Topic: Don't sell in loss (Read 657 times)

That's a very good advice, many peopel our of fear and panic sell their crypto in loses when if they held longer they woudl have raped the fruit if their havest in bitcoin but instead they let fear overwhelm them into selling so early and in lose, but to me ots not how many times you fall is how many times you rise back, you have to get back on your feet and buy again and start holding again and next time do better.

It depends on the project we we talking about here, at times it's better to sell at a loss than to keep on holding some some coins when you know that some are just pump and dump shit projects, but when it comes to the real dela which is bitcoin then you shouldn't sell in a loss and hold cause you bitcoin has its seasons and so far we have enough reason to belive that bitcoin would always rise back if it falls.

Every dip is an opportunity to buy more and not to sell, whoever sell at dip do not understand how the Bitcoin price works, it's no brainer to use Bitcoin for daily expenses if you must hodl it should be for a long term expectation and only sell at profit ( the whole holding plan is to make profit) and then take advantage of a dip ans to buy again. Rinse and repeat.

Does it mean that using the DCA method will not make one to sell his bitcoin anymore? Let me ask, assuming you are doing DCA now that we are relatively in a bull season and you continued unto bear season, what will you do when you see the bitcoin you buy at higher prices going down in worth after you watched them go so high maybe when we will see the high of this bull season.

at some point in time if you're not earning enough as before all you have to do is reduce your investment capital until you begin to have enough again, since we are not being forced into it we should do it with our discretion.


Things you must put into consideration is to always have your emergency funds so you don't end up looking for what to feed on when the time comes because it's very important to feed yourself first before investment.

Like you I choose to deposit bitcoins in DCA method which doesn't worry me during various pumping and dumping. I decided to run DCA for a long period of time to increase the size of my bitcoin stash on a large scale. The amount deposited each time should be arranged in such a way that there is no shortfall in the daily needs of the family. Even during the bearish season, we increase the amount of purchases, which accumulates more bitcoins at the same price in the future.

I have been doing DCA for a while now and to be honest it's one of the best decision of my live when it comes to crypto because when we do DCA we don't have to bother about pump and dump because we will keep accumulating and after a years or so if you look at the price you will be surprised to know your profit. The majority of us make the mistake of getting into day trading as a part time players which is the root cause for failure because trading cannot be part time stuff.

I have been doing DCA for a while now and to be honest it's one of the best decision of my live when it comes to crypto because when we do DCA we don't have to bother about pump and dump because we will keep accumulating and after a years or so if you look at the price you will be surprised to know your profit. The majority of us make the mistake of getting into day trading as a part time players which is the root cause for failure because trading cannot be part time stuff.

Before you venture into bitcoin investment you should have a plan on how to go about your bitcoin accumulation.the strategy that will be favorable for you , but I would prefer dca method of accumulating bitcoin because with this method you be able to have an emergency fund which will make you not to temper with your bitcoin portfolio .moreso ,the duration of your investment should be part of your plan ,how long you intend to hold ,is it 4-10 years or longer.The reason why most people sell their bit coin even when there investment is still at early stage is because of lack of trust in bitcoin, that is why once bit coin dip they begin to panic forgetting that bitcoin is volatile and selling the little they have in their portfolio

Bitcoin has been  in Dip for some couple of weeks lately  before and even after the long awaited BTC halving, although there were some scenarios of btc losing values to other alts because of the congestion of its mempool leading to high transaction  fee after halving period which also contributed  to more Dip  .
However at this period ,don't be overclouded by your Emotions towards selling your BTC in loss  just because  you aren't  getting  the kind of result you thought you should  because  most people  thought the Bull run will begin immediately  after the halving, even some analyst might have claimed that  but remember  that those were all Speculations  of future event.

Thus, at this period  many alot of long term investors will be separated from short term investors,I hope you aren't  one of them...
Besides reviewing the previous halving there were dips compared to the volatility  of the bitcoin market then ,I made a thread about the review of the halving pattern Check Here

Let's  take a look again,just as I've  posted In the thread



Color code

|   Red:    Halving |

|   Blue:   ATH      |

Those are the keys above add I think the table is self explanatory.

Now lets start our review from 2016,
We started with $434  and we had a low of around $351, well not too  low comparing, now checking  the following  year, we had $966as start which means there had been a bullish market towards the ending of 2016 since its  high was around  $981.
Now when we take a look at the following  same scenario  repeat  itself in 2020 and 2021...

This is 2024 It's  seem we had some early bull which was before the halving and even gave us new ATH  but we are yet to see our  bull run that was too early for a bull run maybe... Not taking to hard, our bull run might not follow the previous  halving  pattern we might even have a early bull run, even  any moment from now  so my give out will be
Keep your holdings and Don't sell in loss

From my observation many newbies de expect bull run to start immediately after halving, but as e no come happen like that, many of dem come de panic, unto say price fit continue to de dip and dem go wan sale di Bitcoin wey dem de hodl. Dis na my first halving experience and I don carry out research to understand say bull run no de happen immediately after halving, e go take some months before e go start. So infact na opportunity to de accumulate if person get di money, as di price still de dip, because for di peak of bull run na correct ROI de await di patient investors.

Yes that is right, that is why any one investing in Bitcoin need to gather knowledge by studying the market and how the system work it's not all about investing but getting it right. One thing is to invest another is to make profit by allowing the market through observing the thing that makes investor make the real profit and this can't come without good knowledge. Every dip is opportunity to accumulate as much as one can why awaiting the bull, it's even more profitable to buy and hold for long if the investor is of good plan before investing by keeping some fund or emergency fund that can help not to rush into selling when the market is not favourable, these are achievable with good knowledge.

Before person go say him wan get to do anything wey concerned Bitcoin the person for don first know the full or small details of how things are done so if you make any mistake or sell your coins at a loss then dat one na you sabi. Many Bitcoin investors today all get different idea on their investment plans so for them to buy Bitcoin and save am na dem still know when dey okay for them to sell am.

My brother, to tell you the truth, person wey sell at this point na him do him self oo, because just imagine say I been don dy hold since, na now wey be dieing minutes nai I go come go sell? No na, even my ancestors no go happy with me if I fuck up like that, unless na person wey just come into the crypto industry go sell now, particularly at a loss because of fear say e no go fit recover.

So just as the historical figures wey the op don list down already, it shows that comes rain sunshine Bitcoin will always rally back and reward his loyalist or it patient holders, so it's best that we hold firmly even wen we dy tempted to sell, abeg na dieing minutes we dy now, no be this time we surpose give up, think and act wisely abeg.