So bitcoin is down $3,000 today and it seems to be getting worse. Do you think this will be like 2018 again when it went to $18,000 then tanked and went to as low as $5,000 in the next year or so? What would you do in a situation like this now or in the future?
As soon as Bitcoin went slightly past $19K and the momentum dropped, I kind of expected a correction to happen. This happens all the time in markets. Now what matters is your strategy and your entry point in the markets
1. Anybody who bought BTC along ago at $3k wouldn't be bothered by the dropped as compared to someone who bought it recently at $10K or $14K
2. If you were in for short term, you should have sold off at as soon as momentum dropped at $19K and waited for the deep, It's obvious there's going to be very strong resistance on Bitcoin's way past $20K because it's a historic level.
3. If you are in for long term, then there's no need to be bothered at all, $20K will be breached. What matters is, how long patient you are willing to be.