Quote from: BeManga on February 06, 2018, 06:18:20 AM

Quote from: Cnut237 on February 02, 2018, 09:27:24 AM

For anyone who is panicking at the market-wide price drops, please don't! There is no reason to panic. Look long-term, don't look at price charts over the last week or month, look at them over the last year and see the pattern of rises followed by pullbacks... but the course is always upwards.

If you're new and bought in during December and now see huge losses... the worst thing you can do is sell now. Prices will increase in the long term. The current dip is just a correction to the wild excesses of last month. Don't panic!
If the prices you can see now are lower than the prices that you bought in at, then the best thing you can do is buy more. Why? This will lower your average entry price.
If you bought bitcoin at $16000 and see it now at $8000, the course of action is clear: buy the same amount at $8000, and your average entry point is no longer $16000, it's (16000+8000)/2=$12000.

Don't sell, buy!

other people dont have the same amount to buy again when the price drop
price is unpredictable price drop always happen in bitcoin. the best thing they need to do is HODL

although we don't have the same amount to buy, we still have the same opportunity to buy bitcoin and if you still don't want to buy bitcoin just in case the price drops again, you could still hold your bitcoin until it increases back later. I agree that the price unpredictable and many of us doesn't predict that the price could drop until $6k but it's really happening now and I think we need to break for a while after so many drops since November until this February.