What do you think about the price of Bitcoin now? Take profit or greed? - page 3.

Bitcoin Miners

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Quote from: DarkDays on November 20, 2020, 11:42:39 AM

I think the momentum is strong and I do not see any resistance, so it it quite likely that BTC will reach 20K by the end of the year.

Yep, I think maybe this thing will happen sooner. Almost there is no resistance on the way back to the old peak, and if you want to take profit, why don't wait to 20k USD and we can get 2k USD more for 1 BTC. And after that, Bitcoin may be adjusted back to 0.618 level of Fibonacci ratio, around 14k USD. This is just my personal analysis Wink

Inkdatar

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The current price gives a good profit for those who have bought bitcoin way back when the price is very low. Any trader has its own set goal to what price they can take profit. Some just sell parts of their total asset and buy back when there is a decline will occur. I’m into long term hold and will sell when the price hit my target goal.

pixie85

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For me it's greed all the way. I've been greedy, although a little worried when we were at 6000. I did not want us to go back to retesting the bear market lows as this is a bit depressing even if you are not all in.

Since 10 thousand I'm in full greed mode and not planning to take any profit before a new high. Maybe I'll sell 10% of my coins at 25000 or something just to have some fun and some money in case of a new bear market.

I'll continue to hold the rest until I can really spend it without converting to fiat.

KennyR

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Everyone can speculate, but no one can give you the confirmation to hold until specific time period so that you'll profit big. This is the reality of the market. Upon this it is stated as a risky market, so it is good to go with one's own decision. Whether it is good or bad your money and you take the profit, loss and the learning about the market.

Nellayar

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18680 dollar price of bitcoin seems a sign of a real bull run season. Those who failed to join the train, I think it is more risky to follow nowadays but it could be more profitable once btc surpass its past price. But I think the best thing we can do is to sell some of our bitcoins now or we will regret again once the sellers will dominate the market.

abel1337

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Quote from: Fatunad on November 20, 2020, 03:25:49 PM

Quote from: geyayy on November 20, 2020, 03:20:51 PM

maybe you can sell bitcoin when the price can increase to $19k because the $600 gap of the price will give you the profit,

I agree and second this statement you said here, Mr. ethereumhunter. If I will be also sell what I have, I will make sure first that the price will reach and/or surpass $19k so I will be having more profit. And yes, I am planning to sell because I will be needing some money for personal reasons. I will be taking profit and will watch the trend.

Most of us here do hodl or trade bitcoin for a profit, and now is a good time to sell bitcoin to get profit but if it is bad if you sell it if you are into more profit in this upcoming days. I'm sure that you gained profit since you bought that bitcoin you hodl. If the money you can get from selling bitcoin is worth selling today, Why not? We have personal reasons behind it and I'm sure no matter what the price of bitcoin is, You will sell it because the personal reason you are having is more important.

Fatunad

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Quote from: geyayy on November 20, 2020, 03:20:51 PM

Quote from: ethereumhunter on November 20, 2020, 03:49:58 AM

maybe you can sell bitcoin when the price can increase to $19k because the $600 gap of the price will give you the profit,

I agree and second this statement you said here, Mr. ethereumhunter. If I will be also sell what I have, I will make sure first that the price will reach and/or surpass $19k so I will be having more profit. And yes, I am planning to sell because I will be needing some money for personal reasons. I will be taking profit and will watch the trend.

Selling would might have different reasons for each trader some would be on personal purposes or some had already reached out there threshold to do so.

It isnt bad idea to make some selling at the moment specially if you have bought earlier then its just ideal to sell for making profit but if you are really that

a die hard believe towards bitcoins potential then you wouldnt sell no matter what but to presume out that these prices do come ones in a blue moon then
selling off will be also a best choice.If you dont need to make profit and still hold then its up to you.

geyayy

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Quote from: ethereumhunter on November 20, 2020, 03:49:58 AM

maybe you can sell bitcoin when the price can increase to $19k because the $600 gap of the price will give you the profit,

I agree and second this statement you said here, Mr. ethereumhunter. If I will be also sell what I have, I will make sure first that the price will reach and/or surpass $19k so I will be having more profit. And yes, I am planning to sell because I will be needing some money for personal reasons. I will be taking profit and will watch the trend.

TedMosby

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Yeah the market looks different compared to fomo in 2017. Some articles that I read before called this market as a well-educated market. It means more institutions, companies, or big figures jumps into this market. That’s why we saw correction, correction, and correction. Slowly and steady growth. However, there is still a lot of people who still hodl their bitcoin that they bought at ATH. So we can expect there will be a profit taking after we reach ATH again.

serjent05

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The price of Bitcoin may rally to break its all time high. So holding a bit more is reasonable. I do not think that it is greed to trust and hold BTC for a while longer especially if one has a target price to sell. Same goes if one has already hit the selling price he wanted, he should sell his BTC according to his plan.

Quidat

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Quote from: DarkDays on November 20, 2020, 11:42:39 AM

With BTC reaching new highs by the hour I'd be tempted to hold for a little longer before seeing a definite dip.

I think the momentum is strong and I do not see any resistance, so it it quite likely that BTC will reach 20K by the end of the year.

Do bare in mind that I'm also an optimist at heart, but still, ultimately, you need to make your own decisions.

Im also that too optimistic towards the price but i do always have the doubt since i had learned back in the past where it is the reason why ive been caught
and make up some panic sell.Well mistakes do happen but im trying to avoid the possible next one and i agree into your sentiment that i havent seen
any strong resistances with the current price or into its run but doesnt mean that there would be no barriers in 20k price point.
I should say that this on spot price will be a sweet spot to take profit for those who do active trade and able to bought on yesterdays price
are definitely making some bucks now.

adzino

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Depends from person to person. If you have a goal set and it reaches, then sell. If it hasn't and you are scared that it will crash anytime soon, then remember, you have been already holding for long enough and you can still wait few more years. If you are still scared and if you sell now you won't be making any loss, then go ahead. Sell it. Why live everyday with the fear of losing everything. But, don't forget about the opportunity cost. You might later regret when you see the price rising.
Best thing to do is claim some of your profit, while holding the rest.

CODE200

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Quote from: DarkDays on November 20, 2020, 11:42:39 AM

With BTC reaching new highs by the hour I'd be tempted to hold for a little longer before seeing a definite dip.

I think the momentum is strong and I do not see any resistance, so it it quite likely that BTC will reach 20K by the end of the year.

Do bare in mind that I'm also an optimist at heart, but still, ultimately, you need to make your own decisions.

That's how things should be done as an investor. Honestly I am having quite of doubts with this market, hesitating to invest more and to just hold, or to sell in order to secure the profit. The momentum is also what I am holding into this situation. I'd say once the market price stabilises at a particular market price point, I'd probably sell half of my holdings. Not because I am not trusting this market or Bitcoin perhaps, but I am just aware that things could happen unexpectedly without prior notice. I won't be too optimistic with this market 'coz the market is not working in such way.

Wysi

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This should only bother the short term investors as Bitcoin may crash when the least expect it and moreover long term investors wouldn't be bothered about market crash, as far as I am concerned if I had to choose between profit cashout or continue for more greed I would set reminder to sell off if the value drops for more than $500 from current price as a safety measure to avoid losing much and at the same time if it increases that's lmore profit for me.

suzanne5223

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Quote from: Bitcoin Miners on November 19, 2020, 09:59:59 PM

What do you think about the price of Bitcoin now?

I think it good that the market is now heading towards the direction of clinching new ATH price which will be a good season for some investors that bought during the last ATH price and still keeping their coins.

Quote from: Bitcoin Miners on November 19, 2020, 09:59:59 PM

Take profit or continue to greed?

Theres no greediness in making the decision of keep holding onto a good cryptocurrency especially when it Bitcoin.

DarkDays

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With BTC reaching new highs by the hour I'd be tempted to hold for a little longer before seeing a definite dip.

I think the momentum is strong and I do not see any resistance, so it it quite likely that BTC will reach 20K by the end of the year.

Do bare in mind that I'm also an optimist at heart, but still, ultimately, you need to make your own decisions.

NelfiNovita

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Bitcoin price condition is still very good because the price continues to rise. I think it's better to hold bitcoin until the price reaches $ 20k so that 2018 losses can be covered. On the other hand, I also doubt if the bitcoin price has reached $ 20k because at that price there will be many investors who want to sell their bitcoins so that the bitcoin price drops dramatically.

Cling18

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I have set a certain value of Bitcoin when I would sell my holdings. As for me, setting limits would be a good idea so we'll not be greedy. We all know that Bitcoin could reach higher but it could also crash down anytime and that's its characteristic. However, I will definitely grab the chance to take profit than to regret it.

Rikafip

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I must admit that greed (might be just common sense in the end) is slowly kicking in since we quietly reached these prices without any kind of fomo and hype. Two years ago plan was to sell half when it reaches price close or similar to previous all time high, but that plan is changed now.

I do plan to take some out very soon, but only fraction of the amount I thought I would. Black Friday is coming up so might treat my family with something nice and Christmas is not far away so I have to think about that too. You gotta indulge yourself every once in a while, otherwise what's the point.

Quote from: pakhitheboss on November 20, 2020, 05:47:58 AM

I saw in another forum tha few people have already started selling their Bitcoin at 17k. I assume they were those who were stuck at that level from 2017.

People selling at 17k doesn't necessarily mean that they once bought at similar levels (unless they explicitly said that ofc) so they are finally getting out. It might just mean that some people are scaling out, as experienced investors/traders tend to do that. They don't wait for price to reach the top in order to sell it all at once but they rather sell it bit by bit as price is increasing, therefore taking the profit. When you think about it, it does make sense.

diazepam666

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Quote from: slaman29 on November 20, 2020, 07:05:14 AM

Never taken profit, always using and selling most of what I get, and storing aside as much as possible (not much) for rainy days.

so what does that make me, greedy? Wink

Can't we have a third option of people who're neither greedy nor speculating, just believing in the long term promise of Bitcoin? Roll Eyes

Sometimes we see the third options that is bleeding market. But we have easy to handle the Bitcoin trading so we can buy or sell at anytime. The current market is rapidly growing so we get a good earnings in Bitcoin and altcoin, Already many peoples are store the egg in wallets. So some peoples are exchange in BTC and Big whales are actively transact the trading. We saw different scenario in this year current rush is enough to get a profit.

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