Soon after posting Bitcoin goes Ballistic and Smashes $11,000 it fell by $2,000 and has since moved back to above 11k. With this level of volatility in the market, and so much money on the line, it is easy to make rash, spur-of-the-moment decisions.
The types of decisions I'm referring to are:
Making these types of decisions can have serious consequences, especially when made under financial pressure, stress or time pressure, whether it be perceived or real. This being the case, it's far better take the time to think things through and develop a plan for what you will and won't do in a volatile market. This sets you up for both present and future action, because one thing's for sure, volatility in Bitcoin isn't going away any time soon.
The following points are suggestions of some of the things to consider when making a plan for how to handle your Bitcoin in a voltile market.
Whatever you do with your Bitcoin, be as prepared and intentional as you can be about the future. More highs and lows will follow, and the temptation to act impulsively lurks in every significant move of the market.
Bitcoin to the Moon is a blog dedicated to following the original cryptocurrency on a journey to its ultimate destination.
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