Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
As a newbie entering during the April crash, this was not my mindset. But maybe I am an exception. I saw the price crashing -- at first I jumped in, thinking it would shoot right back up. When it continued to fall, I turned around and panic sold and lost half my fiat. As I watched the price plummet I sat on the sidelines, even after an obvious bottom. Fun times to look back on!
I recall the long verification queues as price crashed.....
I think the long verification queues were responsible for the very short bear market. Each should be shorter . . .
I have to admit that I can't put myself in the position of the newbie. I would think that many would look at charts and realize we won't be shooting back up right away and take their time with being wise, maybe not. Some will I am sure. In April we only had the one previous major crash to go on, and I too sold more than I should have, and sat on the sidelines for too long with that cash.