I think you hit the nail on the head with the psychology part. Even when we know logically we’re up and in profit, emotions don’t always follow logic. Market psychology is brutal — red candles feel heavier than green candles feel good. Loss aversion kicks in, and the fear of “what if it keeps going lower” takes over.
For me, I’ve noticed that the hardest part isn’t buying or selling — it’s sitting still. If you bought at 80k and we’re still way above that, in theory you should feel safe. But when everyone around you is negative, and you’re bombarded with charts predicting doom, it’s hard not to internalize that mood. Selling a little “for peace of mind” is more of a psychological hedge than a financial one.
Personally, I try to zoom out. Ask: will this price movement matter in 5 years? Usually the answer is no. That helps me stay calm, though I won’t lie — the urge to sell a bit “just to feel safer” is very real.