The dip this week made me realise that I've been too narrow-minded in my dealings in this industry. For the past coupled weeks, I had been so fixated on trading and trying to find the next good pump that I overexposed myself and take heavy hits whenever dips happen.
Because that is indeed the risk of crypto trading, which is quite high for people who are not used to it and really understand how to optimize trading in all market conditions, whether up or down trends. And indeed, instead of continuing to experience losses, it would be much better to stop for a moment, at least we understand how our financial condition is. So, it would be better to stop first rather than being forced and jealous of such an unfavorable situation.
I'm in search of random events, contests and campaigns hosted by any reputable companies. I'd be happy if you could share some here.
What kinds of event and contest? Trading? or any campaign? Do you mean like this signature campaign?
Buying now is a wiser decision than panicking to sell.
There are many investors who have already sold, some tagged the halving as a scam. Weak hands that could not wait longer because they are not emotionally strong to handle their investment performing in a way that they did not expect.
It is only the few that know an opportunity when they see one that will recognize this opportunity to buy some more that this dip has provided.
Many people invest in Bitcoin because of FOMO without a wider knowledge base and little experience. So they only hear or consider several things based on what is happening now, not looking at the history. Hmmm, this happens quite often when investors don't have much more patience because of several things. So they can't do it anymore and maintain holding only because their dreams or targets were not achieved immediately after the halving. In fact, as in the past, halving does not automatically make Bitcoin prices skyrocket, there are still several months that must pass after the halving process occurs to reach a real bullrun.