Congratulations on your profits at the peak and you're just getting ready to buy whenever it dips and goes with the price you're comfortable at buying.
As per the title, I'll keep bitcoin and would do nothing with my decided portfolio to hold it no matter what. When I'll sell? maybe if it rises more or whenever I feel good. But it's proven to keep it and your strategy is also good to sell at the peaks and then rebuy back when it's necessary.
Topic: Should we keep bitcoin or not? - page 3. (Read 680 times)
It is up to you whether you want to keep bitcoin or not, but I suggest you not to forget to take profit while you can and wait for another time to buy back bitcoin. If you bought bitcoin below than $18k, you can sell it now or wait for more until the price can increase above $20k, then you can sell it. But if you can wait for that price, you will make more profit, but you could only make one profit. That will not be a problem because you still make a profit. But if you can trade and use the volatility of bitcoin price before the price rise so high, you will make more profit. That is up to you.
Hello dear friends, if it comes out of the ceiling of the canal, ie 19250 to 19300, in my opinion, the chart is going up, and if it cannot pass, it is possible to fall to the range of 18300.If it goes below this range, lower targets are possible.
This is just my personal opinion and please trade with all the knowledge you have, not with a chart and comment.
I think the best thing to do in this situation where no one knows what is going to happen is to save capital !!!!
The first priority is only to preserve capital and then profit. I know a lot of people in such cases, their Yahoo cold is over 40%!
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.
I think you have made a good job right there. You have set a goal to sell your holdings and doesn't become greedy which is everyone failed to do so. Upon making a trade you should know when to sell your holding because just like you have mentioned you don't know what is exactly going to happen. Liquidation of your capital was a good choice as well in order to mitigate the risk. Better to secure the capital and then you can openly use your profit by that way at least you are afar from loss. This is just my personal opinion and please trade with all the knowledge you have, not with a chart and comment.
I think the best thing to do in this situation where no one knows what is going to happen is to save capital !!!!
The first priority is only to preserve capital and then profit. I know a lot of people in such cases, their Yahoo cold is over 40%!
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.
Hello dear friends, if it comes out of the ceiling of the canal, ie 19250 to 19300, in my opinion, the chart is going up, and if it cannot pass, it is possible to fall to the range of 18300.If it goes below this range, lower targets are possible.
This is just my personal opinion and please trade with all the knowledge you have, not with a chart and comment.
Good observation but it is much better to add graphs so your speculation will be clearly see and understand.This is just my personal opinion and please trade with all the knowledge you have, not with a chart and comment.
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I think the best thing to do in this situation where no one knows what is going to happen is to save capital !!!!
The first priority is only to preserve capital and then profit. I know a lot of people in such cases, their Yahoo cold is over 40%!
Saving capital is indeed but since there are possibilities of climbing up i think this is too early to pull out the capital and maintain the profit.The first priority is only to preserve capital and then profit. I know a lot of people in such cases, their Yahoo cold is over 40%!
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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.
Then what if the price continue to $25,000?yeah sounds exaggerated but nothing is impossible in season like this.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.
But thats great at least what ever happens there are sure profit in your wallet.
I think alot of people already sold and they will want to buy back in if it breaks the $20K because they think that the sky is the limit. However what will you do if it breaks $20K and your stop-limit order never fills because there is no supply there and it ends up going to $21K or $22K almost immediately. What will you do then? Buy it at 22K? Might as well just buy some of it back now. And what will you do if it goes back to $20K and keeps going lower and lower, $19K to $17K all the way to $10K? Anything can happen.
One thing I am certain of is that if there is no dip, there will be a dip in January due to people holding for the new year to sell and have less taxes owing in 2020. This is what happened in 2018, there was massive tax selling going all the way into April pretty much. Alot of people underestiamted their taxes and were forced to sell more in Feb-April 2018 to pay the tax man. Caused massive supply and took us under $10K very quickly. Same situation is possible now.
One thing I am certain of is that if there is no dip, there will be a dip in January due to people holding for the new year to sell and have less taxes owing in 2020. This is what happened in 2018, there was massive tax selling going all the way into April pretty much. Alot of people underestiamted their taxes and were forced to sell more in Feb-April 2018 to pay the tax man. Caused massive supply and took us under $10K very quickly. Same situation is possible now.
It makes sense to believe that the current trend will be spoiled anytime (should already be expected).
If you sold at the price you think a good one, then fine. It's your coins after all and that decision is based on the research you have made out of your own analysis and considerations.
For the question of, should we keep bitcoin or not, depends on how we look at our hodlings, either for purely hodl purpose or taking advantage of the uptrend.
Hold Bitcoin or not can come from ourselves, if in my opinion it is better to hold a potential altcoin than hold Bitcoin for the long term,
we know that Bitcoin price is trying to break resistance at $ 20100 which is the all time high price of 2017,
if can hold breakout, then Bitcoin can reach a new all-time high, but it is very risky if it doesn't work and you still hold Bitcoin
we know that Bitcoin price is trying to break resistance at $ 20100 which is the all time high price of 2017,
if can hold breakout, then Bitcoin can reach a new all-time high, but it is very risky if it doesn't work and you still hold Bitcoin
Selling at the top = Wise.
Waiting for the top = Smarter.
You sold because your top was 19971 but has Bitcoin peaked yet? It didn't do, and I do not say that you did anything wrong at your part but if all the investors will do the same and sell at peak 'if they bought at 19300 earlier in 2018', then Bitcoin will get dumped painfully.
Waiting for the top = Smarter.
You sold because your top was 19971 but has Bitcoin peaked yet? It didn't do, and I do not say that you did anything wrong at your part but if all the investors will do the same and sell at peak 'if they bought at 19300 earlier in 2018', then Bitcoin will get dumped painfully.
If you bought in this bull run, do the safe thing and sell half, or put it all on a stop loss at 18k or 18.5, depending on how scared you are. If you bought at 15k or below, I'd be bold here and hold it, because there's a 60% chance that we'll have a huge breakout above 20k this week. The price looks like it's about to retest the high because each time it retests it goes higher, which is as bullish as it gets.
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.
Yes, I am aligned with you about the observation which you have shared because it's really risky to trade at peaks because there are higher chances of losing capital investment if the market drops down. This should not be bothering you if you are a long term investor but for a day trader or average investor this will be a major blow to deal with, Bitcoin has to cross the mark of $20k by breaking the barrier of $19000 to $19750. Once Bitcoin crosses the mark of $20k we will have more investors pouring money.
It's better to monitor the live market and make decisions about trade within fraction of seconds while reading at peak to avoid shocking loss.
It's better to monitor the live market and make decisions about trade within fraction of seconds while reading at peak to avoid shocking loss.
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 $16500 again).
Depends on your "tolerance" as an investor or your market analysis, to what action should be done. It'll be nonsense to ask other people what to do because it is you who will decide whether to hold or not, bottomline is lack of certainty on how will this market behave the other day. Perhaps I'd encourage you to hold, but the market price suddenly fell and did not manage to recover within this year;regret is more likely to be acquired. Or to put it on the other way wherein I ask you to sell, but the market price continue increasing. I hope you get what we are pointing which is to decide for your own investment not to watch you regret but for you to learn.
Selling bitcoin or hodling bitcoin is supposed to be a personal decision; why do i say this ? SOME bitcoin hodlers have been hodling since bitcoin were 3000$; 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 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 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.
very similar to $3800 earlier this year.
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.
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.
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)...
(but the market can always be volatile and randomely pick the opposite direction once it's broken out so)...
Hello dear friends, if it comes out of the ceiling of the canal, ie 19250 to 19300, in my opinion, the chart is going up, and if it cannot pass, it is possible to fall to the range of 18300.If it goes below this range, lower targets are possible.
This is just my personal opinion and please trade with all the knowledge you have, not with a chart and comment.
I think the best thing to do in this situation where no one knows what is going to happen is to save capital !!!!
The first priority is only to preserve capital and then profit. I know a lot of people in such cases, their Yahoo cold is over 40%!
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.
This is just my personal opinion and please trade with all the knowledge you have, not with a chart and comment.
I think the best thing to do in this situation where no one knows what is going to happen is to save capital !!!!
The first priority is only to preserve capital and then profit. I know a lot of people in such cases, their Yahoo cold is over 40%!
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.
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