In this market situation, should everyone be patient or sell?

[dunfida]

The market is currently at a low point from its peak. At the time I was writing this post, Bitcoin was worth $96K. Investors saw their portfolios as rich as they did at $120K, but now their portfolios are not as rich, so many will be disappointed and decide to sell. However, I think we should be patient and trust Bitcoin. Especially those who bought Bitcoin between $115K and $120K should expect good things and hold on to their investments. Since investing in Bitcoin is a long-term plan, we should definitely forget about this temporary profit or loss and look at our portfolios three or four years from now and then make a decision.
Hopefully, Bitcoin will go to a much better level during this time and investors' portfolios will be quite rich.

It is unlikely that a sufficiently experienced person would sell his assets in the current conditions of falling prices. They certainly do not care about the current price because they understand what they are buying in their investment and of course people who are experienced enough in their investment will hold it for the period of time they have determined, And we must remember that Bitcoin and its history have proven that if someone holds it for a long enough period, they are guaranteed to get significant profits.

Both of you have a point and it is obvious that what the actual distinction here is the level of experience and mentality. When the prices drop shortly after new investors tend to panic, yet people who know about the long-term trend of Bitcoin are aware that corrections are actually natural in every cycle. During a down market, it is often the buyers who get the discounted coins thus benefiting most. Patience is a time-tested virtue and anyone who invested at the $115K -120K must realize that it is a multi-year game not a weekly game. The likelihood of a long-term Bitcoin investment paying off is much higher than responding emotionally to short-term declines is it holds its course according to its long-term trend.

The current dip in Bitcoin’s price has created a lot of anxiety among investors especially those who bought near the recent peak it’s understandable to feel uneasy when your portfolio value drops but this is not the first time Bitcoin has experienced such correction historically every major rally is followed by a pullback before resuming its upward trend this is how markets breathe and reset before moving higher again.

Experienced investors view this as an opportunity rather than a setback they understand that Bitcoin’s growth has always been cyclical and every dip in the past eventually led to new all time highs it’s the newcomers who usually get shaken out because they expect instant profits instead of understanding that real gains come with patience and consistency. Those who bought between $115k and $120k should not panic sell right now holding through this phase could be rewarding in the next few years because if Bitcoin follows its usual trend it will eventually surpass its previous highs the key is to avoid emotional decisions and focus on the long term vision Bitcoin has proven over time that it rewards patience and belief in its fundamentals the investors who stay calm now are the ones who will smile the most when the next bull cycle arrives.

[Pandu Geddon]

Investors saw their portfolios as rich as they did at $120K, but now their portfolios are not as rich, so many will be disappointed and decide to sell.

There is no obligation to keep holding Bitcoin in any market situation. You are the one who determines your own investment plan. If you want to sell, just enjoy the profits you have earned. If you sell at a loss, then that is the current consequence. Some who panic may sell now and hope the price drops further, then they can buy in again at a lower price. But those who have been accumulating for a long time might continue to hold Bitcoin even during a bear market.

[woez]

It is unlikely that a sufficiently experienced person would sell his assets in the current conditions of falling prices. They certainly do not care about the current price because they understand what they are buying in their investment and of course people who are experienced enough in their investment will hold it for the period of time they have determined, And we must remember that Bitcoin and its history have proven that if someone holds it for a long enough period, they are guaranteed to get significant profits.

I suspect they do this for a specific reason: to save money first because market conditions aren't yet conducive. In their view, generally, someone who has entered the market will automatically monitor prices and try to stay up-to-date whenever possible. The downside of this approach, of course, is that there are losses, but these are tolerable and part of surviving in this game.

What needs to be avoided is not to buy aimlessly, even if the market is offering discounts, because declines still occur frequently. Don't let even the smallest mistake be trivial, as it can increase losses and, if continued, become uncontrollable, killing our hopes.

When someone trades, taking advantage of small price volatility opportunities but making small profits, I think it's good; a little bit helps build our portfolio slowly. The biggest winners are those who can persevere and have strong hands.

[Callido]

If they have seen the price touch $120K why sell for something lower to what they can attest for themselves. Why in a hurry to sell over losses than hold patience for the market to make a move, a more reasonable approach will be to include more fractions of Bitcoin if they possibly can, instead of panic, not everybody understands much about Bitcoin investment but patience is a must for every investor.

Selling from here is a bad idea, never talking someone to sell because of little decline in the market that can make a difference anytime soon.

[Asyifiah]

If they have seen the price touch $120K why sell for something lower to what they can attest for themselves. Why in a hurry to sell over losses than hold patience for the market to make a move, a more reasonable approach will be to include more fractions of Bitcoin if they possibly can, instead of panic, not everybody understands much about Bitcoin investment but patience is a must for every investor.

Selling from here is a bad idea, never talking someone to sell because of little decline in the market that can make a difference anytime soon.

when the bitcoin decline is happening and for those of us who already have bitcoin of course now is the time to save bitcoin until the highest value increases again, never panic because we have seen the highest value this year to reach $ 120k of course this is an extraordinary achievement, so as you said now we need patience not panic because everything can definitely return to the highest price we have ever seen before.

[livingfree]

Hopefully, Bitcoin will go to a much better level during this time and investors' portfolios will be quite rich.

Everyone likes to see their portfolio growing more instead of what is happening now, decreasing. The time has come as they say that this is likely the end of it.

No one knows if this bull run will be extended but if it's an unpredictable asset, maybe we'll see some possible final push at the end of this year.

Right now, panicking won't help everyone. It's either going to cut you some losses or lessen your profits but I guess the latter is better.

[yudi09]

In this market situation, should everyone be patient or sell?

It's not selling that should be done at this time, but buying. Of course, if you already have the money, then the most appropriate action is to buy.
For those who already have Bitcoin but no more money to buy more, patience is a must.
By the way, investors are different from traders. Those who choose a long-term approach will not sell but will instead try hard to buy in a market like this. What you mean is for those who trade. Trading is indeed complicated.

[OgNasty]

Everyone's situation is different.  My take is that if you are confident you won't need to sell any Bitcoin for the next 2 years and have plenty of income to continue stacking, you are free to ride the dips and keep buying.  If you are in a position where you invested more than you can afford to lose, you should probably scale things back now as opposed to having to sell Bitcoin for $50K in 2027.  

There is a good chance that Bitcoin will be higher 4 years from now.  Your risk tolerance, job security, and savings amount are likely the most important factors in that decision.  If you have a low risk tolerance, your job is on thin ice, and you don't have anything saved, you should probably build a little nest egg for yourself.

Taxes is also a consideration.  Maybe you would benefit from losses, or maybe you don't want to pay huge capital gains...  Everyone needs to make the best decision for their own unique situation.

[lixer]

To be honest, seems like we are entering the bear cycle and here we can only see major sell-offs which will push the prices more down. The level of $90k seems strong as of now but it is just a matter of few days until we see the price going below $90k and it will only trigger panic selling. A lot of people already have started selling their positions thinking they might get better opportunity to buy in a good dip. They do not care if they are selling it in loss because they are prepared to buy bitcoins again.

I would not recommend anyone to wait patiently because market might continue to dip and this might be the same situation for maybe a few months or worst, it can go on for a year. We might miss profits if we continue to hold the position which was opened above $100k. So selling too might be a wise decision here.

[Alone055]

There is no obligation to keep holding Bitcoin in any market situation. You are the one who determines your own investment plan. If you want to sell, just enjoy the profits you have earned. If you sell at a loss, then that is the current consequence. Some who panic may sell now and hope the price drops further, then they can buy in again at a lower price. But those who have been accumulating for a long time might continue to hold Bitcoin even during a bear market.

Those who have been accumulating should also have a target for selling their assets; there is no point in only accumulating and never taking profits at all, unless someone is hoarding bitcoins and planning to keep holding for a decade or so, and then sell so that they can retire with the money. If that's not the plan, then it's advisable for any investor to keep accumulating during the bear market, and then sell and take profit during the bull run, and then buy again during the bear market again by holding the liquid assets and not wasting it on altcoins, etc.

So many people didn't sell in October when the price was pretty good, and they are now regretting their decision of not selling only because they were anticipating the price to go towards $150k. I know that staying positive is a good thing, but when you know that the market you are in is highly unpredictable, then it's better to have a proper plan and follow it, so that you don't get surprised by the market.

[passwordnow]

Everyone's situation is different.  My take is that if you are confident you won't need to sell any Bitcoin for the next 2 years and have plenty of income to continue stacking, you are free to ride the dips and keep buying.  If you are in a position where you invested more than you can afford to lose, you should probably scale things back now as opposed to having to sell Bitcoin for $50K in 2027.  

There is a good chance that Bitcoin will be higher 4 years from now.  Your risk tolerance, job security, and savings amount are likely the most important factors in that decision.  If you have a low risk tolerance, your job is on thin ice, and you don't have anything saved, you should probably build a little nest egg for yourself.

Taxes is also a consideration.  Maybe you would benefit from losses, or maybe you don't want to pay huge capital gains...  Everyone needs to make the best decision for their own unique situation.

I agree on this, if you can stack for as long as you can, that's all that matters. Whether it will be from your main source of income or from your side hustles, just keep on going until you're finally decided that you're about to sell. We're all basing to the 4-year cycle and that's likely that for the next 4 years, we'll see another bull run and that means higher price for Bitcoin. I've made so much mistake in the other bull run of 2021 when I have to sell due to personal reasons and didn't reached the likely peak of that cycle. This time, got corrected but I'll continue to buy.

[JeffBrad12]

Depends on the conviction and your strategy. If you could hold for another 5 years, maybe it's worth holding. If you think there's opportunity to trim holding and rebuy at bottom, feel free to do that.
People have their own preferences.

It's clear that there are sentiment about the next bear market, doesn't mean I should just go sell all my bitcoins in one go though. There might be consolidations and sideways here and there after the recent dump.
It's gonna be good for daily trading.

[jcojci]

Bitcoin is not at a low point because the price can down further. Bitcoin is now at $85k-$86k so there is a chance the price could continue to fall. If you want to sell now, that will be your decision but others will not have the same decision.

Oh yes, they will sell but that will depend on their plan. They may still wait for the price increase then sell. Or they will sell if they have an urgent situation or other reasons. But if you are not in any urgent situation that requires selling Bitcoin, you'd better hodl it and be patient.

Bitcoin will increase someday so you should keep your long term investment until the time comes for you to sell it.  This is just temporary and you don't need to panic.

[doomloop]

Bitcoin is not at a low point because the price can down further. Bitcoin is now at $85k-$86k so there is a chance the price could continue to fall. If you want to sell now, that will be your decision but others will not have the same decision.

Oh yes, they will sell but that will depend on their plan. They may still wait for the price increase then sell. Or they will sell if they have an urgent situation or other reasons. But if you are not in any urgent situation that requires selling Bitcoin, you'd better hodl it and be patient.

Bitcoin will increase someday so you should keep your long term investment until the time comes for you to sell it.  This is just temporary and you don't need to panic.

I think the selling point was when we were trending above $100,000. Now the ones who are selling are just a victim of panic because they do not want to see any more losses on their portfolio or either they want better buying opportunities. I agree that this might not be the bottom and we are going to drop for a couple of months but this is just going to unlock buying opportunities. Instead of panic selling, one can still continue buying at certain dips so they can average the entry point and continue holding for maybe a year from now.

Bear season can go for a while now because we saw a year long bull run so those looking for quick profits might get their hopes crushed seeing the downside turn. I will be patient but I do not think a lot of new investors can be that patient and be ready to hold for a couple of years.

[Mr_Brilliant$]

If they have seen the price touch $120K why sell for something lower to what they can attest for themselves. Why in a hurry to sell over losses than hold patience for the market to make a move, a more reasonable approach will be to include more fractions of Bitcoin if they possibly can, instead of panic, not everybody understands much about Bitcoin investment but patience is a must for every investor.

Selling from here is a bad idea, never talking someone to sell because of little decline in the market that can make a difference anytime soon.

You knw, people always forget how this market behaves… one small dip and everywhere is full with panic, everybody wants to rush and sell like Bitcoin no dey breathe..haha..

But the truth is that, patience is not something you just talk, it’s a mindset. If you have already seen price run to 120k before, why panic at levels we literally passed on the way up? It is like seeing the road before but suddenly acting lost on the way back. Makes no sense nw…

I understand that not everyone has the same risk tolerance.. Some people panic fast, some people DCA, some people just hold and vibe. But selling here… especially inside this kind of normal correction… it is just throwing away the ticket before the show start..

[boyptc]

You knw, people always forget how this market behaves… one small dip and everywhere is full with panic, everybody wants to rush and sell like Bitcoin no dey breathe..haha..

But the truth is that, patience is not something you just talk, it’s a mindset. If you have already seen price run to 120k before, why panic at levels we literally passed on the way up? It is like seeing the road before but suddenly acting lost on the way back. Makes no sense nw…

I understand that not everyone has the same risk tolerance.. Some people panic fast, some people DCA, some people just hold and vibe. But selling here… especially inside this kind of normal correction… it is just throwing away the ticket before the show start..

I agree with you and I like what you've said.

Being patient is all about how we keep ourselves calm at times like this and also the mindset that we put in the market.

Experienced investors shouldn't worry if we're seeing some dips and there's no need to panic during that time. If someone has to panic, they should have done that when we're on those prices $120k upwards.

The calm investors will just sit, watch and relax and will DCA silently until they're already for whatever is about to be shown.

[macson]

If you see a red line in your portfolio, there's no need to panic because it's simply an unrealized loss, meaning the value of the loss hasn't yet become a reality as long as you haven't sold your assets. So, there's still a chance for prices to recover and your portfolio to return to the green over time.

This is a reason to invest money you're prepared to lose. This way, you won't be emotionally stressed when the market goes down, and you can remain patient and calm, regardless of future market conditions.

[Onyeeze]

I will advise anyone who has been holding Bitcoin for long to keep on holding except to that you have checked the market to know if the market will drop more for this present condition it is but if the market is not going to drop I believe that the best thing to do is to continue to hold your Bitcoin so that whenever the market increases you will become a beneficiary from it, sometimes bitcoin kind of investment do get increase when you are not expected from it but the time you are expecting it to increase it is the time that it will decrease so I believe that anyone who hold bitcoin should continue to hold.

[Silikiem]

You knw, people always forget how this market behaves… one small dip and everywhere is full with panic, everybody wants to rush and sell like Bitcoin no dey breathe..haha..

But the truth is that, patience is not something you just talk, it’s a mindset. If you have already seen price run to 120k before, why panic at levels we literally passed on the way up? It is like seeing the road before but suddenly acting lost on the way back. Makes no sense nw…

I understand that not everyone has the same risk tolerance.. Some people panic fast, some people DCA, some people just hold and vibe. But selling here… especially inside this kind of normal correction… it is just throwing away the ticket before the show start..

I agree with you and I like what you've said.

Being patient is all about how we keep ourselves calm at times like this and also the mindset that we put in the market.

Experienced investors shouldn't worry if we're seeing some dips and there's no need to panic during that time. If someone has to panic, they should have done that when we're on those prices $120k upwards.

The calm investors will just sit, watch and relax and will DCA silently until they're already for whatever is about to be shown.

I think it will be unwise to panic sell this period because the loss will be too much especially for those who accumulate bitcoin when the price was above $100k. Instead of panicking to sell at this period, it’s advisable to take advantage of the opportunity and stack even more bitcoin stash into your portfolio at such a reduced price. You didn’t sell When the price was above 100k, now you want to sell when the price is below 100k, that’s very unwise act.

[boyptc]

I agree with you and I like what you've said.

Being patient is all about how we keep ourselves calm at times like this and also the mindset that we put in the market.

Experienced investors shouldn't worry if we're seeing some dips and there's no need to panic during that time. If someone has to panic, they should have done that when we're on those prices $120k upwards.

The calm investors will just sit, watch and relax and will DCA silently until they're already for whatever is about to be shown.

I think it will be unwise to panic sell this period because the loss will be too much especially for those who accumulate bitcoin when the price was above $100k. Instead of panicking to sell at this period, it’s advisable to take advantage of the opportunity and stack even more bitcoin stash into your portfolio at such a reduced price. You didn’t sell When the price was above 100k, now you want to sell when the price is below 100k, that’s very unwise act.

It really is unwise. Selling at this point is not different from the past bull runs where people bought during the peak and have to sell when it has dumped. And that's because they've lost so much confidence to bitcoin thinking that it won't recover.

So, they took the loss and have panic sold because that's what they think was the best thing to do.

But I think those buyers at top if they have seen these past scenarios, they now have an idea that if they don't need the money and can hold. There's no need to panic.