Think about your goals. What is your timeframe? Do you think Bitcoin will be higher later in the year? JMO but I think one day it will be over $100k. I believe Haejin thinks so too. I also believe it will be a very rocky ride.
No. Don't panic. You are going to be fine. You might have to wait a few days for the BTC price to go over 11300. No big deal. Cryptos are very volatile. Methinks you acted too hastily when entering your position in BTC. If I were you, here's what I would do: once BTC goes back over 11300, say... 11500, sell 1/2 of your position and go buy real, physical silver and/or gold with the other half. Put that physical metal in your lockbox at home. This will greatly calm your nerves. And, hang onto the other half of your investment in BTC. Buckle up - it's going to be a wild ride. If you can wait it out for a few months, you should be able to exit your BTC position with a very healthy profit. Next time, do not invest more than you can afford to lose.
This is never going to end. It is going to be even worse. So, better sell everything and never look at cryptos again.
You should sell now and never come back to crypto if you‘re afraid to lose money.
LOL, how many times to people have to say HODL!? Think of all the poor souls that bought at $19,800. Must be a HUGE stack of bodies piled up by now
If you meant it even 10% just sell and never come back! Otherwise start saying goodbyes to all friends and family.
lmao
But seriously, no.
Think about your goals. What is your timeframe? Do you think Bitcoin will be higher later in the year? JMO but I think one day it will be over $100k. I believe Haejin thinks so too. I also believe it will be a very rocky ride.
No. Don't panic. You are going to be fine. You might have to wait a few days for the BTC price to go over 11300. No big deal. Cryptos are very volatile. Methinks you acted too hastily when entering your position in BTC. If I were you, here's what I would do: once BTC goes back over 11300, say... 11500, sell 1/2 of your position and go buy real, physical silver and/or gold with the other half. Put that physical metal in your lockbox at home. This will greatly calm your nerves. And, hang onto the other half of your investment in BTC. Buckle up - it's going to be a wild ride. If you can wait it out for a few months, you should be able to exit your BTC position with a very healthy profit. Next time, do not invest more than you can afford to lose.