Continue to Hold your bitcoin - page 4.

OrangeII

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Quote from: ningrum on June 08, 2020, 12:49:34 PM

right now for me, I still hold Bitcoin, but if the price of Bitcoin falls below $ 9300 it looks like I will sell it,
because the potential for falling down is huge, so be careful

good for you. but you should undo your intention to sell when the price is below that price. however, the potential price of bitcoin reaching prices above $ 10k is huge at the moment. it's just that we haven't seen that the price is really stable. but, it all depends on your decision. however, the price is currently quite close to $ 9300.

STT

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Quote

bought literally at the biggest place, yet for some reason dude gave up and sold in 2018 when it became 6 thousand dollars,

Theres two arguments there, dont be too guided by the fizz on a drink its only the substance that matters and it moves far more slowly. The other would be moderate your buying and temper your selling, dont overbuy unless your direct intention is to trade and you somehow have a skill in this way. The best bet for the average person is to average their buys, if you are bullish BTC in 2020 then buy over the whole year, you may be correct but it might take until 2022 to come true we dont know. If we can buy over a year and then sell in a similar stepped way it vastly increases our target area and enables us to be correct in a more general way, unfortunately we all gamble a little too much.
THere is one certainty, BTC is volatile and anything to mitigate that uncertainty is going to improve profits quite easily.

Stedsm

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I believe BTC has given us an opportunity since the day it is being traded over leverage. I think holding will just breach that opportunity as even not selling means the chances are, a pump up can shake the entire market volume. If miners are not selling, a huge storm is about to take place, be it on the upper end or the lower direction. There are 2 probabilities:

- If miners don't sell, BTC price will be sideways and rise in a few days
- If miners sell, they'd sell just to survive as it's not so easy now to be able to survive after this pandemic. This will trigger a big sell-off.

Whatever it will be, I believe we should take the advantage of this opportunity because if the price rises, this opportunity will still be there but the gain % that we are getting nowadays will be much lesser.

KTChampions

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Quote from: eskider on June 05, 2020, 02:31:12 AM

The supply of bitcoin has recently hit a new low for the year, this means there are fewer and fewer people selling bitcoin in the market. Although the demand has not increased significantly, but at least this position is hard to see a big Callback*.* So even if you are not bullish at this position, do not easily bearish, otherwise it is likely to reverse the direction.

https://imagizer.imageshack.com/img923/1963/s0zsDy.png

At the same time, the sales volume of miners in the past month has also decreased significantly, setting a new low of nearly one year, which is also one of the reasons for the sharp reduction in the supply of Bitcoin. Miners no longer sell bitcoin, the future bitcoin price is more likely to rise. From the historical data, bitcoin prices and bitcoin supplied by miners to the exchange show a negative correlation. In other words, the less bitcoin miners transfer to the exchange, the greater the probability that the currency price will bottom out. On the contrary, the currency price will fall.

https://imagizer.imageshack.com/img922/7149/gWk4s0.png
Yellow is the miner's deposit, and black is the price of Bitcoin

Therefore, it is recommended to continue to hold bitcoin, stay on the sidelines, and do not easily sell out.

Where did the data that we see in the first picture come from? They look very doubtful and I would like to look at the methodology with which they were obtained. In addition, the interpretation of the data is important - we can say that fewer people sell bitcoin or we can say that the trading volume/interest in bitcoin has decreased. All this is very subjective.

ningrum

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right now for me, I still hold Bitcoin, but if the price of Bitcoin falls below $ 9300 it looks like I will sell it,
because the potential for falling down is huge, so be careful

Farma

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Quote from: Smitty Werben Man Jensen on June 07, 2020, 09:36:42 AM

Hold better now, but if the price of Bitcoin drops deeper at $ 9,000 then sell it,
because $ 8000 is likely to be achieved, hopefully the price of Bitcoin is still Bullish

for the time being, I don't think that the price of bitcoin will decrease to $ 8k. however, I feel that price developments are more likely to occur than decreases. if I have bitcoin, I will continue to hold it, because I am pretty sure the price can reach $ 10k in the near future.

roman100

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Hold the Bitcoin price crashed down into the $6,000 because of the highly leveraged nature of the cryptocurrency market and the unwillingness of buyers to step in amid extreme volatility and uncertainty. Money attached to a cryptocurrency, so there are no coins or notes, only a digital record of the transaction. if you're looking to buy or invest in Bitcoin or other types of cryptocurrency, you'll have limited legal protection and a high risk of losing some or all of your capital.

carlfebz2

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Quote from: Oceat on June 07, 2020, 01:35:50 PM

Quote from: Smitty Werben Man Jensen on June 07, 2020, 09:36:42 AM

Hold better now, but if the price of Bitcoin drops deeper at $ 9,000 then sell it,
because $ 8000 is likely to be achieved, hopefully the price of Bitcoin is still Bullish

Nah, it's just a wild guess you are doing without any proof if the price would likely to drop at $8k if it starts to touch $9k. I would take my chances to actually see the $8k first before doing anything because I am certain that the price would actually gonna bounce back for some reason. This is how I see the Bitcoin market moving that's why it is so volatile and that volatility also is helping me to take a risk.

It doesnt matter if it drops nor increase, the thing here is that you do able to sell it off when you are in gains then re-buy when you do saw that the price had some correction and as you said bitcoins price do always have that recovery after its being crashed in talks into its price.

You can hold, yes! but this one is only pertaining to those who go for long term and we know that not all would really have this kind of method on making profits towards volatility or price movement.

Just like me on where i do held of some coins and there are coins which are used for short term trades that can give out short term profits.

Oceat

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Quote from: Smitty Werben Man Jensen on June 07, 2020, 09:36:42 AM

Hold better now, but if the price of Bitcoin drops deeper at $ 9,000 then sell it,
because $ 8000 is likely to be achieved, hopefully the price of Bitcoin is still Bullish

Nah, it's just a wild guess you are doing without any proof if the price would likely to drop at $8k if it starts to touch $9k. I would take my chances to actually see the $8k first before doing anything because I am certain that the price would actually gonna bounce back for some reason. This is how I see the Bitcoin market moving that's why it is so volatile and that volatility also is helping me to take a risk.

bitgolden

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Honestly if you are not going to spend it on something, there is really no need to sell your coins, why would you give up on future profits when you can just wait and get them? Sure I get it, sometimes there is something important in your life that you suddenly may need some money, that is expected and understandable. However, if that is not the case and you just "give up" there is really no meaning to it.

For example I had a friend who got hyped about bitcoin in 2017 peak times and bought literally at the biggest place, yet for some reason dude gave up and sold in 2018 when it became 6 thousand dollars, whats the point of selling at that price level if you are not going to continue, not like he bought cheaper later on or something, he just gave up and never did anything with bitcoin, that really doesn't make any sense.

Smitty Werben Man Jensen

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Hold better now, but if the price of Bitcoin drops deeper at $ 9,000 then sell it,
because $ 8000 is likely to be achieved, hopefully the price of Bitcoin is still Bullish

Slow death

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Quote from: Kayodewap on June 07, 2020, 01:23:56 AM

Yeah I think that's best thing to do. But it all about patience. With time BTC price will surely go up

talking about having patience, the news channels related to bitcoin are very anxious in the prices these days, it seems that their patience is on the limit mainly because of the several attempts it has had to break $10,000 has always resulted in a drop in price. Now the expectation is whether or not it will break $10500 or fall below $9000 and we will see $ 8000 again.

Quote from: UserU on June 05, 2020, 10:57:56 AM

You're playing on leverage? How much did you lose?

tested it once and lost all the money and never did it again

Latviand

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Quote from: Utoy101 on June 06, 2020, 04:47:06 PM

Quote from: ethereumhunter on June 05, 2020, 06:38:44 AM

I will still hold my bitcoin if the price does not increase so high because I want to make another biggest profit as before. To do that, I will be patient to wait for the price to increase higher, and no matter if that will need more months to see it will happen, I don't mind to wait. But besides holding my bitcoin, I will use some bitcoin to trade to increase the amount of bitcoin that I have.

I believe this is the motive of every bitcoin holder and virtually everyone is very much anticipating for when the market will have another major bull run just like we saw in the year 2017. Using bitcoin for trading instead just leaving it in a wallet seems a lot cool but with how unpredictable the market is, it requires some level of expertise to make some tangible profit during this bear period and let's not forget how many people who have lose almost their portfolio due to trying to quick trade their bitcoin holding. Wish you success man

Yes, I believe we can see bitcoin price will be as what we saw in the year 2017, and it's only a matter of time before that can come to us. It is always recommended to use some bitcoin to trade because that will be the way for us to increase the amount of bitcoin that we have, so when bitcoin price increase so high, we will make a lot of money. But to get a profit from bitcoin trading needs to learn more lesson and not just a basic lesson of trading. If we can get more lesson, and we can practice, I am sure that we will prevent the loses and we will make a profit.

Thank you, and I wish you to be a success too.

Never lose hope and trust bitcoin with all your heart, believe in its ability to reach another all time high again since 2017, if that happened, maybe there's a time where it will surpass that price. It is your choice if you are not patient enough to hold a bitcoin and you want to spend it as soon as possible.

There's always a chance for bitcoin to increase its price depending on the market because it is volatile enough to vary in time. There are factors who can contribute to its changing in price so, you need to study the market to become more knowledgeable about when to buy, sell and hold bitcoin.

All of us want to become successful in the future so let's help each other grow by sharing informative advice or tips for those people who wants to learn more in investing in bitcoin.

Kayodewap

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Quote from: eskider on June 05, 2020, 02:31:12 AM

The supply of bitcoin has recently hit a new low for the year, this means there are fewer and fewer people selling bitcoin in the market. Although the demand has not increased significantly, but at least this position is hard to see a big Callback*.* So even if you are not bullish at this position, do not easily bearish, otherwise it is likely to reverse the direction.

https://imagize[Suspicious link removed]ageshack.com/img923/1963/s0zsDy.png

At the same time, the sales volume of miners in the past month has also decreased significantly, setting a new low of nearly one year, which is also one of the reasons for the sharp reduction in the supply of Bitcoin. Miners no longer sell bitcoin, the future bitcoin price is more likely to rise. From the historical data, bitcoin prices and bitcoin supplied by miners to the exchange show a negative correlation. In other words, the less bitcoin miners transfer to the exchange, the greater the probability that the currency price will bottom out. On the contrary, the currency price will fall.

https://imagize[Suspicious link removed]ageshack.com/img922/7149/gWk4s0.png
Yellow is the miner's deposit, and black is the price of Bitcoin

Therefore, it is recommended to continue to hold bitcoin, stay on the sidelines, and do not easily sell out.

Yeah I think that's best thing to do. But it all about patience. With time BTC price will surely go up

reliable

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Quote from: ragavancoin on June 06, 2020, 08:44:24 AM

In my view point it's better to buy and hold for long term. What ever you have told is right no one are selling bitcoin because we know the past bitcoin price gain more after bitcoin halving so keep watching how bitcoin price will rise this time.

If people do not have much knowledge to trade or skills to trade, then investing is only better option. Now investing in coins will depends upon the risk appetite of a person. If one is risk neutral then should only invest in the btc or ETH etc coins where returns in longer term will be mostly be sure and so would be in short term as well if invested before the rise.

Lorence.xD

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Quote from: Reid on June 06, 2020, 11:49:53 AM

Regarding the bitcoins that are being held by miners, a huge reason may be behind it.
One of them could be waiting for the right time to sell it.
They won't be receiving the same because of the halving so better keep them for now.
But, there will come a time all of those will be sold.

The same goes for the individuals who are keeping it.
Both could be waiting for something and that is a good sign. Grin

Holding your bitcoin for too long is never a good thing in the long run, bitcoin is not like a conventional investment where you hold it for how long you want and you will get a profit, it depends on the prices and people are depending on the growth of bitcoin and the profit they get from selling it, my point is that people shouldn't hold bitcoin for too long, there might be a once in a blue moon oppurtunity but you think that it will reach further but you are betrayed by your expectations then you had hold your bitcoin for nothing, you could have sold it at the oppurtunity but you believe that it is just another spike and you ended up waiting again. My point is that people should learn when to sell their bitcoin and not blindly hold their bitcoin, think for yourself, it is your future.

GreatArkansas

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Quote from: lepbagong on June 06, 2020, 08:07:08 PM

predictions that can be used as a handle, looking at past experiences when halving, bitcoin will move to reach its peak with a year later. so it's possible that bitcoin is still moving down and up in the range of $ 9K- $ 8K. and in time will move slowly to continue to rise until its peak in 2021.

This is also what my thoughts on the post-halving price of Bitcoin, we will not expect a huge price action after the block halving. Hence, we will see it in upcoming months or maybe a year. That's why a lot of people expecting that the year 2021 is another bullish year for Bitcoin which is expected to surpass it's all-time-high.
That's why I am also continue to hold my bitcoins, no matter dumps or pumps happens.
For me, it's good we are not getting a huge pump in just a short period of time, as long as we maintain the supports and not breaking below it, it's good for me.

lepbagong

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Quote from: MCobian on June 06, 2020, 11:41:13 AM

If you see that bitcoin performance is getting better, it's better to continue to hold the bitcoin that we have. Because I am sure
bitcoin prices will continue to rise until 2021. So don't sell the bitcoins that we have for now. If you have more money can buy
more bitcoin, so the number of bitcoins that we have can continue to grow. Then when bitcoin prices can reach all time high,
we can make a big profit.

predictions that can be used as a handle, looking at past experiences when halving, bitcoin will move to reach its peak with a year later. so it's possible that bitcoin is still moving down and up in the range of $ 9K- $ 8K. and in time will move slowly to continue to rise until its peak in 2021.

Utoy101

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Quote from: ethereumhunter on June 05, 2020, 06:38:44 AM

I will still hold my bitcoin if the price does not increase so high because I want to make another biggest profit as before. To do that, I will be patient to wait for the price to increase higher, and no matter if that will need more months to see it will happen, I don't mind to wait. But besides holding my bitcoin, I will use some bitcoin to trade to increase the amount of bitcoin that I have.

I believe this is the motive of every bitcoin holder and virtually everyone is very much anticipating for when the market will have another major bull run just like we saw in the year 2017. Using bitcoin for trading instead just leaving it in a wallet seems a lot cool but with how unpredictable the market is, it requires some level of expertise to make some tangible profit during this bear period and let's not forget how many people who have lose almost their portfolio due to trying to quick trade their bitcoin holding. Wish you success man

Reid

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Regarding the bitcoins that are being held by miners, a huge reason may be behind it.
One of them could be waiting for the right time to sell it.
They won't be receiving the same because of the halving so better keep them for now.
But, there will come a time all of those will be sold.

The same goes for the individuals who are keeping it.
Both could be waiting for something and that is a good sign. Grin

Topic: Continue to Hold your bitcoin - page 4. (Read 1504 times)