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Author Topic: Should I sell bitcoin now?  (Read 1035 times)
fourpiece
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May 03, 2020, 02:21:13 PM
 #141

If i were you  i will wait for the 10,000$ price that will happen soon. It will give you much higher returns if you hold your bitcoin till the halving happens. But im not encouraging you to believe me,still the decision is for you to make.

rodskee
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May 03, 2020, 02:32:10 PM
 #142

according to Coin Market Capitalization Bitcoin is getting better now https://coinmarketcap.com/currencies/bitcoin/
 compared to what we have last month so maybe it is better to stay for at
 least couple of months before everything
change Plans because the price of Bitcoin may Go higher  because of Halving
but if nothing happens this month of May
 then plans will be for selling like what i am thinking specially this pandemic
 effect?i know it is understandable if we
will find the right way in treating our money and this is how to keep it safer.

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May 07, 2020, 05:40:41 PM
 #143

I think you should NOW. I don't know if it would be a good decision to sell back at that time, as we can see right now it would have been not so nice, however right now price is definitely perfect for selling. Right now bitcoin is all hyped up once again and correction will probably happen soon.

I realized corrections only happen when the price of bitcoin goes up a whole lot (like it did today) and it doesn't go up anymore, right now it looks like its not going to go any higher, I do not see a 10k very soon, which means price will stay here for a while and then there will be a correction. Sure it may take some time but at that means you can sell now and not worry, eventually it will fall and you can rebuy at that price when it drops. Its quite a good arrangement if you ask me.
And just a few days later bitcoin is getting very close to touch 10000 dollars again, this should show us how unpredictable the market can really be and it is an important lesson for all of us as well, if we want to take an important decision regarding our capital we are the only ones that are responsible for it, while it is important to listen to the opinions of others at the end of the day we are the ones that need to take that decision because our lives are going to be the ones to be affected if we make the wrong choice.
shoreno
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May 08, 2020, 02:48:19 PM
 #144

If i were you  i will wait for the 10,000$ price that will happen soon. It will give you much higher returns if you hold your bitcoin till the halving happens. But im not encouraging you to believe me,still the decision is for you to make.

your suggestion here are two ? one is by waiting for 10k usd and other one is by waiting for halving   . still this two are not yet perfect i mean the price can either fall back before it reaches 10k usd and it can also fall back during the halving event   . price right now is over 9k usd and increase in btc over the past days are still impressive so if i were him i will take this oppurtunity   . its better than to be zero   .  anyway i could be selling now if i already recieve my salary in btc but they still havent paid me yet so i feel worried right now  . i hope price wont fall off yet
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May 08, 2020, 03:09:04 PM
 #145

I can remember ages ago the issue of 10,000 coming up as an important number and I was far more confident at that point that such a round number doesnt actually mean that much.   Right this moment the 10k figure does happen to land on a rough trend I have drawn and true we have risen suddenly upto this point so profit taking can occur after rapid gains.   However I'm still apt to go with the general rule that 10k in USD is not a flat number in any other number of national currencies around the world and not everyone counts this particular area as anything significant even if many look to USD as a price.  
  Ultimately we all reference value in our local currency and costs we face for various products.   I think its quite possible we go past 10k without any great battle especially and reach as far as 11k or more before selling.   That'd upset quite a few who might have been trying to short, when they are 'forced' to buy it might be the last of the buyers and then we see the scales swing back to sellers as a majority hence weakness.    
  Also the greatest easy signal might be to watch main markets and general optimism there, any contraction can easily mean people cash out BTC holdings which can be leveraged in order to achieve liquidity and settlement of their account in midst of general selling or negative sentiment.  Its very possible for markets to be shocked or upset with the scale of this virus effects or data or medical trials to combat it, etc.

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