Looked at the weekly chart and I am afraid to hold. That's why I sold.
Bitcoin price has gone too high. If the traders on this market really follow TA indicators, I think they should have a look at weekly chart.
I know that many of you revive the past and predict the future. But, what if it's a black swan?
There is no need to attend weekly price chart because they do nothing good than creating chaos and panic among the investors. I only visit charts when the prices are going up and then cash out my bitcoins. Bitcoins are supposed to be treated like long term investments. You cant make good money if you keep checking weekly charts.
I treated it as a long term investment and I won't be selling when people are panic.
The longer we hold the more we get excited because the price is rising in overall, I love the idea of optimistic people to sell only
when they make a fortune already, I guess time will come but I have to wait and hold.
Yes you are right the longer you hold the more you earn, but here the topic is never sell your bitcoin. Can you think of it ever? I dont think so, because everyone in this world needs the money after some time and he use all the available resources he has.
It means that if need something for which I need the money and dont have cash in my hand I will definitely sell my bitcoin for my need.