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 ??
1. Never. I didn't lose my faith in Bitcoin because of trust. I didn't and will not cut losses if it's Bitcoin but if on altcoins I will.
2. I'm selling my Bitcoin and convert it into cash whenever I need to buy something, and I don't have funds to use. I tried it once and so far, that's the only time I did it. To convert my Bitcoin into cash and then wait for it to crash? That's the thing that I will not do because I believe that waiting will make you miss more opportunities. I'd rather do Dollar-Cost Averaging than waiting.
3. We all have plans that includes Bitcoin and for me, I will sell my Bitcoin in the future that's for sure. I'm not and I will never be a forever Bitcoin holder. I will ride Bitcoin down to the bottom until my target isn't reached yet.