Topic: Are you tempted to sell? (Read 2169 times)

A trader might sell right now but I wouldnt personally.  Bitcoin is far too twisty turny in nature to guess its the right decision especially.

We do have weakness and clearest way to state that is the weekly bar today will close below 69k.   Its not like any move is precisely right and always correct in prediction, we can defy gravity and rise till year end.   

Bitcoin does now have to prove it wont just repeat itself.  My conclusion is positive movement but not yet off the leash exactly, its restrained by prior volume and pricing and I expect a more sedate pace then many might hope for.

This is very correct, you should not panic when the price of BTC drops, on the contrary it should be seen as the best opportunity to buy more and more BTC, that is a bargain that only the most intelligent will grasp, while the weak hands get rid of their BTC, the big ones, those who are whales grasp and buy, that is what has always made the difference, and probably news that are bad occur when there is more panic, this is the daily scenario for buying, and it is incredible but it always works, those who benefit the most are the whales.

I believe, you made the right choice by deciding to buy and hodl more stash of Bitcoin. There is no need to panic, when investing in Bitcoin it's a long term approach... The future is Bitcoin. Buy more and hodl, don't let your emotions cloud your true sense of judgement.

The movements clearly look like uncertainty, something we can't clearly predict, but looking back at the chart we can have hope that history can repeat itself with a rise that we all want, but we can't say for sure when it will happen, because it's impossible to predict, just looking back there are many arguments that tell us that the next ATH will be inevitable, only patience is key, having patience as you say is what will make us feel better, hold on for now is what I really Recommend.

Its a must thing to consider on which on the moment that you would really be dealing up with crypto space then this is something that you would really be just that making use of the amount on which you can afford to lose.
Having multiple income source will really be really be giving out that kind of confidence because you do know that you do have that back up plan whenever it do goes south and this is something which it could really
happen. On the moment that you will really be trying out to have multiple income then it wont really be that easy because it will really be that basing up into your financial situation because not all
would really be that wise or having that capability when it comes to money and thats why they wont really be able to have that opportunity on adding it up.

Selling out on the time that the market will really be going down on which its normal that you will really be having those kind of reactions and just like been said that we are just humans. We do really hate up on losing money and this is why whenever we do see our portfolio is dropping down then we would really be that having that urge on selling out because you are really that afraid on losing
totally on the amount you have invested.

A need of deeper practices to ensure that you'll be able to execute correct decision making since the market is volatile there's no accurate direction and only timing can save your butt in each rise and fall or pump and dump that may take place while you are holding your assets, more on how you react and how good you are in accepting the outcome whether it's against your position or turns out favoring you and giving you decent benefits.

Selling is not something that should be a thing of temptation because at some point every satsohi will be sold so regardless of what the price may be at that time, it remains a thing of individual willingness to deal out the bitcoin at that time, so regardless it has to be the level at which such deal are acceptable to you as a Bitcoin investors.


So any short term price situation won't be controling feelings in such a way that you be attempting to sell when you are not ready and just because of fuds.

Bitcoin investment will be more convenient for you if you have different streams of income so that you can fully take your eye and thoughts over your Bitcoin investment until the target time despite the market situation be it bullish or bearish.
As much as you can not take your eyes over your wallets, then you will be always on a pressure to sell off your coins if the market is going bearish because of emotions which is not a good character of a Bitcoin investor that plan to invest for long period of time. You should always consider bear market as an opportunity to buy more Bitcoin to your portfolio if you really trust the entire Bitcoin process because it cannot fail us we believe in that; but you should have target of how long you wants to hold your Bitcoin, it is very important.

Not all would really be that good on doing that on which its never been easy considering sustaining yourself into this unpredictable space is really something that too hard to handle.
Acquiring up such skills would be taking up so much effort and time that you will really be needing to spend up and same goes for the money that you would really be that making in use.
We do know that when it comes into this aspect on which its never been easy but its not something impossible. This is where we are really that thriving to acquire these skills since we do know
that there's really that an advantage specially on having that opportunity to make profits on this volatile space.

Market dumps and crashes are really that normal and instead on freaking out yourself. Then why wont be considering on having some DCA? buybacks?
People will really be only be able to realize things when they do saw the price is already starts to recover and the worst is that they do keep on committing on the same mistake
again and again.

That's great,  for someone who did focus and manage to make money out from this market,  and like what you said for sure there are traders and investors here that treat the place as their main source of income and with their focus they managed to play with the market and luckily make money out from their investment,  though not all will have that same stories but for those who manage then it's a good thing being inspired and not to let your emotions to beat you and lose a lot.

When it comes to source of income then we are all thriving to have a couple or several number source of income on which we arent that indepently relying into our day job salary. Lets put up for the example that you do really only have that single source of income and turned out making up some investment on crypto then pretty sure you would really be needing up to be mindful or serious on where you had put up your money on.
On the moment that it will really be making out some changes in terms of price or even looking on a dump state or crash of the market on which it will really be that resulting into such price decrease then
it will really be molding up that kind of possibility that you might be able to make out some panic sell into that particular point. It is really that on a common behavior of a certain individual on having this kind of approach
or reaction on the moment that the price will really be having on this kind of level. Due to lack of experience and knowledge on how this market works then it will really be normal to have those reactions on which its pretty common. On the moment that you have already that experience and awareness then you would really be seeing these stuffs to be that an opportunity for you to accumulate or buy more.
Everything would really be that in accordance into someones knowledge on particular things on which its not really that limited to trading but also in other stuffs as well.

I know, we should really have another source of income and not really depend on crypto trading or anything related to it. However, it's really hard to make a lot of money or have sources of income if your capital is only limited. And so I would tend to believed that majority here are really focus on their crypto journey as their main source. So you can't blame them if they succumb to selling because they needed some money for emergencies. And then continue to grow their holdings as time goes along. Maybe after they withdraw, then they go back and continue to accumulate and uses DCA again as they know it's a effective method. I salute those who don't have any source but crypto and then continue to save a lot. I know someone, that in the last 7 years, was able to buy a decent house and he says that his next target is a car and everything relates to his income on crypto, be investing or trading here.

What do you mean by fatal analysis?

And it is wrong for a beginner to start selling Bitcoin when he has not accumulated enough Bitcoin. The rule of selling when one is investing is only when an investor has reached the time of sustainable withdrawal.

At the beginning stage what should be more focused on should be accumulating enough. Selling is a beginner is considered to be trading and not investing. So the term should not be interchange for the other. Because no investor would start selling their Bitcoin at the beginning stage or after a few profits.

It's very good if we have more than one source of income, setting aside profits from your other sources of income, in my opinion this is a fairly efficient way for us to increase our assets much more. Bitcoin is not only potential but
It has a very, very expensive intrinsic value every time it can be broken down by mining and its supply is fixed and will never increase.

Don't say there is no temptation, everyone's situation can sometimes change very quickly. even though you currently have no temptation to sell your Bitcoin, you certainly have your investment target. I don't believe you only collect Bitcoin with the DCA you do without having a target for the growth of your Bitcoin value.

Sometimes the decline in conditions does make people sell assets temporarily and come back when the price is good enough to start planning again. some use such a strategy, but I'm sure they don't hold for the long term. The DCA you do must be balanced with patience and experience to stay calm while holding Bitcoin while continuing to collect.

As long as Bitcoin investment is concern am never in any rush to sell my Bitcoin hodling, Bitcoin is a potential asset that we need never to sell now because of the future.

There is no temptation that will come my way that will make me to sell out my Bitcoin hodling because I have other source of income apart from Bitcoin investment that generates income for me, besides am still accumulating more Bitcoin weekly with my DCA strategy irrespective of the price level of Bitcoin and continue hodling for the future.

Bitcoin should be one of the potential coin or asset to have at this particular point in time because you will never regret having Bitcoin now in the future.

I’m not tempted to sell my coins, mostly because there’s nothing I would want to buy with the money I’d receive. Maybe when the economy figures out if we’re headed into a depression or not and asset prices come back down to reality it will be more tempting. With inflation being a concern now (we do not want to repeat the second inflation wave like the 70s) I think Bitcoin is the asset to own at this point in time.

Yeah, it's stressful and challenging as you need to anticipate there's always a big risk behind compared with long and medium types of trading,  short terms needs to eat a lot of your time, though there are traders who can manage to make decent money but their focus is only for this business unlike if you choose to take the long road, you still have those other alternatives to make money while waiting for your investment to be harvested,  and most of the time, when dealing with short term trades, there's a big chance that you'll make wrong decisions that you can't changed.

Yes, sometimes it is difficult, especially when doing short-term trading or trading that is 1 minute, because even if you don't want to, you have to be aware, we have Instant results, while long-term trading, or medium-term is what makes us do things better because there is more copacity of reaction, I have been seeing how my reactions can be and well sometimes economies make one think badly and execute some operations that should not be done, therefore when this type of thing exists, you have to stop completely and assimilate if you lost, I think that short-term trading is more Stressful.

I agree with you. The price of Bitcoin in our portfolio can never be fixed because price fluctuation will affect its value. However, holding more Bitcoin in our portfolio does not guarantee profits when investing. There are other things to be considered and if taken properly will support us in achieving our goals. Firstly the duration of our investment matters. We are more likely to profit more in our long-term investment when we have enough Btcoin in our portfolio. But so that you know we are not immune to losses when we trade or go about our investment wrongly. In one day what we have been accumulating for decades can just wipe out and that is why we ought to be very careful on the decisions we make in the path of our investment.