Quote from: TCortese on July 11, 2017, 01:08:16 AM

Quote from: mjglqw on July 11, 2017, 12:26:16 AM

If you've been really trading for more than a year, you should definitely know that this drop is only going to be temporary

I've watched a few $100 drops before, but a few things are different this time:

A) I never held enough for it to affect me too much
B) My alt bags used to pump when BTC dropped
C) This is REALLY starting to feel like a bubble

It's the last one that killed me as I'm not sure how the bursting of said bubble would affect my bags long term.

With that said, I think it's a mistake to assume BTC will do nothing but rise in the future.

Yes, it was a huge error of thought on your part to have reasoned that way. Every businessman makes provision for loss such as what you are experiencing now. It's part of business and a crucial part of profit making/sharing. It shouldn't be all rosy at all time. Even with the current position of the cryptos, it is most likely the coins will further depreciate till the end of July.