Why whales got rekt - are you ready to HODL?

TL;DR: HODL can mean years of pain. Be ready for it and have a plan - expect the worst to be ready at all time. check out the stats by coinmarketcap

Friendly reminder that nobody in the crypto sphere can successfully predict crypto. Whales bought massive amounts and weren’t ready for the lows we have right now. If you are a HODLer then this post is for you.

Remember that we are steps before a global economic disaster. Everything points towards a recession leading to a stock market crash or multiple dumps. We have seen what happened to crypto whenever the stock market dumped heavily - and now it’ll get tested for the first time fighting a recession.

Let’s talk about HOLDing through it. I obviously don’t know how long you are into crypto already and if this isn’t your first bear market this is probably stuff you already know. Back in 2017 everybody was so hyped about crypto. It gave us all a feeling of „we were right“ and „we made it“ because against all odds and FUD BTC hit for the first time massive new all time highs. 16k+ is on the chart. zoom out

Let’s say you were there back then and bought around that ATH. A classic buy high moment. It didn’t took a couple months, not a year to recover. It took nearly three years to hit those numbers again. Imagine looking at a red portfolio for multiple years while people lose hope whether it’ll ever hit 69k again.

I don’t want to sound pessimistic chances are obviously high it’ll happen earlier again. But with a recession and whales getting rekt, institutions pulling out their money for their bluechip stocks and retailers selling to be able afford their daily life again - we might see something similar.

Chances are high BTC will remain between 10-30k for a longer time until the global economy looks better. Maybe even dips under 10k. In so many years alts will be shaken out, replaced, new will come out and get hyped.

HODL is simple but you should be aware of all possibilities if you do so to not get rekt at the bottom. We all gonna make it