Found this ancient gem on BTC Talk. Still totally applicable in 2024, we've only scaled up a bit.
Holding is the only thing that makes sense now. Just think about selling now and the price going to 2k in a couple of years. With the halving in place I am confident the max we can go down is around 150 dollar to 500. So why take the risk to sell now and buy back later?
(p.s. The real lesson is that it's wrong to measure the value of Bitcoin in fiat, whether in 2016, 2024, or 2032)