#PONS continued to probe for a bottom today, reaching a low of 0.36. With no positive news in sight, downward momentum has yet to fade. There are no signs of a short-term bottom, and prices are likely to keep probing lower. The entire market is falling, liquidity is retreating sharply, and the primary market has entered a mild bear market.
Quite a few people holding $PONS have left messages asking what to do when they’re underwater. All I can say is: if you really can’t take it anymore, cut your losses. Holding for the long term is something most people simply can’t stick with, which is why so few people in the market can hold on to long-term positions. Most either can’t endure the grinding decline at the bottom and sell at a loss, or can’t resist the temptation of a sudden rally and cash out for a profit. If you’re not very resilient emotionally, consider stepping aside for now and watching from the sidelines. That way, a prolonged decline won’t wear down your mindset and damage your health.
PONS has been steadily declining, and many people in the market are saying its revenue keeps shrinking and it’s heading into a death spiral toward zero. First of all, PONS isn’t some obscure shitcoin whose insiders disappear after it rises dozens of times over. It’s already listed for spot and futures trading on the major exchange OKX, and it has been added to Binance Alpha with futures trading enabled. A spot listing there is only a matter of time. It isn’t just another small-cap coin; in this bear market, it’s a leading tokenized U.S. stock project backed by the Robinhood brokerage platform. PONS currently holds a position similar to a platform token on the RH chain and is the chain’s flagship asset. If PONS really went to zero, the impact on the RH chain would be enormous. Robinhood’s official team certainly wouldn’t want that, and it’s highly likely they’ll release some positive news down the line to support their own public blockchain. So PONS isn’t going to zero; it’s just going through a deep mid-cycle correction. What’s the mindset of people calling for PONS to go to zero? They’re either shorting PONS or they’re short-term holders who sold at a loss after getting trapped. Investing requires a rational assessment of fundamentals—don’t let market sentiment sway you too easily. This isn’t a major bull market, there’s little new capital coming in, and market liquidity is insufficient, so an overall downturn across the market is normal. Those trading short-term should take a break and avoid overtrading for now. For those with a long-term outlook, this is actually a good opportunity to accumulate quality coins at low prices.
As for my positions, I’m holding PONS and #marscoin without making any changes, and I’ve added to my position in #Stonk . For now, I’ll continue to hold and won’t proactively reduce my positions. I’ll keep adding to STONK on dips.
Quite a few people holding $PONS have left messages asking what to do when they’re underwater. All I can say is: if you really can’t take it anymore, cut your losses. Holding for the long term is something most people simply can’t stick with, which is why so few people in the market can hold on to long-term positions. Most either can’t endure the grinding decline at the bottom and sell at a loss, or can’t resist the temptation of a sudden rally and cash out for a profit. If you’re not very resilient emotionally, consider stepping aside for now and watching from the sidelines. That way, a prolonged decline won’t wear down your mindset and damage your health.
PONS has been steadily declining, and many people in the market are saying its revenue keeps shrinking and it’s heading into a death spiral toward zero. First of all, PONS isn’t some obscure shitcoin whose insiders disappear after it rises dozens of times over. It’s already listed for spot and futures trading on the major exchange OKX, and it has been added to Binance Alpha with futures trading enabled. A spot listing there is only a matter of time. It isn’t just another small-cap coin; in this bear market, it’s a leading tokenized U.S. stock project backed by the Robinhood brokerage platform. PONS currently holds a position similar to a platform token on the RH chain and is the chain’s flagship asset. If PONS really went to zero, the impact on the RH chain would be enormous. Robinhood’s official team certainly wouldn’t want that, and it’s highly likely they’ll release some positive news down the line to support their own public blockchain. So PONS isn’t going to zero; it’s just going through a deep mid-cycle correction. What’s the mindset of people calling for PONS to go to zero? They’re either shorting PONS or they’re short-term holders who sold at a loss after getting trapped. Investing requires a rational assessment of fundamentals—don’t let market sentiment sway you too easily. This isn’t a major bull market, there’s little new capital coming in, and market liquidity is insufficient, so an overall downturn across the market is normal. Those trading short-term should take a break and avoid overtrading for now. For those with a long-term outlook, this is actually a good opportunity to accumulate quality coins at low prices.
As for my positions, I’m holding PONS and #marscoin without making any changes, and I’ve added to my position in #Stonk . For now, I’ll continue to hold and won’t proactively reduce my positions. I’ll keep adding to STONK on dips.
