Four days and ten hours: that's all it took for Loopring to drop below $1

I'm putting this at the top because people aren't reading the full post and just commenting based on the title. TL;DR I was right, LRC go down: start buying now

In my last post, I warned LRC holders that the coin is in a clear downtrend with no end in sight and that it could easily drop below $1 again. Less than five days later, it happened. People in the comments thought I was a shill and creating FUD to push people to sell. The people of a certain community reposted my post, implying that I was a "paid shill by the big banks". Eventhough I explained in my post that I was looking for the downtrend to end so I could jump in since I believe in the long term value of the project, I received threats and the reddit suicide care message in my inbox. I guess people really hate it when you go against the narrative of their echo chamber.

I can already feel what those same people are going to comment right now.

The whole market is down, not just LRC!

True, but most altcoins are currently down 12% to 16% in the last 24 hours. Loopring is down 20% in 24h and 35% in the last week. Do you want me to pull up the monthly charts as well? Those are even worse.

Price doesn't matter long term, just HODL

Sure, you can do this if you truely believe in the project and you apply 0 risk management to your portfolio. I'll repeat the explanation on why I advised people to sell back then: opportunity cost, not all crypto will get a guaranteed rise in price and if you feel like short term the price will tumble you should absolutely sell to protect your funds. I don't care what your feelings are about it: HODLing is not the perfect strategy that you think it is. Especially for an asset that is in a clear downwards trend, like I said it was.

To end, I'll quote one of the most popular comments on my last post:

And your “advise” to sell now in the hope that it will go down to $1, so as to make a 35% gain, is one of the stupidest things I have ever seen.

Yep, definitely one of the stupidest things ever... Except that everyone that listened to me would have pulled it off by now. A 35% gain in just 4 days and 10 hours. Not so bad, huh?

What now? Well, I think LRC is finally at prices where I would be comfortable to start buying into the coin (via DCA). Yes you read that correctly: I'm advising people to start buying it now, weird that a paid shill would say that! I still don't see any relevant upside movement for LRC relative to general market until an announcement happens about the whole GME saga, but if you wait for that you'll likely miss the pump so it's better to get in before it happens. You might have to wait for the GME earnings report in early March for this to happen though.