Is now a good time to sell or buy bitcoin?

[martinex]

If you ask the right time to sell, of course when you have got the expected profit and what you need to learn is the history of bitcoin prices after halving because it is a guide for you when to sell it. Currently after halving we have not found the highest price so you can hold it and wait until that moment arrives. Actually if you study bitcoin well, especially of course the bitcoin cycle, you will not ask the right time to buy and sell bitcoin because there you can apply your own targets. Bitcoin price speculation from various sources can be a view for you in making the right decision.

But, I am sure in the next few days if this consolidation period BTC will breakout because market players are in the phase of waiting for confirmation of the uptrend.

And this is also what makes a good analysis that we have learned or presented by others into a technical analysis that can be viewed not only by looking at patterns but will illustrate how market behavior works so that it is quite helpful in making a decision whether OP advances or survives when market conditions are sideways like now.

[Akbarkoe]

Maybe you mean like this, the presidential election catalyst in the US has always been a big thing, whether or not the president supports bitcoin as in the past does not affect bitcoin's steps to get a continuous increase, in addition to notes, especially if the president-elect supports bitcoin, it might be very extraordinary for bitcoin in its price growth, we just need to see how all this will be real for bitcoin, I myself have been quite diligent in buying Bitcoin from September, even I have to stop shopping for things that are not too important so that my bitcoin before the US election is enough to provide an increase until 2025.

It would be great if things could happen that way, the only difference is that in those elections the topic of bitcoin never came to light on the part of the candidates, right now it does and there are very well-founded bases for each of the candidates, in the case of Kamala Harris if she is the one who wins, I hope that the effect is that, although I doubt it, because she clearly spoke of not agreeing, on the other hand with Trump it is much safer, the events for 2006-2017, 2020-2021 were very different from those currently, however this is something new for the market, it is interesting to see how the market will react.

I would not dare to give a prediction, since one candidate is in favor and the other is not, so it is difficult, where both were at BTC level it would be great.

The effect should have been greater than before, because the candidates mentioned it, I hope so about Bitcoin in the present year, I previously did not know whether there was a sentence from Kamala Harris who said that he refused Bitcoin or disagree about Bitcoin, I looked for it but have not found a strong reference for that statement.

In the end, even if it was won by candidates who did not support Bitcoin, Bitcoin would run as usual as in the previous cycles and not significantly affected so that there would be a lot of blocking about Bitcoin, I thought it would not happen.

[Swordsoffreedom]

The effect should have been greater than before, because the candidates mentioned it, I hope so about Bitcoin in the present year, I previously did not know whether there was a sentence from Kamala Harris who said that he refused Bitcoin or disagree about Bitcoin, I looked for it but have not found a strong reference for that statement.

In the end, even if it was won by candidates who did not support Bitcoin, Bitcoin would run as usual as in the previous cycles and not significantly affected so that there would be a lot of blocking about Bitcoin, I thought it would not happen.

To be fair, she has remained neutral on crypto, never declaring her support but also never saying she would oppose it. But since she is a member of the Biden administration and the Biden administration's unfriendly stance towards cryptocurrencies is something everyone can see. That may be why people are worried and have negative attitudes about her, people are afraid that she will continue the harsh policies that Biden left behind.

Of course, whoever wins can't stop bitcoin, the bull run will still happen but wouldn't it be great if we had a pro-bitcoin president? Honestly, betting on Harris is much riskier than Trump given what's going on, people have reason to trust Trump more when it comes to crypto.

[Republikcoin.com]

But, I am sure in the next few days if this consolidation period BTC will breakout because market players are in the phase of waiting for confirmation of the uptrend.

And this is also what makes a good analysis that we have learned or presented by others into a technical analysis that can be viewed not only by looking at patterns but will illustrate how market behavior works so that it is quite helpful in making a decision whether OP advances or survives when market conditions are sideways like now.

The current market conditions are not heading sideways, but rather increasing slowly even though the price of Bitcoin has not reached the $70K level in the last few days. But we have all seen that the price of Bitcoin is quite close to that price level so that something like that should be considered a very good price increase even though it tends to be a bit slow but when it becomes more real, it is clear that the assessment of market conditions will be very different. I still think that this month Bitcoin could break through the $70K level again and that would be extraordinary for everyone before welcoming the next month this year.

[mirakal]

But, I am sure in the next few days if this consolidation period BTC will breakout because market players are in the phase of waiting for confirmation of the uptrend.

And this is also what makes a good analysis that we have learned or presented by others into a technical analysis that can be viewed not only by looking at patterns but will illustrate how market behavior works so that it is quite helpful in making a decision whether OP advances or survives when market conditions are sideways like now.

The current market conditions are not heading sideways, but rather increasing slowly even though the price of Bitcoin has not reached the $70K level in the last few days. But we have all seen that the price of Bitcoin is quite close to that price level so that something like that should be considered a very good price increase even though it tends to be a bit slow but when it becomes more real, it is clear that the assessment of market conditions will be very different. I still think that this month Bitcoin could break through the $70K level again and that would be extraordinary for everyone before welcoming the next month this year.

We still don’t know what the price trend will be in the coming days, but yes, we have strong confidence that it’s heading upwards, especially with the holidays coming up, which we know can have a big impact on pushing prices higher. Even if Bitcoin doesn’t reach $80,000 by the end of this year, it’s still way ahead compared to last month. We just shouldn’t expect an extreme spike like some are predicting, with claims it’ll hit $150,000.

Of course, it’s not the best time to buy right now, but it’s also not the best time to sell. The smart move is probably to wait for the right moment, because there’s a good chance that an all-time high (ATH) is on the way.

[Akbarkoe]

The effect should have been greater than before, because the candidates mentioned it, I hope so about Bitcoin in the present year, I previously did not know whether there was a sentence from Kamala Harris who said that he refused Bitcoin or disagree about Bitcoin, I looked for it but have not found a strong reference for that statement.

In the end, even if it was won by candidates who did not support Bitcoin, Bitcoin would run as usual as in the previous cycles and not significantly affected so that there would be a lot of blocking about Bitcoin, I thought it would not happen.

To be fair, she has remained neutral on crypto, never declaring her support but also never saying she would oppose it. But since she is a member of the Biden administration and the Biden administration's unfriendly stance towards cryptocurrencies is something everyone can see. That may be why people are worried and have negative attitudes about her, people are afraid that she will continue the harsh policies that Biden left behind.

Of course, whoever wins can't stop bitcoin, the bull run will still happen but wouldn't it be great if we had a pro-bitcoin president? Honestly, betting on Harris is much riskier than Trump given what's going on, people have reason to trust Trump more when it comes to crypto.

They are not unfriendly but they do regulate it very hard, if the language is unfriendly then ETFs will never pass as well as some of the trading companies and crypto businesses in the US are regulated, they are just too strict not unfriendly.

Of course who wouldn't want a president who supports bitcoin because that would really accelerate bitcoin absorbing into the grassroots, and for people who have been buying bitcoin and accumulating it would give them a very big opportunity to profit from the various latest bitcoin adopters, and I think if the market gets more and more in demand then it will get rarer and more expensive.

[STT]

Elections remove some uncertainity which can raise volume and confidence levels.   Either party could end up doing that, I had a market short in 2016 which I closed just after the election result just because of how the graph was moving at that point and it was the correct decision to take.

BTC will likely benefit from overall market confidence and right now I can see a line up that could trip into a positive so long as we beat resistance just overhead and that wont be easy exactly.  It will take this year to setup the larger picture but for now I'm not negative except as a sidebet type trade, its better to buy into the strength or weakness that later becomes apparent rather then spin in circles hoping to guess right at the right time.

Most likely even if you try to guess precisely you are asleep or not looking just as the trade comes right.    My take is a smaller sell from here then the larger buy and positive area overhead, because its untraded there is little debris in the way to stop price rising quite dramatically.  A proper break upwards has us at 80k pretty soon after where as a sell down to 60k and attempts to get to 50k would find resistance vs that move and it would require far more work.  The bias is to the upside imo.

[martinex]

Of course, it’s not the best time to buy right now, but it’s also not the best time to sell. The smart move is probably to wait for the right moment, because there’s a good chance that an all-time high (ATH) is on the way.

Most likely those who do not want to hold on will sell temporarily while waiting for some market corrections where speculators or let's say weak-handed whales will disrupt the price in the market to create a price reversal so that they can buy again at a low price from some of the profits in trading their assets.

For those who hold, it is also good and the positive thing is that they will sell at 73K too.

[Bloodseekers]

Of course, it’s not the best time to buy right now, but it’s also not the best time to sell. The smart move is probably to wait for the right moment, because there’s a good chance that an all-time high (ATH) is on the way.

Most likely those who do not want to hold on will sell temporarily while waiting for some market corrections where speculators or let's say weak-handed whales will disrupt the price in the market to create a price reversal so that they can buy again at a low price from some of the profits in trading their assets.

For those who hold, it is also good and the positive thing is that they will sell at 73K too.

If someone does not want to hold on to their assets, it could be that their desired target has been achieved and for some people who are waiting for a price reversal and want to buy it at a lower price, of course they must first prepare funds to be able to use to buy when the price they want has been achieved and will sell it again to take profit, if you want to maintain their assets until the price reaches 73K then continue to focus on the process of accumulating your current assets consistently, of course you will be able to make a profit when your desired target has been achieved.

[LUCKMCFLY]

Possible sell at 69k if really  desperate to but I dont generally advise doing so in a wider context because of the positive build upto now.   I think BTC price action indicates higher but the timing for it occurring right now I would not guess so especially.   We made higher prices then September and August, now just July to consider.

  Also add in that this is the old ATH which this entire year we've only surpassed on a closing weekly basis twice barely so to me it still stands in the majority a place of great resistance and fair game for selling.  Of course if we do beat this easily and close out the week above 69k then adjust your aim to be far more positive, however till price proven this area is a ceiling in contention.

Well it is difficult to have made a decision like that, but if there is something you should know, if you have the money invested in btc, only "invested" then I would tell you "don't do it" but if you were speculating in the market , if you were trading without a doubt the fact of doubting was already bad, why? because bitcoin despite being a very Volatile asset, you can react by Re-buying , but the market always gives two warnings before going up in price, or makes at least two Corrections before confirming its bullish run, I have seen that in the times it has gone up, you can consider all those details for the next time, which is not far away, it can happen even today , tomorrow , or any moment if it can happen...

[Swordsoffreedom]

They are not unfriendly but they do regulate it very hard, if the language is unfriendly then ETFs will never pass as well as some of the trading companies and crypto businesses in the US are regulated, they are just too strict not unfriendly.

Biden has proposed a 30% tax on the bitcoin mining industry in the United States. The SEC has been deliberately attacking crypto companies with the aim of fining them and forcing them to admit that they are securities in order to comply with SEC regulations. I don't think with those things it can be said that they are just being strict on crypto and not hostile to it.

Their approval of an ETF was a real surprise but did you know that bitcoin ETF proposals have been delayed for years and they kept rejecting them? Not to mention, after approving the bitcoin ETF, the SEC chairman also declared that bitcoin is only a speculative asset, used for illegal activities, and cannot become a currency. Again, I don't think those statements imply that he is being too hard on crypto, it just shows that he is somewhat reluctant to approve ETFs and still maintains an unfriendly stance towards crypto.

[Akbarkoe]

They are not unfriendly but they do regulate it very hard, if the language is unfriendly then ETFs will never pass as well as some of the trading companies and crypto businesses in the US are regulated, they are just too strict not unfriendly.

Biden has proposed a 30% tax on the bitcoin mining industry in the United States. The SEC has been deliberately attacking crypto companies with the aim of fining them and forcing them to admit that they are securities in order to comply with SEC regulations. I don't think with those things it can be said that they are just being strict on crypto and not hostile to it.

Their approval of an ETF was a real surprise but did you know that bitcoin ETF proposals have been delayed for years and they kept rejecting them? Not to mention, after approving the bitcoin ETF, the SEC chairman also declared that bitcoin is only a speculative asset, used for illegal activities, and cannot become a currency. Again, I don't think those statements imply that he is being too hard on crypto, it just shows that he is somewhat reluctant to approve ETFs and still maintains an unfriendly stance towards crypto.

Yes I also reviewed that in the Biden administration that bitcoin miners were treated like that, then in some other things also the crypto industry does have a fairly harsh regulation, but they did not prohibit it just being strict out of prudence, I am not trying to defend them, but we are talking about their limited knowledge of this industry so that such formulation is a natural thing at the time of understanding.

But if we look at the current situation with the development of the crypto technology industry which is very fast and big in this world for now, I doubt if Kamala will do the same as Biden, where this industry is a great opportunity for the future that will boost the economy, it is a shame to miss it, unless it is like the rumors that say that the US will experience a setback if it misses the development of this industry.

[GigaBit]

Maybe you mean like this, the presidential election catalyst in the US has always been a big thing, whether or not the president supports bitcoin as in the past does not affect bitcoin's steps to get a continuous increase, in addition to notes, especially if the president-elect supports bitcoin, it might be very extraordinary for bitcoin in its price growth, we just need to see how all this will be real for bitcoin, I myself have been quite diligent in buying Bitcoin from September, even I have to stop shopping for things that are not too important so that my bitcoin before the US election is enough to provide an increase until 2025.

It would be great if things could happen that way, the only difference is that in those elections the topic of bitcoin never came to light on the part of the candidates, right now it does and there are very well-founded bases for each of the candidates, in the case of Kamala Harris if she is the one who wins, I hope that the effect is that, although I doubt it, because she clearly spoke of not agreeing, on the other hand with Trump it is much safer, the events for 2006-2017, 2020-2021 were very different from those currently, however this is something new for the market, it is interesting to see how the market will react.

I would not dare to give a prediction, since one candidate is in favor and the other is not, so it is difficult, where both were at BTC level it would be great.

The effect should have been greater than before, because the candidates mentioned it, I hope so about Bitcoin in the present year, I previously did not know whether there was a sentence from Kamala Harris who said that he refused Bitcoin or disagree about Bitcoin, I looked for it but have not found a strong reference for that statement.

In the end, even if it was won by candidates who did not support Bitcoin, Bitcoin would run as usual as in the previous cycles and not significantly affected so that there would be a lot of blocking about Bitcoin, I thought it would not happen.

I also haven't found any information where Kamala Harris opposes Bitcoin. Which is why no one has nothing negative to say about her. But if we talk about another party Trump has directly expressed his support for Bitcoin adoption, he can definitely play a bigger role in Bitcoin adoption if he comes to power. He wants his country to rule this space all over the world. That means Trump has more support for Bitcoin than Kamala Harris.

But I personally don't want to see the position of Bitcoin under the leadership of these political leaders. Better to keep Bitcoin decentralized than to bias it. If one of the leaders is perceived as a supporter of Bitcoin and the other is perceived as a unsupportable, then the shift in power may affect the natural growth of Bitcoin. It is better for it to be allowed to go on naturally without regard to the release of any political leader.

[Akbarkoe]

The effect should have been greater than before, because the candidates mentioned it, I hope so about Bitcoin in the present year, I previously did not know whether there was a sentence from Kamala Harris who said that he refused Bitcoin or disagree about Bitcoin, I looked for it but have not found a strong reference for that statement.

In the end, even if it was won by candidates who did not support Bitcoin, Bitcoin would run as usual as in the previous cycles and not significantly affected so that there would be a lot of blocking about Bitcoin, I thought it would not happen.

I also haven't found any information where Kamala Harris opposes Bitcoin. Which is why no one has nothing negative to say about her. But if we talk about another party Trump has directly expressed his support for Bitcoin adoption, he can definitely play a bigger role in Bitcoin adoption if he comes to power. He wants his country to rule this space all over the world. That means Trump has more support for Bitcoin than Kamala Harris.

But I personally don't want to see the position of Bitcoin under the leadership of these political leaders. Better to keep Bitcoin decentralized than to bias it. If one of the leaders is perceived as a supporter of Bitcoin and the other is perceived as a unsupportable, then the shift in power may affect the natural growth of Bitcoin. It is better for it to be allowed to go on naturally without regard to the release of any political leader.

Yes I did not find it so it is very questionable that where Kamala is against bitcoin, what I found was that she supported digital assets but did not specifically mention crypto and bitcoin she only said it in passing.
I like your observation, it is true, it would be very sad if the leaders recognize their leadership or power will regulate bitcoin under their control, as if bitcoin is in their hands, and if this framing is allowed then the growth of the market will always wait for the decision of the political attitude towards bitcoin to be as unnatural as before, but if you really want to be recognized by the leaders of the country must also admit it because what officials say will usually be followed by their people and that will increase the widespread adoption of bitcoin.

[milewilda]

Possible sell at 69k if really  desperate to but I dont generally advise doing so in a wider context because of the positive build upto now.   I think BTC price action indicates higher but the timing for it occurring right now I would not guess so especially.   We made higher prices then September and August, now just July to consider.

  Also add in that this is the old ATH which this entire year we've only surpassed on a closing weekly basis twice barely so to me it still stands in the majority a place of great resistance and fair game for selling.  Of course if we do beat this easily and close out the week above 69k then adjust your aim to be far more positive, however till price proven this area is a ceiling in contention.

Well it is difficult to have made a decision like that, but if there is something you should know, if you have the money invested in btc, only "invested" then I would tell you "don't do it" but if you were speculating in the market , if you were trading without a doubt the fact of doubting was already bad, why? because bitcoin despite being a very Volatile asset, you can react by Re-buying , but the market always gives two warnings before going up in price, or makes at least two Corrections before confirming its bullish run, I have seen that in the times it has gone up, you can consider all those details for the next time, which is not far away, it can happen even today , tomorrow , or any moment if it can happen...

Buying and Selling decisions will really be affected by different factors on which it would really be involving that personal point of view and goals on a certain individual. Experience and knowledge will really be also attached on whatever the decisions that you will really be taking whether you should sell or buy Bitcoin at a particular moment. We do know that there would really be those people who would really be gonna tend or plan on holding up for long term and there are ones who do loves to deal on shorter time frame. We are all sharing up on the same target or goal is to have that profits and doesnt matter on what would be  the duration as long  we could be able to hit up on the same goal or targets. When it  comes into opportunity hunting then it will really be that up to you whether you should really be buying or selling. Using up our own common sense then we would really be sticking into that basic principle of buying low selling high but of course due to unpredictability and randomness of this market on which applying this principle wont come easy. You will really be definitely be having that hesitations on the actions that you would really be taking due to that very reason. This is where you would really be having that struggle on making decisions.

[Ricardo11]

The effect should have been greater than before, because the candidates mentioned it, I hope so about Bitcoin in the present year, I previously did not know whether there was a sentence from Kamala Harris who said that he refused Bitcoin or disagree about Bitcoin, I looked for it but have not found a strong reference for that statement.

In the end, even if it was won by candidates who did not support Bitcoin, Bitcoin would run as usual as in the previous cycles and not significantly affected so that there would be a lot of blocking about Bitcoin, I thought it would not happen.

I also haven't found any information where Kamala Harris opposes Bitcoin. Which is why no one has nothing negative to say about her. But if we talk about another party Trump has directly expressed his support for Bitcoin adoption, he can definitely play a bigger role in Bitcoin adoption if he comes to power. He wants his country to rule this space all over the world. That means Trump has more support for Bitcoin than Kamala Harris.

But I personally don't want to see the position of Bitcoin under the leadership of these political leaders. Better to keep Bitcoin decentralized than to bias it. If one of the leaders is perceived as a supporter of Bitcoin and the other is perceived as a unsupportable, then the shift in power may affect the natural growth of Bitcoin. It is better for it to be allowed to go on naturally without regard to the release of any political leader.

Yes there is no information where Kamala Harris opposes Bitcoin, but she also doesn't support Bitcoin, so we can't expect anything positive or negative from her. Where Trump has directly expressed his support for Bitcoin, we can certainly expect something more positive from Trump.

There is no chance that Kamala Harris will support Bitcoin if she gets into power, whereas Trump has been talking about supporting Bitcoin for a long time. So we can definitely say that if Trump comes to power, Bitcoin will have a much more positive impact and he will support Bitcoin and Crypto, which will become a much more promising topic for Cryptocurrencies in the future. So Trump's win is more important for crypto's support.

[Zackz5000]

Now is not the best time to sell but to keep accumulating and hodling for long for Bitcoin will do better than what it is now, unless for those investors that has gotten to their maintance level can decide to sell little part of their Bitcoin hodling, but for investors who just started Bitcoin investment there is no need selling your Bitcoin now for this is the time to accumulate more Bitcoin, with the DCA strategy an investor can accumulate more Bitcoin small small irrespective of the price and hodl for long as long your discretionary income is active for it will help you not to sell out when there is an unforeseen circumstances which may arise along the process.

[LUCKMCFLY]

The effect should have been greater than before, because the candidates mentioned it, I hope so about Bitcoin in the present year, I previously did not know whether there was a sentence from Kamala Harris who said that he refused Bitcoin or disagree about Bitcoin, I looked for it but have not found a strong reference for that statement.

In the end, even if it was won by candidates who did not support Bitcoin, Bitcoin would run as usual as in the previous cycles and not significantly affected so that there would be a lot of blocking about Bitcoin, I thought it would not happen.

Well let's say that Kamala has many friends from the world Elite and that they can do many things like delete statements and do endless things, and it's not that I'm a conspiracy theorist person but there are many things in the world that they still hide and that they do not want to come to light, one of these is that btc finally exercises its absolute dominance because it is a reality that it is the asset that makes any person stay afloat economically, we must also start from the fact that they have nominated any of the BTC candidates is already an indication that things can be affected in the market , because of emotions like panic and joy that make the market move without a doubt, I just hope that the best happens and that the market is not affected for the worse.

[AprilioMP]

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

Just a matter of days from the date OP wrote the topic, the price change immediately occurred. On August 13, I saw the chart on the Binance exchange, the highest price was around $61,578. On the 23rd of the same month the price change almost reached $65,000.
If the question is about the right time to sell or buy, of course the choice lies in each individual's goals. I mean, before the 13th or to be precise the 5th, the Bitcoin price chart was at a level below $50,000. Don't get caught up easily because going up and down is something that can still be considered normal.

A long-distance view is better if Bitcoin is used as an investment asset. A view that is viewed too closely is not good. This means that long-term Bitcoin investment is more profitable.
Who would have thought that the price could touch and pass the previous ATH when March broke through the $73.7K level.

[LUCKMCFLY]

But I personally don't want to see the position of Bitcoin under the leadership of these political leaders. Better to keep Bitcoin decentralized than to bias it. If one of the leaders is perceived as a supporter of Bitcoin and the other is perceived as a unsupportable, then the shift in power may affect the natural growth of Bitcoin. It is better for it to be allowed to go on naturally without regard to the release of any political leader.

In politics or something like that, but it is evident that all Politicians will Always want power and power , and since bitcoin represents money and money is power , it is something that we must be very Clear about, that is something that is seen from miles away , I personally think that this is something inevitable, but even so, btc is not controllable by them, it can never be and I think that is or is the best of all , despite the fact that they want to control it or make it theirs , they will not be able to, that is why we normal non-politician people Must get btc little by little , in order to have our own support for the future.