Topic: Are you tempted to sell? - page 5. (Read 4164 times)

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.

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.

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

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.

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.

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.

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?

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.

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.

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.

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.

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.

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.

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.

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.

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

You all have a point, but not every BTC holder who sells now does so for short-term profit. If you follow the whales alert, you'll see many dormant wallets holding BTC since 2009-2010 that moved some of their bag portions to an exchange site.
Let's be honest with ourselves: There's nothing bad in taking a profit when the BTC market is at its new ATH price for people who have held for three years or more.

I also agree with you, in fact, we should never have the desire for short-term profits, because in the short term Bitcoin can go in any direction at any time, as a result we may also face losses. In that case, Bitcoin will definitely increase in the long term, so if we have a long-term perspective, then our risk potential will be reduced to a large extent.
Market fluctuations are natural, so a prudent investor always invests for the purpose of long-term holding. Therefore, a new investor needs to make the right decision through proper research before starting his investment.

Agreed, Bitcoin market will not always be bullish, which is why a short-term holder may end up losing if he invests for profit. Long-term investment is encouraged to be profitable from Bitcoin. Sometimes some investors can get some profit quickly by investing, but if they want to sell the amount for the small profit, they may lose the ability to buy that coin again. Currently, the price of Bitcoin has crossed $100k and it will go higher in the future and at some point, holding Bitcoin will definitely go beyond the ability of many.

The most important decision about selling is made by the seller himself. He will take the decision after observing his profit and loss and the future prospects and depending on his decision, he will not be profitable or will lose later.

The rapid growth of Bitcoin sometimes encourages some investors to sell. Many cannot control their emotions because of which they sell their Bitcoin at a small profit but when the price increases, they regret it. That is why an investor must pay attention to taking a decision.

Every dip you should be buying into it not thinking of the sell, right now we might dip down some but ideally I say scale into that dip with a buy for the future higher price.

Only if you think the later higher price wont exist then the sell is best, dont wait to be swayed by the lower price if you have already decided this was the top.  Personally Im no where close to thinking this is the highest price possible, its only slightly above the old ATH in my mind, but upto you.

Ive too often made the mistake previously of underestimating the highs possible because the very base of BTC might be fairly modest a slight incline gradient, thats possible but the peaks always much more and this doesnt feel like much of a peak for the greater top.    Higher lows still ongoing, I struggle to see negatives at present and that is my bias most days.

Holding or selling then it will really be that up to you. If you do decide on selling out a small portion of your overall portfolio then it will really be just that depending on you too.  We do know that there would really be those who do hold up their position no matter what the market condition would really be. This is why on the moment that you've seen that we do able to reach up new all time highs then we will really be having those thoughts that we should be securing out some profits on which this isnt a bad approach since the primary reason on why we are here doing investment or trading is to make profits. Tempting out to sell will really be just that normal since we are really that after on making money and if you are really just that not contented with the current position that you are in then you wont really be caring about on what the price is all about.

There would really be moments or times that you will really be that having those urge on trying out to have that temtpation to sell out your holdings totally or in full on which it isnt really that bad either.
Holding up for long term isnt really that easy for a certain individual on which there would really be those time or moments that you will really be that affected emotionally on whats the current happening on the market.