I am observing today something similar to what happened in 2020 but at a micro-scale. The announcement of a new COVID variant that may be resistant to current vaccines has sent the Dow and the S&P down the drain, particularly airlines and other travel hospitality linked business. Zoom stocks are up, mining and raw materials down,... It looks like a repetition also in bitcoin price with a plunge that may be ongoing.
For those of you that are newer on hodling, just calm down, this is nothing new, bitcoin will be there tomorrow and, likely, rebounding after the initial collapse caused by the stop-loss orders triggering of the first days.
The last sentence is way important than anything. Bitcoin has shown brittle nature when it comes to the news which are aint good for economy. This direct and indirect relationship of crypto with the real world is something that is steering the whole investor base. I think there is nothing wrong in that one, we are peeps, we have invested heavily into crypto, we all are here to book the profits and make the lives easier for us and families. So yeah why not, the reaction will be there only the thing is we should not move an inch while setting up our goals and reaching to that level.
Hodling is by default gonna hamper at mass level due to the fear of loosing money. These are hard times, everyone needs money so they will cash out. Those who will stay stubborn on not selling will surely get rewards when prices rebound.