Is now a good time to sell or buy bitcoin?

[bangjoe]

I know that it could be something risky and also the panic that people have is not for nothing, but if you keep selling anytime you are scared then you will never make any type of money at all.

And that is a very important factor to name, fear, because many when they see that the price of bitcoin falls, they immediately go and sell to say that at least they were able to recover some money, as long as people have that type of thinking, then I consider that they will never be able to make a profit with bitcoin, because they are the type of people that when bitcoin goes up in price, then they look for money, even if it is to buy, and they do their operations the other way around, the logical thing is that if the price falls and there is money, then buy, and if the price goes up, then it is time to hold or sell if they need the money badly, but at least they made a profit.

People like this are usually people who have never been in 1 bitcoin cycle or about 4 years with bitcoin, the average new person who does and has such a nature.
When prices drop fear, when prices rise FOMO, until whenever people like this will not get a decent profit from bitcoin, but I think they will learn from their mistakes if they already have 1 cycle experience with bitcoin, more or less will understand the bearish and bullish of bitcoin and can have a mental addition to how to invest in bitcoin.

To implement this, a good financial strategy is needed, such as one of which we must have cash to increase the accumulation of bitcoin when the price drops.

[erep]

People like this are usually people who have never been in 1 bitcoin cycle or about 4 years with bitcoin, the average new person who does and has such a nature.
When prices drop fear, when prices rise FOMO, until whenever people like this will not get a decent profit from bitcoin, but I think they will learn from their mistakes if they already have 1 cycle experience with bitcoin, more or less will understand the bearish and bullish of bitcoin and can have a mental addition to how to invest in bitcoin.

To implement this, a good financial strategy is needed, such as one of which we must have cash to increase the accumulation of bitcoin when the price drops.

Maybe that type of investor has a limited budget and their understanding is very lacking in analyzing crypto price movements, they tend to be easily influenced by short-term movements so they are very hasty to decide on considerations without the right decision, for example some must have cut losses because they assume the bitcoin price drop will be below $ 50k, their mindset is easy to panic with market movements but they always regret selling at a low price but the market price turns out to have a significant recovery the following week.

They need to learn the DCA strategy that must be applied in investing in crypto, this strategy is able to make someone keep holding assets even though the price conditions are decreasing because they will add crypto assets every time the market price decreases.

[STT]

Still in a positive phase for BTC even if we had a negative decline in the price from today till end of the year I would still be thinking its a good buy longer term as these next months are just the tail not the body of what will occur.   As it is we'll see up movements and down moves, most of the selling is impatience and speculators who have no real capital to allocate more then a week or month but are trading in BTC.

Overall there is a gain in BTC and across tech sector I think we are bullish and seeing a good advancement in development both software and hardware, this will enable more usage and utility to those that are using BTC or multi other useful products across the world.

Check out the chart for a trade idea on buying BTC not just the general wider question and the lows for a month are in line with the yearly average.   While BTC is advancing generally we should be able to stay above the yearly average, it will scare a few if seemingly we are unable to stay above that measure.   Some will prefer to only buy while thats true but I think its ok even if are are lower then 56k etc.

[Cityhunter34]

Watching the market drop down in price has been a nerve cracking feeling especially for new investors like us. But I've learnt to set my emotions aside tho as a new investor in Bitcoin it's only natural to feel uneasy and anxious especially when the price fluctuate. Checking the prices constantly is a very bad idea as it only increases anxiety that could lead to making the wrong decisions, as a new investor I may not be in the position to advice but all I can say is let's not forget the reason why we invested in Bitcoin and focus on the price and buy as much as we can now.

[Churchillvv]

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

I don't know what you have heard about bitcoin but if you know bitcoin well you will tend to see that real investors buy during price decrease and sell at higher price. it's just a natural mechanism but low sell high.

I have not seen anyone selling their bitcoin for loss but only focuses on the profit, if you want to go into any business you must buy when the price is cheap or when there is a discount and sell when their is a high price for it which bitcoin is not excluded.

I will always advise people to buy and keep buying even when they don't feel like buying we should just buy because it will always end up in our benefit.

[NicNacCoin]

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

If you bought bitcoin earlier at a low price and now you have a lot of success with that investment, you can sell the investment and if you sold bitcoin at a profit and want to buy from the position that the market is in, then you can buy bitcoin.  And if you have never invested before and want to invest for the first time, you can invest from the instant market or you can invest using DCA method.

[knowngunman]

People like this are usually people who have never been in 1 bitcoin cycle or about 4 years with bitcoin, the average new person who does and has such a nature.
When prices drop fear, when prices rise FOMO, until whenever people like this will not get a decent profit from bitcoin, but I think they will learn from their mistakes if they already have 1 cycle experience with bitcoin, more or less will understand the bearish and bullish of bitcoin and can have a mental addition to how to invest in bitcoin.

To implement this, a good financial strategy is needed, such as one of which we must have cash to increase the accumulation of bitcoin when the price drops.

That's a typical behavior of newbies in the industry with no interest to invest or to do their research. One doesn't need to told of when to sell or to buy as long as they've taken time to check bitcoin price history but they prefer to be instructed of what to do. One thing to note is that people like this are not ready for the good or bad of the market, they are only interested in making quick money in a short time.

There's no bad time to buy bitcoin as long as one is ready to hold for a long time but buying at dip is more advantageous and profitable but time for selling is absolutely your decision to take if you think you are satisfied with the profit. You don't have to invest in bitcoins based on people opinion, engage in personal research to know what is good for you.

[uswa56]

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

If you bought bitcoin earlier at a low price and now you have a lot of success with that investment, you can sell the investment and if you sold bitcoin at a profit and want to buy from the position that the market is in, then you can buy bitcoin.  And if you have never invested before and want to invest for the first time, you can invest from the instant market or you can invest using DCA method.

You are right that it will certainly depend a lot when they buy it and if the target they want has been achieved then it is very likely that they will take advantage of it, but if they choose to keep the funds they have invested will certainly be better, because we all know that it is likely that in the next few months the price of Bitcoin will increase of course there will be greater profits that we will get if continue to choose to keep the assets we already have.

When we want to start investing, of course we must first make a plan and also the target that we want to achieve from the investment that we will run and if we choose to use the DCA method, of course it will make it very easy for us if we have a fixed income and we can set aside part of the income we have to do DCA,  However, if we do not have a fixed income, of course we must first save so that when the purchase schedule has arrived, we will not have difficulty doing DCA.

[LUCKMCFLY]

To implement this, a good financial strategy is needed, such as one of which we must have cash to increase the accumulation of bitcoin when the price drops.

Yes, particularly things Start to be much easier when you understand the market movements, as you say accumulation is a process that is fundamental compared to bitcoin , for many it is always a good idea to buy at this time because whenever you are going to have doubts there is that expectation that it will go up just because December is coming and December is already synonymous with expenses , purchases and therefore the price of Bitcoin can give a good bullish turn , in particular that is what is sought, but for this you have to have a high financial Education to be Able to have that vision.

[justdimin]

it will certainly depend a lot when they buy it and if the target they want has been achieved then it is very likely that they will take advantage of it, but if they choose to keep the funds they have invested will certainly be better, because we all know that it is likely that in the next few months the price of Bitcoin will increase of course there will be greater profits that we will get if continue to choose to keep the assets we already have.

When we want to start investing, of course we must first make a plan and also the target that we want to achieve from the investment that we will run and if we choose to use the DCA method, of course it will make it very easy for us if we have a fixed income and we can set aside part of the income we have to do DCA,  However, if we do not have a fixed income, of course we must first save so that when the purchase schedule has arrived, we will not have difficulty doing DCA.

We don't have to have a big target that we have to hit, we could have a goal that is a bit more relaxed. For example my idea for crypto is to retire, that is it. It doesn't specifically talk about a certain amount of money, I could say 200k dollars would be good enough to retire for me but I do not have to really to pat 200k, I could stop before and I could just keep holding and hope that it gets even better, or I could keep going and retire at 300k if I am doing fine.

That is why there is no exact amount for me, it's whatever amount that allows me to quit my job and retire if I want to, I don't even have to quit my job, if I am feeling healthy then I can keep working, but be able to do that is the key part here.

[bangjoe]

To implement this, a good financial strategy is needed, such as one of which we must have cash to increase the accumulation of bitcoin when the price drops.

Yes, particularly things Start to be much easier when you understand the market movements, as you say accumulation is a process that is fundamental compared to bitcoin , for many it is always a good idea to buy at this time because whenever you are going to have doubts there is that expectation that it will go up just because December is coming and December is already synonymous with expenses , purchases and therefore the price of Bitcoin can give a good bullish turn , in particular that is what is sought, but for this you have to have a high financial Education to be Able to have that vision.

I don't think it's necessary to have a high financial education about this, that's too much in my opinion and also we don't know what you mean by high financial education?

I'm not sure the perception that is made is a higher education of a finance in investing in bitcoin, and I see that it is a basic knowledge in investing in bitcoin, it's just that we need to understand how the bitcoin cycle and look for moments to benefit from it.

[BITCOIN4X]

~Snip

I don't think it's necessary to have a high financial education about this, that's too much in my opinion and also we don't know what you mean by high financial education?

I'm not sure the perception that is made is a higher education of a finance in investing in bitcoin, and I see that it is a basic knowledge in investing in bitcoin, it's just that we need to understand how the bitcoin cycle and look for moments to benefit from it.

Financial education may include how you manage your money and how you use it to invest. A strategic approach to investing may not be one of them, but the right strategy can increase your chances of getting good returns on investments. I agree that some people don't need to have a high level of financial education to understand cycles, but the way you manage capital may be different from those who are educated.

Sufficient experience in the industry can allow one to earn returns worth it with the risks they consider. Even though they are not academically educated, their experience and mentality as investors may be better than users with an academic educational background.

[LUCKMCFLY]

~Snip

I don't think it's necessary to have a high financial education about this, that's too much in my opinion and also we don't know what you mean by high financial education?

I'm not sure the perception that is made is a higher education of a finance in investing in bitcoin, and I see that it is a basic knowledge in investing in bitcoin, it's just that we need to understand how the bitcoin cycle and look for moments to benefit from it.

Financial education may include how you manage your money and how you use it to invest. A strategic approach to investing may not be one of them, but the right strategy can increase your chances of getting good returns on investments. I agree that some people don't need to have a high level of financial education to understand cycles, but the way you manage capital may be different from those who are educated.

Sufficient experience in the industry can allow one to earn returns worth it with the risks they consider. Even though they are not academically educated, their experience and mentality as investors may be better than users with an academic educational background.

Yes, that's exactly what it's for , something similar to those people who win the lottery, and then have a world of luxuries, but in time they are left in debt and worse off than they were, but why does this happen? Because they didn't know what to do with the money , and something like that Happens with bitcoin , those people who have doubts about bitcoin simply sell when they should hold on and sell at a loss, the smartest and with vision that financial education often gives them know what they should do, including Buying when they have the Opportunity.

Also educate Yourself with books about investment , it doesn't matter if they talk about the stock market , that applies to bitcoin , so a person with enough high financial education will know that Bitcoin is very valuable and will always be , so there will be no doubts about buying every time you can.

[jaberwock]

I don't think it's necessary to have a high financial education about this, that's too much in my opinion and also we don't know what you mean by high financial education?

I'm not sure the perception that is made is a higher education of a finance in investing in bitcoin, and I see that it is a basic knowledge in investing in bitcoin, it's just that we need to understand how the bitcoin cycle and look for moments to benefit from it.

Financial education may include how you manage your money and how you use it to invest. A strategic approach to investing may not be one of them, but the right strategy can increase your chances of getting good returns on investments. I agree that some people don't need to have a high level of financial education to understand cycles, but the way you manage capital may be different from those who are educated.

Sufficient experience in the industry can allow one to earn returns worth it with the risks they consider. Even though they are not academically educated, their experience and mentality as investors may be better than users with an academic educational background.

I feel like arranging a certain part of your income for savings is the most important part and a lot of people are missing it unfortunately. I believe that the best thing to do right now would be making sure that we are dealing with something much bigger, so that we can profit from it. I understand that it may not happen quickly, but it could happen anyway.

I always say that put 10% of your salary aside, into bitcoin and keep doing that for 10+ years and you will be able to retire easily. Unfortunately even I do not do it, even though I say everyone should do it, I fail to do it, because there are moments in life when you have debt to pay and urgent money needs so sometimes you just sell, I am not happy about it and I want to be able to do it but it doesn't happen and I lost so much money because of it but it's life and there is nothing I can do to prevent it. I think the best way would be just making sure that we deal with something that takes a bit of time.

[Mahanton]

I don't think it's necessary to have a high financial education about this, that's too much in my opinion and also we don't know what you mean by high financial education?

I'm not sure the perception that is made is a higher education of a finance in investing in bitcoin, and I see that it is a basic knowledge in investing in bitcoin, it's just that we need to understand how the bitcoin cycle and look for moments to benefit from it.

Financial education may include how you manage your money and how you use it to invest. A strategic approach to investing may not be one of them, but the right strategy can increase your chances of getting good returns on investments. I agree that some people don't need to have a high level of financial education to understand cycles, but the way you manage capital may be different from those who are educated.

Sufficient experience in the industry can allow one to earn returns worth it with the risks they consider. Even though they are not academically educated, their experience and mentality as investors may be better than users with an academic educational background.

I feel like arranging a certain part of your income for savings is the most important part and a lot of people are missing it unfortunately. I believe that the best thing to do right now would be making sure that we are dealing with something much bigger, so that we can profit from it. I understand that it may not happen quickly, but it could happen anyway.

I always say that put 10% of your salary aside, into bitcoin and keep doing that for 10+ years and you will be able to retire easily. Unfortunately even I do not do it, even though I say everyone should do it, I fail to do it, because there are moments in life when you have debt to pay and urgent money needs so sometimes you just sell, I am not happy about it and I want to be able to do it but it doesn't happen and I lost so much money because of it but it's life and there is nothing I can do to prevent it. I think the best way would be just making sure that we deal with something that takes a bit of time.

10% allocation into your salary will really be just that too much i would say but of course it would really be just that depending on you whether you do able to afford on having that kind of deduction on monthly basis
as long you could be able to buy Bitcoin out from that deduction.There would really be no problem as long you are really that investing on what you can afford to lose then it would be just that fine. We should really be that making up that kind of treatment on which investing on Bitcoin doesnt give out that 100% guarantee of success but at least you do really know that you are really that dealing up with the right coin.
Always bare up in mind that when it comes into this situation then profit making will might really be that taking up a long time, on which it is really just that right that you shouldnt really be hurrying up yourself when it comes to that.

It is really that always important that you arent that making yourself be in a rush because on the time or moment that you do find yourself having that kind of expectations then this is also the reason on why
certain investors or individuals will really be doing some decisions which it turns out to be that not that good.Buying or selling Bitcoin will really be that depending or basing up into someones decisions
on which as long it would really be giving out that kind of positive or benefits then it is really that recommended on doing so.

[Franctoshi]

If you want to do something differently from the way other people used to do, you have to do it differently from the way most people tends to do theirs, that's majority of people tends to sell their Bitcoin, the moment that they think the market is tanking; however, there's no perfect time that one should buy Bitcoin, it depends on what is in your plans, availability of funds, your goal with Bitcoin, Bitcoin is a scarce commodity; therefore we've seen Bitcoin several times surpassed its previously ATH, That alone should tell us that no matter the point we get in we shouldn't be afraid, so far, we apply a strategy called DCAing.

[Egii Nna]

Watching the market drop down in price has been a nerve cracking feeling especially for new investors like us. But I've learnt to set my emotions aside tho as a new investor in Bitcoin it's only natural to feel uneasy and anxious especially when the price fluctuate. Checking the prices constantly is a very bad idea as it only increases anxiety that could lead to making the wrong decisions, as a new investor I may not be in the position to advice but all I can say is let's not forget the reason why we invested in Bitcoin and focus on the price and buy as much as we can now.

As an investor in bitcoin, you don’t need to panic when the price is dropping because there is one thing about bitcoin investment that I like the most. If you can have the patience needed, you will definitely achieve a lot because, as a newbie in bitcoin investment, you are hoping to invest for 4-10 years, so when you even see the price drop, it is not something that will increase your anxiety but only increase your hope to accumulate more because your main aim is to invest for a long time.
 
That is why many encourage you not to engage in frequently checking the price of bitcoin if you are investing for a long period of time; some will even encourage you to delete the app so that when ever you want to invest more again you will download it and after that you delete again. That only shows how people can deal with their emotions to hold for a long time. 

[salad daging]

If you want to do something differently from the way other people used to do, you have to do something it differently from the way most people tends to do theirs, that's majority of people tends to sell their Bitcoin, the moment that they think that the market is tanking; however, there's no perfect time that one should buy Bitcoin, it depends on what is in your plans, availability of funds, your goal with Bitcoin, Bitcoin is a scarce commodity; therefore we've seen Bitcoin several times surpassed its previously ATH, That alone should tell us that no matter the point we get in we shouldn't be afraid, so far, we apply a strategy called DCAing.

People who sell bitcoin in a falling market are panicking, fretting about the market situation that continues to fall but they do not have real investment goals because they are hindered by excessive panic.
Buy bitcoin anytime you can at a high price anyway if the goal is in the long run because seeing the history of Bitcoin is always a historical record every cycle then some investors whose plans are long then continue to buy bitcoin under any circumstances.

[Issa56]

I don't know what you have heard about bitcoin but if you know bitcoin well you will tend to see that real investors buy during price decrease and sell at higher price. it's just a natural mechanism but low sell high.

I don’t know why people should even think about selling when the price is dropping, we should know that when the price is low, it gives opportunity to accumulate more, even if we are already holding, and the price starts dropping, then we should just increase the coin that we are holding, and if we don’t have any money to accumulate when the price drops, then we should just keep on holding the one that we are having and wait for the price to bounce back, and to be in profit.
 
The only people that are supposed to panic when the price keeps on dropping are the newbies that are just entering the market. I know how they will feel when they see their money drop after investing in a coin, but people that have been in the crypto space for some time are not supposed to panic.

[wahyuagung26]

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

 A declining market is of course Investors tend to continue buying Bitcoin in order to increase it, and a falling market is very attractive to Investors in terms of continuing to want to buy more and continuing to make purchases when the market is red, they continue to use this opportunity in every continuous movement and DCA done.

 It is better if the situation is declining, continue to make purchases because this is the character of the formation of someone who is a wise investor and has the right performance, in investment they continue to look for gaps in time to continue buying, it is a wrong assumption when you want to sell when the price continues to decline, this is not the nature of looks like a good investor.