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
Let me tell you my experience. I have been a holder for most of my crypto journey and didn't prefer to sell in the last 2 bull cycles.
I thought of taking profits and then buying back at lower price so that I get to accumulate more bitcoin in this bull cycle.
I tried that and miserably failed because my entry and exit points turned out against me. I tried it 3-4 times in this bull cycle but failed every time.
This decreased my portfolio significantly and I feel terrible for that but this doesn't mean you will suffer the same but surely yeah it is one of the possibilities.
I feel it would have been so much better if I would have just preferred to hold instead of looking at those extra profits.
So unless and until you are really damn sure of the trades you want to attempt, I would suggest to avoid it.