What To Do When The Bitcoin Price is Going Down

in #bitcoin7 years ago

You check the price all the time. You’re worried. You have hope. And then you worry again.

What to do when the price is going down?

image

HODL

Hold on, and listen to this song:

And you’ll feel like this again:

image

Susanne

Sort:  

That is a exactly the way to hold bitcoin :) Lightning Network is in testing stage right now as we speak, and you guys can all test it on testnet right now. BTC will come back, and when it does... when it does......


https://www.reddit.com/r/Bitcoin/comments/7kv04t/you_can_try_a_testnet_bitcoin_lightning/

@kiimo

@sussane, what you are describing is a very real concern.

There are two main buying statgies:

  1. Buy low and sell high - This has the greatest reward, but you can lose out if you start freaking out.
  2. Buy the same amount (in fiat) per month. This way your average purchase over the course of a set time frame will even out. This is great for a HODL strategy.

When emotions start running wild, we have to step back and take a few deep breaths.

listen to bob marleys song and then hodl hodl hodl

True that. Thank you for stopping by me lil ol posts. Cheers to HODL that ZEN.

That bitcoin though... taking us through a wild rollercoaster ride 😅

You are right, Actually you meditate, and cool off from the heat. This post is funny

LOL, @susanne! I look at prices each day, and have been sticking with the recommendations from my newsletter subscription on crypto investments... My mind is blown by finding my center and knowing that the path is unfolding before our eyes! This world has become a place for the success of entrepreneurs!

Same here!!!
Like Bob Marley sings "No woman no cry"..."everything's gonna be alright" !!!

Good post @susanne !!!! It's pure adrenaline

Susanne, Thank You for being on Steemit.
Delighted to be sharing your tasty smoothie in this week's
JTS SteeMagazine.

Coin Marketplace

STEEM 0.18
TRX 0.16
JST 0.029
BTC 76535.07
ETH 2962.73
USDT 1.00
SBD 2.65