Kotone
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January 25, 2017, 11:57:54 PM |
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I always sold my bitcoin and always exchange it to fiat currency im in need every week not because spending them on random things but because i need it for my daily expenses going to school and i just get bitcoin for free from trading and gambling so it's not a problem to me if i sell.
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kaijialex
Newbie
Offline
Activity: 27
Merit: 0
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January 26, 2017, 12:26:45 AM |
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You only lose if you buy high and sell low.
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Maslate
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January 26, 2017, 02:26:42 AM |
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You only lose if you buy high and sell low.
Lol! that is not even said as the basic principle to profit is the opposite, you would sell at the right time and that right time is when you feel you are getting the right profit you expected. Never sell when you are losing because if you do that, you only show your lack of trust with bitcoin and you will never gonna succeed in the long run.
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Supercrypt
Legendary
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Activity: 1554
Merit: 1054
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January 26, 2017, 03:08:46 AM |
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You only lose if you buy high and sell low.
Then why you need to do that ? No sense at all. OP is talking about not holding when bitcoin was near ATH. When bitcoin prices were seeming to fall down, you will lose if you prefer to keep on holding. But I am not agreeing with OP, and I am just holding my bitcoins for another bounce back. If you buy high, you can hold for higher prices to get profits.
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Text
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January 26, 2017, 03:59:44 AM |
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I'm not losing every time I sold my coins because I convert it to our fiat money and I can buy what I want. It can provide my daily needs and pay my bills, so it is really worth it. I don't care much if I sell it in high or low because I got my bitcoins in different day and time.
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DarkIT
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January 26, 2017, 07:59:33 AM |
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Well, I probably lost when I became impatient. Well, I always sell coins I invest when the price is slightly up or slightly down. I think, that it is a safe way to play, but I think lost, when the coin prices rise very high. there are currently 1 coin that I hold, and I hope the price immediately rose to the height.
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zuyfg888
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January 26, 2017, 08:12:27 AM |
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Well, I probably lost when I became impatient. Well, I always sell coins I invest when the price is slightly up or slightly down. I think, that it is a safe way to play, but I think lost, when the coin prices rise very high. there are currently 1 coin that I hold, and I hope the price immediately rose to the height.
Probably, it is one of the traders strategies, but if you only have not enough money to have a large capital. You cannot earn a lot in fast way if you have a small capital, especially you want a fast way of earning, you cannot trust the value changes of a certain altcoin
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ethereumhunter
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January 26, 2017, 11:31:24 AM |
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Well, I probably lost when I became impatient. Well, I always sell coins I invest when the price is slightly up or slightly down. I think, that it is a safe way to play, but I think lost, when the coin prices rise very high. there are currently 1 coin that I hold, and I hope the price immediately rose to the height.
Probably, it is one of the traders strategies, but if you only have not enough money to have a large capital. You cannot earn a lot in fast way if you have a small capital, especially you want a fast way of earning, you cannot trust the value changes of a certain altcoin yeah, every traders have their own strategies, with small capital we need long time to make big profit unless there is a pump on the coins and we sold it in high price. in trading we should be patient to always check the price so we don't missed the price we want and we can get what we want.
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Burmik123
Sr. Member
Offline
Activity: 742
Merit: 257
And we go again.
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January 26, 2017, 12:21:34 PM |
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buy on fomo. or do not read abot coin, what u want to buy.
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BTCLovingDude
Legendary
Offline
Activity: 1134
Merit: 1010
BTC to the moon is inevitable...
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January 26, 2017, 12:39:33 PM |
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Well, I probably lost when I became impatient. Well, I always sell coins I invest when the price is slightly up or slightly down. I think, that it is a safe way to play, but I think lost, when the coin prices rise very high. there are currently 1 coin that I hold, and I hope the price immediately rose to the height.
actually you are doing the right thing but thinking the wrong one! what you do is what every experienced trader does. you sell when you reach your profit target. trading is no place for regrets. if you made your profit then take it and be satisfy with it. and if the coin went higher just take the profit and be happy you made a profit instead of losing and think about your profit target next time to be more accurate.
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--looking for signature--
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lienfaye
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January 26, 2017, 02:10:25 PM |
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You will lose if you are not patient. if you sell your coins even just a little bit higher than the amount you bought it i think thats fine. there will always right time to sell if you dont wait then you wont gain anything.
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Xenophoto
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January 26, 2017, 03:44:51 PM |
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You will lose if you are not patient. if you sell your coins even just a little bit higher than the amount you bought it i think thats fine. there will always right time to sell if you dont wait then you wont gain anything.
I don't think that you can always earn from trading just because you were patient. For example, you bought an altcoin at 1000 satoshi each because you thought it was a good coin. And so you waited for a couple of weeks, and the price didn't even move that much. And then you wait more and more since you're very patient. But the price was just decreasing. Did your patience help you? No, it did not. You simply just waited and waiting doesn't require any skill at all. Everyone has the capacity to wait. I think you should be able to identify which coins aren't stagnant, which is pretty easy to do btw so your waiting would worth something. Just a piece of advice, if the coin isn't moving that much, if the coin isn't even decreasing, then it's probably a dead coin so don't buy it.
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Roger Burton
Member
Offline
Activity: 101
Merit: 10
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January 26, 2017, 07:35:00 PM |
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You only loose if you don't follow the right dream
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FasTroy
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January 27, 2017, 01:00:19 AM |
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Yes, I agree with you. If we selling bitcoin we lose, in long terms bitcoin price will increase more than now maybe cross 1000$ again after few weeks. No one know that. but i believe that this cryptocurrancy had a lot of surprice for us ( i mean bitcoin community ). Many people now Trust bitcoin and use it arround the world, that is to say bitcoin price go up. So, the conclusion is do not sell your bitcoin.
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gloriabtc
Newbie
Offline
Activity: 3
Merit: 0
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January 27, 2017, 12:09:26 PM |
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You only lose if you buy high and sell low.
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neochiny
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January 28, 2017, 01:33:01 AM |
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Not always. For me,you lose if, you sell at the wrong time ( ) or when you're being forced to sell because of some 'urgent' need/circumstance. Selling because you need to, eliminates any sort of control you have. Profits are all left to chance since you have to sell whether it's high or low. There's also the cases where those who receive weekly payments proceed to sell as soon as they receive their 'wages'. It's automatic and doesn't consider anything else other than converting into fiat regardless of price. I feel that is also a loss and results in a lot of missed opportunities for some.
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Dudeperfect
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January 28, 2017, 02:55:26 AM |
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I do convert some of my bitcoins when I need money but I don’t do that when price goes down because I have long term approach and I believe that bitcoin is worth much more than the current situation. Even if I can’t buy in lower levels then I don’t even sell it in that case. One should buy or hold bitcoin up to his capacity of loss bearing.
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KennyR
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January 28, 2017, 04:50:44 AM |
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You will lose if you are not patient. if you sell your coins even just a little bit higher than the amount you bought it i think thats fine. there will always right time to sell if you dont wait then you wont gain anything.
Patience is much important with bitcoin to gain the profit, but everytime patience won't be effective. Its better to plan for a targeted price and sell once you reach it, else with over expectation holding with patience results in loss.
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margarete11
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January 28, 2017, 03:06:56 PM |
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You only lose if you sell with a big loss on your initial investment or capital ! In trading price votality is normal me personally I get used to it so wheter the certain coin goes down I know in the will rise up on the near future ! So my advice keep holding until you get your desired profit!
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Bitcotalk
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January 28, 2017, 03:20:01 PM |
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I always sold my bitcoin and always exchange it to fiat currency im in need every week not because spending them on random things but because i need it for my daily expenses going to school and i just get bitcoin for free from trading and gambling so it's not a problem to me if i sell.
If you are a traders then it is not good to sell every time because you will need to wait for the good time and and do not have to sell in those timing when the price of bitcoin will be in the way to increase more higher in the coming future. The successful trader is that who have their extra money for trading and with which he will be able to trade for longer time.
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