Topic: What do you think about the price of Bitcoin now? Take profit or greed? - page 2. (Read 847 times)
November 21, 2020, 04:04:10 PM
I don't think that this is the right time to sell our Bitcoin. Bitcoin has a very good rally now and it continues getting closer to the record price. In my opinion, it will reach a new ath soon and it will continue to increase until reaching a price between 25-30k dollars.
November 21, 2020, 03:24:10 PM
You shouldn't really be so worried about the price unless you interested in looking to sell and hopefully, it drops down and you can buy back even more. "take profit or greed"? That is not fair, just because you don't sell doesn't make you greedy. Maybe they believe in bitcoin and do not care about the price because you are a long term investor? This obsession with the price is annoying. If you a believer then spend a little bit of bitcoin when you think the price is high enough.
November 21, 2020, 08:54:07 AM
Why would I choose to do one when I can do both? I would like to get profit from it but at the same time, I want to continue holding my bitcoin and crypto currencies. It is not that I am greedy but I needed the money for my family, for my future family and to also help the people that needed them. Money is one of the problems my family has as I grow up that is the reason why when I will be starting my own, I don't want to have a problem with money.
November 21, 2020, 08:50:55 AM
The current Bitcoin price is actually quite high. If you really want to sell, I think you can get a big profit. However, if you really want to hold until the end of this year, that is fine, because it is likely that the price will still go up again.
Bottomline is no one is certain of how will the price behave as days are passing by. The market value is quite stable at the present market price point and many investors are being hesitant to keep on holding because there is always a tendency for a market price dump. As an investor, you should know what's best with your investment. Selling at this point will give profit for sure but ofcourse if the market price will be higher eventually, profit will be as well, higher. So it is a matter of a gamble with your investment. November 21, 2020, 07:54:06 AM
The current Bitcoin price is actually quite high. If you really want to sell, I think you can get a big profit. However, if you really want to hold until the end of this year, that is fine, because it is likely that the price will still go up again.
November 21, 2020, 06:00:32 AM
We are surprised of Bitcoin impressive pump from silent into a loud voice circulating in crypto sphere that btc is back from almost 3 years of stagnant. Profit is the basic mindset of btc holders as they are eyeing for much higher price. To hold is not greediness because it is the way of wise holders and the normal strategy.
the amount of time taken for btc to go from 15+k usd to this current price is indeed impressive but the overall performance of btc isnt . it wont also be impressive because we already know that it can possibly happen as btc has this history before . being greedy can depend . not all that who hodl btc are greedy because the reason why they still hodl thier btc is because they are not in profit yet or they are still in losses but to those that are already in profit they are the real greedy . 
November 21, 2020, 01:39:15 AM
Ah well, it's good to be bad like the way it's better make profit rather than being greedy. You cannot expect always good move from the market also I agree there are possibilities for massive pump this year but it's pretty risk too and yes BTC is a long-term star without any doubt I would suggest to take as much as you can and buy when it go down again.
Risk taker? Go greed and hodl as long as possible.Taking a safe move? Go hodl half of it and the rest of it be greedy to expect 100000 usd or even more in the near future.
You cannot sell it all at once as you will only regret it later when the price skyrocketing and you cannot buy much, a lot of people doing this and that was big mistake.
November 21, 2020, 12:15:34 AM
We are surprised of Bitcoin impressive pump from silent into a loud voice circulating in crypto sphere that btc is back from almost 3 years of stagnant. Profit is the basic mindset of btc holders as they are eyeing for much higher price. To hold is not greediness because it is the way of wise holders and the normal strategy.
November 20, 2020, 09:14:14 PM
If you hold it for another year until next year it will be better, you may need to read the thread that I made here, at least to add to your insight as well than just analyzing your charts above, don't be too hasty to sell and panic, that's not true. bitcoin going to the moon even at $ 100k is still cheap
November 21, 2020, 12:11:01 AM
Ah well, it's good to be bad like the way it's better make profit rather than being greedy. You cannot expect always good move from the market also I agree there are possibilities for massive pump this year but it's pretty risk too and yes BTC is a long-term star without any doubt I would suggest to take as much as you can and buy when it go down again.
As long as we can profit, we don't have to be greedy because of chasing the bigger profit because that will not always come to us. We need to be smart to see the situations and use it for our own good. Although the bitcoin price will increase in the future, we need to take as much profit as possible, so we can increase the amount of bitcoin and make a profit while we can.If we are greedy, we will miss the chance to make a profit, and we will not be able to get it for some time. I am sure that there will be a massive pump that will happen during this time to push the bitcoin price to jump to the high price in a short time.
November 21, 2020, 12:00:12 AM
What do you think about the price of Bitcoin now? Take profit or continue to greed? I understand how you feel about Bitcoin's price crash in the past. And many people are thinking about taking their profit when Bitcoin go back its old top around 20k USD. If you look at the chart of Bitcoin recent days, you can see Bitcoin continuously sold down at the price 18.2k USD, it shows that many people had already taken their profit but it was immediately bought around the price 17.5k USD and be supported very well at here
https://i.imgur.com/qqeUqqs.jpg
Let's think about what happened next when they had already taken profit? the break of its old top and keep going up? In my opinion, I see the price movement of Bitcoin this time compared to 2017, there is a difference significant when we see the monthly chart of Bitcoin.
1. The first period is from Jan-2017 to Jan-2018
https://i.imgur.com/mWTXntO.jpg
-->There are almost no adjustments, and the price went straight from 1200$ to 20.000$
2. The second period is from Jun-2019 to Nov-2020
https://i.imgur.com/56j4oQK.jpg
--> The price moves in its correct trajectory (maybe Elliott's wave) with some significant corrections.
Beside that, I want to show an interesting information about the difference between BTC flowing into and out of all exchanges.
https://i.imgur.com/tIIyrAN.jpg
(Source: https://cryptoquant.com/overview/full/474?window=day)
We can see the red candles represents for a drop in Bitcoin deposits on exchanges and that could be a sign that there is little taking profit here on exchanges (there may be trading on OTC exchanges)
Finally, this is just another view of the market from me. And with long-term investors, you also shouldn't have too much headache about profit taking or not
https://i.imgur.com/qqeUqqs.jpg
Let's think about what happened next when they had already taken profit? the break of its old top and keep going up? In my opinion, I see the price movement of Bitcoin this time compared to 2017, there is a difference significant when we see the monthly chart of Bitcoin.
1. The first period is from Jan-2017 to Jan-2018
https://i.imgur.com/mWTXntO.jpg
-->There are almost no adjustments, and the price went straight from 1200$ to 20.000$
2. The second period is from Jun-2019 to Nov-2020
https://i.imgur.com/56j4oQK.jpg
--> The price moves in its correct trajectory (maybe Elliott's wave) with some significant corrections.
Beside that, I want to show an interesting information about the difference between BTC flowing into and out of all exchanges.
https://i.imgur.com/tIIyrAN.jpg
(Source: https://cryptoquant.com/overview/full/474?window=day)
We can see the red candles represents for a drop in Bitcoin deposits on exchanges and that could be a sign that there is little taking profit here on exchanges (there may be trading on OTC exchanges)
Finally, this is just another view of the market from me. And with long-term investors, you also shouldn't have too much headache about profit taking or not
I think the market is basically controlled by the marketers, so, if they are taking profits at that level then there is a possibility of the price crashing to a lesser value within a short time frame and also considering the fact that the US elections are still to be clear on the outcome of the winner, I see an impact on the price of Bitcoin as a result of this in a short while.
You could be very right here. It will all boil down to whenever the mast majority see the price as very enticing and want to cash in on that price. I do however think that this wont happen until we at least get past ATH as people will be using that as a checkpoint in their heads imo. As for the election, I think this has already made most of the impact on the market already. I do think that this potential vaccine for the virus could impact the market aswell if that gets the green light to go ahead, what you think?
November 20, 2020, 11:50:12 PM
What do you think about the price of Bitcoin now? Take profit or continue to greed? I understand how you feel about Bitcoin's price crash in the past. And many people are thinking about taking their profit when Bitcoin go back its old top around 20k USD. If you look at the chart of Bitcoin recent days, you can see Bitcoin continuously sold down at the price 18.2k USD, it shows that many people had already taken their profit but it was immediately bought around the price 17.5k USD and be supported very well at here
Let's think about what happened next when they had already taken profit? the break of its old top and keep going up? In my opinion, I see the price movement of Bitcoin this time compared to 2017, there is a difference significant when we see the monthly chart of Bitcoin.
1. The first period is from Jan-2017 to Jan-2018
-->There are almost no adjustments, and the price went straight from 1200$ to 20.000$
2. The second period is from Jun-2019 to Nov-2020
--> The price moves in its correct trajectory (maybe Elliott's wave) with some significant corrections.
Beside that, I want to show an interesting information about the difference between BTC flowing into and out of all exchanges.
(Source: https://cryptoquant.com/overview/full/474?window=day)
We can see the red candles represents for a drop in Bitcoin deposits on exchanges and that could be a sign that there is little taking profit here on exchanges (there may be trading on OTC exchanges)
Finally, this is just another view of the market from me. And with long-term investors, you also shouldn't have too much headache about profit taking or not
Let's think about what happened next when they had already taken profit? the break of its old top and keep going up? In my opinion, I see the price movement of Bitcoin this time compared to 2017, there is a difference significant when we see the monthly chart of Bitcoin.
1. The first period is from Jan-2017 to Jan-2018
-->There are almost no adjustments, and the price went straight from 1200$ to 20.000$
2. The second period is from Jun-2019 to Nov-2020
--> The price moves in its correct trajectory (maybe Elliott's wave) with some significant corrections.
Beside that, I want to show an interesting information about the difference between BTC flowing into and out of all exchanges.
(Source: https://cryptoquant.com/overview/full/474?window=day)
We can see the red candles represents for a drop in Bitcoin deposits on exchanges and that could be a sign that there is little taking profit here on exchanges (there may be trading on OTC exchanges)
Finally, this is just another view of the market from me. And with long-term investors, you also shouldn't have too much headache about profit taking or not
I think the market is basically controlled by the marketers, so, if they are taking profits at that level then there is a possibility of the price crashing to a lesser value within a short time frame and also considering the fact that the US elections are still to be clear on the outcome of the winner, I see an impact on the price of Bitcoin as a result of this in a short while.
November 20, 2020, 11:32:45 PM
Ah well, it's good to be bad like the way it's better make profit rather than being greedy. You cannot expect always good move from the market also I agree there are possibilities for massive pump this year but it's pretty risk too and yes BTC is a long-term star without any doubt I would suggest to take as much as you can and buy when it go down again.
November 20, 2020, 10:05:39 PM
The price seems good to take 15-20% of holdings and have some cash as a reward for holding through. Yet, I am not doing it because I lost a portion of my already fractional BTC to stupidity. So, no selling for me. I am not even excited about the bull run as such. When it comes to bitcoin, all we have to do is hold.
You can never be sure about Alts but I have bought some of the old ones that I have seen revive a few times. I bought like 0.005BTC worth of ENJ and BAT. I'll take the deal if that BTC becomes worth 0.0075 or so. I have heard of people trading alts to stack BTC and am trying that for myself. I suck at making a profit though and think that BTC will keep going up.
You can never be sure about Alts but I have bought some of the old ones that I have seen revive a few times. I bought like 0.005BTC worth of ENJ and BAT. I'll take the deal if that BTC becomes worth 0.0075 or so. I have heard of people trading alts to stack BTC and am trying that for myself. I suck at making a profit though and think that BTC will keep going up.
November 20, 2020, 09:53:10 PM
I needed some money so even before this bull came, I am already selling a small percentage of my holdings.
The market is not well but pandemic happened and in the past couple of weeks, my parents' house was hit by multiple and consecutive typhoons which are really traumatic for them as they are old. I need to send them some money and my salary is not enough so I sell some while still saving from the mBtcs I am getting every week. I am not choosing either of the two because I needed it.
The market is not well but pandemic happened and in the past couple of weeks, my parents' house was hit by multiple and consecutive typhoons which are really traumatic for them as they are old. I need to send them some money and my salary is not enough so I sell some while still saving from the mBtcs I am getting every week. I am not choosing either of the two because I needed it.
I must say, this has been wonderful timing for you then, considering you were needing to sell off some BTC regardless and it is soaring in price atm
well done!As for your parents, I am sorry to hear that this has happened to them, hope you can get everything sorted and that they were not hurt mentally or physically from the typhoons.
As for the mBTCs you are getting every week, do you mean from bounties etc on this? or faucets etc?
November 20, 2020, 09:38:12 PM
I needed some money so even before this bull came, I am already selling a small percentage of my holdings.
The market is not well but pandemic happened and in the past couple of weeks, my parents' house was hit by multiple and consecutive typhoons which are really traumatic for them as they are old. I need to send them some money and my salary is not enough so I sell some while still saving from the mBtcs I am getting every week. I am not choosing either of the two because I needed it.
The market is not well but pandemic happened and in the past couple of weeks, my parents' house was hit by multiple and consecutive typhoons which are really traumatic for them as they are old. I need to send them some money and my salary is not enough so I sell some while still saving from the mBtcs I am getting every week. I am not choosing either of the two because I needed it.
November 20, 2020, 09:08:38 PM
What do you think about the price of Bitcoin now? Take profit or continue to greed? I understand how you feel about Bitcoin's price crash in the past. And many people are thinking about taking their profit when Bitcoin go back its old top around 20k USD. If you look at the chart of Bitcoin recent days, you can see Bitcoin continuously sold down at the price 18.2k USD, it shows that many people had already taken their profit but it was immediately bought around the price 17.5k USD and be supported very well at here
https://i.imgur.com/qqeUqqs.jpg
Let's think about what happened next when they had already taken profit? the break of its old top and keep going up? In my opinion, I see the price movement of Bitcoin this time compared to 2017, there is a difference significant when we see the monthly chart of Bitcoin.
1. The first period is from Jan-2017 to Jan-2018
https://i.imgur.com/mWTXntO.jpg
-->There are almost no adjustments, and the price went straight from 1200$ to 20.000$
2. The second period is from Jun-2019 to Nov-2020
https://i.imgur.com/56j4oQK.jpg
--> The price moves in its correct trajectory (maybe Elliott's wave) with some significant corrections.
Beside that, I want to show an interesting information about the difference between BTC flowing into and out of all exchanges.
https://i.imgur.com/tIIyrAN.jpg
(Source: https://cryptoquant.com/overview/full/474?window=day)
We can see the red candles represents for a drop in Bitcoin deposits on exchanges and that could be a sign that there is little taking profit here on exchanges (there may be trading on OTC exchanges)
Finally, this is just another view of the market from me. And with long-term investors, you also shouldn't have too much headache about profit taking or not
https://i.imgur.com/qqeUqqs.jpg
Let's think about what happened next when they had already taken profit? the break of its old top and keep going up? In my opinion, I see the price movement of Bitcoin this time compared to 2017, there is a difference significant when we see the monthly chart of Bitcoin.
1. The first period is from Jan-2017 to Jan-2018
https://i.imgur.com/mWTXntO.jpg
-->There are almost no adjustments, and the price went straight from 1200$ to 20.000$
2. The second period is from Jun-2019 to Nov-2020
https://i.imgur.com/56j4oQK.jpg
--> The price moves in its correct trajectory (maybe Elliott's wave) with some significant corrections.
Beside that, I want to show an interesting information about the difference between BTC flowing into and out of all exchanges.
https://i.imgur.com/tIIyrAN.jpg
(Source: https://cryptoquant.com/overview/full/474?window=day)
We can see the red candles represents for a drop in Bitcoin deposits on exchanges and that could be a sign that there is little taking profit here on exchanges (there may be trading on OTC exchanges)
Finally, this is just another view of the market from me. And with long-term investors, you also shouldn't have too much headache about profit taking or not
I personally think there is a lot more upside to gain before we start to peak. Most testing points have been broke through relatively easily so far so IMO I don't see any reason why it can't go further to test ATH. I think if it goes to 25k+ then I might liquidate some BTC into stablecoin for the time being until a pullback occurs. Other than that I am wanting to hold onto my sweet sweet BTC.
November 20, 2020, 09:05:38 PM
I think we should not greed at this moment and secure profit. Exactly no one know about current btc move it may be up or take correction or can take big dump.we can adopt 60-40 ratio for profit.
November 20, 2020, 08:59:35 PM
This is what is interesting about investing in Bitcoin, the price is volatile and unpredictable. If you look at the current Bitcoin movement,
it is very different from what happened in 2017. The increase now is not due to FOMO in my opinion, but there are indeed many rich people
who want to invest in Bitcoin for the long term. So better hold on for now, If my prediction is correct, Bitcoin price should still go up to $ 20,000
this year.
it is very different from what happened in 2017. The increase now is not due to FOMO in my opinion, but there are indeed many rich people
who want to invest in Bitcoin for the long term. So better hold on for now, If my prediction is correct, Bitcoin price should still go up to $ 20,000
this year.
November 20, 2020, 08:57:29 PM
With the current price of bitcoin right now, for sure people want to take profit and it's inevitable for people grab the chance before it go down. For me profit is profit, just the way it is and if it go down a little bit then it is another opportunities to take advantage with. We cannot tell people what to do, so it's their decisions to hold or take profit instead and whatever it may its still a win win scenario because is mooning and that's the best news we ever have right now.
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