Feel the pressure?

[justdimin]

I am not too worried if I am late to sell Bitcoin. I can sell Bitcoin anytime I want because I have some that I bought at a lower price. All of this high price will give me the profit. So I can feel relaxed and just check the market or place an order sell on the target I want.

If we can be wise, we will gain the profit many times because we will see the chance to buy back at a low price and sell it at a high price. This situation can be like this for some time before the price gets a bull run. So rather than feel the pressure, it is better we research and the right time to buy Bitcoin.

We need to calm down when the red candle comes so we can think and research. We will see the pullback in the price so we can sell it at the next high price.

This is why it makes sense to buy bitcoin at bear period, and DCA method, because it gives you feeling of power and be able to hold. People who buy too late, when it is already up, and join the party at the peak, end up feeling more panic because they need to make some profit, otherwise it would be a big loss for them. Whereas, if you end up with a better result, you should not be worried about it because you can definitely do a great job, and shouldn't be losing anything at all.

People like you, can hold for far longer, and could put a stop loss at something like 100k. We won't go down there all the way until bear market happens, we won't dip below 100k and then skyrocket, that means you can hold until it skyrockets. Then you can wait, and sell whenever you want.

[Mahanton]

I'm fascinated by psychology and how people react to this by receiving the mood and amplifying it themselves.

Let's say you are a person with 10BTC bought at $80k. When we went to 100k you sold some of it, like 20%, so you now have 8 BTC. It went to 124k and now is down to 111k. Logic dictates that you should be happy with 0 pressure to sell because you're nowhere near a loss and the price is above your last sell, and far above your buy, yet in reality you will most likely be unhappy and feel like you should sell more. Why?

-other people are negative
-red candles induce fear of the unknown. What if it goes down more and never stops?
-downtrend makes you feel like the whole investment is somehow flawed and endangered
-you don't know what's up, but maybe others do? Maybe you should follow the group? Do what others are doing?

It's funny, but some of my friends told me that they'd feel better if they sold just a bit, even 10% of their coins and that would make them feel better and safer. According to them, selling a small amount would calm them down.

How do you guys feel during a time like this?

People feel exactly like you described, anxious, torn, and strangely tempted to act even when the math says otherwise. loss aversion and the disposition effect make unrealized gains feel fragile, recency bias and red candles make the brain expect more pain, social proof and herd thinking whisper maybe others know something, anchoring to the peak (100k or 124k) warps reference points so 111k feels like a drop not a win, and fear of regret pushes people to sell small amounts just to feel safer, even though that can hurt long term performance.

i feel the tug too, a mix of excitement, boredom, and that itch to “do something”, and honestly selling a tiny slice to sleep better can be totally valid, it’s mental insurance not a crime, practical fixes that help: set rules before the swing (predefined sell/rebalance levels), use a named “calm” sell amount if you need peace, ladder sells instead of one panic move, keep a short trade journal to see patterns, check less and trust your thesis, run decisions through a checklist (“will this change my investment case?”), and remember novelty wears off, if you make small, planned moves you keep control without handing emotion the wheel.

[bhadz]

There shouldn't be pressure whenever an investor is selling at a price higher than the price of purchase. If i am in urgent need and selling part or 10% will help solve the problem, i won't hesitate twice before selling, obviously i am in profits that is the main cast for investing in Bitcoin. Buy low and sigh high, always remaining profitable.

We will be in different situations where we have no choice but to sell a portion of our holdings. Don't feel guilty when doin that because that's also the reason why we're holding, and that's to be profitable and what we'll do with profits? to solve the problems that we're currently facing. Some holders are guilt tripping themselves thinking that it's a bad decision that they have sold. But the reality isn't like that, even the rich people have to sell when they're in need and so are we that are just shrimps on this market. We can sell anytime we have to and be happy with it because we can always get that back through DCA.

[Accardo]

We will be in different situations where we have no choice but to sell a portion of our holdings. Don't feel guilty when doin that because that's also the reason why we're holding, and that's to be profitable and what we'll do with profits? to solve the problems that we're currently facing. Some holders are guilt tripping themselves thinking that it's a bad decision that they have sold. But the reality isn't like that, even the rich people have to sell when they're in need and so are we that are just shrimps on this market. We can sell anytime we have to and be happy with it because we can always get that back through DCA.

It's disturbing to sell knowing it's not the worth of the asset. The pain may not be now, like everyone who has ever sold, during the bull run regrets always sets in and tend to worsen the mistake. However, nothing wrong with selling for a financial responsibility, nobody would own money and wouldn't solve monetary related dispute or problems or needs. In addition it's always great to have other sources that'll argument such needs, instead of touching the Bitcoin.

[Adams0001]

Well for some person's like your friends that feels so reluctant and calm over the amount they sold I don't see anything wrong because our approach to things as well as our decisions varies, so they can actually go for what favours them and left for me I don't think selling off a small amount would actually do me any better so better still it's best I hold up and save myself from panic selling.

It is true that selling a small amount of bitcoin does not make much profit. But when a person holds Bitcoin Hold and falls somewhat in the market, they must be in panic. I don't think this is unusual. However, there may be a reason behind selling Bitcoin, which we do not know. Maybe you can call me a fool. But for my family, I have sold a number of Bitcoin today and recovered from that problem. In this case I think I have nothing wrong here. But I think I sold Bitcoin from my profit. But my thoughts are for a long time and if you are 140k I will sell Bitcoin again.

That is the point, the more you invest big when the price increases you will achieve huge profit and if you invest small you will definitely get small profit. The more you invest high the more you get huge profit. Many people that achieve there dream in bitcoin, all is because they invested for long term and they achieve there goals when the price increases deeply. But they is nothing wrong of selling bitcoin when you receive small profit, not everyone can invest for long term like how some people do. everyone know what is better for him to do. But definitely everyone will give you advice to invest for long term because that is the target of all investors to get profit. Not everyone have patience to invest for long term, so any advantage they get when the price pumps small they will sell the profit and leave the capital, the time of people can't take risk and since they will be getting benefits even they didn't invest for long that is fine, they don't wait for huge profit before selling the profit they already achieve.

[Y3shot]

I'm fascinated by psychology and how people react to this by receiving the mood and amplifying it themselves.

Let's say you are a person with 10BTC bought at $80k. When we went to 100k you sold some of it, like 20%, so you now have 8 BTC. It went to 124k and now is down to 111k. Logic dictates that you should be happy with 0 pressure to sell because you're nowhere near a loss and the price is above your last sell, and far above your buy, yet in reality you will most likely be unhappy and feel like you should sell more. Why?

The question now is, what is the essence of selling? Was the target to hold for the short term? Selling now, I don't see any reason for buying Bitcoin in the first place. Bitcoin investment is a long-term investment, and volatility shouldn't be a reason to feel pressured to sell. When the price of Bitcoin falls, it should be seen as an opportunity to buy more Bitcoin. Definitely, the price of Bitcoin will always fall but won't remain the same; it will definitely increase.

Just have some patience and wait for the increase. A fall in Bitcoin's price doesn't mean you have lost your Bitcoin. Those who don't understand Bitcoin will always see the volatility of Bitcoin as a problem when it falls.

[Figerland Shamrock]

Of course not, because I believe that as time goes by, life will change and become more modern. Maybe in other countries bitcoin is still not too familiar. But for the long-term size of 5-10 years in the future bitcoin will continue to grow and people will no longer be unfamiliar with the bitcoin.
Therefore, start from now so that we can feel the benefits for a few years later.

[harapan]

It's funny, but some of my friends told me that they'd feel better if they sold just a bit, even 10% of their coins and that would make them feel better and safer. According to them, selling a small amount would calm them down.

I understand the needs to do some certain things due to fear of the unknown but then buying and selling of Bitcoin is something that usually involve lots of pressure especially when you ain't ready to sell at the moment. And it's a more reason panicking isn't a good system of getting out of this so at any point in time there's need to exercise patience.

[Nwada001]

Of course not, because I believe that as time goes by, life will change and become more modern. Maybe in other countries bitcoin is still not too familiar. But for the long-term size of 5-10 years in the future bitcoin will continue to grow and people will no longer be unfamiliar with the bitcoin.
Therefore, start from now so that we can feel the benefits for a few years later.

No matter how popular something is, sometimes it's only popular in some parts of the world and not in a few parts. Even if it gets to every part of the world, there are still a few people who will ignorantly not know about it, but it will still not stop the growth and expansion of Bitcoin, and no one should also feel pressured now, as there is more height to be achieved in the future.

[bhadz]

We will be in different situations where we have no choice but to sell a portion of our holdings. Don't feel guilty when doin that because that's also the reason why we're holding, and that's to be profitable and what we'll do with profits? to solve the problems that we're currently facing. Some holders are guilt tripping themselves thinking that it's a bad decision that they have sold. But the reality isn't like that, even the rich people have to sell when they're in need and so are we that are just shrimps on this market. We can sell anytime we have to and be happy with it because we can always get that back through DCA.

It's disturbing to sell knowing it's not the worth of the asset. The pain may not be now, like everyone who has ever sold, during the bull run regrets always sets in and tend to worsen the mistake. However, nothing wrong with selling for a financial responsibility, nobody would own money and wouldn't solve monetary related dispute or problems or needs. In addition it's always great to have other sources that'll argument such needs, instead of touching the Bitcoin.

Don't feel guilty when you're in a situation and your Bitcoin holdings will be the solution for you to solve it. If it isn't requiring you to sell all that you've got, much better. And if you're able to use other assets that you have rather than your Bitcoin, then it's also a better choice to opt to. Because not everyone holds a lot of Bitcoin and even the small mBTCs that we have, not everyone can afford to save it as well. So, if there is an option to do it, better to think of other ways as well but if you have no choice but to sell some of your holdings. Still, don't feel bad about it and just DCA again in recovering those sold BTCs you owned before.

[STT]

I dont feel there is alot of pressure in the price at present.    Some might think BTC has reached a peak but doesnt seem to be a majority.   We have a double touch of 123k pricing and two weekly pin candles but still it does not appear to be a long term top, the decline from there has been quite calm over time.

The bottom prices for this week go back to a level of support first appearing in the post US election BTC rise.   It could be a good signal for longer term moves but either way I dont feel a great push downwards is going to appear or that BTC has become overvalued and thats quite something to say when we are at  six figures.  I think we develop further and if anything (eventually) the pressure remains upwards.