Topic: Bitcoin HODL: what happens to Bitcoin holders during impressive price increase? (Read 437 times)

Selling seems to happen but I wasn't surprised because not all can wait for the ATH, some will take the chance. But for me, it was not wrong as we all have different market preferences and targets, at least we make a profit which is the most important. Some are selling half of their investment while keeping the other half reserved for another pump. Some had also sold 100% and waited for the corrections to buy again. It is actually it depends on our strategies and market plays and at the end of the day, we all have one common goal and that is to make a profit.

A good profit can be made in Bitcoin only if it is held after buying it at a good price. When the Halving time is near, I think it is not a good decision to sell Bitcoin even if you are making a profit. After the halving, the price of Bitcoin is sure to rise, but the issue of ETF is happening for the first time. So in case of approval it can have a very positive impact but if it is delayed or rejected it can also have a negative impact on the market. However, the chance of rejection is very low.

As for selling or holding it after these two events have a positive effect, I don't think the majority of people would sell. However, it also depends on the buying price of Bitcoin. People who have bought bitcoin below $20k can definitely sell it if they get a good profit. Those who are buying now will definitely prefer to hold. Greed is a natural thing, whenever you see a profit, you want to sell, so greed can be a big factor in this case.

Indeed we also find some traders in the bitcoin network. When the market is close to attaining to a good hight In price they buy, and when they are a bit satisfied with the profits they get, they hit the sell button. So yeah, we will definitely find some person who would sell to make profits. However from my own decisions concerning the bull, I'll keep holding no matter the bear run after the bulls. Because the price of Bitcoin had an up movement direction. So no matter the bear season, majority of the trend would always be a bull run.

Yep, nothing beats a HODLing person.

People like you and me that are holding for so long have one goal and that's to attain a larger profit and future gains. Small gains are fine but there's more when you go long term and the potential profit you can make is higher than that.

But it has a factor of being patient and not everyone of us can be patient as what we've been doing for so long. It requires not just several months of patience but can go more than a year or could go to years.

There is always a point in time where we have to sell our investment despite holding it for a long term except with the intention of keeping it for our children. Holding Bitcoin for a longer time will give higher profits than just for a short term, those who invest in short term are those who just want little profits from their capital investment and they are the ones who panic the most and sell off when not due.

If that question is for me, I keep holding until the ATH comes and sells but talking to others, can't hold their temptation as it is possible that they fall into that (selling), especially for newbies and inexperienced investors. It was still difficult to assume that everyone kept holing until its peak as for sure some couldn't bear the situation when seeing the price is already double from their buying price. However, given the fact that they are earning already, selling wasn't a bad idea, at least they didn't have a reason to regret if ever the price went too high.

I think the pump will be enormous! I share the opinion with those people who think that the previous 4 year Bitcoin cycle was ruined. There was a premature pump, then dump and later second top. So, to compensate for that poor performance this cycle is going to be super powerful and will go parabolic. ETF is just one of the factors which will propel Bitcoin to new highs. Not sure about long-term but shirt-term definitely!

That will vary since everyone has a target price at which they would like to sell their Bitcoin holdings. In my case, I considered selling when the price of bitcoin surpassed the previous all-time high. Therefore, I would think about selling my bitcoin holdings if the planned Bitcoin ETF is approved by next year and drives the price of bitcoin above $65k–$100k. But if the bitcoin ETF is not approved, consider me to hodl till 2025 because that's when I believe that bitcoin can give a possible ATH.

I don't think these plans of mine will be the same as anyone else's because everyone has various goals and plans towards their bitcoin investment.

To begin with, I must say I love the way you structured your thread. From the introduction to your question was captivating to read, you didn't say anything out of the ordinary but from reading it, it shows you weren't just typing but genuinely asking a question. This is a very personal question so I can't speak for others but I'll speak for myself. My investment in Bitcoin has nothing to do with what's happening in 2024. The focus is for the future, my investment are for 10 and above years to come.

If I was even investing for the near future it would be for when the market gets to its highest height in the current bull market and not for whatever is going to happen in 2024 that's not my concerned. I don't see any temptation that can make me to sell my Bitcoin prematurely that isn't the price/time I intended to sell. I'm not trading so I'm not interested in selling to rebuy instead the more I have more spare money the more Bitcoin I'll keep buying.

We are always concerned about the positive side of things (that's you sell and get an opportunities to buy when the price is lower than the price you sold) but have you considered scenario that things don't go as you planned. Bitcoin can have a correction but immediately rebounce and the price soar beyond our imagination. I believe the next bull market peak will be astonishing.

I guess no matter how you've been hodling bitcoin in all your life, once you need money in a rush, you will certainly get tempted to sell early due to highly impressive and expensive price. That's the weakness of all hodlers that we really can't avoid, we can't stop them from selling early especially if it means there will be huge profits after selling. It's certainly an individual's choice, if he decides to stick to long term hodling or if he will sell early because he's in need of current money and profits.

While it's best to continue to hold until the real bull market appears, but sometimes we have to take different choice not because we are hunger for early profits, but because health is more valuable than money, regardless of its amount.

The majority of the holders will continue holding their Bitcoin holdings for long term but a few weak hand members might sell off their holdings when the price gets to high values. The long term holders don't really care much about the sentiments of the market because they believe in HODL formula and that means they will keep holding their Bitcoin until they get retired or at least for 1-3 decades.

If we closely observe the price of Bitcoin then surely it's getting at higher values each day. The price will grow overtime and many weak hand people will sell off their holdings in hopes that they might purchase again when the price gets another dip. I think there's a huge group of such users who will sell off their holdings when price gets highers and may wait many months to see another dip to accumulate more.

This is a question that I believe will require individual answers, as I believe that, those of us who are holding bitcoin have our different reasons for holding, even though I personally believe that majority are buying and holding for future profits.

So, if for example, some one who is holding for future profit, price of bitcoin rises and he or she did not sell to make the profit, then what is or was the essence of him or her holding in the first place?

Nothing is wrong for you to decide to sell your bitcoin when the price becomes massively high, take profit, and then possibly buy it back when the price becomes cheaper after the bull run is over.

There are some people who prefer to hold Bitcoin for a long period of time.  There are also people who buy Bitcoin and get disappointed when the price of Bitcoin falls.  Then they unknowingly sell bitcoins at a loss.  must read  If you want to make a profit by investing in Bitcoin, you need to wait a long time for the Bitcoin market to improve, then you can make a profit by investing in Bitcoin.

Mate if this eventually happens many bitcoin holdlers may be tempted to sell because we are taking about money making here, is not everybody that can without price increase without being moved, actually many hodler are not in a haste to sell but when the price soars to it highest point I think they will decide to sell small amount not all, another thing you need to know is that, the purpose of hodling is to wait for profit period, so that one can sell and make use of the money for either investing in other things to make more money or using the money to solve personal problems.

Absolutely, your approach makes sense. Balancing profit-taking with long-term holding aligns with individual financial goals. It's crucial to consider both the potential gains and personal circumstances when deciding whether to sell or hodl. Also, assessing your risk tolerance and having a clear strategy for your investments can help guide your decision-making process. It's a dynamic balance between seizing opportunities for profit and staying true to your overall financial plan.

Merry Christmas also matey. may you have celebrated the festive with Joy and happiness .


We have seen ATH breaking for how many times now and yes this shows how and why HODL completely aren't making its way now because what we are having nowadays are Holders that only waiting for a certain price to sell out and wait for another dumping so they can buy again in lowest price.

meaning HODLers nowadays are just few comparing to those who are Buying Low and selling High .

If you want to stay calm in the market, just HODL. Don't go for small gains because the future of the market is unpredictable. Imagine the worst-case scenario: prices keep rising constantly, and HODLing is the best choice. Any predictions can't be a reliable guide. As long as the yearly BTC chart suggests an upward trend, I recommend just HODLing.

But it really depends on each individual since I believe everyone has different strategies. So, neither I nor you can set absolute rules for everyone. There are no bosses or subordinates in the trading world, so every decision is truly one's own responsibility.

I must be in a smaller minority than I originally thought.  A lot of posts talking about selling if bitcoin gets to 'x' price.  I'm not an OG, but I've been through 2 bull and 2 bear markets.  I won't sell.  Why would I sell?  Nothing is a better vehicle for my investment than bitcoin.  Sure, I know some will sell if they need money, and that's fine.  But even if bitcoin gets to 1mm per coin, I wouldn't get rid of my bitcoin.  It just doesn't make sense to me.  I'm old now (50yrs old), and this is the best discovery I've seen in my lifetime.  Right up there with TCP/IP.

it all depends on the price situation. because those who invest in Bitcoin have already made plans for when and at the right price they will sell Bitcoin at a profit.
some may sell when the target price is reached according to plan. but some may still hold when their plans are for a longer time frame. this won't be easy to do if Bitcoin manages to pump high. but what is expected is that transaction fees will return to normal.

Make no mistake, I'm willing to keep my Bitcoin if only those things that I need to buy are priced in Bitcoin. But they're not, so I have no choice but to convert to fiat first. If they are priced in Bitcoin, I'd rather buy them all with Bitcoin. I'm convinced that if the prices of goods and services are denominated in Bitcoin, they are going down rather than up.

Bitcoin is an investment, yes, but we're probably missing the point if we're just using it to increase our fiat.