Topic: Are you tempted to sell? - page 7. (Read 2537 times)

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.

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.

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.
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 have to hold on. You should focus on buying more when the market goes down. Because the market will not always be down, the market will definitely go up, but then you have to move towards investing during the dump so that you get good profit. And always invest using DCA, because DCA is the best investment strategy. Investing in DCA gives you an average value of your investment, which increases the profit margin after long time holding.

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 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 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.

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.

Easy to say but when you are already on such condition that you are been that experiencing tons of failures and loses then it will really be just that a normal approach that you would really be that
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.

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.

Well we do have our own selling points or targets on which it would really be just that normal that you would really be selling out into those points specially if you had bought up yourself into the lower price
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.

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.