Should I sell or hold on my bitcoin?

[plemechton]

A lot of these crypto traders on this forum may encourage you to trade out of $ETH or $BTC

If i were you, you should be to hold and acquire as much $ETH and $BTC as possible and only spend it to make more. If you have doubts, just hold
However, if u want more profit trade it. Kucoin BTC-USDT trading pair has the best liquidity not as big as binance but its more cheaper to trade there.   

[Sinjokubhi]

if you see a good opportunity right now why should you sell bitcoin? I think hold is easier and better for now than you dump your assets at low prices. potential bitcoins could be as high as $ 50k. Do you want to miss the best of that? think about it

Indeed bitcoin still has the opportunity to experience the condition of NEW ATH again, but it seems that the decision to sell is dependent on the needs of each, I think it does not harm to sell some of our bitcoin assets when it is needed the most important conditions produced are still in a state of profit. Because it looks like bitcoin movements will still undergo correction conditions before returning to NEW ATH with a target of $50k.

[doctor877]

Selling at loses is not advisable except you have an urgent need that is life threatening and no other source of fund, or you see an opportunity to buy into a token that can make up for the lost fund. But if you want to still hold Bitcoin, patience is needed to recover your loses.

[FanEagle]

if you see a good opportunity right now why should you sell bitcoin? I think hold is easier and better for now than you dump your assets at low prices. potential bitcoins could be as high as $ 50k. Do you want to miss the best of that? think about it

Indeed bitcoin still has the opportunity to experience the condition of NEW ATH again, but it seems that the decision to sell is dependent on the needs of each, I think it does not harm to sell some of our bitcoin assets when it is needed the most important conditions produced are still in a state of profit. Because it looks like bitcoin movements will still undergo correction conditions before returning to NEW ATH with a target of $50k.

Some people may not think the way you think and some people may have even made a profit from trading. Think about it this way, bitcoin was at around 40k right? If you had 1 bitcoin at 40 thousand dollars and sold it, you would now own 40 thousand dollars instead right?

Well, when the price went to 30k, you could now rebuy bitcoin, and you could get 1.3 bitcoins, you used to have 1 bitcoin, now thanks to this move you own 1.3 bitcoin, increased your profit by 30%+. Now that the price reached back to 40k again, your 1.3 bitcoin worths 52k dollars. That means with one move you have now made 12k dollar profit, keep doing that and you will get rich from the spread movements.

I am not saying everyone should do that, it would be difficult for everyone to do it at the same time, but I am just saying that if people were scared and sold that is another thing, but if they believed it would go down and they could buy cheaper that is understandable.

[JollyGood]

So you are a newbie who started this thread on 24th January 2021 and never returned to post here again?

In the mean time you have started other threads and and made a total of 5 subsequent posts as recent as yesterday but never back to this thread: https://bitcointalk.org/index.php?action=profile;u=2868803;sa=showPosts

I was about to post giving my views to the question asked but something did not add up but after looking at your posting history I decided if you were that serious about wanting replies you would have respected the forum members that posted here and interacted with them just as they gave you respect and posted their replies to what you asked.

Hi Everyone, I have a dilemma since I am holding an wholesome portion of bitcoin. With all the speculation going on in the market I don't know whether to sell or hold on my bitcoin. I've been wanting for more than a week to see if bitcoin's price improves, but it is only falling more and more.

I've gone through dozens of analysts' blogs, websites, market cap sites, price prediction sites, and all the important bitcoin market sites to find the right answer. But I am still unsure.

So, can anyone please tell me if I should dump my bitcoins with some losses (selling at lesser price than the buying price), or should I hold on to it?

There is also another reason. A promising stock just opened up. So should I sell my bitcoins and but the new stock that I'm interested in?

Viketo Sumi (Armani123)

[fullhdpixel]

I have a dilemma since I am holding an wholesome portion of bitcoin. With all the speculation going on in the market I don't know whether to sell or hold on my bitcoin. I've been wanting for more than a week to see if bitcoin's price improves, but it is only falling more and more.

I've gone through dozens of analysts' blogs, websites, market cap sites, price prediction sites, and all the important bitcoin market sites to find the right answer. But I am still unsure.

So, can anyone please tell me if I should dump my bitcoins with some losses (selling at lesser price than the buying price), or should I hold on to it?

At this time I do know for sure that the price is still going up as it is approaching $40,000 and then may start approaching $50,000 as well and I can’t tell where it will stop. I know that this time is a time to be at alert because it has reached a price that most of us never expected it to reach and it can take a turn at any time. But you can still profit partially with hope that it will reach $50,000 and maybe cross it a bit.

My humble advice would be, this year end must be a perfect time to book profits and we cannot be sure because unlike previous bull run this time bulls may dominate for more than 12 months also because when institutional funds are into play and dominating, we cannot say how long bull run will last.

[blockman]

Selling at loses is not advisable except you have an urgent need that is life threatening and no other source of fund, or you see an opportunity to buy into a token that can make up for the lost fund. But if you want to still hold Bitcoin, patience is needed to recover your loses.

I doubt that OP is at loss. But it's a common mistake that many holders do. When they are uncertain with the decision that they are about to commit, they sell at losses without realizing that there's no need to rush if they are holders of bitcoin. Well, a few ago I think it's okay to make mistakes such as selling bitcoin at a loss because you're still in the experimental phase and you're in the learning process but on these days. I wouldn't sell any at loss even for satoshis.

[Reatim]

don't panic and don't worry bitcoin is only undergoing a brief correction. My advice is hold bitcoins and don't sell at low prices, because if you sell at low prices you will only get losses and disappointments

He had sold that time and Buy again after because that's only correction and this is what traders wait to come.
I am In good faith since December but when the price fell down last month to 28,000 I bought more again to add in my holding.
Bitcoin for couple of times tried to break 41,000 again yet failure but i know in the next weeks or Month 50,000$ is the ATH for our Good profit because this is my selling price and will wait for correction again to rebuy .

[noormcs5]

if you see a good opportunity right now why should you sell bitcoin? I think hold is easier and better for now than you dump your assets at low prices. potential bitcoins could be as high as $ 50k. Do you want to miss the best of that? think about it

Many people will sell at much lower prices like 30k or 40K thinking that bitcoin cannot reach more than this price. Other people know that bitcoin can easily reach 100,000K, but as soon as bitcoin dump little, they get panic and sell their bitcoin. These people will miss the real profits when bitcoin will reach the market cycle top which could be between 150,000$ - 200,000$. So in my opinion, we should not sell now at cheap prices.

[fahmimajannat]

Wait for the candles to cross the support level. If it breaks the support line than you can sell. Because it means the chances of price falling is very high at this moment.
If it doesn’t come down than wait until it touch the resistance level.
If it can break the resistance level than its better to hold because price will increase gradually.

[tygeade]

Many people will sell at much lower prices like 30k or 40K thinking that bitcoin cannot reach more than this price. Other people know that bitcoin can easily reach 100,000K, but as soon as bitcoin dump little, they get panic and sell their bitcoin. These people will miss the real profits when bitcoin will reach the market cycle top which could be between 150,000$ - 200,000$. So in my opinion, we should not sell now at cheap prices.

There are people who sell right now who do not think that bitcoin can't reach 100k, they think it can reach 100k and it will reach 100k, there are just some people who sell because they think before it reaches 100k it could go down to 30k and then they can buy more and they will keep it until it reaches 100k price.

That is at least the line of thinking a trader has, I have a friend who does daily trading and he buys and sells almost at any price, doesn't mean that he doesn't think bitcoin won't reach 100k, he just believes that instead of buying and waiting for it to go up, he might as well buy/sell everyday constantly and make even more money than someone who just buys and sells. Sometimes they make more money that way and sometimes they make less money that way, it doesn't really matter because they are not selling it with the hopes that price would go down.

[Travel Standard]

Take profits just as it starts to fall after in peaks. Take your profits out. Then you could buy back in low again, but it’s risky to know when Elon or others like Tesla might lose faith in bitcoin and it may tank.
When reach 50k convert it to Altcoin

[adzino]

Depends on you. Do YOU want to sell? Have you reached your profit goal? Do you need the money now? Are you "afriad" that you might lose everything in the future? If yes, then sell. If no, then why even think about selling? Keep holding and you might make a fortune in the future!
I see no reason for anyone to sell now. As it becomes more mainstream, chances are the price will skyrocket even more in the future!

-snip-
There is also another reason. A promising stock just opened up. So should I sell my bitcoins and but the new stock that I'm interested in?

Then sell. But I doubt that "prosmising stock" is going to be more profitable than holding bitcoin.

[Rana590]

Take profits just as it starts to fall after in peaks. Take your profits out. Then you could buy back in low again, but it’s risky to know when Elon or others like Tesla might lose faith in bitcoin and it may tank.
When reach 50k convert it to Altcoin

Yeah, we want to take our profit and aftee that we want to reinvest our capital. But we should favor our luck. Sometimes it can't be possible to buy with low price. Then we miss the train to buy bitcoin at a low price.

[ScamViruS]

if you see a good opportunity right now why should you sell bitcoin? I think hold is easier and better for now than you dump your assets at low prices. potential bitcoins could be as high as $ 50k. Do you want to miss the best of that? think about it

Sometimes it is the opposite of what we think. Because the market moves at its own pace. Any trader who opens his position decides when he will sell his position. And the state of the market now, I think it is better to hold more without selling now. However, if he thinks that he has already made enough profit then he can sell his bitcoin and secure the profit.

[carlfebz2]

Selling off would really be depending on what are your goals or targets because if you do go for long term then theres no point for you to sell on these prices

but hey basing off on the price then its not really a bad idea to do so since you can always buyback if you wanted to if the price had made out some consolidation state or in correction.

with that you can make out profits without needing for you to wait up for years before releasing your bags.If you do see this as a good situation or advantageous for you then
its not bad to alter out some long term hold decisions.

[South Park]

if you see a good opportunity right now why should you sell bitcoin? I think hold is easier and better for now than you dump your assets at low prices. potential bitcoins could be as high as $ 50k. Do you want to miss the best of that? think about it

The problem is with the mentality of the traders themselves, they begin to trade or to invest and they never even consider the possibility of making a bad move and losing money, which is surprising because that is very common so when they find themselves in that situation they do not know what to do and begin to have all kind of doubts about their own performance, this shows that they were not prepared to face any kind of adversity in this market and as such they should not trade at all.

[Atek33]

The price of bitcoin is steadily rising at the moment. I think for those who have bought bitcoin, it is necessary to hold bitcoins because if you hold bitcoins, I can expect bitcoin to go above 50,000 $.  Then it may be more profitable for you so I think it would be very good for us to hold bitcoin

[Sinjokubhi]

Bitcoin price is any time to up and down. So wait for the bitcoin price then sell the bitcoin. If the price will be low that time buys and hold the bitcoin. Then wait for the price increase that time you sell or exchange any coins. So check the market price evevrydays. Then you get some ideas. Don't sell the bitoin wait and hold the long time.

If the price of Bitcoin in the market continues to increase. Do I have to sell it at that time or even wait until the limit of the price increase? because if we look at Bitcoin is now experiencing an increase in price. But there is one thing that worries me. I was holding back from selling it, then the price of Bitcoin suddenly fell from the price that is currently rising.

[MIner1448]

So, can anyone please tell me if I should dump my bitcoins with some losses (selling at lesser price than the buying price), or should I hold on to it?

There is also another reason. A promising stock just opened up. So should I sell my bitcoins and but the new stock that I'm interested in?

Viketo Sumi (Armani123)

After the investment in bitcoin by Elon Musk of $ 1.5 billion, bitcoin rose in price to $ 46,000, this is the only indicator that the increase is not artificial, you can at least consolidate your income on this hype and wait for its further growth.