Topic: I will not sell under 20.000$ ! Why you do ? - page 4. (Read 1710 times)

An interesting topic to dig out of oblivion)
I wonder if there are many such holders (I mean the owners of serious amounts - it is very easy to hold an asset if in total it costs minuscule) and how long they are really ready to be in a drawdown. After all, if we take the price from the maximum, take into account inflation, then the losses are still very big for those who invested at the maximum.

Not only needs but they found a good coin to invest and their only option to buy these coins is selling a portion of their Bitcoin but is not that they are losing trust on Bitcoin, because Bitcoin have proven that they are here to stay for good and whatever happen Bitcoin should be the priority even after we made profit from other coins.

Dont sell at $100 (after holding from now till then it'd be fairly pointless) unless you bought at 200 or similarly were trying a trade that didnt work out.   It is reasonable to trade, if you can predict a price fall then take the sell and rebuy at the lower price.   I dont regret so much my sales as I do regret not buying much later after we had settled into a good trend.   Big example I sold autumn 2016 and I observed a series of rising lows during the winter start of 2017, this is a fair time to buy into BTC and in retrospect I could leaned that way and regained the BTC I had previously.  I sold the BTC because I needed the money genuinely, most people will sell to meet bills so thats normal but also I could have rebought far more then the small hold I built in Feb 2017 so I hope to remember this example  regarding this thread topic.
 
    I understand your perspective is to stick it out no matter what, to release your grip would mean you would be unlikely to take part as much or at all in future.    In this respect you would fear the higher prices as making it more difficult to swallow your pride and take part in that future BTC market.    My take is to consider crypto market like every market and graph price action and so on, without being too wordy I'd say its not wrong to buy at the higher price then you sold at.  I would salute anyone who can handle their emotions, regrets and basically human fallibility to consider the trade at this future point in time and calculate its odds of a gain without bias to your past experience.    This is kinda of the learning or experience I try to build up when I trade, I hope even if I dont profit I can gain the lesson and progress in better trading.  

I guess OP was telling the truth.

Yes when the price of bitcoin is down people need to not sell till it if they need money in urgent and i see there are some people who invest their some portion of capital in bitcoin and save some portion in case of any emergency they use it  and I think this idea is very better for them to hold their bitcoin for long time.

Yes, indeed there are still many people doing panic sell because the price of bitcoin has dropped dramatically, this is still often the case. I agree with you if we buy at a high price, it should sell when the price is higher than that, so it will make a profit. If you buy when the price of $ 19K and sell at this time will certainly be very loss, so it is better to wait for prices to be above $ 19K. This condition can be used to buy bitcoin, because prices are going down and when prices rise will definitely get a big profit. I agree with what you say, if don't believe in this technology it's better not to buy again.

Technically they do not have a choice, they should know that selling now basically means that they will never recover the money they lost in the market, for me that is unacceptable and I will keep holding until the price recovered but those people do not really have the patience or the will to keep holding their coins so they sell despite knowing that information.

I do because I need to eat. You are forgetting one eternal truth; there are more people involved in bitcoin than just traders. There are people like me who live their lives with bitcoin and earns bitcoin and spends bitcoin and so forth.

Hence, there are still a lot of people who sell their bitcoins at 4 thousand (same people who sold at 20 thousand too) because they need to cash out to pay the bills. For example, there are lot of companies like Expedia who accept bitcoin as a payment but I doubt they keep that money as bitcoin, they probably exchange it to fiat right away. Hence, there will always be some people who sell their coins right away to cover the expenses.

Biggest is probably miners who have to keep selling to pay the bills. That is why there are people who sell under 20 thousand and will always be there to sell whatever the price is.

That's the problem if you don't have trust on btc. You only invest during hype and doesn't want to be in fall. They don't know fall was actually part of it. They thought they have lost so much where in fact, it's not. The value has gone down but the coin they are holding has the same amount.

To those people who bought bitcoin at high price are no choice because if they sell their bitcoin they lose more but other people who bought high price even they lose a lot of their capital they will sell their bitcoin to cut more loses that they think.

Panic selling is name of speculation which checks the power of bull-bear side. Emotion control is underrated by crypto traders because volatile markets force them to take decisions really quick. That's how whales can "edit" price charts with avoiding whipsaws in cryptocurrency trading.

They never believed in the technology, those that bought that late did it because they thought the price will go up even more, I do not have much bitcoin but it is obvious I bought earlier than that not because I am really smart but because I liked the technology and decided to put my money in it, so those that are selling are doing it because they were here for the money and now they are panicking.

Obviously they will not send BTC less than 20000$, in other words you can say that if price of BTC is around 4000$, it is due to those people who are not selling their BTC. Only those people will sale their BTC who have earned good profit in trading all the day or they are part time trader/investor. Those who have faith in BTC they will not sale. How they can bear such a huge loss.

Your right, sometimes, somebody has a reasons why they sell their holding bitcoin, but mostly the reason is to cut the losses, but how about those people who dump their bitcoin just because there are some important thing to go first than to take a losses or benefits in the future.

It is true that for individual cases everyone has different financial consideration and their problems. So accordingly they take decisions even at times when they know it is better to hold than to sell but immediately when some one require money need to sell the coins and suffer losses. I hope atleast people do not sell in panic mode which could lead to further problems.

everyone has different conditions, so when people sell at a cheap price, there will be a reason. well, maybe you don't have an urgent need so you can still hold the assets you have, and wait for the price to be even higher.

this is very funny, in my opinion most of the dumper are not those who buy bitcoin at the price of $ 19k but this is a game of price and the market is being manipulated.

That's a huge loss if a trader bought btc at that price of $19k, and currently we've experienced massive downfall. If we remain holding those coins we might be able to recover that loss in case bitcoin will bounce back to that price or even more. But for now patience is the best tool for that scenario.

the needs and frustrations that make them do that. maybe because they have very important needs so they are forced to sell the bitcoin they have, or they are already frustrated with the market conditions and they are afraid of experiencing greater losses.

Don't know what to say, but i'm partially agree with OP. Why sell now for such low price if the bitcoin was bought at 19,000$ ? If bitcoin was get in other way than buy then is possible to sell now, for this who got paid in bitcoin for their work, but if people buy on high and still hold until now better still hold.