Quote from: lizarder on Today at 07:46:19 AM

Quote from: Moreno233 on August 05, 2024, 10:10:49 AM

To the average investors, this can be very troubling as many will be considering to sell to avoid further depletion of their asset. But is this the right thing to do? Do you plan to sell now to avoid further loss?

Many people in some of the groups I know are thinking about converting to USDT to convert back to BTC after the rainfall stops but I don't thing this is a wise decision. Personally I have resolved to continue buying this time. What do you think?

It's still a debate about right or wrong in this case, but I can say it's wrong to sell for reasons to avoid losses because bitcoin is experiencing a decline like most people do. Even though we understand how the market works at all times, there are times when conditions go down or up and that should be the answer not to sell in those conditions. When an investment is made for the long term this does not affect anything because people expect ATH as a step to sell it.

About the decision to sell then keep USDT to make it easier to convert back into bitcoin and whether it is profitable. My answer is no because when people take the wrong approach to selling or accumulating purchases, it will actually cause losses. For me it is better to hold on to holding and it is better to apply a long-term investment pattern to bitcoin investment problems.

Actually it would really be depending on what kind of investor or trader you are on which it would really be that basing up whether you would really be holding up your position or you would really be that accumulating even more at the bottom. We do know that when it comes into this aspect then it cant really be avoided for some time that you would really be having that kind of impulsive emotions that would really be leading up into panic on which it causes up for you to think that you should sell your coins to avoid further loses but we should really know on the first place that having those cutting loses will really be just that making the situation even more worst. Instead on doing such thing then why cant really just that making up some buybacks instead of panic selling? We do know that the market wont really be just having a single movement to take or path to go into.
There are really those times or moments on which you would really be thinking up that you would really be needing to sell specially if you do lack sufficient experience towards this market then most likely you will really be doing it.