Should I sell or hold on my bitcoin? - page 12.

thecryptogandalf

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Quote from: Armani123 on January 24, 2021, 10:16:26 AM

Hi Everyone, I have a dilemma since I am holding an wholesome portion of bitcoin. With all the speculation going on in the market I don't know whether to sell or hold on my bitcoin. I've been wanting for more than a week to see if bitcoin's price improves, but it is only falling more and more.

I've gone through dozens of analysts' blogs, websites, market cap sites, price prediction sites, and all the important bitcoin market sites to find the right answer. But I am still unsure.

So, can anyone please tell me if I should dump my bitcoins with some losses (selling at lesser price than the buying price), or should I hold on to it?

There is also another reason. A promising stock just opened up. So should I sell my bitcoins and but the new stock that I'm interested in?

Viketo Sumi (Armani123)

I have read an article explaining this topic quite nicely. Here is the link if you would like to read.

nowlscor18

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Quote from: Kocret02 on January 24, 2021, 11:04:28 AM

don't panic and don't worry bitcoin is only undergoing a brief correction. My advice is hold bitcoins and don't sell at low prices, because if you sell at low prices you will only get losses and disappointments

I agree, because bitcoin is now on their process to be back on it's normal market price. I also suggest to hold your bitcoins before you regret and losses such a big chances. Don't panic if the market price went down instead learn to wait and always be updated for you to know when to hold your bitcoins and when you will going to sell it in the right time and in a right moment. Just chill, don't stress yourself because if you do then you will give yourself the reason to feel uneasy and disappointed when the right time will come.

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Quote from: aditasetia123 on June 14, 2021, 07:53:40 PM

bitcoin holder should be proud with their investment, there are only 21 million coins and never printed again. this assets was be very rare when completely minted and no more left. in next several years bitcoin maybe will be most expensive assets ever, so selling it now to early. if we use this investment with free money ,our mental or psychology should be fine when we see its move with high volatility.

Yes whatever you said, is somehow correct upto a certain point.
But my friend what if the OP needs some serious cash now? Then yes he is bound to sell the coin.
I am unhappy to see the current price of BTC as it was capable of something else.

Op can do one thing, you can lend some amount and pay it afterwards in the future if you need some hard cash right now(i am saying not to sell the BTC now)
Else if you financially stable now, then wait for some months and you will be happy to be rich.

kapalmabur

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Quote from: feelideb on June 16, 2021, 05:16:23 AM

It is always good to have an open mind about the posibilities of bitcoin! Bitcoin is beyond speculative asset as some will bet to disagree. Bitcoin is very valuable and useful for the world where money is not what it is! If I were you, I will hold my bitcoin and increase mywealth. Bitcon is not 'get rich quick' but a long term asset that become valuable as years passes by.

That's right if we think that by investing in bitcoin it will make us rich quick I think that's a big mistake,
and I don't see anyone get rich quick from bitcoin,
because it takes time too and therefore bitcoin is a long term asset

Mahanton

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sell a part if you feel it is necessary, the rest you can keep it for a few years, i think it will bring you good profits.

This is what im doing on where most of the time the bitcoin or coins that i do able to accumulate is been saved on a hardware wallet but when im in need then those coins would really tend to be deducted because whats money if you wont be using it anyway? As long you wouldnt spend it all and save up for the future years then you should be fine.We know the potential of bitcoin when it comes to future runs so majority is really trying out their best to accumulate while they can even though the price is way too expensive at the moment but to think that we can gather on smaller parts which is great.

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Quote from: feelideb on June 16, 2021, 05:16:23 AM

It is always good to have an open mind about the posibilities of bitcoin! Bitcoin is beyond speculative asset as some will bet to disagree. Bitcoin is very valuable and useful for the world where money is not what it is! If I were you, I will hold my bitcoin and increase mywealth. Bitcon is not 'get rich quick' but a long term asset that become valuable as years passes by.

holding bitcoin is the best thing to do i totally agree with your suggestion that bitcoin is a long term asset and over time it will continue to increase from year to year and renewable ATH will always be formed. whenever you buy bitcoin is not a problem but whether you can afford to hold it for a long time at least after the halving (4 years), because there will always be an increase from old ATH to renewable ATH.

even if you dare to speculate now bitcoin has also become daily trading because the movement between down and up in the stock market is very fast and if you are smart to analyze then you will get additional benefits from bitcoin, while waiting for a long term.

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It is always good to have an open mind about the posibilities of bitcoin! Bitcoin is beyond speculative asset as some will bet to disagree. Bitcoin is very valuable and useful for the world where money is not what it is! If I were you, I will hold my bitcoin and increase mywealth. Bitcon is not 'get rich quick' but a long term asset that become valuable as years passes by.

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Quote from: monineklutak on June 13, 2021, 03:16:06 AM

Quote from: blockman on June 12, 2021, 05:57:06 PM

Quote from: Jocuserious on June 12, 2021, 05:05:16 PM

Here is my advice don't sell for lower price at least if you had bought higher price. Although if do you have bought btc in cheap price under $20k then welcome to sell and take your profits now. Actually btc ATH good move everyday so if you can take long time holding then you will receive good profits. Even you should analysis first then we will find a best decision. Otherwise if you would like important our decision then you can't make profits from crypto market.

That mistake of selling at a lower price had been done by too many panic sellers. They have been taken for granted because they rely on their emotion. They've thought that it's not going to last anymore and the favor is not with them. If they don't have to sell, they can hold until they can because that's the only thing that they have to do. You don't sell at loss and if you're at loss and you can see it with the value of bitcoin that you're holding, you only have to hold.

Those who panic I think are very easily controlled by emotions,
Of course it's not good because we should be able to control ourselves not to sell it,
indeed it is not easy but if we are patient and think clearly maybe we will not panic and apart from it all for me panic is a natural thing and hopefully we can learn from it

Panic is a human thing, but psychological pressure like this must be controlled so that we can achieve the targets that have been planned. I'm also still thinking about holding on to the bitcoins that I have, even though I'm actually still profitable. because I still think this is an investment

aditasetia123

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bitcoin holder should be proud with their investment, there are only 21 million coins and never printed again. this assets was be very rare when completely minted and no more left. in next several years bitcoin maybe will be most expensive assets ever, so selling it now to early. if we use this investment with free money ,our mental or psychology should be fine when we see its move with high volatility.

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Quote from: blockman on June 12, 2021, 05:57:06 PM

Quote from: Jocuserious on June 12, 2021, 05:05:16 PM

Here is my advice don't sell for lower price at least if you had bought higher price. Although if do you have bought btc in cheap price under $20k then welcome to sell and take your profits now. Actually btc ATH good move everyday so if you can take long time holding then you will receive good profits. Even you should analysis first then we will find a best decision. Otherwise if you would like important our decision then you can't make profits from crypto market.

That mistake of selling at a lower price had been done by too many panic sellers. They have been taken for granted because they rely on their emotion. They've thought that it's not going to last anymore and the favor is not with them. If they don't have to sell, they can hold until they can because that's the only thing that they have to do. You don't sell at loss and if you're at loss and you can see it with the value of bitcoin that you're holding, you only have to hold.

Those who panic I think are very easily controlled by emotions,
Of course it's not good because we should be able to control ourselves not to sell it,
indeed it is not easy but if we are patient and think clearly maybe we will not panic and apart from it all for me panic is a natural thing and hopefully we can learn from it

blockman

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Quote from: Jocuserious on June 12, 2021, 05:05:16 PM

Here is my advice don't sell for lower price at least if you had bought higher price. Although if do you have bought btc in cheap price under $20k then welcome to sell and take your profits now. Actually btc ATH good move everyday so if you can take long time holding then you will receive good profits. Even you should analysis first then we will find a best decision. Otherwise if you would like important our decision then you can't make profits from crypto market.

That mistake of selling at a lower price had been done by too many panic sellers. They have been taken for granted because they rely on their emotion. They've thought that it's not going to last anymore and the favor is not with them. If they don't have to sell, they can hold until they can because that's the only thing that they have to do. You don't sell at loss and if you're at loss and you can see it with the value of bitcoin that you're holding, you only have to hold.

Fivestar4everMVP

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I want to believe that by now, you've probably sold your bitcoin as bitcoin made a new all time high weeks after you created this thread, congratulations to you @op if you later sold at a price higher than that which you bought it or sorry for you loss due to impatience if you later sold at a price below that which you bought it.
Personally, If am ever going to be buying bitcoins as I currently have none, I will be 100 percent ready to keep them for long term and not for the purpose of quick short term gain, bitcoin has proven to us many times that it is an asset very good for long term investment, any short term profit gotten from bitcoin is just a little amount compared to what one can make holding bitcoin for long.

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Quote from: Jocuserious on June 12, 2021, 05:05:16 PM

Here is my advice don't sell for lower price at least if you had bought higher price. Although if do you have bought btc in cheap price under $20k then welcome to sell and take your profits now. Actually btc ATH good move everyday so if you can take long time holding then you will receive good profits. Even you should analysis first then we will find a best decision. Otherwise if you would like important our decision then you can't make profits from crypto market.

^ This is definitely the right answer and always keep in mind that selling under the price where did you purchase your BTC was blindly accepted the loss you have or you are already a loser in that way. If you feel that you have earned 20-50% profit, just cut it off, don't too much greedy because sometimes the more we wanted to profit the more opportunities will stay away. During the deep price in the market just keep hold your coin and never get FUD among by others that result from panic selling or else, just hold at least after 4 years when there is another BTC halving that makes BTC went up the price as always the most anticipated event.

Jocuserious

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Here is my advice don't sell for lower price at least if you had bought higher price. Although if do you have bought btc in cheap price under $20k then welcome to sell and take your profits now. Actually btc ATH good move everyday so if you can take long time holding then you will receive good profits. Even you should analysis first then we will find a best decision. Otherwise if you would like important our decision then you can't make profits from crypto market.

JooBra

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If you are not in need for money don't sell BTC. Just hold it will keep growing in price. Every day we see more institutions investing in it so it will grow over the longer period of time.

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Quote from: Traderbtcc on March 10, 2021, 07:52:41 PM

Quote from: Armani123 on January 24, 2021, 10:16:26 AM

Hi Everyone, I have a dilemma since I am holding an wholesome portion of bitcoin. With all the speculation going on in the market I don't know whether to sell or hold on my bitcoin. I've been wanting for more than a week to see if bitcoin's price improves, but it is only falling more and more.

I've gone through dozens of analysts' blogs, websites, market cap sites, price prediction sites, and all the important bitcoin market sites to find the right answer. But I am still unsure.

So, can anyone please tell me if I should dump my bitcoins with some losses (selling at lesser price than the buying price), or should I hold on to it?

There is also another reason. A promising stock just opened up. So should I sell my bitcoins and but the new stock that I'm interested in?

Viketo Sumi (Armani123)

Hodling is not for the faint of heart, and whenever you are hodling there's no point changing tons of sites for market price predictions or whatever, you have to buy and hold without thinking of selling anytime soon, but as for your case it seems it's different, anyway the choice to sell your bitcoin is totally up to you, if you feel you can't wait for the price to pump or skyrocket in the future then yeah go ahead and dump as long as you are in profit, it's your crypto do whatever you wish with it.

It really depends on the hand of the holder if you think your hands is not that strong to hold maybe you need to sell your bitcoin holding this time, specially when you purchase your bitcoin last year where bitcoin is not to high at price, i believe that theres already an earnings or profit as well, but if you think you can hold for so many years then hold for it, because i believe that the bitcoin will soon rise.

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Quote from: Armani123 on January 24, 2021, 10:16:26 AM

Hi Everyone, I have a dilemma since I am holding an wholesome portion of bitcoin. With all the speculation going on in the market I don't know whether to sell or hold on my bitcoin. I've been wanting for more than a week to see if bitcoin's price improves, but it is only falling more and more.

I've gone through dozens of analysts' blogs, websites, market cap sites, price prediction sites, and all the important bitcoin market sites to find the right answer. But I am still unsure.

So, can anyone please tell me if I should dump my bitcoins with some losses (selling at lesser price than the buying price), or should I hold on to it?

There is also another reason. A promising stock just opened up. So should I sell my bitcoins and but the new stock that I'm interested in?

Viketo Sumi (Armani123)

Hodling is not for the faint of heart, and whenever you are hodling there's no point changing tons of sites for market price predictions or whatever, you have to buy and hold without thinking of selling anytime soon, but as for your case it seems it's different, anyway the choice to sell your bitcoin is totally up to you, if you feel you can't wait for the price to pump or skyrocket in the future then yeah go ahead and dump as long as you are in profit, it's your crypto do whatever you wish with it.

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The first thing I need to know, when do you buy bitcoin? if you buy Bitcoin for 20k or 10k you have managed to have more profit than you think, because Hold is what the experts say! But if you buy at a price of more than 50k, and you want to hold for a long time, I suggest not , because the price of Bitcoin could dump again to 20k or 30k, keep playing smart, don't be careless to buy.

blockman

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Quote from: ?? on ??

Nowadays Bitcoin is growing more and more so I suggest you don't sell it untill it reaches above 60K $ or you can wait untill 70K$.

More plans of selling when it reaches $100k.

Quote from: ?? on ??

I am sure in the last of this year Bitcoin will approximately 100k$. So I can only give you suggestion. Now it's your choice, you want to sell or hold.

Sell some and hold some. That could be the best decision that one holder can think of. It's very tempting to sell but what's the purpose of your holding and at which price you'll sell some? a sell that's necessary and no regrets after being done.

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Quote from: Armani123 on January 24, 2021, 10:16:26 AM

Hi Everyone, I have a dilemma since I am holding an wholesome portion of bitcoin. With all the speculation going on in the market I don't know whether to sell or hold on my bitcoin. I've been wanting for more than a week to see if bitcoin's price improves, but it is only falling more and more.

I've gone through dozens of analysts' blogs, websites, market cap sites, price prediction sites, and all the important bitcoin market sites to find the right answer. But I am still unsure.

So, can anyone please tell me if I should dump my bitcoins with some losses (selling at lesser price than the buying price), or should I hold on to it?

There is also another reason. A promising stock just opened up. So should I sell my bitcoins and but the new stock that I'm interested in?

Viketo Sumi (Armani123)

The question has been posed for quite some time, but I hope you have made a good choice to keep bitcoins in check for a long bull run and not throw your computational effort into the hole while selling them. In fact, many speculations are true given the strong support of bitcoin from the participating financial institutions. It is the vision and adoption of innovation that has caused the price of bitcoin to go beyond the form of payment. Bitcoin has become the most valuable tangible asset. In your situation, in my opinion it's just a hold or cut loss. But always prevail in this trend. If you see that bitcoin plummeted to $ 44k by the end of February but the effect is still strong after the correction, then the value is already close to hitting the ATH level earlier.

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