Trust your gut

[wxa7115]

My whole family told me to sell bitcoin when it dipped from 41k to 30k (i bought at 10k). I just laughed and HODL’d. If you believe in something don’t allow yourself to get influenced by family or people online.

100k EOY🚀

I do not know, to me it seems you are doing the opposite of the tittle of your thread, people that trust their gut would have panicked and sold their coins, which is precisely what your family told you to do, but you are smart and know the potential of bitcoin and as such you are not going to be so easily convinced so I congratulate you.

However it is important to separate our feelings from our financial decisions, I love my family but if they told me to sell my bitcoin just because they are in panic because of a decrease in the price I will not listen to them, not only because it is my money and I can do whatever I want with it but also because I know way more about bitcoin than what they will ever know which means that their opinions are completely invalid, and even if the price followed their prediction it will not be because they are better investors than I am they will just be lucky to guess the direction of the market.

[gabbie2010]

Based on historical price  behavior or price action of Bitcoin a hodler is assured of constant price increase in a long term, price hits  an ATH of $20K in 2017 thereafter a major correction or pullback the price to $4K during the first wave of Covid-19 Bitcoin defying all odds pumped to another ATH of $40K within a year is clear and valid indication that the price could possibly pumped to $100K in the nearest future, afer-all OP has no any reason to sell it's better to hodl on.

[Obito]

Depending on what you believe, if you want to save for the long term and believe the price will go higher, then do it.

I also like to include that OP should not give an F to what his/her family says to him/her, they have their own money, why let them decide on what to do with your bitcoin, it's not like they did something to help you get that money.

[Amejoaquim]

Lol, thats so f**k*ng true.

Just follow your intuition and trust yourself especially if you really believe that can happen so just move on and don't listen others.

Many of us has same mine like you, and we believe that price can reach 100k.

[mariayaz]

My whole family told me to sell bitcoin when it dipped from 41k to 30k (i bought at 10k). I just laughed and HODL’d. If you believe in something don’t allow yourself to get influenced by family or people online.

100k EOY🚀

True that. I learnt this lesson when i sold my alt coins when a friend said, i was holding them since 2017 and sold last year, i wish i could have held more and not sell. I will be listening to my guts feeling than anyone asking me to when i should sell my coins.

[MCobian]

Therefore I am lazy to tell other people that I invest in Bitcoin. Even parents, my friends and neighbors do not know I invested in Bitcoin. Because
I don't want them to influence the decisions I make about Bitcoin investment. We really have to believe in our own ability to analyze the market,
sometimes other people's opinions will only make us  make wrong decisions.

What you do is very right not to listen to your family to sell your Bitcoin, when it comes down to a price of $ 30k. Because now slowly the price of
Bitcoin is starting to rise again and in the near future it is likely to go up again to the price of $ 40k.

[gregy45]

Well... There are several ways to predict changes in the price of cryptocurrencies and other financial instruments. You need to know how to determine the trend reversal, why the emotions of investors play an important role in the digital money market, and what you need to monitor in order to learn how to predict the movements of bitcoin and altcoin quotes.
First, you never need to go against the trend. When a trend reverses, it slows down slowly, and this is most often the correct pivot point. And you need to carefully monitor the number of wallets, the number of transactions, and the cost of mining — this data helps to understand the ratio of supply and demand (applicability) of bitcoin.

It is also important to monitor the support or resistance levels, but it is more correct to call them "zones" because these are not levels like lines, but zones around some prices that the asset has tried to overcome several times.

But anyway, I think, it's important to trust the experience. I think, some persons just have some special guts about trending and pricing. If you need any tips, I would like to recommend contacting this person (Roust-Semy). He can give some valuable advice.

[ice098]

Yes it is your own money so whatever you want to do with your money whether you want to hodl it for the next 10years it's okay or just sell it now and buy other coins well that's fine too. But you need to learn when is the right time of course not only your guts will be the signal for you to sell it. Well their suggestion will matter if they own a little part of your investment or you own them something just for you to buy that bitcoin.

[Twentyonepaylots]

Good decision, considering how influential family members can be especially in terms of financial matters. For those of us who are in the same situation as OP, take into account these two things
1. They didn't chip in to fund your investment
2. If you lose, you lose alone. If you win, you win with the world.

That should inspire some of us stuck in the same situation as OP and is more oppressed than he is.

Therefore I am lazy to tell other people that I invest in Bitcoin. Even parents, my friends and neighbors do not know I invested in Bitcoin. Because
I don't want them to influence the decisions I make about Bitcoin investment. We really have to believe in our own ability to analyze the market,
sometimes other people's opinions will only make us  make wrong decisions.

What you do is very right not to listen to your family to sell your Bitcoin, when it comes down to a price of $ 30k. Because now slowly the price of
Bitcoin is starting to rise again and in the near future it is likely to go up again to the price of $ 40k.

This is also a good way to make sure nobody's dictating or influencimg your investment decisions. Just don't tell them you HODL bitcoin in the first place lmao.

[FlightyPouch]

Congratulations on that buy and congratulations on that profit you are sitting on right now. There might be a lot of new investors nowadays but only a few invested in that dip, most of them even panicked when they saw the price like that. Investors should really learn a thing from you because this is how we should be.

[Jating]

Congratulations on that buy and congratulations on that profit you are sitting on right now. There might be a lot of new investors nowadays but only a few invested in that dip, most of them even panicked when they saw the price like that. Investors should really learn a thing from you because this is how we should be.

Newbie investors will really have to learn their lessons here in a very expensive way, specially then they panic and push the sell button and then the price goes on the next day or two. I think most of has experienced this sort of thingy, but it makes us stronger and knows what to do next.

As for others telling us what to do, nah, not good, so it's better to make our decision. Besides, is our money anyways so regardless of what they are going to say, don't allow yourself to be influence by others, just saying.

[Kelvinid]

My whole family told me to sell bitcoin when it dipped from 41k to 30k (i bought at 10k). I just laughed and HODL’d. If you believe in something don’t allow yourself to get influenced by family or people online.

100k EOY🚀

Sometimes our family members could be badly influencing and sometimes be good. But we are talking into a thing that we mostly know what we are doing where we could think that our decision is more important than with them. However, we have to listen to them as well for we know that they are a part of our life.

Buying at $10k then sell at $41k is a big profit already, But that only if you listen to them. That is passing by, you don't need the money yet and that seems you are to keep holding for the next ATH.

[Fesatmas]

I agree with you, don't be easily influenced by other people, family or friends. Believing in instincts is very important, especially in the crypto world, instinct is the main thing, but it cannot be excluded from monitoring market developments.

is true, but all of that will be things that hinder trust if it clash with your needs. what are we going to take? clearly following the wishes of parents and closest friends. indeed instinct and trust are tested when holding crypto is displayed like this. not a few of them sell early because of urgent needs.

[Lorokan]

It is ofcourse very good to hodl, but i crypto currency trading and investment is much more wider than just trusting your guts; you must be informed with the right datas, information because bitcoin trading does not care about your emotions at all.

[Webetcoins]

My whole family told me to sell bitcoin when it dipped from 41k to 30k (i bought at 10k). I just laughed and HODL’d. If you believe in something don’t allow yourself to get influenced by family or people online.

100k EOY🚀

I don’t tell people that I invest Bitcoin, only my brother knows that I am investing in Bitcoin, and he knows that because we are both very close and he haven’t told anyone about it, he’s just keeping it to himself, same as me.

But, I have also seen stories that are a reverse of what you have experienced, I’ve seen someone who complained that he was warned to sell his bitcoins and he never did and now he stands to regret the decisions he made. So it’s always good to play it safe, if you feel you should sell, you can take it a little and not sell all of them. You still made a good decision though, and by the way holding at $30,000 isn’t bad since you bought at $10,000.

As for the $100,000 price, let’s wait and see that, I would love to see it happen soon.

[Kocret02]

My whole family told me to sell bitcoin when it dipped from 41k to 30k (i bought at 10k). I just laughed and HODL’d. If you believe in something don’t allow yourself to get influenced by family or people online.

100k EOY🚀

You buy $ 10k and when the price is $ 30k your family panics sell?
I like your calm attitude and not affected by any situation. Keep holding bitcoins until you get back to $ 40k. That is likely to make your family happy when you can sell for $ 40k or higher.

[crwth]

You made the right choice for now. What do you think is the next step for BTC? Do you think it will reach that high with the current situation? I think you should cash out some and treat your family with your profits and let them know that they should do the same.

I think that's the basic thing you should do when it comes to family. Just hear them out but not let them decide what you do or not do with your money.

[Natsuu]

My whole family told me to sell bitcoin when it dipped from 41k to 30k (i bought at 10k). I just laughed and HODL’d. If you believe in something don’t allow yourself to get influenced by family or people online.

100k EOY🚀

This same goes for the colleagues and friends. Don't let them cloud your decision as you already have plans, and sticking out to your own plan is the best way to trade, as following others will only make you lost and undefine.