Are you tempted to sell? - page 4. | Bitcointalksearch.org

khiholangkang

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Quote from: LUCKMCFLY on December 11, 2024, 02:12:17 PM

Quote from: khiholangkang on December 04, 2024, 10:08:24 AM

Bitcoin's view is still very far away, the price of $ 100k is still very very possible we get at the end of this year, institutions must be competing to collect BTC for their additional assets, so we don't sell it for now.

It's a fact, things are like that, I personally have a lot of faith in BTC, the DCA method for me is something that is hopeful at all times, some see it as the great way out after having missed the train, this is something that we should consider that there is always hope, that is why it is good that we, in what we can, buy, it does not hurt, not that it is in large quantities, I think that if we usually buy a little, that fills the bag, I think that drop by drop the glass will overflow, and that is fulfilled in this method.

Yep that's right, do you have a target price of selling Bitcoin you have? I think everyone has this kind of thing in his mind about Bitcoin, if not at the price, the target of selling time, such as in the next 4 years or 10 years.

Like what is in my mind in this cycle targets the price of Bitcoin at $ 150K for the sale of half of my Bitcoin ownership in this cycle to attract some benefits and realize it for the growth of my offline business or traveling with my family.

Mame89

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Quote from: ? on December 09, 2024, 08:48:23 AM

It's all a business strategy. Everyone investing in bitcoin is doing that for a common goal, "Profit". However, short term investment leaves the investor in panic and regular checks. Bitcoin achieving this great height in less than 2 months from its 50k benchmark is something many could not envisage. If you had sold part at 100k, it's not a bad deal.
Bitcoin dips and surges and intervals. It will be wise investing back a percentage into bitcoin as hope for the future. Panic sale will only leave someone in regret as time goes on.

It is tempting every time the price goes up, but you have to stick to your investment goals if you do make a profit, selling is a mistake because as you said the goal of investing is to make a profit and of course when the profit has been made, selling is not something wrong to do. It's just that what's wrong is that they sell because they panic and their investment goals are not achieved. Stick to your goals and of course every strategy must have a goal.

Rest assured the crypto market is always correcting. Sometimes we also need to be vigilant so as not to be tempted by these high prices. Stay calm, don't panic and don't get caught up in greed. Unless your investment goal is long term. What's wrong is that at times like this, many beginners come amidst the increasing interest in bitcoin, they are also tempted by big profits, but they forget that historical data shows that drastic price increases are often followed by sharp declines that make them panic and even tempted to sell it. Being tempted to sell when the goal has been achieved is good but being tempted to sell when you panic is not good.

philipma1957

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Quote from: Moreno233 on December 12, 2024, 12:48:25 PM

Quote from: OgNasty on December 11, 2024, 12:52:08 PM

I wouldn’t say that I’m tempted to sell but I sure am seeing a lot of top signs recently. It makes me think we could be in for a large correction once everyone gets comfortable with the idea we’ll be above $100K. I swear by the four year cycle though so I’m trying to stay committed to my plan. No selling until taxes in April, no major selling until after next summer.

You are not far from the truth regarding the general market sentiment, the only thing not clear is the timing. There may be some corrections especially as we are trading with the 100k area but how deep this will go and how long the correction will last is what is not known. But a good pointer to the fact that the correction will not last is the inauguration of the president elect, Donald Trump that will happen in January. Close to the time of such bullish event and onward will be very great for Bitcoin.

I see the correction starting the week before Trump is sworn in.

My logic is we will be around 120k on Jan 13

Those that bet Trump would win got in at 60-70k Oct 2 was 60.8k We topped at 72.3k on 10/31 and 75.6k on nov 7.

So all those players made solid money if it is 120k on Jan 13. I say they take profits then. And we correctly bigly and Trump has his first issue right when he gets in a crashing BTC price.

philipma1957

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I have complex tax issues that demand I sell no more this year.

So it is hodl to at least Jan 1

Moreno233

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Quote from: OgNasty on December 11, 2024, 12:52:08 PM

I wouldn’t say that I’m tempted to sell but I sure am seeing a lot of top signs recently. It makes me think we could be in for a large correction once everyone gets comfortable with the idea we’ll be above $100K. I swear by the four year cycle though so I’m trying to stay committed to my plan. No selling until taxes in April, no major selling until after next summer.

You are not far from the truth regarding the general market sentiment, the only thing not clear is the timing. There may be some corrections especially as we are trading with the 100k area but how deep this will go and how long the correction will last is what is not known. But a good pointer to the fact that the correction will not last is the inauguration of the president elect, Donald Trump that will happen in January. Close to the time of such bullish event and onward will be very great for Bitcoin.

Onyeeze

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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.

if you purchase a bitcoin at higher rate and the price of Bitcoin happened to decrease you should not be panic because as it decreases so shall it increase to maintain the particular point that you purchase it before it decreases but whenever something like that happen many people feel regret of purchasing Bitcoin so is good for you to invest before the price of Bitcoin increases because it is only the best time you can make a profit left with it I don't think about you. Some people do make mistake and then always follow Bitcoin price when it increases to invest so I think that that particular time you need to have the mindset of Bitcoin increasing and the invest before the price Rises

LUCKMCFLY

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Quote from: khiholangkang on December 04, 2024, 10:08:24 AM

Bitcoin's view is still very far away, the price of $ 100k is still very very possible we get at the end of this year, institutions must be competing to collect BTC for their additional assets, so we don't sell it for now.

It's a fact, things are like that, I personally have a lot of faith in BTC, the DCA method for me is something that is hopeful at all times, some see it as the great way out after having missed the train, this is something that we should consider that there is always hope, that is why it is good that we, in what we can, buy, it does not hurt, not that it is in large quantities, I think that if we usually buy a little, that fills the bag, I think that drop by drop the glass will overflow, and that is fulfilled in this method.

OgNasty

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I wouldn’t say that I’m tempted to sell but I sure am seeing a lot of top signs recently. It makes me think we could be in for a large correction once everyone gets comfortable with the idea we’ll be above $100K. I swear by the four year cycle though so I’m trying to stay committed to my plan. No selling until taxes in April, no major selling until after next summer.

LUCKMCFLY

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Quote from: Sebas.tian on December 03, 2024, 10:58:00 PM

Purchasing Bitcoin in this current price is not advisable to investors, because it will not help you to achieve what other investors that purchased Bitcoin when the price was low which is the season professional investors use to purchase Bitcoin and hold for bullish season to appear before they can release them for sale. If you are not expecting huge income from Bitcoin, you can purchase Bitcoin in this current price but it will not allow you to make a huge amount of income, because you purchase when the price of Bitcoin is high. No doubt about that if the price of Bitcoin will reach $100,000, because the price of Bitcoin is going to increase above $100,000 in this month and it will help those investors that are still waiting for the price to appear in this month of December before they can trade to increase their income.

I understand what you say, in itself you are right, it is advisable and what many should do, however we are going through a good BTC streak, we see that it has almost reached $ 100k and well, and yes it can very well go down, but let's say that instead of going down it can reach about $ 150k which is very likely, then we will have lost a tremendous opportunity, that's what I mean, however it is a risk that some or very few dare to take, that is what everyone has and can do according to their money, everything is in the capacity of each one, the best thing is to take advantage of opportunities when they arise, in the same way if you buy now and it goes down a lot, at any moment the btc will go up much more and you would already be winning.

GeorgeJohn

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Quote from: LUCKMCFLY on December 10, 2024, 12:56:27 PM

Quote from: Swordsoffreedom on November 30, 2024, 08:55:24 AM

Me too, if we intend to invest long term in bitcoin then we don't need to watch the charts too much or try to constantly track what the whales are doing. That will make us susceptible to their actions and make wrong decisions, which is hardly beneficial for long term investing. Instead, let's focus on DCA and stick to the original plan we outlined: how long will we hold bitcoin, how much bitcoin can we buy, and when will we sell?...I think for a long term investor, that is more than enough instead of looking at the charts too much and making too many predictions.

Yes, you are right, but it is always recommended to follow up. In the books I have read about investment they say that it is good to follow up to see how much you can Progress at a given time, so in this case things with respect to investment can be seen if there are short-term benefits and you need to withdraw, well that is also valid, although it is always recommended that all investment be long-term, so it depends on how the person wants to take it, it is all a matter of Decision in the end.

matters most investment is that you should have a prospect in any investment that you want to venture into and having a target should be your primary assignment in any investment it does not determine if the Investment is long-term investment or a short term investment but the make sure that you have a target or a limit when your limit is completed you don't need to waste time or to delay to cash out your investment one thing that makes people to think that investment especially long-term or short-term investment is not good is when they don't have a plan towards that investment but when you have a particular target towards your investment you'll be more conscious of it and they immediately it reached to your target you withdraw instantly

LUCKMCFLY

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Quote from: Swordsoffreedom on November 30, 2024, 08:55:24 AM

Me too, if we intend to invest long term in bitcoin then we don't need to watch the charts too much or try to constantly track what the whales are doing. That will make us susceptible to their actions and make wrong decisions, which is hardly beneficial for long term investing. Instead, let's focus on DCA and stick to the original plan we outlined: how long will we hold bitcoin, how much bitcoin can we buy, and when will we sell?...I think for a long term investor, that is more than enough instead of looking at the charts too much and making too many predictions.

Yes, you are right, but it is always recommended to follow up. In the books I have read about investment they say that it is good to follow up to see how much you can Progress at a given time, so in this case things with respect to investment can be seen if there are short-term benefits and you need to withdraw, well that is also valid, although it is always recommended that all investment be long-term, so it depends on how the person wants to take it, it is all a matter of Decision in the end.

temple

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Quote from: goldkingcoiner on December 09, 2024, 02:07:45 PM

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

This is a good topic for people who are tempted to sell. The first thing they see when coming here is this image and they think: "wow Bitcoin price has doubled since August this year"

And hopefully that takes their hodling fears away.

That's what I thought at first, but you will also have those who draw other conclusions and argue that the market is overheated. I think the best they can do is to either familiarize themselves with what bitcoin is or they look at the chart from bitcoin's inception, real all the headlines how "bitcoin is dead" and then draw their conclusions. Tongue

The resistance around the 100k USD level is stronger than I thought. When it broke 103k USD I expected some higher prices pretty quickly, but there are lots of people who still have those hodling fears and maybe think they rather sell at 100k USD to buy back cheaper later (which is not the smartest thing to do unless they get lucky) than to hodl in times of potential correction.

But given how many things have been playing out recently, I don't think that bitcoin will undergo strong price corrections.

EarnOnVictor

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Quote from: Republikcoin.com on December 09, 2024, 10:56:21 AM

Quote from: ? on December 09, 2024, 08:48:23 AM

It's all a business strategy. Everyone investing in bitcoin is doing that for a common goal, "Profit". However, short term investment leaves the investor in panic and regular checks. Bitcoin achieving this great height in less than 2 months from its 50k benchmark is something many could not envisage. If you had sold part at 100k, it's not a bad deal.
Bitcoin dips and surges and intervals. It will be wise investing back a percentage into bitcoin as hope for the future. Panic sale will only leave someone in regret as time goes on.

It is indeed a bit surprising to many people so far but for investment, Of course it is still very wise for everyone to reinvest some of their capital back into Bitcoin at this time even though some people may have taken advantage of the price increase so far. But I also agree with the opinion you expressed that panic selling in a short time will only result in regret when they see Bitcoin flying to a much higher price in a short period of time. So I think every decision should be considered more wisely before there is a regret later.

This is very bad investment advice, Bitcoin may rise further but the security of our account should be our top priority, not the earnings. There is nothing better and safer in investment than to strike the market at its low, but at worse, it can be struck at the middle, anything that looks like buying the peak should not be welcomed.

The most widely anticipated target for this bull season is $100,000, any drastic reaction may occur. It will be ugly if the market catches investors buying at the peak. Who knows where Bitcoin may reach in this coming bearish season? So we should learn from those who bought it close to $69,000 in 2021 and started lamenting and calling Bitcoin all sorts of bad names, they made the same mistake. They did so with advice like yours, building confidence where they should not.

Even if anyone buys now, they can't gain so much? So why risk your money? Why not wait and buy the reasonable low again?

skarais

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Quote from: goldkingcoiner on December 09, 2024, 02:07:45 PM

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

~~~

This is a good topic for people who are tempted to sell. The first thing they see when coming here is this image and they think: "wow Bitcoin price has doubled since August this year"

And hopefully that takes their hodling fears away.

Yes, bitcoin has recorded an increase of 100% compared to its price in August. Exactly on August 5, bitcoin made a big correction and recorded its lowest price at $49k, but since then the price has improved and continued to rise until hitting $104k as its new ATH in December. It only took 4 months to get 100% returns from bitcoin during the bullish period, it was truly an extraordinary experience.

But I am sure about one thing. Many investors have set $100k as the exit point of their investments so far and they start selling them and saving the returns. The impact of course is that prices change downwards, but are easily recovered in bullish times. It's a little annoying to have the price of bitcoin drop more than $10k in one day, but it has become a common occurrence in this highly fluctuating market.

goldkingcoiner

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

This is a good topic for people who are tempted to sell. The first thing they see when coming here is this image and they think: "wow Bitcoin price has doubled since August this year"

And hopefully that takes their hodling fears away.

suzanne5223

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Quote from: aylabadia05 on December 09, 2024, 04:51:31 AM

Quote from: dunfida on December 09, 2024, 03:44:45 AM

Quote from: suzanne5223 on December 08, 2024, 02:45:44 PM

If you are in profit, then why not? The primary purpose on why we are trading or making investment into this market is to make money and if you do go for short term then you can sell out immediately if theres a pump but if you can hold up even longer then it will really be that up to you and just dont mind about on the price movements whether its going up or down. Set goals accordingly and thats the time that you will really selling out your portfolio but of course we do have that tons of positive speculation of Bitcoin will be reaching out millions. Isnt this something that people wont be excited about? In talking about having those selling on the moment or time that the market do make out some bearish market then this is usually people who do panic sell because they cant be able to take up such risk on holding and seeing their port getting even more lower. If you are just that a noob then you will be able to feel up this way but if you've been here on several market cycles then you do really know on what you should gonna do.

Of course, it's okay to sell as long as they are profitable, but avoid selling when you are at a loss. The goal of trading and investing is of course to make a profit, so we can't say it's bad for most people. I also trade while investing, but I tend to avoid trading because investing in bullish times like now is more profitable in my opinion. It's up to you whether this is the right or wrong attitude, but what is clear is that my approach so far has given me worth it benefits.

Some of us may trade frequently and take advantage of short-term volatility for some profits, so this is not a big deal. They can do it for any time frame, but for me long term investing is still clearly more profitable than day trading.

Both trading and long-term holding can be profitable. You can do both or choose one depending on your knowledge, how good you are in the field, the source of information you use, your ability to control your emotions, the crypto you trade, and your capital.
What I don't like is the day trading time I have to spend doing the daily activities of trading.

Issa56

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Quote from: ? on December 09, 2024, 08:48:23 AM

It's all a business strategy. Everyone investing in bitcoin is doing that for a common goal, "Profit". However, short term investment leaves the investor in panic and regular checks. Bitcoin achieving this great height in less than 2 months from its 50k benchmark is something many could not envisage. If you had sold part at 100k, it's not a bad deal.
Bitcoin dips and surges and intervals. It will be wise investing back a percentage into bitcoin as hope for the future. Panic sale will only leave someone in regret as time goes on.

Some people that are selling their bitcoin currently are not short term investors. When investing in bitcoin, whether as a long term investor or a short term investor, we always have a target. Some people have been holding bitcoin for some time, and their target is for them to sell when bitcoin hits a particular price, since they have been able to achieve their aim, then they will sell their bitcoin. Some people selling their bitcoin currently have been holding bitcoin for years, and they are already in good profits. I know some people panic and sell, but some of them have hit their target, and I am sure people that have been holding bitcoin for a long time won’t be selling all their bitcoin, they will only be selling parts of their bitcoin.

Republikcoin.com

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Quote from: ? on December 09, 2024, 08:48:23 AM

It's all a business strategy. Everyone investing in bitcoin is doing that for a common goal, "Profit". However, short term investment leaves the investor in panic and regular checks. Bitcoin achieving this great height in less than 2 months from its 50k benchmark is something many could not envisage. If you had sold part at 100k, it's not a bad deal.
Bitcoin dips and surges and intervals. It will be wise investing back a percentage into bitcoin as hope for the future. Panic sale will only leave someone in regret as time goes on.

It is indeed a bit surprising to many people so far but for investment, Of course it is still very wise for everyone to reinvest some of their capital back into Bitcoin at this time even though some people may have taken advantage of the price increase so far. But I also agree with the opinion you expressed that panic selling in a short time will only result in regret when they see Bitcoin flying to a much higher price in a short period of time. So I think every decision should be considered more wisely before there is a regret later.

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Quote from: Mate2237 on December 08, 2024, 04:03:17 PM

It was not tempted but I sold some percentage when the price finally hit $100k and I didn't regret for that sale because the time when I sold the bitcoin, dollar exchange rate to the local currency was $1 equal to N1753 and I made good about from the sold and today now the price of the exchange rate is $1 is equal to N1500 and I am still believing that, the price of the local currency exchange will still come down. One thing in this crypto market is to understand the movement of both the price of bitcoin and also the local currency exchange rate with dollar. So you won't invest in lost.

Long term investment is the best so that you won't monitor the market anymore and focus only on investing more in the wallet. And that was what I did and gotten a profit it

It's all a business strategy. Everyone investing in bitcoin is doing that for a common goal, "Profit". However, short term investment leaves the investor in panic and regular checks. Bitcoin achieving this great height in less than 2 months from its 50k benchmark is something many could not envisage. If you had sold part at 100k, it's not a bad deal.
Bitcoin dips and surges and intervals. It will be wise investing back a percentage into bitcoin as hope for the future. Panic sale will only leave someone in regret as time goes on.

aylabadia05

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Quote from: dunfida on December 09, 2024, 03:44:45 AM

Quote from: suzanne5223 on December 08, 2024, 02:45:44 PM

If you are in profit, then why not? The primary purpose on why we are trading or making investment into this market is to make money and if you do go for short term then you can sell out immediately if theres a pump but if you can hold up even longer then it will really be that up to you and just dont mind about on the price movements whether its going up or down. Set goals accordingly and thats the time that you will really selling out your portfolio but of course we do have that tons of positive speculation of Bitcoin will be reaching out millions. Isnt this something that people wont be excited about? In talking about having those selling on the moment or time that the market do make out some bearish market then this is usually people who do panic sell because they cant be able to take up such risk on holding and seeing their port getting even more lower. If you are just that a noob then you will be able to feel up this way but if you've been here on several market cycles then you do really know on what you should gonna do.

Of course, it's okay to sell as long as they are profitable, but avoid selling when you are at a loss. The goal of trading and investing is of course to make a profit, so we can't say it's bad for most people. I also trade while investing, but I tend to avoid trading because investing in bullish times like now is more profitable in my opinion. It's up to you whether this is the right or wrong attitude, but what is clear is that my approach so far has given me worth it benefits.

Some of us may trade frequently and take advantage of short-term volatility for some profits, so this is not a big deal. They can do it for any time frame, but for me long term investing is still clearly more profitable than day trading.

Topic: Are you tempted to sell? - page 4. (Read 4009 times)