A lot of the guys saying to hold and wait it out are probably people who paid very little for the bitcoins and therefore can hold and have an incentive for you to hold.
If you paid more than $300 for a bitcoin and continue to watch your investment take losses is far more difficult.
The way I would look at it from an investment standpoint is anybody really convincing me why it should go higher? Why did it get so high in the first place? Why did it take off and go mainstream when it hit $1000 and was in the news every day?
Loss minimizing is also a very important part of investing. If you are taking losses then you should cut them.
In my opinion bitcoin will rise a little from here before the next leg down to $200. But that is just my speculation opinion of course.
Weren't you advising people to sell at 2 dollars in 2011 rather than hold?
That is a rhetorical question of course. You were parroting the same garbage then, though the price has risen 140x since that point, even at the depths of the bear market we find ourselves in.
