What the heck are you talking about?
Sense.
If this is to keep a roof over OP's head or pay for life saving surgery you'd be a moron to risk it. If it's for a cost that can be deferred or avoided completely then that's a different matter.
Topic: Sigh... Do i need to hold and sell it later or now? Quite tricky situation. - page 2. (Read 863 times)
January 26, 2020, 10:18:53 AM
Sense.
If this is to keep a roof over OP's head or pay for life saving surgery you'd be a moron to risk it. If it's for a cost that can be deferred or avoided completely then that's a different matter.
January 26, 2020, 10:15:53 AM
sell it now. you won't lose much if the price grows a little
What the heck are you talking about? With this price if you sell OP might regret this decision soon. It's better to hodl than sell now if OP aims to get the price of the bull market than selling it now because it's a trend. What a wrong move if you would like to push OP to sell to a very cheap price, you never know if he bought it like higher than the price today. January 26, 2020, 09:44:02 AM
I am holding about 1.2 BTC now
But I need a money until Feb 22nd.
Should i hold until Feb 21nd and sell it? or Sell it now?!!
What do you guys anticipate in BTC price until next month?
Only you can answer this but to help, you can check the technical analysis of Bitcoin on https://www.tradingview.com/. At least it will give you a hint on what possible trend of Bitcoin in the coming weeks. Sitting there without any hint on what will be the next movement of Bitcoin is very frustrating.
January 26, 2020, 09:36:46 AM
To sell or to hold depends on.your personal needs and plans. I don't think that price is bad or that is going to fall sharply so that you need to sell and if you don't need fiat money don't sell either.
I think that final decision depends on your preferences, whether you are short term or long term investor. Just watch the market closley and then act accordingly.
I think that final decision depends on your preferences, whether you are short term or long term investor. Just watch the market closley and then act accordingly.
January 26, 2020, 09:34:49 AM
It is not a tricky situation at all. Nobody has a crystall ball so we can't know for sure if the price would be lower or higher at some precise point in the future unless you're one of the world's billionaires and you have possess the financial power to move markets by hundreds of dollars with a measly order.
My suggestion is to reflect what do you want to do with that Bitcoin. Are you going to need all the money or only a part of the 1.2 BTC value? If you only need a part then you can get a loan from Nexo or similar websites if you want to get into it and so keep your BTC, but at the same time that will expose you to other risks aka interest, the possibility of BTC to go down in value and you will have to put more as collateral, etc.
On the other side if you're not a trader there is no need to gamble with your money and hold it for another month in the hope that it will raise. Hope is not good for this game.
My suggestion is to reflect what do you want to do with that Bitcoin. Are you going to need all the money or only a part of the 1.2 BTC value? If you only need a part then you can get a loan from Nexo or similar websites if you want to get into it and so keep your BTC, but at the same time that will expose you to other risks aka interest, the possibility of BTC to go down in value and you will have to put more as collateral, etc.
On the other side if you're not a trader there is no need to gamble with your money and hold it for another month in the hope that it will raise. Hope is not good for this game.
January 26, 2020, 09:28:24 AM
If a fall in the price by then means you can't meet the expense and this is a totally necessary expense then it's an absolute no brainer. Get rid right now. Hope does not pay the bills.
January 26, 2020, 09:25:49 AM
I think you can sell a little portion of it now at least the price is not that bad yet. The next month is somehow promising and we really don't know of the trend. Selling it on the time you need it may also be profitable or you can acquire losses. However, at least you have some portion sold now, the difference will not be that bad I guess.
Selling portion by portion when price increases depending on the chart is a good choice for OP. He needs to be active seeing the market so he can take the price that it will increase and sell, he can also ship into alt which is increasing. However it will all depends on the market performance. January 26, 2020, 09:20:19 AM
I think you can sell a little portion of it now at least the price is not that bad yet. The next month is somehow promising and we really don't know of the trend. Selling it on the time you need it may also be profitable or you can acquire losses. However, at least you have some portion sold now, the difference will not be that bad I guess.
January 26, 2020, 07:32:30 AM
February 22nd is still a month away, and the price may go up significantly, or crash down. If the Bitcoin you have, when converted to fiat, is already enough or is much more than what you actually need, then it's better to convert now than later. The risk is too high if you still decided to hold and the time is not enough to wait for another pump.
The thing is we cannot predict when would be the lowest price. Some expect that the lowest would be on February, but all are only prediction really.
The thing is we cannot predict when would be the lowest price. Some expect that the lowest would be on February, but all are only prediction really.
If the OP needs to sell BTC, it means that it has a need for cash. Therefore, you do not need to hurry with the sale, but you need to wait for a more favorable rate. I would put a stop loss in case the price of bitcoin starts to decline. And I would watch the market to sell bitcoin in time if the price goes up. In my opinion, this is the only way to sell your bitcoins at a more favorable rate.
January 26, 2020, 06:37:44 AM
As bitcoin is known for its volatality its difficult to predict the price pumps or dumps in next month .If it Pumps its your luck if it dumps then bad luck so think and decide .If its need of less money then you can borrow some money and use if its so emergency and need more money then you can go for selling bitcoin because than borrowing more you can use your own money without interest, Bitcoin might dump also god knows ... Think smart and make a move good luck.
January 26, 2020, 05:43:25 AM
But I need a money until Feb 22nd.
What do you guys anticipate in BTC price until next month?
What do you guys anticipate in BTC price until next month?
it doesn't matter what price you predict could be reached, you should have never invest what you could afford to lose or the money that you needed. so the answer is to sell now and only invest the money that you don't need (can live without).
for example instead of 1.2BTC or ~$10k you can invest $2k that way you are taking a smaller risk while still having an investment in bitcoin.
January 26, 2020, 01:59:38 AM
I am holding about 1.2 BTC now
But I need a money until Feb 22nd.
Should i hold until Feb 21nd and sell it? or Sell it now?!!
What do you guys anticipate in BTC price until next month?
in my opinion it would be better if you keep holding it until bitcoin experiences a pretty high increase. there is still one month left. there is a possibility that one month ahead bitcoin will experience an increase. selling it now is not the right thing because a few days ago the price of bitcoin has decreased. better to wait because in my opinion maybe at the beginning of February bitcoin might go up again.
January 26, 2020, 01:53:58 AM
Wait until you will be needing the money as base on the price movement there is a big chance that the price will still grow in the following days.
But the decision still yours, if you are already satisfied with the current price then you can sell it now and withdraw it so you don't have to worry anymore about the incoming price of bitcoin as no one can really predict the market price. What is sure is that, the price will surely goes down or up.
But the decision still yours, if you are already satisfied with the current price then you can sell it now and withdraw it so you don't have to worry anymore about the incoming price of bitcoin as no one can really predict the market price. What is sure is that, the price will surely goes down or up.
How can you be sure that it is just in a following days? Even a professional bitcoin holder can't predict when will bitcoin will grow its price again. No one can measure how volatile the bitcoin is, so it is very hard to make a statement on when is the right time to hold and sell. This is all about taking a risk no matter what happens. It is possible if you sell in context like when you really need the money for some purposes. It depends on the circumstances, but that's true that also prediction is very uncertain.
January 26, 2020, 01:47:23 AM
I am holding about 1.2 BTC now
But I need a money until Feb 22nd.
Should i hold until Feb 21nd and sell it? or Sell it now?!!
What do you guys anticipate in BTC price until next month?
in my opinion it would be better if you keep holding it until bitcoin experiences a pretty high increase. there is still one month left. there is a possibility that one month ahead bitcoin will experience an increase. selling it now is not the right thing because a few days ago the price of bitcoin has decreased. better to wait because in my opinion maybe at the beginning of February bitcoin might go up again.
January 26, 2020, 01:06:37 AM
I am holding about 1.2 BTC now
But I need a money until Feb 22nd.
Should i hold until Feb 21nd and sell it? or Sell it now?!!
What do you guys anticipate in BTC price until next month?
But the decision still yours, if you are already satisfied with the current price then you can sell it now and withdraw it so you don't have to worry anymore about the incoming price of bitcoin as no one can really predict the market price. What is sure is that, the price will surely goes down or up.
January 25, 2020, 09:57:46 PM
it always depend on you mate if you really badly need money then sell some of it or you will still hold on and wait for the bitcoin to go to the moon again but if you only used it for your wants think hundred of times so you will never regret it.
January 25, 2020, 09:37:25 PM
Should i hold until Feb 21nd and sell it? or Sell it now?!!
What do you guys anticipate in BTC price until next month?
What you can do is try to sell your bitcoin depends on the money that you will be needing so that you still have an investment and has a chance that it will grow even more. Also, check if it is reasonable to sell it all. If the value of it rises up before feb 21, sell it all since that is a chance to gain profit into it. But if not, sell a part of a bitcoin only. What do you guys anticipate in BTC price until next month?
January 25, 2020, 09:10:38 PM
I am holding about 1.2 BTC now
But I need a money until Feb 22nd.
Should i hold until Feb 21nd and sell it? or Sell it now?!!
What do you guys anticipate in BTC price until next month?
You can still wait until February but like others are saying, just sell how much is the amount you need. It's better to leave some amount on your wallet just in case it pumps up again.
January 25, 2020, 06:11:02 PM
I am holding about 1.2 BTC now
But I need a money until Feb 22nd.
Should i hold until Feb 21nd and sell it? or Sell it now?!!
What do you guys anticipate in BTC price until next month?
The question is, do you need the entire 1.2BTC? because if not, you'll just sell enough to cover up your needs. You don't need to worry cause there is something left in your wallet, you can still at gains if ever the price will go high.
January 25, 2020, 03:14:42 PM
1.2 BTC is a lot of money and I don't think it will be a good idea for you to cash out it right now since you were holding that and thinking for a profit. I just suggest to just convert the amount of BTC that you need and just let the rest being on hold in your wallet, and about my opinion about bitcoin's price in the next few months? I think that the price will stay in this range (Between 8k to 9.5k$) and it may increase hugely after the halving.
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