Re: What exactly do we call this feeling of to hold to zero or sell at loss?
I’ve been staring at my portfolio since morning, going through my head is to hold to zero or sell at loss? Do you think this is the end for Bitcoin or we’ll reach a new ATH after this downsize?
I think, HODL of course, because it's not the first time all crypto market is dumping like this...
Breaking the zones we did yesterday felt a lot like the (start of the) drop from 6k to 2.9k we did back in 2018 - this is probably a reflection in the strength of crypto but is still likely disappointing for new investors.
If you're going to get obsessed with the prices of things, you're definitely better off holding.
If you've got an extremely strong level of self control and a good amount of confidence in crypto only then would I consider selling and moving funds out for a short time (perhaps into a diversified equity fund).
Let this be a lesson to all that claim btc is a store of value.
Store of Value don't fall off a cliff like btc.
Store of Value don't fall off a cliff like btc.
By this logic nothing is a store of value (gold fell off a cliff around the same time, oil did similar at the start of the pandemic and might still be doing in some cases).
Gold has lost only ~$44 right now and is already heading backup up.
BTC lost ~$38000, in ~1 year and still heading down.
