Topic: Cash out or HODL - Bitcoin? - page 3. (Read 8128 times)
Cash out or HOLD. Any decision is yours, no one can stop you. If you must cash out because it's urgent and needs money, so do it. But if nothing important so HOLD is the best act. Holders will happy at the end, opposite with people who cash out so fast
Hahahaha. I am also not lucky in trading. One has only to say that I withdrawn most of my savings at a price below 20K, since I did not believe in breaking through ATH so quickly.
But now I have a different business, so I don't touch my current savings at all. Let them lie for a few years.
That's awesome buddy. Myself too have the same plan, but I fail in execution due to unexpected needs. Most of the small scale trading person doesn't get good out of it. Recently when the price ETH was abo $1080 one of my friend sold it. Later the price grew high to $1130, he made some prediction and bought it back at $1130. Now he has booked a higher profit. We also need to learn something to make closer price predictions to be successful in trading.But now I have a different business, so I don't touch my current savings at all. Let them lie for a few years.
Your friend was very lucky. It would be interesting to know what amount he was operating on (in the sense of how important it was for him). Because if you "play" with some amount of money that is not important to you, then you easily make trades, entries and exits and you can easily make good profits, but if you use serious money then it is psychologically difficult not only to trade, but even to stay in open position.
You might cash out if you want urgent needs but holders always gain more. When I say holder, I don't mean months but years. blockchain is still at the infant stage, adoption is still very low and has a promising future.
I was selling my bitcoins at the beginning of this cycle starting at 25K... And regretted it! Some of it I had to buy back at a higher price... But I'm still hoping that the price will go down to 20K and I can buy the rest! You are correct in saying that HOLD is the best strategy!
You were able to sell at the very top and then buy at the very bottom, you are either very lucky or embellish your successes 
But one way or another, the fact remains - rollbacks are inevitable and if you guess them correctly, you can double your deposit (if you use margin trading), but there remains the risk of losing everything.
But one way or another, the fact remains - rollbacks are inevitable and if you guess them correctly, you can double your deposit (if you use margin trading), but there remains the risk of losing everything.
That is where the thrill of trading is. The risk of either winning or losing. This is where the true happiness of succeeding resides. I'm kind of experienced loser, so regret is no far from home.
Hahahaha. I am also not lucky in trading. One has only to say that I withdrawn most of my savings at a price below 20K, since I did not believe in breaking through ATH so quickly.
But now I have a different business, so I don't touch my current savings at all. Let them lie for a few years.
You might cash out if you want urgent needs but holders always gain more. When I say holder, I don't mean months but years. blockchain is still at the infant stage, adoption is still very low and has a promising future.
You were able to sell at the very top and then buy at the very bottom, you are either very lucky or embellish your successes
But one way or another, the fact remains - rollbacks are inevitable and if you guess them correctly, you can double your deposit (if you use margin trading), but there remains the risk of losing everything.
But one way or another, the fact remains - rollbacks are inevitable and if you guess them correctly, you can double your deposit (if you use margin trading), but there remains the risk of losing everything.
That is where the thrill of trading is. The risk of either winning or losing. This is where the true happiness of succeeding resides. I'm kind of experienced loser, so regret is no far from home.
Hahahaha. I am also not lucky in trading. One has only to say that I withdrawn most of my savings at a price below 20K, since I did not believe in breaking through ATH so quickly.
But now I have a different business, so I don't touch my current savings at all. Let them lie for a few years.
Well, HODL'ing through 2020 has been the way to go. I have been in since 2013 and mined to HODL most of it anyway.
As an example, when I google March 2020 Bitcoin Low you can get the following. This corresponded if I remember correctly
with the 'realization' of BTC/Crypto and the Stock Market that the Covid-19 Pandemic was the 'real deal. Thus the dump, if
briefly, of Bitcoin Price on the date below.
March 13th, 2020
Bitcoin was that day: $4,916.78 USD.
February 6th, 2021 (Today) (see post for actual time)
Bitcoin is now: $38,586.41 USD
That was approximately 11 months and 6 days in the past.
Not a 'bad' return huh?
On the other hand, Bitcoin, being a 'merciless bitch' could dump 50% out of spite at any time!
But then again, if you were in HODL mode from March 13th, 2020 till now, you'd still be 'golden'
Can you 'imagine' the 'angst' of selling your whole hoard/HODL in a 'panic sell' on March 13th, 2020!
and looking at the reality that is today? Ack! Gasp Ack! The Horror!
Brad
BTC bullish run is slow but steady, and as of the moment it is steadily increasing, So hodling after that sell in 40k, and buying at 30k might be my best decision sofar. I might consider waiting for it to go up to 50k and see where will this run get me into. As long as the pandemic is there, I think that BTC will not get lower than 30k, so no lose even if It didn't reach 50k.
You were able to sell at the very top and then buy at the very bottom, you are either very lucky or embellish your successes
But one way or another, the fact remains - rollbacks are inevitable and if you guess them correctly, you can double your deposit (if you use margin trading), but there remains the risk of losing everything.
That is where the thrill of trading is. The risk of either winning or losing. This is where the true happiness of succeeding resides. I'm kind of experienced loser, so regret is no far from home.
BTC bullish run is slow but steady, and as of the moment it is steadily increasing, So hodling after that sell in 40k, and buying at 30k might be my best decision sofar. I might consider waiting for it to go up to 50k and see where will this run get me into. As long as the pandemic is there, I think that BTC will not get lower than 30k, so no lose even if It didn't reach 50k.
You were able to sell at the very top and then buy at the very bottom, you are either very lucky or embellish your successes
But one way or another, the fact remains - rollbacks are inevitable and if you guess them correctly, you can double your deposit (if you use margin trading), but there remains the risk of losing everything.
hodl bitcoin is of course the right choice for investment in this pandemic, it has been obvious that the increase in cryptocurrencies in this pandemic has performed well when compared to other assets such as stocks and gold, I feel that the current generation chooses crypto currencies far more than choosing gold and stocks, it is evident that the crypto market cap has increased by almost 2x.
BTC bullish run is slow but steady, and as of the moment it is steadily increasing, So hodling after that sell in 40k, and buying at 30k might be my best decision sofar. I might consider waiting for it to go up to 50k and see where will this run get me into. As long as the pandemic is there, I think that BTC will not get lower than 30k, so no lose even if It didn't reach 50k.
bullish this year Bitcoin has indeed experienced a very impressive rally, Bitcoin has risen 100% more than their ATH $ 20200, of course this increase is not just a single pump, Bitcoin has pumped 5% to 10% and is experiencing a correction,
that's the way bitcoin is going, and it's very different from 2017, I believe this year is the beginning of cryptocurrencies to be able to always give positive things.
HOLD HOLD and HOLD!!!
BTC bullish run is slow but steady, and as of the moment it is steadily increasing, So hodling after that sell in 40k, and buying at 30k might be my best decision sofar. I might consider waiting for it to go up to 50k and see where will this run get me into. As long as the pandemic is there, I think that BTC will not get lower than 30k, so no lose even if It didn't reach 50k.
You are lucky to have that patience and now you are just going to keep that in the way that it will bring profits with your investment, it's tough but if you do so, the benefits is really enjoyable.Those who manage to keep and hold thier assets are now gaining a lot, seems that your statement might be true as long as the pandemic still present there are many investors that will come around and start placing their money inside the market, the more the better surely it will push the value to much higher price.
I really think it depends on the person whichever they feel safe or maybe if they feel they are contented with the profit they gain from bitcoin from the amount the bought it. But there are also some long term hodlers, like I know some who have been holding his coins for like about 6 years or so and still haven’t made a single withdrawal from how much they bought them 6 years ago. So it is just a matter of discipline and your ways of how you can earn more from the amount of bitcoin when you bought it.
BTC bullish run is slow but steady, and as of the moment it is steadily increasing, So hodling after that sell in 40k, and buying at 30k might be my best decision sofar. I might consider waiting for it to go up to 50k and see where will this run get me into. As long as the pandemic is there, I think that BTC will not get lower than 30k, so no lose even if It didn't reach 50k.
Well, I guess this is really the time to set the limit. When bitcoin hits $35k, I sold my btc because the profit I earned in the past year will be tripled. That is enough actually too much blessing for this year. My plan is to keep it and buy more when the price goes down. It is also to prevent myself from panic. Whatever happens , I know that I already gain from my investment.
for now it's better to hold Bitcoin, because the $ 33k support can still survive,
I hope a lot for Bitcoin not to drop from the $ 30k level, because if it goes down then Bitcoin has the potential to downtrend to $ 10k again,
of course this is terrible, that 2017 will happen again. for now doesnt sell your Bitcoin, keep hold until price breakdown under $30k and you maybe cash out.
Bitcoin isn't going to repeat the crash of 2017, the price is falling quickly but resistance is still very strong. The possibility of going below $30k is very low, I am confident it will return to $40k. Everyone stay calm and don't sell off.I hope a lot for Bitcoin not to drop from the $ 30k level, because if it goes down then Bitcoin has the potential to downtrend to $ 10k again,
of course this is terrible, that 2017 will happen again. for now doesnt sell your Bitcoin, keep hold until price breakdown under $30k and you maybe cash out.
You’re right, there’s no need to panic this time. We already have experienced in this, moreover we see that bitcoin is getting
stronger with many institutions holding it. It’s not that bitcoin will not go down very deep, it’s likely to happen. It’s just too
early if bitcoin drops past $30k for a bullrun this time.
for now it's better to hold Bitcoin, because the $ 33k support can still survive,
I hope a lot for Bitcoin not to drop from the $ 30k level, because if it goes down then Bitcoin has the potential to downtrend to $ 10k again,
of course this is terrible, that 2017 will happen again. for now doesnt sell your Bitcoin, keep hold until price breakdown under $30k and you maybe cash out.
Bitcoin isn't going to repeat the crash of 2017, the price is falling quickly but resistance is still very strong. The possibility of going below $30k is very low, I am confident it will return to $40k. Everyone stay calm and don't sell off. I hope a lot for Bitcoin not to drop from the $ 30k level, because if it goes down then Bitcoin has the potential to downtrend to $ 10k again,
of course this is terrible, that 2017 will happen again. for now doesnt sell your Bitcoin, keep hold until price breakdown under $30k and you maybe cash out.
Holding is my number one choice. Bitcoin is going crazy in the past few day. This is a proof for a big upcoming bull run which can change the context of our modern world. People expect bitcoin and other cryptocurrencies to become a part of our world and change the current financial system. It means, if right now I am not capable of having a small piece of bitcoin, i will never ever have a chance to have a penny of bitcoin in the next generations. Keep holding your bitcoin. Not just for the profit but also for the future purposes
In order to overcome my greediness, I set the target as well as the profit at a certain level, ofcourse at a rational price level. as long as it hasn't hit that price level, I will still hold it and it's not a big problem for me
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