I've spent half of my day reading carefully the 20 page lag that formed during the night. I slept like a baby and laughed when I saw that $3850 bottom. Jesus, this fall was epic.
But the recovery is beyond epic. Anyway!
Half of the posts were dedicated to mindrust decision to sell. I am really sorry that happened, buddy! It happens to everyone. You have to accept it and forgive your own weakness. You let the emotions take over the sound mind. In moments like this I tell myself that selling at some point means I believe Bitcoin will not return at this level for the next 5 years. So, ffs how on Earth Bitcoin won't recover to 4K, even if it drops below it?
I mean, you have to wait, patience is needed. And this applies for any kind of investment. Do you think that those who trade with real estates get rich quickly? I follow closely many ads and I can say that 99% of them are not sold for less than 3 years after they are posted. You have to wait and be patient.
If you have bitcoins, you should appreciate them more than fiat and other possesions. Why? Because you will live with the hope that some day you will achieve everything you've dreamt about - a car, a house, etc., things that you would never afford with your salary. What else can give you such a hope - lottery, shitcoins? nah
I will share some of my experiences with the hope to encourage you. In the Summer of 2017 I had 13 bitcoins from mining and trading. I also had 23K euro savings into the bank. Just before my holiday, I decided that this profit is enogh for me and sold everything at $2700. I was happy for 1 day. On the next the price shot up 20%. I comforted myself that this is temporary, but the next week the price went above the ATH, raising in 2 weeks to $4 800. I felt more and more depressed. I was in a beach resort, lamenting the missed 25 000 euro profit. Then I realized that subconsciously I've made the mistake to set a too low profit target. Because the salary was too low - around 600 euro per month, I used to think that 20K is a huge profit. But looking at the hotel and nearby villas, I knew what I really wanted to get - a villa with a pool and not live anymore into an appartment with no view.
I started to think deeply what I should do. Then I decided firmly to get back into Bitcoin, buy with all my savings and hold until I get the money for the house plus the money needed to support the new way of life. I bought a ledger nano S, memorized the key words and used all my savings to buy again 13 bitcoins at prices around $4700, which was much higher than my exit price $2700. One month later the price fell to $3000 and I was a little upset that I didn't wait, but I didn't even think of selling or abandoning my goal. It helped that in early 2017 I forfeited 2 times profits around $2000 because of the crashes, which were my first baptism by fire. As a noob I didn't believe that bitcoin will return to $1000 after a 40% drop. I've waited 2 months after the drop and decided it won't go back there and sold on even. Later, I panic sold but on profit before the supposed fork and rebought with a loss of 0.5
BTC after it was cancelled, and then the same story when we reached 14K. These were my last emotional breaches. Yes, I was a bit nerveous when we fell to $3100 in 2018 but my mind was strong and I continued to buy and even sold the last land to get 2 more coins. Now I am happy to have 17
BTC and will continue to DCA untill I start to sell according to my plan.
My point is that it doesn't matter how and when you enter. You can profit only if you are strong and stick to your guns! Never, never believe any trader, chart expert, etc. Remember, anything can happen, have a plan and stick to it! Go against your emotions and conquer them with your mind!