After 10month later btc again touch 30k range, Although I was happy to see it rise to the range of 30k, but a deep pain and fear was created in my chest, actually the fear is that I don't feel comfort when the price of bitcoin goes higher because after investing at that price, if btc's value goes down. It's like the bitcoin pump couldn't make me happy.
I would like to know your feelings on this matter.
It's your feelings that mess up your trading and investments. It is your feelings that make you create irrational and illogical decisions.
I would say that your investment plan must be clear. Black and white and rigid. So that when your emotions, greed, fear, and uncertainty, hits you. You know exactly what to doo and not get derailed from your financial and investment plans. Otherwise, your gains or your investment money will be lost.
Always be objective when you're in front of your charts and your PnL. Review your plan and not what you are feeling right now.
The price has reached around $30800 and it seems that it will continue to rise, on many social media many believe that the market will recover soon, of course this is a good opportunity to buy more so that we can get big profits in a short time, don't panic if sometimes the price drops , but when it goes down then buying more is better.
Actually bitcoin is simply following its own trend like it has made in the other halving phase. So, I expect that Bitcoin will range between 30k and 40k during this year, and maybe next year we'll see something of cool. Also
don't forget that we should see how the real economy goes, if things doesn't go well how can Bitcoin raise?
Which basically means, the market will do whatever it wants to do regardless of how you feel. It only see your orders and positions, not your expectations. So you have to be very smart on your investments. Not an emotional gambler.