For me I think that it is still very early for anyone to start selling their coins now, the price has just started to move up, so if you start selling now you’re going to be missing out on the bigger opportunity. As long as I don’t have any need for the money I have invested , I’m going to leave it there till the price goes up. Technical analysis that I have been seeing recently are mostly pointing out that there is going to be an increase.
Maybe this is the time the bull run is going to happen. With everything that has happened and how the market has managed to recover , I believe that the time is right. I’m just going to hold and see what happens starting from May when the Halving is done.
No one really want to sell their coins in times like this, especially when the market is in a lower compared to the price of Bitcoin at the start of this year 2020 but, with the pandemic still alive and continues to spread across borders, the number of people and possible holders that could be affected would increase, affecting their jobs or other source of income that would make them struggle for their needs, that might be the cause to sell their coins increasing the supply and decreasing the price of Bitcoin. Possible holders that will survive this pandemic would be the only ones that can sustain their needs and responsibilities in these times of crisis, that is why it is always better to save for emergencies.
The longer this pandemic goes, the more number of people and possible investors would be affected that will greatly affect the standing of the coin.