StaticCommando

Zen and the art of crypto trading

Long
COINBASE:BTCUSD   Bitcoin
Remember back in elementary school the two kids that were going to fist fight in the creek once school got out. Every so often the fight would actually materialize but more often than not somebody got cold feet and tried to get out of the fight. Be it by faking sick, taking the long way home, etc. That's what is taking place right now with all the panic selling in the crypto markets. The market makers a.k.a." the school bully" have challenged us all to that fight in the creek and most of us are panicking " faking sick, handing over our lunch money, or taking the long way home" instead of just meeting them in the creek for a showdown. With the Bakkt futures approaching in late January 2019 and Van Eck knocking on the crypto trading doors is it any wonder why the whales would want to drive the prices down in order to scoop up cheaper coin before these new avenues of retail and institutional buyers enter the market. This tidal wave has started so there's no turning back at the current moment so I suggest going with the flow of the market and not swimming against it. Can prices go lower? Yes. Should you panic? No. Is it ok to get slammed against the sand on the beach? Yes. Is it ok to lay there whining about the bumps and briuses? No. Like all tidal waves, they eventually recede back out into the ocean. If you can afford to invest more, now is the time to ladder buys into the market. If you're tapped out, sit back and relax and hold onto to your coins until the seas calm themselves again. Handing over your lunch money without a fight is how people go hungry. Me personally, I like to eat so I'm going down to the creek to fight the bully for my lunch money. Hope to see the rest of you there too.


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