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

[James Watson]

The advice and motivation that can boost self-confidence, glad to hear it, and hopefully people can think more broadly and optimistically. The decline that occurs, of course can still be a good opportunity to buy with new capital, a downtrend does not mean weakening… but it is a sign of providing another profit opportunity when buying until we can earn satisfactory results in the long term.

We know that there are many reasons for selling and buying in the market. There is no right or wrong, because everyone faces different situations, and they don’t encounter different problems from everyone’s perspective, so everyone’s investment methods are different. Different, you will know which way is best for you.

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[Reatim]

In the short time I have been here, I have learned one thing: No matter how much you plan and analyze, you will rarely predict the right moment to sell and you will almost never buy at the bottom of a dip. One could say that all the basic macroeconomic and political dynamics that determine the direction of the market are largely out of your control.

Great observation and indeed reality , many advise telling people to Buy the Dip and Sell in bull but the thing is ? WHen would this be? do we really knows when the lowest or when is the highest each investments?
no we cannot instead we are all speculating , that is the same reason we must put a specific target amount when to sell, no matter what is the value in the following day but stick to the plan.

If you are a newbie investor, the best thing you can do is to plan as best you can for the next 5-10 years. If you are already in this game, the best you can do is to remain a passionate investor, prepared to take risk, and to believe in the power of compounding.

yeah 5-10 or at least every 3-4 years as the Halving season mostly change the course of the market and bringing really high return or not.

[tygeade]

People need to realize that bitcoin is a leverage against inflation. When you realize this then you realize that you do not have to do anything that would require you to sell in the crypto market. Obviously there could be exterior reasons, once upon a time I paid a bill with it, those type of things do happen. However in the long run we do not have any sort of trouble with the current situation, just keep your coins even after they fall because that is exactly when people start to buy, if you do end up selling then you are losing against the competition (people who want to make money when you sell to them).

Just keep holding it, keep holding it forever and eventually you will reach to a point where you do not even need more money. I just feel like it is definitely something that is very long term and all these short term falls make no sense at all.

[asrinur]

You need to do with a trading plan. Many novice traders do not have a plan. So, the profits are not maximized or even lose. So don't think you can make money fast and become the next crypto millionaire without using careful planning. You have to be more realistic to understand BTC price charts because the market takes time to mature for you to invest in bitcoin smartly.

For now, you should only speculate on whatever amount of money you don't mind losing entirely.

[hello_good_sir]

Great words.

I also think that you should not leave your coins on exchanges, because that provides the shorters the liquidity to take on their positions.

At the end of the day, you should be looking at bitcoin as a long term vehicle for storing your own wealth anyway and not some short term speculative asset. If you adopt that mindset you should find it quite easy to hold onto any cryptos that you've got for a long, long time.

[BobK71]

There is a proverb in cryptocurrency that “if you sell you will lose” which means you have to call for a long time with this setting. If you want to fulfill your desirable dream and not be a good holder, you are less likely to be satisfied and succeed. CZ Binance CEO always say that if you are not to be good holder will not get success.

[Emitdama]

There is a proverb in cryptocurrency that “if you sell you will lose” which means you have to call for a long time with this setting. If you want to fulfill your desirable dream and not be a good holder, you are less likely to be satisfied and succeed. CZ Binance CEO always say that if you are not to be good holder will not get success.

Money is very important in life so better try to invest this in better and because if you are not going to take right decision then you are going to lose this quickly. We are in good situation to buy bitcoin even it's going to touch $60K because we all know it's going to be very high in future, and we have to regret about this so buy not give to whales. Currently, bitcoin price is trading sideways which is causing some price movement for altcoins as well, but I feel this all is going to end very soon so never sell your coins in hurry to give advantage to whales.

[StreakW]

As an asset that is limited and not haphazardly printed, speculatively Bitcoin is clearly very promising to invest in the long term. Investments with long-term schemes are better because short-term schemes such as trading are more risky than long-term ones. So, short term trading is indeed dangerous because whatever the trigger, any news that causes prices to rise and fall quickly, in a short time, you need to be careful.

[palle11]

As an asset that is limited and not haphazardly printed, speculatively Bitcoin is clearly very promising to invest in the long term. Investments with long-term schemes are better because short-term schemes such as trading are more risky than long-term ones. So, short term trading is indeed dangerous because whatever the trigger, any news that causes prices to rise and fall quickly, in a short time, you need to be careful.

I think that you are missing things together here. There is difference with long and short time hodling and trading. Although maybe short time hodling can still get the consideration as trading to the extent as swing trading but long time hodling is trading because trading is not suppose to stay longer than necessary like a year hodling. But both long time hodling and trading can get you a lose.

[Fredomago]

You need to do with a trading plan. Many novice traders do not have a plan. So, the profits are not maximized or even lose.

It's a most useful tool that you need when you enter this business, set your plan and make sure to follow things

according to how you percept the market.

So don't think you can make money fast and become the next crypto millionaire without using careful planning.

Not a good mindset. It's not bad to dream to become one, but doing things the right way is more appropriate than
pushing yourself risking much than collecting knowledge and work step by step, slowly but the chance to achieved
your goals are much better.

You have to be more realistic to understand BTC price charts because the market takes time to mature for you to invest in bitcoin smartly.

It's not easy, but if you are seeking deeper, it's achievable. You can create your own strategy that will make things happen for your investment.

For now, you should only speculate on whatever amount of money you don't mind losing entirely.

Using spare money allows you to work without worrying about yourself. You can stay calm knowing that you already understand
the possibilities and with good fate, the chance to grow your money is very possible.

[Twinscoin2017]

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!

I agree week hands is always loss we need to hold and never become panic and sell our asset at loss. We need to fucos and be more wise on making a decision because there are a lot of whales that waiting for us to give up and then they will buy our asset and they will earn because they will hold it and never sell at loss. Strong hands always win or earn in crypto I believe that if we are going to hold we can really earn a big amount. If we look at the price of some altcoins or even Bitcoin they are now very high at price some of them rise almost 90% from their price last year 2018,it means that if we buy those coin and hold until today we can be rich and thats the power of holding or having a strong hands.