Every 4 year halving-to-halving cycle sees so many people sell, chasing quick cash, or worse, they sell in a panic, only to realize they'll never be able to buy as much Bitcoin as they used to have.
Owning 100 BTC in 2012 was nothing. How many people still owned 100 BTC in 2016? Very few. Most sold. Now, they tell stories about what they used to have.
Owning 10 BTC in 2016 was no big deal. How many people still owned 10 BTC in 2020? Very few. Most sold, but they probably don't talk about it.
Owning 1 BTC back in early 2020 wasn't that big of a deal. How many people still own 1 BTC today? Very few. Most sold and can only wish they were still whole coiners.
How many of those who own 0.1 BTC today will still own at least 0.1 BTC in 2028? Many will lose it by trying to time the market, or worse, by selling in a panic.
Hold on to what you have.
I understand the worries when Bitcoin drops. A healthy dose of skepticism is warranted. The current amount of bearishness is not.
An overload of negativity can steer good people wrong - especially new people. There's a lot of bad bad bad analysis and downright fear being spread by people who should know better. I honestly feel sorry for folks who are scared because of it.
If you don't have the stomach to hold through these rough spots, it's ok to walk away for a while. Set up an alert to come back in a month or when the price climbs above a certain point. Do what you've got to do to keep your mental health in check, but don't let the bears trick you into selling out of fear. Don't let them jeopardize your hodl.
The only way you can make it through to the next cycle's bull run with your hodl intact is to not lose your hodl through this one. Most bears have an agenda. Many are angry because they sold out too soon and are now on the outside looking in, so they root for Bitcoin to fail and they try to coax Bitcoiners to sell. Others are angry because they never bought in and they feel like they missed the boat, so they don't want you to be in either. Don't let them scare you into jeopardizing your hodl.
KEEP CALM
AND
HODL ON!
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