I can only try to explain to you, but I can't guarantee as how much you will understand since it depends entirely on you based on what you already know about the foundation of cryptos.
Here is your answer in a very simplistic way:
1.If you are trading BTC or any other cryptocurrency or stocks or forex or whatever, then once you have put any money to any one of these, then you have to 100% accept that you have already lost that money the moment you have invested so there is no question of expecting what you will do after sometime if something happens etc etc. If you can't accept that as a loss from the beginning, then you should never invest at all from the beginning. That is the fundamental rule in any trading and at least in forex I assume you already know that and the fundamental law doesn't change very much in cryptotrading as well.
2. So before you buy you must have a plan when to exit or exit at all or not based on fundamental analysis and crypto news etc.
3.But my point what I am repeatedly trying to tell in many posts is that there is 99% of chance that BTC will never go to zero and it may rally much higher. Hence, you have to buy and hold. I am claiming it because of a profound reason that is because of the technology involved it .
I am not a big fan of BTC nor I am mad about holding BTC, but since it is the first cryptocurrency based on blockchain technology and there are thousands of other cryptos now based on that technology which may revolutionise the entire world in coming future and so chances of the first crypto to decrease in value is negligible until another crypto surpass BTC value. And of course, this analysis is based on my opinion, but the technology is a fact.
4.Finally, if you are very much sure that BTC price will drop then you should never buy it just because I say this or any other analyst say this, because I am not a financial adviser. I am just trying to create awareness among forex traders about the cryptocurrency and the blockchain technolgy involved which has a great future if someone just picks up some good cryptos at the right time and right price holding it for few years.
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