I admit that the dip shocked me at first when I woke up in the morning and casually checking the crypto charts on Coingecko. This -7.7% drop scared me.
1 week ago I was telling myself that I hoped for BTC to drop a bit from $44k, so that I can go buy some.
Now it is the time, BTC dropped to $41K....did I buy?
Nope! I am too scared now, because I expect it to drop even further.
"The correction isn't over yet.", "The Santa rally is over now.", "Tax loss harvest time is starting right now, people are selling!", "I will buy later at better prices".
All those thoughts above, yes, they are mine. Thoughts that prevent me from buying. The exact same thoughts that prevented me from buying crypto after the FTX crash (the bottom of this crypto cycle).
Now I'm sitting since then on a pile of cash (to all nigerian princes or "hot" women to DM me: no, I am not a wealthy woman!). Instead of having made profits, I made nothing. Still holding the bag since mid 2021.
The lesson I learnt: DCA and don't care about fluctuations of this rollercoaster crypto market.
[link] [comments]
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments