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In case you bought at the top in January 2018, make sure when it recovers, you don’t sell it at once.

You will regret it for the rest of your life.

I remember when I first came to know of Bitcoin and Crypto, it was in December 2013. At that time, a random non-heard of digital currency called “Bitcoin” was costing US$800 to US$1000 each.

I then spent a month in my room studying what Bitcoin was. In that month, I never went out except for when I had to get food.

I came to realise the issue with the existing fiat money. And started to build an understanding of what a deflationary currency is (in contrast to an inflationary currency). I looked at the halving schedules where BTC mining will yield 50% less BTC every 4 years and came to the conclusion that this boom at the time wasn’t a Tulip Mania.

But then there came the Mt. Gox hack, the BTC together with all the other cryptocurrencies crashed. For a reason that I could not conceptualise. Because an exchange break-down had nothing to do with the currency itself.

Anyhow, I kept the few cryptocurrencies I bought – Bitcoin, Dogecoin, Feathercoin and Peercoin

These cryptocurrencies did not crash to nothing, but they kept going down nevertheless. I waited and waited until it was about April, 2017.

In April, 2017, everything almost recovered to their original price. Bitcoin first, the rest came slightly later.

At that moment, I was running low on cash and was like, heck, it finally went back up. Let’s dump this thing asap and get back the cash. I was like “I ain’t making money, but at least I ain’t losing.”

How stupid was I. At that time, I knew the currency was deflationary, and by maths, it was supposed to moon due to the halving. But I lost faith due to a recent bias of the downturn record for the past two years.

Right After April 2017

So after I sold in April 2017, I started to see it climbing. I was like, “okay, but this is gonna crash again soon enough”.

Except that it didn’t. It kept going up, and up, and up, until it reached US$20K.

That 11 months, was the most painful and regretful moment of my life. If I would just have a little more faith, and believed in what I studied in that very winter of 2013, where I didn’t go out for X’mas, I would have held on to my Bitcoins. Even when it’s coming down to just around US$6,000 today, that would still have been an okay 6x gain.

I Hope You’d Avoid My Mistake When The Next Recovery Comes

By mathematics, I am sure the next recovery (and then boom) would come again. And when it just recovers back to US$20K again, don’t be all eager to cash out.

Wait a little longer. Cause by the nature of a deflationary currency, when there are too many printed fiat out there, and that supplies of the BTC are halved, BTC was pre-calculated to moon a second time.

So, when the time comes, just wait and watch. So that your years of waiting don’t come in vain. Just like mine did.