Topic: Do Not Sell! Don't Let The Whales Get Your Precious BTC! - page 4. (Read 1321 times)

Some people just sell their Bitcoins during the bullish season and getting back when the market just dumps. They are in huge profit and definitely, they are happy but for those who just sell during a downtrend, that sounds regretable unless if it is necessary or they are badly in need of money.

As I consider Bitcoin for long-term investment, I certainly not to sell them but to hold them. However, we can't influence others to do the same if they don't have the same mindset like us.

One day they will regret selling bitcoin now because it is not for basic needs but only for worries or not ready to risk the impact of market movements. I really appreciate you maintaining 1 btc long term even up to $1 million.

Long term or short term it doesnt really matter because we do all aim for the same goal which is to make profit and just like what you said on where Bitcoin do really surprise us on lots
of ways and we never anticipated that it could really reach out those kind of numbers on just a decade considering on how much its value when its just starting or doesnt really have
value at all and now we are 30k in price and hit up that ATH of 60k. When you are bullish with bitcoin then for sure you would really be accumulating as much as you can since
you do know the potential income that it could give but of course we should always be putting up into our minds that risk is always there.

Yeah. History has taught us that bitcoin can be worth a lot more than it is right now. We already saw indications of that earlier this year.
As for just how big the gains could be, there’s no way to know for sure. But the numbers are starting to pile up. It is a super high risk investment, but so are all other investments. Bitcoin at least has a history of exploding in price.

No, I don't sell at all. If anything, I try to buy as much as possible when prices are low. I am still a long-term bull on bitcoin.

Yeah if you don't need funds urgently then never take your coins out because you will regret that in time.
1bitcoin is still 1 bitcoin and this is what Holders must understand.
I don't know why people still doubting the capacity of bitcoin when just few months ago the value of this coin skyrocket to the highest people has even see.

Yes, I'm excited to read this. however, I'm still holding back at this point. although it's quite a panic to see prices continue to decline, but I really believe that every year, every month, and day, definitely provides a different opportunity and potential for crypto. I'm really waiting for the next pump.

I agree with this view point. Due to market turmoil or some negative news, too many newbies are selling their bitcoins. This is still a consensus issue. The future of Bitcoin is full of hope, so please grasp it. Under the demand of the market, Bitcoin will definitely return again.

Selling everything you hold is surely not advised as if we keep on holding, the stability will increase in my opinion which will help in achieving a new high gradually.
While trading I do have to sell and buy repeatedly making small profits which I usually take out to spend or use to buy some altcoins.

it is easy to say but don't be hypocrite that you also sell whenever there is a dumping season comes because that way we can make our holding more bigger.

Imagine if you sell High then will buy again low sometimes the volume of bitcoin can be doubled..
I've been there twice that's why after 3 years my funds got bigger and bigger since 2018 .

The whales have had a very bad effect on the market they are throwing their babies in despair and everyone is selling their bitcoins in panic everyone has to take up the challenge for bitcoin in crypto no matter how badly the whales are affected they should not be sold. The bull run at the market will come back again the prices of currencies have started rising again.

I think there is a decent tradable assembly coming. Between $34k to $35k a Bitcoin is not a bear market at least, still possible there will be another dip but it’s also possible there is a bullish signs. I'm not facing the challenge of purchasing more right now neither to sell out. I think whales likes to get in cheap, so they knocked it down now all the traders are shorting.

Part of the price is the readily available BTC so people play a large part in the price they see determined in the balance between buyers and sellers.    Of course the crowd rushes up and sells just as rapidly on the way down, once that party has concluded its dance its more a game of patience and that's where we are now.
   I do think its a fairly easy conclusion that BTC is in a range, we can easily trade down from here with 50 day momentum declining still it could be the default option almost but that force of selling is more short term then the appreciation of BTC year to year and I remain bullish on the wider time frame.   A trader has a quite different perspective from those who are just happy so long as the price comes back up at the end of the week, so far for some time now that's been happening as the price dips and returns roughly back to where it start with a resilient buoyancy to it.
   Until we break this range either way there is no real conclusion occurred just trades back and forth in equal and opposite speculation.  There is a stream of negative news that's the point in favor of selling but also I think a dip lower will be quite brief and more an opportunity to buy, I think this of many markets opposed to Dollar strength because the DXY or dollar index is so repeatedly weak and they cannot easily fix that fault.

We can't stop people to sell their Bitcoin because they also have the reasons.
-need of money
-worried
-shift to altcoins

These are the common reason but I let people do that because whales will take good care of their Bitcoin. This is really how the market looks like and we can't hide that manipulation still strong and many people are riding into this.

because though I have 1 BTC in my wallet, I don't hesitate to sell it if really needed. 1BTC=$1mil, I would let it go.

The greatest benefit of this is that there is two walls getting built at the same time at lower levels and that is what really matters. One is stop loss, which is when the price drops to a certain level people end up selling their coins at that price, warns their exchanges in a way, like "if it reaches 32k, sell all my coins to usdt" for example, that kind of works if there is a crash, but if there is something like what happened recently, it hurts them because they sell and price goes up.

Second one is people who buy at lower levels, saying "buy bitcoin at 32k with all my money" and they end up buying as much as they can afford to which allows bitcoin to go up. So long story short the longer we stay here, the higher those both numbers go up, and when the buyers end up becoming more than sellers? Well that allows a huge wall that will stay there for a lot longer than what we had before.

Holding your btc token today I guess is not far different from holding a token wayback when bitcoin is on its lowest value but i guess whats different now is there are more whales get to be interested in bitcoin and the fud slingers are doing their best to make btc hodlers sold their bitcoin token. If you have any other source and option than selling hour btc now i bet you must spare your idea of selling your btc now, btc were already gone so far, it has been able reached a $64k and I bet that theres more good price awaits for bitcoin.

I have been hodling those bitcoins for about 6 months back in March so I might as well earn some money out of it because it's not like bitcoin is going to go up forever knowing that it's as volatile as it was back then. You are right that you should make a goal before selling because without one, you will get lost along the way.

correct.. There's always a good days with bitcoin,  so we should understand the situation because it's just a temporary indeed. And weak hand is always a loser so remember that if you want to succeed.. Even in our daily lives we experience a bad day so how much more with bitcoin wherein had a million supporters with different attitudes especially when there's news poping up?.  So we need to understand the situation..

Good timing for you if you managed to sell your asset during that period, the market still volatile

and without certain goals, your chance to bring something out from the market  is really slim, you

need to point your target and make sure to have a good overview of the incoming market, from that

point your chance to sell with good value is very high.

That is if you have a goal of short-term which is going to be different from those that have a long-term goal like @virtualdn who has been hodling for a long time. I did get my share of profit when I sold above 50k so I don't mind hodling for a really long time on this one.

When you have been holding your coins for so long it becomes easier to do it not only because now you have been doing exactly that for a long time, this is also easier because your entry point is so far away from the current price that even this drop is nothing for you, but for the new investors that just came to this market this is a difficult time to hold their coins especially if they bought when the price was above 50k, however if they can overcome the impulse to sell and hold their coins for 6 years then they will be in the same situation as you are right now in which even a significant correction will not bother them.