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. 
Topic: Should we keep bitcoin or not? - page 2. (Read 686 times)
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.
now is the perfect time to buy some bitcoins and store them for over $ 20k. just look at these few days bitcoin is very strong at $ 19k and hard to get down. everyone is waiting for the moment in 2021.
I would say keep bitcoin as long as you possibly can, if you can hold bitcoin so much that upon your death your children inherits your crypto, that would be even better. People do not understand why bitcoin and crypto is so important as such a great tool in finance world where there is a very tiny chance it may fail, because they all believe it will work awesomely for them for just profit for now and they do not see the down the road potential of it.
I believe in bitcoin so much that I am trying to build a whole portfolio of crypto currencies that will last me 50 years and then move to my children. You do not need to cash out your crypto if crypto gets big enough, you will be capable of spending it or earn with it and that will allow you to never work ever again in your life, I want to give that comfort to my kids or grandkids.
I believe in bitcoin so much that I am trying to build a whole portfolio of crypto currencies that will last me 50 years and then move to my children. You do not need to cash out your crypto if crypto gets big enough, you will be capable of spending it or earn with it and that will allow you to never work ever again in your life, I want to give that comfort to my kids or grandkids.
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.
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.
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.
In my opinion, in unstable conditions, the only solution that can save capital and also make a profit is to buy a step.
Quote
I have sold some bitcoins several times at peak prices and made a good profit at lower prices by buying step by step.
that's is what some trader want to explain that it is not about Pure holding because we can exit for a while specially when the market is likely falling and then buy again when the market is growing,in this we can increase our holding time after time.
I do this thing and until now I still haven't made an entry. My strategy is if bitcoin price pass the $20.000 barrier then I'll make long position or I'll wait until its pricr make a correction and buy again when the confirmation come.
Bitcoin still in the sideaway market for more than one week after its price trying to pass $19.956 on binance exchange but it was fail and drop again.
Seem like some instutional out there still hold their money and wait some fundamental factor to come in again especially stimulus event. Also, the stimulus factor has made some investors still hold their bitcoin so as we haven't seen a big correction so far.
Bitcoin still in the sideaway market for more than one week after its price trying to pass $19.956 on binance exchange but it was fail and drop again.
Seem like some instutional out there still hold their money and wait some fundamental factor to come in again especially stimulus event. Also, the stimulus factor has made some investors still hold their bitcoin so as we haven't seen a big correction so far.
Well, the strongest resistance is at 20k usd, and many times it fails to break the resistance it will back to support.
If we look at the weekly chart, bitcoin still allows wicks above 20K, besides, short term is 2 CME Gap that hasn't been filled. just see who will win, bulls or bears.
last time, the bitcoin movement always ignored the gap, will this time close the gap or continue to beat $ 20K? You can choose to buy again when it is corrected or buy after the breakout and it can break the strongest resistance. also you can sell partial I guess.
If we look at the weekly chart, bitcoin still allows wicks above 20K, besides, short term is 2 CME Gap that hasn't been filled. just see who will win, bulls or bears.
last time, the bitcoin movement always ignored the gap, will this time close the gap or continue to beat $ 20K? You can choose to buy again when it is corrected or buy after the breakout and it can break the strongest resistance. also you can sell partial I guess.
I sold everything when it first came in 19700. Why ?
Because trading in the peaks is very risky, so I am waiting for it to be established and I will enter later.
Now, if it goes above 19700, I'm not upset. Instead, I enter the channel above 20, which is stable, and my bitcoin has not been lost like this.
If it goes down, I will buy it again.
Because trading in the peaks is very risky, so I am waiting for it to be established and I will enter later.
Now, if it goes above 19700, I'm not upset. Instead, I enter the channel above 20, which is stable, and my bitcoin has not been lost like this.
If it goes down, I will buy it again.
Many people have the same plan as you do, because we think bitcoin will be corrected once it reaches $20k so people set sell orders around $19,5k-$19,8k.
This action has consequences that forming a large wall of resistance below $20k. Retail investors or traders don't want to push the price as they know it will be useless against massive sell orders, hence the price seems stable at the current price range within $18,5k-$19,5k. However, if institutional investors start to buying bitcoin again that push the price to surpass $20k, people will follow to buy as well.
People of this market had only two things in mind neither they would held up for longer runs or would actively making up trades with these kind of movements.
We are witnessing now on how many time the price had tried to break the resistance but it do failed up to now and at the moment we are moving sideways
and lets see on what would be the next movement that we would able to witness.
On the question should we keep bitcoin or not? I highly believe that majority is stashing or accumulate as much as they can.
I sold everything when it first came in 19700. Why ?
Because trading in the peaks is very risky, so I am waiting for it to be established and I will enter later.
Now, if it goes above 19700, I'm not upset. Instead, I enter the channel above 20, which is stable, and my bitcoin has not been lost like this.
If it goes down, I will buy it again.
Because trading in the peaks is very risky, so I am waiting for it to be established and I will enter later.
Now, if it goes above 19700, I'm not upset. Instead, I enter the channel above 20, which is stable, and my bitcoin has not been lost like this.
If it goes down, I will buy it again.
Many people have the same plan as you do, because we think bitcoin will be corrected once it reaches $20k so people set sell orders around $19,5k-$19,8k.
This action has consequences that forming a large wall of resistance below $20k. Retail investors or traders don't want to push the price as they know it will be useless against massive sell orders, hence the price seems stable at the current price range within $18,5k-$19,5k. However, if institutional investors start to buying bitcoin again that push the price to surpass $20k, people will follow to buy as well.
The cryptomarket is getting more into discussion with the entry of institutional funds. Often we get to see news associated with large volume investment on bitcoin by popular people around the globe. This keeps the market quite bullish, and it isn't supposed to be the same as the previous bull market of 2017. Whether to hold the bitcoin or sell, depends on individual users interest and patience. The market can't be judged, it is their own risk to hold or sell.
Bitcoin is a good investment, it seems that the price increase of Bitcoin is better than the stock market,
many people think that this pandemic cryptocurrency is one of the best investments, just hold on to the Bitcoin you have
many people think that this pandemic cryptocurrency is one of the best investments, just hold on to the Bitcoin you have
If you look at the current movement of Bitcoin, I prefer holding my Bitcoin to pass the price of $ 20,000.
I believe this year Bitcoin can hit a price of $ 22,000. But I like your strategy by playing safe, with selling
Bitcoin at price $ 19,700. And will buy again if the price of Bitcoin goes down, I didn't do this strategy because
I believe the bullrun isn't over yet. The end of the year is only the beginning for Bitcoin, because Bitcoin will
continue to rise until the end of 2021.
I believe this year Bitcoin can hit a price of $ 22,000. But I like your strategy by playing safe, with selling
Bitcoin at price $ 19,700. And will buy again if the price of Bitcoin goes down, I didn't do this strategy because
I believe the bullrun isn't over yet. The end of the year is only the beginning for Bitcoin, because Bitcoin will
continue to rise until the end of 2021.
It won't be surprising that the trend will change its course because that was a normal and possible scenario from the start. The said volatility things can't be changed since we live in this decentralized market platform. Thus, if we buy Bitcoin now can't be sure as well that by tomorrow it will surge high and gain profits, might it dump, nothing knows that.
This is what we called risk but if we can manage to take care of it and don't get panic even we saw reds on the market chart, this will not a problem.
This is what we called risk but if we can manage to take care of it and don't get panic even we saw reds on the market chart, this will not a problem.
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.
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.
In my opinion, in unstable conditions, the only solution that can save capital and also make a profit is to buy a step.
I have sold some bitcoins several times at peak prices and made a good profit at lower prices by buying step by step.
definitely, instead of being greedy aiming for big profits, saving your capital and bank those available profits is far better than
losing it back together with your investment.
Tough decision to call but if you have good experienced and you trust your knowledge you can simply adopt and work according
to how you see the market will favor you.
It's a good strategy if that suits you.
But, I still prefer buying at a lower price than how much you sold it.
Remember, there are still a lot of weak hands in the market. They might still be waiting for Bitcoin passing thru that point before they sell it.
It might be a good idea to stay idle for a moment and not get caught by a sudden wave.
But, I still prefer buying at a lower price than how much you sold it.
Now, if it goes above 19700, I'm not upset. Instead, I enter the channel above 20, which is stable, and my bitcoin has not been lost like this.
If it goes $20k then I will just wait. Stable? Not for me. Remember, there are still a lot of weak hands in the market. They might still be waiting for Bitcoin passing thru that point before they sell it.
It might be a good idea to stay idle for a moment and not get caught by a sudden wave.
If you're not sure about whether to have BTC in your portfolio or not, it's better to add USDT by exchanging your BTC. I believe that the price is stable and will probably have a run above $21k-$22.5k once there will be a breakout (and it's looking like BTC will breakout upside only except if sellers take the control at their side and dump it down to $16500 again).
When investing in bitcoin, we must also consider the sudden behavior of whales.
Whales have certainly played a role in recent prices and falls, but support remains and we will have to wait for higher prices.
It depends on your plans and what you decided when you invested in cryptocurrencies. But as far as the current situation is concerned, there is no doubt that Bitcoin's price is going to rise, so my answer is "HODL" 
There's going to have a strong resistance at $20k level but pull back is very normal to sustain or to reach that new ATH soon.
Not regretting what I did when i sell off some of my btc at $19k something. And then I still have some left so whether it will hit the new ATH making it new historical record in crypto industry or not, but with what I did I was very contented with my gains. So yeah, I'm still keeping some of my btc.
Not regretting what I did when i sell off some of my btc at $19k something. And then I still have some left so whether it will hit the new ATH making it new historical record in crypto industry or not, but with what I did I was very contented with my gains. So yeah, I'm still keeping some of my btc.
you made a very wise move and brave in same time , bitcoin can dump now exactly the same like what happened in 2017 and other altcoins with dump more , so using a stop loss at the moment is necessary.
you should use a buy stop as well on bitcoin because the price is unstable, unexpectable so you can wake up in the morning and price is rising higher than your sell point .
you should use a buy stop as well on bitcoin because the price is unstable, unexpectable so you can wake up in the morning and price is rising higher than your sell point .
Keeping bitcoin or not decisions would depend on few variables because we have old hodlers of bitcoin who have been hodling for years now; while we have new bitcoin owners; who recently joined the blockchain train by buying and hodling bitcoin. So i will appreciate if you can evaluate your situation; when did you buy bitcoin? when yhave you been hodling ? are you in profit? can you wait longer for further years? ANSWERS to this question will guide in whether you should keep bitcoin or sell.
Jump to: