Quote from: Latviand on July 31, 2023, 03:49:57 PM

Quote from: Cyberbex on July 31, 2023, 03:32:48 PM

If you guys have any tips , do let me know ... I would be very grateful for it.

Don't marry the bag, sell it when you know that you've multiplied your profit to a staggering percentage, you will always be able to get back to bitcoin even if you sell your bitcoin because the price will eventually correct itself so just keep a watch on what's happening on the market and the price of bitcoin so you know what to do next. If you're unfamiliar with the saying that I've said, I'm basically telling you to sell your bitcoin when the price is pumping and the sentiment of the market is that it's nearing the peak, aim for that peak when you sell.

This. Keep seeing people out here telling OP to hold on for dear life but are not really aware of a person's capacity to hold their bags. As for someone like him saving his ass during bear market seasons is just as important as actually holding his bag. Doesn't have to always apply to taking profits, it's more important when you're looking at a loss. And in that regard OP should look into learning about how the market works, and how charts are being read so he could study the market and devise good predictions that will help him get by.

Most of all OP, take it easy. Most of us here lost more than what we could've assumed and if not for us staying strong in mind we wouldn't be here anymore, tanking a loss is pretty nasty, but not coming back from it is even more. Don't beat yourself up and quit after your first loss, carry on and learn to be a better investor!