Are you tempted to sell?

[ShowOff]

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Honestly it's been a challenging one for every investors sometimes it seems one should just go ahead and sell but the major fear is to sell in loss. Yeah this period there have been a lot of panic sellers due to the fluctuations in the price that's not favourable to the market. Selling now could results to a total damage but one can't predict the outcome so it's best to buy and hodl.

Of course, selling now or later when the price drops more further is a total damage and waste of time and energy in the sense that for a long term investor whose been accumulating and hold even when the price was higher and later hits the ATH, you didn’t sell as of that time, you hold until now and you are panicking to sell after holding for a long time even the period when the bitcoin price was doing well, it’s going to be a total waste of time if such person decides to sell now. My advice is that we should make use of the opportunity to even accumulate more, as a long term investor who truly understands the dynamics of bitcoin will know that the price of bitcoin will always increase even though it goes down at a point.

Continual accumulation is a better idea. Everyone who invests in Bitcoin will face pressure or temptation all the time. If you aim for greater future profits, it's better to be patient and never consider taking a loss. Price corrections are normal, and every time they happen, others will take advantage of the opportunity to add to their portfolio. You can also use these moments to lower your average purchase price.

It's true that it's very important to fully understand the dynamics of the crypto market before you make a decision. Many large companies and institutions have now adopted Bitcoin, which I think proves that the level of trust in Bitcoin has increased rapidly over time. Of course, this will cause the price of Bitcoin to continue to grow, so you don't need to worry.

[ChocolateBitcoinK]

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Honestly it's been a challenging one for every investors sometimes it seems one should just go ahead and sell but the major fear is to sell in loss. Yeah this period there have been a lot of panic sellers due to the fluctuations in the price that's not favourable to the market. Selling now could results to a total damage but one can't predict the outcome so it's best to buy and hodl.

Of course, selling now or later when the price drops more further is a total damage and waste of time and energy in the sense that for a long term investor whose been accumulating and hold even when the price was higher and later hits the ATH, you didn’t sell as of that time, you hold until now and you are panicking to sell after holding for a long time even the period when the bitcoin price was doing well, it’s going to be a total waste of time if such person decides to sell now. My advice is that we should make use of the opportunity to even accumulate more, as a long term investor who truly understands the dynamics of bitcoin will know that the price of bitcoin will always increase even though it goes down at a point.

Continual accumulation is a better idea. Everyone who invests in Bitcoin will face pressure or temptation all the time. If you aim for greater future profits, it's better to be patient and never consider taking a loss. Price corrections are normal, and every time they happen, others will take advantage of the opportunity to add to their portfolio. You can also use these moments to lower your average purchase price.

It's true that it's very important to fully understand the dynamics of the crypto market before you make a decision. Many large companies and institutions have now adopted Bitcoin, which I think proves that the level of trust in Bitcoin has increased rapidly over time. Of course, this will cause the price of Bitcoin to continue to grow, so you don't need to worry.

Those who have an idea of ​​the true potential of Bitcoin know very well that patience and regular savings are the most important factors for long-term success. There is no need to panic about the rise and fall of the Bitcoin market, this is a normal thing and those who have a real idea about the market, they think about buying more at this time, in terms of Bitcoin acceptance, big companies are now depositing large amounts of Bitcoin and every country is now accepting Bitcoin, and this fact proves very well how much potential Bitcoin has, if Bitcoin did not have the potential, companies would never have bought Bitcoin with such a huge amount of money, they believed in Bitcoin and had confidence in it and that is why they are depositing Bitcoin with such faith, Bitcoin's trust and acceptance are constantly increasing, so here you should focus on long-term goals, otherwise the opportunity for big success will be missed.

[noormcs5]

To the average investors, this can be very troubling as many will be considering to sell to avoid further depletion of their asset. But is this the right thing to do? Do you plan to sell now to avoid further loss?

Many people in some of the groups I know are thinking about converting to USDT to convert back to BTC after the rainfall stops but I don't thing this is a wise decision. Personally I have resolved to continue buying this time. What do you think?

Honestly it's been a challenging one for every investors sometimes it seems one should just go ahead and sell but the major fear is to sell in loss. Yeah this period there have been a lot of panic sellers due to the fluctuations in the price that's not favourable to the market. Selling now could results to a total damage but one can't predict the outcome so it's best to buy and hodl.

Of course, selling now or later when the price drops more further is a total damage and waste of time and energy in the sense that for a long term investor whose been accumulating and hold even when the price was higher and later hits the ATH, you didn’t sell as of that time, you hold until now and you are panicking to sell after holding for a long time even the period when the bitcoin price was doing well, it’s going to be a total waste of time if such person decides to sell now. My advice is that we should make use of the opportunity to even accumulate more, as a long term investor who truly understands the dynamics of bitcoin will know that the price of bitcoin will always increase even though it goes down at a point.

The question is why people want to sell or even if they don't sell they are fearfull that by not selling they have made a wrong decision.  There are number of reasons for peaceful emotions.

First as we know that we are right at the end of the bull market and only few months are left before the bear market will trigger. So people want to sell at any good price they get but they're fearful that if they don't sell in the high current price and the price dumps, then they may lose their profit gains.

[Proty]

To the average investors, this can be very troubling as many will be considering to sell to avoid further depletion of their asset. But is this the right thing to do? Do you plan to sell now to avoid further loss?

Many people in some of the groups I know are thinking about converting to USDT to convert back to BTC after the rainfall stops but I don't thing this is a wise decision. Personally I have resolved to continue buying this time. What do you think?

Honestly it's been a challenging one for every investors sometimes it seems one should just go ahead and sell but the major fear is to sell in loss. Yeah this period there have been a lot of panic sellers due to the fluctuations in the price that's not favourable to the market. Selling now could results to a total damage but one can't predict the outcome so it's best to buy and hodl.

Of course, selling now or later when the price drops more further is a total damage and waste of time and energy in the sense that for a long term investor whose been accumulating and hold even when the price was higher and later hits the ATH, you didn’t sell as of that time, you hold until now and you are panicking to sell after holding for a long time even the period when the bitcoin price was doing well, it’s going to be a total waste of time if such person decides to sell now. My advice is that we should make use of the opportunity to even accumulate more, as a long term investor who truly understands the dynamics of bitcoin will know that the price of bitcoin will always increase even though it goes down at a point.

The question is why people want to sell or even if they don't sell they are fearfull that by not selling they have made a wrong decision.  There are number of reasons for peaceful emotions.

First as we know that we are right at the end of the bull market and only few months are left before the bear market will trigger. So people want to sell at any good price they get but they're fearful that if they don't sell in the high current price and the price dumps, then they may lose their profit gains.

There maybe several reasons why some investors may choose to sell or panic whenever there is market correction. Investing money that is not your discretionary income can lead to this , just imagine someone who invested his or her house rent into bitcoin. This kind of person will always be afraid or panic to sell because the fear of losing his funds will be very high compared to someone that invest with his discretionary income. Longer terms holders should always follow the right investment plan in other not to sell off their assets before the anticipated timeline due to lack of proper planning.

[SamReomo]

First as we know that we are right at the end of the bull market and only few months are left before the bear market will trigger. So people want to sell at any good price they get but they're fearful that if they don't sell in the high current price and the price dumps, then they may lose their profit gains.

Yes, it seems like the bull market might end before 2026 and then we may enter bear market and that's very fearful for some people. In bull market price moves upward and currently many people are already in huge profit if they've invested in Bitcoin during last bear market, however such people also have fear that in future when bear market takes place out of no where then they might lose their profits and not make much profits and that's the reason why they might end up selling their Bitcoin.

[Orpichukwu]

Honestly it's been a challenging one for every investors sometimes it seems one should just go ahead and sell but the major fear is to sell in loss. Yeah this period there have been a lot of panic sellers due to the fluctuations in the price that's not favourable to the market. Selling now could results to a total damage but one can't predict the outcome so it's best to buy and hodl.

Someone selling in this current market situation can only record a loss if they bought at a price higher than what we are currently at; if not, there are many who are still in profit, and selling now might not be because they are losing but because they are uncertain of which phase the market is going to take, as it usually starts this way that we can just move from a bullish market down to a bearish one. Some people just want to play safe, which is what short-time traders usually do.

[Leahized]

A very good opinion, everyone has different Money Management arrangements, besides that not everyone has free money, some use money for living needs, some even owe money to certain parties to invest in Bitcoin, so the selling price set by each person varies according to personal circumstances or the current market situation, so that if the target has been reached they choose to sell for certain reasons.

Yes it is exactly everyone's own goal, but not everyone's goal in management is one. It usually depends on the income. The more money they earn, the more they can save money and do Money Management. On the other hand, I never think the method of lending money to others when investing is right. Because investing will always benefit or make money it is not possible. And we all should remember that investing can make our money loss. That is why we should always be careful if we invest. And long -term thoughts should always be done, so that investing will not lose money.

[Umulala-alala]

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Honestly it's been a challenging one for every investors sometimes it seems one should just go ahead and sell but the major fear is to sell in loss. Yeah this period there have been a lot of panic sellers due to the fluctuations in the price that's not favourable to the market. Selling now could results to a total damage but one can't predict the outcome so it's best to buy and hodl.

Of course, selling now or later when the price drops more further is a total damage and waste of time and energy in the sense that for a long term investor whose been accumulating and hold even when the price was higher and later hits the ATH, you didn’t sell as of that time, you hold until now and you are panicking to sell after holding for a long time even the period when the bitcoin price was doing well, it’s going to be a total waste of time if such person decides to sell now. My advice is that we should make use of the opportunity to even accumulate more, as a long term investor who truly understands the dynamics of bitcoin will know that the price of bitcoin will always increase even though it goes down at a point.

Continual accumulation is a better idea. Everyone who invests in Bitcoin will face pressure or temptation all the time. If you aim for greater future profits, it's better to be patient and never consider taking a loss. Price corrections are normal, and every time they happen, others will take advantage of the opportunity to add to their portfolio. You can also use these moments to lower your average purchase price.

It's true that it's very important to fully understand the dynamics of the crypto market before you make a decision. Many large companies and institutions have now adopted Bitcoin, which I think proves that the level of trust in Bitcoin has increased rapidly over time. Of course, this will cause the price of Bitcoin to continue to grow, so you don't need to worry.

Bitcoin purchase should be done regularly the importance of the dca strategy is to buy bitcoin at every week or monthly and the price of bitcoin will not affect your purchase you can buy when the price is high or low consistent purchase and hold for long since the price of bitcoin is volatile but appreciate in value the time, people who get worried about the ups and downs of the bitcoin price are people who want to sell in a short while and this is the behavior of a traders and they most times sell in lost.

[Republikcoin.com]

Bitcoin purchase should be done regularly the importance of the dca strategy is to buy bitcoin at every week or monthly and the price of bitcoin will not affect your purchase you can buy when the price is high or low consistent purchase and hold for long since the price of bitcoin is volatile but appreciate in value the time, people who get worried about the ups and downs of the bitcoin price are people who want to sell in a short while and this is the behavior of a traders and they most times sell in lost.

Not all traders will sell at a loss. As long as they are patient enough to wait for profits, they will certainly make them when the price starts to rise again. However, it's certainly beneficial for everyone to hold Bitcoin long-term for greater profits in the future, as Bitcoin always has high demand in the market, so the potential for growth is always there. I also like this strategy to this day because it can be implemented more easily without any difficulties, although for some people, consistently buying Bitcoin can be a bit difficult without a monthly income.

[jems]

Bitcoin purchase should be done regularly the importance of the dca strategy is to buy bitcoin at every week or monthly and the price of bitcoin will not affect your purchase you can buy when the price is high or low consistent purchase and hold for long since the price of bitcoin is volatile but appreciate in value the time, people who get worried about the ups and downs of the bitcoin price are people who want to sell in a short while and this is the behavior of a traders and they most times sell in lost.

Not all traders will sell at a loss. As long as they are patient enough to wait for profits, they will certainly make them when the price starts to rise again. However, it's certainly beneficial for everyone to hold Bitcoin long-term for greater profits in the future, as Bitcoin always has high demand in the market, so the potential for growth is always there. I also like this strategy to this day because it can be implemented more easily without any difficulties, although for some people, consistently buying Bitcoin can be a bit difficult without a monthly income.

This has been proven long ago, so we can easily observe Bitcoin's price movements over time, so there's no need to doubt the potential future price of Bitcoin.
Regarding selling or holding, I believe it depends on the planning that's been made from the start. If someone plans to invest in Bitcoin for the future, I don't think anything should affect them; they just need to focus on growing their portfolio. I agree with those who use the DCA strategy; it's very effective, I think.

[virasog]

First as we know that we are right at the end of the bull market and only few months are left before the bear market will trigger. So people want to sell at any good price they get but they're fearful that if they don't sell in the high current price and the price dumps, then they may lose their profit gains.

Yes, it seems like the bull market might end before 2026 and then we may enter bear market and that's very fearful for some people. In bull market price moves upward and currently many people are already in huge profit if they've invested in Bitcoin during last bear market, however such people also have fear that in future when bear market takes place out of no where then they might lose their profits and not make much profits and that's the reason why they might end up selling their Bitcoin.

Well if you only talk about the Bitcoin then it is just a matter of holding for 4 years and Bitcoin will give us big returns. I think one should offload all altcoins in this bull season but it is too risky to offload the bitcoins when the global adoptions is in progress and the institutions and the governments all are moving towards the crypto adoption. I wouldn't dare to sell all of my bitcoins even in the top of the bull season.

[Lanatsa]

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Honestly it's been a challenging one for every investors sometimes it seems one should just go ahead and sell but the major fear is to sell in loss. Yeah this period there have been a lot of panic sellers due to the fluctuations in the price that's not favourable to the market. Selling now could results to a total damage but one can't predict the outcome so it's best to buy and hodl.

Of course, selling now or later when the price drops more further is a total damage and waste of time and energy in the sense that for a long term investor whose been accumulating and hold even when the price was higher and later hits the ATH, you didn’t sell as of that time, you hold until now and you are panicking to sell after holding for a long time even the period when the bitcoin price was doing well, it’s going to be a total waste of time if such person decides to sell now. My advice is that we should make use of the opportunity to even accumulate more, as a long term investor who truly understands the dynamics of bitcoin will know that the price of bitcoin will always increase even though it goes down at a point.

Continual accumulation is a better idea. Everyone who invests in Bitcoin will face pressure or temptation all the time. If you aim for greater future profits, it's better to be patient and never consider taking a loss. Price corrections are normal, and every time they happen, others will take advantage of the opportunity to add to their portfolio. You can also use these moments to lower your average purchase price.

It's true that it's very important to fully understand the dynamics of the crypto market before you make a decision. Many large companies and institutions have now adopted Bitcoin, which I think proves that the level of trust in Bitcoin has increased rapidly over time. Of course, this will cause the price of Bitcoin to continue to grow, so you don't need to worry.

Those who have an idea of ​​the true potential of Bitcoin know very well that patience and regular savings are the most important factors for long-term success. There is no need to panic about the rise and fall of the Bitcoin market, this is a normal thing and those who have a real idea about the market, they think about buying more at this time, in terms of Bitcoin acceptance, big companies are now depositing large amounts of Bitcoin and every country is now accepting Bitcoin, and this fact proves very well how much potential Bitcoin has, if Bitcoin did not have the potential, companies would never have bought Bitcoin with such a huge amount of money, they believed in Bitcoin and had confidence in it and that is why they are depositing Bitcoin with such faith, Bitcoin's trust and acceptance are constantly increasing, so here you should focus on long-term goals, otherwise the opportunity for big success will be missed.

True words. Patience really is the key with bitcoin the ups and downs are part of the journey and those who understand the bigger picture see dips as opportunities not setbacks the fact that large companies and even countries are embracing bitcoin shows the level of trust and long term confidence around it focusing on steady savings and long term vision instead of panic is what separates the ones who benefit most from this market. Many people panic when the price drops but in reality these corrections are healthy for long term growth markets can’t just go up forever and those who keep calm during the noise usually come out stronger in the future patience consistency and discipline always pay off.

Bitcoin has already proven itself over more than a decade surviving crashes regulations and endless criticism yet adoption continues to grow wallets keep increasing big institutions keep buying and countries keep moving closer to acceptance that alone shows its resilience and potential. Long-term holders understand the power of compounding over years not days even small regular savings into bitcoin can turn into something significant over time the key is staying focused on the goal and not letting short term emotions dictate decisions. At the end of the day bitcoin is more than just price action it’s about trust decentralization and a new financial system those who see that vision and stay patient are positioning themselves for the real success ahead.

[Pandorak]

A very good opinion, everyone has different Money Management arrangements, besides that not everyone has free money, some use money for living needs, some even owe money to certain parties to invest in Bitcoin, so the selling price set by each person varies according to personal circumstances or the current market situation, so that if the target has been reached they choose to sell for certain reasons.

Yes it is exactly everyone's own goal, but not everyone's goal in management is one. It usually depends on the income. The more money they earn, the more they can save money and do Money Management. On the other hand, I never think the method of lending money to others when investing is right. Because investing will always benefit or make money it is not possible. And we all should remember that investing can make our money loss. That is why we should always be careful if we invest. And long -term thoughts should always be done, so that investing will not lose money.

I think as long as you continue to have a steady income in real life, your investments will remain safe, provided that the money you invest comes from discretionary funds (residual income). Often people invest with funds that will be used for living expenses. This is not a mistake, just not quite right, because your investments will be threatened when you suddenly need money. ultimately leaving you with no choice but to sell your investment assets. In other words, it is important to understand the proper allocation of income in real life.

[Skydrill]

Since the bull market started last quarters of last year, we have seen more increase and minor retracements(often gradual retracement) but the last seven days have been very challenging for the Bitcoin market. The same period should be the first time in a long time that we are seeing Bitcoin price drop by 24%, a figure I consider a retracement. In the last 24hrs, Bitcoin have dropped over 12% in price which is the highest drop in price experienced in24hrs since last quarters of last year. The picture below is the data gotten from Coinmarketcap.

https://www.talkimg.com/images/2024/08/05/5swpZ.png

To the average investors, this can be very troubling as many will be considering to sell to avoid further depletion of their asset. But is this the right thing to do? Do you plan to sell now to avoid further loss?

Many people in some of the groups I know are thinking about converting to USDT to convert back to BTC after the rainfall stops but I don't thing this is a wise decision. Personally I have resolved to continue buying this time. What do you think?

For every smart investor this could be probably the best moment to invest, this could just be the best time to buy more bitcoins, who knows, just may be after this stormy weather there might be some positive changes so rather than do the rush hour sales it would be better to hold on and wait for that moment when it would more favourable for you so you can smile to the bank when others regretting their actions after selling their coin, it takes patience to obtain the price remember, no pain , no gain, this could be the time to buy more because if you re buying then you are at advantage, only the smart may understand this theory.

[Awaklara]

I think as long as you continue to have a steady income in real life, your investments will remain safe, provided that the money you invest comes from discretionary funds (residual income). Often people invest with funds that will be used for living expenses. This is not a mistake, just not quite right, because your investments will be threatened when you suddenly need money. ultimately leaving you with no choice but to sell your investment assets. In other words, it is important to understand the proper allocation of income in real life.

Proper financial management is indeed very necessary for the success of an investment plan, especially for long-term investments like Bitcoin. It is important to keep the investment secure so that it is not disturbed.
I have experienced issues related to selling Bitcoin that I had previously accumulated because of an unexpected financial problem that had a negative impact on my investment. This experience taught me that we should not force ourselves to invest more if we are not actually managing our finances properly.

[Figerland Shamrock]

For me, who is new to bitcoin, it is obviously very tempting to sell. And this is the first step that really tests patience.
In my opinion, than we sell bitcoins that are not how much. It's better to find another job to fill our spare time and get additional pay. Both for daily provisions and to increase the assets we have bought into the bitcoin.
That way our assets increase and for daily provisions there is also a handle.

[ChocolateBitcoinK]

I think as long as you continue to have a steady income in real life, your investments will remain safe, provided that the money you invest comes from discretionary funds (residual income). Often people invest with funds that will be used for living expenses. This is not a mistake, just not quite right, because your investments will be threatened when you suddenly need money. ultimately leaving you with no choice but to sell your investment assets. In other words, it is important to understand the proper allocation of income in real life.

Proper financial management is indeed very necessary for the success of an investment plan, especially for long-term investments like Bitcoin. It is important to keep the investment secure so that it is not disturbed.
I have experienced issues related to selling Bitcoin that I had previously accumulated because of an unexpected financial problem that had a negative impact on my investment. This experience taught me that we should not force ourselves to invest more if we are not actually managing our finances properly.

Yes, we should never rush into anything, everything here has to be done slowly with proper management, first of all, you have to pay attention to your financial situation, an investment is never sustainable in the long run without proper financial management, because there will be many obstacles in the way of investment, financial problems will arise, and in order to manage all those problems properly and keep the investment continuous, you must pay very close attention to your financial situation. If you do not have an emergency fund and daily spending plan properly, your Bitcoin holdings may face danger during any financial problem, so it is really most important to invest while maintaining financial discipline.

[Sonia_123]

it is normal to feel the temptation to sell specially now that we are in the bullish market and how much are we feeling here?

i almost sell everything that time and now that this is how much we are expecting in this time and maybe till next year .

Definitely, one can still be tempted to sell their bitcoin though i don't see it much as a temptation if actually you fall in the category of those who have been hodling for long and have reached your level of accumulation and have been waiting for an opportunity to sell some of your bitcoins. Selling bitcoin is not a problem but it only becomes a problem is when you are tempted to sell all just because you have seen that you made some good profits while doing a check and balance of how much you have invested, and how much you have been able to make as profits.

Many are tempted to sell bitcoin of course because bitcoin has passed halving and has reached a new ATH. I was also tempted to sell but not all, sell some to wait for the correction and then buy again because my target is to invest in bitcoin for the long term.

In addition, there are many experiences from before in 2021 where the price had plummeted and started to minus a few percent. Now start learning, and always do dca on bitcoin and wait for the target. If it has been achieved, sell some to buy during the correction, this is good enough to add more bitcoin.

Basically selling bitcoin is okay as long as it has reached the target or has been achieved according to plan. Because everyone has different strategies in investing, what is wrong is selling when the price is low and losing. Our goal in investing in bitcoin is to make a profit, if the profit has been obtained, selling is okay and after buying again when a correction occurs. Because it must also be admitted, the principles of large investors and retail investors are definitely different. I am a retail investor.

If you are tempted to sell your investment now because of the fall in price and you have not reached your overaccumulation stage, then you are wrong, because the future of bitcoin is very bright in terms of profit and you might end up regretting your decisions you make today just like some are already doing now, there is no investment that is not risky, but as soon as you make up your mind to accept the risk involved, then it becomes more easier and you see it as an advantage to your investment, as it stands now, what we should be thinking about is to keep accumulating and holding more now, instead of selling off our investment because of fear of the market price and the previous years happenings in regard to the drop in bitcoin price .

[puloweh555]

Bitcoin purchase should be done regularly the importance of the dca strategy is to buy bitcoin at every week or monthly and the price of bitcoin will not affect your purchase you can buy when the price is high or low consistent purchase and hold for long since the price of bitcoin is volatile but appreciate in value the time, people who get worried about the ups and downs of the bitcoin price are people who want to sell in a short while and this is the behavior of a traders and they most times sell in lost.

Not all traders will sell at a loss. As long as they are patient enough to wait for profits, they will certainly make them when the price starts to rise again. However, it's certainly beneficial for everyone to hold Bitcoin long-term for greater profits in the future, as Bitcoin always has high demand in the market, so the potential for growth is always there. I also like this strategy to this day because it can be implemented more easily without any difficulties, although for some people, consistently buying Bitcoin can be a bit difficult without a monthly income.

Selling at a loss would certainly be a foolish decision, regardless of the reason. I believe it's difficult to incur losses when investing in Bitcoin as long as we're patient, as the price will inevitably rise again. However, people's decision to sell Bitcoin doesn't necessarily mean they're selling at a loss. Everyone has different goals and needs, which is why they decide to sell.

Sometimes, after making a small profit, they sell it out of necessity. Then, they wait for the price to drop and buy it back. Everyone has a different financial system. Those with a steady income and financial stability certainly invest for the long term, but those with limited funds often sell when they see even a small profit. So, the temptation to sell Bitcoin depends on their finances and their needs.

[Miramax12]

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Honestly it's been a challenging one for every investors sometimes it seems one should just go ahead and sell but the major fear is to sell in loss. Yeah this period there have been a lot of panic sellers due to the fluctuations in the price that's not favourable to the market. Selling now could results to a total damage but one can't predict the outcome so it's best to buy and hodl.

Of course, selling now or later when the price drops more further is a total damage and waste of time and energy in the sense that for a long term investor whose been accumulating and hold even when the price was higher and later hits the ATH, you didn’t sell as of that time, you hold until now and you are panicking to sell after holding for a long time even the period when the bitcoin price was doing well, it’s going to be a total waste of time if such person decides to sell now. My advice is that we should make use of the opportunity to even accumulate more, as a long term investor who truly understands the dynamics of bitcoin will know that the price of bitcoin will always increase even though it goes down at a point.

Continual accumulation is a better idea. Everyone who invests in Bitcoin will face pressure or temptation all the time. If you aim for greater future profits, it's better to be patient and never consider taking a loss. Price corrections are normal, and every time they happen, others will take advantage of the opportunity to add to their portfolio. You can also use these moments to lower your average purchase price.

It's true that it's very important to fully understand the dynamics of the crypto market before you make a decision. Many large companies and institutions have now adopted Bitcoin, which I think proves that the level of trust in Bitcoin has increased rapidly over time. Of course, this will cause the price of Bitcoin to continue to grow, so you don't need to worry.

You are absolutely right, this kind of market tests your patience and conviction, we have seen it time and again weak hands fold, strong hands accumulate. selling at a loss rarely ends well unless you are cutting a clearly dead position, but for something like BTC or alts historically it is always been about riding the waves and zooming out. the fear is real though no doubt when charts are bleeding and sentiment is down, its tough to keep the emotions in check. you just got to stick to the plan keep dollar cost averaging if possible ignore the noise the market always recovers it's a matter of time.