Are you tempted to sell?

[virasog]

But if it is a short-term investment and that stop loss is in our original plan, we need to stick to the plan otherwise we may face larger losses.

For investments we should not put a stop loss, otherwise, it is obvious at that market will come down to eat our stops and then move up again without us  
Recently, we have seen how bitcoin came below 49K and then moved back up to 60K.  Millions of stop losses would have been hunted.  

Yes, you can put stop losses in short term trades but you should have something or large investment portfolio so you do not miss the big rally. Remember that trading with stop losses may earn you kitchen money but you can become a millionaire only by long term investments.

[uneng]

I hold every coins I can despite the downfalls in Bitcoin price. I just don't hold more because I have expenses which can't be ignored right now, so I have to be responsible. I can't keep all my satoshis intact right now, otherwise a crash may happen again and then I won't be able to pay my expenses. Anyway, I'm pretty confident Bitcoin will reach a new ATH by the end of 2024, so for those who can give themselves the luxury of holding all their coins, I think it's a good idea, because the reward for the patient ones must be gathered soon.

For those who are stressed and anxious I would recommend that they sell their coins if the current situation is being detrimental to their health. Health first in every cases...

[Justbillywitt]

Personally, in times of falling prices like the recent if anything I am tempted to buy more, not sell. And even more thinking that we are at the gates of a bull market. I guess that's why I have done well with investments in general, because I don't get carried away by emotions in the short term, like a typical novice retail investor who ends up getting fleeced.

The recent fall was one that left me with some regrets as I didn’t manage to buy (regret might be the world I don’t hope to use here but, it filled me). I had to watch the market dump all the way but eventually, had some really pressing need that required funding at the time. How else do you see Bitcoin dump to $51k and you not buy. Once this dump was about the $50k up, it didn’t take long for price to rally right back up to $56k - $60k.
Just another proof that panic selling does no good to the persons that uses this approach to their investment.

That's what procastination does, it also one of the reason why waiting for more dip to buy more bitcoin is not usually encouraged, because one might end up missing out on buying bitcoin. That's why buying bitcoin now has always been the best thing to do. Believe me if you had bought bitcoin at that time you saw it when the market was dumping, you would have made some profit when it got back up to $60k. Another thing to do to avoid something like this from happening in the future, is by making provision for emergency funds. If you had emergency funds in place, it is from there that you would have taken money and solve the pressing need that came up. You wouldn't have missed out buying the bitcoin.

[OgNasty]

I don’t think I will be tempted to sell again until we hit $85K or I go broke. In both cases it isn’t a certainty but that’s when the temptation would creep in. I guess my job is to make sure that I don’t go broke and when Bitcoin hits $85K to remember that my goal is to be free, not rich.

[betswift]

I don’t think I will be tempted to sell again until we hit $85K or I go broke. In both cases it isn’t a certainty but that’s when the temptation would creep in. I guess my job is to make sure that I don’t go broke and when Bitcoin hits $85K to remember that my goal is to be free, not rich.

You are right, BTC from 85 to $100k would be a good time to be tempted for sure For me - as well.

[jaberwock]

Bitcoin is volatile, Bitcoin's nature is to fluctuate. If it drops now there is no need to worry, because it will definitely pump. Bitcoin has been doing this since its inception, every time it goes down it goes back up, and this is the biggest folly of all those who panic sell when the price drops. And those fools have to first set their goals, they have to make the final decision that no matter how low the price goes, they just have to buy and hold. Can't even think about selling, they just have to buy, and for that they absolutely need DCA. DCA is the best method to invest and hold for long term. and you need to invest money that you can keep for a long time. Whatever the price, if the price is too high, you should buy, and if the price is too low, you will be attracted to buy more. Only then you can get something good.

When it drops it needs to recover first before it pumps up. A recovery is still a good thing though and this can still make someone feel happy and relieved. At first, I think Bitcoin's nature was only decentralized because there are only less people involved in Bitcoin back in time, so its price have only merely moving. Time flies so fast and there are now lots of changes that happened in Bitcoin. There are now lots of centralized services around. I think this is the reason on why people like you can say that the nature of Bitcoin is mainly to fluctuate and the decentralization feature is not really that highlighted anymore.

Those who panic sell might also have their own goals but some of it may not be right, so they only need to correct them because those are the ones who can improve their lives. I know they want this too. Not all have the budget to keep on buying even if the price is dropping but them keeps on holding what they already have is already a big and good thing to do. DCA is popular now and that is not possible if only less people are doing it but for those less people who don't do it, they think that buying at the dip is still the best buying method.

[Oilacris]

I don’t think I will be tempted to sell again until we hit $85K or I go broke. In both cases it isn’t a certainty but that’s when the temptation would creep in. I guess my job is to make sure that I don’t go broke and when Bitcoin hits $85K to remember that my goal is to be free, not rich.

You are right, BTC from 85 to $100k would be a good time to be tempted for sure For me - as well.

Well we do have our own selling points or targets on which it would really be just that normal that you would really be selling out into those points specially if you had bought up yourself into the lower price
then it would really be common sense that you would really be securing your profits no matter what. It would really be none others business if you would really be trying out to make yourself on having those selling points. The key on here is that you do really know on what you are doing. Speaking about selling out and getting tempted on the moment that the market would really be having some crash?
This is something that will really be just that common because on the time that you do find yourself panicking then you would be having this kind of bad actions. On the moment that you do find yourself
having that kind of impulsive emotions or approach on things then this is where shit things do happen. This is why it would be better that you should hold your position.

[betswift]

I don’t think I will be tempted to sell again until we hit $85K or I go broke. In both cases it isn’t a certainty but that’s when the temptation would creep in. I guess my job is to make sure that I don’t go broke and when Bitcoin hits $85K to remember that my goal is to be free, not rich.

You are right, BTC from 85 to $100k would be a good time to be tempted for sure For me - as well.

Well we do have our own selling points or targets on which it would really be just that normal that you would really be selling out into those points specially if you had bought up yourself into the lower price
then it would really be common sense that you would really be securing your profits no matter what. It would really be none others business if you would really be trying out to make yourself on having those selling points. The key on here is that you do really know on what you are doing. Speaking about selling out and getting tempted on the moment that the market would really be having some crash?
This is something that will really be just that common because on the time that you do find yourself panicking then you would be having this kind of bad actions. On the moment that you do find yourself
having that kind of impulsive emotions or approach on things then this is where shit things do happen. This is why it would be better that you should hold your position.

Sticking to a plan would be a solution - even if the waves come and the ocean moves, it's going to become calm once again.

[Lanatsa]

I don’t think I will be tempted to sell again until we hit $85K or I go broke. In both cases it isn’t a certainty but that’s when the temptation would creep in. I guess my job is to make sure that I don’t go broke and when Bitcoin hits $85K to remember that my goal is to be free, not rich.

You are right, BTC from 85 to $100k would be a good time to be tempted for sure For me - as well.

Well we do have our own selling points or targets on which it would really be just that normal that you would really be selling out into those points specially if you had bought up yourself into the lower price
then it would really be common sense that you would really be securing your profits no matter what. It would really be none others business if you would really be trying out to make yourself on having those selling points. The key on here is that you do really know on what you are doing. Speaking about selling out and getting tempted on the moment that the market would really be having some crash?
This is something that will really be just that common because on the time that you do find yourself panicking then you would be having this kind of bad actions. On the moment that you do find yourself
having that kind of impulsive emotions or approach on things then this is where shit things do happen. This is why it would be better that you should hold your position.

Sticking to a plan would be a solution - even if the waves come and the ocean moves, it's going to become calm once again.

Easy to say but when you are already on such condition that you are been that experiencing tons of failures and loses then it will really be just that a normal approach that you would really be that
having those kind of stir up mind and on which it would be causing to make yourself that being highly reactive on which it could cause into those sudden decisions to be made and the worst that there are
those analysis that you are really that applying into it. This is why self moderation and control towards your actions will really be that recommended specially on dealing up with a volatile space.
Sticking into our plan is really that recommended but on the moment that you've seen that conditions becomes worst then you would really be always having that plan B or even C or further.

Just like on others been saying above that there would really be those moments or conditions that you would be panicking and would be selling out just because you do avoid
on further loses on which havent that been able to realize that it is really just that a paper loss and its not something completely realized. As long you are holding then
chances or tendency of recovery is there. We cant really just that a dumping market forever.

[Fredomago]

I don’t think I will be tempted to sell again until we hit $85K or I go broke. In both cases it isn’t a certainty but that’s when the temptation would creep in. I guess my job is to make sure that I don’t go broke and when Bitcoin hits $85K to remember that my goal is to be free, not rich.

You are right, BTC from 85 to $100k would be a good time to be tempted for sure For me - as well.

Well we do have our own selling points or targets on which it would really be just that normal that you would really be selling out into those points specially if you had bought up yourself into the lower price
then it would really be common sense that you would really be securing your profits no matter what. It would really be none others business if you would really be trying out to make yourself on having those selling points. The key on here is that you do really know on what you are doing. Speaking about selling out and getting tempted on the moment that the market would really be having some crash?
This is something that will really be just that common because on the time that you do find yourself panicking then you would be having this kind of bad actions. On the moment that you do find yourself
having that kind of impulsive emotions or approach on things then this is where shit things do happen. This is why it would be better that you should hold your position.

If you don't have any other back up plans then it's  really something that will affect you once the market bounce back, though there are traders who can work and play well with the fluctuation but not everyone is good on it, most of the time those who neglects their actions are the one who regret and really getting frustrated when the market bounce back strongly.

You need to work with your knowledge and decide when you already done doing your research, it's not advisable to quickly react as it will lead you losing your investment.

[betswift]

I don’t think I will be tempted to sell again until we hit $85K or I go broke. In both cases it isn’t a certainty but that’s when the temptation would creep in. I guess my job is to make sure that I don’t go broke and when Bitcoin hits $85K to remember that my goal is to be free, not rich.

You are right, BTC from 85 to $100k would be a good time to be tempted for sure For me - as well.

Well we do have our own selling points or targets on which it would really be just that normal that you would really be selling out into those points specially if you had bought up yourself into the lower price
then it would really be common sense that you would really be securing your profits no matter what. It would really be none others business if you would really be trying out to make yourself on having those selling points. The key on here is that you do really know on what you are doing. Speaking about selling out and getting tempted on the moment that the market would really be having some crash?
This is something that will really be just that common because on the time that you do find yourself panicking then you would be having this kind of bad actions. On the moment that you do find yourself
having that kind of impulsive emotions or approach on things then this is where shit things do happen. This is why it would be better that you should hold your position.

If you don't have any other back up plans then it's  really something that will affect you once the market bounce back, though there are traders who can work and play well with the fluctuation but not everyone is good on it, most of the time those who neglects their actions are the one who regret and really getting frustrated when the market bounce back strongly.

You need to work with your knowledge and decide when you already done doing your research, it's not advisable to quickly react as it will lead you losing your investment.

I agree. Research is really important here, but not everybody is good at fluctuating market, it's for people who understand the risks and can twist them, changing it into a prize for their confidence and knowledge. That's my opinion.

[doomloop]

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.

One of the most difficult things in trading is when you buy a coin and you are making a small profit, but you can't stop yourself from selling and holding the coin until it goes higher. You have set a target where you have to sell, and sometimes it also has a disadvantage that the market is going up and you are getting a little bit of profit, but suddenly the market goes down a little bit and the little bit of profit that you were getting is gone. From where you bought the coin, it goes back to the market and goes back to the same place.

If you hold it, you will get a big profit at the same time, but you will miss out on small profits. They say that to get something big, you have to sacrifice something small, in the same way, to get more profit, you have to give up a little profit. These are the rules of the market and the one who learns all these rules and tricks becomes a successful trader.

[GIF-JOBS]

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.

One of the most difficult things in trading is when you buy a coin and you are making a small profit, but you can't stop yourself from selling and holding the coin until it goes higher. You have set a target where you have to sell, and sometimes it also has a disadvantage that the market is going up and you are getting a little bit of profit, but suddenly the market goes down a little bit and the little bit of profit that you were getting is gone. From where you bought the coin, it goes back to the market and goes back to the same place.

If you hold it, you will get a big profit at the same time, but you will miss out on small profits. They say that to get something big, you have to sacrifice something small, in the same way, to get more profit, you have to give up a little profit. These are the rules of the market and the one who learns all these rules and tricks becomes a successful trader.

You have to hold on. You should focus on buying more when the market goes down. Because the market will not always be down, the market will definitely go up, but then you have to move towards investing during the dump so that you get good profit. And always invest using DCA, because DCA is the best investment strategy. Investing in DCA gives you an average value of your investment, which increases the profit margin after long time holding.

[Churchillvv]

I hold every coins I can despite the downfalls in Bitcoin price. I just don't hold more because I have expenses which can't be ignored right now, so I have to be responsible. I can't keep all my satoshis intact right now, otherwise a crash may happen again and then I won't be able to pay my expenses. Anyway, I'm pretty confident Bitcoin will reach a new ATH by the end of 2024, so for those who can give themselves the luxury of holding all their coins, I think it's a good idea, because the reward for the patient ones must be gathered soon.

For those who are stressed and anxious I would recommend that they sell their coins if the current situation is being detrimental to their health. Health first in every cases...

Apparently, you made a mistake while considering your investment in bitcoin not just bitcoin but it's a general rule that one must obey in order to hold tight to their investments. You sold part of your bitcoin for save yourself from some certain problems that you would have avoided if only you obeyed the rule of having an emergency fund or reserved funds that would have saved you from unforeseen circumstances like you have experienced.
Even in the biggest dips of bitcoin one with a strategic idea would be buy instead of selling, but perhaps everyone have their own personal life's which I respect but always have this mindset of checking out the rules guiding whatever ever you are dealing with.

For the most part I wouldn't recommend selling as an option for anyone rather they should restrategize and made better decisions than selling their little holdings.

[STT]

I wouldn't sell now or at 85k, in fact I would guess or hope I would be less apprehensive at 85k because we are free and clear of any prior volume at that point.    Its possible now to draw a negative conclusion, I dont agree with that conclusion but some might as we remain below prior highs.

If the old ATH or any price near that was going to act a solid ceiling or bar to further gains we'd already have dropped far harder then any selling seen this year.

What I do see is inconclusive to me, we got a peak volume and decline till now.  We also have an expanding formation between the peak and lowest prices, I need to study what that formation may lead us into a sequence of.  I assume higher volatility will occur as we make a break of range.

[Aanuoluwatofunmi]

For those that are into trades, there is this crucial aspect many don't pay attention to when the market price is getting more volatile and by this time, you will discover that you are seeing the current move showing a sentiment that the market is rising and that is what you also discover from the price chart with some of the indications, but after some minutes, the whole thing will then change and everything turned the opposite, then you begin to see the drop of the market from with a new indication showing bearish, so if a market rises, we shouldn't concluded yet for bullish until it was sustained, because it may be an indication for bear.

[JeffBrad12]

Personally, in times of falling prices like the recent if anything I am tempted to buy more, not sell. And even more thinking that we are at the gates of a bull market. I guess that's why I have done well with investments in general, because I don't get carried away by emotions in the short term, like a typical novice retail investor who ends up getting fleeced.

can't deny that getting influenced by emotion in our trade when we are trading short term is a real though and it's definitely the reason why many people lose in short term trading, the fact that short term trading requires monitoring 24/7 means we'll more likely get affected psychologically by the price action and therefore creating weak decision in the trade.

what I find interesting in polishing my strategy is, if I want to trade short term and with leverage, I will just setup TP/SL accordingly and I will go to sleep LOL. hoping it won't hit SL but it helps me not get affected emotionally.

[Marvell1]

But if it is a short-term investment and that stop loss is in our original plan, we need to stick to the plan otherwise we may face larger losses.

For investments we should not put a stop loss, otherwise, it is obvious at that market will come down to eat our stops and then move up again without us  
Recently, we have seen how bitcoin came below 49K and then moved back up to 60K.  Millions of stop losses would have been hunted.  

Don't get me wrong, I am referring to day trading and we need to follow the principle of take profit and stop loss in trading.
Bitcoin falling to $49k and suddenly rising to $60k is unpredictable and that is why it is much more difficult to make profits from trading and many people do not like trading.

Yes, you can put stop losses in short term trades but you should have something or large investment portfolio so you do not miss the big rally. Remember that trading with stop losses may earn you kitchen money but you can become a millionaire only by long term investments.

I am a long-term investor so I will support long-term holding, but each person has their own choice, whoever likes to trade is their right and we should not impose our thoughts on them. Also, if everyone only held long term and no one became a trader, do you think this market would still exist? Therefore, whether to trade or invest long-term is up to each person's choice.

[Fredomago]

For those that are into trades, there is this crucial aspect many don't pay attention to when the market price is getting more volatile and by this time, you will discover that you are seeing the current move showing a sentiment that the market is rising and that is what you also discover from the price chart with some of the indications, but after some minutes, the whole thing will then change and everything turned the opposite, then you begin to see the drop of the market from with a new indication showing bearish, so if a market rises, we shouldn't concluded yet for bullish until it was sustained, because it may be an indication for bear.

That's how you need to understand the market, as it can move quickly just by the glimpse of eyes, you need the right anticipation and timing to avoid making mistake when buying or selling your assets, especially when fluctuation is so active, there are many aspects and factors that you need to review and another factor that will affect things out is your experienced, you'll be able to decide correctly when you deeply know what you are doing.

[$weetne$$]

For those that are into trades, there is this crucial aspect many don't pay attention to when the market price is getting more volatile and by this time, you will discover that you are seeing the current move showing a sentiment that the market is rising and that is what you also discover from the price chart with some of the indications, but after some minutes, the whole thing will then change and everything turned the opposite, then you begin to see the drop of the market from with a new indication showing bearish, so if a market rises, we shouldn't concluded yet for bullish until it was sustained, because it may be an indication for bear.

Before anyone decide to start trading they should have already have a plan they intend on using and not to rely on following the market movement because the market can deceive them. The dip of the market should not tempt any trader to sell unless they have confirmed that the market is going to fall more than it fell from reading the market charts. Why they have to do this this is because bear traps happens alot in the market which is when you think the market is going to continue falling but after you sell, the market starts to recover and cryptocurrency recover very fast therefore there is no point selling just because the market is dipping. A more better approach to the market during this time is to hodl and accumulate more Bitcoin in anticipation for when the market recovers.