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Don't rush the decision to sell.

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Surely,it is a big loss if we do trade with out thinking. A big and famous businessman doing before anything, thinking about it mamy times .after think if he do it then he will make a many plan. And following own his plan if he get success then he working continuing and if he don't get success then he vaindup immediately. 

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The crypto currency is very volatile it can be up and down. But making hurry without waiting and without any analysis is never good. But yes there is also possibility the market can be down at next moment. Don't be greedy just predict and sell but don't make hurry. 

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On 2/16/2020 at 3:48 PM, Sasaki said:

Yes that's true, selling immediately without thinking what can happen next is a bad idea, crypto is very volatile and time to time it may change so if you become affected because of that and panic your crypto might become a waste. 

Good response mate and I think is bad habit actually in rushing to sell, because the price is fluctuating and nobody knows the actual limit it will stop and if we exercise patience we may end up of making times two of what we invested at first.

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 Indeed, you should always think before selling, in general in trading before buying and selling, you must study the currency well, and study technical analysis well to avoid losses, and you can consult experts in that. 

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I think you better hold Bitcoin a little longer, because the price is still really low. If you sell it now, I think you will make a pretty big profit. I think selling Bitcoin for under $ 15,000 is very unprofitable, because if you want to make a profit, sell Bitcoin when it costs $ 30,000.

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This is one of the mistakes most forum members do, they rush in selling and it is not good, you shouldn't rush in selling things out take your time and observe market and don't forget the range when you bought it from or the target you may have.

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Of course, we should not rush to sell our money without thinking. The rate of cryptocurrency fluctuates. So we have to be patient and wait for a good rate so that we can make more profit.

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This is correct talk and a very important topic. You have to work calmly, with confidence and diligence in order to get good results and when you work in trading, make sure that the currency you want to sell is of great value and high in order to earn money and profits above your balance.

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Yeah we shouldn't take the rush decision to sell the crypto currency in trading. We should hold them because the crypto currency price has many fluctuations. We should hold them patiently and when the price will increase, we should sell them in a high price. The profit of the trade is depended on the buy and sell. 

Edited by Momo_064

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It all depends on when we bought and how much profit we want to take from the trade, or if we are investing for long term, holding or hodling. When there is a break of major support, traders will have this tendency to sell all together, this creates a massive sell-off for Bitcoin and price drops too fast. This will scare late comers that may make the decision to sell right where the bottom is. 

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it is not only the Russian decision when you sale immediately when the rate starts falling so some of the times it is very right to do that because the rate only goes down

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When trading you have to make fast decisions every day , and you should not be hesitant at all , you need to pick the right moment to sell and the right moment to buy. But the worst decision you can make is to sell with a loss , I prefer to forget about the coin that I bought altogether, and when I know that it raised again then I sell it.

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24 minutes ago, Mrjerry said:

When there is panic buyers there is also panic sellers, emotions must be controlled, most of the traders especially new members panic sell. 

Yeah, but this post was created last year, a month before the panic sell that send Bitcoin from $10,000 down to $3900. It was better to sell early and wait for a dip that was coming. It was not hard to read the chart and there would be one with or without covid.

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You are absolutely right Taking decisions in hurry cost us badly latter in trading. We should remain patient and patience is much important factor in trading. Don't be panic by seeing the sudden downfall in price as it is normal in crypto market due to its volatility so wait for the best time for the recovery. 

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Yes its right, making decisions without thinking about the results of that decision will lead us to lose all our money so just don't hustle in selling your coins without thinking and predicting it's results. Make decisions of both selling and buying coins with proper research. 

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In these circumstances is when we have to remain calm in operations, since if we lose control and sell what we are going to do is lose money, in the operation in which we invest we have to always remain calm in carrying out operations, now that the price is always volatile decreases and rises in the price, this is very normal in the market and for this reason we must not rush to sell, so we must choose the price we are going to sell well.

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Selling should come naturally when one is satisfied with the profit He or She must have acquired over a certain period of time. Selling should never be done because of FOMO

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No doubt crypto business requires more patience and this comes with experience. Mostly the inexperienced people's faces this situation. Don't make hurry up to sell everything in these timings .Wait for some time until the prices are not goes to high level. Hope you will understand. 

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In such actions, we must make rational decisions away from emotions and haste, and this depends on our clear understanding of the market and our understanding of price variables and their causes, certainly hasty and making decisions to sell randomly, not useful, but sometimes dangerous.

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Anything can happen at anytime so selling coins without thinking what can happen next day is big gamble. When prices become high many people sale coins but prices become even more high in next day. 

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I agree with you, don't rush into making the decision to sell the Bitcoin that we have because it could be that when we sell in panic it will actually hurt us because the temporary decline in Bitcoin prices is usually caused by a whale. . For that, don't rush into making decisions by selling Bitcoin. Be patient and wait for the right time so that the benefits are many.

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This is true, my friend, because cryptocurrencies have a lot of volatility and movement, so you have to choose the right time to sell and not give any mistakes because you may lose at a time when you must have won, so you have to be patient and work with good accuracy in order to ensure a good profit for you

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When the price of Bitcoin goes down, people will buy it and make a profit. It is very bad for those who can't rush to sell the currency for a long time and hold the currency. People who lose money are inexperienced and have no knowledge even though it is not at all reasonable for someone to sell their currency when faced with financial problems ...

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When the capital of your money is small, you do not enter into one currency and remain waiting for profit, not content with profit, and greed remains inside you, and this is a wrong thing at every goal that you must seize your profits.

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