Crossed $11,000 but the rate of price increase looks scary to me,it won't be a bull trap right?
Anyways I am in the profits nearly after a year,planned to sell some of my holding at the end of this year?
This can be a good idea?
Well, out of the 10+ year history of bitcoin all sells would be regrettable but a brief 7 week period that was higher than now, and likely not for long, so it's almost never a good plan to sell BTC..
I sold like .8 BTC @ $300 for an intercooler and gofast bits, and regret it..
I still have that car with that intercooler and every time I see it it looks like a $5,000 intercooler made in china..
Then I sold like .8 BTC @ $9,500 in 2017 when it looked like it wasn't going to break $10k for the first time, for a nice car I am still daily driving today, and I regret it..
I didn't need the nice car, it is nice but I could just still be driving my rusty Subaru and have my .8 BTC back
So I would say no.. Unless you are absolutely starving to death it is basically never a good idea to sell BTC..
I am lucky to have what coin I still have and it is going to be very hard for me not to put it down on a new house/property investment, because I want a nicer house..
But I know if I sell @ $30,000 or so and it goes to $300,000 or whatever in the future I will deeply regret it for the rest of my life because this is my one and only chance to hold the best lottery tickets the world has ever seen..
If I sell their is no way I will ever be able to get them back..
I think I should suffer through my life of being half poor until the bitcoins are high enough for me to basiclly fuck off in a sailboat or something for the rest of my life, leave all the worldly BS behind, and then still only sell what I need to as I go instead of cash right out..
If I can resist buying a house.. But in the long term I don't even really want a house for anything other than rental income..