That is, it crashes with risk as the USD climbs, which makes sense since it really is just an effusion of liquidity:
My God that is one ugly bearish descending triangle!
And let us not forget that BTC is the strongest of the cryptos:
A Reddit enthusiast captures the moment nicely:
Just wanted to say that HODL is a strategy I wish I’d never even run into. My portfolio was worth in January 5x what it is today, and anyone who – like myself – didn’t cash out between December and April was just naive and greedy. I invested in spring 2017 and was up well over 500% in an 8 month timespan – not getting out then was just stupid. In no world should i have expected better than 500% return in a 10 year span, let alone an 8 month span. HODLing out for a 5000% return was just idiocy.
I got out on Friday. I made ~15% in my year in ETH. It’s not a bad investment, and in most lights would even seem like a good investment, but I’m admittedly kicking myself for not getting out earlier this year when my entire goddamn car could have been paid off with my portfolio. I’m lucky enough to be well off financially otherwise (which is why I gambled on ETH in the first place), but it’s going to be a long time before I can forgive myself for passing up on a 500% return after 8 months, particularly as I continue to pay off my car for the next 4 years.
Don’t be greedy. Don’t be stupid. HODL is a terrible investment strategy. Take a step back and ask yourself what your end game is and what you think the fundamentals support, price wise.
Tl;dr Fuck HODL.
Those who made millions for free should have known that free money always goes back out again.
Long way down yet for this little ponzi.
