Should we keep bitcoin or not? | Bitcointalksearch.org

shane_gr

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Quote from: Casdinyard on December 06, 2020, 01:33:05 PM

Depends on your "tolerance" as an investor or your market analysis, to what action should be done. It'll be nonsense to ask other people what to do because it is you who will decide whether to hold or not, bottomline is lack of certainty on how will this market behave the other day. Perhaps I'd encourage you to hold, but the market price suddenly fell and did not manage to recover within this year;regret is more likely to be acquired. Or to put it on the other way wherein I ask you to sell, but the market price continue increasing. I hope you get what we are pointing which is to decide for your own investment not to watch you regret but for you to learn.

Ultimately, the one who has to make the decision is the investor himself. In this case, we have to act without hasty decisions, and then we have to watch the market and make decisions by falling or increasing daily prices.

shane_gr

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Quote from: militiariko on December 06, 2020, 12:59:31 PM

Selling bitcoin or hodling bitcoin is supposed to be a personal decision; why do i say this ? SOME bitcoin hodlers have been hodling since bitcoin were 3000$; so definitely they can take profits any time at the moment; but for bitcoin hodlers who bought bitcoin when it was $19000, how do you convince them to sell? how many profits are available for taking ? This are instances you put into consideration.

I advise that you take into consideration your present situaition(when you bought bitcoin); are you in profit?
Answer this claims and take your decisions.
Always do your own research

I think it is wise to keep bitcoins for a long time, but we can buy and sell with 20% of our capital and sell in high ranges and buy at low prices, and thus increase the amount of bitcoins we have. Increase.

shane_gr

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Quote from: Yaunfitda on December 06, 2020, 04:49:22 PM

But during a bull run, trying to squeeze and do day trading will get you REKT.

So it's really base on personal preference, you can sell what you think as the top, but then again, if the prices goes up again, then you will at least lost some profits there very quick. So we need to adjust and re adapt in a very volatile market situation. As it could really spell profit or a big loss and regret in the end.

I will always make a profit by buying a step.
I will start selling a step when it falls and I will buy a step when the price rises, and this will prevent a lot of losses.

cytpoway121

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I think keeping bitcoin or continue to hodling bitcoin will all depend on the perspective of each trader, investor or hodler. This is because, as traders; we all have different entries and all got bitcoin at different prices. If it were me; i have taken profits already and hodling on my capital for now. I advice that you do your own research and choose the best decision for you.

acener

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For me I would continue to hold it unless I really need a cash.
I think that it would continue to grow in the future the price increase that we experience could be because of the company that accepts it and the good news about BTC,
People are buying BTC because of it and they are getting new investors.

shane_gr

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Quote from: jackg on December 06, 2020, 10:05:54 AM

Yeah the hourly chart looks to have formed some sort of triangle (symmetric probably) over the month. We might see a breakout in either direction soon but a break below 18000 or 19600 is the confirmation of the direction we're going in that we're looking for. Although waiting for a cross of 20-21k could be a safer bet...

(but the market can always be volatile and randomely pick the opposite direction once it's broken out so)...

We are now seeing that the 19,000 resistance has broken and we have entered the 21,000 price range,
and this has only happened in a few weeks, and this shows that Bitcoin is still hoping for higher prices.

Quote from: BrewMaster on December 06, 2020, 10:12:53 AM

i disagree. during bull runs going down a little has never meant more drops ever, not just in bitcoin but in any market. and it is not going to start now either.
there is good chance to go to $18k range but the only thing that can be followed by is coming back to $19k based on the current information we have.

Quote from: shane_gr on December 06, 2020, 09:25:28 AM

Because trading in the peaks is very risky, so I am waiting for it to be established and I will enter later.

you are making a good move waiting for more clarity to make your next move but calling this "peak" is a mistake because this is the bottom of the accumulation before the breakout.
very similar to $3800 earlier this year.

I have made a purchase now that the price is in the range of 21,000 and I know that I can see a higher price in the future, so at this time I can increase my profit by buying a step, and I will do the same in the event of a fall. .

[moderator's note: consecutive posts merged]

Erdogan

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Quote from: ?? on ??

it all depends on you, keep it or not,
because the future will be an advancement of technology, so invest now! future! Wish you long life.

Exactly! Even if I myself believe that Bitcoin will be worth $1M, I do not persuade anyone to invest in it or hold it. Everyone has their own choice and should make decisions for themselves. This is also one of the principles of decentralization.

hahay

legendary

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Agree, trading at the high resistance line will be very risky but if the price has exceeded 20k even though it is unstable I don't think it is a problem to stay but yes, all decisions go back to the individual. This is a moment where the price will continue to be pushed upwards but the decline will still be inevitable and with that, I think the most important thing is to be patient because the price still has a chance to go higher. I don't know if this market collapse will be the last correction to finally break through ATH, or maybe this is a fall that will be very painful, be careful.

lixer

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Just because bitcoin price skyrocketed doesn't mean that you should buy more from it, there are people who should buy from lower prices but fails to do that and see the price go up %200 and decide to buy it at that point, which is wrong and you shouldn't do that at all.

However there is a big difference between buying and holding, if you want to hold as much bitcoin as you can that would work, at least that way you are going to end up making a profit and at worst if the price goes down you could potentially still make profit by buying from lower end. Do not buy right now, if you have any then hold them but do not buy from these prices, it just doesn't make sense to risk it as of right now. Maybe try to look for altcoins that could make a bigger profit and quicker.

sana54210

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No matter how much bitcoin falls, I will always hold it, because it always goes back up. However when it is high like this, sometimes I do have the urge to sell and wait for it to drop as well. I have been holding into my bitcoin for a very long time and I keep adding more bitcoins on it as well, I just do not really cash out on it, and that makes it feel like I am not making any profit at all since I do not cash out.

So I do not know what to do, should I sometimes cash out my profits and do something with it to make myself feel better? Did anyone made a lot of profit from bitcoin and then bought something with it and did it feel any better? Because I just can't stop to feeling I would probably feel better with it if I spent my profits but I also fear missing out on future profits.

Inkdatar

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Quote from: Untomabur on December 09, 2020, 01:37:52 PM

Bitcoin is currently correcting below $ 19k, and still holding strong support,
if it holds, then we will see another recovery, otherwise it's better to sell and buy again when prices are low.

This is also a good moves buying at low price since there a chance it will go deeper below $18k, we don't know yet once it breaks the support. Actually we do have our own preferences when it comes to our holding of assets. The most important thing when price reaches our goal is to take profit otherwise we will have to wait again to reach it above $19k or at least close $20k. So we have to decide we might sell some and hold some of btc and take the chance of volatile market.

michellee

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Quote from: arwin100 on December 09, 2020, 02:00:47 AM

The matter there to achieve that is don't buy when there's a hype since instead of you gain something the result be negative since you possibly bought your bitcoins at the peak at that moment. The more vigilant we are in the movement of bitcoins the more chances for us to multiply it so better teach our self first not to be greedy and learn how to do a day trades since for this we can earn a decent volume and the market is perfectly fit for it right now.

That is, we need to analyze before we do something. To prevent the greed that will always come is by controlling ourselves, so we don't feel overconfident about what we got before. When we can have self-control over ourselves, we will know when to make a profit and when we need to leave the market to know when we should hold bitcoin and when we need to sell bitcoin. We don't have to follow other people who feel they can make a big profit in the short or long term because maybe they have high skills to make them have that chance.

hulla

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Quote from: ?? on ??

it all depends on you, keep it or not,
because the future will be an advancement of technology, so invest now! future! Wish you long life.

There's no doubt that the future of cryptocurrency will be an improvement but one of the etiquettes of trading cryptocurrency successfully is never to invest at the peak which is what the OP used and this moment it better to save capital even if you're a day or arbitrage traders. Although, the price is still fair but invests now without good knowledge is not advisable.

Zemomtum

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You can only hold for a long time basis but if you are a day trader, you should have a watch on $17500, if that should break, we can have a retest of 14k - 14.5k region.

Untomabur

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Bitcoin is currently correcting below $ 19k, and still holding strong support,
if it holds, then we will see another recovery, otherwise it's better to sell and buy again when prices are low.

Kong Hey Pakboy

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Quote from: tbterryboy on December 09, 2020, 08:36:17 AM

I understand selling at the top before it goes down as a great valid trading idea, I would suggest the same to people as well. However do not forget about the fact that if you sell right now, and not buy it lower, you are going to miss out on the future profits.

So, you have one option for profiting, either sell at top, buy back lower, and sell again at bigger top and continue to do this and hope that you are not wrong because if you are wrong you will lose money OR you could potentially try to just keep your money and in the end you will make a profit from it anyway, it will be smaller profit but it would be less risky profit as well. I am one of those people who make a profit from waiting, that is a lot simpler to make a profit than keep trying to find tops and bottoms.

Indeed. I think many people have already sold their bitcoins when it's the price was above $19,000 last week. They are now just waiting for the opportunity to buy back when bitcoin's price decreases again because it might be enough for them to gain profit during the bull season. Having this kind of patience in waiting for bitcoin's price to reach its peak in the long term is not an easy task, especially if your anxiety emotionally attacks you, so it would be difficult for you to decide when to sell bitcoin is unpredictable.

tbterryboy

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I understand selling at the top before it goes down as a great valid trading idea, I would suggest the same to people as well. However do not forget about the fact that if you sell right now, and not buy it lower, you are going to miss out on the future profits.

So, you have one option for profiting, either sell at top, buy back lower, and sell again at bigger top and continue to do this and hope that you are not wrong because if you are wrong you will lose money OR you could potentially try to just keep your money and in the end you will make a profit from it anyway, it will be smaller profit but it would be less risky profit as well. I am one of those people who make a profit from waiting, that is a lot simpler to make a profit than keep trying to find tops and bottoms.

Xinarae*

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Bitcoin always fluctuates It is up to the individual to invest in Bitcoin. We can make a lot of profit if the price of Bitcoin goes up. Therefore, there will be a tendency to buy at a lower price and sell at a higher price. Even if the price goes down, don't be disappointed and wait. The demand for Bitcoin currency for investing in the crypto market is very high so it will not take long to reach the highest price. The best time to hold Bitcoin is to wait until the price is high, even if you don't invest in that currency.

arwin100

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Quote from: michellee on December 09, 2020, 01:31:12 AM

Quote from: Lorence.xD on December 08, 2020, 10:56:53 PM

Quote from: michellee on December 08, 2020, 01:16:32 AM

Bitcoin price will be down, but it will go up again. That will always like that. If you can use the time to buy low and sell high, you don't have to worry if you will lose your bitcoin because you can profit every time the price increases. You may need to hold some bitcoin and don't sell it if the price does not reach the next highest price or new ATH. I hope you don't have to worry because the price will be back to $19,700 soon, and right now, maybe you need to buy more bitcoin while the price does not increase yet.

That is a nice advice to live by when hodling bitcoin. I do not have a lot currently but my plan was to sell at ATH, although it won't be much hopefully I can start from there and eventually grow my bitcoin.

I am sure that is what people will do with their bitcoin, especially if they can have the opportunity to sell bitcoin at a new ATH. I am sure you can make a big profit from bitcoin in the next ATH, and if you can make more and more bitcoin, your chance to make more profit will become bigger. If you plan to buy more bitcoin, make sure you can split your funds into 3 parts order buy at the low, lower, and lowest price.

The matter there to achieve that is don't buy when there's a hype since instead of you gain something the result be negative since you possibly bought your bitcoins at the peak at that moment. The more vigilant we are in the movement of bitcoins the more chances for us to multiply it so better teach our self first not to be greedy and learn how to do a day trades since for this we can earn a decent volume and the market is perfectly fit for it right now.

michellee

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Quote from: Lorence.xD on December 08, 2020, 10:56:53 PM

Quote from: michellee on December 08, 2020, 01:16:32 AM

Bitcoin price will be down, but it will go up again. That will always like that. If you can use the time to buy low and sell high, you don't have to worry if you will lose your bitcoin because you can profit every time the price increases. You may need to hold some bitcoin and don't sell it if the price does not reach the next highest price or new ATH. I hope you don't have to worry because the price will be back to $19,700 soon, and right now, maybe you need to buy more bitcoin while the price does not increase yet.

That is a nice advice to live by when hodling bitcoin. I do not have a lot currently but my plan was to sell at ATH, although it won't be much hopefully I can start from there and eventually grow my bitcoin.

I am sure that is what people will do with their bitcoin, especially if they can have the opportunity to sell bitcoin at a new ATH. I am sure you can make a big profit from bitcoin in the next ATH, and if you can make more and more bitcoin, your chance to make more profit will become bigger. If you plan to buy more bitcoin, make sure you can split your funds into 3 parts order buy at the low, lower, and lowest price.

Topic: Should we keep bitcoin or not? (Read 680 times)