Topic: SELL EVERYTHING!!!!! - page 33. (Read 5812 times)

I don't agree with your opinion. I think we must patient see the market, and believe price will be rise. I think it's good time for buy bitcoin and invest in other coin then wait until end of the year or wait until next year.

trading in the world of cryptocurrency is basically beneficial and sometimes detrimental to all parties. I think it depends on ourselves who must be smart to analyze a coin price in the market. Do not be rash and if it's a profit then pull your funds so you get a profit not a loss

Dont sell everything , always keep some for yourself ,youll never know what will happened next if you sell everything that you have,  there is one exact time to sell them all.

You can do what you think is right, investing in crytocurrency have many risk, if you think you sell your all coins is good for you do it. You need more patience and courage when enter in crypto world. I hope this experience give you strength in the future.

Come on, don't be a hypocrite.. Bitcoin being an investment is still part of what it's supposed to be. Although I do agree that it should also be remembered for being secure, fast and cheap, it has sadly failed in that aspect the past 2 years though.

I want to address these emphasized points because some of them get to the heart of crypto as an investment. "Every dollar that is made by someone, someone will lose money." Essentially, this is absolutely correct. As an investment, Bitcoin is inherently worthless. It is an unproductive asset because it doesn't produce income. You buy it and the only way to make money is to sell it to someone else for more than you bought it for. So in this sense, the only dollars you get out of owning Bitcoin come from someone else.

"This market is basically made to make money from new users like a scheme."  Correct, in that it wasn't designed to operate like a ponzi scheme, but it does operate like a ponzi scheme for anyone buying crypto trying to get rich on it. That's because, again, the only way you can make money on Bitcoin is to sell it for more than you bought it for, and the only reason someone else would pay more for it is they also think they are going to be able to sell it to someone else down the line for yet more money. So the earliest people into crypto make the most money, and it requires ever-increasing amounts of people to get into the market for the later people to make money. This isn't intentional by Bitcoin, it's just what naturally happens when mania takes over and large groups of people chase pipe dreams.

"For example can you actually believe that if you would've put 10k usd into bitconnect you would have a monthly return of about 3400 every month by lending?"  Lending in crypto is the same as any other currency, it can be repaid through the extra economic activity it allows without anyone losing money, so your conclusion that people have to lose money through lending is not correct. However Bitconnect was a clear ponzi, and anyone who invested in that got exactly what they deserved. Anyone offering stupid ridiculous returns shouldn't be trusted, except everyone in the Bitcoin community has been so conditioned to expect those eye popping returns that it didn't seem abnormal, and that's a case where the mania over Bitcoin has warped everyone's expectations and left them susceptible to being scammed. I don't feel bad about that because the only thing that's going to restore sanity is people losing loads of money and collectively realizing this Bitcoin bubble is not normal and not sustainable. But it's worth noting the difference between something designed to be a ponzi (Bitconnect) and something that only operates as one because everyone is behaving recklessly (Bitcoin). The dangerous difference is that people who are investing in crypto don't realize the risk they've taken on in doing so, because it operates like a ponzi in that you can only ever make the money you take from later buyers, even though nobody has set up crypto to intentionally be function this way.

By just reading the posts, you can know who are the real investors, holders, traders and who are not. I don't understand what OP is trying to prove since he earned that much, $100k for an instant isn't a bad profit, that's a lot and why he have to leave the market and eventually call it as a pyramid scheme. So basically he got a nice exit and entry for his term? Why not just quit and don't talk at all, I don't know if you are giving anyone a discouragement or you are boasting your profits.

maybe he invest his money just thinking profit and profit.it can make in short periode with high return.but he dont understand about the risk involved. so he said "sell everything "

Not at all OP, I'm empirically not in support of your idea of selling every other Cryptos remaining that you have, it makes you A panic Trader in oblivious of his business that looses all his capital and then turn to A pauper. Once beating, twice shy. The downfall of any strong man should not be the end of his life at all. Why don't you recall and recap the causes of such loss and readjust? Did you put all eggs in one basket without diversifying? Did you bite more than what you can chew? If you understand the business, did you forget to make adequate research and consultation before buying that 2017? In any cases, try and readjust, you can still make it. Every other Traders in this field also knows the effect of volatility, yet they are sailing their boats above the sea level. My advice.

This is a developed different type of market. It is easy to invest here very easily. There are some ways to do business or to do business.

this is economy .. so you telling us every trade in this world is scam ! Try to change your perspective mate .

Suggesting that cryptocurrency business is a pyramid scheme is unfathomable. Haven't you seen ICOs with real-world products that solve real-world problems? There are many ICOs that have a working product or provide services to people to better their lives. These will surely pay up.

sell everything ? you mean sell all of my crypto ? thats rude cause i hold it. my strategy is hold. dont you say that im gonna sell my crypto cause it is the only way to my success. yes they are many crypto whales that controlling or manipulating our cryptocurrency but you should strive to live you dont you are suck a loser

Ahahaha quite amusing what you've wrote here. You just lost all of your patient and chill and doing panic sell and rage quit. Basically you're just basic loser that couldn't keep up with market phase. You should just continue and having chill thought and analyze in this cryptocurrencies world.

Oh i see,so whats the matter now?as if we cares for your foolishness?just beause you lost everything now you crying here?but what about when the time that you are PROFITING?when the time that you have Earning that 110.000?did we hear any bad comments from you?fu*k up men losers have no place here..

I do not believe in selling all your coins because you can regret greatly in the future when the said token becomes a hot cake.Who knows what that coin is capable of becoming. So I will rather hold some and maybe sell half.

may be true if we expect every day profit with btc prices now it seems impossible, the price continues to decrease negative sentiment to the market, but there is another alternative that is using it for long-term investment, it may be true the risk of loss is there but I think it's one the opportunity for us to profit in the current market circumstances, no need to rush to sell sometimes patience is needed to get the best, hopefully yes

That's true, when you are a panic person, you wouldn't be a good trader. You need to know this point that you say, market is VERY manipulative and if you are scared about it, just don't join cryptocurrency.

this scenario is repeating again this time as i have made some investment about two months ago  and im loss today my capital for about 50%. i am now thinking to sell my coin because i was too afraid that the coin will reach to zero value. . but on the other hand i was in deep thinking if im going to sell it now i will loss 50% its too big. i just hoping that anytime soon the market well recover.

It's clear that op just get into the bitcoin (since 2017) and maybe didn't have enough experience like other people here, he better didn't invest his money more than he can't afford to lose. To be honest, I heard more stories about those who are successful by trading rather than the story of those than who lose money. Basically, Bitcoin is a good investment if you're holding them as a long-term investment and easiest and secure one.