BTC is over $54,000, hold or sell? - page 4.

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legendary

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Quote from: TCW003 on March 09, 2021, 01:12:13 AM

Suppose as an individual, will you sell your bitcoins at a good price or just hold them?

$1 million seems like a good price Grin

On a more serious note, selling or holding is a personal decision and you shouldn't follow the advice of others (so whether or not the majority wants to sell, you'll still need to make your own decision).

If you plan on holding bitcoin you should consider a couple of factors;
• Have a trading strategy, this helps investors balance profit and loss
• Only invest what you can afford to lose, as you very well could lose them
• Do not get too emotionally invested. This is a Bitcoin forum and majority here are maximalists, but only follow the fundamentals of the network, and avoid bias when choosing an investment.

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Quote from: isaac_clarke22 on March 09, 2021, 08:42:00 AM

54K? Our last ATH was around 57k.
Even if it breaches past 60k, I won't sell a lot. Maybe just bits for important financial use but majority will be meant for long-term hodling so that's that.
I would still advise you to hodl at that price. Still early to sell, as we're just from price corrections lately.

No, it was closer to $58k.
I had to google it a bit to see exactly what it was but it certainly did break the $58k mark and closer to the $58.6k from what I remembered it from a couple of weeks ago.

Just grabbed it from the search results done just now:
All time high $58,641.00 -10.63% Feb 21, 2021

AllGoodNamesAreTaken

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I still hold a bit.

Lucius

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Quote from: TCW003 on March 09, 2021, 01:12:13 AM

Suppose as an individual, will you sell your bitcoins at a good price or just hold them?

I personally think that the current price is just the beginning of what is yet to come, because each new ATH is significantly higher than the previous one. Given that the previous bull run started in mid-2016 at $400 and ended in late 2017 with $20k, we are talking about even x50 growth over a period of 1.5 years. If we even assume that this time the growth will be lower, I still don't believe it's unrealistic to expect anything below x5 (last ATH $20k = $100k), but even x10 is not something to be surprised about if it happened.

Investing in Bitcoin has proven to be a great hedge in the long run, the facts are clear and indisputable - so I think it’s pretty stupid to sell at this point, unless there’s a need that requires it.

shushu9977

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If I want sell my btc, then I will sell 50% of Bitcoin. Other 50% hold for future or long term. If I see, there is a huge profit, then I sell my btc, otherwise I hold for future. Still, I have some eth and btc which holds for future.

conected

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Quote from: MCobian on March 09, 2021, 07:59:56 AM

It depends on our respective strategies, if that is the original goal of buying Bitcoin for long-term investment. My advice is HODL until it reaches
a price of $ 100k or reaches our desired sell target. But if we buy Bitcoin just to get profit, if the price of $ 54k turns out to be profitable,
we can immediately sell our Bitcoin. And we can buy Bitcoin again when the price dumps.

- Although I know depending on greed, each person makes the decision to keep or sell bitcoin but I still appreciate selling bitcoin early for a profit and coming back when it fell because the number of people who have lost money in this crypto market has become too much just because of trust and hold, I don't know if we can take profits at this price tomorrow, those are my thoughts. Higher desires will require higher risks and more time, if we do not possess a cold head and a brave heart, it is best we sell when we can

repear7

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You can sell if you already make good profit and if you are happy with it. Traders already made a lot of money from Bitcoin. Also some companies are starting to invest in bitcoin, I think it will help to hit the BTC market at a bigger price.

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Quote from: TCW003 on March 09, 2021, 01:12:13 AM

All of us are talking about this bull run is encouraged by institutions. Suppose as an individual, will you sell your bitcoins at a good price or just hold them?

As an individual, I will never be selling my Bitcoin at this price rate because I am convinced that Bitcoin can go beyond $100K at the right time. However, if one is into trading surely this can be a good rate to let go and then maybe see other opportunities with other cryptos or coins and then maybe wait for BTC to make a dip then enter the BTC market again. The whole question really boils down to what strategies one is using and if one is really looking to make a handsome profit then maybe this can be the best time to strike the deal.

isaac_clarke22

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54K? Our last ATH was around 57k.
Even if it breaches past 60k, I won't sell a lot. Maybe just bits for important financial use but majority will be meant for long-term hodling so that's that.
I would still advise you to hodl at that price. Still early to sell, as we're just from price corrections lately.

Vishnu.Reang

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We have just recovered from a major correction and from my experience so far, I would say that this is the worst time to sell your coins. In January also we had a major correction (from $41,000 to $33,000), and after that a new ATH of $58,000 was achieved. I am not sure whether the same will happen this time, but the possibility of a further downslide looks minimal for me. So IMO, it will be more profitable for the OP, if he holds on to his coins for the remainder of this year.

carelessboy

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Keep your bitcoin.in this year really big surprise for bitcoin. many people sell their bitcoin just reason if bitcoin dump. i say everyone please don,t panic and keep hold your bitcoin. hope Bitcoin price crossed 80k usd in this year.

mcun2000

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To our dear OP,

rule 1: stack sats.
rule 2: follow rule 1, unless you need to sell for a life altering event.

Grin

MCobian

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It depends on our respective strategies, if that is the original goal of buying Bitcoin for long-term investment. My advice is HODL until it reaches
a price of $ 100k or reaches our desired sell target. But if we buy Bitcoin just to get profit, if the price of $ 54k turns out to be profitable,
we can immediately sell our Bitcoin. And we can buy Bitcoin again when the price dumps.

elisabetheva

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people's decisions will always be different because of the needs that happened to him and his history of getting his bitcoins too. so maybe our assessment could not be objective, if he gets coins from the year 2018, there is nothing wrong with letting go and there is no need to be greedy because he has made a big profit. but if you get it with a high enough value it is better to hold back because the possibility of increasing will continue to occur.

all decisions of course who can know are yourself who have bitcoin, we only provide suggestions and opinions that might be useful.

jerrison

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BtC is trues above 54000 but it has a strong resistance at 54000 which will take it on a retest at the 52000 levels befor eanother breakout, from my technical window though, a fundametal influence can takke this analysis wrong but until then, if you happen to be a bitcoin trader and consider selling oof, you can sell of at 54000 and have a buy back at 52400 levels to give you some brief profits.

Poker Player

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I agree with @mk4 and @pooya87 but to say it in my own words: if you open this post thinking about selling because the price is at $54k, you either need the money, which means you shouldn't have bought Bitcoin, or you don't understand what Bitcoin is and where it's going.

Quote from: Lewan on March 09, 2021, 07:20:29 AM

You have to make this decision yourself. But if you ask me, bitcoin can see $ 57-58k by the end of this week. I am holding, I will not sell. Greens are waiting for us.

Will you sell at $58k then?

Lewan

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You have to make this decision yourself. But if you ask me, bitcoin can see $ 57-58k by the end of this week. I am holding, I will not sell. Greens are waiting for us.

barto123

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My advice:

Don't trade #Bitcoin in the hopes to get rich overnight - it's a long-term play.

Your purchasing power will probably gain at least 1000x from here & then it's scarcity will act as a dividend forever.

Why risk your position or your health?

Just #stacksats & enjoy life.

rodskee

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Quote from: TCW003 on March 09, 2021, 01:12:13 AM

All of us are talking about this bull run is encouraged by institutions.
Suppose as an individual, will you sell your bitcoins at a good price or just hold them?

I'm not in a Hurry to profit now mate so i think holding is what i will prefer today or maybe up to this whole year. I know that some of us can make money in short term holding but i doubt it can be applicable for everyone .

54,000$ is lower that what the price just reached weeks ago and this being on the wait for many of us that believes in will increase more and more this 2021.

mezzaluna

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Quote from: TCW003 on March 09, 2021, 01:12:13 AM

All of us are talking about this bull run is encouraged by institutions.
Suppose as an individual, will you sell your bitcoins at a good price or just hold them?

I personally believe that the bull run is influenced by certain factors and one of them is the influence of Elon Musk. Joining the bull run still depends on the user's preference on what to do with the current money/cryptocurrency he is hodling. Some people always watch the values fluctuate but does not do something about it because they want their money at the highest possible value which nobody knows when will come. Selling at that value is only reasonable because we can already gain great profit from it and we can use it however we see fit. We can multiply that money in creating a physical business because our options are endless.

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