A lot of people are reaching a point where they are considering selling their coins. I would like to know, what your "panic" sell
point is?
I bought most of my coins at below $1000, so I am not worried at all about the drop in the price. I will never walk away from
Bitcoin losing any money, because I sold some bitcoins when the price reached $19,000 last year and made back all the
money that I invested. Some people bought at $19,000 last year, and I think many of them sold already. Do you have a point,
where you will push the "panic" button?
I doubt that it will go down much further, but if it does... where would you start selling your coins?
I have some coins at the price 800$ and 40% of my coins are at the price 1200$
But the major issue i am facing is when i got some 15% of my coins when bitcoins were 15,000$. That was a really huge price and i have some coins from that point. But i have not organised a stop-loss for me because i do trust bitcoins positively and i am sure that they can have a good pump again as the back days.
But at a situation when bitcoins go below 4000$ i will start to panic and it would be the movement for me to think seriously about bitcoins. Also i would than try to study the graph and some phenomenon to make some more research and to predict the price. But if nothing works, then i would sell everything i have and will go far away from the cryptos world.
It would be really much difficult for me than because i have almost 90% of my income in the cryptos world and bitcoins really works hard for me in my bad times. I have bitcoins as my major source of income and would never want them to leave me ever.