Quote from: ginsan on December 07, 2023, 08:07:28 PM

Quote from: summonerrk on December 06, 2023, 08:31:36 PM

I always feel sorry for those people who invest in Bitcoin, doing it well and at a low price. But then they are forced to sell Bitcoin because there is no money. Although they would not have sold it in any other case.

So that's what is called a big mistake in the investment they made. Everyone has made the mistake of selling too quickly and it was a rash decision they made. I see many who take quick profits when the market moves up recently but it is still difficult for them to find a lower price like the first entry they made. However, there are also those who apply the buy back strategy to increase their BTC holdings from the profits they get.

Your assumption that everyone has made such mistake is very wrong there are lot of people here in this forum who still holds Bitcoin since when bought about a more or less 10 years ago but haven't sold they Bitcoin due to a well planned investment strategy.

Most people whom are selling for some reasons such as personal issues are likely due to lack of proper planning, it also advised to invest what cannot in anyway affect your standard/cost of living i.e make reservations of extra funds for emergency situations etc to be well prepared for investment.

Some people just wake up and use almost all they have to invest in a business (investment) and when something goes the opposite of their expectations everything crashes all because of lack of planning if you have been reading through this thread you will find out what is required before going into investment. so not everyone is victim of selling their Bitcoin real quick because the have a well planned investment strategy.

Quote from: ginsan on December 07, 2023, 08:07:28 PM

Especially those who sell quickly are traders and not those who invest in the long term. So it's not surprising that the sell order wall is high because they take profits quickly. I think there are many factors that they might regret their hasty decision to sell because if Bitcoin could close at $50k in the near future then they missed a bigger opportunity to make a bigger profit / and that's just a small example)

For those who can hold longer and continue to buy on dips, they are potential new rich people someday and we have seen the adage that Holding is a winner.

Trading Bitcoin is equally gambling and those who gambling stand a chance of 50-50 with it either they loss or win.

Quote from: Onyeeze on Today at 05:50:56 AM

People sell rush and sell their coins because of the kind of investment they are into, People who into short term investment probably rush to sell so that they will not lose opportunity to, and people who is into prolong investment will deem it fit to ensure that they have keep their coin until bitcoin reach to a particular amount they wants before selling.

Let's think logically, not everyone who is selling their Bitcoin now is a short term investors or whatever you call them, one can actually be selling because they have reached their purchase target and have extra cash reserved instead of having this funds in cash which will depreciated in value due to inflation they (few) sometimes buy the dips and sell in the bull market hence making extra profit whereas the still have their original holdings in their portfolio so it not everyone who is selling is short term investors.

Disclaimer: the example below is an imagination

Let's also put it differently, if you have a purchased up to 50 BTC and you have about a 10k coming into your cash flow you can buy Bitcoin during the dips and sell in bull run take the profit, and fund your lifestyle, travel, go on vacation etc so when you see people sell it may not be because they are short term investor but it maybe for such reason as the example I gave above.

Quote

myself I will not sell my bitcoin for now and I can never sell bitcoin because I know that the price of bitcoin is increasing day by day and selling now I might regret my actions and decisions later so it's rather for me to keep my coins and check what 2024 bullrun will yield

I would love you not to contradict yourself. you will not sell your Bitcoin now or you will never sell you Bitcoin?
if you say now it's clear that you know what you want but when say never it contradicts the first sentence, first I have said this before that the illusion created around holding is not right the goal of buying Bitcoin is either for profit which equally means you will sell at some point or for participation in the ongoing trend of new paradigm.
from what you have been saying it's clear that you want some profit from Bitcoin so saying you will NEVER sell your holding is an over exaggeration.

Quote from: JoyMarsha on December 06, 2023, 11:58:57 PM

Quote from: Popkon6 on December 06, 2023, 04:53:41 AM

Be careful, never sell bitcoins because someone is greedy for money because the price of bitcoins has increased. Learn to buy bitcoins, not sell them.

I don't think someone would want to sell their bitcoin at this time just because they are greedy for money when they are fully aware that the Bitcoin that they are holding can give them profits in the future.

Anyone that you see who sells their bitcoin now is doing it for financial reasons and not for greed. I can't have an urgent need of money and you expect me not to sell my bitcoin so that I won't appear greedy, whereby I know that I can buy bitcoin back at any time I have the money to.

In everything before you go into investment you should at least have some funds that can be used to sort out frequently arising issues such as health etc not with your investment amount like I have said before it usually as a result of lack of proper planning that will cost anyone to sell the holding for such financial reasons.

Even you can buy Bitcoin at anytime it's not guaranteed that you will meet bitcoin at the same price which bought before and like we do say delay is dangerous, you could miss out some opportunities while waiting for the so called price to dip before you buy again.