Had to sell a bit to cover Q3 taxes and equipment. I hate selling on a dip, drat....
A sign of being overly invested.. in other words, you do not have your expenses projected out on a long enough timeline in order to provide you a large enough float.. whether that float needs to be $1k or $10k or $20k is something for you to determine ( but seems like you don't quite have it down, yet).
I tend to project my expenses out a minimum of 6 months and frequently into the 18months or more timeline... so a lillie dip like this (and only for about 2 weeks) has not been going on long enough to cause anything close to cash flow pressures - Sure, if it goes on for 6 months or it goes down another 50%, then that could be another story for me, and I would want to start adjusting now for what could happen 6 months from now so I am not selling at the bottom, if that were the case.
Incorrect. I run a business here, one that needs to pay for itself first. If I were to pay for things using pocket money then I would be essentially investing that in bitcoin, which is not my intent. Therefore when I have to buy supplies I batch withdraw some bitcoin and note it in the ledger. Same with taxes and such.
Besides this little dip is in the middle of the most amazing run ever. I don't try to time the market, I let the chips fall where they may.
I let my comments stand where they may, too, and it seems to make little to no difference that you are "running a business."
The same principles apply regarding cashflow management and figuring out ways to minimize the need to make sales of a volatile asset at the potential bottom... that is if you have any kind of choice and control in structuring those kinds of matters... .. whether my comments apply to your situation or not, that is up to you to decide and apparently you are deciding that my comments do not apply to your situation. I have no problem with that because you should know your situation better than anyone else, and I was merely commenting upon the situation that you seemed to have been presenting.
Further, I understand that if you have a business that is structured to merely sell no matter what the price, then that seems to be a different story, and might not even warrant a comment in this thread because the business is set up that way, since in that kind of case you would have been selling no matter what the price... and just perhaps hoping the price would have been higher... but may not really matter, if you already set up the business in that kind of .. sell right away way.