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.
You should have known the price volatility of bitcoin before you decide to invest. That way, you will be aware that panicking will never be helpful at all. However, investing in bitcoin is mostly profitable than seeing it as more of losses. But if you keep on fearing and panicking every time bitcoin price drops, then expect that you will never experience profits as it takes a lot of courage and patience before you will gain profits.