Topic: At Which Percentage Profit Would You Sell Your Bitcoin? (Read 291 times)

That is a common gripe we all have I suppose. The fact we could have sold at a particular price high but either did not sell (or did not sell enough) is always one that bugs people from time to time. I have had several issues like that to deal with.

The fact you would want to buy and keep most or all of your BTC for a good 5-10 years means you have a fixed plan so good for you, I wish you hit those targets but between 5-10 years of holding if you sold (part or all of your) Bitcoin would you look at the then market value in USD$ or rather the percentage gained from your initial investment that made up your mind to sell?

Do you all really look at your profits in terms of percentage or do you look at them in dollar terms? If I do have 200% profits but only have 100 dollars does it really worth to sell it at that point? Obviously that is not money I can honestly change my life, it is not bad, it is decent but nothing of worth would change in my life with that kind of money. However, if I have 10% profit and that is 10k dollars I would totally sell as well.

So, I do not look at my profits in percentage basis but how much money I have in fiat, I do keep on investing more and more fiat into bitcoin (and crypto in general) because I want to eventually have enough to retire and never work again, but I do profit time to time which increases my overall savings as well. I want to have around 10-20 thousand dollars in my bank account before I will ever consider selling.

61,000% will do for me.

Because I'm worth it.

But at what profits would you be looking to sell? What would the price you purchased versus the price you sold ratio need to be before you would consider selling?

Maybe I shouldn't answer as am a sort of holder. I say sort of because I'm forced to sell as bitcoin is 100% of my income, so what I save I hold, and I do still sell some to store as fiat savings. Call me a pragmatist despite my deep, deep love for Bitcoin, I still have and will presumably always have mouths to feed, mouths who can't afford for the Bitcoin experiment to fail.

But my % is more like 2 sets of targets. One is a far-off date, and another is a fantasy price target. If the former one comes first, I'll need to decide how much to sell and enjoy in a latter stage of life, and how much to pass on as inheritance. If the latter comes first, it'll need to still fit my rough estimate of how much it would take for all those dear to me to retire and live out their lives with comfort and without worry.

I know it's a shitty answer but too late for me not to reply;)

What you said about our children and grandchildren talking about these opportunities and that we should put some aside for their sake is something I agree with.

You mentioned $100,000 and $300,000 - I hope that happens in one of the bull runs sooner rather than later

There is no price in which I would sell ALL my Bitcoin.

There are prices at which I would sell SOME. Those prices are totally detached from percentage gains.

The amount (or percentage of my stash) that I would begin to sell would depend on the circumstances. Ie: Too fast to reach the goal, more I will sell (and probably rebuy in the subsequent downtrend), but if it is reached at a slower pace and I have confidence volatility (in both directions) is reduced I will probably just sell as-needed.

Which percentage of profit would that translate into? YES. I mean... FUCK YEAH!.

I'll sell  50% of it if and when 50% of it reaches a certain figure in my local currency. Not sure how much that is yet but way above where it is at present. The percentage of gain is irrelevant and I can't remember what I laid out for it all now anyway.

I'm finding the boom/bust thing tiresome now and would rather be observing future ones with a vastly greater degree of detachment.

Are you still mining Bitcoin? When you say hold and increase it, please elaborate.

I will sell only if there's no reason for suddenly increase like now and if i have profit i will sell this immediately.  Maybe in 20%

As i said it's depends on investors knowledge about suddenly pump,  and ofcourse if you are smart trader you will sell this immediately

I find it interesting you think people would sell when the price only just reached the peak of the last bull run. Anyone who did that would miss the vast majority of the bull run. In 2011 Bitcoin pumped to over $30. On the next bull run it didn't stop at $30, it went to like ~$250. On the next bull run it didn't stop at $250, it went over $1100. On the next bull run it didn't stop at $1100, it went to $20k. The ATH from the previous bull run is the launching off point of the next bull run, $20k would be the absolute worst time to sell because in less than a year later you'd very likely be able to sell for several times that price. So I surely hope that nobody buying now would wait all the way until it hit $20k, and then sell just before most of the gains happen! $20k might be a year from now, but $80k-$100k might be 2 years from now, selling at $20k would be terrible timing.

As for me, I figure the current market cycle should go to high 5 digits or possibly a bit over $100k. If I sold at high 5 digits I'd be financially set for life, so it makes sense for me to manage my risk by selling as it gets up to high 5 digits. I will then diversify into stocks and real estate (because right now my investments are 98% in crypto and like 95% bitcoin) and leave enough set aside to load up on Bitcoin again during the next bottom as I did on the first few months of 2019, and do the whole thing over again shooting for maybe a quarter million BTC price which would probably take a couple more market cycles so that might be in like a decade from now.

So I'm not a super long HODLer right now just because I will sell when moving my Bitcoin to income producing assets would allow me to live entirely off that income, because investing is all about managing risk so it'd be greedy and stupid for me to not sell at that point. But I am a HODLer because I'll get back in after the following crash and probably hold for a bunch of years after that (actually, hopefully by then it'll be pretty easy to spend Bitcoin in a wide variety of places so rather than selling I'd probably just spend my Bitcoin over the decades assuming the USA changes its tax laws so it doesn't make it impossible to keep track of tax liabilities by making us pay capital gains when spending bitcoin).

* i am not a day trader
* i haven't bought bitcoin to make profit.

so the answer is never!
i bought bitcoin initially because i wanted to use the only decentralized money that has ever existed in the world which nobody could control or censor.
that doesn't mean i don't like seeing the price go up. the way i see it, as bitcoin price rises my purchasing power increases. for example if i could pay my bills with 0.1 bitcoin a couple of years ago, i can pay the same bills with 0.05 and tomorrow it will be 0.01 as the price rises. so it is better for me to get more of it while it is worth so low so that i can spend less portion of it when its value goes up.

I have to admit that I try to keep most of my BTC for at least 5-10 years from now, because like some people in this forum, I understand the huge potential of BTC in the future. But on the other hand, I want to support BTC as a currency as well, so I spend part on various online purchases and payments.

I personally didn't sell anything in 2017 when BTC was at its peak, and I consider this a small mistake that I will not repeat the next time. The reason is very simple, anyone who sold 1 BTC at the end of 2017 could buy 6+ BTC with that money one year after that.

Since I am spending coins that are in some ways collected during 2015/2016, I have no problem with the profit percentage, it is above all my expectations.

Selling and buying back on a frequent base will end up in HODLing less BTC as with what you started, just buy on fix date every month or so, DCA, keep it for X-years when reached then decide

While HODLing and buying also take time to learn and keep learning... then after a few years you will know what to do

Never sell all your BTC. Always keep a stack in cold storage.

I respect profit taking; I'm a trader after all. Just don't forget that golden rule. The potential upside of BTC is limitless and we're on the ground floor. Our children and grandchildren will talk about these opportunities we had today. Put some coins aside for their sake.

At what price will I sell some long term coins? It won't be based on percentage profits. I'll sell when I see a blow-off top at the end of a bubble. That could be at $100K, $300K, who knows? I need to wait and see what the chart looks like.

Yeap, hence trying to time the market on when to buy/sell is heavily frowned upon on the investing world in general, because it's very easy to conclude that a huge majority of people end up making bad decisions this way. Doing dollar-cost avaraging[1] or lump sum[2](if you're experienced enough to not panic sell) is still mostly the way to go, and this is definitely what I recommend to almost everyone.

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[1] https://www.investopedia.com/terms/d/dollarcostaveraging.asp
[2] https://www.investopedia.com/terms/l/lump-sum-payment.asp

I understand where you are coming from. The dilemma of when to sell and when to hold is an age old one. If you do not sell at the peak time and then sell lower or decide to hold in the hope of a return to peak prices - then you might stand to lose out at least until the next bull run.

With that said I prefer to hold rather than to cash-in if it means making huge losses, that way at least there is a chance of trying to sell in bull run or peak prices again.

I never bought BTC, nor I will; instead, I mined / earned it. I didn't sell at 20.000$ and for sure I won't sell at 8000$.

I think I'll sell only if it reaches again 20.000$ (or a higher price). Otherwise I'll keep it, as it doesn't bother me to just hold it and increase the amount I have.

That's the thing though, if you're really a long term bull, stop trying to time the markets and just hold it long term. There's a good chance that you're going to end up losing money or missing opportunities with timing the markets.

So my answer is, as long as I really don't urgently need the money yet(for emergencies like hospital bills, etc), I have really no plan on selling.

An interesting question here because everybody would have their own view on this as everybody makes decisions based on their own financial situation.

So if you purchased Bitcoin at the current approximately $8350, would you sell if the price up by 10%, 20%, 30%?

Surely even those buying for long term HODL would be tempted to sell if the invested $8350 now and had the opportunity to sell at say or example $20,000 in the next bull run.

At which point would you sell to cash in your investment?


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