Time to buy or sell?

[michellee]

For now, trading and investing can still be an option because both can provide short, medium and long term benefits. And it depends on how good you are at mastering the analysis that can help you know when you can enter the market.

But if you are afraid to trade and decide only to invest because the movement is still unstable and can decrease the price like it is now, you can buy and hold it for a while. And even though the price may increase again later, even to the $30k mark, it still seems like a good price to buy bitcoins since the last ATH was at $60k. So buying bitcoins at $60k can still be considered an investment price.

When I talk at the moment in this case I really mean at the moment, so it is not about this year or for several months. I expect that bitcoin will go down soon enough for short term traders to buy it cheaper and then sell again costlier (it is not an advise, my predictions are not even close to 100%, so I can be very mistaken). So investing at the moment is still good as if you hold long enough less then 25k for bitcoin is a good price, but short term trading has other senses (and I prefer not to play with it as I'm not experienced enough for that).

Right, I agree with you. $24k-$30k is still a good price to get bitcoins considering they can go back to previous peaks so if we can get lots of bitcoins at the current price and hold them until they make the next peak, we should be making a huge profit. And this has happened before so that many people can make big profits.

But if the price can't increase this year, next year, or the next few years, it won't be a problem because we still have the opportunity to get those big profits. But holding bitcoins is not easy. Not many people can do it because most people will panic or worry when they see the price increase and eventually decide to sell their bitcoins instead of worrying every day.

Short term trading in my opinion is still a good option if you buy at the right time, and some investors do this which makes bitcoin gradually increase.
if we remember the price of bitcoin was 17k and that was a good price to buy and a lot of short term traders sold when the price of bitcoin was 20k-21k which was only a few weeks, and it repeated many times. Then buy at 20k-21k traders sell at 24k-25k and so on I think bitcoin price will reach 28k-29k in March.
So I think now is a good choice to trade short term if you do it right and it would be better to trade long term or invest in bitcoin even any investment has risks but if we believe and have strong patience I believe it will work.
And that panic only happens mostly to beginners because those who have been in this industry for a long time see that they are very familiar with bitcoin and know its tracks which in my opinion does not make them panic even when they are down. Because believing that it will bounce back eventually and in the long run is the best and safest choice, and also short term trading is good when the market is on a gradual rise.

That's what short-term traders do because if they can get a low price and sell at a higher price many times, their profit will grow even more. We have seen how the market moves and it provides evidence that when the price goes down, it is not always followed by another decline but sometimes the price can bounce back to a higher price. And if we can buy at that low price, we have the opportunity to sell at a high price.

And as long as we don't panic about circumstances or changes in the market, we can adapt well and instead use every opportunity in the market for our benefit. And if we can't see the high price after we buy, we don't need to panic and just keep waiting because the price will return to the high price.

...
But if the price can't increase this year, next year, or the next few years, it won't be a problem because we still have the opportunity to get those big profits. But holding bitcoins is not easy. Not many people can do it because most people will panic or worry when they see the price increase and eventually decide to sell their bitcoins instead of worrying every day.

It is a known problem based on poor economy education. How many forum users do understand concept of 1BTC=1BTC in any sense? I guess it could be so that a majority thinks that it is a fun meme while this idea in one of senses shows that you haven't lost until you exited into fiat. And it is about investing, you should be prepared to wait long enough and chose assets to invest wisely. So now bitcoin is far from it's ATH and previous peak so it is a good idea for investing. But trading rules are not like that: you need working capital all the time so sometimes you need to close the loss even in a prospective asset to have an opportunity to trade here and now.

Agree with you. 1 BTC = 1 BTC. But the problem is that people easily panic when they see the price of bitcoin dropping as much as it did a while ago and think that the decline will continue. It will not be what they imagine because often, the price can bounce back to a high price and even continue to increase to a certain price level. And it happens repeatedly, and they can use it to trade short term if they want to analyze further. And bitcoin now, which is still far from the last ATH, still needs time to increase in price and we can use that to buy more bitcoins.

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[justdimin]

It is a known problem based on poor economy education. How many forum users do understand concept of 1BTC=1BTC in any sense? I guess it could be so that a majority thinks that it is a fun meme while this idea in one of senses shows that you haven't lost until you exited into fiat. And it is about investing, you should be prepared to wait long enough and chose assets to invest wisely. So now bitcoin is far from it's ATH and previous peak so it is a good idea for investing. But trading rules are not like that: you need working capital all the time so sometimes you need to close the loss even in a prospective asset to have an opportunity to trade here and now.

Just the sentence of "you haven't lost until you exit it to fiat" is beyond the understanding of many people. I don't get it, why is it so hard for them to understand this, it should be an easy thing to see and it is definitely easy enough to see how it works out in the end, but if people are not entirely sure about it, and they do not get it, and panic sell whenever price moves, then I would say that it is not going to be that much of a help to explain to them neither, they should have understood it a lot early on.

I am responsible for myself and I understand it which is all I need, and I am always emphasizing the importance of keep buying and holding for long time, but not sure how many people do find the real meaning and get benefits.

[death69]

Better not to become dependent on the signals of other people try to make your own understanding regarding with the knowledge of technical analysis so you can have an idea what are the things you really need to consider when making a trade and not just plotting with the support and resistance having a knowledge may lines you up for the possible profit if you can't still under stand how does the trading works so you can make your self question if this position and trend is good to buy or sell.

it aint just about following other folks' signals or opinions when it coms to trading. You gotta have a solid grasp of technical analysis to make informed decisions that lead to fat stacks and a deeper understanding of the market. But yo, dont forget to bring some humor and creativity to the table too. 'Cause let's be real, crazzy stuff happens sometimess and you gotta be able to adapt and find creative solutions. I remember this one time when my internet went down and I missed a huge market move. But instead of throwing a fit, I printed out a chart and started sketching with a pencil to track the market. It may have looked goofy, but it kept me in the game during a tough spot. The key is to always stay ready for the unexpected and think outside the box while keeping your technical analysis game tight.

[Nrcewker]

Time to buy or sell? Everything depends on you and your necessity. If you have invested in Bitcoins, then I am damn sure that, you know the worth of the coins. Currently if you see the price, then Bitcoins are 1/3rd of it’s value. So if you ask me, then I would suggest you to buy as many Bitcoins as you can in this price segment. But now if you are someone who need urgent money, and don’t have any options rather than Bitcoins. Then unfortunately you have to sell it, to fulfil your needs or requirements. I made you understand about the situations. Now it’s your call OP.

[leonair]

Time to buy or sell? Everything depends on you and your necessity. If you have invested in Bitcoins, then I am damn sure that, you know the worth of the coins. Currently if you see the price, then Bitcoins are 1/3rd of it’s value. So if you ask me, then I would suggest you to buy as many Bitcoins as you can in this price segment. But now if you are someone who need urgent money, and don’t have any options rather than Bitcoins. Then unfortunately you have to sell it, to fulfil your needs or requirements. I made you understand about the situations. Now it’s your call OP.

Since the op is trying to use some strategy for market analysis and forecasting, I don't think the op needs urgent money that might require him to sell bitcoins or other cryptocurrencies. op wants to know if you should sell or buy cryptocurrencies in this market situation so I personally think that now is not the time to sell cryptocurrencies or bitcoins now is the time to buy more if necessary and try to hold for a long time. Because cryptocurrency is expected to do a lot better in the coming days

[salad daging]

Time to buy or sell? Everything depends on you and your necessity. If you have invested in Bitcoins, then I am damn sure that, you know the worth of the coins. Currently if you see the price, then Bitcoins are 1/3rd of it’s value. So if you ask me, then I would suggest you to buy as many Bitcoins as you can in this price segment. But now if you are someone who need urgent money, and don’t have any options rather than Bitcoins. Then unfortunately you have to sell it, to fulfil your needs or requirements. I made you understand about the situations. Now it’s your call OP.

Since the op is trying to use some strategy for market analysis and forecasting, I don't think the op needs urgent money that might require him to sell bitcoins or other cryptocurrencies. op wants to know if you should sell or buy cryptocurrencies in this market situation so I personally think that now is not the time to sell cryptocurrencies or bitcoins now is the time to buy more if necessary and try to hold for a long time. Because cryptocurrency is expected to do a lot better in the coming days

OP shows a picture of a chart pattern with which strategy to take maybe buy or maybe sell it, but I think this is more appropriate for short-term trading than suggesting bitcoin investment so with this pattern there are several conclusions which each individual must be able to sort out The graphic pattern is in accordance with my own research, but the pictures show several forecasted patterns on the market.

So far, if it's with a concept like that, then selling is not a problem because in essence, this is a trade that is done, maybe I take a 10% profit or a pattern going up and above it shows selling if in that way but if for the long term then it's not right to sell but you have to add more bitcoin than now.

[Franctoshi]

Technically, The trend is beginning to change direction since the beginning of January 2023 and Bitcoin has so far made about 40% recovery from its last dip. Has also breaked some key resistance level and turning those resistance levels into support (RBS), Technically which is healthy for our entire crypto market. From my perspective I'm more bullish on Bitcoin than bearish, looking at some fundamental factors and Technical indicators. I do think that starting to Buying Bitcoin right now makes a whole lot of sense as a future investment.

[Ziskinberg]

Technically, The trend is beginning to change direction since the beginning of January 2023 and Bitcoin has so far made about 40% recovery from its last dip. Has also breaked some key resistance level and turning those resistance levels into support (RBS), Technically which is healthy for our entire crypto market. From my perspective I'm more bullish on Bitcoin than bearish, looking at some fundamental factors and Technical indicators. I do think that starting to Buying Bitcoin right now makes a whole lot of sense as a future investment.

Even without looking at the RBS but just considering the cycle of the market, we can say that investing in Bitcoin this time is good. Though we can't say it was a perfect time cause we never know exactly. As we can see, we are still far from the bull season, taking the current price seems like an opportunity while it was still cheap. We don't need to wait for another dump for the sake of buying low as we never know what really happens next.

[Cling18]

Technically, The trend is beginning to change direction since the beginning of January 2023 and Bitcoin has so far made about 40% recovery from its last dip. Has also breaked some key resistance level and turning those resistance levels into support (RBS), Technically which is healthy for our entire crypto market. From my perspective I'm more bullish on Bitcoin than bearish, looking at some fundamental factors and Technical indicators. I do think that starting to Buying Bitcoin right now makes a whole lot of sense as a future investment.

Even without looking at the RBS but just considering the cycle of the market, we can say that investing in Bitcoin this time is good. Though we can't say it was a perfect time cause we never know exactly. As we can see, we are still far from the bull season, taking the current price seems like an opportunity while it was still cheap. We don't need to wait for another dump for the sake of buying low as we never know what really happens next.

Buying is actually a good move though we really have to go through different levels of emotions and deeper patience to wait since we have no idea when the bullish season would start. Just buy, hold patiently, and wait until Bitcoin reaches its best price. I don't think waiting for the dip before buying will be a good move because we got no idea when another dip would happen. Just grab the chance to buy now which is also a good start to hold.

[leonair]

Time to buy or sell? Everything depends on you and your necessity. If you have invested in Bitcoins, then I am damn sure that, you know the worth of the coins. Currently if you see the price, then Bitcoins are 1/3rd of it’s value. So if you ask me, then I would suggest you to buy as many Bitcoins as you can in this price segment. But now if you are someone who need urgent money, and don’t have any options rather than Bitcoins. Then unfortunately you have to sell it, to fulfil your needs or requirements. I made you understand about the situations. Now it’s your call OP.

Since the op is trying to use some strategy for market analysis and forecasting, I don't think the op needs urgent money that might require him to sell bitcoins or other cryptocurrencies. op wants to know if you should sell or buy cryptocurrencies in this market situation so I personally think that now is not the time to sell cryptocurrencies or bitcoins now is the time to buy more if necessary and try to hold for a long time. Because cryptocurrency is expected to do a lot better in the coming days

OP shows a picture of a chart pattern with which strategy to take maybe buy or maybe sell it, but I think this is more appropriate for short-term trading than suggesting bitcoin investment so with this pattern there are several conclusions which each individual must be able to sort out The graphic pattern is in accordance with my own research, but the pictures show several forecasted patterns on the market.

The graph shown in op is a common graph made by some traders.  But these simple graphs are not very useful now.  Because the analysis is much better now.  And big traders now trade with their own strategies.  So putting full faith on these graphs and investing without doing any research or selling any crypto may be a big mistake.  So ignore this chart or get some general knowledge from this group and then take any decision according to your own research.

[borovichok]

Buying is actually a good move though we really have to go through different levels of emotions and deeper patience to wait since we have no idea when the bullish season would start. Just buy, hold patiently, and wait until Bitcoin reaches its best price. I don't think waiting for the dip before buying will be a good move because we got no idea when another dip would happen. Just grab the chance to buy now which is also a good start to hold.

The market is fulled of high volatility and one can either be in profits or loss within. Top influencers in the market brings about legit information about the project that will pump but their signals are not 100% accurate. I've been practically patience in the past few months inother to hold down my positions for the bull moment of bitcoin and altcoins. Buying and holding is a repeated trading strategies that circulated round the space for traders. Buying during the bear season is actually one of the good profits one could easily make in the bull season. Dipping coins triggered good entries on the market with more confidence boosted for trading positions.

[darewaller]

Buying is actually a good move though we really have to go through different levels of emotions and deeper patience to wait since we have no idea when the bullish season would start. Just buy, hold patiently, and wait until Bitcoin reaches its best price. I don't think waiting for the dip before buying will be a good move because we got no idea when another dip would happen. Just grab the chance to buy now which is also a good start to hold.

I do not think that you should, I mean you could, but you shouldn't. I know that buying could give you all sorts of feelings when you are waiting and that is understandable but you shouldn't really do that at all, you should be avoiding it as much as you possibly could in order to make sure that you can wait as long as you can.

I am not saying that it is going to work better for you, it may or may not work better but at the end of the day it is going to end up being an issue if you keep trading based on your emotions. I suggest just ignoring them and stop feeling or even stop checking the price, buy and completely ignore it and you should be doing better in the long run.

[Smartvirus]

Buying is actually a good move though we really have to go through different levels of emotions and deeper patience to wait since we have no idea when the bullish season would start. Just buy, hold patiently, and wait until Bitcoin reaches its best price. I don't think waiting for the dip before buying will be a good move because we got no idea when another dip would happen. Just grab the chance to buy now which is also a good start to hold.

The market is fulled of high volatility and one can either be in profits or loss within. Top influencers in the market brings about legit information about the project that will pump but their signals are not 100% accurate. I've been practically patience in the past few months inother to hold down my positions for the bull moment of bitcoin and altcoins. Buying and holding is a repeated trading strategies that circulated round the space for traders. Buying during the bear season is actually one of the good profits one could easily make in the bull season. Dipping coins triggered good entries on the market with more confidence boosted for trading positions.

Buying in the bear market is actually profitable but, keeping a season for buying isn't always the best way to increase your portfolio. You'll find yourself waiting on an imaginary time of which, its unpredictable given by the volatility of the market and when you get to realise it, you just might not have the funds to invest in the market and just like that, you've lost your chance to buying at some of the best price.
It's best to buy in the bears but, better still, buy when you've got funds and your portfolio would be rich before you realise it.

After that, your next option would be learning how to hodl. It's the way to ensure your profit and reward on time spent comes through.

[jokers10]

Just the sentence of "you haven't lost until you exit it to fiat" is beyond the understanding of many people. I don't get it, why is it so hard for them to understand this
...

Because they have a lack of a basic financial education. Probably they haven't studied economy at the school or lessons of economy were too superficial. Usually if we understand some things better than others it is based on another things we've learned. To understand basics of finance we learned maths, then learned basics of economy and now understand basics of finance. Any gap in education can lead to misunderstanding and losses. Like in the situation when people sell bitcoin too early just because of bear market trend when they'd better hold until bulls. And as for now some will get FOMO because they bought at 24k+ and now it is just 23k+. And both these rates are good for long term investments.

[John Abraham]

I would say, Forget those patterns.
It depends on what you are holding and Depends on your position as well. There are two types of crypto holders: long-term holders and day traders. Each type has another two classes. Bitcoin and Shitcoiner. Now please tell me which one you are.

If you are not a long-time holder, When you buy the coins, You must set a target that you will sell at some point and how much profit you are looking for. I don't know day traders' strategy, but the only thing is never sold at lose. Wait for the perfect time and sell it even with a small profit. Wait for a little more for a dip and buy again to sell in profit again. This is the life of day traders or short-term traders. If you are shit-coiner, Nobody knows when your coin will pump, make your own decision if you want to hold it or not. It's up to you.

If you are a Bitcoiner and long-term holder. There is no sell time. Just accumulate your sats. Do DCA every week. Buy less sats when it pumps and buy more when it's on a dip. Wait for bull run and you will make good money.

[crzy]

Technically, The trend is beginning to change direction since the beginning of January 2023 and Bitcoin has so far made about 40% recovery from its last dip. Has also breaked some key resistance level and turning those resistance levels into support (RBS), Technically which is healthy for our entire crypto market. From my perspective I'm more bullish on Bitcoin than bearish, looking at some fundamental factors and Technical indicators. I do think that starting to Buying Bitcoin right now makes a whole lot of sense as a future investment.

The market is just consolidating, and waiting for the moment to rise again so I believe that this can be a good opportunity to buy good coins again considering its price trend and the market sentiment. If you will see its recent volume, you can confirm the possible trend of the market and probably this year is a good year for crypto again. Just trade with your analysis because if you skip this part, you might not be able to maximize the market opportunity, so trade responsibly.

[Oneandpure]

Right or bad moment for investing or selling cryptocurrency assets based on how bullish and bearish, some time little mistake with some investor and most excited when market on green or all cryptocurrency with higher price. Got risk and invested without think what happen later when price suddenly drop.

I am an investor typical most patience waiting when Bitcoin or altcoin drop to lower price and right time for buying and price increasing few percent this moment for selling. Not typical as investor for long term after earning profit and I won't loss my chance keep hold it.

[LUCKMCFLY]

Right or bad moment for investing or selling cryptocurrency assets based on how bullish and bearish, some time little mistake with some investor and most excited when market on green or all cryptocurrency with higher price. Got risk and invested without think what happen later when price suddenly drop.

I am an investor typical most patience waiting when Bitcoin or altcoin drop to lower price and right time for buying and price increasing few percent this moment for selling. Not typical as investor for long term after earning profit and I won't loss my chance keep hold it.

An investor always knows that the best time to invest can be any, except when you are in a Distribution Stage or in a bearish trend, that is something that every investor knows, however the market is so difficult to analyze that I think the stage under which we are living is that of a re-accumulation, of course I say this according to my personal analysis based on Wyckoff's theory without complying or seeing a defined pattern, only analyzing under the basic principles, I may be wrong, but according to the topic of the thread, it is a great opportunity that there is already to buy.

[jokers10]

An investor always knows that the best time to invest can be any, except when you are in a Distribution Stage or in a bearish trend, that is something that every investor knows, however the market is so difficult to analyze that I think the stage under which we are living is that of a re-accumulation, of course I say this according to my personal analysis based on Wyckoff's theory without complying or seeing a defined pattern, only analyzing under the basic principles, I may be wrong, but according to the topic of the thread, it is a great opportunity that there is already to buy.

You never know then bearish trend is over and you never know when ATH will be. So in theory you just should catch a moment when the price is lower than an average and hold until you need to sell. And in practice if everything was so easy everyone would be investors and traders. And most suggestive in this topic is that a majority (including me) supposes that it is a good time for buying if you are an investor. We all know that a majority in crypto can be wrong often enough... I don't change my position, but it makes me nervous a bit.

[Sebas.tian]

Know when to buy crypto is very important to traders in the community,because it will help you to determine your future if you get it right by purchasing at low price  in the market. Those that purchased crypto when the price is low in the market always have something good to achieve at the end of their investments, which is the wish of every traders but it's only few that is getting it right by exercise patience for the price to decrease before they can buy and hold for a better future to come. But, know when to sell your crypto is very important as a traders which is the main reason some traders go into crypto trading just to be profitable at the end of their investment.