Should I sell or hold on my bitcoin? - page 15.

FlightyPouch

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Quote from: Kelvinid on February 17, 2021, 11:11:09 AM

Quote from: FlightyPouch on February 17, 2021, 09:49:22 AM

Quote from: Sayeds56 on February 14, 2021, 08:41:37 PM

Quote from: FlightyPouch on February 14, 2021, 07:50:52 PM

snipped~

True. It is not right time to sell BTC unless you need cash badly and there is nothing else to sell out. Technical charts are Bullish and if it breaks out from here then, according to Fibonacci Table next likely level is 50 to 51K and even it can hit 54 before we see any correction.

I am not worried about that correction though. For sure a lot of investors are waiting for that to happen so that they would be able to buy or reinvest. You never know when will the price dumps like that and since we are all talking about $100K now, for sure, they are all waiting for that window, for that chance to reinvest.

I think more and more companies/corporations would invest and follow Tesla so it is the best time to hold your bitcoin.

Most, I mean, those who sell their Bitcoin earlier will do asking for the Bullrun to stop and reinvest again. It is kinda ridiculous but that is the reality now.

It is not guaranteed for the market to reach $100k but it close to the possibility that it has a huge correction someday. Those people wanting to get back in crypto for a cheaper price will have to keep an eye on the market coz that's still unpredictable. But, they should have to wait quite long as the current momentum still never changes.

If that huge correction will happen, then I think it will happen for a short period of time. That kind of correction will be the ones that these people are hoping to happen. It is their chance to be able to reinvest or buy bitcoin since we will never know when will that kind of correction happens.

They should really keep their eyes on the market price. Bitcoin is so volatile nowadays and they might miss some huge opportunities.

fullhdpixel

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Quote from: Maslate on February 12, 2021, 09:13:58 AM

That will be depending on your preference. Some did the long-term holding while the others are relying on the market trend in which they can sell anytime if they want. I do the sell anytime as well if I already hit my target.

Also depends on what the money you have invested in bitcoins means to you because someone who is making living out of trading has no option but to sell and buy again because they cannot block their funds as investment. While those who bought bitcoins with a sole purpose of investment might want to wait for an year or so to get the best value off their investment in bitcoins.

Remember guys this time not just bitcoin but every other coin and token is jumping to their new ATH which means the demand is literally increasing and its not because of some groups or individuals manipulating the market to later dump the market and cause a carter.

redsun114

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Quote from: romero121 on February 14, 2021, 07:15:47 PM

Have a clarity. Just go for a partial selling. Even if the market pops up once again you won't experience a massive loss. You've requested for the suggestion by the month end of January. Now it is almost mid of February, till date if you haven't sold then you'd have recorded some good profit. If you're with fear then take away the profit.

Whatever might be, you have to decide according to your necessity and market prediction. Receiving suggestions is good, but the decision is all yours.

And the decision must always be our own cause it gives satisfaction even if we end up profiting less than expected.

All the articles and news about Bitcoins are solely based on how the price is moving and hardly any news covers the real value and demand/supply of the Bitcoins which is what we all should be actually discussing. Pricing of Bitcoins is just an indicator which might be false too, about how much the demand and supply is for Bitcoins right now.

Imagine someone holding 50k Bitcoins or even more can create an illusion as if the supply is less while in reality it is just him freezing some coins to create that illusion.

Sebas.tian

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Since many researchers has reviewed what will happen in this year 2021 concerning bitcoin price, that is making many people to start selling their coins hoping that the price of bitcoin will dump.it is good hold your coins because this is just the beginning of bitcoin pumping.

If bitcoin can reach $50k in the second month of 2021, show that those trader that will hold up till June will really make a good income, when the price of bitcoin will be close to $100k. This year is a year of profit making for those who will not be in hast to sell their coins now because bitcoin pumping is heading to $100k before the end of the year.

Kelvinid

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when lambo...

Quote from: FlightyPouch on February 17, 2021, 09:49:22 AM

Quote from: Sayeds56 on February 14, 2021, 08:41:37 PM

Quote from: FlightyPouch on February 14, 2021, 07:50:52 PM

snipped~

True. It is not right time to sell BTC unless you need cash badly and there is nothing else to sell out. Technical charts are Bullish and if it breaks out from here then, according to Fibonacci Table next likely level is 50 to 51K and even it can hit 54 before we see any correction.

I am not worried about that correction though. For sure a lot of investors are waiting for that to happen so that they would be able to buy or reinvest. You never know when will the price dumps like that and since we are all talking about $100K now, for sure, they are all waiting for that window, for that chance to reinvest.

I think more and more companies/corporations would invest and follow Tesla so it is the best time to hold your bitcoin.

Most, I mean, those who sell their Bitcoin earlier will do asking for the Bullrun to stop and reinvest again. It is kinda ridiculous but that is the reality now.

It is not guaranteed for the market to reach $100k but it close to the possibility that it has a huge correction someday. Those people wanting to get back in crypto for a cheaper price will have to keep an eye on the market coz that's still unpredictable. But, they should have to wait quite long as the current momentum still never changes.

FlightyPouch

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Quote from: Sayeds56 on February 14, 2021, 08:41:37 PM

Quote from: FlightyPouch on February 14, 2021, 07:50:52 PM

With the price getting better now, it is obviously good to hold your bitcoins but that doesn't mean that you can't sell either. Timing is one of the best ways for you to do both. There are times that we actually needed money and I've been there, we've all been there.

If you have nothing to do with that funds though, better keep on holding it. $50K is just around the corner. We are getting close.

True. It is not right time to sell BTC unless you need cash badly and there is nothing else to sell out. Technical charts are Bullish and if it breaks out from here then, according to Fibonacci Table next likely level is 50 to 51K and even it can hit 54 before we see any correction.

I am not worried about that correction though. For sure a lot of investors are waiting for that to happen so that they would be able to buy or reinvest. You never know when will the price dumps like that and since we are all talking about $100K now, for sure, they are all waiting for that window, for that chance to reinvest.

I think more and more companies/corporations would invest and follow Tesla so it is the best time to hold your bitcoin.

Kocret02

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Quote from: romero121 on February 14, 2021, 07:15:47 PM

Have a clarity. Just go for a partial selling. Even if the market pops up once again you won't experience a massive loss. You've requested for the suggestion by the month end of January. Now it is almost mid of February, till date if you haven't sold then you'd have recorded some good profit. If you're with fear then take away the profit.

Whatever might be, you have to decide according to your necessity and market prediction. Receiving suggestions is good, but the decision is all yours.

sometimes it is not right to make a full sale or to hold completely because we don't know what the actual market conditions are like. must be smart in utilizing the market and know our assets to get a profit. so sell or hold is really your choice but you must be careful before choosing it

Sayeds56

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Quote from: FlightyPouch on February 14, 2021, 07:50:52 PM

With the price getting better now, it is obviously good to hold your bitcoins but that doesn't mean that you can't sell either. Timing is one of the best ways for you to do both. There are times that we actually needed money and I've been there, we've all been there.

If you have nothing to do with that funds though, better keep on holding it. $50K is just around the corner. We are getting close.

True. It is not right time to sell BTC unless you need cash badly and there is nothing else to sell out. Technical charts are Bullish and if it breaks out from here then, according to Fibonacci Table next likely level is 50 to 51K and even it can hit 54 before we see any correction.

FlightyPouch

sr. member

Activity: 1638

Merit: 300

With the price getting better now, it is obviously good to hold your bitcoins but that doesn't mean that you can't sell either. Timing is one of the best ways for you to do both. There are times that we actually needed money and I've been there, we've all been there.

If you have nothing to do with that funds though, better keep on holding it. $50K is just around the corner. We are getting close.

romero121

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Have a clarity. Just go for a partial selling. Even if the market pops up once again you won't experience a massive loss. You've requested for the suggestion by the month end of January. Now it is almost mid of February, till date if you haven't sold then you'd have recorded some good profit. If you're with fear then take away the profit.

Whatever might be, you have to decide according to your necessity and market prediction. Receiving suggestions is good, but the decision is all yours.

citywise2

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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 found it missing, what was your drive in the first place for holding an wholesome portion because that should have taken care of most of your concerns raised! If you would be dancing to the rhythm of analysts and sites for what to do with your bitcoin, I think you have just missed the point.

South Park

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Quote from: ubercool on February 10, 2021, 04:34:01 AM

I feel by this time you will know what you would lose if you sell BTC in the short term. I give the same suggestion to anyone who's asking me this question.
Do you have a need for money or you just wanna sell BTC and hold cash..? If you are just going to hold the currency then better keep it in Bitcoin. The price will go up eventually regardless of what the price is right now.. So make a strong decision and just go with it.

I agree, unless you have some real need for cash at the moment it is better to keep your coins, yes I know that anyone that does it is taking a risk that the price goes down but that comes with the territory, that's why we are in this market, for the chances of seeing the value of our coins to go up and I really think that the chances right now are in our favour, so why should we get out of a position in which we have an advantage? That doesn't really make a lot of sense to me, but if some people want to sell their coins they can do whatever they want with their coins.

Maslate

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Quote from: Atek33 on February 12, 2021, 09:03:35 AM

At the present time I want to tell you that you can hold as many bitcoins as you want because Bitcoin is one of the world's most popular currencies and Bitcoin I think everyone is using it now I think the price of Bitcoin is much higher now. I think we need to wait in a very short time to be able to grow

That will be depending on your preference. Some did the long-term holding while the others are relying on the market trend in which they can sell anytime if they want. I do the sell anytime as well if I already hit my target.

I was learning from my bad experience last 2017 Bullrun, I was really in regrets not selling when it reaches almost $20k. I was still on hold because of some influence and overly thinking that it has gone too far, but unfortunately, the sudden drops give me a reason to sell at the declining trend. For this 2nd chance, I respect every up the market did and take the opportunity as well.

Atek33

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At the present time I want to tell you that you can hold as many bitcoins as you want because Bitcoin is one of the world's most popular currencies and Bitcoin I think everyone is using it now I think the price of Bitcoin is much higher now. I think we need to wait in a very short time to be able to grow

MWesterweele

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Quote from: FIFA worldcup on February 11, 2021, 03:30:18 PM

I hope that after Tesla we may see many other institutions interested in buying bitcoin and this time there is an institutional fomo rather than the retail fomo. Since the purchasing power of institutes is far more than retail investors, we may see bitcoin price rising to new heights in very small amount of time.

I do hope also that after Tesla's company decision to enter the world of cryptocurrency it may attract also some good and big company to invest in it too. But let's get back to the OP's thread, if i were you as long as you didn't need that money better to keep your bitcoin at safe either you choose to keep it in a long term investment or hodl it. I'd still looking a positive outcome for the bitcoin market. It maybe undergo some price correction but i guess this time it wouldn't dump its value like before.

Btc_1856

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Quote from: FIFA worldcup on February 11, 2021, 03:30:18 PM

Quote from: DarkDays on February 11, 2021, 01:40:09 PM

Quote from: ?? on ??

It is not a good decision to sell at this time. The price of bitcoin is growing so fast and it will be increasing such way. You should strong hold your bitcoin to earn huge profit. At least wait 2021 for a good profit from your bitcoin.

I agree. This is not the time to sell (maybe buy but not sell BTC) it seems that Tesla has set the trend for companies to join in. This is what the market today has reached yet a new ATH. Instead of selling, try to keep an eye on the market so that you catch a good 'tip of the iceburg' that way you can ensure close to maximum profit.

I hope that after Tesla we may see many other institutions interested in buying bitcoin and this time there is an institutional fomo rather than the retail fomo. Since the purchasing power of institutes is far more than retail investors, we may see bitcoin price rising to new heights in very small amount of time.

What you said is right, we are seeing some excellent opportunity for the people who bought the Bitcoin at the early stages because most of the richest men entering. Instead of selling it lower value better hold it for the long term because many Institutional investors will enter into the crypto market in the coming days.

xenophilya

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Personally I see bitcoin as a form of investment, You have host of options you can sell and use the money to do something else (As a bitcoin evangelist I strongly advise against that), you can keep your bitcoin and watch it grow more like the way you would buy amazon or tesla stock and hold till it rise then sell. Lastly you can trade with it.(If you are not an experienced trader don't try it, you bitcoin will disappear in an instant.). My advice would be to keep your bitcoin and watch as it moons hopefully by then you will become a millionaires hopefully. Cheesy

(Remember to invest what you can afford)

SirLancelot

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Quote from: tygeade on February 08, 2021, 01:11:42 PM

I have a friend who does daily trading and he buys and sells almost at any price, doesn't mean that he doesn't think bitcoin won't reach 100k, he just believes that instead of buying and waiting for it to go up, he might as well buy/sell everyday constantly and make even more money than someone who just buys and sells. Sometimes they make more money that way and sometimes they make less money that way, it doesn't really matter because they are not selling it with the hopes that price would go down.

If you do not have a plan to invest into something else or have any reason to spend that money, I think you should hold it in bitcoin, in fact you should probably build a portfolio and not just bitcoin only. I personally believe that bitcoin is great and I will not get out of crypto unless I have a better idea, but the reality is that if I could get out and find something much better to invest into, I would probably do that.

I have a business idea in my mind that I want to build, but I want to have at least 2 years of salary in my pocket, so that when I start, I will be capable of paying everything (even unexpected costs) for the business and also have 2 years of salary in my pocket to start, if I do that, after 2 years if the idea failed I would still go back to working. I won't quit before that, and I think this will take another 10 years at least.

FIFA worldcup

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Quote from: DarkDays on February 11, 2021, 01:40:09 PM

Quote from: ?? on ??

It is not a good decision to sell at this time. The price of bitcoin is growing so fast and it will be increasing such way. You should strong hold your bitcoin to earn huge profit. At least wait 2021 for a good profit from your bitcoin.

I agree. This is not the time to sell (maybe buy but not sell BTC) it seems that Tesla has set the trend for companies to join in. This is what the market today has reached yet a new ATH. Instead of selling, try to keep an eye on the market so that you catch a good 'tip of the iceburg' that way you can ensure close to maximum profit.

I hope that after Tesla we may see many other institutions interested in buying bitcoin and this time there is an institutional fomo rather than the retail fomo. Since the purchasing power of institutes is far more than retail investors, we may see bitcoin price rising to new heights in very small amount of time.

DarkDays

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Quote from: ?? on ??

It is not a good decision to sell at this time. The price of bitcoin is growing so fast and it will be increasing such way. You should strong hold your bitcoin to earn huge profit. At least wait 2021 for a good profit from your bitcoin.

I agree. This is not the time to sell (maybe buy but not sell BTC) it seems that Tesla has set the trend for companies to join in. This is what the market today has reached yet a new ATH. Instead of selling, try to keep an eye on the market so that you catch a good 'tip of the iceburg' that way you can ensure close to maximum profit.

Topic: Should I sell or hold on my bitcoin? - page 15. (Read 9093 times)