Should I sell bitcoin now?

[eaLiTy]

Everyone is telling that bitcoin is going to 3K. Every news and notifications points that the trend is going towards 3K.
Bitmex CEO is twitting he believes bitcoin could go even as low as 2100, so would it be better to sell my bitcoin now and buy for 50% cheaper?
Seems like everybody are trying their best to decrease the price, it might be better to move with the herd?

You cannot listen to a third part and make decisions when it comes to decision making on investments, there is no point in panic selling because someone said so, if the market goes down then make sure you have the funds to invest during that period rather than selling off the coins, the only positive aspect you need to consider when taking these decisions is the expected long term valuation.

[ScamViruS]

Everyone is telling that bitcoin is going to 3K. Every news and notifications points that the trend is going towards 3K.
Bitmex CEO is twitting he believes bitcoin could go even as low as 2100, so would it be better to sell my bitcoin now and buy for 50% cheaper?
Seems like everybody are trying their best to decrease the price, it might be better to move with the herd?

Why would you trust an Exchange CEO's tweet? I have seen almost every CEO who influences retail traders in a different way. They will encourage you to open your position, so that they can liquidate your position later. Even same case with the binance CEO's tweets, many trader open counter trade if he tweet any market price related topic. And its success rate is much higher.   So stop following such people. They all are businessman they always encourage you wrong way. So it all depends on what you want to do.

[carlfebz2]

Everyone is telling that bitcoin is going to 3K. Every news and notifications points that the trend is going towards 3K.
Bitmex CEO is twitting he believes bitcoin could go even as low as 2100, so would it be better to sell my bitcoin now and buy for 50% cheaper?
Seems like everybody are trying their best to decrease the price, it might be better to move with the herd?

It all depends on you since its your money after all but i would like to give and advice that you shouldnt let yourself get affected too much with those sentiments no matter how popular the person is, dont listen to any speculation of prices given.The market had been always unpredictable ever since and we have seen hundreds of price calls from realistic to unrealistic ones.So its better to make your own decision
if you do sell now or accumulate further and this is what differs each trader from each other.You can listen to others but doesnt mean that it would be completely be copied or you do rely on those things 100%.

[Oasisman]

Why would you sell your asset when you can choose to not worry regardless if Bitcoin will fall as hard as $3,000, because it'll open up an opportunity to buy more right? Selling today doesn't guarantee you anything, that's a lossing move. Let's say Bitcoin will fall, but it didn't reach the bottom you expected, then that's when the regrets kicks in. The same happens when Bitcoin will make a good run after you sell.
The right move would be avoid selling anything in this market condition, unless you're day/short trading.

[Kelvinid]

I smell price manipulation around if that will happen.
I shouldn't have to worry about this pronouncement/tweet because in the first place nobody could actually predict what will happen or he was trying to manipulate newcomers to sell their Bitcoin and bought it. We don't know what will happen next, it all has been unpredictable.
Should I have to sell my bitcoin now? I don't think so and I keep holding. But of course, we have to track the market trend for us to be aware of what is going on, not just be confident enough.

[Ridwan Fauzi]

What your intention to buy bitcoin? I mean did it for long term investment or short term investment?

So it is depend on your intention/strategy, don't be depend on someone's suggestion because they would be wrong.

But my decision is always hold when bitcoin price went down. I choose for long term investment and I'll never sell my bitcoin before the price that I need is reached.

[rodskee]

What your intention to buy bitcoin? I mean did it for long term investment or short term investment?

With this question in the OP?i am sure that He has no real answer because if He knows what he wanted there is no question arise here.
Like me that i decide to Hold so i will never ask this specially in dumping season like this now.when the value of Bitcoin and the top altcoin is really falling (but of course we consider this as option to decide)price may fall again effect of this pandemic or will rise soon if the cure finally found.
so whatever you decide is will dictate the future of investment.
but if i am to ask?nope Just keep holding and prepare for the worst since this is the nature of crypto investing to risk if you wanted to earn,or to sell if you are not.

[DevilSlayer]

What are your trading objectives after? If you will answer that then you will get the information about when is the right time for you to sell. Trade is objective is all about your goal and your strategy, did you buy because you want to hold and to wait the next bull run or did you buy because you want to do range trade. If you want to wait the next bullish run then it is better if you hold but if your trade objective is to range trade where you are gonna sell it in resistance than maybe you should sell now because the price of the bitcoin bounced when it hit its major resistance.

[Findingnemo]

Everyone is telling that bitcoin is going to 3K. Every news and notifications points that the trend is going towards 3K.
Bitmex CEO is twitting he believes bitcoin could go even as low as 2100,

If someone saying sell your bitcoin then it is the real best time to buy bitcoins.

They have no reason to tell you about price decrease even if they know what will happen in the future so all they are doing it for their personal benefits.

[inanilujimi]

the market is unpredictable, who would have thought BTC reached $ 4k last month ??
and now it's around $ 6-7k.
no one can answer this question very accurately, all are just predictions but what I know if there is a sharp price drop is the right time to buy.

[adaseb]

Its pretty crazy how many people believe what Arthur Hayes is predicting about the future price of BTC and they basically blindly follow him. From what I recall he made like 3 predictions in the past.

First one was during 2018 when he said it would go to like $50K or some crazy figure. Then at the end of 2018 or beginning of 2019, when BTC bottomed he said something like "winter is not over yet" meaning there was more bear market to come.

He sort of got his last prediction correct, was sometime after April 2019, where he predicted something like $10K. Which actually happened a few months later.

[exstasie]

Everyone is telling that bitcoin is going to 3K. Every news and notifications points that the trend is going towards 3K.

Most of my feed has actually been bullish. Prior to this little dip off the $7,400s they were all expecting the upper $8,000s or $9,000s. Many still are.

Bitmex CEO is twitting he believes bitcoin could go even as low as 2100, so would it be better to sell my bitcoin now and buy for 50% cheaper?

I think that was this guy, who was referenced in a Cointelegraph article about Arthur Hayes: https://twitter.com/CryptoCapo_/status/1247070294621257728

This is what Arthur actually said. Short term possibilities aside, he's very bullish on BTC:

Could the price retest $3,000? Absolutely. As the SPX rolls over and tests 2,000 expect all asset classes to puke again. As violent as the Q1 collapse in asset values was, we have almost 100 years of imbalances to unwind the ancien régime. My end of 2020 price target remains $20,000.

Everyone knows the shift is upon us, that is why central bankers and politicians will throw all of their tools at this problem. And I will reiterate, that is inflationary because more fiat money will chase a flat to declining supply of real goods and labour. There are only two things to own during the transition to whatever the new system is, and that is gold and bitcoin.

If you think I’m full of shit, or a stark-raving Cassandra, remember what you believed in pre and post-COVID. Can your mental model revert back to January 2020? I will take my inflation adjusted pocket rockets (gold and bitcoin), and call your Bretton Woods seven two off suit. All in, mother fuckers.

[LogitechMouse]

If we say yes sell it now, are you willing to do it??
If we say don't sell it now and buy at this moment are you willing to do it??
If we say that don't sell or buy either, are you willing to do it??

My point is that, why are you asking here where it is your own money that is at stake?? It is your own money and you must be the one to decide because we can't give any accurate answer to your question. Some might say here that you must sell it right now. Some saying you must hold it because it will go higher more. In the end it is your decision so don't ask things like this.

[Lucius]

if someone told you that bitcoin will fall @$3000 is totally a big lie.  They want to create panic and its thier opportunity to full thier bags with bitcoin, after a month or two after the dump they will say bitcoin will reach 11,000..

Why do you think this is not possible? Exactly a month ago BTC drop from $8000 to $4000 in one day, in which BitMEX played a major role with forced liquidation of $700 million in just 15 minutes. What in my opinion triggered the avalanche is the declaration of a pandemic and the sharp fall in oil prices that followed.

The pandemic cannot be declared again, the oil price is at record lows, the stock market is relatively stable, so the question remains what should happen again to test the $4000 level? BitMEX CEO is saying that stock market will go down again, and that is just speculation - I believe there is a chance that this will happen, because it all depends on how badly the virus will hit the USA, and at moment the situation is not looking good.

Believing or not believing someone is a matter of choice, it is important to be prepared for anything, and this includes a decrease in the price of BTC.

[jhonjhon]

Maybe you should...but me, I have to hold and buy more bitcoin if that will happen.
I have to watch closely how the trend moves. We're not saying that there is no possibility that we drop $3k as it happens before but we all be wondering and might not be affected by this because we are thinking much for the coming halving and we are more hopeful that we make pumps rather than dumps.

Well, that is the only prediction, it is up to us if we believe or not.

[Quidat]

Maybe you should...but me, I have to hold and buy more bitcoin if that will happen.
I have to watch closely how the trend moves. We're not saying that there is no possibility that we drop $3k as it happens before but we all be wondering and might not be affected by this because we are thinking much for the coming halving and we are more hopeful that we make pumps rather than dumps.

Well, that is the only prediction, it is up to us if we believe or not.

On a very unpredictable market it cant really be avoided to have second thoughts or hesitations when we do tried to invest or even selling.
Nothing is assured that we would pump out or would dump on because it had proven for how many times that the market doesnt move
correlated from any events that do happen around.There might be some good sentiments but doesnt guaranteed out that it will happen.
Profits are only to those who do risk and do able to make out their positions on the right time.

[2alt]

To add as I really didnt answer the question.

If you are worried to that level, you have way too much invested in BTC. Cash is king right now. 10% of my total net worth is invested into BTC. So not too worried. That percentage will go up or down depending on what BTC does.

But don't ever invest so much into BTC / Stocks that you are worried. Figure how much you want to invest, put it on your nano ledger and just forget about it.

We are in the infancy of crypto. In 10 years BTC may be worth 100K or in 10 years a completely new system comes out and BTC is worth $0. Consider that and invest accordingly.

None of this applies to traders. Putting 50% of your total wealth into BTC to trade is fine. You can dump it at your stop loss. However I would not recommend my worst enemy to invest 50% of their total wealth into BTC cold storage. (Think about all the silly people that invested everything, took loans, refinancing their homes, etc in 2016. They all got burned immensely hard).

Remember cash is king....for now.

[Febo]

Everyone is telling that bitcoin is going to 3K. Every news and notifications points that the trend is going towards 3K.
Bitmex CEO is twitting he believes bitcoin could go even as low as 2100, so would it be better to sell my bitcoin now and buy for 50% cheaper?
Seems like everybody are trying their best to decrease the price, it might be better to move with the herd?

I dont get where you see that everyone predicting that?  Dow Jones made more then 10% this week. That is like Bitcoin would make 50%. Bitcoin is behind all that stock optimism. If stock market is not wrong ( it could be) then Bitcoin will follow.

The feds are printing money non stop and pumping the market is why.

Monday - 60 bill
Tuesday - 60 billion
Wednesday 60 billion
Thursday - 2.3 TRILLION to hide unemployment.

Printing money is only bullish for Bitcoin. OP claims that everyone is bearish on Bitcoin. I am asking him who are those bearish people and why are they bearish.

[arwin100]

Everyone is telling that bitcoin is going to 3K. Every news and notifications points that the trend is going towards 3K.
Bitmex CEO is twitting he believes bitcoin could go even as low as 2100, so would it be better to sell my bitcoin now and buy for 50% cheaper?
Seems like everybody are trying their best to decrease the price, it might be better to move with the herd?

Do you even believe on them? remember they are businessman and not a predictor so might they release that tweet just to upset people and possibly dump the price so that they can buy at the lower cost, remember we are heading at halving and its nearly happening so expect more fuds comes just to confuse people for their personal gain.

But if you want to secure sell it now and see on what happen in future.

[Smitty Werben Man Jensen]

Everyone is telling that bitcoin is going to 3K. Every news and notifications points that the trend is going towards 3K.
Bitmex CEO is twitting he believes bitcoin could go even as low as 2100, so would it be better to sell my bitcoin now and buy for 50% cheaper?
Seems like everybody are trying their best to decrease the price, it might be better to move with the herd?

if you have a lot of funds or capital, maybe it's better to prepare 50% for the worst case scenario, which is Bitcoin goes to $ 3000, Bitmex CEO said that because as a trader, traders don't trade using 100% capital, that's an important lesson, hopefully the worst case scenario does not happen