Unfortunately most people never learn this lesson and what it is even worse the scenario that you are describing is in fact the best they can hope for, they realize their mistake and then get back in bitcoin even if it is at a more expensive price, but what we most commonly see is that those people become bitter because they took the wrong choice and then begin to say bad things about bitcoin and become opponents of the technology simply because their ego cannot accept the fact they made the wrong call.
We can't stop them from doing so. If they are comfortable selling at what the price is today, they just want to feel the profit that should go into their hands and wait until it further drops. Well, personally I don't do this strategy but it is prevalent to sell at the top and buy during the dip. My only concern is that the price he had mentioned was quite low if we're dealing with the current price.
Topic: Best way to sell in 2021 — to buy more on the bear - page 2. (Read 753 times)
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!
Hopefully that will happen, but you have to reset the price when bitcoin can't be able to reach $15.000. We don't know exactly what price that will be reached for bitcoin price, we just only know that the price will decrease and increase. But after all, I just thinking that bitcoin will never reach below $20.000. 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!
There will be many people who will buy when bitcoin price touch arround $25.000 so as the price will back to $30.000 again. Also, I read some news and they stated that most bitcoin traders tend to having a prediction that bitcoin price still bullish especially for the long term. Also, some instutional still hold their bitcoin and even some of them have intention to buy back when its price low.
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.
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.
We're not quite out of the woods just yet, though, I saw some frenzied selling around 31k and now we're back below 30k. Just whittling away at support, I doubt there's enough will for the bears to dump more -- or even enough supply to fill that gaping hole of demand -- but I wouldn't be surprised if we get a more serious test of sub 30k. It won't be for long but it'll definitely test just how strong the hands of new entrants are;)
If we take a look at the last cycle chart then bitcoin went from $20K to $3k in the long bearish run so anything is possible and we can't predict anything until it happens in the cryptocurrency. As for now it just swinging in the region and hope it will be just a correction and also there are some analysis says that it will drop to $27K.
Thought it already did a few days ago? I mean okay, $27,800 but that's semantics.
I think Bitcoin doing another 85% shedding of value isn't completely off the table (and I know I've said it before I'm expecting that every single cycle) but even if that happens, it's still a rock bottom of $6700 or thereabouts, and that'd take a massive Black Swan event, which would result in a very, very desirable bounce back to propel another rally.
That scenario's not coming anytime soon though. It's far from being done with a 2021 ATH.
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.
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'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!
You might not be able to buy at that price but at much higher so be sure to not not sell much. But no matter when you need an exit plan. (SSS) - A Sane and Simple bitcoin Savings plan https://bitcointalksearch.org/topic/sss-a-sane-and-simple-bitcoin-savings-plan-345065 is very good sell strategy.
If we take a look at the last cycle chart then bitcoin went from $20K to $3k in the long bearish run so anything is possible and we can't predict anything until it happens in the cryptocurrency. As for now it just swinging in the region and hope it will be just a correction and also there are some analysis says that it will drop to $27K.
Thought it already did a few days ago? I mean okay, $27,800 but that's semantics.
I think Bitcoin doing another 85% shedding of value isn't completely off the table (and I know I've said it before I'm expecting that every single cycle) but even if that happens, it's still a rock bottom of $6700 or thereabouts, and that'd take a massive Black Swan event, which would result in a very, very desirable bounce back to propel another rally.
That scenario's not coming anytime soon though. It's far from being done with a 2021 ATH.
Still there is a strong resistance above the 30K price range so I don't think we have any chances for now to reach 16k region but if you believe that we already entered into bearish trend and you are in profits then make your decision with cashing out options.
I don't think advising a cash out at this time we be the best. The bear is part of the market but I don't a fall down to $16k at this time that mist economy are having plans for the new year and also tackling covid-19. US government now led by Biden has made more plans for stimulus package, this definitely will create more bitcoin investment. So hodling more for invested bitcoin can yield good profit in time to come.
What kind of wallet you are using?
If you are planning to convert your BTC into USDT, then your wallet must be good enough to accept that currency and if you are really referring to fiat currency then ask someone who are willing to exchange your BTC into fiat money, or have a wallet where this kind of transactions is possible.
You have a great plan mate, you want to take profit now and wait for the bear market again, this will happen in time but its really hard to tell when so be sure that you have more patience to wait for the next bear market, it might not happen this year who knows.
If you are planning to convert your BTC into USDT, then your wallet must be good enough to accept that currency and if you are really referring to fiat currency then ask someone who are willing to exchange your BTC into fiat money, or have a wallet where this kind of transactions is possible.
You have a great plan mate, you want to take profit now and wait for the bear market again, this will happen in time but its really hard to tell when so be sure that you have more patience to wait for the next bear market, it might not happen this year who knows.
Still there is a strong resistance above the 30K price range so I don't think we have any chances for now to reach 16k region but if you believe that we already entered into bearish trend and you are in profits then make your decision with cashing out options.
Lot of ways available to convert BTC to fiat like Bitcoin ATM, trading platforms and P2P exchanges with different price range which maybe above or below the market price depends on which you choose.
Lot of ways available to convert BTC to fiat like Bitcoin ATM, trading platforms and P2P exchanges with different price range which maybe above or below the market price depends on which you choose.
Local exchange is a good option to cash out, easier to get fiat currency or trade it for stable coins.
However, it seems impossible for bitcoin to drop 50% from this level, yes $30k is a strong support level and bitcoin always maintain its position above this level, yet we're not entering the bear market, just a correction after the ath, a brief dip I would say, as the chart and technical analysis indicate that bitcoin will increase again in February, back to the top.
Still there is a strong resistance above the 30K price range so I don't think we have any chances for now to reach 16k region but if you believe that we already entered into bearish trend and you are in profits then make your decision with cashing out options.
Lot of ways available to convert BTC to fiat like Bitcoin ATM, trading platforms and P2P exchanges with different price range which maybe above or below the market price depends on which you choose.
Lot of ways available to convert BTC to fiat like Bitcoin ATM, trading platforms and P2P exchanges with different price range which maybe above or below the market price depends on which you choose.
Local exchange is a good option to cash out, easier to get fiat currency or trade it for stable coins.
However, it seems impossible for bitcoin to drop 50% from this level, yes $30k is a strong support level and bitcoin always maintain its position above this level, yet we're not entering the bear market, just a correction after the ath, a brief dip I would say, as the chart and technical analysis indicate that bitcoin will increase again in February, back to the top.
Still there is a strong resistance above the 30K price range so I don't think we have any chances for now to reach 16k region but if you believe that we already entered into bearish trend and you are in profits then make your decision with cashing out options.
Lot of ways available to convert BTC to fiat like Bitcoin ATM, trading platforms and P2P exchanges with different price range which maybe above or below the market price depends on which you choose.
Lot of ways available to convert BTC to fiat like Bitcoin ATM, trading platforms and P2P exchanges with different price range which maybe above or below the market price depends on which you choose.
Hold your bitcoin, and use the other money to buy bitcoin instead to sell your bitcoin at the current price because if you want to buy again at $15k-$16k, you need to wait for a long time which no one knows when that will happen. You need to think twice what if you sell your bitcoin, the price jump and back to $39k and still increase. But that will be up to you, we can only suggest you and give you many options, and the final decision will be yours.
Selling at profit is not even the best optimized situation neither, you should probably hold it even longer if you can, obviously it wouldn't be an easy choice but it would be a good one if you really want to. I personally want to see bitcoin at 100k if I can, before I sell and even after that I would probably hold it, I am going to hold it until 2 things happen (whichever happens first) either until I die which is the easy option, or either I have enough money that I can retire easily without doing anything else.I will wait until either of these two things happen and not sell it if I can, obviously there could be horrible stuff in my life that could require me to cash out and spend on that like maybe I will have cancer and will need to spend and all that but looking at the situation right now I do not think that it would be a problem for me for now.
Its a great strategy but also you presume to know when the market is fully bullish and saturated in that sentiment and will not grow further, thats a hard thing to judge. I dont disagree on the general idea, keep some powder dry for when you need it and its best to act with caution and be able to buy into any dips is good thinking.
I have similar Post crossed last week in which He was very Bitter on why he sold His Bitcoin at 28,000$ in December last year considering that was the ATH and He will wait for re entering as the Correction will happen In January this year.but all he got is No chance because the price continues growing and seems not to falling His way sooner.
Quote
I do see a series of lower highs and would expect this to result in action with lower pricing but I also must keep checking perspectives not just my own view, hopefully I will be more accurate the more I can consider the question with a neutral bias. Of course I would like to buy into the lows of 2021 like everyone would, there is only so much capital to do so and Im forced to be more cautious then the market often.
Everyone of us wanted buying in the lowest price we can accumulate but the thing is we don't know where this coming and are we really ready when the time comes?
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'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!
Good to see u collecting ur profit at the time. But i think bitcoin have strong support above 15k, so its hard to touch under 20k again. My suggestion is try to accumulate every dip(not to buy all at a point), so you wont regret if there's another unexpected bull coming. Hopefully whatever the strategy we use will leads us to profit.
Its a great strategy but also you presume to know when the market is fully bullish and saturated in that sentiment and will not grow further, thats a hard thing to judge. I dont disagree on the general idea, keep some powder dry for when you need it and its best to act with caution and be able to buy into any dips is good thinking.
I do see a series of lower highs and would expect this to result in action with lower pricing but I also must keep checking perspectives not just my own view, hopefully I will be more accurate the more I can consider the question with a neutral bias. Of course I would like to buy into the lows of 2021 like everyone would, there is only so much capital to do so and Im forced to be more cautious then the market often.
I do see a series of lower highs and would expect this to result in action with lower pricing but I also must keep checking perspectives not just my own view, hopefully I will be more accurate the more I can consider the question with a neutral bias. Of course I would like to buy into the lows of 2021 like everyone would, there is only so much capital to do so and Im forced to be more cautious then the market often.
Unfortunately most people never learn this lesson and what it is even worse the scenario that you are describing is in fact the best they can hope for, they realize their mistake and then get back in bitcoin even if it is at a more expensive price, but what we most commonly see is that those people become bitter because they took the wrong choice and then begin to say bad things about bitcoin and become opponents of the technology simply because their ego cannot accept the fact they made the wrong call.
We can't stop them from doing so. If they are comfortable selling at what the price is today, they just want to feel the profit that should go into their hands and wait until it further drops. Well, personally I don't do this strategy but it is prevalent to sell at the top and buy during the dip. My only concern is that the price he had mentioned was quite low if we're dealing with the current price. 
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'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!
If we leave aside the discussion of this very idea (it seems to me very risky), then I think the most convenient option is to enter stablecoins or dollars on the exchange. But you should take into account that there is a risk of scam of both stablecoins and exchanges. Do you need to bear these risks (is the potential profit from such an operation worth it)? Maybe the best option is to keep holding the asset if you believe in its long-term prospects.
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'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!
You had a great mindset behind that expectations, because it's really a potential situation that would likely happening in the future. Last 2019 bearish market we've got $10k per btc that time, so after $30k outbreak this 2021 I guess you're predicted price upon downtrend would be a perfect time to buy once value starts to saturate.
My opinion is to cash your Bitcoin into divided portions, we might not notice there's another bounce before price will go down constantly. Dumping while trend is declining would be a good option, and buy during the dip to grab the best opportunity.
It's a good idea but you should be prepared with a proper prediction and also you should be aware that it might take long time for Bitcoin to go back to $16k to $20k, and it might not happen as well. But sinde its highly volatile there are possibilities as well because we used to say Bitcoin will never go below $5k but it eventually did in 2019 and similarly it may not look like Bitcoin will go down anytime sooner but possibilities are always there. I would request you to think again whether you wanna cashout and then buy at dip or else do daily trading ?
I think so too, the current bitcoin market already has a fairly strong foundation with many large parties holding large amounts of bitcoin. I'm sure they don't want that the price will fall like in 2017/2018. it may take a long time or even 2022 we can only see the next market cycle, although everything still feels vague 
It's a good idea but you should be prepared with a proper prediction and also you should be aware that it might take long time for Bitcoin to go back to $16k to $20k, and it might not happen as well. But sinde its highly volatile there are possibilities as well because we used to say Bitcoin will never go below $5k but it eventually did in 2019 and similarly it may not look like Bitcoin will go down anytime sooner but possibilities are always there. I would request you to think again whether you wanna cashout and then buy at dip or else do daily trading ?
Jump to: