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Sell or hold ?

  • Thread starter Thread starter Josemendez
  • Start date Start date
I would have sold it. Because now cryptocurrencies price is too high compared to past year. Maybe at the end of the year the price could drop a lot. I will not take the risk
 
Josemendez said:
With the current Bitcoin price hitting the all time high of $21,000 , what could be your plan ?

Permit me to remind you about what happened some years ago , when Bitcoin reach $20,000. There was a huge decline in the price of bitcoin, investors saw the price going as low as $3,000 afterwards.

Now there is panic o we whether a similar trend will happen or not . As for me , definitely the price willfall but it won't be that much as feared ,because presently Bitcoin has many top investors ,such as MicroStrategy , who has promised that the Bitcoin the company possed will be held for long .

I am holdl , and will only sell off the interest made as compared to the price at which I bought .

What is your own suggestion ?
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I am holding mine for now. But I have a small amount, the best for big collectors would be to sell to see their investments come back. Many mining rigs will probably sell at peak (maybe 24k) and then get more machines to mine it. Probably it will drop by january, but there are a few big companies who started using it so who knows.
 
Shole said:
I am holding mine for now. But I have a small amount, the best for big collectors would be to sell to see their investments come back. Many mining rigs will probably sell at peak (maybe 24k) and then get more machines to mine it. Probably it will drop by january, but there are a few big companies who started using it so who knows.
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I don't see why it is going to drop in January considering the fact that PayPal is venturing into cryptocurrency usage by January , this will affect market positively as many payoal users will buy more Bitcoin.
 
Josemendez said:
I don't see why it is going to drop in January considering the fact that PayPal is venturing into cryptocurrency usage by January , this will affect market positively as many payoal users will buy more Bitcoin.
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Oh is it, I was not aware of it, damn then it will stay still for a while. As I posted in another thread it will fluctuate between 20-24k for the next few months. Damn, I didn't know that, thanks for the awesome info, that means my miners are going to be put to some good work. I was thinking after the rush usually follows a drop as a lot of people might sell it. I'll keep an eye on it, thanks for the info.
 
Shole said:
Oh is it, I was not aware of it, damn then it will stay still for a while. As I posted in another thread it will fluctuate between 20-24k for the next few months. Damn, I didn't know that, thanks for the awesome info, that means my miners are going to be put to some good work. I was thinking after the rush usually follows a drop as a lot of people might sell it. I'll keep an eye on it, thanks for the info.
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$20k is not longer a resistance for bitcoin anymore probably at $24k we may witness any resistance but if there is none then till $29,000 which may be early January.
 
Shole said:
Oh is it, I was not aware of it, damn then it will stay still for a while. As I posted in another thread it will fluctuate between 20-24k for the next few months. Damn, I didn't know that, thanks for the awesome info, that means my miners are going to be put to some good work. I was thinking after the rush usually follows a drop as a lot of people might sell it. I'll keep an eye on it, thanks for the info.
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Well, the fact is that after a rise , there is normally an anticipated fall , buy this may happen or may not , however statistics has shown that Bitcoin price who drop much if there should be a drop , because the big names like MicroStrategy that have invested in Bitcoin has no plans to sell of their coins.
 
ahmedo24 said:
$20k is not longer a resistance for bitcoin anymore probably at $24k we may witness any resistance but if there is none then till $29,000 which may be early January.
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You think it won't have a big drop? Would you sell your bitcoins now or are you waiting as well?
 
FollowingMyDREAMS said:
I know Ahmedo but still we will see what will happen in the next several months, when people will need money and withdraw their coins by selling them.
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Bitcoin is hot cake now my friend if people decided to sell now there are enough buyers ready to buy them because they have the believe it will go higher next year.
 
With my experience in the crypto world, I would advice you to sell it now and buy it when it goes down except you have a high voucher on it, if not if the currency you bought is low, it is best to sell it now if you don't want to lose greatly
 
I would like to hold my coin because bitcoin price is increasing and most of predictors said it will be go on $50,000. A long term haul always gives you the benefit so why not wait little more and earn more money
 
With bitcoin price surging recently, then it is high time for people who were holding it to sell and enjoy the profits. It is also a good time to buy and hold it as its price is still expected to increase. Bitcoin now has many great investors and that makes its price to go on increasing.
 
The price of Bitcoin will determine if you are to sell or hold the bitcoin. Purpose of investing in Bitcoin is to make profit. Once the price goes up I will considering selling and keep some of the Bitcoin. But when the price is not stable, that is it's fluctuating, I will considering holding. And I believe the price will shoot up again till I can sell.
 
I think the best time to sell bitcoin may depend on individual needs for money, planned Interest rate and the duration of investment. For instance someone who had invested since March by now he or she has made enough.
 
Bitcoin price is likely to fall anytime soon. But this is only a prediction.
Personally, I am awaiting the price to fall so I can buy some... We are just anticipating, no one is sure how the market will go.
 
For now keep on holding it don't sell since it keeps on appreciating as the days go by I'm sure it would have a higher value next year. You can just keep on adding little to the ones you have and when you think you're okay with what you have invest those coins and see how you'll become a millionaire.
 
I think investing is better, ofcource this is third option, but if you want only from sell or hold, then it is personal choice.
Hold till you want to sell it,
Of better sell to get real money only if you want.
 
The price of bitcoins is highly volatile and unpredictable and as a result for i will not hold my bitcoin for long as the price may come against you anytime which May be of great lost to the holder,i will rather sell it out at this moment
 
Josemendez said:
With the current Bitcoin price hitting the all time high of $21,000 , what could be your plan ?

Permit me to remind you about what happened some years ago , when Bitcoin reach $20,000. There was a huge decline in the price of bitcoin, investors saw the price going as low as $3,000 afterwards.

Now there is panic o we whether a similar trend will happen or not . As for me , definitely the price willfall but it won't be that much as feared ,because presently Bitcoin has many top investors ,such as MicroStrategy , who has promised that the Bitcoin the company possed will be held for long .

I am holdl , and will only sell off the interest made as compared to the price at which I bought .

What is your own suggestion ?
Click to expand...
By virtue of the above, I consider that the most advisable thing to do is hold! It is preferable to wait to see how the market behaves, indeed the price is expected to fall again, perhaps not as much as many expect but if a drop in price is expected ... it is preferable to wait
 
I would say hold if you are capable of affording the loss, but if you are a small individuell who likes to make profit from quick deals, then sell
 
GeneBiz said:
By virtue of the above, I consider that the most advisable thing to do is hold! It is preferable to wait to see how the market behaves, indeed the price is expected to fall again, perhaps not as much as many expect but if a drop in price is expected ... it is preferable to wait
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Wait ? , Is it for new investors or for those that invested before the present bullish run of Bitcoin? . As for me I agree that new investors should wait , why existing ones should observe the market
 
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