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.
Be a strong Bitcoin holder and commit to your long-term goals. If you know the Bitcoin price will continue to rise, every dip, panic, and so on will strengthen you because you believe the price will eventually rise again, and continue to rise, regardless of Bitcoin's track record.
However, I understand that good advice sometimes doesn't prevent beginners from panicking and selling when the Bitcoin price rises or reaches a new ATH. That advice is what makes them strong and will make them better. But at least you trusted the advice of those with experience because it was good advice, and at least you didn't sell your Bitcoin at a loss even though you didn't have a strong hand. When you try again, you'll put that advice into practice because there's no limit to investing in Bitcoin even when the price is high, and you'll still profit if your goal is long-term.