Then everyone said if it broke 400 we were screwed and there was NO good news from China at all so I sold at 399.
unfortunately a lot of people lose btc by trying to gauge sentiment here before realising most posts are just random gibberish and those that post those things usually don't believe it themselves.
you've taken a hit but you'll recover, just remember to only trade with a portion of your btc (or just hold) so you can be patient and not freak out at sudden movements.
There were a lot of fancy charts and lines and people with autistic math friends
I've learned my lesson.
You have not learned your lesson though. The biggest lesson is patience. and buying back here and now is not the best place to have made a trade.
And how the hell I'm ever going to guess correctly at when the "best place is?"
The whole reason I sold at 400 was to try and come back in at a lower point. All that did was waste money and energy if I really believe in a long-term hold of btc.
You may need to reflect on the matter. NONE of us can really know your situation better than you.
However, for example, it is possible that you could have taken your lumpsum that you just bought in with and to strategically decided how to invest it over the next weeks or even months.
Maybe, for example half right away, then 15% at $490 15% at $480 and 20% at $470? Of course there are other scenarios, too.. and surely it is possible that we will never see $499 again.
To figure out a strategy that will cause you NOT to act too quickly and with your whole BTC investment would likely take a little more work, but it may save you in the long run.
On the other hand, what you did may be more suitable to you, and maybe you already know that. NOW, on the other hand, if BTC prices drop back to $400 or $300, what are you going to do? you will just wait it out? or buy more? or what?
I am also somewhat anxious when n the price is dropping and I am buying.. and the value of my whole portfolio is dropping.
My personal plan is to continue to buy as the price drops. otherwise I mostly HODL.
I do some other variations, but that is usually with a small number of coins. Sometimes I win with those other coins, but frequently it is a big waste of time for me and my personality to try to trade (at least I have NOT figured out a sure technique, yet). On the other hand, I foresee that if the price shoots up (for an extended period of time) past my average buy in price, I may take some profits... that is if i think that the price is way above the likelihood that it will continue to go up.. I may wait until $1,500 before I do that? NOT sure yet, will have to see how quickly the price goes up, if at all.
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