Many people panic when Bitcoin drops. Why is that? Most of us experienced investors know to buy when there's blood on the streets. Now is the time to be accumulating and adding to your positions. Don't worry if the price drops, just dollar cost average and buy more if you have the means to do so. This will lower your overall price per coin ratio. And this is what the seasoned investors do. Realize that Bitcoin has had multi-year bear markets before and that we could be heading into another one as I type this.
I highly doubt that this will be a multi-year bear market. Why you ask? The fundamentals of Bitcoin have never looked better. When the market turns bearish, do you think the developers stop writing code? NO! They are hard at work and Bitcoin is still so young. This will last for many decades and this is the new financial system that we'll be transferring to when the old market crashes and burns forever. Another reason the fundamentals are looking good is do to the face that we haven't even come close to mass adoption.
Everyone that is in crypto right now is an "Early Innovator". For some of you, this is the first market you've invested in. Just realize that in the long term, everything will be okay. Look at the chart of an S Curve and realize that we're at the "Early Innovator" phase. We've got a long way to go and this short-term bear market is nothing. The oldtimers know this. Just realize that when we have our next pump, you will be that much stronger for weathering the dips and holding through them. It'll put some hair on your chest and earn you some stripes.
Another thing we do is remove our emotions from the market (This is a lot harder than it seems). Many are so tied to the price and it shows. Every time there is a pump, it's the best time to be alive and whenever there's a dip, it's the end of the world for most of you. Like I said guys you want to be accumulating when the price is low. This allows us to buy more coins for our hard-earned money.
