Panic HODL! A little story from an old guy with minimal tech knowledge
There's blood in the streets, it's up to my ankles… [The Doors, Peace Frog]
I got into crypto in 2017, and put tiny bits of cash into ETH, BTC, LTC, and a pile of shitcoins. I got a Trezor, misplaced it, got another and restored it. I read all I could on crypto, but with my minimal tech knowledge and advanced age, I still felt like I didn't know and understand all I was reading. I'd stop in the middle of an article to research the meaning of some word or phrase. None of my friends had any interest, so all my discussion was online. I made some money (in fact I paid off my house and car) , but I also panic sold in the beginning. I bought Eth at less than $20. It hit $46, and fell to $38. I sold. A few hours later I bought back in at $48. I sold some ETH just before the recent bull run PROOF for house repairs. I've used it to make my life easier, and while I wish I still had it, I didn't sell all I had, and I like the comfort of being debt-free. My current coins recently hit 3X my annual take-home pay. Today they are less than half that. I don't care. My new mantra: PANIC HODL! In fact, when I have to start taking distributions from my retirement fund (all that money I put away from each paycheck) I'll put some of it into crypto. I just don't care what the price is today. It took a long time but I'm at peace with dips and crashes. I don't even have an end goal, except to be sure my child knows how to access my coins when I die… though I did see a beautiful 1960 Corvette for sale recently. Just a story from an old guy, and my only advice – join me, and PANIC HODL!