I sold my 7 Bitcoins for $11400 a few hours ago.
I will buy back when Bitcoin reaches $8000.
Then I will have more Bitcoin than before.
This is the best solution.
Many have tried this before.
They sold at $3K, wanted to buy back at $1K and instead bought at $20K.
What will do you when it doesn't reach $8K ?
Two consecutive wrong move. Sold low then bought high. LOL.
Maybe when he sold at 13k then a profit would be more certain. As to what you've said, many fell on this decisions and it seems some are falling for it also. I feel that Bitcoin's price will not go as low as 8k so I suggest him to buy back when (or if) Bitcoin drops to 10k. That way he could gain, though not much, at least he gained. Waiting too much could lead to waste of opportunity.