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Author Topic: selling bitcoin is a stupid decision ?  (Read 2458 times)
jakoylantern
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April 07, 2018, 04:47:57 PM
 #541

For me, it depends on the situation, not every time selling bitcoin is a stupid decision. What if you need some extra money now and bitcoin is the only thing that you have left, so it's not a stupid choice even bitcoin’s value right now is very meager compared to its amount in last December. The foolish decision is selling your bitcoin because you think that bitcoin’s price rate will be worthless or zero.  Smiley
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April 07, 2018, 05:02:06 PM
 #542

For me, it depends on the situation, not every time selling bitcoin is a stupid decision. What if you need some extra money now and bitcoin is the only thing that you have left, so it's not a stupid choice even bitcoin’s value right now is very meager compared to its amount in last December. The foolish decision is selling your bitcoin because you think that bitcoin’s price rate will be worthless or zero.  Smiley

how if they bought their bitcoin in december and selling it at current prices? That is stupid LOL
You can do whatever to your bitcoin, selling hodling, as long as you know what you are doing. Not selling in panic and crying. There is bull and bear, just wait for their each turn

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April 07, 2018, 06:31:25 PM
 #543

Yes I think selling Bitcoin for now is stupidity thing.Because panic selling will always lead you to loss.So I will suggest you to keep patience and wait for the price goes up.So in my opinion selling Bitcoin now is obviously a stupid decision.I will suggest you wait more and wait for the price goes up.

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April 07, 2018, 06:33:59 PM
 #544

For me selling bitcoin in a low price is not a stupid decision, I think they sell their bitcoin in a low price because they really need money at that time or they used that money for emergency expenses.
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April 07, 2018, 06:42:21 PM
 #545

Hi guys , I  read in social media that many people are panicking its because bitcoin dropped every hour and they think they might lose their money because of that .Well for me , there's no need to panic because when bitcoin dropped as its lowest price its a blessing . And also joining in CRYPTO CURRENCY WORLD, you already know what risk you  should face , and  its a win and win bet when you hold bitcoin . So knowing that  some people selling their bitcoin I feel so sorry for them.  

There may be various reasons involved, one of such can be need of urgent money, another being someone who has invested all amounts in bitcoins and no is panicked with price drop.we cannot control peoples actions, their emotions and current needs

Selling unnecessary is an bad thing but most of the people are sell their bitcoins for their urgent or necessary needs so bitcoin selling is not a bad thing in right time but selling in normal time is an bad idea.
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April 07, 2018, 06:45:50 PM
 #546

If you sell bitcoins at this stage then of course its an stupid decision to make as price is not too high and if you sell now then you will be getting less profits on your investments so it would be good to hold your bitcoins till the end of the year as price may go much higher by that time and if it goes then selling at that time can be more profitable.


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April 07, 2018, 06:46:02 PM
 #547


Now this uncertainty in the market is crypto-currency, that I decided to sell bitcoin for 50% of the deposit and to go to Fiat, I'd rather watch from the side how the battle of bulls and bears will go on
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April 07, 2018, 07:35:24 PM
 #548

Hi guys , I  read in social media that many people are panicking its because bitcoin dropped every hour and they think they might lose their money because of that .Well for me , there's no need to panic because when bitcoin dropped as its lowest price its a blessing . And also joining in CRYPTO CURRENCY WORLD, you already know what risk you  should face , and  its a win and win bet when you hold bitcoin . So knowing that  some people selling their bitcoin I feel so sorry for them.  

Yes I think that selling coins is stupid decision. We dont know real price of crypto. Nobody knows. It is necessary to be patient and wait until the price will grow. It will happen I am sure.
markint
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April 07, 2018, 07:45:31 PM
 #549

Hi guys , I  read in social media that many people are panicking its because bitcoin dropped every hour and they think they might lose their money because of that .Well for me , there's no need to panic because when bitcoin dropped as its lowest price its a blessing . And also joining in CRYPTO CURRENCY WORLD, you already know what risk you  should face , and  its a win and win bet when you hold bitcoin . So knowing that  some people selling their bitcoin I feel so sorry for them.  

I do not think it is a stupid decision, because everyone obeys their personal interests and the needs that their personal economy demands of them. Keep in mind that bitcoin still has a lot of growth space and will continually be subject to large pumps and dumps, so there will always be an opportunity in the future to buy and sell at a price appropriate to our interests.
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April 07, 2018, 07:48:52 PM
 #550

Yes it is a stupid decision, because you might have bought at a higher price. then selling at a low price because of fear and then you loose.
i would feel stupid to find out that i sold now and it hiked later which would definitely happen.
the best decision for any investor to make now is to buy more BTC
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April 07, 2018, 07:55:11 PM
 #551

I really agree with you, although I am still a beginner, I know very well the risks that I will face when investing bitcoin, up or down the price at the time we invest it is commonplace! do not panic, maybe because I believe the bitcoin price will go up, so I can be calm like this.
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April 07, 2018, 08:06:31 PM
 #552

If you sell bitcoins at this stage then of course its an stupid decision to make as price is not too high and if you sell now then you will be getting less profits on your investments so it would be good to hold your bitcoins till the end of the year as price may go much higher by that time and if it goes then selling at that time can be more profitable.

Well to be honestly, selling bitcoin is not a stupid decision. It will be just stupid if you sell it at this moment that the value of bitcoin is at very low price.

Selling is kinda part of our business, we buy, we sell, the different thing is the value you'll loss if you sell it now but if you will hold it until the best time to sell it you'll have big profit from it.

It depends on us on how we will going to deal with it. Facing ups and down is a normal thing in life its just up to you on how you will handle it.



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April 07, 2018, 08:13:12 PM
 #553

someone once compared investing in the stock market as gambling.The only difference is that you reduce your odds of losing with a good market research and timely information.Same came be said of bitcoins.If you buy bitcoins and sell at every dips or market downturn, one will always a sore loser.The market always recovers-if you wait long enough.So selling wasn't the best option in humble opinion.
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April 07, 2018, 08:15:38 PM
 #554

In market investments and cryptocurrencies in particular it is difficult to say whether something is stupid or not. Only time will tell if we are wrong or not but there are a thousand factors that can subvert the forecasts.
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April 07, 2018, 08:42:20 PM
 #555

This is not a stupid decision to sell bitcoin, it's just  personal decision. The circumstances are different - if people invest  last money, their feelings are understandable. They are afraid of losing money. This is the biggest mistake to invest the family money, money for study, treatment, etc. Usually people panic in this case.


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April 07, 2018, 10:15:01 PM
 #556

There are a lot of people asking me whether to invest in cryptocurrencies, and I always tell people how to do it, and one of the main things I'm talking about is not selling money in a red market. This will not bring any benefit.

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April 07, 2018, 10:26:43 PM
 #557

There are a lot of people asking me whether to invest in cryptocurrencies, and I always tell people how to do it, and one of the main things I'm talking about is not selling money in a red market. This will not bring any benefit.

If you want sell some crypto you need to remember one main rule , always sell on back up , do not need to sell on bottom price , wait until back up and sell there.

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April 07, 2018, 10:31:22 PM
 #558

Of course you can sell bitcoin at any time, but it is foolish to sell it when the price is low, especially if it is below the cost for which you purchased it. If you are tired of bitcoin - just be patient until prices rise again and sell.

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April 07, 2018, 11:05:36 PM
 #559

I can't really say because is self opinion, but it is not ideal to sale bitcoin at this cheaper rate because for you to bitcoin bitcoin at high rate e.g when it was 18k$ and now you are sale it is very wrong, it just like throwing your money into Lagun.
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April 07, 2018, 11:14:20 PM
 #560

Hi guys , I  read in social media that many people are panicking its because bitcoin dropped every hour and they think they might lose their money because of that .Well for me , there's no need to panic because when bitcoin dropped as its lowest price its a blessing . And also joining in CRYPTO CURRENCY WORLD, you already know what risk you  should face , and  its a win and win bet when you hold bitcoin . So knowing that  some people selling their bitcoin I feel so sorry for them.  


if you are selling of your bitcoin during the price is in down because of the panic effect i think that's truly correct that's called stupid, one thing i believe to some other people even any kind of negative news coming for bitcoin are continue to stand their principle to hold until the price raised again even their family needs money for the daily lives he's find another option to find money to use for the daily needs.
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