Topic: BTC is over $54,000, hold or sell? (Read 659 times)

It's still possible to have Another ATH since adoption is still not that much, there are still many not aware that having btc is profitable and there might be some companies whose also eyeing to invest. Its good to still put little by little amount even at pump if we believe BTC can attain always new ATH and just buy more when the price drops.

Its just checking against a 2 day average which is very often a bullish momentum measure I find fairly reliable.   Take a closer look if it fails to keep above there, my proper measure of a positive market is weekly average but we move so fast recently its very often above 2 day.   Monday open is often a challenging time for price action.



You can also see this area represents the line of the top area after that big green bar.   Its fair to presume if we dont stay on top we can revert to the bottom of that green bar in potential, a quite normal move.

True, bull run is still encouraged by the investors which indicates the institutions. They are continuously making investment on BITCOIN which is the good sign for Bitcoin and this is also a reason of this current bull ran. Microstrategy is continuously supporting Bitcoin and already hold a lot of Bitcoin. I don't know still you are holding or already sold your assets. But if you hold it then this current bull ran is for you but if you already sold your funds then you may regret for it.

Such decision whether you hold or sell will be just up into you for you will be the one to benefit on whatever your decision will be at the end. But for many, there maybe a big part of those who have Bitcoin will just hold it until the price increases into an incredibly big price and for the newbies since they are intimidated on the big amount and might be scared that it will be possible to crash unexpectedly and just securing to gain their profit, some will surely sell. Well, it is their decision depending on what they think the possibilities will arise. It is not already a matter to discuss for the fact that you are the one who is responsible on your own crypto specially with regards to Bitcoin.

As of now bitcoin was about $59,500 but earlier this day it got already from $61000 so what have we thinking about it since it already hitted the OPs target ATH for bitcoin well of course we maybe on the same page looking forward for the next ATH that Bitcoin may break. Everyone were looking for a great profit today by selling their bitcoin but some of us also preferred to hodl it for a quite awhile because i bet bitcoin has still a bomb to attain new ATH in the next few days.

You know that there are several type of trader where they do tend to hold of those coins for long term aspects which does simply means that they don't like to get involved with price volatility.

Speaking of profit frequency then dealing with active buy and selling is much more preferable but there are who doesnt really likes to take up some risk this is why they intent to held of for higher price points.

Just let them be on what they would gonna do because its their money and itz their choice.

Why we should hold if it is the pumping time? Isn't pumping the right time to sell your Bitcoin, buddy? We have been already waiting for the pumping for a long time and it is time for us to sell our Bitcoin above $60,000. Now, the Bitcoin price is about $61,502, based on Coinmarketcap. Well, I think it is better to sell first our Bitcoin before the price drops again. I suspect there will be a decline after the current pumping, then it is time to buy again if you still want to hold again Bitcoin.

Bitcoin price is now pumping. Bitcoin price now cross $60k. This is the time to hold Bitcoin. You can buy some Bitcoin now. Don't sell bitcoin in the current period. Its price will increase more. Don't be paniced. Be patient. You can make huge profit from it.

The price of Bitcoin has already crossed the milestone of $60k. I think we are going to going to see a good pump within some days. It is time to strong hold and it will help us to earn good amount of money. So don't sell bitcoin at this time.

There is no doubt that the bull run continues. There is still no confirmation of which large company will follow Tesla and Elon Musk and invest in Bitcoin, but we probably won't have to wait long for Apple or Amazon to confirm it. I think Musk started not just big companies investing in Bitcoin, but big companies will start accepting Bitcoin as a form of payment. This, in my opinion, will be much more important and will have a greater impact on the rise in Bitcoin's price, because somehow the big business market will recognize Bitcoin as money, even though it is not considered money by many governments.

I’ll take my chances, I’ve invested Bitcoin for a reason and of course I could control myself if I want to sell them or hodl them for like 20 years. And I did short term trading back in 2017 but I don’t think it’s for me because I also have other business to attend to on a daily basis. But thanks for the advice though. 😉

hold is the best choice !, because many institutions have bought Bitcoin over $ 50k, of course this will trigger a higher level of trust in bitcoin in the future! Moreover, if Apple and Samsung which are rumored to be buying bitcoin actually happen, then bitcoin will still continue to go up to maybe $ 100k more.

Always hold is the eternal answer of course but trading wise can we spot weakness and benefit from that in some way, I wouldnt advise selling all though because its too easy to be wrong and people are reluctant to buy in at a higher price though this can be correct at times.


Theres a fairly good regular trend at present, it does not especially suggest selling into that.  But sell and buy within a minor speculation of observing the waves back and forth of the wider up trend is reasonable to do.   Mostly its staying above a weekly average and I always take that as a positive market while we do so.

That's the trick part "if you can hold", many people either sell because they need the money, or they sell because they think they could use the money some other way to help their life, after all we live in a world where wealth gap is bigger than ever and life is very expensive for majority of the humanity, so selling and finally paying that credit card debt looks more profitable for many people compared to what bitcoin could bring them in the future.

I do not blame them, it doesn't make sense to keep pushing your luck and lose that as well, but I am holding, I do not plan on selling at all, not now and not in the future until I can say that I am rich, otherwise there is no point of this, but just because I feel this way doesn't mean that I do not understand those who sell neither. Only time it is wrong to sell is when trading and thinking bitcoin will go down.

Everyone has a different plan so it is normal for him to make the next decision according to his own plan. You're right, the money we think is lot of money is very little money for elon musk. If Elon Musk loses that money, he will not have any big loss. So retail traders must think differently. And those who think long-term do not sell their bitcoin unless they are in financial trouble. Trading Altcoin is definitely risky. You risk your fund by trading altcoin with your hodl bitcoin, so that you may lose your fund.

Yeah right, if you can hold and wait, who  knows what Bitcoin brings you, a lots of regrets coming from those who

sold their assets way back, they never anticipate that this asset will go this far, and keeps aiming for more.


If you know how to deal with short term trade it's a good strategy, but due to volatility it's tough to take the

risk, chances that you'll be left behind.

I’d HODL still and probably wait until Bitcoin reaches around $100k perhaps? Lol And I could cover my daughters college expenses if that’s the case. Anyways, I would sell a little amount and buy Bitcoin again when its price goes down lower than $54k and do averaging of what’s left of the Bitcoin I’m hodling.

All Bitcoin holders will be happy to see Bitcoin rise above the $ 54k price again. This is a sign the bull run is still on, my prediction is that Bitcoin price
will be over $ 58k in the near future. So I opted for HODL for now, because the results of the analysis that I did the Bitcoin support price at $ 55k was
quite strong. So Bitcoin price should continue to rise past $ 60k this month. But if you are afraid the Bitcoin price will fall, it's best to sell some of
the bitcoins you have, as many members on this forum have suggested.

This is a really good tactic. Now the price of bitcoin is quite high and is approaching $ 57,000, that is, to the previous price record, it would be reasonable to sell some of the bitcoins and convert it to a stablecoin, for example, USDT, in order to have a reserve in case of a deep correction. The rest of the bitcoins, of course, need to be held as long as possible.
It is only necessary to sell partially bitcoins if absolutely necessary, depending on our family circumstances. In general, bitcoin should rise in value this year.

Although I already sold my bitcoin at $55k, I still have bitcoin, and I am still waiting for the next high price. If the price does not reach more than $60k, I will not sell it, but I think I will buy back and sell bitcoin at a low price and high price because I think that can give me a chance to profit from the gap of the price.


Perhaps, you think that is not wise. But for me, I try to make a profit when the price increase. I don't know how high bitcoin prices can increase, and even the price hit $58k yesterday. I do not regret to sold my bitcoin early because I realize I can not always analyze better to predict how high bitcoin prices increase. But I believe that after the price hits the highest price, it will go down and adjusting to the lower price, so that will be my chance to buy back bitcoin.

I don't want just to sell bitcoin and make money, but I also want to have more bitcoin by buying bitcoin at a low price after I sold the bitcoin, only by doing that I have more bitcoin than the bitcoin amount that I have before. I need to make as much bitcoin as possible because I believe the bitcoin price will be more than $100k in the future. So if I only hold it without trying to increase the bitcoin amount, I can not make a big profit in the future. Perhaps, we have a different plan, so you say that.

You are wrong if you say $ 54,000 is the end of Bitcoin, even though the current price of Bitcoin reaches $ 58k and will continue to rise to more than $ 60k, because the bull market will still continue, yes it is very risky to buy at high prices, but the future of bitcoin still very good, so my advice is to buy when correcting.

The road to enlightenment in the bitcoin world is hard as we need to face all sorts of demons before being truly able to handle this very wild stallion.
Who never made mistakes, never learnt anything new.
Allow yourself to make mistakes but of course try to avoid repeating them in the future. Once you are familiar with the bitcoin true potential you start to see things in a different perspective.
That is what I experienced during these challenging and awesome 9 years!

I had a target, to sell at 13k and I am still holding lol. Sometimes targets are passed like crazy, so it is always nice to have dynamic targets, for example if you target is to reach 100k and "sell" do not sell as soon as it reaches 100k, just put a stop loss at 100k and if it drops there you will sell it and you still be selling at 100k anyway.

That is what I did, I waited for price to move above 13k, it skyrocketed way above 13k, and I put a stop loss on 13k if it drops, and it never dropped, I changed it to 20k recently and I am not going to sell mine until it is 20k or I have enough to retire and I think that is not going to happen anytime soon, which is why I believe I will hold bitcoin for at least another 10 years if it never reaches 20k levels.

Anyone can do whatever they want, maybe you want to buy a car? Maybe a house? Whoever wants to sell at whatever price they are free to do that.

We have to more conscious about selling Bitcoin. It is more valuable asset at this time. We shouldn't sell bitcoin without any emergency. I sold my all the bitcoin without any need. But now, I'm saving bitcoin daily.

Of course I will sell it immediately when I saw the bullrun I panic sell it already so that I will be able to take my profit already. What are you waiting for? A bull run until $100k? I hope not. The $54k is already a big and a ath on the bitcoin history so you can sell it already all of your holdings because this is the perfect time that we are waiting for a long years. If it may pump up again then don't regret that you sell your holdings immediately because in the real life it is very hard to hit all the jackpot.

What happened this year really surprises most of us, thinking that after breaking the last time high it will make another corrections, but it didn't happened but instead it rises more.

Yeah right! if you don't need it then hold your asset as it is, you never know how high it can go as if there's no stopping till now.

Buy.


Amen.

I had my regrets and I don't want to repeat that.
Sold most of my bitcoins at what I thought was the highest price it could get (using history) but I was wrong.
That's a good lesson to learn from old school Bitcoin holders here.
If you really don't need to sell it then don't. You just don't know what tomorrow will bring. If it's an emergency then go sell it.

I personally have two exit conditions: one is time-bound, one is price bound. Whichever reaches first will trigger my exit. But this is always reassessed with personal situation and likely, when my age is something of concern.

I assume big players are even more strict with conditions and that's the same for any big fund. They have value targets and time-bound limits. All up for reassessment. So if they do leave BTC, it won't be any time soon. But fair concern indeed.

Honestly no one really knows right now.  Wouldn't be surprised with a quick run to $65k or a quick drop off back into the mid to lows 40s.  Assess your own situation and if you can afford to hold i would do so.  Sitting back and holding has paid off for those who have continually done so.  If you are going to sell off I would do it in pieces in case it does rise quickly you can still sell some at the higher prices while not completely risking your downside if it drops.

Many users try to see more profits that's why they are keep looking to gain more without setting up their target, and this is one of dangerous act by traders since for expecting to much they might fall from bad trap and instead they gain they lose what they earn.

I also see people about not worried about everything since they put up some money intended for long term holding and Im sure they will be the winner since over the years price of bitcoin is increasing and most provably they or the lucky hodler can see more and earn from it if bitcoins pump more.

It's up to you to decide, no one will tell you to sell your bitcoin at $X price. If you really have Bitcoin then you must know about your target. Because everyone has their own target, I will sell my bitcoin if that bitcoin goes to $X price. So it is important for traders like you to set targets in advance.

And there are many hodler like me who are not so tense about selling their bitcoin, because our target has not been crushed yet. So I will think about selling my bitcoin later. Hodl.

It is not really a wise move to sell bitcoin when it is on the rise, it is still going higher and I think if you keep waiting for bitcoin to crash, you may end up being the upset party there because it may never crash, or at least not crash under the price you sell. I believe we are going to have a great increase and that will end up with us seeing 60k+ soon and even maybe 70k as well, if you sold right now, that means you sold way too early.

That doesn't mean that nobody should sell, there are two very valid reasons to sell bitcoin, one of them is needing money, sometimes in life we need money for something serious, not like getting a car or something, I mean serious stuff, like health or debt, and the second reason is to retire, if you think you have enough money you can sell and retire and have all the fun you want until you die because now you are retired. Aside from those two reasons, no reason could be given to sell bitcoin that makes sense.

You made the best decision as we have no assurance now of what is coming soon

If we wanna profit , we need to decide mindfully .

If the correction had already happen when the 43k drops happen then at least you are safe already.

i already did same but only 1/3rd of my Bitcoin and converted them to another altcoins.

No problem if the correction needs more time to come, and if somehow, the price still increases and breaks $60k this weekend, perhaps, I will sell some amount of bitcoin again. That will help me make another profit, and still, I am waiting for the correction, and I am sure that will happen shortly. If we can not see $40k again, that will be okay because the bitcoin price can still stay above $50k for the rest of this year.


As long as we can use the buy low and sell high, we will have a chance to profit. I think I still use bitcoin for short-term and long-term investment, and even I already sold some bitcoin at $55k, I still hold my bitcoin for the long-term, and if the price still increases higher, perhaps, I will sell another amount and take another profit.

I want to use this time to make as much profit as I can because I see that the moment is good to buy low and sell high, although sometimes, I need to wait for a day or more, that will be okay for me because I see the market seems doesn't move so fast.

We saw many players, traders and investors coming in and leaving at some point and I believe that is more than natural for a market so frantic like bitcoin.
I will give you an example: do you remember the mining pools of the past? How many are there still? Very few, right?
I guess the same will happen for these companies which are buying bitcoin right now: some will stick to it long term like us hodlers and other will play with it.
That is fine until we reach some higher price as more companies want to get a fair share of btc

Correction must have happened then maybe it will be before it was the lowest price this year but will after this increase if it reaches $60k will it be corrected again? Of course, many of those moments have been waiting for with the previous analysis, they already understand how profitable in bitcoin in this short time is the one with the benefits you experience.

Could it be that when $40k has become the base price people will definitely flock to buy more with the previous profit this will make them forget the risks that will be faced, now that's where we have to maintain how the analysis is correct.

indeed the decision to sell is that there must be the courage to hope that there will be another opportunity to buy when it goes down, because bitcoin already become is a short-term investment. it seems that the trend is headed there by bitcoin. quickly go up and quickly down, with a fairly high difference, of course if you use that opportunity it will certainly be not bad.

not all have the courage to make transactions like you do because with a high enough value it seems that the risk of losing is also thought of, even though we believe that bitcoin will increase again after the correction is made. lucky you can take advantage of that moment so that you get an advantage.
I agree that analysis is necessary before taking the steps to be taken.

What is unknown about all these big players is their attitude towards BTC over a period of time - that is, do they have a pre-determined exit point for profit or do they really believe that BTC can be their safe haven in the long run? There is one ascending line that has arisen because no one wants to miss the train that more and more reputable companies are jumping into - but what would happen if, say, PayPal or Tesla announced that they were leaving the business with BTC?

I believe it would be a sign for others to start withdrawing, because what we see is, despite the positive effect on the price, still very slippery ground - one negative decision of the US administration regarding cryptocurrencies can completely reverse the trend.

Not happening right now as the price moves to $56k? But good selling price though, just a couple of thousands of dollars from our last all time high. Definitely, it's a good call on your side, since you have made profits already. Might have to wait for a bit for the price to make a correction before you can buy back cheap again. Most likely though if this March turns out profitable for all of us, we might not see $40k'ish again.

Sigh, you're right.

1. On what's lost, that's always been known (depending on estimates, but it's not changed much since 2015/16). As you said, the bulk of those "lost" coins happened in the first few years.
2. Also not a figure that's really changed. I believe long-term holders don't tend to add a lot, if I consider myself one, then I've only managed to grow at the same pace dollar wise, which BTC-wise means a slower and slower accumulation (just saving $10 a year ago and doing the same now is already a drop from 300,000 then to 20,000 sats today, sob).
3. This is the one that's going to rock the boat! Because they ain't done buying yet, and new big investors ain't done coming!

Maybe they would have sold if they hadn't already done so, because let's be realistic and admit that weak hands have capitulated even at half the price we have today. And I personally expected that the end of the year would end with a max 100% increase compared to halving which would be about $15k, but Bitcoin always knows how to prepare a real surprise.

Bitcoin that is definitely not for sale at the moment I would classify into three categories :

• What has been lost so far, and given that people are still prone to mistakes even today - in the first 5 years we are probably talking about millions that are no longer available.
• What long-term hodlers hold and do not want to sell at any price, because BTC is something they value more than anything else.
• What big investors have bought in the last 8-10 months and what is locked in some custodial cold wallets.

I already sold some of my bitcoin at $55k

I am just waiting for the correction, and I think it is happening now, so I can bu back it and get more amount. It is another moment that I can sell it at a high peak, although the price still increases for a little bit after I sold it. But I make a profit now, and I have more time to buy back bitcoin. That will depend on yourself, whether you want to hold or sell it now because you must know when to buy or sell bitcoin. Always analyze the market before you do something.

Nice point! I'm always thinking about how to decide the selling point and buying point. Can you suggest any channel to learn these signals?

If trading, I don't think we can ignore the KOL. Elon Musk is making doge famous.
I can understand your trading way, which is one of the suggestions too. Thanks.

WOO, that's specific and encouraging.

Top of a range is a reasonable trading perspective right now I think but it doesnt show if we will especially sell or not but gains could be capped in any greater or additonal magnitude.



Looks like a trading channel but it isnt, the bottom part is just moving averages though it could be theres also a good trend to the lows.   The current high prices matches a trend or rate of gain for this year and is inline with highs at the start of the month, I dont think it has to be solid resistance especially now.

Long term goal = hold as long as you can
Short term goal = if you bought lower, then you can sell at $54k and take the profits

I think that's the strategy here, for average Joe and even whales or institutions. But since we are in a bull run, people are encouraging to hold because of the potential to see the top price around $100k at the end of the year.

I will only sell what I need to spend for my personal consumption, and I wouldn't dump everything I have right now. Regrets will only stress us out during the time of opportunity which you don't care all about, so for now I've learned that lesson. Bitcoin is really surprising, we don't know tommorow we'll see $60k or even $70k price will be achieved.

As long you do able to have some good gains then it isnt bad to sell off.It is just varying on what are you trying to do neither holding for long term or would make out shorts actively once you do get some gains.

Investors/traders can be classified as on two thing which means it will vary on what thing you do prefer.For me i have sold up my bag in 54k since i do able to purchase back when bitcoins price is still playing
between 47k-50k.

Honestly, this is the best time on playing with the price even though some people seeing these movements to be risky but actually this is the best recipe or the best time to get involved with the market.
You can play with those waves for you to benefit out.

I would just hold them if I don't really have other plan for the money.
But if I invested at a low price and I already have a huge profit then maybe I would convert some to hold into Fiat so I wouldn't care much if it goes down.

I will sell at a price that I have made profit. At this time the price is high, hodling for now is going to be risky. Selling now is good and wait to rebuy at deep. Bitcoin price is not falling anytime soon, waiting is still fine than buying now.

The price and the recovery is obvious, you cannot think of selling when the market potential is in full bullish trend thanks to the institutional investment, $ 54k if it represents a market recovery value, now what to expect is the reaction on the part of the world, it is not immediate, the emotions on the part of many traders will begin to occur in the short term, this will generate another increase in the price, if someone sold and has the opportunity to buy right now, I think it is a good time to do it.

You will get more experience from trading. And as long as you learn the technique of "patience", you will be able to do easy 1% per day from 2-3 trades. And eventual you will have a monthly strategy of sending a small amount of u'r Crypto from the exchange on to some offline wallet.

Sell it all. I'm seriously displeased that the best the bears could do was take a few weeks off from this 50k par. We need more sellers and weaker hands. This nonsense about BTC on exchanges at their lowest ever and people not willing to sell now is not the bear scenario I need to keep me stacking my sats before $1000000. Yes, additional zero intended.

There are different entry and different reason how to react with this current bull, if you do bought your  coin from few weeks ago
then you are still in green but not that huge.

While to those who bought it up last year and still holding their assets, it's really magnificient and already have  a huge amount of
profits.

Today is another ATH day... all the bitcoiners are winning today, the ones who buy in the past weeks will have a small profit, but those who buy in 2020 have a good profit right now. The ones who need the money for sure will sell and the ones who can hold will hold for sure.

The price could be growing more, so, if you can hold then do it.

If it is profitable enough there is nothing wrong with selling and the most important thing is to sell in a high profit situation.
and I personally choose to keep it because I believe the bitcoin price will hit 100k this year, and I always make long-term investments to produce satisfactory results and I already sold half of my profit when the bitcoin price hit ATH yesterday and the rest I hold to welcome ATH new.

I sold too early and is regretting till date. It would be better to sell a small portion of your holding if you don't want to take the risk.
People are much more cautious as they are assuming a 2017 style crash but that's less likely as many institutions have bought coins at a much higher rate.
The price surely will correct but that could be a smaller one or one after the ultimate rise to 100K.

Still talking about holding and selling?
Before even buying, holding or selling Bitcoin take a moment to think about your investor profile and ask yourself a few questions:

• How much do you know about Bitcoin?
• Do you plan to buy BTC and store it or speculate on the daily volatility of Bitcoin?
• Can you manage a bitcoin investment yourself?

Without having a clear answer for each of those questions better to stay away from bitcoin.

$1 million seems like a good price  
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.

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

I still hold a bit.

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.

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.

- 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

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.

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.

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.

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. 

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.   

To our dear OP,

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

 

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.

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.

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.

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.


Will you sell at $58k then?

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.

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.

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.

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.

I sold my btc regarding elon musk statement on Twitter. The price at that time was fell down, so I think maybe that is the right time to sell my btc. It seems that I was wrong, the price starting to rise again. I am a type of bitcoin holders who sell bitcoin when the price high and I will buy bitcoin again when the price is cheaper. Now I don't have good position to buy so I will wait. I really regret because I easily trust news in instagram about bitcoin without check any new news here. I will be more careful.

Unless I have a very urgent need for funds (fortunately this is not the case), I don't think Bitcoins should be sold now. In my opinion, things will only get better for the crypto community and the crypto market in the near future. My opinion is obligatory - we hold.

It is too low for Bitcoin. Still early to sell BTC given. Many think that it will reach $75k in this bull run and $100k during the year. Hodl on tight!

I like your advise ,we can call your advise as a  safe zone in doing trading.It's safer to sell half coins to get profit rather than being greedy and waiting it's price to go high ,if suppose it didn't go as planned and the price dropped then we will face serious loss.I have done this mistake ,I invested all my btc on one coin and gained huge lost. So everyone be careful in this crypto world.

What exactly are you doing? are you trading or do you want to get out or are you
selling because you need to buy something? Why $54k?

If you are trading and asking this question you shouldnt be trading. you should be able
to read the charts and various signals and make an informed trade.

Coming on the forum and asking 1,000,000 people what they would do doesnt make
sense, you will get predominantly HODL as the answer.

HODL.

When you're satisfied with the profits. It's actually your decision and you can listen or not to the suggestion of others. We have different situations in life and for people like me, I can endure of not selling it and hold it until I can.

But for you, you don't have to be dependent with others words. If you're thinking of selling it as you have plans to do something for the profits you'll be taking then do it.

You can always accumulate at any price if you want to but if that's what you think, follow your heart. But for some of us, we'll hold.

If holding them, when to sell?
I was used to investing in mining bitcoin and now I mine less and trade more.
When I mine bitcoin, I can hold them for long, because my machines are keeping running, which makes me feel safe that I can accumulate more in this way.
Right now, more difficult to buy machines, so trading is another option. If I didn't sell, no chance to get more coins.

I agree with you but it's difficult to catch the top point and not easy to leave the profit with me. Looking back the year of 2017, most people think bitcoin would keep rising, ignored the best selling chance. Well maybe you will not make the most profit but at least you locked the profit.

It's very simple, if there is anyone that has to ask others whether they should hold or sell their bitcoins when price reaches $X (where X is any value at any time) then they should not own any bitcoin in first place. My recommendation to these people is to sell the moment they feel they should ask this question without waiting for answers.

If you are not sure you can just sell half of it at least you still have some more if the price goes up and the other half you could buy other coins with that. It's better if you spread your investment to multiple coin and not just on Bitcoin.

Another option you can choose from is to lend it on custodial platforms like Nexo and Blockfi to earn interest but keep in mind of the risk of not owning your BTC because you don't hold the keys.

You can also trade it with an altcoin pair. There's a good chance that you'll gain more BTC on this bull run than selling it to fiat/stable coins.

Our last all time high is around $57k if I'm not mistaken, so why would you sell at the current price of $54k? doesn't makes any sense. And you yourself said that this bull run is encouraged by institutions, so most likely this will continue. Next target is around $60k-$70k for the next short term top. So for me better wait for the price to reach that goal before selling. Of course, the best thing to do is to hold for long term, but every individual has difference goals here, so best of luck in your decision.

If I am in this situation, I will definitely keep bitcoin. Why sell bitcoin when we know how much its price will increase in the next 5 or 10 years and more people and more institutions and companies will enter this big world ?

I wanted to sell what I currently hodl but I don't think that I won't be getting a lot of money and not to mention that I know that these prices are going to up this year, I just have to save what I currently hodl and just top it up more so when my right time comes, I can get a big profit margin.

With respect to HODLers!

Lol a lot of us true avid Bitcoiners here aren't planning on selling anytime soon, or anytime entirely. Some of us are just planning on holding, and use it from time to time to purchase stuff in the future when it gains more adoption.

If you're just a trader though and if you're happy with selling at 54k— then just sell.

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?