I cracked Near the Bottom

[gtype]

Hey bro,


We have all been there, situations like this are why it's important to only invest what you can loose, with a "I want to learn" mindset.

Think long term, you can loose money, but you can't loose what you've learned.

Never make a decision under stress, it's better to loose some cash short term and then reflect on what you should have done than panic.

It's hard giving advice to people in these situations, but if you feel the market is going up just buy now. But do it by choice, a cold hard decision, and if it goes wrong get back here and reflect on it.

Personaly, and based on the current market, I would wait for the next dip (lowest price before rebound around 13-14 Feb?) and buy there.

This is not an advice, and my opinion may change tomorrow, or even later today.

Above all, only invest what you can afford, spare some time to learn and get a feeling for the market, think long term (I might loose this year but I'll do better the next one), never regret a mistake, learn from it.

That's if you want to trade. If you are a HODLER, just HODL and don't think about it.


Good luck, and remeber hard work always pays off, while get rich schemes almost never do.

[sjefdeklerk]

Hi,

I fell for the fud today and I sold most of my bitcoin around the 6800 - 6600 EUR mark. It got pretty scary for me as I've not been around for the past mass dumps and i've usually had my bottom so far from the top that any dips have been nothing. So I was really tried and tested today.

I'm looking to get back in and I wondered if anyone had any experience with this and could give me any advice. Should I look to buy back in at a loss just now or do you reckon to wait for another dip?

I know no-one can see the future, but just from past experience has anyone wished they'd bought back in asap or waited?

So did you buy back? We're now trading 6300 EUR, quite a bit lower than were you sold it. So you did good. Don't listen to those idiots in this thread, they've only lost money.

[malikusama]

Bitcoin has already survived around 55-60% drop from the last ATH(i.e $20000) and i am not expecting that it will fall down any further because this correction was much big, if the trend remains the same and the price gets lower than $5000 then bitcoin will surely going to lose the market dominance and will crash, and no one want it to happen including investors or manipulators or other community members.
If you are willing to get in again then probably it is the best time because price is not going to fall anymore, but this time you should need to hold and control your emotions to avoid any further loss.