I feel that Nothingtodo invest in bitcoin in the wrong way and that has made him to sell his bitcoin at loss just for celebration. A long-term bitcoin investor must have a proper plan on how to invest on a long term bitcoin accumulation journey with consistent and persistent weekly DCA buying. He needs to also find a way to increase his income so that he can have a good financial strength in order to take care of whatever needs that arises without touching his bitcoin investment.
Emergency funds, reserve funds are also important for you not to sell your ongoing bitcoin investment when it's not of your own will. Our main priority is to keep focus on increasing your bitcoin investment overtime to your target for the future and not reducing the size of what you are accumulating.
The moment the idea of you selling off your coins gets to your head, it's probably going to end badly since you can't because as an investor who plans on holding for long, selling your Bitcoin should be the least thought but that would be inevitable if you have failed to set up or follow the basics necessity that would guide you to avoid making such errors.
It is undeniable that not all Bitcoin investors will succeed in their investments. The reason is, the journey of holding Bitcoin is very difficult for everyone to go through. Because sometimes there are many investors who sell the bitcoins they have when they have made a profit, even though the time does not match the initial goal. In my opinion, bitcoin investors like that can be said to be failed investors. Because bitcoin investors who invest for a short time, less than 5 years, can be said that the person is not a true bitcoin investor. Apart from having made a profit, investors who sell their bitcoins in the middle of their investment are caused by urgent needs. Because it cannot be denied that there are still many bitcoin investors who cannot manage their finances and do not set aside some of their savings for emergency funds. So when investing in bitcoin and there is an urgent need, the investor will definitely sell his bitcoins to cover his needs. And finally, bitcoin investors who sell their assets are caused by panic because of the drastic price drop. This does not need to be explained anymore, because bitcoin investors who do not have mature knowledge about bitcoin will definitely panic and sell their bitcoins when there is a very deep price drop. That is why I personally am very careful with these 3 things, because in my opinion these three aspects can trigger someone to sell their bitcoins.