Over the past few days, when BTC didn't drop, many people were frustrated they couldn’t buy at a lower price. But when the big drop finally came, everyone hesitated to jump in.
I was worried the market wouldn’t dip, so I entered early and even went all in. Today, with the major dump, it's been painful.
To be honest, the price has already dropped a lot, and many people have entered positions. Those who needed to cut losses have probably already done so. For example, altcoins that were worth $10,000 a month ago might now only be worth $3,000-$4,000—almost half of it gone!
Anyone facing this loss would feel devastated, but what’s done is done. We still have a chance to recover from what hasn’t happened yet.
That’s why Brother Sāo keeps saying—don’t rush to add positions for the long term, don’t fully invest right away, and give it time. Be patient, like the trends we saw last July through October.
Only then should we think about adding to positions.
Crying and complaining won’t fix things. Brother Sāo has lost nearly six figures in the last two days, but just like last time, I believe the assets will rebound after hitting the bottom.
Since we've chosen a long-term approach and are in it for the time, experiencing this asset drawdown is part of the process.
Save some capital, wait for a big market move, and then jump in with a larger position. With the rebound, we can quickly recover.
It’s key to save your ammo!
#GT