I'm not panic selling, are you?
As a BTC holder, this situation is the most uncomfortable one for me just like any other BTC investor. Am I scared? Sure. My assets came to half if I calculate properly.
But the question is, should I panic selling my BTC holding?
Screenshot from coindesk.com
If I look at the chart then, it's telling me to be positive about selling.
But I have some other opinions.
The answer to the question above is still no from my side. But as I have some offline investment plan in 2022, maybe I have to do that if I see BTC is going down $30k.
This statement sounds very straightforward, I know. But the whole decision is not this simple, anyone can guess that. Also, the situation will tell everything.
Are you the one who is panic selling?
No need to say, if you notice the market and trading platform status, people are selling a huge amount of BTC and other coins as well. I understand the situation, there's no green prediction in a future couple of months. Maybe this bearish market will last longer than we expect.
The thing is, other cryptocurrencies and stocks related to it also go down with BTC. So even people sell, they don't have enough profit to invest. At this point, it seems meaningless to me.
But I respect everyone's personal decisions because we all have our own reasons.
Screenshot from coindesk.com
My Opinion:
I believe, we all have different investment plans & strategies, and achievement goals. So each investor’s risk tolerance will vary. It’s important to understand how much you can personally tolerate.
Like I said, for me; it's okay but I will sell maybe half of my asset if it goes down $30k. And will hold the other half.
I agree with the saying of Douglas Boneparth (president of Bone Fide Wealth),
"For some people, the volatility “may be OK, that may coincide with your appetite for risk and your own risk tolerance and investment time horizon."
I would not suggest anyone invest more or buy in this dip. Because for now, that doesn't sound like a clever idea. No prediction is showing green candlestick in the recent future. But if you are a long-term investor or have the plan to do so like for 5-10 years. Then maybe you are good to go. Otherwise, do your research properly and proceed accordingly.