Topic: Are you tempted to sell? - page 7. (Read 2169 times)

Totally! Discipline is key, the waves in the ocean won't break the ship that is steered toward a goal.

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.

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.

That is very, very true and now I think there are also more investors who do things like that with their assets so that they still continue to hold on to them if they have not reached their target sell as they want. And some people who often trade on the exchange also do things like that with Bitcoin so that they will not sell Bitcoin carelessly if it has not reached the price they want in the market so they still prefer to sell other coins and keep Bitcoin as many investors have done at this time.

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.

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.

If we talk about bitcoin buying and selling then it is not so risky than any altcoins because even if bitcoin fall to the 10k$ there is always a big possibility of rising because it is a proven and tested coin unlike any other altcoins, as long as bitcoin has a value it is not so risky because it will pump and dump.

At present BTC remains bullish, its not that tempting at all.   What we do have is hesitation below the 200 day average and this time its not singular its aligned with the 50 day, the monthly and probably other measures of momentum.  That all adds upto a giant neon sign pointing to this patch of land indicating we're at dead center for the action over an extended period of time.

   62k is the number and if you think about it all that makes sense, BTC has gone sideways in effect in sum total for some time now and so naturally all the moving averages have become converged to this point.   I would not have the conclusion after realizing this to jump the gun and presume a negative outcome.   What I do expect is true to nature BTC will be volatile in its movements, if we went sideways at some time it'll break that broken record completely and jump to a new trend.  I dont presume down or a sell is correct.

If you are an experienced investor, you will certainly not carried away by any market crash or price correction but stick to buying more and hodling more.

However, for newbies in the market, aside that they are not used to volatility, their emotions are still uncontrollable that they get easily panic whenever btc price is not doing well. But as time goes by, eventually they'll get used to bitcoin's volatility, and would be aware already on the best thing to do whenever btc price drops dramatically.

Never I can't sell off my holdings after having the knowledge how the market works and it would be a sharp lost for me to just sell due to the current situation right now. The thing I know there's a force that is pushing the market and if you would watch careful it bounces back not too long that is to say it's a bear trap and if you don't know careful you end up losing big time to the market and the whales would just add it up to their holdings. currently what investors should be doing is to accumulate more in their portfolios.

You need to have that kind of mentality, instead of rushing your way and trying to sell with small profits, if you can continue to hold and jsut trust your own research then there's a chance that your profit will be much better if you hit the original target, those long term holders knows that they are risking but becuase of trust about the knowledge they earned, they will not fall into this kind of quick decision making but more  on the positive side, they will keep their assets and will continue to hold till they met the target selling position.

The point is to always consider the profit every time we want to sell it back into the market under any conditions. But if the condition is experiencing a correction and the profit level is very thin, I think waiting for the price to increase again is a more appropriate option than selling immediately for a small profit. Because in terms of crypto investment, which generally chooses Bitcoin, there is a separate profit target for each investor in a certain time period, so the consideration is at the level of profit in addition to the market trend itself.

If it's a long-term investment, we should only sell it when we make a profit. It would be foolish to sell at a loss and think we can buy it back cheaper because the market is unpredictable. Those who believed bitcoin would drop to $40k and cut losses at $50k are probably regretting it now that bitcoin is trading at $60k.
For long-term investors, if we decided not to sell when bitcoin reached above $70k then there is no reason to sell now or below $70k. It's confusing when many people claim to be long-term investors but have the mindset and thinking of a short-term speculator.

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.

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.

It obviously isn't a good idea to sell right now only to buy again later but you can't make such people understand or calm down. Those who panic when they see the market going down will always have a hard time holding onto their assets because they believe the market is going to plunge more every time it drops and they believe they can do better if they sell at a loss right now and buy again when the market reaches the bottom, someone should ask them, how would you know when it's the bottom?

You can't know when is the right time to buy back, so selling is foolish. What if the market starts going up, does up only 5% but you buy immediately and then it starts falling again? The market is extremely unpredictable and it is better if an investor keeps holding if they had bought their assets at a good price previously.

Its quite ironic now that we are positive on the weekly average.   BTC seemingly is stronger in momentum then it was a week ago despite the sell off its recovered all the apparent losses.   Im still thinking more volume is required in this patch up to really hold strong but Im told by more the experienced traders that volume isnt always what matters especially in the shorter term time frames.  I do think we take more time to really resolve higher but the volume could come later also.

Positive above the 2 day average and 8 but price rose upto the 50 day average and declined to advanced. Its also quite notable that the 200 day average lies in nearly exactly the same place now, we're at that cross roads.   I only judge it as momentum but to some its a determiner of direction for the rest of the year.   I believe we remain range bound between 70k and 50k and because we repeated it so often I dont want to bet against that continuing.   

This is the exact reason why people should not be investing in bitcoin if they can't handle risk management, because clearly they won't be profitable with their own investments but will certainly lose in the end.Weak hands should not be investing in bitcoin, and the more they become slave of their emotions, the bigger the chances they will consistently lose with their investment. I just hope selling wouldn't be their last option but hodling.

I wonder which strategy is being deployed by this user while accumulating because he sounds regretful on why he had bought earlier than he did which is just what we get to see in the market as long it still retains it's volatile nature. We can purchase right now at $57k and in the next 7 hours the price might drop down to $50k and I believe no questions should be asked why buy too early. This is why the DCA is better, one might get lucky purchasing at the moment the price drops below the usual and if not then keep holding, definitely get to see a bull season.

Its never been easy and you would really be having that kind of itchy feeling on the time that you would really be that seeing your portfolio is really that on huge negative or keeps on going down and down on which
the primary thing that would come up into your mind is on how you would really be that making yourself that be able to stop those loses? For sure your main priority is to cut loses and would be buying back into the bottom on which it is really that looked or sound a viable solution? No its not and you are really just that making the situation gets more worst. Profit is really that highly be affected on the time that you do make up CL.
It would really be rather better that you should have made out some DCA on the time that the market would really be crashing. Temptations on cutting loses is really that normal since we are just humans and we are emotional being but doesnt mean that you would really be not be able to control it out.

This is why you could really be able to tell for sometime that having that experience would really be something a measure on how a certain individual would really be reacting with these kind of
normal market conditions and the reactions that they are making. If you do found yourself having those issuse then you are really that prone into those bad actions or decisions to be made on.

It is not easy for someone to see themselves losing money in the crypto industry and not be tempted to sell. However, it due to proper knowledge that makes some many experienced investors to believe the market will surely recover. Otherwise, many people would have sold their coins during the recent dip in the market, where the price significantly fell within just a few hours. This caused many investors to panic, as many have not experienced this kind of price dip in such a short time before. In fact, some have sold and are now regretting it, thinking there would be a further dip so they could buy later.


Lack of proper knowledge of Bitcoin can easily cause investors to take wrong decisions. Some investors have already taken the decision and it has been a regret for them now because to buy back it will not be easy them again. but for those with proper knowledge, I believe they will never think of taking that kind of decision of converting their Bitcoin to usdt and trying to buy later because they are aware that Bitcoin is something nobody can actually predict and the price can change at any time, and once you know that the price can always change at any time, why would someone panic and think of selling?