Just dont over leverage. Every trade allowing yourself to make a loss very soon is also nothing sustainable and rather a gamble than meaningful. (Probably in retrospective most of all your losses were completely unneccessay. Trading less you would have missed gains too but is psychologically rather wrong than right, even if your result is positive, isnt?) Only trading robots who make 10000s of trades are not a gamble but humans can not catch up to their speed.
We have to admit that the opportunity of bitcoin at $1 is long gone. It was "Risk/Reward" better than 1 / 5000. But only if you'd assume it was possible to go to zero at all. Else there is this important difference: No Stop-Loss needed, no liquidation possible. So then it was much better / beyond all comparision, if you would have been sure in 2011, that you can sell it at similar or higher price at least (and only requiring patience at worst)
It really is/was a dream, not just a trade. And maybe we get the chance to take more such great opportunities in life, (even though it wont logically possibly be called bitcoin again!:D)
You can invest in dreams. You can invest in the people who still live on only $1 a day or $2 They are at least 100 times more than bitcoin users (and not voluntarily). Yet bitcoin users alone could fix all their problems and receive a lot return of investment still. It makes me feel much less entitled of all uneccessary risks.
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modestly selling we can prevent short squeezes and finally simply trigger consoldiation of the hype cycle for good . If you have bitcoins and other big cryptocurrencies then It may be better to sell now for sure than missing the peak soon. ( Only if you plan to go short 20x, then it can be a bit harder to find the right entry price and/or stay modest enough.)
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Have a plan what to do if it rises above $4649.78
the fat fingered owner of half of all bitcoins is singing:
This top aint big enough for the both of us. And it ain't me who's gonna leave. And it aint me who may be short-squeezed