Post
Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
Cryptoprincess101
on 12/11/2024, 06:20:03 UTC
This is the period to sell your bitcoin, if you are still holding bitcoins in your wallet, do your self a favor to release your bitcoin because the price has increased above $82,000,  I don't think it will hit the price many people are waiting to see this year which is $100,000, but it will definitely get to that price before the end of next year, do you think it will reach $100,000 this year? With my observation, this is not  time to buy bitcoin from the market because the price has moved higher which will not allow people to make good income whenever they want to see in the future.
We can see bitcoin all time high of $89530 now an investor can sell bitcoin and still hold his investment but it is his personal choice. Here people will not pressure anyone to sell the investment they are holding because I am holding my investment but again I have set a certain price in myself that I will sell my investment if it goes to that price. Bitcoin's current upward momentum suggests that Bitcoin will cross $100,000 by November. You might be guessing that Bitcoin won't reach $100,000 this year, but if you look at the current Bitcoin market, you must have dispelled that misconception. I think bitcoin will touch $100000 within these few days.

To me it sounds that you don't have very long term plans in regards to your bitcoin 2Pizza410000BTC, and you are planning to either try to trade them or you are just wanting to lock in dollar profits.

A lot of folks failed to get rich and stayed poor in their fucking around with trading BTC.. but yeah, of course, you can do whatever you want if you think that you are smarter than the market.

Quote
There are so many others who have same trading mindset just because of the current uptrend in the price of bitcoin but they forgot to understand that they may not buy back at lesser again which means they either have to wait till the price gets some corrections or consider buying higher than they sold. No trader can really outsmart the market because the more they try to, the more they find themselves in a more difficult and confused state.
          If not for poor mentality of traders, they would have understood by now that bitcoin is worth more profitable by hodling than trading. Maybe they still want to be sticked in their poor state and not employ a wealthy mentality of hodling. Too bad...


So yeah, so far you are in the midst of a trade.. since perhaps if we go by your forum registration date, you started around 18 months ago - ish.. .

NO JayJuanGee, you can't analyze a user by merely estimating the time frame they registered in the forum because there are people who knew about bitcoin and started hodling earlier before they found the forum except for someone who has already made it clear that they knew about bitcoin from the forum and also started making investments after then.