to sell or buy BTC? | Bitcointalksearch.org

albon

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Quote from: goldade on January 29, 2021, 07:08:37 AM

Quote from: Joyawan13 on January 10, 2021, 11:58:32 AM

what should we do if we have some bitcoin at this time, regarding the increase in bitcoin prices that we see today, of course the value is very high compared to the increase in the past years, so do we have to sell some bitcoins at the current price, or even we add value to the amount of BTC that we have today by buying it at the current price for us to store for quite a long time ,?
What are the suggestions & opinions of all of your friends who are here?

There is actually no perfect time to sell your coins. This is bitcoin we are talking about and we understand that it has every tendency to increase in price due to its high volatility. This, in other words, mean we can always continue holding the coins that we have now in the hope that it will will appreciate in price.
The question of when to sell, I believe, is a very personal question as it concerns every individual. Personally, I sell my coins, not all of course, when the need for cash arise. Once I need cash to foot some bills and there isn't any other means, I sell some of my coins to raise money.

Yes, there is no specific and perfect time to sell or buy the bitcoin because each of us has his own goal, there are people who made good profits during the rise of Bitcoin to $ 40K, so they sold and there are those like me who hold their currencies for the long term because the current profit from the currency is not appropriate.

redsun114

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Quote from: lepbagong on February 07, 2021, 04:48:10 AM

We must measure from our needs first, we cannot immediately conclude that we want to sell or buy, obviously now we already know that the price is already high and what we will do with this high price, because there can be two alternatives, namely the price will go down in the future or keep going up.

If indeed we have other urgent needs, there is nothing wrong with selling some of them in order to cover these needs, but if we have other funds it is better to hold back because many people conclude that there will be an increase from now. if you have more funds it is okay to add to it, but my advice is better buy for potential altcoins because altcoins are currently on the rise too.
so there are other alternatives you can do from the existing funds.

The other smart choice is to say you have enough and getting out. I personally do not have anywhere NEAR that amount, but if I ever had like a million dollars for example, I would sell that, take the cash, put it in my bank account, and will live with that forever. When you have 1 million dollars and put it in a bank, they will give you a bit of interest rate as well, and if I spend about 750 bucks per month, for 50 years, that is still half a million bitcoin (not even that, 450k), so if I spend 1500 dollars (which I don't) for 50 years, that is still 900k.

Believe me that is waaaaay more than enough for me, I am not going to spend 1500 dollars a month, 750 is around enough, sometimes not enough because of unexpected things, sometimes barely enough, but that is on average what I spend monthly, if I have enough money to spend 1500 dollars per month for 50 years, that is enough to retire. So if you want to fully get out, and just retire and have fun for the rest of your life, that would be a smart decision too.

pinggoki

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Quote from: StreakW on February 07, 2021, 11:45:14 AM

Stop compare the price of Bitcoin last year because we never touch the price anymore, so you must focus on the current price. So the question what should you do?? Simple, buy it now. and HOLD it until your target reached.

But what happens if after you buy the price dumped, also simple HOLD, be the real investor

What are you saying to stop comparing the price of bitcoin today on the price of bitcoin last year? it is obvious that the people will always compare those prices because the price of the two were both far away. Are you sure that you will really buy bitcoin right now in the price of bitcoin was around $38,000? I think as a real investor people will not buy on that current price because the price was too high and just wait for the price to dumps and that would be the right time to buy.

StreakW

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Stop compare the price of Bitcoin last year because we never touch the price anymore, so you must focus on the current price. So the question what should you do?? Simple, buy it now. and HOLD it until your target reached.

But what happens if after you buy the price dumped, also simple HOLD, be the real investor

lepbagong

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Quote from: Joyawan13 on January 10, 2021, 11:58:32 AM

what should we do if we have some bitcoin at this time, regarding the increase in bitcoin prices that we see today, of course the value is very high compared to the increase in the past years, so do we have to sell some bitcoins at the current price, or even we add value to the amount of BTC that we have today by buying it at the current price for us to store for quite a long time ,?
What are the suggestions & opinions of all of your friends who are here?

We must measure from our needs first, we cannot immediately conclude that we want to sell or buy, obviously now we already know that the price is already high and what we will do with this high price, because there can be two alternatives, namely the price will go down in the future or keep going up.

If indeed we have other urgent needs, there is nothing wrong with selling some of them in order to cover these needs, but if we have other funds it is better to hold back because many people conclude that there will be an increase from now. if you have more funds it is okay to add to it, but my advice is better buy for potential altcoins because altcoins are currently on the rise too.
so there are other alternatives you can do from the existing funds.

yohananaomi

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Quote from: SaveOurSea on January 23, 2021, 06:23:01 PM

Bitcoin has support at $ 30k, if it is below $ 30k, then be careful, because it is possible to donwtren again up to $ 24k,
this does look very likely because dumps also occur, it's better to place a stop loss at $ 29900, because it will save you,
getting into altcoins will also make it safe because altcoin is so cheap.

it seems like what there is saying is not proven, because bitcoin it has twice dropped to $ 29K , but the timing is very fast because it was not long before bitcoin bounced back.
it looks like bitcoin has started to be safe and stable in the range of $ 30K- $ 40K and is only moving between that price for now. although still the movement is very fast both up and down and does not change.

I actually agree with you to be able to focus on altcoins which are now starting to move up as well and this will certainly greatly affect the bounty that many people are waiting for because altcoins play an important role in the bounty. at a price that may be more affordable when compared to buying bitcoin which is already very high. although both are very potentially profitable, they must be adjusted to the funds we have.

goldade

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Quote from: Joyawan13 on January 10, 2021, 11:58:32 AM

what should we do if we have some bitcoin at this time, regarding the increase in bitcoin prices that we see today, of course the value is very high compared to the increase in the past years, so do we have to sell some bitcoins at the current price, or even we add value to the amount of BTC that we have today by buying it at the current price for us to store for quite a long time ,?
What are the suggestions & opinions of all of your friends who are here?

There is actually no perfect time to sell your coins. This is bitcoin we are talking about and we understand that it has every tendency to increase in price due to its high volatility. This, in other words, mean we can always continue holding the coins that we have now in the hope that it will will appreciate in price.
The question of when to sell, I believe, is a very personal question as it concerns every individual. Personally, I sell my coins, not all of course, when the need for cash arise. Once I need cash to foot some bills and there isn't any other means, I sell some of my coins to raise money.

bitzizzix

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Quote from: Joyawan13 on January 10, 2021, 11:58:32 AM

what should we do if we have some bitcoin at this time, regarding the increase in bitcoin prices that we see today, of course the value is very high compared to the increase in the past years, so do we have to sell some bitcoins at the current price, or even we add value to the amount of BTC that we have today by buying it at the current price for us to store for quite a long time ,?
What are the suggestions & opinions of all of your friends who are here?

It all depends on when you originally owned or bought bitcoin, and if you bought it when bitcoin prices were really low before going through some ATH that happened in the last two months, I think it's okay if you want to sell it.
because over the last two months bitcoin went through some ATH 20K, 30K and the last point was 42K which in my opinion you have made a good profit what else if you sell at the highest price and buy back when bitcoin price drops at 30K then hold and stay so you can do the same thing because bitcoin price is slowly starting to rise again.

STT

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The best thing to deciding to buy or sell is go by levels you outline, so like watching a tideline on a beach or putting a stick in the sand you can mark progress and allow the market itself to decide where its direction is most likely heading on a regular basis not just the irregular daily waves back and forth in price.

So my outline for negative target on BTC is like 28k or so and we're nowhere near to that scenario. Bitcoin is positive in its action and failed to make a new low which I thought would lead us higher like this. ANytime we're regularly above a 12hr average I think its moving positively and also it moved above the 2 day average this evening also. 32500 is where I'm looking for a daily downtrend, this chart here is just 15m bars but closing above 32500 on 4hr bar and daily bar like its just finished helps to cement the move and make further gains more probable.

blckhawk

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Quote from: lukikato on January 22, 2021, 11:53:09 PM

Quote from: Karartma1 on January 22, 2021, 03:59:06 AM

we are in 2018 again (after the 2017 ath).
this is the most difficult trading window available: if you are here for the long run then don't be worried but if you can't keep up with some franticvolatility, refrain from buying and selling.

yes now it's time to sell, looks like the price will return to 15000 $. that's just my advice, before losing the price

I don't think the rally is done. Perhaps whales are manipulating the price making confusion across the market so that they can accumulate more. It's too soon for a bear market to enter that is why I believed that it will bounce back getting back at $40 again. If you take a look we've been hovering around $30k-$31k for a couple of days and if the bear markets really coming to the price should now be dropping but it's not because the resistance was strong, everyone is confused. But it is still your call after all, if you think the market will bounce back then hold or buy more but if you think it's over then try to liquidate on Alts because it's looking good on alts right now.

Janation

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Quote from: Hippocrypto on January 24, 2021, 05:08:05 PM

Quote from: Janation on January 23, 2021, 09:26:08 PM

I would really love to save some Bitcoins.

Since the price of Bitcoin is quite unpredictable right now, I think it is best to wait for some time and look at the price chart. Maybe look at the identifiers so you would know what to do in certain situations. If you feel that the price is going low, you should be wary of the price changes and mark a price where you could reinvest.

Saving is good enough when we don't really have to spend btc on our daily living, its just unfortunate when there's a need to convert your digital asset to fiat so you need to sell. You had no choice because by the time you waited for the price to grow while holding, price won't move up when it's not in perfect time. Accumulating our remaining balances could be done through buy and sell during active market, but needed skills to do it.

We don't have a choice though.

To get that profit, we convert them into fiat. But you don't need to take it as a profit but another capital to reinvest in the next good wave. If you don't need to use your funds for other purposes, you could just hold them so you could increase your potential profit in the future. It is risky to invest but if we will not be taking a risk, we won't make a profit.

doomloop

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Quote from: Obito on January 23, 2021, 10:12:36 PM

Quote from: SaveOurSea on January 23, 2021, 06:23:01 PM

Bitcoin has support at $ 30k, if it is below $ 30k, then be careful, because it is possible to donwtren again up to $ 24k, this does look very likely because dumps also occur, it's better to place a stop loss at $ 29900, because it will save you, getting into altcoins will also make it safe because altcoin is so cheap.

My stop loss is around the 25k mark because I feel like that is a fair estimate for me, and not to mention that at that mark, my profit margin from selling my bitcoin is still large. I have this back up so low is because I want to have a safety landing when the bear comes. You have to be careful with altcoins though, there are a lot that are just a way to funnel money to the creator so do your research before buying one.

Try to put into stop loss with the support lines. If the price goes under 25k that means there is a chance it could free fall until 19k and that is a bit a bad situation for all the long term investors. However it depends on which side of 25k you put your stop loss to, if you put it to 25k and a bit higher, price could reach those levels and then go up, which would hurt you and you will lose money because you would be selling at the bottom and then price would be going up without you.

However if you end up selling at 24.5k for example, you will be capable of selling right after the huge support wall is broken and it will continue to go down and you will be capable of buying lower. That is why I suggest people to put their stop loss under 25k, not over 25k because 25k is a good support wall that may result with a correction above if it falls that much.

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Quote from: lukikato on January 22, 2021, 11:53:09 PM

Quote from: Karartma1 on January 22, 2021, 03:59:06 AM

we are in 2018 again (after the 2017 ath).
this is the most difficult trading window available: if you are here for the long run then don't be worried but if you can't keep up with some franticvolatility, refrain from buying and selling.

yes now it's time to sell, looks like the price will return to 15000 $. that's just my advice, before losing the price

What we have right now in Bitcoin price doesn't seem to be a replicate of 2018 because we have saw some institutional investors trooped into Bitcoin investment. This is enough to keep the industry not falling below $20k in my honest view, the recent fall was to enable the whales accumulate more coins to themselves.

TinaK

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All the investors are always plan to buy BTC because of recent drop is initially affect the market so many beginners are confusing the current market. But all the fluctuations are always comes in the crypto market, those are looking for long term relationship BTC is a right choice to invest in the market. Day traders are actively monitor the market so they are buy and sell at any time, So I only suggest for mid term and long term investors.

STT

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I did draw in a downward channel for BTC from the highs, we'll see if thats disproved or not as presumably we hit both sides up and down and break one of them eventually. My general stance would be slightly negative for this moment though, some tell me it will spike again but I just go on what I can observe for this moment. Of course I listen and check other opinions and price action is constantly changing.

Kong Hey Pakboy

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Quote from: Hippocrypto on January 24, 2021, 05:08:05 PM

Quote from: Janation on January 23, 2021, 09:26:08 PM

I would really love to save some Bitcoins.

Since the price of Bitcoin is quite unpredictable right now, I think it is best to wait for some time and look at the price chart. Maybe look at the identifiers so you would know what to do in certain situations. If you feel that the price is going low, you should be wary of the price changes and mark a price where you could reinvest.

Saving is good enough when we don't really have to spend btc on our daily living, its just unfortunate when there's a need to convert your digital asset to fiat so you need to sell. You had no choice because by the time you waited for the price to grow while holding, price won't move up when it's not in perfect time. Accumulating our remaining balances could be done through buy and sell during active market, but needed skills to do it.

Only sell your holdings when you need money because it is unnecessary to spend or sell your bitcoin when its price started to increase, but if you feel the price of bitcoin will go down, it's better to save your funds from going down. Holding your bitcoin and other cryptocurrencies and waiting for you to have a considerable amount of profit takes a long time; that is why you need to learn to analyze the market price and make a strategy when the price goes up and down.

Hippocrypto

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Quote from: Janation on January 23, 2021, 09:26:08 PM

I would really love to save some Bitcoins.

Since the price of Bitcoin is quite unpredictable right now, I think it is best to wait for some time and look at the price chart. Maybe look at the identifiers so you would know what to do in certain situations. If you feel that the price is going low, you should be wary of the price changes and mark a price where you could reinvest.

Saving is good enough when we don't really have to spend btc on our daily living, its just unfortunate when there's a need to convert your digital asset to fiat so you need to sell. You had no choice because by the time you waited for the price to grow while holding, price won't move up when it's not in perfect time. Accumulating our remaining balances could be done through buy and sell during active market, but needed skills to do it.

Inspiron14

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Quote from: Obito on January 23, 2021, 10:12:36 PM

Quote from: SaveOurSea on January 23, 2021, 06:23:01 PM

Bitcoin has support at $ 30k, if it is below $ 30k, then be careful, because it is possible to donwtren again up to $ 24k, this does look very likely because dumps also occur, it's better to place a stop loss at $ 29900, because it will save you, getting into altcoins will also make it safe because altcoin is so cheap.

My stop loss is around the 25k mark because I feel like that is a fair estimate for me, and not to mention that at that mark, my profit margin from selling my bitcoin is still large. I have this back up so low is because I want to have a safety landing when the bear comes. You have to be careful with altcoins though, there are a lot that are just a way to funnel money to the creator so do your research before buying one.

$ 25k? isn't that too deep to use stop lose? I think you have to use it at $ 30k, and buy back at $ 25k and you will get more Bitcoin,
then hold on until the bounce occurs, I'm sure the bulls are not over, so don't be fooled by this game, hold on until Bitcoin hasn't touched the bearish cycle!
indeed in the current situation there are still many people hold Bitcoin because of confusion, but if you want to be safe, altcoins are a good investment this time, because bullish happen in the altcoin market.

fullhdpixel

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Quote from: marcbitcoins on January 23, 2021, 06:11:00 AM

We all know that it is impossible to accurately predict a rally or price correction in Bitcoin, as there are several factors which influences its rise and fall. Thus, it is necessary to act quickly after deciding to buy or sell Bitcoin, as the price may not remain near the desired levels for a long time. I suggest that the only time to sell bitcoin is if you've made a profit. It's the amount of profit you want that affects your sell point. Have a target, a goal. Just don't put all your dreams in one basket. If you can't lose the lot and just walk away with just a shrug of your shoulders, you have over-speculated.

Acting quickly would do the opposite effect of what you are talking about. Bitcoin moves very fast anyway, and if you move fast with it, you could be right and get a lot of profit from it that's true, but you could also be wrong and lose a lot of money as well.

The best way to approach bitcoin purchase is to make sure you know what you are doing and buying afterwards, if you do your chart readings and technical analysis well enough, spend an hour checking every small detail and you decide on something, you can do it, but reacting with emotions and deciding to buy or sell that quickly may hurt you in the end, it will be like flipping a coin. I believe bitcoin is a long term investment, and that is why I invest over course of long period with installments, and then I get out that way too, I do not get out if I can but if I do, I will do that in installments as well.

Obito

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Quote from: SaveOurSea on January 23, 2021, 06:23:01 PM

Bitcoin has support at $ 30k, if it is below $ 30k, then be careful, because it is possible to donwtren again up to $ 24k, this does look very likely because dumps also occur, it's better to place a stop loss at $ 29900, because it will save you, getting into altcoins will also make it safe because altcoin is so cheap.

My stop loss is around the 25k mark because I feel like that is a fair estimate for me, and not to mention that at that mark, my profit margin from selling my bitcoin is still large. I have this back up so low is because I want to have a safety landing when the bear comes. You have to be careful with altcoins though, there are a lot that are just a way to funnel money to the creator so do your research before buying one.

Topic: to sell or buy BTC? (Read 1086 times)