Bitcoin Forum

When you decide to sell, be it today or tomorrow or whenever, chances are you will sell at the bottom. This will cause you massive depression, way worse than not selling at the peak to rebuy cheaper.

Buy and hold, or risk selling at the bottom and losing your position.  After this dip stabilizes, we are going $2000.

Hear Hear!

These are cheap coins, everybody should buy whilst they can still afford to.

I agree, but most people act on strong emotions only. The people that don't buy now will not buy because they have a strong feeling of fear. "Oh no, bitcoin is crashing, it's dead!!"

Once we start climbing back to $1000, this same people will go like "oh no, I need to buy quick, it's going to the moon". Then when they finally pull the trigger and buy they will buy at the $3000 peak and cry.

i have been always telling people for years that they have to make up their minds before going in. before wasting their money by investing in bitcoin and be scared all the time.

you either have to be a day trader or a long term hodler.
make up your mind before buying.

if you are a day trader then you have to be able to analyze the market every second, and make decisions every second and be successful.

if you are a long term hodler then close the damn price reporting sites like preev,... and keep hodling for years not for weeks.

Emotionally, I'm worried and scared. But I know not to make financial decisions off that.

I'm just waiting this one out to see what happens. I may not be smart enough to sell at the top yet, but at least I'm not dumb enough to sell at the bottom.

Yepp I back that!
I highly believe we won't see another 2014.
Of course I could be wrong with my assumption, but you can be sure when it happens again I will buy even moar cheaper coins as well and as much as I can.
Imo we are much more solid in terms of the whole crypto ecosystem,due to injected venture capital, growing user base, more media attention and reports, number of exchanges, constant progress of technological development etc. The fundamentals are looking really good.

Bitcoin has been, is and will always be my wisest financial store of value. I would have never believed something could have been possible but I've always dreamt of it.
Don't be worried  ;) Bitcoin will die many times before its death.

I'm not gonna sell cheap lol. wish i had some dollars to buy cheap coins.
Well, i'll be selling my coins at $2000 or even at $1500. ;D

Bitcoins' beauty is its liquidity only, and that even gives bottom level sellers a chance, at least once in a blue moon when the price incidentally falls down too much and it really does happen sometimes. This gives an opportunity to everyone, so instead of crying, we should look for it and grab it when we get it.

i was able to sell some around 1100. now its slowly moving back up. im looking for a good exit price of my remaining coins. what do you think guys?   1500?

$10,000

Ahahah xD

Well i'm not so sure about the "buy" part. The best for me is to separate fiat and btc.
Fiat = what you use and need on your daily life and what you earn as a wage
BTC= what you earn from shady deals online (at least for me :3)

Don't mix the two. You'll nearly always finished depressed if you do!

You know that if you sell now, you'll have that feeling in the back of your mind that is telling you "you are selling at the bottom, 700 was the god damn bottom, we are already recovering up to 1000+".

This mindset is in a lot of people's mind, and this is what will trigger the next rise. We will not go below 700, it is what it is.

I always think about that "Magic number" where most people will start selling. How many people will still own 1 bitcoin when the price hits

say, $10 000 per Bitcoin? The greed within all of us, will kick in at some point and then people will start dumping coins. If we see those kind

of prices, only the super rich would own whole bitcoins. {$ 100 000 per bitcoin} ....because most people would have sold, way before that

time. It will take a lot of discipline not to sell, when prices goes crazy like that.  8)

Newbies are the ones who will sell when the price is going down. They have weak hands and they get easily scared. They'll think that bitcoin has become worthless and they will sell to save some of their investments. But what we really should do is hold or even buy more bitcoins when the price is dropping. Seasoned bitcoiners know this.

Could happen as long as there is no selling and only holding for a bigger price,if thats happen bitcoin will be back to retain its 1150$ price and could rise up and achieve the 2000$ price maybe this year.

Selling at any price is okay as long as you make a profit or you able to buy back in at a lower price later. But it's true that selling after the price drops is not good timing.

i am agree with aardvark15 said, our main purpose in bitcoin trading is to make a profit. if somehow the price is drop, then i am sure that there will be a time for the price to increase and we need to be patience and wait the time is come. but many of us that sell bitcoin when the price is at the bottom and its because they can not hold a moment and they gets panic.

A lot of Bitcoin investors are starting out with a small amount of money and hoping to make some easy profits.
So of course when the price drops a few hundred dollars in a few days it will scare them and shake off any weak investors.
The best plan of course is to hold your coins but its hard not to let emotions come into play when you think you might lose your entire investment.

bitcoin price , in bottom price
or support price in level 750 dollar
so this now bitcoin price not in bottom price

but in weekly pivot, this now bitcoin price in level support 2 price, WS2 price

We don't know if the price is going to get that high any time soon, but I agree with the rest if you bought at the high then it does not make sense to sell at the bottom, it is better to just hold.

Well it might be possible that I will sell at the bottom someday, since bitcoin is very unpredictable. In my opinion there are a little chance that OP's prediction will happen. If we are going 2000$ then so be it but that wouldn't be the case a repeat of 2014 might happen again since the scenario it have that day is very similar to what it have now. So there's still the chance that if we buy now, there will be losses months from now but there's also the possibility of good profit.

   This 813 $ at this moment can be the bottom of the drop. I`m holding my coins, and in conversation with some members here I think the holding is better then panic selling. Shortage is when you doing what OP suggested, and that is not going always like planed.
   I`m risking with holding, everybody is, but that is my choice and decision. After lot of thinking and reading about price, I`m relatively sure that price will go back to 1000 in first half of this year.

There is not a reason to short bitcoin right now the price seems to be moving now in a tight band and so not much action is taking place since the price is relatively stable.

Bottom of the drop was days ago when we were under 800 USD. Buying under 800 was a steal, I wish I had a lot of cash to buy millions of dollars worth of bitcoin at 700 USD. In the grand scheme of things, it was an insane discount. We may never ever see again 700. 1000 is soon going to become the big fat floor.

i do not think people will get depressed if they bought at  $400  and sold it at $900.  Profit is always good especially it is huge.  I think those who sold at $1000  have bought back when the price hits $800 sub.  It would be great to reach $2000 but I think we are @ $1600  at the end of this year.

   You are more accurate then me, bottom was on under 800, and in just few days after my post and price is + 70$, looks like we are going back on 1000 $.  New floor on 1000 sounds good, and that will represent how strong bitcoin is.
   Every discount is good opportunity for buying and investing, sadly I didnt have money spending too.

If I don't sell when at the top, it is better not to sell at the bottom. I know it will be back on the rise. just patient and patient :)
I am too greedy when waiting for the price of the bitcoin which I think will reach $2000, but it was not reached and the current prices back on the rise it's a good time for me to sell if I want to do that.
 

The unclean traders look at trading from sell at the bottom and buy at the top but experience traders look at it from different perspective. Bitcoin went from 828 to trade above 905 yesterday. What drives the market and because of buying momentum that is why you are seen price going up.

point is that when you miss the opportunity of selling at the top, is that you are able to accept it. if you can accept that, then the likelihood of you making an irrational decision that will work against you, will turn out to be ultra low. but that of course doesn't go up for people that are new into bitcoin and trading. quite often these people find themselves in the losing position where they blame bitcoin for whatever they did wrong. same old story.

I will not sell any amount of my btc till july 2017.. i would be thinking to sell all my bitcoins in the month of august to september this year,cause those months will be the highest bitcoin price that can hit.

I would have wait till Dec to Jan. if I were you.  Those are the month where of the  year where price peak according to the records, Bitcoin more likely to peak at those months even form a bubble due to rapid increase in price.

If you can be patient and sell at the right time (when the price rises) you'll definitely get a huge profits. I also have a plan just like you, I'd save a few bitcoin and sell at the end of the year or maybe when the price was at the top. But it is difficult because it will surely confront fluctuations, so if impatient will inevitably make mistakes.

Yes I could accept it because I don't do trade bitcoin. but I have a bitcoin from growth and I don't feel the loss when I don't sell at the top. but I have a little sense of remorse. because this will be happening for quite a long and I seem to have to be patient again to wait for price increases.

What do you mean? ... Mmm there are only two kind of traders, daytraders who need to be in front of the prices all day and long time investors who only need to invest big, wait some months and see their coins multiply without doing anything.

probably not. :P because new bitcoin panic buying wave is arriving from China if that region is being tagged as currency controller (kinda).
let's see if they do something epic. ::)

Who?  If it is the long time holder, well I think they already did something epic, by holding Bitcoin until the time Bitcoin reach $1k+.  Remember those who hold Bitcoin after they bought it at less than $10?  I think history have the capability to repeat itself.  Just like the Bubble of 2013 and the price surge of 2016.  Though they have different base price when they burst.

if you wanna know who, i would think chinese people would do, because chinese government as i had told (if you know) had attempted to make overwhelmed selling of the CNY illegal at one point, and now forcing people to buy CNY, as well as constraining the capital flow to prevent their currency vault (similar name but i don't know) going empty.

Yeah I agree Chinese government is known for its epic anti-bitcoin announcement that cause Bitcoin price to plummet down to sub $800, lucky the price recovers fast and is now fluctuating between $850 - $920 range.

Not always people sell when the price hits high and not always they buy when it's low. You can't advice people to hold it as this would be their individual decision, a decision that they have to make considering various factors like, do they need to cash in, should they wait longer for profits, it's really a big call and it's not easy to make such decisions, it's best left for them to decide.

This is true and i think the one who get panic on dumps gonna loss big and will blame bitcoin volatility for their loss  ;D
Dumps are actually opportunity to buy cheap bitcoins  ;)

Not always, but when there are very clear signal of what is going to happen like in a bubble, then selling at the top and buying again when the rice gets lower is a very easy way to get some easy profits.

We know that bitcoin price will rise without knowing how much it can be reach in the future, 1-5-10-20-50 years later.
I am sure bitcoin won't vanish and still be number one of all cryptocurrencies, but how about us? How much bitcoin I will hold and still save in my wallet until those time will be matter. I don't want to regret to sell my bitcoin at the bottom.

Bitcoin will never vanish that is an assurance because bitcoin is well established and we do have a great blockchain one of the best innovation in the world. So, if you want to buy now don't ever double think or else you'll regret it from the rest of your life.

To sell or to hold it's not an easy decision, especialy when price is droping fast. But unless you are selling realy big amount of bitcoins this shouldn't be taken so tragicly. Mistakes are always possible and sometimes you will make the wrong decision about selling or holding. But after rain there comes the sun and so after dump there will be pump again.

People think that we are losing money, but all bitcoiners are buying on the bottom, future is ours

People who have long been in the market know a lot of manipulation techniques and, as long as there is the possibility of profiting from it, they will continue to use such tactics. That's the reason why it is not recommended to trade at or near the bottom price.

If you want to continue in this market, listen to the advice of experienced people, and collect every information you need to make the best decisions.

The price is on the rise again, this time, I think it's gonna level out at above $1000. Good times ahead of us.  ;)

For bitcoins, take my advice, Do not sell at the bottom ever. Bitcoin will always go up in every situations no matter what happens. If you don't have trust and dump, then the person buying at that dump will be lucky to buy it as cheap rates and earn a lot on the next bitcoin pump.

Yes, some blame bitcoin for things that are their own mistakes if you buy at the top of a bubble that is your fault not bitcoin, use the volatility to your advantage and you can get some easy earnings.

The problem with a lot people here is that they take opposite actions (e.g. sell when the price goes down, buy when the price goes up, etc). Another thing is that they gain confidence when the price is sharply increasing, where they mostly buy in panic, and that mostly also happens to be close to the top price. It's just blindly buying a.k.a gambling in the hope that the price goes up further, but they of course don't see it like that. And yes, as always, it's Bitcoin and the manipulation that receives the blame. These people should stay far away from trading Bitcoin as it is for their own safety that they quit. But then again, the losses from these people land into the hands of a few smarter traders.

If you do want to exit, sell a portion of your coins at regular intervals. You will average out your selling price then.
If you are a long-term investor, don't try to time the market by selling and then trying to buy bitcoins, Just hold.

Just accumulate 10-100btc and come back in 10 years to check the price.

Yes, getting panic will collapse the possibilities of earning big. We need to stick within plan to ignore the volatility.
I guess the traders who got panic in recent fall down will start booking profits when bitcoin again tests $1000 or $1100 levels. But, with that rally bitcoin may reach $!500 or $2000 also. This way, selling at bottom may happen in rally too.

People are going for 2000$,well it would be achieved by the end of august.You should hope that the price of bitcoins would reach upto 3000$ by the end of this year and then you sell all the bitcoins,which will be profitable for you.

Anything is possible with bitcoin, but to be true $3000 seems something a much increased value, but the same was mentioned by enthusiasts if bitcoin has got etf approval. Let's hope to see the best price as the days of technology issues have getting close to a conclusion level.

i sold quite a few at 1200 - and tried to buy back in at 898, i got a fraction back (less than 1) before we were back up at 1190+

now im sad i even sold in the first place..

We have all been trough this. I fear the day that it blinds us to become a permaholder. This is why your enty price is important. It means that BTC is allowed to dump bigtime without making you any losses on long term. 

Every wrong decision comes from panicking in finance.
Dont panic, guys. You will not sell at low. Just be relaxed. Bitcoin is pure bull market.

Yeah it's an righteous actions to do is to be calm at all decisions you have and if you've happened to sell at the bottom, mqke sure at your next time you won't commit that mistakes again to prevent your self disappointments. Just control your emotions and don't do panic acts which results to panic selling decission, which sadly make you loss your profit. Bitcoin is really un predictable  and you couldn't guess what will be happening in the future days that we have in digital currency.

People panic sell because they invest with money that they can't afford to lose.

It's done to prevent further losses. Funny thing is that when they sell at a loss, instead of cashing out their money completely, they buy back their coins at higher prices not long after that.

They keep repeating selling in panic and buying back at higher prices till they run out of money. I almost feel sorry for these people, almost. After all, it's their own stupidity that leads them to this.

Exactly, a trader is before all someone that can hold his nerves smoothly. Hopefully with bots people do not have this problem ! In any case, I am holding my small pile of bitcoins for the next decade. What people do wrong is to sell become they think that because it is worth less, they lost money, while until they do not sell, they lost nothing.

At $1280 / BTC right now, you'll hardly sell at the bottom.  ;D

These times are just great for cryto and the blockchain.

When bitcoin reach pretty good price i immediately selling it and buying when the price of bitcoin reach at the bottom as in reach around 600 - 800 $ im gonna buy another good bitcoin and wait till bitcoin price reach again high price . im not doing anything like loans, trading. all im doing is investing and selling bitcoin that's all and now im making money on it.

i like selling at bottom and buying when i have money again. bitcoin will never stay on high price it will always have big dump that the thing you must put on your mind always. bitcoin price is not stable as your life bitcoin price is depending on the bigwhales and other traders .

At first I thought you were being sarcastic, till I browsed through your post history -- you're serious, lol. If I was in your position, I would spend some time on improving your phrasing, because it's not looking good at all.

IMO not always like that they usually are panic selling because they catched bad signals in their predictions and so are the opposite for those who buy bitcoin, they think that things go like their way. It's natural because people will follow their own desires.

This is why before we being to put money at risk we must read  articles, the forum and some books about investment and learn to recognize when we failed to enter in the market and just wait for the next opportunity to profit from the market.

I dont yet decide to sell im just buying when the price were being dump ,buy more until i can .when i have a target price i will only sell some .

I think that many people do exactly the same thing. Each person determines the price at which he is ready to sell his coins.
But selling in a recession is stupid. It is better to wait and sell at a high price

I would assume however he sells his coins because he needs money and its just not the best time to hold because he needs to cash out. Which is why investing to bitcoin with just the only money you got isn't recommended plan. You got to have something to support for yourself before spending your money for coins.

Every BTC below 10 000 USD is a steal.  :D

Lets not kid ourselves, the potential of bitcoin is there but it is only that a potential, until that price materializes then the market value is what determines the price of bitcoin and at this time is nowhere close to being 10000 dollars.

This situation enters the questoin why do you need or the reason for you to sell at that price. If i am i.e. i will sell bitcoins to gain some profit when price dumps .My point is i will sell at high price not at the bottom.

The point is that you don't know how the future pans out. You might think that the bottom is far, far below you when there is a downtrend. You may sell basis that reasoning and the trend may change.

Exactly, I dont think why this thread is called like that because the discussion is totally about something different.
In fact, we are already having even higher price. It has reached even 1400 USD so the demand probably is increasing constantly: the Japan society is obtaining bitcoins from cryptocurrency exchanges.
I have heard that many people in there are exchanging their fiats from banks to BTC, to hold them properly without paying any fees, and also to earn the interest.
Im really wondering how exactly it will be adopted in Japan.
It looks like a really interesting idea for me, and I hope that actually there will be a lot of the shops with available BTC as a one of the possibile ways to pay for goods.

If a lot of bitcoins gather, I do not think that there will be a problem to spend it. The main thing is that their value is preserved.

The trend might change anytime without any form of indication, so it's good to keep track of the price move and sell at the right time. As mentioned what we think and the real variation happens in no time, which is the risk with bitcoin. So fixing a target and selling is good rather than expecting uptrend for a long.