Any investor that’s been in the market and made money knows that nothing matters but time. It is a fact that bitcoin trends higher with time. Therefore in a year or so we will be laughing at these prices.
We all say we’re long term investing, but I don’t think people know what a long term investment means.
This means no matter what happens, YOU DO NOT SELL. Your scope is 5-10 years maybe even 3 but that’s what a long term investment is. You don’t just start selling at a loss at the first sight of trouble.
Bitcoin trends up with time. If you want to win you must HODL and buy more. These are the times when millionaires are made.
You will be rewarded for buying into fear. This is not hopium, this is a fact. Throughout history whenever markets have crashed, the ones that had money to buy the crash always came out on top. Nothing is lost until you sell.
As much as this sub preaches buy high sell low. Profits are taken at the top, not at the bottom. Bitcoin will survive and recover.
However the people who bought alts that have no purpose but hype at ATH’s are in for a rude awakening.
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