Topic: At what point do you sell your Bitcoin forever, OR wait to buy back later ??? - page 3. (Read 634 times)

You are right about altcoin bag holders but we are talking about bitcoin here.
I don't have to sell my bitcoin ever and yet I will benefit from the increased purchase power by simply spending my bitcoins. In fact over the past 8 years that I have been using bitcoin, I have only sold my coins a handful of times. The rest I have spent them just like the fact that a good portion of my stash is actually earned not bought.

Because as I always say: bitcoin is a currency not an investment.

Never sell is the most bullshit thing I heard from crypto people because most of them that spouting that nonsense are those who just want quick profit and they are using that word for shilling purposes. We are all buying Bitcoin to invest and earn in the future so no one in the right mind who will not sell there holdings if they already have a good profit. They should just throwaway there private key if they really want to not sell. 

The best way to do is to read the trend in longer time frame. Buy when there’s an obvious bear trend in longer time frame and vice versa. Don’t trade using short time frame because you will be just confused and panic to the price swings of Bitcoin.

I have very clear my answer: the right moment to sell Bitcoin is NEVER. "Why do u buy it if you are not gonna sell it?" "When are u gonna take ur profit?" These are the questions that I expect of course. If you know what is Bitcoin, and you know without any doubt that it's value today is ridiculous comparing with the price it will have in few years, u need to know that having Bitcoin is the best reserve of value that you will ever have.

That means that u don't need to sell ur Bitcoins to enjoy ur life. Why? In future, your Bitcoins will be the best guarantee u can afford to buy a house, take a loan o whatever u wanna make. Why to sell ur BTC loosing the opportunity to have them in the far future? Why to spend 1 BTC in a car in 2025 (for example) if you ill be able to buy a house with 1 BTC (in 2030)? The best you can do is buy Bitcoin, Hodl them forever and NEVER be afraid about the Bear Markets.

no one expects bitcoin to fall further, but if it falls like this I personally will hold my bitcoins until they are worthless if that is the ultimate goal of bitcoin, I believe bitcoin will return to the moon as before,
I will buy bitcoins back at a certain price which is the price I have targeted and I use it to sell - buy can be said to be looking for profit from the bitcoins that are held up

We never imagined that bitcoin would become what it is today and hit a low like last year when the bull run had not yet started. But we still believe in bitcoin and still hold bitcoin for us to sell at the highest price in the future. I'm not selling bitcoin at this time, but instead, I'm buying bitcoin again at a low price because I believe the price will still be able to return to the last ATH and will make a new ATH again.

I will sell bitcoins if they hit highs like last year's ATH because that's the best time to sell bitcoins. And if the price can drop any deeper than it is now, I'm sure people will use it to buy more bitcoins and hold on to it tight while waiting for the price to reverse to a very high price.

But if I needed fiat money, I would sell some bitcoins because it was a sudden need that I had to fulfill. And that will be okay for me because I still have a few more in my wallet.

US economy is falling apart, FED is only trying to slow it down by manipulating the market (increase rates while printing more money and while all the countries dumping US dollar are sending massive amounts back to US). Until that fall is complete we will see US markets crash and bitcoin will be affected but not as much anymore since all the weak hands are out and the Americans holding bitcoin who were starving have mostly sold their coins already.

The rest of the world doesn't really care.

That's the problem with newbies like you and the reason why dumps like this are fantastic for bitcoin because it purges people like you.
You were introduced to the cryptocurrency scene as a scene where you could become rich overnight. The rest of us were introduced to bitcoin as the only way to reach financial sovereignty.
So the difference is that you bought some shitcoins that promised you big returns and lost 90%+ of your investment but I started using bitcoin as a currency and have increased my income and freedom.

I would never lose hope on bitcoin, if the price drops too low then I would be able to just buy more of it, because thats how much I trust it, for me it is something that I would always invest into, it could become 1000 dollars tomorrow and I would be happy to buy some more, that will never change. Its not just about making money for me, its about something much bigger, its a currency that banks and governments can't control and that "idea" is the reason why I am involved and I would always be involved in it, would never change that ever in my life. Which is the main big reason why price doesn't decide what I think about it.

It is too late to lose faith in the Bitcoin dream now. I am too knowledgeable about it and it's potentials. I have built a team of bitcoin believers in my local community both online and offline. And the only thing we do with the current market price fluctuations is buy more through DCA. I can't ever remember us having a conversation about throwing in the towel with bitcoin. It is never on the agenda. Bitcoin has crossed the Rubicon. It can never DIE

There's is a saying that "the pain you feel today will be the strength you feel tomorrow" .
So right now you have to choose between the pain of discipline today or the pain of regret tomorrow.

Please HODL

I do take profit when really needed, but to say that I will sell all my Bitcoin because of the fear that it might go down to bottom? I wont do that. Because I dont want to have regrets again (just like before) for not holding my Bitcoin and was tempted to sell way too early. Who would have thought the price will skyrocket? If you're afraid for the worse case that can happen then you're free to quit. But for investors who are used to this kind of situation, they know what's the best thing to do, and that is fill their bags and ignore those spreading FUD.

Me too. I am one of those people that only watched bitcoin at 3k and didn't buy due to fear that it won't stop dropping.

This time I do not want to lose the opportunity. I am observing how the market evolves in the next months to come. I have very little bitcoin savings at the moment, it's less than a single bitcoin. I am buying gradually. DCA is better than a one time buy. I have this hunch that bitcoin is still to bottom down this year or next year but it is hard for us to timing it.

Those who don't want bitcoin to fall further are the ones who bought bitcoin at a higher price than it is now and they are losing money, they hope bitcoin doesn't drop and rise because they don't want to lose more. Or those who have bought enough bitcoins that they want and now expect it to grow to make a profit. There are many people waiting for bitcoin to fall further, because they haven't bought enough bitcoin for themselves, they want a bigger profit if they can buy it at a lower price.

I myself expect the bear market to last for as long as possible to accumulate as many bitcoins as possible, if we lose this opportunity and the bull season comes, I think we will run out of chances of seeing bitcoin at 20k again. Just like 2018, people who didn't buy bitcoin at 3k will never get a chance to see it.

I'll only sell it for what's important, not because I'm worried about seeing a decline or because I want to chase the price down so I can buy more, and I think many people think like me who made the decision to sell not because of the price and my guess is people like this is those who are not involved in trading.
Indeed, many will be worried when the price drops even more than now, but isn't this something that always happens in the crypto world worry because always focus on news

1. If Bitcoin drops to $1,000? But we know that it will not happen again.
2. I am undecided. It will be highly dependent on how much Bitcoin I hold and accumulate while it is still cheap. But if Bitcoin can get as far as $99,000, I am planning to sell some.
3. I heard about quantum computers but I am also uncertain if it is really capable of attacking Bitcoin. For as long as the Bitcoin network is stable and decentralized, I will ride with it.

1. When it's the case that Bitcoin had a certain unfixable problem — which is very very unlikely.

2. I don't. Because I'm totally aware that I can't time markets. I just always make sure that I have cash ready for buying catastrophic drops.

3. See #1

This is a wrong question.

I bet that if anyone already join Bitcoin market and get profit by selling it, it is very hard to say never join it again after selling.

It is never wrong to invest with your knowledge, belief and confidence, then take profit to get and protect your initial capital as well as enjoy some piece of profit. However, it is never wrong to use part of your profit (not initial capital) to wait for good entries and join it again. Your waiting time can be months or 2 years but it is a well-deserving waiting time.

Never.

The rest of your questions aren't worth answering.

Bitcoins going to become a global currency or we'll die trying.

a few things to tell you.

A. when bitcoin goes to new ATH. it ALWAYS corrects back down
bitcoins ATH are not a point of sustained value where bitcoin should remain. the ATH are the temporary events that are high premium speculation bubble that pop and correct back down to value

B. value is not found at the top where the dip/correction is the surprise. value is found at the bottom where the ATH is the surprise

C. the new "bottom" aft a new ATH is a higher bottom than the previous bottom before the ATH

D. if you think that people selling today can buy back in at 20x less. you do not have a clue about the value cycles and the underlying value function..

E. the underlying value where NO ONE is stupid enough to sell below (the bottom of the bottom.. the non zero value. the no mans land that supports the market above that line.. has an actual thing supporting it)

f. that thing is the underlying most efficient method to acquire bitcoin where no one on the planet will get it for less.. which is the most efficient mining cost.
at the moment this sits at $15k. and by the next halving cycle will be more then $15k meaning the market orders above this amount will also be higher

ethereum for instance went into a change where the underlying cost of acquiring ethereum has taken a 20x drop.. so expect ethereum to do as you dream of having a 20x fall.. this is because PoS is alot cheaper to mint new coin..

but bitcoin is different. it has actual hard costs in its creation of new coin. people that cant afford to mine it. instead buy it. and so they are wiling to pay a premium(ontop of the underlying cheapest cost) to get it with the convenience of getting it without the effort and time of mining it. which makes the market above the underlying cost.

if you understand the things involved in price discovery. you would understand for bitcoin to drop 20x the underlying costs have to drop by that amount

.. remember the ATH are not the value/sustained price.. the ATH are the temporary events.
so calm down when you cry that you bought at a ATH and didnt realise that it was going to correct.

because now you have learned. you can take advantage of bitcoin now that its near the low. and cheap to buy. to be in the buying phase now..

so last point

G. buy low sell high.. dont buy high cry low.. bitcoin is at its LOW. not its high

1. Maybe if it becomes zero. There's nothing for me to cut though. 

2. If this like asking the price when to buy, I'd say that below $10k for me where I'll buy and use some from my savings to buy as much as I can.

But selling, I'd sell whenever I want and if I need to.

3. I'm selling because I have to and there's a need for me to get those cash, I'm in profit though and there's no regret whatever the price is currently sitting down.

Haven reach its All Time High in November last year of $68,000 per Bitcoin, i am very sure nobody would have believed had anyone predict Bitcoin will be $18,000 today. But however, by virtue that you are a member of the bitcointalk forum makes you a partaker and promoter of the Bitcoin movement, which means even though everybody forsake Bitcoin at its bearish stage, it is our duty as members of this forum to stand by Bitcoin to prove to the world why they need to believe in Bitcoin again, and not giving up just like others. Because thats the reason why we are been rewarded for signature campaign here, because if members of the bitcointalk community don't stand for Bitcoin, then who will?