May 19, 2021 - Email to Clients

I thought I would share an email I sent to clients this morning, in response to the last 24 hours, which has been a bloodbath.

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So it is a "sea of red" this morning if you are looking at crypto prices and charts. When we started the crypto journey we knew there would be ups and downs. Ups are easy to handle, downs are not. Nobody likes losing money, but remember, you don't lose anything unless you sell. We have been here before with crypto, when for example, Bitcoin had a performance of -72.8% in 2018. The people that held on (or bought the dip) were rewarded.

I think part of the problem this week is there is a lot of new money in crypto. Those relatively new investors see Elon Musk say a few negative things and when the market goes down the panic selling begins. At the end of the day, it is your money and if you want me to sell I will do so, but I would encourage you to hang in there.

Sometimes the best strategy at a time like this is DON'T look at the prices. Tune out the noise. Don't listen to the panic sellers. Focus on something else like your job, wife, kids, or hobbies. I think it will bounce back and holders will be rewarded in the long run.

Lastly, this email is not targeted at you specifically. I am sending it to all clients. I don't think you are a panic seller!

Best regards,

Dustin Franks Founder, Portfolio Manager Crypto Solutions, LLC www.cryptocurrencysolutions.info