$BTC Sell now. Selling Bitcoin after purchasing it at $69,000–$70,000 depends on several factors:
1. Market Sentiment: If Bitcoin has dropped significantly since your purchase and you're facing a loss, it’s essential to assess the broader market trend. If the market sentiment remains bearish or uncertain, it might be worth holding until there's a potential rebound.
2. Investment Goals: If your goal was short-term profit, you could decide to sell and minimize losses if the price is lower. If you’re in it for the long-term, you might decide to hold through the volatility, hoping for future price growth.
3. Risk Tolerance: Selling at a loss is tough, but it can be part of a risk management strategy. If you're uncomfortable with potential further declines or need the liquidity for other investments, selling might make sense.
4. Bitcoin's Long-Term Outlook: Bitcoin’s value is known for extreme volatility, so many investors look at its long-term potential. If you believe in the future growth of Bitcoin, you might hold, waiting for another market cycle.
Ultimately, it comes down to your risk tolerance, market outlook, and investment strategy. If you're unsure, you could consider selling a portion to lock in some profits while keeping exposure to the upside.
