Re: At what point do you sell your Bitcoin forever, OR wait to buy back later ???
The Federal Reserve is raising interest rates, making money tighter, and popping the crypto bubble as well as many other speculative bubbles. Almost all financial assets have gone up since 2008 in the face of massive money printing, and now that party is clearly OVER. With the Federal Reserve now tightening, we will see cryptos and Bitcoin fall by more than you ever thought possible 
BE HONEST: Who here would have believed last year that Bitcoin would be near 18,700 today ?? Everyone knows darn well that anyone correctly predicting such a price drop in bitcoin would have been ridiculed here in this forum. So stop the self delusion for a minute and consider that Bitcoin could still go FAR LOWER...
So here is the question I am asking you guys:
1. At what point do you guys lose faith in the dream of Bitcoin going to the moon, cut your losses and sell ??
2. At what point do you sell your Bitcoin, Convert to cash, and wait to buy 20 times as many Bitcoin at a much lower price, say something like 1000 dollars ??
3. Would you never sell, no matter what is happening in the crypto world, and ride Bitcoin down to the bottom ??
I will gradually sell in the next bull run and buy back gradually in the next bear market. BE HONEST: Who here would have believed last year that Bitcoin would be near 18,700 today ?? Everyone knows darn well that anyone correctly predicting such a price drop in bitcoin would have been ridiculed here in this forum. So stop the self delusion for a minute and consider that Bitcoin could still go FAR LOWER...
So here is the question I am asking you guys:
1. At what point do you guys lose faith in the dream of Bitcoin going to the moon, cut your losses and sell ??
2. At what point do you sell your Bitcoin, Convert to cash, and wait to buy 20 times as many Bitcoin at a much lower price, say something like 1000 dollars ??
3. Would you never sell, no matter what is happening in the crypto world, and ride Bitcoin down to the bottom ??
when it comes to the loss of trust in bitcoin. then I don't know that. but clearly, now I'm in the accumulation stage. because we are in a bear market. so it doesn't matter if bitcoin drops lower. because it opens up opportunities for me and all who want to accumulate bitcoins.
for some it may be that bitcoin's dip has made him panic and sell.
but for me it is the best moment to accumulate. I advance when others retreat. I really like going in when the waves are calm. So I'll let the panicked person finish selling. the sign of the end of the panic selling people is the market is going a little sideways (a calm wave). that's where I always go to do accumulation.
Fear and Greed are the real enemies of a trader.