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That's a question I always ask myself, weather its in the morning when I wake up, during the day as I read all those negative Bitcoin reviews or even at night as I stay up contemplating weather or not my Bitcoins will be worth less by the time I wake.
I came to a simple 3 point solution.
- Stay informed (News is key to staying ahead of any future price dips)
- Prepare for future scenarios (Hedge the risk of any possible adverse market conditions by having exit/re-entry strategies)
- Take immediate action (When the market falls get out before the panic erupts. Do not be a Bitcoin romantic .Emotional attachment will cost you.)
I'm not fear mongering here , I'm simply being realistic. We all know the concept of Bitcoin is still pretty new and as we have seen with other bubbles, some burst and some float to great heights.
If anyone wants to stay informed about working systems to help offset risk and hedge against future price swings.
Follow me on Twitter : @Bitcoin_Drop
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