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Topic: selling bitcoin is a stupid decision ? - page 3. (Read 2479 times)

member
Activity: 246
Merit: 13
April 20, 2018, 12:47:51 PM
Hi guys , I  read in social media that many people are panicking its because bitcoin dropped every hour and they think they might lose their money because of that .Well for me , there's no need to panic because when bitcoin dropped as its lowest price its a blessing . And also joining in CRYPTO CURRENCY WORLD, you already know what risk you  should face , and  its a win and win bet when you hold bitcoin . So knowing that  some people selling their bitcoin I feel so sorry for them.  
There's no wrong in selling bitcoin especially at the time like this. We are all free to decide when it comes to our investments whether to hold it or not. Maybe we can say most of us prefer to hold our coins longer for greater profit success rate, but there are still investors who choose to have short term investments. They are the ones who have less patience, however, if they sell because there's an emergency not because of the negative news about bitcoin then it's forgivable. We all want to profit here, no one wants a loss and if someone choose to sell their coins then it is not our business, they are the one who are responsible to their actions.
member
Activity: 151
Merit: 10
April 20, 2018, 12:47:40 PM
In my opinion is a stupid decision to sell bitcoin, I think this is the time to invest(buy) in bitcoin, the experts are saying that in few years btc will be over 50k$... I hope they are right
member
Activity: 1078
Merit: 12
April 20, 2018, 12:43:46 PM
It seems so, selling at a cheap price this time is stupid decision, I just hope that all users can be patient to wait at least until the end of the year and we can sell for an expensive price.
jr. member
Activity: 261
Merit: 5
https://www.doh.gov.ph/covid-19/case-tracker
April 20, 2018, 12:42:49 PM
Hi guys , I  read in social media that many people are panicking its because bitcoin dropped every hour and they think they might lose their money because of that .Well for me , there's no need to panic because when bitcoin dropped as its lowest price its a blessing . And also joining in CRYPTO CURRENCY WORLD, you already know what risk you  should face , and  its a win and win bet when you hold bitcoin . So knowing that  some people selling their bitcoin I feel so sorry for them.  

I sell my bitcoin if I already get profit on it like double my investment . Mostly I change my bitcoin to other crypto if I want to invest on any ICO or just buy in the market .
sr. member
Activity: 700
Merit: 257
April 20, 2018, 12:42:19 PM
For me,selling bitcoin is not stupid,if they sell there bitcoin in low price it is better to buy bitcoin to have some more profits if the price is going back again bacause once you buy bitcoin in lower price if he value was came back it its vary worthit because you have a good profit.
If it is stupid then for sure all of us are just holders of it, but for some who are engaging their time in the market are doing a day trading or holding bitcoin for just a short period of time, but for me we should be balance that we should just hold a single of it and doing trading at the  same time.
member
Activity: 110
Merit: 10
April 20, 2018, 12:39:05 PM
For me,selling bitcoin is not stupid,if they sell there bitcoin in low price it is better to buy bitcoin to have some more profits if the price is going back again bacause once you buy bitcoin in lower price if he value was came back it its vary worthit because you have a good profit.
member
Activity: 158
Merit: 10
“Revolutionising Marketing and Loyalty"
April 20, 2018, 12:36:36 PM
Hi guys , I  read in social media that many people are panicking its because bitcoin dropped every hour and they think they might lose their money because of that .Well for me , there's no need to panic because when bitcoin dropped as its lowest price its a blessing . And also joining in CRYPTO CURRENCY WORLD, you already know what risk you  should face , and  its a win and win bet when you hold bitcoin . So knowing that  some people selling their bitcoin I feel so sorry for them.  

We dont know what really will happen in the future.
It could be good or bad so i think its not a stupid decision.
Its just like when the price of bitcoin still in its peak, then suddenly it started to drop to 10-13k usd, almost all of us still believes that it will soon comeback but the result is opposite it continue to drop. So for those who sell their bitcoin and avoid the huge loss , is it a stupid decision?
Well we could be wrong at times, but we should learn to accept it.
So for now lets think long term and positively that bitcoin will surpass its peak value last december.
full member
Activity: 322
Merit: 111
Revolutionized Rotating Savings & Borrowings
April 20, 2018, 12:28:29 PM
Selling isn't stupid but selling near the bottom or during a crash is. I sold a little bit of my stash and I don't feel bad or guilty or weird about it because it needed to be done. If there are others out there who are in profit but haven't taken profit and could use some profit, I implore you to sell some. It need not be a lot but enough that you aren't living day to day off ramen noodles Cheesy.
member
Activity: 238
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dApps Development Automation Platform
April 20, 2018, 12:25:26 PM
Hi guys , I  read in social media that many people are panicking its because bitcoin dropped every hour and they think they might lose their money because of that .Well for me , there's no need to panic because when bitcoin dropped as its lowest price its a blessing . And also joining in CRYPTO CURRENCY WORLD, you already know what risk you  should face , and  its a win and win bet when you hold bitcoin . So knowing that  some people selling their bitcoin I feel so sorry for them.  

If you bought bitcoin at 16k value and sold it before the last 3 months, you have lost less than you should. But if you bought bitcoin at its lowest value this year and you panic sell, then yes you have a lot to regret.

Besides you could do day to day trading which you can earn a little income instead of holding it too long.

"patience is a virtue, but time is gold" Smiley
sr. member
Activity: 994
Merit: 251
Betking.io - Best Bitcoin Casino
April 20, 2018, 12:22:03 PM
It's not stupid when you need money , in other cases better to wait because price can start increasing extreamly fast at any time so would be nice to sell bitcoins later.
true, and it also depends on the owner bitcoinnya own, especially if more need funds and the only way it must sell bitcoinnya, can continue what? because the goods can be sold only bitcoin.
but if there is no need better in store only if you want to get big profits if my suggestion
full member
Activity: 532
Merit: 103
April 20, 2018, 12:18:12 PM
Why does everyone have fear? Sell their bitcoins. After all, correction is an integral part of growth. This is a simple law applied to any market. In any case, bitcoin and whole market will update its price records. It is extremely stupid now to sell coins. I believe that Bitcoin will not die and will rise hard in the second half of this year.
Just look at the market. Recovery is starting.
jr. member
Activity: 462
Merit: 1
April 20, 2018, 12:15:53 PM
selling of ones bitcoin can never be and should never be adjudged to be a stupid decision,because if bitcoin have been classified to be an asset,then why do we acquire asset i ques one of the primary reason is to dispose them in times of extreme difficulty to offset bills or settle dept
newbie
Activity: 154
Merit: 0
April 20, 2018, 12:10:06 PM
It's not stupid when you need money , in other cases better to wait because price can start increasing extreamly fast at any time so would be nice to sell bitcoins later.
member
Activity: 285
Merit: 11
quarkchain.io
April 20, 2018, 12:02:35 PM
Hi guys , I  read in social media that many people are panicking its because bitcoin dropped every hour and they think they might lose their money because of that .Well for me , there's no need to panic because when bitcoin dropped as its lowest price its a blessing . And also joining in CRYPTO CURRENCY WORLD, you already know what risk you  should face , and  its a win and win bet when you hold bitcoin . So knowing that  some people selling their bitcoin I feel so sorry for them.  

Some people can decided to sell because they are still in profit. A lot of us bought btc below $1k last year beginning.  If we sell now it's still more than x8 profit
member
Activity: 180
Merit: 10
April 20, 2018, 11:56:58 AM
This drop is temporary, even though it lasts several  months.

Many experts predict the price to go at 50-100k in the 2020.
These are times to buy, not to sell.

If the price drops now it is a blessing, i would take advantage of it by buying and waiting for the Big Rise 😎
Your strategy is good. Bitcoin price is lucrative now to buy. In comparison with the demand and future potential of bitcoin, it is under valued undoubtedly. Yet, if somebody wants to sell bitcoin and buy back again to lock short term gain, we can't claim it as a stupid decision. May be he wants to stop loss or lock short term profit
newbie
Activity: 126
Merit: 0
April 20, 2018, 11:47:57 AM
Bitcoin investment need a lot of patience. Also the potential gains are higher than potential loss. There is no need to cut the losses in hurry. I have read so many posts saying that bitcoin is a long term investment. Invest in btc and forget about it for some time. Right now the prices are going down but the btc is growing globally apart from the negativity in the market.
jr. member
Activity: 74
Merit: 1
April 20, 2018, 11:45:39 AM
Sometimes yes and sometimes no it is always depends on man's strategy bro but its quite sure to the weak investors.
member
Activity: 154
Merit: 16
April 20, 2018, 11:44:02 AM
Your credit card is approved instantly but it isn't settled until months later. If someone pays you and you find out later it was a fraudulent card, you're out of luck! Bitcoin clears in 10 minutes and then it's irreversible forever. Look up the Lightning Network. With this technology next year bitcoin transactions can be instant. Bitcoin and other cryptocurrencies are valuable to me because it allows me to store money outside of the traditional financial system free from inflationary central banks and other monetary shenanigans. That being said, things are in a mania at the moment so don't invest what you can't afford to lose.
full member
Activity: 490
Merit: 106
April 20, 2018, 11:39:28 AM
aorry i disagree with you.
for me selling is not a stupid decision as long i get profit from it.
sell and buy was a part from trading.and nothing wrong with that.
member
Activity: 308
Merit: 12
April 20, 2018, 11:23:52 AM
The price of bitcoin is constantly fluctuating, and every drop is temporary. The cost will soon recover, and it is very foolish to sell bitcoin at such a low price.
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