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An investment isn't a get rich quick scheme. If you have done your research, are passionate about this new technology and have patience, the reward will be huge in the end.
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We jumped from $6460 to $6767, nice $300 jump for day traders.
It now looks like Bitcoin wants to go to next resistance at $7000. Tone Vays thinks it is possible, but he is predicting we will also see $5000 in the next 3 weeks!
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We had an entire bullish year, and we're only 2 months into a bear market and people think it's gonna turn around any day now.
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The market needs to clean itself from all the weak hands. Crypto needs to become again something nobody talks about anymore, because everyone thinks the bubble has crashed. And then it'll go up again. Rinse and repeat.
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I want to see a trend break on good volume before I buy. I may swing trade some of the counter-trend pumps, sure, but not HODLing until we see a true bull market.
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Fortunately the market didn't overreact on EOS down and didn't kick the EOS price that much lower. Anyways it would have just been a short term reaction but it's still nice to see that overall the community seems to trust the people & organizations working on EOS instead of starting to panic sell on the first issues.
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I think that a lot of people don't fully understand the technology they're buying into...Price rises are nice, and I'm happy people are making money, but this is about more then just money.
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Everyone thinks this latest dip as an opportunity. Maybe, if you're a trader that is going to sell at 8500. But, if you're looking to hodl, just relax.
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Markets are a reflection of the human condition. We are short-sighted. Changes in the near future are always less than we expect while changes in the long-term are way more than we can imagine.
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