what's going on with price slippage... or so it seems
been getting repeatedly spiked down and worked lower last 3 days now despite some seemingly heavy resistance ... basically it didn't breach $450 or 3000cny on the upswing from the looks of it and so down it goes ... now about $20 off from the $445 it hit 3 days ago ... pretty brutal and demoralizing but i assume that's the idea it always is ... we'll see if it goes up from 425 , 420 , or somewhere between there and 400 ...
You should not let yourself get demoralized by such volatility and price movements. Just attempt to prepare for various swings of 5%, 10% and up to 20% in short periods of time. Such price changes are not the end of bitcoin, but part of the process of upward movements includes some flat periods and even downward tests of the support.
oh i'm still in it and trading to some success overall ... have been actively selling and rebuying lower as has been the correct thing to do most lately so increasing btc though losing fiat value and proceeding with the mindset that i refuse to be shaken out prior to halving and scaling implemented... been trading this long enough (years) to know this price movement is normal / intentional ... i will say though wherever it goes up to before / during / after halving and scaling is where i intend to walk away or at least mostly just too much stress to reward ratio for how little coin i'm trading ... i'm growing to hate the sound of alarm bells waking me up mostly
Understandable.. that sometimes, there may be a need to reallocate and to take some out in order that the investment is less stressful because the volatility (especially downward) can be a real pain in the ass, and require way too much attention.
