Post
Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
Futurexxx
on 26/02/2025, 14:57:13 UTC
I have to go with @Dunamisx on this, the Bybit hack should only have a little effect on the market, Bybit is just an exchange and it's not all its money that was stolen. Perhaps you talked based on what is currently happening in the crypto market, it may happen with or without the Bybit issue, the $1.4b hack is too small to cause a serious issue in the crypto market. What happens now is a result of the persistent hovering of the market beneath upper resistance without a breakthrough due to the inability to attract more liquidity. This eventually created FUD in the market which resulted in what we see now. However, I see this as a temporary setback, so expect Bitcoin to move higher than before by the time it bounces back.

I hope it's temporary and the market recovers pretty fast.
That would be great to witness after this sell we see  Wink




.I see nothing wrong if you decide to take some profit while waiting to buy the dip  because the bitcoin market may make more dip for it to gather the momentum to continue to move in buy direction.
Why are you talking like this?
Are you actually a trader or an investor, because to the best of my knowledge it is only traders that think and speak such way, besides how much impact do you expect selling for minimal gains will have on your financial status, sincerely Bitcoin is no where near it peak price, and this is a moment we should be talking of accumulating more, in an  aggressively manner,  as long as it doesn't affect your ability to finance your upkeeps.
Furthermore, that pattern of selling off your holdings and think to buy at a more lower price is what makes most Investors miss the big spike in price that took Bitcoin to $109k, because they sold their holdings at $67k thinking to buy at a lower price, so it would be extremely unwise to make such a terrible mistake to sell now that you are still at your accumulation stage.