It is usually more profitable to buy when others are selling. Sometimes this is trading short term and sometimes it is long term. In either case, it is important to understand when you are comfortable with a short term trade and when you should reconsider.

There are a few things that any kind of investor, whether a trader or investor, needs to keep in mind. Perhaps the most important is to assess where you are at this moment and not get caught up in recent events. It is worth pointing out that Bitcoin did manage to recover. Perhaps because of that, it is a bit easier to look at it with a more positive lens.