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Author Topic: Dont sell off because of the period  (Read 950 times)
inanilujimi
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April 30, 2020, 09:58:16 PM
 #41

if it's worth selling, don't be too greedy to get more, sometimes greed brings destruction. remember the crypto market can turn around at any time and we don't know when it will happen, so we must have the preparation to face the worst.
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April 30, 2020, 10:14:42 PM
 #42

sell or hold is some strategy of people self, and i think if altcoin is not too good to sell for now.
BTC rising up and also altcoin will going down first and than will start growup.
but some altcoin is bad for hold, if i have some coin with bad volume i will sell now.

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May 01, 2020, 06:21:07 AM
 #43

sell or hold is some strategy of people self, and i think if altcoin is not too good to sell for now.
BTC rising up and also altcoin will going down first and than will start growup.
but some altcoin is bad for hold, if i have some coin with bad volume i will sell now.

There will be a time for the altcoin to be sell, and I think after bitcoin can be stable first, then that will be the time for the altcoin to grow, and the price of the altcoin will also increase. But we already see some of the altcoins can increase with the increasing of bitcoin price, so maybe there will be another time for the other altcoin to grow.

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May 01, 2020, 06:26:22 AM
 #44

If you had been holding for a long time and you have bought it cheaply, it would be worth selling. However, it is uncertain what could happen this coming halving. So, it is still a risk you will have to take, it is either selling your alt for BTC will be worth it or it would all go to waste.
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May 01, 2020, 06:33:59 AM
 #45

If you had been holding for a long time and you have bought it cheaply, it would be worth selling. However, it is uncertain what could happen this coming halving. So, it is still a risk you will have to take, it is either selling your alt for BTC will be worth it or it would all go to waste.

But what if you believe that price can rise even more, would you sell it? Some people run for profit in fiat, to have more dollars, others try to have more crypto, decide your goals, and do accordingly, try to not regret you actions later! It all comes down to believing in something or not, I don't sell my crypto for fiat unless I have to, my goal is to have more crypto for the future, more than fiat, in my opinion in long term fiat is going down, losing value, while crypto will go higher, it will gain more value.



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May 01, 2020, 06:38:51 AM
 #46

If you had been holding for a long time and you have bought it cheaply, it would be worth selling. However, it is uncertain what could happen this coming halving. So, it is still a risk you will have to take, it is either selling your alt for BTC will be worth it or it would all go to waste.

But what if you believe that price can rise even more, would you sell it? Some people run for profit in fiat, to have more dollars, others try to have more crypto, decide your goals, and do accordingly, try to not regret you actions later! It all comes down to believing in something or not, I don't sell my crypto for fiat unless I have to, my goal is to have more crypto for the future, more than fiat, in my opinion in long term fiat is going down, losing value, while crypto will go higher, it will gain more value.

you got a good goal there.  fiats can go down too but cryptos can increase and there is no limit with that  . i was going to say earlier that cryptos will still depdend on the value of fiat  but i think twice and i remember that we can just use our cryptos directly without converting them into fiat  .

 the only problem is that cryptos value can also go down as much as how high it can achieve so we must be prepared with that and accept that situation if ever it happen .
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May 01, 2020, 06:48:23 AM
 #47

We all have our aims in crypto world but I don't see anything wrong in selling off, Bitcoin hit 9400$ a day ago and now struggling at 8000+, if you've sold at 9+ you can easily buy back at 8k, that's more satoshis for you, don't just hold, play smart

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May 01, 2020, 06:50:15 AM
 #48

I also think that it is always necessary to invest in bitcoin. Even if you invest a little bit every day, then in the long term you can get a good profit. There are even special services for auto buying coins every day.
This thing you said has been done for a long time by many people and by people who already know bitcoin first, so when I read your comment it looks like it's out of date, even though I respect every phrase from others.
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May 01, 2020, 07:02:04 AM
 #49

I also think that it is always necessary to invest in bitcoin. Even if you invest a little bit every day, then in the long term you can get a good profit. There are even special services for auto buying coins every day.
This thing you said has been done for a long time by many people and by people who already know bitcoin first, so when I read your comment it looks like it's out of date, even though I respect every phrase from others.

It; is also surprising, to see someone do that in this dispensation.
I have personally not heard of that ever since I have been in the space. Perhaps he will be able to explain it better because I only feel that buying should be done by the person in concern and not to be automated. If it is automated, then it is possible for the system to help to buy what you do not want.
Maybe I do not understand and I need it to be put clearer.
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May 01, 2020, 07:22:08 AM
 #50

Most often all we tend to do is Panic selling. Eiii my coin is losing it value then sharpest we find someone to sell to which is sometimes funny. I always say if you don't need monies urgently there is no need to lay off your Alt so quickly. Some coins will definitely sail out and cause a big change in your life. Just be patient with your Alt coins, their time will surely come.
indeed, only traders who cannot manage their finances and manage their emotions will sell at low prices because they may be in need of money and do not provide special money for trading so that they will only always suffer losses, different when they can manage money specifically trading and will not sell it when the price is falling and will only sell it when the price goes up to be expensive.

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May 01, 2020, 08:15:40 AM
 #51

We all have our aims in crypto world but I don't see anything wrong in selling off, Bitcoin hit 9400$ a day ago and now struggling at 8000+, if you've sold at 9+ you can easily buy back at 8k, that's more satoshis for you, don't just hold, play smart
Yes, that's right, in the crypto world everyone has their own goals, and the main goal is to make as much profit as possible, so it's impossible for a trader to sell his coins or tokens in the market.
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May 01, 2020, 08:30:19 AM
 #52

I also think that it is always necessary to invest in bitcoin.
It's not necessary to invest in bitcoin but bitcoin is the only crypto that gives more guarantee rather than another coin. That becomes the main consideration by all of bitcoin holders to hold bitcoin.
If you were starting with small money and that needs a lot of time to get profit.
Bitcoin is not a suitable investment for small amount of money.



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May 01, 2020, 09:00:54 AM
 #53

For me I wont invest now just because I see the price increasing, we cant guarantee if in the coming days price will consistently moving upward. It can decrease right after you buy since btc is unpredicted, this growth might be temporary and will last for short period so its better to wait for a dip unless you're prepared whatever the outcome of your investment.

If you're holding a good alts dont sell to switch for btc now because the current price of btc is not cheap unlike few weeks ago so stick to your alts and wait for right timing when to buy btc.

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May 01, 2020, 09:07:12 AM
 #54

Am not the one to endorse all altcoin, or point someone to the direction of trading or investing in one. But am the type of investor that does believe in shaking or shivering with situation.
Bitcoin is rising and thats good. Rumors can say the up coming bitcoin halving has something to do with it.
Many are now quick to sell off altcoin that they have been holding with so much promise.
This can be of bad consequences, I am the one to always invest in BTC if I have the found to get one, but I did not invest in bitcoin because of increasing price.
What you tend to loose selling of your coin
+ all your time of investment would become in vain: long term holder of altcoin should not without a thoughtful look sell off there coin
+ things might not go as you planned: the ball can go two ways, one it can go in your favour and two go against you.

I understand that investing in something more promising -bitcoin for example- is productive, but rather than, selling off just invest in it with available raw capital.

I agree, many players sell altcoin when the price of Bitcoin rises but if we have decided to invest for the long term on altcoin that has large transactions, I don't think we need to panic to sell it when the price of Bitcoin rises before halving

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May 01, 2020, 10:27:24 AM
 #55

Most times selling off has to do with emotions and fear of the unknown, but then if one can alway put your emotions under check,it will help especially when you do your research before buying a coin,you will really not sell off,cos the moment you dump your coin,you sell at a loss. That is why I prefer coins like bitcoin,no matter the fall, it will surely rise.

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May 03, 2020, 10:43:14 AM
 #56

Do you have seen this type of uncertainty like this situation ever? I didn't yet but this could be both better and worst for anyone, so it's a very crucial time to get rewarded because of many reasons, Due to this pandemic situation there are many people losing their job and earning source so some people are being stopped investing due to lack of money and some people are withdrawing their investment due to make up their daily essential needs so cryptocurrency world also will get a shake very soon, either the price will go high for Bitcoin halving or Altcoins price will go down due to this current crisis, that's why It's wise to hold your Investment and have to believe that Cryptocurrency will bring a good fortune in the coming days.

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May 03, 2020, 10:59:55 AM
 #57

For me I wont invest now just because I see the price increasing, we cant guarantee if in the coming days price will consistently moving upward. It can decrease right after you buy since btc is unpredicted, this growth might be temporary and will last for short period so its better to wait for a dip unless you're prepared whatever the outcome of your investment.

If you're holding a good alts dont sell to switch for btc now because the current price of btc is not cheap unlike few weeks ago so stick to your alts and wait for right timing when to buy btc.
The value of Bitcoin is constantly changing over time and certainly you will not be able to predict anything when choosing to invest in this coin. In fact, the analysis is only correct 60% when the market starts to trend up and 40% will depend on the psychology of investors when buying.

I usually buy when the value of some coins begins to change drastically because it's often an opportunity for you to make a big profit in a short time.
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May 03, 2020, 11:14:38 AM
 #58

I agree.

Don't regret it later when you suddenly see your own bought altcoin suddenly pumped up.
If it is talking about profit then let it be for a while.

Better to just keep another savings for opening a bitcoin investment.
Mistakes mostly happen when riding a boat that is going up. Most of the time it doesn't go for a long time.
What if you are in the wrong time frame of buying it? You cannot go back into selling bitcoin and then buying back that alt. That is loss already.
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May 03, 2020, 11:45:16 AM
 #59

on Coinmarketcap you can see the dominance of Bitcoin rose to 65%, and that's a high number for me, maybe also for us, so we can conclude that all traders and investors turn to Bitcoin because Halving will try to raise prices, and Altcoin is a victim , you are right if we sell Altcoin now and go for Bitcoin, maybe this increase is just an illusion, and we could be trapped like 2017

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May 03, 2020, 04:26:55 PM
 #60

Dominance will probably be fixed. I don't know when and I don't know how it will happen but I am 100% sure it will happen. When the time comes altcoins will start going up. At one point bitcoin will go up so much that people will realize that they can't make profit from bitcoin. Now in that situation there is two options, most commonly and almost all the time bitcoin drops to a level that dominance will drop, that is the most common one.

Second one however is very rare and I can remember like 2 or 3 times before. Altcoins could increase to level with bitcoin, people could see they won't make money from bitcoin, so they will move that money to altcoins to make more profits. However do not hold your breath about that, it is really a rare thing to happen so I can't say it could happen that quickly.

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