Dont sell because you feel like selling, give it another thought. - page 2.

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Quote from: Dailyscript on March 01, 2024, 12:53:01 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.

Even if your advice is correct, the therapy is up to them and their right if they want to sell it even if there is no compelling reason for an important need or desire. Everyone has their own plans, strategies and satisfaction. If they think the profits are sufficient or they have made big profits, in my opinion there is no problem and it won't harm you, right?
Honestly I wouldn't sell it if there wasn't an urgent need and I've also used the DCA method and I'm in it for the long haul. And there are some of my friends who sell it if they feel it is very profitable and I support it, and I am very happy to see them feel very happy when Bitcoin gives them good or big profits, because it will make them believe that Bitcoin is really the best in any form of investment and also very profitable.

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Quote from: Viscore on March 07, 2024, 04:59:08 PM

Quote from: Mame89 on March 07, 2024, 03:46:37 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.

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.

I couldn’t agree more. We can’t hold the people from not selling their coins if they have already seen substantial profits in their investments. Take time to sell but never sell all your coins. Leave some for your future profits. While others would want to sell and make profits already, majority would still want to continue hodling. Most likely because their target selling price has not achieve yet, or they have no plans to sell since there are no genuine reason of selling. Just hold if you don’t want to sell, but never sell all your coins if you want to stop buying already.

The thing i dont like is to tell people on what they should gonna do and yes its true that its their coins or money then they do have the full rights on what are the decisions that they would be making because its their right.
Just let them be on what are the things they would be doing. It is really just that impossible that they cant be able to determine on which one is a worthy investment and which one it isnt.
This is why it would really be always best that you should be needing up to balance whether you would really be making out such decisions or not.

Selling out on something that you could buy with fiat is much more preferable because you do able to save up your coins which it could potentially be increasing out its value.
Second thoughts? Use up your common sense on which one is worth.

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Quote from: Mame89 on March 07, 2024, 03:46:37 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.

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.

I couldn’t agree more. We can’t hold the people from not selling their coins if they have already seen substantial profits in their investments. Take time to sell but never sell all your coins. Leave some for your future profits. While others would want to sell and make profits already, majority would still want to continue hodling. Most likely because their target selling price has not achieve yet, or they have no plans to sell since there are no genuine reason of selling. Just hold if you don’t want to sell, but never sell all your coins if you want to stop buying already.

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Quote from: Dave1 on March 01, 2024, 04:01:18 AM

Quote from: Dailyscript on March 01, 2024, 12:53:01 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,.

My rule of thumb is, sell if necessary, not just to make profits, but sell when you really need to. Maybe there something important that you need money and regardless of what the market is going to, you have to do it because of emergency.

Agreed, sell when necessary, especially at a demanding need or emergency that required to be met immediately but saying not just for profit makes me want to question the real essence of the holding for long and later calmly want to sell at a loss. What's the need for investing if am to later sell it at a loss. Am sure you won't agree to sell at lost after a long hold.

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Quote from: Nrcewker on March 07, 2024, 08:39:15 AM

As said earlier, don’t sell the coins if it’s not required. Bitcoins are very valuable. It’s valuable because these are limited in numbers. Now seeing the price rise, more people will try to accumulate the coins. Hence the demand to buy the coins will go up. Now as we know that the price goes up when buy orders are more. So the price will go more up. So to conclude, it’s beneficial if you don’t sell these precious coins.

Everyone who buys and sells has their own plan regardless of whether it is the right choice or not. I don't think one needs to judge other people's decisions regardless of the good or the bad, it's clear that they have their reasons for doing so. Someone who sold at $69k may have had better luck than those who just hold, but only if they had time to rebuy at $59k or $60k during the correction.

Investors have different ways of accumulating assets, therefore I don't think it's wrong if they sell at a high price and buy again at a low price. This is a way to build a larger portfolio without carrying more capital budget after the first investment, so that it is never wrong and we have no right to blame other parties for the decisions they take.

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Quote from: Gozie51 on March 07, 2024, 05:26:26 AM

Quote from: Mame89 on March 07, 2024, 03:46:37 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.

You are right on that, it is a personal decision for an individual depending on when they entered the market. If you enter earlier and feel it is enough profit already you can get out. Like some investors are already planning to take their first profit at the time halving happens. There expectation is that price will start to drop at that point because other investors are targeting that time to get out of the market to wait for the historical correction until the rebounce happens and then they go in back. So if someone also considers a particular point to take profit, it is just as an individual decision. If during the bull proper, people set different mark to also cash out and that is not a community decision but according to what the person wants. So yes if you enter earlier and feel your have reached your target then such person can freely and easily pack their profit out. There are investors that are already in profit if you check from your calculations and that is just few months back.

I would say that the logic doesn't change based on when you enter, but your situation when you get out. If you entered at 15k or 50k it doesn't matter because if you think the price will go up more then you think it will go up more and you should not sell, or if you entered at 65k or even at 69k brand new ATH but you think it will not go up more, then you will sell.

However, it does change based on your situation, because lets say you need money urgently, then even if you think it will go up, you still get out, you regret it but you have to because you need the money whereas if you have no rush and no need then you are not going to end up getting out at all. This is how it works in most cases and will end up going forward.

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Quote from: TravelMug on March 01, 2024, 05:38:49 AM

I will admit that I did sell a couple of weeks ago and damn, after that the price goes off the roof, but I can't help it, I need to help someone financially as he approach me and borrow some money for his electric bills and so I just give in because I was waiting for my salary that time but it's still a couple of days so I said to him that I will sell some. But it turn out that small amount of few satoshis turn into a bigger one as I gamble some of it. Anyhow, I can't get it back now, and so I still have a few sats that I'm going to keep and double it as much as I can and not going to sell and take profits until we are in the bull run for next year.

I had similar experience but then regretting wouldn't increase the money or my assets so I just had to let it go and hope I will grab a better opportunity sooner, I believe before the next bull run I should be able to get hold of an opportunity to be able to make up for this which I did lost but till then I will actually be looking out for another opportunity . meanwhile I will be gathering some funds to be able to grab any of such opportunity to be able to wait for the bull run where I hope to make just the best out of it.

Sometimes we don't have to regret when such opportunities pass by because that will only allow us nurse FOMO and we may even have worse experience with FOMO than we would have if we had just let go or even waited for an opportunity to come again because most definitely opportunities will always arise in the market and to be utilized by those who understands how well to make use of it.

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Quote from: Dailyscript on March 01, 2024, 12:53:01 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.

Is very hard to stay without thinking about selling because you might be tempted to sell just to see how much you're going to recover. We do have those who sell just for personal needs like you said and in some cases if they don't sell they have nothing to hold on to, this period is one of the best moment to delay in everything you do, keep on hodling maybe till the halving period that's if you can.
Bitcoin price is $66k and with those ones hodling is more profit and they'll benefit more if they keep on hodling, with time we might be seeing Bitcoin moving up to $75k+ from how the market price is at the moment, so I'd say is only the patient ones who can benefit at this time.

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Quote from: Nrcewker on March 07, 2024, 08:39:15 AM

As said earlier, don’t sell the coins if it’s not required. Bitcoins are very valuable. It’s valuable because these are limited in numbers. Now seeing the price rise, more people will try to accumulate the coins. Hence the demand to buy the coins will go up. Now as we know that the price goes up when buy orders are more. So the price will go more up. So to conclude, it’s beneficial if you don’t sell these precious coins.

You would really be only starting to make out those kind of regrets on the time that you would really be having that kind in need of money or on the time that you do see the price is really that rising up.
You would really be having that kind of thoughts that you shouldnt have spent up your coins when you do see that there's a price rally. Well, it is really just that on personal choice because we are
really that aware when it comes to that opportunity and chance for you to make money. There are people who dont really care and there are ones who do think for long term.

It is really just that depending on someones preference whether they would really be having that kind of approach in towards their holdings whether they would really be that
minding on accumulating and not tending on wasting it up or they would really be just that spending up their money or fiat when buying up something.
There are really just those people who are thinking up sensible in towards their ports.

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As said earlier, don’t sell the coins if it’s not required. Bitcoins are very valuable. It’s valuable because these are limited in numbers. Now seeing the price rise, more people will try to accumulate the coins. Hence the demand to buy the coins will go up. Now as we know that the price goes up when buy orders are more. So the price will go more up. So to conclude, it’s beneficial if you don’t sell these precious coins.

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Quote from: Mame89 on March 07, 2024, 03:46:37 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.

Quote

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.

I don't know what OP's problem about people who is selling their bitcoin knowing that this is their money and they can do anything they wanted to do and besides who will deny selling when we have experienced too much dumping in the past years.
and also those who have bought when the price is ranging 30k have already 100% or more profit so that is enough to sell for now.

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Quote from: Mame89 on March 07, 2024, 03:46:37 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.

You are right on that, it is a personal decision for an individual depending on when they entered the market. If you enter earlier and feel it is enough profit already you can get out. Like some investors are already planning to take their first profit at the time halving happens. There expectation is that price will start to drop at that point because other investors are targeting that time to get out of the market to wait for the historical correction until the rebounce happens and then they go in back. So if someone also considers a particular point to take profit, it is just as an individual decision. If during the bull proper, people set different mark to also cash out and that is not a community decision but according to what the person wants. So yes if you enter earlier and feel your have reached your target then such person can freely and easily pack their profit out. There are investors that are already in profit if you check from your calculations and that is just few months back.

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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.

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.

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Hard to argue with how people feel exactly, to make words to change minds requires alot of finesse especially across the internet. However a very simple point might be to never be absolute all in and never just sell off as if you absolutely guessed right where the best price is. Im presuming people are not gambling leverage but scale into and out of positions will enable an amount of learning far better then purely balancing everything on the end of a needle with only a single trade in and a single trade out.

Its very common in trading to scale portions of a position because you can never be sure but I accept some people want to take some profits to pay a forthcoming bill or whatever, that much is sensible. You can trade a held position or investment as people label it, the trade is the time and place of entering the order books and that point its fair to play each bit like a short term trade in that amount you are selling.

Right now BTC isnt a sell, not from what I've seen past vs present its volatility which is exactly similar to what we've had in the past when prices move about fast it will occur just like this so dont be too negative on it all even if its rough seas

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Quote from: ScamViruS on March 06, 2024, 02:45:14 PM

Quote from: nimogsm on March 05, 2024, 04:22:40 PM

Quote from: boty on March 05, 2024, 10:14:18 AM

Quote from: ScamViruS on March 02, 2024, 12:58:00 PM

Every investor has their own goals and they will give more importance to their goals due to which they take decisions considering the market conditions. Now if someone thinks that according to the market condition that this is the right time to sell then he will start selling even if we are not selling then he will still sell. It is free market and here everyone makes decisions from their point of view and takes profit. And those who have a long term vision don't really follow the market changes.

In fact they also have their own plan and set targets for when they will be interested in selling. So here everyone has set their own target, as a result of which everyone is among themselves, some are selling and others are buying.

It is true that every investor has a reason when they want to sell the assets they own, especially because they think the profits they have earned are sufficient and we don't have to follow other people in making decisions to sell or hold until the profits we can get are even greater and there are some people who really need it and don't have the savings to be able to fulfill what they need so they have to choose to sell even though the price will be detrimental to them, of course for those who have set a target they will wait until the assets they hold reach the appropriate price. which they have set just sell for the profit from holding.

This is the whole point.Only those who are focused on long-term investing will receive the greatest profit (there are, of course, those who trade and successfully) But the easiest way is to buy and forget for several years, as practice shows,this is the most successful case so far moment.The current turbulence in the market is precisely what will drive out those who do not know how to control their finances. At least until the halving, we need to continue accumulating savings.

Long-term thinking can give an investor a better return than spending a stressful life doing excessive trading. Because in long term investment an investor doesn't need very good knowledge about the market and also doesn't need market analysis, here just buy and hold bitcoin can get huge profit after a period of time. Yes, many traders make huge profits by trading because they have a deep knowledge of the market because they know when and how to enter the market.

If trading turns out to be giving out that excessive stress but something that profitable then i could really be able to ignore that stress and would really be continuing since it did really benefits me and also
we do know that dealing up with trading doesnt automatically means that you would really be that become successful. It would really be that still matter on how well you do have those kind of decisions you would be making.Selling out your coins into something not that important? You do know on where it would be heading on which it is really just that waste that having that kind of acts on which it might lead up
with those after regrets basing up on what you have done. Hold for long term and you would be able to see and cherish out those profits that you do make on just simply holding but of course it would be
depending on the coins that you've been holding.

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Quote from: nimogsm on March 05, 2024, 04:22:40 PM

Quote from: boty on March 05, 2024, 10:14:18 AM

Quote from: ScamViruS on March 02, 2024, 12:58:00 PM

Every investor has their own goals and they will give more importance to their goals due to which they take decisions considering the market conditions. Now if someone thinks that according to the market condition that this is the right time to sell then he will start selling even if we are not selling then he will still sell. It is free market and here everyone makes decisions from their point of view and takes profit. And those who have a long term vision don't really follow the market changes.

In fact they also have their own plan and set targets for when they will be interested in selling. So here everyone has set their own target, as a result of which everyone is among themselves, some are selling and others are buying.

It is true that every investor has a reason when they want to sell the assets they own, especially because they think the profits they have earned are sufficient and we don't have to follow other people in making decisions to sell or hold until the profits we can get are even greater and there are some people who really need it and don't have the savings to be able to fulfill what they need so they have to choose to sell even though the price will be detrimental to them, of course for those who have set a target they will wait until the assets they hold reach the appropriate price. which they have set just sell for the profit from holding.

This is the whole point.Only those who are focused on long-term investing will receive the greatest profit (there are, of course, those who trade and successfully) But the easiest way is to buy and forget for several years, as practice shows,this is the most successful case so far moment.The current turbulence in the market is precisely what will drive out those who do not know how to control their finances. At least until the halving, we need to continue accumulating savings.

Long-term thinking can give an investor a better return than spending a stressful life doing excessive trading. Because in long term investment an investor doesn't need very good knowledge about the market and also doesn't need market analysis, here just buy and hold bitcoin can get huge profit after a period of time. Yes, many traders make huge profits by trading because they have a deep knowledge of the market because they know when and how to enter the market.

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Quote from: boty on March 05, 2024, 10:14:18 AM

Quote from: ScamViruS on March 02, 2024, 12:58:00 PM

Every investor has their own goals and they will give more importance to their goals due to which they take decisions considering the market conditions. Now if someone thinks that according to the market condition that this is the right time to sell then he will start selling even if we are not selling then he will still sell. It is free market and here everyone makes decisions from their point of view and takes profit. And those who have a long term vision don't really follow the market changes.

In fact they also have their own plan and set targets for when they will be interested in selling. So here everyone has set their own target, as a result of which everyone is among themselves, some are selling and others are buying.

It is true that every investor has a reason when they want to sell the assets they own, especially because they think the profits they have earned are sufficient and we don't have to follow other people in making decisions to sell or hold until the profits we can get are even greater and there are some people who really need it and don't have the savings to be able to fulfill what they need so they have to choose to sell even though the price will be detrimental to them, of course for those who have set a target they will wait until the assets they hold reach the appropriate price. which they have set just sell for the profit from holding.

This is the whole point.Only those who are focused on long-term investing will receive the greatest profit (there are, of course, those who trade and successfully) But the easiest way is to buy and forget for several years, as practice shows,this is the most successful case so far moment.The current turbulence in the market is precisely what will drive out those who do not know how to control their finances. At least until the halving, we need to continue accumulating savings.

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Quote from: ScamViruS on March 02, 2024, 12:58:00 PM

Every investor has their own goals and they will give more importance to their goals due to which they take decisions considering the market conditions. Now if someone thinks that according to the market condition that this is the right time to sell then he will start selling even if we are not selling then he will still sell. It is free market and here everyone makes decisions from their point of view and takes profit. And those who have a long term vision don't really follow the market changes.

In fact they also have their own plan and set targets for when they will be interested in selling. So here everyone has set their own target, as a result of which everyone is among themselves, some are selling and others are buying.

It is true that every investor has a reason when they want to sell the assets they own, especially because they think the profits they have earned are sufficient and we don't have to follow other people in making decisions to sell or hold until the profits we can get are even greater and there are some people who really need it and don't have the savings to be able to fulfill what they need so they have to choose to sell even though the price will be detrimental to them, of course for those who have set a target they will wait until the assets they hold reach the appropriate price. which they have set just sell for the profit from holding.

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Quote from: Dailyscript on March 01, 2024, 12:53:01 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.

People invest for so many reasons, however you cannot tell them when and how to take their profit, and they could be collecting their profit for so many reasons is either they've been long time holder or they are collecting a percentage of their profit that they've held after a very long time, or they are just short time investors who feels the need to take profit. Everybody that has invested in Bitcoin is not just doing it for a Mere sake, those persons must have taken an informed decision.

Anybody selling now might have either bought during the bear run when the price was low and given the price today, he or she sure has gotten good profit. So every investor has their plan, those who are selling at the moment might actually be executing the long term plan they've had before now.

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Quote from: Dailyscript on March 01, 2024, 12:53:01 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.

who are you to hinder those who wanted to sell?

this is the problem with all those people that only talk when there is a bullrun but when the market is dumping theykept quiet .
people wanted to secure their profit so greediness will not cover their desire and may not bring them any further losses.
we have seen this happen many times and practically.

Quote

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,.

well with this I agree, that sometimes we must only act in emergency and not to take when you decided completely to HODL.

Quote

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.

your stand and we have ours, just do your own ma.te

Topic: Dont sell because you feel like selling, give it another thought. - page 2. (Read 632 times)