Are you tempted to sell?

[Coyster]

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?

I don't plan to sell, but i know that there are people that have different plans and if think they cannot handle the drop and they have to either sell or move to USDT for the meantime, then by all means they should do so, but i personally would not do that.

I have seen this drops happen quite a lot of times over the years to be worried about it. Instead of worrying, i try to accumulate more, but i am not stupid not to know that some people cannot handle drops like this, either because they are newbies or they bought with money they cannot leave in the network for a long time, so they should do what they think is best for them.

[Orpichukwu]

Long-term investors are not concerned about the 12.58% drop in 24h and 24.04% drop in 7d. In my opinion, the ones who will feel the concentration is disturbed are the day traders.

Day traders Future traders are the ones who are more affected by this unexpected bitcoin price drop, as they were not expecting it to happen. Most of them will sell out of panic because the plan was never to hold for a long period of time, but those who are buying to hold for a long period of time will not be tempted to sell any single unit of their holding during this period. In fact, that might even be taken the other way around, buying more instead of selling what they have at a cheap price.

[STT]

Actually the opposite is more true, Im afraid not to buy.   Ideally I want the low price when buying but the big mistake is waiting too long and this could be one of those times.   Wall of worry they call it where the price while fear is apparent BTC is secretly far more bullish then people believe at the time .

Aug 5th is some distance about 6k, not massive but I'm guessing for now we are possible in journeying back to that point.  It might be a winding road or it could be a fall but I doubt its quite the same sharp push downwards.   Alot matters here, if we find this sub 58k area (78.6% Fib level of old ATH) as some resistance & some ceiling to movements then a revisit of 50k area is fair to occur.   If we beat this level then it might never be this negative again like ever, imagine not buying then and wasting time on this sell question;  it can be quite opposite.

[adultcrypto]

Selling now is like wasting the coins because this kind of drop in price is something that happens often and those that have been in bitcoin for long can confirm that. The worst thing any investor can do is to yield to the temptation of selling in such situation even though he might have bought at lower prices and in good profits even with the drop in price. Furthermore, we are in a time where there are several positive indices lined up to support bullish move for bitcoin so now is what I see as a time to buy more or HODL rather than to think about selling.

[Farma]

Selling now is like wasting the coins because this kind of drop in price is something that happens often and those that have been in bitcoin for long can confirm that. The worst thing any investor can do is to yield to the temptation of selling in such situation even though he might have bought at lower prices and in good profits even with the drop in price. Furthermore, we are in a time where there are several positive indices lined up to support bullish move for bitcoin so now is what I see as a time to buy more or HODL rather than to think about selling.

When market conditions are declining, of course, it is not the right choice to sell, even though we do not suffer losses if we choose to sell it, but on the other hand, if we really need funds and do not have a way to get it, then we can choose to sell some of the assets we have and continue to survive until we reach the target we want from the plan that we have made before starting to invest.
You are right that currently it will be very good for investors to buy it and stick with the assets they have collected and if indeed someone has funds that can be used to increase their assets of course now is very good to be able to make a profit in the future.

[Xcode7]

Selling now is like wasting the coins because this kind of drop in price is something that happens often and those that have been in bitcoin for long can confirm that. The worst thing any investor can do is to yield to the temptation of selling in such situation even though he might have bought at lower prices and in good profits even with the drop in price. Furthermore, we are in a time where there are several positive indices lined up to support bullish move for bitcoin so now is what I see as a time to buy more or HODL rather than to think about selling.

When market conditions are declining, of course, it is not the right choice to sell, even though we do not suffer losses if we choose to sell it, but on the other hand, if we really need funds and do not have a way to get it, then we can choose to sell some of the assets we have and continue to survive until we reach the target we want from the plan that we have made before starting to invest.
You are right that currently it will be very good for investors to buy it and stick with the assets they have collected and if indeed someone has funds that can be used to increase their assets of course now is very good to be able to make a profit in the future.

If there are other urgent needs, maybe we have no other choice, regardless, but I think now there are no more investors or traders who sell because of panic because the market movement up and down is a common thing, so there is no reason to panic.
And about selling, I think we all have a plan from the start and if we haven't met it, I don't think we should sell for any reason.

[CageMabok]

If there are other urgent needs, maybe we have no other choice, regardless, but I think now there are no more investors or traders who sell because of panic because the market movement up and down is a common thing, so there is no reason to panic.
And about selling, I think we all have a plan from the start and if we haven't met it, I don't think we should sell for any reason.

All traders and investors do have two mature plans in seeking profit through Bitcoin, because when the initial plan has gone very well when buying Bitcoin at a price they like, of course the next plan is to set a selling price with the profit target they want and that will of course vary greatly from person to person. Although investors also often take advantage of the moment of price drops to buy again even though what they previously bought has not been sold because it has not reached the price level they want.

[Kemarit]

If there are other urgent needs, maybe we have no other choice, regardless, but I think now there are no more investors or traders who sell because of panic because the market movement up and down is a common thing, so there is no reason to panic.
And about selling, I think we all have a plan from the start and if we haven't met it, I don't think we should sell for any reason.

All traders and investors do have two mature plans in seeking profit through Bitcoin, because when the initial plan has gone very well when buying Bitcoin at a price they like, of course the next plan is to set a selling price with the profit target they want and that will of course vary greatly from person to person. Although investors also often take advantage of the moment of price drops to buy again even though what they previously bought has not been sold because it has not reached the price level they want.

It could be but the questions could be address to those newbies in the market, as one of time during our journey in Bitcoin, we might feel nervous as we really don't know what is going on in the market, except that it keeps going down and the best thing do to that time is to sell.

Nevertheless, as we mature enough, we might have different approach, we could be (a), don't really care about the price movement as we seldom check the price, or (b), very happy to see the price going down and then buy more and continue to accumulate and DCA, or worst (c) we wanted to do something and buy but we don't have the capital, in short, wrong timing for the market to dip.

[Fredomago]

If there are other urgent needs, maybe we have no other choice, regardless, but I think now there are no more investors or traders who sell because of panic because the market movement up and down is a common thing, so there is no reason to panic.
And about selling, I think we all have a plan from the start and if we haven't met it, I don't think we should sell for any reason.

All traders and investors do have two mature plans in seeking profit through Bitcoin, because when the initial plan has gone very well when buying Bitcoin at a price they like, of course the next plan is to set a selling price with the profit target they want and that will of course vary greatly from person to person. Although investors also often take advantage of the moment of price drops to buy again even though what they previously bought has not been sold because it has not reached the price level they want.

That volatility inside the market is something that traders are really taking advantage so they can position and get the best out from their investment, the concept of buying and holding either long or short there are different kinds of setup that depends from how good and deep the understanding that they've got from this business.

It's tough to keep monitoring the movements especially when the direction is not favoring your position, and for sure there are times that even experienced traders thinks about selling and unloading their baskets.

[justdimin]

It could be but the questions could be address to those newbies in the market, as one of time during our journey in Bitcoin, we might feel nervous as we really don't know what is going on in the market, except that it keeps going down and the best thing do to that time is to sell.

Nevertheless, as we mature enough, we might have different approach, we could be (a), don't really care about the price movement as we seldom check the price, or (b), very happy to see the price going down and then buy more and continue to accumulate and DCA, or worst (c) we wanted to do something and buy but we don't have the capital, in short, wrong timing for the market to dip.

I do agree that many options are available and I agree that we are going to change as a person when we grow older and that means we are going to change as an investor as well. If everything about us is changing, it's unfair to expect our trading ability or desires to stay the same, we could be one way at first but grow to be another way eventually. Like during my 20's I was more encouraged to take bigger risks, with naivete of the youth, and the ability to recover from bad debts because I am young, I took more risks, did more leverage, and basically traded like crazy.

Now that I am much older, I end up with just long term holding, it allows me to have easier navigation in life because I do not worry about big drops or zeros or huge returns, I know that I will get richer eventually and any drops in the market like we see these days do not matter to me, because in a year I know that everyone will forget about this, and nobody will be even as simple as still talking about it. We talk about entire years, like 2021 was good and 2022 was bad, but nobody talks what happened in 2021 April or 2022 march, there were big ups and big downs then, but people talk about just the dates instead.

[milewilda]

It could be but the questions could be address to those newbies in the market, as one of time during our journey in Bitcoin, we might feel nervous as we really don't know what is going on in the market, except that it keeps going down and the best thing do to that time is to sell.

Nevertheless, as we mature enough, we might have different approach, we could be (a), don't really care about the price movement as we seldom check the price, or (b), very happy to see the price going down and then buy more and continue to accumulate and DCA, or worst (c) we wanted to do something and buy but we don't have the capital, in short, wrong timing for the market to dip.

I do agree that many options are available and I agree that we are going to change as a person when we grow older and that means we are going to change as an investor as well. If everything about us is changing, it's unfair to expect our trading ability or desires to stay the same, we could be one way at first but grow to be another way eventually. Like during my 20's I was more encouraged to take bigger risks, with naivete of the youth, and the ability to recover from bad debts because I am young, I took more risks, did more leverage, and basically traded like crazy.

Now that I am much older, I end up with just long term holding, it allows me to have easier navigation in life because I do not worry about big drops or zeros or huge returns, I know that I will get richer eventually and any drops in the market like we see these days do not matter to me, because in a year I know that everyone will forget about this, and nobody will be even as simple as still talking about it. We talk about entire years, like 2021 was good and 2022 was bad, but nobody talks what happened in 2021 April or 2022 march, there were big ups and big downs then, but people talk about just the dates instead.

Everyone would really be that changing on which of course it would really be that depending into someones realization on which not all would really be having that kind of approach on things but rather they do really go into that opposite path. Tempted to sell when the market is really that  going down or having some crash? Who would really be the ones on their right minds on doing that? Why they havent been able to consider on doing so when the market is really that going upward on which it would be understandable?. As for those kind of impulsive feelings or emotions then it would really be just that normal on having those kind of feeling because we are just that humans and we do hate up on losing money so it would really be understandable that you would really be having those kind of temptation to sell.

If you do sell out then you would really be losing totally not in compared on the time that you do hold up your position and also even having that kind of consideration on making some DCA.
Each person though does have their own different decisions when it comes into this kind of decision and only to those who are new into this market are the ones who do make out decisions
about having that kind of cutting loses as if this market wont really be making some recovery afterwards. It is really just that a mistake that you would really be making
on the time that you would be making out such decision.

[Natalim]

If there are other urgent needs, maybe we have no other choice, regardless, but I think now there are no more investors or traders who sell because of panic because the market movement up and down is a common thing, so there is no reason to panic.
And about selling, I think we all have a plan from the start and if we haven't met it, I don't think we should sell for any reason.

All traders and investors do have two mature plans in seeking profit through Bitcoin, because when the initial plan has gone very well when buying Bitcoin at a price they like, of course the next plan is to set a selling price with the profit target they want and that will of course vary greatly from person to person. Although investors also often take advantage of the moment of price drops to buy again even though what they previously bought has not been sold because it has not reached the price level they want.

While others are panicking thinking to sell to cut their losses, wise investors keep taking advantage through buying while the price has dropped drastically, and I do believe this is a very smart idea knowing the fact that bitcoin will eventually grow its value after some time.

Buying bitcoin and selling in times like this will always put us at a loss, except for emergency instances. But it's actually useless investing in bitcoin and selling at an even lower position, that indeed a waste of time and money.

[Tmoonz]

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 have rightly said, it is very important taken advantage of various situations where and when necessary perhaps not taking any drastic or hesitant decision will be better, it shouldn't be a wrong choice for you adding more to your bag which is meant to be the goal considering the fact that the higher the size of your holding along side with how long you were able to hold determine how much of the profit you will become of. Note it is normal to be tempted to sell but there is always a victory when a temptation is overcome, everything boils down to how much of personal conviction we have towards our asset.

[BITCOIN4X]

~Snip

You have rightly said, it is very important taken advantage of various situations where and when necessary perhaps not taking any drastic or hesitant decision will be better, it shouldn't be a wrong choice for you adding more to your bag which is meant to be the goal considering the fact that the higher the size of your holding along side with how long you were able to hold determine how much of the profit you will become of. Note it is normal to be tempted to sell but there is always a victory when a temptation is overcome, everything boils down to how much of personal conviction we have towards our asset.

You don't have to hold an investment asset forever without considering selling when your target is reached, but selling on a downturn is a bad choice. Even if you still keep a few percent of the profit from the initial investment value, selling during a correction should be avoided. This advice is useful for you and others if you want to get returns, but you will have to wait longer to get returns if you don't accumulate during the price correction.

If you have a budget, then accumulate during corrections. Although I do not guarantee your profits, this approach allows you to generate returns faster than before when the market recovers. Taking advantage of volatile markets is desirable, but only if you have the budget.

[Issa56]

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?

If you really understand what bitcoin investment is all about, then you shouldn’t be disturbed by the current dump in the market as long as you are holding it for a long time. We should know a dump is normal in the market, and when we see a bear, then we should take advantage and accumulate more coin, and not to panic and sell at a loss. Anyone who has been in the market for some time should understand this and shouldn’t even think of selling when there is a dip. The only people that I know who are supposed to panic are those who are just joining the crypto space, and they haven’t experienced something like this before.

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?

Immediately, some of them decide to sell, bitcoin might change its movement and start to bounce back, which they have already sold low. Most of them will start buying when the price has already gone up, which is not really a smart move. When there is a dip, we are not supposed to panic, just make use of the opportunity and accumulate more bitcoin.

[SOKO-DEKE]

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?

It is not easy for someone to see themselves losing money in the crypto industry and not be tempted to sell. However, it due to proper knowledge that makes some many experienced investors to believe the market will surely recover. Otherwise, many people would have sold their coins during the recent dip in the market, where the price significantly fell within just a few hours. This caused many investors to panic, as many have not experienced this kind of price dip in such a short time before. In fact, some have sold and are now regretting it, thinking there would be a further dip so they could buy later.

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?

Lack of proper knowledge of Bitcoin can easily cause investors to take wrong decisions. Some investors have already taken the decision and it has been a regret for them now because to buy back it will not be easy them again. but for those with proper knowledge, I believe they will never think of taking that kind of decision of converting their Bitcoin to usdt and trying to buy later because they are aware that Bitcoin is something nobody can actually predict and the price can change at any time, and once you know that the price can always change at any time, why would someone panic and think of selling?

[stomachgrowls]

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?

It is not easy for someone to see themselves losing money in the crypto industry and not be tempted to sell. However, it due to proper knowledge that makes some many experienced investors to believe the market will surely recover. Otherwise, many people would have sold their coins during the recent dip in the market, where the price significantly fell within just a few hours. This caused many investors to panic, as many have not experienced this kind of price dip in such a short time before. In fact, some have sold and are now regretting it, thinking there would be a further dip so they could buy later.

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?

Lack of proper knowledge of Bitcoin can easily cause investors to take wrong decisions. Some investors have already taken the decision and it has been a regret for them now because to buy back it will not be easy them again. but for those with proper knowledge, I believe they will never think of taking that kind of decision of converting their Bitcoin to usdt and trying to buy later because they are aware that Bitcoin is something nobody can actually predict and the price can change at any time, and once you know that the price can always change at any time, why would someone panic and think of selling?

Its never been easy and you would really be having that kind of itchy feeling on the time that you would really be that seeing your portfolio is really that on huge negative or keeps on going down and down on which
the primary thing that would come up into your mind is on how you would really be that making yourself that be able to stop those loses? For sure your main priority is to cut loses and would be buying back into the bottom on which it is really that looked or sound a viable solution? No its not and you are really just that making the situation gets more worst. Profit is really that highly be affected on the time that you do make up CL.
It would really be rather better that you should have made out some DCA on the time that the market would really be crashing. Temptations on cutting loses is really that normal since we are just humans and we are emotional being but doesnt mean that you would really be not be able to control it out.

This is why you could really be able to tell for sometime that having that experience would really be something a measure on how a certain individual would really be reacting with these kind of
normal market conditions and the reactions that they are making. If you do found yourself having those issuse then you are really that prone into those bad actions or decisions to be made on.

[Dailyscript]

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 have rightly said, it is very important taken advantage of various situations where and when necessary perhaps not taking any drastic or hesitant decision will be better, it shouldn't be a wrong choice for you adding more to your bag which is meant to be the goal considering the fact that the higher the size of your holding along side with how long you were able to hold determine how much of the profit you will become of. Note it is normal to be tempted to sell but there is always a victory when a temptation is overcome, everything boils down to how much of personal conviction we have towards our asset.

I wonder which strategy is being deployed by this user while accumulating because he sounds regretful on why he had bought earlier than he did which is just what we get to see in the market as long it still retains it's volatile nature. We can purchase right now at $57k and in the next 7 hours the price might drop down to $50k and I believe no questions should be asked why buy too early. This is why the DCA is better, one might get lucky purchasing at the moment the price drops below the usual and if not then keep holding, definitely get to see a bull season.

[stadus]

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?

I don't plan to sell, but i know that there are people that have different plans and if think they cannot handle the drop and they have to either sell or move to USDT for the meantime, then by all means they should do so, but i personally would not do that.

I have seen this drops happen quite a lot of times over the years to be worried about it. Instead of worrying, i try to accumulate more, but i am not stupid not to know that some people cannot handle drops like this, either because they are newbies or they bought with money they cannot leave in the network for a long time, so they should do what they think is best for them.

This is the exact reason why people should not be investing in bitcoin if they can't handle risk management, because clearly they won't be profitable with their own investments but will certainly lose in the end.Weak hands should not be investing in bitcoin, and the more they become slave of their emotions, the bigger the chances they will consistently lose with their investment. I just hope selling wouldn't be their last option but hodling.

[STT]

Its quite ironic now that we are positive on the weekly average.   BTC seemingly is stronger in momentum then it was a week ago despite the sell off its recovered all the apparent losses.   Im still thinking more volume is required in this patch up to really hold strong but Im told by more the experienced traders that volume isnt always what matters especially in the shorter term time frames.  I do think we take more time to really resolve higher but the volume could come later also.

Positive above the 2 day average and 8 but price rose upto the 50 day average and declined to advanced. Its also quite notable that the 200 day average lies in nearly exactly the same place now, we're at that cross roads.   I only judge it as momentum but to some its a determiner of direction for the rest of the year.   I believe we remain range bound between 70k and 50k and because we repeated it so often I dont want to bet against that continuing.