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Author Topic: Sell your bitcoin NOW. November 8, 2017  (Read 3293 times)
player514
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November 08, 2017, 01:50:01 AM
 #21

I fruitful advise to all,

You need to sell your bitcoins now. This is because the btc is about to correct its price.

Dont wait for 8000 usd price btc will not reach that price yet.

After price correction, buy btc again.

BTC Price at coinmarketcap = 7,126.02 USD / BTC

I would actually do the opposite. I would buy now to get more of that forked coin, transfer that forked coin over to bitcoin right after the fork and sell sell sell the forked coin as soon as possible. It gives you a chance of picking up that extra bitcoin and then converting before any kind of major drop. Will end up with you coming out positive. It honestly doesn't make sense to sell right now unless you don't plan on doing anything with the forked coin.

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November 08, 2017, 01:57:11 AM
 #22

^ I don't think we are on the same boat, as far as i know, there will be no FORKED COINS or 1 BTC- 1 B2X I am not sure either, i just know that exchanges will pick what chain and coin would be called the Bitcoin, am i right? but as of now, I am thinking of sending my bitcoin to web wallets to exchange it to fiat.

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November 08, 2017, 02:03:04 AM
 #23

^ I don't think we are on the same boat, as far as i know, there will be no FORKED COINS or 1 BTC- 1 B2X I am not sure either, i just know that exchanges will pick what chain and coin would be called the Bitcoin, am i right? but as of now, I am thinking of sending my bitcoin to web wallets to exchange it to fiat.
Now the question is do you honor that as a capital gain or loss, soon we all will have to with most exchanges reporting to the IRS.

Check out MonarchCrypto.com

It's a website!
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November 08, 2017, 02:13:14 AM
 #24

^ I don't think we are on the same boat, as far as i know, there will be no FORKED COINS or 1 BTC- 1 B2X I am not sure either, i just know that exchanges will pick what chain and coin would be called the Bitcoin, am i right? but as of now, I am thinking of sending my bitcoin to web wallets to exchange it to fiat.


I think the best way is to withdraw only 30 - 50 % of your portfolio and leave the remaining to purchase some good altcoins.

We all know that when bitcoin price is on correction alts are pumping up. Just select a stable altcoin.

Im rooting for this following altcoins :

NEO
Lumen
OMG
Syscoin


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November 08, 2017, 02:24:19 AM
 #25

^ I don't think we are on the same boat, as far as i know, there will be no FORKED COINS or 1 BTC- 1 B2X I am not sure either, i just know that exchanges will pick what chain and coin would be called the Bitcoin, am i right? but as of now, I am thinking of sending my bitcoin to web wallets to exchange it to fiat.

Interesting. I was under the impression that there would be a forked coin that exchanges would allow onto their systems. It seems like in that case it would definitely make sense to sell sometime around now as we will probably still see some kind of drop after this bubble. I hate that there is so little information available about these forks. Seems like more of an attack on bitcoin than anything else.

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November 08, 2017, 02:48:09 AM
 #26

I fruitful advise to all,

You need to sell your bitcoins now. This is because the btc is about to correct its price.

Dont wait for 8000 usd price btc will not reach that price yet.

After price correction, buy btc again.

BTC Price at coinmarketcap = 7,126.02 USD / BTC

Oh no! We will have an Elliott wave 5 and then we will slowly go back to like... two weeks ago.
That will kill me Tongue
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November 08, 2017, 03:23:27 AM
 #27

I agree with OP for most of the part, but I don't want to sell BTC just yet because of the upcoming fork. Why would anyone sell right before the fork, IMO selling right after the fork makes a lot more sense.
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November 08, 2017, 04:13:52 AM
 #28

I suggest to to those people have bitcoin in their wallet right now it's better if you hold your bitcoin even they have fork because even if bitcoin price decrease for sure it will increase again after few days or it will recover again. Dont be panic . Keep buying bitcoin with your extra money and for sure you will earn a lot of profit in the future.


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November 08, 2017, 05:21:45 AM
 #29

I fruitful advise to all,

You need to sell your bitcoins now. This is because the btc is about to correct its price.

Dont wait for 8000 usd price btc will not reach that price yet.

After price correction, buy btc again.

BTC Price at coinmarketcap = 7,126.02 USD / BTC

Good advice. Though i can see that after this current dip the price will likely head upwards again before a huge dump that drives price downwards. Doesn't really hurt to have some BTC remaining in your portfolio since in my opinion BTC will likely head up to $10k this year.

But right now, a big correction is definitely due as you said.

Buy when price goes down to 5-6k per coin. Sell at $8-9k.

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November 08, 2017, 05:34:42 AM
 #30

I agree with OP for most of the part, but I don't want to sell BTC just yet because of the upcoming fork. Why would anyone sell right before the fork, IMO selling right after the fork makes a lot more sense.

Bitcoin price is unpredictable and the price of Bitcoin price increases suddenly during previous forks also. So I would not suggest people to sell them right now, after fork there are chances the price of Bitcoin will reach even higher value.

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November 08, 2017, 06:12:12 AM
 #31

I doubt there's any need to panic just yet

You'd think the price would fall after the fork not before

Goldman Sachs forecast a price of $7,900 which has yet to be reached

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November 08, 2017, 06:17:15 AM
 #32

I doubt there's any need to panic just yet

You'd think the price would fall after the fork not before

Goldman Sachs forecast a price of $7,900 which has yet to be reached
yesterday had a decline, but only a few hundred dollars and it is a normal thing. my suggestion is better to wait because the rising Bitcoin price opportunity will happen again. Never be afraid to try to buy Bitcoin and do not ever panic sell because then the price of Bitcoin may decrease. we must continue to try to use Bitcoin for the creation of a competitive and ever-increasing price of Bitcoin.

                                                                               
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November 08, 2017, 06:40:28 AM
 #33

It's hard to predict when the price of Bitcoin will rise and when it will decrease. If anyone buys Bitcoin at a low price then he will be able to sell it now. Like trading But Bitcoin can make stocks and profit. Because the price of Bitcoin is increasing. It can not be said that the price will not be 10,000 in the year 2018.

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November 08, 2017, 06:45:23 AM
 #34

First of all, thank you very much for your advice, OP. However, I didn't see any solid reason, why I need to sell my Bitcoin now since I'm a long-term investor myself.

Maybe, Bitcoin will retrace further until $5K support level - if it reaches there, I will buy more without any hesitation Smiley

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November 08, 2017, 06:58:34 AM
 #35

I fruitful advise to all,

You need to sell your bitcoins now. This is because the btc is about to correct its price.

Dont wait for 8000 usd price btc will not reach that price yet.

After price correction, buy btc again.

BTC Price at coinmarketcap = 7,126.02 USD / BTC

i think if you want to sell bitcoin, you can do it yesterday because i think the lower price is happen yesterday when the price reach $69xx and now the price is trying to increase back although there is possibility for the price to gets down again in next week. we don't know what will happen if the fork is coming and sometimes we are missed to used our strategy to buy or to sell. but if we can following the trend from the markets, then i think we can make important decision to sell now or to buy again now.

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November 08, 2017, 07:26:14 AM
 #36

I fruitful advise to all,

You need to sell your bitcoins now. This is because the btc is about to correct its price.

Dont wait for 8000 usd price btc will not reach that price yet.

After price correction, buy btc again.

BTC Price at coinmarketcap = 7,126.02 USD / BTC

Btc is back to 7400$ again. I don't think people are thinking of selling it now. They at least thinking hold their bitcoin until the upcoming fork.

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November 08, 2017, 11:52:25 AM
 #37

I fruitful advise to all,

You need to sell your bitcoins now. This is because the btc is about to correct its price.

Dont wait for 8000 usd price btc will not reach that price yet.

After price correction, buy btc again.

BTC Price at coinmarketcap = 7,126.02 USD / BTC

Btc is back to 7400$ again. I don't think people are thinking of selling it now. They at least thinking hold their bitcoin until the upcoming fork.

We are glad, it seems that segwit2x is not very influential, luckily I still keep my bitcoin so I still get a huge profit because now the price is past $ 7500 and it looks like next week the price will reach $ 8000.


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November 08, 2017, 12:06:41 PM
 #38

I think $8000 will be easy to get there. Now the market will hold in bitcoin, at least in the month before the end of the fork, people will hold bitcoin. Everyone wants free candy!

The fork is next week! It's on November 16th.

I do think we'll see a sell-off in a few days. This fork is different from the bitcoincash one in that there is no emergency difficulty adjustment, so the chain teh miners choose will be the winner and the other chain will struggle badly to get any blocks mined at all.

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November 08, 2017, 12:27:10 PM
 #39

It's looking like a double top around $7500. I don't think we will go past $8000. Maybe come close but considering it takes some time for people to get money in or to receive BTC from say Coinbase, most may not be buying a few days before the fork unless they have money in already.

If majority are already thinking about selling it post fork, some whales may play safe and sell a bit earlier.
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November 08, 2017, 12:30:30 PM
 #40

IMO the price is too high already, I'm afraid it might pop down so suddenly anytime soon. While that's the worst case, it's definitely possible. Hard to know if it's still natural demand or just people panic buying that's causing this.

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