Sell or hold bitcoin cash ? - page 17.

CodyAlfaridzi

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Quote from: SwannS on November 15, 2017, 04:56:08 PM

Hello, I did a mistake during the high pump of bitcoin cash few days ago and I bought bitcoin cash for 1800$. Since I'm blocked on it because I don't want to do a loss by selling under 1800$...
My initial plan was to invest in differents altcoins... I think it is a good example of emotional trade Cry

.

Do you think it's a better idea to go out now or in few days when there will be a little pump OR to hold Bitcoin cash for a long period and forget my invest in others altcoins for the moment ?

It's a bad idea to buy BCH in the first place. Buying shitcoin in a pump make it even worst. The price is currently at $1000. If you sell now you lose about 45%. That is huge, but it could go bigger if Bitcoin Cash goes even lower. I don't see any future for Bitcoin Cash. Does anyone have idea what are they planning for the future? I mean since they don't implement Segwit they couldn't add something like Lightning Network too, right?

I'd say wait for another movement, if it goes lower, sell immediately.

SenSeiSoKo

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Activity: 224

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Why sell? Just HODL it or not... When you don't think that this is a good thing than you can sell it but nobody knows it exactly it is your decision so maybe don't sell all when selling Cool

illyiller

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Quote from: Synaesthesia on November 16, 2017, 06:57:31 AM

I think you should by more Bitcoin cash now with low price, about $1200. After that waiing until it rises up to $1500. You will sell to get profit

I'm not so sure about that. It has now made new lows around $1000, and it does not look like a "double bottom" to me. There have been no bounces on the way down from the $1200s, so it seems very likely to drop further.

Given how fast it went up, it's better to stay away from it for a while. There is a lot of supply built up from bagholders who bought into the pump. There are horizontal support levels in the $800s and $600s. I might be interested in buying those levels for a swing trade, depending how the chart looks.

Synaesthesia

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I think you should by more Bitcoin cash now with low price, about $1200. After that waiing until it rises up to $1500. You will sell to get profit

bucciarati

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maybe is already too late to sold, i fortunately have cancelled an order of buy back at 0.15 btc yesterday

i think we are heading south of 0.10 in a couple days since we are preparing for another bitcoin BTC rally till mid december

my opinion as always ;-)

Jaxelrell

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Activity: 85

Merit: 10

I will hold my bitcoincash because bitcoincash will rise up again people have seen that it have risen and damaged bitcoin. So now more people will be intrested because they all want money from it.

If you sell it now i think that you will have regrets that you have sold your coins.

Guber4

member

Activity: 76

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I guess you just need to pick a time when to hold a Bitcoin cash.
He had an amazing fight with Btc and that is not all.
He will be back soon.

warwar

hero member

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Quote from: xenomorphe1 on November 16, 2017, 05:59:33 AM

I think, you have to wait for the next pump... Maybe in 6 months or one year? Never buy at this price or dump it after getting some profits!

I think it will dump for the next few months if the segwit2x is not implemented. But if it is implemented the price will go up, it will be up . As my self I think I do daily trade because at first I dont know the capabilities of this coin because it really up because of the hard fork and makes its price goes higher so just to make profit with it daily

MirandaGreen12

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Merit: 16

maybe it's time to sell.

Nascor

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If you're a trader and managed the fork fluctuations right, then you could have made a big profit from the cancelation, BCH appreciated by a lot, at some point becoming the second most valued crypto coin (about thirty billion), but after that it went straight down, shorting that would have made you as much money as it made you when you went long on the position. I'm not a big fan of bitcoin cash and wouldn't buy it at the first place, but if you did buy it and are looking for a place to put back those funds, then get back to BTC or some other altcoins. Considering that forks are incoming, I think ultimately the value of Bitcoin cash will go down again and expectations should therefore be balanced.

xenomorphe1

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I think, you have to wait for the next pump... Maybe in 6 months or one year? Never buy at this price or dump it after getting some profits!

btct22

hero member

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The thing that turns me off BCH is that they never intend to support SegWit.. And that alone makes it inferior to BTC which is getting serious new innovation added to it by the best devs around.. BCH is just another Alt coin.

FrayDigger

member

Activity: 87

Merit: 10

I think it's time to buy btc cash..
but you cant be agree that it can be stable

onetwostep

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Its too late to sell. Wait till another pump and sell your all bitcoin cash.
I think it's a waste of time to hold bitcoin cash. It will go to zero

SwannS

newbie

Activity: 51

Merit: 0

Thank you all for your response and advice, I'm going to hold for now because the loss is high and I will sell it for a minimal loss (if possible :/). When I beginning to invest in cryptocurrencies (1 month ago) I was thinking to be immune about financial emotional decisions, I learned a lot with this error. And I don't believe in Bitcoin cash and it was totally a greedy investment instead of support a real project, that's the second mistake I'm not going to reproduce.

Question123

sr. member

Activity: 1624

Merit: 267

It's up to you if you want to hold your bitcoincash or you sell it. Because as of now the price of bitcoin continue to increase and the price of bitcoincash decreasing. But it's better if you hold bitcoincash because for sure it will increase again more in the future. Be careful of what decisiom you made because you lose some profit if you sell your bitcoincash .

Savik

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Activity: 364

Merit: 101

I would hold.

BTC has been flying high, everything else has been crushed. BCH has the lowest correlation with BTC, meaning when BTC goes up or down BCH acts independently.

When BTC goes up, Alts go down.
When BTC goes down, Alts go down.
BCH doesn't give a shit what BTC does.

https://www.sifrdata.com/cryptocurrency-correlation-matrix/

Indrawan77

hero member

Activity: 1274

Merit: 516

I personally see that bch is not a good coin to invest, it is a big mistake to buy bch without pating attention to the situation and some of my friends also get stucked with buying bch with a very high price, my suggestion is just sell the bch and continue to other coin, alt coin pump is only temporary and you need a long time for whale initiate another pump

hadang

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Merit: 10

Quote from: GreatOrchid on November 15, 2017, 06:11:24 PM

I made a huge mistake too when i wanted to make some profit from that pump/dump situation, i bought some bitcoincash and i earned more than 0.07 at that time, but then i suddenly bought some at 0.24 each one and i wa s not able to sell them at more than that price anymore, so i sold them at 0.22 each bcash and i lost more than 0.08 from that scenario.
I read a thread of someone who bought those coins at $2400 each one because they thought that it was going to be the new bitcoin, he was much more crazy than you, and he obviously lost a lot of money because of that situation.

BCH is only temporary pump. And many speculate it will replace the BTC. This is impossible. You can stop with BCH when you get 0.07 BTC. Sadly you did not do that. Trade is not easy.

EL-NIDO

full member

Activity: 629

Merit: 108

Quote

Hello, I did a mistake during the high pump of bitcoin cash few days ago and I bought bitcoin cash for 1800$.

That is really uncool what happened to you. But everyone in the world of crypto has experienced such a same thing before. It is hard to say but be
happy that you are not some of those people who bought Bitcoin Cash at 2800$.

At the moment Bitcoin Cash is at 1200$. I would wait until it moves to 1500$. Then put it in a coin like LISK until the rebrand or Waves until Waves NG update happened and move again to Bitcoin. Only my suggestion if I were at your situation..

Bitcoin is the original and real Bitcoin in which I believe.

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