There's a high level of FUD going around in the crypto media. Especially, FUD about our lil fiend.
Cointelegraph, The Block, U.Today, all talking about 49.5k or similar. Bear market incoming. Many plebs will be shaken. I resent the media.
They serve their purpose of shaking out weak hands and pressuring leveraged longs. They also keep people informed about potential dangers. For example, if you only listened this the folks in this thread, you’d have been called crazy for selling at $70K. It’s good to have different perspectives so you can evaluate for yourself what the likely outcome will be.
In the U.S. if you are a long term hodler, selling BTC @ $70K (even if you could time that top just right) and then trying to buy back in the ~$50K-ish range still makes zero sense.
You still have to pay Uncle Sam 15% of that transaction (long term cap gains, depending on tax bracket). So you'd need to buy back more like in the $40K-ish range or below that to even make a decent profit on the transaction.
Simply not worth it for many of us to try and time the market.
HODL is best solution.