Do we all want Bitcoin to be a payment system? Do we want a future based on Bitcoin and decentralization? Do we want bitcoin to succeed? Why then do all the biggest Bitcoiners wait for a certain price to sell. Someone goes to a press conference and says that he is a bitcoiner and will not sell at a lower price of 100k or 500k or 1 million. If you want a bitcoin world, a bitcoin future and a payment system, why sell bitcoin at any price? And that's what people say at bitcoin press conferences
Well, that’s the thing with money, everyone is always trying to save themselves from loss. Nobody wants to be taking the loss, so when it reaches q high price, people sell it and take profit and then go ahead to invest again. There is a saying that 1 BTC is 1 BTC, well, that might be right in some ways, but that doesn’t mean that a 1 BTC has dropped in value can get you what a high valued 1 BTC can get you.
So, when the BTC is high valued, you have to sell and then wait for when it drops and you can buy back and start again. This time around you’re gain more value. It’s a normal and buying and selling technique, and is nothing new at all.