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Topic: If your friends and loved ones let you sell your bitcoin? (Read 505 times)

member
Activity: 294
Merit: 17
Maybe your friend doesn't want you to lose more value of bitcoin because he felt that the bitcoin price will still go down. But it is really up to you because you are the one holding it. Whether you want to keep it expecting that the price could still go up or follow your friend's suggestion. For me I will still hold in my bitcoin because I believe its price will go up again.
full member
Activity: 1092
Merit: 117
He doesnt understand how the market works and seems like you also dont understand since you dont know how to explain him this situation. It is absolutely normal for the price to go down because the market of cryptocurrencies is very volatile and there could be changes of over 50% a day. It is normal and it is happening every year, thats why you just have to calm down and keep your bitcoins in wallet because the price will increase again to the value that it was before. Your friend suggest you that because he saw that the price is going down very low and he think it is never going to recover wich has proven to be wrong in the past years.
jr. member
Activity: 187
Merit: 2
My friend advised me to sell my coin today. I know he is for my sake, but how to explain to him?

Is you friend a financial expert or has made better financial decisions than you in the past ? If the answer to this is no, you need not hear his advice. It is better if you even do not talk about money and finance with friends until extremely needed. his can ruin the complete relationship.

You should make decisions regarding buying and selling your coins based on your research or advice from experts who have already made good decisions in the past. There are a lot of experienced members here who keep sharing tips on what is the right time to sell your current holdings for maximum profit. 
newbie
Activity: 98
Merit: 0
My friend advised me to sell my coin today. I know he is for my sake, but how to explain to him?
I don't choose to sell my bitcoins because they don't know bitcoin, and I'll convince them to make my own decisions, and I'm sure they'll respect me and let me make my own choices.
full member
Activity: 182
Merit: 147
An advise is defined as "giving an opinion that is worth following". Despite its definition, I believe that at the end of the day the decision on when to take that advise is still dependent on what you decide to do. Receiving an advise doesn't mean that you are obligated to follow it, instead you have a choice to thin it through and weigh your options as to what the circumstance allows. Knowing that it's your coins on the line, the most important opinion on what action to partake is yours so think it through and decide for your own. If you think that the opinion is valuable then consider it but remember that you are not obligated to follow by what other thinks that are against what you want. Your coins, your rules.
full member
Activity: 308
Merit: 100
My friend advised me to sell my coin today. I know he is for my sake, but how to explain to him?
I think it because he doesn't know much about bitcoin. So you can do only one thing, explain about the crypto and crypto market structure. And show him the value history graph.
full member
Activity: 263
Merit: 100
YGOLD is a Defi platform
do not sell your coins now unless it is a bullshit coin. The market will recover soon after few next weeks. you must have your own decision. do not believe anyone
jr. member
Activity: 82
Merit: 6
Friends and family can share whatever opinion they think about as wise or helpful for me. If i follow their advice is up to me anyway. Smiley
hero member
Activity: 1918
Merit: 564
My friend advised me to sell my coin today. I know he is for my sake, but how to explain to him?

Honestly you do not have to listen or explain anything to him.  It is your coin and he has nothing to do with it.  Instead, ask him to explain why he said it so.  If you do not want to sell your coins, do not sell it.  He should be the one that do the reasoning and explaining because it is out of his league since that Bitcoin is yours.
member
Activity: 245
Merit: 10
If my friends advise I should sell bitcoin. I will not listen to them. Because I have invested in it a lot. If I choose to sell it at this moment I would certainly suffer a heavy loss. . I think it will soon rise. I hope the patience I expect will bring me much profit.
full member
Activity: 476
Merit: 101
Perhaps those who advise you to immediately sell you Bitcoin because they have see it was falling, are not truly understand the world of crypto currencies, they really want to help in a sense that they want to stop lose. However, you have to keep in your mind that you may lose once you sell.

You can simply explain the brief history of Bitcoin and the market.

I am not here to stop your decision, it was your free choice.
hero member
Activity: 854
Merit: 500
My friend advised me to sell my coin today. I know he is for my sake, but how to explain to him?

Well, you can just start by saying to him that this is you bitcoin and you feel that you can have a much more greater profit or cash if you can just do it by holding. You can also thank him for the advice, but you know life is really more about appreciating and maybe they are just looking out for you you don’t have to do everything they say because remember it is your life and your decisions matter you just have to sah it to them in a way that would also not let them feel that you don’t like their advice
newbie
Activity: 140
Merit: 0
My friend advised me to sell my coin today. I know he is for my sake, but how to explain to him?
explain to them about the advantages and disadvantages if you sell your bitcoin now so they will understand for the reason that you hold bitcoin until the price you want
newbie
Activity: 37
Merit: 0
If the bitcoin price is to the highest price when your friend told you that then go sell your bitcoin. You are the one who responsible to decide about selling your bitcoin and if you think is it the right time do it. But if its not wait even for a month.
newbie
Activity: 191
Merit: 0
It is your bitcoin don't let him do things that you don't have or don't think is needed because if your heart doesn't want to sell bitcoin then follow your instincts that is not a true friend if they want you to do what they want. I think your friend just want shares from your bitcoin.
sr. member
Activity: 756
Merit: 253
Really?Why does he tell you that?Maybe he want you to give him or share.But it depends on you,it is your bitcoin not your friend.If you want to sell it then sell it if not then tell your friend i will hold my bitcoin until bitcoin will rise.Don't make things complicated.

I guess from January 17 until now the OP has learnt a great lesson whether he sold or not because bitcoin has gradually risen back to quite a good value now and so i don't think if he had sold then it would have been a sound advice. Hope he didn't sell though.
newbie
Activity: 56
Merit: 0
How many people have so many opinions. Many people think that Bitcoin should be official and somebody is absolutely against it.
full member
Activity: 197
Merit: 100
Really?Why does he tell you that?Maybe he want you to give him or share.But it depends on you,it is your bitcoin not your friend.If you want to sell it then sell it if not then tell your friend i will hold my bitcoin until bitcoin will rise.Don't make things complicated.
full member
Activity: 560
Merit: 104
In investment world, certainly you have own steps, tricks and tips before start it.
Why you should follow recommend from your friends if you still confused with what your friends say to you?
That is your coin and that is your rightfully, except your friends buy that coin. If you buy bitcoin in very cheap price and your friend tell you to sell it in expencive price, you can follow it! But if you buy bitcoin in expencive price and sell it in cheap price, will you follow it? You will be lost a lot of your money, but remeber, in my opinion, bitcoin price go down just looking for buyer in low price, and then bitcoin price will be go up, and you should consistent in investment world.
full member
Activity: 582
Merit: 101
if friends let us to sell our coin it's up to them should as a friend warn you coin price is still down so serious you want to sell coin agan now ...
not possible gan we will sell our coin unless it has to consider various reasons among the reason that the price of coin to be sold is how much. see the state of the family economy is in need or not .
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