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Bitcoin Enters Greed Territory: Should Investors Hold, Sell, or Wait?

Bitcoin makes a new all-time high at $82k. In this post, I suggest what investors should do.

Bitcoin Enters Greed Territory: Should Investors Hold, Sell, or Wait?

💵 Welcome to the Bitcoin newsletter for long-term wealth creators.

📈 Bitcoin Price - 3 Months

Source: https://www.bitcoinmagazinepro.com/bitcoin-price-live/

🌡️ Bitcoin Temperature

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1: Extreme Fear - 5: Extreme Greed
Be greedy when there is fear in the market and fearful when there is greed.

This article explains how to use the Bitcoin temperature to make your Bitcoin investment decisions. The Bitcoin Temperature is now available on my website and updated every Wednesday.
Source: https://www.sandeepgoenka.com/btc-metrics/btc-temperature
💡
The Bitcoin temperature has just entered the Greed zone. It's in a range where one can consider selling Bitcoin to create liquidity for the short—to mid-term (up to 1-2 years) requirements.
Source: Source: https://www.sandeepgoenka.com/btc-metrics/btc-temperature

🥊 Bitcoin Vs. Other Assets

Source: https://www.sandeepgoenka.com/btc-metrics/btc-vs-other-assets

🌊 ETF Flows

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Bitcoin ETFs hit a new record of 410k Bitcoin.
Source: https://heyapollo.com/bitcoin-tracker/flows

Bitcoin is experiencing a cyclical moment of making new all-time highs. As a long-term investor, what should you do? The answer always depends.

I started publishing the Bitcoin Temperature, inspired by Howard Marks's book The Most Important Thing. The Bitcoin Temperature aims to help in long-term Bitcoin buying and selling decisions. It is not meant for trading.

I do not claim to be able to predict the future Bitcoin price, especially in the short and mid-term. However, the Bitcoin Temperature does tell us what we can know: how the market is today.

At a Bitcoin Temperature of 3.5, Bitcoin has just about entered the Greed zone. Buyers need to be cautious. If you are new to Bitcoin, this is a tough one. I would suggest spending time trying to educate yourself about Bitcoin at this stage rather than going all out to buy it.

If you are an existing investor, you have two options. If you have liquidity (money) requirements over the short to mid-term (up to 1-2 years), you can consider selling Bitcoin. A good strategy is to sell periodically. No perfect selling method exists; no one can sell at the top.

If the Bitcoin Temperature rises further, you can create liquidity for your money requirements for 3-4 years.

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See you in the next block.
Sandeep Goenka

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