Anytime the price of an asset or commodity shoots straight up vertical producing 10x+ returns, it's a good time to sell.
Let this be a lesson to anyone new to crypto, not to get greedy.
I think I'll put this on my mind starting from now.
TBH, I'm only having an unrealized loss right now just because I didn't sell my Bitcoins, but I'm holding it for long term. Because of this advice, I will sell a portion of my Bitcoin portfolio to buy something that I need. I mean it isn't just because of this advice that I will sell my Bitcoins, but I already planned of selling it when the bull run starts again.
I was a year ago, but I didn't feel that it really is.
This just shows that Bitcoin is very volatile. It can make your money x10 in just a matter of 3-4 years but at the same time, it can make your capital go down 10 times. Bitcoin is volatile but that volatility makes millionaires. This also shows that if you already bought at the top by mistake, it would be better to not panic and just hold it until the new bull run starts again.