$Coinbase(COIN.US)The short-term trend is looking bad. Since starting the position on March 15 last year, I've done many trades in between, and it was profitable for a long time. I've held it without thinking of selling, for no other reason than my logic for buying crypto stocks is that the US now needs another line besides petrodollars to stabilize dollar hegemony. This line must be at the forefront. Once successful, financial systems built by other countries that don't connect will be isolated outside the system. Once connected, without proper regulation, they will be harvested. This is worth the US government pushing hard. Although from a cyclical perspective, crypto is undergoing a bull-bear transition, from a long-term logic I'm still bullish on crypto stocks. I don't know how long this cycle will be, so I don't trade crypto stock options, only buy the stocks directly, and have planned to buy in batches in advance. When it hits certain levels I buy some, until the preset position is fully built, then it's just waiting. Those buying crypto or crypto stocks must be mentally prepared and accept the time and opportunity cost losses from prolonged declines, otherwise it's better to hold cash and wait.