Hey guys,
I just registred right now, before i was some kind of observer of the observer thread
After the actual crash i tried to keep cool. I'm not some kind of big investor. I "only" hold a few k in BTC actually.
Anyway, after the coaster ride between 920 and 970 I thought it will go straight up soon. But we dropped under 900.
Because I was wrong and never expected the under 900 drop I have had no fiat ready to buy some coins.
I really regret not having fiat ready to buy some more coins at this time. In my opinion we will be on our steep rising again in only a few days. The green candles are becoming more and more. Meanwhile I keep hodl my coins.
From my view a lot of people are to emotionally, I mean you may have "earned" 10k in BTC in the last weeks. And what is the situation now? You will still have a profit of about 5k. So keep being rational.
I wanted to sell my BTC when the price was near the ATH.
Guess what ... I didn't - and it crashed. Now I've had the same feeling, but this time I did it. Better safe than sorry.
Will buy in again when the journey down is over.
I wanted to sell my BTC when the price was near the ATH.
Guess what ... I didn't - and it crashed. Now I've had the same feeling, but this time I did it. Better safe than sorry.
Will buy in again when the journey down is over.
Oh I'm sorry I know this feeling. we all have panic sold at least once I guess, you'll have your chance of getting back to it
Don't get me wrong, it was not some kind of panic sell. I have bought my coins on a much cheaper price. So i just took my profit and took me out of the game for a while, to watch how it evolves. Of course it would be annoying if we will go straigt up to $1000 in the next 24hrs (for example), but otherwise it could go down to $750, in this case is was a very good decision.
NO matter how you try to frame yourself as supposedly being smarter than others (because you bought your coins cheap) the practice of selling on these kinds of dips, is dumbass, even if there is more down from here (which does not seem to be a very likely scenario - even though it is possible that manipulation butt hurt bears have another 50k coins to dump).
In other words, the smarter long term tactic is either to buy on dips or at least hodl... Selling on dips...
Of course selling on deep legs is not smart. I have sold on the first red candles at ~$900. So I could even buy in at this time and have more coins afterwards (what I will do eventually). Maybe you thought i sold at $850 because my posting was made at this time?
And I'm aware that I may did some bad decisions regarding BTC already. Also there may be some more in the future. And of course sometimes I've just had luck. But I'm willing to learn and read about the topic.
