You may have gotten rich with shitcoins, but you’ll stay rich with bitcoin.
In a bear market, one must come back to reality and stick to the fundamentals they previously abandoned for quick profits. This bear market may last for a while longer. Don’t get me wrong, I am very bullish on the future of bitcoin and many of these alts, but this market has really come to show what projects are here to stay, and what needs to go away.
Bitcoin has shown resiliency though it all and is proving to be a great store of value. For those who jumped on the hype train late, it may not seem that way. But for those who saw the euphoria and parabolic shifts upwards, they knew when to get out and how to trade the descent.
Most people in this space really take the volatility for granted. Although volatility in a worldwide currency would be bad, in the beginning stages of a revolutionary technology, it is one of the biggest blessings of all. Accumulation is the name of the game. If you can take advantage of the highs and lows or even hodl though and consistently buy the lows, you will end up much better off and financially secure down the road. Volatility is so key for those of us still in accumulation-mode. Take advantage of this!
With bitcoin at these low prices, it is imperative to accumulate more of it than any other currency. Bitcoin will hold its value over the coming months better than any other cryptocurrency out there. If you are long on all the projects you invest in, accumulation in those could be beneficial as well. Just remember that bitcoin should be your number one through this bear market and it will be mine after the bear market as well. It is the future and now is the time to act.
I am not a financial advisor. Don’t take this as financial advice as I am just an anonymous character you don’t know.