You bought Bitcoin when it was still at the price of $ 28,000 and I'm sure you were satisfied when you saw the price of Bitcoin go up to the price of
$ 41,000. If you take profit when the Bitcoin price is $ 41,000, it means you are a lucky person, because you can get large profits in a relatively short
time. But if you still HODL the Bitcoin you have, don't panic seeing the current corrected Bitcoin price. Since the price of Bitcoin will definitely go up
again, we as Bitcoin holders just need to be patient.
Topic: I was not wrong to bought bitcoin. - page 8. (Read 1466 times)
So happy you bought at the right time and now it is very increasing.
Did you sell your BTC to take profits?
Selling at a certain rate to get profits is important. However, you may also think about long-term investment. If you think that trading Bitcoin or short term investment right now is better to get more profits, sell high and then buy again and the market is a correction, just do it by your own desire.
However, if you really want to hold BTC, it is not wrong, it is also good for the long term. But of course, pay attention to the risks that the risks also will be required.
Short term and long term are all good to depend on how we set the portfolio of Bitcoin itself.
Did you sell your BTC to take profits?
Selling at a certain rate to get profits is important. However, you may also think about long-term investment. If you think that trading Bitcoin or short term investment right now is better to get more profits, sell high and then buy again and the market is a correction, just do it by your own desire.
However, if you really want to hold BTC, it is not wrong, it is also good for the long term. But of course, pay attention to the risks that the risks also will be required.
Short term and long term are all good to depend on how we set the portfolio of Bitcoin itself.
I bought Bitcoin a few days ago for12 thousand dollars. At that time the price of one bitcoin was 28 thousand dollars. At present, the price of Bitcoin is 37 thousand dollars. Which is really good news for me. I made a post after buying bitcoin to see if I made a mistake in buying bitcoin. I was convinced that I had done nothing wrong and that it was now clear.
It is not a mistake if you have purchased bitcoin at the price of $28k. Bitcoin will continue to make new prices, although for now $28k looks expensive. But in the future the $28k price will look very cheap. Although bitcoin is currently undergoing a correction, you don’t have to sell it. Or if you want
to sell it now because of panic, it’s legal, you can buy it again when the price is low, but I’m not sure if bitcoin will lower its price too deep. But
I’m sure bitcoin will soon raise its price slowly.
Indeed, you didn't do something wrong especially when you bought bitcoin. Moreover you have benefited now from you decision before. But, I have told in my previous comment that currently is a good way for short term investment. Unless, you have made a decision for long term investment like three or five years ahead, you just put them in your wallet and let them come back again when three years have been passed.
But, if you choose short term investment seem like you must put a sell target when you have bought bitcoin. The current bitcoin price movement is so impressive, up drastically at least there was no correction especially in one day time frame. So, I can be comfirmed when the correction comes the price will fall sharply. Like now, just need a few days its price fall for more than $10.000.
But, if you choose short term investment seem like you must put a sell target when you have bought bitcoin. The current bitcoin price movement is so impressive, up drastically at least there was no correction especially in one day time frame. So, I can be comfirmed when the correction comes the price will fall sharply. Like now, just need a few days its price fall for more than $10.000.
I bought Bitcoin a few days ago for12 thousand dollars.
This statement is kinda misleading. I had to dig down to realize that you bought Bitcoin worth $12,000. Most people could think you meant that you bought 1BTC for $12k. That aside, I think you made a smart move. Decision are neither wrong nor right; their outcome will speak. Also, If you're hodling for short term, you should already know what to do! Though I advice that you hodl for long term as Bitcoin stands a chance of skyrocketing more.the risk is much more higher but there are people who do try to deal with it.
When it comes to decision on when did you buy and when you had sold then as long you do make profits then that what matter most.It isnt wrong and also
even the price had gone negative and you havent sold even single satoshi then it isnt still considered as a mistake.
We do aim for gains and decisions will vary from time to time.
I bought Bitcoin a few days ago for12 thousand dollars.
This statement is kinda misleading. I had to dig down to realize that you bought Bitcoin worth $12,000. Most people could think you meant that you bought 1BTC for $12k. That aside, I think you made a smart move. Decision are neither wrong nor right; their outcome will speak. Also, If you're hodling for short term, you should already know what to do! Though I advice that you hodl for long term as Bitcoin stands a chance of skyrocketing more. 
Hello, it is always very risky to buy bitcoin, but it is good that you have made a profit, what is happening is what they call FOMO, when people believe that it will go up more and more in price.
But do not fall into the trap and I think it is better that you get out as soon as possible, take as an example what happened in December 2017, greetings.
Not really, the risk changes depending on the price at which you buy in, buying right now is a risky proposition since the price is so high that there is still potential for the price to go down some more, and this is especially more true now as we have experienced several negative days in a row, and if retail investors get scared then the price could go down even more, however if you buy bitcoin after a substantial crash then the risk that you are incurring is in fact very low. But do not fall into the trap and I think it is better that you get out as soon as possible, take as an example what happened in December 2017, greetings.
I bought Bitcoin a few days ago for12 thousand dollars. At that time the price of one bitcoin was 28 thousand dollars. At present, the price of Bitcoin is 37 thousand dollars. Which is really good news for me. I made a post after buying bitcoin to see if I made a mistake in buying bitcoin. I was convinced that I had done nothing wrong and that it was now clear.
Below is a link to my previous post:
https://bitcointalksearch.org/topic/m.55985225
Below is a link to my previous post:
https://bitcointalksearch.org/topic/m.55985225
Good thing for you and you do made the right choice on buying bitcoin specially if you do really just aim for future aspect then these movements wouldnt really matter in short term ones.
Also you should think that you are somewhat lucky that the market had able to rise up on the time you had bought it because you wont really be saying that you were right if
the price had moved into the opposite direction.
For those who had risk out earlier then they are the ones who do really make out some money.
Congrats OP. Yes, it's around 40k now and yes you are in for a profit if you sell now. But otherwise you'll never know. Tomorrow market can crash, it can remain the same, climb slowly up or skyrocket. There is no way to tell for sure. I tho will keep on hodling myself.
If you keep holding I think you don't want to earn some profit but if you have a specific target to sell then you shouldn't be afraid to gain some profit when there's a chance. You never know what could be the future of Bitcoin, so what if Bitcoin suddenly crash? You might miss your chance of gaining profit. And also, Bitcoin price is nearly breaking the $40k resistance yet it stopped at $39k then a stable $37k to $39k for couple of hours I guess or days before breaking another ATH.
Who bought the Bitcoin is never wrong about it. Bitcoin makes all people winners only if they hold. It does not matter where you buy BTC, it matters you have it or do not have it.
Congrats OP. Yes, it's around 40k now and yes you are in for a profit if you sell now. But otherwise you'll never know. Tomorrow market can crash, it can remain the same, climb slowly up or skyrocket. There is no way to tell for sure. I tho will keep on hodling myself.
Well done and congratulations to you. While I've read people that don't want to buy at the same price you've bought because it's clearly expensive to everyone, you took the risk and you're reaping it off now.
What do you plan to do? sell and take the quick profits? or you're liking what we're also feeling right now that it's very common to hold and wait until where this bull run is heading us?
What do you plan to do? sell and take the quick profits? or you're liking what we're also feeling right now that it's very common to hold and wait until where this bull run is heading us?
Yes ,All people like you who bought bitcoin ,and who hold bitcoin were not wrong . because as you all can see current situation of bitcoin ,And yes those who still have hold bitcoin they will get more profit .and it's my opinion ,I'm not suggesting to any one because I will hold bitcoin for more time because I know the current situation is complete in bitcoin faver.and also more people buying bitcoin on the current price yes it is amazing it's Good news for cryptocurrency lover and yes 2021 year is Bitcoin,s year .
Hello, it is always very risky to buy bitcoin, but it is good that you have made a profit, what is happening is what they call FOMO, when people believe that it will go up more and more in price.
But do not fall into the trap and I think it is better that you get out as soon as possible, take as an example what happened in December 2017, greetings.
But do not fall into the trap and I think it is better that you get out as soon as possible, take as an example what happened in December 2017, greetings.
OP, just know that at every buying point there's also a selling point. Though you bought slightly at a late time you're enjoying the dividends in price rise now. You took that risk and it paid off.
That' s yet. Without risks how can you expect to make a profit. There is no such thing when it comes to crypto-usually.I bought Bitcoin a few days ago for12 thousand dollars. At that time the price of one bitcoin was 28 thousand dollars. At present, the price of Bitcoin is 37 thousand dollars. Which is really good news for me. I made a post after buying bitcoin to see if I made a mistake in buying bitcoin. I was convinced that I had done nothing wrong and that it was now clear.
Below is a link to my previous post:
https://bitcointalksearch.org/topic/m.55985225
You did well and you should congratulate yourself however unlike those that bought during past years and during most of the previous year you did it at a point in which the price had already reached an ATH and that is always a risky move no matter how you look at it, so despite your potential profits you still need to be careful as if you make a single bad move you can still lose money, and as we know that is not something that we want especially with this crazy bull run that is still ongoing. Below is a link to my previous post:
https://bitcointalksearch.org/topic/m.55985225
First of all I am glad that you did not make a wrong decision but however please understand that there is something called market situation and volatility, you need to act according to the market situation while trading your Bitcoin, just keep yourself updated with market trend as there would be a time when the market would dump after reaching the peak and if you Hodl on that time then you would be making wrong decision, at the same time when market dumps and hits bottom you will see lot of trading buying back to sell at high. You should follow this cycle and also sometimes there is a correction period which you need to consider and should not panic sell.
Whenever you buy bitcoin, you are never guilty of doing it because you have purchased one of the most decentralized investment asset in the world. But I think your point is the success you get on the investment you made at a time when bitcoin price seemed high. You dare to take the risk of buying bitcoin when there are many doubts that the price has the potential to dump, but in fact your hope is reached that the price continues to increase and you are making a profit today.
I guess your current expression is completely normal when the results are as expected. But would you feel guilty if only after buying bitcoin were they dump and hard to recover ?
I guess your current expression is completely normal when the results are as expected. But would you feel guilty if only after buying bitcoin were they dump and hard to recover ?
OP, just know that at every buying point there's also a selling point. Though you bought slightly at a late time you're enjoying the dividends in price rise now. You took that risk and it paid off.
That' s yet. Without risks how can you expect to make a profit. There is no such thing when it comes to crypto-usually. At least now when everything seems to be taking on a positive turn. This is why it is important to also remember to take your profit. Things go well now, but they won't do so forever I bought Bitcoin a few days ago for12 thousand dollars. At that time the price of one bitcoin was 28 thousand dollars. At present, the price of Bitcoin is 37 thousand dollars. Which is really good news for me. I made a post after buying bitcoin to see if I made a mistake in buying bitcoin. I was convinced that I had done nothing wrong and that it was now clear.
Below is a link to my previous post:
https://bitcointalksearch.org/topic/m.55985225
Below is a link to my previous post:
https://bitcointalksearch.org/topic/m.55985225
Since you've gained enough profit for a good exit, I think it is preferable to go focus on analyzing the current market and think of when would you like to exit. As of now, the trendline of Bitcoin is unstoppable and you might gather some analysis as well form various traders out there. In fact, it's up to your risk management on how much you can handle frustration after you either sell early or sell late. It's a good choice that you've manage to buy at that price and earned huge just by holding it, but it is also your choice when to stop. Yes you are right at the first place, but you might not soon, hence everything is up to your risk appetite.
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