Should I sell bitcoin now?

[Snappycoco]

It is quite clear that the price will go low due to COVID and the need for some physical cash. I personally believe that after this crisis, bitcoin will rise as it should be.

[Zemomtum]

Nobody can give a conclusive answer to this, if anybody vowed to be able to do this perfectly, that person will be the richest man on the planet. All are just speculation as BTC nowadays does not respect fundamental analysis and can go sideways.

[ballerin and giroud]

It is quite clear that the price will go low due to COVID and the need for some physical cash. I personally believe that after this crisis, bitcoin will rise as it should be.

Now, it is time to came out from this pandemic. If we just stay on this situation we never have any change. The economic will goes to dissapear if we just wait and wait until the pandemic end. I agree with the US government decision that they will open the economic activity while this pandemic spreading, because they will know the impact if they just stay and wait for the virus gone.

[darewaller]

Who really says bitcoin is going to 3k? I mean I am checking bitcointalk every single day, I read almost all topics every single day as well, and I do not see a single person who says bitcoin will go to 3k. All I am seeing is hopeful people who are buying bitcoin because they think bitcoin will go up before the halving and maybe even after the halving as well, which is why we are seeing bitcoin increases constantly.

Definitely, it peaked over 7.2k recently and moved under 7k again, however those are regular market movements that we can expect all the time, nothing too serious, and considering the message was on 11th April which was almost 10 days ago, we can say that bitcoin prices are stable and nothing will happen to them at all, as you can see nothing happened to it in the past 10 days neither

[STT]

It is quite clear that the price will go low due to COVID and the need for some physical cash. I personally believe that after this crisis, bitcoin will rise as it should be.

Physical cash spreads the virus on its surface when passed between people, Im not really wanting to go near it personally.   Everything I've done for couple months now has been digital cash or crypto, etc.
  If you mean people wont speculate on BTC then sure maybe but thats ignoring the idea of BTC having a place in the world as a secure transaction device and I see it has plenty avenues of usage and reasons to retain it.   It may depend where you live but most countries are printing alot of money, making their national currency cheap which means BTC as a hedge vs that weakness is probably a good idea and its highly usable when I need to transact.   I dont see this selling pressure is applied singularly on BTC really.

[South Park]

from the results of my latest analysis, it looks like Bitcoin will start a new bullish path, and $ 3,000 for now doesn't seem to be seen anymore,
Halving is near, the bull is coming you should note this, some people also say the bull is coming, and if you Hold Bitcoin in price now is not bad,
$ 8,000 is resistance, hope you can get there

$8,000 resistance seems so hard to break as well. Many people say the bull is about to come, but It doesn't seem like the price is going that way, and falling below $5,000 doesn't seem its going to happen anytime as well. We're floating sideway in this figure and it's hard to tell where will the price is going.
Anyway, I think having the vaccine available in public to cure the covid will somehow make an impact in the market.

I think we are getting ahead of ourselves since bitcoin is having problems surpassing the 7k level, as we can see sometimes it surpasses that level and then just some days later it goes below it once again, also while a vaccine could make an impact in the confidence of the public about the future of the economy that is not going to solve the fact that millions of jobs have been lost and that many businesses will close their doors so even with the halving so close I really think that bitcoin is probably not going to go through a bull run during this year.

[pixie85]

It is quite clear that the price will go low due to COVID and the need for some physical cash. I personally believe that after this crisis, bitcoin will rise as it should be.

You must be joking. People who invest in cryptocurrency are not those poor guys who don't have any savings and survive on benefits.

The average bitcoin holder has some money on the side and will not go hungry because of covid. Also the pandemic is stabilizing and the number of cases is expected to decrease in Summer while the price of Bitcoin is expected to at least stay on the same level after the halving.

Bitcoin is staying strong during the depression and those who sold in anticipation of 3000 or 2000 dollars made a mistake.

[TitanGEL]

Who really says bitcoin is going to 3k? I mean I am checking bitcointalk every single day, I read almost all topics every single day as well, and I do not see a single person who says bitcoin will go to 3k. All I am seeing is hopeful people who are buying bitcoin because they think bitcoin will go up before the halving and maybe even after the halving as well, which is why we are seeing bitcoin increases constantly.

Definitely, it peaked over 7.2k recently and moved under 7k again, however those are regular market movements that we can expect all the time, nothing too serious, and considering the message was on 11th April which was almost 10 days ago, we can say that bitcoin prices are stable and nothing will happen to them at all, as you can see nothing happened to it in the past 10 days neither

It is just a pure speculation that is why he think that the price of bitcoin will go beyond $3k per each, we should not believe on the tips or opinions of people all over the internet and also if we are going to make decision; we should not consult to the public because it can make us to suffer losses. We can make better decisions by relying on price action alone, by reading charts and analyzing trends; we can have a better decisions that can make us to earn profit in the market. 

[okala]

This you question is like some is hungry and ask either he should eat! Emotionally you may not be able to trade bitcoin successfully since you are depending on the judgements of others. I strongly think bitcoin is more of the positive than the negative technical and whoever that is calling for a fall is been done out of manipulations.

[imstillthebest]

if i am a regular trader/investor , i will also follow what majority are saying even if its hard for me to accept that btc can potentially decrease  but luckily i am not a trader nor an investor so my decision is neutral at the moment . however i dont believe when you said that everybody is trying to decrease btc  .  not everybody but i think majority are on the investing/hodling side   .  on your case op, i like you plan of selling and then buying back btc again. that is more wiser move because you already pull out your potential profit than wasting the oppurtunity

[Jocuserious]

I never received strong news about bitcoin drop 3k even i don't believe right now because we know bitcoin market is unstable. Therefore, we know about tomorrow how much drop and jump can do.

Anyway, if you're not regularly trader then you can compare buying price and selling price like if you have still in profits chance then you can sales now.

Another explain, if you're a patient holder then you can hold till next uping time.

[Republikcoin.com]

I never received strong news about bitcoin drop 3k even i don't believe right now because we know bitcoin market is unstable. Therefore, we know about tomorrow how much drop and jump can do.

Anyway, if you're not regularly trader then you can compare buying price and selling price like if you have still in profits chance then you can sales now.

Another explain, if you're a patient holder then you can hold till next uping time.

I might be inclined to hold back compared to selling the assets that I have held since 2019. Well, my target is halving. too bad if I have to sell it now when my target is very close. I'm pretty sure the price of bitcoin will tend to rise when halving, so I will hold back. maybe it can also be a suggestion for those who want to sell their assets.

[Naida_BR]

It is quite clear that the price will go low due to COVID and the need for some physical cash. I personally believe that after this crisis, bitcoin will rise as it should be.

We are enduring Covid-19 already 2 months and the prices is not dropped a lot.
AS Bitcoin Halving is going to happen in around 20 days the price is not going to go low, but on the contrary it is going to grow significantly.

[michellee]

I never received strong news about bitcoin drop 3k even i don't believe right now because we know bitcoin market is unstable. Therefore, we know about tomorrow how much drop and jump can do.

Anyway, if you're not regularly trader then you can compare buying price and selling price like if you have still in profits chance then you can sales now.

Another explain, if you're a patient holder then you can hold till next uping time.

We never know about that because everything can be possible to happen. Yes, a hold will be the right choice, but we can also try to buy and sell bitcoin when it is up and down. We almost see the halving time, so we can hope that will trigger the price to increase higher. But if before the price increase, we are going to see another correction, then that will not be a problem because we can buy more bitcoin and hold it until the price increase.

[onrise]

It is quite clear that the price will go low due to COVID and the need for some physical cash. I personally believe that after this crisis, bitcoin will rise as it should be.

If people require money, then they would have to sell the coins r other shares if invest din stick markets etc in order to survive. But if people have some extra liquidity then it is also a good time to invest in good crypto coins as whenever market recovers it is going be a upside in a short time. The rally could be very quick and only beneficial for those who stay invested in it and have some coins in with them.

[joinfree]

There is a slight chance of bitcoin reducing in price but I don't think it will sink that low so I would say rather buy more if you have than selling the little you have. Because you just don't know when the price is going to take of with a short bull run you know. It can happen so fast you might not be able to ride with it. So stay in the boat and wait for the climax of bitcoin halving.

[TheGreatPython]

You know what is great about bitcoin not being so mainstream just yet? We are not really big enough to be the thing people sell when they are in financial trouble because not a lot of people has it neither. Think of how many people and more importantly how much money is involved in stock markets and compare that to bitcoin markets, even if you involve ALL crypto, I mean stable ones and altcoins and such, the whole market still doesn't really worth that much at all.

So right now if the things go bad because of corona, that still wouldn't hurt bitcoin as much as it hurts other stuff. So, that will probably result with a lower fall on bitcoin than other places falling and "a smaller fall compared to others" is still a store of value if you ask me.

[Naida_BR]

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?

We are waiting for Bitcoin Halving to happen in about 15 days.
I don't think that 3k is still a viable target. As the Bitcoin Halving is going to happen then the lower support is going to be higher than the 3k that it is already discussed before this event.

[mindrust]

That depends on how deep your are in with bitcoin.

If you took more risks than you shouldn't have, then it is probably a good idea especially if you have some profits. If the amount is not that big then stay in the game bitcoin sometimes make surprises too.

Tbh I don't see bitcoin making a new ATH in this situation we are in. It may not go down but may stay around these levels for a long time.

It all depends on how much you invested in and if you are going to need that money in the future.

[Savemore]

That depends on how deep your are in with bitcoin.

If you took more risks than you shouldn't have, then it is probably a good idea especially if you have some profits. If the amount is not that big then stay in the game bitcoin sometimes make surprises too.

Tbh I don't see bitcoin making a new ATH in this situation we are in. It may not go down but may stay around these levels for a long time.

It all depends on how much you invested in and if you are going to need that money in the future.

Our decisions on selling should be depends on our goals, if we have a plan then we should follow it. Target profit is important for those momentum and swing trader, but if you are holder target profit is not important but trailing stop is the one that we should consider as important in order to protect our gains. Before we sell or buy a bitcoin, we should have plan that we should follow in order for us to lessen the mistakes that we are going to make.