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RE: Volatility Is A Part Of Crypto: Get Use To It

in Threespeak3 months ago (edited)

This is why I just hodl.

Honestly I hardly look at my blockfolio at all these days - other than to update when i buy or sell something, which isn't often.

Back in 2017 i was constantly refreshing, but not this time around...

So up to $40K - it mostly felt unreal, but more than that it past me by, down to $30K, it wasn't great, but I didn't think about it too much either.

And if people don't like the volatile nature of the BTC price maybe they should try a stable coin like Hive!

I kind of wish that wasn't a joke.

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Short time frame trading in crypto is for pros or gamblers about to lose their coins. What those of us not well versed in TA should do is to follow the Bitcoin rainbow chart. Sell or buy the colors. So long as Bitcoin does what it has been doing for the last decade or so, you can't really lose by buying the lower colors and selling the higher ones.

https://www.blockchaincenter.net/bitcoin-rainbow-chart/

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