This year 2017 has not been favourable to those that buy bitcoin in 2017, ended and are still holding. Bitcoin is in a state that we have not expect as many investors and speculators were saying bitcoin will get to over $50,000 this year. We should still holding as selling below the amount we buy is selling out of pain and frustration.
pain holding bitcoin is temporary and eventually it will subside, if you quit holding it youll lose forever and someone will takes its place to succed, the key lesson to this is that just invest on a amount that you can afford to lose
well, we should all be prepared for this. we know the price of bitcoin is indeed unstable, the high price makes us complacent and restrained until now. well, maybe this really hurts, but, this has become a risk for each type of investment
If most people understood the risk before venturing into this space in the first place, I am sure they will not be caught up in FOMO. I remember sometimes last year when the market started with the bull run, a lot of people were happy and when the market was hitting an ATH with the bull run towards the end of the year, a lot of people tried preaching it here that newbies should be careful going long when the market is overbought, but they just decided to go with their guts based on greed, and one thing in life is that when you make a decision, you should always be ready to live with the decision you have made, and when you know you have made a mistake, learn from it and find ways to do things better next time.