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Author Topic: to sell or buy BTC?  (Read 998 times)
Joyawan13 (OP)
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January 10, 2021, 04:58:32 PM
 #1

what should we do if we have some bitcoin at this time, regarding the increase in bitcoin prices that we see today, of course the value is very high compared to the increase in the past years, so do we have to sell some bitcoins at the current price, or even we add value to the amount of BTC that we have today by buying it at the current price for us to store for quite a long time ,?
What are the suggestions & opinions of all of your friends who are here?

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January 10, 2021, 05:01:22 PM
 #2

If you think bitcoin will continue to rise in price in the long-term, obviously, buy.

If you think bitcoin has peaked in price and/or if you think there are other better investments out there, obviously, sell.

Now to the opinion part. I'm personally bullish on bitcoin so obviously I'll continue stacking sats regardless of price. Some people are as bullish as I am, and there are also some people that think that bitcoin is a bad investment.

In summary: Investing, in general, is hugely subjective. Do your own research, and come up with your own conclusions.

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Fesatmas
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January 10, 2021, 05:39:17 PM
 #3

I think it doesn't hurt to sell some and hold a part of it. because today's market will be different from last year. so it is likely the increase will continue this month. but it's up to you. this is just my point of view. because circumstances and needs always have different portions of us all. especially me, and I sell some to meet daily needs during a pandemic in my place of residence, the rest is to test my luck and I am ready for any risk.

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January 10, 2021, 05:56:12 PM
 #4

what should we do if we have some bitcoin at this time, regarding the increase in bitcoin prices that we see today, of course the value is very high compared to the increase in the past years, so do we have to sell some bitcoins at the current price, or even we add value to the amount of BTC that we have today by buying it at the current price for us to store for quite a long time ,?
What are the suggestions & opinions of all of your friends who are here?

Hello
This is the most popular question now a days. Since the price is rising drastically people assume that it's going to fall as fast but at the same time the tweets suggest otherwise. I do believe :
It's a personal opinion.
If you want to hold for the long term that means even if the price decreases you can easily encash them later in the future but right now if you think you cannot afford to loose financially then you should sell.
So if you can hold: then HOLD !
If you cannot for the long term and your financial situation is bad : Sell!
It's better to be safe than sorry ! Is what I believe in. Plus you have to analyze your financial situation too , how much you have saved up and how much your family needs therefore it's all on you. Best of luck !!
Make a good analysis and keep a track of the market!!

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Asuspawer09
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January 10, 2021, 06:03:37 PM
 #5

what should we do if we have some bitcoin at this time, regarding the increase in bitcoin prices that we see today, of course the value is very high compared to the increase in the past years, so do we have to sell some bitcoins at the current price, or even we add value to the amount of BTC that we have today by buying it at the current price for us to store for quite a long time ,?
What are the suggestions & opinions of all of your friends who are here?

It's a good time to sell your bitcoin if you're not aiming for a long term investment and just aiming for profit, we could easily expect a correction in the market price after a big pump up to 40k$ so you might expect a big dump soon. But if your willing to hold at the deep prices will be much higher, it's your choice you could sell and then buy again when it dumps or just hold for a higher price up to 100k$ or a million $. The thing is we don't know if the market will continue to pump up to 50k$ or will the correction is gonna happened already.

If your aiming for a higher market price you could just hold, for now, holding bitcoin is not risky because of the solid demand and limited supply so you could easily expect a higher market price in the coming years.

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January 10, 2021, 06:13:02 PM
 #6

Make it partial sell this is only if you are in the need of any emergency purpose, and hold rest of the balance qty also I would suggest you to follow market principles by buying low and selling high you are not advised to catch a jumping train, so think and plan before making a decision. Also if have already planned for long-term then why you want to turn back and see just move on.










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January 10, 2021, 06:16:04 PM
 #7

today I've sold bitcoin for $ 49,000, and stopped for a moment to rest waiting for the price to fall back down. you still want to hold it? while the peak is too high. Take advantage of the opportunities that exist, don't waste opportunities that just come or will wait until when you reach ATH like this. be realistic.

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January 10, 2021, 06:19:57 PM
 #8

I think it's a buy-buy for Bitcoin in 2021. My advice is based on the fact that 2021 is a post halving year and every post halving year had seen Bitcoin rise astronomically in value. Whatever happens after that was what we saw in 2018-2019. So, for the time being just find a great entry level and buy once you sight a correction.

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January 10, 2021, 06:20:54 PM
 #9

this is a very hard question to be answered because it's something "personal".
Anyone has personal finance and should always invest wisely taking profit when it's the right time.
But I think that if you have enough money that allow you to live without exchange this btc or you don't have any big expense ready to be made, it's not the right time to liquidate this asset now... ok taking profit, but the perception of value has changed. Now 1 btc = 1 box in a big city!
what if 1 btc = 1 apartment? So I think that until it's possible ... the best answer is HODL!

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January 10, 2021, 07:09:12 PM
 #10

I am sure you will not get the exact answer here but rather you will get mixed opinions, hence ei would suggest you to go along with the market flow by setting the lower limit as 10% and sell off if the value drops by 10% or more, make arrangements like reminder in various price notification applications to keep yourself updated. By this way you will gain all the profit if the value increased and you will minimize loss as well.

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January 10, 2021, 07:25:55 PM
 #11

I think Bitcoin should be treated as a risky long term investment.

It's risky so only invest money you can afford to lose.

It's on a bull run right now so there is a chance of pullback, so definitely only invest now expecting a return in 3 - 5 years.

Treat it like a normal investment and not a get rich quick scheme.
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January 10, 2021, 07:34:24 PM
 #12

BUY. Of course BUY. 100K will be the base of next BULL cycle. Anything below 100K is a BUY right now for BTC.
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January 10, 2021, 07:37:36 PM
 #13

I say SELL while bitcoin is still not crashing totally ( or is it? ) . I sold mine Friday , and now see gold prices crashing , I'm buying it once it stops its free fall .
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January 10, 2021, 09:29:06 PM
 #14

what should we do if we have some bitcoin at this time, regarding the increase in bitcoin prices that we see today, of course the value is very high compared to the increase in the past years, so do we have to sell some bitcoins at the current price, or even we add value to the amount of BTC that we have today by buying it at the current price for us to store for quite a long time ,?
What are the suggestions & opinions of all of your friends who are here?
actually everything returns to the owner of the bitcoin, is there currently no urgent matter to require fiat money to be used as a purchase which is also very important. if there is nothing clear is to keep your bitcoins stored because bitcoins are still increasing from day to day and it is likely that they will probably be up to 3-5 times from when 2017.

If you have capital that is not used for other purposes it is a good thing if you want to buy again but wait for the moment when bitcoin goes down, we know that bitcoin can go down quite sharply in a day and can go up again. at times like that you are ready to buy it.

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January 10, 2021, 09:40:21 PM
 #15

what should we do if we have some bitcoin at this time, regarding the increase in bitcoin prices that we see today, of course the value is very high compared to the increase in the past years, so do we have to sell some bitcoins at the current price, or even we add value to the amount of BTC that we have today by buying it at the current price for us to store for quite a long time ,?
What are the suggestions & opinions of all of your friends who are here?

Well that completely depends on your preference/target. Like some investors were just targeting to sell on the next ATH which was above $20,000 level, and some were targeting a 6 digit figure.
Now, If you want to harvest your profit now, which is for sure you do If you bought some Btc even early in 2020, then sell it. But always remember Bitcoin has been increasing every year, and every 3-4 years Bitcoin tends to have a bullrun in the post halving. Just try to imagine how much profit you make in the next 3-4 years specially when Btc reaches a hundred thousand dollars.

R


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January 10, 2021, 10:25:46 PM
 #16

what should we do if we have some bitcoin at this time, regarding the increase in bitcoin prices that we see today, of course the value is very high compared to the increase in the past years, so do we have to sell some bitcoins at the current price, or even we add value to the amount of BTC that we have today by buying it at the current price for us to store for quite a long time ,?
What are the suggestions & opinions of all of your friends who are here?
Your question isn't that hard to answer. Do you want to profit? sell. It's all you have to do but if you have plans for more than the price we have today, sell only what you like to take in cash.
We still have a long way to go before selling entirely your bitcoin stash or at least leave some bitcoin at your stash for future proofs.

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January 10, 2021, 10:28:37 PM
 #17

I think now the right time to sell your Bitcoin because this is already huge pump now time to dump Bitcoin's chart shows it headed for a big drop in the new year
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January 10, 2021, 10:35:48 PM
 #18

Well, if you dont need your money now I suggest toa hold, but if you badly need your money I suggest selling half your bitcoin holdings and the remaining half just to hold. Some of my bitcoins are still holding, I did not think to sell at any point because I hold for the purpose of keeping them in a long term. But it's up to you, that is your bitcoin, but if you want more profit in the future I suggest to hold for more at least another year. Or, if you will see your profit were there just sell the half and that is fine.
I think now the right time to sell your Bitcoin because this is already huge pump now time to dump Bitcoin's chart shows it headed for a big drop in the new year
I don't think so, just hold for me.









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here we come!
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January 10, 2021, 10:48:47 PM
 #19

I say SELL while bitcoin is still not crashing totally ( or is it? ) . I sold mine Friday , and now see gold prices crashing , I'm buying it once it stops its free fall .

It's funny how it can be crashing and not crashing on the same day.

You guys are falling victim to fear that charts set to small time periods create. There's really no reason to watch 30m or 1h Bitcoin charts unless you're a trader. Watch 6h charts or 1d charts and you'll be emotionally healthier.

The answer to OP's question is the same as always. Need fiat to buy something? Sell BTC. Got fiat, don't need it? Buy BTC!
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January 10, 2021, 10:53:59 PM
 #20

Check yourself first and ask some questions...

Am I in need of money this time?
Or, I am already profiting a lot, is this enough?

It for sure you can answer these questions and I believe that you know already your position. If you have that kind of contentment in your self, you probably make a decision to sell it. But of course, it was your decision and that be sure you have already been thinking it for several times and say no regrets after.



.
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January 11, 2021, 12:42:35 AM
 #21

In my opinion, those who still hold bitcoin are still holding it, but if it is needed for an important purpose, sell immediately,
and regarding whether or not to buy bitcoin is priced now, in my opinion, it depends on your own. I mean if you buy bitcoin now and intend to invest long-term it's worth it, but if you intend to invest in the short term then I suggest not buying because it is very high risk.

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January 11, 2021, 01:32:39 AM
 #22

Last months, while bitcoin grew, I bought it and hodl in the hope of growing it to 50k and higher. But today I sold a small part because it dropped to 36k. I don't know if I did the right thing, but if I see bitcoin rise again, I'll continue to buy and hodl.
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January 11, 2021, 04:38:50 AM
 #23

what should we do if we have some bitcoin at this time, regarding the increase in bitcoin prices that we see today, of course the value is very high compared to the increase in the past years, so do we have to sell some bitcoins at the current price, or even we add value to the amount of BTC that we have today by buying it at the current price for us to store for quite a long time ,?
What are the suggestions & opinions of all of your friends who are here?

If you obtain that bitcoin previously(around 6months to 1 year ago) then it is best to sell it this time and the scaling of price from that time to the present one is too large that you can get a huge sum of profit. Or you can still wait for it to increase in price more but we can't be sure what would be the peak price that time and may have a drastic fall in the future.



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January 11, 2021, 05:15:00 AM
 #24

In these situations, it is to buy more bitcoin as the price is down deeper for more than $4,000. But the downtrend still happens in the market, so that needs to analyze more to find a good time to buy. We can make a few orders buy at any price range, so when the price is down for more, we can buy back again at a low price. We don't have to buy at one order buy with a big-money because there is no guarantee that the price will go up, so we need to anticipate when the price is down for more. That is the chance for us to get more bitcoin at another lower price.
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January 11, 2021, 05:29:25 AM
 #25

Bitcoin price is now at $ 35,000 meaning Bitcoin is experiencing a correction. This is a good opportunity to buy Bitcoin again, because I see Bitcoin
support price at $ 35,000 is quite strong. It won't be long before Bitcoin will be back at $ 40,000 again. So if it returns to the price of $ 40,000,
it's best not to sell the Bitcoin that we had. Because based on my predictions, after Bitcoin correction, usually there will be a pump that is much
higher than before. So the next target Bitcoin will go up to the price of $ 45,000. My advice is to sell some of the bitcoins we have when reach
$ 45,000.

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January 11, 2021, 05:47:12 AM
 #26

Follow the market and have a good analysis and observation !! It has been said over and over again that 2021 will be the year of cryptocurrencies. Judging by the current market, Bitcoin seems to be experiencing a decent downside correction. If you believe in the rise of Bitcoin and are financially viable, then HODL! However, if you are not able to do this financially, it may be better for you to sell without much loss. If you bought it at over 40,000, we advise you to think twice before selling at such a decline.

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January 11, 2021, 05:53:15 AM
 #27

There is no right answers here.
If you have some extra money and believe that Bitcoin bull run has just begun, buy more Bitcoins.
If the situation is completely different for you, sell it.
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January 11, 2021, 06:35:48 AM
 #28

what should we do if we have some bitcoin at this time, regarding the increase in bitcoin prices that we see today, of course the value is very high compared to the increase in the past years, so do we have to sell some bitcoins at the current price, or even we add value to the amount of BTC that we have today by buying it at the current price for us to store for quite a long time ,?
What are the suggestions & opinions of all of your friends who are here?

Hello
This is the most popular question now a days. Since the price is rising drastically people assume that it's going to fall as fast but at the same time the tweets suggest otherwise. I do believe :
It's a personal opinion.
If you want to hold for the long term that means even if the price decreases you can easily encash them later in the future but right now if you think you cannot afford to loose financially then you should sell.
So if you can hold: then HOLD !
If you cannot for the long term and your financial situation is bad : Sell!
It's better to be safe than sorry ! Is what I believe in. Plus you have to analyze your financial situation too , how much you have saved up and how much your family needs therefore it's all on you. Best of luck !!
Make a good analysis and keep a track of the market!!
yes thanks for all your advice and opinion, of course I will sell some of what I have at current prices, and I will choose to keep most of what I have, because I believe bitcoin will be able to increase the price even higher more than now, and even if there will be another decline, of course I will buy it back to save for a longer period of time.

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January 11, 2021, 06:38:30 AM
 #29

We hold bitcoin for long term because we want to make profit from it when the time is right and I don't blame people to sell because that's their investments they are taking profit with. It's just like doing a trade, buy low and sell high scenario will be the strong point of why we are in crypto industry to make profit and make adoption.

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January 11, 2021, 09:26:37 AM
 #30

Check yourself first and ask some questions...

Am I in need of money this time?
Or, I am already profiting a lot, is this enough?
You need to have an assessment about the market as a whole when you take these decisions as well, you need to identify the general market landscape and see whether you can diversify your portfolio in other markets as well or your plan will be to take some profit and reinvest when there is a market correction. I do book my profit every now and then and with the alts rising again i am planning to offload everything and concentrate only on a few coins rather than having a vast portfolio.

One thing is certain i will not be investing when the market is riding high, i will wait for the market correction before making my decisions.
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January 11, 2021, 11:57:36 AM
 #31

If you sold your coins at $40k and bought hours ago at $32k then you are one hell of a lucky bastard.  Grin
It's volatile.
It's difficult to achieve a perfect choice. The risk will always be there.
I can't say you should buy more since I don't want to be the one being blamed when the price suddenly falls.
It will always be an individual decision.
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January 11, 2021, 12:50:58 PM
 #32

It depends on your choices. If you are a pure investor who has a strong belief in bitcoin, continue to buy bitcoin is the best option for you. By amassing bitcoin over and over, you can have a large amount of bitcoin in the future where bitcoin can be used and treated as a currency.

If you are a trader, we do not really care about the price of bitcoin or anything related. The only thing we want to achieve is to earn more and more money by trading bitcoin daily, weekly, or monthly. By doing so, we can generate our money actively and having more and more money ( or even bitcoin) in a short amount of time. This is riskier than holding bitcoin because you will not always win. And if you are a reckless trader, carelessness trade can lead to losing all of your money.

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January 11, 2021, 01:32:09 PM
Last edit: June 12, 2023, 01:55:33 AM by STT
 #33

Its under the weekly average now so its definetly a correction of some kind rather then just a volaile blip forgotten within the range of a 4hr candle.     Long time ago but last year about this time it made a new high even after leaving the bullish trend, its not likely to go down all at once.  My first guess at a fairly solid low was 27k area and this 33k area is a definite maybe and really quite light still.  If it settles above 33k then barely anything happened, 27k will take a bit more time.   Either way it's adjusting after much gains and will likely continue to go back up at some point, the only hard part is calling how far that goes and so I dont think its really finished yet.


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January 11, 2021, 01:58:18 PM
 #34

If you think bitcoin will continue to rise in price in the long-term, obviously, buy.

If you think bitcoin has peaked in price and/or if you think there are other better investments out there, obviously, sell.

This is really a straightforward reply to the OP's question and I think that buying and selling bitcoin depending on the situation will really help you to have answers.

Bitcoin can be invested either for a long-term or short term investment depending on your plans and strategies.

When you want to make it just like gold then buy and hold for a long period of time but if you want to have much more profits then sell right now. While it is still making upward movements in the market because when bearish market exists, that's the time where you will regret everything you've done before.

So think right now, and be careful about the decisions that you will be doing with your bitcoins.

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January 14, 2021, 08:02:13 PM
 #35

I see the bitcoin market as if it has touched the highest value, maybe this has started to fall in price, but we hope that this has not happened, the price of bitcoin, hopefully it will get better in the future.
What you predict is of course also believed by some crypto followers, because we know that bitcoin has not reached the maximum value predicted when viewed from the halving, but predictions can change and we don't know, looking at the correction that was at the beginning in the year  it appears that bitcoin gives a signal to not going down but waiting for the momentum to go up again and we will wait for that.

now it is up to you to determine whether you are doing, selling or going to buy. if you want to buy now where bitcoin is stable is the most important. if your intention is to sell it is suggested to wait a few more moments to do that.

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January 14, 2021, 08:08:00 PM
 #36

Check yourself first and ask some questions...

Am I in need of money this time?
Or, I am already profiting a lot, is this enough?

It for sure you can answer these questions and I believe that you know already your position. If you have that kind of contentment in your self, you probably make a decision to sell it. But of course, it was your decision and that be sure you have already been thinking it for several times and say no regrets after.

Am i need of money this time? Yes, i do need but i do still have some money to sustain or for living and of course, money for investment is an another thing.

When buying out btc then you do particularly talks about long term investment and dont ever risk out into your life money savings because this doesnt give out guarantees.

Profit is enough? as long you do seem to be worth to pull it off or just wait for some time.

R


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January 14, 2021, 10:14:32 PM
 #37

The best suggestion is believing to your strategy, you have to make your own analyst and you have to make all decision base on your strategy. By doing that you will never find a situation where you just regretted what has done by you, you will never regret that your strategy is going wrong and make you lose even a lot of money.

My strategy for this situation is buying the dip and sell when its price closely touch the previous high price. And when the price passed the previous high I will buy more and set the target price using fibbonaci expansion. Indeed, buying bitcoin at the current price is worried enough, you will never know that the price could fall sharply like has happened two days ago. But, it was just happen for a while and bitcoin increase will touch the previous high price.
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January 14, 2021, 10:33:10 PM
 #38

That could be subjective and that will depend on how you are looking forward to the market situation in the future.

I may sell it because I am now profiting and I need to secure my fund from losing when the dumping scenarios have come. This could be one factor helping me to decide and might be helping you as well.

I want you also to know that investing in Bitcoin is not just all about selling because we saw a better price and high return. Institutional investors are preparing for a huge demand and high price in the coming years and that they are just holding it rather than selling. And if we have this gut, following them is another option to take.

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Question123
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January 15, 2021, 02:23:33 AM
 #39

Price is quiet rising now and it is really think it will rise again and if remember the price last few days ago dump that causes to other investors to sell their bitcoin but as goods news we are able to see again pumping the price and I believe we should hold our bitcoin for more months because this year more the speculation to the bitcoin value is increasing or good prediction other said upto 100k dollars.
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January 15, 2021, 08:03:52 AM
 #40

2 scenarios that you will see.

1. If you see that Bitcoin will rise in the long term then just buy it at any price you want. It would be better though if you will wait patiently until Bitcoin makes a correction.
2. Sell if you want to have some money again or you are seeing that a correction might happen anytime soon..

Overall, like most of people said here it will always be your decision into whether you will buy or sell after all it will be your money that will be at risk not ours. Know how to read charts, learn at least the basics of TA and don't listen to news Smiley.

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January 15, 2021, 12:07:37 PM
 #41

what should we do if we have some bitcoin at this time, regarding the increase in bitcoin prices that we see today, of course the value is very high compared to the increase in the past years, so do we have to sell some bitcoins at the current price, or even we add value to the amount of BTC that we have today by buying it at the current price for us to store for quite a long time ,?
What are the suggestions & opinions of all of your friends who are here?
We would be rich now if we had bought it last year, that is a sentence many people often joke when talking about bitcoin. Of course, you should buy more and hold bitcoins for the long term, it is the best way to avoid regrets.
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January 15, 2021, 02:00:51 PM
 #42

Because I believe Bitcoin will hit the price of $ 50,000 then I am still HODL Bitcoin until now, and won't sell my Bitcoin until I reach my target.
In fact, I have bought Bitcoin again when the Bitcoin price a few days ago corrected to a price of $ 32,000. And now the Bitcoin price has started
to go up again and is at a price of $ 37,000. Hopefully the Bitcoin price can return to $ 40,000 in the near future. So getting closer to the price of
$ 50,000 which is the sell target that I have set.

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January 15, 2021, 03:32:42 PM
 #43

I would say right now is to hold period. If you do not have any bitcoin, do not buy a lot, if you want you could get in like 50-100 bucks if you want to but that's it, do not get in too much, only like 5% of your money that you can spend right now.

Secondly and more importantly we are talking about not selling right now, if you have bitcoin, do not sell it, because it may still go higher, and if you want to sell you can still wait for it to crash and sell before it crashes, instead of selling right now.

All of these together would be a lot better. That is the point right now, it is the point of "do not buy a lot, but if you have it do not sell a lot neither" period, which is a difficult situation to be in as well. I personally think it is quite nice that we are this high, and as long as we can stay at this price there is nothing to worry about, even if we do not go higher.
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January 15, 2021, 04:06:22 PM
 #44

Basically, those who are not planing to hold Bitcoin on a long term should sell their coins now becasue the market will definitely experience some sell off soon. With the above statement, i personally buy some few bulk of bitcoin which i intend to keep against the future because the future of Bitcoin has now be made clear for everyone that, it will be a good store of value both for the governments and individuals. Though if you are thinking that Bitcoin has been over bought, please sell for profit to avoid BP.

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January 15, 2021, 04:13:42 PM
 #45

What I would do in my personal opinion is, if I had how to buy Bitcoin I would do it, it does not matter if Bitcoin falls in price, I would wait as long as necessary because I have the conviction that it will rise even more, and I would have another Bitcoin to speculate on it. market.

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January 15, 2021, 04:50:06 PM
 #46

Bitcoin is now undergoing a slight correction so still don't panic in a situation like this it's much better to buy because I'm sure it won't be long and it will return to normal, I have prepared to buy below 32k if it is true it will go down and I will definitely hold on for longer because bitcoin is already high on its own, the correction is now not long before but it's just that if you have been firm in your stance, it's better not to sell during conditions like this, like there is a term to secure your assets to USDT rather than experiencing losses for me this is wrong if you hold you are strong.

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January 15, 2021, 11:15:57 PM
 #47

what should we do if we have some bitcoin at this time, regarding the increase in bitcoin prices that we see today, of course the value is very high compared to the increase in the past years, so do we have to sell some bitcoins at the current price, or even we add value to the amount of BTC that we have today by buying it at the current price for us to store for quite a long time ,?
What are the suggestions & opinions of all of your friends who are here?

The fear of missing out when the price of bitcoin increase rapidly and regret when selling too early or too late are some feelings that we have to deal with.
Bitcoin price supposed to increase this year, some say up to $250k but I would assume $100k, it's better if bitcoin can increase more than that obviously.
Therefore, if you don't need to sell bitcoin, don't sell it until it reaches the peak refers to your perception, rather accumulate more coins into the wallet.
If you are a trader in order to maximize the profit, buy and sell at your will but don't regret the wrong-call that you may make.
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January 16, 2021, 09:04:13 PM
 #48

The current price of bitcoin is very different from the previous 3 years, congratulations to the holders who have persisted in maintaining it until this moment.
I personally will still buy bitcoin, because the current bitcoin price is still low, not yet touching the price of $ XXX, XXX

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January 16, 2021, 11:02:09 PM
 #49

The situation is very difficult and there are many multidirectional trends now, so I advise (subject to the availability of free money) to diversify your investments. If your capital is more or less evenly distributed between cryptocurrency and fiat money, then it will be equally convenient for you to make purchases during the fall and sell during the growth.

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January 16, 2021, 11:57:13 PM
 #50

what should we do if we have some bitcoin at this time, regarding the increase in bitcoin prices that we see today, of course the value is very high compared to the increase in the past years, so do we have to sell some bitcoins at the current price, or even we add value to the amount of BTC that we have today by buying it at the current price for us to store for quite a long time ,?
What are the suggestions & opinions of all of your friends who are here?

The fear of missing out when the price of bitcoin increase rapidly and regret when selling too early or too late are some feelings that we have to deal with.
Bitcoin price supposed to increase this year, some say up to $250k but I would assume $100k, it's better if bitcoin can increase more than that obviously.
Therefore, if you don't need to sell bitcoin, don't sell it until it reaches the peak refers to your perception, rather accumulate more coins into the wallet.
If you are a trader in order to maximize the profit, buy and sell at your will but don't regret the wrong-call that you may make.

FOMO is what we can say normal since many people doesn't want to miss the current market condition since they might think to earn when they buy at the current price but actually this action is dangerous if they didn't follow the market closely since any reaction might lead them to lose the opportunity to sell.

Although there's possibilities that we can reach to $250k as you said but it's quit high peak to reach, maybe the $100k for now is pretty reliable but first we need to see it reach at $50k so that we can assume that $100k price will be possibly gotten for this year onwards.

R


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inanilujimi
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January 17, 2021, 02:22:02 AM
 #51

In my personal opinion for now at a price of btc which is still under $ 40k I continue to buy to collect some satoshi, I personally believe btc will continue to be bullish until the end of the year, of course everyone has a different perspective to choose to buy or sell btc depending on research and needs.
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January 17, 2021, 04:33:56 AM
Last edit: June 12, 2023, 01:53:59 AM by STT
 #52



With this downtrend in play its reasonable to halt any buying but if it breaks the downtrend I would suggest you can take up some buying in a similar way to previous runs.   A break of 35385 on 4hr bars is a reason to be especially cautious and expect further downside, 34395 is low below as a further check to negative action.    I do expect those levels to be challenged later on today going into the week there is often turbulence.



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January 17, 2021, 06:46:43 AM
 #53

what should we do if we have some bitcoin at this time, regarding the increase in bitcoin prices that we see today, of course the value is very high compared to the increase in the past years, so do we have to sell some bitcoins at the current price, or even we add value to the amount of BTC that we have today by buying it at the current price for us to store for quite a long time ,?
What are the suggestions & opinions of all of your friends who are here?

Don't build the habbit of asking for suggestions from random users online especially when your finance in on the line. You'll get as many suggestions you can handle and probably this will affect your reasoning even though you just wanted the suggestion to compare with what you had in mind.  You should have had a strategy before now and if you don't, better start working on one before you fund yourself in similar situations tomorrow.

Before investing, know your exit point. Do note that, this can be adjusted as the months goes by. Probably your exit was at price that as a result is f the growth of the industry, it'll be foolish exiting the market at that point then you can increase (set new) target.

The market is still very bullish therefore it won't be advisable exiting the market right now. You should set your stop loss though at a price that it'll be comfortable for your taking profit at that price assuming the market was to crash suddenly.

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January 17, 2021, 08:08:43 AM
 #54

If you have been hodling around the 10k price point, I think that it is best that you harvest the bounty that you deserve for your patience. Constant hodling wouldn't get you nowhere but FOMO, remember that prices could go down and this is your chance to get a more than decent profit from your bitcoin. Buying at this moment with the current prices for long term is a good thing but remember to take out the other bitcoin that have been sitting there before buying a new one.

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January 17, 2021, 08:47:19 AM
 #55

If you have been hodling around the 10k price point, I think that it is best that you harvest the bounty that you deserve for your patience. Constant hodling wouldn't get you nowhere but FOMO, remember that prices could go down and this is your chance to get a more than decent profit from your bitcoin. Buying at this moment with the current prices for long term is a good thing but remember to take out the other bitcoin that have been sitting there before buying a new one.
I agree, though the price could go up more but the best way for you to have some profit if you think that bitcoin price will go down is to sell some btc in your portfolio. In this kind of way, you will avoid having regrets if the goes down and also if the value goes up because you already have profit and then you also have some more in your portfolio right?
And for me before buying bitcoin at this moment is really good because the chances of it getting a pump are high because of this year's hype.
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January 17, 2021, 10:54:28 PM
 #56

If you have been hodling around the 10k price point, I think that it is best that you harvest the bounty that you deserve for your patience. Constant hodling wouldn't get you nowhere but FOMO, remember that prices could go down and this is your chance to get a more than decent profit from your bitcoin.

I would never judge someone for taking profit (that's their prerogative) but that kind of mindset is going to lose you coins over the long run. You'll greatly regret it. I did.

Being a Bitcoin early adopter is a once in a generation opportunity. This is not just another stock in your portfolio. You shouldn't be selling coins for a 2x or 3x. Not many of them, anyway.

If you can, you should be thinking about leaving BTC for your retirement, and your children's inheritance. Not flipping for a quick profit! Your kids and grandkids will not have this opportunity so you need to take it for them.

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January 17, 2021, 11:22:09 PM
 #57

If you have been hodling around the 10k price point, I think that it is best that you harvest the bounty that you deserve for your patience. Constant hodling wouldn't get you nowhere but FOMO, remember that prices could go down and this is your chance to get a more than decent profit from your bitcoin.

I would never judge someone for taking profit (that's their prerogative) but that kind of mindset is going to lose you coins over the long run. You'll greatly regret it. I did.

Being a Bitcoin early adopter is a once in a generation opportunity. This is not just another stock in your portfolio. You shouldn't be selling coins for a 2x or 3x. Not many of them, anyway.

If you can, you should be thinking about leaving BTC for your retirement, and your children's inheritance. Not flipping for a quick profit! Your kids and grandkids will not have this opportunity so you need to take it for them.

This is a reasonable point of view, but somewhat naive. Tell me, how many people have you seen who not only think but also act for the future in 20 years? I think only a few. The vast majority of people do not do the obvious right things that will bring profit over the next 5 years, and you want them to think about grandchildren  Smiley

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January 18, 2021, 08:56:04 AM
 #58

Being a Bitcoin early adopter is a once in a generation opportunity. This is not just another stock in your portfolio. You shouldn't be selling coins for a 2x or 3x. Not many of them, anyway.

If you can, you should be thinking about leaving BTC for your retirement, and your children's inheritance. Not flipping for a quick profit! Your kids and grandkids will not have this opportunity so you need to take it for them.

This is a reasonable point of view, but somewhat naive. Tell me, how many people have you seen who not only think but also act for the future in 20 years? I think only a few.

Most people I know my age have a retirement account. They pay into it with every paycheck. They're planning for the future.

Unfortunately, the same people think BTC is like a get rich quick casino, to be flipped like a hot potato.

I'm sure this popular attitude will change in time as Bitcoin becomes entrenched in the financial system and acknowledged as a legitimate store of value asset. In the meantime, there's going to be a whole lot of tears after people sell their coins at these low prices and then watch the market go parabolic.

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January 18, 2021, 09:00:24 AM
 #59

Bitcoin is of great value to me, and I decided to hold on to it, and it is possible that I will realize some in a few years or decades
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January 18, 2021, 09:54:17 PM
 #60

This is a reasonable point of view, but somewhat naive. Tell me, how many people have you seen who not only think but also act for the future in 20 years? I think only a few.

Most people I know my age have a retirement account. They pay into it with every paycheck. They're planning for the future.

Unfortunately, the same people think BTC is like a get rich quick casino, to be flipped like a hot potato.

I'm sure this popular attitude will change in time as Bitcoin becomes entrenched in the financial system and acknowledged as a legitimate store of value asset. In the meantime, there's going to be a whole lot of tears after people sell their coins at these low prices and then watch the market go parabolic.

In my country, the situation with pension savings is approximately the same, but in fact the state forces people to make these savings (which already in a certain way speaks of people's responsibility). As for regrets and tears, yes, many will remember how in the past they spent their assets on nonsense and to some extent deprived themselves of the future.

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January 18, 2021, 10:52:34 PM
 #61

It depends on what price when you buy bitcoin? But if you’ve made a lot of profit, you’d better have sold your bitcoin by then. Because now the bitcoin
price has dropped at $36.xxx. but if you want to invest longer to get the highest price it is also very good. Because bitcoin will always have a new price
on each increase. It’s you who decides.

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January 19, 2021, 05:45:02 AM
 #62

Bitcoin has become the most known cryptocurrency for the last few years. With its increasing popularity, the demand for buying Bitcoin is also increasing day by day. When it comes to the USA, cryptocurrencies have been the focus of most attention by both the Federal and state government there. While it is still a debatable topic that Bitcoin is legal in which country, investors worldwide are not bounded by these debates.

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January 19, 2021, 08:16:19 AM
 #63

Most people I know my age have a retirement account. They pay into it with every paycheck. They're planning for the future.

Unfortunately, the same people think BTC is like a get rich quick casino, to be flipped like a hot potato.

I'm sure this popular attitude will change in time as Bitcoin becomes entrenched in the financial system and acknowledged as a legitimate store of value asset. In the meantime, there's going to be a whole lot of tears after people sell their coins at these low prices and then watch the market go parabolic.
I do not know your age so I can't really say anything about that, but I know people who are 30 years old or younger in my generation can barely live. We have learned long time ago that the money you make from your regular job is money so you do not die.

Paychecks are for regular stuff like bills and food and that sort of thing, if you ever want to have money you have to chase all those potentials in life, maybe it is crypto, maybe it is uber, maybe it is something else that would make you money, or maybe it is starting a new digital side gig, who knows?

If you ever want to have a decent life that you would be happy with you have to end up finding something that will make you rich and get lucky, countless others do not have that chance and all end up living a boring life and die that's it. So long story short having a retirement account is a luxury for people who are under 30, or at least that is like that for me and people I know.
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January 19, 2021, 09:04:38 AM
 #64

what should we do if we have some bitcoin at this time, regarding the increase in bitcoin prices that we see today, of course the value is very high compared to the increase in the past years, so do we have to sell some bitcoins at the current price, or even we add value to the amount of BTC that we have today by buying it at the current price for us to store for quite a long time ,?
What are the suggestions & opinions of all of your friends who are here?

If you are like me and have some fiat stored away then I am waiting for another dip to happen before I make any more bitcoin buys. 
So far I have been waiting for this dip since we broke past 30k but it still hasnt happened yet and I dont know if it ever will again.   
Selling my coins right now is not a option for me since I think there is going to be another major bull surge in the next month.  Maybe even sooner then that.

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January 20, 2021, 01:56:31 AM
 #65

I think we should sell it because the current price is very high, so the price may go down. so don't expect a big profit Smiley
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January 20, 2021, 05:24:36 AM
 #66

If you are like me and have some fiat stored away then I am waiting for another dip to happen before I make any more bitcoin buys. 
So far I have been waiting for this dip since we broke past 30k but it still hasnt happened yet and I dont know if it ever will again.   
Selling my coins right now is not a option for me since I think there is going to be another major bull surge in the next month.  Maybe even sooner then that.
Many people are waiting for that "dip" and that is why it never really fully goes down and stays there, whenever there is a correction, it shoots right back up. Price went from nearly 41k levels to 32k levels but stayed there less than 8 hours and went back to 35k right away for example, all because there are people like you who buys right back up whenever the price falls down, that is why I believe it is great right now since we can talk about how bitcoin is resisting to fall and it goes back up whenever the price goes down.

So thanks to people like you (and obviously rich companies) we are not falling too much, you are keeping bitcoin price high and that is why we have earned more and more. The real trick of going up is to show the world that it is not going down, if it is not going down then only option to make money is going up and that is what you have achieved.
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January 20, 2021, 05:38:46 AM
 #67

I think we should sell it because the current price is very high, so the price may go down. so don't expect a big profit Smiley
If you want to have many bitcoin, you should buy more bitcoin. But if the price increases, you can sell some of bitcoin you have to make a profit, but if you want to hold for more, even if the price can increase high, you do not have to sell at that time. That will depend on your strategy because some people are willing to buy more bitcoin once the price is down, but they will buy at many prices level, and if the price is down, their order buy will be filled. We can still expect to make a big profit later, especially if bitcoin price can jump to the high price.

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January 20, 2021, 07:27:05 AM
 #68

what should we do if we have some bitcoin at this time, regarding the increase in bitcoin prices that we see today, of course the value is very high compared to the increase in the past years, so do we have to sell some bitcoins at the current price, or even we add value to the amount of BTC that we have today by buying it at the current price for us to store for quite a long time ,?
What are the suggestions & opinions of all of your friends who are here?
This depends totally on you. Every people have different set of goals based on their financial aspects. So looking at different peoples opinion won't help you in your case.
If you think the price is high and you have made enough profit then sell it. If you think you can afford to "lose your investment" and willing to make more profit, then either keep holding the coins or invest more to maximize your profit. In the end, the decision is yours depending on your financial aspects.

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January 20, 2021, 07:55:27 AM
 #69

what should we do if we have some bitcoin at this time, regarding the increase in bitcoin prices that we see today, of course the value is very high compared to the increase in the past years, so do we have to sell some bitcoins at the current price, or even we add value to the amount of BTC that we have today by buying it at the current price for us to store for quite a long time ,?
What are the suggestions & opinions of all of your friends who are here?
I chose to sell some bitcoins at the current price and keep the rest in my wallet. Until the market becomes bearish, I will buy it again and keep it for a long time.
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January 20, 2021, 10:04:51 AM
 #70

I think we should sell it because the current price is very high, so the price may go down. so don't expect a big profit Smiley
The prices are still going up and although there are some hiccups selling right now is not the best option. That is my take on the question though, it is pretty subjective as we have different lives and our condition of living is almost unique to our country's. For me, holding for the long term is the best course of action.
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January 20, 2021, 10:50:48 PM
 #71

what should we do if we have some bitcoin at this time, regarding the increase in bitcoin prices that we see today, of course the value is very high compared to the increase in the past years, so do we have to sell some bitcoins at the current price, or even we add value to the amount of BTC that we have today by buying it at the current price for us to store for quite a long time ,?
What are the suggestions & opinions of all of your friends who are here?
If you have the capability to read a chart, of course, the best way is to take benefits from the roller coster price, Sell high, buy low, and repeated, of course, your amount of Bitcoin will increase

But if you can't, I think it's time to be a real Investor, that keep holding it until the price is moon, very moon

Keep in your mind that Bitcoin price can be double from now, even triple. If you are patient



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January 20, 2021, 11:56:27 PM
 #72

I think we should sell it because the current price is very high, so the price may go down. so don't expect a big profit Smiley
The prices are still going up and although there are some hiccups selling right now is not the best option. That is my take on the question though, it is pretty subjective as we have different lives and our condition of living is almost unique to our country's. For me, holding for the long term is the best course of action.
Holding for the future is what most been targetting but as mentioned that conditions in each everyones lives are different where there are situations where you do need to make profit to sustain
or support your living in a short time manner which means dealing with the market actively is a must for you to have chance neither you do gain or loss in a short span of time that means
your capability of doing trades will really be tested out. Selling or buying then it all goes to a certain investor, if you do go for long term holds then go ahead but if you do go
with active trades then go ahead, it doesnt matter which one as long it would really make you contented and comfortable on what you are doing.

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January 21, 2021, 04:11:12 PM
 #73

what should we do if we have some bitcoin at this time, regarding the increase in bitcoin prices that we see today, of course the value is very high compared to the increase in the past years, so do we have to sell some bitcoins at the current price, or even we add value to the amount of BTC that we have today by buying it at the current price for us to store for quite a long time ,?
What are the suggestions & opinions of all of your friends who are here?
This depends totally on you. Every people have different set of goals based on their financial aspects. So looking at different peoples opinion won't help you in your case.
If you think the price is high and you have made enough profit then sell it. If you think you can afford to "lose your investment" and willing to make more profit, then either keep holding the coins or invest more to maximize your profit. In the end, the decision is yours depending on your financial aspects.
This! I have said this a million times but nobody seems to understand it, obviously I can't make myself heard by everyone in the world, but people should learn to get out when they have enough.

For example, you should calculate about how much you spend per year, and you should put whatever inflation you think is real on top of that yearly, and calculate how much money you will need if you lived to be 120 years old, it is unlikely that you will be 120 years old but we do this so you have some spare even when you die (or on the off chance you do get to be 120 years old). That would allow you to have a certain number, a number that will be enough for you to live without making another cent, without needing any more income, maybe a savings account?

A low interest one so that money staying in the bank would work for you, but that's it. When you have that much, get out, get out very quickly and never look back. Until then, just keep on grinding.
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January 21, 2021, 09:26:33 PM
 #74

It depends on what price when you buy bitcoin? But if you’ve made a lot of profit, you’d better have sold your bitcoin by then. Because now the bitcoin
price has dropped at $36.xxx. but if you want to invest longer to get the highest price it is also very good. Because bitcoin will always have a new price
on each increase. It’s you who decides.

Obviously, if you know that one of the two assets will grow faster than the other, then you need to invest in it. But how many of these assets do you know when paired with bitcoin? Hardly anyone foresaw such a rapid growth of Tesla or some other relatively new companies, in this sense bitcoin is much more easily predictable over long distances.

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January 21, 2021, 09:53:31 PM
 #75

Bitcoin fell again below $ 32k, even though it had experienced a bounce above $ 32k but unfortunately it looks like the seller is stronger,
I don't hold Bitcoin but I hold altcoins, and altcoins are severely affected, yes it's sad to see Bitcoin price bearish again.
If you want to buy Bitcoin, my advice is to wait until the $ 30k support actually holds. Don't make the wrong decision, the worry is Bitcoin is a bubble.

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January 21, 2021, 11:04:06 PM
 #76

Bitcoin fell again below $ 32k, even though it had experienced a bounce above $ 32k but unfortunately it looks like the seller is stronger,
I don't hold Bitcoin but I hold altcoins, and altcoins are severely affected, yes it's sad to see Bitcoin price bearish again.
If you want to buy Bitcoin, my advice is to wait until the $ 30k support actually holds. Don't make the wrong decision, the worry is Bitcoin is a bubble.
Just watching it now @ $30,800. It's not bearish. Just because we see bitcoin corrects, we'll conclude that it's already bearish. Not like that at all and I say that we're still far from being bearish. Normal pull backs do really happen for bitcoin and this is the reason if you're into most altcoins, you should get a hand for bitcoin.

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January 22, 2021, 01:42:51 AM
Last edit: June 12, 2023, 01:52:35 AM by STT
 #77


I was told 28k is a good area, just zooming all the way out on weekly bars I think slightly lower maybe 25k but its just a wide view guess.    We have reached the 50 day average pretty much and that was my target a while back when speculating on this idea of a triangle and any possible sell off.   Weekly bars is not much detail because we moved so much in little time it probably requires to look at daily but weekly is the ideal to remove noise, so its just going to be harder to see.   Have a look at 30575 and if it can close above there on daily or speculatively 4hr bars then its adjusting positively from there on I would look for.

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January 22, 2021, 08:22:31 AM
 #78

I was able to scoop up a few hundred dollars worth of Bitcoin at price point of 31k and now I am already in the red on this order.

We must hope at this stage that 29k-30k is a good holing point and we wont see much more of a correction south of these numbers.

Bitcoin price point of 20k again doesnt sound very good to me.  And it wont give investors the confidence we all had at 40k.

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January 22, 2021, 08:59:06 AM
 #79

we are in 2018 again (after the 2017 ath).
 this is the most difficult trading window available: if you are here for the long run then don't be worried but if you can't keep up with some franticvolatility, refrain from buying and selling.
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January 22, 2021, 08:36:01 PM
 #80

Those who have bought when it's $29k, you did it right. There's now profit in your hands as bitcoin tries to reclaim itself back to $34k.
I was able to scoop up a few hundred dollars worth of Bitcoin at price point of 31k and now I am already in the red on this order.
Congratulations on that purchase, you just did it in time.
we are in 2018 again (after the 2017 ath).
 this is the most difficult trading window available: if you are here for the long run then don't be worried but if you can't keep up with some franticvolatility, refrain from buying and selling.
I agree that long term holders don't have to worry with it. We usually step on corrections like it did.

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January 22, 2021, 11:23:24 PM
 #81

we are in 2018 again (after the 2017 ath).
 this is the most difficult trading window available: if you are here for the long run then don't be worried but if you can't keep up with some franticvolatility, refrain from buying and selling.

If you understand the moment correctly and now there really will be a repeat of 2018, then this is not as bad as it might seem at first glance. Now there are many opportunities for margin trading, so even on the fall, you can make very good money. With some luck on the fall of the asset, you can earn even more than on the growth.

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January 23, 2021, 04:53:09 AM
 #82

we are in 2018 again (after the 2017 ath).
 this is the most difficult trading window available: if you are here for the long run then don't be worried but if you can't keep up with some franticvolatility, refrain from buying and selling.

yes now it's time to sell, looks like the price will return to 15000 $. that's just my advice, before losing the price

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January 23, 2021, 07:09:12 AM
 #83

we are in 2018 again (after the 2017 ath).
 this is the most difficult trading window available: if you are here for the long run then don't be worried but if you can't keep up with some franticvolatility, refrain from buying and selling.
This time it was different from the 2018 market scenario. During the year 2018 the price fell steep downward gradually once after the market of bitcoin touched its ath. This time the scenario is different, the market keeps undergoing price correction. From every price correction it gains good stability for a forward push than a downward deviation. If it was like the 2018 market now the bitcoin price will be sitting around $20000 - $25000.

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January 23, 2021, 08:53:05 AM
 #84

we are in 2018 again (after the 2017 ath).
 this is the most difficult trading window available: if you are here for the long run then don't be worried but if you can't keep up with some franticvolatility, refrain from buying and selling.
This time it was different from the 2018 market scenario. During the year 2018 the price fell steep downward gradually once after the market of bitcoin touched its ath. This time the scenario is different, the market keeps undergoing price correction. From every price correction it gains good stability for a forward push than a downward deviation. If it was like the 2018 market now the bitcoin price will be sitting around $20000 - $25000.
Every time is different, yet the trading pattern of 2017-2018 looks pretty similar to what we are witnessing now. I know the scenario has completely changed with institutional money now leading the trades. IMHO a correction after the last ATH was necessary as dumb retail money was jumping onboard and I bet many people smashed their heads quite badly falling from the top.
We will see what happens, we have a long way to go.
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January 23, 2021, 11:11:00 AM
Last edit: February 12, 2021, 01:23:25 PM by marcbitcoins
 #85

We all know that it is impossible to accurately predict a rally or price correction in Bitcoin, as several factors influence its rise and fall. Thus, it is required to act quickly after deciding to buy or sell Bitcoin, as the price may not remain near the desired levels for a long time. I suggest that the only time to sell bitcoin is if you've made a profit. It's the number of earnings you want that affects your sell point. Have a target, a goal. Just don't put all your eggs in one basket, as if you can't lose the lot and just leave with just a shrug of your shoulders, you have over-speculated.
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January 23, 2021, 11:23:01 PM
 #86

Bitcoin has support at $ 30k, if it is below $ 30k, then be careful, because it is possible to donwtren again up to $ 24k,
this does look very likely because dumps also occur, it's better to place a stop loss at $ 29900, because it will save you,
getting into altcoins will also make it safe because altcoin is so cheap.

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January 24, 2021, 02:26:08 AM
 #87

I would really love to save some Bitcoins.

Since the price of Bitcoin is quite unpredictable right now, I think it is best to wait for some time and look at the price chart. Maybe look at the identifiers so you would know what to do in certain situations. If you feel that the price is going low, you should be wary of the price changes and mark a price where you could reinvest.
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January 24, 2021, 03:12:36 AM
 #88

Bitcoin has support at $ 30k, if it is below $ 30k, then be careful, because it is possible to donwtren again up to $ 24k, this does look very likely because dumps also occur, it's better to place a stop loss at $ 29900, because it will save you, getting into altcoins will also make it safe because altcoin is so cheap.
My stop loss is around the 25k mark because I feel like that is a fair estimate for me, and not to mention that at that mark, my profit margin from selling my bitcoin is still large. I have this back up so low is because I want to have a safety landing when the bear comes. You have to be careful with altcoins though, there are a lot that are just a way to funnel money to the creator so do your research before buying one.
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January 24, 2021, 01:42:43 PM
 #89

We all know that it is impossible to accurately predict a rally or price correction in Bitcoin, as there are several factors which influences its rise and fall. Thus, it is necessary to act quickly after deciding to buy or sell Bitcoin, as the price may not remain near the desired levels for a long time. I suggest that the only time to sell bitcoin is if you've made a profit. It's the amount of profit you want that affects your sell point. Have a target, a goal. Just don't put all your dreams in one basket. If you can't lose the lot and just walk away with just a shrug of your shoulders, you have over-speculated.
Acting quickly would do the opposite effect of what you are talking about. Bitcoin moves very fast anyway, and if you move fast with it, you could be right and get a lot of profit from it that's true, but you could also be wrong and lose a lot of money as well.

The best way to approach bitcoin purchase is to make sure you know what you are doing and buying afterwards, if you do your chart readings and technical analysis well enough, spend an hour checking every small detail and you decide on something, you can do it, but reacting with emotions and deciding to buy or sell that quickly may hurt you in the end, it will be like flipping a coin. I believe bitcoin is a long term investment, and that is why I invest over course of long period with installments, and then I get out that way too, I do not get out if I can but if I do, I will do that in installments as well.

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January 24, 2021, 08:44:49 PM
 #90

Bitcoin has support at $ 30k, if it is below $ 30k, then be careful, because it is possible to donwtren again up to $ 24k, this does look very likely because dumps also occur, it's better to place a stop loss at $ 29900, because it will save you, getting into altcoins will also make it safe because altcoin is so cheap.
My stop loss is around the 25k mark because I feel like that is a fair estimate for me, and not to mention that at that mark, my profit margin from selling my bitcoin is still large. I have this back up so low is because I want to have a safety landing when the bear comes. You have to be careful with altcoins though, there are a lot that are just a way to funnel money to the creator so do your research before buying one.

$ 25k? isn't that too deep to use stop lose? I think you have to use it at $ 30k, and buy back at $ 25k and you will get more Bitcoin,
then hold on until the bounce occurs, I'm sure the bulls are not over, so don't be fooled by this game, hold on until Bitcoin hasn't touched the bearish cycle!
indeed in the current situation there are still many people hold Bitcoin because of confusion, but if you want to be safe, altcoins are a good investment this time, because bullish happen in the altcoin market.

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January 24, 2021, 10:08:05 PM
 #91

I would really love to save some Bitcoins.

Since the price of Bitcoin is quite unpredictable right now, I think it is best to wait for some time and look at the price chart. Maybe look at the identifiers so you would know what to do in certain situations. If you feel that the price is going low, you should be wary of the price changes and mark a price where you could reinvest.

Saving is good enough when we don't really have to spend btc on our daily living, its just unfortunate when there's a need to convert your digital asset to fiat so you need to sell. You had no choice because by the time you waited for the price to grow while holding, price won't move up when it's not in perfect time. Accumulating our remaining balances could be done through buy and sell during active market, but needed skills to do it.
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January 25, 2021, 12:20:31 PM
 #92

I would really love to save some Bitcoins.

Since the price of Bitcoin is quite unpredictable right now, I think it is best to wait for some time and look at the price chart. Maybe look at the identifiers so you would know what to do in certain situations. If you feel that the price is going low, you should be wary of the price changes and mark a price where you could reinvest.

Saving is good enough when we don't really have to spend btc on our daily living, its just unfortunate when there's a need to convert your digital asset to fiat so you need to sell. You had no choice because by the time you waited for the price to grow while holding, price won't move up when it's not in perfect time. Accumulating our remaining balances could be done through buy and sell during active market, but needed skills to do it.
Only sell your holdings when you need money because it is unnecessary to spend or sell your bitcoin when its price started to increase, but if you feel the price of bitcoin will go down, it's better to save your funds from going down. Holding your bitcoin and other cryptocurrencies and waiting for you to have a considerable amount of profit takes a long time; that is why you need to learn to analyze the market price and make a strategy when the price goes up and down.

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January 25, 2021, 12:28:41 PM
 #93

I did draw in a downward channel for BTC from the highs, we'll see if thats disproved or not as presumably we hit both sides up and down and break one of them eventually.   My general stance would be slightly negative for this moment though, some tell me it will spike again but I just go on what I can observe for this moment.   Of course I listen and check other opinions and price action is constantly changing.

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January 25, 2021, 02:50:46 PM
 #94

All the investors are always plan to buy BTC because of recent drop is initially affect the market so many beginners are confusing the current market. But all the fluctuations are always comes in the crypto market, those are looking for long term relationship BTC is a right choice to invest in the market. Day traders are actively monitor the market so they are buy and sell at any time, So I only suggest for mid term and long term investors.
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January 25, 2021, 03:05:43 PM
 #95

we are in 2018 again (after the 2017 ath).
 this is the most difficult trading window available: if you are here for the long run then don't be worried but if you can't keep up with some franticvolatility, refrain from buying and selling.

yes now it's time to sell, looks like the price will return to 15000 $. that's just my advice, before losing the price
What we have right now in Bitcoin price doesn't seem to be a replicate of 2018 because we have saw some institutional investors trooped into Bitcoin investment. This is enough to keep the industry not falling below $20k in my honest view, the recent fall was to enable the whales accumulate more coins to themselves.

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January 26, 2021, 06:22:58 AM
 #96

Bitcoin has support at $ 30k, if it is below $ 30k, then be careful, because it is possible to donwtren again up to $ 24k, this does look very likely because dumps also occur, it's better to place a stop loss at $ 29900, because it will save you, getting into altcoins will also make it safe because altcoin is so cheap.
My stop loss is around the 25k mark because I feel like that is a fair estimate for me, and not to mention that at that mark, my profit margin from selling my bitcoin is still large. I have this back up so low is because I want to have a safety landing when the bear comes. You have to be careful with altcoins though, there are a lot that are just a way to funnel money to the creator so do your research before buying one.
Try to put into stop loss with the support lines. If the price goes under 25k that means there is a chance it could free fall until 19k and that is a bit a bad situation for all the long term investors. However it depends on which side of 25k you put your stop loss to, if you put it to 25k and a bit higher, price could reach those levels and then go up, which would hurt you and you will lose money because you would be selling at the bottom and then price would be going up without you.

However if you end up selling at 24.5k for example, you will be capable of selling right after the huge support wall is broken and it will continue to go down and you will be capable of buying lower. That is why I suggest people to put their stop loss under 25k, not over 25k because 25k is a good support wall that may result with a correction above if it falls that much.

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January 28, 2021, 09:56:52 AM
 #97

I would really love to save some Bitcoins.

Since the price of Bitcoin is quite unpredictable right now, I think it is best to wait for some time and look at the price chart. Maybe look at the identifiers so you would know what to do in certain situations. If you feel that the price is going low, you should be wary of the price changes and mark a price where you could reinvest.

Saving is good enough when we don't really have to spend btc on our daily living, its just unfortunate when there's a need to convert your digital asset to fiat so you need to sell. You had no choice because by the time you waited for the price to grow while holding, price won't move up when it's not in perfect time. Accumulating our remaining balances could be done through buy and sell during active market, but needed skills to do it.

We don't have a choice though.

To get that profit, we convert them into fiat. But you don't need to take it as a profit but another capital to reinvest in the next good wave. If you don't need to use your funds for other purposes, you could just hold them so you could increase your potential profit in the future. It is risky to invest but if we will not be taking a risk, we won't make a profit.
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January 28, 2021, 11:15:19 AM
 #98

we are in 2018 again (after the 2017 ath).
 this is the most difficult trading window available: if you are here for the long run then don't be worried but if you can't keep up with some franticvolatility, refrain from buying and selling.

yes now it's time to sell, looks like the price will return to 15000 $. that's just my advice, before losing the price


I don't think the rally is done. Perhaps whales are manipulating the price making confusion across the market so that they can accumulate more. It's too soon for a bear market to enter that is why I believed that it will bounce back getting back at $40 again. If you take a look we've been hovering around $30k-$31k for a couple of days and if the bear markets really coming to the price should now be dropping but it's not because the resistance was strong, everyone is confused. But it is still your call after all, if you think the market will bounce back then hold or buy more but if you think it's over then try to liquidate on Alts because it's looking good on alts right now.



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January 28, 2021, 11:59:11 PM
Last edit: June 12, 2023, 01:49:59 AM by STT
 #99

The best thing to deciding to buy or sell is go by levels you outline, so like watching a tideline on a beach or putting a stick in the sand you can mark progress and allow the market itself to decide where its direction is most likely heading on a regular basis not just the irregular daily waves back and forth in price.



So my outline for negative target on BTC is like 28k or so and we're nowhere near to that scenario.   Bitcoin is positive in its action and failed to make a new low which I thought would lead us higher like this.   ANytime we're regularly above a 12hr average I think its moving positively and also it moved above the 2 day average this evening also.      32500 is where I'm looking for a daily downtrend, this chart here is just 15m bars but closing above 32500 on 4hr bar and daily bar like its just finished helps to cement the move and make further gains more probable.

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January 29, 2021, 01:07:31 AM
 #100

what should we do if we have some bitcoin at this time, regarding the increase in bitcoin prices that we see today, of course the value is very high compared to the increase in the past years, so do we have to sell some bitcoins at the current price, or even we add value to the amount of BTC that we have today by buying it at the current price for us to store for quite a long time ,?
What are the suggestions & opinions of all of your friends who are here?
It all depends on when you originally owned or bought bitcoin, and if you bought it when bitcoin prices were really low before going through some ATH that happened in the last two months, I think it's okay if you want to sell it.
because over the last two months bitcoin went through some ATH 20K, 30K and the last point was 42K which in my opinion you have made a good profit what else if you sell at the highest price and buy back when bitcoin price drops at 30K then hold and stay so you can do the same thing because bitcoin price is slowly starting to rise again.

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goldade
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January 29, 2021, 12:08:37 PM
 #101

what should we do if we have some bitcoin at this time, regarding the increase in bitcoin prices that we see today, of course the value is very high compared to the increase in the past years, so do we have to sell some bitcoins at the current price, or even we add value to the amount of BTC that we have today by buying it at the current price for us to store for quite a long time ,?
What are the suggestions & opinions of all of your friends who are here?

There is actually no perfect time to sell your coins. This is bitcoin we are talking about and we understand that it has every tendency to increase in price due to its high volatility. This, in other words, mean we can always continue holding the coins that we have now in the hope that it will will appreciate in price.
The question of when to sell, I believe, is a very personal question as it concerns every individual. Personally, I sell my coins, not all of course, when the need for cash arise. Once I need cash to foot some bills and there isn't any other means, I sell some of my coins to raise money.

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February 03, 2021, 02:08:01 PM
 #102

Bitcoin has support at $ 30k, if it is below $ 30k, then be careful, because it is possible to donwtren again up to $ 24k,
this does look very likely because dumps also occur, it's better to place a stop loss at $ 29900, because it will save you,
getting into altcoins will also make it safe because altcoin is so cheap.
it seems like what there is saying is not proven, because bitcoin it has twice dropped to $ 29K , but the timing is very fast because it was not long before bitcoin bounced back.
it looks like bitcoin has started to be safe and stable in the range of $ 30K- $ 40K and is only moving between that price for now. although still the movement is very fast both up and down and does not change.

I actually agree with you to be able to focus on altcoins which are now starting to move up as well and this will certainly greatly affect the bounty that many people are waiting for because altcoins play an important role in the bounty. at a price that may be more affordable when compared to buying bitcoin which is already very high. although both are very potentially profitable, they must be adjusted to the funds we have.

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February 07, 2021, 09:48:10 AM
 #103

what should we do if we have some bitcoin at this time, regarding the increase in bitcoin prices that we see today, of course the value is very high compared to the increase in the past years, so do we have to sell some bitcoins at the current price, or even we add value to the amount of BTC that we have today by buying it at the current price for us to store for quite a long time ,?
What are the suggestions & opinions of all of your friends who are here?

We must measure from our needs first, we cannot immediately conclude that we want to sell or buy, obviously now we already know that the price is already high and what we will do with this high price, because there can be two alternatives, namely the price will go down in the future or keep going up.

If indeed we have other urgent needs, there is nothing wrong with selling some of them in order to cover these needs, but if we have other funds it is better to hold back because many people conclude that there will be an increase from now. if you have more funds it is okay to add to it, but my advice is better buy for potential altcoins because altcoins are currently on the rise too.
so there are other alternatives you can do from the existing funds.

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February 07, 2021, 04:45:14 PM
 #104

Stop compare the price of Bitcoin last year because we never touch the price anymore, so you must focus on the current price. So the question what should you do?? Simple, buy it now. and HOLD it until your target reached.

But what happens if after you buy the price dumped, also simple HOLD, be the real investor

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February 07, 2021, 06:57:15 PM
 #105

Stop compare the price of Bitcoin last year because we never touch the price anymore, so you must focus on the current price. So the question what should you do?? Simple, buy it now. and HOLD it until your target reached.

But what happens if after you buy the price dumped, also simple HOLD, be the real investor
What are you saying to stop comparing the price of bitcoin today on the price of bitcoin last year? it is obvious that the people will always compare those prices because the price of the two were both far away. Are you sure that you will really buy bitcoin right now in the price of bitcoin was around $38,000? I think as a real investor people will not buy on that current price because the price was too high and just wait for the price to dumps and that would be the right time to buy.



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February 07, 2021, 07:49:33 PM
 #106

We must measure from our needs first, we cannot immediately conclude that we want to sell or buy, obviously now we already know that the price is already high and what we will do with this high price, because there can be two alternatives, namely the price will go down in the future or keep going up.

If indeed we have other urgent needs, there is nothing wrong with selling some of them in order to cover these needs, but if we have other funds it is better to hold back because many people conclude that there will be an increase from now. if you have more funds it is okay to add to it, but my advice is better buy for potential altcoins because altcoins are currently on the rise too.
so there are other alternatives you can do from the existing funds.
The other smart choice is to say you have enough and getting out. I personally do not have anywhere NEAR that amount, but if I ever had like a million dollars for example, I would sell that, take the cash, put it in my bank account, and will live with that forever. When you have 1 million dollars and put it in a bank, they will give you a bit of interest rate as well, and if I spend about 750 bucks per month, for 50 years, that is still half a million bitcoin (not even that, 450k), so if I spend 1500 dollars (which I don't) for 50 years, that is still 900k.

Believe me that is waaaaay more than enough for me, I am not going to spend 1500 dollars a month, 750 is around enough, sometimes not enough because of unexpected things, sometimes barely enough, but that is on average what I spend monthly, if I have enough money to spend 1500 dollars per month for 50 years, that is enough to retire. So if you want to fully get out, and just retire and have fun for the rest of your life, that would be a smart decision too.

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