Topic: crypto (Read 262 times)

Of course but people massively over-estimate the value of apparent patterns and the likelihood of them being repeated.  Take the current situation as a perfect example ... in all previous halvings, the price has tended to go down approaching the halving and only to rise significantly quite some time afterwards.  However, this time we have had a very significant rise (including a new ATH) beforehand.  I didn't see anyone predicting a new ATH in early 2024 six months ago.

We've only had three halvings and three data points is just not enough to give future predictions much certainty.

Market players are still very enthusiastic at this time and they also know that it is also a mechanism to reduce Bitcoin's inflation rate. For today, it's best not to sell, first the race has just begun and if you enter the market just to return the capital you put in previously, what do you do?

We need an estimate of the value of our assets son, it's not balanced and most of us lose money in trading. Yes. The Bitcoin Halving is only 37 days away and there are lots of rumors appearing both in the media and other information saying that the price of Bitcoin is predicted to fluctuate, in my opinion just let it pass and just hold on for now, focus and pay attention to the graph, if it is pumped high, it's not like Usually you just sell it and usually it's close to the schedule.

^^  


Everything is a guess if you want to take it to the extremes but estimating based on experience and historical patterns is far more justifiable.     It should be observable that gains are far more likely to occur after halvening then before.  

If you consider the actual change itself, a constriction of supply though its increasingly slight now vs the first early halvening.   The changes are after the event, each new block gives a lower block reward so only after a year of that change can we say it adds up to something bigger then a tiny amount difference in BTC expected circulation.

Simple advice applicable to almost any market based price is buy the rumor sell the news.   If you simply transferred that advice here you would sell the halvening.   People who've been around will tell you not to now because most gains will accumulate after in that change.    The news of halvening is not news, its been known a while and speculators already included it in the price ahead of the event so this is the rumor type movement.

In BTC what actually matters more is the effect of the news, experience shows its best to wait not jump the gun as if the change, its positive effects are all immediate; that is dead wrong.  Its quite fair and reasoned to say a hold now is best.

Welcome noob. Here's a piece of advice:

Please don't refer to Bitcoin as "crypto".

That's like calling someone an animal. Of course people are technically animals but most people use the word "animal" to refer to sub-human species.

Bitcoiners use "crypto" to refer to sub-Bitcoin cryptocurrencies.

You're always welcome OP, that is why we are here to share ideas together to ensure everybody in the forum is happy with what they are getting from the market, but if only one person is the one surviving from the crypto market, it will make other people not to have interest on crypto investment.

I believe the advise people gave to you on this trend, make you to visit the market to take your profits from the bull run because the BTC price is coming close to $70k and the moment it get to $70k, I guess people will begin to see changes in the price of BTC that will make people to believe that bear season is very close to the market.

hello thank you everyone who responded to me =)

Depends,

1. What is your entry price when you invest on bitcoin?
2. Do you need the money right now?

There is no such requirement to sell, but if you're looking to make more profits, then it might be better to sell after the halving.
Or like the rest of us here, waiting for at least 6 digits as this is the prediction, $100k conservative estimate, but then there are who also see extremes like going $180k-$200k. Best of luck on what will be the decision, we can also give you that advise, still up to you to decide to sell or wait.

If you are in need of money for medication or any important matter then what's more important to you? Life or money? But if you're not in that type of situation, ask yourself if you need that money now and what makes you hurry to sell? Since you've mentioned to wait for the halving then we'd all say that it's the latter. The halving isn't there yet and all you need to wait is for it to happen and then let Bitcoin move on its own for the next several months to come up to next year. If you sell now, are you going to regret when you see the price of Bitcoin soars? For sure that you will because many of us did but the difference is about the usage of the profit and where you allocated that. If it's with a great purpose, no regrets and sell at any time you wish.

Simple: Sell when you need money, HODL when you don't.

It is certain that many people will advise to hold it because it will be a little closer to the bullrun moment that investors are waiting for, including those of you who are still holding it.

Let's be honest: It's a pity to sell now considering the price has risen by half, will you be desperate later? Think about it again, I won't force you if your financial pressure is urgent in the near future so do what you think is best.

I’m actually a newbie, but I do have few knowledge about the present condition of bitcoin, please wait until bull run it’s over that is 2025 then you cancel if there is any way you come avoid selling or maybe you need money or something I would advice you not to sell for now keep your bitcoin, store it, you would definitely smile at the end and obviously Bitcoin we eat more than hundred 100k

If you can wait wait for not just halving but wait till when the price have done at least 2 times from its ATH, that time you will be rest assured that you have killed the big fish because the reward for your waiting will really be swimming in your wallet.

Sometimes during the halving period or just after the halving their is always some price drop in bitcoin which can lead to you not getting the profit you are expecting to get from it, like the price might even drop below what you have seen it to be at.

But after sometime we are likely to see the market move in a positive direction again, so if you are not in a hurry to make use of the money just hold the bitcoin till when the price have reach at least $150,000 which is certain by 2025.

The title of your post and the body are not in agreement. Maybe you should do better in choosing a title for your post, as a newbie it will help you learn and grow in the forum. To put it right, crypto is not the right word to use in describing Bitcoin and I doubt if such word is right even though it was developed as a short form of saying cryptocurrency. Using that word to describe Bitcoin is totally wrong because Bitcoin is popular enough to retain its name.

Talking about selling, why do you want to sell your Bitcoin now when we have BTC halving next month? I do not see any rationale for doing so because it could actually make you miss out on the bigger moves. Now is never the best time to sell unless maybe you have reached your targeted price.

Actually it depends on you that are you accepting little profit or are waiting more for more profit. You can sell at 62k$ after calculating your profit based on your buying price but if you wait more until halving then it will be more suitable for you.

We don't know that what will be the new ATH but there is a prediction made by expert that price will touch 100k$ which implies to the fact that you should not sell your bitcoin now and wait to achieve the benefits from new ATH price.

it's up to you whether you want to sell now or not. if you are impatient and want to make a profit quickly, then you can choose to sell your bitcoin now. however, if you are patient and want to get more profit than you currently have, then you can hold off for the next few years. because the price of bitcoin is predicted to be higher than it is now and holding it any longer is a pretty good decision.

There are two possibilities as price either breaching the previous ATH and yielding more profits if you hodl on for a while or it dropping down as a market correction but remaining stable around the current price is difficult due to the events lines up. In order to not regret selling at lesser if market pumps or regretting that you could have sold if market drops. I would suggest to place a SL order in case if this is something urgent or emergency but if that's not the case then hodl up till bull run.

This is not an advice but just a thought what I would have done in this situation.

If your have no financial pressure you can hold your asset and cryptocurrency like BTC believe in the long term potential.Holding strategy might be beneficial for investors and aligns the value of asset must increase over time.

Bitcoin halving will take place in April 2024, just 52 days away. If the halving takes place Bitcoin price is likely to be dumped so we should be patient for now. Bitcoin market dumping occurs after or before every Harbin, creating opportunities for investors to invest. An opportunity arose at the end of January when Bitcoin came to $38k from $48k. So for those who haven't bought bitcoins yet there may be an opportunity (don't know if it's true) but that will have to wait. Bitcoin fertilizer market in 2025 is likely to see the highest Bitcoin price growth in this market. which has evidence of earlier halvings.

You tell us — why do you need to sell so hastily for? If it's something very important, then go ahead. But if you're actually here to "invest", then why sell immediately? And why ask as if we know for sure what's going to happen in the future lmao.

Is the profit needed now because of an urgent event? If yes then please sell but if you can still afford to HODL why sell before the halving?

We know it will soon be a bullish moment in the next few months, this is a guess if you believe in the prospect of bitcoin rising then wait and it won't be long, but it's back to you where you decide.

We will continue to HODL until the price really touches ATH again. This we will wait for.

I will advise you to sell your BTC in this current price because, you don't know what will happen next to the market and it can make you lost plenty profits but now that the price of BTC has hit $62k, why can't you take profits and wait for bear run to come before you can buy again to accumulate your profits in the future.

I don't know your target in this bull run, but if you are looking for big profit to earn in this season, you have to wait till next month and before then the price will hit $100k and it will allow you to achieve your target.