Topic: Don;t be tempted to Sell OUT; HODL - page 4. (Read 1133 times)
As the cryptocurrency market is highly volatile there will be continued temptation to find the direction of the price moving. At times the market fluctuates a little, fearing the same people used to sell out. By that time the panic can be experienced among the common people and the same is made use by the whales investing and getting back profit within a short through the difference between buying and selling. Holding is always the risk free way to enjoy, and the same needs to be done analyzing the market situation by that time.
Anyone still bothered about this minor dip and selling off probably doesn't understand the bitcoin to the latter, and the price hasn't dropped so drastically to create panic or FUD, in my opinion the bull run is still on and running.
Except of course you're looking to cash in on your profits or to cut losses, then selling actually can make sense at that stage, as a full time trader, just keep holding till the time your perceive is right for you to pull out.
Except of course you're looking to cash in on your profits or to cut losses, then selling actually can make sense at that stage, as a full time trader, just keep holding till the time your perceive is right for you to pull out.
Right now, the price seems to be a bit stable, now I can understand if you want to sell when its going down because you want to get rid of it before it hits bottom and maybe you are right, after you sell your coins the price keeps going down and you are lucky to buy it back from even cheaper, or maybe you are wrong and the price instead goes up and you are there with your cash and nothing else with your loss.
Now, I can understand when its going up as well because maybe it will go down and you will be able to buy back cheap or you just want to take your profit and go, those are all reasonable requests. However when its stable there is no need to sell at all, its stable and not doing anything that can hurt you or profit you, just let it be if you can.
Now, I can understand when its going up as well because maybe it will go down and you will be able to buy back cheap or you just want to take your profit and go, those are all reasonable requests. However when its stable there is no need to sell at all, its stable and not doing anything that can hurt you or profit you, just let it be if you can.
It is a phenomenon that happens whenever the bitcoin price goes up.
But I dont believe there is a loss.
They sold their alts in exchange for $6000 per bitcoin and now it is still at 9k.
There is still profit and besides, will you really buy back to the alts seeing there is not much movement happened there? I dont think so.
Worse case, they were pulled down by the bitcoin dump.
But I dont believe there is a loss.
They sold their alts in exchange for $6000 per bitcoin and now it is still at 9k.
There is still profit and besides, will you really buy back to the alts seeing there is not much movement happened there? I dont think so.
Worse case, they were pulled down by the bitcoin dump.
The price is actually not that bad taking into consideration how low the volume is. What goes up fast goes down fast as well, that is just the way the market works. For those who believe in bitcoin in the long term should not care what the current price is or what it will be tomorrow. Lets focus on what it will be in 10 years.
This is what investors do if they believe the market is due for good recovery.
Price down, it can only be because of correction, and it doesn't mean it will have a downtrend continue to its low again and then we will have a long bear market again. I think it's not gonna happen this year, the idea here is buy when price dump because eventually it will rise, that's how the trend shows.
Price down, it can only be because of correction, and it doesn't mean it will have a downtrend continue to its low again and then we will have a long bear market again. I think it's not gonna happen this year, the idea here is buy when price dump because eventually it will rise, that's how the trend shows.
Point of correction I don't agree that the bear market is back also we have not yet gotten to the bullish run yet let say we are at a cross road with the bear market behind us and the bull market ahead of us. I would predict that we would head towards the bull run direction please don't get me wrong am not saying due to the fact that I am a bitcoin lover(well at least 40% the reason). But analytically we are heading for something big
The past two months saw Bitcoin rose from 5k to 14k. obvious. the move looks like a planned market. it is was a free Bull market just like the Jan ,2018. as a result of this move,Many traders Were deceived by selling out their ALTCOINS to bitcoin in other to earn from the Bull market.
Currently, The bears are back. it looks like a free fall. from 14k down to 9k within two weeks. Honestly, selling out again will be a total lost for people that left the altcoin Market to bitcoin.
MY OPINION: Dont sell out. Just hold. to avoid loosing out in two places. from indications, the bear can hit hard for long. How long can traders Hodl or will they sell out in panic.
Currently, The bears are back. it looks like a free fall. from 14k down to 9k within two weeks. Honestly, selling out again will be a total lost for people that left the altcoin Market to bitcoin.
MY OPINION: Dont sell out. Just hold. to avoid loosing out in two places. from indications, the bear can hit hard for long. How long can traders Hodl or will they sell out in panic.
all i see is simple correction and not bears.
he time I expect the bear to be back to the market is when bitcoin and most of the altcoins has already reached another new All-time high, maybe by the end of this year or next year before the market can generally crash again when everyone is taking profit and they we go back to bearish market, but for now, the bullish trend is still very much activated.
Many people have said that the price of BTC will increase sharply in the end of this year and the price reduction is only a small impact of traders.
I believe that with the appearance of libra, everything will change, the market will be green for several weeks. Please hold the alts top and BTC now.
I believe that with the appearance of libra, everything will change, the market will be green for several weeks. Please hold the alts top and BTC now.
Every year we have predictions that Bitcoin price will have big growth at the end of the year but it's not always so. Remember the last year. And corrections are possible all the time so sometimes users get tempted to sell but thus they usualy only loose more. So it's very important to have your own strategy and agenda.
Anyway, I don't think that Libra will make such major changes as many think or influence the Bitcoin in significant way. But the time will tell, so we will know soon.
Normal things, because trader holds more 30% their asset on Altcoin. They try to chasing profit bitcoin market with selling his Altcoin, Well until now Altcoin still not yet get the party the Altcoin Pair with Bitcoin always decrease. To be honest, Im still waiting for this party dont know how long we need times for altcoin market recover.
Many people have said that the price of BTC will increase sharply in the end of this year and the price reduction is only a small impact of traders.
I believe that with the appearance of libra, everything will change, the market will be green for several weeks. Please hold the alts top and BTC now.
I believe that with the appearance of libra, everything will change, the market will be green for several weeks. Please hold the alts top and BTC now.
How long can traders Hodl or will they sell out in panic.
Well, this kind of question also confusing to me before, but when I engaged on every trades as time goes by, meet some beast trader and done some research about trading. I can answer this as a trader's view. -> Always have your plan, what are your targets area? It is for long term trade or short term trade?
and the most IMPORTANT is the STOP-LOSS. No need to panic, you have your stop-loss. That's all.
MY OPINION: Dont sell out. Just hold. to avoid loosing out in two places.
My opinion as a trader is, I am willing to lose some of my funds, like for example you have your long position based on your technical analysis, so if your analysis invalidated and hit your stop-loss, well I will call it a day, wait for another good entry. It's much better to lose $3 than to lose $30, something like that.
For those who have buy it for more than 9k then it's better to hodl than selling it but if you have extra money for investment then it's a good time to buy more as the price will surely increase and there is is very little chance that the price will continue to go down because that is how the market works.
Wise trader usually has a signal when to sell and when to buy and in this type of situation, buying is better than selling. So keep on buying if you want to gain more profit in the end especially if we will hit the peak season soon.
Wise trader usually has a signal when to sell and when to buy and in this type of situation, buying is better than selling. So keep on buying if you want to gain more profit in the end especially if we will hit the peak season soon.
The past two months saw Bitcoin rose from 5k to 14k. obvious. the move looks like a planned market. it is was a free Bull market just like the Jan ,2018. as a result of this move,Many traders Were deceived by selling out their ALTCOINS to bitcoin in other to earn from the Bull market.
Currently, The bears are back. it looks like a free fall. from 14k down to 9k within two weeks. Honestly, selling out again will be a total lost for people that left the altcoin Market to bitcoin.
MY OPINION: Dont sell out. Just hold. to avoid loosing out in two places. from indications, the bear can hit hard for long. How long can traders Hodl or will they sell out in panic.
Currently, The bears are back. it looks like a free fall. from 14k down to 9k within two weeks. Honestly, selling out again will be a total lost for people that left the altcoin Market to bitcoin.
MY OPINION: Dont sell out. Just hold. to avoid loosing out in two places. from indications, the bear can hit hard for long. How long can traders Hodl or will they sell out in panic.
But now Bitcoin recovering little by little and I think they are aiming now to hit 14k$ or 15k$ before end of this July 2019.
Therefore, it is still good to see the the price was still cheap and good timing for us to buy em then hold. But every time the price went down
majority are getting panic most often here which is not supposed to be happen actually.
Currently, The bears are back. it looks like a free fall. from 14k down to 9k within two weeks. Honestly, selling out again will be a total lost for people that left the altcoin Market to bitcoin.
I don't think that the sudden drop of Bitcoin within this past few weeks are because the bears are back. It is because of the news that have been spread across the internet and that is the reason why it came back at around 9k but to be honest, Bitcoin really needs this correction because it is finding a strong support and I think 9k is that strong support. Anyway, HODL is the best way right now to get profit unless you are an expert trader. 
Yes..the market shape by now is better to look than of those prices early this year or even last year. With our own discretion towards the market, we can decide which one could be the best in our side either to hold or sell it now. I know not all of us are strong enough to hold their coins for the entire life and ain't not profitable anymore but of course, we take those advantage when we saw some gains with our investment.
Actually, I'm not that greedy person to think for more profits but seeing some bucks is really good enough for me. It will have become bigger if the market still in good shape.
Actually, I'm not that greedy person to think for more profits but seeing some bucks is really good enough for me. It will have become bigger if the market still in good shape.
Bulls are bears and bears are bulls. It's the chart that decides what side people are on, especially when it comes to rational thinkers and not those who just expect Bitcoin to moon because the fundamentals are strong.
Fundamentals are something the prices catches up on over a period of years. Bitcoin fundamentally wasn't worth $20k back in 2017, but it still reached these highs. It goes the opposite direction too.
I like people being neutral more than overly bearish or bullish. The charts turned a little bearish but on the other hand it might also be a healthy correction followed by consolidation within a somewhat wider than usual range.
If this ends up breaking down in a more bearish scenario then so be it. People didn't give Bitcoin a single chance to break $6000 in 2019 while it's hovering over the $10k mark right now. Be happy with it for once.
Fundamentals are something the prices catches up on over a period of years. Bitcoin fundamentally wasn't worth $20k back in 2017, but it still reached these highs. It goes the opposite direction too.
I like people being neutral more than overly bearish or bullish. The charts turned a little bearish but on the other hand it might also be a healthy correction followed by consolidation within a somewhat wider than usual range.
If this ends up breaking down in a more bearish scenario then so be it. People didn't give Bitcoin a single chance to break $6000 in 2019 while it's hovering over the $10k mark right now. Be happy with it for once.
Bulls not over yet. Marketcap is still good for declare a bear market. Also altcoins market recovers I think it's 60%-70% of it's marketcap since bear market stays for almost two years. So I can't blame people why they sold their altcoins because of long drought which I think the longest in the history. For now, people are relying on Bitcoin as the volume goes to it. Altcoins will rise again soon when Bitcoin drops as the volume goes to altcoins. It's a vice versa.
We had the drop when there were the US issued a stop order against Libra (facebook coin ) and it then seemed there could be some possible ban on bitcoin, made worse by the Trump tweet, those have been cleared and bitcoin is back to its previous climb, we should see full recovery in the coming days.
I agree, what is happening now is a natural movement.
Are you sure this is natural? All this time, i've been thinking that the movement of the bitcoin price is not natural. Because there's so many aspect that affecting it's movement.Jump to: