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Author Topic: Dont sell because you feel like selling, give it another thought.  (Read 580 times)
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March 06, 2024, 11:41:06 PM
 #41

 Hard to argue with how people feel exactly, to make words to change minds requires alot of finesse especially across the internet.  However a very simple point might be to never be absolute all in and never just sell off as if you absolutely guessed right where the best price is.  Im presuming people are not gambling leverage but scale into and out of positions will enable an amount of learning far better then purely balancing everything on the end of a needle with only a single trade in and a single trade out.  

Its very common in trading to scale portions of a position because you can never be sure but I accept some people want to take some profits to pay a forthcoming bill or whatever, that much is sensible.   You can trade a held position or investment as people label it, the trade is the time and place of entering the order books and that point its fair to play each bit like a short term trade in that amount you are selling.

     Right now BTC isnt a sell, not from what I've seen past vs present its volatility which is exactly similar to what we've had in the past when prices move about fast it will occur just like this so dont be too negative on it all even if its rough seas Smiley

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March 07, 2024, 08:46:37 AM
 #42

Everyone's investment goals are different, if they sell because they have made a big profit, why not? for example, they buy bitcoin when the price is still discounted when the price is $20k and sell it at $60k for other purposes such as buying a house and other urgent needs.

So we also cannot urge someone not to sell bitcoin because people's needs are certainly different, in essence investing is to make a profit. If they feel the profits they have are sufficient then there is no problem selling some. However, it would be better to remain Hold if there is no urgent need or anything else because Hold is a brilliant move at this time, the reason is clear that bitcoin has not yet formed a new ATH and it is very likely that bitcoin will reach $100k then the profits we get will continue to increase.

R


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Gozie51
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March 07, 2024, 10:26:26 AM
 #43

Everyone's investment goals are different, if they sell because they have made a big profit, why not? for example, they buy bitcoin when the price is still discounted when the price is $20k and sell it at $60k for other purposes such as buying a house and other urgent needs.


You are right on that, it is a personal decision for an individual depending on when they entered the market. If you enter earlier and feel it is enough profit already you can get out. Like some investors are already planning to take their first profit at the time halving happens. There expectation is that price will start to drop at that point because other investors are targeting that time to get out of the market to wait for the historical correction until the rebounce happens and then they go in back. So if someone also considers a particular point to take profit, it is just as an individual decision. If during the bull proper, people set different mark to also cash out and that is not a community decision but according to what the person wants. So yes if you enter earlier and feel your have reached your target then such person can freely and easily pack their profit out. There are investors that are already in profit if you check from your calculations and that is just few months back.

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March 07, 2024, 01:38:26 PM
 #44

Everyone's investment goals are different, if they sell because they have made a big profit, why not? for example, they buy bitcoin when the price is still discounted when the price is $20k and sell it at $60k for other purposes such as buying a house and other urgent needs.


Quote
So we also cannot urge someone not to sell bitcoin because people's needs are certainly different, in essence investing is to make a profit. If they feel the profits they have are sufficient then there is no problem selling some. However, it would be better to remain Hold if there is no urgent need or anything else because Hold is a brilliant move at this time, the reason is clear that bitcoin has not yet formed a new ATH and it is very likely that bitcoin will reach $100k then the profits we get will continue to increase.
I don't know what OP's problem about people who is selling their bitcoin knowing that this is their money and they can do anything they wanted to do and besides who will deny selling when we have experienced too much dumping in the past years.
and also those who have bought when the price is ranging 30k have already 100% or more profit so that is enough to sell for now.









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March 07, 2024, 01:39:15 PM
 #45

As said earlier, don’t sell the coins if it’s not required. Bitcoins are very valuable. It’s valuable because these are limited in numbers. Now seeing the price rise, more people will try to accumulate the coins. Hence the demand to buy the coins will go up. Now as we know that the price goes up when buy orders are more. So the price will go more up. So to conclude, it’s beneficial if you don’t sell these precious coins.

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March 07, 2024, 02:08:39 PM
 #46

As said earlier, don’t sell the coins if it’s not required. Bitcoins are very valuable. It’s valuable because these are limited in numbers. Now seeing the price rise, more people will try to accumulate the coins. Hence the demand to buy the coins will go up. Now as we know that the price goes up when buy orders are more. So the price will go more up. So to conclude, it’s beneficial if you don’t sell these precious coins.
You would really be only starting to make out those kind of regrets on the time that you would really be having that kind in need of money or on the time that you do see the price is really that rising up.
You would really be having that kind of thoughts that you shouldnt have spent up your coins when you do see that there's a price rally. Well, it is really just that on personal choice because we are
really that aware when it comes to that opportunity and chance for you to make money. There are people who dont really care and there are ones who do think for long term.

It is really just that depending on someones preference whether they would really be having that kind of approach in towards their holdings whether they would really be that
minding on accumulating and not tending on wasting it up or they would really be just that spending up their money or fiat when buying up something.
There are really just those people who are thinking up sensible in towards their ports.

R


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March 07, 2024, 04:00:57 PM
 #47

Yes, I will say it again and again! Don't sell because you want to sell, or maybe others are selling, and if you feel you have made some profit, then you must sell. My dear, give it a second thought. If you don't have a genuine reason for selling, like a deep need for money, or if you want to sell to buy luxurious things when you know that the price of bitcoin has more potential than what it has shown,.

I am not against anyone selling since; a lot of people who had hodl made lots of profit during this period. What I am trying to say is, if you have no significant need for the money, there is no point in selling it. If your income is enough for you and other expenses, you can continue to buy more bitcoin so that your portfolio will be massive. It should be about how much bitcoin you have, not how many dollars of bitcoin you are holding.

Is very hard to stay without thinking about selling because you might be tempted to sell just to see how much you're going to recover. We do have those who sell just for personal needs like you said and in some cases if they don't sell they have nothing to hold on to, this period is one of the best moment to delay in everything you do, keep on hodling maybe till the halving period that's if you can.
Bitcoin price is $66k and with those ones hodling is more profit and they'll benefit more if they keep on hodling, with time we might be seeing Bitcoin moving up to $75k+ from how the market price is at the moment, so I'd say is only the patient ones who can benefit at this time.

R


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March 07, 2024, 04:23:12 PM
 #48

I will admit that I did sell a couple of weeks ago and damn, after that the price goes off the roof,  but I can't help it, I need to help someone financially as he approach me and borrow some money for his electric bills and so I just give in because I was waiting for my salary that time but it's still a couple of days so I said to him that I will sell some. But it turn out that small amount of few satoshis turn into a bigger one as I gamble some of it. Anyhow, I can't get it back now, and so I still have a few sats that I'm going to keep and double it as much as I can and not going to sell and take profits until we are in the bull run for next year.
I had similar experience but then regretting wouldn't increase the money or my assets so I just had to let it go and hope I will grab a better opportunity sooner, I believe before the next bull run I should be able to get hold of an opportunity to be able to make up for this which I did lost but till then I will actually be looking out for another opportunity . meanwhile I will be gathering some funds to be able to grab any of such opportunity to be able to wait for the bull run where I hope to make just the best out of it.

Sometimes we don't have to regret when such opportunities pass by because that will only allow us nurse FOMO and we may even have worse experience with FOMO than we would have if we had just let go or even waited for an opportunity to come again because most definitely opportunities will always arise in the market and to be utilized by those who understands how well to make use of it.

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March 07, 2024, 05:45:05 PM
 #49

Everyone's investment goals are different, if they sell because they have made a big profit, why not? for example, they buy bitcoin when the price is still discounted when the price is $20k and sell it at $60k for other purposes such as buying a house and other urgent needs.
You are right on that, it is a personal decision for an individual depending on when they entered the market. If you enter earlier and feel it is enough profit already you can get out. Like some investors are already planning to take their first profit at the time halving happens. There expectation is that price will start to drop at that point because other investors are targeting that time to get out of the market to wait for the historical correction until the rebounce happens and then they go in back. So if someone also considers a particular point to take profit, it is just as an individual decision. If during the bull proper, people set different mark to also cash out and that is not a community decision but according to what the person wants. So yes if you enter earlier and feel your have reached your target then such person can freely and easily pack their profit out. There are investors that are already in profit if you check from your calculations and that is just few months back.
I would say that the logic doesn't change based on when you enter, but your situation when you get out. If you entered at 15k or 50k it doesn't matter because if you think the price will go up more then you think it will go up more and you should not sell, or if you entered at 65k or even at 69k brand new ATH but you think it will not go up more, then you will sell.

However, it does change based on your situation, because lets say you need money urgently, then even if you think it will go up, you still get out, you regret it but you have to because you need the money whereas if you have no rush and no need then you are not going to end up getting out at all. This is how it works in most cases and will end up going forward.

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March 07, 2024, 07:30:49 PM
 #50

As said earlier, don’t sell the coins if it’s not required. Bitcoins are very valuable. It’s valuable because these are limited in numbers. Now seeing the price rise, more people will try to accumulate the coins. Hence the demand to buy the coins will go up. Now as we know that the price goes up when buy orders are more. So the price will go more up. So to conclude, it’s beneficial if you don’t sell these precious coins.
Everyone who buys and sells has their own plan regardless of whether it is the right choice or not. I don't think one needs to judge other people's decisions regardless of the good or the bad, it's clear that they have their reasons for doing so. Someone who sold at $69k may have had better luck than those who just hold, but only if they had time to rebuy at $59k or $60k during the correction.

Investors have different ways of accumulating assets, therefore I don't think it's wrong if they sell at a high price and buy again at a low price. This is a way to build a larger portfolio without carrying more capital budget after the first investment, so that it is never wrong and we have no right to blame other parties for the decisions they take.

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March 07, 2024, 08:43:48 PM
 #51

Yes, I will say it again and again! Don't sell because you want to sell, or maybe others are selling, and if you feel you have made some profit, then you must sell. My dear, give it a second thought. If you don't have a genuine reason for selling, like a deep need for money, or if you want to sell to buy luxurious things when you know that the price of bitcoin has more potential than what it has shown,.

My rule of thumb is, sell if necessary, not just to make profits, but sell when you really need to. Maybe there something important that you need money and regardless of what the market is going to, you have to do it because of emergency.
Agreed, sell when necessary, especially at a demanding need or emergency that required to be met immediately but saying not just for profit makes me want to question the real essence of the holding for long and later calmly want to sell at a loss. What's the need for investing if am to later sell it at a loss. Am sure you won't agree to sell at lost after a long hold.
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March 07, 2024, 09:59:08 PM
 #52

Everyone's investment goals are different, if they sell because they have made a big profit, why not? for example, they buy bitcoin when the price is still discounted when the price is $20k and sell it at $60k for other purposes such as buying a house and other urgent needs.

So we also cannot urge someone not to sell bitcoin because people's needs are certainly different, in essence investing is to make a profit. If they feel the profits they have are sufficient then there is no problem selling some. However, it would be better to remain Hold if there is no urgent need or anything else because Hold is a brilliant move at this time, the reason is clear that bitcoin has not yet formed a new ATH and it is very likely that bitcoin will reach $100k then the profits we get will continue to increase.
I couldn’t agree more. We can’t hold the people from not selling their coins if they have already seen substantial profits in their investments. Take time to sell but never sell all your coins. Leave some for your future profits. While others would want to sell and make profits already, majority would still want to continue hodling. Most likely because their target selling price has not achieve yet, or they have no plans to sell since there are no genuine reason of selling. Just hold if you don’t want to sell, but never sell all your coins if you want to stop buying already.

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March 08, 2024, 02:01:46 AM
 #53

Everyone's investment goals are different, if they sell because they have made a big profit, why not? for example, they buy bitcoin when the price is still discounted when the price is $20k and sell it at $60k for other purposes such as buying a house and other urgent needs.

So we also cannot urge someone not to sell bitcoin because people's needs are certainly different, in essence investing is to make a profit. If they feel the profits they have are sufficient then there is no problem selling some. However, it would be better to remain Hold if there is no urgent need or anything else because Hold is a brilliant move at this time, the reason is clear that bitcoin has not yet formed a new ATH and it is very likely that bitcoin will reach $100k then the profits we get will continue to increase.
I couldn’t agree more. We can’t hold the people from not selling their coins if they have already seen substantial profits in their investments. Take time to sell but never sell all your coins. Leave some for your future profits. While others would want to sell and make profits already, majority would still want to continue hodling. Most likely because their target selling price has not achieve yet, or they have no plans to sell since there are no genuine reason of selling. Just hold if you don’t want to sell, but never sell all your coins if you want to stop buying already.
The thing i dont like is to tell people on what they should gonna do and yes its true that its their coins or money then they do have the full rights on what are the decisions that they would be making because its their right.
Just let them be on what are the things they would be doing. It is really just that impossible that they cant be able to determine on which one is a worthy investment and which one it isnt.
This is why it would really be always best that you should be needing up to balance whether you would really be making out such decisions or not.

Selling out on something that you could buy with fiat is much more preferable because you do able to save up your coins which it could potentially be increasing out its value.
Second thoughts? Use up your common sense on which one is worth.

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March 08, 2024, 02:23:55 AM
 #54

Yes, I will say it again and again! Don't sell because you want to sell, or maybe others are selling, and if you feel you have made some profit, then you must sell. My dear, give it a second thought. If you don't have a genuine reason for selling, like a deep need for money, or if you want to sell to buy luxurious things when you know that the price of bitcoin has more potential than what it has shown,.

I am not against anyone selling since; a lot of people who had hodl made lots of profit during this period. What I am trying to say is, if you have no significant need for the money, there is no point in selling it. If your income is enough for you and other expenses, you can continue to buy more bitcoin so that your portfolio will be massive. It should be about how much bitcoin you have, not how many dollars of bitcoin you are holding.
Even if your advice is correct, the therapy is up to them and their right if they want to sell it even if there is no compelling reason for an important need or desire. Everyone has their own plans, strategies and satisfaction. If they think the profits are sufficient or they have made big profits, in my opinion there is no problem and it won't harm you, right?
Honestly I wouldn't sell it if there wasn't an urgent need and I've also used the DCA method and I'm in it for the long haul. And there are some of my friends who sell it if they feel it is very profitable and I support it, and I am very happy to see them feel very happy when Bitcoin gives them good or big profits, because it will make them believe that Bitcoin is really the best in any form of investment and also very profitable.

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March 08, 2024, 03:27:35 AM
 #55

Yes, I will say it again and again! Don't sell because you want to sell, or maybe others are selling, and if you feel you have made some profit, then you must sell. My dear, give it a second thought. If you don't have a genuine reason for selling, like a deep need for money, or if you want to sell to buy luxurious things when you know that the price of bitcoin has more potential than what it has shown,.
practical using of our crypto asset ,if you think you have earned enough then don't be greedy and sell , also if you badly need money then get a chunk and sell,
also if you think you have seen good potential coin then trade it.
it is our choice and our decision.

Quote
I am not against anyone selling since; a lot of people who had hodl made lots of profit during this period. What I am trying to say is, if you have no significant need for the money, there is no point in selling it. If your income is enough for you and other expenses, you can continue to buy more bitcoin so that your portfolio will be massive. It should be about how much bitcoin you have, not how many dollars of bitcoin you are holding.
we have seen the correction the other day so those who sold their coin in ath and bought in correction have added some percentage in their holdings now and for me that is also another percentage of profiting.

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March 08, 2024, 05:12:00 AM
 #56

This can be a very good decision in fact - not to sell Bitcoin unless absolutely necessary. And the need can only arise when you really need money. For example, money for a medical operation when you have critical health problems and the operation requires money. There may be other problems: you have nowhere to live and you have enough money to buy a home or take out a mortgage. Money may be needed for training and so on. In all other cases, where you have a source of income and are simply saving part of your earnings in Bitcoin, not selling Bitcoin can be a good strategy. It might be worth creating a separate account for this.
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March 08, 2024, 09:34:49 AM
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 #57

Everyone's investment goals are different, if they sell because they have made a big profit, why not? for example, they buy bitcoin when the price is still discounted when the price is $20k and sell it at $60k for other purposes such as buying a house and other urgent needs.
Usually those who often need urgent needs are investors who do not prepare spare money in their lives when they have invested their money in Bitcoin. It's true that there's nothing wrong with selling because you've seen the benefits you'll get from it, but if you talk about pressure due to life's necessities, it can cause the investment to have to be sold. We can conclude that the investor did not make extra preparations when carrying out his investment in the previous period.

Quote
So we also cannot urge someone not to sell bitcoin because people's needs are certainly different, in essence investing is to make a profit. If they feel the profits they have are sufficient then there is no problem selling some. However, it would be better to remain Hold if there is no urgent need or anything else because Hold is a brilliant move at this time, the reason is clear that bitcoin has not yet formed a new ATH and it is very likely that bitcoin will reach $100k then the profits we get will continue to increase.
The ultimate goal is like that, but if every Bitcoin investor still has the potential to get more profits than now. Of course not selling it is also not a problem because in reality they can still get more than what they see at the moment, but if you say that it is because there is pressure for whatever reason. Everyone can probably judge that the investor does not provide spare money in his life as an extra option in dealing with his own difficulties in life, but because currently there is potential for Bitcoin to reach ATH and pass it quite well. So there is no need to rush to sell it, it would also be a better option.
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March 08, 2024, 12:23:49 PM
 #58

So do you think people who sell mean they need money? Unfortunately no, because not everyone sells because they need money. Sometimes they sell it to secure profits or avoid losses because according to their analysis after this the price will fall. The basic theory of investing or trading is to sell when it goes up and buy when it goes down.

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March 08, 2024, 03:18:25 PM
 #59

What a shit post.

Feel? That's an emotional term. People who "feel" in money are not investors but chumps. Should always have a written plan.

It is about the money why the F else would anyone be here.

HODL ing makes ZERO profits. You don't profit or lose until you sell.

Go back to school kid.
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March 08, 2024, 03:37:24 PM
 #60

Don't do what OP tells you, if you really need the money and you've got no way to pay your bills besides taking a small chunk of bitcoin in your stash, just do it. It's better in the long-run if you take care of yourself rather than let yourself get hurt in the process of saving, I'll tell you a story of a kid that I've known when I was still in school, this kid is always saving his allowance and doesn't eat even though he feels hungry because he's saving for something, I didn't ask what he's saving for but then he stopped coming to school, I just found out that he's taken to a hospital because he's starving himself and did get some form of anemia or something, he did recover though but my point is that you should never move your health or your necessity in second place in terms of priority, as long as you're alive you can still invest in bitcoin.

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