Topic: Dont sell off because of the period - page 5. (Read 1001 times)
One of the things I have come to understand or rather that exists in this space is that, once there is signs of growth for Bitcoin, many people won't mind selling to Bitcoin, because that is the best coin which gives good chances of growth; this same thing with Bitcoin is same with Ethereum as well. Also, people sell for different reasons one is investing in Bitcoin another is investing in a coin which has higher potential than the current one they are holding. Those holding altcoins like Ethereum and so on hardly sells anyhow but those holding most new altcoins are always quick to sell when the opportunity comes up.
We know that being a holder or trader is not easy. Need a lot of consideration and analysis. It must be based on sufficient capabilities and experience so as not to be easily influenced by other people's assumptions. All news and rumours certainly affect mentally, so we must have confidence and a strong conviction.
those who do that may intentionally make use of the BTL halving moment.
and there is nothing wrong with that.
maybe they are short of money so they sell their ltc to buy btc because they want to make a profit when halving happens and buy their alt again when the price is normal,actually this is the same as taking a risk.
what if altpoints fall when bitcoin goes up or the price of bitcoin won't go down after halving and keep going up
and there is nothing wrong with that.
maybe they are short of money so they sell their ltc to buy btc because they want to make a profit when halving happens and buy their alt again when the price is normal,actually this is the same as taking a risk.
what if altpoints fall when bitcoin goes up or the price of bitcoin won't go down after halving and keep going up
People associate success and safety with BTC. It is the most well-known and promoted crypto currency, and this offers investors a certain security. People are aware of the crypto potential and they know that BTC has overcome extremely difficult times. But altcoins certainly brings much higher profits than BTC, but the degree of risk is higher.
It already is a terrible idea to sell at this time considering that most crypto prices have fallen to their base prices and some of them at all time low. Truth is, this moment will pass and there will most likely be an improvement in prices of cryptocurrencies most especially with the Bitcoin halving just a few days away. Several analysts have forecasted increase in prices and this is already been seen with Bitcoin price climbing above $10k this week. The believe is that, the rallying of Bitcoin will filter down to altcoins culminating in a bullish trend. Hold on to your tokens, better days will soon be upon us.
Agree with you and i think it's a good move to not sell whole holding altcoin because of btc price rising. Sometimes altcoin price depend on btc but i would like to support your thought. There are plenty of coins which start with penny and now those are $20,$30 or 150$ just with in couple of years. So i think holding a good altcoin might be a game changer for us if we choose the right on.
if indeed you believe in altcoin that you hold and are sure to experience an increase, that's a good way to hold it for a long time, sometimes there are people who only save it without any prior analysis of the coins they hold,Yeah altcoin also can give you huge profit if you choose right one. Maximum altcoin are useless or trash but there are lot of project that have real product and their team always working hard behind that project. For success you need time and patience. Look btc popularity right now it didn't came in one day or months it's take lot of time and effort. So i think investing on good altcoin for long term is quite good idea.
I personally still hold some top coins like ethereum and bitcoin, I know in this situation the possibility the coin will rise higher hopefully in this period will bring a lot of profit to me because I hold coin it included in a long time
This is a basic consequence before proceeding further. Actually easy, all is the tendency of someone in making a decision whether he or she is an investor. each is also smart enough to manage and analyze their investments so they don't lose out. all moments or issues that develop also become reference material in terms of decision making when going to invest.
Dominance will probably be fixed. I don't know when and I don't know how it will happen but I am 100% sure it will happen. When the time comes altcoins will start going up. At one point bitcoin will go up so much that people will realize that they can't make profit from bitcoin. Now in that situation there is two options, most commonly and almost all the time bitcoin drops to a level that dominance will drop, that is the most common one.
Second one however is very rare and I can remember like 2 or 3 times before. Altcoins could increase to level with bitcoin, people could see they won't make money from bitcoin, so they will move that money to altcoins to make more profits. However do not hold your breath about that, it is really a rare thing to happen so I can't say it could happen that quickly.
Second one however is very rare and I can remember like 2 or 3 times before. Altcoins could increase to level with bitcoin, people could see they won't make money from bitcoin, so they will move that money to altcoins to make more profits. However do not hold your breath about that, it is really a rare thing to happen so I can't say it could happen that quickly.
on Coinmarketcap you can see the dominance of Bitcoin rose to 65%, and that's a high number for me, maybe also for us, so we can conclude that all traders and investors turn to Bitcoin because Halving will try to raise prices, and Altcoin is a victim , you are right if we sell Altcoin now and go for Bitcoin, maybe this increase is just an illusion, and we could be trapped like 2017
I agree.
Don't regret it later when you suddenly see your own bought altcoin suddenly pumped up.
If it is talking about profit then let it be for a while.
Better to just keep another savings for opening a bitcoin investment.
Mistakes mostly happen when riding a boat that is going up. Most of the time it doesn't go for a long time.
What if you are in the wrong time frame of buying it? You cannot go back into selling bitcoin and then buying back that alt. That is loss already.
Don't regret it later when you suddenly see your own bought altcoin suddenly pumped up.
If it is talking about profit then let it be for a while.
Better to just keep another savings for opening a bitcoin investment.
Mistakes mostly happen when riding a boat that is going up. Most of the time it doesn't go for a long time.
What if you are in the wrong time frame of buying it? You cannot go back into selling bitcoin and then buying back that alt. That is loss already.
For me I wont invest now just because I see the price increasing, we cant guarantee if in the coming days price will consistently moving upward. It can decrease right after you buy since btc is unpredicted, this growth might be temporary and will last for short period so its better to wait for a dip unless you're prepared whatever the outcome of your investment.
If you're holding a good alts dont sell to switch for btc now because the current price of btc is not cheap unlike few weeks ago so stick to your alts and wait for right timing when to buy btc.
The value of Bitcoin is constantly changing over time and certainly you will not be able to predict anything when choosing to invest in this coin. In fact, the analysis is only correct 60% when the market starts to trend up and 40% will depend on the psychology of investors when buying. If you're holding a good alts dont sell to switch for btc now because the current price of btc is not cheap unlike few weeks ago so stick to your alts and wait for right timing when to buy btc.
I usually buy when the value of some coins begins to change drastically because it's often an opportunity for you to make a big profit in a short time.
Do you have seen this type of uncertainty like this situation ever? I didn't yet but this could be both better and worst for anyone, so it's a very crucial time to get rewarded because of many reasons, Due to this pandemic situation there are many people losing their job and earning source so some people are being stopped investing due to lack of money and some people are withdrawing their investment due to make up their daily essential needs so cryptocurrency world also will get a shake very soon, either the price will go high for Bitcoin halving or Altcoins price will go down due to this current crisis, that's why It's wise to hold your Investment and have to believe that Cryptocurrency will bring a good fortune in the coming days.
Most times selling off has to do with emotions and fear of the unknown, but then if one can alway put your emotions under check,it will help especially when you do your research before buying a coin,you will really not sell off,cos the moment you dump your coin,you sell at a loss. That is why I prefer coins like bitcoin,no matter the fall, it will surely rise.
Am not the one to endorse all altcoin, or point someone to the direction of trading or investing in one. But am the type of investor that does believe in shaking or shivering with situation.
Bitcoin is rising and thats good. Rumors can say the up coming bitcoin halving has something to do with it.
Many are now quick to sell off altcoin that they have been holding with so much promise.
This can be of bad consequences, I am the one to always invest in BTC if I have the found to get one, but I did not invest in bitcoin because of increasing price.
What you tend to loose selling of your coin
+ all your time of investment would become in vain: long term holder of altcoin should not without a thoughtful look sell off there coin
+ things might not go as you planned: the ball can go two ways, one it can go in your favour and two go against you.
I understand that investing in something more promising -bitcoin for example- is productive, but rather than, selling off just invest in it with available raw capital.
Bitcoin is rising and thats good. Rumors can say the up coming bitcoin halving has something to do with it.
Many are now quick to sell off altcoin that they have been holding with so much promise.
This can be of bad consequences, I am the one to always invest in BTC if I have the found to get one, but I did not invest in bitcoin because of increasing price.
What you tend to loose selling of your coin
+ all your time of investment would become in vain: long term holder of altcoin should not without a thoughtful look sell off there coin
+ things might not go as you planned: the ball can go two ways, one it can go in your favour and two go against you.
I understand that investing in something more promising -bitcoin for example- is productive, but rather than, selling off just invest in it with available raw capital.
I agree, many players sell altcoin when the price of Bitcoin rises but if we have decided to invest for the long term on altcoin that has large transactions, I don't think we need to panic to sell it when the price of Bitcoin rises before halving
For me I wont invest now just because I see the price increasing, we cant guarantee if in the coming days price will consistently moving upward. It can decrease right after you buy since btc is unpredicted, this growth might be temporary and will last for short period so its better to wait for a dip unless you're prepared whatever the outcome of your investment.
If you're holding a good alts dont sell to switch for btc now because the current price of btc is not cheap unlike few weeks ago so stick to your alts and wait for right timing when to buy btc.
If you're holding a good alts dont sell to switch for btc now because the current price of btc is not cheap unlike few weeks ago so stick to your alts and wait for right timing when to buy btc.
I also think that it is always necessary to invest in bitcoin.
It's not necessary to invest in bitcoin but bitcoin is the only crypto that gives more guarantee rather than another coin. That becomes the main consideration by all of bitcoin holders to hold bitcoin. If you were starting with small money and that needs a lot of time to get profit.
Bitcoin is not a suitable investment for small amount of money.
We all have our aims in crypto world but I don't see anything wrong in selling off, Bitcoin hit 9400$ a day ago and now struggling at 8000+, if you've sold at 9+ you can easily buy back at 8k, that's more satoshis for you, don't just hold, play smart
Yes, that's right, in the crypto world everyone has their own goals, and the main goal is to make as much profit as possible, so it's impossible for a trader to sell his coins or tokens in the market. 
Most often all we tend to do is Panic selling. Eiii my coin is losing it value then sharpest we find someone to sell to which is sometimes funny. I always say if you don't need monies urgently there is no need to lay off your Alt so quickly. Some coins will definitely sail out and cause a big change in your life. Just be patient with your Alt coins, their time will surely come.
indeed, only traders who cannot manage their finances and manage their emotions will sell at low prices because they may be in need of money and do not provide special money for trading so that they will only always suffer losses, different when they can manage money specifically trading and will not sell it when the price is falling and will only sell it when the price goes up to be expensive. I also think that it is always necessary to invest in bitcoin. Even if you invest a little bit every day, then in the long term you can get a good profit. There are even special services for auto buying coins every day.
This thing you said has been done for a long time by many people and by people who already know bitcoin first, so when I read your comment it looks like it's out of date, even though I respect every phrase from others.It; is also surprising, to see someone do that in this dispensation.
I have personally not heard of that ever since I have been in the space. Perhaps he will be able to explain it better because I only feel that buying should be done by the person in concern and not to be automated. If it is automated, then it is possible for the system to help to buy what you do not want.
Maybe I do not understand and I need it to be put clearer.
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