I think I made a mistake buying at $23,500 (obviously), so when should I really start to panic now that we dropped to $18K?
At what price point now should I consider to add more to average in at? Like, if you owned a bitcoin at $23,500, would you wait for $10K or 15K to start adding more to average in your high price of $23,500?
Either you are new to this Crypto industry or really impatient dude.
I mean what’s the use of panicking? It’s normal Bitcoins to fall in it’s price. If you don’t know how the market works then better you should avoid money investments.
You are fearing and that too when you have BTC in your wallet. Just do a quick search on the internet about the marketcap of Bitcoins. That is enough to prove Bitcoin’s power my friend.
Just don’t panic always. Hold the coins for at least a month and then see the profits.
He didn't clear it but I think what he really mean is to panic buy and not panic the other way because if you notice on his second sentence, he wants to know if which price is best for accumulation. We all have our own desired price for buying a btc. Some will buy regularly like per month and they don't care if whatever the price of btc is, while some will wait for a price that was lower than their last buying price.
OP should figure his own once he gains some experience in this field but the best thing that he can do for now is to follow your advice of hodling his coins for at least a month. I think after it, he already knows how to react in different situations or scenarios in this market.