Should I sell bitcoin now?

[buwaytress]

@exstasie: Referencing your separate post on sentiment, isn't it strange the last 2 or 3 coverage pieces about Arthur Hayes have been strangely bearish in tone -- when the guy has been one hell of a permabull? So strange, yet so typical, how sentiment can sometimes be derived via an out-of-context quote, huh?

What are your trading objectives after?

Gee, I wonder what a guy's objectives are for trading? Such a mystery isn't it?

[samcrypto]

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?

No one knows, those are just the predictions and they are also not sure about that. You have to know when to sell and when not to panic, those people maybe just creating a panic so they can buy cheaper bitcoin. If bitcoin becomes cheaper again then that’s fine, we have to buy on that level and wait again for the bull run.

[South Park]

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?

The first thing that comes to my mind when I read your comment is that you need to stop listening to other people and develop your own strategy and determine what you want to be, so do you want to be an investor or a trader? If it is the former then you need to hold your coins and not sell them unless bitcoin hits your target price, but if you want to be a trader and get advantage of the fluctuations in the price then you need to read many books about the subject, develop a profitable strategy and only then decide whether to keep holding your bitcoins a little bit more or sell them before the price goes down.

[exstasie]

@exstasie: Referencing your separate post on sentiment, isn't it strange the last 2 or 3 coverage pieces about Arthur Hayes have been strangely bearish in tone -- when the guy has been one hell of a permabull? So strange, yet so typical, how sentiment can sometimes be derived via an out-of-context quote, huh?

A lot of people don't understand that markets move as cycles with cycles within cycles. You could be short term bullish, mid-term bearish, and long term bullish all at the same time. Cointelegraph and the others ignore all that and just feed us the most extreme headline they can.

Myself, I somewhat share Arthur's sentiment, though I have doubts BTCUSD can reach the levels of panic seen last month. In fact I think both markets may eventually make higher lows (not lower lows) before a sustained recovery. I think he's jumping the gun with his $20K by year end call, but I do think we are still on track for a very bullish 2021, as crazy as that sounds: https://bitcointalk.org/index.php?topic=5196072.msg54020305#msg54020305

[Eclipse26]

The market value of cryptoa not only Bitcoin, at this moment is probably caused by the pandemic. Not totally a direct effect but more likely "an effect of an effect". What I mean is that, Corona virus has nothing much of an effect but how it affected people as well as the economy of different countries might have triggered a downfall. Companies, and establishments are forced to stop operating. People are pulling their investments including cryptoinvestment to prioritize what would they need in daily living given that in some places there is now shortage of services and goods. To make it simple, many people have sold their holdings already but it is not their fault to choose survival over profit that would be waited without assurance of until when.

So if you are not that affected by the pandemic, and could still afford not pulling your investment, be thankful and do not do the same thing just because you are afraid to lose money as the market value us falling.

[Dart18]

The big question.

Are you really willing to risk that much for a better profit or for a larger regret?
Do you have the guys to do it.

Those are the questions I always I ask myself whenever I see this kind of hype/FUD that is lurking all over social media or even this forum.
I don't have much of a courage to do it. So I always stay on the safe spot.
The safe spot for me is to just hold it until I feel like really selling it.

[plvbob0070]

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?

No one knows, those are just the predictions and they are also not sure about that.

Exactly, why would you believe in such prediction when there's only a small chance that it will happen, and I'm sure you are also aware that bitcoin is unpredictable and volatile so anytime the price might get pump or dump. I guess I will hold my bitcoin no matter what happens unless I badly need the money like what's happening right now which we have been facing a huge crisis. Just because a well-known person said it, you will just instantly believe that. And if you going to use their prediction/opinion as your basis to sell, I guess it's not a good idea and always comes up with your own analysis so you will not regret your decision. Seems most of the previous reply here has the same answer to the question which is HOLD and probably, this is the only option right now if you don't want to have any regrets. And, for the better of having good profit, I rather risk my bitcoin on holding than just selling it because of such prediction/s.

If ever bitcoin goes dump, just continue and keep on holding because I swear you will not regret holding your bitcoin.

[Reid]

It did went down for so much just a month ago. Like 4.8k right? I think that is already the right time to buy it.
But this as a selling point. Not in my view. Not yet.

Although there is a virus that is circulating around the world it is not yet the time for investors to sell their bitcoins and just save it with cash.
That will be a waste I think, specially to those who are not yet at ROI.
You might have seen some slight decrease but those could just be people who are now having a hard time to make money and are now in need to buy necessities so they jump into selling their bitcoin.

[FanEagle]

Bitcoin should never really be something that you may want to sell, after all we are talking about something that is a long term project and not a short term gain. If you are involved with bitcoin for trading and making quick profits than do whatever you want to do, I can't talk on your behalf and you should be looking at charts and situations every single week that changes, which means the answer you will hear here, will be changed by the time person writes it to time you read it.

However if you are long on bitcoin and think that in the long run it is a good concept, you should keep it, no matter what happens to bitcoin, I believe in the end we will see an increase eventually, maybe in a day, maybe in a year but it will definitely happen. That is why quick drops never scares me.

[Slow death]

Everyone is telling that bitcoin is going to 3K.

who are these people who are saying this? if you look at the price, you will notice that it is stagnant at  $6000 and it doesn’t seem to fall below  $6000, so don’t worry about what these analysts say

Every news and notifications points that the trend is going towards 3K.

ask yourself: when did they get their price predictions right?

Bitmex CEO is twitting he believes bitcoin could go even as low as 2100

he always fails to predict

[SeaBits]

Everyone is telling that bitcoin is going to 3K.

who are these people who are saying this? if you look at the price, you will notice that it is stagnant at  $6000 and it doesn’t seem to fall below  $6000, so don’t worry about what these analysts say

Every news and notifications points that the trend is going towards 3K.

ask yourself: when did they get their price predictions right?

Bitmex CEO is twitting he believes bitcoin could go even as low as 2100

he always fails to predict

I'v read countless articles, you can tell if the news outlet or article writer wants you to believe in buying more or selling now. In this community I've seen much speculation about the positive effects of the "halevneing". It's an interesting time, in previous years there was less going on in the world. Others have brought up good points like are you a investor or a trader? Come up with a plan and that will determine your path.

[Stedsm]

I believe that the technicals are giving pure sign of a downside reversal before a quick uptrend takes place. There seems to be a big winter coming before we may see a warm sunrise, and I don't think that BTC will be dragged down immediately through a crash but this time, it'll be slow AF and I too believe that bears are still in control and we may see a new low this year before a hefty mounting.

[mahilchii]

I would request you not to believe in any of these rumors as these are the same people who will be screaming their lungs out claiming bitcoin will reach $100,000 if the value of bitcoin increases by just $500, rather I would suggest you to follow the market trend every day and set up reminders for pumps and dumps with a value of $500 at both ends. If you do this then you will be in a better position to judge the market trend and you will be able to make a decision on own rather than losing money with other people's opinion.

[AakZaki]

Bitmex CEO is twitting he believes bitcoin could go even as low as 2100,

I'm not sure about what the CEO of Bitmex said, because sometimes when someone becomes someone who influences the sustainability of the price of Bitcoin they can just use what they say.  Certainly want to make a panic, because basically people like them have a strong financial condition so that when the panic actually happens they immediately buy it.

[hahay]

It all comes back to yourself, if you believe that decline will happen and then selling now to buy lower later is a good idea, why not. I personally will still hold it and even so, having more anticipation is indeed needed but does not mean I have to sell it now, preparing funds for dumping events later we should have prepared so that we also do not miss the moment to buy more if indeed it will happen.

[Free1bitco.in]

It all comes back to yourself, if you believe that decline will happen and then selling now to buy lower later is a good idea, why not. I personally will still hold it and even so, having more anticipation is indeed needed but does not mean I have to sell it now, preparing funds for dumping events later we should have prepared so that we also do not miss the moment to buy more if indeed it will happen.

Personally, I will also hold my current assets. however, there is a high possibility that the price of bitcoin can be higher than the current price, and you just have to be patient to wait for that to happen. however, if it is urgent to sell the assets you have, maybe you should start at 30% or 50%.

[Janation]

You do the opposite as people said.

When they say we need to buy, we sell. I've been reading that in the past and doing that in some ways and it is pretty good in the long run. The price is going back and forth from $7K and $6K so it is quite unpredictable to find that time to sell. If the price indicates a bull run, better buy now, if its the opposite, then do the opposite.

[Barbut]

It all comes back to yourself, if you believe that decline will happen and then selling now to buy lower later is a good idea, why not. I personally will still hold it and even so, having more anticipation is indeed needed but does not mean I have to sell it now, preparing funds for dumping events later we should have prepared so that we also do not miss the moment to buy more if indeed it will happen.

Personally, I will also hold my current assets. however, there is a high possibility that the price of bitcoin can be higher than the current price, and you just have to be patient to wait for that to happen. however, if it is urgent to sell the assets you have, maybe you should start at 30% or 50%.

Who is crazy to sell now when the fiat system is collapsing around! IMF just said that the global economy is heading for the worst recession since the great depression, now it's the time for buying cryptocurrencies, for buying gold. It will get worst before it gets better, crypto can drop a bit more, it's not going to be a problem here for us, we get used to that, and we will survive that worst that will come. But I am not sure will fiat survive this time!

[Lomberjack]

It is not realky the good time to sell Bitcoin becuase of its current price still far from the all time high this year ranging above the $11,000 value. Bitcoin price have already survived the dump to $3,000 value last month and the price of Bitcoin continuously shows positive development these days, that might be a sign for a better price in the coming weeks and months. We should still base our decisions on ourselves so we don't have regret when something unexpected happens. For me, if you still don't need the money from your Bitcoin investmet, there is no reason to doubt the price of it because, this coming month of may would be a game changer for this bearish market.

[pgbit]

If you believe their speculation/prediction then it depends on you, you can sell! But I don't believe them! Most of the well-known experts were telling shit about Bitcoin price prediction, even the day before yesterday, I read an article where a so-called crypto guy was saying Bitcoin will hit 1000$ in near future! So, I would suggest to do your own diligence and take the right decision! Personally, I am not caring about their prediction, what I see, Bitcoin price will go to 8K USD very soon, or it will stay at 6-7K zone! Right now, I don't see any possibility for a major dump!