Post
Topic
Board Speculation
Re: Panic sellers are once again hating themselves
by
LFC_Bitcoin
on 17/02/2018, 08:16:10 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.

It’s the same cycle every couple of years, noobs & panic sellers (the same thing sometimes) are embarrassing. All you have to do is look at the life long chart of bitcoin prices. The price always recovers, it’s a near certainty. HODL for a few years from now & you will be greatly rewarded.