Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: Shall We Hold Our Bitcoin Like Gollum?
by
bitmover
on 08/09/2021, 15:25:42 UTC
⭐ Merited by vapourminer (1)
Many of us are hoarding more Bitcoins over time. That is also the reason why Bitcoin dropped sharply on exchanges
transactions in the past few years.
Will we sell out of Bitcoin one day? Like how the ring was thrown into volcanic lava.


Personally,  I have sold some of my coins in the current bull run. The gains were enormous,  and I think we will face a big bear market in the upcoming months or years.

Taking small profits now will make me feel better in a bear market, so that is what I did. If it helps you feel better and act more rationally in a bear market if you sell some now, you should do it as well.

As mk4 said, we are all free to do whatever pleases us. Imo, you should never regret taking profits, even if the price gets to new ath later on. Acting rationally is what matters,  and nobody can predict the future.