Topic: Build, Before Selling Bitcoin! - page 2. (Read 527 times)

As investment is consern, we must sell some day but the reasons why we hold for long is because no body wants to sell at loss, or settle for less. We believed that as time flies we will make a lot of profits than when we sell for short term. Selling when you haven't gotten any better profits is not a wise action because the reason  why we make investments is because we want to make profits and to be serious it's not everything we are supposed to invest on just as we can not invest on Bitcoin/shitcoins/altcoins so that we can concentrate on the better sides (bitcoin) for long terms.

Some people wey I know sef know even get sell for their agenda sometimes e dey make me dey even wonder when e go come dey okay to see that their investment don actually ripe to sell because I believe no matter what and time it takes an option for sell will still be the era of the day even after a long term of holding your Bitcoin. Bitcoin is still in it's early phases despite the fact it has grown so much from the initial time of creation and I believe this is context at which almost holds their Bitcoin.

Every better investor no dey get satisfaction for em investment, as far say na na profitable investment, even when you don reach your target, you must dey greedy make you get more gains, so you go invest pass your target. No dey carry only your target for mind if you dey invest, instead carry am for mind to pass your target, so you go fit meet am come pass if possible, of you carry only your target for mind, you fit tire no come reach am.

Try dey set higher than normal goals for yourself, so you go get higher advantage.

You fit still build your portfolio within a short time, them get lump sum, which be say you use plenty money buy BTC one time come dey hold am. Thst one ma for people wey get the big money. If you no get, you settle for DCA.

From my personal opinion, long term plans is more profitable when it comes to Bitcoin holdings. When we hold for long terms wey pave ways for bigger profits in future. Our Bitcoin portfolio is important to us, and one who is planning to invest for long term on Bitcoin should always know two important things.

• 1-

Patience This is what makes an investor a good one, mostly if the person is planning on investing for a long term. However as a crypto beginner that want to invest in Bitcoin but don't know the actual strategy to use, you can use DCA method for investing because it's not a must to buy Bitcoin with big amounts of money. DCA is the easy method for a beginner and experience Bitcoin investor to use. If you are patience you can achieve a lot of good opportunities in the crypto space because you will experience the dip and bullrun then you can also take advantage of it as well.

• 2-

Security: This is also one of the important things an investor needs to know, I believes that everyone who's experienced in the crypto space knows that security is one of the important thing for a successful investor. As an investor who knows that his assets is important to him or her who know how to secure the assets. It's just like knowing how to secure your physical documents because you know how important it is. But when it's a wallet seed phrase, you have to secure it more that you secure those most of your documents. Some people keep their documents in a wardrobe but seed phrases are not things that one should just keep in a wardrobe because it contains something more important. Some documents can be recreated but seed phrase are not things that can be recreated.so safe keeping it is another priority for an investor who wants to invest for a long term.

Hmmm...wetin you tok na true o. But, as e be now Nigerians nor even dey look bitcoin side again like that. Na all these memecoins, altcoins, P2E games, airdrops, and shitcoins dem dey look. Some of them na like hamster, tapswap and others. Na there wey dem dey get hope to take cash out. I remember one of my colleagues tell me say she dey tap, make she see if e go pay am like notocoin. And the koko be say na profit dey their mind. Nothing else. Most, not all of them dey reason convert to bitcoin and hold. The mindset na say if e pay, we cash out. If e nor pay we move to another one wey dey hot.

This na better update you just drop for beginners my friend about the needs/importance of building a portfolio before thinking of selling, which happens to be a good strategy. But though why we are trying to discuss about the solution to this menace, let's not forget about some of the possible causes which makes people sell their Bitcoin prematurely, as one of the reasons likely to cause this is when a person invest all his capital into Bitcoin, with the mindset he will make quick gain, forgetting the fact that it is a volatile digital currency whose price value works according to demand and supply. Secondly, another reason that can make a person sell his Bitcoin prematurely is when a person borrows money to invest in Bitcoin, with the mindset to get rich quick. And when the results seems not to go as planned, he tends to sell it off. Hence, if only people are able to manage their funds effectively, they will be able to have their Bitcoin last long.

Those people wey dey hodl btc that long like the 10 years wey you dey talk no be people wey dey feed from hand to mouth but people wey hodl dem side well and it might not be for that long. In fact, wetin I believe should be the target of hodling should be for each halving season. Like for example to buy during bear season and then wait for halving ATH to resell but na to buy and keep for 10 years,omo e no make sense because you just wasted the profit wey you for pick in between the years. E better to hodl but no be to hodl without knowledge of how market dey move. The reason for hodling na for profit sake and so why person go still keep coin wey don give you double value. If you sell then you buy for bear, na DCA be that.

Just to cut short the whole story short, sell whenever you think is right for you .
The main goal of having to hold bitcoin is to have profit and each profit level is ought to be determined by the holder himself but I think the other masses thinks it different
I’m on the opinion that just as holding is extremely profitable so it’s profiting at all times also very profitable and taking out profit at every satisfactory level isn’t no crime and we shouldn’t be preaching holding maybe the wrong way because we are already making it seem very impossible to newbies and potential holders.

Fear, na e dey make people wan sell of Dem BTC before e big reach. Most times na why e dey advisable as person wey wan hold Bitcoin for long term to avoid market or news sef. Just sufa u know say ur BTC dey safe. No dey always go monitor price small the go back go check ur wallet how much remain. That one go only drive you to wan sell quick quick and dis wan go lead u to many loss. Because d u dey sell for lower price than watin u Tay buy.

Again, to avoid selling off before e many,  make sure say u don chop bellefull first. Some people go just dey think say if Dem pack all Dem money out for Bitcoin na e Dem go Tay blow ones. My guy na lie o. U supposed don chop, get better source of income before u go dey think of BTC investment. Dis one go prevent u from chopping ur investment before e go even big reach anywhere.

I agree with you my brother, it is a good thing to invest in bitcoin and not to sell without making good profit in hodling. But one thing you need to know is that bitcoin no be sometimes wey you fit do pass your power. Sometimes the reason why people sees it very difficult to invest bitcoin is that they do pass their self which is so difficult for them to hodl for a longtime.  I believe when someone invest with amount they can afford w dey make sense for investment,  e dey help for one to be able to touch other important aspects of life that and no be just use all your income to invest bitcoin but to also make good plan on how to invest bitcoin well.

Bitcoin as an investment is really one of the most simple and profitable kind of investment to pertake in, less stressful and unarguably one among the most profitable as long the terms of holding are kept. The moment we begin our Bitcoin journey, the decision is made whether for the long run or a quick sell and back up plans are made to ensure one abides by his/her decisions made without interfering or disrupting portfolio, this is where emergency/reserved funds and good income source are utilized according to proper planning to build and maintain ones portfolio.

The key factor about building our portfolio is how we determined to continue HOLDING no matter the ups and down.

What other portfolios do you want to learn here having reading the general english board and speculation section on how to hold and engages in DCA, and of course anyone who has been in those board shouldn't lack what to do concerning their investment. The major thing is that you should choose when to sell and how long to hold if you must sell off your bitcoin, of course we knows that many people are holding for decades while some only interested in 1 year to 4 years just to experience one halving cycles with this there's a lot of benefits if they invested when it was extremely dip.

You really sum up the very key things way dey instrumental to build and succeed with our bitcoin portfolio journey. But I just want add say, all of those sum for me oh I just believe say na one thing go fit make an investor fit succeed meeting up all those 4 items you list and that thing nah getting an unrestricted source of income like business or job. Person wey source of income don close for some period of time it go hard for am to avoid pressure to sell when things don hard am, which means the safety of the investment to see long run no fit possible.

Exactly, you must make a profit before selling your bitcoin because failing to do so would result in a loss. But the most important thing to remember is that even if you benefit from bitcoin, you should never sell all of your coins because bitcoin is unpredictable and the price can change at any time. I don't leave my wallet empty because I feel I'll make more money if I leave it for a long time. Bitcoin is a reliable and successful long-term investment, unlike other shitcoins. You may confidently recommend it to others without fear of losing money from it. He should just learn and invest and be getting profit if can be patient. Many people are used to short term investment because how the economy is now many people don't have enough money to keep for long periods.

If you really think say e Dey ripe, I go tell you say, e no Dey ever ripe finish o.
As e pump, na so e Dey carry dump. Last last, you go still find out say, that pump way you think say, e don ripe so, lactic acid still plenty inside.

No matter watin you Dey think, no ever sell all your Bitcoin. Portfolio na something way you go build all through life. E no need to be a process way go get end point, it’s not in phases. You’re allowed to chop as you Dey build, no be sacred cow and you no go kill yourself. When you no get alternative source to fuel your desires and needs, you fit dip hands once once but, with reason and make the hand you Dey dip no be something way go too Dey significant.

As you Dey dip hand kwa, try Dey get plan to put am back. That way, you go Dey okay.

No be small sweet story indeed , most short term or Hippocrates Bitcoin holders na as of results sey dem get new maybe probably from people wey dem sef no too sabi about Bitcoin dey talk say Bitcoin investment go give them plenty money without telling them the risk and even the time factor which is very important. Bitcoin na asset wey dem suppose hold for long as e dey take many circles and turns  to actually hit ATH which many of these Hippocrates don't know about.

At first I will say I like the  title of your post nice one mate, build before thinking of selling , before going into Bitcoin investment one thing you should have in mind is that bitcoin is not a get rich quick scheme. Inorder to make it big in bitcoin you have to first take your time to build a nice portfolio first which may eventually take years depending on your cashflow though.  We have already see the beauty of holding Bitcoin and many of have been saying this I wish I started way early than this , but still we are still early in it so we just have to accumulate as much as we can as bitcoin keep growing. Though there isn't not guarantees but still it worth the shot. And hope you are keeping to this that holding for long-term in bitcoin is the best.

The truth is that everyone have their plans and target when it comes to investing in Bitcoin. Not everyone plan to sell all their Bitcoin after they finish building, some people plan to continue to build and sell strictly when they have a project they want to use part of the proceed of their investment to execute such as building a house or another good one. In this case, they will just sell part of their Bitcoin while they continue to build using the DCA method or any other method they are using. There are also people building their portfolio to be handed over to heirs. To them, Bitcoin is a very good option to save their wealth so that inflation will not eat it up, besides, it has also shown to increase in value with time.  

Interesting! No be only sweet story be the thing wey dey make people invest for Bitcoin. Make i talk some of those things wey me i dey aware of.

1. One na the because they done dey aware say bitcoin na one way wey de fit fight inflation. Based on the value as e they increase, they feel say if dem keep their local currency as Bitcoin e get better value in the future instead of losing the value wey dey fit use purchase things.

2. Another one be assurance of high returns in the future. Many people wan make am quick quick while some don understand say long term for Bitcoin they give profit wel wel na why they ready to keep enough Bitcoin so that they go dey wealthy for future instead of taking this small profit wey dey fit get now.

3. The last one i wan talk here so na easy access. Imagine say you invest for real estate. You get to wait for the due date for you to collect your return from your tenants. So na annual process but bitcoin investment na something wey you fit take your profit anytime wen you want am. The sweet pass be say you dey see am as the thing dey grow.

Many people get their reasons sha but this one na him so many people fall under.

Bitcoin is not a quick and get rich scheme, it requires patients and consistence accumulation and as well as holding for as long as possibly 4 to 10 years or more such that your investment can have a compounded value over time, yeah one shouldn't sell when it is time to be accumulating Bitcoin, what gives a good potential overall return is actually the quantity of Bitcoin one has and how long one was able to hold, patient is a virtue, having a target is one important thing and working towards achieving it is another important thing differently that are of great value regarding to having a successful Bitcoin investment.