Based on the market movement and the current euphoria of the crypto space, the question that now ponders on most crypto investors' minds is "Should I sell my Bitcoin, or should I not?".
The thing now is that this is the best and perfect opportunity for anyone to accumulate more Bitcoin and enhance their position because, as the big money players continue to use the media to manipulate retail investors into selling their Bitcoin, you can take advantage of the opportunity and buy more Bitcoin. But, several people are beginning to encourage other investors to sell their Bitcoin now to sell at a good price. With the rate at which the market is going, Bitcoin may drop extremely low and eventually crash down to zero.
Before selling your crypto or Bitcoin out of panic, you have to ask yourself why exactly you are selling your asset now. For example, if you bought Bitcoin when it was at fifty-five thousand dollars, why will you be selling when it dropped by 50%. The truth is that people become very bullish the same way they become very bearish at the peaks.
If you have not sold yet, why are you selling now? You may as well wait and see the market movement. Just because an asset had a fifty percent dip does not mean that it may go further, neither does it mean that it will now. The crypto market is very volatile, and this is why investors should be properly educated about what to do when these types of dips occur.
Another thing to do when facing the dilemma of whether you should sell or not is to think like a whale. If you noticed, we have not seen any major sell-offs by Bitcoin miners, but instead, we have seen whales buying more Bitcoin. You do not have to be a whale or have a whale bank account to think like one. Whales are market movers who buy dips, and there have been significant purchases by institutional big whale players.
In this market, you need to be a Whale and not Plankton; Whales sell at the peaks and buy at major corrections and dips, while Planktons, on the other hand, buy at the peaks and sell at major corrections. Most people behave like Planktons; they always panic sell instead of operating Bitcoin like the big money players. To survive in this market, you have to know how to play the game as the whales do. The whales sell when the market is pumping and buy when the market is dipping; they do not have the gambler's mentality with the get-rich-quick mindset.
Besides, Bitcoin is a long-term investment; you do not come in at peaks thinking you will make a 2x gain and sell when you see a 10% dump. You have to understand that volatility is your friend, and that is when you can accumulate more coins and the sort instead of selling it and making more losses. You sell at peaks and buy at dips.
