Bitcoin is headed for the stars, but to make the most profit, the Big Bitcoin Investors are causing BTC to jump around a bit. Bitcoin hangs at $20,000... going up and down, say, $500. Then it does the same at $21,000, and $22,000, and $23,000. All the little people get scared, and sell off to the Biggies before the profit goes sky-high and beyond.
Sell your bitcoins if you need food. It doesn't make sense to starve to death hoping that you will live off BTC profits.
But if you can, hang onto the Bitcoins you have. Because you will be rich when BTC goes to a $million or higher.
Yes, many people are recalling the 2018-2019 bear market now. This was a major shock for those who were optimistic about Bitcoin's prospects. People are scared.
They don't believe in Bitcoin's growth and are waiting for a major correction.
In my opinion, in this situation you should not panic.
We are currently seeing organic growth in bitcoin. Fiat currencies are losing their value, which is why institutional investors turned their attention to Bitcoin.
The world needs such a deflationary financial asset.