Topic: Bitcoin HODL: what happens to Bitcoin holders during impressive price increase? - page 2. (Read 437 times)

A lot would be actually tempting to sell because of the impressive price. Most especially for those who are badly needing money since they only have bitcoin investment, then they have no choice but to sell early. However, as long as you sell not at loss, that would always be a good decision to sell. But most likely for those who have other sources of income aside from bitcoin, they will just ignore the current impressive price but will continue to hold more as they are looking forward for a new all time high for bitcoin, that will enable them to sell at a much higher and impressive price.

Bitcoin hodling is proven to be a highly profitable activity for bitcoin. But it never means that you will just hold your coins forever because you're in for a bigger rewards. You need to sell as well at some point so you can enjoy your profits every now and then. Not a requirement but a wise decision to take.

OP, there are two reputable members on this forum, and from the way they talk, I know they have a large sum of bitcoin in their wallet, which has been sitting there for so many years now, yet they have not sold.

I cannot find those posts again, but one of those members once said that what will make him feel tempted to sell some fractions of his Bitcoin is if he sees a very tempting prize, and from that statement, he was not going to sell some fractions if Bitcoin is still sitting around $100k; it probably should be when Bitcoin surges to $400k suddenly, then he will sellsell just some fractions.

The other user said that if he sells off his holdings, there is no current project to do with the huge sum of money that he will realize.

One of these two users also said that they basically believe that the price of Bitcoin will climb to new all-time highs, so there is no need to rush and sell off.

@OP, every bitcoin holder has a purpose and goal for the bitcoin they are holding, and if there is anything that will require them to sell their bitcoin and take profit, they will not hesitate to sell off. Every Bitcoin holder here can only speak for themselves on how they want to go about their Bitcoin investment and when and why they want to sell off during the bull market, but what you must know is that not all holders will sell their coins during this coming bull market. Some people have been holding their bitcoins for more than 8 years, and they did not sell off during the past bull market.

There's no wrong if you decide to sell some of your coins and continue hodling on the rest. Selling in profits is what matters here. But it also depends on the amount of profits you'll be able to gain. If the amount won't meet my expectation, then I  prefer to continue holding where massive amount of profits is waiting ahead. Also, if you are not in need of funds right now, better not to sell and focus on hodling them.

However, we also have different mindset when it comes to selling bitcoin, and one's financial condition may differ from the other. So if you decide to sell because you needed instant cash, then that will never be a wrong decision. Your investment, your rules.

I guess, any investor should have that kind of mantra as putting all eggs in one basket can be very dangerous to your investments.
And if you have the chance to sell some, then sell some. At least get some profits from it.
You are here in this market to gain, not to lose. So as much as possible, exhaust such potential of gaining profits.

I've held bitcoin for the last 9 years and here's my take.
Negative scenarios:
It goes down by ~$10k due to some FUD. -do nothing. I'll keep waiting, adding a few bucks from the sig campaign to my stash.
It goes down heavy to ~$25k. Chances for that are low but so were chances of a crash during the pandemic and we got that. I'll use some of my emergency fiat money to buy a bit, but that's going to be less than 10k worth since I'm low on fiat at the moment.

Neutral scenario:
We'll stay between $40k and 50k. Again I'll do nothing and keep waiting for a real bull market to start. At this price if I need to urgently buy something, I'll do it, but I won't spend more than 1% of my bitcoin.

Positive scenarios:
Bitcoin goes to the last ATH so around $70k. I'll sell a little bit to celebrate, like I always do when we hit an important level. Maybe I'll buy gifts for my family, maybe pay for holidays.
We reach a new high at or above $100k I'll spend 10% of my coins to buy the things I need and continue to hold the rest.

I have already lived through two bull markets, and during my first one I didn't sell a single Satoshi because I didn't believe that the ATH is an ATH, I thought there's still a lot more steam left, so when the bear market started I just kept hodling. But on my second time I was selling as the price was growing and had an average sell price of $50K - I sold enough coins to achieve an important goal and I don't regret it. This bull market I will again sell coins and use the profits to invest in other assets, because keeping all eggs in one basket is never a good idea. And if Bitcoin will one day be worth $1 million I won't regret selling it before that, because I'm not greedy and don't really need so much money to live comfortably - I'd rather take the maybe smaller profit instead of risking it all for more.

Bitcoin investors has their own different views about the purpose of them holding a bitcoin. I believe that majority of bitcoin holders is for profit, those who will sell on the bull market for their desired profit. Though there are people who will hold and wouldn't want to sell their bitcoin even if they face a tempting amount of profit. I know that there are members here who holds their bitcoin for years now, 2 bull market at least without selling all of their bitcoins as I've read it from their post in other topics. It's quite a strong faith given that they also experienced at least 2 bull market but they keep their calm and still holds.

If I face a good opportunity to sell a bitcoin at a very good price, I would take it since I am after the profit because I want to roll it to buy more bitcoin again at lower prices. I want to make my money move.

It is no doubt that many are going to sell and will just leave the market and they're good for having a great run on this market. Are you just gathering some opinion whether you'll do the same or not?

Do what makes you satisfied on this market. If you've made such decent gains, don't forget to take profits whether you'll buy back again or not then just don't forget about yourself and your main goal for investing.

And that's all about making a profit and you can always buy back and get back on this market but you'll never know if the price is gonna be higher by that time.

Bitcoin halving will happen for sure, but the ETF approval, while considered likely, it still something undecided. While an event of ETF approval can boost the price even further, in my opinion, halving doesn't automatically lead to a higher price. I expect 2024 to be a good year for Bitcoin, perhaps a year of gradual growth with occasional setbacks caused by something we can't predict right now (like a crash of an exchange, introduction of some regulations by countries with high crypto usage, etc.).
As for hodling vs selling, it's not a dilemma to me because you can always keep some and sell some.

So there is only 1 guaranteed event in 2024 that is the halving the other event you
mentioned is a decision by the SEC, its result is not guaranteed.


Lots of permutations could happen in 2024, and they will happen throughout the year,

Long term Hodlers might take profits
Long term Hodlers might continue to Hodl.
Long term Hodlers might take profits to buy back later

It varies from person to person. When the price goes up, people will find opportunities to take profit from the investment. Some have certain target point in which they want to sell and others have no actual target price and they just want to take whatever they can as a profit. Those who will reach the target, they will sell and those who doesn't and are strong hodlers, they will keep on holding or sell some of their holding for profit making.

But you cannot say for sure that everyone is going to sell. Once people start to sell, the price will decrease as well. Many will miss the opportunity while on the other hand many will be at a profit. So in conclusion, most of them will sell and reinvest during next price dump and continue on hodling. Some of them will miss the opportunity and if they want they will continue on hodling.

This will depend on the holder of the coin. For some people that feel like it is just the beginning of good happenings in the bitcoin market for that year and expect more positive happenings in the future when they hold on to bitcoin, they will not be tempted to sell but will love to continue holding and accumulating more. For some newbie holders who are scared of the market and have gained some significant profits at that time, they will quickly sell in fear of the market not to experience a downturn any moment.

It's true that we can't continue to hodle our  Bitcoin for eternity, there must come a time when we'd have to reap the fruit of our labor, to at least enjoy part of our ROI. What is the essence of working hard to be able to earn, deprive ourselves of certain luxuries in order to accumulate enough Bitcoin and hodle it on a long term as investment, if not to one day cash in when we feel that we've gained enough profits. For someone like me, if my Bitcoin investment reaches to a certain level where I feel like my ROI has multiplied enough, I'll just be selling a percentage of it in every bull run, and leave a greater percentage plus whatever I can add to it to keep accruing.

If the Bitcoin spot ETF and halving boost prices, would HODLers hold or sell? To be honest, humans want money. Even ardent believers may sell after huge profits. HODL is an established technique, but its not immune to sudden, large gains.

Please examine the long-term vision. Bitcoin revolutionises financial sovereignty. Short-term gains are tempting, but Bitcoin's actual value is in redefining wealth storage and transfer. We should promote this paradigm shift, not just price rises.

What do I expect? A mix. Some will benefit, but others will HODL because they believe in Bitcoin's transformative ability. They believe in Bitcoin's financial revolution, not simply its value.

If we talk about HODL BTC then we can get BTC through the money we spend or through income from campaigns. I think most members here get BTC from the campaign and of course most members only get money from the campaign to buy their daily needs. So I agree with your statement that we should practice holding your BTC as much as possible. I am also a HODLer who gets BTC from campaigns or with DCA but the problem for me is that maybe I can't get 1 BTC until the halving moment.

It's possible mate. You can quote all of them in one reply and share your thoughts. No need to respond to each one separately. Your discussion is interesting, and more people will likely join soon. If you have questions, just quote them in a single post for clarity.

I don't think it will be a price lure since those who have invested in Bitcoin must have invested in Bitcoin for profit. If the value of Bitcoin rises in events like Bitcoin ETF and halving, then long-term holders of Bitcoins will have a personal decision whether to hold or not. But I guess some people might consider selling only a part of Bitcoin to meet the demand and holding the rest for long term. But as much as I hold my bitcoins, I plan to hold bitcoins for another two to three years.

It depends on each investor's plans and what is happening with the market. If the price immediately increases high and makes a new ATH, many investors will sell their Bitcoin. But if the price declined sharply, many investors would still hold their Bitcoin.

And if the rising Bitcoin price is investors' target selling price, they will sell it to take advantage. However, some investors still hold Bitcoin for the longer term, especially those with a lot of Bitcoin. They may sell some Bitcoins to enjoy the profits and hold the remaining Bitcoins for a longer term.

And if it were me, if I saw the price hit, say $200k, I would sell most of the Bitcoin. After that, I will prepare some money to buy back the Bitcoin at a low price. You should make a plan to deal with all the possibilities that could happen later.

Buying Bitcoin for the long term and holding Bitcoin for the long term is a big decision for an investor to make and hold their investment. It is easy to invest but not so easy to hold the investment. You have some amount of money you can invest easily with some amount of money but you can't hold your investment for a long time if you want. Holding one's investment for a long period of time has many challenges and only those who can face all kinds of challenges can hold one's investment in the end. In order to hold the investment for a long time, one must first strengthen oneself mentally, when an investor can make himself mentally strong, he will go a long way in holding his investment for a long time.

Lol. @rat03gopoh, I really appreciate the sincerity and the joke part.

@philipma1957, Thanks for your reply. So, does this mean that the amount used to buy and the profit made are basically what determine the number of Bitcoin to sell?.