Post
Topic
Board Speculation
Merits 2 from 2 users
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Odohu
on 07/08/2023, 17:32:13 UTC
⭐ Merited by Biodom (1) ,JayJuanGee (1)
If you sweat every $100-200 move in the current btc price, then you are over-invested.
It is always advisable to invest what will not make one lose sleep. Those who follow that principle will not be perturbed by the current market condition because Bitcoin will always come out stronger and better. Instead of panicking, the best is to buy more at any opportunity provided you are in a good financial standing and that you don't need the money urgently.


BTW, Lawrence Livermore (as depicted/documented in the linked book) said that if you start thinking that profit in your investment would immediately "pay" for something, then Mr. market tend to punish you (almost immediately).

https://www.amazon.com/Reminiscences-Stock-Operator-Edwin-Lef%C3%A8vre/dp/0471770884
I have experienced this trading the currency market. The market do not really care about your feelings, your needs and whatever.... it has to do what it wants to do. Ours is to do what we think is the best reaction to the market, manage our risk properly and allow it play out.