As for selling your btc and then buying, you’re trying to time the market and well, good luck with that. A lot easier said than done.
but how can you lose by selling your bitcoin right now at $59k. if the price doesn't go down but goes up then you just have to wait until it goes back to $59k to buy back in.
Tell that to the folks who sold all their BTC in 2013 when it dropped from $100 to $50, and are still waiting for it to get back down to $50 before buying back in. Or the ones still waiting for it to get back down to $1, which was once considered an impossible price to reach
Yeah, exactly. BTC can't always go up and I'm surprised that people still don't really understand that. And it also provides us an opportunity to buy it not at the top price.