Topic: don't be greedy to sell now (Read 418 times)
The newcomers to bitcoin and bitcointalk could benefit greatly from this. Hold your bitcoin first than trying to trade immediately after being tempted by stories about traders who make a lot of money trading. Before actually trading, use demo accounts to practice and evaluate your skills. The perseverance to properly learn how to trade is what most people lack. Everyone wants to make money in trading, but only a few want to learn it for months. And so they are trading like gambling in a casino. In a situation like that, you should keep your bitcoins for a long time and buy more when you have another extra money.
After all this, why don't you keep doing this, selling at the top and buying again after a correction, to make more and more money?
There are several problems with this approach.
Why would you sell an investment you think would be successful in the long run in order to prepare for a decrease you think will last only a short while? As a result, you bear the additional danger of being wrong because a decline might not happen (when there are already so many).
There are several problems with this approach.
Why would you sell an investment you think would be successful in the long run in order to prepare for a decrease you think will last only a short while? As a result, you bear the additional danger of being wrong because a decline might not happen (when there are already so many).
Well futures traders (day traders) keep doing that to maximize their earning. They will analyze the market first with many confluences before they enter a trade and when the market price is up with big candles and see a group of small candles after that, that means there's much supply than demand. That's why they expect the price to retrace after a big pump before they entering the market again. Fortunately, there are many successful traders who keeps doing that because it working for them.
However, there are also disadvantages of holding an asset for a long time, where you're already gain but it end up just holding the asset for a very long time because it goes back to your buying price or below.
For me these pumps are normal for making some small term profits only if you have invested at low rates like you have took the advantage of dip to accumulate some sats say at $15k-$16k range otherwise many who have invested at high rates are seeing it some hope for market to regain the momentum.
I am also long term holder so at this time my main goal is to keep my funds safe and accumulate whenever I get some chance and extra savings to invest in it so for me I am looking for high returns and knows the potential and true power of bitcoin so this is not selling time but still people overthink and do the opposite.
I am also long term holder so at this time my main goal is to keep my funds safe and accumulate whenever I get some chance and extra savings to invest in it so for me I am looking for high returns and knows the potential and true power of bitcoin so this is not selling time but still people overthink and do the opposite.
Actually is good to study the market before buying or selling Bitcoin. But as now I will advise u buy and save for now
Currently joining the market to get future assets must be done, everyone who wants to join the market must of course study the market well, there is a risk when they do not understand market movements, now little by little the market is getting better and opportunities for them who will enter the market, even though there are some who are selling it but this is not the right time, more precisely using this time to add assets.
Actually selling your Bitcoin should be detriment of investors, but any short term investors can speed up and sell so that it will enable them to go back to the market. But the only factor we have to put into consideration is that Bitcoin market is involved both positive side and negative side, you can speed up and sell your bitcoin now and getting tomorrow Bitcoin accelerate. So selling your Bitcoin doesn't need to be panic or being into tension, at least you have scrutinized the market first before selling off your Bitcoin, because their is every tendency that the market can increase any moment.
How am I supposed to term that as greed?
Selling 'em coins now?? How's that greed?? I rather see that action as being probed by FEAR and lack of PATIENCE for an unfinished work to get totally done.
Bitcoin went very low and alot of peeps were already sick and tired of the whole emotional stress and some even hurried to sell them before it got really low, Isn't that what happened?? Now, you go take a look at the price, is it worth getting your losses back ?? Atleast a bit of 'em? This whole thing remains a sequel and it's nutured by how sellable or buyable crypto becomes at some point. If some held on when it was 21k, what would make them hurry then?
Sandra 🧑🦰
Selling 'em coins now?? How's that greed?? I rather see that action as being probed by FEAR and lack of PATIENCE for an unfinished work to get totally done.
Bitcoin went very low and alot of peeps were already sick and tired of the whole emotional stress and some even hurried to sell them before it got really low, Isn't that what happened?? Now, you go take a look at the price, is it worth getting your losses back ?? Atleast a bit of 'em? This whole thing remains a sequel and it's nutured by how sellable or buyable crypto becomes at some point. If some held on when it was 21k, what would make them hurry then?
Sandra 🧑🦰
After all this, why don't you keep doing this, selling at the top and buying again after a correction, to make more and more money?
The initial plan could have changed in the middle of the road, prices that keep changing all the time make the investment heart often exercise when looking at chart movements. When the current starts to change direction, panic cannot be avoided, rather than losing some profits (even in small amounts) due to price corrections, they prefer to save what they should normally get. Investment strategies can change depending on market conditions, the most important thing is that the main goal can be achieved even if you have to sell and buy repeatedly. After all this, why don't you keep doing this, selling at the top and buying again after a correction, to make more and more money?
This simple investment principle is mostly done for beginners. investing for the short and medium term. they can benefit from pumps and dumps occurring over a short time.but for those who have been investing in the crypto market for a long time of course make better planning. like some of the investment considerations that you give.
but what we need to understand, not all those who invest will hold Bitcoin or their other assets for the long term. everyone has their plan.
Talking about greedy depend on individual when start trading in cryptocurrency, some people have target with trading as long term and want to earn more than 30% profit and already become long term investment because they have enough back up money. There are have some person with short term trading and try selling when reach little profit and seems not greedy because they less with recovery money.
There are not problem with greedy due investing in potential altcoin and believing with reach higher price more than 40% during still have enough back up money for other thing, difference with us have little fund for trading and should effective earn profit although few percent because try to manage with short term trading.
There are not problem with greedy due investing in potential altcoin and believing with reach higher price more than 40% during still have enough back up money for other thing, difference with us have little fund for trading and should effective earn profit although few percent because try to manage with short term trading.
I always feel at ease when I just leave my crypto assets the way it is, imagine taking profits and you need to wait for months before seeing that opportunity again? Since I bought at low price and I plan on holding for long term there is no need to take profit, I will prefer to keep using DCA from time to time, opportunities will not keep repeating themselves over and over again.
Tomorrow we have the FOMC meeting coming and many are praying to 50 Bp just because they want to see the market crash and buy buy who knows? If we see 25bp then the market will remain bullish and the opportunity is no more, imagine, I don't want to play this game, it's too stressful.
Tomorrow we have the FOMC meeting coming and many are praying to 50 Bp just because they want to see the market crash and buy buy who knows? If we see 25bp then the market will remain bullish and the opportunity is no more, imagine, I don't want to play this game, it's too stressful.
the point is don't be greedy in investing in bitcoin, don't be too hasty either.
it can be dangerous and certainly will be very detrimental.
don't just because you want to buy bitcoin from the bottom price, continue to sell existing assets, even though it's not certain that bitcoin will decline.
sometimes investing, don't use your ego too much, but you have to use patience and gratitude.
it can be dangerous and certainly will be very detrimental.
don't just because you want to buy bitcoin from the bottom price, continue to sell existing assets, even though it's not certain that bitcoin will decline.
sometimes investing, don't use your ego too much, but you have to use patience and gratitude.
In short, trying to time the market by selling and buying again after a dip can be a risky strategy with several potential drawbacks. There's no guarantee that a dip will happen, and even if it does, timing the market correctly is challenging and requires significant skill. It's better to adopt a simple and long-term strategy such as buying and holding with patience.
Good luck to you for your two alts on buying back.
Yeah, I'm very optimistic price will be dragged down for correction. It may not get to my pending order but certainly I believe it will go way below the price I sold. It's only going to take my time and test my patience (crypto is a game of patience) but I'm prepared for the wait this week.Quote
You don't want your followers to believe that you are running on luck not on your skill.
The first thing I do once I discover anyone with this mindset to whose channel I had subscribed is to exit immediately. Nobody knows it all in this industry and anyone who flaunts that they're all too knowing isn't worthy to be followed. Trading and investment are purely speculative. There isn't a certitude to whatever that happens. We follow TAs and FAs to navigate it, yet we know that every analysis shouldn't be taken as a guarantee. 
The temptation that comes from increasing prices cannot be resisted to press the sell button, maybe this is one of the strategies they apply in Bitcoin trading. They are more inclined to increase the number of Bitcoins in a small way without having to take risks, the strategy of buying at low prices and then selling when they have made a profit is still attached to them.
Everyone has their own strategy in looking for additional Bitcoins, in this case it cannot be said that we are greedy with taking profits before the price reaches the top. Being patient and waiting in the long run for the price to peak sounds easier to do, but in Bitcoin trading there are several strategies that can be used to achieve this goal.
Greed is more precisely pinned on those who still hold Bitcoin when the price is at its peak, they don't sell it immediately because they still expect the price to be even higher.
Everyone has their own strategy in looking for additional Bitcoins, in this case it cannot be said that we are greedy with taking profits before the price reaches the top. Being patient and waiting in the long run for the price to peak sounds easier to do, but in Bitcoin trading there are several strategies that can be used to achieve this goal.
Greed is more precisely pinned on those who still hold Bitcoin when the price is at its peak, they don't sell it immediately because they still expect the price to be even higher.
Many people are thinking to take advantage of Bitcoin's price now by selling and buying when it dip again before the bull run start since many are saying bear market is yet over and Bitcoin will drop again.try to study well on own before you take any action.
Greed to sell in this marginally bullish market is never a good idea, but no one can study and understand a volatile market that can choose a certain trend for no reason; the best we can hope for is to predict the market's next potential trend and hope it happens. This is what gives the impression to some people that the market bear is not over because they continue to hold on to the 4-year cycle that appears to have changed. I've been caught in that web too. I believe while people do that is to increase the quantity they're hodling. Sadly, in some cases it backfires and they won't be lucky to buy back at the sold price. Such is life. As I type this, I've two alts I took this same risk on last week. I'm still waiting to rebuy, hopefully price declines below the price I sold.
Well everyone caught on this web too, I have fallen into this many times before and my success rate in buying back is too low. Good luck to you for your two alts on buying back. Quote
The annoying part is that the so-called experts hardly accept that they're wrong with the calls they make once it goes awry. They quickly find another technical jargon to justify why it didn't go the way they predicted in the first place. Gullible traders and investors will quickly accept the excuse.
You don't want your followers to believe that you are running on luck not on your skill. So that is why internet gurus won't agree with their mistakes. Why would you sell an investment you think would be successful in the long run in order to prepare for a decrease you think will last only a short while?
I've been caught in that web too. I believe while people do that is to increase the quantity they're hodling. Sadly, in some cases it backfires and they won't be lucky to buy back at the sold price. Such is life. As I type this, I've two alts I took this same risk on last week. I'm still waiting to rebuy, hopefully price declines below the price I sold.They forget that nobody can actually predict the exact moment of the market. Anybody that still take advise from this clowns deserve anything that comes their way.
The annoying part is that the so-called experts hardly accept that they're wrong with the calls they make once it goes awry. They quickly find another technical jargon to justify why it didn't go the way they predicted in the first place. Gullible traders and investors will quickly accept the excuse. 
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Finally, how do you handle this case where you are wrong and there is no dip? Will you be able to accept the psychological by overcoming your regret and taking a higher position?
Finally, how do you handle this case where you are wrong and there is no dip? Will you be able to accept the psychological by overcoming your regret and taking a higher position?
the majority of people who are learning to invest or trade in bitcoin for the first time must experience this, they sell when the price is high in the hope of being able to buy again when the price goes down but in fact, the opposite is true, it never happens, in the end, they buy at a higher price than the price when they sell that. I experienced something like this when I was just learning and now if I experience something like the scenario above (when selling but the price is getting higher), what I do is refrain from buying first and hope the price goes down, even if it takes a long time.
Therefore, selling in an effort to time the market is typically not a wise idea. Possibilities to do so are uncommon, and only a small number of people possess the ability to take advantage of those opportunities.
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but there are many factors that influence a newbie trader or investor to do this, including an urgent need - low emotional control - not following the trend - afraid the price will go down, so don't use feelings in trading, use logic and if the market trend is bullish So hold on and enjoy the price increase.
Following the market trend is a safer strategy because it coincides with the bulk of market participants and can result in lesser risk. Going against the market can be difficult and necessitates a high level of experience and knowledge of market tendencies. It also relies more on luck, as consistently outperforming the market is tough.
Selling assets when there is a compelling need, on the other hand, is a widespread activity that is not always risky. At different periods of the year, the market presents different chances, and there may be compelling reasons to sell, even if it means going against the prevailing trend. It is critical to make informed judgments based on personal circumstances and to assess potential risks and advantages.
Selling assets when there is a compelling need, on the other hand, is a widespread activity that is not always risky. At different periods of the year, the market presents different chances, and there may be compelling reasons to sell, even if it means going against the prevailing trend. It is critical to make informed judgments based on personal circumstances and to assess potential risks and advantages.
Many people are thinking to take advantage of Bitcoin's price now by selling and buying when it dip again before the bull run start since many are saying bear market is yet over and Bitcoin will drop again.try to study well on own before you take any action.
After all this, why don't you keep doing this, selling at the top and buying again after a correction, to make more and more money?
People do this out of greed and miss out on the chance to make more by holding bitcoin. I used to make these mistakes in my early days of investing in bitcoin. No one can tell when the price will go down or up. If you already bought the last deep it is more than enough to hold it for a long time.After all this, why don't you keep doing this, selling at the top and buying again after a correction, to make more and more money?
I won't say they are greedy, if look from a long-term investment perspective, selling now and waiting to buy back is very risky, and not worth the risk. But every investor has a different investment strategy, you can't say they are greedy while they have different plans than you.
I see many people do that, sell when the price is high and wait for the price to come down to buy back, I am not as risky as them, but there are many people who have success with that method. It depends on the strategy, mindset, and vision of each person. Don't think that if you can't do it, others can't do it either.
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