[Poll] If this happens, is it time to sell your Bitcoin? - page 3.

Oasisman

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Quote from: OgNasty on November 06, 2021, 05:21:11 AM

With some people starting to talk about double tops and calling Bitcoin’s ATH in the rear view, do you think it’s time to sell if we don’t see the stock to flow $100K target hit in December?

With other bubbles in 2013 & 2017 being in December, do you sell next month no matter what happens?

That doesn't gonna be the basis on whether a person would sell or not. Besides, Bitcoin doesn't follow a pattern and every bullrun or bear run is always different than the past, though it may show a little resemblance, but people will just speculate on it as if it's a pattern similar to what have happened before.

Another is that, every pump has different relevant reason. So, I guess today is very different than the past and I think Bitcoin will continue to rise beyond December.

Reatim

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I guess majority of viewers are Bitcoin supporters and HODLERS.

because look at the votes , clearly it is NO, Most don't wanna sell their Bitcoins (Including me) this December.

and besides we have seen how much Bitcoin can be, so why rush selling if we don't badly needs our funds?

pooya87

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Quote from: OgNasty on November 06, 2021, 05:21:11 AM

With other bubbles in 2013 & 2017 being in December, do you sell next month no matter what happens?

Why should time matter but not size?
For example the end of the cycle in 2017 was price going up from $150 to $20000 which is a 13233% rise. This round (however long it may be) started from $3200 and is currently at $61000 which is only a 1806% rise. In other words the size of this cycle is so small compared the last two cycles that it is not possible for this to be the end of the cycle. I've said it many times, if we are going to see repetition then price has to reach $400k+.

kotajikikox

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Quote from: OgNasty on November 06, 2021, 05:21:11 AM

With some people starting to talk about double tops and calling Bitcoin’s ATH in the rear view, do you think it’s time to sell if we don’t see the stock to flow $100K target hit in December?

I may consider selling but only a small faction of my Bitcoin meaning i will only take my profit and maintain my big chunk inside still.

Quote

With other bubbles in 2013 & 2017 being in December, do you sell next month no matter what happens?

actually this is far different from 2013 and 2017 as this year the growth continues happening than what we have in those halving season.

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Is it different this time? Will there be no bear market?

This year alone we experience the Bear when the price drops below 30 but not as bad as what we have in the previous .

Reid

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I'd not sell. Learned my lesson from being here through ups and downs. I'd rather be a witness on the movements and people's opinion about it but selling is not an option anymore. I think I sold at $15k at 2017 but never had the guts to put it back because it's already money in my hands.
That's the problem when you are holding cash, you cannot let go of it and all you will think about is how you will spend it but never as an investment again.
Started with almost zero until now.
But if my altcoins will be dragged by the bull run then of course they will be sold. Grin

Poker Player

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In my case, no. I care more about the essential characteristics of Bitcoin than whether the predictive model is met. If it does not, and we do not reach $100k we would have to analyze why and rethink predictive models, but I plan to continue accumulating, and I can think of other reasons to sell my Bitcoin, always partially, such as if it becomes an important part of my net worth, or if in the future it goes up and I have reason to believe that the market is overheated, so I could sell partially as well.

STT

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Dont judge price by the peaks, its unreliable and without more to guide it then froth and hype. What should determine various strategies is the pattern in the lowest pricing and the regularity of those gains, its more likely to be accurate in determining higher or lower. Before the 2020 selloff we made a new high and also a pattern of gains faltered showing weakness, the new high was easy to throw off alot of people and encourage them to think we were still ok but there were cracks showing. I hope I always pay attention to how we proceed in the higher lows accumulating, if we lose that I think we do have to retrace some ground.

Failing on a peak objective at some pre determined time is not bearish. Sadly I can say from experience December selling is not going to be best, you could be selling into the lows for those years. Theres more holidays in the western market during December, that has an effect and its not certain positive or negative.

Fundamentals Of

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There will be a bear market of course but an extreme form of it will not happen unless Bitcoin tops $100,000. If $100,000 will not happen in December, then it will happen in the first quarter of 2022. If not, then I will be waiting for it to arrive in the second quarter, if not then in the third, etc. What I'm sure of is that $100,000 is a target that will happen. Most likely, it will happen next month.

If that finally happens, I will not be selling. There may have been bubbles in the previous Decembers, but lessons are there that the bear market that follows is as temporary. There will be another stronger surge later on.

TravelMug

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Like the majority here, I also wouldn't want to sell my bitcoin even if the 6 digit target is not met in December. Who knows, maybe it will just be push through the first quarter of 2022 and that the S2F model will have to change its order again. I've learn my lessons in the 2017 bull run.

If I would just have hold them and wait 4 years, my investments may have exploded already x3 the very least.

Oilacris

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ATH or not it doesnt matter as long you do make profits then that what matter most because there are people who do go for long term and there are ones who do go for short term which means that it will vary.

On my part i would still do my own way of decisions depends on the situation because there are indeed moments which i do spot out which
is considerable for me to sell.

So its a personal choice because we do have different thinking on various condition.

LFC_Bitcoin

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It’s really frustrating at the moment, I have to admit to getting a little impatient myself but no, I won’t change my plans if we don’t see $100,000 by New Year.

I do think we’re going to breakout next week though. This is a really tight band of consolidation at the moment. We’ve seen similar at $30,000 & $40,000 levels previously. We’re going to break out explosively soon & I’m calling $70,000 at some point next week.

We will likely break $100,000 by anew Year & then unfortunately a bear market will begin in 2022. I still believe in the 4 year cycles..

DoublerHunter

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Quote from: OgNasty on November 06, 2021, 05:21:11 AM

~snip~
With other bubbles in 2013 & 2017 being in December, do you sell next month no matter what happens?

Is it different this time? Will there be no bear market?

^ Possible there because there is no specific answer for this, there could be a chance that this year we will experience 3 times ATH that could be reached. We already had 2 times ATH within this year and it could be possible there are 1 more to come and that is next month, December.
Probably no one will give you a correct answer for the market condition, most of us here will give the only assumption that hoping that it will happen too in the future, but so far from 2018 until now, the market did not suffer from the bear market and I believe there is no bear market anymore and I cannot consider that a small correction is a bear market condition.

Silberman

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Quote from: el kaka22 on November 06, 2021, 08:14:10 AM

It is weird to see people give up hope this quickly. I mean yeah sure I do expect it to be 100k or more by the end of the year, but that doesn't mean that I am going sell just because it is not there. I will not sell until it is under 20k, even at 20k I am still in profit because I bought at lower level and my average reached to 18k (even though my first was at 6k, I bought some more later on) so that means at 20k I am still in profit.

I doubt it will ever reach under 20k ever again in the future. That means I am going to keep my crypto forever until I want to sell and get out forever and that will not be because of any price, it will be because I want to get out.

I am not selling either but we must understand that not everyone is a long term holder, there are many more traders and if the price they were targeting is not reached and they begin to sell then it is obvious the price will begin to go down, still I do not think it is going to be as bad as what we saw back in 2017 as that crash was massive, if anything I think a crash close to the 35k level is the worst we could see, and that is assuming the price stopped growing right now.

Stedsm

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My view is still the same old option that we need to sell at least part (if not full) of our BTC because nobody knows what may happen this December. And crashes don't take place in December but the retests take place in January, and the trend tends to go bearish, then the market crashes. This time, it may be different but for a healthy growth of our parent cryptocurrency, we must see a correction and a retest of $52k and even $42k once BTC breaks its ATH in December. BTC is not yet done with its run but will definitely see a downside move in January (history will repeat again this time).

yhiaali3

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For me I chose #3:
"No, bitcoin will continue to rise. It's different this time."
I think that the matter is different this time, the market situation has differed from the previous one due to the change of many factors, including the entry of a large number of institutions and giants of the economy into the bitcoin and cryptocurrency market as a major player, also there is the official adoption by some countries such as El Salvador and the trend of a number of other countries to accept bitcoin Officially, Bitcoin also established itself as an alternative to the monetary system after the Corona epidemic, as Bitcoin managed to withstand while fiat currencies began to inflate and collapse.
For all these reasons, I think we are facing a different cycle this time, in my opinion Bitcoin will rise and cross 100k$ and will not stop.

Baofeng

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Quote from: OgNasty on November 06, 2021, 05:21:11 AM

With some people starting to talk about double tops and calling Bitcoin’s ATH in the rear view, do you think it’s time to sell if we don’t see the stock to flow $100K target hit in December?

The S2F model will then have to readjust again and again to fit its narrative, we might come into a point wherein 6 digits will no longer be the target.

Quote from: OgNasty on November 06, 2021, 05:21:11 AM

With other bubbles in 2013 & 2017 being in December, do you sell next month no matter what happens?

That was my biggest mistake, to sell in 2017 and didn't hold. I should have at least hold half of what I save. Instead I try to sell them all.

Quote from: OgNasty on November 06, 2021, 05:21:11 AM

Is it different this time? Will there be no bear market?

Yes, bitcoin narrative has change, maybe we can see two super bullish market. So we are not done yet.

Jating

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Even if the S2F model, I won't sell my bitcoin period, maybe we will enter a bear market after that, if it didn't go to 6 digit as predicted. But learning from the 2018 bearish cycle, it could be the best time to buy cheap bitcoin specially if it falls <$30k (half of the current market price).

And have a lot of patience and. then wait for the next 4 years again. Investors who have been in the game for so long knows how the market works and they are the once holding bitcoin for a long time.

Mahanton

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Quote from: OgNasty on November 06, 2021, 05:21:11 AM

With some people starting to talk about double tops and calling Bitcoin’s ATH in the rear view, do you think it’s time to sell if we don’t see the stock to flow $100K target hit in December?

With other bubbles in 2013 & 2017 being in December, do you sell next month no matter what happens?

Is it different this time? Will there be no bear market?

We cant really deny on the fact that we are totally different now in terms of adoption and recognition which we can really tell that there would be always the possibility
into those times when we are hitting or reaching the last month of the year.We do always have the impression of those bull run event since it did happen on some months on past years but if those are everything attached with hype then its less likely that we would be seeing on upcoming years to come but somehow we dont really need hypes.
We do want a strong and established price which doesnt really crash out badly whenever there are bad or negative sentiments that do happen in the market.

Findingnemo

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Quote from: OgNasty on November 06, 2021, 05:21:11 AM

With some people starting to talk about double tops and calling Bitcoin’s ATH in the rear view, do you think it’s time to sell if we don’t see the stock to flow $100K target hit in December?

With other bubbles in 2013 & 2017 being in December, do you sell next month no matter what happens?

Is it different this time? Will there be no bear market?

$100K is too much to ask in very short time, I am just fixed with the $66K itself as the all time high kf this year and cashed out some amount in the second quarter itself now its time to hold so I am not someone who is always looking at the December because its not going to work all the time, just act accordingly to the market situation and reap your profits on time.

GeorgeJohn

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Quote from: OgNasty on November 06, 2021, 05:21:11 AM

With some people starting to talk about double tops and calling Bitcoin’s ATH in the rear view, do you think it’s time to sell if we don’t see the stock to flow $100K target hit in December?

this is not good time to sell bitcoin because bitcoin is depreciating in value currently, i think today's price is at sixty thousand (60k) at dot, and it's not encouraging to start selling bitcoin because it doesn't hit up to one hundred thousand (100k) within the expectation ranges of predictors, shall December is still remaining some weeks ahead and nobody knows if all this time people is emphasising on 100k it will definitely hit up.

Quote from: OgNasty on November 06, 2021, 05:21:11 AM

With other bubbles in 2013 & 2017 being in December, do you sell next month no matter what happens?

no matter the movement of bitcoin that will push me to sell, except it's a situation whereby is getting accelerated in value, referring to four years ago bitcoin values was okay but that shouldn't make people to began to sell out their coins, actually we still have time while some person's is thinking otherwise.

Quote from: OgNasty on November 06, 2021, 05:21:11 AM

Is it different this time? Will there be no bear market?

if i should predict bitcoin movement for the remaining month of the year, from my perspective bitcoin is not having bear market again, everyone should expect it next year 2022, and the price will not hit up to one hundred thousand everyone is pointing at holding can help for next bear market.

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