A few days ago I was withdrawing some money from my bitcoin holdings to fulfill my dream of a computer, which I also needed. But I think I was wrong, if I had bought the computer a few days later, I could have expected better things, as many people think that the price of Bitcoin will increase after the next halving. from my holding, I withdrew about $500 from Bitcoin when it was worth 69k , after halving it, sold my holdings and bought a computer, I would have got something better.
But anyway there is no use in thinking about what has happened,
Just as Frankolala as said, you have successfully reduce the potential of your bitcoin generating good profit for you in the long run .this is also the reason they keep saying that avoid regular checking of market , because one may only endup getting his self tempted to withdraw from their investment . And we are still in the accumulation phase only those that have gotten far with Their accumulation can choose to take some profit form their holding because they have already gotten themselves a good quantities already and they all pass through this stage ( accummulation stage) before getting to where they are now . But is not too late you can continue your bitcoin accummulation with your DCAing to accumulate more bitcoin while you hold .
Don't misquote me, I am trying to say that every one have a strategy of making investments so you can't stop someone who chooses to make investments for a short interval of time also it is for a long term investor despite the fact that we are adviced to invest on a long term. Do you know that majority of people investing in Bitcoin does that for a short term because they can't afford to be patient and wait for their investments to grow over the years and sometimes you can't really blame this people because most of them don't have a solid income generating source where they can use and sustain their livelihoods till their investments is matured enough.[/quote]
Well is true that most people don't enough cashflow and all that , that why is not advisable most time to go all in whenever you're investing , so one may choose to use DCA strategy by allocating some percentage of their earnings into investing in bitcoin and the other percentage to solve some financial situation while Holding. So aslong such individual is planning to hold for 4-10 years he or she would have enough time to sort things out and continue with their accummulation with such time they would be able to secure a nice portfolio for themselves. And most people are In short-term investments with the mindset of trying to get rich fast ( which is a greedy act) and not encouraging at all.