Use math, not emotion. I like to split my bitcoin total in 15ths and sell or buy increasing fractions either into a bubble or into a dip. I sold 1/15 at 18900 this week. As the bubble continued to go up I would have then sold 2/15, then 3/15, etc. I will buy that much back if we get close to the 20-week moving average in the same amounts, increasing the amounts as the price falls below the 20-week moving average if it does. Overwise I just hold the liquidity in stablecoin or gold tokens (or pick up some more ETH- keeping my number of ETH to BTC at 1::3. I’m not big into ETH but like having my toe in the water just in case it goes nuts). If bitcoin moves sideways just testing the 20-week moving average for long enough then I’ll buy more and more until I establish my previous position. Since I only sell into significant bubbles I can go many months or even years without a trade.
Those of us without incomes high enough to generate significant current savings rates will not have funds to buy dips if we do not sell into bubbles.
I’m not worried about any new regulations that might create stricter reporting requirements for transfers between exchanges and cold wallets. Such regulations will only strengthen Defi (which should increase my ETH value, and also my investment in the Silvergate crypto bank holding company, NYSE: SI which actually went up more than bitcoin this year and actually benefits from bitcoin volatility.)
People will get over trying to hide crypto trades/spending from capital gains taxation and just adapt.
Indonesian, for example, which already does not charge capital gains tax on blockchain gold and silver trades/spending might do the same with bitcoin and instead regulate and tax BTC trading by setting up a national bank run exchange for crypto and its soon-to-come CBDC (central bank digital currency). Such a national exchange would be a regulated monopoly for exchange of its CBDC and charge a transaction fee on any trade in or out of its CBCD. That would solve the small-scale capital gains taxation problem. If governments want to charge a wealth tax on large holders, that will be a whole different nut to crack and only affect a very lucky few. If a few countries do this it would further enhance the BTC use case as a reserve asset.