sold mine at 14100 dammitttt

[STT]

Here you go, didnt take that long.   Buy the rumour and sell the news is a common dynamic, what it equates to simply is that a pullback is often an event that occurs after rises.




How far it goes in the pullback is harder to say but we lose the 2 day average here and find short term support forming near weekly average.   Quite normal action and any price above weekly average remains positive trending imo.

[adaseb]

I think that might of been the dip pretty much. Basically everybody is looking at the weekly charts and wants to buy BTC at $14K. The numbers are a little off some exchanges are $13.8K others closer to $14K, so $14K is the nice psychological number where everybody wants to "rebuy lower" and I am guessing 1 of 2 things are most likely to occur.

It never reaches $14K, it either goes to $14.1K or that $14.3K that we had earlier is the dip, basically got front run. And it proceeds to break $16K from here.

Or it goes to $14K, looks like its support and then slowly starts to decline and goes to $13K and $12K and maybe even lower. Similar to what happened with the $6K resistance back in 2019.

[pilosopotasyo]

no no no and noooo
 I sold a lot of my coins at 14100 thinking it will go a bit down and I will buy it back with profit

well now the btc is 15200 am I out? should I buy it back at current rates? or are we excepting down movement anytime soon? (

please say something will make me feel better dammitt

and sorry its my first post but I check and read a lot of your messages almost everyday

You should be comfortable when you are buying and selling your coins, because the market is full of uncertainty, yours is not the only one almost everyone here suffers the same bad decision, it happens to me so many times but not on Bitcoin mostly altcoins I delayed selling only to find out that there's no way to liquidate.

[sayaya17]

BTC CMC today experienced a decrease of 3.50% in the last 24 hours. Now it’s $14,920. I think this is a correction.
Last I saw the bitcoin price of $15.500. But I don’t know how much will come down. If it keeps going down, chances are you will have to prepare again to buy it.
I don’t think you should blame yourself for selling bitcoin at $14.100. That means you’re not greedy. But you also don’t have to rush to sell your bitcoins,
so if the price continues to be $16k, you won’t cry.

[Desscount]

trading is like that, sometimes the market just makes us frustrated,
my advice is you can sell some of the bitoin you have because maybe this bullish rally will continue.
hold is a great choice in bullish conditions.

[redsun114]

$15K seems to be holding off very strong, I don't know if it will break or not, and even if it does it looks like there is no big correction coming up, it is not going to be a crash for sure or at least it looks like that. This tells me, if you still buy in from here, you may lose a bit for a while but in the long run we are still looking strong to go up, maybe we will do it very soon or maybe we will do it very late but it looks like we are going to finally do it and break over $20k in the next 6 months or so, maybe even closer.

People could argue about where to get in and why they sold all day but it wouldn't change the fact that only people who make a profit from bitcoin is the people who buy it and hold it for a long period of time, that will never change.

[Wysi]

It's a common mistake most of us have made in the past and consider it as a learning curve rather than taken it as burden because this is neither the first such fluctuations nor this will be the last. You should be thankful that you didn't incur huge losss like this who invested at the peak of last bull run incurred which they are yet to recover, learn to control on your emotions and try be covert it to USDT if you are unsure of market situation and stay unto date with the market to make appropriate changes when required.

[DustyRah]

You can buy in anytime. Just take the profit out and re-invest the original amount back into the train. This train is going to surpass $20k and then head to $100k as the consumers and investor money pours in through various channels.

IMHO, BTC is on a sale right now at its current price of $15.5k.

[Lanatsa]

trading is like that, sometimes the market just makes us frustrated,
my advice is you can sell some of the bitoin you have because maybe this bullish rally will continue.
hold is a great choice in bullish conditions.

Hodling isn't really necessary for you to hold no matter what yet there are instances or situations which is really more worth to sell to get profits in short time.

Intensity of profits or level will surely vary and these kind of regrets are pretty common as a trader. We might able to sell to early and the price had rise up suddenly

which do really sucks and give out the feeling of regret but its okay as long you are in gain then that what matter most.Just buyback when the price had decreased
or corrected.

Just continue yet this had been a part of trading career.Just learn from it and don't be stuck with your mistakes.

[600watt]

It's ok if you sold for profits. No one can anticipate what's the exact thing that will happen next.

It's NOT A MISTAKE. What if the price went down? Then it's another story and others will say, it's a GOOD MOVE.

What to do now? Even price is now raging upwards, there are still chances that it might slow down and have a good rest at below $14,000 to $13,000 before making an uptrend again. Have an alarm set so that you won't miss that price level just in case.

to sell your golden ticket of eternal financial freedom, your only shot at escaping the rat race, the best performing asset of financial history -

to sell that is always and 100% a very very bad mistake.

hodl for 10 years and you are set. sell at any time and you will regret forever.

my advice is to buy it back now.

[livingfree]

So did you sell more then 50% of your coins?

If so now you know never sell 50% or more of your coins in an upwards market.

rule of 10 is sell 10%

so 10 coins sell 1

wait for 10% price drop to buy back

or wait for 10% price jump to sell 10%.

if it goes up in price you sell 10% of you nine remaining coins. or .9

dropping you to 8.1 coins.

since price jumped up 10% you get good money to make up for the fact coin sale was .9 coins.

I hope you have at least 40% of your coins left and if you did sell 60%.

I hope you sold at a profit.

Just focus on your remaining coins and go back to rule of 10

Although I'm not the OP.

I've learned from this strategy.

I'm grateful that you have advised this. I'll follow the rule of 10, I don't have actual strategy but I don't usually sell a lot from my portfolio but it's something noticeable when the price goes up.

This is a good a strategy if you are focus on trading but for casual trading, There's no wrong on selling when price pump as long as you already have profit on your trade atleast 10% and above profit. Never regret when you sell early because you can always buy back during price correction which always happening after a strong pump. There's chance that your selling price will not revisit again but you can still open position close to it.

NEVER FOMO OR YOLO BUY ALL-IN. You will just burn if rush things, Most important things to consider is take profit whenever there is opportunity. Profit is better than loss so never regret when you TF early.

yeah. always a piece never all or even more the 50%. For instance 2 coins in my pocket. price goes to 14100 I sell 1 coin.

Still have a coin in pocket.  Prices goes to 15800 I sell 1/2 the coin.  I still have 1/2 a coin. and my selling price average is not 14100 but 14,667. and I still have .5 coin to sell at   17,500

All in and all out moves lead to regret.

on this run up I made sales of 210 usd 8 times.

I started at 12500 then 13500 then 14000 then 14500 then 15000 then 15500 then 15800 then 15900.

Next sale will be at 16500.

I stack coins via mining.  I set a 4-6 month sell future number  if I reach the number I start to sell.

We have a different situation. I only buy if I got spare but learning this technique would make me wise just as you.

I'll have my test run very soon and I'm very excited to see the principle of this technique and results to be very positive. As long as I take profit while keeping the larger part of my stack, that will do to me.

I don't have to focus on trading, I just look in the market and sell when it's necessary.

[dragonvslinux]

I wouldn't worry about selling around $14K, there's half a chance Bitcoin will still make it to that level and possibly lower.
I've got a lose stop loss trading some positions from $10K levels, but otherwise this is the time to be hodling for sure
btfd

[STT]

These tests downwards are resolving upwards but also with volume; today again it tested something small in the 2 day average and has resolved upwards.   The volume is lower this time though so I do always expect a bigger move and support to be established but so far in this move since the election we've not really pulled back properly.   Now 16k seems an area if it holds will mean we rise further.

[coin-investor]

omg I am stupid and  I deserve to be smacked hard I be losing a lot if I buy it back now would you do it brother ((

You are not alone on this one, in fact, many of us here experienced that one way or another, it is always recommended not to sell all that you've got and only sell a small portion or percentage because you never know the next things that are going in the market, we look and act like an idiot because of the volatility and uncertainty of the market, that is why the word HODL works like a charm.

[uray]

no no no and noooo
 I sold a lot of my coins at 14100 thinking it will go a bit down and I will buy it back with profit

This is a situation many have gone through in the past and you are not the only one. In the last two rallies i missed my opportunities of booking the profit at the right moment even though i was able to make a good profit but when you are taking a risk of booking your profit when the market is looking strong hoping that we might see a small correction is not a new mistake. Learn from it and you might get a chance to enter again if you are lucky before the big rally.

[chanler]

Please make it clear! Once you sold at 14100, you got profits or not? If you already got profits, why you seem very regret it? Greedy?
Mate, we won't be satisfied forever if we don't accept what we already got. As long as you don't get losses by selling your Bitcoin, you shouldn't regret it. If you want to get other profits, you can start again to buy BTC or other coins that seem likely to soar in the near future. But surely buying only based on deep research and realistic goal. Don't buy just because you are emotional/angry.   

[DeathAngel]

Suck it up & buy back, even though you’ll have lees btc due to the USD to BTC change it’s still better to have your wealth in btc rather than USD right now especially with an explosive bull run to come in 2021.

[kentrolla]

It happens need not to worry about it, what if the price would have went down?? Also I believe you would have sold it profit, forget about the past and move forward do not turn back.

Just imagine about those who bought for 20k, they are still eagerly waiting to see the price back and many of sold it for loss. Think about it.

[Oceat]

It happens need not to worry about it, what if the price would have went down?? Also I believe you would have sold it profit, forget about the past and move forward do not turn back.

Just imagine about those who bought for 20k, they are still eagerly waiting to see the price back and many of sold it for loss. Think about it.

If I were in OP's position I would sell some but not dumping everything just because he thought it's going to dump too. I will hodl the remaining Bitcoin instead and wait what would happen to the market again for a week. OP should learn from this mistake to avoid any more trouble in the future although I don't guarantee that it wouldn't give trouble in the future but at least this will help to minimize the risk of losing in one go.

[STT]

Suck it up & buy back,

Question would be, is there any benefit to delaying that buy back.   Price isnt taking off from here for now and if its relatively the top even if he was off by 2k then its close enough to say I benefitted long term by taking it back at 10k or whatever price below.
   Theres sufficient doubts in the price, if price action should fall below stall speed or lose momentum then we get to see a proper test rather then the constant rise thats been true recently.  This is normally what I expect to happen.



So this chart just shows both 2 day and weekly averages, we fall below the 2 DMA and rest on a previous high price which had been some resistance possibly now support.    I call this area significant and Im not sure I can be sure which way it goes but hopefully I'll be paying attention when market decides.