I hold bitcoin and I was thinking if it was going up I would spend some, just a little bit, as a way to cash in my profits. But with the current market I just hold, I dont want to spend my coins at such a cheap price because it will feel like a loss to me.
Do you feel the same way? What are your thoughts?
I am in the same boat. I was actually hoping to cash out some crypto and enjoy the profits, but sadly, the huge bear market has stopped me from doing so. Cashing out crypto at this point in time seems really unwise since we are at all time lows. Imagine how you would feel if tomorrow crypto markets suddenly bounce back. Ouch.
I would rather be safe and bet on the long term value of crypto for now. The market outlook and everything else seems bullish in the long-term anyway.