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Author Topic: Are you tempted to sell?  (Read 1788 times)
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September 26, 2024, 01:32:51 PM
 #161

Now is really not the time to sell as we could definitely break up from here however its not certain or sealed and some might sell over the next period of uncertainty.



The top level or line of resistance I drew here is simply the peak prices in August.  Why that matters now is part of a sequence of lower highs each month going back to March.  [lower high = decline]

If we break past 65k area it will lead to a new pattern in the BTC price action I hope.   Of course these are hopes and dreams, I could be speculating wrongly or seeing things which are not there.   Consensus is important to movement and magnitude of a build upwards.

Myself personally if we break this level I will start to be alot more positive about future development in the pricing.  In any case now is not the time to sell, blue line is a weekly average you can see the trend is upwards.

   In the last 24hrs we failed in a break of that line downwards, a failed negative inversely is positive; be positive Smiley

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September 27, 2024, 03:29:01 PM
 #162

Exactly,  if you plan ahead of tine and you do trust the level of you own understanding,  taking a long term investment might give decent amount of profits, though even how good you are there's always a time that you may think about selling sometimes you also feel that pressure,  which is the common mistakes by most traders or investors who can't resist that temptation,  you need to have that will to prevent any incorrect decisions that will fall you to regret such actions.  Always have that trust with your own analysis and assessment to be more guided with your decision.
I completely agree with you my dear friend when investing for long time it is important to plan ahead and trust your own decisions. Sometimes market goes up and down and you might feel like selling. But it is important to resist that feeling and stick to your plan. Many people make mistakes by letting their emotions control their decisions which can lead to regrets. If you trust your own research and decisions you can avoid making impulsive choices and stay focused on your goals. It is good to have control and confidence to follow your investment plan even when market is unpredictable. Good investment plan only works if you can stick to it.
That's the right word, confidence with how you deal with your investment, I mean the way you plan and the way you deal with your research, with that concrete knowledge about the venue of your investment you will always avoid making wrong decision, unlike with those who are unsure with their knowledge most of the time they'll be following their emotions and that's where most common mistakes take place, it's your knowledge that will save your money, established good patterns and execute things accordingly.
Confidence,awareness and being prepared on what would happen on which this is something that you will really be needing on the time or moment that you do deal up with Bitcoin investment or crypto generally.You won't really be finding yourself be on a panic situation if you do find out yourself being prepared or having that anticipation.You could really be able to think up well if you are someone whose that wary on the things that could happen around.Just make it sure that you wouldnt be derailed into the earlier plans or strategies that you have set earlier because if you are a type of investor who do make those impulsive changes then it will really be bringing up that kind actions.People who do make out such act are the ones who do lack knowledge and experience towards the market.

On the time that you do have that kind of approach or not being prepared about volatility and market cycles then yo will be finding yourself doing wrong decisions or actions.
It's Always important to have that kind of awareness on how market works so that you won't easily panic.

Most of the time, you'll be force to sell as you don't know what's going on with high volatility type of a market you are into, chances that quick spikes will create panic inside you, though like what I mentioned, if you plan ahead of time and you are confident with how you deal with your research and study it will limit you to react whatever the condition inside the market.

It gives you that calmness to wait for the bounce or if the market it favoring you, it will gives you the chance to cashout and withdraw some profits.
Bounce backs are may to happen in Bitcoin so you should wait and immerse yourself in more purchases. Investment method short term or long term however you need to take buying opportunity at every dip so that it is easier to prepare yourself more for bull run.
Your investment composure depends on how much holding you are able to hold and bounce back happens every now and then and is an ongoing process.

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September 27, 2024, 05:50:49 PM
 #163

Bounce backs are may to happen in Bitcoin so you should wait and immerse yourself in more purchases. Investment method short term or long term however you need to take buying opportunity at every dip so that it is easier to prepare yourself more for bull run.
Your investment composure depends on how much holding you are able to hold and bounce back happens every now and then and is an ongoing process.

When you choose to focus on buying Bitcoin on every decline then you also need to pay attention to the funds that you will use before deciding to buy it and also determine to survive in the short and long term, for now I think most people will prefer to maintain in the long term even after they buy the asset the price has risen again because they will be very sure that the asset will continue to increase and if they hold the asset in the long term of course this will be very profitable in the future, it is important when someone wants to buy Bitcoin assets to be able to use the funds that they can maintain in the long term and also not easily tempted to sell their current asset but must be more focused on buying it.

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September 27, 2024, 09:39:26 PM
 #164

Bounce backs are may to happen in Bitcoin so you should wait and immerse yourself in more purchases. Investment method short term or long term however you need to take buying opportunity at every dip so that it is easier to prepare yourself more for bull run.
Your investment composure depends on how much holding you are able to hold and bounce back happens every now and then and is an ongoing process.

When you choose to focus on buying Bitcoin on every decline then you also need to pay attention to the funds that you will use before deciding to buy it and also determine to survive in the short and long term, for now I think most people will prefer to maintain in the long term even after they buy the asset the price has risen again because they will be very sure that the asset will continue to increase and if they hold the asset in the long term of course this will be very profitable in the future, it is important when someone wants to buy Bitcoin assets to be able to use the funds that they can maintain in the long term and also not easily tempted to sell their current asset but must be more focused on buying it.

For those who believes that there are more to offer they'll surely hold on with their assets,  and If possible they will continue to buy whenever they'll got the chance to see decline in price,  those traders understand that long term wise the value will continue to rise and with holding they will earn more, some treat it as retirement investment and will only disposed when they already achieved their target value.

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September 27, 2024, 10:18:20 PM
 #165

Selling your Bitcoin is not a thing of temptation and one should not allow their greed to have the better part of them at any point in time because regardless of what the amount you sold your Bitcoin, Bitcoin will not remain at that spot it either goes up or comes down from the price you sold your Bitcoin, so what is important is that you have to have a need for selling your Bitcoin a d once that need is genuine, you don't have any reason to think twice before you sell your Bitcoin.

I sold some of Bitcoin today when the price of Bitcoin was around $65'000 BTC and a few minutes later I saw Bitcoin making a new price achievements of around 66,500, but I never regret because I sold the Bitcoin because I have need for that and not because I saw the price of Bitcoin going up because that is a usual thing and I am used to the ups and downs of Bitcoin Price each time.

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Today at 06:38:48 PM
 #166

Now is really not the time to sell as we could definitely break up from here however its not certain or sealed and some might sell over the next period of uncertainty.


Undoubtedly there is that feeling of uncertainty and that is what gives many people anxiety, because they do not know what to do, that is where you have to be patient, sometimes you can entertain yourself with something else, not put too much effort into what you see on the news, sometimes the news makes us do crazy things, I learned not to listen to much news because the news is produced after the moment, never before, so for me the news is simply justifying the events of the market in light of what seems to be the first option that happens in daily life , it is always like that.

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Today at 07:53:17 PM
 #167

Selling your Bitcoin is not a thing of temptation and one should not allow their greed to have the better part of them at any point in time because regardless of what the amount you sold your Bitcoin, Bitcoin will not remain at that spot it either goes up or comes down from the price you sold your Bitcoin, so what is important is that you have to have a need for selling your Bitcoin a d once that need is genuine, you don't have any reason to think twice before you sell your Bitcoin.

I sold some of Bitcoin today when the price of Bitcoin was around $65'000 BTC and a few minutes later I saw Bitcoin making a new price achievements of around 66,500, but I never regret because I sold the Bitcoin because I have need for that and not because I saw the price of Bitcoin going up because that is a usual thing and I am used to the ups and downs of Bitcoin Price each time.
Everyone must have their own way to benefit from Bitcoin, as you do, but if it is related to the needs in my opinion it is relative and does not always have to be related to it, it might be because they prefer to trade, but if reasonable because I think I think This person is in an extraordinary difficulty, because if seen from the principle of investing in a good bitcoin that someone should have money management that has an emergency fund for the needs of an unexpected urgent need.

For me personally this is not the time to sell, Q3 just wants to start and the strength of the bullish is quite strong especially after the CZ was released yesterday, which gave the encouragement of people to buy back Bitcoin even though he was forbidden to manage binance, but it seemed to provide a positive sentiment, the area The price of bitcoin still fluctuates at a distance of $ 60k- $ 66k, and it's natural because we are still early to bullish even higher,  I have not been tempted at all to sell.

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Egii Nna
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Today at 08:27:08 PM
 #168

Bounce backs are may to happen in Bitcoin so you should wait and immerse yourself in more purchases. Investment method short term or long term however you need to take buying opportunity at every dip so that it is easier to prepare yourself more for bull run.
Your investment composure depends on how much holding you are able to hold and bounce back happens every now and then and is an ongoing process.

When you choose to focus on buying Bitcoin on every decline then you also need to pay attention to the funds that you will use before deciding to buy it and also determine to survive in the short and long term, for now I think most people will prefer to maintain in the long term even after they buy the asset the price has risen again because they will be very sure that the asset will continue to increase and if they hold the asset in the long term of course this will be very profitable in the future, it is important when someone wants to buy Bitcoin assets to be able to use the funds that they can maintain in the long term and also not easily tempted to sell their current asset but must be more focused on buying it.

That is why it is not advisable for you to depend on your bitcoin investments as your main source of income, but you also have the job or business that will be able to provide you with your daily necessities. So that your eyes will not be on the bitcoin that you have purchased to hold for a long period of time in order to get a good profit; in other words, you are always encouraged to lose what you can afford to lose; that doesn't mean you will lose what you invested, but you will depend on it, and even if you lose it, it will not be a cause of depression for you. That is why before you even start to invest in bitcoin, you have to learn more about risk management. So that you will never make a wrong choice.

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