Bitcoin bull market correction drawdowns

[tranthidung]

Sometimes it's just being distracted by life's necessities that makes me sell some of my bitcoins.
That's the problem we experience when trying to hold on for the long term

You told that you only sold some of your bitcoins and I feel that you actually managed your finance very well.

It's different than many people who use all money they have to buy bitcoins, with hope that they will get good profit months later. If they are unfortunately invest around a start of bear market, that usually lasts about 2 years, their capital will stuck in bitcoin, even drop in value.

At the end, they need money, and have to sell their bitcoins, with loss compares to their entries.

So manage your finance, before investing, is very important.

For withdrawal (selling) of your bitcoins, I recommend you to check this strategy.

• https://bitcoindata.science/withdrawal-strategy

[NikeFit_7777]

We were euphoric at 70-74k. Big money (manipulators), are in colossal gains. We formed a consolidation range. We are now at the lows.

P.S. As much as possible, try not to panic and not to make rash purchases, which in the long run can lead to loss of funds.  Remember this and maximize your savings. 

[JoyMarsha]

The good thing is that after the dump, it provides an opportunity to dive into the crypto market to buy Bitcoin at a discount price and for Bitcoin to increase in price more than it has before.

People can hope to have cheaper price to buy and they can wait for a while but when market has a dip, they will feel panic and reject good opportunities to buy.

That's the reality that most people are going to throw themselves at, soon. As the bitcoin price increases, they will think of buying when decreases. When it has decreased, they will find it hard to buy because they will think it won't increase as fast as possible.

That's the whole mentality of most newbies. To procrastinate when to buy bitcoin

[dekafee79]

The good thing is that after the dump, it provides an opportunity to dive into the crypto market to buy Bitcoin at a discount price and for Bitcoin to increase in price more than it has before.

People can hope to have cheaper price to buy and they can wait for a while but when market has a dip, they will feel panic and reject good opportunities to buy.

That's the reality that most people are going to throw themselves at, soon. As the bitcoin price increases, they will think of buying when decreases. When it has decreased, they will find it hard to buy because they will think it won't increase as fast as possible.

That's the whole mentality of most newbies. To procrastinate when to buy bitcoin

for beginners they need experience, dude. so let them gain that experience by studying the market and determining when to buy. because there must be doubts when buying for beginners when they see a dump market. because they don't have a good analysis of the market

[LUCKMCFLY]

The good thing is that after the dump, it provides an opportunity to dive into the crypto market to buy Bitcoin at a discount price and for Bitcoin to increase in price more than it has before.

People can hope to have cheaper price to buy and they can wait for a while but when market has a dip, they will feel panic and reject good opportunities to buy.

That's the reality that most people are going to throw themselves at, soon. As the bitcoin price increases, they will think of buying when decreases. When it has decreased, they will find it hard to buy because they will think it won't increase as fast as possible.

That's the whole mentality of most newbies. To procrastinate when to buy bitcoin

for beginners they need experience, dude. so let them gain that experience by studying the market and determining when to buy. because there must be doubts when buying for beginners when they see a dump market. because they don't have a good analysis of the market

Well I always recommend something, it is a little more effort but it is better, some people go to take courses in large academies, in many places where they also sell signs, but it doesn't make much sense because the important thing is to learn, it is the only way to We can always win, what we learn will always be ours, that is why I recommend reading books, but not just any book, I do not Recommend technical analysis, but knowing how the market moves, yes these market Speculators are those who can give us samples of how they handled certain situations in the market, this is something that will always look great in terms of learning, the more you learn the more money you Will make.

[EthereumDev_]

for beginners they need experience, dude. so let them gain that experience by studying the market and determining when to buy. because there must be doubts when buying for beginners when they see a dump market. because they don't have a good analysis of the market

Agree with what you suggest, beginners do need a lot of experience to directly trade on the exchange so that they will know the right time to enter and exit the exchange. So far, there are still many traders who sometimes make wrong decisions and end up losing money because they are forced to sell their assets at low prices.

[legend45]

for beginners they need experience, dude. so let them gain that experience by studying the market and determining when to buy. because there must be doubts when buying for beginners when they see a dump market. because they don't have a good analysis of the market

Agree with what you suggest, beginners do need a lot of experience to directly trade on the exchange so that they will know the right time to enter and exit the exchange. So far, there are still many traders who sometimes make wrong decisions and end up losing money because they are forced to sell their assets at low prices.

Becoming a trader requires experience and a long time to learn. Beginners will make some mistakes, but that's normal, because they're still learning. When they have the knowledge and experience they will also become professional traders