Don't sell your bitcoins while it's falling!

[marcovaldo]

"Don't sell your bitcoins while it's falling!"


Does not make sense.


Of course, it is better to sell coins when the price is falling.
Indeed, if you sell when the price is increasing, then you missed some profit.


If you sell when the price is falling, you can buy them back cheaper a few hours/days later and make some profit.

[mbets]

I am new to the bitcoin markets and I'm afraid I made some rush choices. Whenever there is a steep drop I'm worried and I sell, then I buy-back soon after.

I'm just glad I did not sell ALL my Btc.

I guess a better strategy would be to have some cash ready and BUY when the price is down and wait, rather than selling BTC and wait for it to drop further.

I can listen to ideas you guys have on this.

[marcovaldo]

I am new to the bitcoin markets and I'm afraid I made some rush choices. Whenever there is a steep drop I'm worried and I sell, then I buy-back soon after.

I'm just glad I did not sell ALL my Btc.

I guess a better strategy would be to have some cash ready and BUY when the price is down and wait, rather than selling BTC and wait for it to drop further.

I can listen to ideas you guys have on this.

Do not invest in btc if you can't afford to lose it.
Do not invest in btc if you clearly have no clue how to do it. :/

[jongameson]

yeah i would say the same.. buy when it's falling, sell when it's going up

[marcovaldo]

yeah i would say the same.. buy when it's falling, sell when it's going up

Never trade against the trend ....
Stupid.

[mbets]

I am new to the bitcoin markets and I'm afraid I made some rush choices. Whenever there is a steep drop I'm worried and I sell, then I buy-back soon after.

I'm just glad I did not sell ALL my Btc.

I guess a better strategy would be to have some cash ready and BUY when the price is down and wait, rather than selling BTC and wait for it to drop further.

I can listen to ideas you guys have on this.

Do not invest in btc if you can't afford to lose it.
Do not invest in btc if you clearly have no clue how to do it. :/

I can afford to lose it.
You gotta start somewhere right? How does someone with no clue get a clue? By jumping in.

[bitcoin44me]

Do not sell with your emotion.
You are getting manipulated by the whales.


!

[DannyHamilton]

. . . escrow danny will vouch for me . . .

I DO NOT "VOUCH" FOR ANYBODY.

[hieroglyph]

Some valid point too be had in the OP.  I can't agree more with not following the herd off of the cliff.  It's not easy but sometimes you just don't want to follow the pack and make you own way work.

[hairycoins]

If you are a newcomer or even if not, the worst thing you could possibly do is sell your bitcoins while it is crashing. Humans are sheep, when they see a big movement, they follow. Don't base your decision to sell on what others are doing!

What if the BTC value drops to $100 and you bought it when it dropped to $500 when it fluctuated from $800-$500 and then it steeps to $100? You should sell at $500 right to break even or even $800-$501 to profit but I decide to go with your strategy and not to sell at all. So your mentality is if it crashes I should still on hold onto my BTC because the investors must recover the value of BTC because they have invested too much infrastructure into it. I think BTC is over valued. We already know that China announced BTC as a commodity not a currency that is why it crashed to $500. What if other countries also announce the same thing and I think this will happen overtime when they realise if they can't regulate the protocal they can regulate how BTC and alt coins is distributed by gaining authority over all exchanges and shut down all other exchanges that decide to protest against it.

[MikeSpun]

It's a very weird market, I think in the 1-3 years term it will definitely go up as more serious investors get involved and even more people are exposed to the concept. The currency is still in its infancy and the opportunity for fast profit exists. This will most likely change as the user base grows larger and more stable.

[nahtnam]

One of the best tip you can give to newbies!

[jjtech]

yeah i would say the same.. buy when it's falling, sell when it's going up

Never trade against the trend ....
Stupid.

you're right sir, some people just don't get it. It's called gambler's fallacy I believe

[Heli42]

sure