Hi,
I fell for the fud today and I sold most of my bitcoin around the 6800 - 6600 EUR mark. It got pretty scary for me as I've not been around for the past mass dumps and i've usually had my bottom so far from the top that any dips have been nothing. So I was really tried and tested today.
I'm looking to get back in and I wondered if anyone had any experience with this and could give me any advice. Should I look to buy back in at a loss just now or do you reckon to wait for another dip?
I know no-one can see the future, but just from past experience has anyone wished they'd bought back in asap or waited?
We haven't even seen the latest bubble "pop" yet. There has been no "panic selling"... all we're seeing is very natural, steady deflation because Bitcoin has not added any utility to justify the enormous rise in value. I don't get you guys that are always jumping in and out... just sit out for awhile and start buying back in after all the hype has died down a bit more. I've seen way too many people come and go who think they're going to "day trade" crypto and end up getting burned. I've also seen people buy at the top of all these bubbles and lose patience. I would wait 6 months from now and then start buying at regular intervals, HODL IT, and forget about it. If you follow my advice, you will probably be much wealthier in 3 or 4 years. If you follow the advice of the other people here, you will have nothing but sorrow, because all they're looking for are "bag holders" to buy their stash.