I basically know shit about how BTC works. I received a payment in BTC when price was $750 a few days ago. My lazy ass didn't sell it right away and now I am panicking. Current price is $618 and it keeps falling. I'm panicking. What should I do? Should I sell it right now or should I wait and hope for the price to rise back to $750 or at least closer to it?
Wow.What`s that 750$ payment?
Bitcoin price fall can be very frustrating if you hold lots of btc,i know.
Don`t panic and don`t sell and you are fine.The price will go up sooner or later.
The number of coins added through mining is a small % of coins which are continuously traded. Therefor the halving should not influence the price much.
But in reality the price is greatly influenced by what people believe. Regardless of facts. So if we all belief price goes up, then price will go up. And if price goes up, price might go up a lot simply because there are more eyes on the price during the halving.