History of bitcoin performance/halving
if you look at charts for the second and third halving of Bitcoin we can see that before a halving event the price dropped between 40-50% at some point before reaching a new high. I wouldn't be surprised if the price keeps dropping to 40k-50k maybe lower and then a couple of weeks before or after halving ( we never can be sure) Bitcoin will reach ATH.
I advise you to sell your position if you can't hold for 1-2 months but again why are you in Bitcoin if you're not in for a certain period.
If you have some unrealized gains, if you sell you'll have a bit of profit, you won't "lose" money it will just be standing still until you reinvest when Bitcoin is gonna go boom. Maybe you'll lose some profit opportunities but you won't be stressed at times like these.
If you have an unrealized loss you can get out and realize your loss but won't "lose" any more money. I would stay locked in but if you can't handle this then get out and re enter later you will probably make your money back.
don't be afraid to sell your position, you're just putting your money on the side and can re-enter when you want.
Of course if you are a long term holder you are not even stressed about this situation.
good luck
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
EZ_money : before BlackRock history is different
73425127 OP EZ_money : true but, Blackrock still buying more each days, they're not selling their position and maybe in the future they'll become a problem vs retail but as a right now BlackRock and Fidelity only detain 2.8% of all Bitcoin in the market. Furthermore, right now they'll only stabilize Bitcoin and push prices higher, the selling is not from those 2 whales
EZ_money 73425127 OP : how updated is your information on BLK ?
EZ_money 73425127 OP : i never said it was from them, everyone thinks ETFs will keep rising but this is not the same market way more scalpers and swing traders now not enough longs for ETFs to have anymore effects on BTC prices
EZ_money 73425127 OP : and if they are buying it up then take profits and ride it down they are not your friend