How much are you in for? That's the thing I find interesting.
If you have a BTC or 3 and you have say 10k in, I can see just sitting on it in case something crazy happens. But believe me the minute this thing broke 40-50k I'd be half out of that position, haha.
People buying in at 50k.....well, might as well play the lottery.
This is de ja vu. Ive purcashed at the bottom,mid and top of every bullcycle since 2013. We all go through those thoughts, I always attained for a whole number I would hodl and the rest would traded, experiment with. I remember the feeling those red candles dropping by $10-$50 at a time. Gut wrenching, still held.
Then time passed and those candles became $100-200 increments. Years went on and $500-$1000. By that time, life changing money was given to me only to be ripped away.
Enter 2017 where $1000-2000 candles were the norm through out the year with a subsequent drop of ~$16000 from ATH. Never sold!
2021 $10000-20000 candles are the norm now and the impact of these dramatic rises and falls have a far lesser impact on my emotional well being. Because time in the market beats timing the market. You think by 2025 when these candles break up and down by 50-75k that im going to flinch a muscle?
See for every bullphase and bearmarket their are new participants entering the space, those left over from the last phase hodl strong and understand the game while new guys make their bones. We all lose, some learn and adapt......others time the market, take.their gains oay 30-50% CGT only to enter back into the market at a higher price.
