Best way to sell in 2021 — to buy more on the bear

Silberman

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Quote from: fullhdpixel on February 08, 2021, 12:01:02 PM

Quote from: Yamifoud on February 08, 2021, 12:36:03 AM

Actually, you sell your Bitcoin now but talking about buying back at $15-16k, you will gonna wait for that long as I can imagine.
Tried to see the market chart, there is no such a huge possibility that we drop into that price after this. Might chances that it drops at $30k which is still a good price to buy, we are heading to $50k and a chance as well to double your money.
I just giving you some insights, yet can be wrong or right but of course, you need to think about it because of making decisions. I'll be giving you some time to think about it.

There are many people who sell to wait for a big crash and buy later on, not that they are wrong or right but that is just a strategy. The only time they could ever be wrong is if the price never goes below that price, if someone sold at 20k that was smart in 2017, but if they waited for price to be 2k before they buy, they would have to wait a lot, it never became 2k again and that would mean they would never buy again and that is bad, you should put a realistic target.

It means as long as bitcoin price reaches 15k just once, that means they are fine, there is no problem with that and that is a good strategy, even if it goes up before that happens, as long as it drops and you can buy it is a good strategy. Of course it is not going to be that easy, we may never see 15k and in that case people who sold here and waited too long may end up with not a good profit in the long run.

Which is precisely why you need to have a reentry strategy, sometimes we're going to make mistakes because it is impossible to predict what the market is going to do all the time, and there is nothing wrong with that, but we must have a plan about what to do when we make a wrong prediction, many people let the price to get too far away from them and then they never get back in the market and they let so many profits over the table that they become bitter about it and you do not want to be the person that happens to go through that.

sana54210

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Quote from: bitgov on February 09, 2021, 12:08:00 AM

Throughout my post, I have tried to write only in the form of advice. I don't know where I crossed this line, but if it did, I apologize. Of course I have respect that everyone should decide for themselves - especially when it comes to money, because unfortunately it is finances that are the main goal of scammers. So we should be very carefull even witth advices.

I hope that someone liked my words (especially the person who created this thread) and decided to not selling.

I still stand by my opinion and believe that this train is not going to stop for a long time. Make yourself comfortable in your chairs and watch the green chart

Don't worry mate, this is the speculation part of the bitcointalk, you should do whatever speculation you want, say it will go up, say it will go down, say it will be 100 dollars per bitcoin, say bitcoin will be 1 biliion dollars, nobody can say you are right or wrong, or in fact they can say that you are right or wrong but more true part is nobody can stop you or tell you that you should stop neither, you can go on saying whatever you want without getting shut up.

Speculation is literally giving advice about what to do and that is what we are doing. I think bitcoin is going to 100k+ and I say this loudly and clearly and I believe it is true, if I am wrong then I am wrong and that is fine as well, I do not care. If you just keep forgetting that you are in crypto speculation, you are going to act like you should not speak up and that is not something nice, you should never stop talking because others warned you.

bitgov

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Quote from: lepbagong on February 07, 2021, 05:37:22 AM

Quote from: bitgov on February 03, 2021, 07:47:32 AM

Everyone has the right to decide what to do with their money and how to invest it, but the thought of selling now is a bit strange - at least to me. In my opinion the market looks very bullish and I don't expect it to drop below $30k in the near future. On the contrary, in my opinion, in the next few days I expect a new ATH and further increases. I wish your plan would be successful, but in my opinion the train is just leaving and it is not travel down the chart..

things that must be appreciated from you, we all will certainly have our own perceptions in taking the next step, we only need to give advice that we may know, but now it all depends on them whether they want to save or sell. because of course we cannot know someone's needs with the naked eye, maybe he is more concerned with those needs, so he decides to sell them not the other way around.

even though we know, like you said, that the journey is still far away and is starting to undergo and it is certain that there will be a sharper increase and will form renewable ATH. once again let people decide for themselves and we can only give advice because we will not be able to guess their hearts.

Throughout my post, I have tried to write only in the form of advice. I don't know where I crossed this line, but if it did, I apologize. Of course I have respect that everyone should decide for themselves - especially when it comes to money, because unfortunately it is finances that are the main goal of scammers. So we should be very carefull even witth advices.

I hope that someone liked my words (especially the person who created this thread) and decided to not selling.

I still stand by my opinion and believe that this train is not going to stop for a long time. Make yourself comfortable in your chairs and watch the green chart

STT

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What if all the bears are in hibernation and we got no BTC to grab, explains the rapid change in price no doubt. Bit of a BTC surge here because of that effect, I dont see it has to be all bought today when we got a long road ahead anyhow but market doesn't stay rational like that and we'll swing either side while market tries to balance sellers and buyers once again.

Fast basic trend, see how it goes if it trade below this line. Above 12hr and 2 day average easily at this point, initial price on news was wavering about the 2 day which is bullish momentum anyway

MCobian

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In my opinion, seeing the extraordinary performance of Bitcoin this year, I suggest not selling our Bitcoin first. Because I still believe in my target
that Bitcoin this year could hit a price of $ 100k, so Bitcoin holding is the thing to do right now. And if the opening post wants to buy more Bitcoin
at $ 15k- $ 16k, like its impossible this year. Because the fundamentals of Bitcoin this year are very strong, even when there was a correction
a few weeks ago, Bitcoin doesn't drop below $ 29k.

Cherylstar86

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Quote from: arufox on February 08, 2021, 01:41:30 PM

Quote from: lichig on January 19, 2021, 04:19:46 PM

Hello there,

I'm considering cashing some BTC to fiat to buy more BTC after the bull (I'm targeting to buy again at USD 15~16k).
What it is the best way in your opinion to cash Bitcoins in 2021?

Thank you!

Do you believe that the price can dump until 15-16K? I think bitcoin is strong now, and after a big correction like in 2017, I think 15K is too dip and hard going into this price. I don't have good experience to analyze the price, so I will buy gradually after a big correction

I am looking forward to see bigger corrections sooner, but the situation of the btc market hasn't saturated. Upcoming pumps is possible to happen, as I've seen the trend lately. Many speculations came now and as they said resistance has been broken which could cause rapid increase and people might ride in this another waves as well.

KTChampions

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Quote from: fullhdpixel on February 08, 2021, 12:01:02 PM

There are many people who sell to wait for a big crash and buy later on, not that they are wrong or right but that is just a strategy. The only time they could ever be wrong is if the price never goes below that price, if someone sold at 20k that was smart in 2017, but if they waited for price to be 2k before they buy, they would have to wait a lot, it never became 2k again and that would mean they would never buy again and that is bad, you should put a realistic target.

It means as long as bitcoin price reaches 15k just once, that means they are fine, there is no problem with that and that is a good strategy, even if it goes up before that happens, as long as it drops and you can buy it is a good strategy. Of course it is not going to be that easy, we may never see 15k and in that case people who sold here and waited too long may end up with not a good profit in the long run.

Calculating "theoretical" profit is not the best thing to do. If the investor came out much earlier than the peak but still made a good profit, this should be called a good deal. Plus sometimes the risk isn't worth the extra profit. Imagine that the investment was made at a price level of $ 1,000. After that, bitcoin grew to 10 thousand. An investor who exits bitcoin at this level will receive his profit of 1000 percent on a move of $ 9000. Now, the subsequent movement of $ 9,000 will actually only double his deposit, but the risk of a fall remains and the investor may lose the 1,000 percent profit already earned. So it's better to get out here.

arufox

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Quote from: lichig on January 19, 2021, 04:19:46 PM

Hello there,

I'm considering cashing some BTC to fiat to buy more BTC after the bull (I'm targeting to buy again at USD 15~16k).
What it is the best way in your opinion to cash Bitcoins in 2021?

Thank you!

Do you believe that the price can dump until 15-16K? I think bitcoin is strong now, and after a big correction like in 2017, I think 15K is too dip and hard going into this price. I don't have good experience to analyze the price, so I will buy gradually after a big correction

fullhdpixel

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Quote from: Yamifoud on February 08, 2021, 12:36:03 AM

Actually, you sell your Bitcoin now but talking about buying back at $15-16k, you will gonna wait for that long as I can imagine.
Tried to see the market chart, there is no such a huge possibility that we drop into that price after this. Might chances that it drops at $30k which is still a good price to buy, we are heading to $50k and a chance as well to double your money.
I just giving you some insights, yet can be wrong or right but of course, you need to think about it because of making decisions. I'll be giving you some time to think about it.

There are many people who sell to wait for a big crash and buy later on, not that they are wrong or right but that is just a strategy. The only time they could ever be wrong is if the price never goes below that price, if someone sold at 20k that was smart in 2017, but if they waited for price to be 2k before they buy, they would have to wait a lot, it never became 2k again and that would mean they would never buy again and that is bad, you should put a realistic target.

It means as long as bitcoin price reaches 15k just once, that means they are fine, there is no problem with that and that is a good strategy, even if it goes up before that happens, as long as it drops and you can buy it is a good strategy. Of course it is not going to be that easy, we may never see 15k and in that case people who sold here and waited too long may end up with not a good profit in the long run.

Yamifoud

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Quote from: lichig on January 19, 2021, 04:19:46 PM

Hello there,

I'm considering cashing some BTC to fiat to buy more BTC after the bull (I'm targeting to buy again at USD 15~16k).
What it is the best way in your opinion to cash Bitcoins in 2021?

Thank you!

Actually, you sell your Bitcoin now but talking about buying back at $15-16k, you will gonna wait for that long as I can imagine.
Tried to see the market chart, there is no such a huge possibility that we drop into that price after this. Might chances that it drops at $30k which is still a good price to buy, we are heading to $50k and a chance as well to double your money.
I just giving you some insights, yet can be wrong or right but of course, you need to think about it because of making decisions. I'll be giving you some time to think about it.

justdimin

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Quote from: lepbagong on February 07, 2021, 05:37:22 AM

things that must be appreciated from you, we all will certainly have our own perceptions in taking the next step, we only need to give advice that we may know, but now it all depends on them whether they want to save or sell. because of course we cannot know someone's needs with the naked eye, maybe he is more concerned with those needs, so he decides to sell them not the other way around.

even though we know, like you said, that the journey is still far away and is starting to undergo and it is certain that there will be a sharper increase and will form renewable ATH. once again let people decide for themselves and we can only give advice because we will not be able to guess their hearts.

The fact is that, nobody ever needs money and never has money ever again. Even the poorest people in the world have a long stretch of being poor, and a few stretch of having a bit of money, I have seen homeless people with decent life before or after they become homeless, sometimes they had a good life but drugs and other stuff ruined their life and they became homeless, sometimes they were homeless but got their situation together and survived, so basically even those in horrible situations could end up with just a bit of money.

What I am trying to say is that, if you ever need the money, or you want to cash out, you can do so, but it doesn't mean that you will never have any income until you die, if you do end up with zero income until you die that is a whole problem that bitcoin can't solve, but if you cash out and still have a bit of income, you can try to put it back in and have some more bitcoin in the long term even after you cash out.

lepbagong

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Quote from: bitgov on February 03, 2021, 07:47:32 AM

Everyone has the right to decide what to do with their money and how to invest it, but the thought of selling now is a bit strange - at least to me. In my opinion the market looks very bullish and I don't expect it to drop below $30k in the near future. On the contrary, in my opinion, in the next few days I expect a new ATH and further increases. I wish your plan would be successful, but in my opinion the train is just leaving and it is not travel down the chart..

things that must be appreciated from you, we all will certainly have our own perceptions in taking the next step, we only need to give advice that we may know, but now it all depends on them whether they want to save or sell. because of course we cannot know someone's needs with the naked eye, maybe he is more concerned with those needs, so he decides to sell them not the other way around.

even though we know, like you said, that the journey is still far away and is starting to undergo and it is certain that there will be a sharper increase and will form renewable ATH. once again let people decide for themselves and we can only give advice because we will not be able to guess their hearts.

Silberman

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Quote from: pixie85 on January 29, 2021, 06:07:05 PM

Is there even a bear market? It looks so much different than all the previous bearish turns like the price wants to pump up but the price is just too high for people to be able to effectively stack up.

I'll remind you all about a huge negative pressure from the miners that grows along with the price. They are mining the same amount of coins every week but people had to get much less fiat to keep buying these new coins when we were sub 20 thousand. Now at 35 it's a difficult job that requires almost 2 times more fiat every month.

of course OP is going to wait forever for his 16 thousand. We are not going back there even when we crash from the real bull market peak of 100 thousand or something like that. We'll still stop at 20. You can keep waiting and hoping just like those who waited for 1000 in the last bear market.

Bitcoin is slowly but surely climbing back and now it has reached a price of 36k, if that is a bear market then we should be incredibly happy as the growth that is coming will be huge, but being serious about it this was just a much needed correction, if bitcoin had kept growing at the rate that we were seeing then an actual crash would have come sooner than what we would have liked, so the correction was exactly what we needed since it gave everyone some breathing room and now it seems we are ready for another round of impressive growth happening during the next weeks and months.

bitgov

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Quote from: lichig on February 03, 2021, 07:29:13 AM

Quote from: vintages on February 03, 2021, 06:40:01 AM

What makes you think the price will drop so low to 15k or 16k?

Surely, there will be a price reduction before the bigger pump but the price you are hoping for is way kinda unrealistic. The price of 20k-25k is probably fair enough. And to cash out as you aim for, be ready to leave your coin till the end of 2021 or even longer than that.

Yes, after sleeping on this for a few days and viewing how the market is moving I conclude that the 16k price was unrealistic.
I'm targeting now to somewhere in the mid-20K USD.

Everyone has the right to decide what to do with their money and how to invest it, but the thought of selling now is a bit strange - at least to me. In my opinion the market looks very bullish and I don't expect it to drop below $30k in the near future. On the contrary, in my opinion, in the next few days I expect a new ATH and further increases. I wish your plan would be successful, but in my opinion the train is just leaving and it is not travel down the chart..

lichig

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Quote from: vintages on February 03, 2021, 06:40:01 AM

What makes you think the price will drop so low to 15k or 16k?

Surely, there will be a price reduction before the bigger pump but the price you are hoping for is way kinda unrealistic. The price of 20k-25k is probably fair enough. And to cash out as you aim for, be ready to leave your coin till the end of 2021 or even longer than that.

Yes, after sleeping on this for a few days and viewing how the market is moving I conclude that the 16k price was unrealistic.
I'm targeting now to somewhere in the mid-20K USD.

vintages

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Quote from: lichig on January 19, 2021, 04:19:46 PM

Hello there,

I'm considering cashing some BTC to fiat to buy more BTC after the bull (I'm targeting to buy again at USD 15~16k).
What it is the best way in your opinion to cash Bitcoins in 2021?

Thank you!

What makes you think the price will drop so low to 15k or 16k?

Surely, there will be a price reduction before the bigger pump but the price you are hoping for is way kinda unrealistic. The price of 20k-25k is probably fair enough. And to cash out as you aim for, be ready to leave your coin till the end of 2021 or even longer than that.

lichig

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Quote from: magneto on February 01, 2021, 06:37:20 PM

The fact of the matter is that the sentiment right now is very bullish, with much improved fundamentals from an institutional and retail perspective. And with all the excess liquidity sloshing around the system, it'll be inevitable that mass FOMO on the retail front will break out soon, supported by strong institutional demand.

Selling now with the mindset of buying back later is dangerous in that you're very likely going to be falling into the trap of selling high and buying even higher. Sure, selling now could work, but make sure you DCA your buys afterwards and don't try to time the market.

Yes, I'm seeing the exact same thing.
Great answer @magneto, Thanks!

magneto

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Quote from: lichig on January 19, 2021, 04:19:46 PM

Hello there,

I'm considering cashing some BTC to fiat to buy more BTC after the bull (I'm targeting to buy again at USD 15~16k).
What it is the best way in your opinion to cash Bitcoins in 2021?

Thank you!

I'd suggest just holding it out for now, if you are not trading with leverage/borrowed money.

The fact of the matter is that the sentiment right now is very bullish, with much improved fundamentals from an institutional and retail perspective. And with all the excess liquidity sloshing around the system, it'll be inevitable that mass FOMO on the retail front will break out soon, supported by strong institutional demand.

Selling now with the mindset of buying back later is dangerous in that you're very likely going to be falling into the trap of selling high and buying even higher. Sure, selling now could work, but make sure you DCA your buys afterwards and don't try to time the market.

pixie85

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Is there even a bear market? It looks so much different than all the previous bearish turns like the price wants to pump up but the price is just too high for people to be able to effectively stack up.

I'll remind you all about a huge negative pressure from the miners that grows along with the price. They are mining the same amount of coins every week but people had to get much less fiat to keep buying these new coins when we were sub 20 thousand. Now at 35 it's a difficult job that requires almost 2 times more fiat every month.

of course OP is going to wait forever for his 16 thousand. We are not going back there even when we crash from the real bull market peak of 100 thousand or something like that. We'll still stop at 20. You can keep waiting and hoping just like those who waited for 1000 in the last bear market.

KTChampions

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Quote from: error08 on January 27, 2021, 02:49:15 PM

Agree, only if a massive unpredictable event occur that affect the bitcoin market may cause a crash over 50% drop but in a normal circumstance, it's improbable to be the reality considering market condition these days; strong support, high demand, institutional investors, and big companies accumulating bitcoin, the trends still in the bull market.
Today's bottom unexpected drop to $29k, but it's a higher low, after the recent high, an opportunity to buy bitcoins before it taking off.

If I remember correctly, there was nothing like this in 2018 and the general situation was favorable for cryptocurrencies, but in the end, everything fell steadily and for a long time. Why can't this situation happen again? I am not saying that the fall will be deep, but the trend may change.

Topic: Best way to sell in 2021 — to buy more on the bear (Read 736 times)