Well, you are probably right - for you. I bought my first cryptocurrency two months ago. I'd heard of Bitcoin, of course, but was busy with other stuff. Then, I was sitting on a plane to Europe and started reading the inflight magazine. When I landed, Bitcoin was at $1895.....so I bought in. I have watched as other cryptocurrencies have increased at a faster rate. I think Bitcoin is overpriced. I sold out, and bought back in, to some cryptos I'd held previously, but at a lower entry point. I've learnt a lot, but this was the first downturn I've experienced. I believe that if I want to buy back into Bitcoin, I can do so - not sure that I will - but by applying what I've learnt, I can build up a store of security in lower-priced cryptos, and convert them, if I choose. I definitely haven't lost equivalent value by selling out when I did, even allowing for the % exchange fees in buying and selling.
Well, you are probably right - for you. I bought my first cryptocurrency two months ago. I'd heard of Bitcoin, of course, but was busy with other stuff. Then, I was sitting on a plane to Europe and started reading the inflight magazine. When I landed, Bitcoin was at $1895.....so I bought in. I have watched as other cryptocurrencies have increased at a faster rate. I think Bitcoin is overpriced. I sold out, and bought back in, to some cryptos I'd held previously, but at a lower entry point. I've learnt a lot, but this was the first downturn I've experienced. I believe that if I want to buy back into Bitcoin, I can do so - not sure that I will - but by applying what I've learnt, I can build up a store of security in lower-priced cryptos, and convert them, if I choose. I definitely haven't lost equivalent value by selling out when I did, even allowing for the % exchange fees in buying and selling.