Is it gonna go up soon or should we cash out?
Bitcoin price outlook
19 replies 303 views
sell in loss ?
You want the inflated fiat?
We do long term investment here, and the bull run isn't over yet !
Buy instead.
Depends on you needs and how much you're holding.
Personally I think this is just a temporary glitch due to an emotional response to Bybit, I think it'll likely be back in the $110k region within a couple of weeks if it were me i'd HODL, but dont take my word for it I'm regularly wrong about where its going.
Bybit didn't do anyone any favours.
This happens when all you care is all about making a little profit amd then opt-out, it's somehow obvious that even if it rise a little as wll you will sell and be part of those contributing to the bear market.
Not trying to dictate how you should do your investment but if you want to keep up you need to consider a long-term investment plan, Btc doesn't just move in an upward trend only .. Don't let Panic overcloud your judgement.
whale_2015Member
Posts: 20 · Reputation: 144
#5Nov 2, 2020, 08:07 PM
Investing in Bitcoin is by individually. Sell at any time it pleases you, but make sure you sell at profits, not at a loss price. The market is unpredictable for any one of us to tell you that Bitcoin will rise soon. It can or will not, depending. Don't just place your mind on Bitcoin price without having long term investment in your mind. That will help you not to feel heartbroken when Bitcoin doesn't skyrocket as soon as anticipated by you
Bitcoin market is very fearful now.
The Bitcoin Fear and Greed Index is only 21 today but hours ago it was only 10, that indicates Extremely Fear in the market.
https://www.bitcoinmagazinepro.com/charts/bitcoin-fear-and-greed-index/
"Be greedy when others are fearful, and be fearful when others are greedy". It's time to be greedy if you have money for accumulating more bitcoin, but if you purchased earlier and stucked now, let's hold your bitcoin. Price will recover after all, the shock will go away and Bitcoin will continue its crawling toward new all time high.
I believe this market cycle does not top up yet, best is in coming months.
I'm digging into Btc's next move too. With all the recent buzz around institutional interest and ETFs, it feels like prices might climb, but you know volatility's always lurking. Anyone notice any solid signals, like on-chain metrics or trading volume, that tell us if we should hang tight or cash out?
No way I sell it in a loss. I prefer to buy back more Bitcoin. And with using same amount of money, I can get more satoshi
This situation is good to buy back and not sell it in a loss. You will see your money value will increase following the Bitcoin price increase. So you should use this moment for your own benefits.
No need to be afraid to buy back because there still a big chance Bitcoin price will increase higher. So that will your own personal decision to buy back or even sell in a loss. But if you decide to sell, you should not regret when you see Bitcoin price increase later.
pix3l_v4ultMember
Posts: 6 · Reputation: 80
#9Nov 3, 2020, 06:27 AM
The answer to your question depends on your investing/trading strategy.
If you believe the price will dump, then it makes sense to sell now and accumulate more once it dips hard. Its the same basic strategy.... buy low, sell high but the challenge is always about timing.
Since youre asking us, I think youre the only one who can answer your question, because youre the one managing your portfolio.
Just remember, weve seen many dumps before, but Bitcoin has always survived (looking at the bigger picture).
luckylaserFull Member
Posts: 24 · Reputation: 258
#10Nov 3, 2020, 10:17 AM
depends whether you're still profitable, this draw down is to be expected for most of people, I also happen to have the same thoughts and already anticipated BTC to go down before having another leg up of bullrun.
if you are investing long term, maybe see BTC chart and do some technical analysis, draw some conclusion from this, asking to buy or to sell is like asking financial advice from stranger and everybody will have different opinion.
but my long term outlook, I still believe BTC strategic reserve bill will be approved and increase adoption for BTC though, that's my stance right now.
HyperNinjaMember
Posts: 4 · Reputation: 86
#11Nov 4, 2020, 12:03 AM
Will it rise soon? (Yes).
But asking "Shall we sell?" is the wrong question.
Bitcoin always rises and falls, but the big picture is that its on an upward trend over time. If you truly understand how the market works, theres no reason to panic over these dips.
In fact, this isnt even the worst drop weve seen. Bitcoin has survived much bigger crashes in the past, and look where it is now, still highly valuable. Despite its volatility, institutional investors continue to pour money into it, securing their share of the supply. That alone tells you where Bitcoin is headed.
What you are commenting on is completely in favor of short-term investment. Because if you bought BTC for $100,000 and now you panic and want to sell, do you understand how much you are losing? Focus on long-term investment.
The price of Bitcoin has gone down after the Bybit hack. Remember that Bitcoin has no direct connection with Bybit. Everyone who has an account on the Bybit exchange has withdrawn their money and some new investors have withdrawn their invested money because they are scared of the BTC price dropping. After the Bybit exchange was hacked, they do not think it is safe, so everyone is withdrawing their invested money, which is why the price is falling.
I think an experienced investor would never even think of selling at this time, they would rather accumulate Bitcoin very aggressively at this time. And keep it for the long term.
We are all optimistic that we will see Bitcoin price at $150 very soon.
sigma_2009Member
Posts: 3 · Reputation: 43
#13Nov 4, 2020, 05:06 AM
If you ask about Bitcoin, I think now is not the right time to sell it so you and anyone should focus more on buying it because the current price of Bitcoin is already in a fairly low range due to the price decline in the last two days. So you have to be more confident in the increase even though you still have to be patient in waiting for it so what you are holding right now should not be sold in the current condition. Because if you sell Bitcoin in conditions like this, it is an action that is not appropriate for anyone to do.
hawk_atlasMember
Posts: 1 · Reputation: 93
#14Nov 4, 2020, 06:35 AM
Selling now is not the best thing to do. Remember in 2015 Bitcoin experienced little drop in price that some investors sold there's thinking it has lost its value, before it climbed in 2016 and they begin to regret there actions. Now is the time to practice HODL with constant monitoring and invest more that DIP is still active. I strongly believe it will go up soon
mike_wizardMember
Posts: 3 · Reputation: 143
#15Nov 4, 2020, 08:56 AM
We should consider the current correction as a sale.
Surely, the fear index is high, but our determination to hodl should be even higher
2025 just started, and we've got plenty of time to work with.
Thats a very big correction.
Don't worry, hodl happily.
Just don't panic sell
Why sell? Isn't the time to buy not sell when prices are low? But the decision is yours!
You ask will it go up soon? YES - ask me!
Indeed bitcoin experienced a deep enough correction from $100K to $85K that many will panic, but let's just keep calm and relaxed to address it... sometimes the bitcoin market needs a decline first after which it rises and bounces up.
The markets is at an undefined state now and selling at this point is very crucial because you might end up selling at a loss so you ought to be careful and still exercise much patience that's what I think I'll advice. Because the price it's still in an unstable rate and it might tend to rise sooner or later therefore if you're selling it should be at a very profitable price.
the question is, what's the implication of selling now? will you be at profit or in loss? this is the basic thing to be considered before you think of selling your bitcoin. no one should be in a better position of advising you on your sales decision since you are the buyer that knows the point you came and that is what defines the most convenient point to consider exiting the market.
from a general point of view, this retraction is a buying opportunity that has just presented itself so the best thing to do is to buy more rather than selling at loss. how far this retraction will go before going back to being bullish might be uncertain but with time we will get out of this zone, and it is only those that made the best out of this bearish moment that will be in good profit. don't sell, keep holding.