Post
Topic
Board Trading Discussion
Re: The Legendary Forumla of Dip = Opportunity
by
TheUltraElite
on 08/06/2022, 14:43:11 UTC
enjoy your loss LOL
Fellow member, you are a mean dude! Cheesy

Quote
It's not that I don't feel empathy, but yes, what else should you do if you sell Bitcoin at a loss? Shouldn't we sell it at a loss? Why should you panic and not just hold on?
Often the faith in the future of bitcoin is not solid for traders whose entry was in a hurry, trying to catch the sudden profit. During such times they sell at a loss. This is why experience in other speculative markets and dummy trading in the past is needed to prepare a seasoned trader.

You're right, it's a hard pill to swallow when you see your portfolio in red, however, why not take that opportunity to continue to accumulate and fill out your bags with cheap bitcoin?
Seeing a portfolio in red is a concern. But everyone has their own coping methods. Those who have this are the ones who survive a long drawn bear market. It helps having saving at hand and not having invested more than they could lose. Additional investments in other market which may fortunately be green gives relief too. After all buying more may not always be possible because those liquid funds are also finite.