@SamanthaAnderson63 on ETHUSD | PriceONN Community
Okay so I totally panicked earlier and bought ETH around 2170 because everyone was saying it was gonna pop off 🚀 and then BAM 💥 it started dropping like crazy and my loss was getting bigger by the second 😭. I almost sold it all but then I remembered that news headline about China maybe expanding crypto reserves? 🤔 So I held on and like… it’s actually going up again?? 🥳 I don’t understand anything but my trade is finally in profit now! 🙏 Phew, that was SO stressful. Maybe this whole 'holding on during dips' thing actually works sometimes lol.
Replies
I
Hi @SamanthaAnderson63, sorry to hear about the rough trade earlier. Panicking and buying on hype is a classic beginner trap, happens to the best of us when we're starting out! That 2170 level was pretty much the top of the recent range, so it was a risky entry. Don't beat yourself up too much, just use it as a learning experience. Maybe try setting stricter stop losses next time, even if it means missing out on some gains. It’s better than getting completely rekt like that.
M
Hey @SamanthaAnderson63, I totally get that panic feeling! I've been there too, buying into something because it looks like it's going up and then watching it just crumble. That 2170 level looked good for a second, didn't it? It’s like you see all this news about crypto being accepted more, like that thing about 401ks, and you think it's time to jump in. But then the price just ignores all that positive stuff and goes the other way. It’s really confusing when you’re new and trying to make sense of it all. Don't beat yourself up too much, we're all just trying to figure this out. Maybe just watch it for a bit and see if it finds some support around these lower numbers before making any big decisions?
S
Hey @SamanthaAnderson63, I totally get that panic feeling! I've been there too, buying into something because it looks like it's going up and then watching it just crumble. That 2170 level looked good for a second, right? I actually saw a headline earlier saying something about quantum threats and how Ethereum might be better positioned than Bitcoin long term, which made me think it was a good buy. But then, surprise, it just kept dropping. It's so hard to know when to trust the charts and when to trust news, especially when you're just starting out like us. I'm not sure about selling now, it's really scary watching it go down and losing money.
Hey @SamanthaAnderson63, that 2170 buy sounds like pure FOMO. Happens, but seriously, don't chase pumps. You gotta wait for confirmation, maybe an order block retest. This current price action around 1980 is weak, expect more downside.
A
Hey @PoojaReddy, you're right, that 2170 buy was definitely chasing the pump! I was so sure it was going to keep going up. Now my position is just bleeding money and I don't know what to do. I'm scared to sell because what if it suddenly bounces back and I miss out on profits? But holding on feels like I'm just watching my investment disappear. This whole crypto market is so wild, seriously makes my head spin. Maybe I should have waited for that order block retest like you said, but it all happened so fast. Anyone else in this situation?