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Honestly it's been a challenging one for every investors sometimes it seems one should just go ahead and sell but the major fear is to sell in loss. Yeah this period there have been a lot of panic sellers due to the fluctuations in the price that's not favourable to the market. Selling now could results to a total damage but one can't predict the outcome so it's best to buy and hodl.
Of course, selling now or later when the price drops more further is a total damage and waste of time and energy in the sense that for a long term investor whose been accumulating and hold even when the price was higher and later hits the ATH, you didn’t sell as of that time, you hold until now and you are panicking to sell after holding for a long time even the period when the bitcoin price was doing well, it’s going to be a total waste of time if such person decides to sell now. My advice is that we should make use of the opportunity to even accumulate more, as a long term investor who truly understands the dynamics of bitcoin will know that the price of bitcoin will always increase even though it goes down at a point.
Continual accumulation is a better idea. Everyone who invests in Bitcoin will face pressure or temptation all the time. If you aim for greater future profits, it's better to be patient and never consider taking a loss. Price corrections are normal, and every time they happen, others will take advantage of the opportunity to add to their portfolio. You can also use these moments to lower your average purchase price.
It's true that it's very important to fully understand the dynamics of the crypto market before you make a decision. Many large companies and institutions have now adopted Bitcoin, which I think proves that the level of trust in Bitcoin has increased rapidly over time. Of course, this will cause the price of Bitcoin to continue to grow, so you don't need to worry.
Those who have an idea of the true potential of Bitcoin know very well that patience and regular savings are the most important factors for long-term success. There is no need to panic about the rise and fall of the Bitcoin market, this is a normal thing and those who have a real idea about the market, they think about buying more at this time, in terms of Bitcoin acceptance, big companies are now depositing large amounts of Bitcoin and every country is now accepting Bitcoin, and this fact proves very well how much potential Bitcoin has, if Bitcoin did not have the potential, companies would never have bought Bitcoin with such a huge amount of money, they believed in Bitcoin and had confidence in it and that is why they are depositing Bitcoin with such faith, Bitcoin's trust and acceptance are constantly increasing, so here you should focus on long-term goals, otherwise the opportunity for big success will be missed.