~Snip
This majorly applies to the investors and not traders, and also from what he said here, we must be able to employ a sustainable withdrawal strategy, which means we are not just only going to sell at any point in time because we feel like doing so, but it must be done on a thorough and orderly manner to which will be a profitable decision for us to sell after adopting the use of a particular selling strategy, i have witnessed some selling at loss, thinking it is more saver for them than to have an elongated loss session on their investment, we have several examples related to when some have made a selling decision at loss and some are making profits in the same way because of the strategy they all used make withdrawal.
Selling at a loss is in fact not a good decision if at the same time they have additional capital to accumulate. I know some holders may be afraid of having their investment value drop any lower due to high selling pressure, but in reality the market will only recover after over selling.
If I have to sell, then I will not sell some, but I will sell everything at the same price and plan to reinvest at a later time. I don't fully know what the purpose of selling some of it is if in the end the held asset is sold at a lower price considering market dynamics that are difficult to predict. Price volatility provides an opportunity for anyone to buy at low prices and sell at high prices, this cycle can be exploited by anyone.
This is a very bad advice especially for newbies who are still trying to master the art of bitcoin investment:
ButBuy and Hodl! Selling your bitcoin off at a lower price is somewhat baseless especially when I heard you say that you would capitalise on market volatility to buy back at a further cheaper rate. How do you determine the next market value of bitcoin while already selling at a lost price? If you are such guru why wait and run a loss??
I believe the principle should remain continuous buying and Hodl for as much as possible. Panic sales due to market volatility is a product of either not investing with your discretionary income or not investing majorly by DCA. I have never seen a real bitcoin investor with such crude mentality to intentionally sell at loss with the hope of a buyback.
I have invested in one shitcoins sometime ago and had initial lost-sale simply because I thought it would maintain its downward volatility but had a record loss within seconds as it eventually went far higher. Invest what you can leave for long and always make provision for emergency funds.