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.
If bitcoin hits all time high, I don’t think their is anything to react to, if you have been in crypto space for some time, then bitcoin hitting all time high should be something normal, am sure people that have been in crypto space for some time will have seen bitcoin hit all time high different times, so they will have been use to it already.
If bitcoin hits all time high, and you decide to short, then you are wrong, because you don’t really know the price that bitcoin is going to hit before correction to happen, if you decide to short it, and price keeps on increasing, then you going to be losing money, and that’s why you are suppose to stay away from future trading as a beginner, bitcoin hitting all time high shouldn’t be the reason for you to short.
If you are holding bitcoin, and you see that bitcoin hits all time high, then what you should do is just to keep on holding, I don’t see anything special in bitcoin hitting all time high, all I see is bitcoin getting to a particular price, and that’s a sign that bitcoin is growing, so if you having more money to invest, you can still decide to buy, and if you don’t, then just keep on holding what you have in your wallet.