Post
Topic
Board Speculation
Re: Bitcoin in Freefall, What to Do?
by
Lanatsa
on 29/11/2020, 18:57:55 UTC
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?

When it comes to be bitcoin; you need to understand that you have to be consistent; anyone that dares to be emotional about bitcoin will lose several $ and not recover from the loosing position. My question is what do you know about bitcoin? that you panic in sight of mere price corrections so easily. Understanding why you are investing in crypto currency and don't lose your guard.

When you do know on what you've been doing then you wont really be stressing out yourself into the possible cases that you might really able to experience.

You should really get yourself prepared into things because price can only have two paths neither on greens or deep reds.You should really get used to it because

if not then you would really be getting that shock and frustration.Drops like this can really happen from time to time that's why we should really be wise on securing
our spot on cheap price and try to accumulate and taking these chances but of course that will vary into your own risk management.