On: Cryptocurrency prices plunge over Biden Tax

[harmeswoul12]

This announcement caused panic throughout the crypto space. A lot of people resorted to selling their bags to buy more at a lower price. This resulted in a red market throughout the day.

[runeks → harmeswoul12]

> A lot of people resorted to selling their bags to buy more at a lower price.

Sounds like a sensible strategy.

Although I prefer the “buying and then selling at a higher price”-approach.

[BitwiseFool → runeks]

Buy low, sell never. That is the creed of HODL.

[roguson → BitwiseFool]

I totally agree with this creed. No matter what happens in the market, we should just hold. It is the most effective strategy in the long run.