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Author Topic: Sigh... Do i need to hold and sell it later or now? Quite tricky situation.  (Read 913 times)
GDCGazua (OP)
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January 23, 2020, 03:29:38 AM
Last edit: January 23, 2020, 03:58:42 AM by GDCGazua
 #1


I am holding about 1.2 BTC now

But I need a money until Feb 22nd.

Should i hold until Feb 21nd and sell it? or Sell it now?!!

What do you guys anticipate in BTC price until next month?
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January 23, 2020, 03:48:30 AM
 #2

Should i hold until Feb 21nd and sell it? or Sell it now?!!
If you really need money by Feb 22nd  then sell jus how much you need by that date then get to keep the remaining bitcoin you have. Just make sure you leave some bitcoin for holding purposes so that when bitcoins price goes pump you can still have profit.
What do you guys anticipate in BTC price until next month?
To be real I am expecting bitcoins price to be dump by next month or the next few months because of the halving effect, bitcoins price tends to dump before halving every year so I am expecting it to be the same way around this year.

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January 23, 2020, 03:50:42 AM
 #3

There's really no way to know as in my opinion it's pretty much just 50-50. Personally though, I'm fine with bitcoin's current price. So if I were in your situation, I'd just sell BTC until I have enough money to cover the amount of money that's needed for the 22nd.

If you're scared that if you sell now, it might go up in price, also remember that it could also drop in price. So regardless how the market moves, don't blame yourself if you've made the wrong decision.

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January 23, 2020, 03:53:02 AM
 #4

But I need a money until Feb 22nd.
What do you guys anticipate in BTC price until next month?

it doesn't matter what price you predict could be reached, you should have never invest what you could afford to lose or the money that you needed. so the answer is to sell now and only invest the money that you don't need (can live without).
for example instead of 1.2BTC or ~$10k you can invest $2k that way you are taking a smaller risk while still having an investment in bitcoin.

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January 23, 2020, 08:47:31 AM
 #5

February 22nd is still a month away, and the price may go up significantly, or crash down. If the Bitcoin you have, when converted to fiat, is already enough or is much more than what you actually need, then it's better to convert now than later. The risk is too high if you still decided to hold and the time is not enough to wait for another pump.

The thing is we cannot predict when would be the lowest price. Some expect that the lowest would be on February, but all are only prediction really.
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January 23, 2020, 08:58:17 AM
 #6

if you need money, you can sell all of your BTC now because it is your right to sell it, but if you only need a little you can sell 0.2 BTC for your needs, I cannot guarantee that the price will be good in February, all people may be waiting for the bitcoin price trend to continue rallying above $ 9k, you can think again of all the decisions in yourself

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January 23, 2020, 09:07:16 AM
 #7

It is really hard to tell on what will be the price of bitcoin until next month. But you still have a lot of time to watch the market and wait for the right time to sell if you really need your funds. Also, just see for yourself if this btc you have right now or your investment already gave you a decent ROI, if so, you can get your money so you don't need to think of the possibilities like the sudden dump of price of bitcoin.

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January 23, 2020, 09:19:34 AM
 #8

This decision would be hard to do if you depend on others' opinions. I suggest that you think well enough about it. There are two factors to consider about, IMO.

  • Are you willing to take the price now knowing that it's around $8400~$8600?
  • Do you accept the risk that it could go higher or lower, knowing that no one could predict it

It's best to consider knowing that it could go anywhere. The best thing to do now is to prepare yourself with your emotions that it could go on a roller coaster ride or risk it and have a better conversion rate.

P.S. No one could genuinely help you with this one but yourself.

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January 23, 2020, 09:31:07 AM
 #9

if you sell it now, have you made a profit? approximately, how much money do you need for February 22? Do you have to sell all of the BTC you currently have, or is it enough to sell only a small portion? if you only need a little money and enough to sell a little of your current BTC, sell what you need. the rest you can hold for the "possibility" of the next pump. if you have to sell it all, do it, because we don't know what will happen to bitcoin next month. everything done here is a "probability" prediction. your needs are more important than following the prediction flow, although we believe bitcoin has a bright future.
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January 23, 2020, 09:39:39 AM
 #10

As you have said, you need the fund by next month, don't sell it for now, sell it only if you really need to. Just find a good timing on selling your bitcoin, that way you can increase the amount of your funds. You just need to be patient and wait for the right timing to sell. But the final decision will still be yours, you need to make your own decision and you should follow it.



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January 23, 2020, 09:50:08 AM
 #11


I am holding about 1.2 BTC now

But I need a money until Feb 22nd.

Should i hold until Feb 21nd and sell it? or Sell it now?!!

What do you guys anticipate in BTC price until next month?
Frankly speaking, there is some ambiguity in your statement but if you simply mean that you need money by Feb 22nd then I guess there is more room for you to hold and see how the price rises. For instance, you can decide to peg your BTCs at current price and sell of the profits when the price of Bitcoin increases.

Any way always go with your instincts k, we are all sharing our thoughts, yours matters the most so make a good decision!

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January 23, 2020, 10:25:40 AM
 #12

You know, the fact that you are really having a second thought and your curiosity of the possible price of bitcoin until the date you needed your fund only shows that you don't want to sell it. Why don't you follow your instict right now. Because if it was me, I will hold it and wait before Feb 22nd to come. It is better since I can at least have a chance to sell at a higher value in case that bitcoin pumps.

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January 23, 2020, 11:05:57 AM
 #13

I am holding about 1.2 BTC now
But I need a money until Feb 22nd.
Should i hold until Feb 21nd and sell it? or Sell it now?!!
What do you guys anticipate in BTC price until next month?
As long as price remains well below $8,450-$8,500 you can consider more falling. The next bearish objective for sellers is set at $8,000 a bearish break of this support would revive the bearish momentum. The sellers could then target the support located at $7,600 If there is any crossing, the next objective would be the support located at $7,200-$7,300. over 60 percent of the signals given by moving averages are bearish. From the total of 13 technical indicators the five of them considered buy, seven sell and one neutral. However, holding bitcoin has been profitable for 99% of It's existence. Instead of selling, find another way to solve your financial need.
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January 23, 2020, 11:09:37 AM
 #14

if i were you i would try to analyze the market myself and come up with my own speculation rather than asking others like this. even if you make mistakes it still is going to be your own experience.

but if you want my prediction i think price is going to slowly rise and until February we may be well above $10k. but as others always point out it is not possible to predict bitcoin.

There is a FOMO brewing...
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January 23, 2020, 11:16:04 AM
 #15

I am holding about 1.2 BTC now
But I need a money until Feb 22nd.
Should i hold until Feb 21nd and sell it? or Sell it now?!!
What do you guys anticipate in BTC price until next month?
Sell now.

You shouldn't speculate using money that isn't made for speculation. That money should not be invested anywhere. That's the basic principle in investing. This kind of reckless financial decision can destroy people's lives easily.

However, holding bitcoin has been profitable for 99% of It's existence.
Nonsense. There are more bearish years than bullish in Bitcoin history. If you bought the 2017 top then you are nowhere near profit right now if you just keep holding from the top.
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January 23, 2020, 12:02:03 PM
 #16

There are crypto lenders out there where you can take usdt against your bitcoin by paying just a little interest. By this you dont have to miss the next bull run and can even get cash for your immediate need.

But if there will be a dump dont forget to liquidate your crypto inside the lending platform and pay what you have taken.

 
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January 23, 2020, 12:13:30 PM
 #17

If one trader's opinion matters to you then you should know this:

- Not much chances to go above 9K in February.
- In March it will probably wiggle between 6k and 8k or even go lower.
- Selling now is the best thing to do.
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January 23, 2020, 12:17:16 PM
 #18

If one trader's opinion matters to you then you should know this:

- Not much chances to go above 9K in February.
- In March it will probably wiggle between 6k and 8k or even go lower.
- Selling now is the best thing to do.
But there are speculations that after the halving the price of the bitcoin will rise. So probably if this scenario will happen we can earn a lot of money probably on April or May. So definitely nobody knows if this will be possible but it is much better if we dont believe the hype and let this scenario happen in the future coz if we expect too much we will probably hurt so much if this would be happen.
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January 23, 2020, 12:24:04 PM
 #19


I am holding about 1.2 BTC now

But I need a money until Feb 22nd.

Should i hold until Feb 21nd and sell it? or Sell it now?!!

What do you guys anticipate in BTC price until next month?
Sometimes i have experience like yours. But what i do is after i sell my BTC, i know i can't regret it. Why? Because no more choice. (in case you OP don't have other option than sell your BTC) and sell it only in that amount of money you needed so you can save some.

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January 23, 2020, 12:49:59 PM
 #20

This is really a deciding factor on your situation because we can't tell and give you an appropriate answer what will happen by that time. We can give our speculations and predictions but it's not enough to say that it will be accurate as what we're saying. The answer is most that is anticipating that bitcoin will pump because of halving but it's an opinion by everyone. You need to decide clearly whether to sell or not prior to the date that you need money.

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