Should I sell bitcoin now? - page 7.

rodskee

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Quote from: Ridwan Fauzi on April 11, 2020, 08:10:06 PM

What your intention to buy bitcoin? I mean did it for long term investment or short term investment?

With this question in the OP?i am sure that He has no real answer because if He knows what he wanted there is no question arise here.
Like me that i decide to Hold so i will never ask this specially in dumping season like this now.when the value of Bitcoin and the top altcoin is really falling (but of course we consider this as option to decide)price may fall again effect of this pandemic or will rise soon if the cure finally found.
so whatever you decide is will dictate the future of investment.
but if i am to ask?nope Just keep holding and prepare for the worst since this is the nature of crypto investing to risk if you wanted to earn,or to sell if you are not.

Ridwan Fauzi

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What your intention to buy bitcoin? I mean did it for long term investment or short term investment?

So it is depend on your intention/strategy, don't be depend on someone's suggestion because they would be wrong.

But my decision is always hold when bitcoin price went down. I choose for long term investment and I'll never sell my bitcoin before the price that I need is reached.

Kelvinid

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I smell price manipulation around if that will happen.
I shouldn't have to worry about this pronouncement/tweet because in the first place nobody could actually predict what will happen or he was trying to manipulate newcomers to sell their Bitcoin and bought it. We don't know what will happen next, it all has been unpredictable.
Should I have to sell my bitcoin now? I don't think so and I keep holding. But of course, we have to track the market trend for us to be aware of what is going on, not just be confident enough.

Oasisman

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Why would you sell your asset when you can choose to not worry regardless if Bitcoin will fall as hard as $3,000, because it'll open up an opportunity to buy more right? Selling today doesn't guarantee you anything, that's a lossing move. Let's say Bitcoin will fall, but it didn't reach the bottom you expected, then that's when the regrets kicks in. The same happens when Bitcoin will make a good run after you sell.
The right move would be avoid selling anything in this market condition, unless you're day/short trading.

carlfebz2

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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?

It all depends on you since its your money after all but i would like to give and advice that you shouldnt let yourself get affected too much with those sentiments no matter how popular the person is, dont listen to any speculation of prices given.The market had been always unpredictable ever since and we have seen hundreds of price calls from realistic to unrealistic ones.So its better to make your own decision
if you do sell now or accumulate further and this is what differs each trader from each other.You can listen to others but doesnt mean that it would be completely be copied or you do rely on those things 100%.

ScamViruS

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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?

Why would you trust an Exchange CEO's tweet? I have seen almost every CEO who influences retail traders in a different way. They will encourage you to open your position, so that they can liquidate your position later. Even same case with the binance CEO's tweets, many trader open counter trade if he tweet any market price related topic. And its success rate is much higher. Grin

So stop following such people. They all are businessman they always encourage you wrong way. So it all depends on what you want to do.

eaLiTy

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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?

You cannot listen to a third part and make decisions when it comes to decision making on investments, there is no point in panic selling because someone said so, if the market goes down then make sure you have the funds to invest during that period rather than selling off the coins, the only positive aspect you need to consider when taking these decisions is the expected long term valuation.

DeadCoin

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We can freely decide on what we are going to do our Bitcoin holding, it is either you will buy or sell on it. But always remember don't be dumb if you will sell under the price when was you are bought the Bitcoin and your profit was not there. This is not a good to decide on selling our Bitcoin. I am expecting that this Bitcoin price will have a strong resistance when Bitcoin halving will successfully occur.
Don't be a weak holder, be strong and don't make whale laugh on your decision.

mahilchii

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Saying is always there from a decade I do agree many analyst say BTC will hit badly but this is not the first time they are speculating. Market is not controlled by any one mate like you Know crypto is owners risk, BTC is strong enough to manage the downfall but that doesn't mean it will affect badly. I would suggest you not to sell BTC before Halving have some patience.

bitbunnny

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Everyone decides for himself but personaly I don't think now it's best time for selling. Of course everything depends if you have bought your coins and at what price, do you need the money etc.
However, I think that Bitcoin price will recover and rise again. Having in mind current situation it's hard to tell when and in what extend that will happen but if you have enough patience don't sell now.

jossiel

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What's your current stand? are you in need of the money and you fear of it going down so you're really going to sell?

Depends to your situation and how you will handle the fear that you are feeling right now. We've heard of good and bad predictions so if you go with the crowd it's up to you.

But before that, think of it many times and have a firm decision.

gentlemand

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Anyone who bases their moves on the opinion of the mindless slugs, me included, in here is probably better off exiting completely and finding something more steady. Nobody knows shit. Anyone claiming to is a double dollop of shit.

Yamifoud

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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?

It was too early to decide about selling, not this time.
Well, that all be possible but something has to wait and closely observe the market rather than to be affected such news. They are also speculating the market and it might be right or just a FUD ( a whales strategy). If the price will go down close to $4k, I have to sell some of my Bitcoin. But I hope it won't happen and I hope people won't do stupid things about selling their Bitcoins upon seeing this one.

Review Master

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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.

When a small dump is happened in the price of bitcoin, Everyone be like this.

I think, it's better to hodl. Also we can buy in deep if we have extra printed money. Grin

2alt

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Quote from: Febo on April 11, 2020, 07:33:08 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?

I dont get where you see that everyone predicting that? Dow Jones made more then 10% this week. That is like Bitcoin would make 50%. Bitcoin is behind all that stock optimism. If stock market is not wrong ( it could be) then Bitcoin will follow.

The feds are printing money non stop and pumping the market is why.

Monday - 60 bill
Tuesday - 60 billion
Wednesday 60 billion
Thursday - 2.3 TRILLION to hide unemployment.

And this is what is being announced. I am sure its more.

Thursday around 8:30am futures were down close to 1%. In a single candle it went from -1 to +1.5. Next candle pushed it over 2%. They did this to offset the bad news of unemployment.

Hmmm, the world is shutdown, we have an unknown disease killing people, balance sheet highest ever, unemployment highest ever. And DOW does best week since the 1930's. This is because the central banks are pumping it. Well, they are handing it to investors and letting them pump it.

Japan really never recovered from WW2 and their central banks own 80% of all stocks. This is what will happen here as we headed for a deep, deep, deep hole.

BTC certainly could go to 3k. It could also decouple from following the market and take off on its own. However, I believe they will not stop pumping the markets until election so odds are higher that BTC will go up than it will go down.

But do NOT think the market is doing anything good. It is essentially the feds slowly taking it over to help calm people.

superving

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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 someone told you that bitcoin will fall @$3000 is totally a big lie. They want to create panic and its thier opportunity to full thier bags with bitcoin, after a month or two after the dump they will say bitcoin will reach 11,000..

sheenshane

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

snip-
Bitmex CEO is twitting he believes bitcoin could go even as low as 2100..

Is this what you mean? BitMEX CEO Warns:...

I don't see it will gonna happen again. I got what the author means but I think people already panicked regarding the pandemic coronavirus outbreak and besides, the price of Bitcoin last week was showed a little resistance. If you are real crypto enthusiasts, don't listen about this kind of FUD news. We all know that the price of Bitcoin and the entire crypto market is unpredictable. Just HODL and help the market being manipulated with these kinds of people. They don't have enough proof, it's pure speculation.

Lucius

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

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?

Some in this forum say that BTC will soon be worth $0, so it's just a matter of believing them or BitMEX CEO. He is building his speculation on the basis of another major earthquake that will hit the stock market, similar to what happened a month ago. The question is whether this could happen again, or whether financial aid injected into economies around the world will still prevent another decline?

Hayes claims that despite the stimulus of $2 trillion in the USA, stock market will collapse again, and that will drag BTC at the new bottom. But he is also say that this year will end with $20 000 for 1 BTC, and just a month ago he say that bottom will be at $6000.

Maybe he's just saying what most people want to hear?

Wexnident

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HODLL. Thing is, are you going to use it for something or what? Not really a good thing to ask a public forum imo, so you should probably investigate a bit more. If you actually see any reason behind what they say EXCEPT for their bs TA's, then you might follow it. But if it's just random speculation bs, then I suggest following what YOU want instead. Additionally, even if there was proof, if you don't really need money that immediately, I suggest hodling. Best power out there tbh. And mate, here's the thing. We aren't some weird ass cult ( no offense to the legit cults out there) here that blindly believes what CEO's and well-known people spout. We are well educated human beings that bloody know how to think, so I suggest stop listening to them until they have at least minimal factual basis for what they are actually saying.

ethereumhunter

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That is your call, and you should know what you should do.

You can hold your bitcoin or sell it right away, but you should not regret if somehow, bitcoin price increases. That will happens too if bitcoin price decrease so you can buy bitcoin back at a low price. Ask yourself, and you might get the answer. I already sold some of my bitcoin when the price reaches $7,300, but I haven't bought bitcoin again because I am waiting for another lower price Grin

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