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historically bitcoin is already a store of value with potential returns if the price drops it we still rise again and many people fail to understand this fact about bitcoin rather they sell in panic, bitcoin is not shitcoins that you will buy and sell in panic at all, less forget about the dip and accumulate bitcoin the more since we are already buying bitcoin to hold for long term, don't sell in panic because bitcoin dip to certain price rather it as an advantage to buy aggressively, and trust me those who sell in panic when bitcoin price dropped will definitely regret it in the future, because it will be very difficult for them to buy back to get back on track.
Global economic changes may influence some investors to sell bitcoin temporarily and secure their profits - but because of their experience and sufficient technical knowledge, I am sure they will come back and buy more to get another return. I do not always blame selling - sometimes it is necessary for various reasons, but if your investment goal is for the long term then you should not be affected by anything.
If some people here were given the choice to sell at $108K or hold until the price drops to $74K - then I am sure they would choose to sell at $108K and buy again at $74K. But instead of changing their long-term investment plan - some investors also accumulate, meaning they can buy at another low while holding the previous bitcoin.
There is no way to know with any exactness when to sell and/or when to buy back, so many times, it is not worth it to even try, especially if guys are still relatively new to bitcoin.
It seems to me that guys should be striving to build up their bitcoin through buying only until it gets to a certain size in which they might feel some liberty to start to trade with some of it.. or to sell some of it since maybe they reach overaccumulation status.
Another thing is that and overwhelming majority of folks trying to trade end up doing worse than long term HODLers and/or BTC accumulators, yet if some guys cannot resist their urge to trade and/or gamble then maybe they should limit such fucking around to less then 10% the size of their bitcoin holdings... and maybe stave off some of their degeneracy tendencies.
Even if we go with your forum registration date of October 2020, _BlackStar, you could have had accumulated a decent amount of BTC by now if you were able to mostly accumulate BTC, and surely you would have had done even better if you had been able to front load your bitcoin investment in the first few months of your forum registration time... and I am not referring to trading, I am referring to accumulating bitcoin in a persistent, consistent, ongoing, regular and perhaps even aggresssive way.
I am not sure if I know enough of your details to make a hypothetical in regards to if you might have had been able to frontload your BTC investment in late 2020... I understand that it might be difficult since late 2020, the BTC price quickly went from being around $10k to about $30k to $40k in a few months... so there can be times when it is tough to get in, and maybe it would have had been better to have had been able to get into bitcoin earlier in 2020, if you happened to have had the chance, prior to that late 2020 run up period...and so frequently it is better for guys to spend time building up their bitcoin holdings (even times like right now) prior to run ups that might end up occurring later, and sure we don't really know, and run-ups are not guaranteed, even though it can be nice to figure out ways to establish our position and make sure that we are prepared for UP.. rather than trying to trade this great asset (namely bitcoin).
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Yeah that's bitcoin for you with it's amazing movement, while
alot of people still have the mindset of bitcoin going down to $10k which is quit funny because they will wait till they finally realise is not happening, they should better take action now or they will just remain there doubting while others are building their bitcoin investment and winning , don't forget that anytime is the right time to purce bitcoin .
There are always a lot of guys with unrealistic expectations of BTC price dips that won't end up happening, and they fail refuse to take advantage of current prices, whether we are referring to buying dips, or just ongoing buying.. So yeah, sooner or later the guys who had been buying are going to realize the strength of their ongoingly having had been buying bitcoin, and if they do such buying of bitcoin for a whole cycle then their likely average cost per BTC is around the same as the 200-WMA.. which tends to be a good place to be.
-snip-
historically bitcoin is already a store of value with potential returns if the price drops it we still rise again and many people fail to understand this fact about bitcoin rather they sell in panic, bitcoin is not shitcoins that you will buy and sell in panic at all, less forget about the dip and accumulate bitcoin the more since we are already buying bitcoin to hold for long term, don't sell in panic because bitcoin dip to certain price rather it as an advantage to buy aggressively, and trust me those who sell in panic when bitcoin price dropped will definitely regret it in the future, because it will be very difficult for them to buy back to get back on track.
Global economic changes may influence some investors to sell bitcoin temporarily and secure their profits - but because of their experience and sufficient technical knowledge, I am sure they will come back and buy more to get another return. I do not always blame selling - sometimes it is necessary for various reasons, but if your investment goal is for the long term then you should not be affected by anything.
If some people here were given the choice to sell at $108K or hold until the price drops to $74K - then I am sure they would choose to sell at $108K and buy again at $74K. But instead of changing their long-term investment plan - some investors also accumulate, meaning they can buy at another low while holding the previous bitcoin.
selling bitcoin at $108k in other to buy back cheap when it dip depends on how long you have hold unto your bitcoin investment if you have hold your bitcoin investment from 4 years and above and you sell in other to buy back it's good less take for example now, less say you bought bitcoin around 2015 when bitcoin was between $150k and $500k if am not mistaken and you sell when bitcoin was $108k it is good investment.
You are living in a fantasy if you think that afterwards you can figure out that you should have had sold at $108 and bought back at $74k.. Guys who think like that don't tend to have a lot of bitcoin, even if they had gotten into bitcoin in 2015.. They were too busy fucking around trying to figure out when to buy BTC and when to sell BTC rather than focusing on ongoing, persistent, consistent, regular and perhaps even aggressive buying of BTC.