Dont Fomo And Panic - IAAC Day 39

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For all Bitcoin lovers out there, today was the most important day of the last 4 years! It happened again... Bitcoin halving is behind us, block discovery rewards is halved... It is my second halving that I followed and it was nice to be alive today to witness something like that in the #IAmAliveChallenge blog post!

If you have followed previous halving events, you probably know the atmosphere which is created around it... On the one side, we have "doomers" who are calling for the end of the Bitcoin, with standard predictions that it will go to zero and die... "If I got a coin for every time that I heard that"... :)

On the other side, we have "moon boys/girls" (I'm one of them... I admit...) who call some incredible prices for Bitcoin... 100K this year? Next year? 1 Million USD in 3 years?

It doesn't matter on which side are you, the most important thing in any trading and investing is to NOT be emotional! The atmosphere is always pumped around the halving and you can be easily sucked into it and do something stupid... :)

Usually, there are two options... You FOMO and but Bitcoin for some crazy high price... and second, you see that price is going down, and sell your BTC (that you FOMO in and buy high) "to not be in loss"...

If you are not an experienced trader, maybe you should avoid buying Bitcoin in the next 2-3 days... :)

Check out #IAmAliveChallenge, created by @flaxz! You can find more details about this challenge here: https://peakd.com/hive-100421/@flaxz/glmrrjya

Thank you for your valuable time,

~ph~

Dont Fomo And Panic.jpg


Music in video:
Growing Up by Scott Buckley https://soundcloud.com/scottbuckley
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14 comments
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Just wondering how many times Bitcoin has to die. lol...

Yes, Bitcoin price falls along with other alt coins. It will take some time. And we will see it will go up again. Thank you @ph1102 for sharing this and spreading positive vibes!

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During the last day it has died minimum 500 times... lol 🤣

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I've seen BTC at 200 USD then going up to 20'000 USD, coming down to 2500 USD again. Never I based my investment on the price in USD. Why? Because there will be never more than 21 million BTC in circulation. Every Day there are BTC destroyed because people loose keys or wallets. Adopiton of BTC is still growing and it has become an established currency even for institutional investors. So when you have on one side a currency that has a maximal cap and on the other side a currency that is printed every day like crazy, my choice is quick.

There is a saying in economist circles:
People will always keep the good money and spend the bad one. I keep the BTC...

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People will always keep the good money and spend the bad one. I keep the BTC...

I didn't know this saying... It's awesome and it's true... Bitcoin is like gold... You use it only if you are really, really in deep sh%^%$ 🤣

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Just like the stock markets, they go up, they go down. If your timing is right, you do well, if not not so good.

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exactly... the only difference is that there is no BTC printing machine, and governments to control it... :)

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