Topic: Are you tempted to sell? - page 7. (Read 1878 times)

If you really understand what bitcoin investment is all about, then you shouldn’t be disturbed by the current dump in the market as long as you are holding it for a long time. We should know a dump is normal in the market, and when we see a bear, then we should take advantage and accumulate more coin, and not to panic and sell at a loss. Anyone who has been in the market for some time should understand this and shouldn’t even think of selling when there is a dip. The only people that I know who are supposed to panic are those who are just joining the crypto space, and they haven’t experienced something like this before.

Immediately, some of them decide to sell, bitcoin might change its movement and start to bounce back, which they have already sold low. Most of them will start buying when the price has already gone up, which is not really a smart move. When there is a dip, we are not supposed to panic, just make use of the opportunity and accumulate more bitcoin.

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.

You have rightly said, it is very important taken advantage of various situations where and when necessary perhaps not taking any drastic or hesitant decision will be better, it shouldn't be a wrong choice for you adding more to your bag which is meant to be the goal considering the fact that the higher the size of your holding along side with how long you were able to hold determine how much of the profit you will become of. Note it is normal to be tempted to sell but there is always a victory when a temptation is overcome, everything boils down to how much of personal conviction we have towards our asset.

While others are panicking thinking to sell to cut their losses, wise investors keep taking advantage through buying while the price has dropped drastically, and I do believe this is a very smart idea knowing the fact that bitcoin will eventually grow its value after some time.

Buying bitcoin and selling in times like this will always put us at a loss, except for emergency instances. But it's actually useless investing in bitcoin and selling at an even lower position, that indeed a waste of time and money.

Everyone would really be that changing on which of course it would really be that depending into someones realization on which not all would really be having that kind of approach on things but rather they do really go into that opposite path. Tempted to sell when the market is really that  going down or having some crash? Who would really be the ones on their right minds on doing that? Why they havent been able to consider on doing so when the market is really that going upward on which it would be understandable?. As for those kind of impulsive feelings or emotions then it would really be just that normal on having those kind of feeling because we are just that humans and we do hate up on losing money so it would really be understandable that you would really be having those kind of temptation to sell.

If you do sell out then you would really be losing totally not in compared on the time that you do hold up your position and also even having that kind of consideration on making some DCA.
Each person though does have their own different decisions when it comes into this kind of decision and only to those who are new into this market are the ones who do make out decisions
about having that kind of cutting loses as if this market wont really be making some recovery afterwards. It is really just that a mistake that you would really be making
on the time that you would be making out such decision.

I do agree that many options are available and I agree that we are going to change as a person when we grow older and that means we are going to change as an investor as well. If everything about us is changing, it's unfair to expect our trading ability or desires to stay the same, we could be one way at first but grow to be another way eventually. Like during my 20's I was more encouraged to take bigger risks, with naivete of the youth, and the ability to recover from bad debts because I am young, I took more risks, did more leverage, and basically traded like crazy.

Now that I am much older, I end up with just long term holding, it allows me to have easier navigation in life because I do not worry about big drops or zeros or huge returns, I know that I will get richer eventually and any drops in the market like we see these days do not matter to me, because in a year I know that everyone will forget about this, and nobody will be even as simple as still talking about it. We talk about entire years, like 2021 was good and 2022 was bad, but nobody talks what happened in 2021 April or 2022 march, there were big ups and big downs then, but people talk about just the dates instead.

That volatility inside the market is something that traders are really taking advantage so they can position and get the best out from their investment, the concept of buying and holding either long or short there are different kinds of setup that depends from how good and deep the understanding that they've got from this business.

It's tough to keep monitoring the movements especially when the direction is not favoring your position, and for sure there are times that even experienced traders thinks about selling and unloading their baskets.

It could be but the questions could be address to those newbies in the market, as one of time during our journey in Bitcoin, we might feel nervous as we really don't know what is going on in the market, except that it keeps going down and the best thing do to that time is to sell.

Nevertheless, as we mature enough, we might have different approach, we could be (a), don't really care about the price movement as we seldom check the price, or (b), very happy to see the price going down and then buy more and continue to accumulate and DCA, or worst (c) we wanted to do something and buy but we don't have the capital, in short, wrong timing for the market to dip.

All traders and investors do have two mature plans in seeking profit through Bitcoin, because when the initial plan has gone very well when buying Bitcoin at a price they like, of course the next plan is to set a selling price with the profit target they want and that will of course vary greatly from person to person. Although investors also often take advantage of the moment of price drops to buy again even though what they previously bought has not been sold because it has not reached the price level they want.

If there are other urgent needs, maybe we have no other choice, regardless, but I think now there are no more investors or traders who sell because of panic because the market movement up and down is a common thing, so there is no reason to panic.
And about selling, I think we all have a plan from the start and if we haven't met it, I don't think we should sell for any reason.

When market conditions are declining, of course, it is not the right choice to sell, even though we do not suffer losses if we choose to sell it, but on the other hand, if we really need funds and do not have a way to get it, then we can choose to sell some of the assets we have and continue to survive until we reach the target we want from the plan that we have made before starting to invest.
You are right that currently it will be very good for investors to buy it and stick with the assets they have collected and if indeed someone has funds that can be used to increase their assets of course now is very good to be able to make a profit in the future.

Selling now is like wasting the coins because this kind of drop in price is something that happens often and those that have been in bitcoin for long can confirm that. The worst thing any investor can do is to yield to the temptation of selling in such situation even though he might have bought at lower prices and in good profits even with the drop in price. Furthermore, we are in a time where there are several positive indices lined up to support bullish move for bitcoin so now is what I see as a time to buy more or HODL rather than to think about selling.

Actually the opposite is more true, Im afraid not to buy.   Ideally I want the low price when buying but the big mistake is waiting too long and this could be one of those times.   Wall of worry they call it where the price while fear is apparent BTC is secretly far more bullish then people believe at the time .

Aug 5th is some distance about 6k, not massive but I'm guessing for now we are possible in journeying back to that point.  It might be a winding road or it could be a fall but I doubt its quite the same sharp push downwards.   Alot matters here, if we find this sub 58k area (78.6% Fib level of old ATH) as some resistance & some ceiling to movements then a revisit of 50k area is fair to occur.   If we beat this level then it might never be this negative again like ever, imagine not buying then and wasting time on this sell question;  it can be quite opposite.

Day traders Future traders are the ones who are more affected by this unexpected bitcoin price drop, as they were not expecting it to happen. Most of them will sell out of panic because the plan was never to hold for a long period of time, but those who are buying to hold for a long period of time will not be tempted to sell any single unit of their holding during this period. In fact, that might even be taken the other way around, buying more instead of selling what they have at a cheap price.

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.

Of course, for those who are not used to price drops like this, they must panic, especially with a 12% drop in 24 hours plus a stock market crash, of course panic is inevitable. However, for long-term investors, a drop like this does not worry them, instead they take advantage of the moment of a drop like this to buy again because for them when the price of bitcoin drops like this for investors it is a discount price.

I myself am not panicking, it's just that I also take advantage of this drop to take a little profit, like the other day selling when the price was $68k and buying again when the price was $ 50k. The rest I still use the dca method because this kind of decline is common, I am sure bitcoin will go up again. So far when I hold bitcoin for the long term it feels safe compared to holding altcoins for the long term.

If you are noob into this market then you would definitely freak out but if you are someone whose been into this market for years then it would really be already a normal stuff that it is really that happening. Adjustments should really be made on the moment that it do happens. Instead on making yourself that freaking out on such condition, it would really be just that wise that you should really be making up some DCA and never ever tend to make that cut-loses action because it would really be just that making the situation even more worst. This is why you should really be that sensible on the actions that you would really be gonna doing because on the time that you do find yourself being too impulsive then it is really that prone to tons of mistakes.

This is why its really that important on such situation that you should really be having that kind of control into your emotion because this is usually the culprit on why people
do commit out that panic selling on the time that they are already thinking that the market would become zero. LOL!

The retracement happening as called by OP isn't something new to the Bitcoin market, it has happened before and should not have to be a problem or get to influence anyone into selling even parts out of their portfolio except for those who did not come to hold because every holder before investing will first acknowledge the historical existence of Bitcoin which has similar retracement like this or even worst.

Best how you distinguish "trader" from "investor" who supposingly should panic, every investor is entitled to hold but traders are liable to sell (optional) because they most drive for short term signals to earn profits while investors are aiming for the long run.

Pretty sure this has been a usual thing since, like, forever? Like a 12% drop isn't anything new or rare, the market has always dropped and pumped like that every so often. It's just that volatile in nature. Also if you've bought it at a higher price, I don't see any reason why you should sell. That's just you accepting a loss when you can still wait. If you can't afford to wait, then why would you invest in the first place? Always invest money you can afford to not spend, to let it sit there and grow.

Also I'd consider buying even! Can't buy now due to some other expenses but I did buy during the last similar dump we had like a month ago.

That trust towards bitcoin is something that we will definitely benefit from, you have to have that and you could see that doing very well if you keep trusting because results will show that you are right to trust it as well. I know that it is not a simple situation and I know that it takes time, but we need to make sure that we can deal with that as much as we possibly could.

I believe that we are going to face some issues with some time, that is why trusting it is something that will actually be very profitable, that is what we are going to see. I know that it is not going to be easy but we are going to face that eventually so we are going to definitely end up with a good result, just keep on trusting and volatility will make you richer.