Should I sell bitcoin now? - page 3.

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Quote from: noormcs5 on April 24, 2020, 07:59:12 AM

Quote from: Free1bitco.in on April 24, 2020, 12:49:05 AM

see the price so quickly reached the price of $ 7500, and now you are still thinking of selling assets? Well, that seems like a bad move. at this time, I chose to hold back. if the price can go up to $ 7500 in a short time, I think the price can also go up to the level of $ 8000 in a short time.

Selling now is not a wise decision however for short term traders must wait for the halving because i belief that bitcoin will pump quickly as the halving approaches nearby. For long term, you should wait for a year or so, bitcoin will cross its all time high.

my opinion selling at $ 8000 is very appropriate, it is strong resistance in my opinion, usually if before the Halving price will experience an Uptrend, just like BCH, BTG and BCD, I'm sure BTC will also experience it.

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Quote from: Free1bitco.in on April 24, 2020, 12:49:05 AM

see the price so quickly reached the price of $ 7500, and now you are still thinking of selling assets? Well, that seems like a bad move. at this time, I chose to hold back. if the price can go up to $ 7500 in a short time, I think the price can also go up to the level of $ 8000 in a short time.

Selling now is not a wise decision however for short term traders must wait for the halving because i belief that bitcoin will pump quickly as the halving approaches nearby. For long term, you should wait for a year or so, bitcoin will cross its all time high.

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Quote from: Free1bitco.in on April 24, 2020, 12:49:05 AM

see the price so quickly reached the price of $ 7500, and now you are still thinking of selling assets? Well, that seems like a bad move. at this time, I chose to hold back. if the price can go up to $ 7500 in a short time, I think the price can also go up to the level of $ 8000 in a short time.

For you to Know mate this thread was created 2 weeks ago and Bitcoin that time is still in this struggling situation so don't speak as if the question was given this Moment.and also Don't rely on the price of Bitcoin that pumping today because we are experiencing this since mid of march but yet we cannot even jump up to $8,000 and also OP is asking about the possible Dump down to $3000 level in which at some point might happen if this Corona Virus continues to spread the world.

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Quote from: Savemore on April 23, 2020, 08:29:04 AM

Quote from: mindrust on April 23, 2020, 03:43:25 AM

That depends on how deep your are in with bitcoin.

If you took more risks than you shouldn't have, then it is probably a good idea especially if you have some profits. If the amount is not that big then stay in the game bitcoin sometimes make surprises too.

Tbh I don't see bitcoin making a new ATH in this situation we are in. It may not go down but may stay around these levels for a long time.

It all depends on how much you invested in and if you are going to need that money in the future.

Our decisions on selling should be depends on our goals, if we have a plan then we should follow it. Target profit is important for those momentum and swing trader, but if you are holder target profit is not important but trailing stop is the one that we should consider as important in order to protect our gains. Before we sell or buy a bitcoin, we should have plan that we should follow in order for us to lessen the mistakes that we are going to make.

Aiming for the target profit is fine but what if it never comes? What if you are chasing a ghost?

These are also the possibilities. Just because bitcoin went up till today doesn't mean it will be going up forever. It is possible to stay at 10k for the next 10 years while it is also possible to reach 20k and go back to 5k again.

What if the bear market isn't over that started in Dec 2017?? That's a one big if.

I used to aim for a target profit too but I realized it created unnecessary stress on me. For me it is better to buy and forget. Don't look at the charts, invest small so it won't bother you when it goes down.

Free1bitco.in

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see the price so quickly reached the price of $ 7500, and now you are still thinking of selling assets? Well, that seems like a bad move. at this time, I chose to hold back. if the price can go up to $ 7500 in a short time, I think the price can also go up to the level of $ 8000 in a short time.

Clement Kaliyar

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Quote from: darewaller on April 20, 2020, 02:08:03 PM

Who really says bitcoin is going to 3k? I mean I am checking bitcointalk every single day, I read almost all topics every single day as well, and I do not see a single person who says bitcoin will go to 3k. All I am seeing is hopeful people who are buying bitcoin because they think bitcoin will go up before the halving and maybe even after the halving as well, which is why we are seeing bitcoin increases constantly.

The world is going through a tough time and you never know what is going to happen next, there is a certain crisis coming up and it is hard to ignore that, how each and every market will hold up during that period is yet to be known, i am expecting all the markets having a tough time for the next two years.

I am not selling anything now, even if the market goes down i am not expecting a big blood bath and i am looking for the long term .

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Quote from: Snappycoco on April 20, 2020, 07:54:21 AM

It is quite clear that the price will go low due to COVID and the need for some physical cash. I personally believe that after this crisis, bitcoin will rise as it should be.

But don't expect so soon because for sure the effect will take longer than we expected because the value of Bitcoin relies on investors since the world is coping with the effect of pandemic for sure investors will have limited Money to re invest again.

Quote from: joinfree on April 22, 2020, 12:32:08 PM

There is a slight chance of bitcoin reducing in price but I don't think it will sink that low so I would say rather buy more if you have than selling the little you have. Because you just don't know when the price is going to take of with a short bull run you know. It can happen so fast you might not be able to ride with it. So stay in the boat and wait for the climax of bitcoin halving.

It does already reduced price couple of times but coming back to $7,000 level meaning this is the stable price until recovery.

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Quote from: mindrust on April 23, 2020, 03:43:25 AM

That depends on how deep your are in with bitcoin.

If you took more risks than you shouldn't have, then it is probably a good idea especially if you have some profits. If the amount is not that big then stay in the game bitcoin sometimes make surprises too.

Tbh I don't see bitcoin making a new ATH in this situation we are in. It may not go down but may stay around these levels for a long time.

It all depends on how much you invested in and if you are going to need that money in the future.

Our decisions on selling should be depends on our goals, if we have a plan then we should follow it. Target profit is important for those momentum and swing trader, but if you are holder target profit is not important but trailing stop is the one that we should consider as important in order to protect our gains. Before we sell or buy a bitcoin, we should have plan that we should follow in order for us to lessen the mistakes that we are going to make.

mindrust

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That depends on how deep your are in with bitcoin.

If you took more risks than you shouldn't have, then it is probably a good idea especially if you have some profits. If the amount is not that big then stay in the game bitcoin sometimes make surprises too.

Tbh I don't see bitcoin making a new ATH in this situation we are in. It may not go down but may stay around these levels for a long time.

It all depends on how much you invested in and if you are going to need that money in the future.

Naida_BR

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Quote from: Tipstar on April 11, 2020, 06:39:38 AM

Everyone is telling that bitcoin is going to 3K. Every news and notifications points that the trend is going towards 3K.
Bitmex CEO is twitting he believes bitcoin could go even as low as 2100, so would it be better to sell my bitcoin now and buy for 50% cheaper?
Seems like everybody are trying their best to decrease the price, it might be better to move with the herd?

We are waiting for Bitcoin Halving to happen in about 15 days.
I don't think that 3k is still a viable target. As the Bitcoin Halving is going to happen then the lower support is going to be higher than the 3k that it is already discussed before this event.

TheGreatPython

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You know what is great about bitcoin not being so mainstream just yet? We are not really big enough to be the thing people sell when they are in financial trouble because not a lot of people has it neither. Think of how many people and more importantly how much money is involved in stock markets and compare that to bitcoin markets, even if you involve ALL crypto, I mean stable ones and altcoins and such, the whole market still doesn't really worth that much at all.

So right now if the things go bad because of corona, that still wouldn't hurt bitcoin as much as it hurts other stuff. So, that will probably result with a lower fall on bitcoin than other places falling and "a smaller fall compared to others" is still a store of value if you ask me.

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There is a slight chance of bitcoin reducing in price but I don't think it will sink that low so I would say rather buy more if you have than selling the little you have. Because you just don't know when the price is going to take of with a short bull run you know. It can happen so fast you might not be able to ride with it. So stay in the boat and wait for the climax of bitcoin halving.

onrise

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Quote from: Snappycoco on April 20, 2020, 07:54:21 AM

It is quite clear that the price will go low due to COVID and the need for some physical cash. I personally believe that after this crisis, bitcoin will rise as it should be.

If people require money, then they would have to sell the coins r other shares if invest din stick markets etc in order to survive. But if people have some extra liquidity then it is also a good time to invest in good crypto coins as whenever market recovers it is going be a upside in a short time. The rally could be very quick and only beneficial for those who stay invested in it and have some coins in with them.

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Quote from: Jocuserious on April 22, 2020, 02:20:25 AM

I never received strong news about bitcoin drop 3k even i don't believe right now because we know bitcoin market is unstable. Therefore, we know about tomorrow how much drop and jump can do.

Anyway, if you're not regularly trader then you can compare buying price and selling price like if you have still in profits chance then you can sales now.

Another explain, if you're a patient holder then you can hold till next uping time.

We never know about that because everything can be possible to happen. Yes, a hold will be the right choice, but we can also try to buy and sell bitcoin when it is up and down. We almost see the halving time, so we can hope that will trigger the price to increase higher. But if before the price increase, we are going to see another correction, then that will not be a problem because we can buy more bitcoin and hold it until the price increase.

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Quote from: Snappycoco on April 20, 2020, 07:54:21 AM

It is quite clear that the price will go low due to COVID and the need for some physical cash. I personally believe that after this crisis, bitcoin will rise as it should be.

We are enduring Covid-19 already 2 months and the prices is not dropped a lot.
AS Bitcoin Halving is going to happen in around 20 days the price is not going to go low, but on the contrary it is going to grow significantly.

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Quote from: Jocuserious on April 22, 2020, 02:20:25 AM

I never received strong news about bitcoin drop 3k even i don't believe right now because we know bitcoin market is unstable. Therefore, we know about tomorrow how much drop and jump can do.

Anyway, if you're not regularly trader then you can compare buying price and selling price like if you have still in profits chance then you can sales now.

Another explain, if you're a patient holder then you can hold till next uping time.

I might be inclined to hold back compared to selling the assets that I have held since 2019. Well, my target is halving. too bad if I have to sell it now when my target is very close. I'm pretty sure the price of bitcoin will tend to rise when halving, so I will hold back. maybe it can also be a suggestion for those who want to sell their assets.

Jocuserious

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I never received strong news about bitcoin drop 3k even i don't believe right now because we know bitcoin market is unstable. Therefore, we know about tomorrow how much drop and jump can do.

Anyway, if you're not regularly trader then you can compare buying price and selling price like if you have still in profits chance then you can sales now.

Another explain, if you're a patient holder then you can hold till next uping time.

imstillthebest

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if i am a regular trader/investor , i will also follow what majority are saying even if its hard for me to accept that btc can potentially decrease but luckily i am not a trader nor an investor so my decision is neutral at the moment . however i dont believe when you said that everybody is trying to decrease btc . not everybody but i think majority are on the investing/hodling side . on your case op, i like you plan of selling and then buying back btc again. that is more wiser move because you already pull out your potential profit than wasting the oppurtunity

okala

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This you question is like some is hungry and ask either he should eat! Emotionally you may not be able to trade bitcoin successfully since you are depending on the judgements of others. I strongly think bitcoin is more of the positive than the negative technical and whoever that is calling for a fall is been done out of manipulations.

TitanGEL

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Quote from: darewaller on April 20, 2020, 02:08:03 PM

Who really says bitcoin is going to 3k? I mean I am checking bitcointalk every single day, I read almost all topics every single day as well, and I do not see a single person who says bitcoin will go to 3k. All I am seeing is hopeful people who are buying bitcoin because they think bitcoin will go up before the halving and maybe even after the halving as well, which is why we are seeing bitcoin increases constantly.

Definitely, it peaked over 7.2k recently and moved under 7k again, however those are regular market movements that we can expect all the time, nothing too serious, and considering the message was on 11th April which was almost 10 days ago, we can say that bitcoin prices are stable and nothing will happen to them at all, as you can see nothing happened to it in the past 10 days neither

It is just a pure speculation that is why he think that the price of bitcoin will go beyond $3k per each, we should not believe on the tips or opinions of people all over the internet and also if we are going to make decision; we should not consult to the public because it can make us to suffer losses. We can make better decisions by relying on price action alone, by reading charts and analyzing trends; we can have a better decisions that can make us to earn profit in the market.

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