Post
Topic
Board Speculation
Re: Purchased at $23,500, when should I start to panic? When should I average down?
by
Kelvinid
on 28/09/2022, 12:52:34 UTC
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?


Not that I think it was a big mistake that needs to regret but it was accepted being in the wrong timing because we never know if the market will pump after buying. Because even if you are good in TA, sometimes you fail and this means that the market is unpredictable. You will just get worried if the price of Bitcoin will reach $10k but as it was still above it then, I suggest make yourself calm and have some space in crypto. Better not to think about your investment as this time as this will certainly bothering you and might think about selling which could make you lose.