Post
Topic
Board Speculation
Re: Are you buying right now ?
by
thecodebear
on 07/01/2021, 21:07:05 UTC
I sold all my bitcoins in range 20k to $22k so i'm out the market.
i will never ride the wave, will never follow the fomo, i know it's risky to buy it now, i believe bitcoin will drop to 10k sooner or later, so i prefer to wait until price wave come back to me.

i already have good profits from my sale at 20k. i don't want to risk and lose my profits.
yes i would make more profits if i buy now, but i'm happy because i already exit with nice profits.


I'm glad you got out when you felt good about your profits. Nothing wrong with that. Not everyone will or needs to be in the market until it hits $500k or $1 million or whatever. But you're gonna miss the vast majority of the bull market, and if your plan is to get back in lower than you sold, you aren't ever getting back in. $10k, even $20k, are long gone. Just like by the time Bitcoin hit $3000 in 2017, $1000 was long gone. Anyone who sold at $3k in 2017, happy with their profits, but planning to only get back in at $1000, never got back in and now have missed >10x gains in the meantime. Just recognize for yourself that this is the decision you have made for the future. Either you're out for good, happy with the profits you made while you were in the market and you move on to slower growth investments like stocks, or you're eventually buying back in at a much higher price than where you sold.

Personally, I could sell everything right now (at nearly twice the price you sold at), move it all to the stock market, and live off the dividends the rest of my life. But then I'd miss out on thousands of percent gains this decade, so I keep holding.