Re: If you got emotional about the dip today, you need to manage risk better

Dips and rallies is part of investing, it happens in every asset class except t-bills. If you got stressed out, you probably need to diversify your portfolio to appropriate allocations for your risk tolerance. A 100% cryptocurrency position is bad strategy, or no strategy at all.

Not everything will rise forever and that's why a dip has to happen which we've seen today. But after this dip, we'll see the next recovery. That's the usual thing that happens for bitcoin. And look with those mainstream media publishing that an expert says(U.K FCA) that crypto investors will lose a lot of money.

Crypto investors ‘should be prepared to lose all their money,’ top UK regulator warns

Isn't it timely that these articles comes out when the dip comes? Roll Eyes

The strategy of listening to the bad news makes other bitcoin holders initiate panic selling.

They were waiting just that I am afraid. I have read it right before you posted it and I had a similar view: I saw this game back in 2013/4 and again in 2017/8. Nothing new, journalists need to get readers and clickbait on a daily basis.

Yes, they usually get more engagement and traffic by doing some that kind of sense for their topics. A clickbait and at the same time, they're making their readers go into the panic. And as a result of it, many again have lost who have bought at the top and sold when it dropped.

Just as today, we're back to $36k real quick.

Quote from: jimmywh on January 11, 2021, 02:35:46 PM

I have bought at both 25k, 30k, 35k and 40k. Without the slightest regrets. I have done this from an investors pow, not a traders pow.

Good for you if you've done that. There are buyers that regret what they've done because they don't have a clear plan and vision for the future.