Suppose you have some bitcoins (let's say 22) and you bought them / got them a few years ago very cheap, and now you see it's price and.... what to do?!! Will you take the profit and go away, or sit and hold further? Suppose you're not going to buy more. But when to sell?
My problem is that the logical way would be to cash out, but where do you go with that fiat ? My idea with BTC was never to cash out, but to use it to buy stuff, that's why I bought it. I'm against speculation. I didn't realize, when I got into this, that it was pure speculation. If I cash out now, I have to pay taxes on it or get myself in potential trouble. I don't want to. So I prefer to hold even if it is a dumb move in the market.