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Sell or hold ?

  • Thread starter Thread starter Josemendez
  • Start date Start date
I'll really love to hear from this guy now because the price of bitcoin has risen drastically from the price he was working with then. How did he cope with the fall in price too?
Now there's hope for the coin - price is rising again
 
Sincerem said:
I can't sell my coins when their is no tangible profit recorded. Their must be profit before I decide to flip my coins which i brought.
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This is the main target for so many others too, but some don't meet up with the target due to emergency need for money.
 
There are certain coins if i had and at a specific cost or price i could consider selling or holding, for example, eth i could sell now to re-buy later not because to by they sweet but because now it on the high and i could sell for a good price and when it drops again buy in hope that it will rise again.
 
Invest money you won't be needing in a short time so that a situation won't arise that would make you sell your cryptocurrencies assets in losses.
 
Bookwormlux said:
Invest money you won't be needing in a short time so that a situation won't arise that would make you sell your cryptocurrencies assets in losses.
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Exactly , it's always better to leave some money alone for investing only , the money which will not be used for our daily needs. I would definitely save around 10%-15% of my income to investing in cryptocurrencies.
 
People sell their coins out if fear the last time the price dropped and many investors lost much of their investment but it is good hold and see what will happened.
 
Abibatabosede said:
Business is risk,so Bitcoin is not an exception,all you have to do is study,have foresight then you are good to go.
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That is true. It's risky also in Bitcoin. You don't know if the price will go up or down. I will buy when the price is low. I will sell when price is high.
 
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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If you are not comfortable with the fluctuating price of Bitcoin, sell your coins because half a loaf is better than none.
 
After this very bullish relation and the market is beginning to return back to normal I think this will not be the best time for you to sell your bitcoins because it is going to grow even more further.
 
uforwealth said:
If you are not comfortable with the fluctuating price of Bitcoin, sell your coins because half a loaf is better than none.
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Not in cryptocurrency and most likely not with bitcoin. Patience is all that we need in this period to survive the cryptocurrency market and make money from it.
 
Honestly though at a point it is always advisable to trade off coins to avoid regret except you plan to hold your coin for long time mostly for huge return.
 
Bookwormlux said:
This is the main target for so many others too, but some don't meet up with the target due to emergency need for money.
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Yes, emergency needs of money caused people not meeting up their target savings for a week, month and so on. The bills are simply much now.
 
akinlolu99 said:
There are certain coins if i had and at a specific cost or price i could consider selling or holding, for example, eth i could sell now to re-buy later not because to by they sweet but because now it on the high and i could sell for a good price and when it drops again buy in hope that it will rise again.
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Busines is always a risk we take in life so most of the time I always follow my gut when doing business , I prefer holding my coin even if its dropping, I prefer waiting for the time it increases before selling.
 
Alot of persons are still on hold as they believe it would Still grow higher, I myself I don't have any investment with Bitcoin so I am just observing.
 
Seriously, my advice to anyone who own any cryptocurrency asset is to never sell their assets no matter what anyone says especially during dip situations because you're going to be the real loser.
 
At the current price it will be a very good idea for you to hold your bitcoin for at least a few more months because I believe that it is still going to experience some very serious movement
 
That is why it is very pertinent that you as the investor need to have done your thorough job and analysis before making any choice as to wether to hold or sell or coin when you see the dip or pump happening
 
I have that indurance spirit to holdl to my coins for long time. I've been holding my coins for more than six (6) months today, and I'm holding it for 5 years.
 
Sincerem said:
Yes, emergency needs of money caused people not meeting up their target savings for a week, month and so on. The bills are simply much now.
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Nice that you understand. Though one can still be disciplined enough to make sure that they still spare some money to invest.
 
Bookwormlux said:
Nice that you understand. Though one can still be disciplined enough to make sure that they still spare some money to invest.
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Sure, those who are disciplined always make out some spare cash to invest and have hope of it growing with time. That's what I've been doing quite some time now.
 
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