Don;t be tempted to Sell OUT; HODL

[danherbias07]

It is a phenomenon that happens whenever the bitcoin price goes up.
But I dont believe there is a loss.
They sold their alts in exchange for $6000 per bitcoin and now it is still at 9k.
There is still profit and besides, will you really buy back to the alts seeing there is not much movement happened there? I dont think so.
Worse case, they were pulled down by the bitcoin dump.

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[FanEagle]

Right now, the price seems to be a bit stable, now I can understand if you want to sell when its going down because you want to get rid of it before it hits bottom and maybe you are right, after you sell your coins the price keeps going down and you are lucky to buy it back from even cheaper, or maybe you are wrong and the price instead goes up and you are there with your cash and nothing else with your loss.

Now, I can understand when its going up as well because maybe it will go down and you will be able to buy back cheap or you just want to take your profit and go, those are all reasonable requests. However when its stable there is no need to sell at all, its stable and not doing anything that can hurt you or profit you, just let it be if you can.

[kingpin4321]

Anyone still bothered about this minor dip and selling off probably doesn't understand the bitcoin to the latter, and the price hasn't dropped so drastically to create panic or FUD, in my opinion the bull run is still on and running.

Except of course you're looking to cash in on your profits or to cut losses, then selling actually can make sense at that stage, as a full time trader, just keep holding till the time your perceive is right for you to pull out.

[romero121]

As the cryptocurrency market is highly volatile there will be continued temptation to find the direction of the price moving. At times the market fluctuates a little, fearing the same people used to sell out. By that time the panic can be experienced among the common people and the same is made use by the whales investing and getting back profit within a short through the difference between buying and selling. Holding is always the risk free way to enjoy, and the same needs to be done analyzing the market situation by that time.

[jrrsparkles]

The past two months saw Bitcoin rose from 5k to 14k. obvious. the move looks like a planned market.  it is was a free Bull market just like the Jan ,2018. as a result of this move,Many traders Were deceived by selling out their ALTCOINS to bitcoin in other to earn from the Bull market.

Currently, The bears are back. it looks like a free fall. from 14k down to 9k within two weeks.  Honestly, selling out again will be a total lost for people that left the altcoin Market to bitcoin.
MY OPINION: Dont sell out. Just hold. to avoid loosing out in two places. from indications, the bear can hit hard for long. How long can traders Hodl or will they sell out in panic. 

Firstly I don't see it as bear even though if it is the loss or profits depends on the user who bought it at what price.If they bought them in the beginning of prices to peak up thn they can be still in good profits because the price starts at $3000 to begin with.If they bought at the peak price like $14 then there is no reason for them to sell now since they just enteres so waiting is necesary.

[pawanjain]

The past two months saw Bitcoin rose from 5k to 14k. obvious. the move looks like a planned market.  it is was a free Bull market just like the Jan ,2018. as a result of this move,Many traders Were deceived by selling out their ALTCOINS to bitcoin in other to earn from the Bull market.

Currently, The bears are back. it looks like a free fall. from 14k down to 9k within two weeks.  Honestly, selling out again will be a total lost for people that left the altcoin Market to bitcoin.
MY OPINION: Dont sell out. Just hold. to avoid loosing out in two places. from indications, the bear can hit hard for long. How long can traders Hodl or will they sell out in panic. 

I seriously doubt if it's a bear market. I would certainly not consider it as a bear market. Although the price has gone down a little more than expected, we can consider it as a major correction.
We all know how quick bitcoin came to the $13k level. It obviously had to fall back a little to stabilize the market. I think that despite the fall back in price, bitcoin is still at a good price.
It has way too many positive reasons to increase in price quickly. So yeah, we should be holding on to our precious coins to make good gains later.

[ufaiz50]

It's up to how the user responds to the losses they experience, there are still many user who buy because of FOMO, even though the bes buy when dumping, but often the user is afraid to buy while dumping and likes to buy when pump. Because of the fluctuations that we don't know so HODL in my opinion is very difficult for them which is a current loss, if there are no other options to recover your losses then it is better for HODL.

[leowonderful]

I would not say the bear market is here yet given it's only been a few weeks since we dropped off from $14k and $13k respectively, but I would advise caution to anyone trying to margin long this recent dipping, as it does seem like there is now significant selling pressure overhead as we had a relatively weak bounce from $9k that ended up with a rejected break upwards into the $11ks and a bunch of sideways that led to where we are now. If you're playing for the long term, dollar cost averaging is still king and you should stick to doing that for the time being.

[Jating]

It's up to how the user responds to the losses they experience, there are still many user who buy because of FOMO, even though the bes buy when dumping, but often the user is afraid to buy while dumping and likes to buy when pump. Because of the fluctuations that we don't know so HODL in my opinion is very difficult for them which is a current loss, if there are no other options to recover your losses then it is better for HODL.

I think there's no more FOMO or at least it has stopped. Just look at the volumes, I think the last time we have seen this is months ago, and it is very weak in my opinion. The resistance and support in the 5 digits has been broken easily.

So just be cautious, I'm not saying that we are in a bear market, but there are bull traps around the $10k-$11k or we could trade sideways around that price up to the end of this month.

[awik p]

It's up to how the user responds to the losses they experience, there are still many user who buy because of FOMO, even though the bes buy when dumping, but often the user is afraid to buy while dumping and likes to buy when pump. Because of the fluctuations that we don't know so HODL in my opinion is very difficult for them which is a current loss, if there are no other options to recover your losses then it is better for HODL.

I think there's no more FOMO or at least it has stopped. Just look at the volumes, I think the last time we have seen this is months ago, and it is very weak in my opinion. The resistance and support in the 5 digits has been broken easily.

So just be cautious, I'm not saying that we are in a bear market, but there are bull traps around the $10k-$11k or we could trade sideways around that price up to the end of this month.

even today bitcoin is down at $ 9k +. indeed we must be wary of the whales who will take action. I think by putting together a strategy for yourself it will reduce the risk. by buying it in stages or vice versa, it can reduce the risk of the trap

[semobo]

The past two months saw Bitcoin rose from 5k to 14k. obvious. the move looks like a planned market.  it is was a free Bull market just like the Jan ,2018. as a result of this move,Many traders Were deceived by selling out their ALTCOINS to bitcoin in other to earn from the Bull market.

Currently, The bears are back. it looks like a free fall. from 14k down to 9k within two weeks.  Honestly, selling out again will be a total lost for people that left the altcoin Market to bitcoin.
MY OPINION: Dont sell out. Just hold. to avoid loosing out in two places. from indications, the bear can hit hard for long. How long can traders Hodl or will they sell out in panic. 

I think in this type of situation we definitely feel something different to sell only because if we feel that with low investment no one will try to hold it for long time so that selling is the best idea for everyone and if you avoid this situation also you will be better in very better quicktime

[Ahiaba]

I don't most of those people who usually try to convert their altcoins to Bitcoin and later get trapped by way of losing in both side because they don't Know how to analyze market trend and was why they usually get trapped along the lines. What I will advise people is that they should try as much as possible to research well before taking any trading decision to avoid heavy lose in your trading.

[MonsterV]

This is what investors do if they believe the market is due for good recovery.
Price down, it can only be because of correction, and it doesn't mean it will have a downtrend continue to its low again and then we will have a long bear market again. I think it's not gonna happen this year, the idea here is buy when price dump because eventually it will rise, that's how the trend shows.

Well indeed, and now I'm sure in the next few months there will be many people who regret not buying it now. Those who complain that bitcoin prices are down now will regret it, they don't understand how the trend works, how the market moves. They only trade in fear.

I don't most of those people who usually try to convert their altcoins to Bitcoin and later get trapped by way of losing in both side because they don't Know how to analyze market trend and was why they usually get trapped along the lines. What I will advise people is that they should try as much as possible to research well before taking any trading decision to avoid heavy lose in your trading.

The biggest problem for these people is FUD, I'm sure they are victims of FUD trying to manipulate the market. Someone who has had both technical and fundamental experience in trading sometimes they feel panic when the FUD affects their minds. And that's the problem now, there is a lot of panic selling.

[Pamadar]

I also suggest people to not sell now even if the bitcoin price drop a little i still think this is not the real price of bitcoin, and over time also altcoins should grow and is not good to sell now if sell then without any profit.

It's not good as well selling when you are at loss best to keep holding and allow the cycle to passed on, the moment for bitcoin and those good alts will come and it will bring a good profits if you learned to be patient, as time goes and the market will keep repeating the cycle, for those who understand instead of selling into panic they will add more and wait till the bounce to happen.

[Reid]

But even though we can say it is a manipulated one, we could also say it is a good one.
5k-14k USD? That is a lot.
And now we are at the bottom of 9k-10k USD. That is still a 4k-5k differential from our last bottom.

Now, we will just have to wait for another bull run which could happen anytime.
We are staying long with this range and I love it more than just jumping over to an amount which is really questionable to anyone, even us. Scary.

[michellee]

MY OPINION: Dont sell out. Just hold. to avoid loosing out in two places. from indications, the bear can hit hard for long. How long can traders Hodl or will they sell out in panic. 

If the price is good to sell and we can make a profit, then I think that will be a good way to sell some amount so we can get a profit in unstable situations. And if the market is down again after we sell, then I think that will be a good time to buy the coin again so at least, we can add more amount of the coin and we can then wait for a while until the price can increase again.

[akram143]

The past two months saw Bitcoin rose from 5k to 14k. obvious. the move looks like a planned market.  it is was a free Bull market just like the Jan ,2018. as a result of this move,Many traders Were deceived by selling out their ALTCOINS to bitcoin in other to earn from the Bull market.

Currently, The bears are back. it looks like a free fall. from 14k down to 9k within two weeks.  Honestly, selling out again will be a total lost for people that left the altcoin Market to bitcoin.
MY OPINION: Dont sell out. Just hold. to avoid loosing out in two places. from indications, the bear can hit hard for long. How long can traders Hodl or will they sell out in panic. 

in some situation will definitely not in the control because of rocks of reasons so that if we got angry and something leave it for long time then after that we feel better to make the decision normally like everything.

[RealMalatesta]

Point of correction I don't agree that the bear market is back also we have not yet gotten to the bullish run yet let say we are at a cross road with the bear market behind us and the bull market ahead of us. I would predict that we would head towards the bull run direction please don't get me wrong am not saying due to the fact that I am a bitcoin lover(well at least 40% the reason). But analytically we are heading for something big

If he understand what bear market is, he would know that it is not something he would want to call for this present situation, there is absolutely nothing near bear market here, though not that bear market has gone forever, but not until there is another all-time-high, because all-time-high is what usually make investors forceful push the market to bearish trend when they start selling their coins at peak.

Many people just need to understand that there is always correction during uptrend, and this is not the first time we are seeing this, maybe people have suddenly forgot that even during the last bull run when bitcoin ran for 7 consecutive weeks, we still had lots of corrections, although it was always short and not as long as we have it now.

[bastian466]

Those who sell in panic when they see a falling market will regret when they see the market rise again, they will lose the chance to profit, at that time the traders must be really observant to take action and practice patience with a sense of calm

[BitHodler]

Now, we will just have to wait for another bull run which could happen anytime.

Another bull run? If we are in the process of entering a bear market, which certainly might be the case, then we won't be seeing another bull run for at least 6-12 months depending on how long it drags on.

If the above applies, after the block halving we will very likely initiate another bull run with how we have enough historical evidence to back it up. I would love to accumulate some cheaper coins before we get there.

We are staying long with this range and I love it more than just jumping over to an amount which is really questionable to anyone, even us. Scary.

Looking at the charts, the price looks like it wants to go lower with how it has been checking the bearish momentum boxes that you want (or don't) want to see checked, so don't consider current range to be safe.