Post
Topic
Board Speculation
Re: Panic sellers are once again hating themselves
by
DispatchLabs
on 17/02/2018, 04:32:52 UTC
$10k is broken and with this a lot of messages of people that sold at below $6000 trying to "cut their losses". Mostly because a lot of people was about to go bankrupt as their longs got liquidated. And with this, also came the super bears expecting $1000 a coin again, so they put really aggressive shorts, of course, only to get destroyed by the current recovery.

Lessons to learn for the noobs: Never panic sell, never margin trade, you can FOMO if you are here for the long term (5 to 10 years) since it doesn't matter if you bought at $20k or at $5k as BTC will be worth millions eventually.
I spend more than one year with bitcoin and I was well aware with this situation and never sold. I remember the time when one of my friend asked me that the price is going to go below $6000 and we have to sell but I told him that no matter how much the price go down it will reach back to its highest value and will go more and now he is happy.

Your friend is lucky to know you.  Good advice!