I sold my bitcoin today. I think the price jumped too much too fast. My opinion is that it will drop below 5,000 soon and in that case I will buy back again because i expect bitcoin to increase significantly in the long term.
What do you think??
That is a risky play, not many people are selling since they want to obtain free bitcoin gold, so I think you are going to need to wait for some time, because those that get bitcoin gold are going to sell it and get bitcoin with it and that is going to push the price up once again.
I'm supporting your decision. But only if you plan to buy the same amount of coins on lower price. Or even taking 'free' coins instead of 'free' fiat.
Now the price seems to be at it's pick point and I don't believe to reach another all time high soon. Or at least in next 2-3 months.
I think selling bitcoin is not advisable in the current situation because the bitcoin value is growing almost everyday. So, why do you want to sell your bitcoins? The problem with selling your bitcoins now - if you sell it now you won't be able to buy the same equivalent when you want to buy. It's better to hold on your bitcoins.