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!
yes I agree there isn't reason to panic. looking far ahead for bigger opportunities
the fall of some time ago coins actually opens the opportunity to invest more.
yeah! we can buy it cheaper and sell it when the price of pump again
this is proven now some coins are already
greenthose who buy when the price is
red. boom !, now see the effect
it is so fantastic for those who are patient
Wow! the addition at $8000 again means your have lowered average entry point at 25% from (16000-12000 = 4000);
4000/16000*100=25%
i like it !