Bitcoin is Flying. Here’s the Psychology of Why it’s So Hard to Know When to Sell – and What to Do
$15,000? $50,000 $300,000? Will Bitcoin continue to rise? It’s anyone’s guess.
I’ve been sitting here refreshing my crypto wallet watching myself get richer and richer in theory, knowing that in practice, I’m not a penny richer until I actually sell. Until then, it’s just numbers on an app.
Failure to sell at the right time, and then I’m either poorer, or I have to wait for the price to come back up. I’ve already waited 2 years. That’s ok. It’s a long game.
I need to know when to sell. I need an exit strategy. I should already have one. I put it off because I was playing the long game. Now I have to decide with dollar signs flashing in my eyes, which will either lead to big bucks, or likely minus bucks. I don’t know where to sell.
No one does.
Lots of people think they do. There is talk of a bull run to $100,000 or more. Last time the bubble burst around $20,000. It’s Not quite there yet, but it probably will be. Assuming it gets above that last peak, it’s all guessing from there.
