Quote:
Originally Posted by Edward64
I'm getting that FOMO itch right now as Bitcoin has recovered some ... and I haven't even ordered my new Ledger yet  |
My advice to you is swim against the tide. When people think the sky is falling, then you buy. Don't get caught up in the short term. The old buy the fear, sell the greed. Do the exact opposite of what most retail is doing. This has consistently worked for me.
I just set a limit order sell of further profits at $24,450.
Historically I would expect Spring 2023 to be the time when things start to turn around as the halving is about a year away. I would be really surprised if we don't see sub $20k before then again. I am selling because I believe I can lower my average price. If it keeps going up then okay, my original capital is still in the market and I have profits on top.
When the real FOMO starts in a year or 2 just make sure you don't get sucked in. Get your buying done in 2022/early 2023 and then leave it well alone.