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Author Topic: I have BTC. Should I sell or hope for price to rise?  (Read 1577 times)
italianobitcoin
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July 06, 2016, 01:12:01 PM
 #41

I basically know shit about how BTC works. I received a payment in BTC when price was $750 a few days ago. My lazy ass didn't sell it right away and now I am panicking. Current price is $618 and it keeps falling. I'm panicking. What should I do? Should I sell it right now or should I wait and hope for the price to rise back to $750 or at least closer to it?

You should hold it for at least 10 years, it will certainly be worth more.

Lol 10 years seem to be a bit pessimistic or optimistic, just how you look at it.
But yes holding now and waiting for a increase of a period of 2-3 years is probably the best thing you can do. Most analysts are optimistic on the long term.
pitham1
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July 06, 2016, 03:29:43 PM
 #42

I basically know shit about how BTC works. I received a payment in BTC when price was $750 a few days ago. My lazy ass didn't sell it right away and now I am panicking. Current price is $618 and it keeps falling. I'm panicking. What should I do? Should I sell it right now or should I wait and hope for the price to rise back to $750 or at least closer to it?

You should hold it for at least 10 years, it will certainly be worth more.

That is if he is able to. We don't know how much he received and how soon he needs it.
Uniform advice won't work for everybody.

praprata
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July 13, 2016, 09:16:46 AM
 #43

I basically know shit about how BTC works. I received a payment in BTC when price was $750 a few days ago. My lazy ass didn't sell it right away and now I am panicking. Current price is $618 and it keeps falling. I'm panicking. What should I do? Should I sell it right now or should I wait and hope for the price to rise back to $750 or at least closer to it?
I would wait for the price to rise again because then you are going to be able to make more instead of selling them right now.
I do nit think that you are going to wait a long time before the price starts rising again.


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