No this is not the right time to sell, we need to hold it for a long time at least till the halving as we are expecting higher price at the time of halving.
For some people it is time to sell, but not for me. I am holding. With the price going down again everybody should now by now
Hold and wait for a better day to sell, else you will get some loss.
Selling now means you are just too late. So hlding would make more sense just consider the potential price of bitcoin in 3 years.
- More merchants
- More users
- More adoption by both of them
Then you will know and understand that selling now could be very stupid.
Best is of course to keep holding your coins for at least a few years, but the majority of the people don't even have the patience to keep their coins for around 2 or 3 months. Only the most solid holders will get to make the best profits. I am glad I have enough patience to hold for plenty of more years as I have been started with holding since 2013.