Hi Everyone,
BTC has Hit a new All Time high ATH. I Thought I'd share my thoughts from beginners perspective and ask what experiencesd members think. As BTC has hit an ATH That becomes a tremendous news For the early Hodlers and investors. But what about The Newbies?
In these situations most Newbies become prey of FOMO and lose most of their capital. They think it has Hit an ATH and will go for a Pullback and they Short. But it continues to Rise higher.
So I want to know how to react to this market and what do Hodlers do in these situations. Do they Sell, Hold or Buy More. How can we Newbies save ourselves from FOMO in this situation.
Will be really thankful for your advices.
The newbies could become "prey of FOMO" only if they panic and sell when the price crashes. Just don't panic and you will be fine. There might be price corrections here and there and there's nothing wrong with a price correction, this could be great opportunity for accumulating more BTC.
The mid term and long term predictions about the BTC price are bullish. Some expert say that the Bitcoin price might hit 135K in September and 150K USD by the end of 2025. Nothing is guaranteed and there might be a price crash, but the overall situation on the crypto markets is good.