BITCOIN DROPS TO $5,600. HOLD OR SELL?

cola-jere

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Activity: 665

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Quote from: xhibit1 on November 15, 2018, 06:08:49 AM

As at yesterday, we all saw the value of Bitcoin depreciate to $5,600. what is your advise to BTC holders

should we sell of in order not to incur more loss?

or should we HODL with hope that the bull run is coming soon enough?

I hope the OP was able to sell. I'm just glad I sold within Q1 to Q2 of 2018.
Now I can buy back so much more of what I sold Grin

PanGiMoon

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Activity: 420

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Quote from: xhibit1 on November 15, 2018, 06:08:49 AM

As at yesterday, we all saw the value of Bitcoin depreciate to $5,600. what is your advise to BTC holders

should we sell of in order not to incur more loss?

or should we HODL with hope that the bull run is coming soon enough?

Interestingly, the author topic was selling or now biting elbows seeing the current price. Holding back is probably a better decision than making regular investments in the bottom.

Nyewbot

jr. member

Activity: 53

Merit: 1

https://www.devilsdragon.com/

depending on the trust of each, if you are sure and believe about crypto it is better to hold it and wait until the time comes, new you can throw it away.

TokenForUs

member

Activity: 392

Merit: 10

Ccfound

even i know the bull run will not comes in the near future i will prefer to hodl my bitcoin as long as the price recover without taking risk for loss a huge of my portofolio. cutting my loss and selling all of my bitcoin was not good idea right now, many crypto enthusiast will desperate seeing price chart at this moment, but i still believe cryptocurrency has always important value among people and lets hope for the better thing after this bear.

richcorner100

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Activity: 616

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https://exip.live/

Its very difficult to predict the bottomed of Bitcoin price's because crypto market manipulated by whales and they only want what they want to do. So to avoid loss just remember to use stop loss, incase the price keep drop we can buy more in cheaper price so we can get more amount of BTC.

cryptolord2077

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Activity: 1078

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Quote from: levyashin on January 10, 2019, 07:21:55 AM

Sell it and buy back when it hits around 3400$.

It is very easy after see what happened, isn't it

When everything is known, everything is simple. The main question is to learn to know in advance, learn to predict and see future market movements, it is these people who become millionaires in crypto. Are there such people among us?

Starfranko

jr. member

Activity: 672

Merit: 1

That price in my opinion is not the lowest it can go but the exciting part of it is that the patient dog will eat the biggest bone. If you don't need the money urgently go ahead and hold for eventually the price will return to some level more heartwarming and then you can sell for profit

Wyndesam

member

Activity: 392

Merit: 10

Quote from: Correlll on January 10, 2019, 12:23:17 AM

Bitcoins price is around 3800 USD at the moment and I am still holding, because it is too late to sell already. The only opportunity that we have now is to hold our digital assets and to hope that the market is going to recover soon.

If you bought above 10,000 thousand, then of course you need to keep and not sell, but you need to be prepared that the price of bitcoin can drop to 1800 , and if possible, I would still buy more bitcoin to get into the plus much earlier

kogozer714

copper member

Activity: 593

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if I am private, I will sell part of it to buy back at the lowest price in my opinion, and worst possible if the price really goes up or down I will not regret losing the opportunity to profit and I can still buy half of my assets

voteformeg

legendary

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Quote from: xhibit1 on November 15, 2018, 06:08:49 AM

As at yesterday, we all saw the value of Bitcoin depreciate to $5,600. what is your advise to BTC holders

should we sell of in order not to incur more loss?

or should we HODL with hope that the bull run is coming soon enough?

i did not read this thread earlier but i hope you did the right thing in december , personaly i only buy and hold crypto , trading seems not to be made for me

mrkavasaki

hero member

Activity: 888

Merit: 500

Today, the market continued to fall again with a long long candle penetrating through all the support levels and overwhelming volume and changing the face of Bitcoin's ongoing trend. I think in the coming months will be dark days with Bitcoin, you should consider holding BTC

Runbitup

full member

Activity: 700

Merit: 100

what we do must be a choice for ourselves so that you as the owner of Bitcoin, you have to find out what happened to Bitcoin and whether Bitcoin will be saved.
if you already know the answer to all that, then you have the answer to your question.

Dacosta Osei-Tutu

member

Activity: 560

Merit: 10

Am very sure the market is being manipulated by some trading bots because this morning, the market just dropped suddenly just when the it seemed recovering. I think the best thing to do at this bear market is to stop watching your portfolio until the market starts to recover organically

littleheart

member

Activity: 206

Merit: 10

In the event that you are an individual who trusts in the ascent of Bitcoin costs, unquestionably you will keep it down until the point that the cost returns, however on the off chance that you are an individual who does not believe in the expansion in Bitcoin costs, without a doubt the decision that will be made is to move it. So everything relies upon one another's convictions.

Korkorjkk

member

Activity: 546

Merit: 11

If Bitcoin has dropped to $5,600 there is no need to sell the coin. Bitcoin will definitely rise again so there is no need to sell the coin if the price drops

PavelMed

full member

Activity: 560

Merit: 106

Quote from: xhibit1 on November 15, 2018, 06:08:49 AM

As at yesterday, we all saw the value of Bitcoin depreciate to $5,600. what is your advise to BTC holders

should we sell of in order not to incur more loss?

or should we HODL with hope that the bull run is coming soon enough?

If you got a loss, you need to decide for yourself how much a big loss you can bear, for example, I put stop loss on -8% of the purchase price, but if you did not have time to sell and received already -20% or more, then there are two options. 1) take profits, sell and trade further 2) wait until the price rises again. Always put stop loss and risk management

makerst

sr. member

Activity: 728

Merit: 252

If you still have not sold anything, it is better not to sell anything already, because it is better to start buying, maybe now it will be the last point, which lately may be even lower. You need to believe and understand.

levyashin

sr. member

Activity: 980

Merit: 276

$CYBERCASH METAVERSE

Sell it and buy back when it hits around 3400$.

It is very easy after see what happened, isn't it

kuverty

sr. member

Activity: 770

Merit: 250

That exactly what I thought when I made a purchase of EOS at $15. And with every big drop, I have been buying more to average out, but it kept dropping. Now here we are at $2.5.

[email protected]

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Quote from: axel2078 on January 09, 2019, 11:56:19 PM

I decided not to sell when the BTC fell $ 5000 and it was a wrong decision of mine, Right now I am still holding and hope that the BTC can go up $ 6000 so I can sell all leave this market

maybe there are only two choices, selling assets or holding assets. if I feel at a loss I think the right choice is just holding back the assets owned. but if you feel you have benefited but the market situation gets worse, you can sell it to avoid losses and can buy it back when the asset price actually falls.

Topic: BITCOIN DROPS TO $5,600. HOLD OR SELL? (Read 2688 times)