Topic: Holding BTC at this satge is a bad idea? - page 8. (Read 2363 times)
Holding BTC is a bad idea at any price. be trader(buy and sell) for any profit.
But I don't see it as bad idea cause if I could sold at $19000+ and rebuy now even at 6000 is much OK for me and even if I buy now and hold for long is the best option as btc will not stay in one place but will be doing up and down and with that we can buy and sell to have some profit for the time being.
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holding btc for current conditions is not a bad thing, it will look bad if it sells when the btc price is in a low position. we can see this as one of the potentials to gain profit in the future, so this is the best thing to hold
I wouldn't say it is a bad idea. If someone who bought bitcoins at higher price, say at around $7000-$8000, ends up selling now, they will be suffering from huge losses. Instead, it is better to keep on holding. You have already lost a lot, whats the use or the benefit of selling it in the end? You might just save yourself from further loss, but the damage has already been done. If you keep on holding, you still have a chance of at least making something back. Remember, the value just dropped, the amount of coins you are holding is still the same.
The market is still not really stable, should be observed further if the intention to invest.
It depends on your reason for holding maybe short or long term and also the time of investment. Answers to this question will determine what you would do. If you bought at low price and you intend to hold for long term, then maybe you should take some profit and keep some. But if you bought at high price and now you are at loss, you can only cut loses or keep holding. The final decision is yours.
I don't think so. Although Btc is dipping hourly, daily and weekly even with this I can see a bright outcome from this grave dip. So it's better to accumulate more from the weak hands now.
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?
so when is the time to buy and hold
If you bought at this price then I think you are in a good position by now.
It may go to 1500 USD but that could be the bottom of it until it goes being pumped again for a cheaper price.
Institutional investors wont go to an expensive item. They want it to be cheaper to gain more and bitcoin have ths higher percentage as their answer rather than stocks or gold.
I think you are already in a safe amount by now.
It may go to 1500 USD but that could be the bottom of it until it goes being pumped again for a cheaper price.
Institutional investors wont go to an expensive item. They want it to be cheaper to gain more and bitcoin have ths higher percentage as their answer rather than stocks or gold.
I think you are already in a safe amount by now.
Here you have to decide for yourself if you need money urgently, then you can sell your bitcoins and output all profit to fiat, and if you don’t take your time, then of course it’s better to wait for the market to grow and then you can fix the profit, but when no one knows the market will start to grow, we have been waiting for a year and may still have to wait a year or more.
I don't think so, holding bitcoin was never a bad idea. If there would be increasing of bitcoin's price next year, then it is good to hold, we must be possitive in inbesting bitcoin since its price staryed only for a few bucks. So bitcoin has a potential for long term investment, hence we should be confident enough to hold it, future investment on bitcoin is good. And in the long run we earn so much profit.
It is definitely not a bad idea to hold Bitcoin right now, because the price has fallen. It is a good idea to hold Bitcoin because it has potential of rising up to $10,000 so those holding it will enjoy huge profits when it rises.
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?
if everyone has the same opinion as you, then what happens is prices will continue to shrink because people will continue to sell their assets and buy at lower prices. trust needs to be grown so that demand can rise and prices back up, and we no longer need to do cutlose again.. 
I prefer to sell it but only partially, to minimize losses when the bitcoin falls lower, even though the market is down but there is still a possibility the market will rise again, so I will keep holding some of my assets until the price rises again.
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?
Today's down trend gives a lot of speculation whether bitcoin will survive or not. But for me, I will keep my eyes on the market. I already hold some and my plan is, if the price keep moving down, I will make another buy order. Will sell it in the future if the price soar again. The result for my action today, will be answered someday.
I will choose to sell to minimize losses if I don't have confidence in bitcoin. At the moment the market is falling low and there is still hope to grow, and even though the price of bitcoin is falling further and lower, I don't intend to sell it.
Probably yes. the price continues to go down and a lot of HODLers are not in the mood on holding their BTC anymore, I probably think that there are people who have set their price points whether they are to hold or sell their remaining Bitcoins, as Christmas slowly comes forth the price of BTC is not going so well, lets just hope that the year would end in a good way.
Holding right will be depend on how you strategized. As of today we cant tell if bitcoin continue fall of price yet we dont know also if it goes up. But one thing for sure. Bitcoin will have its value no matter what.
Yes, I believe that it is not yet the right time in buying more btc as the market keeps on going down drastically. People should refrain and observe the market trend and wait until they see it's improving. However, in this current scenario, people should hold their btc investment prior to selling for it will soon to recover since people will lose more. More patience is required this time and don't let your emotions dictate your decision making.
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?
You should be able to think far ahead. Bitcoin is a financial system that has a very large market share. With its development at this time, investing in Bitcoin can be an option.
Bitcoin prices are currently in a cheap price range, this is an opportunity because we can sell Bitcoin much more expensive in the future.
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