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?
You should hold it for at least 10 years, it will certainly be worth more.
Lol 10 years seem to be a bit pessimistic or optimistic, just how you look at it.
But yes holding now and waiting for a increase of a period of 2-3 years is probably the best thing you can do. Most analysts are optimistic on the long term.