Holding BTC at this satge is a bad idea? - page 10.

Juggy777

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Quote from: sudeshkumar on December 06, 2018, 06:03:02 PM

BTC is showing weakness and loosing ground day by day I think it is the time for the investors to book profit who are on profit and minimize losses who already suffered a big loss. Can anybody enlighten me on this issue now?

Hey I understand that the downfall in prices have spooked you, and you wish to initiate a panic sale but do not do it as you'll incur more looses than profits at this stage. It's been a tough year for bitcoins, and the past few days have broken all resistance levels which led to investors into panic selling. I believe that it's only a matter of days now before we see a recovery as Nasdaq is coming with Bitcoins futures which shall propel bitcoins prices upwards. Also I feel that in February hearing Sec shall pass Bitcoin Etfs, and plus there's Bakkt also coming so hodl for few days.

Zaarin

newbie

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Everyone of us now was encumbrance loses we invest or we attain bitcoin behind the value was tall but now it continues falling therefore it means yet share our coins. Holding is not the bad idea but you are thinking that selling your coins in the demean price therefore that is not the satisfying idea. The best thing to get your hands on was invest get sticking to of more bitcoin following the value is low and be beached on for the long term and surely the value will rise and you will earn.

Eraldo Coil

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Quote from: sudeshkumar on December 06, 2018, 06:03:02 PM

BTC is showing weakness and loosing ground day by day I think it is the time for the investors to book profit who are on profit and minimize losses who already suffered a big loss. Can anybody enlighten me on this issue now?

It depends on how much money you invested. Surely, if you bought bitcoin at a lower price, then it is still good. But if you bought bitcoin and a higher price than this, then you should hold. Because you haven't taken the loss if you still hold your coin. That's the best move right now especially if you're not gonna earn a lot of profit.

Captain Sneeze

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Quote from: sudeshkumar on December 06, 2018, 06:03:02 PM

BTC is showing weakness and loosing ground day by day I think it is the time for the investors to book profit who are on profit and minimize losses who already suffered a big loss. Can anybody enlighten me on this issue now?

Holding isnt bad idea during this time , it will help you to avoid losing money. Wait for the right time to sell it so dont have any regrets at the end. You need to be patient enough to survive in this kind of happening , because I know that some of you already sell your btc and been sad for the outcome. Well the choice is on your hand , it depends on you.

Marshall14

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If you sell everything off right now,there is a huge possibility you'll be kicking yourself in the coming years,if you're still holding on, then you haven't incurred any loss as of yet, ateast until you sell, so just hodl on if you really can survive in real life without the cash
Long term is gonna be profitable for the bitcoin,at this moment it's nothing to write home about

Indrawan77

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It could be yes and no, depend on how long you can hold your bitcoin, for long term I see a great future ahead, but for short term I don't see we can make any profit, the price tends to fall down and stagnant, holding might be great option if you got huge capital to stock bitcoin, and I don't suggest to do any unnecessary sell, holding is still better than selling

dothebeats

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I would liquidate if I don't have that much money, but for those who can bear the losses, holding is the only option, and you can't take losses if you don't sell, though if everyone sold their bags, you're left with useless piece of code on your machine (which is still unlikely to happen). I guess holding is the most painful yet viable thing to do, and just do some other things while the market is down.

rosepetals

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Quote from: sudeshkumar on December 06, 2018, 06:03:02 PM

BTC is showing weakness and loosing ground day by day I think it is the time for the investors to book profit who are on profit and minimize losses who already suffered a big loss. Can anybody enlighten me on this issue now?

Yes there are times like this but i think you must never have of your holdings because recovery needs time.Theres always a correction happening in the crypto community so we must hold for now.We might wake up one day regretting because we got panic sell when bitcoin have in its downfall.

aoluain

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Quote from: kelz1 on December 07, 2018, 02:42:53 AM

Holding bitcoin now really is a bad idea, at these prices we should all be buying more, it is crazy to think what is happening right now. Next year will be a better one for sure

Yea the best thing to do now is sell, sell it all, turn off your lights and
go to bed, forget all about bitcoin and hibernate. When you come out
of your hibernation and bitcoin is at 5000, 8000, 12000 buy again!
Because there is a group of you who do the wrong things at the wrong time.

I know this first hand, a person who I introduced to bitcoin last year
still cannot understand what to do. Only last weekend they came to
me and said they wanted to sell, "im fed up with this" but when bitcoin
was on a slight rise last week they wanted to buy.

Why would you sell when the value is down? Because you are part of
the "buy high, sell low" crowd.

You have to analyse this and figure out what is wrong, "BUY HIGH, SELL LOW"
If you cannot work out what is wrong, well then......

geminiboy

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Quote from: sudeshkumar on December 06, 2018, 06:03:02 PM

BTC is showing weakness and loosing ground day by day I think it is the time for the investors to book profit who are on profit and minimize losses who already suffered a big loss. Can anybody enlighten me on this issue now?

what you think about in bitcoin investments that are clearly at high risk for loss, minimize losses is not the right step for you to do now, let the market fluctuate without clear control, this is a war that we have to win and you don't need to despair

kelz1

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Holding bitcoin now really is a bad idea, at these prices we should all be buying more, it is crazy to think what is happening right now. Next year will be a better one for sure

digitalcryptocoin

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I saw still many people are making skeptical statements. If you really believe in Bitcoin then its no matter whats happening to its price.
I personally believe in blockchain technology. Which is really revolutionary and have potential to change worlds business and economic parameter.

But according to current market rate of BTC selling is very bad idea but at the same time Holding is also not good idea.

xuv500

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Quote from: sudeshkumar on December 06, 2018, 06:03:02 PM

BTC is showing weakness and loosing ground day by day I think it is the time for the investors to book profit who are on profit and minimize losses who already suffered a big loss. Can anybody enlighten me on this issue now?

Cryptocurrency is in bear mode now no one knows what will happen in upcoming days but big whales are enjoying by filling their bags buying coins in cheap prices, crypto is for those who have patience else nothing can work out here.

globalking

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POINTPAY

No holding at this stage is not a bad idea, in fact, this is the only option left otherwise you will regret it once bitcoin starts its bull run.

Periodik

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Quote from: sudeshkumar on December 06, 2018, 06:03:02 PM

BTC is showing weakness and loosing ground day by day I think it is the time for the investors to book profit who are on profit and minimize losses who already suffered a big loss. Can anybody enlighten me on this issue now?

It is entirely your call. For sure, you are reading opposing views on this. Even experts and long-time BTC supporters have different takes on this. I, however, would prefer to HODL because I am already losing. I just would not accept a losing end. At the end of the day, I am 100% percent sure that this downtrend streak is temporary. I am counting on the early weeks of 2019 for the recovery.

Pursuer

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Where is my ring of blades...

it depends on why you bought bitcoin in first place.
if you bought it because it is a decentralized currency or if you bought it because you wanted a long term investment in this scarce currency with a bright future and a lot of potential then selling is the dumbest idea ever since you are not a day trader!

but if you are a day trader and have bitcoin as a tool to make money then it is true, it is a bad idea to hold bitcoin. you must have sold it yesterday and then started buying it back today by placing multiple buy orders at different price levels to make profit.

anything else apart from the above two does not work.

Hustinog

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You know what, there is an alternative way to overcome this problem. For example, buying coins. You already stated that day by day crypto's price is dropping and you know, when the price is low, it is the best time to buy a coin. It ain't a bad idea if you hold now. You know that the price is dropping, it might be disappointing but it affects nothing if you just hold. Maybe if you sell, you'll suffer. It is a matter of patience.

Kakmakr

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Bleep Bleep, "Hodl Hodl" Bleep Bleep. Bot signing off. Grin

A lot of the people that are complaining now, were not complaining when they made 800% profits in 2017 or when they were too greedy to sell, when the price was at a all time high.

You can only join the butthurt crowd, if you panic too quickly and sell at a loss. Roll Eyes

A large group of long-term Bitcoiners went through several dumps like this before and we came out of that with massive profits in 2017. If you invested, "only what you can afford to lose" and you have the balls to ride out the dumps, then your reward will be so much bigger, when the price recover. Wink

nellakarisma

full member

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that's really true bro. precisely now all we have to do is. short-term investment. rather than having to save it. because I am very sure. if the price of bitcoin and etherium. will drop again .

biskitop

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arguably bitcoin is currently experiencing the sharpest decline, but that doesn't mean the BTDC hodl is a bad thing. bitcoin will definitely rise again to the moon, if it's not mid-month there will be a bull run, then next year.

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