Topic: Are you tempted to sell? - page 7. (Read 3470 times)

I know, we should really have another source of income and not really depend on crypto trading or anything related to it. However, it's really hard to make a lot of money or have sources of income if your capital is only limited. And so I would tend to believed that majority here are really focus on their crypto journey as their main source. So you can't blame them if they succumb to selling because they needed some money for emergencies. And then continue to grow their holdings as time goes along. Maybe after they withdraw, then they go back and continue to accumulate and uses DCA again as they know it's a effective method. I salute those who don't have any source but crypto and then continue to save a lot. I know someone, that in the last 7 years, was able to buy a decent house and he says that his next target is a car and everything relates to his income on crypto, be investing or trading here.

What do you mean by fatal analysis?

And it is wrong for a beginner to start selling Bitcoin when he has not accumulated enough Bitcoin. The rule of selling when one is investing is only when an investor has reached the time of sustainable withdrawal.

At the beginning stage what should be more focused on should be accumulating enough. Selling is a beginner is considered to be trading and not investing. So the term should not be interchange for the other. Because no investor would start selling their Bitcoin at the beginning stage or after a few profits.

It's very good if we have more than one source of income, setting aside profits from your other sources of income, in my opinion this is a fairly efficient way for us to increase our assets much more. Bitcoin is not only potential but
It has a very, very expensive intrinsic value every time it can be broken down by mining and its supply is fixed and will never increase.

Don't say there is no temptation, everyone's situation can sometimes change very quickly. even though you currently have no temptation to sell your Bitcoin, you certainly have your investment target. I don't believe you only collect Bitcoin with the DCA you do without having a target for the growth of your Bitcoin value.

Sometimes the decline in conditions does make people sell assets temporarily and come back when the price is good enough to start planning again. some use such a strategy, but I'm sure they don't hold for the long term. The DCA you do must be balanced with patience and experience to stay calm while holding Bitcoin while continuing to collect.

As long as Bitcoin investment is concern am never in any rush to sell my Bitcoin hodling, Bitcoin is a potential asset that we need never to sell now because of the future.

There is no temptation that will come my way that will make me to sell out my Bitcoin hodling because I have other source of income apart from Bitcoin investment that generates income for me, besides am still accumulating more Bitcoin weekly with my DCA strategy irrespective of the price level of Bitcoin and continue hodling for the future.

Bitcoin should be one of the potential coin or asset to have at this particular point in time because you will never regret having Bitcoin now in the future.

I’m not tempted to sell my coins, mostly because there’s nothing I would want to buy with the money I’d receive. Maybe when the economy figures out if we’re headed into a depression or not and asset prices come back down to reality it will be more tempting. With inflation being a concern now (we do not want to repeat the second inflation wave like the 70s) I think Bitcoin is the asset to own at this point in time.

Yeah, it's stressful and challenging as you need to anticipate there's always a big risk behind compared with long and medium types of trading,  short terms needs to eat a lot of your time, though there are traders who can manage to make decent money but their focus is only for this business unlike if you choose to take the long road, you still have those other alternatives to make money while waiting for your investment to be harvested,  and most of the time, when dealing with short term trades, there's a big chance that you'll make wrong decisions that you can't changed.

Yes, sometimes it is difficult, especially when doing short-term trading or trading that is 1 minute, because even if you don't want to, you have to be aware, we have Instant results, while long-term trading, or medium-term is what makes us do things better because there is more copacity of reaction, I have been seeing how my reactions can be and well sometimes economies make one think badly and execute some operations that should not be done, therefore when this type of thing exists, you have to stop completely and assimilate if you lost, I think that short-term trading is more Stressful.

I agree with you. The price of Bitcoin in our portfolio can never be fixed because price fluctuation will affect its value. However, holding more Bitcoin in our portfolio does not guarantee profits when investing. There are other things to be considered and if taken properly will support us in achieving our goals. Firstly the duration of our investment matters. We are more likely to profit more in our long-term investment when we have enough Btcoin in our portfolio. But so that you know we are not immune to losses when we trade or go about our investment wrongly. In one day what we have been accumulating for decades can just wipe out and that is why we ought to be very careful on the decisions we make in the path of our investment.

People should realize this but there are those people who do really focus up too much on short term approach on which on the moment that the price made out some correction or decline  then they would really be having those thoughts that this might be the end of the market which we know that it is really that absurd. Its normal to have those kind of emotions that you will really be that reactive specially if you do see your portfolio is going down, but if you are really that thinking up sensible or wary on how this market works then you wouldnt really be having this kind of action but instead you would really be that making yourself wise on taking up actions or steps on which you could really be able to utilize the current market movement and this is something that you should really be mindful about.

Selling out on peak or price pump? This is recommended specially if you arent that a long time trader or holder/investor. All of these  things will really be that not something necessary for you to do
if you are really that planning to have a long term holding. Actually every actions be made will really be that totally basing or depending on how knowledgeable you are about on how this market
works or behaves. If you do lack that experience and awareness then you are really that susceptible into tons of mistakes and errors.

That’s how Bitcoin always behaves—good luck comes to those who act wisely. The recent drop, whether we call it a decline or correction, is pretty normal after it gets overbought. We're still hopeful for a good market performance in Q4. For now, Bitcoin might keep fluctuating within the current range, but it will definitely rise further if it breaks through 70k.
It’s a good idea to buy before the market cap rebounds again. Bitcoin usually follows this up-and-down cycle, and then it rises.

The more bitcoins an investor can hold, the more profitable they will be at the expected moment. Since Bitcoin is volatile, it can never be fixed. Because of this, if an investor wants to grow his portfolio on a regular basis, it will be very easy to do that. However, as an investment strategy, I would support the long-term strategy. Because Bitcoin may not meet expectations in the short term. But long-term holders of Bitcoins surely reach their goals.

There are some investors who fail to control themselves and sell on small declines like panic. Those investors must do good analysis about the market. It is possible to avoid losses if you invest by good research or analysis rather than getting excited by rumor.

Today the price correction in Bitcoin has also been seen again in the market causing Bitcoin to be at $63K again from over $66K. And this is literally a good opportunity for those who did not have time to buy Bitcoin at $63K before Bitcoin increased to $66K this month. Tomorrow we all will enter a new month and the current price correction can be a good start for the next month because I think this price correction is only temporary. So buying again before seeing more price increases can certainly be a very reasonable option for everyone.

I agree with some parts, that is a fact that has been happening to traders all along. They force themselves to control a situation where they themselves cannot determine where the price will move, so often the decision ends badly and actually makes the situation worse. Overconfidence is never good, although it is sometimes beneficial, but rash decisions often end up not meeting expectations.

Yeah, if you can leave the venue while the market is struggling that's much better for sure, as you won't be affected instead of trying to overrun the situation which most of the time the decision you'll make worsen the situation and you ended up being fomo, losing in a trade is always possible the reason why you need to make sure that you can handle your emotions, that's help in terms of not being quickly to decide but you will manage to analyze nand patiently plans your next step if needed.

Selling bitcoin without strong analysis can be a fatal mistake for beginners who are new to crypto trading. Apart from that, many are trapped by falling prices so they sell bitcoin when the price crashes because in this buying and selling we want to make a profit, not just by selling without more. first study the risks that will occur afterwards.

Everyone can hold their assets without being interested in what other people say, my advice is to focus on your goals by investing wisely in Bitcoin, don't just look at the success of those who have experience making profits, but they have also gone through many trials with very significant declines. bad we can also admit that bitcoin is a place of investment in the future and can give us real profits.

That is why it is not advisable for you to depend on your bitcoin investments as your main source of income, but you also have the job or business that will be able to provide you with your daily necessities. So that your eyes will not be on the bitcoin that you have purchased to hold for a long period of time in order to get a good profit; in other words, you are always encouraged to lose what you can afford to lose; that doesn't mean you will lose what you invested, but you will depend on it, and even if you lose it, it will not be a cause of depression for you. That is why before you even start to invest in bitcoin, you have to learn more about risk management. So that you will never make a wrong choice.

Everyone must have their own way to benefit from Bitcoin, as you do, but if it is related to the needs in my opinion it is relative and does not always have to be related to it, it might be because they prefer to trade, but if reasonable because I think I think This person is in an extraordinary difficulty, because if seen from the principle of investing in a good bitcoin that someone should have money management that has an emergency fund for the needs of an unexpected urgent need.

For me personally this is not the time to sell, Q3 just wants to start and the strength of the bullish is quite strong especially after the CZ was released yesterday, which gave the encouragement of people to buy back Bitcoin even though he was forbidden to manage binance, but it seemed to provide a positive sentiment, the area The price of bitcoin still fluctuates at a distance of $ 60k- $ 66k, and it's natural because we are still early to bullish even higher,  I have not been tempted at all to sell.

Undoubtedly there is that feeling of uncertainty and that is what gives many people anxiety, because they do not know what to do, that is where you have to be patient, sometimes you can entertain yourself with something else, not put too much effort into what you see on the news, sometimes the news makes us do crazy things, I learned not to listen to much news because the news is produced after the moment, never before, so for me the news is simply justifying the events of the market in light of what seems to be the first option that happens in daily life , it is always like that.

Selling your Bitcoin is not a thing of temptation and one should not allow their greed to have the better part of them at any point in time because regardless of what the amount you sold your Bitcoin, Bitcoin will not remain at that spot it either goes up or comes down from the price you sold your Bitcoin, so what is important is that you have to have a need for selling your Bitcoin a d once that need is genuine, you don't have any reason to think twice before you sell your Bitcoin.

I sold some of Bitcoin today when the price of Bitcoin was around $65'000 BTC and a few minutes later I saw Bitcoin making a new price achievements of around 66,500, but I never regret because I sold the Bitcoin because I have need for that and not because I saw the price of Bitcoin going up because that is a usual thing and I am used to the ups and downs of Bitcoin Price each time.