Topic: Dont sell because you feel like selling, give it another thought. - page 3. (Read 578 times)

And that is circulation also the reason why this is called currency to be circulated and if we are not into this then everyone will Hold? what will happen to the market, this is Supply and demand but nowadays Bitcoin has been used to be a complete asset and not the main purpose of creation to be a currency.

+1 and supporting this completely.

As a trader and investor of many years, I very much appreciate this advice even though it looks simple. Two things are being done in the market, it is either you Buy or you Sell, and doing either of these could Enrich you or make you Poor, which calls for care and caution in our decisions. So it's all about us.

Specifically for Bitcoin, one should know that this is the Bitcoin season, and no fear should be entertained because it is always bullish this season, so it should be rethought to liquidate one's asset to avoid regrets. I've made enough mistakes in my trading and investment plans in the past due to the lack of having a second thought as simple as it is. This is why I so much value this warning because it has helped me to avoid regrets. Many things cause traders/investors to liquidate their positions, and some of the reasons are emotional (especially for the FUD) rather than professional. So without writing stories, one should base the second thought on whether they are being Emotional or Professional in that decision they are about to make. The answer between the two should be the right guide for such a trader/investor.

It's really easy:

Buy when you can, sell only when you must.

Don't let price fluctuations interfere with that.

Well I think if a person is going to sell right now he is making a large mistake. We have the Bitcoin halving in less then 50 days from now.

Why are you going to sell your Bitcoin before this big crypto thing does happen? I just want to know now if this new Bitcoin price of almost 64k is for the halving. Or if we will see huge gains after 50 days if we get even bigger profits from halving.

Regardless of what will happen in the future I will still stick to what I am doing because my benchmark for releasing bitcoin is at the price of $100k as long as bitcoin has decreased in the end I don't have a problem with that because it can actually be a good option to increase the portfolio that I currently have, but when prices continue to grow to a greater value then my plan is to release little by little so that the benefits obtained can be greater because after all everyone must have several plans carried out and in this case I also have it.

I don't really have a problem with the decline that occurred because it is a risk and I have also felt worse when the previous decline so the temporary decline before the price touched $100k I think I have no problem being in bitcoin until that price arrives.

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.

Just like me when it comes or talks to my holdings on which there are really times or moments that you wont really be having any options but rather you should really be selling out a part of your investment
just because you are really indeed needing up some funds or money on which it would really be likely that it would really be your last option to take and would really be making out those sell earlier
whether its profitable position or simply still doesnt have much that movement. We cant really be able to make out such avoidance specially if you are really that indeed need of money.
It isnt really that much of a concern or really that a serious matter as long those kind of crisis or problems had been resolved out.

We should know that its very obvious that not everyone will be holding their bitcoin for that long without selling, some are selling while others are buying, this is what we will always have and see in the crypto markets, but if we must sell or buy, then we have to look around for the best strategic timing for doing any of these in other not to make us loose on being on our investment in any currency we are holding.

If others are selling leave them to sell their bitcoin or other coin but don't copy other individuals as their need are different from you. Selling of bitcoin is not a good idea of you sell it before Bull season because everyone is waiting for such timing when the price touch new ATH as that will be the better timing of selling your bitcoin.

I think keeping your bitcoin or other coin after Bull season will be a false decision because Bull season will end and you will miss the chance of selling bitcoin at higher price and again you will wait for another cycle and another Bull season. If you keep holding bitcoin then sell it during Bull season and buy again when price again gets lower so this will be a better way of getting profit.

I believe the decision to sell one's assets depends on every individual's personal goals and financial targets that they have always had since when they made their investments, so even if we believe the market will go way higher than where it is right now, some people might still find the current prices suitable for them to sell or at least take profit with a portion of their holdings because they might need to do that.
Some people might have a different strategy where they want to sell their assets and buy the dip again if there is one instead of holding their current assets. However, if someone has bought when the price of Bitcoin was very low, there is no point in doing this.

The rules are up to each investor - so I can be sure they have their own rules and goals.
They can sell some or all of it as long as they make a profit as expected - they can also hold it longer because they believe in greater potential.

I'm not selling not because I don't need the lifestyle and don't want to enjoy it - but I'm not selling because I'm still very optimistic about the great potential in the future, especially after the halving. I have a reserve budget that I can use when needed - it was part of the plan before I started investing. Selling because of profit is good - but stop selling because of panic.

Although I am in agreement with you, you sound so sure as tho it's inevitable for bitcoin to increase more after the halving, what if the bull run ends here what would we do?, And also if the price would continue to increase how ready in bitcoin size are we?.

Bitcoin is still a very volatile asset and can start decreasing in price right now, but for now with the facts available to us the demand of bitcoin has become very high and most holders are now moving their bitcoin from exchanges to self custodian wallets because of news about hacks and shutdown of exchanges so bitcoin is getting more scare now than ever, so we are sure that the price would continue to go up, so selling now would be a very bad decision and you would miss out on the rest of the bull, that's why I said in a previous comment that it's better to sell in percentage of profit made ontop your investment than to sell all, if you sell all you might find yourself in a bad situation if the price doesn't go down or even remains at your sell price, bitcoin could still really go up to 200% it's current price and hit about 150k this year and some are speculating that the bull would even continue into next year, so I think the thighter your hands the better, if you sell because of this initial profits you are damned to miss out on the main goodies when it comes.

Setting a plan is a must before we will engage into any form of investment, most likely if it’s about long term investment. While we need to put a lot of thinking into the potential coins we are going to buy, same also applies into setting a target selling price. The best time of selling is during a bull run, but it does not mean that you have to sell all at once. Sell only a portion of bitcoin and if you’re not actually needing huge funds, then just continue hodling while waiting for another bull run to experience massive profits again.

However, if you are facing financial shortage, then it’s never a wrong idea to sell all your coins in order to make financial gains. Your money, your rules. But make sure to invest again when you are more capable enough and have earned sufficient funds already to buy bitcoin most especially in the bearish market.

People's goals are always different if there is no compelling reason then agree there is no need to sell now because the increase will be even higher, maybe from those who still have a salary if it is enough then just use it but sometimes there are still people who want to buy luxury onions because they have seen profits in bitcoin.

I will not sell before the price of $100K even though it is now 100% profitable, this is still small if I say in bitcoin because before the halving the price was already this much let alone after it, of course I think about it knowing there will be greater momentum coming again.

Suppose you want to sell YES please that there is no right for others to prevent it but remember the HODL advice would be better than the current profit.

I understand what you mean Mate.
Holding, buying and selling of bitcoin is an investment, in investment what you should be concerned about is making profits and building your portfolio.
    I don’t think one can sell there bitcoin because they just want to sell, before anyone takes an action he/she have already considered it, not to talk of an asset like bitcoin which they already know the value of it. The truth is one can’t be holding and holding, if you want to be a long term holder I would advise you get another job and so you won’t be pressure to sell or use it up but when you solely depend on bitcoin there is no room of escape for you.
  OP make sure you also enjoy your dividend from bitcoin so that you trust the process…..there is a saying
Use your profits for yourself, to keep you on track for making more profit..

In essence one has a reason for any action taken, no one is ignorant of the possibilities of bitcoin but we must know that Bitcoin price won’t move linearly it will vary over time and prices moves up and down.

I do actually agree in to this one on which you would really be thinking about being profit is profit on which you would really be securing out those profits and you would really be telling into yourself that it wont really be that bad for you to at least getting some portion of those profits and would really be spending it up like buying up something like gadgets, leisure times or whatever on the things that you do have in mind.

If you are someone who do have that kind of investing minded kind of person then of course you wont really be making such action since there is really that an another priority which is to save up those coins as much as you could on which this is something that would be ideal and preferable. You've been pretty aware about the opportunity and the chance that you could make money if you do just simply hold it up.

Although not all things that been holded would really be ending up on having that price increase when market turns out to be having a bull run but
since we are speaking or talking about Bitcoin then we do really know on what comes next.

Fortunately, people sell their bitcoin, it is essential and they can even think about selling because it is time, regardless of what will happen tomorrow, there does not have to be an emergency.  This is in the case of ordinary people who do not do commerce as their main source of income.

Then there are the merchants who simply make profits, they don't even think about it.

Although the adjective speculate is refers to bitcoin, You do not speculate with your decisions, if you have to sell just do it.

I agree that selling it without a good reason makes no sense. I would understand someone who bought wholesale at 15-20k range who want to sell at 60k+ and then use that money for something else could make sense. I can see why that would make sense to take profit, but if you are going to take it out and put it into another investment then don't do it, just hold it and it will go even higher.

However, if you have a proper cause, like you will sell and then you will close up your mortgage payments, then yeah that would make sense. Sure I would still prefer holding, because it can go so much higher and not only it will pay your mortgage but it would also pay you more on top of it, but if you do that, then that is not a bad decision neither.

The common goal in trading is to get profit. If you are already in profit and you are okay with it despite you don’t have any things that you will purchased using the money is still good to sell because your goal is already achieved.

Selling your asset is not about whether you already using it or not but rather if your trade is already successful. I’m only putting money that I don’t have things to buy using it on crypto just to simply grow it. I don’t need something to buy if I will sell my asset that already in profit because there’s always an opportunity to enter in the crypto market even if the price goes 100K and above.

When we are making an investment, we must have a focus on a particular direction on what we are doing, same also applies to when we are planning to make sell, we have to know that the particular time we are selling is profitable for us to release at the moment or not, I've learnt that we cannot just engage doing anything on our own without having any direction toward a plan for it.