06-15 12:54 - 'Sell or hold opinions.' (self.Bitcoin) by /u/mnk12345 removed from /r/Bitcoin within 3-13min
''' I know obviously people can’t predict the near future, however I just want to hear about people’s opinions on the current dip. Would it be wise to sell now, and then re-buy once the price falls lower? Or should I hold onto what i’ve got and see the dip out. Just want to hear the opinions of people on the sub reddit as I am fairly new here and would appreciate any advice. ''' Sell or hold opinions. Go1dfish undelete link unreddit undelete link Author: mnk12345
I'm thinking of selling most of my stock holdings(play money) and putting it in bitcoin. Good idea or nah?
If I ever want to make any money for retirement I feel crypto is the faster way. Also, how many of you have sold your non-crypto investments to go long on bitcoin? I'm still going to keep my IRA and in the future contribute 50% to my IRA and 50% to crypto.
Repeat after me - "I have no moral obligation to buy, hold, or sell Bitcoin just because others want me to do so."
If you have read my previous posts and comments on this subreddit, you'll know that I'm a huge proponent of Bitcoin in specific, and of crypto-currencies in general. I think that they're revolutionary, game changing, world shattering, and the tip of an iceberg that could potentially restore freedom back to the US and the rest of the world. That being said, let me give you a bit of advice from someone who specifically studied the psychology of trading in a forum based environment when forum members had something to gain. Don't listen to ANYTHING that anyone tells you to do on a forum where others have something to gain by telling you to buy, hold, or sell at any particular time. Use you own mind, and your own thoughts, as they are our truest weapons of survival and prosperity as humans, and we give up that survival and prosperity when we let others think for us. The statement above was hard earned through the tech bubble, the banking crisis (where I saw the Fed Chairman lie directly to the public) and by closely watching the forums of gold game ponzy investments, where the cheer leading, nay saying, and self-delusion often reach psychotic levels. So, what am I saying with this post? Should you buy or sell or stuff your bitcoins in your mouth as a ward against demons? I'm saying that you need to think. Forget about what you want to happen at this moment, and sit down with a pencil and paper and start diagramming out all of the possibilities that could happen, how likely you think (not feel, but think) they are to happen, what impact they will have if they do happen, and what strategy you can use that gives the best results based on this. And if your strategy is to hold, then hold. If it is to sell, then sell. If it is to buy, then buy. If it is to sell now to possibly buy cheaper, then do so. And don't let anyone tell you that you're wrong, evil, or an asshole for using your mind and doing what you want with your property and resources. It's yours not theirs, and they are wrong to even suggest that they have a claim to what you do with it.
Newbie Question: if Bitcoin goes down in price will iota be worth less in bitcoin value ? I’m curious i dont know if i should sell when bitcoin goes up or to hold my iotas? My friend sold his and with the profit of bitcoin bought more i’m just holding the little i have
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