For the past two years crypto has drastically eaten down like moud and sucks all the minor class of investment. This has driven many afar from current updates because the little money you put in is nowhere to be found. To my end I lost fate buying more when the little $500 I invest was not sustain because of this irreversible deepening. Please for those of you who are guru analyst is there hope of btc rising soon because many more cryptorians loses funds in a relentless patients.
You complain of $500 when we have many investors who are in much deeper draw down. This Is why you should get better knowledge of the market before jumping to invest in it.dont be too excited when you are told about an investment and rush to investment. It will only lead to emotional stress like you are going through right now. P.s, no one can tell you what bitcoin plans on doing next. We are in a bearish phase of the market, and it's not over. You just have to be ready for any outcome the market presents you. Another reason I could thing of in your case would be who introduced you into investment, they most likely brushed you up with the idea that when you put money into bitcoin, it would for ever be in profits.. maybe you should start rethinking now or it's too late? Then get knowledge on how the market cycle works..
Yea, I think your few last lines explains his real problem, those who brought him up. I think they just fed him without real milk of Sincerity and market volatility.
Let's say,, 'once you buy, in some weeks or months ot years, you will be fucking rich, because the value keeps increasing', and all those trash, and his believes in it and comes with such orientation into Bitcoin investment. Now that there is an opposite of what he was thought or the orientation he came with, it is quite difficult for him.
Every Bitcoiner should know that Bitcoin is volatile, and of course, such swings can happen anytime without accurate predictions from investors. And so, with such common sense, investors only invest with what they can afford to lose or better say, money they ain't planned of using for a very long time. So that when you invest, you take off your mind from monitoring the daily amount movement but concentrate on accumulating Bitcoin as you can afford. This helps you stay calm even in the face of dips