Should I sell bitcoin now? - page 4.

pixie85

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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.

You must be joking. People who invest in cryptocurrency are not those poor guys who don't have any savings and survive on benefits.

The average bitcoin holder has some money on the side and will not go hungry because of covid. Also the pandemic is stabilizing and the number of cases is expected to decrease in Summer while the price of Bitcoin is expected to at least stay on the same level after the halving.

Bitcoin is staying strong during the depression and those who sold in anticipation of 3000 or 2000 dollars made a mistake.

South Park

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Quote from: Oasisman on April 20, 2020, 04:33:54 AM

Quote from: Smitty Werben Man Jensen on April 20, 2020, 01:12:06 AM

from the results of my latest analysis, it looks like Bitcoin will start a new bullish path, and $ 3,000 for now doesn't seem to be seen anymore,
Halving is near, the bull is coming you should note this, some people also say the bull is coming, and if you Hold Bitcoin in price now is not bad,
$ 8,000 is resistance, hope you can get there

$8,000 resistance seems so hard to break as well. Many people say the bull is about to come, but It doesn't seem like the price is going that way, and falling below $5,000 doesn't seem its going to happen anytime as well. We're floating sideway in this figure and it's hard to tell where will the price is going.
Anyway, I think having the vaccine available in public to cure the covid will somehow make an impact in the market.

I think we are getting ahead of ourselves since bitcoin is having problems surpassing the 7k level, as we can see sometimes it surpasses that level and then just some days later it goes below it once again, also while a vaccine could make an impact in the confidence of the public about the future of the economy that is not going to solve the fact that millions of jobs have been lost and that many businesses will close their doors so even with the halving so close I really think that bitcoin is probably not going to go through a bull run during this year.

STT

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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.

Physical cash spreads the virus on its surface when passed between people, Im not really wanting to go near it personally. Everything I've done for couple months now has been digital cash or crypto, etc.
If you mean people wont speculate on BTC then sure maybe but thats ignoring the idea of BTC having a place in the world as a secure transaction device and I see it has plenty avenues of usage and reasons to retain it. It may depend where you live but most countries are printing alot of money, making their national currency cheap which means BTC as a hedge vs that weakness is probably a good idea and its highly usable when I need to transact. I dont see this selling pressure is applied singularly on BTC really.

darewaller

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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

ballerin and giroud

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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.

Now, it is time to came out from this pandemic. If we just stay on this situation we never have any change. The economic will goes to dissapear if we just wait and wait until the pandemic end. I agree with the US government decision that they will open the economic activity while this pandemic spreading, because they will know the impact if they just stay and wait for the virus gone.

Zemomtum

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Nobody can give a conclusive answer to this, if anybody vowed to be able to do this perfectly, that person will be the richest man on the planet. All are just speculation as BTC nowadays does not respect fundamental analysis and can go sideways.

Snappycoco

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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.

danherbias07

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It will be a good news for those who are still waiting for a cheaper price to buy.
But for those who have already bought now, it might become a regret causing a deep dump.

Bitcoin have its ups and downs and I think we should not worry much about this unless you are a trader or some sort.
It will not be profitable for us who are holding spreading some kind of a FUD.

kotajikikox

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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?

Nope this is the bottom and you will only lose the momentum to profit if you decide to sell your Bitcoin mate ,we can see it on how the market is Going now and the stable of prices specially Bitcoin to $7000 is a good sign.

Quote from: Republikcoin.com on April 17, 2020, 12:45:18 AM

at this time, the price of bitcoin has reached a new price of $ 7k. I'm not sure that selling bitcoin right now is the right thing. although there is a potential that the price of bitcoin can drop to $ 6k again, but I think the rise in bitcoin prices will slowly approach the price of $ 8k. halving happens next month, so it could be the beginning of the year the price of bitcoin reaches a price of $ 10k. just a little longer, that's my suggestion.

what New price mate?we have been in 7k level for more than 2 weeks now and almost Hit 7,500$ recently .

Oasisman

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Quote from: Smitty Werben Man Jensen on April 20, 2020, 01:12:06 AM

from the results of my latest analysis, it looks like Bitcoin will start a new bullish path, and $ 3,000 for now doesn't seem to be seen anymore,
Halving is near, the bull is coming you should note this, some people also say the bull is coming, and if you Hold Bitcoin in price now is not bad,
$ 8,000 is resistance, hope you can get there

$8,000 resistance seems so hard to break as well. Many people say the bull is about to come, but It doesn't seem like the price is going that way, and falling below $5,000 doesn't seem its going to happen anytime as well. We're floating sideway in this figure and it's hard to tell where will the price is going.
Anyway, I think having the vaccine available in public to cure the covid will somehow make an impact in the market.

Smitty Werben Man Jensen

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Quote from: carter34 on April 19, 2020, 03:10:25 AM

Quote from: Smitty Werben Man Jensen on April 18, 2020, 11:42:01 AM

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 see the situation of the price of Bitcoin first, and how the whales play, if indeed everyone expects Bitcoin to $ 3000, maybe the pope will not leave it alone, the price could be to $ 8000- $ 10000 before halving, don't get a trap!

I just will hodl now. If it slums to 3,000 well is another round of waiting but a higher levels to 10,000 means the bull has resumed for the next run link in 2017. But on the optimistic it is going up for highs after halving history is coming back.

from the results of my latest analysis, it looks like Bitcoin will start a new bullish path, and $ 3,000 for now doesn't seem to be seen anymore,
Halving is near, the bull is coming you should note this, some people also say the bull is coming, and if you Hold Bitcoin in price now is not bad,
$ 8,000 is resistance, hope you can get there

Hippocrypto

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Everything we heard here was only insights that creates different stories, and it affects the emotions of every person who happens to read every opinions. Let's respect those ideas about bitcoin price, but to an extent of 3k per btc I think that's worst case scenario.
Selling your bitcoin isn't a good options nowadays, because you're not helping your asset grow.
The brilliant idea to do while market hasn't able to recover, is to wait and hold before perfect day will come for entire cryptocurrency.

carter34

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Quote from: Smitty Werben Man Jensen on April 18, 2020, 11:42:01 AM

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 see the situation of the price of Bitcoin first, and how the whales play, if indeed everyone expects Bitcoin to $ 3000, maybe the pope will not leave it alone, the price could be to $ 8000- $ 10000 before halving, don't get a trap!

I just will hodl now. If it slums to 3,000 well is another round of waiting but a higher levels to 10,000 means the bull has resumed for the next run link in 2017. But on the optimistic it is going up for highs after halving history is coming back.

Smitty Werben Man Jensen

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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 see the situation of the price of Bitcoin first, and how the whales play, if indeed everyone expects Bitcoin to $ 3000, maybe the pope will not leave it alone, the price could be to $ 8000- $ 10000 before halving, don't get a trap!

Oceat

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Quote from: Republikcoin.com on April 17, 2020, 12:45:18 AM

at this time, the price of bitcoin has reached a new price of $ 7k. I'm not sure that selling bitcoin right now is the right thing. although there is a potential that the price of bitcoin can drop to $ 6k again, but I think the rise in bitcoin prices will slowly approach the price of $ 8k. halving happens next month, so it could be the beginning of the year the price of bitcoin reaches a price of $ 10k. just a little longer, that's my suggestion.

I can't fathom to understand that Bitcoin would go down that far to deep dive at $3,000. It's beyond to what I see happening in the market right now and I don't know where on earth is that coming. Should we believe them that it would go down to $3k? Why don't we just HODL instead of selling? HODL is much more safer than risking to blend in with the trend, don't they?

Kong Hey Pakboy

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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?

If you still have money to used to provide the things that you need, it might be okay to sell out your bitcoin. But if you still have a money to spare for your neccesities, it will be a bad time for you to sell out your bitcoin because it is normal for bitcoin to make a huge dump every year. All you need is to have patience and faith in bitcoin because sooner or later bitcoin could also make a huge pump due to it's volatility, so you better hold your bitcoin and have have patience for you to maintain your long term investment because might reach it's price to 20k USD again.

Republikcoin.com

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at this time, the price of bitcoin has reached a new price of $ 7k. I'm not sure that selling bitcoin right now is the right thing. although there is a potential that the price of bitcoin can drop to $ 6k again, but I think the rise in bitcoin prices will slowly approach the price of $ 8k. halving happens next month, so it could be the beginning of the year the price of bitcoin reaches a price of $ 10k. just a little longer, that's my suggestion.

dunfida

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Quote from: South Park on April 16, 2020, 10:49:50 AM

Quote from: Reid on April 14, 2020, 10:52:46 AM

It did went down for so much just a month ago. Like 4.8k right? I think that is already the right time to buy it.
But this as a selling point. Not in my view. Not yet.

Although there is a virus that is circulating around the world it is not yet the time for investors to sell their bitcoins and just save it with cash.
That will be a waste I think, specially to those who are not yet at ROI.
You might have seen some slight decrease but those could just be people who are now having a hard time to make money and are now in need to buy necessities so they jump into selling their bitcoin.

This kind of crisis will really put to test to skill of investors, those that are investing money they cannot really afford to lose will have no other option but to sell their coins even if they do not want it as they have no more money and they will need that money to cover their expenses, but the smart investors that are only using a portion of their capital can use the current opportunity it has presented itself to buy all the bitcoin they can for a low price now and obtain great profits in the future once the markets go back to normal.

It depends into your financial capability since we know that not all would really have that kind of chance or status in life where you can anytime buy since you do have the money on a specific time.
Its really hard to make up a decision or sell on loss when you do saw that you would need up some money for the sake of your needs which i dont see anything wrong with that.
Its nothing new for that kind of emotion where you do see your portfolio turns to red due to market condition and as said we do have our corresponding reaction towards on that.

South Park

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Quote from: Reid on April 14, 2020, 10:52:46 AM

It did went down for so much just a month ago. Like 4.8k right? I think that is already the right time to buy it.
But this as a selling point. Not in my view. Not yet.

Although there is a virus that is circulating around the world it is not yet the time for investors to sell their bitcoins and just save it with cash.
That will be a waste I think, specially to those who are not yet at ROI.
You might have seen some slight decrease but those could just be people who are now having a hard time to make money and are now in need to buy necessities so they jump into selling their bitcoin.

This kind of crisis will really put to test to skill of investors, those that are investing money they cannot really afford to lose will have no other option but to sell their coins even if they do not want it as they have no more money and they will need that money to cover their expenses, but the smart investors that are only using a portion of their capital can use the current opportunity it has presented itself to buy all the bitcoin they can for a low price now and obtain great profits in the future once the markets go back to normal.

Reatim

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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?

Dont just believe what you are reading in the forum because this won't help you profit,if you are a here for years now then you should know that analyst is not that very trustable in this forum for having different opinion and false views in future.

Quote from: BTCLiz on April 15, 2020, 06:29:29 PM

As a consequence people will look for gold and Bitcoin.

But for sure people will choose Bitcoin because Gold moves slowly and cannot even make the price double in a year things that Bitcoin can do multiple times in a row.

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