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Author Topic: to sell or buy BTC?  (Read 1086 times)
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.

yohananaomi
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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

pinggoki
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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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redsun114
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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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