Re: You'll sell at the bottom

When you decide to sell, be it today or tomorrow or whenever, chances are you will sell at the bottom. This will cause you massive depression, way worse than not selling at the peak to rebuy cheaper.

Buy and hold, or risk selling at the bottom and losing your position. After this dip stabilizes, we are going $2000.

I dont yet decide to sell im just buying when the price were being dump ,buy more until i can .when i have a target price i will only sell some .

I think that many people do exactly the same thing. Each person determines the price at which he is ready to sell his coins.
But selling in a recession is stupid. It is better to wait and sell at a high price

This situation enters the questoin why do you need or the reason for you to sell at that price. If i am i.e. i will sell bitcoins to gain some profit when price dumps .My point is i will sell at high price not at the bottom.

The point is that you don't know how the future pans out. You might think that the bottom is far, far below you when there is a downtrend. You may sell basis that reasoning and the trend may change.

The trend might change anytime without any form of indication, so it's good to keep track of the price move and sell at the right time. As mentioned what we think and the real variation happens in no time, which is the risk with bitcoin. So fixing a target and selling is good rather than expecting uptrend for a long.