Hi all
Looks like a short term draw back is in order for BTC.
I am thinking of selling to then buy back.
I am reluctant to do that, to be honest, before asking knowledgeable people about whether there still be Bitcoin waiting to be bought by me in next correction? I mean BTC availability due to its growing scarcity.
(Considering the volumes in which Black Rock, Michael Saylor and other big players are gobbling down BTC...)
Your thoughts please
Yeah a few years ago, I also assumed Bitcoin peaked, decided to sell it all and buy it back cheaper, I think it was when Bitcoin hit $2000 in 2017 or so. And guess what, it never returned to $2000, I think the lowest was $3500 during Covid or during that Nov 2018 crash.
You will never time the market correctly, you will sell way too early and miss a huge bull market like I did back in 2017. Its the same with stocks. Look at TSLA or NVDA, many assumed it would pullback and they rarely did. And those that sold missed out on huge huge gains.