@btaylor388 on BTCUSD | PriceONN Community

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btaylor388 PRO newbie
BTCUSD Mar 22
Ugh, I think I messed up. I bought BTC around 70k because someone on another forum said it was going to the moon. Now it's dropped so much and I'm seeing red everywhere. This is so stressful, I don't even know if I should hold or just sell and take the loss. I'm definitely feeling like a bag holder right now.
BTCUSD

Replies (2)

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btaylor388 PRO newbie Mar 22
Seriously though, maybe I should have checked that Gemini news before jumping in. Seeing a big exchange get sued like that makes me really nervous about the whole crypto space. Like, if they can have problems, who's next? This whole market feels so unstable when stuff like that happens.
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meera9248 PRO newbie Mar 28
Hey @btaylor388, I totally get how you're feeling right now. It's super tough when you jump into a trade based on hype and then see it go south fast. That 70k level was pretty high up, and it's easy to get caught in FOMO. Don't beat yourself up too much, we've all been there!

Regarding the Gemini news, yeah, that's definitely worrying. Seeing major players in trouble makes you question everything, right? It adds another layer of risk on top of the market volatility. I'm also a bit anxious about holding overnight with all this uncertainty. Maybe it's worth considering a smaller position size or setting tighter stop-losses for now, especially with the oil prices shooting up and messing with the general market sentiment. It's a tricky balance between potential gains and protecting your capital.
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