Is now a good time to sell or buy bitcoin?

[fullhdpixel]

Currently right now I would encourage you to join DCA because I can't say you should sell at lost or buy in full but if you apply DCA it would be very much better for you, again it could help you to minimize the risk of losing your money back if the price falls below what you buy then you could panic and sell.
As a newbie just exercise patient while the market dip you accumulates before you could know you would end up having enough bitcoin in your portfolios.

The current market conditions aren't suitable for newbies to make an entry. I know that the DCA is a good accumulation method, but if someone is a complete newbie, they might mess things up. So it's better for newbies to first try and understand the market, and then decide what they should do because once they have enough knowledge, they would be able to know which way is the best for them based on their budget, etc.

Currently if you want to buy bitcoins you can. Because currently the price of Bitcoin is on the low side, if you can buy and hold Bitcoin now, it will be easier for you to earn profit from it in the future. But investing here may require you to be patient. In purchasing Bitcoin you must keep in mind that your capital is such that you feel no pressure and can invest well.

The price of Bitcoin is not specifically on the lower side because we are still around $60k and that isn't a low point. You could say that it is lower than the all-time high that we had in this cycle so far, and if we have another round of the bull run in the next few months, then the current price might feel like it was low. So those willing to start buying should do their research and analyse everything before making a move.

[CoinFoxs]

Now that bitcoin is experiencing a price drop, is now a good time to buy or sell it?

By looking on the the chart Bitcoin is currently trading at 60k$ and the price was dropped to 42k$ and then price make correction and again reach 60k$ so for now wait a bit Bitcoin price will again see 40-45k $ price then you should buy btc as it will cross 60k$ price. Now buying btc is risky if you are planning to hold for 3-4 months. And if you are buying for daily trading then you can buy anytime.

[Republikcoin.com]

By looking on the the chart Bitcoin is currently trading at 60k$ and the price was dropped to 42k$ and then price make correction and again reach 60k$ so for now wait a bit Bitcoin price will again see 40-45k $ price then you should buy btc as it will cross 60k$ price. Now buying btc is risky if you are planning to hold for 3-4 months. And if you are buying for daily trading then you can buy anytime.

The suggestion is a bit inappropriate if someone wants to buy Bitcoin and hold it for only 3-4 months. Because Bitcoin is better held for a yearly period like 3-4 years and it can definitely provide better benefits for the holder because cyclically, bullish often occurs every four years in Bitcoin. So there is no need to be afraid to buy Bitcoin at this time if the goal is to hold it for the long term and not just for the short term and besides, for now I also don't think Bitcoin will correct again to $40K because the level of Bitcoin buyers at this time is still quite a lot.

[legendbtc]

By looking on the the chart Bitcoin is currently trading at 60k$ and the price was dropped to 42k$ and then price make correction and again reach 60k$ so for now wait a bit Bitcoin price will again see 40-45k $ price then you should buy btc as it will cross 60k$ price. Now buying btc is risky if you are planning to hold for 3-4 months. And if you are buying for daily trading then you can buy anytime.

The suggestion is a bit inappropriate if someone wants to buy Bitcoin and hold it for only 3-4 months. Because Bitcoin is better held for a yearly period like 3-4 years and it can definitely provide better benefits for the holder because cyclically, bullish often occurs every four years in Bitcoin. So there is no need to be afraid to buy Bitcoin at this time if the goal is to hold it for the long term and not just for the short term and besides, for now I also don't think Bitcoin will correct again to $40K because the level of Bitcoin buyers at this time is still quite a lot.

LOL, I just replied to him in another thread and he was also very pessimistic in not believing that bitcoin can't hit $100,000 by 2025. Once again, he is spreading his pessimism as he believes bitcoin will soon drop to $40,000-45,000.

@CoinFoxs: have you checked the market? bitcoin is trading above $62k and the whole market is getting more optimistic after the Fed chairman's statement. We are getting very close to bull season, something we have been waiting for for years. If you made it through the tough times of 2022 and 2023, there's no reason to be pessimistic now.
As I said, bitcoin price is very unpredictable, and there is no guarantee that bitcoin will drop to $40k again, so hesitating and bargaining with the market is very risky. If you are scared, use the DCA strategy instead of waiting because you might miss the train.

[Viscore]

Currently right now I would encourage you to join DCA because I can't say you should sell at lost or buy in full but if you apply DCA it would be very much better for you, again it could help you to minimize the risk of losing your money back if the price falls below what you buy then you could panic and sell.
As a newbie just exercise patient while the market dip you accumulates before you could know you would end up having enough bitcoin in your portfolios.

For now, we are seeing quite an impressive price for bitcoin but as expected, there are still chances that it will drop again and reach even below $50k, who knows. So DCA is the key, buying at a regular basis regardless of its price. So that when final bull run is here, the more bitcoin you have been hodling, the more massive your profits will be.

However, there are also some of us here who have been hodling when bitcoin was still $20k-$30k, and without no hesitation, the current price is already a perfect price to sell. Just buy back again whenever another price correction hits the market again, which I think will be very possible every now and then.

[SmartGold01]

Currently right now I would encourage you to join DCA because I can't say you should sell at lost or buy in full but if you apply DCA it would be very much better for you, again it could help you to minimize the risk of losing your money back if the price falls below what you buy then you could panic and sell.
As a newbie just exercise patient while the market dip you accumulates before you could know you would end up having enough bitcoin in your portfolios.

The current market conditions aren't suitable for newbies to make an entry. I know that the DCA is a good accumulation method, but if someone is a complete newbie, they might mess things up. So it's better for newbies to first try and understand the market, and then decide what they should do because once they have enough knowledge, they would be able to know which way is the best for them based on their budget, etc.

Sincerely I believe before someone would want to invest or trade bitcoin it's assumed that they have understood the market concept before jumping into, but sometimes there not yet convinced enough so they would want to ask questions and seek opinion from those who regularly does it over here, that's why most of them creates this topics. But still whatever decision op has taken is to lead them to become successful while trading or holding bitcoin for this duration, as we know the very most trusted method is known to be DCA and with that op most diligently apply cautiousness while doing it.

[Tmoonz]

The answer is up to you.

Even there are 100 users suggest you to hold, but if you really want to cash out, you will forgetting what 100 users said to you and do based on what you want.

Since you're not controlled by other people, why asking other people decision?

I see all users say to buy Bitcoin since it's cheap, now I will say you should sell your coins, without any reason.

Honestly, I just sold some of my bitcoins because I needed money for life and I bought those bitcoins in 2022 for $20k, I don't see anything wrong with selling bitcoins at this time or any time I want. You are right, it will all depend on each of us, it will depend on the circumstances as well as the price at which we bought bitcoin. For those who have held for many years and have made a profit, it makes perfect sense to sell now because they have made a significant profit.

People are also not wrong when giving advice to buy more and hold for the long term because that will definitely help OP get better profits. But at least we should know what situation he is in to give the most appropriate advice, we cannot give advice to others by imposing our thoughts on them.

Undoubtedly, there is no way we can impose our thought on others the least we can do is tho give friendly advice and it is one personal decision to take other people advice, for me I think Bitcoin investment should be a life financial changing opportunity such that one should keep buying and holding your investment for as long as possibly 4 to 10 years or more of having a compounded value of our investment over time which is better than buying and selling Bitcoin for a few dollar profits. But yeah anyone can do whatever they like but buying and holding for long term is the best since Bitcoin is still a growing asset class.

[Stable090]

Now that bitcoin is experiencing a price drop, is now a good time to buy or sell it?

The price has already bounced back just to tell you that whenever there is a dip in the market, just take advantage of the dip to accumulate more of the coin, and if you can’t do that, maybe you don’t have any money with you, then just keep on holding the ones that you are having, don’t panic and sell, dip is always to buy more and not to sell the one wey you. When I joined crypto, I do panic when there was a dump, but when I got to understand the way things work, I was always prepared for the dip. I always had money, which I always reserved to accumulate more coin when there is a dip.

[Farma]

Now that bitcoin is experiencing a price drop, is now a good time to buy or sell it?

The price has already bounced back just to tell you that whenever there is a dip in the market, just take advantage of the dip to accumulate more of the coin, and if you can’t do that, maybe you don’t have any money with you, then just keep on holding the ones that you are having, don’t panic and sell, dip is always to buy more and not to sell the one wey you. When I joined crypto, I do panic when there was a dump, but when I got to understand the way things work, I was always prepared for the dip. I always had money, which I always reserved to accumulate more coin when there is a dip.

You are right in the last few hours we can see the price movement of Bitcoin has gone up again and anyone who has taken advantage of the opportunity during the dip must have made a profit now and in terms of selling of course this will depend on the investment target that someone has made in investing and continuing to hold their assets of course they will be able to make even greater profits in the future.

When someone first holds Bitcoin, of course they will panic when they see the price of Bitcoin dropping and this is certainly natural because they still do not know well about how Bitcoin works, but once they understand it, of course they will continue to maintain the asset even in a state of decline and if possible, they will continue to add to their assets to be able to make a profit from holding Bitcoin.

[barisbilgili]

You are right in the last few hours we can see the price movement of Bitcoin has gone up again and anyone who has taken advantage of the opportunity during the dip must have made a profit now and in terms of selling of course this will depend on the investment target that someone has made in investing and continuing to hold their assets of course they will be able to make even greater profits in the future.

When someone first holds Bitcoin, of course they will panic when they see the price of Bitcoin dropping and this is certainly natural because they still do not know well about how Bitcoin works, but once they understand it, of course they will continue to maintain the asset even in a state of decline and if possible, they will continue to add to their assets to be able to make a profit from holding Bitcoin.

Bitcoin movement always moves fast and indeed in the last few days a positive trend has slowly continued to occur but it is not significant and overall we cannot conclude anything from the current market situation and for the decision to invest or sell back again on the initial plan that we apply, if to invest in Bitcoin prices like now I think there is nothing wrong because as we believe that investment is quite promising for the future. And if indeed the current Bitcoin price has reached the profit point as planned from the start I think there is nothing wrong with selling it.

[Republikcoin.com]

By looking on the the chart Bitcoin is currently trading at 60k$ and the price was dropped to 42k$ and then price make correction and again reach 60k$ so for now wait a bit Bitcoin price will again see 40-45k $ price then you should buy btc as it will cross 60k$ price. Now buying btc is risky if you are planning to hold for 3-4 months. And if you are buying for daily trading then you can buy anytime.

LOL, I just replied to him in another thread and he was also very pessimistic in not believing that bitcoin can't hit $100,000 by 2025. Once again, he is spreading his pessimism as he believes bitcoin will soon drop to $40,000-45,000.

I was even surprised when I saw a Legendary who has known this forum since 2014 still feeling pessimistic about Bitcoin in 2024 and also next year (2025). But on the one hand I don't think that he doesn't know about the history of Bitcoin because he must have heard the word Bitcoin in 2014, but I also assumed that this one person might have forgotten what happened to Bitcoin so that until now he is still quite pessimistic about Bitcoin. But I don't think it's a problem because he also has the right to make such a decision even though it's a bit strange when a Legendary is still pessimistic about Bitcoin when in general he has known Bitcoin for a long time.

[beerlover]

For now, we are seeing quite an impressive price for bitcoin but as expected, there are still chances that it will drop again and reach even below $50k, who knows. So DCA is the key, buying at a regular basis regardless of its price. So that when final bull run is here, the more bitcoin you have been hodling, the more massive your profits will be.

However, there are also some of us here who have been hodling when bitcoin was still $20k-$30k, and without no hesitation, the current price is already a perfect price to sell. Just buy back again whenever another price correction hits the market again, which I think will be very possible every now and then.

I am one of those that have around 40k with DCA, I bought a lot when it was high, I bought a lot when it was low too, in the end I am doing fine. I think it's clear that we are going to end up with a result that will not be all that too bad, we have seen the results of the up, and we have seen how it is recovering right now too, nearly at 62k levels, and we have seen it dip under 50k just recently this month, so going back to 62k during the same month is a marvellous achievement without a doubt.

I think it's clear that we are going to end up with a great profit when given the chance and the price will go up. It's a good time to buy bitcoin a bit more at this time, while it looks like it's rising, it still has some potential to rise even more so we shouldn't be really that late to this, we should be considering it going higher and higher, it will make everything better. In the end, it is not that clear if we are going to end up with a guaranteed income, but we can assume it will do fine.

[mumang siat]

Now that bitcoin is experiencing a price drop, is now a good time to buy or sell it?

 It seems that it depends on your own decision, we say for those Investors who have room to buy frankly they will buy it when it is down, and maybe if you want to sell it and want to make a profit you should calculate when you buy it at a low value or above the current market movement.

 Talking about the current decline, some investors are adding assets by continuing to buy when the market is showing a decline, most of them continue to do DCA and of course every investor is waiting for a decline and an opportunity to make their Bitcoin purchases.

[SmartGold01]

Currently right now I would encourage you to join DCA because I can't say you should sell at lost or buy in full but if you apply DCA it would be very much better for you, again it could help you to minimize the risk of losing your money back if the price falls below what you buy then you could panic and sell.
As a newbie just exercise patient while the market dip you accumulates before you could know you would end up having enough bitcoin in your portfolios.

For now, we are seeing quite an impressive price for bitcoin but as expected, there are still chances that it will drop again and reach even below $50k, who knows. So DCA is the key, buying at a regular basis regardless of its price. So that when final bull run is here, the more bitcoin you have been hodling, the more massive your profits will be.

However, there are also some of us here who have been hodling when bitcoin was still $20k-$30k, and without no hesitation, the current price is already a perfect price to sell. Just buy back again whenever another price correction hits the market again, which I think will be very possible every now and then.

You know those who bought at 20k or 30k of course still on profit currently and wouldn't mind selling their holdings in their possession and the best thing to do is to accumulate it as you already said than selling now. Most people who applied DCA methods has also increased their portfolios and are on profits even though the market drop it wouldn't affect them that much since they are already engaging themselves with DCA. Of course there would always be another correction and is another factor that made up the characteristics of the market, and it must not remain steadily bull nor bear and there's always some specific duration for each market season which we must experience when the time comes.

[Nothingtodo]

Now that bitcoin is experiencing a price drop, is now a good time to buy or sell it?

Deciding which is the right time to sell or buy bitcoins will depend on the market as a whole and the timing of the investment in which the bitcoins were purchased. But it is natural for someone to sell bitcoins if he thinks his investment has brought him profit and if he thinks his bitcoins have not brought him profit so far then he must hold until the profit comes.

[skarais]

~~~

I was even surprised when I saw a Legendary who has known this forum since 2014 still feeling pessimistic about Bitcoin in 2024 and also next year (2025). But on the one hand I don't think that he doesn't know about the history of Bitcoin because he must have heard the word Bitcoin in 2014, but I also assumed that this one person might have forgotten what happened to Bitcoin so that until now he is still quite pessimistic about Bitcoin. But I don't think it's a problem because he also has the right to make such a decision even though it's a bit strange when a Legendary is still pessimistic about Bitcoin when in general he has known Bitcoin for a long time.

Having a Legendary rank account that has been registered for a long time on the forum does not fully reflect that someone is ready to face various investment challenges. They may know how the market works from past price cycles, but various things can make them less optimistic than others when it comes to investing. I believe that experienced users who are at the Legendary rank have sufficient knowledge about investing, but they are not always ready to be long-term holders for one reason or another.

[Wiwo]

The best time to buy Bitcoin have passed for now and unless the price of bitcoin correct backward again to give such an opportrunity, but if you are talking about selling bitcoin, then that means this is the best time to sell your bitcoin since at some level if you bought bitcoin at a price rang around $45, 000 to 50,000 or even 55,000, you are already at a massive profits already and so selling at the current price makes you cash out at ease.

But also know that bitcoin have the tendency to reach a price of 70,000 or even above that price in the coming days and weeks.

[JeffBrad12]

But also know that bitcoin have the tendency to reach a price of 70,000 or even above that price in the coming days and weeks.

agreed, I think if not reaching $70k it will reach $67k since it's where the resistance that caused previous dump to happen



however if BTC could somehow recover back to $70k it will be massive, maybe the bullrun that we're all been waiting gonna come for real as long as there's no bad news, since we all know the news always sway the market.
hopefully the narrative will stay bullish.

[GigaBit]

But also know that bitcoin have the tendency to reach a price of 70,000 or even above that price in the coming days and weeks.

agreed, I think if not reaching $70k it will reach $67k since it's where the resistance that caused previous dump to happen



however if BTC could somehow recover back to $70k it will be massive, maybe the bullrun that we're all been waiting gonna come for real as long as there's no bad news, since we all know the news always sway the market.
hopefully the narrative will stay bullish.

Yes maybe but I was quite optimistic about the market after the last ATH. At that moment when Bitcoin hit $71k-$72k it started to fall again. This means that the confidence that buyers should have for the market to be bullish has not been built. And until that possibility is created, there is no word to say when Bitcoin will start a higher bullish movement. However, market conditions can change at any time. We who are Bitcoin holders are always optimistic because Bitcoin will definitely start its new all time high  journey. Current market situation is good compared to last few days if this market is reach to $70k then we can get another all time high price.

[NicNacCoin]

Now that bitcoin is experiencing a price drop, is now a good time to buy or sell it?

If someone is not investing in bitcoins at the moment, they can buy bitcoins from this market and invest. And if they have invested in bitcoin long ago at a low price, they can hold it. I don't advise them to sell bitcoin. But at the moment, no one will be worried by the market condition, if everyone invests patiently and keep that investment, it is expected that the market will grow very soon. Many may be worried about the dumping situation in the market but it is only temporary. I am not worried at all about my bitcoin investment I always think I can achieve something good in the future.