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Author Topic: Had you sold your Bitcoins ?  (Read 1829 times)
Rafiqul
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December 29, 2020, 05:14:19 PM
 #21

I already sold out all my Bitcoins, and other crypto.

I don't want to risk. i would buy Bitcoin again when it visits $6000 again, maybe next year.

What about you?
You sold your Bitcoin and other crypto at the price you like, well, that's your wish. But I can't agree with your expectation that Bitcoin will go to $6,000 next year. The cryptocurrency market is now much more established than before, institutional investment in the market is now much higher; Therefore, there is no possibility of a collapse in the market like in 2017/18. Even if the market corrects, in my opinion, the price of Bitcoin will not go below $20K. And the prices of other cryptocurrencies have not risen much; That will probably happen early next year.

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December 29, 2020, 05:21:01 PM
 #22

I already sold out all my Bitcoins, and other crypto.

I don't want to risk. i would buy Bitcoin again when it visits $6000 again, maybe next year.

What about you?

I have (and have had) faith in the long term benefits of bitcoin and that more and more people will realize them.  

I would be surprised if it ever gets down to 6K again - it could happen, just seems less likely with every passing day.  There are still people who wanted to buy "when it gets back down below $1" or "below $30" or "below $100/$1000/$2000" and enough people realized that (a) bitcoin is getting more and more solid and likely to remain so as time progresses (e.g. 2010 or 2013 it was much more experimental than 2020), and (b) more people are coming into the market to protect themselves.  Every new high there are people say they'll rebuy when it gets to $X again, most don't or it never gets down there again.

There are no guarantees of course, but every year that bitcoin survives increases the odds that it will be a long term success.

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December 29, 2020, 05:40:28 PM
 #23

I already sold out all my Bitcoins, and other crypto.

I don't want to risk. i would buy Bitcoin again when it visits $6000 again, maybe next year.

What about you?

I also sell my bitcoin for around 27,000k$ and I don't think it a bad idea because we already surpass the ATH of bitcoin and still able to reach around 27k$ which is in my opinion too high already.

Bitcoin has so many solid investors and high demand in the market so we could always expect for the market price to pump very high, but we could always expect for the price to dump at some point not just continuously pumping because for sure there are some short term investors that like to sell their bitcoin when the market price is high and then sell when the market price is low not just buying and then holding for long term.

The demand is surely higher than the last time so I don't think the market price is gonna fall to 6000k$ easily for me the correction is about 10k$-20k$.

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December 29, 2020, 05:52:06 PM
 #24

I have sold some but most of my holdings are still in my wallet as I expect BTC to pump again and have new ATH above $30k, as you can see that $26k is playing a good support and soon it will break the resistance and hit the ATH again.

i would buy Bitcoin again when it visits $6000 again, maybe next year.
Then, you may not hold bitcoin anymore in your lifetime.
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December 29, 2020, 06:45:33 PM
 #25

I already sold out all my Bitcoins, and other crypto.

I don't want to risk. i would buy Bitcoin again when it visits $6000 again, maybe next year.

What about you?
That is the beauty of this market, you are completely free to do whatever you want, in my opinion you sold too early since there is still room for explosive growth in the market but this is not a terrible place to sell, however where I think you are definitely wrong is in your objective of buying when the price reaches 6k, according to my data and my analyzes that level is gone for good, if anything I will be surprised if the price goes below 10k ever again.
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December 29, 2020, 07:09:39 PM
 #26

I think, Bitcoin will never go again 6000$, but by selling bitcoin now, it will good decision for anyone, hopefully, it will touch the moon and breaks every impossible record as we thought.

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December 29, 2020, 07:12:33 PM
 #27

I already sold out all my Bitcoins, and other crypto.

I don't want to risk. i would buy Bitcoin again when it visits $6000 again, maybe next year.

What about you?

Well, selling is really about the decision of most HODLers. Its not just a public opinion that would be needed to be followed since some users would like to just HODL their Bitcoin for who knows how long. Selling Bitcoin is a matter of financial help and you would only sell it if you can gain profit. Hoping for Bitcoin to fall at that value is really not possible but nobody knows what would happen but its value right now is really high and no one knows on when it will decline so I guess, I will keep HODLING!!.

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December 29, 2020, 07:15:26 PM
 #28

I already sold out all my Bitcoins, and other crypto.

I don't want to risk. i would buy Bitcoin again when it visits $6000 again, maybe next year.

What about you?

Its your coins, so its up to you on when you would sell out your coins and also we do have our own views and perceptions towards the market.
Thing here is that you do make out money or profits which is the most important thing when we do deal with this market.In question if i do sold mine?
Yes, i sold mine but only into those coins which are intended for short term purposes and since i do have some stash for long term run then
it doesnt really count because i do only focus on short term and then accumulate some of profits to long term and the rest will be spent out
to expenses.

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December 29, 2020, 07:28:11 PM
 #29

I already sold out all my Bitcoins, and other crypto.

I don't want to risk. i would buy Bitcoin again when it visits $6000 again, maybe next year.

What about you?

I sold mine when it reaches $27k in the market and that's price is really enough for me.

So I just felt that bitcoin will not reach a $30k mark this year because I think that $27k is really that high for the amount of profit that I'm aiming for.

I'm planning to buy again when price hits $7k to $9k again, it is your own decision if you will sell it right now or never.
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December 29, 2020, 07:50:01 PM
 #30

I personally am not sure the price of bitcoin touches 6k again, because with the increase so high it is possible for the lowest value to be at least above 10k. I just hope like that but maybe it will still be lower than that, but I'm not sure it will touch the value you mentioned because after all, the ATH is still uncertain and I personally will still wait to sell at a higher price. Selling some I think will be fine, but I don't want to sell them all now because I'm sure the price will still keep going higher.

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December 29, 2020, 07:59:04 PM
 #31

Yes, I sold my bitcoin because there is no more patience left in my mind and my body.

I'm scared that bitcoin might go lower and lower and it becomes too late to sell it in the market that's why I advanced my actions.

It is pretty worth it for me and I don't have any regrets selling at a price of $25k even if it reached $27k these past few days.

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December 29, 2020, 07:59:56 PM
 #32

I already sold out all my Bitcoins, and other crypto.

I don't want to risk. i would buy Bitcoin again when it visits $6000 again, maybe next year.

What about you?
You sold your Bitcoin and other crypto at the price you like, well, that's your wish. But I can't agree with your expectation that Bitcoin will go to $6,000 next year.
I agree. Bitcoin reaching $6000 is just wishful thinking. At the rate is going now, even if it drops the new level might be well between 10-15K or even higher. These things are never certain for sure but you can get an insight from what's been happening with the market.

In my opinion, taking out all your crypto holdings now is just 'madness'. The Alt season is just about to start and Bitcoin could still do better. That's just my opinion, of course!
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December 29, 2020, 08:10:42 PM
 #33

Just a portion of it I don't really want to sell it but I we don't really have a choice since we run out of cash.
But I would surely buy back again and hold it all as long as I could.

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December 29, 2020, 09:07:38 PM
 #34

You did not give us the main reason why you sold off all the coins you held and also at what rate you sold  it off. I won't say if I will sell any now till I see a need to do that really. Don't wait for the price to be that low again.

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December 29, 2020, 11:15:56 PM
 #35

Lol, are you kidding? Do you really think that Bitcoin will somehow get to $6K?
I'm not saying that it's impossible, volatility can always do it's but with the present publicity of Bitcoin, $6K isn't really possible.
If you sold your Bitcoin because you were just being cautious, but if you did it because you want to buy back at $6K then you may be mistaken.



 

 

 

 

 

 


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December 29, 2020, 11:22:48 PM
 #36

I already sold out all my Bitcoins, and other crypto.

I don't want to risk. i would buy Bitcoin again when it visits $6000 again, maybe next year.

What about you?
Im still waiting for 50% of my bitcoin and I have sold it when it's almost touching 28k. I don't wanna try to bet a lot into the risk caused by the price of bitcoin can be plunged anytime. Im still waiting for the next ATH to be reached in the future. I do believe the big dump will occur after the pump will end.

It's good to see if bitcoin can go back again to the 15k rate and I could try to re-enter the market again.

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December 30, 2020, 03:09:02 AM
 #37

Well, yes. I sold my bitcoins. But unlike you, I didn't sell all of them but just a part of it whenever I feel it's right or whenever I deem it necessary. I did that primarily because it's holiday season and I want to give presents to others from my earnings in bitcoin.

After selling for such, I'm back to continuously holding and earning btc regardless of what price it may be. We all have varying reasons when it comes to our bitcoin and I totally respect you for yours.

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mich
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December 30, 2020, 07:05:15 AM
 #38

I already sold out all my Bitcoins, and other crypto.

I don't want to risk. i would buy Bitcoin again when it visits $6000 again, maybe next year.

What about you?

I have sold some of my crypto but only when I need to make bill payments or if I want to buy something and they will accept Bitcoin as payment. 

It is so risky that I am nervous if I see a big price drop and I make regrets for not selling and buying into the dip afterwards. 

Even at times when I feel we are in a Bull run and there is going to be a correction at some points I still try not to sell any even if I can make a easy profit.

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December 30, 2020, 07:20:15 AM
 #39

I've spent, sold, gifted and saved

There 'used' to be more truth in forums than anywhere else.  Twitter:  @cryptobitchicks  Spock: "I am expressing multiple attitudes simultaneously. To which are you referring?"  INTJ-A
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December 30, 2020, 07:21:02 AM
 #40

Well, yes. I sold my bitcoins. But unlike you, I didn't sell all of them but just a part of it whenever I feel it's right or whenever I deem it necessary. I did that primarily because it's holiday season and I want to give presents to others from my earnings in bitcoin.

After selling for such, I'm back to continuously holding and earning btc regardless of what price it may be. We all have varying reasons when it comes to our bitcoin and I totally respect you for yours.
I did the same as you although a lot went from being sold although the purchases are worth it. I do not regret selling it, after all, I had to stick to the line that I had drawn on where and when to sell my coins. I would buy a lot when the bull run ends just like OP. Holidays are the weakness of the many, good thing that I am not that materialistic when it comes to spending when it is holiday, most of my expenses are items that will grow in value when sold and such.

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