Do Not Sell! Don't Let The Whales Get Your Precious BTC!

[Dewi Aries]

Diamond hands in here, i think something like this shouldn't made us panic. But if that people buy in really high, i think minimize loss strategy still can really help to do to made at least our ROI price is not at what price we bought at first. Well, mostly control emotion really needed in situation like this.

[Smartvirus]

There would always be those that would sell, the market needs constant liquidity for it to be stable though, this is not a case for bitcoin as there are those that would always take either side of the market. What really matters much is, what's your purpose of selling when you sell. Is it due to the FUD that keeps coming around at random or you have some pressing needs that unavoidably needs funds, the kind of funds that you can only source from your bitcoin or crypto investment. With that being that, it might interest you to note that, selling due to the FUD is one way to be on the losing side because, there would always be FUDs around. Its a strategy for the whales, promoted by government and related agencies at times. Hence, you playing along makes you there puppet. Don't sell, hodl your precious sats and get ROI on due time.

[jahepahit]

fud is playing out now and its purpose is to make people sell off even at loss. its not the first time this will happen. selling at loss is not advisable all you need is just to have patience. holders will win with patience.

[dunfida]

fud is playing out now and its purpose is to make people sell off even at loss. its not the first time this will happen. selling at loss is not advisable all you need is just to have patience. holders will win with patience.

Weak hands got easily fool onto this fud which I believe being spread by some whales who has the right power to control the market. It's just enough to flush out those who can't hodl and I think that's the time whales do get their profit by eating those small fish bitcoin.

If you ain't gonna need the money you don't sell your bitcoin just because you see a bad news again. You do know that it's always the same since the price of bitcoin is in three digit, right? This is how whales did to eat the small fish a very weak hands investors.

[pixie85]

Its not an opinion. He is basically begging you not to sell. In other words he would like you to lose even more money. When you have friends like that, who needs enemies.

LOL are you for real?

If you bought high and watched it go down to 50, 40 and now 30 thousand, the worst thing you can do is sell now. I know it's hard to comprehend if you're full of negativity but it's the truth.
When you trade you have to make decisions fast and don't let emotions guide you. Selling when something lost 50% of its value is always a bad idea and even worse when its fundamentals are intact and the loss of value comes from someone's tweets and media spam.

[kawetsriyanto]

do not sell if you are in a panic condition and if you are lost by selling.
But, if you have reached your target profit, why not?
Some people may have BTC as a long-term investment, that is why they will not sell their BTC during their target or plan.
However, some people may be selling them if they are day trade, doing cut loss to get another chance of profits from another trading.

So, basically, selling or not the Bitcoin will depend on what kind of you are in BTC.
And of course, back to the first sentence in this post.

[perfect999]

Now it's raining but good times are ahead. If you look at the whole picture BTC is doing great and I'm sure we will see BTC at $100k and beyond. But for now you need diamond hands, HODL! The weak hands will be lost along the road. Being rich is not for everybody Remember, 1 BTC is still 1 BTC!

Yes, it’s best to hold. If you invested in Bitcoin when it reached ATH and you’re currently at loss now, the best thing is to continue with your hold. I don’t know how long it is going to take, maybe one year, two or even four years during the next halving, but one thing I do know for sure is that the price of Bitcoin is going to get back up again and just like the op has said, there is a good chance that we would reach up to hundred thousand dollars then.

And come to think of it, if you’re someone that bought at highest price this year and then market crashed. If you sell it now, what exactly do you gain? So there is no need of selling it, it’s best to just continue with the HODL and leave the assets there until the market is fully recovered and you are able to recover all your losses.

[Lorence.xD]

Probably if you are sure that the prices are going to go much lower than that, I think selling and then buying back when the prices go much lower is going to be a good thing, hodling alone won't help you unless you have other ways to make money.

[Xinarae*]

I'm doing this for a completely different reason. To continue to make a profit even in this difficult time.

This is a very difficult time for the market as no one is able to predict its future in the right way. The prices of currencies go up but go down again I think you have to hold on to positive thoughts and beliefs if you sell it you are often at risk.

[AicecreaME]

I agree with you. The crash is just normal especially in bitcoin given its volatility rate. I wouldn't be surprise if today, bitcoin's price is down the hill and then tomorrow it will rise up again. It's just the usual phase. Normal trend of bitcoin during the day. We shouldn't be worried so much. Bitcoin has already proven its potential over the years until today. We have so little to worry about because bitcoin has a promising history.

You just need to learn and do proper data analysis in order to have a successful trade as well as to decide on what coin to invest in. I really do hope that its value will continue to go higher on the next few years.

[Kez1817]

I'm doing this for a completely different reason. To continue to make a profit even in this difficult time.

Strong hands will not give up easily because of sudden market decline. Instead, they will hold tight and add more coins to gain more profit in the future. Wise men always think positively no matter what the market condition is.

[Silberman]

I’m selling nothing yet, I’ve been hodling for over 6 years. No way am I panic selling this dump, I’ve been through this scenario so many times. China FUD is getting boring, we will see $100,000 per coin this year, it is coming.

When you have been holding your coins for so long it becomes easier to do it not only because now you have been doing exactly that for a long time, this is also easier because your entry point is so far away from the current price that even this drop is nothing for you, but for the new investors that just came to this market this is a difficult time to hold their coins especially if they bought when the price was above 50k, however if they can overcome the impulse to sell and hold their coins for 6 years then they will be in the same situation as you are right now in which even a significant correction will not bother them.

[Kong Hey Pakboy]

Anybody with normal functioning brain and who knows some about markets would be already cash out maybe even before 30k$ or at least above 50k$

That is if you have a goal of short-term which is going to be different from those that have a long-term goal like @virtualdn who has been hodling for a long time. I did get my share of profit when I sold above 50k so I don't mind hodling for a really long time on this one.

[Golftech]

Anybody with normal functioning brain and who knows some about markets would be already cash out maybe even before 30k$ or at least above 50k$

That is if you have a goal of short-term which is going to be different from those that have a long-term goal like @virtualdn who has been hodling for a long time. I did get my share of profit when I sold above 50k so I don't mind hodling for a really long time on this one.

Good timing for you if you managed to sell your asset during that period, the market still volatile

and without certain goals, your chance to bring something out from the market  is really slim, you

need to point your target and make sure to have a good overview of the incoming market, from that

point your chance to sell with good value is very high.

[Ararbermas]

Now it's raining but good times are ahead. If you look at the whole picture BTC is doing great and I'm sure we will see BTC at $100k and beyond. But for now you need diamond hands, HODL! The weak hands will be lost along the road. Being rich is not for everybody Remember, 1 BTC is still 1 BTC!

correct.. There's always a good days with bitcoin,  so we should understand the situation because it's just a temporary indeed. And weak hand is always a loser so remember that if you want to succeed.. Even in our daily lives we experience a bad day so how much more with bitcoin wherein had a million supporters with different attitudes especially when there's news poping up?.  So we need to understand the situation..

[Kong Hey Pakboy]

That is if you have a goal of short-term which is going to be different from those that have a long-term goal like @virtualdn who has been hodling for a long time. I did get my share of profit when I sold above 50k so I don't mind hodling for a really long time on this one.

Good timing for you if you managed to sell your asset during that period, the market still volatile

and without certain goals, your chance to bring something out from the market  is really slim, you

need to point your target and make sure to have a good overview of the incoming market, from that

point your chance to sell with good value is very high.

I have been hodling those bitcoins for about 6 months back in March so I might as well earn some money out of it because it's not like bitcoin is going to go up forever knowing that it's as volatile as it was back then. You are right that you should make a goal before selling because without one, you will get lost along the way.

[molsewid]

When you have been holding your coins for so long it becomes easier to do it not only because now you have been doing exactly that for a long time, this is also easier because your entry point is so far away from the current price that even this drop is nothing for you, but for the new investors that just came to this market this is a difficult time to hold their coins especially if they bought when the price was above 50k, however if they can overcome the impulse to sell and hold their coins for 6 years then they will be in the same situation as you are right now in which even a significant correction will not bother them.

Holding your btc token today I guess is not far different from holding a token wayback when bitcoin is on its lowest value but i guess whats different now is there are more whales get to be interested in bitcoin and the fud slingers are doing their best to make btc hodlers sold their bitcoin token. If you have any other source and option than selling hour btc now i bet you must spare your idea of selling your btc now, btc were already gone so far, it has been able reached a $64k and I bet that theres more good price awaits for bitcoin.

[dezoel]

Now it's raining but good times are ahead. If you look at the whole picture BTC is doing great and I'm sure we will see BTC at $100k and beyond. But for now you need diamond hands, HODL! The weak hands will be lost along the road. Being rich is not for everybody Remember, 1 BTC is still 1 BTC!

The greatest benefit of this is that there is two walls getting built at the same time at lower levels and that is what really matters. One is stop loss, which is when the price drops to a certain level people end up selling their coins at that price, warns their exchanges in a way, like "if it reaches 32k, sell all my coins to usdt" for example, that kind of works if there is a crash, but if there is something like what happened recently, it hurts them because they sell and price goes up.

Second one is people who buy at lower levels, saying "buy bitcoin at 32k with all my money" and they end up buying as much as they can afford to which allows bitcoin to go up. So long story short the longer we stay here, the higher those both numbers go up, and when the buyers end up becoming more than sellers? Well that allows a huge wall that will stay there for a lot longer than what we had before.

[Distinctin]

We can't stop people to sell their Bitcoin because they also have the reasons.
-need of money
-worried
-shift to altcoins

These are the common reason but I let people do that because whales will take good care of their Bitcoin. This is really how the market looks like and we can't hide that manipulation still strong and many people are riding into this.

because though I have 1 BTC in my wallet, I don't hesitate to sell it if really needed. 1BTC=$1mil, I would let it go.

[STT]

Part of the price is the readily available BTC so people play a large part in the price they see determined in the balance between buyers and sellers.    Of course the crowd rushes up and sells just as rapidly on the way down, once that party has concluded its dance its more a game of patience and that's where we are now.
   I do think its a fairly easy conclusion that BTC is in a range, we can easily trade down from here with 50 day momentum declining still it could be the default option almost but that force of selling is more short term then the appreciation of BTC year to year and I remain bullish on the wider time frame.   A trader has a quite different perspective from those who are just happy so long as the price comes back up at the end of the week, so far for some time now that's been happening as the price dips and returns roughly back to where it start with a resilient buoyancy to it.
   Until we break this range either way there is no real conclusion occurred just trades back and forth in equal and opposite speculation.  There is a stream of negative news that's the point in favor of selling but also I think a dip lower will be quite brief and more an opportunity to buy, I think this of many markets opposed to Dollar strength because the DXY or dollar index is so repeatedly weak and they cannot easily fix that fault.