Its been on my mind a bit, do you think that we will see a dip during the holidays from people cashing out? With Bitcoin nearing 10,000$ I am just curious as to whether its got a chance to hold its value or if its a given that people will start cashing out soon.
Good question. I've been thinking of cashing out some of my bitcoin nearing Christmas season to enjoy and buy gifts for my love ones and probably go out on a family vacation. But I'm still undecided and I have to see where the price could go, if it goes above $10000, I might sell some, but if it didn't get to 5 digits then I will just hodl.
I still other sources though, if I decided to push with our family vacation plans, but at the back of my mind, it wouldn't hurt if I take some profit from holding it for almost a year now.
Let's see, how everything goes though. But I remember last year, there was no cashing out if I'm not mistaken. But its a different situation now, bitcoin has been knocking at $10000, another mental barrier for most traders to overcome.