The question is do you wanna buy something in the short term or not? If the answer is no, i dont see a reason to sell. Escaping into the dollar will save you from what?
No, I dont want to buy anything. Yes, maybe physical gold, to rescue my money from couple psychopaths that want us own nothing and be happy. I am pretty emotional right now so I wait this to settle. I did not expect it really would drop below 2017/18 ATH. This is a critical level for me. I was thinking that we could see 18K but I was not expecting it. And it does not even bounce. All those 6 digits predictions were wrong so I was sure all those sub 20K predictions will fail either.
Gold could be one way for peace of mind, to save some of your purchasing power long term, just don’t expect major gains from it.
Im not too concerned about what is happening now, because 1. the economic environment is way different than 2017/18, the biggest winners will probably be industrial commodities now. 2. the market will probably go after as many liquidations as possible, if you see how many btc ponzis like celsius are holding. 3. if we go back to a longer time horizon and evaluate Bitcoin from an economic point of view, nothing changed, if we’re looking at how money comes into existence, there’s many factors speaking for a slow long term organic adoption as hard money first.