Do Not Sell! Don't Let The Whales Get Your Precious BTC! - page 5.

Kez1817

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Quote from: ?? on ??

I'm doing this for a completely different reason. To continue to make a profit even in this difficult time.

Strong hands will not give up easily because of sudden market decline. Instead, they will hold tight and add more coins to gain more profit in the future. Wise men always think positively no matter what the market condition is.

AicecreaME

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I agree with you. The crash is just normal especially in bitcoin given its volatility rate. I wouldn't be surprise if today, bitcoin's price is down the hill and then tomorrow it will rise up again. It's just the usual phase. Normal trend of bitcoin during the day. We shouldn't be worried so much. Bitcoin has already proven its potential over the years until today. We have so little to worry about because bitcoin has a promising history.

You just need to learn and do proper data analysis in order to have a successful trade as well as to decide on what coin to invest in. I really do hope that its value will continue to go higher on the next few years.

Xinarae*

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Quote from: ?? on ??

I'm doing this for a completely different reason. To continue to make a profit even in this difficult time.

This is a very difficult time for the market as no one is able to predict its future in the right way. The prices of currencies go up but go down again I think you have to hold on to positive thoughts and beliefs if you sell it you are often at risk.

Lorence.xD

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Probably if you are sure that the prices are going to go much lower than that, I think selling and then buying back when the prices go much lower is going to be a good thing, hodling alone won't help you unless you have other ways to make money.

perfect999

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Quote from: virtualdn on June 22, 2021, 09:35:52 AM

Now it's raining but good times are ahead. If you look at the whole picture BTC is doing great and I'm sure we will see BTC at $100k and beyond. But for now you need diamond hands, HODL! The weak hands will be lost along the road. Being rich is not for everybody Cheesy

Remember, 1 BTC is still 1 BTC!

Yes, it’s best to hold. If you invested in Bitcoin when it reached ATH and you’re currently at loss now, the best thing is to continue with your hold. I don’t know how long it is going to take, maybe one year, two or even four years during the next halving, but one thing I do know for sure is that the price of Bitcoin is going to get back up again and just like the op has said, there is a good chance that we would reach up to hundred thousand dollars then.

And come to think of it, if you’re someone that bought at highest price this year and then market crashed. If you sell it now, what exactly do you gain? So there is no need of selling it, it’s best to just continue with the HODL and leave the assets there until the market is fully recovered and you are able to recover all your losses.

kawetsriyanto

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do not sell if you are in a panic condition and if you are lost by selling.
But, if you have reached your target profit, why not?
Some people may have BTC as a long-term investment, that is why they will not sell their BTC during their target or plan.
However, some people may be selling them if they are day trade, doing cut loss to get another chance of profits from another trading.

So, basically, selling or not the Bitcoin will depend on what kind of you are in BTC.
And of course, back to the first sentence in this post.

pixie85

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Quote from: A62662 on June 22, 2021, 10:21:37 AM

Its not an opinion. He is basically begging you not to sell. In other words he would like you to lose even more money. When you have friends like that, who needs enemies.

LOL are you for real?

If you bought high and watched it go down to 50, 40 and now 30 thousand, the worst thing you can do is sell now. I know it's hard to comprehend if you're full of negativity but it's the truth.
When you trade you have to make decisions fast and don't let emotions guide you. Selling when something lost 50% of its value is always a bad idea and even worse when its fundamentals are intact and the loss of value comes from someone's tweets and media spam.

dunfida

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Quote from: jahepahit on June 23, 2021, 05:49:23 PM

fud is playing out now and its purpose is to make people sell off even at loss. its not the first time this will happen. selling at loss is not advisable all you need is just to have patience. holders will win with patience.

Weak hands got easily fool onto this fud which I believe being spread by some whales who has the right power to control the market. It's just enough to flush out those who can't hodl and I think that's the time whales do get their profit by eating those small fish bitcoin.

If you ain't gonna need the money you don't sell your bitcoin just because you see a bad news again. You do know that it's always the same since the price of bitcoin is in three digit, right? This is how whales did to eat the small fish a very weak hands investors.

jahepahit

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fud is playing out now and its purpose is to make people sell off even at loss. its not the first time this will happen. selling at loss is not advisable all you need is just to have patience. holders will win with patience.

Smartvirus

legendary

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There would always be those that would sell, the market needs constant liquidity for it to be stable though, this is not a case for bitcoin as there are those that would always take either side of the market. What really matters much is, what's your purpose of selling when you sell. Is it due to the FUD that keeps coming around at random or you have some pressing needs that unavoidably needs funds, the kind of funds that you can only source from your bitcoin or crypto investment. With that being that, it might interest you to note that, selling due to the FUD is one way to be on the losing side because, there would always be FUDs around. Its a strategy for the whales, promoted by government and related agencies at times. Hence, you playing along makes you there puppet. Don't sell, hodl your precious sats and get ROI on due time.

Dewi Aries

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Diamond hands in here, i think something like this shouldn't made us panic. But if that people buy in really high, i think minimize loss strategy still can really help to do to made at least our ROI price is not at what price we bought at first. Well, mostly control emotion really needed in situation like this.

AniviaBtc

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Just hold and wait for the price of bitcoin to increase so that you can make it profitable, don't make yourself become influence or scared by whales.

If you know how bitcoin works then you will surely just store it in a hardware wallet so that you can secure it.

Hoping that people will see how important and effective holding is if you just want a good investment strategy without huge risks compared to trading.

maju69

full member

Activity: 1008

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I agree with you, indeed we can't sell BTC, it only benefits the whales. because that's the moment they take advantage of. and finally right too, slowly BTC recovered. we just need to be patient and mentally strong so that we are not easily tempted. it could be that the FUD that has been developing since the beginning of the Chinese regulations that stopped mining is at the same time the FUD that is used as a tool for institutional whales to make big profits.

pawanjain

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Nothing lasts forever

Quote from: seoincorporation on June 22, 2021, 10:32:38 AM

Quote from: virtualdn on June 22, 2021, 09:35:52 AM

...Remember, 1 BTC is still 1 BTC!

But isn't the same 1 BTC at $29k than 1BTC at $60k.

The problem here is the coin can keep crashing, and that will represent a bigger loss, we must be wise and pay it with the brain and not with the feelings. If we know it will go don, then sell to buy later is the best move. But in cryptos we can't predict the future, so, grab some popcorns and enjoy the drama.

It definitely is the best move but that's the catch. We can't easily predict if it will go down.
"Most" of the people think it will go in some direction but then the market always goes opposite and then the people sell in loss.
But then again, that's exactly where they tend to do the biggest mistake. Selling in a loss is the biggest mistake.
We only lose when we sell in a loss. This is why what OP mentioned is accurate. We need diamond hands to hold so that we can get the profits in the long run.

Dread Pirate Roberts

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Quote from: virtualdn on June 22, 2021, 09:35:52 AM

Now it's raining but good times are ahead. If you look at the whole picture BTC is doing great and I'm sure we will see BTC at $100k and beyond. But for now you need diamond hands, HODL! The weak hands will be lost along the road. Being rich is not for everybody Cheesy

Remember, 1 BTC is still 1 BTC!

For long term investment hold bitcoin is a good investment. but nowadays people also like short trading. if I myself now keep daily trading but if I am required to hold long term I can do it. the key remains consistent even in a loss condition.

finaleshot2016

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Quote from: virtualdn on June 22, 2021, 09:35:52 AM

Now it's raining but good times are ahead. If you look at the whole picture BTC is doing great and I'm sure we will see BTC at $100k and beyond. But for now you need diamond hands, HODL! The weak hands will be lost along the road. Being rich is not for everybody Cheesy

Remember, 1 BTC is still 1 BTC!

The one who's spreading too much in social media and any communities are the whales because they want to take advantage of this and earn a lot of profit. Rich people are getting rich because they're too wise and planning this to gain more wealth. All we need to do is just HODL and wait for it to recover because if we sell, the cheap price right now will just be take over by those whales in the crypto market.

bryant.coleman

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What's going on in the cryptocurrency market is just crazy. Despite some important breakthroughs, the exchange rates seems to be going down. For the first time in the history, Bitcoin has been made the legal tender of a sovereign nation. I was expecting that the exchange rates would go up by 5x or 10x after this news. It was disappointing to see the correction instead. I would rather blame the mentality of the users. They simply refuse to learn from the past incidents. I just can't believe that the China FUD can have such an impact on the market, after all these years.

cotton ball

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Activity: 1288

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your advice is very reasonable and helps us mentally, you really support us, with your support, we will definitely stand strong, and will not waver, I personally will really appreciate your opinion, and I will follow your advice,to store bitcoin and don't sell to anyone, because greedy people will do anything to scare weak hands, so they can get big profits..

wahyu wida

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Quote from: lepbagong on June 23, 2021, 09:07:41 AM

Quote from: bocyaj on June 23, 2021, 06:35:10 AM

Great brother.You must be the experience trader.You had a same mentality of mine.Only the new people and less experience guys get panic by the price.But price is different,only experience know the fact,1 BTC is same 1 BTC.The quantity is same,it means when the price reach the high value.It's easy to get all your losing.

experience is the key to it all, maybe someone like you has often been through the hard times that have happened. so that the experience can be used as a trigger, not to do things that are repeated or at least not to panic. because panic behavior will obviously blind the mind to do irrational things again, so that it is detrimental.

quantity indeed will not be able to distinguish it will always be the same but maybe the value it contains is what makes the difference. but in my opinion bitcoin whenever you buy it you can be sure you will profit, because bitcoin will exceed the price when we buy. bitcoin will always increase at any time, moreover especially when buying after correction occurs, highly recommended.

if we sell on a large scale and many other investors do the same, then the price will continue to fall, and this will certainly be used by the whales to be pumped back. and finally they do the same thing again, which is to sell when the price is at its peak, and finally the novice traders spend their money again

lepbagong

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Quote from: bocyaj on June 23, 2021, 06:35:10 AM

Great brother.You must be the experience trader.You had a same mentality of mine.Only the new people and less experience guys get panic by the price.But price is different,only experience know the fact,1 BTC is same 1 BTC.The quantity is same,it means when the price reach the high value.It's easy to get all your losing.

experience is the key to it all, maybe someone like you has often been through the hard times that have happened. so that the experience can be used as a trigger, not to do things that are repeated or at least not to panic. because panic behavior will obviously blind the mind to do irrational things again, so that it is detrimental.

quantity indeed will not be able to distinguish it will always be the same but maybe the value it contains is what makes the difference. but in my opinion bitcoin whenever you buy it you can be sure you will profit, because bitcoin will exceed the price when we buy. bitcoin will always increase at any time, moreover especially when buying after correction occurs, highly recommended.

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