Topic: Are you tempted to sell? - page 5. (Read 2169 times)

Better to have that sources of income aside from crypto, that helps a lot when deciding your position, as unlike with a single crypto investment chance that they'll move their assets once the market fluctuates, but if you have other source of income then it won't be hard to keep yourself holding your assets.

Especially if you fully understand how the market works and how will you anticipate the next possible market movements.

This would actually be the ideal thing that you should really be able to consider on which you should really be having that other source of income or stream on which you could really be able to make yourself that sustain in speaking about possible investment opportunities specially on crypto space on which whenever the price or market would really be going down then you do have already that funds on which  you could really be able to invest or buyback on the moment that you've seen that there are instances on which price entries are really that good. You wont really be that also making yourself that being too stressed on the time that you would really be investing specially if this isnt really just that your money that you are really that just depending. Whereas, in compared into those people who do go all in with their investment.

When it comes into this aspect then always invest on the amount on which you can afford to lose and never ever make yourself that become delusional because on the time or moment that you do
find yourself having some issues then you would really be that turn out to be impulsive whenever the price do make out such random movement. Just like the rest been saying that temptations
to sell would really be that likely to experience because the market is really that truly random and cant be known on which instances such as this would be commonly be able
to encounter it up.

Reserved funds are good, but I believe the best thing we can do is have another stream of income where we are not reliant on bitcoin alone, and it has no reason to pressure us to sell even at a cheap price. This is a common problem for most of us, as we think investing in bitcoin today will earn a profit tomorrow. Unfortunately, the design isn't going that way, as we need to wait some time, which most investors never clearly understood.

In the end, they give up and sell their bitcoin, believing that it was a scam and an unreliable investment. It is sad to see the situation, but we can say that not all are meant for this, some will just pass by while others will stay. 

When a person is in profit, his intention to sell is not bad. Since everyone needs to gain. Again, since not everyone is able to make a profit, I can consider it the right decision to take advantage of the opportunity. But in some cases the investor must consider that if he can hold then his profit amount can increase. An investor can be very profitable in short distance if held for a certain period of time which will completely depend on the investor. I have seen many investors who, despite their profits, hold to their assets in the hope of becoming even more profitable, but they end up not being able to do so. The investor has to take decision considering his financial situation. If he has the ability then there is no difficulty in holding and if not then selling having at a small profit is good idea.

The importance of money management in dealing with this kind of thing, where we have to manage money very well, including the distribution of the money we earn and we save, investment, reserve funds, emergency funds, necessities, insurance and things like that we must have that, because it will be very useful when our investment situation is not okay.

Someone who does not have this planning will find it easier to sell their bitcoin when the price drops, and that will make someone fail in investing in bitcoin, in investing in bitcoin there are no dividends, and only rely on capital gains when our purchase price is below the market price, so organize it very well so that it is not easy to panic sell and sell because you have needs that must be paid.

Investing without having a reserve fund will eventually sell BTC holdings because the pressure of pressure becomes a necessity, there is no other solution but to sell bitcoin, so it is important for us to set a strategy in finance and the reserve fund is what will save you from any pressure.

People still want to hold longer in Bitcoin, but sometimes other needs are not thought of how the solution is then this kind of thing will not be strong to hold bitcoin will definitely sell in the middle of the road especially if the person is panicking when he sees the price falling he will doubt whether holding is the best way or not.

That's why knowledge and experience can be important lessons for someone who invests. Especially in bitcoin, there is a term repeating cycle which can be used as a reference for not selling bitcoin during a downturn. Although sometimes psychologically forcing someone to take action to sell to avoid losses and that happens because they don't understand the concept of Bitcoin's journey in the market. Panic will make someone have problems in making decisions and most people panic because they don't understand investment properly.

When someone makes the decision to invest, there are many initial considerations that need to be taken into account, this aims to minimize the resulting risks. For example, recognizing potential coins and studying the journey in the market against historical values that occur because by knowing the journey of these coins a person can make the right choice when making an investment.

Just like on what everyone is really that talking on here then it would really be that a test of patience specially if you do get caught yourself into the dump or market correction.
The main thing that comes up into your mind is on how you would be minimizing the loses that you had committed. This is why it would really be that totally depending basing up
on how experienced you are into this market. If you are just that some sort of noob or simply being newbie about market volatility then this is something that will really be that a huge
problem because you would really be that prone into tons of mistakes because you dont really know on what you should gonna do. There would really be those times or moments that you do really like to sell
because you've been thinking that the price might be going down even more. This is why it would really be best that you are wary on how market will really be moving. There are really indeed
times or those moments that you would be having that kind of feeling.Selling in loss is never been that ideal because the market will really be just that simply recover.

Impatient people will remain impatient, and they will sell their bitcoin when pressures urge them. So I would say that if they can't manage to hold their bitcoin today, it is hard to expect that these people will hold their bitcoin in the future. 

Having a straight-forward direction to our goal will be our ticket to success, but living with a doubtful mindset and behavior certainly leads us to nowhere and losses. That is why we could say that not all investors are earning; some also suffer losses because of their actions. It is our trust that changes our minds, and keeping it strong helps us gain strong emotions.

In the future, you must be able to hold on as much as you can if it is Bitcoin, because it would be a shame if the existing Bitcoin had to be sold because of urgent matters or certain needs that you cannot postpone. But as long as what you are selling is not Bitcoin, I think you don't need to make any considerations as long as the sale can generate profit and you can use the profit for all your urgent needs. Because Bitcoin is the best coin that is generally more worthy of being maintained and it would be a shame if it had to be exchanged for something else that is not more meaningful.

The question is that why do we settle for less profits and cannot hold for the bigger profits?

I think the answer for this is that we do not trust our own process. When we take the trade then we have in our mind that we take profit at 1R, 2R or 3R, but as soon as we are in profit the price does not go straight up, it goes down one leg before moving another leg up, but we are afraid that this may dump further and therefore we take the tiny profits that we have achieved and therefore we sell our coins in lower profits.

Actually it would really be depending on what kind of investor or trader you are on which it would really be that basing up whether you would really be holding up your position or you would really be that accumulating even more at the bottom. We do know that when it comes into this aspect then it cant really be avoided for some time that you would really be having that kind of impulsive emotions that would really be leading up into panic on which it causes up for you to think that you should sell your coins to avoid further loses but we should really know on the first place that having those cutting loses will really be just that making the situation even more worst. Instead on doing such thing then why cant really just that making up some buybacks instead of panic selling? We do know that the market wont really be just having a single movement to take or path to go into.
There are really those times or moments on which you would really be thinking up that you would really be needing to sell specially if you do lack sufficient experience towards this market then most likely you will really be doing it. Temptation is really that hard to resist on the time or moment that you do find yourself being having that kind of panic or simply it is really that involving emotions on which we know that this is something
that will really disrupt you on making up good decisions just because emotions are really that on the way. You cant think off well on what you should gonna do thats why further steps be done will really be that totally random.

OP, we have to remember that investing in Bitcoin is a long-term investment. If someone invests in Bitcoin and holds it for a long time then he can definitely profit. As the halving is complete, everyone is waiting for the bull run so I think it would be better to continue buying bitcoins with DCA method rather than selling bitcoins at this time. If you sell Bitcoin you may regret the upcoming bull run. Actually everyone can invest in Bitcoin but not everyone can hold long time. Not everyone has the same plan. I personally think it would be wise not to sell Bitcoin at the moment.

It's still a debate about right or wrong in this case, but I can say it's wrong to sell for reasons to avoid losses because bitcoin is experiencing a decline like most people do. Even though we understand how the market works at all times, there are times when conditions go down or up and that should be the answer not to sell in those conditions. When an investment is made for the long term this does not affect anything because people expect ATH as a step to sell it.

About the decision to sell then keep USDT to make it easier to convert back into bitcoin and whether it is profitable. My answer is no because when people take the wrong approach to selling or accumulating purchases, it will actually cause losses. For me it is better to hold on to holding and it is better to apply a long-term investment pattern to bitcoin investment problems.

But it is also undeniable that there is a feeling of impatience to be able to sell it when you have made a profit, I think that is a common thing to happen even though the bear trade is in accordance with the plan that has been planned from the beginning but there are quite a lot of things on the journey that shake the initial plan. Personally, I am also often tempted to sell immediately when I have made a profit but I try as much as possible to hold it back from happening unless selling when urgent needs cannot be avoided.

Before anyone decide to start trading they should have already have a plan they intend on using and not to rely on following the market movement because the market can deceive them. The dip of the market should not tempt any trader to sell unless they have confirmed that the market is going to fall more than it fell from reading the market charts. Why they have to do this this is because bear traps happens alot in the market which is when you think the market is going to continue falling but after you sell, the market starts to recover and cryptocurrency recover very fast therefore there is no point selling just because the market is dipping. A more better approach to the market during this time is to hodl and accumulate more Bitcoin in anticipation for when the market recovers.

That's how you need to understand the market, as it can move quickly just by the glimpse of eyes, you need the right anticipation and timing to avoid making mistake when buying or selling your assets, especially when fluctuation is so active, there are many aspects and factors that you need to review and another factor that will affect things out is your experienced, you'll be able to decide correctly when you deeply know what you are doing.

Don't get me wrong, I am referring to day trading and we need to follow the principle of take profit and stop loss in trading.
Bitcoin falling to $49k and suddenly rising to $60k is unpredictable and that is why it is much more difficult to make profits from trading and many people do not like trading.


I am a long-term investor so I will support long-term holding, but each person has their own choice, whoever likes to trade is their right and we should not impose our thoughts on them. Also, if everyone only held long term and no one became a trader, do you think this market would still exist? Therefore, whether to trade or invest long-term is up to each person's choice.

can't deny that getting influenced by emotion in our trade when we are trading short term is a real though and it's definitely the reason why many people lose in short term trading, the fact that short term trading requires monitoring 24/7 means we'll more likely get affected psychologically by the price action and therefore creating weak decision in the trade.

what I find interesting in polishing my strategy is, if I want to trade short term and with leverage, I will just setup TP/SL accordingly and I will go to sleep LOL. hoping it won't hit SL but it helps me not get affected emotionally.

For those that are into trades, there is this crucial aspect many don't pay attention to when the market price is getting more volatile and by this time, you will discover that you are seeing the current move showing a sentiment that the market is rising and that is what you also discover from the price chart with some of the indications, but after some minutes, the whole thing will then change and everything turned the opposite, then you begin to see the drop of the market from with a new indication showing bearish, so if a market rises, we shouldn't concluded yet for bullish until it was sustained, because it may be an indication for bear.