The market is currently at a low point from its peak. At the time I was writing this post, Bitcoin was worth $96K. Investors saw their portfolios as rich as they did at $120K, but now their portfolios are not as rich, so many will be disappointed and decide to sell. However, I think we should be patient and trust Bitcoin. Especially those who bought Bitcoin between $115K and $120K should expect good things and hold on to their investments. Since investing in Bitcoin is a long-term plan, we should definitely forget about this temporary profit or loss and look at our portfolios three or four years from now and then make a decision.
Hopefully, Bitcoin will go to a much better level during this time and investors' portfolios will be quite rich.
In the situation like this, I don't think it's advisable to sell and even if you want to sell, it shouldn't be all your bitcoin but we are individuals differences and I know we all have or can be more patience than each other in terms of holding, even if Bitcoin drop ls more below it is presently, I believe there are some people that will still not sell, but it all requires more patience. However, in my own perspective and views I think this is the best time or opportunity to buy more Bitcoin and hold for long term in order to have its potential profits in the future, so buying is the best option to do presently.
When Bitcoin falls from a peak like $120k down to around $96k it shakes a lot of people because the portfolio they once looked at with excitement suddenly feels smaller. disappointment sets in fast and for many investors the first reaction is to sell and escape the feeling of loss. but Bitcoin has always been a long term game and anyone who bought around $115k to $120k should already understand that short term drops mean nothing in a multi year plan. looking at your portfolio today will never give the same picture as looking at it three or four years from now when the next cycle has matured and the market has taken its natural course.
Selling now makes little sense unless someone absolutely needs the money because moves like this are normal. Even if Bitcoin drops lower there will always be people who refuse to sell because they have the patience to outwait the market. patience is the real strength in moments like this because the market always rewards those who can sit through the noise instead of reacting to it. from this angle dips are not threats. they are opportunities.