Why I'm Not Ready To Sell My Bitcoins

[exstasie]

In the end, I don't focus on the peaks, I sell them.

How would you know where the peak was? I sure didn't pretend to know back in December. I just knew we were in a bubble. It could have peaked at $10K or $100K for all I knew.

It wasn't obvious until the crash to $11K third week of December. Before that, it could have just been yet another intra-week correction. But once we crashed, selling the peak was obviously impossible.

Anyone selling at $20K was just lucky. They may as well have been calling the top at $7,500 like Tone Vays. The same goes for calling the bottom at $3K. We'll only know long after the fact when the bottom is in, after price has risen considerably.

[BitHodler]

This is the time you should be buying, not selling. The Mayer multiple is as low as 0.69. (The average is 1.39) If you are selling now you are basically burning away your money.

Hodl and buy more.

It's a good time to buy till it no longer is. I'm quite conservative when it comes to the current market and the sentiment around it. It's easy to mistake stability and temporary up movements for trend reversals.

I want to see the price close above the previous lower highs, and that consistently to confirm at least a potential start of a trend reversal. Currently we're not there, so we have to be patient to see where the market is heading to.

People thought $6000 would be it. It was the ultimate bottom. What they don't see is how the same support levels were tested over and over again, which generally speaking, is a very bad sign....

[BrewMaster]

if anybody is afraid of bitcoin's future just because price is not rising these days then they are so dumb and it is best that they sell their bitcoins as fast as humanly possible. and they should not stop there, they should never make any kind of investment in any other asset either.

because that is what happens to any asset. it is never going to be always rise. there are times that we see drops and there are times like now that we see stability and accumulation.

[WinslowIII]

Honestly, it is impossible to know how price will be and I am undecided about it. Currently, the most necessary indicator that can predict the price can not help. And considering that this is cryptocurrency, do not know when it is going to be okay. I also think the price will be better, but I do not know when it will happen.

This is a nonsensical post. Prove you aren't a bot by replying like a human would.

[Juggy777]

There are many reason why i'm not ready to sell my bitcoin. First, I do not want to cut my losses and once I sell it I will lose huge amount of money. Second, this current situation of market is not good for selling bitcoin. Lastly, So I will wait for another bull run that moment I will sell my bitcoin.

Hey it seems majority of the people here on the forum are holding their coins because they know if they sell now they’ll incur looses, which is true as we all have brought it at different price levels. I believe current market situation is an accumulation phase, and hence we’re witnessing good amounts of buying. I feel everyone is waiting for the next bull run, but what exactly will trigger it no one discusses that.

[WinslowIII]

There are many reason why i'm not ready to sell my bitcoin. First, I do not want to cut my losses and once I sell it I will lose huge amount of money. Second, this current situation of market is not good for selling bitcoin. Lastly, So I will wait for another bull run that moment I will sell my bitcoin.

Hey it seems majority of the people here on the forum are holding their coins because they know if they sell now they’ll incur looses, which is true as we all have brought it at different price levels. I believe current market situation is an accumulation phase, and hence we’re witnessing good amounts of buying. I feel everyone is waiting for the next bull run, but what exactly will trigger it no one discusses that.

Bullshit nobody discusses it, you don't listen - like before, it will be the effects of the next halving. Why the fuck would the bull run start now - a year and a half away?  Price is going down, by summer in the $2ks or possibly teens.  

[Bonsaiav]

Based on what happened in the past, imagine how the situation will be after 6 years.
Stop worry and just HODLING  .

When viewed from a flashback that happened in the past, we shouldn't need to worry anymore because what we expect such as recovering prices, of course will be realized even though it may be difficult for us to predict accurately, when exactly? So to deal with the collapse of bitcoin prices, HODLING is the only most effective way to do it now, there's no other way unless you intend to buy it.

[pooya87]

based on what happened in the past, imagine how the situation will be after 6 years.

that is a bad advice. don't get me wrong, it is good to look at the history and see how bitcoin market has always been. it certainly gives you a lot of insight but past performance is never going to guarantee future results.
what you should do is that you should look at the past and see why bitcoin has been rising millions of percentage in the past 10 years and check to see if the reasons still exist. i'd say they do, we are still on the same trajectory en rout to mass adoption and that is only speeding up as we move forward.

[Ararbermas]

Some people are worried about the current situation of Bitcoin price, many of them are afraid of collapse.
the title above does not talk about the present but about an article 6 years ago and let the writer speak:

Earlier today, the price of Bitcoins rose above $27 for the first time since 2011. That represents a doubling of the $13.50 price of Bitcoins at the start of 2013, which in turn, was nearly triple the $4.75 value of Bitcoins at the start of 2012.

Of course, $27 is not an all-time record price for Bitcoins. The record-high price of just under $32 was reached on June 8, 2011. The price then crashed, falling to a low of $2 in November of 2011.

Based on what happened in the past, imagine how the situation will be after 6 years.
Stop worry and just HODLING  .

i agree on your statement above. In fact this is the right time to accumulate more instead of worrying and selling which is while the price is very low. But of course must buy what amount you can afford to lose and always reserved for the future! because this kind of market is like gambling so be smart to avoid repenting.

[1Referee]

How would you know where the peak was? I sure didn't pretend to know back in December. I just knew we were in a bubble. It could have peaked at $10K or $100K for all I knew.

I didn't. It takes a lot to tempt me to sell any of my cold wallet coins, and by the time the price went up to such extreme levels, I really believed this is unhealthy, and from there I started to cash out small portions.

I started around $10,000 because that's what I considered an important psychological barrier. Then kept selling smaller portions all the way to $17,000 and from there stopped selling because I too started to believe that we could go way higher, and the fact that I didn't do myself a favor selling and seeing the price continue to rise.

What started to feel bad back in december of 2017, started to feel good in 2018 because it finally started to pay off.

[Pursuer]

the only valid reason for not selling your bitcoins anymore is the fact that the drop has been over for a long time and the chances of going any lower that this are extremely low (although they exist because it is bitcoin and unpredictability has always been a big part of it). in other words if you haven't sold your bitcoin already then it means you have held while price was high above the "real" support line then higher than the bubble line and you never sold then which was the time to sell.
selling now is equal to selling at the bottom.

and then as the secondary reason you can consider the fact that bitcoin is going to start rising sooner or later because we have had more than enough of downtrend and its adoption is still growing while we have lots of positive news.