I sold at $7550, am I screwed or will it at least go back down to $7500?
Maybe screwed.
I sold 13 BTC at $3,965 USD price and watched it go down to $3,200 or so Bitcoin. Was feeling pretty good I got out at that price when I saw that. Er..not so much now.
I managed to sell some equipment and get 3 BTC back, but I'm 10 BTC down that I will be unlikely ever to recover. Them's the breaks. Bitcoin: You merciless bitch!
I'd say the odds of Bitcoin going down to say $7,500 are about the same odds as Bitcoin going to over $30K.
Both are longshots indeed.
I only seem to get into trouble with Bitcoin since 2013 when I SELL, you'd think I'd figure it out by now and just go f*ck and go for it.
Triumph or Tulips!
(should be my motto) and then just forget I own Bitcoin for the next 5 years.
So the key here in HODL'ing is to call all this 'excitement' rather than 'stress' on the usual month by month Bitcoin drama of fud/price/fakesatoshi and the usual.
See, whee...exciting
Ack!
Brad