I have BTC. Should I sell or hope for price to rise?

praprata

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Quote from: JB0011 on June 22, 2016, 02:10:35 PM

I basically know shit about how BTC works. I received a payment in BTC when price was $750 a few days ago. My lazy ass didn't sell it right away and now I am panicking. Current price is $618 and it keeps falling. I'm panicking. What should I do? Should I sell it right now or should I wait and hope for the price to rise back to $750 or at least closer to it?

I would wait for the price to rise again because then you are going to be able to make more instead of selling them right now.
I do nit think that you are going to wait a long time before the price starts rising again.

pitham1

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Quote from: Tippingcoin on July 06, 2016, 09:05:18 AM

Quote from: JB0011 on June 22, 2016, 02:10:35 PM

I basically know shit about how BTC works. I received a payment in BTC when price was $750 a few days ago. My lazy ass didn't sell it right away and now I am panicking. Current price is $618 and it keeps falling. I'm panicking. What should I do? Should I sell it right now or should I wait and hope for the price to rise back to $750 or at least closer to it?

You should hold it for at least 10 years, it will certainly be worth more.

That is if he is able to. We don't know how much he received and how soon he needs it.
Uniform advice won't work for everybody.

italianobitcoin

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Forza Italia

Quote from: Tippingcoin on July 06, 2016, 09:05:18 AM

Quote from: JB0011 on June 22, 2016, 02:10:35 PM

I basically know shit about how BTC works. I received a payment in BTC when price was $750 a few days ago. My lazy ass didn't sell it right away and now I am panicking. Current price is $618 and it keeps falling. I'm panicking. What should I do? Should I sell it right now or should I wait and hope for the price to rise back to $750 or at least closer to it?

You should hold it for at least 10 years, it will certainly be worth more.

Lol 10 years seem to be a bit pessimistic or optimistic, just how you look at it.
But yes holding now and waiting for a increase of a period of 2-3 years is probably the best thing you can do. Most analysts are optimistic on the long term.

Tippingcoin

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Quote from: JB0011 on June 22, 2016, 02:10:35 PM

I basically know shit about how BTC works. I received a payment in BTC when price was $750 a few days ago. My lazy ass didn't sell it right away and now I am panicking. Current price is $618 and it keeps falling. I'm panicking. What should I do? Should I sell it right now or should I wait and hope for the price to rise back to $750 or at least closer to it?

You should hold it for at least 10 years, it will certainly be worth more.

BTCLovingDude

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BTC to the moon is inevitable...

Quote from: SquallLeonhart on July 06, 2016, 05:24:24 AM

Quote from: Legasean on July 06, 2016, 04:20:34 AM

Ïf you have allot of bitcoins i would say just hold them till the end of the year because the price will be positive in the end of 2016 and if you dont
believe me you can sell them now but you wont make any profit with it i think.

Profits depends on what price you have purchased your coins, if current price is higher for you then you should sell your coins and make profits from it and buy it again when price drops.

you will never regret holding bitcoin even if it goes down, it will come back up. but the only difference would be if you have bought bitcoin at a high price in a bubble then you have to wait a very long time to get back to the price of your purchase. so make sure to buy before it is a bubble.

SquallLeonhart

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Quote from: Legasean on July 06, 2016, 04:20:34 AM

Ïf you have allot of bitcoins i would say just hold them till the end of the year because the price will be positive in the end of 2016 and if you dont
believe me you can sell them now but you wont make any profit with it i think.

Profits depends on what price you have purchased your coins, if current price is higher for you then you should sell your coins and make profits from it and buy it again when price drops.

Legasean

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Ïf you have allot of bitcoins i would say just hold them till the end of the year because the price will be positive in the end of 2016 and if you dont
believe me you can sell them now but you wont make any profit with it i think.

Legasean

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Off course that is why we are investing into the bitcoin so you invest into the bitcoin and wait till the price is going up dont you everyone is doing
it this way is it the fastest way i dont think so but it is working.

HilbillyFred

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If you have bitcoins i would say just wait till the end of the year if you see that the price is not doing anything positive you should sell them
for sure but i can tell you the price will be high at the end of the year.

torrentheaven

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Quote from: randy8777 on July 06, 2016, 02:17:35 AM

Quote from: romero121 on July 06, 2016, 01:42:47 AM

The price has not started to increase after the fall from the price around $800. Now only minor variations were taking place. Its better to hold till halving because most users have quoted that there is high possibility for increase than decrease.

maybe that we will not see much increases as we are heading very close to the block halving now. looks like we have already seen the rally which brought the price very close to the $800 price level. maybe that we'll see $700 again just before the block halving, but not more than that. people now seem to be waiting for something that might not come anymore.

Exactly, its difficult to see price going beyond $700 at halving, last pump has increased the expectation level of people, as people started to hope that price will touch $1k mark at halving which is not possible now.

randy8777

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Quote from: romero121 on July 06, 2016, 01:42:47 AM

The price has not started to increase after the fall from the price around $800. Now only minor variations were taking place. Its better to hold till halving because most users have quoted that there is high possibility for increase than decrease.

maybe that we will not see much increases as we are heading very close to the block halving now. looks like we have already seen the rally which brought the price very close to the $800 price level. maybe that we'll see $700 again just before the block halving, but not more than that. people now seem to be waiting for something that might not come anymore.

romero121

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casinosblockchain.io

The price has not started to increase after the fall from the price around $800. Now only minor variations were taking place. Its better to hold till halving because most users have quoted that there is high possibility for increase than decrease.

rphk

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Do not get panic , Hold it for few more days ,there bitcoin halving is going to happen ,probably after that bitcoin price may go high and that time i believe you will be able to sell that .

Herbert2020

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Quote from: krishna1 on July 06, 2016, 01:12:45 AM

No bro don't sell the Bitcoins because halving is coming and on halving there is 90% chance of price increase. So I suggest you to wait a few days for the price increase and then you can sell your Bitcoins.....

if you are just waiting (hoping) for a price rise to dump bitcoin then you better get out now because you have no idea what bitcoin is and you are missing out on the best technology in the financial world.

and thinking this way will always lead to panic selling because people like this are just waiting for the profit $$$ to dump and get out and with slight dip they panic about missing out and start dumping.

b0art

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Don't sell BTC. People need to be buying more btc.
Remember. there can only ever be 21m bitcoins.

krishna1

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No bro don't sell the Bitcoins because halving is coming and on halving there is 90% chance of price increase. So I suggest you to wait a few days for the price increase and then you can sell your Bitcoins.....

pooya87

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Quote from: JB0011 on June 22, 2016, 02:10:35 PM

I basically know shit about how BTC works. I received a payment in BTC when price was $750 a few days ago. My lazy ass didn't sell it right away and now I am panicking. Current price is $618 and it keeps falling. I'm panicking. What should I do? Should I sell it right now or should I wait and hope for the price to rise back to $750 or at least closer to it?

your first and biggest mistake is accepting something (bitcoin) without knowing what it is! sorry to be so blunt but you deserve to lose money.

and this is one of the biggest reasons why bitcoin price is going down this much. because market is filled with people like this who don't know anything about anything and they just jump in and out based on panic and they are only filling the pockets of manipulators.

DoublerHunter

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For me it's best to hold your btc and just hope for the price to rise because now the price drop is just for a short time and i think that bitcoin price will rise again because many users especially traders will buy bitcoins now because it's a lot cheaper now than before. So just hold it and wait for a few more days or weeks and if you think that the price reach your expectations and then sell your coins.

Tanic

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If u don't need money too much just keep it. The price for bitcoin may fall even lover than 600$, but it will rise again for sure. So just chill your head, stop to panic and just wait the time to come.

kik1977

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Wherever I may roam

None of them. Hold your coins and plan to use them (use, not sell) in future when they are accepted everywhere!

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