Post
Topic
Board Economics
Re: The panic seller irony
by
cryptocrusher
on 11/09/2017, 14:00:42 UTC
I almost did the same mistake, when I entered the crypto market and next week BTC dropped 30-40%. I stop checking charts and forgot about that. I do the same thing every time when the market is going down.

Exactly same here, now I have one advice to my crypto friends: stop refreshing markets, stop panic, stop selling  go to sleep...better for 3 days:)

Problem with BTC is -lot of BTC is not for savings...

In my first week of buying in to bitcoin (the second time around) the price dumped about 25% and all friends who I told that I was investing again were saying how silly I was that and I should just sell at this point and cut my losses. However like you two, I stopped refreshing, didn't panic and went to sleep. The next day the markets began to recover and now a year or so later all my friends who told me to cut my losses are looking pretty silly  Grin