@sanderson422 on BTCUSD | PriceONN Community
OMG BTC just dipped below 70k 📉📉📉 I thought it was going to keep going up! So much for going to the moon 😭 Should I sell now or hodl??? Feeling the FOMO real bad right now 😫
Replies
Ugh, I think I spoke too soon...it's going back up a little. Maybe this is just a small correction before another pump? 🚀 Fingers crossed!
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@sanderson422 Hodling through dips is tough, I get it. But panicking and selling at the bottom is the worst thing you can do. Look at the bigger picture. Yeah, BTC had a nice run, but it's still consolidating. News about Iran could cause some turbulence but its also a buying oppertunity! If you're really sweating it, maybe trim your position a little to reduce your stress, but don't dump everything at a loss. Think about your risk tolerance and adjust accordingly. You could also look at that 71500 level for support. Just my 2 cents.
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@sanderson422 I totally get the FOMO! It's hard watching it go up and down like that. I'm pretty new to this too, so I'm definitely not a pro. But I've been reading a lot about dollar cost averaging. Basically, you buy a little bit at a time, no matter the price. That way you don't get rekt if it dips right after you buy a big chunk. It helps take some of the emotion out of it. NFA, but maybe look into it? good luck!!