[BTC] Why panicking, it might be the best time to buy.
Why Why Why,
People are trying to figure out why BTC drops. Is it because of the virus? Financial crisis? Or BTC is just a bubble and another shitcoin?
To me , it doesn't matter what cause it to drop, what does matter is how do I profit it through this panic market.
You see BTC has survived many bear market so far, if we look at the history, it never drops below 200 weekly MA from 2015.
Now it sits on 200MA again, the odd to drop below it is low to me, as a trader and investor, I am start buying using dollar cost averaging. If it drops further, I will close all my positions and only lost a small part of my money, but the upward potential is huge.
How about you? Do you have a entry and exit plan if BTC keep dropping or start grinding up? I know most of you don't.
" formal education makes you a living, self-education makes you a fortune"
People are trying to figure out why BTC drops. Is it because of the virus? Financial crisis? Or BTC is just a bubble and another shitcoin?
To me , it doesn't matter what cause it to drop, what does matter is how do I profit it through this panic market.
You see BTC has survived many bear market so far, if we look at the history, it never drops below 200 weekly MA from 2015.
Now it sits on 200MA again, the odd to drop below it is low to me, as a trader and investor, I am start buying using dollar cost averaging. If it drops further, I will close all my positions and only lost a small part of my money, but the upward potential is huge.
How about you? Do you have a entry and exit plan if BTC keep dropping or start grinding up? I know most of you don't.
" formal education makes you a living, self-education makes you a fortune"
Comment:
If BTC weekly close above 200MA, I am bullish,
formal education makes a living, self-education makes a fortune!
