I hope the price of Bitcoin will soon reach $ 50k or 2x from the current price, the most expensive price I bought is around $ 56k and if selling at the current price of course I loses, I have also sold around 40% Bitcoin at $ 34k because I really need money , now I will hold and buy more before the pump occurs this year.
It's not a given that the price of bitcoin will pump this year. It might or might not occur following the halving season. Don't invest as quickly in bitcoin as you did previously since you believe the price will continue to rise to $56k and above. It eventually forced you to sell your bitcoin for $34,000 when you were not supposed to. Nevertheless, it is the past. Since the price of bitcoin is unstable given the current state of the crypto market, many investors are waiting for it to drop more ($21k at least) before buying more or using a DCA method.
I agree that for huge profit potential then they just need to be long term investors. However, in my opinion and the I know that it will be alright if we invest into bitcoin and it goes down and we suddenly need money as well, so we will sell when it goes down and that's an upsetting situation.
Yes, we do not want that to happen but we need to remember that same could have happened whatever we invested into hence it is not going to be an issue and the It's not wrong to apply something like that at the moment of price pumping in the market .