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 ??
Not only me When someone realizes that the price of Bitcoin may fall and he has Bitcoin holding, then he/she decides to sell Bitcoins and waits to buy again on the dip. But I never do this unless I am confirmed that the price of Bitcoin will really go down . i was bought 1 bitcoin some month ago and i am still holding that bitcoin . i didn’t sell that bitcoin for any reason coz i am not sure yet that bitcoin can big fall
If you still have 1 bitcoin, I say hold onto the bitcoin. If you hold these bitcoins you will get double profit after few months. I think bitcoin price will rise in next few months so try to hold it. But this year Bitcoin price went through complete dumping. So Bitcoin price is expected to increase after few months.