Did you sell off during the 21k price breach. - page 5.

Quidat

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Quote from: AakZaki on January 18, 2023, 01:32:08 PM

Quote from: JoyMarsha on January 17, 2023, 12:09:33 PM

That's how it is when you have a long-term goal of bitcoin. You don't get moved by the price you see until your desirable dream price is reached before you can then decide to sell off your bitcoin. This year gonna be an interesting year for bitcoin holders as we are already at $21k at the beginning of Q1 of the year. Bitcoin might skyrocket more than we expected before the end of this month.

Am quite positive that the bitcoin price before the end of this year might reach $40k or more. Am just hodling and investing the way I can until my dream price of bitcoin is reached. Don't know when but I believe it will someday

Choosing to survive and stay focused on the price you want to achieve is certainly an effort that will not be in vain. We all know bitcoin was able to get through the market crash in 2022. When buying at last year's lowest price, of course, you will get a bigger profit when the current price has risen above $ 20k.
If you predict bitcoin will reach $40k before the end of the year, maybe I can only agree, but the market is still unpredictable right now. Let's hope that it is achieved and even more until it reaches a new ATH again.

We are all hoping for a new ATH as always.Who doesnt really like to see new numbers? specially on peak ones? When you do able to enter when Bitcoins price dipped down on 15k+ price wayback then it wont really be that a bad idea for you to sell out when it hit up 21k or even on 20k price which it is really that a considerable point to secure profits.When it comes to selling decision then it would be entirely be depending on you because not all would really be that confident or simply being that optimistic that it might break out even more higher but lets just be that sticking on being optimistic
on which the price couldnt really be going high enough or certain numbers for this year but no one really knows honestly.

AakZaki

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Quote from: JoyMarsha on January 17, 2023, 12:09:33 PM

That's how it is when you have a long-term goal of bitcoin. You don't get moved by the price you see until your desirable dream price is reached before you can then decide to sell off your bitcoin. This year gonna be an interesting year for bitcoin holders as we are already at $21k at the beginning of Q1 of the year. Bitcoin might skyrocket more than we expected before the end of this month.

Am quite positive that the bitcoin price before the end of this year might reach $40k or more. Am just hodling and investing the way I can until my dream price of bitcoin is reached. Don't know when but I believe it will someday

Choosing to survive and stay focused on the price you want to achieve is certainly an effort that will not be in vain. We all know bitcoin was able to get through the market crash in 2022. When buying at last year's lowest price, of course, you will get a bigger profit when the current price has risen above $ 20k.
If you predict bitcoin will reach $40k before the end of the year, maybe I can only agree, but the market is still unpredictable right now. Let's hope that it is achieved and even more until it reaches a new ATH again.

laurenB7742

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Quote from: DaNNy001 on January 16, 2023, 07:01:32 AM

... But the price of bitcoin surprisingly reached 21k on Saturday and many short time holders saw this as a wonderful opportunity to sell off some of their coins and wait for the price to go low again before buying.

So are we to expect any sudden drop down to 16k again on the price of bitcoin this year or we will going through with this current 20k to 21k mark.?

Even though bitcoin has gone up from 16k to 21k, I doubt that people will sell their bitcoin at this price, as profit is not yet high, and no one is sure that bitcoin will drop back for us to buy with a low price.
Despite the fact that bitcoin has been up, it has not been strong enough to make people Fomo, so I think maybe bitcoin will reach 25k-30k in the bull run, then we can start seeing people Fomo. Then perhaps bitcoin will be able to correct, IMO.

Jating

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Quote from: GreatArkansas on January 17, 2023, 08:56:04 PM

Quote from: TravelMug on January 17, 2023, 08:30:37 PM

It's tempting, but no dice for me, it's too early to sell as the price is still very low. Even if you bought at $15,500 the margin of profit is still not huge as compare to selling your stash in a bull run.
(....)

But if you are not looking forward to a bull run this year, you gonna sell even if you bought at the $15,000 level. For me, I have some Bitcoin that bought around $17,000 and just sold when Bitcoin broke the $20,000 level a few days ago because I believe, there are still a lot of opportunities to accumulate more Bitcoin before this year ends.

There are a lot of opportunities to accumulate, but who knows, maybe it will not present itself like when the price is $15k-$17k. So maybe it's best to keep it and hold for a while.

And I'm surprised though to hear from you saying that people are not looking for a bull run? Because that's what we are looking at right?

You saying that you are not looking forward in 2024/25 ATH and will just keep on selling as long as you are making profits?

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Quote from: DaNNy001 on January 16, 2023, 07:01:32 AM

Not many people expected the sudden rise in the price of bitcoin in the early part of 2023 as speculation i have online and also in the forum have started the bull is not going to be coming anytime soon. But the price of bitcoin surprisingly reached 21k on Saturday and many short time holders saw this as a wonderful opportunity to sell off some of their coins and wait for the price to go low again before buying.

So are we to expect any sudden drop down to 16k again on the price of bitcoin this year or we will going through with this current 20k to 21k mark.?

The price increase from $16K to $21K that is still holding today is an advantage and many people still have the desire to continue to higher prices with the aim of attracting capital.
Those who are still planning to collect more Bitcoin hope that the current situation does not continue because buying at prices like today is different from the acquisition of the amount when buying at $16K and $17k.

Selling some at $21K could provide a profit with the aim of buying again when the price is lower than now. But it is uncertain whether the price will drop back below $17K. I think it is better to hold back than to sell at the current price.

irhact

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Quote from: DaNNy001 on January 16, 2023, 07:01:32 AM

So are we to expect any sudden drop down to 16k again on the price of bitcoin this year or we will going through with this current 20k to 21k mark.?

This wasn't a sudden pump that anybody should be expecting a massive dump to $16k as you have written. This pump was due as Bitcoin has been dumping for so long now that it needed this break and I don't think previous buyer should be selling thinking the market will dump more. Only those worthy of taking profit are those that bought supposedly the last dump to $15.4k.

They can take profits because they should be in good gains by now assuming they bought entirely one Bitcoin or more. The rest of us should use this opportunity to accumulate more Bitcoin and wait for further rise in price. 2023 is going to be a good year for Bitcoin. We won't be exceeding the previous highs but we'll get some good profit, if we start accumulating now.

GreatArkansas

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Quote from: TravelMug on January 17, 2023, 08:30:37 PM

It's tempting, but no dice for me, it's too early to sell as the price is still very low. Even if you bought at $15,500 the margin of profit is still not huge as compare to selling your stash in a bull run.
(....)

But if you are not looking forward to a bull run this year, you gonna sell even if you bought at the $15,000 level. For me, I have some Bitcoin that bought around $17,000 and just sold when Bitcoin broke the $20,000 level a few days ago because I believe, there are still a lot of opportunities to accumulate more Bitcoin before this year ends.

TravelMug

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It's tempting, but no dice for me, it's too early to sell as the price is still very low. Even if you bought at $15,500 the margin of profit is still not huge as compare to selling your stash in a bull run.

There could be some short selling bitcoin, but for sure they are going to be destroyed in this sort of our mini bull run. If they sold they just look at the price, it's not steady at $21k and could be going $25k next month.

GeorgeJohn

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Quote from: DaNNy001 on January 16, 2023, 07:01:32 AM

Not many people expected the sudden rise in the price of bitcoin in the early part of 2023 as speculation i have online and also in the forum have started the bull is not going to be coming anytime soon. But the price of bitcoin surprisingly reached 21k on Saturday and many short time holders saw this as a wonderful opportunity to sell off some of their coins and wait for the price to go low again before buying.

So are we to expect any sudden drop down to 16k again on the price of bitcoin this year or we will going through with this current 20k to 21k mark.?

Actually i knew that 2023 will be a preamble of Bitcoin increment, but it will not fully get to some certain people expectations, so therefore bitcoin have its way of movement and it will be unbelievable that Bitcoin will increase and as well and reverse in the market. I strongly believe that the price of Bitcoin will still Falls if it happened to reach up to thirty thousand (30k) in the market.

pixie85

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Quote from: autumnleaf on January 17, 2023, 10:16:28 AM

Yes, it is true that Bitcoin reached $21,000 last Saturday, and I regret not selling at that price. The market sentiment appears to have caused the unexpected price increase, increasing demand. The price of Bitcoin has increased due to recent successes and related news.

When did you buy your bitcoin? How much did you gain on the recent pump? 15% maybe? Bitcoin is still down more than 60% from its all time high. Is 20 thousand really the level that makes you feel good, like you want to exit the space and be on your way? If you hold 1 bitcoin you've probably made 4 thousand dollars. For me it wouldn't be anything worth moving my bitcoins.

I didn't sell anything for almost a year and I'm not going to sell anything if we fall from this back to 16 or something.
I'm not a wealthy person but I'm here for the long run. I don't see myself ever not owning any bitcoin. If we went to 100 thousand right now I'd still hold some. There's no price at which I'd dump everything.

JoyMarsha

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Quote from: Jawhead999 on January 16, 2023, 09:43:52 AM

I mean, there's still 349 days to go before this year will end, but you're now asking the end year price during this recent pump? we can't even know if this pump is a trap or not, there's a high chance it would go lower around $18K and the price will steady until something big happen.

I'm not selling my Bitcoin for $21K, because I've in situation where Bitcoin is still in $40K, it doesn't make sense for me to sell for half price. Currently, I'm not in hurry to need more money, so I can hold for maybe 2-3 years more.

That's how it is when you have a long-term goal of bitcoin. You don't get moved by the price you see until your desirable dream price is reached before you can then decide to sell off your bitcoin. This year gonna be an interesting year for bitcoin holders as we are already at $21k at the beginning of Q1 of the year. Bitcoin might skyrocket more than we expected before the end of this month.

Am quite positive that the bitcoin price before the end of this year might reach $40k or more. Am just hodling and investing the way I can until my dream price of bitcoin is reached. Don't know when but I believe it will someday

Davian144

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Quote from: autumnleaf on January 17, 2023, 10:16:28 AM

Yes, it is true that Bitcoin reached $21,000 last Saturday, and I regret not selling at that price. The market sentiment appears to have caused the unexpected price increase, increasing demand. The price of Bitcoin has increased due to recent successes and related news.

You don't need to regret if you don't have time to sell at $21,000, because today Bitcoin has increased again and is already more than that price even though it still hasn't reached $22,000. But if this increase continues in the near future you will probably see much better prices than today and you will even see people regretting selling their Bitcoin too quickly at $21,000.

So be patient and hold on to your Bitcoin while enjoying the increasing price that is happening in the market this month. Because I still firmly believe that Bitcoin will be close to the $25,000 price level if demand continues to increase and there is no bad news for it.

autumnleaf

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Yes, it is true that Bitcoin reached $21,000 last Saturday, and I regret not selling at that price. The market sentiment appears to have caused the unexpected price increase, increasing demand. The price of Bitcoin has increased due to recent successes and related news.

bitzizzix

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That's their right as long as selling it is profitable, but it's good to be patient because in the long run bitcoin will be much more profitable, especially in investing. And maybe those who are trading will sell because they may have already made a profit, and hope for another dip to buy back.
everyone has different plans and circumstances and when the price of bitcoin goes up and it is profitable for them some sell and some don't. Because I always treat bitcoin for the long term, so I don't sell it because my ambition is to get extraordinary profits like yesterday's ATH, and I don't really care about the current increase.

Popkon6

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Bitcoin price is constantly going up and down Bitcoin is currently in a volatile position. Everyone likes to see the Bitcoin price go up, but it's normal for the Bitcoin price to go down. We investors always wait for bull market. Bitcoin currently stands at 21,1k. It is highly unlikely that the price of Bitcoin will fall below 15K. Because many people will face losses in the present time. After a long period of this bullish situation, there is a storm of joy in the minds of Bitcoin lovers who see the upside, so we always wait for the Bitcoin price bull market.

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Quote from: Yaunfitda on January 17, 2023, 06:13:20 AM

We will have the catalyst for a crazy bull run next year, so it's better to prepare ourselves today and not just sell our precious bitcoin because someone is willing to scope that at a cheap price we are selling at $21k.

Catalyst yes. Halving will still be dependable for at least the next two milestones, but are we really still banking on crazy bull runs? The last one was (relative to the previous ones) pretty underwhelming and if we expect the ATH-to-ATH percentage to continue in its trend, then we're not even going to see 200% growth from last ATH. That's... as crazy as I'm expecting.

Yaunfitda

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Nope, although I could have made a profit because I keep on buying since the $15,500 price range, it doesn't make sense to sell today because I'm looking for term investment and obviously bigger profits. But I have nothing against for those who have sold at $21k, maybe they need some money or will reinvest it into something.

But for best results, it's better to just continue to accumulate as long as you can this year.

We will have the catalyst for a crazy bull run next year, so it's better to prepare ourselves today and not just sell our precious bitcoin because someone is willing to scope that at a cheap price we are selling at $21k.

CageMabok

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Quote from: BreachOfEuphoria on January 16, 2023, 03:35:29 PM

I sold some when the price was at 18.1K. I did not expect it to go much higher.

Some other positions, i have not sold yet. It would be nice if the BTC price went higher but as other users also mention, I also suspect this could just be a pump.

Actually the pump is not to be expected because it will happen when the time is right or when a lot of people start making repeated purchases on Bitcoin for now. So this is a very common thing to happen to Bitcoin because recovery in price after a dip is not to be expected at all even though it is a shame that you have sold for a while at $18K. Even though you can still get more profit if you don't sell at that price.

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Quote from: DaNNy001 on January 16, 2023, 07:01:32 AM

Not many people expected the sudden rise in the price of bitcoin in the early part of 2023 as speculation i have online and also in the forum have started the bull is not going to be coming anytime soon. But the price of bitcoin surprisingly reached 21k on Saturday and many short time holders saw this as a wonderful opportunity to sell off some of their coins and wait for the price to go low again before buying.

So are we to expect any sudden drop down to 16k again on the price of bitcoin this year or we will going through with this current 20k to 21k mark.?

I have not sold any bitcoin and I do not have any plans to do so as it would be a mistake to sell when the recovery we are experimenting is nowhere close to the previous all time high.

However it is difficult to know what it is the best course of action right now, those performing a DCA strategy do not mind at all what is happening and they are still buying bitcoin as usual, but for those which may like to time their purchases it is not clear which path is the best to take, as they could buy now hoping the price could keep going up, but if this is a bull trap then they will miss buying bitcoin for cheaper prices, but on the other hand if they keep waiting and the 21k level is broken completely then bitcoin will get even more expensive and their fiat will buy even less of it.

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Quote from: Inwestour on January 16, 2023, 07:32:18 AM

For now, it's worth taking a short break and seeing what happens next. I also expect that we will return to lower levels before fully entering the bull market phase.

I agree on this idea. Taking a short break and wait for market movement. If it continues to rise, you can buy and join a new tide. If it falls back and has a correction, you can buy more bitcoin.

Quote

Selling now to make a small profit can be too risky if we assume that the price will not fall, but will continue to rise. This is unlikely, but it cannot be ruled out, now it is better to wait a bit and see what happens next.

I don't consider taking profit is risky. Profit is profit if you take it. If you don't take it and only see it on screens, it is not real profit and can disappear anytime.

People can have different minds. Invest to increase their bitcoins or invest to increase their portfolio in fiat value. I am an investor who want to increase my portfolio in fiat value. It is good for me if I can increase by bitcoin amount too but it is not bad and not risky if I take profit and have to watch Bitcoin rising higher.

I was obsessed to increase my bitcoins in the past and missed many times to take profit.

Topic: Did you sell off during the 21k price breach. - page 5. (Read 903 times)