Bitcoin Forum

I think it is stupid to sell now. You sell low, you lose your profits. Simple as that. Patience and not panicing is everything. Whales love these opportunities to buy now and are happy to sell you back your coins when the market is rising again because then your FOMO kicks in. Many people are stupid again at this point. It is literally free money for everybody who is not entirely stupid.

I also could be wrong of course. My portfolio is down about 60% over the last 2 weeks. But I didn't sell a single coin so far. I even took a small loan to buy some cheap coins which I expect to rise again after the next pump.

Who else didn't sell anything and thinks it will be the right course of action? Please elaborate.

I didn't sold a single coin. Quiet the reverse: Just filled my bags.

But what I did:
Wasted a few thoughts on the lost opportunities. If I would have sold everything a few weeks ago and bought everything back now, I would have doubled my coins at least.
But:
Would, would, would ...
I wiped these thoughts away. Credited it as learning-lesson.

The Crypto market is very volatile so its hard to predict what will rise and fall as it happens so quickly. But once you invest in coins with a good product and community in the long run they will go up. So selling in times like these just hold if you are nervous or buy if you really believe in the project. You haven't took a loss until you sell at a loss.

I sold none of my altcoins, for the simple reason that I was not available when all of that happened, and moreover I think it has no point to sell coins at a loss...

I've done some trades but I didn't sell anything because of the bloodbath. Yes, the value of the portfolio is going down but I've increased my holdings. (Increased number of coins held...)

This is not always the case because panic selling sometimes do give you some advantage not only on pure lose or dumb decisions but most of the time panic selling doesnt really give good thing into us specially for us coin holders. Its really hard to avoid or control ones emotion when we are seeing that our portfolio is gradually decreasing. The sense of panic will surely come out normally in a person but there are people who can able to manage it since they do know on what would be the benefits on holding till the end.

Even i dint sell single coin including bitcoin and also am buying as much i can alt coin not really cheap coins but some good potential alt coins like waves,ethereum,nem and few others.

I did not sell anything in my cryptocurrency portfolio when you not sell, technically you have not lost anything.

I have sold some on the way down but will not sell anything at current prices. The market will turn around sooner or later.

Sold before today. And it is going lower.
Situation isn't good now.

After the sudden burst of all altcoin and buying DGB at 2.6k sat and seeing it plummet like a rocket ship that lost its engine, yeah i think i need to hold for a long time and wait for the next pump

I honestly haven't sold any bitcoins. I sold my Sia back when it was 650+ and now only hold Eth, Btc, & Gbyte (free).

If we have major problems come Aug 1st, I will buy more Bitcoin cheaply with Fiat, I don't think we will see Sub-$1000 prices unless shit truly hits the fan.

If all goes smoothly Aug 1st, we should see new bitcoin highs imo. This last run was only the first wave of public awareness. We got at least one more to go before I'm selling anything.

Worst case scenario, I hold out for the next rise in a year or two with coins I bought sub-$500.

i am sorry but this is dumb. and i disagree with most of what you said.

it may be a bad time to sell NOW, because prices already dropped a lot and some of them are recovering as we speak. but
that doesn't mean there will be any FOMO,
that doesn't mean they will rise back up to where you bought them at or to their ATH.

it simply means there is a small recovery after a big dump.

also you are making the biggest mistake of all times. you lost 60%! that is a huge amount. it is not something to be proud of, it is not even a correct decision to keep holding in a dropping market! and worst of all to borrow money to lose it!

i assure you majority of these altcoins won't see their ATH ever and for a couple of them it may take months and lots of pumping to get there again.

always sell when there is a dump starting. don't wait around and if you really believe in what you have invested in then buy back at the bottom.

as a bitcoin hodler i even sold some small amounts before the panic kicked in because i knew about the FUD and i am already setting up my buy orders.

For what it's worth I sold two thirds of what I was holding.

My objective is to make profits so I there is no reason for me to hold on to something I expect to fall in price. Planning for losses is not part of my book.

I'll decide what to do next after Aug 1st when things should become clearer.

Edit to add: borrowing money to invest in something as speculative as crypto has to be very unwise. I wouldn't do it.

I'm still hodling my small stack of Golem (currently worth -60% of my initial inv) :(

I am holding on too. The fear of missing out is too strong.
I won't book my paper profits and have the capability to hold for the long term. I won't be giving the whales any opportunity.

I did not sell anything because I do not want to sell while losing. If my investment has terrible losses I would rather hold it than sell and accumulate losses. The sad thing is that I was one of those who are holding some when the serious dipping of price happened. Until now I am acquiring losses. And so I think the wisest thing to do is wait for them to regain price.

Shifted everything into long term projects I believe in before it really dumped. Probably should have sold so I could reinvest at the bottom but live and learn. I'll just buy more and get my average down.

Only price that matters is the sell price

In my case i Sold before the dip, and buy again at low maybe it is much better than holding, the money will grow much faster inthat way that is my style just saying though

Sold some coins today not because of the August 1 thing but because I need some fiat to pay some of my liabilities but given the chance that I don't have anything yet to pay, I will continue to hold and probably buy some more if I have a spare since I consider this days as a grand sale of coins, get them while they are at discounted price.

i am not sell now because as you said, if we sell right now, we lose our profits and i still hold it and for some coin, i made buy again and i got lower price than before. i am agree patience is a good thing that we can do now as we know almost all coin is not giving a good sign too sell.

i think everybody portfolio is down too like you, mine is down at least 0.4 btc but i am not worried or panic, i still holding and waiting and i know the time is coming. but to take a loan, i think its not a good idea because we need fund to payback the loan and if the situations is not change meanwhile we must pay the loan, how we can pay? its up to you, but the most important here is we should patience and not panic.

Yes it is very nice not to swap to another coin, altcoin may take a long time to get better and BTC, litecoin, ethereum is also very good this year

my portfolio is down about % 58 but i didnt sell anything, just holding but only with good potential alt coins like waves,strat beacuse i belive in the long term 1-2 years, they will go up.

after this past week pure of dump is  happening on my hold coin ill never sell anything even though i already in lost, its part of trading ill also waiting for decrease on the price of any good coin that good for long term  i have balance ready to bought if more dump happen.

that is exactly what i did. i like to read that i am not the only one who is thinking like that. that is true for BTC.

i sold NXT and i sold all my ARDR. and now i am waiting to buy them back.

In this downturn, I think a lot of people have gone from traders to investors. I just got into this a couple of weeks ago, with a modest amount of money and am already down 40%. I said to myself that this is money I'd expect to lose. It's human nature to either want to sell it all off (flight) or average down by buying more (fight) or hold (freeze). Back in the day, a friend of mine did very well by selling off his dot com holdings while his brother held and lost a ton. There's an argument for every move. Since I'm not heavily invested, it's easy for me to step and try to look at this rationally. The run, especially since January, has been unprecedented. To my fresh eyes, the coins are "tired," and need to slow down. Many, while still valuable, were and are overvalued. Things are resetting and there will be counter rallies even the downward trends continues. People are beginning to realize that a white paper, a vague idea and a subsequent ICO does not mean there is a business there that will make money.

In the big picture, I believe this is a growth industry and a massive one at that. New value will be coming into the market in the coming months and years. After the August 1 deadline, things could shoot back up and we'll all be partying again. Consider that Mark Cuban calling BTC a bubble caused a nearly instant 200usd drop in the price of the coin. A couple of weeks ago, the head of technical strategy at Goldman Sachs, talked about this being a corrective "4th wave" and btc could correct down to about 1750 (or something like that) and then enter the 5th wave. The next wave could cause it to go to 4000usd before years end.

Whether or not you buy into the tech analysis, there are bigger players at work here and they wield influence. They know that blockchain technologies are the next "internet" in terms of investment. The internet took some time to mature as people barely knew about it in the 90s. A huge difference is that Crypto has the internet spreading the word so expect crashes and bubbles to be the norm for quite awhile. It's going to grow up in a hurry; at the speed of thought.

It's up to communities to hold it together. Although it is blatant manipulation, the Chain Coin story represents a group fighting back against the establishment and to me, this community of early adopters and enthusiasts can make the market a lot more than anyone realizes. Dot com fortunes were made by investment houses and rich people. Smaller investors who took to the stock market took the losses and paid commissions on top of it. This is something where everyone can participate. We are the users, the investors and the contributors. I don't think even the big banks realize that they won't be able to so readily manipulate this market.

It's the proverbial ragtag group of renegade outlaws that know the terrain better than anyone and the trained military guys coming in to clean house. This time the little guy wins though. That's what I believe.

you are just locked and locked to the belief, the market will dump for several moths with large probability, and if you know this, will you sell the coin and buy them back with a low price?

I agree, selling and buying in later again would also net nice profits. But it is always very hard to call, so I refrained from it. I am still in the green compared to when I bought, because I bought most in January-February meaning I only lost some profits.

As far as I see from the replies in this thread, it is not people from this forum that mainly sell a lot of money and cause these problems on the market. I guess those are people who used to invest using fiat and invested in some papers like on Wall street. They don't understand that currencies are not the same as papers and that it is actually them who mainly make the market go up or down. But then again, it wouldn't be possible to earn money investing into things if there weren't big price jumps out here.

Same here. Didnt sell any altcoin though theyre down to half price now.
AND I'm buying more. Huge discounts now in all coins. Theyre going up after the august 1 debacle and pump further in 1-3 years.
Prices will only inflate with time.

I had around 6 BTC (1 BTC altcoins). At the beginning of month I've sold 2 BTC  to withdraw my initial investment. Then, price started dropping. I thought there could be a bounce and bought 2.06 BTC. Later price dropped further. Now, technically I didn't sell anything but added 0.6 BTC to my portfolio. However, in terms of USD price, my portfolio dropped in huge amounts.

I think I can survive at least 1 year even BTC price hits 1000 USD or less. But I'm expecting such good bounces once this issue with forks are resolved.

I haven't sell any single coin since the dropping, I thought that it was just a temporary, unfortunately it last for a long time and now it is a bit too late to sell because it drops too much, so I will just take the risk holding it and see what will happened in the future, but I believe in the future the price still can go up

Is this panic selling i see, a huge drop in just a week or so or is it just the coming of segwit that will start broadcast on the first of august. but still i will stand firm and wait for the storm to past.

That's your opinion not mine, but every one has their own strategy. People who sell now is just panic sell, that's natural with this big speculation. But most of them hold it with patience and hope that next month after August the price will comes up again. If we have extra money maybe will follow your strategy, but people with no money will sell it for safety. Good luck.

most people who enter early still have great profit, If the banker does not have this profit squeeze, the market won't turn, so i sell out all my coin to wait for the bottom

My total altcoin worth is down by more than 60% right now and am not selling any of my coins right now. I know that it is because of the two sides who want to fight for and against the segwit. I have bought some coins long ago and when the price comes back to the previous point or even to 2000$, I will be in a profit, so hold everything.

I was aware about of this segwit situation 2 month before that is why I was trading very less and most of my money I kept in BTC and now I am starting to buy Altcoins now and will buy more at dips.

I also hold my bitcoin now and also I buy alt-coins at low price because they are now dumping and this is the right time to buy those alt-coins.

You can't know that, maybe your coins will be dead in 1-2 years.
How much have you lost? 58% is lot, but how much have you invested, maybe it is better to sell even with lose than wait couple of years to lose more?

I sold over 2 million NEM, most of it between $1.7 and $2.5 B market cap, leaving me with about 150K left, and sold all my other altcoins except Pascalcoin, Xtrabytes, and Ark, which are all down significantly.  Not sure what I'm going to do now. It's much easier to spot bubbles and sell than spot bottoms and know exactly when to buy. I suspect we go quite a bit lower yet and base for a year or two like during the 2013 bubble.  I feel bad I was promoting some altcoins during the bubble but I did warn people when the charts said it had burst, so there was time to get out if a person was following my posts that closely.  It wasn't just that, it was the market depth on poloniex, and how greedy the ICO market was getting. It smelled too much of the tech bubble in 99 when pink sheet stocks were doing the same things altcoins were doing during this bubble.

A stock called "ECNC" going from my buy price of 25 cents to 9 dollars in a month when I sold it bought my first car fresh out of high school. Then I got lazy and didn't stay involved in the stock market and played video games instead, and here I am at age 35 doing alright, but I could be retired by now had I had more discipline. NEM doubled my net worth. Most of it's going into the fidelity account for more stable stock market investing, but the stock market is pretty high right now, too.

Life goes by fast. If you made a ton of money in cryptos, take a third of it and go out and enjoy life.

I found an old post by someone else about that ECNC.

https://www.investorvillage.com/smbd.asp?mb=82&mn=17&pt=msg&mid=11362

There are a lot of people who bought cryptos as a long-term investment, people who don't check the price day-to-day or even month-to-month, but maybe once or twice a year. They won't be aware of the bitcoin war or the current dump, and they won't be members of this forum. I'm sure there are plenty of these people, and they won't have sold a thing.

Personally, I've sold some and bought back more at a lower price, and so increased my holdings. But I've done this quite conservatively; I could have made a lot more than I have. The reason I didn't sell everything at the top, and that I bought back before the bottom (whenever that is), is that I think that when prices start to rise, they will rise very rapidly... and it will be very easy to miss out. I have absolutely no idea when the bottom will occur.

sold btc at 2400 eth at 400 and pascal lite at 7000 sat. I'll buy in on the 29th.

I am guilty of selling some of my BTC but not my alts.
You see there is no profit now.
The current did a big fall which you wont get anything so why sell.
All my alts are still intact and I really want to know what is it there after this August madness which makes people panic and sell their coins for cash.
The fact that there is no profit makes me hold it. I will ignore everything that have been making a fuss to sell it.
There is no telling where it will go after all the breaking news.

"Buy when there is blood on the streets, even if its yours" - Baron Rothschild

Every Euro i can afford i will invest at this grand sale. This is the chance to get rich, just because of the stupidity and impatience of other people.

Buy Litecoin now, change it to Bitcoin at its lowest = make some moneyyy  ;D

Is this for BIP91? If so, I'd say waiting until 29th would be very last-minute, and price rises could kick in before that... but then I'm pretty uninformed, which is why I didn't sell everything as soon as the dip started!
Could you elaborate on why 29th is best?

the time to sell was weeks ago. i've mainly been buying a little today. the writing has been on the wall for a while. people should've read it.

Been slowly selling (taking profits) all summer. Mostly out of speculative crap for now, long term bags stay in the cold storage. Looking to buy a ton of alts as soon as I start seeing the prices that I'm waiting for

I didn't sell anything either 😁.
Doesn't take away that it feels bad when you see everything go down and down more each day..

I am holding on to my coins as well with 40% losses on paper, I believe the price will rise again.
And yes, I agree that if I sold the all coins before the dip, I will have the opportunity to buy at lower price. Hence these are my losses now.

My total alt holdings is just over $100... at the highest time it was almost $200. I didn't sell anything. For me, I considered it an investment (I didn't actually buy, just earned or exchanged from bitcoin) and practically consider this a loss already.

All in all, I guess the amount of fiat now is more or less still the same amount I earned or exchanged, so I'm not worried.

Selling at now is bad choice, you just have low ratio opportunity for buy dip with the price now in market, most trader are holding their crypto or take loss in past crash or go to FIAT and USDT for waiting the price falldown and buy dip as you.
But look at the market in today, the market recovery fast and we can't buy dip as yesterday ;)

i didnt sell a single BTC, in fact i bought more.. when the drama smoke clears, you'll be in the mad profits