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It depends on the angle we look at Bitcoin. Buying and selling are activities to make a profit. When we buy an item at a low price, of course we will sell when the price has increased and the profit is already there after selling it. But for us Bitcoin is not an item like that.
Bitcoin so far is still a long-term investment asset and still keeps it well in the wallet. Until now, we still hold it even though we sell it now, we will definitely get a few percent profit, but that is still not enough to convince us to let it go.
Remember that some people don't have direct specifications or duration of selling their Bitcoin. But but a good investors knows exactly when to sell out their coins and mostly Bitcoin. Because Bitcoin investors have a target and the target of Bitcoin investors have to come to manifest when the price increase in the market. So actually every investor objectives to is to make a profit.
That is clear. The main target of investors remains to reap huge profits behind their investment in Bitcoin. Any price target set will be allowed to stay there even though it will take a long duration of time. The average investor targets a profit of 50% of the purchase price.
If the purchase price is at $16K, then the opportunity is to let go at a price of around $30K-$32K.
It's only the newbies in cryptocurrency investment that can only invest when the market is high and sell when the market is low, and what lures some of the new investors of Bitcoin to speed up and sell out their coins when they notice a heavy falling or bearish in cryptocurrency and especially bitcoin, is fear and lack of understanding the rotational price of Bitcoin in crypto market . The ambition of every person who purchase Bitcoin is to sell when the price accumulate higher, so that they will be profit at the end.
They are not familiar with the situation so they do it that way. It's worth mentioning that these types of investors are beginners. In my neighborhood there are people like that who bought when the price of Bitcoin reached $60K and now the position is all wrong. When I asked why he could buy at that time, the short answer was because of a friend's invitation.