In my own opinion, it makes no sense trading your Bitcoin for minimal gains, because constant tempering with your stash of Bitcoin might compel you to sell thinking that you can get it back at a lower price which might never be possible again.
Ok let take a look at those that sold their Bitcoin at $69k thinking that they can later buy back, now Bitcoin has gone up to $100k, do you think that Bitcoin will ever collapse to such level? No in my own opinion, so selling and buying back is not the ideal approach that can be used to build a generational wealth because you may miss the big spike in price if you don't have any significant stash at that moment that it happens, so selling and buying back is not ideal too me.
Definitely not, I don’t think those who sold at that price would be able to buy back now and I don’t think Bitcoin would be dropping to that extent $69k anytime soon or ever. It’s a matter of making peace with what price it is now and push yourself through buying at the existing price and have plans on how to manage it.
Have you checked the price of Bitcoin currently? Maybe not because Bitcoin is at 96k and we don't know what the price would be by tomorrow. No what what level the price of Bitcoin may be, it don't think this is the right time to ever think of selling because it doesn't make any sense trying to outsmart the market when it's obvious that orice is dumping to shoot up any moment from now, so as to take some greedy holders unaware. We are not far from 100k and since the beginning of this week, the price of Bitcoin has been ranging and it's not a good time to panic selling.
The idea to sell and buy back complies with the buy low and sell high principle. It’s kind of hard to see that principle as useless or not to make sense. I take it for a strategy risk that individual traders or investors put themselves through. Perhaps not the best strategy given the unpredictable nature of Bitcoin but, it’s a strategy nonetheless.
The strategy of buy low and sell high principle would not make sense trying to outsmart the market at this time when we don't know the next move of Bitcoin. The best decision to take at this moment is to hold and keep holding till Bitcoin hit 150k. I have made similar mistakes in the past trying to sell part of my holding so I can cash out some profits before buying back. I was surprised to see the price of Bitcoin shooting up after few days of selling, thinking price will fall back so I can buy. The irony of holding is simple and we should not try to be greedy.
Are you suggesting that when the proce of Bitcoin reaches $150k that we should sell everything? This is not a good advice because some persons might be holding for several years and may not even care about selling. There also others using Bitcoin to save their money as a hedge against inflation.
You sound like someone heavily into trading instead of investing because what you have described now which is to buy low and sell high is the same as selling when you feel you have seen enough profits and this is simply trading.