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?
$23k to $25k is not a problem because in my opinion that price can still be achieved in the short term,
especially if you look at the data for October bitcoin is always bullish so there is a possibility that $25k can be reached again next month,
just hold on and don't sell cheap if you don't want to regret.
I agree with you buddy, that to be able to reach the price of $ 23-$ 25K will be achieved in the near future.
but will it be achieved in October? looks like it will be hard to come by and it will still take a long time, especially now that we are entering a crisis that has occurred in many countries which will obviously have an impact on bitcoin as well.
if the funds used by the op to buy bitcoins are also funds that will be used for short trades, obviously you have to buy when bitcoin drops again, so that when bitcoin returns to the initial buying price, you will get a hefty profit.
but if you still have other funds, there is no need to panic, because the losses experienced are only a matter of time, it may take longer, but remember the halving period even though it is still quite long, but it will definitely happen and we know that that's when bitcoin will increase.