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
It is reasonable not to sell for just a minimal profits since it's significant to whatever it can be use for will be very small, selling to buy back is a complete waste of time, it might be truth that everyone has their profits targets but taken decision that can be regretted should be avoided, some who sold at their profits target in the time past seeing where Bitcoin has gotten to today can be full of regrets for most people that sold back then, it is true about people not starting the journey at the same time and of course with different inputs but however, if any one can do whatever they like with the value of their Bitcoin then such decision making should also be accounted for by accepting the responsibilities of their actions.