In mid to late 2021, I was new to this space and went thru the altcoin phase. I staked my Ethereum and just now was able to unstake. I have been bitcoin only for at least the past year ( I learned). My first instinct was to unstake the ether and swap for BTC. My issue is that, If I did that right now, I'd sell at a 50% loss. The counter to that is that if im swapping for BTC, the btc price is also down, so..... If I wait till its up, its likely that BTC will be up too. I have this back and forth battle going on mentally of weather I should just sell now or wait. I dont want this J.P. Morgan owned mess, but I dont want to sell at such a loss. I just wanted some opinions.
Don't sell at losses if you're not willing to. What's the sense of selling at a loss if you do know that you'll be selling at a loss? You might just want to wait until you get a break-even or buy more with your spare money so that you don't have to convert and take the loss.
That's the best thing that you can do right now, buy some BTC using cash. 50% loss is too much and you're not going to sacrifice that for the sake of buying bitcoin. Well, I guess that's the easiest choice you can make, no need for any sacrificial sale at losses only if you've got spare.