Sorry for that. But you could end up much worse. Some weak-hands are selling with more than 50% loss.
RE: Is Bitcoin Overpriced? | Bitcoin TA
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Is Bitcoin Overpriced? | Bitcoin TA
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I am a latecomer to the hype and speculation from October to December 2017 when it peaked at $20,000 - I thought the fall is just temporary on January 2018 and onwards due to my reading of articles predicting exorbitant rebounds of even up to 50k per bitcoin.
Luckily for me I did not buy at the 20k level.
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Congrats. But I still think that in the long-term, buying at - for example - 16000 USD is not really a bad thing. You just need not to worry about your investment and try not to unnecessary speculate on BTC price. As many people say... invest only money you can afford to lose. I know it is hard to resist to those news talking about Bitcoin going to zero, but your emotions are not reasonable and these predictions are definitely not realistic, just as those talking about 50K at the end of 2017. To newcomers, I can only recommend hodling (maybe it is a good idea to sell it back to USD when the market is up, but again... there will be your emotions playing a big role, they will try to force you to stay in the bullish market... but you have to sell your BTC sometimes - if you are not so enthusiastic that you would rather wait for the world around you to accept BTC)
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You got a 11.33% upvote from @emperorofnaps courtesy of @samotonakatoshi!
Want to promote your posts too? Send 0.05+ SBD or STEEM to @emperorofnaps to receive a share of a full upvote every 2.4 hours...Then go relax and take a nap!
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