I'm not sure what will happen, but I think we will see some panic in the market come august. I've sold all my BTC, and hoping to buy if the price dips. Otherwise I'm perfectly happy with not holding BTC, as there are many other alternatives who even gives a better ROI.
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Panic rarely pays in this space. I try and stay zen.
You are absolutely right.
I sold all my BTC a couple of months ago, and I no longer intend to HODL it, but if I can make a quick buck i will make that trade ;)