I don’t blame people who took profits from these prices. I can’t. You shouldn’t too. Will you pay for their loss if btc drops to below $100k next week? You might say they haven’t lost anything as long as they keep their bitcoins but let’s be honest here, we still live in a FIAT world where we price things using FIAT.
So if a guy sold his coins to buy a house, I would only congratulate him as that was probably one of the smartest decisions could be made.
If it is a car? It is not as smart as buying a home but it is still close as long as it is not a luxury car which I consider a liability.
It baffles me to see that many people usually use this narrative of others shouldn’t selling off their bitcoin, I don’t understand why, everyone has their profit target and my advice is once this target gets triggered you simply just follow your strategy. The only time I am against selling bitcoin is when it is at a loss because I know that this bitcoin will definitely rise again, but if it is to actually take profit then there is nothing wrong with that, there is never a loss at taking profit you only regret taking it earlier when it goes up.
Moreover there is always an opportunity to actually buy back again but it is not something i am really a fan off, once you decide to take profit just simply take profit and don’t go through the hurdle of actually selling to buying back later, if that’s your strategy it is a bad one. Take profit only to invest into other things or buy things, if it is to buy back later then there is no need selling off from the start