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?
Market conditions have improved several times since the price dropped $18K. The increase is not very high, only a price change of $2k, or with a price increase of $20k, then you can already make a profit. But if you just leave Bitcoin in your wallet, of course to get back $23k, it will have to wait a long time. Because the current market conditions are bearish.
If you could play with the price movement or volatility then you could actually make profits and able to compensate or patch up with those loses which it wouldnt really be needed for you to wait up for a
very long time before you could really break even with your purchase price but if you cant bare up with the risk or not able to play with those volatility then you could really still have option on not to
do something or anything but just simply wait for the recovery.Selling on loss is never been worth, we know that it wont be that simple whenever we do see our portfolio
is going down but you should really make yourself have good control of your emotions.