Topic: Do not sell your crypto! - page 32. (Read 3055 times)

Topics like this are creating all the time but most people still panic-selling. Too bad that only a small part of investors examines this forum.

Selling now is a bad decision you can made - you can only loose

Sell if badly needed, but if you are just panicking better not to do it. Cryptocurrency is worth holding for and if you just can’t wait for the bounce back you will probably incur some losses because of being impatient.

Bitcoin’s pending “death cross” has left investors worried and confused.

According to a graph posted by Bloomberg, the 50-day moving average is getting close to the 200-day moving average. If it touches the latter, or worse, goes below it, bitcoin will suffer a great loss.

Considering these trends and comparing these activities to BTC’s price in 2013, technical analyst Paul Day from Market Securities Dubai Ltd., has claimed that the value will eventually drop to $2,800. “There’s been a definitive shift over the past couple of months after the bubble activity at the end of 2017,” said Day.

2013 is often remembered as one of the worst crashes in BTC history. First, the price dropped from $233 to $67 in April, a 71% drop in 12 hours, then the price remained extremely volatile in the last two months. It broke records on Nov. 30, 2013 with a value of $1,126, but declined by 19% within 24 hours, only to recover on Dec. 5, 2013 to $1,155. The price kept decreasing by 41% and increasing by 47%, before dropping to a surprising value of $503 on Dec. 19, 2013. From an all time high of the first week of December, the price had declined by 56%. The price drop was such that it took bitcoin over three years to finally cross the $1,000 barrier again.

Day isn’t the only analyst predicting a low value for bitcoin in the future. Robert Sluymer, technical strategist at Fundstrat Global Advisors, wrote that “Bitcoin will begin to show evidence of bottoming short-term closer to $5,873.” Charlie Munger, Vice Chairman of Berkshire Hathaway Inc., has openly called bitcoin “a noxious poison”. Munger also called it disgusting and said that he hated it ever since it was created.

Meanwhile, bitcoin bull John Mcafee predicted that the price will reach $1 million by the year 2020. Even Jamie Dimon, JPMorgan Chase’s chairman and CEO, who previously called BTC a ‘bubble’ has amended his statements. “I regret making comments saying Bitcoin is a fraud. The blockchain is real. You can have crypto yen and dollars and stuff like that, ” said Dimon.

I agree do not sell your cryptocurrencies at a lost.
The market will recover and you will be glad that you did not sale your crypto.

Well its is a right suggestion, but let me add something and this is for everyone that feels hard to overcome their psychological impact because can't hold when see their porto in red for several weeks. If the coins has product and the team still working on it, keep it. But if there is no sign of team activity, sell them right away.

Yes !
I do not think it's worth selling my crypto currency right now, I have a lot of altcoyins for a cat and have not yet pulled out the money, but I think right now is not the best time to sell my coins!

I think you are right. In addition to your thoughts, I can say that, people should make their investments with the amounts which can never damage their economical situations, and thus, panic sells will be much more less.

Honestly I sell my crypto if i will neede a money to buy things for my needs and for my family.Crypto really helps in my life right now and on its really works to make me succeed at all the time.

No need to sell! It seems to me that soon we are waiting for good news after the US Congress and the market will fly up.

of course I will not sell my coin at the current price which is falling down. but sometimes I feel sad when I see my assets are down very drastically.. and i believe everything will getting better again soon, so, we can invest more and wait for a long term that price will be recovery again..

This advice, which is why not everyone wants to take. Falling prices drives people crazy and they want to quickly get rid of cryptocurrency.

In my opinion it is better to sell the altcoin to buy coin that has a good value than holding a token that is not worth it to hold, even the whales manipulate it and the price goes down it means it is a chance to buy coin that has a more potential to grow in the community.

It's wise not to sell coins now! as we all know, the cryptorite has just begun to develop seriously! I think it's time to buy! so crypt has a great future!

Yes, that's the true. They also spread news like 'BTC will be $3k this year' or something similar. So just keep calm and HODL 

Certainly won't be panic selling. I'll be waiting for the next bull run and pull some profits then, i'm in no rush and have only invested what I can afford to lose. I know many people who have lost hundreds of pounds panic selling.

Loose hands are going to panic and sell their crypto no matter how much you try to convince them.if they are fixed in their mind to sell their coins they will not stop

I have some coins I hold that I'm not planning to sell for now. I am willing to wait for months coz I have trust these have potentials.I sell some so I could use it as capital for trading. I cash out once in a while but I never sell at loss.

Next week we are waiting 2 important news for all crypto lovers.
march 19 is the doom day for MTgox case. And there is G20 summit so next will everything will happen. I am waiting for a skyrocket but always there is risk on crypto.

I also think that selling the earned coins to the peak of the fall is unreasonable. The main thing is not to create a panic but wait for the best time for our investments.