Topic: Read this before you think to sell (Read 319 times)

Before investing or buying BTC, one must have done his/her own research. If on believes is technology and the problem that it wants to solve, then let that be your guide if you really want to cash out. I think it's too early for the crypto space as a whole. A lot of false prophets in social media will tell you to do this and that, buy that sell that, but if you know and convinced why you invested in the first place then you should be ok. A lot of newbies who sold now will be the same ones who will buy again when the BTC train gets back up, FOMO sets in again.

do you really believe that yoir investing for technology?common be real men we all know that were here for money,to gain so what about that?though we believe in technology but i dont think investing for that wasnt enough to attract people to invest money if they arent looking for earning.so dont be a pretender mate,doesnt look like one

It is on track now, consolidation is the main important for every coin in order to reach the new heights in the market. People should not panic about the market when it goes down, especially doesn't listen to other people who are spreading FUD about the Bitcoin.

This thing need to be tell to a lot of people, most of the people only think of the price that already spike high, and when it fall down people become panic and keep on telling other people that bitcoin is dying, bitcoin stable value is at around 7000$ to 8000$, so actually now the price is still on track

yes you are right when selling bitcoin then you just get a loss should buy as much bitcoin as you can for future savings.

I think we will find out in the future, I have tried to convince people to invest in bitcoin or altcoins and no one listens to me saying that bitcoin is a scam and things like that, but in a few years or a decade all of us which got bitcoin recently, less than two years ago, will have huge profits if we hold that long and I will be ruthless if that happens I will ask them why they did not follow my advice back then, it may seems as bragging but I have gotten a lot of heat from some people by investing in bitcoin and when bitcoin finally succeeds I will make them eat their words.

The scenarios given or stated in the article are pretty much accurate, new comers always expect a rapid and continuous growth to gain huge profit but unfortunately ends up losing their money after panic selling at dips because a rapid growth isn't possible in this volatile market of cryptos.
Soon after every ATH bitcoin drops down because of the manipulators in the market and nothing surprising here because bitcoin is made in that way.

I doubt that they'll even come back at all. These people probably wouldn't want to deal with btc and crypto and would be so enthusiastic in telling people how they were "scammed". All because they didn't have the patience to wait. They should've realized that in any investment, these things happen and noone becomes a millionnaire overnight unless you win a lottery jackpot

I guess the 'hype' on social media and from other news have created this stigma that bitcoin will soon pop. The problem is, most people that invest into bitcoin are the ones who have no knowledge or anything whatsoever. They let the media influence them from investing rather than checking the actual market of it, which makes the volume increase/decrease out of a sudden. Also, they see bitcoin as something that may yield them income for short-term.

The funny thing is, most people that I know that are complaining about bitcoin being 'dead' and 'hopeless' are also the ones who told me that they regret investing into bitcoin when prices reached $20,000. If they cannot handle the sudden price drops (which something that is natural or depending on country prohibitions) then they should invest into a different aspect like stocks, bonds, bank interests, etc.

I'm not bearish, but this recovery is taking too much time.

For me, its possible to have a small, temporary, bear market in cryptos. Cryptos have proven most TAs are simply a matter of faith. All those theories about cup and handle, head and shoulders, double and tripple bottoms, they dont work with bitcoin. So its the idea of a long bear market.

But a short bear market would not last a couple of weeks, either. So this slow recovery is a indicative of a bear market, even if people here dont want to admit it. Its painfully slow to recover, like the market was in a kind of hybernation. Since there is a still active bull trend, bitcoin keeps going up from time to time, although not sidelined enough, making we believe the bear trend is over. This points that this bear market will be short-lived, and once more bitcoin will break TA theories.

Fact is: a lot of people who bought dont believe in the technology, they just want quick profits, so they sold everything during the fall. But the people who believes in it, and wants it as a store of value, didnt sell, and there's a lot of people in this camp too. Theres a bear trend, but the previous bull trend is still strong. This is bringing such tension to the market.

The bears are not satisfied, most shorted it during the fall, not at the peak, so they want it at $1000, below mining costs. The bulls think its enough, they want it back to $10k in a matter of days. I'm kind of a bull because I sold 5% at the bottom (to decrease exposure), and still wants it to go higher, I dont care if my order will refill it or not.

one of the good things about the dumps like this where price goes down by A LOT not just a small drop, is that it literary flushes out a lot of these FOMO newbies. it is a good thing to have from time to time although it sucks to see how big these drops get sometimes because of them.
and each time something like this happens, we always have a much stronger market afterwards. and I believe that strength is because the weak hands are flushed out and won't come back for some time.

That's how you can distinguish people who have been invested for the sake of the technology and the people who wanted to make a quick buck. I'm almost certain that 75% of the people who FOMO'd in, in the hopes of getting rich overnight, have already sold their position somewhere on the way down.

Good article for those who don't really know bitcoin is..  If you dig in this forum there are lots of people are lucky because not only a man who got 10k bitcoin for pizza was lucky there are some free bitcoins before and if you are claiming free bitcoins in any faucet there are old faucet that gives you 1 btc per claim i just dig it when searching about faucet and i was honestly shock seeing that bitcoin before is totally free just do a simple task and you will get a good amount of bitcoin..  
And also i remember who got lots of bitcoin playing dragon tale and get lots of free bitcoin from statue without depositing..
And now they are lucky that they can sell it for high value. .
Now we can't blame who those selling bitcoin because there are lots of new comers don't know exactly what is bitcoin and they are just afraid to lose their precious investment that is why instead of holding it and waiting for the price of bitcoin getting much higher they sell and exit just to recover their loses.  
But i think its a part of experience because before when i was new  in bitcoin i was afraid of price crashing that is why i always convert my bitcoin into fiat and also experience to scam for many cloud minings and investment site i learned a lot until now i still staying using bitcoin that i only dream is to reach the price until $1,000 value after that i was amaze last feb 2017 that the price was hit $1000 and i was happy because my holdings is worth it and i paid all my debt and i get my business back but its not finish yet because i was surprise that the price of bitcoin can continue increase more last may of 2017 the price was reached almost $2,000 so i was regretting in that time so i learned and regret until now i save all my bitcoins and earn from crypto mining into bitcoin and wait for a good price for bitcoin..

We can't change other peoples wanted just let them discover in their own self if what bitcoin is and they should experience first in the first time to lose before they can learn because nobody's perfect.

yes I once read someone who said "you will lose when you sell it and you will profit when you buy" and if I think it is true because without you aware of the buying process is a very important process to gain profit and after buying will long time you strong hold it.

Trading is a job that requires a srategy, we may not panic when we have a good strategy plan. Because with the right strategy we can estimate the results we will get. Decrease in prices and price increases are just things that will happen for a moment, so we can not make a benchmark. What we do is make the best decision possible, so we can make a profit even though the price is down. Decrease does not mean we lose a fortune, it is all that is just a matter of time to be able to sell or buy.

it depends on the "people" themselves and what they did not the price they bought at. if they invested more than they can afford to lose they will panic no matter where they bought bitcoin at!
it also depends on their plans. some are trading so obviously when price drops they have to panic and take some actions but some others are just investing in bitcoin and don't like being involved with exchanges that much. there is no reason for these people to panic. for example i bought bitcoin around $500 back in 2014 and price continued falling down to $150, it was uneasy but i never panicked!

Bitcoin will eventually rebound back and can continue on growing to a higher value maybe within this year but we should be prepared for some slow grind until it can find its own footing and do some bull run which many have been looking for. remember that when Bitcoin was surging so high a lot of people are worried that the bubble can burst anytime and now that Bitcoin has retreated in value many are worried that the bubble will soon burst...so what gives?

The right thing to do is continue on holding and we should decide to sell wait for the right time when the value has already risen maybe in the same level we have seen in December. One of the reason why we have a nervous market is because last year there had been many newcomers to the scene and they entered when Bitcoin was at its peak -- right now these people are disappointed to see more than half of their holding's value gone just like a vapor. Again, we should continue on holding because this is just part of Bitcoin's history repeated.

he did many important analyzes, I believe that it is to calm people and show the potential of bitcoin, but the truth is that neither he nor anyone knows if the price will increase or if the price will fall, we had a great increase of the price but that does not mean that one day the price  back to $20,000... we need to be patient and optimistic. but let us not be optimistic in exaggeration.



for all people who bought when the price was  $1000, there are many reasons to hold and not panic when the price drops, but for people who bought when the price was $15000 has reasons to panic



I believe he must be sorry for the promise he made

What problems are you referring to? I haven't seen or experienced any. The same basically goes up for bad news as well. I haven't seen any actually bad news articles worthy of panicking over. You will only see problems and bad news articles if you don't actually understand Bitcoin and its market. If your only priority is to bank on Bitcoin's latest bull run having caused the price to almost reach $20k, and thus discard everything else that's far more important, then yes, you will fall for fud and see everything as a problem. It all comes down to the ignorant nature of the people here. If people actually took the time and effort to read into what Bitcoin actually is, and how its market works and gets affected, we would never experience such severe selloffs. If you don't know anything, you'll take everything for granted, even if it's fud.

I might not agree that bitcoin is actually stable but I  will fully agree that you should take a chill and watch careful before fully making up our mind to sell. Basically, I am not selling but holding and I intend to do so for a very long time. With the recent problems and bad news we have been hearing recently, this can cause  too much worries and urgent selling off of ones bitcoin, but its only the determined heart that keeps hodling on.