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.
Just because Bitcoin has made a new ATH doesn't mean that its price won't increase. Those who are suffering from FOMO should calm down and hold on to your holdings. You can get much better than that if your time frame expires. Because the potential for profit from Bitcoin is much higher in long-term investments. A real investor will never sell all their holdings, they will always hold them for the long term. If their time frame expires, they will sell some of their holdings and enjoy it.