Crypt pullbacks…For those who don’t understand “Price action”
It would be great if all assets you bought were to run up parabolically forever. That would mean everybody who invested in that asset is getting rich at the same time and nobody would be losing any money. This is not only irrational, but impossible as well. You see, it is called “trading” for a reason. Whenever somebody sells another person buys. The two concepts cannot exist without each other. And for one person to profit, another has to lose. That is the transference of wealth.
What you are witnessing when Ethereum or Bitcoin run up then turn back around and run back down, is that very transference of wealth. More importantly, it is making the weak even weaker while the strong become stronger. Do not sell off and let the whales shake you out. If you are reading this, even if you don’t agree 100% at least agree to hold on to some of your positions during the dips. Selling all only causes more downward price action and losses for you. Holding still during these price movements will make them more short lived and better for all of us HODLers. It will also lead to more stable price action for the asset you own.
We are still very bullish and this although nothing is for certain, we can safely forecast a crypto uptrend for the coming months. None of this is trade advice and you should do all your own research prior to making any investments. Follow our threads for more insight. Happy trading!!
What you are witnessing when Ethereum or Bitcoin run up then turn back around and run back down, is that very transference of wealth. More importantly, it is making the weak even weaker while the strong become stronger. Do not sell off and let the whales shake you out. If you are reading this, even if you don’t agree 100% at least agree to hold on to some of your positions during the dips. Selling all only causes more downward price action and losses for you. Holding still during these price movements will make them more short lived and better for all of us HODLers. It will also lead to more stable price action for the asset you own.
We are still very bullish and this although nothing is for certain, we can safely forecast a crypto uptrend for the coming months. None of this is trade advice and you should do all your own research prior to making any investments. Follow our threads for more insight. Happy trading!!
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