With the roller-coaster price movement this year, I like to know if what you think about this year's market condition overall.
Are you still bullish despite the huge dump from ATH, or do you think the market will be bearish throughout?
Share your thoughts and what's your basis, it will help everyone to decide.
I'm still getting bullish this year because I bought $20K Bitcoin last October. At that time the price of bitcoin was still $11K. Until now I still hold, and my target is the end of the year. maybe in December, I will sell some of it, because I feel after 2021 ends, there will be a long bearish. This is just my opinion
Congratulations to you. You made a lot of money if you sell it now but I guess you will make more money when the bitcoin price can increase to $64k or even more. Yes, the long bearish somehow can happen anytime, so we should have decided when we should sell bitcoin and wait for the next dump because the drops will always happen. Hopefully, before the dump coming, we can sell it at the highest price and make a lot of money.
Actually, last April was the right moment to sell, but I didn't sell it because I was hesitant. At that time I thought the price of bitcoin would continue to rise, but my guess was wrong. Bitcoin goes down to $30K. But I stayed calm and didn't panic, I holding what I had until now.
Now that the price of bitcoin has been increasing slowly, I hope December will get a great surprise.
I have had that experience many times. Maybe I can suggest you something if you see that situation. You can sell for some part and leave the other on the wallet and no matter if the price increases a little, you can still hold. At least, you already take profit and get your initial investment money back while you are waiting for the next correction.
And if somehow, the price is down after that, you can wait to buy back for some amount or you can let it just happen because you still have some part to be sold at the next high price.
But it does not matter because the price will increase sooner or later so there is no need to panic. You can still buy more amount if you want in this situation so you can accumulate more bitcoin.