Quote from: magneto on May 19, 2021, 12:10:27 AM

Quote from: Armani123 on May 17, 2021, 03:44:54 AM

My oh my! Since a few days back my blood pressure has being spiking higher and higher, seeing the price of Bitcoin doing a freefall. I know its prudent for an investor not to panic when the market falling, but I can't help myself starting to panic. I believe that it'd be sensible for me to sell all of my Bitcoins and wait for a suitable time to reinvest.

Lmao, this post is like the embodiment of weak hands. Not even a -30% dump and already panicking like crazy.

You should be honest with yourself in terms of why you're holding bitcoin in the first place. If you can't answer that honestly, or if your answer is merely to make money in the short run, then I do think that right now is probably a great idea to cash out.

That's not to say that BTC won't go up in the long run - it is almost guaranteed to, but if you don't have a valid investment objective to begin with, you're simply going to panic sell when you get an even worse price following a dump.

Do not be so hard with the guy, I know that the first time I got to see a drop in the price like that I was still relatively new to the market and I got scared as well, this is a trial by fire, you either endure it and get stronger because of it or you leave the market and never comeback, either way he is going to learn a valuable lesson about himself, I personally hope that he endures it as I do not like to see newbies coming to the market and then get crushed immediately, and if he survives this then I can assure you he will become a holder and get strong hands to the point no drop in the market will generate a reaction on him anymore.