Are you tempted to sell? - page 9. | Bitcointalksearch.org

betswift

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Quote from: OgNasty on August 12, 2024, 02:36:17 PM

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 Grin

For me - as well.

OgNasty

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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.

Justbillywitt

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Quote from: Mr.right85 on August 12, 2024, 06:19:04 AM

Quote from: Poker Player on August 10, 2024, 01:19:22 AM

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.

That's what procastination does, it also one of the reason why waiting for more dip to buy more bitcoin is not usually encouraged, because one might end up missing out on buying bitcoin. That's why buying bitcoin now has always been the best thing to do. Believe me if you had bought bitcoin at that time you saw it when the market was dumping, you would have made some profit when it got back up to $60k. Another thing to do to avoid something like this from happening in the future, is by making provision for emergency funds. If you had emergency funds in place, it is from there that you would have taken money and solve the pressing need that came up. You wouldn't have missed out buying the bitcoin.

uneng

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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...

virasog

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Quote from: Marvell1 on August 10, 2024, 03:34:24 AM

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 Sad

Recently, we have seen how bitcoin came below 49K and then moved back up to 60K. Millions of stop losses would have been hunted. Shocked

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.

yudi09

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Quote from: Moreno233 on August 05, 2024, 05:10:49 AM

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 think it’s the right thing to do. Investors who are considering selling to avoid depletion of their assets are not experienced investors. They are investors who are new to the Bitcoin investment world.
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.

bestcoins1

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Quote from: Fredomago on August 11, 2024, 10:41:32 AM

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.

mirakal

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Quote from: Coyster on August 07, 2024, 05:14:25 PM

Quote from: Moreno233 on August 05, 2024, 05:10:49 AM

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.

Selling at a loss has always been a wrong move. No good investor will try to sell at a lower position compared to the price he first bought it. But there are also unpredictable circumstances that suddenly occur without us knowing, and if selling will be the best option, then you are still selling for a good cause.

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.

goldkingcoiner

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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.

asriloni

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Quote from: Rabata on August 11, 2024, 12:32:25 AM

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.

It's always like that. The big players need to liquidate people who short or long. Also, the price movement of Bitcoin is totally following the US market and the news related to BTC. Bitcoin drops are common. But, we need not worry. Many institutions hold bitcoin, too.

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.

betswift

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Quote from: Mr.right85 on August 12, 2024, 06:19:04 AM

Quote from: Poker Player on August 10, 2024, 01:19:22 AM

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.

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

Mr.right85

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Quote from: Poker Player on August 10, 2024, 01:19:22 AM

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.

Fredomago

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Quote from: bestcoins1 on August 11, 2024, 05:31:34 AM

Quote from: Fredomago on August 10, 2024, 06:23:52 AM

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.

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.

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.

bestcoins1

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Quote from: Fredomago on August 10, 2024, 06:23:52 AM

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.

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.

Ricardo11

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Quote from: Rabata on August 11, 2024, 12:32:25 AM

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.

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.

Rabata

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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.

rhodelmabanal

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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.

STT

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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.

Distinctin

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Quote from: Poker Player on August 10, 2024, 01:19:22 AM

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.

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.

SmartGold01

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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.

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