Quote from: Alone055 on November 26, 2024, 01:37:56 PM

Quote from: MiningMike on November 26, 2024, 08:51:40 AM

It's hard to let go when you believe the value will just keep growing. I think a lot of us hodlers are in the same boat, seeing it as a long-term investment or even something to pass down.

I can relate to this; however, I would say that one should at least have a target in mind. If the price hits that target, you should at least take a profit if you don't want to sell everything you hold because it isn't wise to keep holding when the market hits the top and starts declining.

the issue with this is that sometimes you don't have a clear cut plan on what you are to use the profit for and so it wouldn't be okay to even consider sending a part of your bitcoin holding to an exchange for trading or to be converted to fiat. of cause just adding up to your bitcoin holding without having a clear cut plan in place is not a good idea but leaving your bitcoin even at this time when it is experiencing a correction would not still be a bad option since its certain that after the correction we will still experience bitcoin getting more bullish again. as the market is experiencing some form of correction, the effect is that more people will start buying at this DIP and the larger implication will be that bitcoin price will start to increase again making those that refused taking there profit to still remain in profit.

the urge to sell has been there most especially at the time bitcoin got to $99k and seeing it going down, there has been some thought in form of regret that suggest that one should have sold at those price but the thing is that these are just short term reaction that will cease at some point so i just ignore it and watch how things unfolds in the long run.