Sold my BTC (with profit) , what to do? Rebuy and Hodl? Wait for dip? - page 2.

carriebee

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Quote from: BabyBoss on November 17, 2017, 07:26:09 PM

Quote from: CryptGuardian on November 17, 2017, 10:58:07 AM

Yesterday I sold my Bitcoins of 1.21 not at the highest thinking it would go down so I could do a rebuy , seeing a downward trend (-$200), but instead when waking up they were higher for about $200.

I initially bought them for $5500. Now I don't know what to do. If i need to rebuy the same amount it wil cost me about 450 dollars more then when I sold them, thus losing profit.

When SegWitx2 got cancelled and Bitcoin Cash skyrocketed I also forgot to sell and Hodl until I lost all my profit.

As always the best thing we can do with bitcoin is to hold. If you want to buy some bitcoin just hold and wait for the dip then if you want to sell just hold and wait for the high price. Everything is just about holding in bitcoin you must be ready about the pattern of bitcoin the Ups and downs.

Well make a firm decision and take the risks in investing becaus bitcoin market is very volatile. It can suddenly dump little and continues to rise. You may wait for the dips for a few days or buy because I feel bitcoin will continue to high.

BabyBoss

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Quote from: CryptGuardian on November 17, 2017, 10:58:07 AM

Yesterday I sold my Bitcoins of 1.21 not at the highest thinking it would go down so I could do a rebuy , seeing a downward trend (-$200), but instead when waking up they were higher for about $200.

I initially bought them for $5500. Now I don't know what to do. If i need to rebuy the same amount it wil cost me about 450 dollars more then when I sold them, thus losing profit.

When SegWitx2 got cancelled and Bitcoin Cash skyrocketed I also forgot to sell and Hodl until I lost all my profit.

As always the best thing we can do with bitcoin is to hold. If you want to buy some bitcoin just hold and wait for the dip then if you want to sell just hold and wait for the high price. Everything is just about holding in bitcoin you must be ready about the pattern of bitcoin the Ups and downs.

trobin

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🤖UBEX.COM 🤖

Quote from: CryptGuardian on November 17, 2017, 10:58:07 AM

Yesterday I sold my Bitcoins of 1.21 not at the highest thinking it would go down so I could do a rebuy , seeing a downward trend (-$200), but instead when waking up they were higher for about $200.

I initially bought them for $5500. Now I don't know what to do. If i need to rebuy the same amount it wil cost me about 450 dollars more then when I sold them, thus losing profit.

When SegWitx2 got cancelled and Bitcoin Cash skyrocketed I also forgot to sell and Hodl until I lost all my profit.

Well firstly you bought them at 5500 so I'd imagine you're still in profit, do not let this influence your decision but perhaps let it ease your stress. You must now consider what will happen with the price in the coming days and forget about your previous trades. Really given it seems you would look to rebuy the question is then just of if you should buy now or wait for a lower price. Personally I think anywhere around the low 7000s is about as low as we will go again before another run up to and beyond 8k.

Indrawan77

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If you think that bitcoin price will go up again then go and buy, if you wait for the dip it is going to be a long wait and you will watch the price go up and up, but I don't think you need any advice since you already making profit in the first place, you already get experience to handle the situation, but if you want advice, I will say buy it now

thorvald

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Bitcoin is a buy the dip scheme. So simply buy the fud dips of it. And try to multiply your BTC by buying into heavily corrected and valuable altcoins.

dothebeats

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Cashback 15%

From $5500 and you sold @ $7500, you already had $2000 profit in there. If there's anything I'd do at that point I'd be checking all the news popping up here and there to get a hint of what i should do next. Too many positive new recently that can potentially pump the price so hard that you might regret not huying even at this level. Also it's always wise to sell only if you needed to or you think you've had enough profit.

PointHope

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Oops, selling BTC now is not the best move.
There is news coming about visa atms and korean exchanges which very likely is going to send bitcoin to the moon.

The high bitcoin fees are even making the top alt coins bullish as well.

My guess is we are entering a whole new bull market.

If you are lòoking to buy it might be scary now.

It might be a while before it settles to the old bitcoin goes up alt coin down pattern.

I be stepping back and watching what happens.

patt0

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Not a trading expert here, nor I intend to be. I usually just hold, but I think bitcoin is redefining the way trades should be done. Normally when some asset starts dropping people just sell it to cut their losses, because it will probably crash and it was the end of it. With bitcoin, it seems that the best option is to buy every dip, because it will recover and go to a new high. You can probably sell some to lock some profit, and hold the rest and wait for another dip to do the same thing all over again. If you sold everything I would suggest you should by and hold some more. If it drops, just buy the dip again, but never sell everything, because it will probably recover, get a new ath, and still give you profit.

JoyofCrypto

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That's why you should never short bitcoin. Only long.

SaShiRaJaVu

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I would wait for a minor correction to re enter bitcoin if i am in your situation because i would not want to risk in the short term,but if your plan is to hold for a longer period then you could enter ,but expect a dip somewhere down the line as we saw last week and make sure you enter at those time period so that you will have a much bigger profit.

bamb

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Your profit may become insignificant in the next two or three years. You must constantly ask yourself what you want to achieve with your bitcoin. If at the moment bitcoin price help you in that direction, then you are successful there no need to worry about bitcoin price.

iram3130

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ITSMYNE 🚀 Talk NFTs, Trade NFTs 🚀

I too missed the Bitcoin Cash peak point and now regretting, it's one of a kind opportunity and we missed it. I would buy Bitcoin and hold if I were you.

krauzzer02

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Quote from: CryptGuardian on November 17, 2017, 10:58:07 AM

Yesterday I sold my Bitcoins of 1.21 not at the highest thinking it would go down so I could do a rebuy , seeing a downward trend (-$200), but instead when waking up they were higher for about $200.

I initially bought them for $5500. Now I don't know what to do. If i need to rebuy the same amount it wil cost me about 450 dollars more then when I sold them, thus losing profit.

When SegWitx2 got cancelled and Bitcoin Cash skyrocketed I also forgot to sell and Hodl until I lost all my profit.

Well that's good for you because i sold my 0.8 btc last Saturday night where btc is still recovering from the attack and spam of the network that push me to conclusion that this will be the best thing to do that time and that is to sell, well i'm hesitated at first but i jump to the conclusion now I regret what i did but that's fine because i learned my lesson.

Now for me I think there will be no big dips that's gonna happen this coming days or months as the btc will have a stability range of $8000 plus lower to $7000, this is just my opinion and many of the people speculated that it will hit 10k this year so just go with a little dips then hold.

BillyBobZorton

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At what price did you sell exactly?

At some point trying to time the market becomes a losing game. Case in point: If you bought at the peak of the $1300 bubble back in 2013, you would have been the biggest idiot in town while everyone laughs at you.

Fastforward to 2017, and now people are dreaming to buy Bitcoin at $4000... do the math. It is obvious you need to find entry points and simply hold long term.

mobnepal

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Quote from: moooonu on November 17, 2017, 12:57:56 PM

After every dip bitcoin touches new all time high record. So keep holding your breathe and wait for another dip and then let it recover and touch all time high and sell it again.

This is the best suggestion you can get from anyone here. So OP you should wait for another round of correction which is quite unlikely before $10k.

I am actually holding half of my bitcoin to sell at $10k and already sold half at near $8k and bought few undervalued/corrected alts.

tora

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Why not buy back half just now on a small dip and keep the rest for a larger dip? If it goes up you gain on what you bought while if it drops it lets you buy at a good price until next price rise comes along.

moooonu

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After every dip bitcoin touches new all time high record. So keep holding your breathe and wait for another dip and then let it recover and touch all time high and sell it again.

chickenfried12

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if you can wait now coming 8000$ and maybe more than tomorrow or coming next week will bi higher if you have a backround you can look altcoins wawes i love it

rebuying time not now my idea

no0dlepunk

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Quote from: CryptGuardian on November 17, 2017, 10:58:07 AM

Yesterday I sold my Bitcoins of 1.21 not at the highest thinking it would go down so I could do a rebuy , seeing a downward trend (-$200), but instead when waking up they were higher for about $200.

I initially bought them for $5500. Now I don't know what to do. If i need to rebuy the same amount it wil cost me about 450 dollars more then when I sold them, thus losing profit.

When SegWitx2 got cancelled and Bitcoin Cash skyrocketed I also forgot to sell and Hodl until I lost all my profit.

Ha ha ha! It looks like we have the same problem, dude... I sold a portion of mine last Sunday and now I am troubled whether to buy back or what. I sold 0.5 bitcoins @ roughly $6500 and look at it now, soaring at $8000. You know what, I suggest you keep it paper for now. I'll let you know as soon as I decide to buy back.

harizen

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For support ➡️ help.bc.game

Quote from: CryptGuardian on November 17, 2017, 10:58:07 AM

Yesterday I sold my Bitcoins of 1.21 not at the highest thinking it would go down so I could do a rebuy , seeing a downward trend (-$200), but instead when waking up they were higher for about $200.

I initially bought them for $5500. Now I don't know what to do. If i need to rebuy the same amount it wil cost me about 450 dollars more then when I sold them, thus losing profit.

When SegWitx2 got cancelled and Bitcoin Cash skyrocketed I also forgot to sell and Hodl until I lost all my profit.

All I can say is move on and make again another journey to your trading experience. Face the risks and learn how to be "PATIENT". The current trend is upward and it was continous so why you think of selling it.

Moving forward.. Since NO ONE knows what will happened, you need some guts again to face all the possible risks if you want to enter at the current price rate. This time, even the trend will be downward after you bought your coins, always goal for "long term" and take advantage of the price decrease by trying to accumulate another quantity of btc's for holding purposes.

Topic: Sold my BTC (with profit) , what to do? Rebuy and Hodl? Wait for dip? - page 2. (Read 716 times)