Bitcoin Forum

I will never sell under 20k$, even if Bitcoin go to 100$ ...

The peoples who bought Bitcoin at 19k$, why you are selling them now ? You bought at 19k$ sell higher than that !

If you don't beleive at this technology do not buy anymore.

Why you more optimist bitcoin will growing again to $20,000? look now how drop bitcoin price and touch under $4,000 and maybe will lower under $3,000. I think is not hope for bitcoin become stronger and higher price.

You can of course wait, and Bitcoin will arrive at this price again on a certain day.
But you can still sell them now and buy them back at a lower price to avoid more losses, this is also a trading method.
If you believe this technology should not be so concerned about the price, just hold your coins.
Obviously, you don't really believe this technology because you are afraid.

What is your source about this ? Who can tell if bitcoin can go higher than 20k$ or not ?

This story is already happened before.

the problem is there is thousands of coins out there .

You are wrong, i am not afraid ... it's my reaction when saying panic sell, or when i see peoples afraid because they lost their believe on this technology.

And at the end, they start criticism and spread a bad word about Bitcoin because they are weak !

That's good, I am not afraid, so I will not care about any FUD about crypto, and I will not advise anyone to sell them. In my opinion, I only need to stick to my own ideas, and the rest worry is superfluous.

If you can wait for a long time, it might worth to wait. But for other people it can be more interesting to sell cheaper than they bought, so they recover part of the investment and try to recover the loss with another kind of investment. And once they fully recover the money, they can get in Crypto market again, helping Bitcoin to rise again. It's a different strategy, but on long term it can help BTC too.

in my opinion there is nothing wrong with selling bitcoin even at a loss. but what IS wrong is when their reasons are wrong. for example when someone sells out of panic, or sells because of some FUD then that is wrong. but if you sell because you speculated a drop and wanted to have the money ready to BUY BACK at a lower price a larger amount of what you had before, then that is perfectly fine.

It will never go to $20,000 again.
It will go to $0

+1

They did not really believe in the technology. They just want a ride to Hawaii and they never got it.
They think they are wise but yet foolish enough to sell at a lower price just so they could get a little of their investment.
It is okay though, now their gone and what is left is the real believers with the bitcoin technology. Thank God it went down or else they would do worse than that.
Creating more USD and buying it back and forth making bitcoin as just a milking cow.

Yeah, you can choose to "believe" in the technology all you want and can hold or possibly even buy more. If you care about your money though you will sell.

I chose to believe in making money over believing in the technology.

I'm sorry you were hoodwinked into buying at $20k, but it is time to let go of that pride and recognize bitcoin for the failure it has become.

No worries , All of the btc miners will give up if the price drops below $1000 and it will kill the network.
You'll never see it at $100 ,it will shoot straight to $ZERO from $1000 and stay there forever. (Dead btc Network)  :P

The PoW tech being so energy wasteful is the problem that causes it to be unprofitable to mine.
PoW Tech is broken , only the foolish refuse to see that.

That is the past. Now or later it won't reach $ 20k and maybe even $ 3k. Smart solution is to shift investment to altcoin to get significant results. And return the initial capital.

We should not give bad hopes for them, at least the holder makes the bitcoin market not get worse. no matter how much the price goes down, as long as the development of bitcoin is still running for sure the price of bitcoin will rise again someday. if you have great patience, it's not a problem to hold it longer mate

I'm agree with OP. Even thought i didn't buy any bitcoin on $19k i'm still believe with bitcoin. There is no any reason to sell on this price

well, there's nothing wrong with such enthusiasm. however, sometimes people are more likely to seek opportunities than to hold back continuously. well, even though for now the price of bitcoin is declining, but this is a pretty good thing for new investors. this is an opportunity to buy at a cheap price, because so many people sell their bitcoin.

Then it is up to you. It seems like you are greedy enough and doesn't really apply any strategy about investing for not cutting your losses and the start.

Yes, there is still a chance to experience price increases. The price of Bitcoin at this time is indeed quite terrible, but we all know that the price of Bitcoin has ever reached 19K USD. For me, only people who are patient will get far better results. Waiting for prices is a top priority, the future of Bitcoin and Crypto is so good. So we will wait and get optimal results in time.

The problem is that most people who are not intelligent, buy ideas with real money hoping to make a quick buck to satisfy some material want for which they are not willing to work hard (physically or mentally).

Maybe it will, maybe it won't.

Perhaps one of the reasons that people are selling to cut their losses is because we've had an entire year of people predicting that bitcoin will massively increase in value before the end of June, before the end of July, before the end of August, and so on. These predictions have all been proved to be wrong. Why should anyone think that any of these predictions of bitcoin regaining value are likely to be reliable.

I and others who have said the same thing have been completely ignored. But, if you (meaning the bitcoin community) keep on making these predictions which are proved wrong time after time, then it's no wonder that large numbers of people are losing faith.

There were a lot of people who expected Bitcoin to moon again at the end of the year. As we get closer to the end of the year and it becomes more and more obvious that BTC isn't going to the moon, it's completely reasonable that people are losing faith and cutting their losses.

agreed and prices always go higher. Thats the rule of the world.  After all gold made a new high after 25 years. Real estate too may make a new high 20 years after the financial crisis.  Tulip prices havent made a new high but it has only been 475 years.

It's not as if anyone isnt optimistic,or hoping for a rise in the bitcoin,come to think of it,we all are bitcoiners and even If one trades on Altcoins,you still need the price of the bitcoin to boom, as it invariably affects the entire market..
The thing is most investors are really sceptical about this particular downtown,as they feel this could be the beginning of the end,thus in order to cut down on losses, they end up selling...
Hodling in my opinion is the best strategy for now, at least to the Q2 of 2019

Because for me thats the trust that bitcoin needs from us, actually I dont see this as bad thing but I see this as a good opportunity to other people to invest more, imagine if you invested more instead of quiting and selling on its lowest price this year you can earn a bigger income when things go back to normal.

Well I must say I am moved by your resolve and will but bitcoin would take some time before it can get back to its glory days again. The prices are fast dropping and the situation is not as it was before

I went in on 18500 i know its not funny. But there are things i have learned from trading and it is to sway with the market. I sell and buy lower but just like you those that i bought from a certain price i wont sell if the price will not go higher that the price i purchased it. So buy when it is low and keep track and sell those that already gain some profit and hodl those that is still in paper loss

Everyone is free to invest, they have the freedom to buy and sell their assets. When they sell below the purchase price does not mean they are wrong, maybe they want to start investing in other crypto or want to take advantage of every reflection when the trend conditions fall like this.

Yes, at this moment the price of bitcoin going down. I don’t care about it because I believe today or tomorrow bitcoin price will reach at 20000$. I think who sell their bitcoin now, they don’t really believe this technology. I am not afraid and I am holding my bitcoin. I will hold it for a long time.

well, I will not sell bitcoin under $20.000 because I have full faith in bitcoin it will go much more beyond that.

that's your decision, I will just keep holding.

I think, if you sell BTC for good interest, like to get a victory from a BCH battle like today, then that is a good decision. the whales control the market and they are free to control every market development. the  wrong is selling BTC for an unimportant need.

I will not sell my remaining Bitcoins, instead, I will buy more when it touches the $1000 mark because I believe Bitcoin price will soar high next year.

If most thouht like you then we wouldnt see this BTC price but we see this as many selling in panic and most of them are people who always say ''would like see BTC under 4000 to buy more".

We have many very young and inexperienced people here.
They sell in panic, afraid that they will loose much more if they don't sell now.
Obviously, it will not help them.
Smart people know how to wait and how to make profit even when market is down.
They sell when everybody buy and buy when everybody sell.
People should understand that any investment in the market is risk.

You should really check Bitcon's history. This is one of those times wherein Bitcoin went on a huge fall. But after every fall it came back with flying colors! From ATH, Bitcoin is now about 81% down. Bitcoin does this really as shown by its history. Recovery does not come immediately but gradually. Again, history will show this. Also many of the experts (Like Thomas Lee) are still very optimistic about Bitcoin despite of the market bloodbath! So I don't see any reason for negativities.

I will definitely not sell if I purchased during the ATH! I just don't see the logic in that. But if I purchased prior to or way before the ATH, then I may be inclined into selling for obvious reasons. As for now with the current market situation, I see it best to be a spectator for the meantime.

Buy Bitcoin at a high price because of FOMO, and this always produces a chain reaction. You can make a lot of money if it goes up and accepts losses if it goes down. When Bitcoin goes down the investor starts to panic and worry that it will not be able to go up, so they sell it all.

Tulips were once in today's terms worth over $100k for a single bulb so good luck holding out for 20,000 a coin
because you are going to need it but it won't drop below $0.10 per coin since we have suckers living in hope of
tulips becoming worth a fortune in 400 years time.

Hey bud, wanna buy some Dot-Con shares do ya !

for those who did buy below $20,000 per unit of the bitcoin price, i can understand when they say they are not going to sell below the price as it is a huge loss to them and their investment portfolio. i for one will not try such. so i say they should not. but if they do not believe it has any good to  

Your point is logical bro do not sell at a loss. Already price have down below 4000$ it means the situation worsening day by day but do not worry and don't lose your heart bitcoin will turn back soon. I also personally think we are most probably going to have another bull run within begging of the next year so stay patient.

People get panicked easily and then they make reckless decisions. That is the one reason and the other is that some of them have invested funds that they actually need and can't wait long enough for price to recover.
Anyway, I can understand all these reasons but I wouldn't suggest to anyone to sell and suffer the loss, that is the worst thing you can do.
Maybe currently doesn't look so but the price will recover, you just have to have enough patience.

I don't think so basically it depends of your mind because Bitcoin price unstable,so anytime Bitcoin value going to up or down.but I understand if you have bought Bitcoin have been price before 19k$ then you can't sale because it loss moment for you.so now you have waiting days,month or year when again Bitcoin price going to up and cross 19k$ then you will get more confirmation profit.

Sell or not it depend on people decission themself and we can't force people to hold their bitcoin but it's difficult to not being panic if we see the price suddently fall and that's why hold advice will not working good for some people even some of them are more likely take the risk of loss with sold their bitcoin

I didn't buy bitcoin for 19 thousand, and not even for 10. But my opinion coincides with yours, I don't intend to sell bitcoin in the near future. I think we will have to wait a year or two.

Those who understand what bitcoin is all about will not sell under  $20000,but some noobs may want to  sell at small profit or even sell with a huge loss.These are set of people that buy because the see other people buying .They don't have focus and trading plan.They don't even research on past records of bitcoin to see that correction of the bitcoin market is unavoidable.
For me ,I believe bitcoin will open the global financial order ,and I will hold till I see bitcoin adopted by masses .I will hold till I see bitcoin integrated in all the payment system in the world.The same way big companies are spending huge amount of fund just to move their buisness on blockchain is the same way they will integrate bitcoin in their payment system.

It's really not Easy because not everyone has the knowledge and details understanding of bitcoin,  it's technology,  it's wars,  use cases,  and price actions. If all these are well understood,  then there is really nothing to panic for. And also most people sell for loss because of so many reasons which I can't blame them for. Let every just know what they are ingesting into and believe in it.

I am a long-term investor so I will hold my cryptos for a long time. Anyway, regarding bitcoin trend, there is a trend line of April 2017 in the region of 4,100. The reaction of the BTC USD under this region is that it will determine if we will have much drop or not. If it breaks this line we have the first target in the region of around $ 2,975.

Bitcoin is now falling dramatically in price and it makes no sense to sell now. Of course, it is not known what will happen next with the price, but this is the strongest coin in terms of capitalization and there is a great hope that Bitcoin will grow in the future.
 

I also think that the prospect of bitcoin can become real even despite the difficulties it is experiencing today. Therefore, I also like you will wait for the price increase and will not sell it.

I also do not understand people who are now selling their coins because you are losing huge money

People who bought bitcoin for $ 19 000 is difficult to control their emotions and especially those people who bought it for a large sum ! I think that all??? not worth sell on today's price !

Yeah, its their money and no one can force them what to do. If you bought bitcoin on a higher price then solding it right now can give you a big loss, so if you want not to lose big money better to hold on it. Panicking is one thing, no one is not panicking its normal, but we must not make any decision that is base on the market emotion. Let’s still have some hope in this market, let’s be more patient and trust bitcoin again, I know $20k is still reachable in due time.

I would not be so sure that the cryptocurrency will be restored in the future and that Bitcoin will again cost $ 20k per coin

if BTC goes to $ 100, then our choice is to buy.

people who buy BTC at a price of $ 19K and sell it below $ 19K, then there are several factors that influence him.
1. panic
2. Do not have a community, and they never received guidance from other team members.
3. has a negative assumption.
4. he is impatient and I think urgent needs can be part of his reason.

If BTC goes to $100, you can lose HALF your money if it goes to $50

If anyone sells bitcoin under 20k dollars, that is their choice at that time.They must have their own reasons and considerations.As we know, bitcoin will always fluctuate quickly. It could be tomorrow or the day after, the price of bitcoin will rise.

the real traders and investor are like this, they never sell their investment before reach their target, you are right and in the right move, but if you see the price dropping more and more, it makes the traders and investors want to sell their bitcoin, to cut some losses

Are you sure you will maintain up to prices above $ 20,000 ?. I sell because I need fast money for sudden needs. I often make cheap purchases and sell when prices grow.

you are too busy with price-oriented, so you are stuck at the price itself, try a deeper exploration of bitcoin, blockchain technology and cryptocurrency, then you will get more benefits than your expectations
the existence of trading is intended so that everyone can be attracted to bitcoin and want to try the technology adopted by bitcoin so that it can be implemented en masse

The value of bitcoin can require a fast or even very long time to reach 100k or even 200k. To always get a profit, we don't need to wait at a very high value and then sell it. I will continue to use this principle in managing mining in dibitcoin, being able to buy a little and buy again will be a process that is always there in mining in this bitcoin.

Because we are not sure whether it will raise again or not, the price may go down to 3k$, i don't think they can wait more.

things like this that can destroy a business, are too optimistic with targets that can be achieved, we should see the facts that are happening in the field, indeed working on bitcoin can go up as we want it is very good, but we also have to see the potential, is it something like That can happen, otherwise we can start trading by not targeting too high, provided we have gotten lucky I think we can sell, so we avoid huge losses.

I agree with you, with the decline in bitcoin prices today will eliminate some people who are skeptical of blockchain technology because we don't need people like that.
keep hold and believe will produce real results.

Actually, I do not believe in technology, but I believe in profit, so I buy low, I sell high

that is the characteristic of a good investment it will fluctuate over the period of time, if people dont have trust then they can leave they will just destroy the market that when the price drops they will sell even it is normal they should trust the process that the price will be best over the long period of time.

Though it might seem quite unlikely, bitcoin will rise again!
It might not be 20k ,but it will, and then the same people who are selling their bitcoins at a low price will regret.
Bitcoin's cleaning period has been on for the whole year.

I'm not holding much bitcoin but I believe it will surpass 20,000k because it always improves  looking at the past bull runs so I expect higher price so why not juts hold on? Iguess we have too many weak people investing in cryptocurrency ,we need strong investors

Profit comes after when the technology booms so you are forced to believe both.  :)

I feel the pain for those who bought during $20,000 days but its not the end for you, bitcoin is the most interesting innovation in the world currently and there's too much talk with it. Hold on and you'll get to see higher price soon.

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You are doing right, I think if every holder thinks that will effectively stop dump bitcoin and the panic will not continue to spread, this is a very good proposal.
For those who buy Bitcoin for $20,000, the only way to recover their losses is to hold. If you lose patience, the loss will never be recovered.

I absolutely agree with you. I think that this time is not a good time to sell, the price is not good now.

Its others peoples choice and they have their own reason. Some people doing trade and cutting their loss and some people prefer hold their coin for long term. But i do believe bitcoin will recover again and reach highest price

mostly selling on lower price is traders. they want to make less of their losses. its part of the trading method. though it is not affecting much to crypto holders. it will come back to its glory days.

I have no doubts that everything will be like you write here. The only one "but" here is the time. No one can guess when the period of the crypto growth will come. Do not sell BTC and wait.

In real life, this logic seldom works. Because we don't know how far a spike can last or how much lower a drop can go. Buying low doesn't mean that you can catch a falling knife with bare hands.

I strongly believe that we will see ATH but I don't think your strategy is worthy. You would rather sell at $7k and buyback now, which one is profitable? Well, we may not know when the price will be lower or higher. But if you follow some active threads here, you can easily guess what is going to happen. thus, you can lessen your loss.

I think you have to survive for a very long time to wait for an increase in the price of 20k. Maintain your belief, nobody knows the future, and when bitcoin reaches 20k, you will be a very lucky person.

In this time trading and holding both is very beneficial, so if those people have high knowledge about trading they are really doing a high profit because nowadays the bitcoin price is goes to up and down very quickly in this way many trader recover their loss, and also if those people hold their bitcoin they are in benefits because there is no doubt that in the world of crypto after a big dump there must be a pump very soon.    

Don't know what to say, but i'm partially agree with OP. Why sell now for such low price if the bitcoin was bought at 19,000$ ? If bitcoin was get in other way than buy then is possible to sell now, for this who got paid in bitcoin for their work, but if people buy on high and still hold until now better still hold.

the needs and frustrations that make them do that. maybe because they have very important needs so they are forced to sell the bitcoin they have, or they are already frustrated with the market conditions and they are afraid of experiencing greater losses.

That's a huge loss if a trader bought btc at that price of $19k, and currently we've experienced massive downfall. If we remain holding those coins we might be able to recover that loss in case bitcoin will bounce back to that price or even more. But for now patience is the best tool for that scenario.

this is very funny, in my opinion most of the dumper are not those who buy bitcoin at the price of $ 19k but this is a game of price and the market is being manipulated.

everyone has different conditions, so when people sell at a cheap price, there will be a reason. well, maybe you don't have an urgent need so you can still hold the assets you have, and wait for the price to be even higher.

It is true that for individual cases everyone has different financial consideration and their problems. So accordingly they take decisions even at times when they know it is better to hold than to sell but immediately when some one require money need to sell the coins and suffer losses. I hope atleast people do not sell in panic mode which could lead to further problems.

Your right, sometimes, somebody has a reasons why they sell their holding bitcoin, but mostly the reason is to cut the losses, but how about those people who dump their bitcoin just because there are some important thing to go first than to take a losses or benefits in the future.

Obviously they will not send BTC less than 20000$, in other words you can say that if price of BTC is around 4000$, it is due to those people who are not selling their BTC. Only those people will sale their BTC who have earned good profit in trading all the day or they are part time trader/investor. Those who have faith in BTC they will not sale. How they can bear such a huge loss.

They never believed in the technology, those that bought that late did it because they thought the price will go up even more, I do not have much bitcoin but it is obvious I bought earlier than that not because I am really smart but because I liked the technology and decided to put my money in it, so those that are selling are doing it because they were here for the money and now they are panicking.

Panic selling is name of speculation which checks the power of bull-bear side. Emotion control is underrated by crypto traders because volatile markets force them to take decisions really quick. That's how whales can "edit" price charts with avoiding whipsaws in cryptocurrency trading.

To those people who bought bitcoin at high price are no choice because if they sell their bitcoin they lose more but other people who bought high price even they lose a lot of their capital they will sell their bitcoin to cut more loses that they think.

That's the problem if you don't have trust on btc. You only invest during hype and doesn't want to be in fall. They don't know fall was actually part of it. They thought they have lost so much where in fact, it's not. The value has gone down but the coin they are holding has the same amount.

I do because I need to eat. You are forgetting one eternal truth; there are more people involved in bitcoin than just traders. There are people like me who live their lives with bitcoin and earns bitcoin and spends bitcoin and so forth.

Hence, there are still a lot of people who sell their bitcoins at 4 thousand (same people who sold at 20 thousand too) because they need to cash out to pay the bills. For example, there are lot of companies like Expedia who accept bitcoin as a payment but I doubt they keep that money as bitcoin, they probably exchange it to fiat right away. Hence, there will always be some people who sell their coins right away to cover the expenses.

Biggest is probably miners who have to keep selling to pay the bills. That is why there are people who sell under 20 thousand and will always be there to sell whatever the price is.

Technically they do not have a choice, they should know that selling now basically means that they will never recover the money they lost in the market, for me that is unacceptable and I will keep holding until the price recovered but those people do not really have the patience or the will to keep holding their coins so they sell despite knowing that information.

Yes, indeed there are still many people doing panic sell because the price of bitcoin has dropped dramatically, this is still often the case. I agree with you if we buy at a high price, it should sell when the price is higher than that, so it will make a profit. If you buy when the price of $ 19K and sell at this time will certainly be very loss, so it is better to wait for prices to be above $ 19K. This condition can be used to buy bitcoin, because prices are going down and when prices rise will definitely get a big profit. I agree with what you say, if don't believe in this technology it's better not to buy again.

Yes when the price of bitcoin is down people need to not sell till it if they need money in urgent and i see there are some people who invest their some portion of capital in bitcoin and save some portion in case of any emergency they use it  and I think this idea is very better for them to hold their bitcoin for long time.

I guess OP was telling the truth.

Dont sell at $100 (after holding from now till then it'd be fairly pointless) unless you bought at 200 or similarly were trying a trade that didnt work out.   It is reasonable to trade, if you can predict a price fall then take the sell and rebuy at the lower price.   I dont regret so much my sales as I do regret not buying much later after we had settled into a good trend.   Big example I sold autumn 2016 and I observed a series of rising lows during the winter start of 2017, this is a fair time to buy into BTC and in retrospect I could leaned that way and regained the BTC I had previously.  I sold the BTC because I needed the money genuinely, most people will sell to meet bills so thats normal but also I could have rebought far more then the small hold I built in Feb 2017 so I hope to remember this example  regarding this thread topic.
 
    I understand your perspective is to stick it out no matter what, to release your grip would mean you would be unlikely to take part as much or at all in future.    In this respect you would fear the higher prices as making it more difficult to swallow your pride and take part in that future BTC market.    My take is to consider crypto market like every market and graph price action and so on, without being too wordy I'd say its not wrong to buy at the higher price then you sold at.  I would salute anyone who can handle their emotions, regrets and basically human fallibility to consider the trade at this future point in time and calculate its odds of a gain without bias to your past experience.    This is kinda of the learning or experience I try to build up when I trade, I hope even if I dont profit I can gain the lesson and progress in better trading.  

Not only needs but they found a good coin to invest and their only option to buy these coins is selling a portion of their Bitcoin but is not that they are losing trust on Bitcoin, because Bitcoin have proven that they are here to stay for good and whatever happen Bitcoin should be the priority even after we made profit from other coins.

An interesting topic to dig out of oblivion)
I wonder if there are many such holders (I mean the owners of serious amounts - it is very easy to hold an asset if in total it costs minuscule) and how long they are really ready to be in a drawdown. After all, if we take the price from the maximum, take into account inflation, then the losses are still very big for those who invested at the maximum.

but we have to understand that bitcoin has been a long-term investment, but in recent months it doesn't seem that bitcoin is like that. precisely at this time bitcoin is a short-term investment, has fluctuated several times from $ 12K to $ 9- $ 10K, if anyone can be smart about it then he will profit. Bitcoin is now very unique and adds interesting and analysis so many mistakes.

You are confusing speculation and investment. Investors are not interested in short-term movements - you can make money on them only if you are a psychic or you are just lucky at the moment. Long-term goals are much better predictable, which is why most investors operate over long distances.

Who would have sold their tokens after buying at $19k? That was totally a mistake and definitely a loss. If you bought at that price and the market price is below it then you have no choice but to wait until it recovers and gets a profit from it. You could also take this opportunity to buy and accumulate more so that by the time the market bounce it will be a huge reward.

Agreed. You shouldn't enter this industry if you will just panic and sell cause that will only bring you a big loss.

Most of them says that but after months their belief starts to fade and the fire is turning into ice,so suddenly they sell and starts to be disappointed.
this is the problem if you don't really understand what investments you are entering.
though i think is fair enough if you are in need of money or willing to convert investment from Bitcoin to real life business,
The things will change because it is almost 3 years now when the price of Bitcoin take the Highest value
but until now?never get closed to that 20k level of Bitcoin.

When it comes on holding for too long then this would really require that strong will power and discipline on not letting yourself overcome with panic and anxiety or being stress out seeing the price
haven't able to cling up on the price your are anticipated.

I doubt that majority of people who do bought from $15-19k price had already sell out their stash when price is crashing down.I would not be surprised since we are just human on which
we are really sensitive when it comes to money specially if we are seeing that we on the negative side.

That’s the real optimism.

It won’t make sense if you don’t believe on what your buying, common mistakes why most people lose so much in crypto because of their negligence to do research. People who had more knowledge and patience are the one who could rip the benefits.

You totally forgot to those people who had been wrecked down by total shit coins or projects that doesnt really able to hit up their target or just simply became a scam.Selling on panic does have some its pro's just like what other people been saying but this wont really be applicable on projects which are really worth to hold  for long time but your patience
would be tested out when the time had already long passed.Its impossible for someone not to think of those what if's questions on mind that what if the price wont recover?
what if the price would move or increase on next 5 years? For sure you would have those kind of thoughts.

It is an excellent thought, worthy of an investor, at any moment the bitcoin can rise to more than $ 20k, that is a fact, it is not known by what date. In some cases, there are people who couldn't wait and sold below $ 20k, which panic took effect, for now what's left is Hodl.

I won't sell either. For me to sell, the price has to pass the previous ATH. I don't think I'll sell just when it gets to 20.000$ I'll wait of for a price a bit higher but not much. I plan to sell small amounts as the price goes up and that way I will always stay invested, having an equal or increasing fiat equivalent.

If bitcoin will never reach ATH, then you'll continue to suffer losses. The market always fluctuates all the time, take advantage of it to cover your losses without even waiting or hoping for ATH to be reached.

While this could be a good general advice, telling people to do it when Bitcoin has begun another bull post-halving cycle isn't such a good idea.

If you bought near the ATH he time to sell was when Bitcoin fell below 10 thousand USD in 2018 and later again when it broke the 6000 USD support. If you did that you'd be able to buy near 3000 a couple times then again at 4 and 5 asll the way up. Selling when we are over 10 is a bad choice.

Bitcoin's price fluctuations will always be a mystery...
can you guarantee that the price of Bitcoin will never return to ATH?  otherwise you shouldn't judge the OP's decision!  The market always fluctuates, that's true but Bitcoin price cannot be predicted accurately, maybe next week Bitcoin price will break to $ 50k or even fall to $ 5k.

No one can truly say if bitcoin's price will reach or return to ATH because bitcoin is still unpredictable due to it's volatility that makes the market fluctuates. It is why it's your decision if you would sell your cryptocurrency below or above $20,000, but for me I would hold all of my bitcoin until it reaches it's new ATH.

Let's see next year, history proves that a year after the halving there is a new all time high, let's see if this year will be no different or we will become disappointed and Bitcoin will turn to another direction most of the prediction that we are all reading are another all time high is looming.
the only issue is the time line because so many people do not have patience.

People changes their mind and changes their priority especially in investing, investors are flexible they never say never and that's one of the rule of investing, if you sell Bitcoin, that does not mean that you don't want it anymore, there are a lot of reasons why people are selling, they want to make profit so they can buy more when the price make a dip, or they need money for emergency but will return their investment, it's not that they lose faith.   

When we talk about ATH, we must take into account not only that value, but also the accumulated inflation. If we make this amendment, then I think that the current ATH of bitcoin is now somewhere in the region of $ 22k. This figure will grow every year.

 i believe on btc's technology but i just dont like buying btc . people that believe on the tech behind btc do also buy and sell at the same time , no reason to be angry with them . i like what you are doing now but dont be like others that cant stick on thier written plan . by the way how much money did you use to start investing with btc . its okay for you to hodl till 100 usd because maybe you bought your btc within 300 or 400 usd range   . when price fall below those lines people that bought at 19k are already loosing alot  . thats why they can act differently

Sometimes we should take some risk. Buying btc is really a good investment. If anyone buy bitcoin in dip, able to cut good profit. But patient is  much more needed here.

You need to know what specific position to place your investment. And you are right you need to have a lots of patient if you are planning
to invest to this venue of business.

Learned all the information and sets your plan goals, you have everything if you are really aiming to be successful from this industry.

Keep in mind that you always have the option both long and short term investment have corresponding results.

When dealing with investment then proper planning is a casual stuff since you know that you do risk your money to earn profits then proper planning would be needed not just on making investment just because you do
hear someone nor do suggest on buying that because it would grow into the future and make some tons of money which is really a wrong mindset to have and kind of believe and trust to someone.
We do have our own goals and targets in life but those are subjective to changes because of lots of factors like sudden price crash or fomo's etc.Some do consider on selling when they do gain a few dollars and some
do hold in spite of the gain and go for more or much higher price that really do convince them to sell or would make them contended or satisfied.There are lots of ways and it depends on the person
on when he do make such decisions.

My friend bought bitcoin around $18700 in December 2017 when bitcoin witnessed surge in pricing. I can still confirm to you that until now he is still holding with the aim of sell above $20,000. Bitcoin will still get above $20,000 but when that is going to happen is what we did not know.

The panic sellers face the loss. I won't suggest anyone to sell his coin if he bought it at higher rate and now the price is lower than that time. Agree with OP, just hold your coin until it goes up again. I have invested also while the price was up. And I'm waiting for the good future. I believe it will be up again.

Why would i?because i want to profit and waiting in this situation will not bring me any so i choose to sell when the price grows almost $13k and now i bought again recently when the price subside to below 10k for a while.

Yeah Holding is the Best way to keep safe and profit but in this chance of time as pandemic brings more trouble?
i need to make money and selling at high and buying low is what i did.

It takes patience when buying bitcoin in a high enough price situation and is now experiencing a decline, there's no need to panic and I agree with that. because if we buy, because we believe that bitcoin will increase. need patience because there is a process to go through but I am sure bitcoin at the end of the year will reach $ 15K and will not stop until next year will continue to increase.

We have our own goals, we have our own purposes.

What if he sold lower than the price he bought his Bitcoin because there is this emergency that he needs to tend to and he wanted to use the money? There are reasons that we don't know and I hope it is not just something they don't know. I will hold since that is how it should be and I will sell if I wanted to but that doesn't mean that I wanted to lose my money but because I needed it and I reached my goal and I am not talking about all of it.

There are some situation that Panicking is legit mate and don't just look in the bad side.

Like for example You have make a researches and in your perception the price of Bitcoin will fell down badly like what happen last march.
 don't you think you will not Sell to buy again in deep?

price of Bitcoin that time fell from $9,000 to $4,000 thats a great chance to sell and buy again right?

so better look in both areas if the panic is for bad or in good.

If someone sell his coin by proper technical analysis before the price goes down and buy again when it reach deep is not a panic seller. And if I get the opportunity I will do it too. But if anyone don't have idea about the price movement and sell his coin with panic, won't going to buy while the price will reach deep. Without observing the price always I prefer to hold with hope.

But not all the people have the patient to wait, they should if they are uncomfortable withholding their coin and it's become a source of depression if you bought on all-time high and you still holding your coin, congratulation it'snot really this easy since you have waited three years already, you just have to wait a little longer in a year time you will make a profit and your patience will be rewarded.

Everyone has the right to set its own limits at what price to sell. However, you might wait quite a long time for Bitcoin price to achieve 20000$ although it's good that you probably have enough patience and therefore you are not one of those who will be tempted to panic sell. I hope that sooner or later you will be rewarded.

This is an old thread but it still resonates with the current time. I won’t be selling anything under the ATH either & why would I. With traditional fiat currencies tumbling bitcoin will moon next year.

Do not sell yourselves short!

We all do have this limit when it comes to pulling our investment, some says that 10% is enough some says 20% and so on, but all of this should also depend on the market situation, just take a look at the market right now, with so much DeFi on the run bitcoin can barely reach $12K. I also expect ATH this year, but it seems impossible as we go on the end of the year. I'm not trying to spread some negativity, that's what I just see.

Short term trading with bitcoin is better to make profit than just holding actually, but the risk is higher.

In your case but not for everyone excluding to those people who had purchased coin in high price and had already panicked sell due for them to believe that price wont able to recover.Some wont really have that strong will and discipline to hold up their assets.Some do find it simple but majority would really be on the struggling and stressful side.We do have our own targets in life and on the price on where we do sell.$20k might really be
still a long far stretched target to wait on thats why i cant blame for those someone who do tend to make out decisions on selling on panicked and did tend to involved or deal with moving lower prices
and do make trades with it on a least to compensate the loss that they had committed.

that's fair.. but:
1) what if price never touch 20k again?
2) you are losing the opportunity to gain something via trading (i admit not everyone like to trade)

my little and obvious suggestion is to not move 100% in single moves, unless you have a very small bag

No one force you to do so,but remember that "Buy Low Sell High" is best way to make profit in this volatile market.

Why continue to Hold when you can buy in lower value?

the market experience a Drastic dropping so better sell before that then buy when the bottom has reached.

Most of the time reality will be opposite to the expectation. In simple, people hold for a long with patience, but close to the target the price starts to decline. This makes people hold bitcoin and other cryptocurrencies for a much longer time period than predicted. Always it is go with earning between the market fluctuation, because we don't know when the price is gonna reach its ATH and what is it's new ATH.

In fact, in the past few months, the short-term investment factor is clear and it is feasible to sell it when it reaches a reasonable price because it will rise again in a moment. this has continued to happen and many may not take advantage of this opportunity. but when it reaches the $ 20K mark I don't think to sell it because the sign of going higher will occur.

If there's to be a reason for speculators to have any say, there probably requires a basic market involving holding BTC and this is true, BTC is valid to hold to the surprise of 99% of the traditional finance world.   We definitely need a base use for BTC before all these ideas of speculating on price can occur.   If you hold BTC you can be involved with various business that will use BTC as capital and cashflow for their operations, most obvious example is gambling but there are other businesses also I think.
  I wouldn't criticize anyone for holding when I rely on BTC and its multitude of layers to exist and compliment each other in order for me to have some chance of speculating and being correct in a trend.   Its totally valid to hold and I hope that continues to be true or we're all worse off fairly sure.

During that time people are assuming the price will going to increase consistently thus they buy even the price is expensive. Unfortunately it go down slowly without clear direction, just a pure volatility. Its a sad scene for investors who bought during ath, and to save themselves for further losses some of them chose to sell and quit. You cant blame those who decided to already sell at loss, they have reasons. We always advice to buy low, sell high but for greedy people, they will buy regardless of the price as long as the market is on uptrend status, thinking its the right time to engage themselves in crypto. For me i'd rather wait and forget the market or a while to refrain myself from selling at the wrong time.

Bitcoin continues to rise and will do so in future as well. It could be in short time we may see a good couple of thousands dollar rise suddenly and in that time those who had already sell may regret later. Unless those who are only for short term it is different story else for long term just continue holding it unless require money on urgent basis. We will see it crossing even 20k mark.

2 years have passed and yet BTC has not returned to $19K usd. So those who sold their BTC did the right choice if they needed that money for something else. Also, it would be better if those who bought will keep on trading as BTC price goes up and down frequently which gives better profit. Is there anyone from this thread who bought BTC at $19K? Anyone? I would like to find out how are you doing now.

Don't worry mate,you are not alone  ::)

i will never sell my Bitcoin and couple of altcoins Until bitcoin reach the highest value again.

i have nothing to lose now because all the money invested inside my wallets are those amount who comes from extra income and being invested for a chance in future.

If lucky i will become a millionaire( in our own denomination) when that right time comes.

And what an exit point you have set for yourself? 25k? 30? 40? Or they are much higher, judging by the fact that you want to become a millionaire and if you presumably have not invested hundreds of thousands of dollars, then you need more solid X's. I'm not trying to guess the size of your investment, I'm just wondering what level you think is adequate to get out of bitcoin.

If we want to sell over $20k then we should wait some more time. It is not the right time to reach $20k for bitcoin. For this price, bitcoin has to cross its all time high.

I think that's how the bitcoin market work.
If you bought the bitcoin just hold them you'll never lose your money until you sold your coins in panic.
Always remember you'll only earn the profit if you have great patient a long-term investment can give you a profit and a bitcoin has much potential. Just wait and watch the game.

If the prediction of the Halving is that next year bitcoin will reach its highest point which is likely to be 2x or 3x the current price of 2017. You need patience because bitcoin has seen it want to go through that by several times penetrating $ 12K, and it is estimated that by the end of the year it will reach $ 15 K. then in 2021 is the time for bitcoin to show its might. don't miss the good times that will happen.

I, too, have the same opinion, and besides, in 2016 I was very skeptical about the predictions of a bull run in the cryptocurrency market. I believe that the current situation in the cryptocurrency market does not favor positive forecasts, but many features of the current economic crisis, including the fall in the value of national currencies, will positively affect the cryptocurrency market and bitcoin performance. In addition, given the indicators of past halvings and their impact on the Bitcoin exchange rate, next year will be historic for the cryptocurrency.

BTC price is now stabil. Between 10-11 000 USD. It will never move back to 19 000 or 3 000, because the price is under control of biggest miners conglomerate that is making millions daily. 

What are you saying! Though bitcoin price staying between 10 to 11k usd range for months but it doesn't mean it will remain at the same point. There is low possibility that bitcoin will reach at 3k level. But it may cross it's ATH price if another successful bull run happen. 'Never' word isn't suitable with crypto price. And the miners aren't controling bitcoin price.

Indeed, that's what should have been done about never selling at a lower price but sometimes, cutting losses is one way I can re-buy other assets that have the potential to make a quick profit. I am sure, if you bought it at that time or were close to the ATH value, at least it was FOMO that you were not aware of and if it did, at least you would not be willing to hold on for the long term so panic buying and panic selling is quite possible in such situations.

It all depends on circumstances, you might sell lower and catch up elsewhere. Those who bought over 19k close to 3 years now could have recouped their investment if they sold when the market moved against them and repurchase back at $3200. The margin is too wide.

I think I said similar before but this chart shows it well enough, the area around 10k is more of a big deal then other prices and we've just exceeded any previous high long term area.

https://talkimg.com/images/2023/06/12/AhTrI.png

So it should not be taken that BTC is under any negative at present, its actually very bouyant and against the overall GDP growth pull backs and virus restrictions in economic growth Bitcoin is doing better then it should normally.   Mostly I attribute progress to easy money policy and general crypto development though its slower then many had hoped would be the case.   Long term averages are a bigger deal then peaking prices which put many off where as general appreciation is an encouragement even if we were to pull back for the rest of the year its likely still gaining overall.

only stupid fool will sell His coins at losses,though there are chances that in desperation that needed a money they tend to sell even how high they bought the currency.

Remember the magic word in crypto trading that "Buy Low,Sell high" and not buy high sell low .

so never sell unless you are desperately needed the cash.

Did you bought bitcoin higher than $19,000? Seems that you are very positive that bitcoin will went higher than $20,000, dude it's fine cutting your loss.
Honestly I rarely read about some people who bought bitcoin when it reached new ATH for hodling investment.

For me it's a bad idea given that bitcoin could go down again.
You can sell it if you want your loss to cut, buy it again on much lower price then sell it when you're comfortable with your profit.
It's not late, you can still learn and have a better decision.

For now, do not require money so holding is the best option and market have slightly picked up and reached 10900$ and soon we may see it nearing 12k levels too. Wishing that it reaches sooner and keep rising and by year end atleast be near that 15k price mark. This will help many holders who had being waiting for this rise to happen.

it took a long time to get to $ 20,000 again, if you count it,
it's been 3 years that the price of Bitcoin is still below $ 20,000, and it hasn't reached the new athmosphere,
maybe it's time for Bitcoin to wake up and show the world that Bitcoin is one of the best assets for investment

If we take into account inflation, then in order for investors (those who were unlucky and invested at the peak of the value of bitcoin) to return their investments, bitcoin must reach a higher price than ATH. I think that for three years this figure should be ATH * 1.03 * 1.03 * 1.03 (I assumed that inflation was 3% per year).

Mistakes are inevitable and you cant really blame out those people who had been too optimistic into those times where they do still believe that bitcoins price would go higher.
I highly believe that majority had already sell up their stashes yet we've been waiting for almost 3 years for the entire market to reach up again those peak prices.
It would really be just few for those people who do still wait for them to sell out or break even into their investment.For sure lots of them had already sell out and did engage
with bitcoin in this current prices and do make out money at least to compensate the loss that they had.

We did not just want it "to wake up" but to remain alive since bitcoin was never at sleeping! Those that buy at $20,000 over estimated bitcoin and many of them did not referred to the history of bitcoin price movements. I think this year we might see another surprise in good price again.

there are only few who bought from that level because the $20,000 value did not stay long ,it fades away in a matter of time.

I rather wait for long time than to sell my coins in losses .

i will buy more now that considering selling in this value.

Bitcoin will reach that high again,if we can wait for a little more time.

Whomever you ask about bitcoin, it can be person who have known well about bitcoin or it can be a person who has got some basic understanding about bitcoin and other cryptocurrencies. The answer will be, it is highly risky. This term gets used much because of its market fluctuation making deep rise/fall in value in no time.

I personally experienced a massive loss during the previous bull market when the useless projects too peaked in value. Myself kept a target and kept hold and the market crashed which made all my holdings wasted. So rather than moving with target it is a good choice to move decision along with the market change.