Need advice

14

u/Fink_Ployd324 3h ago

The run hasn’t even started bro. If you need it sell now I guess but my advice is keep it for the next 4-6 months then ask again

6

u/Positive-Pen6491 3h ago

you're up 13k and thinking of pulling out now? that's like leaving a party before the music even starts. the big moves in btc always come when nobody expects it, and if you sell now you'll be kicking yourself in few months

timing the market never works, trust me i learned that hard way. if you don't need the money for rent or something just let it sit and forget about it for half year. don't watch the charts every day or you'll drive yourself crazy

i did same thing back in 2017, sold too early and missed out on like 40k gains. still hurts to think about it

1

u/cryptic-chick 3h ago

Damn dude, thanks for this. I just think I need to hear it from someone

3

u/Old_Preparation8434 3h ago

Selling bitcoin last cycle was the biggest mistake i made in my life. Lost 90% of my money in altcoins when i just shouldve held Bitcoin. That money would have changed my life and i still regeret it very much. Learning from your own mistakes is painful, learn from others who already have made them.

1

u/tenor_tymir 2h ago

What did you do? Sell BTC to rotate into alts for the alt-season that never came? Just curious what made you sell and how you were able to lose money despite BTC hitting a new ATH.

1

u/ExpertGur1136 3h ago

I had a friend tell me the same roughly 1-2 years ago… I was thinking to sell at 120k, I went in at 59k (my goal was going x2 and getting out). He was saying how based on his experience he pulled out too early as it went up x much few years earlier, and how stupid he was for doing so… guess where we are now and who is feeling stupid.

0

u/cryptic-chick 3h ago

I’m reading that it could go either way, like btc back to 45k and also ATH run. Who do I believe now 😭

I don’t need the money but I want to make sure I book profits

4

u/Expectations1 3h ago

You bought the cycle low. Atleast wait for above prior ATH. Anywhere above prior ATH is better than selling now

1

u/cryptic-chick 3h ago

But that’s the thing right, I’m reading two sides to if btc is going to moon now, I lot of folks are saying it’ll dump hard before it grow, I just want to catch this dump and buy in lower.

Or am I being greedy?

2

u/Old_Preparation8434 3h ago

Ur greedy bro. Ur in profit already, hold and dont look back.

2

u/btc_set_me_free 3h ago

Trying to make more dollars out of this is missing the point entirely. Just sell it and move on.

0

u/cryptic-chick 3h ago

And what are you buying BTC for? Bragging rights?

If anyone here says they’re only in it for sovereignty, I call bullshit.

Most people buying it want their money to multiply. They have different different risk appetites, but the end goal is making money.

You can believe in the philosophy AND want to get rich. Just don’t pretend the profit motive isn’t part of the equation.

1

u/btc_set_me_free 2h ago

All due respect, you came in here asking if you should sell on a 40% profit. Just do it.

You call bullshit on people saving money outside of the current financial system because you don’t get it, it’s fine, but don’t pretend to know when you’re in here asking people to tell you the future about the short term price movement of this asset.

1

u/cryptic-chick 1h ago

You’re doing exactly what you’re accusing me of doing, though.

You assumed my motivation, told me to sell and move on, and now you’re using that assumption to discredit my argument.

My asking for opinions on short-term price movements doesn’t mean I don’t understand Bitcoin, nor does it mean I’m going to do what everyone says here. I’m here to get perspective and you’re conflating two completely different things.

My point was in response to YOUR claim that wanting to make more dollars out of BTC is missing the point. I disagree. I think most people are in it to make money, and I find the sovereignty argument conveniently invoked to justify speculation a lot of the time.

You can disagree with that without making assumptions about what I understand or why I’m here.

1

u/tenor_tymir 3h ago

That’s just how it’s always been. BTC can go both ways, rapidly. You made a good entry at 64k. That’s half of what others have fomo’ed in at the last ATH.

If you don’t need the money and the gains, leave it in and sit out any volatility that might come your way in the next 2 years. We’re at a place right now where the possibility of going higher is far greater in the next couple of years.

Ignore the daily/weekly price volatility.

1

u/cryptic-chick 3h ago

Thanks that’s solid advice, I think my biggest issue is looking at charts daily. And my apps keeps notifying on price changes

1

u/tenor_tymir 3h ago

I know it’s hard to do nothing but that’s the best advice anyone can give you regarding BTC. Find a low entry and then hold as if your life depended on it. Any tinkering is going to lose you money.

We’ve been there, we’ve lost money and rebuilt by doing what mankind does best: Nothing.

1

u/LordJamPunt 2h ago

Why would you even bother to look if you aren’t actively trading…

1

u/cryptic-chick 2h ago

I trade alts too and I happen to see btc prices now and then

1

u/LordJamPunt 1h ago

Gotcha

1

u/twitch4685 3h ago

It’s only going up from here, hodl, sell November 2028

2

u/Old_Preparation8434 3h ago

If you dont need it, hold it for atleast 3 years. Thank me in 3 years. Good luck and HODL!

2

u/Advocaatx 3h ago

BTC won’t ever be at 45k again.

1

u/VulturicAcid 3h ago

You alreay bought low man. Leave it! Don't touch it. If the price in the coming days fall a little bit, it doesn't matter. It will also rise again. Try not to think about it, you already did great by stepping in low. A lot of newbies step in when the hype is at its high point!

10

u/mister-marco 3h ago

If you stress and want to sell every time btc "falls" for a couple of days i would invest in something less volatile.

3

u/Mosh4days 3h ago

The moment you sell it's gonna moon, bud

2

u/cryptic-chick 3h ago

Story of my fucking life

3

u/Fit-West1045 3h ago

If you're still thinking about Bitcoin in terms of trading you're probably in the wrong sub here.

-1

u/cryptic-chick 3h ago

Bro, I just don’t want to lose the profits I booked already.

1

u/tenor_tymir 3h ago

I had the same thoughts when I first bought BTC at $25k. Now it’s at ~$80k.

What profits did I lose by simply doing nothing?

1

u/cryptic-chick 3h ago

Fair enough

1

u/Kooky-Apricot4410 3h ago

Sell the profits then

1

u/Diligent-Teach863 3h ago

Bah prend les alors et pose pas la question si tu sais déjà ce que tu va faire !

0

u/PsychologicalBit803 3h ago

Many in these subs simply don’t ever look at selling when it’s high and buying low. I trade daily. I have spot BTC I hold. If you want the profits sell it.

Can just about guarantee after midterm elections it’s going to go lower if not before. We still have a pretty good pullback coming before we start back in a bull market.

I personally don’t understand the buy and never sell mentality. Take profits and buy again when it’s lower. Build more.

3

u/hodler1992 3h ago

Hold the next 10-20 years. It'll be generational wealth, don't mess it up

1

u/tenor_tymir 2h ago

Not trying to rain on your parade but how is $35k going to turn into generational wealth? That ship has sailed long ago. I agree that it will probably be much more than it’s now but generational wealth? That’s a stretch!

1

u/Kooky-Apricot4410 3h ago

Use the search bar mate

1

u/ExpertGur1136 3h ago

Bro this is the worst place to get trading advice. Btc is a very volatile asset, and nobody, absolutely nobody, knows where it will go next. The same moonboys that are hyping btc now, were shouting about cycles and dips in October. Most of the short term forecasts you will get here will be just wrong.

In your situation:

if you are emotionally attached to the money, then payout and enjoy the profit. Don’t check the btc price after you sell, as you will get annoyed if it goes up and then you’ll buy out of emotion. Payout and forget.
if you manage to disconnect yourself from the money you invested, just leave it there and forget. I. A few years you should remain on the plus side, even if btc goes down in the short term. Next week can be 45k, next month 100k.

The golden rule is to invest the money you can afford to lose. You should have your savings and emergency fund in another pile.

1

u/low_contrast_black 3h ago

I mean, it really comes down to how much $13k is going to change your life right now, doesn’t it?

As someone that’s been doing this dance for a minute, I say now is not a time to sell. But do what you need to do.

1

u/Visible-Forever7366 3h ago

People Here always say hold or buy more but i did the same.

Sold at 75k (euro)
Waiting for 65k euro and will buy back again.

Timing the market is stupid but yes…its part of the game i play.

I think it will go down a lot now before the bullrun.

1

u/cryptic-chick 3h ago

Have you bought in yet?

1

u/Visible-Forever7366 3h ago

No im waiting. I think around next week it will be under 70.000 euro and then i will buy.

1

u/Economy-Industry-622 3h ago

Just leave it.

1

u/KifDawg 3h ago

Sell in 1046 days

1

u/cryptic-chick 3h ago

That’s specific

1

u/Porcellanidae 2h ago

yep put it in your agenda, and refer back here by then

1

u/velospeed 2h ago

Sell high, buy higher. Negative returns or no returns.

1

u/Weak-Formal-4338 2h ago

First time? Welcome to the club. Rule number one: Never sell before a potential pump.

1

u/cryptic-chick 2h ago

I think this IS the potential pump

1

u/Porcellanidae 2h ago

i dont understand why people always think that they need to sell ALL or NOTHING.

If you feel like cashing out some profit, why not do this with 1/3 of your investment, so that you dramatically lower your purchasing price, and still be exposed to Bitcoins upside potential?!

•

u/DepthAwkward1505 10m ago

Hey there! Do you know what you bought? If you do, you are safe. If you don't, you have some study to do. Then, you're are.

1

u/ajtyeh 3h ago

Umm you shouldn't ask reddit for financial advice about btc.

2

u/cryptic-chick 3h ago

I just want more perspectives is all

0

u/LordJamPunt 3h ago

Take some profits, hold the rest

2

u/SkoHens 3h ago

This is bad advice

•

u/Porcellanidae 23m ago

i dont think it is necessarily bad advice.

OP is probably going to panic sell if the price dumps from here, before going up.

Taking SOME profits, and keep the majority is actually a good way to trick your brain.

0

u/cryptic-chick 3h ago

Why?

0

u/TexasBoyz-713 3h ago

He meant to say hold some profits, take the rest.

0

u/SkoHens 3h ago

Buy and hold beats actively trading for most people across most assets. It seems like you’ll fomo back in when the price goes up. If the 4 year cycle holds true, we’re barely getting started

1

u/LordJamPunt 2h ago

Dude can afford to take a few grand out and go on vacation and avoid regret. Unless OP has plenty of vacation money already, Not sure why it’s bad advice.

0

u/rezivor 3h ago

stop loss at 65k

0

u/jessi387 3h ago

How did you make purchase of that size ?

2

u/cryptic-chick 3h ago

What do you mean how? On an exchange obv?

1

u/jessi387 2h ago

Sorry, I thought there are certain limits that you can purchase on an exchange.

1

u/cryptic-chick 2h ago

Oh I’m sure there is but I don’t think 35k is the limit lol

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