Fair Warning, this might not be the last dip

Look I’m not saying don’t buy, but seems like everybody and their mother and saying buy buy buy right now.

I just want to put this out there, just because we went down there’s no promise it’ll bounce back up. If history has taught us anything, it’s that it could be a long time til we start seeing profits again.

There are many situations that tie this year pretty closely to 2018, so just as an example, we headed into 2018 with BTC at $15,000, by Feb 1st it was down to $9000. I remember thinking, alright the dip, and trust I wasn’t the only one.

Prices continued downhill until it hit $3000, and didn’t come back up until spring of 2019. And didn’t get back up above $15,000 until the major bull run at the end of 2020 that got us to where we are today.

All that to say, things might take a really long time and things could get a lot worse. Of course, anything you buy today will likely still make you money (unless you’re buying some bullshit shit coins), but it could take years.

A lot of people on this sub are new in terms of length of time in crypto. This past year has been a wild one, and anybody who got in recently has certainly aged quickly, but this is just a PSA to those who haven’t had to wait a few years to see green before that your patience very well could be tested.

I’m bunkering down, stepping back into my DCA routine, and I’m not emerging again until I see my shadow. I’m still bullish as anything on cryptos, but I see a long valley as a possibility (not a certainty, but certainly a possibility).

Good luck everybody