Dont sell because you feel like selling, give it another thought.

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Quote from: kentrolla on March 09, 2024, 05:37:04 PM

It's like a chain process, first a user joins without any knowledge and loses the money or cashout his Bitcoin then later realised that hodling it gives more profit and then user goes for long term hodl.

Not every individual that learns this way, some will not learn but continue to be investing in the short term. The only time we should sell our Bitcoin is when we are in profits and we want to use the profits to do something more important than investing in Bitcoin. If we aren't in profits, we shouldn't sell in loss because we'll regret doing that. There should be other sources of income that we can use to take care of others things that aren't important and only the things that need more money that can be gotten from the profits that we have had from holding Bitcoin. Our emotions shouldn't be listened to when investing, if we follow our emotion we'll be selling when we feel fear. Investing in Bitcoin, both when we're buying or selling should be done based on our research and not emotions.

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Quote from: Lantind on March 08, 2024, 12:11:59 PM

When someone decides to invest, of course they have properly planned their investment and of course they have set a limit for the profits they can make and take advantage of the investment they have made, but before they decide to sell it, of course they have analyzed it well. does it have the potential to get even bigger profits or not and if they believe there will be another increase of course they will continue to hold until they can get that profit and those who do it like the theory you mentioned I think they have been able to analyze well about market conditions and decided to take advantage of the increase.

Each individual will have their own financial goals and they set their selling and buying targets accordingly which is why a price that I might not find intriguing to sell my assets might be the best price point to sell for someone else. We all think differently, our thoughts and ideas might match sometimes that cannot be the case every single time.

Selling just because you feel like it isn't the right thing to do but if someone understands everything and is willing to sell because they have reached their target price then I don't find anything wrong in that.

kentrolla

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Quote from: adultcrypto on March 09, 2024, 03:08:45 PM

It has become so clear to me now that those who have future plans for their Bitcoin before they started the investment tend to manage they portfolio better than those who just jumped in without any plans. Those with plans are not too perturbed by the price movement because they have targets they set from the beginning. For instance, someone that plans to secure certain volume of Bitcoin over a period of time will not think about selling even though the price rise so high. The same can be said about someone who plans to save his retirement funds in Bitcoin, they will never think about selling even when they have the urge to sell. So falling into the temptation to sell when one did not expect to sell is a sign of poor planning.

Unfortunately majority of people who Ave entered the crypto since 2017 have just jumped in to get profit wherein they have no idea how it works as that was the year which brought mainstream media attention to Bitcoin during its bull run which triggered more people to invest without knowing about it.

It's like a chain process, first a user joins without any knowledge and loses the money or cashout his Bitcoin then later realised that hodling it gives more profit and then user goes for long term hodl.

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Quote from: Dailyscript on March 01, 2024, 01:53:01 AM

Yes, I will say it again and again! Don't sell because you want to sell, or maybe others are selling, and if you feel you have made some profit, then you must sell. My dear, give it a second thought. If you don't have a genuine reason for selling, like a deep need for money, or if you want to sell to buy luxurious things when you know that the price of bitcoin has more potential than what it has shown,.

I am not against anyone selling since; a lot of people who had hodl made lots of profit during this period. What I am trying to say is, if you have no significant need for the money, there is no point in selling it. If your income is enough for you and other expenses, you can continue to buy more bitcoin so that your portfolio will be massive. It should be about how much bitcoin you have, not how many dollars of bitcoin you are holding.

I don't see any problem with what you are saying; it's just that no matter what we do, reminding people if they still have some that they can sell their bitcoin or cryptocurrency that
they haven't invested it well or properly.

And we can't blame them either because it's their choice; at least we did our part to remind them somehow. Let's let them themselves realize what they did, whether it was right or wrong;
that's all.

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Quote from: bittraffic on March 08, 2024, 03:21:47 PM

Holding at some point could be damaging when especially in the ATH. You wouldn't want to keep holding while the rest of the world is already selling. Every person has a reason to sell after all making money is the reason for investing.

You know if the price stays sideways for too long, there is a chance that it could dump. Selling could be the right decision if you are looking for an opportunity to accumulate coins.

I think one should investigate about the target of most of the people at which they will sell their bitcoin because if selling percentage increases then the price of bitcoin reduces. Don't wait more if all the people wants to sell their bitcoin because more they sell more the price will fall.

Find out an opportunity and if you find that over your achieved target the price starts dumping then don't be too greedy and sell it as after each Bull season there is a bear season which has the potential to reduce the worth of every coin.

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It has become so clear to me now that those who have future plans for their Bitcoin before they started the investment tend to manage they portfolio better than those who just jumped in without any plans. Those with plans are not too perturbed by the price movement because they have targets they set from the beginning. For instance, someone that plans to secure certain volume of Bitcoin over a period of time will not think about selling even though the price rise so high. The same can be said about someone who plans to save his retirement funds in Bitcoin, they will never think about selling even when they have the urge to sell. So falling into the temptation to sell when one did not expect to sell is a sign of poor planning.

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Quote from: Dailyscript on March 01, 2024, 01:53:01 AM

Yes, I will say it again and again! Don't sell because you want to sell, or maybe others are selling, and if you feel you have made some profit, then you must sell. My dear, give it a second thought. If you don't have a genuine reason for selling, like a deep need for money, or if you want to sell to buy luxurious things when you know that the price of bitcoin has more potential than what it has shown,.

I can understand what you're saying and I somehow get your advice of not selling immediately or for a small profit but I have to disagree with you on the part about selling because they need the money, if the word is need then there's probably a good reason why they're planning on selling, you can't really dictate anyone what they want to do with their money after all. Regards to luxurious things, that could depend, remember that you've got a right to be happy as a person and that you don't have to worry too much about investments so if you're not going bankrupt with that luxurious stuff then go for it. Don't be a slave to your money and investments, you don't have to wait for retirement to do stuff and enjoy life, you should do it along the way and it's more fun that way.

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Quote from: Lantind on March 08, 2024, 12:11:59 PM

Quote from: Rasa nanas on March 08, 2024, 08:23:49 AM

So do you think people who sell mean they need money? Unfortunately no, because not everyone sells because they need money. Sometimes they sell it to secure profits or avoid losses because according to their analysis after this the price will fall. The basic theory of investing or trading is to sell when it goes up and buy when it goes down.

When someone decides to invest, of course they have properly planned their investment and of course they have set a limit for the profits they can make and take advantage of the investment they have made, but before they decide to sell it, of course they have analyzed it well. does it have the potential to get even bigger profits or not and if they believe there will be another increase of course they will continue to hold until they can get that profit and those who do it like the theory you mentioned I think they have been able to analyze well about market conditions and decided to take advantage of the increase.

Well, some might have analyzed their plan well before finally selling their coins. But I believe a lot of those who sell are not because they have reached their profit goal, but because they fall on FOMO and eventually follow other people in selling their coins even if they don’t have valid reason to sell. These are the type of people who will most likely end up losing despite of how big their profits gained, because they don’t have a concrete plan of their investment.

Selling is actually advisable every time there are possible profits. But you can always delay your selling of coins most especially if there are high possibility that bitcoin price will continue to grow its price consistently. So it’s a matter of patience and not being greedy.

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Quote from: darkangel11 on March 08, 2024, 04:43:29 PM

I keep telling people that. There's so many things that we buy and don't really need. When you sell bitcoin to buy something, you exchange an appreciating asset into an item that will most likely depreciate, but it depends on what you buy. If you buy electronics, or a brand new car, especially an electric car, that's going to depreciate very fast. Phones that used to be worth $1k 5 years ago are maybe worth $100 now, same with TVs, computers, and many other things. If you bought a home appliance 5 years ago it's either old now, or not working at all, but bitcoin bought 5 years ago is worth 10 times more.

Always know the worth of what you’re buying. And never focus only on what you can do for it today but think well if they’ll still be useful within the next 5-10 years. High quality items does not need to be well expensive, but if your work demands it, then maybe consider buying it.

My point is focus on your needs, not on your luxurious wants. Yes, we are here to invest and now we’re making profits already, that does not mean that spending is the key. We can always save up to buy more bitcoin so that we can assure to have a brighter future someday, but also not to the extent of compromising our present life needs and necessities.

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Quote from: bittraffic on March 08, 2024, 03:21:47 PM

Holding at some point could be damaging when especially in the ATH. You wouldn't want to keep holding while the rest of the world is already selling. Every person has a reason to sell after all making money is the reason for investing.

You know if the price stays sideways for too long, there is a chance that it could dump. Selling could be the right decision if you are looking for an opportunity to accumulate coins.

Sell at the highest price, especially if the target you want to achieve is appropriate, then in my opinion there is no problem. Of course you don't have to sell all the bitcoins you own, but selling some of them at the current high price is arguably reasonable to anticipate a price dump. We saw the fact a few days ago that the price fell to $59k after touching $69k, but the recovery was quick and today we are above the old ATH again.

Taking profits now is not a problem, but refraining from selling now is probably a better decision. There is great potential this year and next year to take bigger profits, so if you want to get those profits then keep buying, accumulating and holding on.

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I keep telling people that. There's so many things that we buy and don't really need. When you sell bitcoin to buy something, you exchange an appreciating asset into an item that will most likely depreciate, but it depends on what you buy. If you buy electronics, or a brand new car, especially an electric car, that's going to depreciate very fast. Phones that used to be worth $1k 5 years ago are maybe worth $100 now, same with TVs, computers, and many other things. If you bought a home appliance 5 years ago it's either old now, or not working at all, but bitcoin bought 5 years ago is worth 10 times more.

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Holding at some point could be damaging when especially in the ATH. You wouldn't want to keep holding while the rest of the world is already selling. Every person has a reason to sell after all making money is the reason for investing.

You know if the price stays sideways for too long, there is a chance that it could dump. Selling could be the right decision if you are looking for an opportunity to accumulate coins.

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Quote from: Lantind on March 08, 2024, 12:11:59 PM

Quote from: Rasa nanas on March 08, 2024, 08:23:49 AM

So do you think people who sell mean they need money? Unfortunately no, because not everyone sells because they need money. Sometimes they sell it to secure profits or avoid losses because according to their analysis after this the price will fall. The basic theory of investing or trading is to sell when it goes up and buy when it goes down.

When someone decides to invest, of course they have properly planned their investment and of course they have set a limit for the profits they can make and take advantage of the investment they have made, but before they decide to sell it, of course they have analyzed it well. does it have the potential to get even bigger profits or not and if they believe there will be another increase of course they will continue to hold until they can get that profit and those who do it like the theory you mentioned I think they have been able to analyze well about market conditions and decided to take advantage of the increase.

When it comes to investment then it would really be that a normal approach on having such as this on which it would really be that something you would really be needing to mainly consider.
When you do invest and accumulate Bitcoin or some crypto on which you have believed that it could increase its value, then there's no sense that you would really be actively spending it
or buying something on which you could actually be able to do it with fiat. There are ones who dont have that kind of approach on things and making those rushed up decisions as long they do like it.

Seriousness and dedication would really be that something that could matter on someones investment decisions because if you are really that serious on accumulating
then you would really be always having those second thoughts that you would be spending it on something like this.

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Quote from: Rasa nanas on March 08, 2024, 08:23:49 AM

So do you think people who sell mean they need money? Unfortunately no, because not everyone sells because they need money. Sometimes they sell it to secure profits or avoid losses because according to their analysis after this the price will fall. The basic theory of investing or trading is to sell when it goes up and buy when it goes down.

When someone decides to invest, of course they have properly planned their investment and of course they have set a limit for the profits they can make and take advantage of the investment they have made, but before they decide to sell it, of course they have analyzed it well. does it have the potential to get even bigger profits or not and if they believe there will be another increase of course they will continue to hold until they can get that profit and those who do it like the theory you mentioned I think they have been able to analyze well about market conditions and decided to take advantage of the increase.

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Don't do what OP tells you, if you really need the money and you've got no way to pay your bills besides taking a small chunk of bitcoin in your stash, just do it. It's better in the long-run if you take care of yourself rather than let yourself get hurt in the process of saving, I'll tell you a story of a kid that I've known when I was still in school, this kid is always saving his allowance and doesn't eat even though he feels hungry because he's saving for something, I didn't ask what he's saving for but then he stopped coming to school, I just found out that he's taken to a hospital because he's starving himself and did get some form of anemia or something, he did recover though but my point is that you should never move your health or your necessity in second place in terms of priority, as long as you're alive you can still invest in bitcoin.

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What a shit post.

Feel? That's an emotional term. People who "feel" in money are not investors but chumps. Should always have a written plan.

It is about the money why the F else would anyone be here.

HODL ing makes ZERO profits. You don't profit or lose until you sell.

Go back to school kid.

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So do you think people who sell mean they need money? Unfortunately no, because not everyone sells because they need money. Sometimes they sell it to secure profits or avoid losses because according to their analysis after this the price will fall. The basic theory of investing or trading is to sell when it goes up and buy when it goes down.

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Quote from: Mame89 on March 07, 2024, 04:46:37 AM

Everyone's investment goals are different, if they sell because they have made a big profit, why not? for example, they buy bitcoin when the price is still discounted when the price is $20k and sell it at $60k for other purposes such as buying a house and other urgent needs.

Usually those who often need urgent needs are investors who do not prepare spare money in their lives when they have invested their money in Bitcoin. It's true that there's nothing wrong with selling because you've seen the benefits you'll get from it, but if you talk about pressure due to life's necessities, it can cause the investment to have to be sold. We can conclude that the investor did not make extra preparations when carrying out his investment in the previous period.

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So we also cannot urge someone not to sell bitcoin because people's needs are certainly different, in essence investing is to make a profit. If they feel the profits they have are sufficient then there is no problem selling some. However, it would be better to remain Hold if there is no urgent need or anything else because Hold is a brilliant move at this time, the reason is clear that bitcoin has not yet formed a new ATH and it is very likely that bitcoin will reach $100k then the profits we get will continue to increase.

The ultimate goal is like that, but if every Bitcoin investor still has the potential to get more profits than now. Of course not selling it is also not a problem because in reality they can still get more than what they see at the moment, but if you say that it is because there is pressure for whatever reason. Everyone can probably judge that the investor does not provide spare money in his life as an extra option in dealing with his own difficulties in life, but because currently there is potential for Bitcoin to reach ATH and pass it quite well. So there is no need to rush to sell it, it would also be a better option.

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This can be a very good decision in fact - not to sell Bitcoin unless absolutely necessary. And the need can only arise when you really need money. For example, money for a medical operation when you have critical health problems and the operation requires money. There may be other problems: you have nowhere to live and you have enough money to buy a home or take out a mortgage. Money may be needed for training and so on. In all other cases, where you have a source of income and are simply saving part of your earnings in Bitcoin, not selling Bitcoin can be a good strategy. It might be worth creating a separate account for this.

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Quote from: Dailyscript on March 01, 2024, 01:53:01 AM

Yes, I will say it again and again! Don't sell because you want to sell, or maybe others are selling, and if you feel you have made some profit, then you must sell. My dear, give it a second thought. If you don't have a genuine reason for selling, like a deep need for money, or if you want to sell to buy luxurious things when you know that the price of bitcoin has more potential than what it has shown,.

practical using of our crypto asset ,if you think you have earned enough then don't be greedy and sell , also if you badly need money then get a chunk and sell,
also if you think you have seen good potential coin then trade it.
it is our choice and our decision.

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I am not against anyone selling since; a lot of people who had hodl made lots of profit during this period. What I am trying to say is, if you have no significant need for the money, there is no point in selling it. If your income is enough for you and other expenses, you can continue to buy more bitcoin so that your portfolio will be massive. It should be about how much bitcoin you have, not how many dollars of bitcoin you are holding.

we have seen the correction the other day so those who sold their coin in ath and bought in correction have added some percentage in their holdings now and for me that is also another percentage of profiting.

Topic: Dont sell because you feel like selling, give it another thought. (Read 578 times)