~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.
Does this talk lead to panic when there is a price drop that occurs in bitcoin, if true why should you panic selling. Because if you are a long-term investor in bitcoin, you should not sell your assets when there is a price correction or decline. Because remember the goal of long-term investment is definitely more than two cycles, so why should you sell it because you panic. Because basically the price of bitcoin will definitely continue to experience a higher increase even though there will definitely be a correction. So the point is not to instill a trader's mindset when investing in bitcoin. Because it is certain that if a trader's mindset is applied to the investment that we are running in bitcoin, I am sure the results will not be as optimal as investors who are truly total with their determination.
In addition, about selling, maybe this can indeed be done when our accumulation goal has been achieved. For example, if you intend to have 10 bitcoins by using the DCA purchase strategy. So before that goal is achieved, I think you shouldn't think too much about taking advantage. Because if before the target is achieved you have started selling your bitcoins, the results of your bitcoin investment profits will definitely not be optimal (although gradually). That is why before we reach our target (the number of bitcoins we want to own), it is better for us to focus on continuing to accumulate.
The mistake that most investors found in this category made is that they don't properly position their minds towards what they are doing, you can't apply the same idea or strategy in dealing with altcoins to bitcoin, that is not possible because is far better and advanced to invest than other cryptocurrencies, now going further on panic, I don't know why there should be panic when we are not new to the system, if the market dips then you hold and when it pumps you sell, there's no need for FOMO because this is what will cause some investors to now go into the actual loss they would have avoided from the first time.
We should not trade in fear, it helps in nothing than to instigate us to lose, because we don't know what to expect and also what may comes in after we have invested, some traders have stand on their ground to the toughest time and ensure that they remained there till it passed and it later turns a profitable one for them, when we are experienced at what we do, we are not going to fall a victim of fear or be intimidated by the market reaction, instead we are going to remain till we turn the table around on our own personal interest and our investment turns a profitable one.