It is currently the worst time to sell bitcoins.

Right now is the worst time to sell bitcoins.

The crypto community is disorganized. While bitcoin holders are oblivious to the present market condition and continue to purchase DCA, other investors who do not intend to hold their coins for an extended period of time are concerned. During the last quarter, when the cryptocurrency market lost over 60% of its value, a large number of traders lost everything by leveraging bullish positions.

If you purchased Bitcoin during the winter when it was trading at an all-time high, you should not consider selling at this time. If you are experiencing financial difficulties and require cash, you have little choice but to liquidate a portion of your assets. However, if you can exist without the BTC you’ve invested, selling at this time would not be a wise decision.

According to the recent CNBC interview with Charles Armstrong, CEO of Coinbase, many exchanges do not anticipate a trend reversal over the next 18 months. These businesses are preparing for a very long and arduous crypto winter, which might significantly diminish the potential revenues of crypto enthusiasts and BTC holders.

Experts do not anticipate BTC will lose more than 20% of its value, therefore you can hold your coins (assuming your positions are not leveraged) and sell them after the market recovers in two years. Although it is not the optimum answer, it is a good way to regain the value you lost as a result of the overall economic downturn.

Because of the ongoing economic downturn and the limited number of investment alternatives, it is a very questionable decision to simply liquidate your crypto assets in order to diversify your holdings in other areas. We currently lack a dependable investment location. Real estate, gold, and other traditional securities do not appear to be more efficient and secure than crypto giants such as Bitcoin and Ethereum.

The current moment is the worst possible time to sell your coins, so fasten your seatbelts and brace yourself for a very long trip that will feature many highs and lows. Whether you like it or not, you will spend at least two years with hodlers.

  • bitcoinBitcoin (BTC) $ 19,910.47 1.1%
  • ethereumEthereum (ETH) $ 1,352.67 0.02%
  • tetherTether (USDT) $ 0.999768 0.09%
  • usd-coinUSD Coin (USDC) $ 0.998961 0.12%
  • bnbBNB (BNB) $ 282.36 3.84%
  • xrpXRP (XRP) $ 0.493361 0.2%
  • binance-usdBinance USD (BUSD) $ 0.999696 0.1%
  • cardanoCardano (ADA) $ 0.428474 0.66%
  • solanaSolana (SOL) $ 33.43 1.32%
  • dogecoinDogecoin (DOGE) $ 0.063409 1.71%
  • polkadotPolkadot (DOT) $ 6.33 1.31%
  • shiba-inuShiba Inu (SHIB) $ 0.000011 2.19%
  • daiDai (DAI) $ 0.999773 0.07%
  • matic-networkPolygon (MATIC) $ 0.835731 1.76%
  • staked-etherLido Staked Ether (STETH) $ 1,345.43 0.05%
  • tronTRON (TRX) $ 0.062959 0.63%
  • uniswapUniswap (UNI) $ 6.88 1.89%
  • avalanche-2Avalanche (AVAX) $ 17.07 1.48%
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 19,882.76 1.16%
  • okbOKB (OKB) $ 15.55 0.07%
  • ethereum-classicEthereum Classic (ETC) $ 27.86 0.85%
  • litecoinLitecoin (LTC) $ 53.55 1.58%
  • cosmosCosmos Hub (ATOM) $ 12.96 0.28%
  • leo-tokenLEO Token (LEO) $ 4.07 2.89%
  • chainlinkChainlink (LINK) $ 7.67 2.47%
  • ftx-tokenFTX (FTT) $ 24.42 1.34%
  • stellarStellar (XLM) $ 0.119426 0.13%
  • nearNEAR Protocol (NEAR) $ 3.61 2.38%
  • crypto-com-chainCronos (CRO) $ 0.109082 1.17%
  • moneroMonero (XMR) $ 150.13 2.57%
  • algorandAlgorand (ALGO) $ 0.349162 1.16%
  • bitcoin-cashBitcoin Cash (BCH) $ 118.22 3.4%
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000286 4.77%
  • quant-networkQuant (QNT) $ 137.62 0.31%
  • flowFlow (FLOW) $ 1.69 0.04%
  • vechainVeChain (VET) $ 0.023382 1.86%
  • filecoinFilecoin (FIL) $ 5.48 1.59%
  • apecoinApeCoin (APE) $ 5.14 0.7%
  • internet-computerInternet Computer (ICP) $ 5.99 0.81%
  • chain-2Chain (XCN) $ 0.069706 0.5%
  • hedera-hashgraphHedera (HBAR) $ 0.058069 0.29%
  • fraxFrax (FRAX) $ 0.997025 0.22%
  • elrond-erd-2Elrond (EGLD) $ 55.20 1.8%
  • tezosTezos (XTZ) $ 1.43 0.18%
  • the-sandboxThe Sandbox (SAND) $ 0.843126 2.11%
  • decentralandDecentraland (MANA) $ 0.694782 1.14%
  • eosEOS (EOS) $ 1.16 1.07%
  • axie-infinityAxie Infinity (AXS) $ 12.71 0.47%
  • chilizChiliz (CHZ) $ 0.213853 1.12%
  • aaveAave (AAVE) $ 77.46 0.85%