Are you tempted to sell?

[Moreno233]

Since the bull market started last quarters of last year, we have seen more increase and minor retracements(often gradual retracement) but the last seven days have been very challenging for the Bitcoin market. The same period should be the first time in a long time that we are seeing Bitcoin price drop by 24%, a figure I consider a retracement. In the last 24hrs, Bitcoin have dropped over 12% in price which is the highest drop in price experienced in24hrs since last quarters of last year. The picture below is the data gotten from Coinmarketcap.



To the average investors, this can be very troubling as many will be considering to sell to avoid further depletion of their asset. But is this the right thing to do? Do you plan to sell now to avoid further loss?

Many people in some of the groups I know are thinking about converting to USDT to convert back to BTC after the rainfall stops but I don't thing this is a wise decision. Personally I have resolved to continue buying this time. What do you think?

[Ever-young]

To be honest, the market is very confusing to me right now. It's as if I made the wrong choice a few days ago for buying and adding more to my bag with the expectation of seeing a turn around in the market, when I could have just waited a little longer and bought now that the market is even going a bit deeper, which we can't even predict how dip the market will go this month. Not in a hurry to sell, but it's profiting to know when some will take advantage of a situation.

[Sexylizzy2813]

Is this going to be this worse or are we going to expect more dop in the market because it doesn't show any sign of dragging itself from this very amount ($50k) that we have it at the moment, talk about Bitcoin price, last time I checked it was $50k and since then I haven't seen Bitcoin price get to $51k, I think it will take a long while before we start seeing a step up to a positive price, maybe this week isn't a week to hope on that. This alone can kill the patience many have and in no time you see some selling other than having that hope of things turning around again, is just a matter of time for us to see who's going to let go.

[Mr.right85]

When it comes to Bitcoin, I’m never in a rush to sell, not even a fragment of my portfolio and it gets worst when Bitcoin dumps. I usually do cheated with the knowledge I have of it, knowing what I do know and yet go ahead to sell is alway an act of desperation and I often prepare myself not to allow things get to that level.
People might rush to sell now given that Bitcoin is quickly dumping but, don’t forget, the weekend is gone and the dump has been steep which means over sold, it could buy in any moment.

[letteredhub]

To be honest, the market is very confusing to me right now. It's as if I made the wrong choice a few days ago for buying and adding more to my bag with the expectation of seeing a turn around in the market, when I could have just waited a little longer and bought now that the market is even going a bit deeper, which we can't even predict how dip the market will go this month.

Welcome to the uncertainty nature of the bitcoin market. The market has always been unpredictable and at times there are decisions we may make and it would seem as though it was a mistake but the reaping for such decisions usually take effect in the long term. No need for the regret mate.

Not in a hurry to sell, but it's profiting to know when some will take advantage of a situation.

Yea it's profiting to but on the contrary getting to always know when to take advantage of the market would mean an increase in market manipulation, reducing the phenomenon of uncertainty and volatility of the bitcoin market to nothing.

[BITCOIN4X]

To the average investors, this can be very troubling as many will be considering to sell to avoid further depletion of their asset. But is this the right thing to do? Do you plan to sell now to avoid further loss?

No, absolutely not planning to sell now. It is not a wise choice to sell during a downturn, you have to stay strong mentally and whatever you have prepared beforehand. It is mandatory for every investor to have a reserve budget apart from investment, this clearly has many useful when the market is in a downward trend. You can accumulate when a major correction hits if you have a reserve budget, it will obviously help you a lot in the future.

Just stay calm and do whatever makes you happy if you can't accumulate. As long as you don't sell during a downturn, you don't lose anything, except your estimated assets in fiat. Don't be tempted to sell and take a loss on an investment that you hope will give you a return, remember, the market will recover once these people's panic attacks are over.

[fuguebtc]

To be honest, the market is very confusing to me right now. It's as if I made the wrong choice a few days ago for buying and adding more to my bag with the expectation of seeing a turn around in the market, when I could have just waited a little longer and bought now that the market is even going a bit deeper, which we can't even predict how dip the market will go this month. Not in a hurry to sell, but it's profiting to know when some will take advantage of a situation.

You were not wrong when you made the decision to buy Bitcoin a few days ago because bitcoin is unpredictable. If bitcoin suddenly skyrocketed to $80K today, you'd think you'd made a wise decision. Don't blame yourself every time you buy bitcoin at a high price or be too arrogant when buying at a low price because the market is unpredictable .  You should be satisfied with what you have and should have an investment plan instead of regretting short-term fluctuations .

Bitcoin is only down 10% today and 24% over the past week , which means you won't earn more bitcoin if you invest just a small amount . Meanwhile , if you bargain too much with the market, you could miss out on bigger profits if bitcoin goes up in price .

[Coin_trader]

To the average investors, this can be very troubling as many will be considering to sell to avoid further depletion of their asset. But is this the right thing to do? Do you plan to sell now to avoid further loss?

Many people in some of the groups I know are thinking about converting to USDT to convert back to BTC after the rainfall stops but I don't thing this is a wise decision. Personally I have resolved to continue buying this time. What do you think?

Actually, It’s human favorite mistake is the urge to sell when the market is dumping and buying when the market is pumping. I will not be surprised if many traders will sell on this terrible price action compared when the price is hovering near the peak since everyone is expecting to gain more when the market is positive.

I personally on DCA mode whenever Bitcoin price reach this kind of Fear level on price since I’m confident that there’s already a lot of potential buyer that is interested when the price gives an opportunity like this for a lower price entry.

Selling now isa absurd thing to do since the sell-off already done.

[FatFork]

Many people in some of the groups I know are thinking about converting to USDT to convert back to BTC after the rainfall stops but I don't thing this is a wise decision. Personally I have resolved to continue buying this time. What do you think?

When I see my portfolio tanking, sure, it makes my stomach drop.  But this isn't the first time, and it won't be the last.  Swapping everything over to tether and trying to time the market is a risky move.  You never know when things will turn back around.  Or if you'll end up buying back in at a higher price and 

For me, the red days are a chance to scoop up some deals.  Every dip gets me closer to my goals - maybe even an early retirement.  Whether to cut and run or hang on is your call.  Just don't let fear boss you around.  That's a quick way to get rekt.

[bitgolden]

Absolutely not, why would I be tempted to sell when the price is low, there is no way that I would sell when the price is low, that is exact opposite of what you should be doing, you should be trying to hold as much as you can, and even buy if you can. By logic, if you sell when it's low, then when are you going to buy? Think about it, what do you need when you want to make a profit?

You need to buy at X price and then sell it for higher than X right? Well if you sell when it's low, how are you going to do that? It means that during the times when the price is low, you should be trying to buy, because that means you are buying when it's low, and selling when it is high, that's how you make that improvement and can do better. But if you sell when it's low, you are going to wait for it to go even lower, and hope to buy at the right time and sell later when it goes back up.

I plan on no risk like that, it's a terrible idea, it's smarter to buy right now than sell, and you could be making some good profit thanks to that. I know that it is not going to be easy, but it can handle itself and we could make it work some other way. In the end, holding has always been the most profitable way of making money.

[Odusko]

To be honest, the market is very confusing to me right now. It's as if I made the wrong choice a few days ago for buying and adding more to my bag with the expectation of seeing a turn around in the market, when I could have just waited a little longer and bought now that the market is even going a bit deeper, which we can't even predict how dip the market will go this month. Not in a hurry to sell, but it's profiting to know when some will take advantage of a situation.

despite the fact that I already lose huge amount in dollars value in my bitcoin holding because of the recent market dump, I am still very active and unmoved with the whole thing and for sure I am not even thinking of selling any ofy bitcoin holdings, because I already understand how the market act most of the times and for sure it will recover back in no time, and since I did not lose any of my bitcoin amount but just it value in dollars it make no mess of my entire bitcoin holding, bit the same can not be said of a newbie who has no professional understandings of the bitcoin market and such are the weak hands who will rush to shake off they hand held bitcoin anytime there is a sudden bitcoin market movements.
So I won't blame anyone who will be tempted to sell at the current price because they may have lost the motivations to keep holding they bitcoin because of they short knowledge about bitcoin market reaction and how long it last when such happens.

[BABY SHOES]

To the average investors, this can be very troubling as many will be considering to sell to avoid further depletion of their asset. But is this the right thing to do? Do you plan to sell now to avoid further loss?

Many people in some of the groups I know are thinking about converting to USDT to convert back to BTC after the rainfall stops but I don't thing this is a wise decision. Personally I have resolved to continue buying this time. What do you think?

Are investors for the long term? Then there is no need to just survive at the current price there is no need to sell because this will pass later, if you think of selling now to secure assets so as not to go down it depends on the individual they are there to survive there are those who secure assets in fiat.

Actually everyone has a different view in making a profit or wanting to have their BTC back, there are people waiting for a decline so this is what is expected, there are those who are worried because they are anxious to see this they cutlose 30% more than deeper.

Better to hold on, keep accumulating and buying again and again.

[philipma1957]

I purchased more. Coin yesterday.

Got some under 50k

[EarnOnVictor]

To the average investors, this can be very troubling as many will be considering to sell to avoid further depletion of their asset. But is this the right thing to do? Do you plan to sell now to avoid further loss?

Bitcoin is the most reliable of all cryptocurrencies and judging by the past performances, it can't be so detrimental to leave your Bitcoin for as many years as possible. If it falls, it will soon rise again so far we have patience. I wouldn't even think twice about liquidating my Bitcoin portfolio now because of the huge decline in profits from the former gains and I am certain that before the end of the H2 in 2025, Bitcoin might have hit between $80,000 and $100,000 which is a better place to liquidate one's Bitcoin holdings.

Even at the current levels, it's senseless to liquidate it because it might have bottomed already and be getting ready to rise again.

Many people in some of the groups I know are thinking about converting to USDT to convert back to BTC after the rainfall stops but I don't thing this is a wise decision. Personally I have resolved to continue buying this time. What do you think?

I advise you not to follow the majority but your own plan, especially if you are good at speculating and management. And it sounds like a sensible plan to buy more Bitcoin now because it is less expensive than it was at the beginning of this year, and even in July.

[shinratensei_]

You only lose when you sell your coin, personally if i were someone who bought around $60k and price dumped like this, i'm not selling, bitcoin is too big too fail, so many big investment company are holding right now, why shouldn't I, but if you are having the intention to scalp the market and leverages on it, maybe it make sense to sell right now since price has recovered a bit and there maybe gonna be sideways for few days.

[tabas]

To the average investors, this can be very troubling as many will be considering to sell to avoid further depletion of their asset. But is this the right thing to do?

Of course not. I think that average investors understand now what it means to be holding. But everyone is free to cut their losses unless you're long term, you don't have be bothered with these situations of the market.

Do you plan to sell now to avoid further loss?

Nope, I'd sell in profit but if the market doesn't look good then I'd be buying more instead of selling. I'm preparing for the upcoming cycle that even though I may not be able to sell at the peak but at least close to it.

Many people in some of the groups I know are thinking about converting to USDT to convert back to BTC after the rainfall stops but I don't thing this is a wise decision. Personally I have resolved to continue buying this time. What do you think?

Well, just as what we're saying about cutting loss and accumulating more. Everyone is free to do what they think is going to work for them. So, saving the value of what they've got through converting into stable coins is fine but choose a better stablecoin than Tether.

[Ishicryptic]

Many people in some of the groups I know are thinking about converting to USDT to convert back to BTC after the rainfall stops but I don't thing this is a wise decision. Personally I have resolved to continue buying this time. What do you think?

Bitcoin is volatile and the knowledge of this is important for every hodler to know how it works, pump and dump is it's feature and the uniqueness is that over a long term the pump will be greater than the dump. Everybody that is investing in Bitcoin should have a long term plan, with this strategy they will not be bothered about selling when price starts to dip or consider converting it to stablecoins. Conversion into stablecoins should only be when the holder wants sale on the short term during dips so that if it continues to dip, the value of their Bitcoin will remain stable. This is why DCA is the best method to hodl Bitcoin, you won't be bothered about short term price pump and dump and speculations, you will just buy, hodl and wait as long as it takes for bull run.

[ultrloa]

I purchased more. Coin yesterday.

Got some under 50k

Now price of bitcoin reach at $55k again and got lucky also for deciding to accumulate while there's opportunity to do it when bitcoin is experiencing a dump.

The current recovery really tells  that its not really good to get panic on such dumps happening since if they ride with the fear of lots of people then the same with them they have huge chance to lose.

But if they believe that bitcoin will recover which usually really happen for many years they could also able to earn the same what other people who always see those dips as good chance to accumulate.

That's why "Buy the Rumour, Sell the News" is always relevant in this situation.

[Dave1]

No, I even didn't look at the price, Lol, although when I check it last night, I was surprised but I was not tempted to sell any. Although I wasn't able to buy as well, so I guess it's not like a normal day for me, didn't sell but didn't take advantage of the situation.

So good luck for those who have bought at the downturn, another great opportunity that might not come again. As the price has bounce back to $55k already. And for those who have waited and think that it might go down to $45k or lower, I guess you missed that opportunity because you are naive to buy as you are waiting for the price to still go down.

[CryptoBuds]

No, I even didn't look at the price, Lol, although when I check it last night, I was surprised but I was not tempted to sell any. Although I wasn't able to buy as well, so I guess it's not like a normal day for me, didn't sell but didn't take advantage of the situation.

So good luck for those who have bought at the downturn, another great opportunity that might not come again. As the price has bounce back to $55k already. And for those who have waited and think that it might go down to $45k or lower, I guess you missed that opportunity because you are naive to buy as you are waiting for the price to still go down.

Bitcoin increased by more than $5k when the US market opened and has maintained so far, and those who did not buy but waited for bitcoin to fall further yesterday will probably regret it somewhat. But bitcoin's recovery doesn't mean it won't continue to decline, we have no evidence for that. Like in July when bitcoin suddenly rose back above $70k and no one believed it would correct below $50k again, but it happened yesterday to everyone's surprise.
So there is no need to gloat or laugh at anyone for deciding not to buy yesterday because the future is unpredictable, bitcoin could go up from here or it could correct again. The market is still not stable so don't be too subjective.