We're all clueless about the continuos pump of bitcoin. OP mentioned the FUD impact to the market cause them to let go in bitcoin. Its crypto nature to have a volatile market that you wouldn't be sure in decisions you make.
The basic of trading is to "buy low, sell high" if you'd put your money as investment and not scared to risk it since its better to invest the money that you're afford to lose, then maybe you're in the moon already.
Its fine to have experiences like this I always consider them as character development since you can always learn from it. For a long time you'll have wise decision making and good calls.
Topic: I still believe I am on the right path - page 7. (Read 856 times)
Your inner voice of selling at a loss will calm down once you experience more with the bitcoin price swings, then only you will realize with your own eyes that the long term value of bitcoin is huge and that buying at a low will always be profitable.
Try to read more about how bitcoin works and how its market performance has been since a few years. I have been watching since 2016 when price was ~700USD only and look at today's price as comparison to that.
Do sell at the high and then buy back at the low. That should put in some positive energy back in you and it is the way to multiply your total capital.
Try to read more about how bitcoin works and how its market performance has been since a few years. I have been watching since 2016 when price was ~700USD only and look at today's price as comparison to that.
Do sell at the high and then buy back at the low. That should put in some positive energy back in you and it is the way to multiply your total capital.
The level of knowledge is also important which will give value to how high the bitcoin should be traded. How much functionality and solutions bitcoin brings that you know about will affect your chances of passing it on to someone else even in the absence of FUD or volatility.
Even if I have bought some bitcoin a few days after the launch day, there is a 99% chances that I would have sold the Bitcoin, the enemies of holding Bitcoin for a newbie is
1. Market manipulators
2. My own psychology
Market manipulators must have made me want to wet my pants, in the past years there are many FUD about Bitcoin, calling it another bubble, this could have made me give up.
We all have our demons too, I could have listened to them, saying, sell, sell, sell, you dummy, this thing is going to die and you will lose all your capital.
I believe it's a good thing to have grown with Bitcoin all this past years and have grown the confidence to hold through any weather, Bitcoin have proven itself to be the best solution to decentralization.
Now I don't hear my demons trying to confuse me to sell, I was there once, I knew how it felt to believe in something you don't have trust in, today I've made up my mind, to always be with Bitcoin.
You are not too late, you just find the reason to keep supporting Bitcoin, to keep holding your Bitcoin bag. My confidence in Bitcoin is now 100%.
1. Market manipulators
2. My own psychology
Market manipulators must have made me want to wet my pants, in the past years there are many FUD about Bitcoin, calling it another bubble, this could have made me give up.
We all have our demons too, I could have listened to them, saying, sell, sell, sell, you dummy, this thing is going to die and you will lose all your capital.
I believe it's a good thing to have grown with Bitcoin all this past years and have grown the confidence to hold through any weather, Bitcoin have proven itself to be the best solution to decentralization.
Now I don't hear my demons trying to confuse me to sell, I was there once, I knew how it felt to believe in something you don't have trust in, today I've made up my mind, to always be with Bitcoin.
You are not too late, you just find the reason to keep supporting Bitcoin, to keep holding your Bitcoin bag. My confidence in Bitcoin is now 100%.
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