Long time lurker, first time poster. I made a very silly mistake of buying coin at $1160. I use bank transfer which takes days to process, so there was nothing I could do when the collapse started just 2 hours after my purchase. I've also had a fair bit of coin that I bought at 800 months ago. When the price began to dip under 1000, I thought I could just sell the coin I bought for 800 to break even. But I held on expecting a recovery. And now we're at 780. There was a lot of hype on this board which certainly impelled me to buy. But I'm starting to think BTC is unrecoverable at this point. I don't see a rebound. I don't mind holding onto my coins for another 6 months, but if it's just going to drop to 600 and stay there for another 2 years then I might as well sell now. What do you guys think?
I think that if you are willing to wait only for 6 months or so then you better sell now, because previously when btc became $1k+ it then dropped to $200 if you recall. If you can wait for a few years then you better wait. All the panic will vanish, bitcoin will become more popular, more stable and it is likely to cost around $2k, I guess. People slowly learn to trust btc and so they won't make the price become very low. We all know there are many people who wait for the price to drop so that they can buy some. You can help them by selling your sum but I don't think it's worth it.