I am a long term HODLer and believer in BTC.
I have been adding to my position since 2013. and sold 0 BTC over time.
Obviously I am happy with the development but the worm of greed is always digging in the back of my mind. Could I increase BTC if I sold BTC for some fiat or Tether before correction and add more BTC when the correction ends.
I had no problem holding BTC when it crashed from 900$ to 200$ but I would have mental issues if I converted 1 BTC to 2400$ and had to buy again at 2500$ thus diminishing my BTC stash.
Are there any long term HODLers who are succesful at employing this tactic of buying corrections? If so I would like to hear your strategy. Thanks.
Its always something of concern in which it will be so hard to take such decision but there are two ways to go about it;
1. Sell and say bye-bye to bitcoin and just just your massive return on investment by that you would have made tons of percentage returns.
2. Just sell the one you have at this price and wait till when price crash next (if it eventually happen) then buy low and keep long-term again.