I dont have any plan about quiting, im just waiting for the very lower drop point to fill my empty bags, and it must be great if weak hands and most have panic investors dump their very last bitcoin so the price of it will fits to my price budget. I will be more wiser now than before, and dont want to miss the ride again.
So what is your 'entry target'?
IMHO btc will revert to $1400, but not until next Jan/Feb, like last year last 1/2 of xmas season btc trading seems to slow down, I see a major dump early next year, Then more consolidation above $1k, if that fails then the next floor at $400 will be tested.
That's easy, I think the hard thing for people like you will be at what price do you go in, and at what price do you exit?
BITCOIN is NOT going to go back to $20k any time soon, not for a long-long time, thus say when it goes to $1500 do you buy? Then you HODL and assume it starts climbing back to $6k? Then do you sell or do you HODL and watch it fall back to $1k? Just curious about your 'entry' plan
Note in REAL investing, when people buy into an asset they have a plan, a planned purchase price, and a planned 'take the profit' exit price.
BITCOIN seems to attract this HODL thing that all 'virtual currencys' revert to the moon, and that is insane, cuz the real world don't work that way,
So tell us, oh wise one, now that your wiser, what low entry point are you looking for, and what exit price will you follow up to sell, to take your profit?