Drop and Rise of BTC.
Lets go back a few years, when #BTC approached $20k in 2017. Just moments after its all-time high (#ATH), BTC dropped 80%. This lasted 1075 days before BTC blasted through the $20k barrier.
Last year, in 2021, we had 4 significant drops. The biggest drop was well over 50% and lasted 5 weeks plus 60 days of uncertainty. This makes a total of 95 days (3 working months) recovery. When you bought BTC on the way to the top, you must overcome the mental hurdle of negative earnings just before going on your summer vacation.
Now, in 2022, it looks like we are still dropping since the ATH on the 10th of November. The fear index shows a historic low point. As history tends to repeat itself, people will start panic selling and we could have another month of lows.
To keep your positive psychology, do not evaluate earnings in percentages since your last buying moment, instead view your performance as compounded return over time. By dollar averaging your portfolio over a longer period, your capital will be behave like a positive sine wave.
Happy buying the dip.