Topic: Cash out or HODL - Bitcoin? - page 13. (Read 8128 times)

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

What if bitcoin price do not decrease? Nobody knows if it will decrease or not but the institutional investors makes the price hard to decrease. If you check bitcoin price very well now, you will see the support price I have once commented about, it is around $22750. If institutions still support bitcoin, then they will be the one to increase the marketcap that will reflect on the price as increase. Very possible bitcoin will still surpass $25000.

Sometimes you we're getting screwed by selling your bitcoin instead of waiting for the price to be increase more some of people have their eagerness to sell all their bitcoin not waiting for the price volume increase and then after they sold all their coins seeing coins suddenly goes up they going to buy instead of waiting this is why they making less profit or worst they going to lose money when price suddenly changes.

And here is my opinion regarding on my experience it is better to hodl why? When your not making some money in real world and just making money from trading all the profit you earn is im going to save for the future purposes because i do not know what will happens in the next 2-3 years if the price of bitcoin can still help me to fulfil my dreams i have so much and bitcoin give me so much else that is why im still hodling.

It depends on you and your analysis, one of the hardest part of being an investor or a trader is deciding when to cash-out or double down. There are times when an asset has outperformed or underperformed your expectations, whilst professionals have a strategy to handle these situations, your job is to evaluate your stop-loss or take-profit.

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.

I already sold some satoshi for $23k, and I still hold the other part because I believe that the price will not just stop at that price. We are now to see the price back to $23k, but I guess that will need time before it could reach that price. To sell bitcoin or to hold bitcoin will depend on each people because I believe they have their own strategy what they will do with their bitcoin. But I also believe that some people sell their bitcoin because they need money to buy their daily needs, and I am selling my bitcoin because of that reason. But we can sell bitcoin at a high price and not sell when the price is down, but if we have an urgent situation that needs money, we will sell it right away without waiting too long.

In my opinion, the rise in price of bitcoins is not accidental and logical.  Currently, the global financial system is undergoing a transformation. 

What does the creation of a CBDC mean?  This event is tantamount to the abolition of the gold standard.  The US dollar is losing its status as the world's reserve currency. 

In this situation, Bitcoin is too valuable an asset to be content with a profit of 30%, 40%, or even 100%.  This global crisis is unlike past shocks.  There is a transition from one form of money to another form of money. 

I expect Bitcoin's price to rise significantly during this time period.  We are at the very beginning of a bull market.

Then, I suggest go for the middle option. Cashout half, then HODL the rest, with this, you can be rest assured if you're afraid of the Christmas week with btc. You can also manipulate the percentages of how many to cash out and HODL, depending on your mindset with regards to the situation.

But for me, I would HODL, as bitcoin progress smoothly in the past months, and yes its unpredictable in this time of the year, but its a risk to take and I would take it

Tough call and depends from how you percept the future of this investment,.

If you have spare money and you treat this as your long term assets better learn from the past, bitcoin still have lots to go forward.
You'll just need to balance your understanding, most of the time short term traders collect their profits and wait for another good
position to enter the market and rinse again.

At this times, its hard to be that greedy. But if youre purpose at the very first was as a long term holder, you can definitely hold long and expect that bitcoin will do perform another new ATH for upcoming months.

But if you wanted to enjoy fruit of your profits then there is no space for greediness and cash out. Whatever all our advices here, at the end of the day it's you who will decide.

Cash out if you want to take profit now. But if you think bitcoin's price will increase more for the coming years and you don't need yet the money you invested on bitcoin then HODL.  Like me, besides bitcoin, I still earn an income from my salary so that is what I use on my spendings. Bitcoin for me is a long-term investment that I will just sell mine when I retire.

Those people who are currently holding bitcoins have now divided into two categories those who hold a high and small amount of BTC. Those who are holding a huge amount of BTC have not decided yet on what to do with their BTC obviously because if they did so, we can see the price decrease in the market at a high rate. Those people who have less BTC in their wallets don't really matter whether they sold it right now or not.

Bitcoin chart has been formed a double top on the lower time frame and seems like it will meet a correction first before its price up again.

Please avoid the panic selling, the bull run at this time will be different from the previous bull run when its price touched $20.000, yeah I believe it.

As you can see, there are so many investors who still their bitcoin in a large amount, even I read the news a few hours ago who stated a company buy 29.646 bitcoin, full information https://news.bitcoin.com/microstrategy-buys-29646-more-bitcoins-holds-over-1-billion-btc/ it means we still in the bull run market although we have to face a correction first.

In my opinion HODL Bitcoin should be done for now, because now Bitcoin is in a bullish trend. So we can get a bigger profit
if we choose HODLing Bitcoin that we have. Based on my analysis, the Bitcoin price will continue to rise until the end of 2021.
So the right decision if we HODL Bitcoin, even if I have extra money I will buy more Bitcoin. So that the amount of Bitcoin
I have can continue to increase and later at the end of 2021 I can sell it.

Cash out that market of bitcoin is good and do not be too much greedy. The bullish trend had made mostly of investors to earn. If I were had bitcoin holdings then I rather sell it and will not wait or anticipate the ATH which will be hard to determine due to tge fact that ATH could only recorded when it will be compare within a period of time that includes the downtrend of bitcoin market.

I've only ever been screwed with Bitcoin by selling such or getting miner products with such. I've been in Bitcoin/Crypto since 2013 and can say 'except' for my very first

2013 KNC BTC Jupiter 550gh ASIC Miner...and everything 'before' 2015...I could have just as well just kept Bitcoin/Crypto. In 2015 I had a 'set' amount of Bitcoin..that I used

to bo 'big' into large scale ASIC crypto mining of both BTC and Scrypt and other Altcoins. I probably made 3/4 of the hoard I had in Bitcoin that was 'set' in 2015 as a

result of flipping BTC into such 'heady heights' of Bitcoin/Crypto ASICs and their 'babysitting in 'other states' large data halls, etc. Then there was the 'big crash in

Bitcoin price at the end of 2017...I think it was, or 3/4 of it all went 'poof'. So as a result now, besides an amount (modest) I took out of Bitcoin (13 BTC of which I got 5

BTC back) due to 'retiring from my job' and having more time to hang out with my aged parents before they passed away, etc. I almost exactly (if you remove the 8

BTC above for retiring 3 years early) down to that Satoshi Dust 'almost' the exact amount of Bitcoin/Crypto I had in 2015, before going 'big' into ASIC miners, etc.

It was a hell of a lot of fun, had not had so much fun since my University days, all very bracing and thrilling, all that money and crypto too and fro..and all those

dozens and eventually more of ASIC machines as well. But in 20/20 hindsight, I coulda/shoulda just kept the 2015 hoard and left it alone and there would be no

the difference in the amount of BTC/Crypto I have now, again, after the massive crash from the ATH of $19k to I think the low was $3.2K in 2018 or so. Of, course

on such 'droppage' Bitmain and me and everybody 'got screwed' big time. So I should be thankful I came out 'even' and at least had a 'fun' experience.

Thus, I tell folk now to sell stuff in the attic you will otherwise die with on eBay and buy BTC dust. In case BTC/Crypto does its usual 5x/10x/16x increase in value.

Also, to HODL for 5-10 years. Actually, HODL for 10 years and only (like my case) take BTC/Crypto out for real-world issues like mine above or health or other

issues. So NO..you should HODL. Again, if it is money you can 'afford to lose' like eBay sales of JUNK as my above example. Even though it was necessary

to sell the 8 Bitcoin at $3,900 USD, it still 'stings' to this day. So if you HODL for 10 years or so, or even 5 years if you must at least have a 'reason' to sell.

If Gold is 10 Trillion dollars worldwide..and currently Bitcoin alone is around 1/2 Trillion dollars worldwide, then if Bitcoin alone gets to 1 Trillion that is around

$55,000.00 USD Bitcoin. So, as a speculative game, and money you can afford to lose (attic sales to eBay than to BTC) we may not even have gotten started

yet. Pick your battles, only buy BTC/Crypto with what you can afford to lose, and in this case, a bit of sale of junk now for BTC dust could pay off big time yet in 10 years.

Brad

I am not going to sell in 2021, but I think sooner or later there will be a correction. Although I think that bitcoin will continue to rise for a couple of weeks, at least, in which the US aid plan and the beginnings of the vaccine in the rest of the world will be announced

No one can give you the right decision, it is either you'll miss an opportunity if you sell or incur loss if you HODL. If you plan on holding your BTC for a few more years, you will not incur losses not unless you have sold at a bad price. It's a dilemma one has to choose once Bitcoin starts surging since no one can predict what might happen. We don't even know if the current ATH is the highest BTC can reach this bull season or if it's waiting for another spike or will start falling any time soon. Come up with a backup plan, don't be swayed by your emotion.

Hold or sell at this time is your own decision. You have to have a target. If the target you are aiming for is ATH this year, then it has been met, but if you want to reach a high price again you can choose Hodl. Many predict it will reach a price of $ 30k but before that there will definitely be a lot of hitches going on. It will also affect your psychology.

Ehh up to what your financial situation is. Honestly, anyone with money could choose just to hodl, at this point I along with many others haven't really reached the ceiling of what Bitcoin could actually achieve, so choosing to hodl or to cash out doesn't really matter in the overall view, so just do it depending on your circumstances. If you want money right now, cashout, if you don't really need any, then you can just hodl. Though right now you can just stick to watching the market so that if any big dumps would happen, you can join in and take advantage, either buying at the bottom or selling together to get max profits for that period.