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Author Topic: to sell or buy BTC?  (Read 1005 times)
Wulan_maniez
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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

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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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