If you're down bad and lost significant amounts of money, the worse thing you can do is think about your ATH value or about the money you lost and see it as a target to make it back.
You'll start risking way too much and likely lose it all.
The money is gone, so instead, start slow again, risk very little, rebuild trust and self confidence. That's how you'll win in the long run.
Many people get themselves stuck in a position, "bought there, had no invalidation, risked way too much, down a lot now and don't know what to do"....
Most of the times the best thing to do is take the loss and start over... Closing it will make u feel bad at first but you'll start the accepting process, learn from your mistakes and move on. Holding will just get u stuck in the "meh I'm down bad" mindset.
Below is a graph I quickly made. I don't think I know anyone in the space who made it without first losing it all multiple times. It's only those who stick around, keep grinding and learn from their mistakes over and over again who ultimately have a chance to make it. It's a long process, not easy, but could be worth it in the end.
Good luck.
If someone really was accumulating $XRP, they wouldn't be ripping it in hundreds of millions a day with max market impact, this is a clear squeeze engineered to then bleed retail dry over the next few years and create an entirely new bagholder class and xrpschizo posters.
$BTC
Probably giga sends on a close above $98k towards $110k
Probably wipes everyone on a dip to $80k if it loses $90k
Probably ranges while neither has happened
Alts are much more interesting to trade but they need BTC to be strong to run these days so BTC is a must-watch
Congrats #Bitcoin HODLers.
A reminder that it's okay to realize a better life for yourself and your family if that time has come. And a reminder that $BTC serves a different purpose in each individuals journey.
A friend of mine sold at 20K per coin and bought a house for his wife and child. The peace of mind that they would always have a home was all he wanted. His BTC served it's purpose.
I sold my coins back in 2021 between 55K and 65K. Those sells made a huge difference in the lives of myself and my family. I don't regret those sells and the BTC served it's purpose.
Now here's an extreme example, but it's worth exploring. Let's pretend BTC reaches 1 million per coin 30 years from now and someone HODLs all the way. What's the point if during those 30 years the person and their family didn't reap the benefits? If they continued to lead stressful lives and didn't enjoy their gains while healthy and together as a family. In this scenario, the BTC did NOT serve it's purpose. Watching numbers go up on a screen doesn't change your life, selling does. And there comes a time where everyone must sell (unless you and your family already have everything you need).
I suppose my point is this.. people act like HODL is a religion and selling is the ultimate sin. Announce that you're selling spot on CT and you're essentially met with the death penalty. I urge you to sell when the time is right. Be thankful that Bitcoin gave you this opportunity and continue to support it regardless of when you sell. Selling does NOT mean a person is against BTC.
The price of Bitcoin may continue to go up, but the clock also does not. stop. ticking.
Bitcoin will likely be here long after we're dead, so don't be afraid to USE it. Let it serve it's purpose in your life.
It's funny how in just one month of mistakes, they can destroy your entire track record of years ago, I'm still alive, thanks to knowing how to manage mistakes in a way, let's say acceptable, I'm still alive, if not, it would have been the end of me, 99% of you saw what I didn't, this rally has caught me totally naked, just like the 16K fund.
We will learn from our mistakes, and we can only come out stronger, there is no other option.