In times like this, I wonder where are the pessimist and those who always see Bitcoin to be dumping haven’t come so close to a previous all time high…
These are the people that would tell you to sell or maybe swap to USD so as to preserve its value and guess what, Bitcoin could be really defying as it’s gone against all odds to produce another ATH at $118.8k and it’s not stopping on its bullish formations.
Your thoughts on this?
Holders who are selling their Bitcoins right now are not pessimistic because we don't know how long they've been holding their assets or their intentions for selling Bitcoin.
Furthermore, even if you believe Bitcoin will continue to rise, that doesn't mean you shouldn't take profits, as the holder's primary goal is profit, not simply holding Bitcoin.
So don't forget to take profits, you just need to strategize how much to sell and how much to hold.