Since the beginning of this year we all have seen how bearish (which have also dragged some negative thoughts on investors) the market price have been and it can not be compared to how Bitcoin price was as of last year and some will agree that last year was the best to have given us 6 digits and the ATH which is $126k and ever since we saw that figure the whole market movement started falling and we still have those who are still holding till date, that alone made me to wonder, for how long are we still going to hold even when the market is dropping off more than we expected?
Talking to you from a distance and same time, we are Bitcoineers.
In the first place, there is no one in any position has the right to decide your risk levels of when to sell your Bitcoin but you should be
wise enough to know that as you holds the coin for an asset value and not a token for our everyday expenses as the fiats may serve to pay for goods and services which Bitcoin is not exceptional all the same, if you can agree with me that the goal of holding the Bitcoin is to hedge against inflations and same time, yielding you profits, then you should be able to hold it until you reaches your investment goals.
You don't need to be mindedly manipulated to make decisions of selling over short term market influence, you don't even need to sell under pressure but sell when you desires it. Of course it could be for necessary needs but if you have a backup funds you don't need to sell under pressure. You can also sell when you are
pleased with the profits outcome.
Long term goal is always preferable to hold so that you would have enough time to multiply your profits.
Also remember that ATH comes and goes that if you sell out of FOMO, better days will come when Bitcoin prices will multiply the previous ATH.
This thread would fit and more relevant in the beginners and help to educate beginners.