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Author Topic: Buy Buy Buy or Sell Sell Sell?  (Read 15515 times)
lepbagong
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March 09, 2024, 01:14:32 AM
 #41

If you buy bitcoins now is the time to buy and hold bitcoins. Buy sell and hold it all depends on which coins you hold. If you buy Bitcoin then you can hold it at present no problem, profit is guaranteed. But if you hold Altcoins there is a lot of risk at the moment, and the possibility of a price drop is very high. So Bitcoin is best suited for holding.

Don't be influenced by prices that are already high and approaching the previous ATH. I agree that if you want to buy Bitcoin now and hold it immediately, or if you have an analysis that there will be a correction after the halving, you can wait. Once again, analyze well, but indeed buying bitcoin is the right choice because the risk involved is very small because bitcoin cannot be controlled by anyone, it moves according to market mechanisms.
I agree, even though currently altcoins are also on the rise, we need to remain vigilant because at any time altcoins can experience very high declines due to human factors.
Keep holding bitcoin and if you have to with altcoins, maybe ethereum and BNB are the choices.

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March 09, 2024, 01:40:00 AM
 #42

What's your take on this? Given the period we're in is it buy time or sell time?
My take on this kind of situation is that, they've got no goals and so they end up not having any plans and they just sell whenever they want to which is bad because that's the likely thing to happen to someone when they don't have any goal, they wander around aimlessly. Best solution is depending on what you're invested into, you should set a goal where you will sell your cryptocurrency, if it's an altcoin, don't be too ambitious and aim for a really high price increase, set a percentage or a concrete number like if you bought altcoin A at 0.1 USD apiece, you should consider a 50% growth as your limit so you sell that altcoin or you could do a number like if altcoin A becomes 0.2 USD apiece then you'd sell but you have to make sure that your goal would be feasible, depending on your research and sentiments on that cryptocurrency you're investing into, that would dictate how much you would hold on to that cryptocurrency.

Now with bitcoin it's a different story because bitcoin is definitely an appreciating asset and a blue chip cryptocurrency meaning that if you're patient enough, you're guaranteed to have a profit, if you're invested in bitcoin, you'd get away with setting an ambitious price goal, make it 200k USD hell maybe even 500k USD, there's no limit, just make sure that in all of this, you afford only what you can afford to lose even if you're doing DCA.

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Nothingtodo
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March 09, 2024, 02:11:35 AM
 #43

Ive been hearing about situations where someone buys a coin for a certain rate and not quite long after,  the said coin drops in value, or  someone sells his coin for a certain rate and then it appreciates just after.
What's your take on this? Given the period we're in is it buy time or sell time?
Coin buying, selling and holding depends mainly on coin development and price. If the investment is made at a high price and the price of the coin falls in the market, then I think that the coin should be sold instead of holding. Moreover, if the best projects in the coin market are of course long-term, there is a possibility that the price will increase at some point in the future.

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March 09, 2024, 02:39:39 AM
 #44

The price of Bitcoin is very volatile so everyone uses it in different ways, and the most common is to buy when the price goes down and sell it again when the price goes up to make a profit, very simple.
However, if you invest in Bitcoin for the long term, you don't need to care about the price of Bitcoin when you want to make a purchase. And you just buy when you have more money and hold it for the long term and hold it without looking at the price when you have it, and hold it for the long term as the price of Bitcoin continues to rise. And although there is always a decline, it will rise again and the price will even exceed the price before you made the purchase. And you will only sell if you are satisfied with the Bitcoin price above, and make a big profit.


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8rch7
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March 09, 2024, 04:04:22 AM
 #45

I don't too recommended to buy bitcoin or some altcoin right now depend have reached most higher price although bitcoin still get another good moment with halving time in forty days later. Better waiting with usually bitcoin price will drop after halving time and have ready to face with risk  or bitcoin potential keep decreasing down if buy right now. Bitcoin seems still on the higher price today after break out the ATH and not good ideas push our self keep accumulate bitcoin right now, I think with current bitcoin have been on the higher price is the moment for selling and bit waiting awhile after bitcoin going dump to buy back.
I won't get the same what happening last two years ago when many people keep buying back although bitcoin over $60k and then drastically dump under $20k.

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March 09, 2024, 05:21:12 AM
 #46

Well, that's a common thing. When prices fall, people become nervous, and some sell the assets they own. Another case, people sell their assets, but after that the price goes up, and they regret selling. However, we must be wise in making decisions. When we have bought a coin, then we do not regret that decision. In fact, if necessary, he holds the coins until he makes a profit. However, if he does his research and ends up with a negative conclusion, then he will have to sell the assets he owns to stop further losses. Moreover, if he had sold at a profit, he needed to forget about it, even when the price rose after that. After all, that was his decision to make. I have experienced both of these things, and now I think that this is a normal thing that happens in the investment world.

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March 09, 2024, 07:02:46 AM
 #47

Seen as manipulative to the ignorant, seen as an opportunity to the smart for those who understand bitcoin and how to invest in bitcoin.

We saw that in Q1 of 2024 bitcoin rallied and went crazy after the bitcoin ETF was approved and approaching halving, also there is no more FUD really bothering bitcoin as a reason for a price correction, some people may feel that bitcoin has reached a very high price now and has touched the ATH of the previous cycle, but the value that bitcoin has today is not the main value for the price of bitcoin this cycle, logical or not bitcoin expectations in this cycle may not be taken into account given the competition of institutions in accumulating bitcoin and retail that only a few enter, if you look at the data on the chain, maybe you will see something more valuable and why so many people believe bitcoin will have a price to $100k.

Just set your target if you are afraid of losing.

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March 09, 2024, 07:46:56 AM
Merited by JayJuanGee (1)
 #48

Ive been hearing about situations where someone buys a coin for a certain rate and not quite long after,  the said coin drops in value,
There is no need to be overly greedy, although you always want to buy at a cheaper price. Smiley Even if the price fell after buying the coin, this doesn't mean absolutely anything if you didn't sell at the dropped price, because you still have the coin. 1 coin = 1 coin.

or  someone sells his coin for a certain rate and then it appreciates just after.
Why worry about it if the seller made a profit? Another manifestation of greed.

Curb your appetites. Smiley

What's your take on this? Given the period we're in is it buy time or sell time?
How I don’t like it when they try to fit the situation into the only correct pattern.

Now is the time to both buy and sell. It is the open market where both of these types of transactions occur. Those who benefit now are selling. Those who benefit from buying, buy. You don't know what to do in the current situation? Analyze your personal situation and, based on this, decide what is beneficial (or necessary) for you.

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March 09, 2024, 09:26:42 AM
 #49

This has been experienced by many investors, where they buy coins instead of going down and then sell coins instead of going up. This has often happened that we experience so you can determine the selling / buying price: such as selling half and then keeping some to wait for the price to rise again.

Now is still the right time to buy because prices can rise at any time, people who bought at $22K can sell now to make a profit, but are they sure they won't keep it? It would be a shame to sell now when the halving is still yet to come and the price might rise again as we thought.

If I myself still accumulate and believe that bitcoin will fly ... But never force it if there are still doubts at high prices now, but you don't need to regret it when the bitcoin price will be at $100K.

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March 09, 2024, 10:00:25 AM
 #50

Ive been hearing about situations where someone buys a coin for a certain rate and not quite long after,  the said coin drops in value, or  someone sells his coin for a certain rate and then it appreciates just after.
What's your take on this? Given the period we're in is it buy time or sell time?
The Pros and the Cons which is a volatility potential upholding the Bitcoin and the altcoins is what determines the volumes of these coins, they are never stable in this system but fluctuating. Although its will is surged that at the end of a season known for the bull-runs, the increments in Volume should be attracted and appreciates in higher volumes comparing to the Dip.
So Op, if you purchase Bitcoin or any altcoins, be assured that the volume does not go ahead in increments but goes on UPs and the DOWNs while it accelerates upright on a gradual process.

Those who sells their coins when there are still potentials for the Coins increments are either not patient Crypto traders, they don't trust the system and decides to sell of before the market depreciates and utter them looses why might not be able to withstand. So they takes preventive measures so logically it is risky in holding your coins untill it reaches its maximum volume in an appreciative season. Although this happens majorly on altcoins which the volatily strength is very weak and unreliable.

While some sells of their coins probably they are in need of money and can not afford to keep holding their coins because it is providing more incomes while they collapse in need of of the money right there. So they could decide to sell of their coin even a potential market increments. After all your assets is a source of income to grow to you can sell off and sort your financial issues and not to keep accumulating for appreciation sake only.
So at a reasoning for selling off, it does not stop the market from its increments in values and so on it keep increasing uninterrupted according to its potentials.

Bitcoin has not reached its ATH yet and yet the market is so appreciating. It is advisable to keep holding and to purchase too but using the DCA accumulating method while we hope to see the bull-run and Hits the ATH but nevertheless, sell off if you have to, everyone has a vision, target and so on different dreams.
Don't be controlled by influential speculation @ OP.











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alankasman
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March 09, 2024, 02:34:32 PM
Merited by lizarder (1)
 #51

Ive been hearing about situations where someone buys a coin for a certain rate and not quite long after,  the said coin drops in value, or  someone sells his coin for a certain rate and then it appreciates just after.
What's your take on this? Given the period we're in is it buy time or sell time?
Currently we are still in a good period to buy even though Bitcoin has passed its previous highest price because the new highest price is predicted to reach $100k.
Such a situation does not always apply. This means that each pattern can change according to circumstances.
If the coin purchased is Bitcoin, I think its value will not change and I don't think this situation will have much influence on Bitcoin investors. If after purchasing the price falls, there is a possibility that in the long term the price will recover to the current market situation.

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March 09, 2024, 02:49:31 PM
 #52

This has been experienced by many investors, where they buy coins instead of going down and then sell coins instead of going up. This has often happened that we experience so you can determine the selling / buying price: such as selling half and then keeping some to wait for the price to rise again.

Now is still the right time to buy because prices can rise at any time, people who bought at $22K can sell now to make a profit, but are they sure they won't keep it? It would be a shame to sell now when the halving is still yet to come and the price might rise again as we thought.

If I myself still accumulate and believe that bitcoin will fly ... But never force it if there are still doubts at high prices now, but you don't need to regret it when the bitcoin price will be at $100K.
Buy low Sell high on which this had been the most common approach or idea that we do really need to stick into this space on which we would really be doing our very best for us to make profits
whether you would really be deciding on holding for long term would really be having that kind of short term approach on which we do know that this is something will really be that just depending on a certain individual.
We've seen these these principle is pretty basic and very standard but this is the most hardest thing that  you would really be needing to adapt and adjust.

If things was that just that too easy to predict or would really be able to know specially on when to buy and when to sell then majority of traders would really be that rich which we know that it cant be just possible.
Buy when the price corrects and sell when it pumps. Sounds simple but this is the most challenging thing that we could really be able to face on when dealing up with trading.
This isnt something that you could easily be able to deal with.

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March 09, 2024, 03:27:36 PM
 #53

Ive been hearing about situations where someone buys a coin for a certain rate and not quite long after,  the said coin drops in value, or  someone sells his coin for a certain rate and then it appreciates just after.
What's your take on this? Given the period we're in is it buy time or sell time?
For me now is the time to keep what I have and buy again when I have more money to do so. Because now is the moment when prices continue to increase and everyone can see how Bitcoin continues to increase without any serious price correction. So the option to hold what you already have and increase the amount by buying more is the best option before determining the time to sell it in the future even though not everyone will apply what I said at this time.

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March 09, 2024, 04:01:50 PM
 #54

What you hear about the situation may apply to altcoins and meme coins. When it comes to Bitcoin, you often hear about 1 BTC = 1 BTC.
Bitcoin in the long term will not decrease in value. As for other cryptos, I will not guarantee that their value will last like Bitcoin.
I hear about it so often with coins other than Bitcoin, that I don't even hold any altcoins that don't have obvious potential in my wallet to hold.
Not everyone has that mindset where 1 btc = 1 btc. The average investor thinks about value not the number of bitcoins, it is the goal of the investment. Moreover, prices always fluctuate and are never stable, so it is not true that the price of bitcoin will not fall at another time, even in the long term.

I can only raise my hand if the direction of thought is not for value but profit. I am well aware that the average investor's goal is to make a profit through returns. I also realize that in terms of price, Bitcoin will experience a price decline even in the long term. But, altcoins don't seem to apply. When the price drops, altcoin holders hope to feel the price increase again, it will be very difficult even though I am not too experienced with a number of big name altcoins.

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March 09, 2024, 04:57:44 PM
 #55

The price of Bitcoin is very volatile so everyone uses it in different ways, and the most common is to buy when the price goes down and sell it again when the price goes up to make a profit, very simple.
Yes Bitcoin price is very volatile at the present time especially since last few days Bitcoin price has increased by the most and touched all time highs.For those who are currently waiting to buy bitcoins I think they should wait until the bitcoin halving because then the price of bitcoins may drop a bit compared to now.Now that the price of Bitcoin is at a high volume, it is better not to buy Bitcoin now because the price of Bitcoin can fall at any time from here. However, we can continue to buy bitcoins at this price by adopting a method that is through the DCA method If someone wants to buy Bitcoin after it is high in value.

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March 09, 2024, 05:58:28 PM
 #56

Ive been hearing about situations where someone buys a coin for a certain rate and not quite long after,  the said coin drops in value, or  someone sells his coin for a certain rate and then it appreciates just after.
What's your take on this? Given the period we're in is it buy time or sell time?
Generally the the cryptocurrency market and even other currencies market are dynamics a d not static, this actually implies that the market is either going up or it's coming down, so it's then left with you to properly study and understand the market well enough to utilize opportunities to your own advantage to make as much as you can from the market, you don't have to expect the market go in your direction before you take actions because no one has got absolutely control over the market, so it's not like the market is going against you in situations where you buy and the price decrease and you sell the increase, it's only an indication that you should study the market some more and get to know when best to take various actions in the market.

In the current period in which we a re that there are many anticipations about a bull market and a halving I will best advice that what ever asset you have got it's best you just continue hodling until after the bull market then you would see the best opportunity to seel and Mae the best profit off your assets, but if you decide to follow the pattern of the market now you may likely leave some funds on the table at every entry and exit.

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March 09, 2024, 08:33:39 PM
 #57

Ive been hearing about situations where someone buys a coin for a certain rate and not quite long after,  the said coin drops in value, or  someone sells his coin for a certain rate and then it appreciates just after.
What's your take on this? Given the period we're in is it buy time or sell time?

I'm expecting that when Bitcoin is expensive, most people will rush to buy it when they see that it is too expensive. But last year when it was still low, around 20k, more than one managed them too much, and now that it's around 70k, they just buy it. It's a huge stupidity for me.

But for those who accumulate from last year, it's not stupidity because they have a goal; unlike others, they can follow or just ride the trend because it's noisy now; that's their stupidity. It's just booming because they see a lot of people buying Bitcoin. But if I'm one of them, don't do it.

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March 09, 2024, 10:02:00 PM
 #58

I don't too recommended to buy bitcoin or some altcoin right now depend have reached most higher price although bitcoin still get another good moment with halving time in forty days later. Better waiting with usually bitcoin price will drop after halving time and have ready to face with risk  or bitcoin potential keep decreasing down if buy right now. Bitcoin seems still on the higher price today after break out the ATH and not good ideas push our self keep accumulate bitcoin right now, I think with current bitcoin have been on the higher price is the moment for selling and bit waiting awhile after bitcoin going dump to buy back.
I won't get the same what happening last two years ago when many people keep buying back although bitcoin over $60k and then drastically dump under $20k.
The price of bitcoin and most altcoins have gone up a lot so far, so it's probably right not to recommend others to invest now if you truly believe it's not the right time. But I think it's a little better to recommend bitcoin as a long-term investment asset instead of an altcoin, I mean the potential for bitcoin is still very large to provide returns for investors because halving will usually make bitcoin more expensive due to high demand.

But you should still tell them the risks involved so that they don't 100% believe what you say without considering the risks. Prices can still be corrected even though the halving is coming soon, meaning there is no guarantee that prices will continue to soar even though the halving is very close. The opportunity to profit remains, but the risks should not be ignored.

 
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March 09, 2024, 10:21:54 PM
 #59

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March 09, 2024, 10:52:39 PM
 #60

I don't too recommended to buy bitcoin or some altcoin right now depend have reached most higher price although bitcoin still get another good moment with halving time in forty days later. Better waiting with usually bitcoin price will drop after halving time and have ready to face with risk  or bitcoin potential keep decreasing down if buy right now. Bitcoin seems still on the higher price today after break out the ATH and not good ideas push our self keep accumulate bitcoin right now, I think with current bitcoin have been on the higher price is the moment for selling and bit waiting awhile after bitcoin going dump to buy back.
I won't get the same what happening last two years ago when many people keep buying back although bitcoin over $60k and then drastically dump under $20k.
The price of bitcoin and most altcoins have gone up a lot so far, so it's probably right not to recommend others to invest now if you truly believe it's not the right time. But I think it's a little better to recommend bitcoin as a long-term investment asset instead of an altcoin, I mean the potential for bitcoin is still very large to provide returns for investors because halving will usually make bitcoin more expensive due to high demand.

But you should still tell them the risks involved so that they don't 100% believe what you say without considering the risks. Prices can still be corrected even though the halving is coming soon, meaning there is no guarantee that prices will continue to soar even though the halving is very close. The opportunity to profit remains, but the risks should not be ignored.

Right on point! This rollercoaster year for crypto continues, and 2024 may bring even more twists.  As Bitcoin's next halving approaches, many speculate it could push prices up.  Historically, halvings have meant new scarcity driving gains. 

however, preaching responsibility matters most.  Despite possible upside, risks always lurk with crypto.  Prices fluctuate, often violently.  Wise investors acknowledge volatility as part of the game bracing for corrections even amid runs. 

So, rather than making guarantees, we should encourage measured optimism.

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