to sell or buy BTC? - page 3. | Bitcointalksearch.org

michellee

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Quote from: lukikato on January 19, 2021, 09:56:31 PM

I think we should sell it because the current price is very high, so the price may go down. so don't expect a big profit

If you want to have many bitcoin, you should buy more bitcoin. But if the price increases, you can sell some of bitcoin you have to make a profit, but if you want to hold for more, even if the price can increase high, you do not have to sell at that time. That will depend on your strategy because some people are willing to buy more bitcoin once the price is down, but they will buy at many prices level, and if the price is down, their order buy will be filled. We can still expect to make a big profit later, especially if bitcoin price can jump to the high price.

RealMalatesta

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Quote from: mich on January 19, 2021, 05:04:38 AM

If you are like me and have some fiat stored away then I am waiting for another dip to happen before I make any more bitcoin buys.
So far I have been waiting for this dip since we broke past 30k but it still hasnt happened yet and I dont know if it ever will again.
Selling my coins right now is not a option for me since I think there is going to be another major bull surge in the next month. Maybe even sooner then that.

Many people are waiting for that "dip" and that is why it never really fully goes down and stays there, whenever there is a correction, it shoots right back up. Price went from nearly 41k levels to 32k levels but stayed there less than 8 hours and went back to 35k right away for example, all because there are people like you who buys right back up whenever the price falls down, that is why I believe it is great right now since we can talk about how bitcoin is resisting to fall and it goes back up whenever the price goes down.

So thanks to people like you (and obviously rich companies) we are not falling too much, you are keeping bitcoin price high and that is why we have earned more and more. The real trick of going up is to show the world that it is not going down, if it is not going down then only option to make money is going up and that is what you have achieved.

lukikato

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I think we should sell it because the current price is very high, so the price may go down. so don't expect a big profit

mich

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Quote from: Joyawan13 on January 10, 2021, 12:58:32 PM

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?

If you are like me and have some fiat stored away then I am waiting for another dip to happen before I make any more bitcoin buys.
So far I have been waiting for this dip since we broke past 30k but it still hasnt happened yet and I dont know if it ever will again.
Selling my coins right now is not a option for me since I think there is going to be another major bull surge in the next month. Maybe even sooner then that.

darewaller

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Quote from: exstasie on January 18, 2021, 04:56:04 AM

Most people I know my age have a retirement account. They pay into it with every paycheck. They're planning for the future.

Unfortunately, the same people think BTC is like a get rich quick casino, to be flipped like a hot potato.

I'm sure this popular attitude will change in time as Bitcoin becomes entrenched in the financial system and acknowledged as a legitimate store of value asset. In the meantime, there's going to be a whole lot of tears after people sell their coins at these low prices and then watch the market go parabolic.

I do not know your age so I can't really say anything about that, but I know people who are 30 years old or younger in my generation can barely live. We have learned long time ago that the money you make from your regular job is money so you do not die.

Paychecks are for regular stuff like bills and food and that sort of thing, if you ever want to have money you have to chase all those potentials in life, maybe it is crypto, maybe it is uber, maybe it is something else that would make you money, or maybe it is starting a new digital side gig, who knows?

If you ever want to have a decent life that you would be happy with you have to end up finding something that will make you rich and get lucky, countless others do not have that chance and all end up living a boring life and die that's it. So long story short having a retirement account is a luxury for people who are under 30, or at least that is like that for me and people I know.

Samson123

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Wulan_maniez

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It depends on what price when you buy bitcoin? But if you’ve made a lot of profit, you’d better have sold your bitcoin by then. Because now the bitcoin
price has dropped at $36.xxx. but if you want to invest longer to get the highest price it is also very good. Because bitcoin will always have a new price
on each increase. It’s you who decides.

KTChampions

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Quote from: exstasie on January 18, 2021, 04:56:04 AM

Quote from: KTChampions on January 17, 2021, 07:22:09 PM

This is a reasonable point of view, but somewhat naive. Tell me, how many people have you seen who not only think but also act for the future in 20 years? I think only a few.

Most people I know my age have a retirement account. They pay into it with every paycheck. They're planning for the future.

Unfortunately, the same people think BTC is like a get rich quick casino, to be flipped like a hot potato.

I'm sure this popular attitude will change in time as Bitcoin becomes entrenched in the financial system and acknowledged as a legitimate store of value asset. In the meantime, there's going to be a whole lot of tears after people sell their coins at these low prices and then watch the market go parabolic.

In my country, the situation with pension savings is approximately the same, but in fact the state forces people to make these savings (which already in a certain way speaks of people's responsibility). As for regrets and tears, yes, many will remember how in the past they spent their assets on nonsense and to some extent deprived themselves of the future.

Adamini

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Bitcoin is of great value to me, and I decided to hold on to it, and it is possible that I will realize some in a few years or decades

exstasie

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Quote from: KTChampions on January 17, 2021, 07:22:09 PM

Quote from: exstasie on January 17, 2021, 06:54:28 PM

Being a Bitcoin early adopter is a once in a generation opportunity. This is not just another stock in your portfolio. You shouldn't be selling coins for a 2x or 3x. Not many of them, anyway.

If you can, you should be thinking about leaving BTC for your retirement, and your children's inheritance. Not flipping for a quick profit! Your kids and grandkids will not have this opportunity so you need to take it for them.

This is a reasonable point of view, but somewhat naive. Tell me, how many people have you seen who not only think but also act for the future in 20 years? I think only a few.

Most people I know my age have a retirement account. They pay into it with every paycheck. They're planning for the future.

Unfortunately, the same people think BTC is like a get rich quick casino, to be flipped like a hot potato.

I'm sure this popular attitude will change in time as Bitcoin becomes entrenched in the financial system and acknowledged as a legitimate store of value asset. In the meantime, there's going to be a whole lot of tears after people sell their coins at these low prices and then watch the market go parabolic.

KTChampions

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Quote from: exstasie on January 17, 2021, 06:54:28 PM

Quote from: zanezane on January 17, 2021, 04:08:43 AM

If you have been hodling around the 10k price point, I think that it is best that you harvest the bounty that you deserve for your patience. Constant hodling wouldn't get you nowhere but FOMO, remember that prices could go down and this is your chance to get a more than decent profit from your bitcoin.

I would never judge someone for taking profit (that's their prerogative) but that kind of mindset is going to lose you coins over the long run. You'll greatly regret it. I did.

Being a Bitcoin early adopter is a once in a generation opportunity. This is not just another stock in your portfolio. You shouldn't be selling coins for a 2x or 3x. Not many of them, anyway.

If you can, you should be thinking about leaving BTC for your retirement, and your children's inheritance. Not flipping for a quick profit! Your kids and grandkids will not have this opportunity so you need to take it for them.

This is a reasonable point of view, but somewhat naive. Tell me, how many people have you seen who not only think but also act for the future in 20 years? I think only a few. The vast majority of people do not do the obvious right things that will bring profit over the next 5 years, and you want them to think about grandchildren

exstasie

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Quote from: zanezane on January 17, 2021, 04:08:43 AM

If you have been hodling around the 10k price point, I think that it is best that you harvest the bounty that you deserve for your patience. Constant hodling wouldn't get you nowhere but FOMO, remember that prices could go down and this is your chance to get a more than decent profit from your bitcoin.

I would never judge someone for taking profit (that's their prerogative) but that kind of mindset is going to lose you coins over the long run. You'll greatly regret it. I did.

Being a Bitcoin early adopter is a once in a generation opportunity. This is not just another stock in your portfolio. You shouldn't be selling coins for a 2x or 3x. Not many of them, anyway.

If you can, you should be thinking about leaving BTC for your retirement, and your children's inheritance. Not flipping for a quick profit! Your kids and grandkids will not have this opportunity so you need to take it for them.

Alpinat

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Quote from: zanezane on January 17, 2021, 04:08:43 AM

If you have been hodling around the 10k price point, I think that it is best that you harvest the bounty that you deserve for your patience. Constant hodling wouldn't get you nowhere but FOMO, remember that prices could go down and this is your chance to get a more than decent profit from your bitcoin. Buying at this moment with the current prices for long term is a good thing but remember to take out the other bitcoin that have been sitting there before buying a new one.

I agree, though the price could go up more but the best way for you to have some profit if you think that bitcoin price will go down is to sell some btc in your portfolio. In this kind of way, you will avoid having regrets if the goes down and also if the value goes up because you already have profit and then you also have some more in your portfolio right?
And for me before buying bitcoin at this moment is really good because the chances of it getting a pump are high because of this year's hype.

zanezane

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If you have been hodling around the 10k price point, I think that it is best that you harvest the bounty that you deserve for your patience. Constant hodling wouldn't get you nowhere but FOMO, remember that prices could go down and this is your chance to get a more than decent profit from your bitcoin. Buying at this moment with the current prices for long term is a good thing but remember to take out the other bitcoin that have been sitting there before buying a new one.

CryptopreneurBrainboss

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Quote from: Joyawan13 on January 10, 2021, 12:58:32 PM

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?

Don't build the habbit of asking for suggestions from random users online especially when your finance in on the line. You'll get as many suggestions you can handle and probably this will affect your reasoning even though you just wanted the suggestion to compare with what you had in mind. You should have had a strategy before now and if you don't, better start working on one before you fund yourself in similar situations tomorrow.

Before investing, know your exit point. Do note that, this can be adjusted as the months goes by. Probably your exit was at price that as a result is f the growth of the industry, it'll be foolish exiting the market at that point then you can increase (set new) target.

The market is still very bullish therefore it won't be advisable exiting the market right now. You should set your stop loss though at a price that it'll be comfortable for your taking profit at that price assuming the market was to crash suddenly.

STT

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With this downtrend in play its reasonable to halt any buying but if it breaks the downtrend I would suggest you can take up some buying in a similar way to previous runs. A break of 35385 on 4hr bars is a reason to be especially cautious and expect further downside, 34395 is low below as a further check to negative action. I do expect those levels to be challenged later on today going into the week there is often turbulence.

inanilujimi

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In my personal opinion for now at a price of btc which is still under $ 40k I continue to buy to collect some satoshi, I personally believe btc will continue to be bullish until the end of the year, of course everyone has a different perspective to choose to buy or sell btc depending on research and needs.

ultrloa

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Quote from: error08 on January 15, 2021, 07:15:57 PM

Quote from: Joyawan13 on January 10, 2021, 12:58:32 PM

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?

The fear of missing out when the price of bitcoin increase rapidly and regret when selling too early or too late are some feelings that we have to deal with.
Bitcoin price supposed to increase this year, some say up to $250k but I would assume $100k, it's better if bitcoin can increase more than that obviously.
Therefore, if you don't need to sell bitcoin, don't sell it until it reaches the peak refers to your perception, rather accumulate more coins into the wallet.
If you are a trader in order to maximize the profit, buy and sell at your will but don't regret the wrong-call that you may make.

FOMO is what we can say normal since many people doesn't want to miss the current market condition since they might think to earn when they buy at the current price but actually this action is dangerous if they didn't follow the market closely since any reaction might lead them to lose the opportunity to sell.

Although there's possibilities that we can reach to $250k as you said but it's quit high peak to reach, maybe the $100k for now is pretty reliable but first we need to see it reach at $50k so that we can assume that $100k price will be possibly gotten for this year onwards.

KTChampions

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The situation is very difficult and there are many multidirectional trends now, so I advise (subject to the availability of free money) to diversify your investments. If your capital is more or less evenly distributed between cryptocurrency and fiat money, then it will be equally convenient for you to make purchases during the fall and sell during the growth.

bvoriue

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The current price of bitcoin is very different from the previous 3 years, congratulations to the holders who have persisted in maintaining it until this moment.
I personally will still buy bitcoin, because the current bitcoin price is still low, not yet touching the price of $ XXX, XXX

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