The current time is a period to buy more bitcoin, the greed index is still prevalent and everyone believes that the price of bitcoin will continue to rise, even those who sell now the intention that the price of bitcoin will decrease in the short term and is an opportunity to buy more bitcoin for the long term.
If you are an investor, it is an ideal opportunity to buy, and if you are in circulation, it is a good opportunity for sale and purchase at a cheaper price in the coming weeks.
I won’t sell except for problems my emergency funds can’t solve because I know I am right to continue buying bitcoin. When I look at my wallet I don’t believe that I am able to hold that much I see in it. Small saving can quickly add up. Be like me and just continue with saving the small you have .
-CJay
. But if you are still in the accumulation stage and you are still new to investing in bitcoin (1 or 2 years) I think it is better for us to continue to do Hodl and continue to do DCA. Because in my opinion bitcoin investors who have not reached the accumulation target, it is better not to think about selling their bitcoin first. Because basically it is not ideal to do. Besides that, how do you know a few weeks from now the price of bitcoin will go down? I don't think you need to say that, because the price of bitcoin is very difficult to guess. So your prediction that says the price of bitcoin will drop in a few weeks, I think it is speculation that cannot be trusted. In addition, if you are too hopeful to buy bitcoin when the price drops, I think you need to rethink that. Because it could be that you lose a lot of momentum in order to wait for the price of bitcoin to drop to buy it. So it's better to just do DCA instead of waiting too much.
Do you now conclude that a person who has accumulated bitcoin through two cycles of bitcoin have reached his accumulation target? That very deceitful and untrue. Someone who has accumulated through 2 bitcoin cycles have probably gone through 8 years of continuous investing probably by DCA which does not guarantee achieving an accumulation target because; the amount invested by DCA might be too small because of his responsibilities or his accumulation is far stretched to be achieved just within 8 to 10 years. As someone who's still active in service and who have been in bitcoin investment for 8 to 10 years, do you now have a mandate to sell? Holding continues in which ever instance because bitcoin still has more in store to offer.
Selling off your bitcoin now may mean quitting bitcoin investment when price rises beyond your expectations that you now have to add more money to acquire equal bitcoin as you sold. Speculating on when to buy bitcoin at dip is not right in any form. Bitcoin volatility still doesn't imply that anyone could successfully predict what the next direction of bitcoin would be. If anyone could rightly predict that, then investors would choose trading over long-term holding. So waiting for a price of choice is a total waste of time as you can start today at any amount you meet bitcoin because the hope of more ATH is still there.
I think you don't understand the assumptions I conveyed, because I said for people who have met their accumulation targets it is okay to sell
a little bitcoin to enjoy the results. Then about whether someone has reached their bitcoin accumulation target or not after two cycles, I think I have also given that point in my post. Because you need to pay more attention that I only said it was okay to sell a little bitcoin for people who have reached their accumulation target and also have 2 cycles of hodl. So for people who haven't reached the target, definitely don't sell their bitcoin first.
Because basically we have to think more realistically, so enjoying a little profit from investing in bitcoin will not make our bitcoin assets run out. Because I need to emphasize again, I'm not saying sell all the bitcoin, but just a little bit. Because in my personal opinion by enjoying a little result from the bitcoin investment that we have held for 2 cycles will make our minds clearer and motivated again. Because basically we are humans who certainly need to have motivation and need to think more realistically.