Is it really a big mistake to sell portion of your bitcoin and then rebuy back when the price has dip?
in my opinion, it’s not a mistake. by doing this, you are increasing your amount of bitcoin. if you know when a dip might happen, you can sell some or half of your bitcoin before that. but if you sell without knowing and it leads to a loss, then it’s your loss. everyone wants to increase their bitcoin holdings because bitcoin is digital gold. if you can save it now, you won’t need to look for an income source in the future. if you have any early warning signs, then doing this is a good choice.
I'm interested in responding to this as well. Perhaps this is a good time, as BTC hasn't positioned itself to rise and is currently entering an accumulation period, although there is considerable selling pressure from several large institutions, who are also present, selling some in the near future but the problem is, we don't know whether this decline will continue, whether for two days or a week. In my opinion, just a few, not all of this, even if they buy again.
There are usually three normal behaviors: short-term traders, long-term holders, and panickers who are willing to sell low when they actually bought high. But, the most unpleasant and wrong thing is when someone enters the market and buys based on guesswork without a plan and following the current market direction. Don't let your days be wasted by just staring at price charts.
There is no problem any where no matter the amount of days bitcoin takes to decline and stands up back it does not matter, all that matters right now is that as an investor you have to take advantage of the price decline in the market to accumulate more in your portfolio, it is a normal thing happening in the price of bitcoin, those selling off their coins now are traders, real investors don't do that instead look for more money to increase their holding for more long-term , or an Investor that has reached his over accumulation stage and is selling part of it, that is well understood, so the present bitcoin price should not make you panicking, it is normal, it has been happening before and it will still continuing to be happening,so use this opportunity well, forget about others and think about yourself because what they are doing now is beneficial to them.