Several important factors you need to analyze before making a decision:
1. Why Delay Selling?
- Has the Price Decreased Significantly?
If #Bitcoin has dropped significantly from your purchase point, selling now means "realizing loss". However, make sure this is not just a "sunk cost fallacy" (holding/additional buying just because you have already incurred a loss).
- Is the Market in a Bearish Trend?
If the market is still in a downtrend (for example, due to macroeconomic factors, regulation, or negative sentiment), buying now could be risky unless you are confident a "reversal" will happen soon.
2. Reasons to Buy Now
- "#BuytheDip " Opportunity?
Some investors see price declines as an opportunity to buy at a discount. However, make sure you have "confirmation of rebound signals" (for example: strong support, RSI oversold, or positive news).
- Long-Term Belief in Bitcoin?
If you believe in the "fundamentals of Bitcoin" (as a store of value, increasing adoption, or halving in 2024), buying and holding long-term could make sense.
3. Risks to Be Aware Of
- Further Downturn: Bitcoin could continue to decline if market sentiment is negative (example: high inflation, tight Fed policy, etc.).
- Liquidity Needs: Do not use emergency funds or high leverage just to "average down".
- Emotions (#FOMO /Panic): Do not let decisions be dictated by fear or greed.
4. Strategies to Consider
- Dollar-Cost Averaging (DCA):
Buy in small portions periodically to reduce market timing risk.
Example: Allocate 10% of funds every week/month, regardless of price.
- Waiting for Reversal Confirmation:
Wait for technical signals (example: breakout above resistance, moving average golden cross) or fundamental (positive news) before making a large entry.
- Hedging:
Use options or futures to protect your portfolio if you already hold Bitcoin.
5. Key Questions for Yourself
✅ What are my investment goals? (#Shortterm trade or #longterm hodl?)
✅ What is the maximum risk I can accept? (Do not let it disrupt personal finances.)
