Topic: Cash out or HODL - Bitcoin? - page 10. (Read 8058 times)
Unless you are going through a hard time and desperate for dollars to pay your taxes and buy some food, you should never cash out your bitcoin, you should hodl it until the end of time. Bitcoin is the best digital store of value known to humanity, which means the longer you keep it in your wallet, the less poor you become. In the case of the dollar, the opposite is true. Bitcoin is the best digital means of payment in terms of security, transportability, immutability, accessibility. Until the invention of bitcoin, humanity had had no idea how to represent physical cash in a digital world. Moreover, by never selling your bitcoin, you only make it more valuable and more widely adopted, which results in an increase in the value of your own holdings.
If Bitcoin has already achieved its ATH for the season then it's better to cashout but if Bitcoin is going to surge further then HODling is sensible but how do you figure out as we cannot depend of predictions since it fails most of the time. What's your opinion?
I ain't sure anyone has the answers to the many "ifs" in your comment. If anyone did, that would make such a person a superhuman. Well, for me, I think it's premature to sell off now considering that we still have 2021 (which is a post Bitcoin halving year) to repeat the miracle of 2017 (which was also a post Bitcoin halving year). If I had Bitcoin in my possession, I wouldn't be selling now. There's still more room for movement up north (if you get my drift). Don't base your judgment on the fact that Bitcoin just made a new ATH and so should be ready for a crash. There could be corrections along the way but certainly not a dump. There are many more ATHs to be made in 2021. 
Why should we cash out bitcoin while it has a potential to go even higher? Why dont we continue to hold for a astonishing profit? Selling bitcoin at the moment is a not a terrible idea but it can make you regret in the future. We all know that the price of bitcoin has possibilities to reach $30000, $50000 or even $100000. Actually, I heard that many people have already cashed out their bitcoin cause they think that they earn enough money from this asset. If you think the profit is decent enough, just sell your bitcoin.
A FUD can happen obscuring your later decision when everybody sells their bitcoin blindly. Therefore, be a smart investors. Sell high and buy low. And never regret any decision that you have made. Emotions only cause worse things to happen to your investing career
A FUD can happen obscuring your later decision when everybody sells their bitcoin blindly. Therefore, be a smart investors. Sell high and buy low. And never regret any decision that you have made. Emotions only cause worse things to happen to your investing career
I am sure that everyone will still have a chance (and even more than one!) to buy bitcoin at below current prices! That's why I sold my bitcoins... I think that in March-April bitcoin will be cheaper than 20K...
If you are not a full time trader it's better to cash out, you can only have hard time making a decision between holding or taking profit if you don't know what you want or where you are going, I buy few bitcoin at 10,000$ and I'm get out at 24000$ simply because I'm satisfied with the earnings
I believed bitcoin is different from the previous 2017 bull-run, and what I mean different is that it didn't correct after hitting ATH. Well, I have to hold my bitcoin for a longer time. Cashing it out right now is already disbelieving bitcoin to go 30k next year. Of course we can't predict what happen in the near future but as what it is right now - I firmly hold for it.
After I realized that the bullish trend that is happening in Bitcoin today is very different from what happened in 2017.
I decided to HODL the Bitcoin that I have, I am very optimistic Bitcoin will not stop at $ 24,000. Bitcoin will continue
to rise until the price of $ 25,000 later this year, and I predict that Bitcoin increase will continue until 2021. So deciding
a HODL Bitcoin was the right decision.
I decided to HODL the Bitcoin that I have, I am very optimistic Bitcoin will not stop at $ 24,000. Bitcoin will continue
to rise until the price of $ 25,000 later this year, and I predict that Bitcoin increase will continue until 2021. So deciding
a HODL Bitcoin was the right decision.
Yes, we can't just rely on predictions to hold but it would be a shame to cash in now because I just believe the new ATH achievement won't likely still be around $20k at least it will be higher. With that said, I personally still chose to hodl because maybe it was a very different season from before and it seems like it has been felt since the world was hit by the pandemic. Hopefully, choosing to hodl isn't something greedy, but whatever choice you make, it will still be the best because even this price increase has made a lot of people profitable.
Here we are again at crossroads to choose whether to cashout bitcoin which we have or else Hodl for some more time? This week is undoubtedly most complicated week of the year for bitcoin users because history has not been so kind to bitcoin towards the end of year's post bullruns. If Bitcoin has already achieved its ATH for the season then it's better to cashout but if Bitcoin is going to surge further then HODling is sensible but how do you figure out as we cannot depend of predictions since it fails most of the time. What's your opinion?
if I personally definitely hold my Bitcoin, because I invest in Bitcoin for long-term investments and of course my target for Bitcoin price is more than $38k, but if you are in doubt and afraid Bitcoin price will fall again, then you better sell it or you can sell part of Bitcoin that you own and part of it you hold for the long term, because I believe the price of Bitcoin will continue to increase.
A lot of people will cash out on this ATH like what happened last 2017, so the most logical way to make the most out of your investment now is to cash out and reinstate your investments once the price stabilizes at a lower rate. You can't expect every bitcoin holder to go on a consensus of not selling since this ATH is very tempting to the most of us waiting since 2017.
Should we have to ignore this thing now? No, we have to consider this. If we are good right now, having profited already, I should have to make a sell some of it. Hold if you are a long-term holder.
True. Sometimes being too confident or convinced of something will get you straight plummeting. That happened in 2017 and with this ATH being ever more crucial than the former, we need to make up our minds. As for the most of us, it can be expected that they will be selling. It's just how it works.
cash out if you really need the $'s otherwise hodl !
worst thing would be regreat for selling -early-
Well, that holding isn't good all the time. If we can remember how HOLD make people regretting and blaming themselves during the last Bullrun is that because they are driven by a hold mindset. They don't sell because an expert says that it will continue to move high, it was just an unfortunate thing that it dumps right after hitting its ATH. worst thing would be regreat for selling -early-
Should we have to ignore this thing now? No, we have to consider this. If we are good right now, having profited already, I should have to make a sell some of it. Hold if you are a long-term holder.
cash out if you really need the $'s otherwise hodl !
worst thing would be regreat for selling -early-
Well, that holding isn't good all the time. If we can remember how HOLD make people regretting and blaming themselves during the last Bullrun is that because they are driven by a hold mindset. They don't sell because an expert says that it will continue to move high, it was just an unfortunate thing that it dumps right after hitting its ATH. worst thing would be regreat for selling -early-
Should we have to ignore this thing now? No, we have to consider this. If we are good right now, having profited already, I should have to make a sell some of it. Hold if you are a long-term holder.
holding bitcoin is a lot more profitable than cash, bitcoin has a good long term every 4 years once the supply of bitcoin mined will decrease and that makes its value even higher, bitcoin always gets a new ATH in 3 years
Yes, if you are holding bitcoin since the start of this year or when the bitcoin fluctuates last Q1 and Q2 this year a lot of gain will be in your wallet now, but still if you don't have any deeper need in money you may not cash out now maybe spend the half and save the half of it so that you will still have bitcoin in your wallet because a lot of news spread today and I think it will be the reason for more pump today and for the next days we can say that bitcoin will probably go to 30k.Good suggestion but we should not forget to think in sideways since we need to look after the past events and decide whether it's good since January is a sort of questionable matter right now, but if the price retain until next year and more constant price changes will happen then it's good for us to hold for another 1 year to gain more.
cash out if you really need the $'s otherwise hodl !
worst thing would be regreat for selling -early-
worst thing would be regreat for selling -early-
nothing warms up like dollars under the pillow 
holding bitcoin is a lot more profitable than cash, bitcoin has a good long term every 4 years once the supply of bitcoin mined will decrease and that makes its value even higher, bitcoin always gets a new ATH in 3 years
Yes, if you are holding bitcoin since the start of this year or when the bitcoin fluctuates last Q1 and Q2 this year a lot of gain will be in your wallet now, but still if you don't have any deeper need in money you may not cash out now maybe spend the half and save the half of it so that you will still have bitcoin in your wallet because a lot of news spread today and I think it will be the reason for more pump today and for the next days we can say that bitcoin will probably go to 30k.
Depends on you. Are you holding for the long term or waiting to sell at a all time high. Well $24k is a ATH hodl your coins and miss out on the profits. We might see a similar play out like in 2017
Before taking any decision on whether to hold or sell, it depends on your needs.
If you will be needing the cash to settle any bill within the next 30 days time, I will advise you cash out now, because price may go down before time, remember the bitcoin market is not always on the rise, it goes up then comes down, then go up again. the price may come down when you will be needing the money urgently. What ever the case is, if you sell now, you're not selling at lot.
A $100 in the pocket is better than a $1000 in the forest.
But if you're not needing the money any time soon, I will advise you keep holding
If you will be needing the cash to settle any bill within the next 30 days time, I will advise you cash out now, because price may go down before time, remember the bitcoin market is not always on the rise, it goes up then comes down, then go up again. the price may come down when you will be needing the money urgently. What ever the case is, if you sell now, you're not selling at lot.
A $100 in the pocket is better than a $1000 in the forest.
But if you're not needing the money any time soon, I will advise you keep holding
holding bitcoin is a lot more profitable than cash, bitcoin has a good long term every 4 years once the supply of bitcoin mined will decrease and that makes its value even higher, bitcoin always gets a new ATH in 3 years
Here we are again at crossroads to choose whether to cashout bitcoin which we have or else Hodl for some more time? This week is undoubtedly most complicated week of the year for bitcoin users because history has not been so kind to bitcoin towards the end of year's post bullruns. If Bitcoin has already achieved its ATH for the season then it's better to cashout but if Bitcoin is going to surge further then HODling is sensible but how do you figure out as we cannot depend of predictions since it fails most of the time. What's your opinion?
I made a riskiest decision i ever made this year ,as Bitcoin showing strong position on the Top ,XRP is continuing to Fell so what i did is converted 1/3 of my bitcoin Funds and Bought XRP because i believe this is the cheapest we can get ,32 centavos is for me way cheaper ,and i wanted you OP to think as same ,if you can risk but profitable sooner?why not. A very tricky situation right now. Also, I see lots of confusion among the investor, should they sell or hold. Right now bitcoin trading above an all-time high and It might even go further up, also have a risk to go down and test 12k, nobody knows. but If I were to hold bitcoin, I would sell 50% just to be safe.
it is true nobody know what the bitcoin future holds we are all waiting and expecting that bitcoin will be good price for all of investors sake not just by waiting and standing for the price increases people should learn on how to trade into other crypto currency so they can earn from it. It is good decision to sell 50% of your profit but thinking if you don't money then you should keep it just saying but it's your own so you just following your guts to sell we had financial to be paid by the end of the month. Maybe other big companies and names in industry will start investing in bitcoin since they knew already that bitcoin is a really to put their money in. Jump to: