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Author Topic: Sell or wait?  (Read 58113 times)
richardsNY
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May 09, 2017, 09:48:26 PM
 #1001

i sold 4 btc today still have 10 to sell , could only withdraw 4 from poloniex

so what still to early for the correction ? because when i check the graph with macd and rsi look really that we are on the top
i put buy order at 1212 (not sure if it will get lower)

At this point I can't really see the price fall back that low. Especially when you take the reasons for the price to increase into consideration. For now, if a correction becomes reality, I don't see it go lower than the $1500 level. I really think that no matter how low the chances of approval of the ETF are, that market movers do believe in a positive scenario. If that turns out to be the case, then a positive or negative outcome will greatly affect the price. In case of a negative outcome -- $1200-$1300. In case of a positive outcome -- +$2000 easily.
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May 09, 2017, 09:57:56 PM
 #1002

ok gonna buy back now, price got down
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May 09, 2017, 10:00:27 PM
 #1003

Selling is not a good option at the moment.

If you are satisfied with the price today, then profit is profit. No matter how big the price of bitcoin will reach sooner. Once you had enough on it already, go sell it at your own comfort. But yes, it is not a good option if you are going to sell right now, selling some of your coins will be good for you for having money to spend but don't do the same with your remaining btc.

Selling is definitely not an option considering the prices that are further reaching newer heights of insanity by going completely crazy over markets and this thing is getting real serious as we are hitting some real big numbers in terms of market cap as well as users, so holding on and waiting for a real time to sell it is the best part if you are not in an emergent need of some cash/fiat.

Just like what is happening right now the price is rapidly increasing and it is now on $1,337 though a couple of hours ago it was $1,346 it's only a $11 difference but that is a good sign that bitcoin is already going to come up again. So the most patient person in the market today will get a good profit in the end.

When will he make a profit? You can wait forever and die without selling. But why? Now the price is high and can be sold. Everyone knows that there will soon be an adjustment and the price will go down. If you sell now and buy at a low price soon, you can make a profit

That's different case, if he thinks that he got profit already then he can sell right away. But I'm saying that you could wait for some more because the more you wait the more profit that you'll get. And I'm not saying that you are oblige to hold for it forever because we know that we need to spend it for adoption.


I think it is better to sell some bitcoin and buy some altcoins with active developments.
it not time to sell bitcoin its good time to hold your bitcoin because bitcoin price increasing bitcoin is much more better than altcoin because i never waste my time on altcoin bitcoin is safe and secure currency and also profitable.
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May 09, 2017, 11:19:11 PM
 #1004

Maybe waiting will be a very stressful thing for you to do for now. It is likely that bitcoin prices could reach $ 2000 before October. Would be great if you sold it when bitcoin prices had reached that point. Although I'm sure very many people will be selling bitcoins.
I don't think so. For me is both, holding your bitcoin is not bad because as we experience today bitcoin is still growing so it has a chance that your money will be doubled. Sell is also good because you can't assure the incresing amount of bitcoin maybe it is just for now so its better to sell it buy some altcoins that you think is going to pump.
to me i will prefer to hold. as i like long term investment and specially trading bitcoin. because the price of bitcoin is continuously increasing so it is still time to hold bitcoin and not to sell it. it is expected that the price of bitcoin is going to cross 3000 USD level very soon. so i have to wait tell that time.
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May 10, 2017, 08:45:07 AM
 #1005

Maybe waiting will be a very stressful thing for you to do for now. It is likely that bitcoin prices could reach $ 2000 before October. Would be great if you sold it when bitcoin prices had reached that point. Although I'm sure very many people will be selling bitcoins.
I don't think so. For me is both, holding your bitcoin is not bad because as we experience today bitcoin is still growing so it has a chance that your money will be doubled. Sell is also good because you can't assure the incresing amount of bitcoin maybe it is just for now so its better to sell it buy some altcoins that you think is going to pump.
to me i will prefer to hold. as i like long term investment and specially trading bitcoin. because the price of bitcoin is continuously increasing so it is still time to hold bitcoin and not to sell it. it is expected that the price of bitcoin is going to cross 3000 USD level very soon. so i have to wait tell that time.
Yes true, seems to hold good current choice and best solution, I'm sure the price will continues to surge and bitcoin soon reaches $2000. We will regret if now selling with low price ($1700), end of the month the price will go up to $2000.
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May 10, 2017, 10:20:29 PM
 #1006

Maybe waiting will be a very stressful thing for you to do for now. It is likely that bitcoin prices could reach $ 2000 before October. Would be great if you sold it when bitcoin prices had reached that point. Although I'm sure very many people will be selling bitcoins.
I don't think so. For me is both, holding your bitcoin is not bad because as we experience today bitcoin is still growing so it has a chance that your money will be doubled. Sell is also good because you can't assure the incresing amount of bitcoin maybe it is just for now so its better to sell it buy some altcoins that you think is going to pump.
to me i will prefer to hold. as i like long term investment and specially trading bitcoin. because the price of bitcoin is continuously increasing so it is still time to hold bitcoin and not to sell it. it is expected that the price of bitcoin is going to cross 3000 USD level very soon. so i have to wait tell that time.
Yes true, seems to hold good current choice and best solution, I'm sure the price will continues to surge and bitcoin soon reaches $2000. We will regret if now selling with low price ($1700), end of the month the price will go up to $2000.
yeah if we hold our bitcoin more we can get $300 profit because bitcoin price is now $1700+ and i am sure bitcoin price will be rise to $2000+ in few week so hold just for few week then you can spend or sell your bitcoin.
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May 11, 2017, 02:54:33 AM
 #1007

Maybe waiting will be a very stressful thing for you to do for now. It is likely that bitcoin prices could reach $ 2000 before October. Would be great if you sold it when bitcoin prices had reached that point. Although I'm sure very many people will be selling bitcoins.
I don't think so. For me is both, holding your bitcoin is not bad because as we experience today bitcoin is still growing so it has a chance that your money will be doubled. Sell is also good because you can't assure the incresing amount of bitcoin maybe it is just for now so its better to sell it buy some altcoins that you think is going to pump.
to me i will prefer to hold. as i like long term investment and specially trading bitcoin. because the price of bitcoin is continuously increasing so it is still time to hold bitcoin and not to sell it. it is expected that the price of bitcoin is going to cross 3000 USD level very soon. so i have to wait tell that time.
Yes true, seems to hold good current choice and best solution, I'm sure the price will continues to surge and bitcoin soon reaches $2000. We will regret if now selling with low price ($1700), end of the month the price will go up to $2000.
yeah if we hold our bitcoin more we can get $300 profit because bitcoin price is now $1700+ and i am sure bitcoin price will be rise to $2000+ in few week so hold just for few week then you can spend or sell your bitcoin.
Well, I can say it was never to late to hold, the price is still in the uptrend and since more news are coming I am pretty sure we will not see the price will stop yet. Buy now but make sure you will be able to monitor the price consistently, you might know what will come if you will not.

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May 11, 2017, 09:34:08 AM
 #1008

I've started selling some of the balance I have. Because I think selling at $1500 is very profitable for me. I am also optimistic that bitcoin will probably break through $2000. But on bitcoin, I'm looking for profits to add my bank account balance.

The price of bitcoins is really good at a moment so if you have bought  your bitcoins at low price in the past then I think this is the best time to sell some of them and collect the profits and rest should be saved till the end of the year as it is predicted that price of bitcoin will hit $2k in the end of this year.
Yes, really it is a good idea. We can make it sure that yes we earned from it and even if God forbid the prices go down we will have no regret that we didn’t get any profit from it when the prices were high so just to be on a safe hand enjoy the profit and invest the capital in the alts if you find it can benefit you more at this time.
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May 11, 2017, 09:45:08 AM
 #1009

I've started selling some of the balance I have. Because I think selling at $1500 is very profitable for me. I am also optimistic that bitcoin will probably break through $2000. But on bitcoin, I'm looking for profits to add my bank account balance.

The price of bitcoins is really good at a moment so if you have bought  your bitcoins at low price in the past then I think this is the best time to sell some of them and collect the profits and rest should be saved till the end of the year as it is predicted that price of bitcoin will hit $2k in the end of this year.
Yes, really it is a good idea. We can make it sure that yes we earned from it and even if God forbid the prices go down we will have no regret that we didn’t get any profit from it when the prices were high so just to be on a safe hand enjoy the profit and invest the capital in the alts if you find it can benefit you more at this time.

God decides the life only. lol, There is no more bitcoin forking in the price chart for sure. Bitcoin price is continuously increasing in the from the starting of this month. Altcoin investments would be bad for bitcoin according to me, many financial investments companies and corporates plans to create a new altcoin. Therefore, This would impact the bitcoin's price and potential for sure in future.
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May 11, 2017, 11:05:35 AM
 #1010

I've started selling some of the balance I have. Because I think selling at $1500 is very profitable for me. I am also optimistic that bitcoin will probably break through $2000. But on bitcoin, I'm looking for profits to add my bank account balance.

The price of bitcoins is really good at a moment so if you have bought  your bitcoins at low price in the past then I think this is the best time to sell some of them and collect the profits and rest should be saved till the end of the year as it is predicted that price of bitcoin will hit $2k in the end of this year.
Yes, really it is a good idea. We can make it sure that yes we earned from it and even if God forbid the prices go down we will have no regret that we didn’t get any profit from it when the prices were high so just to be on a safe hand enjoy the profit and invest the capital in the alts if you find it can benefit you more at this time.

God decides the life only. lol, There is no more bitcoin forking in the price chart for sure. Bitcoin price is continuously increasing in the from the starting of this month. Altcoin investments would be bad for bitcoin according to me, many financial investments companies and corporates plans to create a new altcoin. Therefore, This would impact the bitcoin's price and potential for sure in future.

If the block size of the bitcoin is not increased a lot, the transaction will be slow and that will drive users to other coins.
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May 11, 2017, 12:12:40 PM
 #1011

At this point I can't really see the price fall back that low. Especially when you take the reasons for the price to increase into consideration. For now, if a correction becomes reality, I don't see it go lower than the $1500 level. I really think that no matter how low the chances of approval of the ETF are, that market movers do believe in a positive scenario. If that turns out to be the case, then a positive or negative outcome will greatly affect the price. In case of a negative outcome -- $1200-$1300. In case of a positive outcome -- +$2000 easily.
It looks like we're about to hit $2000 (price peaked at $1892 at Bitstamp and $1908 at Bitfinex) even without the approval of the SEC.

The premium of Bitfinex that was preventing people from taking that exchange serious has now nearly vanished. BTC-E however is heavily lagging behind with a gap of around $80.

I usually have some funds at BTC-E, but not at this point. It would allow me to benefit from the difference by selling at Bitstamp. It's easy money that requires practically no effort at all.

 
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May 11, 2017, 01:52:08 PM
 #1012

Wait for $2000 is the best thing to do then sell. For sure a lot of seller/trader, their mark is $2000. That's their signal to take a profit. That's common in price movement.

 
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May 11, 2017, 02:13:39 PM
 #1013

Wait for $2000 is the best thing to do then sell. For sure a lot of seller/trader, their mark is $2000. That's their signal to take a profit. That's common in price movement.

The same could have been said about $1000 in 2013. Fully psychological resistances like this tend to not hold. After all, it's just a number.
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May 11, 2017, 02:32:00 PM
 #1014

Wait for $2000 is the best thing to do then sell. For sure a lot of seller/trader, their mark is $2000. That's their signal to take a profit. That's common in price movement.
I bet you will change your mind and will end up not selling if you will see that price, mine too I'm sure it will be my decision as I want to see more and more increase to come. Been waiting for so long to see the price pumping, now it the opportunity to earn more so we should be smart in making a decision to sell, make sure you will get the best profit when selling so you will not regret where there is more to come.
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May 11, 2017, 06:45:27 PM
 #1015

but i think it is still not the right time to sell bitcoin. to me i think the price of bitcoin will increase more and more and it is hopeful that its price is going to hit 2000 USD level in next few months and hopefully the price of bitcoin is going to cross 2500 USD level at the end of this year.

The right time will be decided by OP, if he needs the money badly then it is the right time to sell his stash.  If not, holding is the best option.  Buying BTC at this current price is not bad also, since we are all optimistic that price will go up in the following months.  But still as I said, OP have the decision to buy more.
Before you invest make sure you already have a plan on how your manage it, your personal needs is something that will distract your plan, other source should take care of it because you only put what you can afford to lose and that is intended for investment based on your projected term.
Well, as you said, when you are in badly need of money, this should be the last option and you can sell whatever the price will be.
Yes planning is the most important part in the investment. It needs to be done before you invest for various reasons like;
If I invest in that certain currency what will be its return and what are the chances of loss. Secondly you also have to plan a specific time period for your investment that till how much time it will come for you to take your money back from it. These are the things can be really helpful.


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May 11, 2017, 07:05:49 PM
 #1016

It looks like we're about to hit $2000 (price peaked at $1892 at Bitstamp and $1908 at Bitfinex) even without the approval of the SEC.

It may become reality, that's right. The price at the time I posted that was nearly $300 lower than is the case right now, and that while we're just a few days further. But we still haven't touched the $2000 level yet. As we speak -- we're a few days away from the SEC coming up with a statement regarding the ETF. By that time we'll see till what level the current price is build up on ETF speculation.
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May 11, 2017, 07:34:58 PM
 #1017

Wait is the decision of mine, now the price seems to gain resistance. Further if a drop happens once again at least a small pump in price can be expected. So holding seems to get better profit than just selling at the present $1850. We might soon touch $2000 per bitcoin.

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Astargath
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May 11, 2017, 07:48:24 PM
 #1018

Wait is the decision of mine, now the price seems to gain resistance. Further if a drop happens once again at least a small pump in price can be expected. So holding seems to get better profit than just selling at the present $1850. We might soon touch $2000 per bitcoin.

I will sell if the price starts to drop fast and will sell for sure if it hits 2000$ because I'm pretty sure it will get dumped hard if it does. The hype about bitcoin made the price so high but that's nothing for long term so eventually it will drop down a few hundred dollars

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/////
richmcrich
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May 12, 2017, 03:19:30 PM
 #1019

I've started selling some of the balance I have. Because I think selling at $1500 is very profitable for me. I am also optimistic that bitcoin will probably break through $2000. But on bitcoin, I'm looking for profits to add my bank account balance.

The price of bitcoins is really good at a moment so if you have bought  your bitcoins at low price in the past then I think this is the best time to sell some of them and collect the profits and rest should be saved till the end of the year as it is predicted that price of bitcoin will hit $2k in the end of this year.

Right, but the problem for people is that as long as the ETF review hasn't lead to any official statements from the SEC, people risk selling too soon. No matter how low the chances of approval are, it's better to keep holding. Best is to strategically place a few sell orders just before the 15th of this month. If the price happens to tank, they will have to sell through your orders, and thus you won't lose out big time. If the price sinks deep enough, you could even decide to buy back -- that's my plan.

That's a smart move to make and I will buy some more of them only if I see price going down in coming days or else I will prefer to hold the coins that I have at a moment as the current price is not affordable for me to buy more bitcoins as I am really short off money at a moment.
Oh yeah I actually came across the meaning of the smart move from your statement as well. Many of the people talk about smart move but in real don’t explain that what really a smart move is to make. Anyway I will also copy the same as said. I will try to buy some as well but don’t know when are the prices going to low again and what prices will it hit.
Lorak
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May 12, 2017, 04:40:37 PM
 #1020

Wait is the decision of mine, now the price seems to gain resistance. Further if a drop happens once again at least a small pump in price can be expected. So holding seems to get better profit than just selling at the present $1850. We might soon touch $2000 per bitcoin.

I will sell if the price starts to drop fast and will sell for sure if it hits 2000$ because I'm pretty sure it will get dumped hard if it does. The hype about bitcoin made the price so high but that's nothing for long term so eventually it will drop down a few hundred dollars
Now everyone is waiting for what the price of bitcoin will rise so I have to keep saving and not spend. This creates a shortage of supply and promotes growth, but as soon as the large speculators start to sell the price can come down and you can't sell your bitcoins because of a lack of demand while the decline will not stop.
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