selling bitcoin is a stupid decision ? - page 31.

rodskee

full member

Activity: 2520

Merit: 204

Quote from: popping on March 25, 2018, 06:08:13 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.

lack of knowledge how bitcoin runs as digital currency and the risk being volatile surely making panic from them but if they knows how much bitcoin moves up and down the value in market as decentralized cryptocurrency i think people know how to handle their investment to get earning during the price dumping in the market. bitcoin dropping in the lowest prices is aright time to buy not for selling.

kimochidesh

sr. member

Activity: 518

Merit: 257

One of my friends is thought to sell his holding in BTC when its price was about $18-19K, then the price drops to 14K...gradually now at 7K and he is unable to sell his holding till now. And now he is regretting his every decision of not selling it. So i believe that We should book some profit at various price levels to stay safe.

qtronix

member

Activity: 596

Merit: 10

Sell bitcoin when prices fall in the market only those who are not familiar with this system in principle. Those who have been doing this for a long time, have already carefully studied the market and its features, and perceive these falls quite calmly.

drukoz2

member

Activity: 395

Merit: 10

Very stupid. I'm tired of dissuading people from panicking selling coins when the market falls.

teejayrichard2

member

Activity: 574

Merit: 12

this is funny but i strongly agree with you. people easily panic once they see price drop a little. holding your coins is the best thing to do because price will surely rise again.

Casmiro

newbie

Activity: 154

Merit: 0

Quote from: popping on March 25, 2018, 06:08:13 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.

People who lack the basics of trading and investing in this crypto, especially for beginners who are joining the world of crypto. They will easily experience panic when bitcoin prices continue to decline. They are not ready to take big risks, without thinking long they immediately sell the coins they have to avoid losses.
It is not a foolish decision, it is because of their less mature strategy in investing.

Pakwan12

newbie

Activity: 119

Merit: 0

It's depend of the situation,if you need to sell bitcoin to the emergency needs it ok.but if you sell bitcoin just for hang out with your friends that a big stupid division.

Collider

hero member

Activity: 714

Merit: 500

Quote from: dzhan on March 26, 2018, 02:37:23 PM

In my opinion, selling Bitcoin isn't the right decision even if the price drop down more. BTC is very valuable crypto currency, but its price is volatile, so even if its actual price is low, we can expect that it will increase again highly in the future. But some people are forced to sell, because perhaps they need fiat money for their living bills.

Yeah even I sell my bitcoins when I am in need of money or in any case of emergencies and I don't think that its a stupod decision to sell.bircoins as we are earning it so that it can be helpful for us when we are in desperate need of money and instead of borrowing money from friends and family I will prefer to sell my bitcoins and get cash instantly as borrowing money now and then can put my reputation at stake.

dzhan

sr. member

Activity: 743

Merit: 250

In my opinion, selling Bitcoin isn't the right decision even if the price drop down more. BTC is very valuable crypto currency, but its price is volatile, so even if its actual price is low, we can expect that it will increase again highly in the future. But some people are forced to sell, because perhaps they need fiat money for their living bills.

al.nechiporuk

jr. member

Activity: 336

Merit: 1

It depends on the conditions. But now the whole market is red, I think it makes no sense to sell, because today the market correction, and after that there should be growth.

Aleksabit

member

Activity: 79

Merit: 60

In the case of the fall of Bitcoin, the stupid decision is to sell bitcoin, but still if we buy bitcoin at a cheaper price than sales we are certainly in profit, so 30% sell 70% not to sell, but it all depends on the price of bitcoins. Wink

Doge dealer

sr. member

Activity: 462

Merit: 252

once your making a profit and you achieved what you set out to do the sale of bitcoins is perfectly fine , fact is bitcoins is extremely speculative and volatile at this point , and there seems to be no desernable pattern in its movement so once your selling at a profit then your good in my book.

Washball

full member

Activity: 266

Merit: 151

First crypto index traded as a token!

Selling bitcoin is stupid, that is if you've bought for a higher price. It does make sense to sell now that the price is dropping, it's better to buy with the lower price. At this moment the price is dropping from more than 8K to below 8K, so it's a good opportunity to buy. In a few months the price will rise again, when Lightning Network makes transactions real fast and for almost nothing. At the end of 2018 the price will reach 30K.

Jimile

newbie

Activity: 52

Merit: 0

due to the drop in bitcoin price on the market, selling is the right decision at the moment of time

dear53

jr. member

Activity: 322

Merit: 1

I want to buy bitcoin more and more.I dons want to sell it because its price going to high and high.Its not stupid working to re: sell bitcoin if you need money but it is stupid work to re: sell bitcoin.You have to deposit in bitcoin more and more if u want to change your future life.

walemil

full member

Activity: 448

Merit: 100

You are right, selling bitcoin at this point is not a wise decision. I noticed that a lot of people are even selling at a loss. Can't you just think for a moment what will happen if you hold your bitcoin for a period of time? The price will go up and you will profit. Wise people are seeing this as an opportunity to buy.

brickafterbrickwalldpt

full member

Activity: 294

Merit: 107

We shouldn't judge people on what they are doing with their bitcoins. Holding is a good idea because Bitcoin might become more expensive in the future. Many poor people invested in Bitcoin hoping that they will be able to earn enough to go to university or move to another country. As I said, it mostly depends on the person and their situation - if someone wants to sell then there is no reason to stop them. Someone else will buy their bitcoins - possibly someone new to our community. Things just don't disappear. Don't be afraid to sell, don't be afraid to buy.

DominRx

jr. member

Activity: 238

Merit: 1

Sale bitcoin - it's stupid, at this point in time! We have to wait and wait a long time .. When the price is above $ 200,000, only then, you can think about selling it!

cryptogideon19

member

Activity: 316

Merit: 10

Maybe it's just a tactic they're doing today's social media news. In my opinion this is a great idea that you need to ride. If you ride someone else's way you are one of those who have no confidence in the Crypto world. It's a big thing for me to measure how patient you are. Here is my opinion.

Ayaancool

full member

Activity: 308

Merit: 100

As per the dull situation selling bitcoin is really foolishness. So try to hold maximum that you can.Nowadays report says that bitcoin is getting recovered from crisis, so to stand up proudly before all other cryptos will take a bit more time.So wait for it,don't be hurry hurry.

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