Should I sell or hold on my bitcoin? - page 18.

South Park

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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)

Your biggest problem is that seemingly you just bought your coins because of the fear or missing out and now you are in a bad situation, you need to learn from this experience and never make a trade unless you have a well defined strategy about what to do in every single circumstance that you may find yourself to be in, you do not know what to do because you never considered the scenario of bitcoin just not moving upwards anymore, if you can breakeven then sell and begin to learn more about the markets and create a strategy, otherwise this is going to keep happening to you.

seramania

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it's like you have a treasure. If you knew your assets would double in the next year, would you sell your assets or would you hold onto a bigger profit later?
make wise steps before you are on the wrong next step. so hold the best choice, but do not rule out sell as needed

Fatunad

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Quote from: ScamViruS on January 29, 2021, 02:56:22 PM

Quote from: Hobo66 on January 28, 2021, 12:34:43 PM

Markets show that price will stable b/w 3000$ to 35000$. So one should not deprived if bitcoin price down and wait for price to raise to 40k. I believe that bitcoin will make a High Ath in two month. Ao hold and wait for profit.

Every trader tries to set their target in advance. Later that target may change for various reasons as the market moves forward. We all know how far Bitcoin can go in the long run, but traders try to get an idea in advance about short-term market price changes by doing market analysis.

In order to make a profit by trading at the right time, they can increase the amount of bitcoin they hold.

Doesnt matter neither you do chose for going on long term or short terms as long you do make profits and that what matter most.When it comes to the question
if you should sell or hold your bitcoin then this will be particularly talks on someones decisions when it comes to his treatment about his own investment that are on bitcoin.
If he do sees that it is worth to be held of for long term then he should hold but if he would like to see profits in short time basis then active trading would be the way.
We do have different insights or inputs towards our investment and profitability is what we do aim for since from the beginning.

Emitdama

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Quote from: Shasha80 on January 26, 2021, 05:44:54 PM

Depending on the original purpose of buying Bitcoin for short-term or long-term, if indeed from the beginning we bought Bitcoin for long-term investment, of course choosing HODL until the next few years according to the desired target is achieved.

You know what's the problem with it? Next year you will face the same question because no matter how high the prices went it always feel like we should wait more. So you have to make up the mind and define where you want to sell and how much profit is enough for you. Too much greed can let you down while panicking is always horrible so make up your mind for a specific price and whenever it is reached just sell it. And hey you can always buy again too so its not like its one way deal.

Quote from: Shasha80 on January 26, 2021, 05:44:54 PM

However, if you buy Bitcoin just to get a profit, I recommend selling your Bitcoin immediately if it has managed to go up. Even though the profit you get is small, it doesn't matter, because you will buy Bitcoin again and sell it again when the price goes up again. You can do that every day, because Bitcoin price is volatile.

I tried it but failed quite embarrassingly because the market was moving in one direction and I had to either buy and sell with $50 change which was not profitable or if I waited for big movement like 200-300 then it was not happening.

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Quote from: Hobo66 on January 28, 2021, 12:34:43 PM

Markets show that price will stable b/w 3000$ to 35000$. So one should not deprived if bitcoin price down and wait for price to raise to 40k. I believe that bitcoin will make a High Ath in two month. Ao hold and wait for profit.

Every trader tries to set their target in advance. Later that target may change for various reasons as the market moves forward. We all know how far Bitcoin can go in the long run, but traders try to get an idea in advance about short-term market price changes by doing market analysis.

In order to make a profit by trading at the right time, they can increase the amount of bitcoin they hold.

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Quote from: lienfaye on January 29, 2021, 03:21:08 AM

You know its not wrong to follow the predictions of other "experts", reading blogs or monitoring the marketcap because we can gain idea from it to know the best decision to commit for our investment.

However we are the only one who can say if this is the perfect time to sell because we already see a profit. To answer your question, I wont sell my bitcoin at lesser price because it means I failed despite of my knowledge on crypto. I'd rather wait and hold, then forget that I invested in bitcoin and come back if the price is already acceptable to sell so I can take profit.

Those so called "experts" have zero power over bitcoin as well, that is the point, if you have no influence at all then how could you even be an expert. Elon Musk wrote bitcoin on his bio and suddenly we are over 35k already, that should be enough to tell you how a person with real influence can change the market.

I can say bitcoin will go down as much as I want but as long as I can't convince people, who am I to call myself expert, all those so called experts are similar to me, they do not have any power over bitcoin more than me, which means they make up some numbers and predictions but fail to deliver because they are not really involved as much as they think they are involved. In order for someone to be expert, they need to be capable of convincing enough people to listen to them, I would say Elon is a better bitcoin expert than all the ones calling themselves experts.

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On the off chance that the cost will be low that time purchases and hold the bitcoin. At that point sit tight at the cost increment that time you sell or trade any coins. So check the market cost regular. I would prompt against selling, particularly now, since you'll have the option to sell at a greater cost soon enough. I wouldn't circumvent understanding expectations on the off chance that I were you, anybody can post anything.

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

...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?...

This is an eternal problem for the trader and investor, to correctly determine where to sell the coin and where to buy it) You have to learn how to make such decisions on your own, because you are risking your wallet. And if yesterday the short was relevant, today in one hour the market situation has changed to the opposite, when the price of BTC increased in price by $5000.

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Quote from: blue_nexus15 on January 28, 2021, 01:41:53 AM

In my opinion, the market is not in a bad mood as bitcoin is still good at $ 30,000. Compared to the previous sessions, with a negative fluctuation range, although there are no noticeable fluctuations, the fast recovery today can create a good psychological momentum for the next correction phase. Keeping it if bitcoin is on a defensive threshold is in favor of $ 30,000. Bitcoin capitalization remains in equilibrium trend, which is well maintained. It would be perfect when bitcoin surpasses 40k in the next four days.

And Bitcoin is up again, a few thousand dollars in an hour or less! Bitcoin price moving surprised me many times in the last month or two...lucky I never cut loses with Bitcoin, I just leave them for the next price and rise, and that always happen, sooner or later!
As I said before, crazy times, and even thou many expect drop, we can see Bitcoin surpassing $40k, what more maybe we will stay there... questions that bothers me last days are: 1. Will we see $20k again?! What about +$10k?

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

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?

You know its not wrong to follow the predictions of other "experts", reading blogs or monitoring the marketcap because we can gain idea from it to know the best decision to commit for our investment.

However we are the only one who can say if this is the perfect time to sell because we already see a profit. To answer your question, I wont sell my bitcoin at lesser price because it means I failed despite of my knowledge on crypto. I'd rather wait and hold, then forget that I invested in bitcoin and come back if the price is already acceptable to sell so I can take profit.

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Quote from: Obito on January 28, 2021, 04:08:10 AM

Quote from: blue_nexus15 on January 28, 2021, 01:41:53 AM

In my opinion, the market is not in a bad mood as bitcoin is still good at $ 30,000. Compared to the previous sessions, with a negative fluctuation range, although there are no noticeable fluctuations, the fast recovery today can create a good psychological momentum for the next correction phase. Keeping it if bitcoin is on a defensive threshold is in favor of $ 30,000. Bitcoin capitalization remains in equilibrium trend, which is well maintained. It would be perfect when bitcoin surpasses 40k in the next four days.

That is what I am waiting for, maybe if bitcoin prices stabilize at around 35k for a week, I think selling it would be a good idea but many have regrets selling their coin because the moment that they sell it then the next day the prices suddenly skyrocketed. With the current prices, surpassing 40k is a pipe dream for the market, there seems to be a resistance that is preventing it and this one is stronger from back in the 20k price point.

Even if you wait longer than right after you selling it, you will regret it in the future when it becomes bigger. For example, the people who sold at 20k on 2017 peak would have been happy that they sold at the top, but if they didn't get back in later, and never bought any bitcoin ever again, they have missed 41k, that is a bit over double what they sold for, so basically they have missed on a 2x chance if they didn't get back in bitcoin.

We are talking about 3 year high being 2x missed opportunity, so it is always a regret to sell. Only time you should sell your coins is when you know what you want to do with the amount of money you have, if you sell it and use it for something smart, like repaying all of your mortgage type of stuff or student loans americans have, those are smart things but if it is not like that, you are going to be upset in the future for sure.

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Quote from: Hobo66 on January 28, 2021, 12:34:43 PM

Markets show that price will stable b/w 3000$ to 35000$. So one should not deprived if bitcoin price down and wait for price to raise to 40k. I believe that bitcoin will make a High Ath in two month. Ao hold and wait for profit.

don't be greedy, if you have bought bitcoin when the price is below $ 20k you have got so much profit from your investment, if you are greedy, then the profit you have will certainly be lost, don't let the situation in 2017-2018 repeat itself to us, indeed bitcoin hype still bullish but the dominance of bitcoin is decreasing, this makes it difficult for Bitcoin to go up again, if your target is $ 40k you should have reached it.

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Quote from: Cling18 on January 28, 2021, 11:24:58 AM

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)

That's actually one of the common questions that we all have especially when we're all in the midst of being undecided where all we could do is just rely on other's opinions. As for me, things will depend on your objective. If you invested to gain a profit even just for a short period of time then it's already good to sell but if you have invested for a long-term hold then risking would be the bravest thing that you can do. Upon investing, you should know what your goal is so you won't have to rely on the decision of others.

Some people watch their portfolio grow over time when btc price climb and these people still watching when btc price again goes down. In 2017 many people didn't book profits when btc hit 20k and they want more. These same people sell their BTC under 10k when they lose faith by seeing a downtrend. BTC market is very volatile so it will be wise to book some profits when you still can.

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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 think it also depends on what the money means to him. If he needs the money badly and cannot afford to face loss then I would strongly advice to sell before it drops and you feel depressed. If you can hold on for an year or two then one might be cashing their coins @500k and I am not even joking given the hike we saw this year.

Quote from: josgandosbro on January 24, 2021, 11:07:01 AM

Bitcoin price is any time to up and down. So wait for the bitcoin price then sell the bitcoin. If the price will be low that time buys and hold the bitcoin. Then wait for the price increase that time you sell or exchange any coins. So check the market price evevrydays. Then you get some ideas. Don't sell the bitoin wait and hold the long time.

Yes, maybe put a stop loss or sell order at a lower price in case the market crumbles overnight and you are unable to keep up with the drop. It is a serious problem for all investors when to sell and buy but people who have hold are more happy today and this means something Wink

.

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Markets show that price will stable b/w 3000$ to 35000$. So one should not deprived if bitcoin price down and wait for price to raise to 40k. I believe that bitcoin will make a High Ath in two month. Ao hold and wait for profit.

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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)

That's actually one of the common questions that we all have especially when we're all in the midst of being undecided where all we could do is just rely on other's opinions. As for me, things will depend on your objective. If you invested to gain a profit even just for a short period of time then it's already good to sell but if you have invested for a long-term hold then risking would be the bravest thing that you can do. Upon investing, you should know what your goal is so you won't have to rely on the decision of others.

lixer

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Forum users can share their opinions but being perfectly honest with you, no one knows how the future will unfold. I think that the demand is only going to increase with time while the supply is limited so speaking on that ground I think the price should only rise from here on but then there are sudden and sharp falls too which are unexplained because the supply is never going to suddenly increase so why the prices dropped.

If I was in your place, I would liquidate a little amount when price touched around 40k and then wait for the drop to happen as it did happen and then buy again at 32k. I know it sounds easy in hindsight because when 40k was touched, there were news about reaching 100k too and hard to sell during bull run.

jostorres

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Quote from: sheenshane on January 26, 2021, 07:48:45 PM

Quote from: Hypnosis00 on January 26, 2021, 07:40:13 PM

Our goal is to earn more, become profitable. Selling at a good price, holding waiting for a better price.

That's a perfect mindset upon having Bitcoin, we are here to gain more upon investing in Bitcoin not just losing profit. Just wait a perfect time and sell at a good price. This is the reason why we always say, invest of what you can afford because in investing in crypto there's no time frame when you will get profit on it. You will not earn in just a couple of days hoping that your profit was there, long term investment is far better than short term investment.

So the OP question is, should I sell my bitcoin?
One straight question, is your profit was there? If so, then that is the right time to sell but if you can wait for more for I said the perfect time much better.

That is on trading, but the reality is that bitcoin was created so that we could also have something that would be profitable to use it and not just hold it. Bitcoin is not only an asset but also a currency and you have to remember that. Which means the more bitcoins you trade, the more you are missing out on profiting by using it, plus you could always earn it by working for it as well which would be both a great investment but also great way of using it as well.

I get that we are in the trading section and everyone wants to talk about selling or holding right now but I am just here for reminding people the third option : using it. If you end up using it, that means there will be more people with bitcoin in the world and that will increase the price and all of us can profit from that. However if I had to pick selling or hodling, I would definitely hodl.

Issa56

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This is just simple if you think you are satisfy with your current profit and you are not sure about bitcoin movement you can definitely sell it or if you think Bitcoin might dump u can sell it, currently have been being different predictions about bitcoin to touch $50k but seriously I won't advise you to follow any prediction but since you are contemplating to sell or hold why don't you sell off 50% of the bitcoin you holding and you can leave the remaining 50% and see what will happen is just a suggestion you can also look into it before taking any step.

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Sorry to hear that you are in reds right now.
But many of the great crypto traders have predicted that BTC will touch 50k USD soon. So if you can save upto that time , then it will be better.
But if you want to sell them instantly as you might need to urgent cash, then do it.
Or else if you want to invest at other coins and seeing better opportunity then go for selling.
Else if you listen to me then just hold the coin for another one month.
I am sure you will get at least little profit.

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