Did you sell off during the 21k price breach.

[JimboToronto]

The only reason to ever sell is if you absolutely need the money for another purpose.

Never base the decision to sell on the price.

[STT]

The price is not the value, so yea I agree with that.  Ideally everyone on this forum is better informed and values BTC higher then the market itself does.   Theres times a product will be discounted and subject to a lower pricing and other times it could be considered expensive.   My personal reckoning for BTC over the last year was yes the price fell but relative to 20 years highs in Dollar index, BTC is doing better then I expected under that burden and unpopularity.    
  I'm not saying it was a sunny day but we can have out performance even within a decline and negative trend.  I think even down to 10k was a possible but BTC was heavily resistant to that.   The relevance to now would be that strength under pressure should be noted and respected because that force contained can return us upwards faster then expected.     We had a bullish break upwards today following previous very strong action so patience is being rewarded currently.  How to judge when to be patient and hold and when to sell fast is probably the most  important thing for speculative type swing trades I think.

[JimboToronto]

The price is not the value...

Indeed.

Warren Buffett didn't make his billions buying and selling stocks willy-nilly based on the price.

He based his decisions on what he saw as the potential value of the companies he invested in and then worked to increase their current value by restructuring, improving efficiency, and increasing their productivity. He didn't buy to sell. He bought and held long-term. He didn't "play" the stock market like some kind casino game. He bought the casino and improved it.

Obviously Bitcoin is not the stock market. There are some parallels though. The reason to invest in Bitcoin is not to hope the price will go up. The reason is seeing the long-term potential of a revolutionary new technology to change the world of finance. Buying and steadfastly holding increases stability, which in turn leads to increased adoption and in turn demand, which eventually brings great returns, just like Buffett's little shirt company.

Constantly buying and selling debases Bitcoin and reduces it to the level of a penny stock.

[mich]

Well I did begin to sell at 21k just a little bit. I think most people panic sell when others are talking about it. FUD start to kick in and we think we are being cautious by getting out. Personally, I don’t often follow the crowd and I tend to hold long but that’s because I try and put my money behind investments I truly believe in.

This includes bitcoin for example. I think if you really like an investment, you don’t get swept up by the fear because you trust your gut and you know you have a winner if you can just wait it out.

[ilovealtcoins]

So are we to expect any sudden drop down to 16k again on the price of bitcoin this year or we will going through with this current 20k to 21k mark.?

There is still a chance bitcoin will drop to $16k again, what is happening is more of a trap than a real bull run. But I will not sell my bitcoins at this price or higher because there is no guarantee bitcoin will fall back. The profit is also too small if anyone sells from now on, I think most people will wait until bitcoin hits ATH to start selling them.

I don't see anything wrong with selling Bitcoin above 21K due to the abnormal price pump of Bitcoin for a short time. Holding until ATH is a good strategy too but taking a profit on a sudden pump like this is good too because there's always a correction for every price action like this since impulse traders will surely take a profit when after they bought below 20K once the price stops moving above. The current price is already stagnant at 21K level which is a sign that bulls power is weakening. It's either we will experience accumulation and then pump or a quick correction will happen but I'm more on the correction scenario since there's no real big news backing this run.

Yes, there is nothing wrong if you sell for 21k, but today price went up to 22.8k and even reached 23k if you sold bitcoin yesterday, you made a profit, but now you will regret it. There is no guarantee bitcoin will turn back down, I have not seen any signs of the bulls weakening, as you say. If someone sold bitcoin yesterday, it would be a real pity.

[KingsDen]

The only reason to ever sell is if you absolutely need the money for another purpose.

Never base the decision to sell on the price.

It all boils down to individual decisions and purpose of investment. According to what the topic creator said people, people who invested for a short term purpose  must have sold off at 21k. For people whose investment are targeted at long-term does not have any business selling at 21,000 dollars and also people that bought at the price of 40,000 above does also not have any business to sell at 21,000 dollars.

To me I did not sell and even if the price is at 50,000 dollars today I will not also sell. I can only sell when there is a new all-time high.

[$crypto$]

To me I did not sell and even if the price is at 50,000 dollars today I will not also sell. I can only sell when there is a new all-time high.

keep it up!! I'm sure above $50,000 in the next few months eg I don't want to sell either but we would like to see price to surpass the previous ATH so it will be an all-time point again we will definitely look at that and definitely stick with it from now on.
It seems that bitcoin continues to move up making me a little happy to see the market grow again but I still want to keep buying at the current price.

[_BlackStar]

Well I did begin to sell at 21k just a little bit. I think most people panic sell when others are talking about it. FUD start to kick in and we think we are being cautious by getting out. Personally, I don’t often follow the crowd and I tend to hold long but that’s because I try and put my money behind investments I truly believe in.

This includes bitcoin for example. I think if you really like an investment, you don’t get swept up by the fear because you trust your gut and you know you have a winner if you can just wait it out.

I'm not going to sell it for fear of missing the opportunity to sell it for a high price, but I have to sell it when I really need the money urgently after some other considerations. I don't think $21K is a high price to sell some or all of your bitcoins but if you really need it then you can sell it anytime as long as you understand and consider it well.

Holders are winners, but we don't have to be holders forever for any reason. We need money and we also need to enjoy life, so taking profits at the right time is the reason why you invest, but it's not the only one.

[DaNNy001]

Well I did begin to sell at 21k just a little bit. I think most people panic sell when others are talking about it. FUD start to kick in and we think we are being cautious by getting out. Personally, I don’t often follow the crowd and I tend to hold long but that’s because I try and put my money behind investments I truly believe in.

This includes bitcoin for example. I think if you really like an investment, you don’t get swept up by the fear because you trust your gut and you know you have a winner if you can just wait it out.

I'm not going to sell it for fear of missing the opportunity to sell it for a high price, but I have to sell it when I really need the money urgently after some other considerations. I don't think $21K is a high price to sell some or all of your bitcoins but if you really need it then you can sell it anytime as long as you understand and consider it well.

Holders are winners, but we don't have to be holders forever for any reason. We need money and we also need to enjoy life, so taking profits at the right time is the reason why you invest, but it's not the only one.

I totally agree with you on this, but with what I have seen is like everyone just says that are going to hodl tiil the next bull run. But i feel this must not be the same with everyone, as i sold some of mine today owing to the fact that, i was in dire need of cash and i sold a little to settle this issues. The  price today was really something to smile about as btc is slowly climbing upwards and now up 23k today but many still see this current uptrend as a trap and feel that bitcoin is going to fall back to 16k as the propose year for the speculated rise has not reach @2024 halving

[capedbaldy]

Is hard to predict the next move, but with the current market cap of $977.09B I don't think this is going back to $16k in the next few days. I know it was a nice surprise to see btc touching $21k, and some of us feel bad for selling in the past days at $17k... but that's how the markets rolls, Bitcoin loves to give us these crazy moves. Let's see what this week has for us.

I also think it will go back to the $16K margin the best thing for any one trying to accumulate will be to do DCA at least every week because I believe each we will have new price either a huge dump or high rise. With DCA the loss might be minimized or the profit been maximized. Right now I am not selling off till we touch maybe $50k something I see to happen by ending of the year. This little market pump is the best time to sell of all altcoins

You are right, but the DCA method is not fully optimal because if you imagine selling at $ 18k yesterday then for sure you are not getting the maximum profit and the price of $ 21 is quite stable at this time and it is not certain whether the price will be higher, at the current conditions you make sure not will buy it because you already take profit at a lower price.

[Tamaperdana]

Not many people expected the sudden rise in the price of bitcoin in the early part of 2023 as speculation i have online and also in the forum have started the bull is not going to be coming anytime soon. But the price of bitcoin surprisingly reached 21k on Saturday and many short time holders saw this as a wonderful opportunity to sell off some of their coins and wait for the price to go low again before buying.

So are we to expect any sudden drop down to 16k again on the price of bitcoin this year or we will going through with this current 20k to 21k mark.?

I don't expect that, I'm just waiting for the bitcoin halving next year, because I'm targeting it in the long term, maybe for short-term investors it will be profitable if it goes down again.
but for long-term investors, this may still be considered normal, there must even be someone who adds to their bitcoin assets.

[Rigon]

Not many people expected the sudden rise in the price of bitcoin in the early part of 2023 as speculation i have online and also in the forum have started the bull is not going to be coming anytime soon. But the price of bitcoin surprisingly reached 21k on Saturday and many short time holders saw this as a wonderful opportunity to sell off some of their coins and wait for the price to go low again before buying.

So are we to expect any sudden drop down to 16k again on the price of bitcoin this year or we will going through with this current 20k to 21k mark.?

We have ended the disastrous year 2022. By early 2023 we are finding new hope in the market. Many thought the market would not grow until early 2023. After all the speculation, the market has now stabilized between $20k and $22k. But tomorrow the market bounces back from $23,365 to $22,700. Based on the current situation of Bitcoin, we can say that the market is definitely in a good position.

We are going to hear there is good news this January. The Bitcoin financial meeting will be held from January 31st to February 1st. Here, if the Federal Reserve raises monetary interest rates for Bitcoin, it will definitely bring good news for Bitcoin and may pump up the price.

[GeorgeJohn]

Not many people expected the sudden rise in the price of bitcoin in the early part of 2023

that's while the market of cryptocurrency is not dependable, the increment of Bitcoin price is determine by the market demands and the market supplies. So many people will be surprised because of the long stays of bearish market since last year.

as speculation i have online and also in the forum have started the bull is not going to be coming anytime soon. But the price of bitcoin surprisingly reached 21k on Saturday and many short time holders saw this as a wonderful opportunity to sell off some of their coins and wait for the price to go low again before buying.

actually their is every tendency that the price of Bitcoin is going to fall, and in some extent i believe that Bitcoin price will just increase and Falls before it will recover and continue to move further of acceleration in price. It's right time to people who purchase when the price was at the point of twelve thousand, and precisely short investors, and long term investors should not panic to sell.

[CageMabok]

Yes, there is nothing wrong if you sell for 21k, but today price went up to 22.8k and even reached 23k if you sold bitcoin yesterday, you made a profit, but now you will regret it. There is no guarantee bitcoin will turn back down, I have not seen any signs of the bulls weakening, as you say. If someone sold bitcoin yesterday, it would be a real pity.

There is no need to spare those who sell Bitcoin at $21K because it is done on their own whim and decision. Because basically the seller also knows that Bitcoin will slowly increase again this month, but he only wants a certain amount of profit and maybe not that big. After all it wouldn't make Bitcoin any worse though it would have wasted a better opportunity for itself by selling faster.

You are right, but the DCA method is not fully optimal because if you imagine selling at $ 18k yesterday then for sure you are not getting the maximum profit and the price of $ 21 is quite stable at this time and it is not certain whether the price will be higher, at the current conditions you make sure not will buy it because you already take profit at a lower price.

In fact, it was only a loss because they sold it too quickly, but in terms of capital and profits, it was clear. Now even Bitcoin is at a price of $ 22K + and very close to $ 23K even though it arrived yesterday but for now it is back below $ 23K. So it would be better if everyone wants to hold Bitcoin without selling it at the current price because it is also for better profit.

[Yamifoud]

So are we to expect any sudden drop down to 16k again on the price of bitcoin this year or we will going through with this current 20k to 21k mark.?

Maybe the others, but I don't. May the price will drop again but I was not hopeless yet for the price of Bitcoin will stay above $18k. We have had a huge drop in the past few weeks, I think that was the bottom already. I was optimistic to see the market become stable in this year and less affected by the FUDs.

I assume that everyone had learn last year and from the previous bear season, it wasn't easy to keep holding and waiting for the next bull season but I think we have to do it.

[Fara Chan]

I don't expect that, I'm just waiting for the bitcoin halving next year, because I'm targeting it in the long term, maybe for short-term investors it will be profitable if it goes down again.
but for long-term investors, this may still be considered normal, there must even be someone who adds to their bitcoin assets.

Of course, for investors who aim in the short term, most of them have started selling their assets, some have sold half, maybe all, and for people who are really in a state of need for very important needs, they will do it, some of the big investors or small they prefer to increase their assets rather than sell them even though the current situation is a small bull, most of them are waiting for the right ATH in speculating their assets for maximum profit.

The situation of small bulls in the market has resulted in many changes in the market, from an investor point of view, it has started to improve. We and other investors have welcomed this situation by adopting a policy of holding and adding assets little by little and getting involved in investing. We hope that we will not reduce assets. in the near future except for circumstances that are not possible and cause us to reduce a little for very urgent needs.

[Jating]

And if someone sold, then it's already a lost to them. I see someone says to rebuy when the price goes down, but you have to wait for it, and for all we know we might not see the price below $20k again.

Again for those who push the sell button, it's now $22k and even reaches $23k in the last 24 hours. So it's really not good to sell in this sort of mini bull run, the price is still going up. Or better yet, just hold and be a long term investor and shorting for me is not advisable in this kind of market movement.

[_BlackStar]

-snip-

I totally agree with you on this, but with what I have seen is like everyone just says that are going to hodl tiil the next bull run. But i feel this must not be the same with everyone, as i sold some of mine today owing to the fact that, i was in dire need of cash and i sold a little to settle this issues.

You know, I'm not going to generalize that everyone should be equal in decision making. Hold or sell now are possible decisions for you to consider, and like I said, ^{[you can do it if you need].}

The  price today was really something to smile about as btc is slowly climbing upwards and now up 23k today but many still see this current uptrend as a trap and feel that bitcoin is going to fall back to 16k as the propose year for the speculated rise has not reach @2024 halving

I know that everyone who buy on the previous dip between $15K - $20K will turn profit as the bitcoin price breached $23K yesterday - but only if you sell it of course.

I don't sell them, so I don't enjoy the profit because as long as I'm holding bitcoin, only the value fluctuates whereas the same number of coin stays the same ^{[unless I start accumulation them].} Now, enjoy your profit if indeed you have sold it. But for whatever, you don't need to trust what people say online, especially about another possible low at $16K. Stay wise and don't use other people's analysis as benchmark for your investment because they basically don't make it financial advice.

[salad daging]

And if someone sold, then it's already a lost to them. I see someone says to rebuy when the price goes down, but you have to wait for it, and for all we know we might not see the price below $20k again.

Again for those who push the sell button, it's now $22k and even reaches $23k in the last 24 hours. So it's really not good to sell in this sort of mini bull run, the price is still going up. Or better yet, just hold and be a long term investor and shorting for me is not advisable in this kind of market movement.

They have taken a bit of profit after that waiting for bitcoin price to go down i don't think in the near future bitcoin is not going down we are looking more at the positive trend for bitcoin which could maybe go up to $25,000 at the end of this month obviously this is a loss they are selling now they can't last long for something bigger in the future.

I think they have definitely concluded that's why sell at the current price, maybe for the short term but for me this is a loss from my average purchase so it is necessary to maintain the bitcoins that are owned, with this little bullrun many have sold because some are afraid down again there is also taking profits in this way, on the other hand I am sticking with it for the long term I don't want to sell now but will regret it later.

[KingsDen]

The only reason to ever sell is if you absolutely need the money for another purpose.

Never base the decision to sell on the price.

It all boils down to individual decisions and purpose of investment. According to what the topic creator said people, people who invested for a short term purpose  must have sold off at 21k. For people whose investment are targeted at long-term does not have any business selling at 21,000 dollars and also people that bought at the price of 40,000 above does also not have any business to sell at 21,000 dollars.

To me I did not sell and even if the price is at 50,000 dollars today I will not also sell. I can only sell when there is a new all-time high.

The act of holding is determined by the purpose of investment, investment fund and duration of investment. I don't commit much into bitcoin but I buy weekly with a little fund I am able to lose. I have been buying when the price was higher than 23k and still bought when it is lower than 23k.

Then, I must continue to buy even if the price goes really up, unless it goes to the point I want to exit the market. But this cannot be said of someone who used his monthly house rent to buy bitcoin