Who the fuck is selling at these prices.
People who bought below $1000.
I bought all of mine under $600.
I didn’t sell at $20,000 so no way am I selling now. In hindsight I should have sold at the last ATH but I want to wait for $50,000 per coin.
Also depends on how many you bought. If you bought 5 coins from $600, you can wait till it hits $50k. That's a sensible move.
You might be attempting to agree with LFC; however, your whole framework is off base, and you don't sell coins on the way down unless either you are trying to manipulate the price down, or you have decently strong convictions (which may well be a gamble) that you are going to be able to buy the coins back for less than you sell them. Good luck with that.
What if you bought 100coins from $600? You would be carrying x20 more risk now. And if it looks like it is going to go down in the upcoming weeks, (tbh it looks like it) it just makes sense to unload your risk.
Would have been more sensible to unload that risk while the price was going up, but I understand that peeps have differing trading philosophies and try to play around with predicting the short term moves of the market.. sometimes lucky, and sometimes not... so it still ends up being a tougher gamble to be selling on the way down when the price already corrected more than 75% from its $19,666 top.
I am not talking about long term.
Yeah.. HODLers play long term... so if you are trying to shake HODLers based on short term fears then that is truly a different game as compared with the HODL and accumulate game, which is a longer term play.. in that anyone engaged in such longer term play presumes that the price of BTC is going to be higher at a future date (depending on time line) than it is either today or based on his average accumulation costs per BTC.
I too bought some from $1k 2k and $3k. Also bought from $8k, 12k and 15k.
Didn't sell at $20k won't sell till I acquire my target networth. To accomplish this, I expect the price to be between $50-100k. That's a different scenario.
Still does not justify a strategy of selling on the way down.
There are people who aren't long term hodlers but only interested in short term speculation. That's why btc does these crazy swings.
of course, and historically the long term hodlers and accumulators have beat the pants (pun not intended) off of those who have let their emotions attempt to guide predicting short term moves.
I can tolerate my $50k to go as low as $10k. No biggie. But I wouldn't so cool about it If my networth screen was showing $500k and about to be $200k in a few days.
Cross that bridge when we get there. Hopefully, guys (and gal) will skim a bit of profits on the way up, so that they don't have to be either nervous about attempting to play it all at once, and they will protect themselves from some of the BIGGER short term price moves, without getting too worked up about those shorter term price moves (even when they are getting above the 75% correction territory, such as where we are at currently).. stressful times, but NOT very likely a good time to be selling.
[i hope im wrong as usual and we will bounce above 6k with force ]
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