Big financial institutions are drooling to get that cheap BTC. I see a lot of people here waiting for the perfect buy around $6000, $5000 and ridiculously enough, some near $2000. You're not the only one who knows that BTC is going back up after rebounding from those levels, if it goes that low. You may have your buy orders around those levels and the whales know it. So, they'll buy it all up before your orders are executed and before you know it, the prices will be back where it fell from. It comes down to capital reserves, if you don't have enough, you can't piss in the tall weeds with the big dogs. Oh, and if you're holding at a loss and you think you can sell now for a small loss to get back in later at $5000 or $2000 or whatever you have in mind, we had a 70%+ fall from the ATH and if you think it can go down another 70% without somebody picking it up, faster than you can say Jack Robinson, then you might as well forget about the whole thing and consider it dead (headed to zero).
This quotation from George Soros makes perfect sense in such circumstances:
“It’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose when you‘re wrong.” -George Soros
This quotation from George Soros makes perfect sense in such circumstances:
“It’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose when you‘re wrong.” -George Soros