Bitcoin Crash: At what point should one rebalance?

[hous26]

I put a small amount of my investments into crypto and most of it was in mining hardware.  With this sudden deep crash I have become conflicted but not in the same manner as others here; the thought of selling crypto now is not present.  I believe in the technology and the resilience of Bitcoin but I'm also a conservative investor so I haven't put a significant amount of capital behind my beliefs.  Now I'm contemplating selling off some stocks that I hold and some mutual funds that I hold in a brokerage account.  My hesitation is that none of the money I put into crypto has been earmarked as "retirement funds" by myself and the stocks and mutual funds have been. 

So what do you guys think, should I liquidate some investments and double down on crypto?

BTW, its not the topic of this thread but if anyone is contemplating taking out a mortgage on their home to do something similar then I highly advise against that.

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[tophe15]

I put a small amount of my investments into crypto and most of it was in mining hardware.  With this sudden deep crash I have become conflicted but not in the same manner as others here; the thought of selling crypto now is not present.  I believe in the technology and the resilience of Bitcoin but I'm also a conservative investor so I haven't put a significant amount of capital behind my beliefs.  Now I'm contemplating selling off some stocks that I hold and some mutual funds that I hold in a brokerage account.  My hesitation is that none of the money I put into crypto has been earmarked as "retirement funds" by myself and the stocks and mutual funds have been. 

So what do you guys think, should I liquidate some investments and double down on crypto?

BTW, its not the topic of this thread but if anyone is contemplating taking out a mortgage on their home to do something similar then I highly advise against that.

If you're really taking the risk you can do both and hopes that bitcoin price will rise up again and your sacrifice(some investment) won't be useless. But due to some recent banning that will really affect the value of bitcoin, for me, I'll just keep my investment, my current crypto investment, and wait for what you think the right moment to double down on crypto

[Pragmatist]

If you "double-down" it will increase your chance of becoming very rich, but it will also increase your chance of becoming very poor.

It's a personal decision whether the benefit of the former outweighs the risk of the latter.

[BrewMaster]

i can't really advise liquidating other assets to investing in bitcoin, specially if those assets have lower risks and do give profit.
all i can tell you is that at times like this where price is dropping and there is no sign of recovery, i prefer doing nothing and waiting for the bottom. which is practically that "sign of rise" to come. it may take sometime but i am patient and i also like taking less risks in general.

[jseverson]

I do think right now is a good time to buy Bitcoin because "Buy the dip!", but I personally wouldn't touch my other investments for it, especially if I've already earmarked them as retirement funds. It's always a good idea to keep a diverse portfolio and as a conservative investor, a large portion of that should be on the safer side, which crypto isn't.

[xsudo23]

I would suggest that you keep your crypto, due to some factors like China banning Bitcoin completely, the prices have dropped down by almost 50% overall, but now's the time to actually invest in Bitcoin so my suggestion would be that you liquidate your funds. If you are in a considerable position to do so. Maybe not immediately but just like last year's price hike, there will be a time when the value of Bitcoin will increase.