I do see panic selling waves as the golden opportunities to enter into the Bitcoin at the best possible level because it follows the principle of the great investor Warren Buffet, he says "Be fearful when others are greedy and be greedy when others are fearful".
While panic selling takes place, the market falls dramatically where most of the sellers are newbies and experienced traders/investors are on the buy wall so it's baseless to sell during such wave when returns on investments are concerned.
While panic selling takes place, the market falls dramatically where most of the sellers are newbies and experienced traders/investors are on the buy wall so it's baseless to sell during such wave when returns on investments are concerned.
Panic sellers will always be here no matter how much we advise that its not the correct decision. The problem with them is that they react to FUD rather than seeing and trying to digest what is going on. The market crashes, price plummeted, however this is a perfect buying opportunity for most of us. The investors loves to buy in this kind of dips. They even buy in bulks and accumulated more bitcoin in their wallet. This is how most investors do and its one of the strategy why we have so may investors that have accumulated so much bitcoin overtime.
Agree and to be honest, most of us have gone through this phase. Probably, the loss is what teach us about it and experience helps us to keep calm during next panic selling wave. Experienced traders accumulate their capital all the time and when they see an opportunity, they grab it with their maximum potential. Whereas, newbies do it in the exact opposite way and hence suffer loss. One should always remember and follow Warren Buffet's principle while trading in my opinion.
