I wouldn't sell now or at 85k, in fact I would guess or hope I would be less apprehensive at 85k because we are free and clear of any prior volume at that point. Its possible now to draw a negative conclusion, I dont agree with that conclusion but some might as we remain below prior highs.
If the old ATH or any price near that was going to act a solid ceiling or bar to further gains we'd already have dropped far harder then any selling seen this year.
What I do see is inconclusive to me, we got a peak volume and decline till now. We also have an expanding formation between the peak and lowest prices, I need to study what that formation may lead us into a sequence of. I assume higher volatility will occur as we make a break of range.
Topic: Are you tempted to sell? - page 6. (Read 2169 times)
I hold every coins I can despite the downfalls in Bitcoin price. I just don't hold more because I have expenses which can't be ignored right now, so I have to be responsible. I can't keep all my satoshis intact right now, otherwise a crash may happen again and then I won't be able to pay my expenses. Anyway, I'm pretty confident Bitcoin will reach a new ATH by the end of 2024, so for those who can give themselves the luxury of holding all their coins, I think it's a good idea, because the reward for the patient ones must be gathered soon.
For those who are stressed and anxious I would recommend that they sell their coins if the current situation is being detrimental to their health. Health first in every cases...
Apparently, you made a mistake while considering your investment in bitcoin not just bitcoin but it's a general rule that one must obey in order to hold tight to their investments. You sold part of your bitcoin for save yourself from some certain problems that you would have avoided if only you obeyed the rule of having an emergency fund or reserved funds that would have saved you from unforeseen circumstances like you have experienced. For those who are stressed and anxious I would recommend that they sell their coins if the current situation is being detrimental to their health. Health first in every cases...
Even in the biggest dips of bitcoin one with a strategic idea would be buy instead of selling, but perhaps everyone have their own personal life's which I respect but always have this mindset of checking out the rules guiding whatever ever you are dealing with.
For the most part I wouldn't recommend selling as an option for anyone rather they should restrategize and made better decisions than selling their little holdings.
You don't have to hold an investment asset forever without considering selling when your target is reached, but selling on a downturn is a bad choice. Even if you still keep a few percent of the profit from the initial investment value, selling during a correction should be avoided. This advice is useful for you and others if you want to get returns, but you will have to wait longer to get returns if you don't accumulate during the price correction.
If you have a budget, then accumulate during corrections. Although I do not guarantee your profits, this approach allows you to generate returns faster than before when the market recovers. Taking advantage of volatile markets is desirable, but only if you have the budget.
One of the most difficult things in trading is when you buy a coin and you are making a small profit, but you can't stop yourself from selling and holding the coin until it goes higher. You have set a target where you have to sell, and sometimes it also has a disadvantage that the market is going up and you are getting a little bit of profit, but suddenly the market goes down a little bit and the little bit of profit that you were getting is gone. From where you bought the coin, it goes back to the market and goes back to the same place. If you have a budget, then accumulate during corrections. Although I do not guarantee your profits, this approach allows you to generate returns faster than before when the market recovers. Taking advantage of volatile markets is desirable, but only if you have the budget.
If you hold it, you will get a big profit at the same time, but you will miss out on small profits. They say that to get something big, you have to sacrifice something small, in the same way, to get more profit, you have to give up a little profit. These are the rules of the market and the one who learns all these rules and tricks becomes a successful trader.
You don't have to hold an investment asset forever without considering selling when your target is reached, but selling on a downturn is a bad choice. Even if you still keep a few percent of the profit from the initial investment value, selling during a correction should be avoided. This advice is useful for you and others if you want to get returns, but you will have to wait longer to get returns if you don't accumulate during the price correction.
If you have a budget, then accumulate during corrections. Although I do not guarantee your profits, this approach allows you to generate returns faster than before when the market recovers. Taking advantage of volatile markets is desirable, but only if you have the budget.
One of the most difficult things in trading is when you buy a coin and you are making a small profit, but you can't stop yourself from selling and holding the coin until it goes higher. You have set a target where you have to sell, and sometimes it also has a disadvantage that the market is going up and you are getting a little bit of profit, but suddenly the market goes down a little bit and the little bit of profit that you were getting is gone. From where you bought the coin, it goes back to the market and goes back to the same place. If you have a budget, then accumulate during corrections. Although I do not guarantee your profits, this approach allows you to generate returns faster than before when the market recovers. Taking advantage of volatile markets is desirable, but only if you have the budget.
If you hold it, you will get a big profit at the same time, but you will miss out on small profits. They say that to get something big, you have to sacrifice something small, in the same way, to get more profit, you have to give up a little profit. These are the rules of the market and the one who learns all these rules and tricks becomes a successful trader.
I don’t think I will be tempted to sell again until we hit $85K or I go broke. In both cases it isn’t a certainty but that’s when the temptation would creep in. I guess my job is to make sure that I don’t go broke and when Bitcoin hits $85K to remember that my goal is to be free, not rich.
You are right, BTC from 85 to $100k would be a good time to be tempted for sure
For me - as well.then it would really be common sense that you would really be securing your profits no matter what. It would really be none others business if you would really be trying out to make yourself on having those selling points. The key on here is that you do really know on what you are doing. Speaking about selling out and getting tempted on the moment that the market would really be having some crash?
This is something that will really be just that common because on the time that you do find yourself panicking then you would be having this kind of bad actions. On the moment that you do find yourself
having that kind of impulsive emotions or approach on things then this is where shit things do happen. This is why it would be better that you should hold your position.
If you don't have any other back up plans then it's really something that will affect you once the market bounce back, though there are traders who can work and play well with the fluctuation but not everyone is good on it, most of the time those who neglects their actions are the one who regret and really getting frustrated when the market bounce back strongly.
You need to work with your knowledge and decide when you already done doing your research, it's not advisable to quickly react as it will lead you losing your investment.
I agree. Research is really important here, but not everybody is good at fluctuating market, it's for people who understand the risks and can twist them, changing it into a prize for their confidence and knowledge. That's my opinion.
I don’t think I will be tempted to sell again until we hit $85K or I go broke. In both cases it isn’t a certainty but that’s when the temptation would creep in. I guess my job is to make sure that I don’t go broke and when Bitcoin hits $85K to remember that my goal is to be free, not rich.
You are right, BTC from 85 to $100k would be a good time to be tempted for sure
For me - as well.then it would really be common sense that you would really be securing your profits no matter what. It would really be none others business if you would really be trying out to make yourself on having those selling points. The key on here is that you do really know on what you are doing. Speaking about selling out and getting tempted on the moment that the market would really be having some crash?
This is something that will really be just that common because on the time that you do find yourself panicking then you would be having this kind of bad actions. On the moment that you do find yourself
having that kind of impulsive emotions or approach on things then this is where shit things do happen. This is why it would be better that you should hold your position.
If you don't have any other back up plans then it's really something that will affect you once the market bounce back, though there are traders who can work and play well with the fluctuation but not everyone is good on it, most of the time those who neglects their actions are the one who regret and really getting frustrated when the market bounce back strongly.
You need to work with your knowledge and decide when you already done doing your research, it's not advisable to quickly react as it will lead you losing your investment.
I don’t think I will be tempted to sell again until we hit $85K or I go broke. In both cases it isn’t a certainty but that’s when the temptation would creep in. I guess my job is to make sure that I don’t go broke and when Bitcoin hits $85K to remember that my goal is to be free, not rich.
You are right, BTC from 85 to $100k would be a good time to be tempted for sure
For me - as well.then it would really be common sense that you would really be securing your profits no matter what. It would really be none others business if you would really be trying out to make yourself on having those selling points. The key on here is that you do really know on what you are doing. Speaking about selling out and getting tempted on the moment that the market would really be having some crash?
This is something that will really be just that common because on the time that you do find yourself panicking then you would be having this kind of bad actions. On the moment that you do find yourself
having that kind of impulsive emotions or approach on things then this is where shit things do happen. This is why it would be better that you should hold your position.
Sticking to a plan would be a solution - even if the waves come and the ocean moves, it's going to become calm once again.
having those kind of stir up mind and on which it would be causing to make yourself that being highly reactive on which it could cause into those sudden decisions to be made and the worst that there are
those analysis that you are really that applying into it. This is why self moderation and control towards your actions will really be that recommended specially on dealing up with a volatile space.
Sticking into our plan is really that recommended but on the moment that you've seen that conditions becomes worst then you would really be always having that plan B or even C or further.
Just like on others been saying above that there would really be those moments or conditions that you would be panicking and would be selling out just because you do avoid
on further loses on which havent that been able to realize that it is really just that a paper loss and its not something completely realized. As long you are holding then
chances or tendency of recovery is there. We cant really just that a dumping market forever.
I don’t think I will be tempted to sell again until we hit $85K or I go broke. In both cases it isn’t a certainty but that’s when the temptation would creep in. I guess my job is to make sure that I don’t go broke and when Bitcoin hits $85K to remember that my goal is to be free, not rich.
You are right, BTC from 85 to $100k would be a good time to be tempted for sure
For me - as well.then it would really be common sense that you would really be securing your profits no matter what. It would really be none others business if you would really be trying out to make yourself on having those selling points. The key on here is that you do really know on what you are doing. Speaking about selling out and getting tempted on the moment that the market would really be having some crash?
This is something that will really be just that common because on the time that you do find yourself panicking then you would be having this kind of bad actions. On the moment that you do find yourself
having that kind of impulsive emotions or approach on things then this is where shit things do happen. This is why it would be better that you should hold your position.
Sticking to a plan would be a solution - even if the waves come and the ocean moves, it's going to become calm once again.
I don’t think I will be tempted to sell again until we hit $85K or I go broke. In both cases it isn’t a certainty but that’s when the temptation would creep in. I guess my job is to make sure that I don’t go broke and when Bitcoin hits $85K to remember that my goal is to be free, not rich.
You are right, BTC from 85 to $100k would be a good time to be tempted for sure
For me - as well.then it would really be common sense that you would really be securing your profits no matter what. It would really be none others business if you would really be trying out to make yourself on having those selling points. The key on here is that you do really know on what you are doing. Speaking about selling out and getting tempted on the moment that the market would really be having some crash?
This is something that will really be just that common because on the time that you do find yourself panicking then you would be having this kind of bad actions. On the moment that you do find yourself
having that kind of impulsive emotions or approach on things then this is where shit things do happen. This is why it would be better that you should hold your position.
Bitcoin is volatile, Bitcoin's nature is to fluctuate. If it drops now there is no need to worry, because it will definitely pump. Bitcoin has been doing this since its inception, every time it goes down it goes back up, and this is the biggest folly of all those who panic sell when the price drops. And those fools have to first set their goals, they have to make the final decision that no matter how low the price goes, they just have to buy and hold. Can't even think about selling, they just have to buy, and for that they absolutely need DCA. DCA is the best method to invest and hold for long term. and you need to invest money that you can keep for a long time. Whatever the price, if the price is too high, you should buy, and if the price is too low, you will be attracted to buy more. Only then you can get something good.
When it drops it needs to recover first before it pumps up. A recovery is still a good thing though and this can still make someone feel happy and relieved. At first, I think Bitcoin's nature was only decentralized because there are only less people involved in Bitcoin back in time, so its price have only merely moving. Time flies so fast and there are now lots of changes that happened in Bitcoin. There are now lots of centralized services around. I think this is the reason on why people like you can say that the nature of Bitcoin is mainly to fluctuate and the decentralization feature is not really that highlighted anymore.Those who panic sell might also have their own goals but some of it may not be right, so they only need to correct them because those are the ones who can improve their lives. I know they want this too. Not all have the budget to keep on buying even if the price is dropping but them keeps on holding what they already have is already a big and good thing to do. DCA is popular now and that is not possible if only less people are doing it but for those less people who don't do it, they think that buying at the dip is still the best buying method.
I don’t think I will be tempted to sell again until we hit $85K or I go broke. In both cases it isn’t a certainty but that’s when the temptation would creep in. I guess my job is to make sure that I don’t go broke and when Bitcoin hits $85K to remember that my goal is to be free, not rich.
You are right, BTC from 85 to $100k would be a good time to be tempted for sure
For me - as well. 
I don’t think I will be tempted to sell again until we hit $85K or I go broke. In both cases it isn’t a certainty but that’s when the temptation would creep in. I guess my job is to make sure that I don’t go broke and when Bitcoin hits $85K to remember that my goal is to be free, not rich.
Personally, in times of falling prices like the recent if anything I am tempted to buy more, not sell. And even more thinking that we are at the gates of a bull market. I guess that's why I have done well with investments in general, because I don't get carried away by emotions in the short term, like a typical novice retail investor who ends up getting fleeced.
The recent fall was one that left me with some regrets as I didn’t manage to buy (regret might be the world I don’t hope to use here but, it filled me). I had to watch the market dump all the way but eventually, had some really pressing need that required funding at the time. How else do you see Bitcoin dump to $51k and you not buy. Once this dump was about the $50k up, it didn’t take long for price to rally right back up to $56k - $60k.Just another proof that panic selling does no good to the persons that uses this approach to their investment.
I hold every coins I can despite the downfalls in Bitcoin price. I just don't hold more because I have expenses which can't be ignored right now, so I have to be responsible. I can't keep all my satoshis intact right now, otherwise a crash may happen again and then I won't be able to pay my expenses. Anyway, I'm pretty confident Bitcoin will reach a new ATH by the end of 2024, so for those who can give themselves the luxury of holding all their coins, I think it's a good idea, because the reward for the patient ones must be gathered soon.
For those who are stressed and anxious I would recommend that they sell their coins if the current situation is being detrimental to their health. Health first in every cases...
For those who are stressed and anxious I would recommend that they sell their coins if the current situation is being detrimental to their health. Health first in every cases...
But if it is a short-term investment and that stop loss is in our original plan, we need to stick to the plan otherwise we may face larger losses.
For investments we should not put a stop loss, otherwise, it is obvious at that market will come down to eat our stops and then move up again without us
Recently, we have seen how bitcoin came below 49K and then moved back up to 60K. Millions of stop losses would have been hunted.
Yes, you can put stop losses in short term trades but you should have something or large investment portfolio so you do not miss the big rally. Remember that trading with stop losses may earn you kitchen money but you can become a millionaire only by long term investments.
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?
The potential for assets to deplete is very small if they are making Bitcoin investments for the long term. On average, experienced investors will let their assets sit in their wallets and will continue to add when market conditions are in a situation like you are referring to.
Yes, there are types of traders who continue to keep their Bitcoin assets and allow those other crypto to let go, they just want to keep bitcoin and not to lose the opportunity to earn if they just add more patience on it, trading is more likely a competitions between knowledge and trust against trying to outsmart the market but most of the time the market is the one that shaking holders and make them react with the fluctuations that happened insdie.
And usually traders like that can also be considered investors because they have been able to run two professions at once even though they only keep Bitcoin and consider it as their own future investment. But for other coins, they will only be used to get short-term profits which instead can be their own daily income while in the market. But sometimes there are also many traders who lose due to fluctuations that occur internally in the market because it can also cause the wrong reaction from themselves. 
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?
I don't plan to sell, but i know that there are people that have different plans and if think they cannot handle the drop and they have to either sell or move to USDT for the meantime, then by all means they should do so, but i personally would not do that. I have seen this drops happen quite a lot of times over the years to be worried about it. Instead of worrying, i try to accumulate more, but i am not stupid not to know that some people cannot handle drops like this, either because they are newbies or they bought with money they cannot leave in the network for a long time, so they should do what they think is best for them.
However, if you are just selling because you are afraid to lose more, then think a lot of times, you will certainly lose if you decide to sell during a market crash. Hodling should be the best option, but for sure not all investors are patient enough to hold more when they see their investments are continuously declining in price.
No, but I am tempted to buy. Especially at such low prices. I am hoping on 55K but even now, I consider Bitcoin a good long term investment at any price.
If we look at the one week chart of CoinmarketCap there is a sharp drop in Bitcoin price but it has rebounded again. If after holding Bitcoin for a long period of time you can't control yourself in a temporary price fall and sell Bitcoin at that time then it is definitely an act of foolishness'. In this case there is no point in holding for long unless you can reach your goal. Bitcoin is known to be highly volatile. If one does not know how to control himself at that time then he will surely lose. Bitcoin went below $49000 on August 5 when many investors couldn't contain their emotions and sold Bitcoin at that price to cut their losses. But the experience have extended their buying arms during that time. Those who sold lost and those who bought profited.
However, not all of holders or users have the strong mentality to see their asset moved down. The panic sell happens when people fear their asset will drop. They try to avoid risk by dumping it and waiting to buy at a lower price.
As long as, many institutions still hold Bitcoin. I think it will't drop sharply, like when COVID hit a few years ago.
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