My own answer in regards to that poll is that I hardly have any clue.. of course, I see the current seemingly exuberant BTC price movement, but at the same time, I also appreciate that these kinds of UPpity price runs are capable of running out of steam at any moment - even though they do not have to run out of steam because the last time I checked dee real cornz is actually a scarce asset, so if a lot of the fakers have been disabled or taken out of the market (whether temporary or not), market conditions (momentum) can end up following a kind of exuberant path.. that could even take us up to the lower $50ks within a few weeks, but I could not imagine going past the mid $50ks without hitting some kind of meaningful resistance (or having a 25% to 35% or more correction).
Half of $50K is not too far for Bitcoin to reach especially in this month although I also don't think $25K level will get there anytime soon. Because yesterday Bitcoin had increased to over $23K and I assume that could be an indication of where Bitcoin is being bought back by a lot of people who may not have had the chance to buy it last year. And I expect the bullish path this month to be really strong although I won't be nervous about the next correction in Bitcoin.
I am NOT even suggesting that straight up BTC price movements would be impossible, and sometimes weird shit can happen in bitcoinlandia - especially based on some kinds of weird dynamics that we are in with an asset that has a limited supply, but a lot of the third parties have rug pulled or caused a decent amount of coins to get frozen (or at least vouchers for coins)..
So it does not hurt to prepare for UP, including preparing for decently sized corrections along the way that might or might not happen like you seemed to be suggesting Republikcoin.com - so it also depends on your own situation, and if we go by your forum registration date, you have potentially been in bitcoin as long as me, but when I look at the beginnings of your post history, your posts were surely not very bitcoin friendly or bullish, so it could be possible that it took you a bit of time before you figured out that it would be good to accumulate bitcoin and don't be fucking around with it too much.
So if you had largely been able to established a decently-sized bitcoin position prior to October 2020, then it could be the case that you are not feeling as much pressure to continue to accumulate bitcoin (not that anyone needs to necessarily stop accumulating bitcoin when opportunities to accumulate present themselves).
Yet, I will suggest that if you had been able to accumulate a decent stash, and even maybe re-accumulate more BTC in recent months, then it could be possible that you might just sell small amounts of bitcoin on the way up in case it might correct - yet surely i never recommend selling bitcoin in order to accumulate more bitcoin, but ONLY in the event that you already have established a more than a large enough bitcoin position.. which might be considered overinvestment or over allocation... and the devil's in the details regarding how to manage such a BTC stash that also likely depends upon other assets and investments that you have, including your cashflow considerations.
Over the years, I have been pretty strict in developing and attempting to follow my own system of BTC portfolio management, and largely I feel that I did most of my BTC accumulation between late 2013 and early 2017, then I mostly transitioned into a kind of maintenance stage - that also includes some BTC accumulation, but is more so focused on maintenance rather than my having very many concerns about BTC accumulation - except for hardly even being able to resist some level of additional accumulation in the past several months (including when we surprisingly went below the 200-week moving average in June and have largely been below it for the past 7 months), yet even given where I am at, my regular system does allow that I am able to sell up to 10% of my BTC holdings upon any doubling of the BTC price; however, I did a quick look at my current BTC sell orders between mid-$23ks and $52k, and it appears that my current BTC sell orders in that price range ONLY add up to about 1.7% of the size of my current BTC stash, so if I needed to sell more BTC, then I could sell an additional 8.3% and still be within my regular already authorized system that I have established; however, I am not currently seeing any kind of pressure to sell any additional BTC, even though I probably should learn some new ways to spend more money.. and it seems that I have already recognized that I have had some variation of that "need to spend more money" issue in recent times (such as the last few years) in terms of figuring out some ways to make sure that I am spending enough money on a regular basis...
.....and I guess that part of my point is that if we have already mostly gotten to a mostly BTC maintenance stage, then we are likely in a different position than someone who might perceive themselves to be in a BTC accumulation stage, and surely there are stages of BTC accumulation too.. so you could be a more mature accumulator rather than a beginning accumulator, which likely should give you more options if you are a more mature BTC accumulator, and I am not necessarily suggesting selling BTC in order to accumulate BTC - even though there could be ways to manage those more complicated ways to accumulate BTC... and surely more options exist the more BTC that you have accumulated, the more that you are in profits, and it surely is helpful when the BTC price is going up, too.. A person holding a decent amount of BTC should be hard-pressed to complain about the BTC price seeming to currently have a decent amount of UPpity price pressures... at least in the past week or two and as I type this post..
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