Keep Calm and Buy Bitcoin!

Hi folks, stepping by to get a feel of the temperature here at HIVE 😁

Let’s calm down! After a crash, the best thing to do is often to calm down, drink a beer and do nothing. Here is why.

For investors, such crypto crashes as we see now are scary. They are also predictable. Well, nobody can predict the crash but when the market crash it is often very dramatically. Remember when we have a crash like this it is only bad news if you need your money right away. Therefore you do not buy crypto if you need your money the next 2-3 years. For those of you that will hit and sit for the long run this should be no issue at all.

Bitcoin and other cryptocurrencies have risen for a while now, this crash was only a healthy check that everything work as it supposed to. This won’t do any lasting damage to us, we just rolled over a bit on our bike like when we were little.

For the recon, the value has been increasing like 5-10 times its own value lastly, that is not healthy. Of course, this was to happen sooner than later. Now I’m happy, the plunge is over, now sit back and chill, lets buy some more crypto, shall we?

This is good and bad news. The fact that crypto has done so well over the last months is a reminder that crypto are still a great long-term investment. But crypto will not rise forever. Remember that in stocks and other investments we cannot expect more than 7% annual rate of return. Let’s put that to the test with crypto 😁

So lets just do nothing and keep on posting on HIVE with @PeakD, @Leofinance and @proofofbrain or other dapps of your likening – staking ourselves into heaven!

I do not know about you guys but when comparing BTC to S&P500 I would rather be staking BTC, haha seems like S&P500 are flying to the moon! (and let me sing among the stars, meh)

By all means, do not feel the urgency to sell crypto now, buy more. Selling crypto in panic is often the worst thing you could ever do. Successful investing is about buying low and selling high. And if you believe that you can just cash out now and then get back in on the next wave, think through this: you and me and nobody know when the crypto market will swing back leaving you with a huge cost if you are missing out on just a few really good days in the crypto sphere.

The best thing you can possibly do now (I did this evening) is to rebalance your portfolio. Buy more of crypto, get that crypto base up to 10% again if that was your allocation of Bitcoin. Big movements in the crypto sphere are a good reminder to give your portfolio a checkup and consider making some moves to bring your portfolio into balance. This is of course if you have 10-15% cash available which you should always have, consider the volatility (fluctuations) in the marketplace.

To sum up the sudden crash the last week are causing one to lose courage or confidence, but it's probably not a sign of imminent financial collapse and it doesn’t mean that crypto are not a good investment anymore - I surely believe that this is here to stay, forever. Unless you need cash immediately, do not sell of your crypto folks!

The best thing is just to KEEP CALM AND BUY BITCOIN.

Cheers -Olebulls

Posted Using LeoFinance ^Beta