I’ve seen this twice before... If you’re really thinking of selling, wait for a couple of days when it’s bouncing back. It could bounce back to 36k - 38k and give you a chance to sell at a better price. If it doesn’t... We’re f*cked anyway. Lawl.
Panic selling is common in the market, because it is better to sell it than to be stuck at high prices, traders usually buy back,
this is my conclusion because from the strategy I did like that, if the support drops and the bearish sentiment is stronger then selling is an option , and buy back when the price is low your coins will increase from this strategy, think about the risks before trading, then you will be safe.
Panic selling is an emotional, spontaneous reaction after an asset’s price surges down. It surges down because of other panic sellers, and cause their own failure to HODL. My anti-panic selling tip, send all your Bitcoins to cold storage. It will take more steps, giving you more time to think, than simply pushing “sell”.
Im with this and i actually realize this wayback when im still a newbie.I do have that target on accumulating bitcoin as much as i can but since i do check out things or the market on active manner
then this one will really provoke me out on selling out my posessions in a very early manner just because i do saw that the price is shrinking.
One of the most common mistakes is that actively seeing the price will really affect your brain and might really be changing up your decisions basing off on your current emotion.
Dont panic? This is a common suggestion or advise but this one isnt something that can really be avoided easily no matter how disciplined you are but still that kind of pushing you
to do so would be still present to everyone.Its a matter on how well you do control yourself.