After recent dump is it still safe to hodl on to our existing bitcoin or convert it to USDT? I have just converted my bitcoin into USDT and I will be monitoring the market closely with multiple reminders to buy back when the value starts increasing so that I don't use my existing balance and eventually buyback more than I have right now? How many of you agree with my idea? Kindly share your suggestions.
And when it comes into reality, most Bitcoin holders are now selling their BTC's and converted into fiat for they are in troubled. If you want to gain profit by now, you'll probably be doing it.
Yeah, we don't lose our trust towards Bitcoin but in a situation like this, you'll have to think also what is good. Holding may not good all the time, even we think that Bitcoin will still recover in the future. For example, if you bought Bitcoin at $7k and you sell it today, definitely, you are gaining. But if you continue to hold, there is a possibility that it drops below $7k then you can be at loss. Why not taking advantage while the price is high, besides, you can buy it back again if you want to.