It was like 4 days of doom and gloom and the sky is falling, and now we're more or less back where we started. And the only thing that's different is that some people completely lost their shit and dumped all their holdings at a discount while the rest of us were like 🥱 hodl. And now I bet at least some of those panickers are bitter as they watch the price return to it's pre-dip price. Because if they want to regain their holdings, they'll need to buy them back at a premium. They should buy now before the price gets higher, and consider the money lost as an expensive lesson. The longer they wait, the higher the price goes, and the more expensive that lesson is going to be. Might as well just do it now.
Discussion
Yeah… this is the fire people must go through to learn. Happens every so often. Happened to me. I did this exact thing but in my case it was way worse 🤣
I learned a long time ago that when I'm panicked about something, and feeling an instinct to do something to relieve the anxiety, I need to stop and do the exact opposite. So, in the case of Bitcoin, if I'm panicked and feeling an instinct to sell, I buy. And that strategy for dealing with fear has served me very well. Because I know that I don't make good decisions when I'm panicked.
Yeah. Hodl long enough and you become numb to dumps and do the exact opposite by buying.