Should I sell or hold on my bitcoin? - page 9.

qwertyup23

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Quote from: mlawson71 on July 16, 2021, 10:18:58 AM

I think if one is going to sell it's prudent to do so when the price is at a peak, not like it is now - at a bottom.

This is the general rule that it is easier said than done.

Like in stocks, there are certain indicators that will help you arrive at a decision whether to sell/purchase more BTCs in the process. But before you arrive at a decision, always be definite. Only purchase BTCs that you are willing to lose in the process. You can also sell 60% of your BTCs the moment you arrive at profit and keep the remaining 40% for long-term investment.

mlawson71

newbie

Activity: 19

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I think if one is going to sell it's prudent to do so when the price is at a peak, not like it is now - at a bottom.

Paradise25

newbie

Activity: 7

Merit: 4

Keep holding your BTC. BTC will surge higher again soon.
Watch the video below and learn how to trade the dip. This video will be helpful.
https://youtu.be/_Y9qnsV3Mms

imstillthebest

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Activity: 1638

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i know there is a term when a person get attracted to new things and that is what your feeling right now but later on you will regret and say that you shouldnt sell your btc to buy it.
that was new and its reputation is nothing when compare to btc .
you read different sources of btc and you still dont know what to do? how come when all of them supposed to suggest you to hodl in tough times.

Sayeds56

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Eloncoin.org - Mars, here we come!

Quote from: kapalmabur on July 12, 2021, 10:11:09 AM

Quote from: ?? on ??

My honest opinion is that Bitcoin still hasn't got to its purest form and price therefore wherever you buy, hold or sell, Bitcoin is going to move up in the future. There is still a lot of integrations and usage implementations are going on, like El Salvador is implementing BTC as a means of currency so with time the price will go up.

At this time it seems you can say the price of bitcoin is experiencing a correction,
so indeed we can see currently the price of bitcoin is falling and the price of other coins is the same,
With this I don't think there's a better choice than to hold on

True. The Bitcoin is range bound and has passed through massive correction since many weeks and no one knows how long it will continue before it bounces back. Having said, I would still suggest to hold it because it is precious digital asset and it will certainly come out of this bearish cycle and make new ATH. It happened many times in the past and will continue happening in future, as well

Handpari

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The World's Leading Cryptocurrency CFD Exchange

Only you can decide if it is worth holding. No one here knows the future. Believers will tell you to hold. Unbelievers will tell you otherwise.
Research about the project and its development team. Assess the potencial of their technology.
Get as much information as you can and make your own decision.

kapalmabur

sr. member

Activity: 2002

Merit: 250

Quote from: ?? on ??

My honest opinion is that Bitcoin still hasn't got to its purest form and price therefore wherever you buy, hold or sell, Bitcoin is going to move up in the future. There is still a lot of integrations and usage implementations are going on, like El Salvador is implementing BTC as a means of currency so with time the price will go up.

At this time it seems you can say the price of bitcoin is experiencing a correction,
so indeed we can see currently the price of bitcoin is falling and the price of other coins is the same,
With this I don't think there's a better choice than to hold on

Peanutswar

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It depends on you until when you can hold your coins some people will say hold your bitcoin until another all-time high some says sell your bitcoin because it's already on the top and if you want to get a profit to sell it immediately. Holding bitcoin gives you different emotions and thoughts if you want to sell or not. As long as your mental and physical can handle the different instances that will come on the market. No matter what they say at the end of the day the decision is yours if you want to sell or not.

Pamadar

legendary

Activity: 2982

Merit: 1028

Quote from: ?? on ??

My honest opinion is that Bitcoin still hasn't got to its purest form and price therefore wherever you buy, hold or sell, Bitcoin is going to move up in the future. There is still a lot of integrations and usage implementations are going on, like El Salvador is implementing BTC as a means of currency so with time the price will go up.

In the bright side of perceptions Bitcoin still have lots of room to grow.

The value this year jumped high to its new ATH and then fall back giving opportunities to those newcomers who also wanted to invest around. Keep your money where your knowledge is residing, knowing the types of your investment and make sure to continue following the development.

XUNing

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Activity: 73

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You can choose whether to continue to hold Bitcoin according to your needs.
If you need money urgently, you can sell a small amount of Bitcoin first when the price is right. If you have enough funds, you can continue to hold Bitcoin. Don't be afraid of falling Bitcoin prices, this is a normal fluctuation of market conditions. With the increase in recognition and demand for Bitcoin, long-term holding of Bitcoin will result in a certain profit.

LimLims

sr. member

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1xbit.com

Quote from: kram31 on July 10, 2021, 10:50:32 AM

If you really that money for a very valid reason you should go for it dude.
Who knows that you need it for emergency purpose, but if not. And you think that you can still
find a way to resolve the problem I think better to hold it still. Hope you get what I'm trying
to emphasize here.

Yes that’s what the OP needs to understand.
I have already said and still claiming if you can manage your expenses then don’t sell.
But yes if the OP is in some sort of emergency and need immediate funds and no option to sell, then just sell it.
Else if you can risk a bit more, you can lend some money by keeping those coins as collateral which can be used later on.
But at last the decision always depends on the OP.
Hope OP we community helped you a bit.

boyptc

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Quote from: dotcoin.info on July 10, 2021, 05:13:38 PM

It all depends on your plans for your bitcoins. If you believe in bitcoin and believe that its price will continue to rise in the future, then I see no reason for you to sell it now.

No need to sell if the actual plan is to hold for a long time.

Where are the moon boys at? aren't we forgetting those lambos and moons? I haven't seen them lately and it's already probably forgotten that it's the actual reason why we're holding bitcoin.

Sell if you have a reason to sell but if not, don't sell.

Rajamuda

sr. member

Activity: 924

Merit: 255

Don't have to hesitate, try to convince yourself and be more confident in holding on, because everything is not over yet, opportunities are wide open, it's just that you have to have a sense of patience with strong optimism. Try to get rid of worries, make the investment not just one or 2 weeks, make it a long term that doesn't need to think about the short term and be affected by the declines price movements in the near term.

dotcoin.info

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It all depends on your plans for your bitcoins. If you believe in bitcoin and believe that its price will continue to rise in the future, then I see no reason for you to sell it now.
Are you a trader? If not, then there is no need to worry even if the price of bitcoin drops in the next few years, it is important whether you believe in the global growth of bitcoin in the future.

LUCKMCFLY

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Leading Crypto Sports Betting & Casino Platform

At this time when there is so much uncertainty, I do not recommend selling BTC at all, the last movements have been oscillating by lops $ 32k to $ 34k, although it quickly tested the levels of $ 34k this means that the BTC bulls are about to eliminate the offer in Those price levels, if they achieve it we can see a safe growth up to $ 40k, I think that the plan of the bulls is to bring BTC to the levels of $ 60k without any type of risk, that is, if it rises to $ 60k no make it easy for the bears to lower it to $ 30k or less, this will take some time, because investor movements usually take a considerable time.

Sirait

full member

Activity: 1890

Merit: 101

Quote from: wahyu wida on July 09, 2021, 11:13:21 PM

for now I think it's better to keep it. unless you sell it when the price peaked yesterday, maybe we will get the maximum profit, and now is the right time to buy back. but if we didn't take profit yesterday and still hold it today, then the best option is to hold it until the bullish trend occurs

bullish trend will definitely happen again so hold is the wisest choice right now. I'm sure there are many who sell their Bitcoins when the price hits the lowest price in the last 2 months. if you are not a trader, selling too often is bad behavior, just be a holder in the sideway market.

kram31

full member

Activity: 791

Merit: 139

If you really that money for a very valid reason you should go for it dude.
Who knows that you need it for emergency purpose, but if not. And you think that you can still
find a way to resolve the problem I think better to hold it still. Hope you get what I'm trying
to emphasize here.

lightning0

jr. member

Activity: 71

Merit: 5

If you don't have your own investment philosophy and principles, no one can help you.
Your current problem is also something I have experienced. This feeling is very uncomfortable and I am very eager for others to help you make decisions. Investment will be risky, and good asset allocation will not have this anxiety.
Bitcoin is undoubtedly the most correct choice that needs to be maintained for a long time.

Caldear

member

Activity: 114

Merit: 10

The short-term price of Bitcoin fluctuates too much, and it is easily influenced by emotions to chase up and down. Bitcoin is suitable for long-term holding and can increase its value to protect against risks.
For most people, it is possible to invest in Bitcoin several times in a small amount according to market conditions to diversify the risks caused by currency price fluctuations and avoid selling at low prices.

Kittygalore

member

Activity: 868

Merit: 63

Quote from: wahyu wida on July 09, 2021, 11:13:21 PM

for now I think it's better to keep it. unless you sell it when the price peaked yesterday, maybe we will get the maximum profit, and now is the right time to buy back. but if we didn't take profit yesterday and still hold it today, then the best option is to hold it until the bullish trend occurs

That depends I mean what if OP suddenly needs a money for an emergency and the prices are down real bad, would hodling still be the best option? I think that it still depends on what they are going to do and what situation they are in and if OP has extra money to spend on emergency then hodling is the best option.

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