Topic: At what point do you sell your Bitcoin forever, OR wait to buy back later ??? (Read 645 times)

In theory if our predictions about bitcoin becoming an universal form of payment, or at least something close to it, become true then it makes no sense to ever sell for fiat, so if we need in the future to use our bitcoin to buy something we want, we should use it directly instead of taking the additional step of selling for fiat first and then buy what we want.

And with how bad fiat is performing at the moment, and how things could get progressively worse, it seems to me that holding a store of value forever makes the most sense.

1. Never. I didn't lose my faith in Bitcoin because of trust. I didn't and will not cut losses if it's Bitcoin but if on altcoins I will.
2. I'm selling my Bitcoin and convert it into cash whenever I need to buy something, and I don't have funds to use. I tried it once and so far, that's the only time I did it. To convert my Bitcoin into cash and then wait for it to crash? That's the thing that I will not do because I believe that waiting will make you miss more opportunities. I'd rather do Dollar-Cost Averaging than waiting.
3. We all have plans that includes Bitcoin and for me, I will sell my Bitcoin in the future that's for sure. I'm not and I will never be a forever Bitcoin holder. I will ride Bitcoin down to the bottom until my target isn't reached yet.

exactly as I thought. and I think now is the time to keep accumulating and holding it. If we think for the long term then of course at the current bitcoin price we will not be so afraid to enter it. But newcomers might think otherwise, that is, most of them continue to be followed with fear. because they are not used to the bear market as it is now. where the market prices of all investment sectors have experienced a long decline as a result of the impact of the global economic crisis. But experienced people will take advantage of the fear of people selling BTC and do the opposite i.e. continue to collect with incremental purchases. most of those with experience would use the DCA strategy in today's market times.

at no point should i explain when since years i believe in bitcoin always buy when bears come and collect more, never think sell before bulls come. if you want to see bitcoin's track record since the beginning of bitcoin's appearance, you probably will never have questions like this

selling at the highest price after the bulls arrived like last year.
is the price from $60k down to $19k that's not the cheapest yet?
indeed it is time to continue buying bitcoins and collecting while waiting for the time to come to party with bitcoin like last year when bitcoin scored a new ATH.
and until recently when i bought bitcoin never thought to sell it and exchange to fiat money. because i already believe in bitcoin no matter what

i have said that whatever happens if we all believe in bitcoin that bitcoin's track record since 2009 until this year always prints new ATH which brings us to a big party in the bearish season.
i never care what happens even if the bitcoin price goes down i will continue to buy with this in mind this is a long term investment.
better to buy now than never to find a cheap price like this in years to come

I made long-term plans for Bitcoin. I still believe in Bitcoin in the future. I will not cut loss and cry because of it.

now is a good moment for me to buy. I still add some to the bag.
my target, Bitcoin can return at $50k-60k. it was almost ATH yesterday. don't worry about how long I will wait. I have great faith in bitcoin.

everyone has their plan. many believe bitcoin will be bigger than it is today. and I believe it too.
I'm not not going to sell, but every investment of course has a different satisfaction.

You are taking a position of; It's my idea or it's what I think, wait a minute, there is a lot to say or do beyond that simple topic question, which you then drown out more with your context, in short, they are not the only actions that exist, I don't know it can be radical with bitcoin in the thought of selling everything, or now I buy cheap, it is not as simple as it seems, in a preconceived plan that must be fulfilled, but the reality is that when you have to sell, you do it, nothing happens, bitcoin It does not cease to be a priority for my idea if in the hypothetical case that you propose it happens, it is circumstantial, you have to be in the ideological idea with bitcoin to value its premises and what it represents as a project, the bad feeling that can be felt by the circumstances that imply the price given the position we have is one total reality, but it is part of the plan understand these situations, which should not have you thinking that everything is over.

It is simple if you enter a losing phase with bitcoin you consider another strategy, but you must always have the action of buying or selling, without the execution of these actions leading you to think everything will end if I sell everything, bitcoin has poetry, although with that you don't eat, it's true! but it's not bitcoin's fault if you don't.

Most people will answer, and have been answering that until they're rich or basically set for life they won't sell all of it. However, that doesn't make a whole lot of sense. Why would you put that money in a currency which is guaranteed to go down in the future due to inflation. You're basically putting your money in something which is guaranteed to lose you money. So, Bitcoin or at least another investment is probably the better choice. At least with Bitcoin you've got a currency which was designed to be deflationary. Obviously, there's always the risk of it not quite living up to expectations, depending on what yours are. I imagine when it becomes a little more stable in many years, it'll be a lot more stable, and the money earning opportunities that you have today, will be gone.

Maybe veterans could do this action because they are the one who knows the risk or how turnout of events may came unto it. But I doubt newbies could do this necause the pressure seeing how market collapsed and we can add the pressure brought up by medias which always post the bad news happening so I guess for sure even if they have holding mentality still they will drop what they had for this scenarios. Its advisable to have an experience on how to trade before they go long term holding because there experiences is truly usable for that scenery.

Maybe never sell for now or with the given price from OP, but in the long run once bitcoin will create a bullish price breakthrough, everyone will be encourage to sell because that would bring obvious huge profits. For now, I still see myself wanting to hold more of my bitcoin as the price is still not impressive to sell, and accumulate more bitcoin whenever there are opportunities to buy again.

1.   I'll never have to cut any losses because I've been in profit since 2016. I bought my coins at various prices between 500 and 1k USD and I sold a little bit in the 2017 and 2021 bull markets.
In total, I've invested less than 10k USD before 2021, withdrew more than 50k in cash and still have more bitcoins today than I had in 2015 when I started buying.
No low price is ever going to make me sell these, but I'll consider high prices. I have some levels in mind but they're well above 50k USD.

2.  U guess I've already answered that. If I haven't sold at 30k, 20k, 18k, I'm not going to sell at 10k. If you think we'll ever fall to 1k, you're delusional. People who are waiting for a million per coin are more sane than people who think we'll hit 1k.

3.  Yes, because the night is darkest right before the dawn.
When you feel like it's the end because it fell to 10k is exactly the moment when you should be buying.
I depend on fundamentals and those were the same in 2018, 2021 and now. Just a reminder: bitcoin was sub 10k in 2020, but it was over 60k in 2021. The price doesn't way anything about the state of bitcoin.

I don' t know what the price will be, but long term I like it. Think of things like the next block halving, or etfs or any other way to make it more accessible. It seems to me that more people want it today than yesterday, and if that trend continues the price will go up long term. Sure there will be wild fluctuations, but there always have been. It isn't easy to time the market. So, just buy and hold.

If you really don't want to regret or lose your chance again then you should start buying now and DCA is the best strategy we have. The truth is that no one can determine where the bottom is and where the top is, but they can buy near the bottom and sell near the top and we are near the bottom ever. You can't buy many bitcoins at once, but you can buy less by many times, as long as you believe in bitcoin enough and have a good DCA strategy, you will soon own 1bitcoin for yourself. Believe me, I did it myself.

Op is well-known to be a skeptic when it comes to Bitcoin and cryptocurrencies. Yes, I didn't think Bitcoin would be worth less than $20k by the end of September. No, it doesn't alarm me. Yes, it can be somewhat attributed to the global economic crisis that's clearly almost here. But Bitcoin will eventually recover. You know what won't recover? Fiat. It would be considered a victory when the inflation rate eventually slows down, and the devaluation keeps happening but slower than before. Nobody is even thinking of major fiat currencies getting back to what they've been worth, say, in 2021. With Bitcoin, however, the expectation is that it must not only stop falling but recover immensely. Which, of course, it will, just like it always does. I am not planning to sell unless I have to. I'll keep hodling if it's $15k, $10k, and I doubt it'll get lower than that, but even if it does, I'd most likely still believe in the eventual recovery.

Waw that's kind of funny but do you believe bitcon will pump to $60k+ dollar at the beginning of 2020?? Why don't you talk about early 2020 when bitcoin was down, the only people that believe bitcoin will pump are the once that believe in bitcoin and not people like you that have weak faith.
Anbody that don't believe bitcoin will pump again can easily convert their money back to fiat and flex it, but the current condition of the market is just to give people opportunity to buy more bitcoin at cheaper price, so if you think it won't go up again just sell and later in the future, you will regret why you sold your bitcoin at cheaper price.
I don't care if bitcoin is still going to dump more, I keep on accumulating because I know very soon we are all going to smile again and people that lose faith in bitcoin will regret.

And that's what made me scared about it. Before, it was a great plan that I want to do but I've come to realize that it's not that easy at all.
I ended up thinking that it's better to keep those bitcoins that I've got and if I want to buy, I'll buy with a new allocation fund from my other source of income. The longer it is, the harder it is to sell those bitcoins in my point of view. It's like that it should only be sold when I really have to and I don't have much option at all.

Good for those who do sold on peak and its sad for those who had bought on peak at the same time which they are really on deep negatives as of this moment.It cant really be avoided for you not to panic

considering on the floating negative you do have which people or investor cant really able to avoid not to panic but if you do have trust with bitcoin and other altcoins you've been holding

then you would really be holding it for long term specially with Bitcoin but of course you should always be mind off when it comes to risk.
There's always a risk attached or involved when it comes to this one.

Actually I would like to have more BTC. I tried to collect by trading and in recent years I have been accepted into the BTC Signature Campaign. I once sold in 2018, it was because I was forced to add money. I used the money as the cost of my child's birth. At that time I was selling about 0.15BTC.
Actually if we understand the BTC cycle of selling after reaching a new ATH and buying again when the price is low it is very profitable. But sometimes we predict exactly what number ATH is. In addition, becoming a holder is very difficult, because it takes more 4 years to achieve ATH again if see the cycle.

As long as you sell it in a very profitable situation, it's okay and buy it back when it drops, and the current decline is a good choice to buy because the bitcoin price drop is already more than 50% of its high price. And hold it for the long term, or you can do DCA considering the current bitcoin price is only moving slightly up and down which I think DCA is the right choice.

I personally only sell part of the profits when the bitcoin price reaches its ATH, and just want to enjoy the profits I get to buy something that I think costs a lot of money. And when the price of bitcoin goes down again I buy again like now which I think is the right choice to make a purchase and I do DCA, bitcoin is a future that I think will be much better and profitable, so I must still have bitcoin even though I make a sale and only sell part of the profit even then if really need it but I still cover it when the price drops again and it's even more profitable.

I still won't sell it, because bitcoin is going down like this, it might be the impact of covid 19,
so everyone who invests in bitcoin starts selling their assets for their daily needs

and I believe the world economy will recover soon,
I also hope that bitcoin and other cryptos will stabilize again,

I'm sure bitcoin will be even better in the future.

Actually none but we all are minded of the volatility in bitcoin price so seing this happening should be a sudden surprise because this is not it's first time neither will it hebthe last and every active bitcoiner that knows what he's doing should understand the need for volatile price in bitcoin


The fact is that anyone can come up with his own research about the price movement base onnhis speculative abilities but the truth is that everyone can't be right in their predictions most of which are guess, that is why it is always important for individuals to engage on personal research as we often termed it "DYOR".


It may go dip the more and it may not but either of the two means nothing to affect it's value and reputation from being a digital currency.


When i feel I've realised enough profit from my investment with bitcoin after some years of hodling,i may choose to sell but will still buy the deep the more.


Whenever needs arises but those are not the investment addets am selling from but rather the little savings i hodl for mimor expenditures


Know this and be rest assured that bitcoin is not going down the bottom pit neither am i riding towards that direction with it but volatility remains constant and bitcoin remains a digital currency.