Steemians,

The last few days in the cryptomarket have been very red. This bloodshed combined with uncertainty and fear (FUD) towards the upcoming SegWit adoption on the 1st of August is causing a bit of a scary scene out on the streets and many are becoming casualties unnecessarily.

The first and foremost point I would like to make--Stay Calm.

That's right, relax. Have a Mojito by the pool and stop looking at the red on your screen. It isn't what you think and there are some good indicators here and beautiful opportunity as well.

Here are some very important factors that you should be focused on:

Blockchain Projects are still moving forward, in fact, more so than ever
Adding to Poistions during bottoms creates excellent dollar-cost-average
Even if you sold at a loss, re-buying at a low could create a recovery
This downturn is an EMOTIONAL response, not a TECHNICAL one (there's nothing wrong)

For many new crypto-investers, the emotional response to their falling portfolio value was too much to bear (pun fully intended) and they sold at a loss hoping to save as much as they could. These investors are casualties of the current bloodbath and most will likely become unwilling to reinvest (missing out on the profit potential).

Strong Bearish downsides often resemble a bubble, and the emotional responses triggered always follows a recognizable pattern as seen below:

https://steemitimages.com/DQmZSxeMzsGQzkh9NCWBNYxKQGTvkDzDxAahEEdLDH82k7T/stages.jpg

As many sell off their positions to preserve FIAT currencies at a loss, the long term buyers step in during the Despair point to strengthen their portfolio, calmly preparing to take profit from these discounts when the market is more favorable. This is how wealth is built over time (not overnight).

As I stated already, what we are seeing isn't a crash like many of the inexperienced crypto content creators may be calling it. There's no significant problem with the technology, no loss of integrity in the blockchain, or reason to remove your position. Nothing. Everything is the same.

So what's changed? The people. People are scared, they are unsure and emotional and this fear spreads quickly into panic. No one actually knows the impacts of SegWit adoption and forking on the Bitcoin chain. It could be a much needed positive change reducing transactional delays and fees. It could be a placebo effect where nothing happens at all. No one is sure, we just have to wait and see.

It's days like these where I simply relax. I don't focus on the lower numbers on my balance. I set price alerts for predicted low support levels and buy in to them in small amounts, taking opportunity at each new bottom. The way I look at it, if my portfolio is already in a loss, there's no point in selling the position. I just simply take steps to strengthen it in the long term. HODL and buy the dips as they say.

All markets have peaks and they all have valleys. As long as the GROWTH continues there will always be more oppurtunity for GAINS.

Just HODL and breath my friends, we'll be ok.

@rabbt

https://steemitimages.com/DQmdVSNimUy8JFeKGKRqXA3xyKDU1qqqezD9wo2B6r7nbfi/rabbt.png

This is just my personal opinion, always do your own research before making any financial decisions.