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Author Topic: sold mine at 14100 dammitttt  (Read 912 times)
pooya87
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November 15, 2020, 05:14:58 AM
 #61

Question would be, is there any benefit to delaying that buy back.
you can't generalize this because it depends solely on the strategy that one uses.
for an investor (long term), since it is impossible to predict the future and we are in a bull market the answer is yes. specially at the beginning of it when price showed all kinds of signs of rising. and we saw price reach $16.5k.
for a day trader on the other hand, it is a lot more complicated. a day trader wants to constantly buy and sell so these small changes are important. sometimes waiting a little to get a better dip is wise but also if the momentum is strong then buying during the rise means not missing out and being able to have something to sell on top. ie. something like buy back at $15100 sell at $16500, buy back at $15800.

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kapalmabur
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November 15, 2020, 07:58:41 AM
 #62

I know the OP is very sorry to sell Bitcoin at $ 14100, but don't give up,
if Bitcoin makes corrections you can accumulate slowly with your capital,
even though the risk is great but it doesn't hurt if you try.
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November 15, 2020, 09:45:35 AM
 #63


Well there will be regrets seeing how high its market value at this moment. Profit could have been higher if his holdings were not sold early but, there's nothing wrong from doing so. No one is certain that it's price will again reach and break the $16k mark. What he did is just assuring his profit. There's something to appreciate still from doing so. Let's put it this way; the market price fell in a sudden. Perhaps in this case, what he did is bet right? the point is lack of certainty and in such way, actions will be merely based on one's speculations. There's more to regret if he sold when a dump occurred.

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November 15, 2020, 10:22:54 AM
 #64

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? Sad(

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

Well if you bought your coins at a low price, lower than $14100 then I wouldn't say that it is a loss because you surely get a profit.
However, you missed the opportunity to sell at a higher price, tbh I don't think it will become a bubble. Recently, it even touches the $16k USD mak and now hovering around $15k USD, if this continues we might see the new ATH.
Yeah, you can buy it back but I hope that BTC won't go back under it because that would be a disaster in your case.
The lesson here is that, don't sell all of your coins one at a time but rather sell it in a fragmented way and through this, you can somehow reduce the risk.



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Rainbot
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November 15, 2020, 10:40:46 AM
 #65

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? Sad(

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

Well if you bought your coins at a low price, lower than $14100 then I wouldn't say that it is a loss because you surely get a profit.
However, you missed the opportunity to sell at a higher price, tbh I don't think it will become a bubble. Recently, it even touches the $16k USD mak and now hovering around $15k USD, if this continues we might see the new ATH.
Yeah, you can buy it back but I hope that BTC won't go back under it because that would be a disaster in your case.
The lesson here is that, don't sell all of your coins one at a time but rather sell it in a fragmented way and through this, you can somehow reduce the risk.
That's the time we regret since imagine the situation if he hold for quite while and didn't bite the panic created by certain people for sure when earn some bucks at this current rate but if he still in profit then nothing wrong on what he do. The only thing he can do is to avail at the price which he think a good price to position his self for another pump that might possibly come.

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November 15, 2020, 06:50:58 PM
 #66

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? Sad(

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

Well if you bought your coins at a low price, lower than $14100 then I wouldn't say that it is a loss because you surely get a profit.
However, you missed the opportunity to sell at a higher price, tbh I don't think it will become a bubble. Recently, it even touches the $16k USD mak and now hovering around $15k USD, if this continues we might see the new ATH.
Yeah, you can buy it back but I hope that BTC won't go back under it because that would be a disaster in your case.
The lesson here is that, don't sell all of your coins one at a time but rather sell it in a fragmented way and through this, you can somehow reduce the risk.
That's the time we regret since imagine the situation if he hold for quite while and didn't bite the panic created by certain people for sure when earn some bucks at this current rate but if he still in profit then nothing wrong on what he do. The only thing he can do is to avail at the price which he think a good price to position his self for another pump that might possibly come.

I cant really blame out those people who do commit this kind of action yet i cant consider it as a mistake yet its just normal for us to take some action and made some selling because we do saw that we are
already making out some money.

The thing here is that we do sell early and if we did tend to hold for a while then profits would be much more bigger since  the price had rise up that fast but what if the price had come down?
You will surely say that it is just right that you do made as selling decision or else you would be in negative.

So its better not to stress yourself about on less profits you had made because it is just right that you would have particular goal.
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November 15, 2020, 07:27:44 PM
 #67

Obviously you can buy it back right now, or you could wait. As long as you sold it with a profit and you do not have any rush to get involved, you could always wait for bitcoin to retract to a better position to buy it back. I am not saying bitcoin will be lower anytime soon, but maybe a year from now it will be 10k again? Who knows?

We may see bitcoin reach as high as 20 even 30 thousand dollars but we could also see it go back down under 14k as well, we don't know when it could happen but bitcoin going down to lower levels has always happened after a big increase. Are we done with the increase? Is it going down today or maybe next summer? Timing is not known but what is known is the fact that one day bitcoin will fall big time again and he can rebuy at that moment.

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November 15, 2020, 08:10:37 PM
 #68

Patience is one of the most important characteristics that you need to have if you are dealing with Bitcoin. That is not always easy and temptation is always big, especially when the price is rising and it's hard to predict how this is going to end.
Setting your personal goals and limits. However, it's still not to late to buy again.

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November 15, 2020, 09:46:27 PM
 #69

I know the OP is very sorry to sell Bitcoin at $ 14100, but don't give up,
if Bitcoin makes corrections you can accumulate slowly with your capital,
even though the risk is great but it doesn't hurt if you try.
He sold expecting a correction and he might have done that made his profit by buying on a correction and selling during the pump and you will not be lucky all the time with your predictions and expectation. Patience is the key and wait for the market to stabilize before making a decision as historically bitcoin does not move a lot during holiday season and we are approaching one.
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November 15, 2020, 10:53:35 PM
 #70

I know the OP is very sorry to sell Bitcoin at $ 14100, but don't give up,
if Bitcoin makes corrections you can accumulate slowly with your capital,
even though the risk is great but it doesn't hurt if you try.

You are right, I see no reason to worry about unsuccessful trades - it is simply unrealistic to always make the best trades and guess all the movements. Before bitcoin dropped below 11k, I got out at 12.3 and was very happy about it. But I hesitated with the reentering and missed all the growth that has happened now. But I see no reason to be upset, i just have to wait for the best opportunities  Smiley

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error08
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November 16, 2020, 12:58:39 AM
 #71

Patience is one of the most important characteristics that you need to have if you are dealing with Bitcoin. That is not always easy and temptation is always big, especially when the price is rising and it's hard to predict how this is going to end.
Setting your personal goals and limits. However, it's still not to late to buy again.

$14k is a strong lower levels support, after 10 days bitcoin didn't even fall below that price point.
I did the same when it was $14,3k but it seems to reach higher, so decided bought at $15,3k. After bitcoin reach $16,3k I sold a few portions in case it drop below $15k, but it seems bitcoin could maintain its position above $15,8k so far and the hype for $17k still continuing.
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November 16, 2020, 06:09:05 AM
 #72

Yes the $13.8K is obviously an important support level, since it was the high of 2019, however the way that this price action is going, I don't think we will dip that low. Not in the short term at least, it can actually go to $17K before it goes back down to $13.8K.

Load the hourly chart for the last 2 weeks and look how limit the dips are. Its very difficult buying at a decent price since most of the time, the buy orders are never filled. Hence why it doesn't make sense to short in this market because there is so little profits to be made. Also the funding rates are neutral which means even if there is a dump, it won't set off a cascade of stops like it did in the past.
DevilSlayer
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November 16, 2020, 10:03:35 AM
 #73

There are still a lot of opportunities in the market so do not regret your past decision because you make gains not losses after all, if you plan to buy back make sure that you have a plan where in you know when you will entry and when you should cut it. I prefer to have trailing stop than target profit because we are currently in uptrend where the price can go higher even more. I suggest that you should wait for retracement and do not chase the price because if you do, for sure it is called as FOMO wherein there are high chances that you can incur losses. Patience is important in trading and you can grab those opportunities if you are able to wait, retracement will eventually happen in bitcoin so just wait and do not chase prices if you want to do a buy back.
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November 16, 2020, 11:13:30 AM
 #74

Sold your coins for a profit or not?

If you sold it for a profit, you did a great job, don't be too greedy, you can't see the future but selling at a profit is a good job already.
Of course you might think now that you could have hold for a bigger price now that bitcoin already hit $16,000, but that's it man, sometimes you need to accept and don't even think of buying now as you might caught up on a possible big dump that could happen.
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November 16, 2020, 12:55:47 PM
 #75

We really do not know if it will go higher or lower right now so we do not know if we will reach $13.8k or $17k first. Maybe it will keep going up and will be $20k+ very soon, or maybe it will crash and be under $10k eventually? We do not know which one would be the first one to happen, but we do know that it will not stay here for too long.

We are trying right now to not go down which is a great news because we really do need bitcoin to be bigger than what it is right now, and not falling is the start of going up, first you establish that you do not go down and when that is accepted by the market people realize it is a good place to buy since it won't go down and when they start buying others start buying and price starts to go up. But this is not a given guaranteed situation right now.
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November 16, 2020, 03:49:11 PM
 #76

Sold your coins for a profit or not?

If you sold it for a profit, you did a great job, don't be too greedy, you can't see the future but selling at a profit is a good job already.
Of course you might think now that you could have hold for a bigger price now that bitcoin already hit $16,000, but that's it man, sometimes you need to accept and don't even think of buying now as you might caught up on a possible big dump that could happen.

Human nature is wanting the best i.e. greedy, want the profit as much as possible, even if sold at $14k was a profit but still causes regret.
Even buying at higher prices such as $15k will raise doubts as to whether it will profit even more later or end up in vain.
Fortunately, bitcoin movement is easily to predicted, we know the capability of bitcoin to reach over $20k sooner or later, better to hold it until hit the peak of new ath.
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November 16, 2020, 05:44:08 PM
 #77

however you should be grateful, because you can sell it at $ 14100,
maybe a lot of people sell Bitcoin at $ 10000 because when the price is $ 10000 a lot of traps and make people think down,
but this is not the end for you, you can buy it back.
What's done is done already. And that is correct, some people made "bigger" mistakes at a lower market price compared to OP's selling point. But what we have here is circumstances. Those who are not having that much of financial problems could take market dumps more than those who are too secured with profit. Investors are simply selling at the early point to secure the profit because they cannot afford having no profit at all once correction occur in a sudden, which is on the other hand possible due to natural market volatility. Whether to sell early or not, it does depend on the investor's situation.
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November 16, 2020, 05:56:29 PM
 #78

however you should be grateful, because you can sell it at $ 14100,
maybe a lot of people sell Bitcoin at $ 10000 because when the price is $ 10000 a lot of traps and make people think down,
but this is not the end for you, you can buy it back.
What's done is done already. And that is correct, some people made "bigger" mistakes at a lower market price compared to OP's selling point. But what we have here is circumstances. Those who are not having that much of financial problems could take market dumps more than those who are too secured with profit. Investors are simply selling at the early point to secure the profit because they cannot afford having no profit at all once correction occur in a sudden, which is on the other hand possible due to natural market volatility. Whether to sell early or not, it does depend on the investor's situation.

Reasons on why selling on early:

-Afraid with dump
-Securing profits
-Emergency need of funds

It does really matter on someones situation yet there are lots of factors that do affect your decision but whats the most important here is that
they do able to make profit even though it is on small scale compared if they had sell a bit longer but still a profit is a profit.

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November 16, 2020, 06:04:11 PM
 #79

<snip>
As long as someone sell his btc with profit he/she should be grateful. Cause bitcoin market fluctuate a lot. No one can surely say anything earlier about the movement of btc price. I have also sold a small part of my holding while the price was around 12,800 usd. Haven't made enough profit but I was waiting for the appropriate time from so long. And didn't expect the price will increase this way after that. Though I'm not disappointed by watching the current price.

Now bitcoin going to reach 17k usd. OP shouldn't worry if he is going to invest for long term, it will give him profit surely. So he should take the decision by himself, if he is waiting for a dump to buy back. Cause it may give him much profit but it's hard to say when it will happen.

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November 16, 2020, 08:35:09 PM
 #80

<snip>
As long as someone sell his btc with profit he/she should be grateful. Cause bitcoin market fluctuate a lot. No one can surely say anything earlier about the movement of btc price. I have also sold a small part of my holding while the price was around 12,800 usd. Haven't made enough profit but I was waiting for the appropriate time from so long. And didn't expect the price will increase this way after that. Though I'm not disappointed by watching the current price.

Now bitcoin going to reach 17k usd. OP shouldn't worry if he is going to invest for long term, it will give him profit surely. So he should take the decision by himself, if he is waiting for a dump to buy back. Cause it may give him much profit but it's hard to say when it will happen.

Majority of us wont really be that contented or doesnt really like to miss out those profit opportunities and they would always mind of with that on where if they do able to hold for a while or soon
they had might able to make more money which i cant really blame of since human beings are naturally emotional.

For now the market price had rise up to 17k almost and if op did buy on the time he had made up this post then for sure he had really make out again some profits without
the need on holding up for too long or in years.

We can make money if we do know on how to play with the movement.It isnt necessarily for you to go for long term if you can actually make up some
gains in short period of time.

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