you're afraid to lose. wait, come back i was mostly kidding, just hang on for a second.
You really shouldn't be putting in your life savings, but i'm not here to lecture you. My personal portfolio is down a metric fuck tonne but i'm chill.
For every major rise, there's a major correction ie, the market will drop, sometimes dramatically. It needs to find it's place again. So in December 2017 Bitcoin went up from 15k AUD to 27.5k, Jesus H Christ that's insane! so...was Bitcoin worth 15k or 27.5k? more than likely somewhere in between. It'll bounce around a bit until it settles.
But, people who FOMO'd bought in on the rise, probably paid too much, then panic sold as they saw it drop again.
Likewise, people who bought low sold on the peak for profits, causing a drop, which spooked the wildlife and caused the panic sell. Think of the weak hands that panic sell as deer that should be shot for grazing where they shouldn't.
That was harsh, maybe not shot. Tied up and beaten a little then released.
Bottom line is this. we need the market to correct, so it will rise again. People aren't going to buy when they see the market tanking, if they do, see the section about deer. Smart people will wait for it to bottom, stabilise, then they'll buy in causing a rise.
The media is causing a massive FUD with false news, the whales are rubbing their hands together (and probably their cocks) with glee, waiting to buy at the low as these panicked deer are fleeing.
Don't feed the whales, instead we should be harpooning the fat pricks.
