The idea is definitely foolish as people often use Bitcoin's past performance to judge its future performance which is against the ethics of trading and investment. I am glad that the reality has dawned on people already as they are highly disappointed with the way Bitcoin is performing, however, this is the beginning of the disappointment because we can't compare Bitcoin of now with when it was still super-cheap and with low market capitalization. Also, most of those who are interested in buying Bitcoin have already purchased it, even as many are liquidating at times due to FUD, just as we experienced in August. We should often expect rollercoaster rides for the coin which is a very good reason for us to avoid a too rigid belief that we should always keep our coins.

As I often advise people, it's better we are friends with our trading charts and the latest economic events as they unfold so that they will be the best guide for us to know the time we will buy Bitcoin and also the time we will liquidate it. If I had been doing that with all my Bitcoins since I started amassing them, I would have gained more than what I have in my current portfolio. If you have a large sum of Bitcoin, this approach of mine is equally good for you, but of course, those who have started buying it when it was still at $500 or lower will be more confident than you who just purchased it at $65,000. So why won't they give such an advice? But unfortunately, they are confusing people.