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?
That's just unlucky man. You simply never sell at these sorts of low levels because there hasn't really been in the history of bitcoin 3 or even 2 straight days of bitcoin crashing by 15% or more. It just has a very low probability of happening.
Right now, since the price is still under $9k, you could certainly buy in some. The loss you're taking in will be something around $200-400 per coin based on current prices, but that's not a lot when you convert it into a percentage.
Buy with half your funds, leave the other half for buying in case price goes even lower.
Learn the lesson from this mistake - don't trade with your emotions. When everyone else is telling you to sell because it's a bloodbath day, it's not a good time to sell.