Quote from: FightThePower on February 27, 2020, 05:49:23 AM

Today I'm thinking of selling my BTC even though it would be a big loss right now I've been with BTC a while and used to the volitility but this time I believe it's different

I was a believer in BTC and the future of crypto I believed having 1 or more BTC was a smart thing to do that many would look back in 10 to 20 years wishing they'd bought some when it was still obtainable by the regular Joe.

Now I feel that BTC will trend down hitting sub 1 dollars prices possibly even 0 over the next 12 to 18 months. the current coronavirus outbreak has been BTCs first real test and it failed hard and failed immediately. It's not a store of wealth and its failure to hold value in a economic down turn is spectacular and visible to all. Today I think BTC is a failed experiment. What are your thoughts?

The problem is that you though of Bitcoin as a get rich quick scheme, because you've read countless articles in major media, about how early investors managed to make a lot of money in a few months. You've finally understood that these returns are impossible now and that you've missed out. What you shouldn't miss again is the opportunity of smaller profits and a chance to double up. My guess is that you bought at $10K where many traders were taking profits, and many influencers were telling you to buy as price would go vertical. Without trying to judge you, I am sure that you sold at the bottom, probably at $5k, validating the first rule of trading: Buy high, Sell low.

Dildo Shwaggins

Posts

Merits