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?
At the price of $ 18k you can increase the amount of Bitcoin balance. Then you sell at $20k, and buy again at $18k. In no time the loss amount you bought at $23k will be covered by the balance you bought at $18k. But don't sell all of it, just hold some of it until the Bitcoin is actually pumped.
It is true that this time isn't perfect for selling. It is time to increase our portfolio by buying more Bitcoin. I hope Bitcoin will rise to grow again within short possible of time. I'm expecting that we will be able to cut good amount of money in the early November if we buy Bitcoin at this current stage.