Re: How much of drop in Bitcoin price is enough to convert you to weak hands ?
How much drop in Bitcoin price in 24 hours is enough to convert into weak hands ? We all have some trigger point ? Even if you are a firm believer in crypto, it can be hard to remain invested if there is major correction in price over very short period of time .
Hmmm, that's a really good question!!!Becoming a weak hand depends on the buddy. When I first got involved with Bitcoin, whenever the price of Bitcion corrected by 5% or 7%, I used to panic and sell because of fear, but now I am completely convinced that we don't have to being weak hands in fear and panic time, we should buy more instead of selling. So it doesn't matter to me whether Bitcoin does a 40% correction. I have already made a plan when to sell, i means I try to sell out at the peak of a bull run and grab the next dip...
So for me 20% or 15% is just normal in the current market. So we need to stay calm and just wait for the right spot to grab more Bitcoin.
