Selling Bitcoin is stupid if you are selling it with loss, so on lower price than you have bought it.
But if you sell Bitcoin at convenient price, with profit or because you have to cover some needs than it isn't stupid. Generaly I beleive that Bitcoin is made for some concrete purpose so just keeping it in wallet endlessly also isn't the solution.
So everything depends on each individual, what are the goals and needs but it's important to find some balance between holding and selling.

I just hope that you were prepared for this loss and are aware that losses are inevitable part of trading.
In this case you probably over estimated yourself and had to big apetite for profit or maybe just made wromg decision.
Anyhow, the worse thing you could do is to try to recover this loss for any price in very short period of time. I suggest to make some strategy or plan how with investment of smaller amounts in more conservative way you will recover the loss. Just make sure that you give yourself reasonable time.

Always when the price is low is time for buying, this is nothing new. Periods of low price come from time to time, don't forget the Bitcoin volatility and it's good to be prepared with some extra funds for buying.
The price will go up.for sure after this correction and you will make profit. Actualy, this is the main rule how to make the profit, buy low and sell high. But I thought this is well known by now.

I beleive there must be some other explanation, probably connected with some techical issues. Many circumstances that you have entered here are not clear enough.
It's hard to beleive that Mycelium would stole the funds from you, they are trustworthy and so far I have never heard any complaint on their account. I also use it for a long time and must say that I have no negative remarks whatsoever.

I think that every price below 10000$ is convenient for buying. Of course it depends also on your financial possibilities but you can't go wrong. It might happen that price will drop a little bit more but I don't expect this would be under 6000$.
Based on my past experiences I beleive that you will not regret if you buy now, you will have the profit for sure, the question is only how much.

Situation with price like we are having now might take a while. It seems like Bitcoin is moving back and forth all the time but stays in the framework between 6000$ and 8000$.
Currently I don't see situation on the market that might change situation and move the Bitcoin price significantly up so probably for the next month or two Bitcoin will stay under 10000$.

No matter this extensive explanation this makes no sense to me. Yes, Bitcoin price can change very quickly and different factors can influence the price very harsh and quickly but such dramatic sudden change is not going to happen, at least not over night.
To my opinion Bitcoin will take some time to recover, maybe even a whole year or longer to achieve or exceed 20000$ peak.
But still it's nice to see your enthusiasm and optimism.

And how relevant are the McAfee predictions? This is the first question we have to ask. Besides I stoped to read and care about predictions a long time ago. In most cases they are just pure guessing and mostly come from people or institutions that are not very relevant in cryptocurrencies world and just want their moment of glory.
So don't burden yourself with that, there is no use anyway.

I wouldn't suggest to do that, this would be pure misuse of merit system and according to forum rules is not allowed.
I know it's not easy to get the merit and users often nanipulate with it but buying/selling it it's not recommended at all.
I wonder why people always have the urge to spoil something and turn something good into bad. And is profit the only motive that moves them, even when it comes to merit?

To my opinion localbitcoins is prety unsecure place to keep Bitcoins. Of course, it's not a wallet and it's purpose is not to keep your coins permanently there but if you want to trade/exchange they have to be available to you.
I think localbitcoins have security breaches too often and so far I have received several notices about attempts of unauthorized access to my account so I started to avoid localbitcoins. And this is happening all the time to many users.
It seems that hackers see it as an easy target so they realy should work more on security.

Bitcoin has promoted blockchain, that is how I see it but blockchain can and will survive without Bitcoin.
Blockchain is new progressive technology that can be implemented in almost any other kind of industry and many businesses are testing all the possibilities for their biger success and profit.
The real effect and possibilities of blockchain might be visible few years from now.

I will say that any price is possible, it's defined by market and supply and demand ratio. Whatever the price are users willing to pay the Bitcoin will have. But that is theory and in practice things are functioning different.
For this year I'm not so.optimistic and I think that 10000$ or 15000$ would be the max price Bitcoin can reache.
For the future, who knows, everything is possible.

This situation now I wouldn't call strong correction, it's been much worse. Currently this is still moderate corrections and at the moment I don't see the signs that it could go even deeper.
So watch the market closely and keep up with changes but don't start to panic and don't get under influence of different false information and FUD.
So far I haven't read any prediction with solid ground and explanation that makes any sense so I consider this all to be pure speculation.

Fully agree with that. Yes, so many cryptocurrencies appear all the time but how many of them will actualy survive on the market? So like it's already said we might expect many failed projects and nany disappointed people with losses and victims of multiple scam. And that is one more reason why we need regulation and order on the market.
Be careful when you choose crypto you might suffer big damage.

Currently we are facing another Bitcoin price correction. I know that many users are becoming very unpatient expecting for price to rise and also more important to breach this magic boundary of 10000$ to move up.
Still I don't expect this to happen so soon, at least not this month.
Probably the price will keep going back and forth around 7000$ for a while so I despite my wishes I don't expect the price to rise.

Realy, it's not worth waisting words anymore on such threads. Every time the price goes down so called experts appear from every side spreading panic with their predictions based on nothing. You could at least put some more efforts in explaining your theory.
And even if the price goes to 5000$, so what? It's another opportunity to buy more coins and get prepared for future profit.

Long term trading is less risky. It gives you more space and time for making decisions and wachtch the market, it's less stressful and less dynamic than day trading. Also with long term trading you don't have to spend so much time like with day trading.
Maybe you will earn less and it will take more time to make the profit but it's safer way of trading especialy for the beginers.

I would realy like to know what is the ground for your prediction, if there is any at all? Or you just one of those who come here writing the posts just to write something not thinking at do they make any sense.
Any scenario with Bitcoin is possible and the price can go as low as the market allows but if you start a thread like this I would like to see some more quality information and not spreading panic and FUD with pure guessing.

For me this is just another confirmation that majority of cloud mining sites are scam. What they are offering to users with their contracts is a phishing for naive people and the holders of such sites are greedy criminals to say it very openly.
I don't now if there are barely few legitimate cloud mining sites so my strong advise is to avoid such options unless you want to end up scamed with big losses.

I still think that only few very capable can make for living only from crypto. It's a risky job without certain future so you never know whether you will have enough funds to cover all your daily needs and take care for your family if you have it.
So the best option for majority of average crypto users is to have some regular steady job and some part time job related to cryptocurrencies. This will also give you some feeling of security so might be more relaxed with crypto trading and thus also more successful.