Topic: At what point do you sell your Bitcoin forever, OR wait to buy back later ??? - page 2. (Read 634 times)

I sold my bitcoin in 2021 when it was at all time high and i am buying it when it is falling down. Not just i am buying due to falling. I am buying this time because i have faith in bitcoin , it will surely increase in future.

When bitcoin has become a trading and investment asset, then I think it would be great to take profits when the price is favorable. I invest in bitcoin not to store value, but i want to take profit from it so i will sell it when i see profit.

The profit target that I can consider for each investment cycle is 20% - 25%, so when it has not been achieved then I will be willing to hold it even if it takes a lot of time. Downside risk is always possible, so buying a few more bitcoins for accumulation would also be good for alternative solutions and maximizing opportunities. This will certainly make for better profit opportunities if the market recovers, but I have to have a little bit of note for each buy.

I will gradually sell in the next bull run and buy back gradually in the next bear market.

About comes to the loss of trust in bitcoin. then I don't know that. but clearly, now I'm in the accumulation stage. because we are in a bear market. so it doesn't matter if bitcoin drops lower. because it opens up opportunities for me and all who want to accumulate bitcoins.
for some it may be that bitcoin's dip has made him panic and sell.

but for me it is the best moment to accumulate. I advance when others retreat. I really like going in when the waves are calm. So I'll let the panicked person finish selling. the sign of the end of the panic selling people is the market is going a little sideways (a calm wave). that's where I always go to do accumulation.

Fear and Greed are the real enemies of a trader.

I guess selling some of your assets even with bitcoin is not a mistake, as long as you never consumed them all at once  and have left some bitcoin for future profits. That is even wiser I think, taking profits from time to time. However, when the market is consistently bearish, then there’s no reason to sell but to take chances and every opportunity to buy more bitcoin as it’s low and affordable price. For how long this bearish market will stay, I really don’t know but one thing is certain, I will never quit from bitcoin knowing it will always give us profit satisfaction in due time.

While the FED is tightening the money supply, we will eventually return to looser policies.

Bitcoin is sound, and so I intended to keep it for a while.

It all depends on the individuals for what you want to do either by holding or sell off when the market seems not to be favorable, it's self determinant on what you need. Maybe if you don't feel secure with the price at hand you can sell off and wait a little dip before buying back again. I have witness a lot about bitcoin and its movement so i don't get bothered anymore, even when the price escalate to $70k i knew it would dip again before finally getting to $100k which might happened after the next bitcoin halving.

Although if i have something important to do with my investment fund i would love to secure my funds by trading it to USDT or busd after some much changes i can decides to buy more and hold.

Will we though?  Any attempt to predict the future exchange rate of Bitcoin in the short term is futile. If you turn out to be right it has far more to do with luck than any ability of yours to foresee the future.
  

Absolutely.


I predicted lower than that.


Now who is being dishonest?

Just take a look for yourself. Here's a post of mine from September 2021 (you know, a year ago?)


Look at that. Isn't that interesting.  I've been saying similar things for a decade now. Did I get ridiculed by anyone with any significant reputation on this forum??


Of course it could. It always could.  Here's an idea though... how about you stop the delusion for a minute and also consider that Bitcoin could still go FAR HIGHER...

If I buy $100 worth of bitcoin today, and the exchange rate drops all the way to $2000, I'll have lost $90.  However, if (when?) it eventually rises to $1,000,000 I'll be sitting on $10,000.  I'm happy to take a small risk of losing $90 for a huge potential gain of $9,000 or more. Aren't you?


I don't actually care if it goes to the moon or not.  Bitcoin is money. I hold it as money. I use it as money. Sometimes it experiences increases in buying power, sometimes it experiences losses in buying power. That's true of ALL money.  I don't hear you asking the same question about other forms of money.  At what point do you lose faith in the dream of U.S. dollars going to the moon, cut your losses, and sell all your U.S. dollars?


You said, "here's the question".  That's a second question.  Might want to work on your counting skills.

Sell my Bitcoin?  No thanks.  I'll continue to acquire it whenever I have some income available, and I'll continue to spend it whenever I see an opportunity to buy something I want.  Same as any other money.  If it drops to $1000, I'll buy some then.  If it rises to $100,000, I'll buy some then.  I'll just keep buying whenever I can.  Trying to time the market is a fool's errand. You may get lucky and get it right occasionally, but you'll only form bad habits and lose it all eventually.


There is no bottom.  There are ups, there are downs.  It can always go lower. it can always go higher.  I prefer to acquire when possible and spend on the things I need and want in my life (just like with ANY other money).

Bitcoin has already proven that it will never settle for anything low and invaluable, instead it will always manage to recover and surge high again in due time. So this will always be my motivation and will never end up selling at a loss unless unforeseen emergency cases require it so. But other than that, I will never sell my bitcoin just because others are in panic selling.

I will always keep my faith with bitcoin even if it’s price will always be going downtrend. So what? It’s part of the bear market season and instead of seeing it as a threat, let’s consider it as a new opportunity to maximize our bitcoin portfolio. Nevertheless, bitcoin will never fail is simply because there is huge demand from its community so it will always recover and skyrocket its price again.

The way I understand it when someone declares that they will never sell their bitcoins, it's not that they will keep their bitcoins until they die, they will sell when their profit target is reached or they want to assure people that they have absolute faith in bitcoin, no matter how much bitcoin falls they will never sell it. Many people hold bitcoins from 2013-2015 and so far they haven't sold bitcoins when you ask them during this bear season they will say "never sell".
Those who really understand and see the value of bitcoin have no reason to sell their bitcoins too soon or get too low a profit to sell.

If you end up losing faith in bitcoin, then you’re not supposed to be here as part of bitcoin community. Bitcoin is the future and it’s here for good, so most likely it will end up getting global adoption and turned into global currency. Otherwise, it will only remain as the best asset in crypto investments and still make a lot of big changes in our lives.

Bitcoin is a dream coin and it would be great to hodl it for as long as I could. I have already missed great opportunities in the past and whenever I got the chance I sold off most of the coins I had. However, since 3-4 years now I am saving up big amount from my earnings and putting them on my ledger. In fact I have given the ledger to my mom so that I wouldn’t just go and plug it in for selling the coins. This is just to stop the urge of selling my bitcoins. I would always get Share to my selling wallet before sending them to ledger.

I think no one believes that because what we see last year is only a bull run. We know that bull run can't last forever but we only assume that the fall is not going to be hard than what we are currently seeing now. No one can accurately predict the price of bitcoin and if ever there are predictions who are close to it then I think it was only a co-incident.

My answer to your question would be is; I will never lose my faith in bitcoins no matter what happens. Selling at a loss is I think not a loss of faith in btc as long as they can re-buy again later on. That is only one of the strategies that mainly used by the traders. Never tried that since I am only an investor but I just hodl and buy more once the price dumps.

1. Everyone who is in the crypto market knows there are bear and bull trends followed by each other so sell doesn't necessarily mean they lost the faith, it can be their goal price once they hit it they go for sell or atleast the capital.

2. It depends but I don't wait for 20 times less price than its ATH, when it reach 70% then its good deal for long term.

3. Part of my portfolio but not entirely in that way.

I could say you are an ignorant person, like many people probably are thinking, but when someone says BTC is a bubble or a ponzi scheme, or bullshit like that I always say them the same: Please, develop why Bitcoin is a bubble and why is a fraud. 90% of times there is no answer, the other 10% very poor arguments. Maybe u surprise me this time..

Be honest with yourself and say why you appear on the forum only when you are motivated to do so by the price of Bitcoin in a negative sense?

All those who understand Bitcoin knew that a correction would happen, and that we could have expected what is happening now, considering that something similar has already happened several times in the past. Your obsession with the fact that Bitcoin will fail is already well known, but even though you have been trolling the same things since 2019, Bitcoin is still there regardless of the price (which is not the only relevant criterion) and will be for a long time after you realize how much you wasted your time convincing others that Bitcoin is a bubble and that its real value is somewhere around zero.

Selling is allowed because it is an investment which will take profit at some point and you can only do that by Selling some of your btc. You can sell during the ath period and buy back in times like this.

Btc is a long term asset, so those who are advocating never Selling are probably looking at the bigger picture...... meaning if btc is here to stay as long as it takes, if you cash out everything, then what?   
What other assets that can be like btc! With this type of mindset set Selling everything and moving on is not an option.

Nobody knows how low btc will go this time but the it always bounce back up which a much higher price that previous ath, I don't you want to miss out on that.

Usually I am considering bitcoin as normal currency these days. Like I am trying to earn it with different ways around the forum and outside the forum, doing odd jobs for it and keep cashing out them as and when needed. To be honest, there is some reserves that I have locked up forever for bitcoin. That's not much, may be around 1500-2000 bucks by now which I have been saving up. If they turn out into millions in the future then it's good but if they don't then its not big problem. I am not dependent on bitcoin, I am just keeping bitcoin as side hustle these days. Whatever I earn from my part time job goes into it and whatever I am earning on forum/outside I am cashing out for my weekly budget management. I have learned one interesting fact about bitcoin: The more you stress and talk about its price and stuff, the more you will get depressed out of it. Just relax diversify your budget.

Any opinion is respectable but qualifying mine as bullshit is completely disrespectful and in your case, it also denotes an alarming degree of ignorance. You haven't understood the half of it.
First of all, if you buy an asset like a house for the purpose of appreciation, you know that the price will rise in the long run, but there will be periods (even long ones) when the price will fall. This fact does not mean that you have to sell the properties and sell them continuously.
On the other hand, I understand that now it is difficult for you to understand that you need to sell to make a profit. In the future, it will be the most normal thing in the world. Use your Btc as collateral. Why sell 1 Btc and lose its revaluation forever, being able to use it as collateral for a loan in fiat currency that will devalue over time at relatively low interest?

I sold my bitcoins in the past and I learned my lesson and now I know what I am doing with bitcoin. I don't see any reason to lose faith in bitcoin at the moment, I can assure you that bitcoin will rise again at some point in the future.


I will only sell when I hit my target, maybe $200k or more. The market is very unpredictable, there is no guarantee that bitcoin will fall deeper or will increase in price, so selling bitcoin and expecting to buy it back at a cheaper price is very risky. At the current price, I think it is very suitable to buy and hold for the long term.


I told you I will sell when bitcoin hits my target, if bitcoin falls below $15k I will buy more instead of sell.