For people that have a relatively small btc holding, just holding is fair enough, but when a drop from 40k to 30k is a serious loss, then I would rather lock in gains than live in fear.
Right now my hope is that Etherium will fall like a stone...hoping for sub 500 hundred!
Yea, well hoping isn't a viable investing strategy. I mean I "hope" bitcoin falls to $1k so I can buy a bunch more there, but that doesn't mean it's going to happen.
Hope is just the mustard on top of the steak.
I do have some steak!
There is no shame in acknowledging that we are making predictions based on random variables and we seldom know what they all are.
Realistically I don't think BTC will ever go below 20k again, but i do expect it to head down that way for a while - and in the short term as well!