What's your take on this? Given the period we're in is it buy time or sell time?
For someone like me, I can't say this is sell time cause it's still very early, I'll have to accumulate and hoard as much as I can for like 10 years before I could consider selling and that's what every investor that just started hodling for about few years or a year ago should consider, we still have lots to achieve so it's definitely not sell time even though the market seems friendly currently and trending upwards.
Well for someone that's held for a decade, two decades, etc this period can be their sale time, don't get me wrong the can sale some stash to diversify to other options I mean investment options but would still continue buying at any given opportunity with the DCA.
I think those who have held bitcoin for a long time like a decade or more, Sold when we first hit the psychological milestone of $100k, though not entirely all and there are still those holding on to their stash. The answer to Dorkylick question is based on personal investment goals of individuals cos what might be sell time for Mr A might be a Buy time for Mr B depending on their goals and time of investment. I don’t think there’s any investor that will sell all of their stash It’ll normally be part.
Generally I think now is buy time considering bitcoin jus hit $100K few months ago and we’ve experienced atleast two pullbacks. Bitcoin is just gathering momentum to move up higher so I’ll consider now a buy, plus bitcoin is yet to hit it’s peak so buying now is potentially still early.
Those who hold for over a decade now are who will call the true investors of bitcoin and they have long-term holding mentality and they believe in the potential growth of bitcoin and even though the price hitting $100k was a target for many investors and not only long term hodlers but due to the how the price of bitcoin was rising made some long term investors to still hodl despite that they targeted $100k to sell part of their holdings. We are now familiar with the price hitting $100k, even though it has pull back below and still later surpass, another target selling price of some investors now is $150k to $200k which some will take profits while others who still have long term targets will also hodl. If you observe the market, you will know that many are hodling, there is not much selling pressure anymore and most investors have moved their bitcoins from exchanges to non-custodial wallets where it will be safe which means we should be expecting upwards movement since the market is still trying to gather force that will make the price to skyrocket.
Every investor is taking advantage of the market, as it DIPs, some investors will buy and if it skyrockets, some investors will also sell but it is not a good approach for an investor to have a trading strategy of buying at DIPs and selling at highs, the goal is to achieve a sizeable portfolio in the long term and not to practice short term trading.