Best way to sell in 2021 — to buy more on the bear - page 3.

milewilda

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Quote from: Silberman on January 25, 2021, 03:27:09 PM

Quote from: BrewMaster on January 20, 2021, 01:08:29 PM

you should check some of the topics in 2019 and 2020 from people who were making similar plans as you deciding to sell their bitcoins in $3k to $5k range then wait for the price to drop to $1k to $2k to buy back.
it is wishful thinking that will never happen. whenever bitcoin rises above certain levels those prices are gone forever. just as we will never see $1k we also will never see $15k either.
you've already lost a lot of good opportunities and are going to lose some more before you panic buy back in Wink

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.

Just let them bet because sooner or later they would surely changed up their minds or would took back those negative words that had spit out.They do able to say so because out of their frustration and stress.
even experienced traders or investors would really have some time on cursing up the market when they got lost big time but once you do have the experience you would really able to suppress that and would
just simply move on.If you had accepted that bitcoin is way too volatile in the first place then you wont really be shocked once you had experience it for yourself.
Trading mistakes are common because due to unpredictability of the market you will really be committing this one, no matter how pro you are but of course there would really be
differences compared when you are just still amateur.

Silberman

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Quote from: BrewMaster on January 20, 2021, 01:08:29 PM

you should check some of the topics in 2019 and 2020 from people who were making similar plans as you deciding to sell their bitcoins in $3k to $5k range then wait for the price to drop to $1k to $2k to buy back.
it is wishful thinking that will never happen. whenever bitcoin rises above certain levels those prices are gone forever. just as we will never see $1k we also will never see $15k either.
you've already lost a lot of good opportunities and are going to lose some more before you panic buy back in Wink

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.

STT

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Its heading outside of a bearish break of a triangle so for the moment could be in a weak spot. The bullish trend went back a month so look at support levels in that area is reasonable to rebuy at. Maybe a pullback to 50 day area would be possible before continuing in a wider movement.

This recent low just now at 31284 is a monthly average, the medium term bullish picture in that area.

shoreno

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Quote from: lichig on January 19, 2021, 03:19:46 PM

What it is the best way in your opinion to cash Bitcoins in 2021?
Thank you!

what cash you tryin to say . is it cash in or cash out ? if that is to cash out , the best way to cash out is when you are in profits but i dont know if what is the price of btc when you started , you better indicate that also in your post . while the best way to cash in is when the price of btc is low , you have your preference with this one and that is when btc drops 16 to 15k but i also dont think that btc will drop that low because btc is still at its highest right now . you might want to change your buying perspective

ethereumhunter

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Quote from: lichig on January 19, 2021, 03:19:46 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!

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.

LogitechMouse

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Quote from: lichig on January 19, 2021, 03:19:46 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!

Good luck in your target buying price

.

I know that anything is possible in crypto but that price has a very low chance for Bitcoin to be touched again. If you will see the chart in a weekly time frame, the strongest support right now is at $18,000. Might be close to your target buying price but touching that price has a low chance.

Best way to cash Bitcoins? Make a support then buy when it reaches that prices. Still it will be your final decision and it will depend on your strategies

.

el kaka22

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Quote from: dothebeats on January 20, 2021, 06:00:10 AM

I kinda like the idea of buying anything sub-$30k at this point. With the recent price drop from $40k to $30k I thought it would continue to go down back to at least $25k, but boy I was wrong. I still bought @ $32k just to add something on my stash that I have emptied since the price hit $40k. There's no way of telling exactly what price would we be looking at in the coming weeks. Most signals that I have followed anticipated a drop until sub-$20k 2 weeks ago but even those experienced traders failed to read the signals carefully, or interpreted it in such a way that they overshot their predictions by more than a mile.

There are thousands of people who like the idea of buying over 30k as well, that is why it is having hard time dropping under 30k, it went down so many times yet every time it went up once again. The idea that price could fall and you could buy cheap gets away from you when the price actually goes low because many people suddenly start to think that maybe they were wrong and this will go lower and lower so they stay away while others know that cheap bitcoin is cheap bitcoin and there is no way it would go down forever and will eventually go up.

So, if you want to buy, do not hesitate to buy at any price, just make sure that you always have some money aside in order to buy more, do not get involved with all of your money and you will be capable of buying now, and if it goes up you profit, if it goes down more you have money to buy more from cheaper levels.

mich

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Quote from: lichig on January 19, 2021, 03:19:46 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!

This sounds like the mind frame of all traders who want to sell at a high price and then buy back in a Bear market.
Your strategy sounds like a good one but be cautious when trading crypto since its very volitile and not like regular investments.
You should read other peoples stories about trading crypto and decide if its what you want to get into.

Psynthax

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Honestly it's up to you, cashing it out right now is actually fine as long as you made profit out of it. In the future we don't know whether the bullrun gonna continue to break past $50K or just falls down instead but if you think it's gonna go down as part of bitcoin bullrun cycle then you can just follow your opinion.

Whether in the future it's gonna be bearish market or bullish market we don't know that but what's for sure when you're cashing out while still in profit is regardless the market condition you still got profit at the end of the day Grin

.

adaseb

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Quote from: lichig on January 19, 2021, 03:19:46 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 don't think that is a wise idea. There are many people who are in your situation and who wants to do the same. However its not wise for a few reasons.

First of all, there is no guarantee that if will go back to $15K. It might go down to $30K or maybe even $20K and never reach 15K, what will you do then. Secondly what if you sell here at $33K and it goes to $100K+? You will hate yourself for selling so cheap.

Last reason is say, it topped at $42K this month, goes it goes to $15K and you get a fill. However instead of it going up, it goes down to under $10K and stays there for years. What will you do then? Hence you should just HODL.

Fundamentals Of

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Quote from: lichig on January 20, 2021, 09:31:09 AM

Quote from: Fundamentals Of on January 20, 2021, 09:21:56 AM

If you are planning to cash out from Bitcoin to fiat so that you will be able to buy Bitcoin again at that price range, you better be spending that fiat because that will be losing all its value before Bitcoin will get back to $15,000 again.

What are the fundamentals supporting this? Thanks.

Scan over the news in the past six months or so. You will find your fundamentals there. The adoption of Bitcoin is real. The institutional money is getting in and in huge bulk. In fact, PayPal is fast running out of Bitcoin supply each time they refill, and they've not even opened crypto buying and selling yet to all their users around the world. Moreover, the top cryptocurrency manager, Grayscale, has seen an explosion of Bitcoin asset inflow in the past few months, so high a growth in just a matter of months that would far surpass the Bitcoin inflow of the past several years combined.

Adoption is here. $15,000 will only be a history.

BrewMaster

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There is trouble abrewing

you should check some of the topics in 2019 and 2020 from people who were making similar plans as you deciding to sell their bitcoins in $3k to $5k range then wait for the price to drop to $1k to $2k to buy back.
it is wishful thinking that will never happen. whenever bitcoin rises above certain levels those prices are gone forever. just as we will never see $1k we also will never see $15k either.
you've already lost a lot of good opportunities and are going to lose some more before you panic buy back in Wink

hahay

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Bitcoin price has only moved in the 30k range so far and despite a sharp drop in the near term, I'm sure it won't return below 20k. Therefore, selling to buy more bitcoin will probably take a lot of time, as you want a very sharp drop like under 20k to buy more. If that's your expectation then you will also be holding on for a long time because after a big dump it is unlikely that there will be a rapid rise in a short amount of time, or waiting for the next halving then obviously, it will take a long time.

lichig

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Quote from: 2double0 on January 20, 2021, 10:05:36 AM

You need to rethink on your strategy and decide your new entry

Thank you, I am actually reconsidering my re-entry point.

Quote from: 2double0 on January 20, 2021, 10:05:36 AM

btc has a possibility to plunge below $30k.

Why it can go down below $30k, but it can not go down bellow $20k? What are the fundamentals supporting this statement?

Silberman

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Quote from: lichig on January 19, 2021, 03:19:46 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!

At the end it is your decision however I'm not so sure that the price of bitcoin is going to go down anymore than what we have seen already, my reason for this is very simple the United States is still printing a lot of money and investors are getting really worried about what they are seeing and are trying to find an asset that can help them in the case everything goes to hell and without a doubt bitcoin is one of the best options if you want to protect yourself.

2double0

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Daydreaming of $15k btc? I don't think btc will touch that area in 2021 or even 3 years from now. You need to rethink on your strategy and decide your new entry, selling it now won't help but if you want to take risk, btc has a possibility to plunge below $30k and there you will get 15% more btc with your now-sold assets.

lichig

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Quote from: Fundamentals Of on January 20, 2021, 09:21:56 AM

If you are planning to cash out from Bitcoin to fiat so that you will be able to buy Bitcoin again at that price range, you better be spending that fiat because that will be losing all its value before Bitcoin will get back to $15,000 again.

What are the fundamentals supporting this? Thanks.

Fundamentals Of

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Your buy target will be at $15,000 to $16,000 per Bitcoin? I don't think your money will ever get into Bitcoin again.

If you are planning to cash out from Bitcoin to fiat so that you will be able to buy Bitcoin again at that price range, you better be spending that fiat because that will be losing all its value before Bitcoin will get back to $15,000 again.

Be wise. If you wish to grow your Bitcoin, be contented with slow movements. Don't wait for very large movements which might only be happening in your imagination.

leea-1334

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My advice from years ago is the same now,,, and in fact probably even more important today with modern exchanges now all requiring their processes to be compliant with regulations in their various countries of operation.

This means KYC yourself. Verify your identity to the maximum possible, if you intend on selling on regulated exchanges.

Coin_trader

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The best way is to buy during strong support hit or when price close to hit. Do it partially so that in case the support was broken, You can open again another position to the new establish support. Do it until you completely use all your cash.

You can use this method vice versa way when selling your BTC in to cash. Change the support to resistance.

Topic: Best way to sell in 2021 — to buy more on the bear - page 3. (Read 753 times)