Time to Buy or Sell or Hodl? - page 3.

AakZaki

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Quote from: Peanutswar on July 28, 2022, 06:03:50 AM

Just my thought regarding the chart is there's a possible small pump before it happens the halving day also it is based on the previous price movement, this is just my personal perspective, it is good too if you learn how to make a technical analysis so that in your own you can make a decision whether you will buy or not. Currently, I'm waiting for the mini pump and making a position so i can make a small profit and always grab the opportunity to earn.

~snip~

Code:

Source: https://www.blockchaincenter.net/en/bitcoin-rainbow-chart/

[/center]

It looks convincing to buy some BTC if I look at some benchmark repetitions. Hopefully this pattern doesn't change because it's been happening repeatedly. I just highlighted some of the world's economic problems this time. The Fed's rising interest rate makes the market and investors certainly think more critically to enter crypto that has a large instability. But in yesterday's bearish pattern I saw strong resistance, in fact I think Bitcoin has experienced a recklessness of almost 20 percent of the low that occurred a few weeks ago.

Gosgosking

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When you buy bitcoin at a particular price your target is to make profit, then you will wait for the market to go high for you to decide if you are okay with the available profit, Then you can decide to sell but if you think the Market might still go up you can still hodl. Buy or sell or hodl is a choice you will make for yourself nobody will decide for you .

Finestream

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Quote from: Maus0728 on July 25, 2022, 11:59:35 PM

Frankly, the only way you can answer these question is to evaluate what your initial purpose was in the first place.

Because if you are trading, only the technical/fundamental analysis will help you determine when to buy and sell. Holding, on the other hand, relies on whether you plan to keep it long-term. And more importantly, you won't benefit by listening to what the majority of people have to say if you don't know how to assess yourself (e.g., finance, risk apetite, knowledge).

You can always ask the members of the forum for suggestions, but never rely in them for your final decision. Make your own research first on how you will stay profitable and never resort into losses in this bear market. That way, you will have an idea what’s the best thing to do. However, if you think you will make profits these days if you sell, that’s your choice. Some are still profiting these days, especially if you have bought bitcoin when its price was still below $20k.

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Quote from: hack3rcon on July 25, 2022, 05:32:14 AM

Hello,
According to the marketplace, now is the time to Buy or Sell or Hodl?
Any idea welcomed.

Thank you.

First, What are you?
- If you are a short-term trading, you need to consider how much profits that you have got if selling the assets right now, is it profitable based on target?
- Do you face any losses right now? If itis a loss, it is better to save and hold them for longer time, at east to wait for the price increase as target
- If you are a long term holder, don't worry, you can hold the coins for long term, because it is still in the ebarish period, so there may probably have higher chance in the next bullish era.

_BlackStar

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Quote from: pooya87 on July 29, 2022, 02:06:28 AM

That's a strange conclusion because what the chart shows is actually the fact that whenever bitcoin enters the blue region, that is the end of the drops since that is the bottom. Most of them don't last that long either so there is no more room left for more drops specially for another year!

For the previous two blocks I agree with you because we can draw conclusions, but for the third block to near the next half in 2024 only leaves us to assume and speculate. I hope the trend doesn't change like the previous two blocks, but anyway we can't be sure the price won't drop lower than the rainbow blue line because 2022-2024 is quite long.

Granted I don't expect more declines during that time, but we can't be sure things won't change in the future as the market depends on supply and demand. My guess is that the price could still go down during 2022-2024, it will probably be under $17K again.

Yamifoud

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Quote from: Shamm on July 29, 2022, 08:43:02 AM

Quote from: Rockstarguy on July 27, 2022, 11:56:24 AM

Everything depend on what you want , if you really want to invest in bitcoin I think this is a good time to buy and hodl but if you are not ready to buy because of the bear market, fear of losing your money , thinking that the market may still fall , no need to take the risk to buy bitcoin. Investing bitcoin with fear of losing is not the best. Make your decision and embark on what you think will be good for you. If you make up your mind to hodl some bitcoin you won't have any panic even if the market still go dip.

Exactly the point is it depends on us because all traders has different strategies or techniques in order to get profit. But mostly if we talking about holders It's a good thing if we buy nowadays and hold it until we get profit. During long-term investment many things will happen but only we can do is focused and be positive we should not put our greed ends in the center of our investment in order to prevent loss.

As we are trying to preserve the idea of Buy and Hold. Some people make it hard especially when after they bought Bitcoin prices drop and eventually think about selling. I understand how they feel, worries, and emotional stress is a very common reasons why most of these holders easily give up and loosen their hands after seeing the situation. As we are in crypto, we have to be aware of the volatile situation of the market which we can see the change in our portfolio and we have to keep strong and positive.

Shamm

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Quote from: Rockstarguy on July 27, 2022, 11:56:24 AM

Everything depend on what you want , if you really want to invest in bitcoin I think this is a good time to buy and hodl but if you are not ready to buy because of the bear market, fear of losing your money , thinking that the market may still fall , no need to take the risk to buy bitcoin. Investing bitcoin with fear of losing is not the best. Make your decision and embark on what you think will be good for you. If you make up your mind to hodl some bitcoin you won't have any panic even if the market still go dip.

Exactly the point is it depends on us because all traders has different strategies or techniques in order to get profit. But mostly if we talking about holders It's a good thing if we buy nowadays and hold it until we get profit. During long-term investment many things will happen but only we can do is focused and be positive we should not put our greed ends in the center of our investment in order to prevent loss.

masulum

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hmph..

Quote from: pooya87 on July 29, 2022, 02:06:28 AM

That's a strange conclusion because what the chart shows is actually the fact that whenever bitcoin enters the blue region, that is the end of the drops since that is the bottom. Most of them don't last that long either so there is no more room left for more drops specially for another year!

In my opinion, there is a chance of that happening. Take a look at the accumulation chart on the blue color of the rainbow. Referring to the condition of the chart in blue, the reversal process generally takes more than 1 year. So, it's not wrong if he predicts this blue position will last until the middle of 2023. It doesn't mean that it will go down beyond the blue line, but that it will experience a sideway and start to recover slowly to the new ATH after halving. IMO

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Quote from: _BlackStar on July 28, 2022, 01:51:24 PM

Quote from: Peanutswar on July 28, 2022, 06:03:50 AM

Just my thought regarding the chart is there's a possible small pump before it happens the halving day also it is based on the previous price movement, this is just my personal perspective, it is good too if you learn how to make a technical analysis so that in your own you can make a decision whether you will buy or not. Currently, I'm waiting for the mini pump and making a position so i can make a small profit and always grab the opportunity to earn.

Code:

[img]https://i.imgur.com/GtC29NV.png[/img]
Source: https://www.blockchaincenter.net/en/bitcoin-rainbow-chart/

It doesn't matter if you want to sell if in fact you have made a profit now. The assumption is that you have bought bitcoin for $18K during the recent decline, so this is when you should sell and find new positions for your trades.

On that rainbow chart I can assume that the bitcoin price will drop for the rest of the year to mid-2023, and that is an opportunity to collect more of it. I'm sure up trend post-halving will repeat itself and maybe ATH will only be reached in early 2024 or 2025 or a few months after. That assumption is based on a year-on-year chart but anyway this is just a hope. I don't know how it failed, but of course there are two expectations about it.

With these price It is good opportunity to make another buy for the people because this halving for sure makes the 2024-2025 another profitab le year, people still make an earning with the possible mini pump like currently right now bitcoin bounce back again with the 24k$ after breaking its resistance with the 21k there's a small chance again that it will recover in the 30k and make another sides ways, well base on my TA but still it might change depends on the investors.

pooya87

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Quote from: _BlackStar on July 28, 2022, 01:51:24 PM

On that rainbow chart I can assume that the bitcoin price will drop for the rest of the year to mid-2023

That's a strange conclusion because what the chart shows is actually the fact that whenever bitcoin enters the blue region, that is the end of the drops since that is the bottom. Most of them don't last that long either so there is no more room left for more drops specially for another year!

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Quote from: hack3rcon on July 25, 2022, 05:32:14 AM

Hello,
According to the marketplace, now is the time to Buy or Sell or Hodl?
Any idea welcomed.

Thank you.

This is actually a time for all three depending on how knowledgable the investor or trader is about the various trends and how they move. But for investors who have no knowledge about the functionality of the market trends and how they are formed hodling should just be their only option because the market is very volatile and cruel

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Quote from: hack3rcon on July 25, 2022, 05:32:14 AM

Hello,
According to the marketplace, now is the time to Buy or Sell or Hodl?
Any idea welcomed.

Thank you.

The decision is all yours. You have to rightly assess if you want to buy more coins for future profits, or the profits you have right now is good enough to sell your coins. However, for most of us, I believe that buying more and hodling would be the best thing to do in this current market condition. Bitcoin is gradually in sale, so might as well take advantage on its discounted price. Because this opportunity we have at the present might never be available in the next couple of days.

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Quote from: hack3rcon on July 25, 2022, 05:32:14 AM

Hello,
According to the marketplace, now is the time to Buy or Sell or Hodl?
Any idea welcomed.

If you are a trader, you may trade (buy and sell) every time, to get or earn profits through trading.
But, if you are a long-term holding, this may be a good time to buy because the market is still dropping. However, you may need certain strategies to face the future drop again. Some people are using DCA system for holding. This will help you to get the chance to collect more coins for the future.
But, you must also understand what kind of crypto you ar better for holding or trading, because not all cryptocurrencies are suitable. Bitcoin is the best one, for long term holding is also very aluable.

Issa56

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I dont know your strategy, so i cant really tell you what to do, also i dont know the coin you are talking about but let me assume is bitcoin. I invest in coins for long term, i thing if you are holding for long term then it's the best time for you to buy and Hold, we all see all coins are down including bitcoin, so i believe you should just buy your bitcoin and Hold. The only people that should be planning to sell now is people that are short term traders or mid term traders, but long term holders should be buying now, any amount am having that i wont be using for now, am using it to accumulate more bitcoin.

_BlackStar

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Quote from: Peanutswar on July 28, 2022, 06:03:50 AM

Just my thought regarding the chart is there's a possible small pump before it happens the halving day also it is based on the previous price movement, this is just my personal perspective, it is good too if you learn how to make a technical analysis so that in your own you can make a decision whether you will buy or not. Currently, I'm waiting for the mini pump and making a position so i can make a small profit and always grab the opportunity to earn.

Code:

[img]https://i.imgur.com/GtC29NV.png[/img]
Source: https://www.blockchaincenter.net/en/bitcoin-rainbow-chart/

It doesn't matter if you want to sell if in fact you have made a profit now. The assumption is that you have bought bitcoin for $18K during the recent decline, so this is when you should sell and find new positions for your trades.

On that rainbow chart I can assume that the bitcoin price will drop for the rest of the year to mid-2023, and that is an opportunity to collect more of it. I'm sure up trend post-halving will repeat itself and maybe ATH will only be reached in early 2024 or 2025 or a few months after. That assumption is based on a year-on-year chart but anyway this is just a hope. I don't know how it failed, but of course there are two expectations about it.

Peanutswar

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Just my thought regarding the chart is there's a possible small pump before it happens the halving day also it is based on the previous price movement, this is just my personal perspective, it is good too if you learn how to make a technical analysis so that in your own you can make a decision whether you will buy or not. Currently, I'm waiting for the mini pump and making a position so i can make a small profit and always grab the opportunity to earn.

Code:

Source: https://www.blockchaincenter.net/en/bitcoin-rainbow-chart/

pooya87

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Generally speaking if you have to ask this question then the answer is to sell and get out regardless of time, market or market situation. Because it means you had no idea what you bought and why, the result at times like this is usually loss due to irrational decisions.

Apart from that I'd say you should sell any altcoin you are bag holding because whether bitcoin rises or falls the altcoins are going to be dumped.
If you are holding any bitcoins then it is considered a good time to buy more bitcoin if you have any extra money laying around that you don't need.

autumnleaf

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If you are talking about bitcoin, it is really best to HOLD. We know Bitcoin price history from the value of 0$ way back 2010 and got rank up to almost 70,000 USD last year of Nov. Though Bitcoin suffer major setbacks this year, I believe it will revive but not soon based on its history and data so better HOLD it.

Darker45

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To a HODLer like me, this is a time to HODL, but also buy if there's some spare money lying around. To somebody, however, who has taken a careful and detailed analyses of the charts and has been playing with buy and sell for some time and sees that the bottom hasn't been hit, selling might be an option for a cheaper buyback later on. To those who have yet to enter, this is definitely a time to buy.

Please take note that I am talking about Bitcoin and not crypto in general.

Hypnosis00

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If you are in a positive mindset and want to earn money for crypto, you'd now be thinking of taking this cheap price opportunity. You'll be thinking that this is a chance to buy potential coins like BTC at a cheap price as this won't stay like this for long. But the question is if you are also ready to wait for the recovery as surely it takes for a while to come and it needs patience?

Perhaps, there is no specific time when to buy but as an investor, every drop is always a chance and that is how the market works,
Hold or Sell - that is how we make a profit

Topic: Time to Buy or Sell or Hodl? - page 3. (Read 748 times)