Re: Why You should worry about BTC price action

Quote from: qwertyup23 on July 06, 2022, 11:48:09 PM

Quote from: NeuroticFish on July 05, 2022, 09:43:49 AM

Good chart, good analysis, bad title Wink

I think / hope that you've meant "why you should NOT worry...". Everything points to the direction that we should NOT be worried (well, everything except the title lol)

Hahaha you're right! But to be honest, it is entirely normal for someone to worry about their investments especially if they contributed thousands to millions of dollars as their capital. This means that the slightest increase/decrease on the price of BTC would mean a profit/loss of thousands on their end.

While not worrying may sound easier said than done, the only choice that we have right now is to trust and HODL. In addition, always have a contingency plan on your investments on determining the maximum amount of loss you could garner.

Worrying is natural however what we need to avoid is to fall into a state of panic, after all we know that a recovery will happen, however it is still far away which means that we are about to face some very difficult months, and unfortunately even if a lot of people know that the recovery will come and that they need to hold no matter what they will simply be unable to so for that long, since they will not be able to endure the long months of the price remaining static or even dropping even further.