> is it a matter of principle to hold forever? There was a reply to this, now deleted: > this is a pretty common (and self-destructive) phenomenon amongst uns

> is it a matter of principle to hold forever? There was a reply to this, now deleted: > this is a pretty common (and self-destructive) phenomenon amongst unsophisticated investors On the contrary, it's much more common for unsophisticated investors to sell their winners too early. Dumb money is more emotional. Dumb money is risk averse and can't tolerate losses, so holds on to losers forever. Dumb money harvests winners after a 50% or 100% gain and reinvests in losers. Smart money is coldly rational instead of emotional. Smart money isn't afraid of small losses. Smart money sells losers quickly and takes many small losses. Smart money holds one or two winners for a long time for 1000% and 10000% gains. I'm sure some long-term bitcoin holders are ideological, but most are coldly rational smart money.