Bitcoin down from 18,000$. Heading towards 17,000$.
Possibly 16K or 14K.
See.. when Bitcoin was rocketing upwards towards 20,000, how euphoric it felt, everybody felt like they were missing the boat. Now, what do you feel when the market is crashing? FEAR. You feel like.. Oh, I did the right thing not jumping in the ship. Or, if you have bought around 18,000 or 19,000, you are thumping your forehead now! Just be patient. Even if Bitcoin goes down to 9,000-13,000$ range, we have a overall upward trend.
This is what called Risk averse psychology. People hate being afraid and taking the risk. It's not just Bitcoin, generally most people can not handle uncertainty and fear in almost every aspect of their lives, but they are also greedy at the same time. Basically, we make poor decisions in the process.
But we will have to master our fear through failure and learn the art of the deal and risk management.
So, HODL if you don't know how to short. Just dollar cost average if you don't like uncertainty.
Possibly 16K or 14K.
See.. when Bitcoin was rocketing upwards towards 20,000, how euphoric it felt, everybody felt like they were missing the boat. Now, what do you feel when the market is crashing? FEAR. You feel like.. Oh, I did the right thing not jumping in the ship. Or, if you have bought around 18,000 or 19,000, you are thumping your forehead now! Just be patient. Even if Bitcoin goes down to 9,000-13,000$ range, we have a overall upward trend.
This is what called Risk averse psychology. People hate being afraid and taking the risk. It's not just Bitcoin, generally most people can not handle uncertainty and fear in almost every aspect of their lives, but they are also greedy at the same time. Basically, we make poor decisions in the process.
But we will have to master our fear through failure and learn the art of the deal and risk management.
So, HODL if you don't know how to short. Just dollar cost average if you don't like uncertainty.