Cash out or HODL - Bitcoin? - page 12.

CryptopreneurBrainboss

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Quote from: microsurfer on December 22, 2020, 02:17:59 AM

It all depends on one question. Do you need fiat right now? If yes, then right now is not bad time for cash out

In additional you can as well collateralized your bitcoin for fiats if you're desperately in need of cash urgently but don't want to sell your coins due to the feelings of missing out on future profit if the bull run was to continue which from Indication that might be the case as the market is still looking very bullish. The defi technology made this very easy and you can take advantage of that.

We also have options on the forum from very trusted lenders that you can apply for a loan, collateralized your bitcoin and when you pay back the loan you get back your coins and if luck is on your sides gain some profits from the price appreciation.

Responding to the topic, I'll recommend holding.

mk4

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Quote from: Rasel5209 on December 21, 2020, 11:45:53 PM

Now bitcoin price is high in this year so i tell you can sell btc now. After this year it price can be decrease then you Buy btc and hold for Increase.

Yo. You seem to have the skills to be able to look and predict the future. Do you mind sharing the Amazon link of the magic crystal ball you've bought? I'm going to need one of those for my trades.

BITCOIN4X

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In my opinion there is currently no best investment advice other than your own judgment. You have the right to sell or hold your bitcoin asset without having to ask question or be influenced by other people's opinion. Your Bitcoin is your money, and it is your responsibility. Consider market volatility before you make a decision because a good investment is when you enjoy the return you are getting.

If it were me, then I would sell it and would buy the next time the price down. In my opinion, good investment management is when investor or trader are able to take advantage of opportunities that exist in the market such as price volatility or fluctuation. Without waiting for the big moment, I think bitcoin trading and investing also has the potential to generate profit.

Leviathan.007

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Bitcoin already saw another ATH and it was amazing for bitcoin holders. If you are having long term vision and bough bitcoin to hold it until long term time I you suggest to hodl and avoid selling, even on ATH. But, you want to do some risk you can easily sell some part of your bitcoins at the current price and wait for a correction where you can buy more bitcoins, this way you will get more bitcoins, however we don't know if there will be any correction during these days or not, so, the second scenario seems to be more risky. I would hodl.

Asuspawer09

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Quote from: Wysi on December 21, 2020, 03:51:31 PM

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?

At this point of ATH for sure, it is a good time to sell your investment or your bitcoin since we could make sure that we created a big profit.

But when it comes to bitcoin holding is still a good move for bitcoin when it comes to long term investment because of the supply and demand or adaptation of bitcoin we could always expect the market price to increase.

Personally I just hold my bitcoin and then sell a small percentage of it when the market price is high and I could earn a good amount of profit and then buy bitcoin when the market is low for potential profit in the future.

namcunguyen

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I will withdraw 50% of Bitcoin to cash and the rest I will keep Bitcoin. if Bitcoin drops a lot I will lose a little, but Bitcoin increases I also have a little profit.

sarmrakib

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Quote from: BIN-BIN on December 21, 2020, 04:38:29 PM

There will definitely be more bitcoin price surge before the year 2020 comes to an end, but even at the present price we are already in bull run so many f you cash out now you are still cashing out lots of profits already but if I must advice I will say I hold for more bullish period ahead to cash out maximum profits.

I think if he/she get the huge amount of return could cash this .Or if he has any plan to hold for long term it will give a good return for sure .The price is bit fall down from 23k$ but still have chance to grab few coins on this price .It will be worth in near future for sure .I think you may hold we can see a huge bullish trend to the upcoming years .

MWesterweele

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Quote from: Josefjix on December 22, 2020, 06:39:56 AM

Depends on the quantity you're Holding, it also depends on your financial ability to maintain bills and cover up in case your sole reliability is Bitcoin. You can sell when the bull run is happening. If you have other means of paying your bills you can hold nobody knows if the pump would linger or dump will hang around. In my personal opinion I'd still hold for a few months.

So totally true because we do have our own financial needs and even we choose to Hodl our bitcoin most especially at this point of ATH if we were needed the money we don't have any other choice but to cash out. Lucky those who have a previlege to Hodl their bitcoin because they can sustain already their needs, their necessities, their bills and others without compromising their bitcoin. But for those who haven't yet worked or employed because of the pandemic effect could be no other choice, but i do hope that we all survive from this crisis and have a good life after all this sufferings.

Natsuu

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Quote from: DoublerHunter on December 22, 2020, 06:44:36 AM

Quote from: Nhor1011 on December 22, 2020, 06:27:14 AM

Quote from: microsurfer on December 22, 2020, 02:17:59 AM

It all depends on one question. Do you need fiat right now? If yes, then right now is not bad time for cash out

Yeah, but don't cash out all. Buy again when the price drop and hold because if you are going to cash out all, then suddenly the bitcoins value increase again, for sure, you will regret.

^ Definitely right and good question, if you badly need money right at this moment then, it's the right time to cash out your bitcoin but I suggest not to cashout them all, just HODL and left some in your wallet. We could not blame people who want to spend their bitcoin during the holidays because most people need money at this time and probably selling their bitcoin is one common decision of most HODLERs. Nevertheless, I am worried about the possible impact, it could cause a short correction of the price once everyone has the same decision of selling bitcoin.

Ergo, with reference to the OP, we should sell it to avoid the situation that was BOLDED above ^^, then buy it after the holidays.

This would only be applied if his worries is true and actually happened, which is pretty feasible given the happenings last year.

You guys were actually predicting future market price without noticing it, and the prediction seems pretty legit. So I might sell some I guess tomorrow, then buy again after the new year.

AicecreaME

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Quote from: Wysi on December 21, 2020, 03:51:31 PM

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?

This is based on my experience, if you're going to cash out money that's more than what you earn, you're not going anywhere, but if you just simply HODL your funds, you're still might not go anywhere because the result might be the opposite of what you're positively expecting, I mean the funds you HODL might decrease its prices when the time you needed the money.

So it's more better to HODL your tokens but don't just let it sleep there. Hodl it while you trade it, that's more productive and will give you profits if you're willing to study about Trading. It's complicated at first but it's worth it.

FireBallex

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If you have a hard time to make decisions when bullrun is ongoing think about if there was never no bullrun, greed is why we hesitate in this season, the fear of wanting more and more is complete greed, you need to make up your mind or wait till bear still what you've already achieved but couldn't take

meanwords

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Quote from: AniviaBtc on December 22, 2020, 05:43:52 AM

This is one of the hardest decisions in the life of a bitcoin investors.

When bitcoin's price is in a bull run, it is really hard to make decisions, it is really hard to act because there are a lot of possible options to do.

That is true. Which is why there should be at least a planned percentage on how much we are going to take profit because along with those decisions, there's greed that will hinder us. I think greed is the hardest enemy especially during this times.

To be honest, it's wise to take profit now if you are a trader and bought below $20,000. At least a portion of your holdings if you need the fiat.

Latviand

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I'm looking for bitcoin to increase more and reach $25k before this year ends or in January 2021.

Nothing is impossible on bitcoin if you make your goals feasible. It is really impossible for bitcoin to reach $30k this year so don't hope for that but instead, make $25k as your signal to cash out.

It is really hard to make decision if there's a lot of possibility that will confuse you on what action you are going to take in the future.

kotajikikox

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I cashed out When the value of Bitcoin reached 24,100 to be exact as i have waited infront of binance monitor ,i want to personally see the 24,000 Price before selling Half of my Bitcoin holding ,and all my Altcoin stays and not been touched .
Practicality wise ,because i have already experience 2017 and i don't want to be in another 2018 Mourn of market.
Your call mate,don't let us felt the guilt if we choose for you and failed lol.

DoublerHunter

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Quote from: Nhor1011 on December 22, 2020, 06:27:14 AM

Quote from: microsurfer on December 22, 2020, 02:17:59 AM

It all depends on one question. Do you need fiat right now? If yes, then right now is not bad time for cash out

Yeah, but don't cash out all. Buy again when the price drop and hold because if you are going to cash out all, then suddenly the bitcoins value increase again, for sure, you will regret.

^ Definitely right and good question, if you badly need money right at this moment then, it's the right time to cash out your bitcoin but I suggest not to cashout them all, just HODL and left some in your wallet. We could not blame people who want to spend their bitcoin during the holidays because most people need money at this time and probably selling their bitcoin is one common decision of most HODLERs. Nevertheless, I am worried about the possible impact, it could cause a short correction of the price once everyone has the same decision of selling bitcoin.

traderethereum

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Quote from: Nhor1011 on December 22, 2020, 06:27:14 AM

Quote from: microsurfer on December 22, 2020, 02:17:59 AM

It all depends on one question. Do you need fiat right now? If yes, then right now is not bad time for cash out

Yeah, but don't cash out all. Buy again when the price drop and hold because if you are going to cash out all, then suddenly the bitcoins value increase again, for sure, you will regret.

It is the right answer. I like the answer both of you. We can sell bitcoin at any high price, but we can buy back bitcoin if the price drops and hold for more until the price can up again.
You can still do that to increase your portfolio and of course, you can make more profit by trading.
In the next moment when the bitcoin price goes up, you will have more chances to sell bitcoin at a high price, and I am sure that your profit will be bigger.

Josefjix

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yes

Depends on the quantity you're Holding, it also depends on your financial ability to maintain bills and cover up in case your sole reliability is Bitcoin. You can sell when the bull run is happening. If you have other means of paying your bills you can hold nobody knows if the pump would linger or dump will hang around. In my personal opinion I'd still hold for a few months.

Nhor1011

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Quote from: microsurfer on December 22, 2020, 02:17:59 AM

It all depends on one question. Do you need fiat right now? If yes, then right now is not bad time for cash out

Yeah, but don't cash out all. Buy again when the price drop and hold because if you are going to cash out all, then suddenly the bitcoins value increase again, for sure, you will regret.

AniviaBtc

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This is one of the hardest decisions in the life of a bitcoin investors.

When bitcoin's price is in a bull run, it is really hard to make decisions, it is really hard to act because there are a lot of possible options to do.

You can cash out and take your profits if you think that you really need it or you need to pay for something. You can HODL if you think that the bitcoin's price has a potential to increase more or much higher. We have different situations in life, some of us do really need money as soon as possible and some are just holding to rely on the market.

Strongkored

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Sometimes we also need to enjoy the results of what we have been doing so far, hold BTC for a long time and now when the price is high it is okay to sell and buy goods for useful or important things. If you choose to still hold it, it's not a problem because everyone has their own perspective and target of every BTC they have.

Topic: Cash out or HODL - Bitcoin? - page 12. (Read 8058 times)