Remember this. If you sell now, you will take a loss. But if you look at the bigger picture, like the fact that we are now in the same price range that we were in only 3 months ago. On November 13th, the BTC open and close prices were under $6000. That is less than 3 months ago!!! The shocking fact is that BTC actually made it up to $20k so quickly. This correction is not a surprise. It is not a crash. The "Bubble" has not burst. This is a perfectly healthy correction after a MAJOR rise to the levels we saw after christmas. I actually hope that it keeps falling. Because I know that every dollar that drops right now will be a dollar profit for me when it bounces back. I can promise one thing. When this trend reverses and the impulse buy begins, the prices will shoot up faster than you can possibly keep up with. Because EVERYONE will want to get in and ride the wave back up to the top. And I can also promise that everyone who panic sells now, at a loss, will buy back in on the way up. So you have to decide, are you going to take a loss by selling now, just to buy back in at a higher price when this thing bounces, or are you going to hold what you have, and fortify your position by buying more so that you can take the profits from this amazing opportunity to gain some serious percentages? Think about these numbers, because math never lies. If you bought one bitcoin at $12,000 a few weeks ago, you can sell now and lose $4000. Or you can hold and make $8000 when it goes back to $20,000. OR you can buy another at $8000, dropping your total cost to $10,000 each, and you can make $20,000 profit when it rises back up to $20,000. You decide.
