Chances to buy Bitcoin back

[RaraAvis]

Hi all

Looks like a short term draw back is in order for BTC.
I am thinking of selling to then buy back.
I am reluctant to do that, to be honest, before asking knowledgeable people about whether there still be Bitcoin waiting to be bought by me in next correction? I mean BTC availability due to its growing scarcity.
(Considering the volumes in which Black Rock, Michael Saylor and other big players are gobbling down BTC...)

Your thoughts please

[Ambatman]

Not a financial advice. Since our goals differs.
Mindset like this is how many loss out in not being among the moving train
And worse being the fuel for FOMO.


The goal is never to be a nocoiner.
So I would say do what you believe you would be comfortable with
And should be mentally prepared for the risk of your decision
Even if you sell now or not. They both have their risk.

[RaraAvis]

thank you.
so are you saying that there is a possibility of not being able to buy it back?

[roemer]

thank you.
so are you saying that there is a possibility of not being able to buy it back?

quite possible at least for a long time maybe never. Real estate is a good example of fomo that has never declined overall as well as the stock market in general.

[boyptc]

Hi all

Looks like a short term draw back is in order for BTC.
I am thinking of selling to then buy back.
I am reluctant to do that, to be honest, before asking knowledgeable people about whether there still be Bitcoin waiting to be bought by me in next correction? I mean BTC availability due to its growing scarcity.
(Considering the volumes in which Black Rock, Michael Saylor and other big players are gobbling down BTC...)

Your thoughts please

If you already have a plan to sell, you should have done that when it was $123k or above $120k.

But I guess that I don't think you already have something to hold on to and so, if you're thinking of buying now. At what price you think you'll think of selling it anyway?

It's going to be a difficult decision for you and that's why you're hesitating because these are the harder times when you don't if it will be back to the peak soon or it will start to drop.

Why not just hold it if you know that BlackRock and the rest are also holding long term?

[Finestream]

I don’t understand why you have to sell your btc just to buy back again btc? Maybe if you sell your altcoins so you can purchase bitcoin, that would be a very smart idea. But selling off your bitcoin so you can buy bitcoin again, not actually a good idea for me. Instead, just do the DCA or wait for a price correction and accumulate more bitcoin to add on your portfolio, that way you will have massive profits with bitcoin in time.

[SamReomo]

It's on you OP to either sell your Bitcoin or hold those or sell now and wait for the price to drop down and buy it back. Most of us won't give any suggestions as of this time because the market is highly bullish but still we aren't sure yet that how the market will perform from its current position. So in my eyes it's much better to do your thinking before taking any decision.

[RaraAvis]

If you already have a plan to sell, you should have done that when it was $123k or above $120k.

But I guess that I don't think you already have something to hold on to and so, if you're thinking of buying now. At what price you think you'll think of selling it anyway?

It's going to be a difficult decision for you and that's why you're hesitating because these are the harder times when you don't if it will be back to the peak soon or it will start to drop.

Why not just hold it if you know that BlackRock and the rest are also holding long term?

no, I hold BTC and I've seen many 15% and 30% corrections before of which I never took advantage
so I thought to sell to buy back in the next 15% correction. because if I can buy it back - then why not do that? tell me 1 reason?

[RaraAvis]

It's on you OP to either sell your Bitcoin or hold those or sell now and wait for the price to drop down and buy it back. Most of us won't give any suggestions as of this time because the market is highly bullish but still we aren't sure yet that how the market will perform from its current position. So in my eyes it's much better to do your thinking before taking any decision.

sure - understood

[Hatchy]

thank you.
so are you saying that there is a possibility of not being able to buy it back?

There will always be a chance for you to buy BTC again... The market will not forever remain bullish... My advice for you, if you feel you want to sell, take a some portion and sell, and be ready to buy back if there's a chance of market becoming bearish... Don't take this as a financial advice though...

Or you can continue to accumulate using the dollar cost average.. that way you won't miss out on any market move and if the market eventually becomes bearish, you would still be able to acquire bitcoin from your still available capital....

[RaraAvis]

thank you.
so are you saying that there is a possibility of not being able to buy it back?

There will always be a chance for you to buy BTC again... The market will not forever remain bullish... My advice for you, if you feel you want to sell, take a some portion and sell, and be ready to buy back if there's a chance of market becoming bearish... Don't take this as a financial advice though...

Or you can continue to accumulate using the dollar cost average.. that way you won't miss out on any market move and if the market eventually becomes bearish, you would still be able to acquire bitcoin from your still available capital....

thank you

[RaraAvis]

I don’t understand why you have to sell your btc just to buy back again btc? Maybe if you sell your altcoins so you can purchase bitcoin, that would be a very smart idea. But selling off your bitcoin so you can buy bitcoin again, not actually a good idea for me. Instead, just do the DCA or wait for a price correction and accumulate more bitcoin to add on your portfolio, that way you will have massive profits with bitcoin in time.

to simply make money on a difference aren't we all here to make money?

I have alt coins yes - but cannot sell them atm - cos it would be at a big loss

[Sammye3]

Hi all

Looks like a short term draw back is in order for BTC.
I am thinking of selling to then buy back.
I am reluctant to do that, to be honest, before asking knowledgeable people about whether there still be Bitcoin waiting to be bought by me in next correction? I mean BTC availability due to its growing scarcity.
(Considering the volumes in which Black Rock, Michael Saylor and other big players are gobbling down BTC...)

Your thoughts please

I don't think it's a financial advise to sell your Bitcoin, maybe there would be possible draw back but the market can be unpredictable and maybe even go higher than expected. I think the best decision to make right now is investing more Bitcoin without the mindset of making immediate profits.

Bitcoin investments always get better with its potentiality and liquidity and Bitcoin's availability is limited and would be mined off in a couple years....who knows??
Accumulating more of Bitcoin's would always be the best option.

[stadus]

Not the right time to sell right now, this looks like just a minor correction. Bitcoin will likely rise again and might even break its current ATH. If you’re not a day trader, don’t focus too much on the short term. Think long term.

Just my advice.. when Bitcoin is in a bullish phase, it’s not the time to sell unless you’ve already hit your profit target. As for me, I’m holding until the end of the year. I’ve got a feeling the market will stay bullish. Best time to sell is when the bear market starts showing signs, not now.

[RaraAvis]

Hi all

Looks like a short term draw back is in order for BTC.
I am thinking of selling to then buy back.
I am reluctant to do that, to be honest, before asking knowledgeable people about whether there still be Bitcoin waiting to be bought by me in next correction? I mean BTC availability due to its growing scarcity.
(Considering the volumes in which Black Rock, Michael Saylor and other big players are gobbling down BTC...)

Your thoughts please

I don't think it's a financial advise to sell your Bitcoin, maybe there would be possible draw back but the market can be unpredictable and maybe even go higher than expected. I think the best decision to make right now is investing more Bitcoin without the mindset of making immediate profits.

Bitcoin investments always get better with its potentiality and liquidity and Bitcoin's availability is limited and would be mined off in a couple years....who knows??
Accumulating more of Bitcoin's would always be the best option.

thank you for your take on the subject...

[RaraAvis]

Not the right time to sell right now, this looks like just a minor correction. Bitcoin will likely rise again and might even break its current ATH. If you’re not a day trader, don’t focus too much on the short term. Think long term.

Just my advice.. when Bitcoin is in a bullish phase, it’s not the time to sell unless you’ve already hit your profit target. As for me, I’m holding until the end of the year. I’ve got a feeling the market will stay bullish. Best time to sell is when the bear market starts showing signs, not now.

I've opened a spot margin position now Doge/USDT - talking about day trading...

Just to buy and just to hold seems sensible but too boring...

[cr1776]

Hi all

Looks like a short term draw back is in order for BTC.
I am thinking of selling to then buy back.
I am reluctant to do that, to be honest, before asking knowledgeable people about whether there still be Bitcoin waiting to be bought by me in next correction? I mean BTC availability due to its growing scarcity.
(Considering the volumes in which Black Rock, Michael Saylor and other big players are gobbling down BTC...)

Your thoughts please

You may get lucky at market timing or you may not.  Given the long term trajectory of bitcoin, selling in order to buy back lower has worked sometimes, but many times not.  People are still waiting to get back in when it gets below $1.  Or $30.  Or $100 or $1000.

[Botnake]

I won’t agree with the type of mindset you have because you are only compromising your future profits with bitcoin. The fact that none of us knows when will bitcoin drop its price, or maybe this time bitcoin price will skyrocket and reach another peak price, so that makes you selling at a loss then. You will lose those excellent profits you will gain later on.

However, the final decision is still within you. Just think of it a thousand times before you proceed to an action that may end up a source of regret in the future.

[Marykeller]

thank you.
so are you saying that there is a possibility of not being able to buy it back?

There is always an opportunity to buy back at any time you please. But the question is, will Bitcoin decline to the price you have in mind to buy back? If you trust it will and you have already made some good profits from your Bitcoin investment, you can go ahead to sell your Bitcoin without giving anyone an explanation or permission for that.

We are all investing in Bitcoin on our own accord and at our own risk, with target price in mind. Any future profits or losses are on each other's heads. Do what you feel is okay for you. If you feel like selling now, sell. If you want to postpone selling now, fine and good. But don't blame anyone for whatever decision you take. The decision is all yours.

[RaraAvis]

Hi all

Looks like a short term draw back is in order for BTC.
I am thinking of selling to then buy back.
I am reluctant to do that, to be honest, before asking knowledgeable people about whether there still be Bitcoin waiting to be bought by me in next correction? I mean BTC availability due to its growing scarcity.
(Considering the volumes in which Black Rock, Michael Saylor and other big players are gobbling down BTC...)

Your thoughts please

You may get lucky at market timing or you may not.  Given the long term trajectory of bitcoin, selling in order to buy back lower has worked sometimes, but many times not.  People are still waiting to get back in when it gets below $1.  Or $30.  Or $100 or $1000.

good point and in fact I've been there - done that before - it isn't safe or very clever thing to do, but if I'd known I guaranteed to buy it back again (meaning BTC availability) I'd take my chances again...