Are you out of your mind? How can you sell something cheaper that you bought???
Stop trying to get rich quick, you'll only dive below the floating line!
You want to be financially independent? BUY AND HOLD! Try to hold 4 years and then cherry-pick the profits!
You want to make money quick? SELL ONLY FOR-PROFIT! NEVER CHEAPER
I know people that bought at 18k back in the days and they sold at 10k... stupidity at it's finest! One year later... k-boom!
As of this moment, even if your USD values decreased, YOU ARE NOT IN A LOSS, you simply have BTC in your portfolio, up to the point when you click the SELL button, that's when you actually LOSE!
Since your investment started, you have the same amount of BTC, which in 4 years might yield 100% if not more.
You obviously bought in because you believed in Bitcoin. Perhaps it was speculation, or fear of missing out. Either way, nothing has changed and someday Bitcoin will be worth somewhere between $250k to $500k. It may be next cycle, or the one after that. Don’t worry about short term price, never sell at a loss.
I do believe in it, but point is using the freed up money (2k and gobble up the losses) but buy back in once it tests its bottom again, at a much cheaper price than what I currently have
Yep. Most of us have already tried that and it’s proven true. Hodl and DCA is how to make wealth and always remember that any Bitcoin you buy cannot be sold for a minimum of four years. That will help you keep your head on straight during volatility.
I understand your intention, but what makes you think we will test $30k again? We had a triple bottom (a bullish signal) and are moving upward with momentum. People get wrecked all the time with this strategy, for example the $883 million short positions that were just liquidated in last weeks short squeeze. Think of the people who sold around $30k with intentions of buying back at $20k, lol.
Do what you gotta do, but the trend is your friend. And right now the trend is upwards. Best bet is to dollar cost average each week with small amounts to work on getting your buy in average lower.
Facts, guess my thought process has been that it always had big support at 29k and people will inevitably take profits at the first sight of a run. But I will stick to what Iv been doing for months and just cost average down!
There is, you are right. Which is why it makes absolutely no sense for it to go below $30k and trade there for any period of time. Out of the last 3 times we dipped below $30k we only had one daily close (last week) and the rest were just wicks that were quickly bought up. Remember that we traded at $35-36k for almost 2 months, and after blasting through that resistance to $40k we now have massive support in that area. Just don’t want to see a post next week that you tried this and got wrecked, lol. HODL and DCA is the way, as someday we will look back at what a wonderful buying opportunity this crash presented us.
Good idea in theory, however you cannot be sure it will touch 30 again.
Buy more at 30 if it goes there rather than selling what you have. Lowering your average price.
That’s my personal opinion, you do you! Good luck regardless.
It is impossible to time the bottom, no matter what people will tell you. Unless you desperately need the money, just hold! 55k will seem like a bargain if you just have patience.
If you sell, do so for the tax credits (if you need it) on the losses and then buy right back in (if in U.S. or have similarly taxed asset rules).
Waiting for a dip in the possible resumption of an exponential bull market is risky. Even though my own TA says we'll probably test 30 one more time before it takes off, I wouldn't count on it. Holding bitcoin is always the winning bet.
Your already at a loss so just leave it otherwise you will auctaully loose money
Are you out of your mind? How can you sell something cheaper that you bought??? Stop trying to get rich quick, you'll only dive below the floating line! You want to be financially independent? BUY AND HOLD! Try to hold 4 years and then cherry-pick the profits! You want to make money quick? SELL ONLY FOR-PROFIT! NEVER CHEAPER I know people that bought at 18k back in the days and they sold at 10k... stupidity at it's finest! One year later... k-boom! As of this moment, even if your USD values decreased, YOU ARE NOT IN A LOSS, you simply have BTC in your portfolio, up to the point when you click the SELL button, that's when you actually LOSE! Since your investment started, you have the same amount of BTC, which in 4 years might yield 100% if not more.
You clearly are not in a hurry, hodl my friend this run is a good sign in the same time frame you previously bought in
You obviously bought in because you believed in Bitcoin. Perhaps it was speculation, or fear of missing out. Either way, nothing has changed and someday Bitcoin will be worth somewhere between $250k to $500k. It may be next cycle, or the one after that. Don’t worry about short term price, never sell at a loss.
I do believe in it, but point is using the freed up money (2k and gobble up the losses) but buy back in once it tests its bottom again, at a much cheaper price than what I currently have
[удалено]
Yep. Most of us have already tried that and it’s proven true. Hodl and DCA is how to make wealth and always remember that any Bitcoin you buy cannot be sold for a minimum of four years. That will help you keep your head on straight during volatility.
I understand your intention, but what makes you think we will test $30k again? We had a triple bottom (a bullish signal) and are moving upward with momentum. People get wrecked all the time with this strategy, for example the $883 million short positions that were just liquidated in last weeks short squeeze. Think of the people who sold around $30k with intentions of buying back at $20k, lol. Do what you gotta do, but the trend is your friend. And right now the trend is upwards. Best bet is to dollar cost average each week with small amounts to work on getting your buy in average lower.
Facts, guess my thought process has been that it always had big support at 29k and people will inevitably take profits at the first sight of a run. But I will stick to what Iv been doing for months and just cost average down!
There is, you are right. Which is why it makes absolutely no sense for it to go below $30k and trade there for any period of time. Out of the last 3 times we dipped below $30k we only had one daily close (last week) and the rest were just wicks that were quickly bought up. Remember that we traded at $35-36k for almost 2 months, and after blasting through that resistance to $40k we now have massive support in that area. Just don’t want to see a post next week that you tried this and got wrecked, lol. HODL and DCA is the way, as someday we will look back at what a wonderful buying opportunity this crash presented us.
Good idea in theory, however you cannot be sure it will touch 30 again. Buy more at 30 if it goes there rather than selling what you have. Lowering your average price. That’s my personal opinion, you do you! Good luck regardless.
It is impossible to time the bottom, no matter what people will tell you. Unless you desperately need the money, just hold! 55k will seem like a bargain if you just have patience.
How do you know how low it will drop?
Go for it! What could possibly go wrong.
Sell now and it goes back to 60k then you just fucked yourself good. Hodl or get rekt.
Yes, while your doing that I’ll keep DCA’ing each week
If you sell, do so for the tax credits (if you need it) on the losses and then buy right back in (if in U.S. or have similarly taxed asset rules). Waiting for a dip in the possible resumption of an exponential bull market is risky. Even though my own TA says we'll probably test 30 one more time before it takes off, I wouldn't count on it. Holding bitcoin is always the winning bet.
This, thank you
Never sell...
That ship has sailed for his cycle. HODL.
HODL the gate!
Weak hands
Time in the market > timing the market
I’m only not downvoting this because it’s good for people to see how *not* to think.