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.
Excellent question, Shawheer!
Yeah FOMO trap could easily prey on newbies, They waited for a good entry point when the market dips, and finally come out by opting at ATH, fearing they could miss the next cycle... lol You know pro hodler always avoid such hype, their vision is only for long term, you know hodling a decent amount altast 1 cycle or 5+ years is enough to make your future, its a solid strategy I will say. So be like a calm hodler don't fall into buying/selling on emotion, buy the dips and hodl at least one cycle.