Post
Topic
Board Speculation
Re: Purchased at $23,500, when should I start to panic? When should I average down?
by
jaberwock
on 02/10/2022, 18:10:31 UTC
We should not set too many expectations to avoid being disappointed too much later, but we as investors should always have an optimistic spirit, sometimes optimism will bring us excitement and stay awake to hold bitcoin. For me, October is usually a better month for the market, I do not dare to confirm that this October, the market will be filled with green. But personally based on my analysis and a little bit of emotion in it, I believe we will have some rally in october and the price can go back to previous $25k to 30k la when there are more declines.
Maybe you are one of those people who are like that but you already learned your lesson and you are now giving advices for others to avoid the same mistakes as you did though I think that having an optimism can still be link as having an expectation.

You are are optimistic to buy and hodl a coin because you are expecting that your coins will grow huge in the future but I am with you when you say that October is a better month than being the worst because I've also witnessed some years where the price starts to get better by the time the month of October comes. Even the price just cross $25k this last 3 months, I think that's already better because at least we know that btc still tries its best.