Topic: BTC $6K, BUY OR SELL (Read 493 times)

Bitcoin price will reach $8,000 very soon we're almost there!

Check out this TA on CoinCodex:
https://coincodex.com/article/3586/bitcoin-price-analysis-btc-breaks-above-7000-for-the-first-time-in-8-months/

I congratulate all those who did not succumb to temptation and did not sell their coins when they were worth about $ 6,000. I didn’t do this either, and I don’t intend to do this at least until the end of this year. I’m sure that I’m doing the right thing when I’m doing what I’m doing.

For me, for now I'm more interested in holding my Bitcoin than buying back, because I made a purchase when the Bitcoin price dropped last month, because I was optimistic that prices would continue to increase. So I dare to hold it.

Why do you have to wait for the price to determine you action of either to buy or sell, any way it always better to buy bitcoin when the price is low and sell when the price rise. But in my own opinion you don't need to depend on the advice of others before making up your mind do what pleases you because there is no such thing as the right time.

Holding at this time is still good and if you can accumulate more btc then go. You know the price has not yet reached to ath just like before. And I think in the coming months we will see btc price increasing.

Why are you pegging the new ATH to $20k, don’t you believe that the next ATH could go above $20k, bitcoin doesn’t follow history that much, every new day we wake up into BTC has a different factor contributing to its growth, the factor that saw the price of bitcoin to $20k in the last Bull run may definitely not be the same factor that will repeat itself this time.

If you peg the new ATH to $20k now, how do you expect those who are yet to recover from the last bull mistake make profit, it means once we reach ATH of $20k again, they can only take their capital and won’t be able to get profit for the long wait, that is not so fair to them, we need more than the $20k in this next bull.

2k is that for real? the bottom rate that has been touched by bitcoin was around $3000 rate and it's never touched $2k rate. I guess you are joking with him and it looks like you may not true about the possibility for bitcoin will crash again because we have already touched a new stop point. Remember halving time happen next year and that will have potentially given bitcoin with another 50% increase too.
It's too late to buy bitcoin.

He may be a newbie, but you are a retard.

If you have it in your wallet then hold it because bitcoin will skyrocket, for now it's still good to buy and later the best price to sell will be obtained.

Bitcoin will not go down even it will start to break more than $ 7K, so if you buy then don't panic and hurry immediately because the increase in bitcoin properties will lead to a better increase. and there is no harm if you want to buy for investment now. It's never too late for good.

Well if people bought at 4000$ they can try to sell or wait more, but i don't think the price will drop to 2000$ even if a drop will start, but i think now the drop will not start.

buy now ... you are newbie?
we will buy at 2000 per btc ... bitcoin will crash soon
dont worry

People always have their priorities to manage their money as they want and according to their needs, there is an issue that you can see from the most human point of view, if you need the money you must withdraw to cover your needs, but if instead you want to speculate I advise you to follow the direction of the market, that is, when the bitcoin falls you must win or try to get profits betting with your fall, and if it is the bullish market, you must be in that direction, and if you want to hold you must be clear that it will take a long time for the bitcoin to take its bullish tendency so that it reaches a new ath.

I tell you this based on the current phase of the market, many people say that the market is bearish or bullish, I have studied it according to Wyckoff's theory and it helped me to determine that we are in accumulation, where there can be a lot of volatility, raise a lot and drop off without any explanation, because the phase of the market what you are looking for is to eliminate all the offer in that range that turns out to be the cheapest, and in order to accumulate as many Bitcoins as possible, then it takes time to do it, that may take 2.3 years, although this is crypto, the movements may be in months, this is what differentiates the Crypto market Stock Market. If you take into consideration this, you should know that if your intention is to invest and you are willing to wait, then buy everything you can, the benefits are safe but you do not know when it will happen.

At this stage, I think we will leave it to great analyst to advise on this, because as good as I thought I am in predicting prices of bitcoin using technical and fundamental analysis, I never saw this coming too, I actually expected price to hit $6000 by June, but never thought it will come this early.

I am just carefully observing what is going on in the market, and the factor contributing to its growth to be sure it is a healthy one before I decide If I myself is to continue investing or advise people to continue investing, but if I am to use intuition to predict, I am sure bitcoin will get to $7000 soon, so it is still ok to buy now for short term trade, for long term, there is no point that is not the right time till we reach ATH.

If you suggested this to all people, and the real market still has one dump maybe. Congratulation you already make all people getting a fomo, advice people to buying crypto/bitcoin its not a good option. They must know the reason why they buy the currency, your suggested only make people buying because of the price.

Yeah at least I'm not selling at the bottom, if you want to know i have a lot asset but for my financial money im only using around 25-40$ every month. More than 1 years already enough for me, collecting bitcoin since $3000-$4000. I have some mindset target, went the target price already reach i will not moving my target. Also, this month was Ramadhan and its a good reason to i must cash out it.

Selling actually doesn’t mean that one is quitting, we have some people that usually go for profit when price increase from the formal position that they bought, then buy back when the price goes down again.

I think the is still the best way to make money for a short term holder, but for a long term holder, it is not advisable to sell now, because the price increase is still far to what bitcoin will be attaining in the next few months, so they have to still keep holding on a little longer.

This year is expected to get a very high increase in the general market capitalization, but the next 2 years of the market will be greater than now, the longer we hold, the more the profit.

I am a bitcoin hodler so I wont advise a sell at this moment or any moment in 10 years or more.

Look, bitcoin is still at its young stage. It is created for something that would change the financial problem of the world or as introduction it could be the best payment system for online transactions.
It is happening now but not much broad.
Some merchants are still in doubt of bitcoin or just scared. With that kind of thinking you would not recommend selling to everyone.

What?

You can see the prices of bitcoin now,it keeps increasing day by day perfect time for buy and I hope this is the last time we can buy at this price,keep buying bitcoin as much as possible.

Maybe buying now is the right thing to do, the FOMO might have started and the price will even rise more.
However, for there are people who are satisfied with the profit they will make if they will sell now, if they bought at dip, they will enjoy an easy 100% return.

Its a good time to sell as long as you bought your coins lower than 6kusd   . its okay to take quick small profits if your a short time investor/trader but its also a better a idea to keep on buying and hodling for a more potential income in the future   .


Oh really ?  but what if 20k was the first and last highest ath that bitcoin will achieve ?  For me id say that 20k usd is a verry huge amount and its not usual for just a currency to reach that insane amount  .

do not hesitate if you had a capital to engage in bitcoin, as long as you can have it go for it because bitcoin has a long way to go, the ATH is 20k dollar meaning as long as the ATH has not reach yet the potential is very high to hit it again, the only thing you need to do is to have a patience waiting for that moment to come again.

It should always be a buy buy from now to $10K. That's my personal resolution now. I have realized that as we sit down and ask ourselves tgis questions everyday, the price keeps going up and by the time we'll really realize where we are, it will be too high to get in. It started when we broke thw $4.2K and since then the ride has been awesome.

Yes indeed. Buy and sell is for short traders but they do accumulate more Bitcoins too than altcoins. Since the market is starting to grow and the bull market is coming on its way. It is better to just wait for the Bitcoin price to grow and sell it when the market is gaining a lot of momentum to skyrocket to the moon.

Your opinion can be correct, but we have to find out about how to buy altcoins that are running ico that are not recommended and appropriate because there are a lot of scams, but if you need to buy altcoins that already have a market it is better. But we must know altcoin is not for a different long-term investment compared to bitcoin. bitcoin is a long-term investment. the best time is when bitcoin starts to appear to lead to an increase, it's time for you to buy and invest.

Hodlers don't wait for another pump, they are long term investors. They don't sell, only buy. Why is that so hard to fathom?
Hodlers wait for the promise of bitcoin to be fulfilled - they don't buy and sell based on market conditions.

Very specific reason why sometimes we need to sell, not because we are wasting the opportunity to have a more profit if the price go higher but because we have a target price to sell. Right now its already around $6300 and buying now is a big risk because it can go up or down, i suggest to study before you buy. Hodlers can buy more now and wait for another pump.

Alts are so much more volatile than Bitcoin. With BTC you know its gonna go up eventually 

Investors don't sell, they only buy during times of accumulation and hold long term. Traders buy and sell, but if you don't know wtf you are doing either be an investor or don't play at all.
My .02.

They will as long as Bitcoin continues up. Altcoins are lagging behind as always but if there's a big correction on bitcoin the altcoin boom will not happen. I agree that altcoins will show bigger gains than Bitcoin in the coming weeks if Bitcoin delivers but they won't move if it goes back to 5000 which is still possible.

I sold my tradable stash of Bitcoins before 6000 and kept only altcoins so I'll be waiting for a correction.

Personally, I don't advice anyone. My personal opinion is to buy alts because since now we see only the bitcoin price being increased and not any of the alts follow this raise.
Buying alts will probably give more profits in the future that buying bitcoins.

Maybe a lot of people are troubled by this kind of situation because bitcoin has already passed $ 6K, because it is clear to go like that for a long time. so that many investors are afraid to make a purchase and may even want to sell. I would rather be happy to buy and hold because this is the moment when bitcoin will move back like 2017, maybe even more.

Still waiting for bitcoin around 6700-7000, then i will cash out, The reason i already hold bitcoin to long around more than 1 years. Need some fresh money to buy some ASUS ROG Laptop & Paying my bill college, really glad I'm not selling at the bottom. But don't worry i still hold some asset at Altcoin and just sell it Bitcoin if he reaches that price, waiting for Altcoin Party after Bitcoin.

Better buy now and hodl but the decision still lies in you. Selling would always rely on how much you need it. Buying would rely on if you still want a good profit in the future or not. It's all up to you but all I can say is we must take advantage of every market situation rather than panicking.

If you badly want to cash out, then cash out the profits and keep your initial investment in Bitcoin. We're currently in a greed zone where people don't want to part with their coins, while before this run up people didn't dare to buy coins at the lower levels. Don't get caught in either of these.

It feels much better to benefit from both up and down directions than to wait for the price to keep going up, which might happen, but it could as easily start going down soon. In the end, you'll only miss that what you no longer have, so make sure you don't have to feel bad by not having cashed out profits.

Bitcoin has always been generous by offering another opportunity to buy back lower. I don't think we'll be seeing sub $4000 levels again, but sub $5000 is definitely not out of the question yet.

If you have bought in the $3000 levels then I can suggest you to cash out now or hold until it shows some signs of slowing down, otherwise buy and take it easy, don't do anything rash and try to hold on with what you have. Don't take the FOMO too seriously because you might see the price falling immediately in a blink of an eye. The foundation for this current bullish run is yet to be known, although the run seem to be strong enough to withstand selling pressure in waves (been seeing sell orders for quite a time now and it seems that they didn't stand a chance.)

Sure time will play its part but for a profit seeker it would a better idea to implant sale points like if it drop x amount in x time sale x %. It will save guard the fiat amount on a ongoing bearish period.

Selling some bitcoin he has will be a good decision, so he can wait for another down price to buy more bitcoin. But that is only if he bought bitcoin at a lower price or less than $6k. But if he doesn't buy any bitcoin, then I suggest him to wait for a while until he can see the red candle appear so he can get bitcoin at a low price. Don't use all of the money to buy in one-time buying but make for 3-5 buy order at any price so he can get the lower price.

you need to think like this:

When you buy bitcoin, what is your profit target? How long will you have patience to hold your coins?

The world of investments has its risks and because of this must be done planning and research before the person invest money.

For example if someone has $100,000 and buys bitcoin for the current price of $6250, but that person intends to hold for 5 years, even if days later the price of bitcoin fell to $3500... that person who bought  in $ 6000 he will not enter in panic because he knows that in 5 years the price will recover and he will have high profits

This depend on what is your target profit OP. If you are aiming for $100k Bitcoin then it is a good buy but if you are buying because you are being hyped,  I would say think again and study the market.  Better check what is your plan and what is your target exit price and reflect if you have the patience to wait for them.  Aside from that, if you have the luxury to wait years and will not get broke when the price crash.

There is no exact prediction here the price of bitcoin is unpredictable but for me, the price of bitcoin will stay long with 6k value and I think we will see the huge price increase after 4th quarter of this year around 7k to 8k.

If you want to sell them early you will never buy cheap bitcoins again so much better to hold them for a long time until next year or after block halving because the bear market is already done.

This is just my own prediction any the price movement can be change and I am just following the old price graph so if you are following the 2016 price movement well much better to follow it.

Bitcoin movement right now is increasing and I believe they have more chance to rise if you are observer to the value. I have bitcoins and I will not sell it to that value because the price will rise more so $6000 is not good price for selling.
Buying bitcoin is best time to buy . But if you are getting some profit and you are contented of what you get you can sell it.

For investors who now have a fiat, it will be better to buy, and for those investors who have entered Bitcoin, it is better to wait before the price of Bitcoin reaches a higher price. When the price is in the green zone, it will be possible to sell, take profits and wait for the price to come back a bit to go back into Bitcoin.

But for those who prefer long-term investments, the best option now is to buy Bitcoin and wait for the price they are willing to sell. It is possible that already this year the price of Bitcoin will be close to $20,000.

It will a tough decision to make, advising someone without any assurance what market will turned, it will be a hard one for everybody, crossing $6k is a good indication to build more trust and to attract more investors to jumped in, it's better to work with your own observations and keep yourself positive so holding will build more confidence to wait for much higher position, keep learning from the current market movements.

Oh,here we go again with the "should I buy or sell" type of posts on this sub-forum.
Any time is the best time to buy bitcoin (because price bubbles happen frequently)and any time is the best time to sell bitcoin(because those price bubbles burst really fast,and you can sell and buy cheap btc later).You might not get it in the start,but eventually you will learn how to spot the right time to buy/sell.
It's all about practice.

Smart investors see it coming, only those who got burned earlier quit the market but it seems they are coming back right now.

Why would you sell at the current price? The price is increasing? I don't want to give financial advises though, sorry it really boils down as to how you gonna look at your investment in the long haul, just saying.

  I think it is about on how we acknowledge the outgrow of  bitcoin's value, as it has showing gradual pump that enlighten our mind to create our own deliberation on dealing the consequences. Due of high market volatilization, we can't determine what are the possible conclusion of its value, but I don't have any doubt that bitcoin will exceed approximately profitable. And I prefer to act proffesionally for every consequences may outcast.

actually most people who understand the market a little bit, saw it coming. in fact this was long overdue and was expected to happen a while ago so it is even a little late if anything!

neither, an "investor" who didn't buy bitcoin
* when it was at the bottom and all the signs was telling him that price ($3100) is a great discount
* when the accumulation phase started and volume was high in $3k range and was a signal to buy
* when the rise began and price started going towards $4200 resistance
* when the breakout happened and he still refused to buy bitcoin for whatever reason
*....
such person is not called an "investors". i would advise them to stay away from the market and don't waste their money because they clearly can't see the signals. their first step is to stop listening to FUD online which was probably the reason whey they didn't in all those above cases, and to learn more about bitcoin and its future and its potential. and second step is to learn more about the market by looking at the history of bitcoin that how the same scenario keeps repeating and how same FUD discourages people from buying when price is clearly below bottom (under-priced).

The answer depends on your situation, if you are in kind of needy situation then start selling but as much as possible, don't sell all you've got. Decide for yourself if you want to short few amount of BTC you have and still continue to hold for long term.

Actually, that will be the suggestion of others I guess. Sell if you need cash and hold if you don't. That's it or if you're a trader, you sell now and wait for a dip and buy back. Depends on your strategy as well.

This month is really positive uptrend month so better buy and hold for this month you can earn good profit. But do want you more profit you can buy trading site and monitor your Bitcoin or altcoin because you can change at any site so you can earn good profit.

Its better to give updates about crypto rather than just telling them to buy or selling. Its best to let them do the decision making this will help them to be a better investor.

I don't think anyone here will be able to provide you the best possible move from current levels. If you haven't bought in yet, use a small fraction (max 25%) of your balance to buy in right now.

If you bought in well under current levels, then the same applies but in the opposite direction. Secure a small fraction just to have some fiat aside for when the price tanks, that way you'll end up with more Bitcoin.

with BTC crossing $6k dollar this month, which most persons didn't see coming this soon. will you advice an investor to buy more or sell at the current price?