regrets after selling Bitcoin mostly happens because no one can perfectly predict the coin market.
Prices move up and down it's just based on supply demand and sentiment.if after buying,the price goes down immediately just wait untill it's goes up if you are not urgently in need of money at the time,you just can't predict this things.but it's always save to buy coins when the prices drop .
Your statement here is wrong, Being urgently in need of money should not be the determinant for selling bitcoin, people regret selling bitcoin because they sold early and because they chose to trade with bitcoin rather than invest in it which is a financial mistake, no one should be trading with bitcoin on any normal circumstance instead just keep accumulating with DCA, waiting for the DIP when you can DCA is also a financial mistake as it shows a tendency to sell immediately the price goes back up so don't be telling people it's okay to sell if they are urgently in need of money, this is why having an emergency fund in important as an investor so you don't ever have to sell too early.
First of all, anyone that feels like because he is urgently in need of money, his Bitcoin holdings is the only option , so he has to sell to have money, it's either that person is not investing with his discretionary income or he has no emergency or reserve funds in place that protects his Bitcoin investment, because if he is truly during the right thing, their is no way his Bitcoin holdings will be the first financial casualty just because he is in serious need of money.
So it's either the said fellow is not investing with his discretionary income or he did not put down measures to safeguard his investment like having an emergency or reserve funds in place for the rainy days.
People still keep making the mistake of investing in bitcoin outside of their discretionary income and fail to set up emergency funds along the way of their investment, this usually puts them in a tight spot which is usually impossible for them to get out of, anyone investing in bitcoin should invest with their discretionary income and should always consider setting up an emergency funds just incase things go off the rails.
The best time for buying is at low price and I think if you sell your coins with profit then you should not regret after Fluctuations in coin price because you have already taken your profit so ready to make another step instead of regret about past.
If you are in doubt about other coin then just buy bitcoin now and don't sell until you achieved your target. This time is not suitable for selling but if someone is in huge profit and he cannot hold longer then selling should be preferred. Understand the market and accept your profit but I think if someone is selling their bitcoin without waiting more so he will miss the opportunity of having huge profit in Bull season.
regrets after selling Bitcoin mostly happens because no one can perfectly predict the coin market.
Prices move up and down it's just based on supply demand and sentiment.if after buying,the price goes down immediately just wait untill it's goes up if you are not urgently in need of money at the time,you just can't predict this things.but it's always save to buy coins when the prices drop .
Your statement here is wrong, Being urgently in need of money should not be the determinant for selling bitcoin, people regret selling bitcoin because they sold early and because they chose to trade with bitcoin rather than invest in it which is a financial mistake, no one should be trading with bitcoin on any normal circumstance instead just keep accumulating with DCA, waiting for the DIP when you can DCA is also a financial mistake as it shows a tendency to sell immediately the price goes back up so don't be telling people it's okay to sell if they are urgently in need of money, this is why having an emergency fund in important as an investor so you don't ever have to sell too early.
You are correct to point out the issue ZeroVinsonN since each of us should be striving to set up our finances and our psychology in such a way that we are not feeling urgent about money, and we should be attempting to put cash cushions between our bitcoin and our weekly/monthly expenses so that we may well not need to sell any bitcoin for 4-10 years or longer after we buy them.
Jumping straight to selling bitcoin when in financial constraint just shows that the investor is not really an investor, preparedness is one quality an investor should have, they should always make provisions for situations like this one where they need money urgently, these provisions are there to make sure their investments aren't touched during the duration of their financial need
Once we establish a large enough bitcoin stash, then perhaps at that point, we might start to sell bitcoin from time to time, yet if we build our bitcoin stash, it would most likely take longer than 4 years before we might start to feel that we might be in a position to start to be able to sell some bitcoin, even if we might have had gotten to overaccumulation (and/or front loaded our bitcoin investment) earlier in the process.
Exactly, an investor should only sell parts of his bitcoin when they are ready to sell and this happens when they have accumulated for the right period of time which will take years to get to as building the up your investment in bitcoin won't work on the short term, waiting for a few cycles gives the investor a better standing point from which to start selling which means that their sales are never made unexpectedly.
It may well be that Youngrebel is thinking about bitcoin as a trade rather than as an investment, so bitcoin becomes more scary when it is considered in that kind of a way - especially since bitcoin tends to be so volatile, which is another one of the reasons that frequently we need to build a cushion of funds between our regular money for expenses and our bitcoin that hopefully we are building until it gets to a large enough status that we might start to feel comfortable selling some of it from time to time.
Guys who consider bitcoin as a trade might never get to status of feeling comfortable with their bitcoin because they are ongoingly considering when to get in and/or when to get out.
That would most likely be the case here, but thinking about bitcoin as a trade only makes sudden changes in price seem like winning a jackpot or a death sentence depending on which way the price swings, bitcoin should not be approached like this, people going into bitcoin should do so with investment being the sole reason in their minds