Don;t be tempted to Sell OUT; HODL

[gabbie2010]

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. 

On numerous occasions the price of bitcoin dumped while it recovers within the shortest period of time thus the bulls took over the market this scenario had repeated itself consistently thus I don't have any reason to panic and sell rather than hodl the your opinion is very reasonable why selling Altcoin for bitcoin and selling when it dumped? obviously losing at both sides is a bad trading idea the best bet is to wait again for bitcoin to pumped again which is imminent with some patience bearing in mind that price history repeat itself.

[justdimin]

It is easy to tell people to hold but some people are putting their whole lives into this bitcoin mess we are so accustomed to and its not easy for them to watch their lives work gone in seconds. I know they shouldn't do it, I know you should only invest money you can afford to lose but at the same time I know that people are not going to do that, at least not all people.

There will always be people who are looking for a quick way to make money and they will put up their life's efforts and all savings into bitcoin all at once because they want to get rich quick and they think bitcoin is the thing that would make them not work again ever. I know its the wrong behavior but people just do that. In that case its normal that they get panicked and sell all their holdings.

[maxreish]

At the moment we sell our coins and it pumped, we regret it. And the moment we hold and it dumped, we still felt regrets. Easier said than done but we are just human who feel such emotions- temptations, greed, confidence. But we have to remember why we get started here in crypto space, that is to gain profits. That is our main goal, the market is hard to predict and let us decide which side is safe. To hold or to sell.

[omonuyak]

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. 

Thank you for this wonderful advice and for those that are not well informed on how this market work I think the op has really given you nice advice. Therefore we can only add as experienced traders and investors. If you want to make it in this market then you have to get who can teach you to be patient and smart. The market is full of smart investors and if you really want to make profits then you should learn to do what they do part-time.

[Vaculin]

At the moment we sell our coins and it pumped, we regret it. And the moment we hold and it dumped, we still felt regrets. Easier said than done but we are just human who feel such emotions- temptations, greed, confidence. But we have to remember why we get started here in crypto space, that is to gain profits. That is our main goal, the market is hard to predict and let us decide which side is safe. To hold or to sell.

Holding everytime the price drops is a really a good idea and only sell them when there is a good market price already. But if you think you are losing more in holding, then you can sell your coins with the current price and buy new coins again for investment. Crypto is really risky so you should know how to stand on your own and not just relying on others for decisions.

[AliMan]

We can't guarantee that we couldn't sell out, that's an emotional battle of every traders. Holding your coins is a playing safe strategy and for sure that's the best way to take profit secured once you waited for the right day your asset will achieve a huge value.

[Nhebu]

Not all times! Selling of bitcoin or cryptocurrency is also good specially if you know that it will go down severly. Maybe, I can use it in stock. Holding is the key in stock market because it has only a low volatility compared with cryptocurrency that can dump or pump 10x than its value. Hold is just for a small amount of spiked, if you invested during the downfall of bitcoin last 2017 and you hold, until now you did not have the profits.

[rodel caling]

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. 

do not affraid and worry for this market drop situation if people understand well what is bitcoin moves as volatile crypto currency I think there's nothing to ague for this price drops.
The key for this is patience and calm control emotions some people Experience loses because of greedy but they can't blame them because they want to get back their investment lose during the bear market.

[stomachgrowls]

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. 

do not affraid and worry for this market drop situation if people understand well what is bitcoin moves as volatile crypto currency I think there's nothing to ague for this price drops.
The key for this is patience and calm control emotions some people Experience loses because of greedy but they can't blame them because they want to get back their investment lose during the bear market.

There are really times that emotion is way too disturbed where ourselves or our self control cant able to control it which in result making some mistakes that shouldnt really be done.

Tempting on selling out is there but your goal and self discipline would really stop you on doing such thing.If you do saw that its the right time to sell out then do it but dont
do it on loss.

[Slow death]

How long can traders Hodl or will they sell out in panic. 

look at the current price (price of July 26):



It's been 9 days since your post and the price is oscillating between $10500 to $9300, that means there is not something that immediately catalyzes a huge increase in price and as a result the price is slowly dropping, I would not be surprised that we next few days let's see the price of  $7000

If you do saw that its the right time to sell out then do it but dont
do it on loss.

it's better to lose a little than lose a lot, which is why we should have a strategy

[Janation]

We can't guarantee that we couldn't sell out, that's an emotional battle of every traders. Holding your coins is a playing safe strategy and for sure that's the best way to take profit secured once you waited for the right day your asset will achieve a huge value.

Don't use your emotion, that will just hinder your decision skills.

There are a lot of things for you to consider like the price charts, news that can affect the price of the cryptocurrencies you are holding, you don't need to rely on your emotions. If you always rely on your emotions, I think you are the worst investor, trader, and holder fo the time.

[FrozenBit]

 If you have hold a bitcoin for a long time, please continue to hold it. Like me, I have been holding bitcoin when buying them in May. I always have a strong belief that its value will increase dramatically at the end of the year like 2017.
The positive will make us rich because Bitcoin is a deflationary mechanism, its value will increase every day.

[qtronix]

This was the expected market correction and it would be foolish to sell something now. Now, on the contrary, we need to invest, because after this correction, a new wave of growth will come.

[imstillthebest]

This was the expected market correction and it would be foolish to sell something now.

no its not expected and no one knows that there will be a correction that will happen but its not really a foolish move to sell something if you know that you will be needing the cash

hodl is the word for those who are strong handed people and for those who are already make a promise that they will not sell until they dont reach thier goals  .

[Genamant]

Many people have said that the price of BTC will increase sharply in the end of this year and the price reduction is only a small impact of traders.
I believe that with the appearance of libra, everything will change, the market will be green for several weeks. Please hold the alts top and BTC now.

Every year we have predictions that Bitcoin price will have big growth at the end of the year but it's not always so. Remember the last year. And corrections are possible all the time so sometimes users get tempted to sell but thus they usualy only loose more. So it's very important to have your own strategy and agenda.
Anyway, I don't think that Libra will make such major changes as many think or influence the Bitcoin in significant way. But the time will tell, so we will know soon.

For me Libra would make a significant effect in crypto because of the billion users of facebook
In the sense of adaptation and spreading the idea of internet money will definitely lead a huge population to knowing cryptocurrency.

[NeuroticFish]

For me Libra would make a significant effect in crypto because of the billion users of facebook
In the sense of adaptation and spreading the idea of internet money will definitely lead a huge population to knowing cryptocurrency.

Libra certainly has a big effect, in awareness, but also in opposition.
Libra has supporters and has opponents. Misinformation flies and many will be against Bitcoin because of this.
Libra may bring certain regulations which may be good or bad.

The result is quite a big level or uncertainty. Also don't forget that it's summer time, which is slower, and some will wait with their investments until at least the autumn.

[maydna]

This was the expected market correction and it would be foolish to sell something now. Now, on the contrary, we need to invest, because after this correction, a new wave of growth will come.

Investing in many altcoins will be a good idea right now because we saw so many altcoins reached the lower price again, so it means we can get more discount price for each altcoin. But this situation cannot be predicted as we don't know what will happen with the market later so if you decide to invest more, make sure you already analyze the position of each altcoin so you can find the right price to buy. Don't forget to prepare some amount of money to purchase and don't use all of your money in one-time buys.

[cryptoloverlife]

This was the expected market correction and it would be foolish to sell something now. Now, on the contrary, we need to invest, because after this correction, a new wave of growth will come.

Investing in many altcoins will be a good idea right now because we saw so many altcoins reached the lower price again, so it means we can get more discount price for each altcoin. But this situation cannot be predicted as we don't know what will happen with the market later so if you decide to invest more, make sure you already analyze the position of each altcoin so you can find the right price to buy. Don't forget to prepare some amount of money to purchase and don't use all of your money in one-time buys.

That is the best way to plan instead of purchasing all at ones, we need to split them into multiple buys and it will really us to grab more coin when the altcoin price drops again. Already the prices of altcoin went very low which seems to perfect time to accumulate more coins in the market.

[Thanasis]

Many people have said that the price of BTC will increase sharply in the end of this year and the price reduction is only a small impact of traders.
I believe that with the appearance of libra, everything will change, the market will be green for several weeks. Please hold the alts top and BTC now.

Every year we have predictions that Bitcoin price will have big growth at the end of the year but it's not always so. Remember the last year. And corrections are possible all the time so sometimes users get tempted to sell but thus they usualy only loose more. So it's very important to have your own strategy and agenda.
Anyway, I don't think that Libra will make such major changes as many think or influence the Bitcoin in significant way. But the time will tell, so we will know soon.

For me Libra would make a significant effect in crypto because of the billion users of facebook
In the sense of adaptation and spreading the idea of internet money will definitely lead a huge population to knowing cryptocurrency.

Libra is not decentralized so it is not going to teach people about the cryptos through using it.

In my opinion people won't take libra as serious thing since its just have same value of fiat money so no one would consider it as investment so adoption wont be there.

[stadus]

Libra is not decentralized so it is not going to teach people about the cryptos through using it.

Libra is not but crypto now is not all compose of decentralized coins, there are also coins that are centralized which are the stable coins, and Libra belongs to the stable coins group and will sure lead the group.

In my opinion people won't take libra as serious thing since its just have same value of fiat money so no one would consider it as investment so adoption wont be there.

I disagree, Libra is a real store of value, and people needs this in their online transaction and it's easy because facebook users can do transaction using Libra. I think it's the easiest and if people really does not take it seriously, then why is it that the US government are so concern with Libra's launch?