Are you tempted to sell? - page 13. | Bitcointalksearch.org

Coin_trader

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Quote from: Moreno233 on August 05, 2024, 05:10:49 AM

To the average investors, this can be very troubling as many will be considering to sell to avoid further depletion of their asset. But is this the right thing to do? Do you plan to sell now to avoid further loss?

Many people in some of the groups I know are thinking about converting to USDT to convert back to BTC after the rainfall stops but I don't thing this is a wise decision. Personally I have resolved to continue buying this time. What do you think?

Actually, It’s human favorite mistake is the urge to sell when the market is dumping and buying when the market is pumping. I will not be surprised if many traders will sell on this terrible price action compared when the price is hovering near the peak since everyone is expecting to gain more when the market is positive.

I personally on DCA mode whenever Bitcoin price reach this kind of Fear level on price since I’m confident that there’s already a lot of potential buyer that is interested when the price gives an opportunity like this for a lower price entry.

Selling now isa absurd thing to do since the sell-off already done.

fuguebtc

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Quote from: Ever-young on August 05, 2024, 06:43:02 AM

To be honest, the market is very confusing to me right now. It's as if I made the wrong choice a few days ago for buying and adding more to my bag with the expectation of seeing a turn around in the market, when I could have just waited a little longer and bought now that the market is even going a bit deeper, which we can't even predict how dip the market will go this month. Not in a hurry to sell, but it's profiting to know when some will take advantage of a situation.

You were not wrong when you made the decision to buy Bitcoin a few days ago because bitcoin is unpredictable. If bitcoin suddenly skyrocketed to $80K today, you'd think you'd made a wise decision. Don't blame yourself every time you buy bitcoin at a high price or be too arrogant when buying at a low price because the market is unpredictable . You should be satisfied with what you have and should have an investment plan instead of regretting short-term fluctuations .

Bitcoin is only down 10% today and 24% over the past week , which means you won't earn more bitcoin if you invest just a small amount . Meanwhile , if you bargain too much with the market, you could miss out on bigger profits if bitcoin goes up in price .

BITCOIN4X

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Quote from: Moreno233 on August 05, 2024, 05:10:49 AM

To the average investors, this can be very troubling as many will be considering to sell to avoid further depletion of their asset. But is this the right thing to do? Do you plan to sell now to avoid further loss?

No, absolutely not planning to sell now. It is not a wise choice to sell during a downturn, you have to stay strong mentally and whatever you have prepared beforehand. It is mandatory for every investor to have a reserve budget apart from investment, this clearly has many useful when the market is in a downward trend. You can accumulate when a major correction hits if you have a reserve budget, it will obviously help you a lot in the future.

Just stay calm and do whatever makes you happy if you can't accumulate. As long as you don't sell during a downturn, you don't lose anything, except your estimated assets in fiat. Don't be tempted to sell and take a loss on an investment that you hope will give you a return, remember, the market will recover once these people's panic attacks are over.

letteredhub

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Quote from: Ever-young on August 05, 2024, 06:43:02 AM

To be honest, the market is very confusing to me right now. It's as if I made the wrong choice a few days ago for buying and adding more to my bag with the expectation of seeing a turn around in the market, when I could have just waited a little longer and bought now that the market is even going a bit deeper, which we can't even predict how dip the market will go this month.

Welcome to the uncertainty nature of the bitcoin market. The market has always been unpredictable and at times there are decisions we may make and it would seem as though it was a mistake but the reaping for such decisions usually take effect in the long term. No need for the regret mate.

Quote

Not in a hurry to sell, but it's profiting to know when some will take advantage of a situation.

Yea it's profiting to but on the contrary getting to always know when to take advantage of the market would mean an increase in market manipulation, reducing the phenomenon of uncertainty and volatility of the bitcoin market to nothing.

Mr.right85

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When it comes to Bitcoin, I’m never in a rush to sell, not even a fragment of my portfolio and it gets worst when Bitcoin dumps. I usually do cheated with the knowledge I have of it, knowing what I do know and yet go ahead to sell is alway an act of desperation and I often prepare myself not to allow things get to that level.
People might rush to sell now given that Bitcoin is quickly dumping but, don’t forget, the weekend is gone and the dump has been steep which means over sold, it could buy in any moment.

Sexylizzy2813

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Is this going to be this worse or are we going to expect more dop in the market because it doesn't show any sign of dragging itself from this very amount ($50k) that we have it at the moment, talk about Bitcoin price, last time I checked it was $50k and since then I haven't seen Bitcoin price get to $51k, I think it will take a long while before we start seeing a step up to a positive price, maybe this week isn't a week to hope on that. This alone can kill the patience many have and in no time you see some selling other than having that hope of things turning around again, is just a matter of time for us to see who's going to let go.

Ever-young

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To be honest, the market is very confusing to me right now. It's as if I made the wrong choice a few days ago for buying and adding more to my bag with the expectation of seeing a turn around in the market, when I could have just waited a little longer and bought now that the market is even going a bit deeper, which we can't even predict how dip the market will go this month. Not in a hurry to sell, but it's profiting to know when some will take advantage of a situation.

Moreno233

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Since the bull market started last quarters of last year, we have seen more increase and minor retracements(often gradual retracement) but the last seven days have been very challenging for the Bitcoin market. The same period should be the first time in a long time that we are seeing Bitcoin price drop by 24%, a figure I consider a retracement. In the last 24hrs, Bitcoin have dropped over 12% in price which is the highest drop in price experienced in24hrs since last quarters of last year. The picture below is the data gotten from Coinmarketcap.

To the average investors, this can be very troubling as many will be considering to sell to avoid further depletion of their asset. But is this the right thing to do? Do you plan to sell now to avoid further loss?

Many people in some of the groups I know are thinking about converting to USDT to convert back to BTC after the rainfall stops but I don't thing this is a wise decision. Personally I have resolved to continue buying this time. What do you think?

Topic: Are you tempted to sell? - page 13. (Read 2842 times)