Cash out or HODL - Bitcoin? - page 5.

dansus021

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Quote from: rokon1234 on January 09, 2021, 07:58:03 PM

Now very risky time for bitcoin holders.Because, any time bitcoin price can down.But, many traders are belive bitcoin price will hit 50k+ and they are hold their bitcoin.My opnion is it's time to sell bitcoin or cashout bitcoin.

if i were you i will cashout while holding im say like this bitcoin doesn't give sign of bearish or price correction so you can cashout the profit from trade but not all of them make spare to do trade again

rokon1234

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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?

Now very risky time for bitcoin holders.Because, any time bitcoin price can down.But, many traders are belive bitcoin price will hit 50k+ and they are hold their bitcoin.My opnion is it's time to sell bitcoin or cashout bitcoin.

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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?

At this cross road its always hard to make a decision cause you might cash out and it's keeps pumping and it can also be the other way round, the choice is up to the holder if the money is not needed urgently then holding is a better option, but if the money is needed then selling it get profit is the only option.

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

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?

Bitcoin keeps making new ATH's, it's hard to tell when it's going to get to that point where it will start dumping, if anyone sold at $20k they would probably be regretting it by now, cause bitcoin has done x2 since then, so it's better to keep holding and follow the market closely cause the dump might start anytime.

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Quote from: Banulit on January 09, 2021, 11:17:20 AM

If you are really looking for a very good profit and good earning, its better to hodl long term but if you just wanted to gain profit day by day and just into easy income then you can cashout every profit that you will have.

Holding is a great way to invest on bitcoin for a really good profit for your future and as how things are currently going, you'll secure your funds for your future and maybe for your next generation.
But you're just looking to profit in short term then a day by day trading is the best shot for you but just be sure to study and analyze how the market moves to gain better profits.
I don't really think that cashing out everytime you earn some income is the best option if you really want to earn more as it's better to just compound your earnings and only cash out when you need the money. Compounding your income is better than cashing out if you're not in need of money yet.

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Quote from: samputin on January 09, 2021, 09:31:20 AM

Quote from: piececollector on January 07, 2021, 08:06:48 PM

BOTH!!! But more holding. 90/10 take 10 or 5 percent for doing a good job of managing buy more and hold.

Same here. Especially with the current price, it's a good idea to hold as much as we can. But personally, I sell a little portion so that in case there would be a sudden dump, at least I already have myself a profit and I wouldn't have any regrets on why I didn't sell. Grin

Looks like it might hit 80 thousand so yeah sell a little portion if you living on Bitcoin fasho if you not actually surving totally on Bitcoin then try to hold as long as you can but set a sell price like if it goes down to 40k again just a lil bit.

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always hold Wink

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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?

as we see now bitcoin continues to soar up its price, it is not easy to predict or know whether bitcoin will skyrocket even higher or will come back to lower its price, in my opinion it is better if we currently hold some bitcoins maybe we can sell it for a certain price. The current price, let's say we can sell a few percent of what we have, so we can keep some of the rest for a longer time, and of course very lucky someone is still holding their bitcoins today.

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If you are really looking for a very good profit and good earning, its better to hodl long term but if you just wanted to gain profit day by day and just into easy income then you can cashout every profit that you will have.

samputin

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Quote from: piececollector on January 07, 2021, 08:06:48 PM

BOTH!!! But more holding. 90/10 take 10 or 5 percent for doing a good job of managing buy more and hold.

Same here. Especially with the current price, it's a good idea to hold as much as we can. But personally, I sell a little portion so that in case there would be a sudden dump, at least I already have myself a profit and I wouldn't have any regrets on why I didn't sell. Grin

Argoo

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Quote from: Yamifoud on December 21, 2020, 05:14:14 PM

Just want to be honest here...
I've once missed last 2017, I was been by the word HODL as many people say. But this time, this is the right time to sell. Maybe it was a silly thing not to believe that the Bitcoin price will even grow more. Yeah, I was thinking about my bad experience in the past where I suppose to doubled my investment profit but unfortunately, I'd missed it. I don't want it to happen again, otherwise, I will wait for another 4 years to come, and another halving just to have these changes back.

On December 21, Bitcoin had a price of $ 22,000 - $ 23,000. Those who sold bitcoins at such a price probably already regret it. They had the opportunity to practically double their profits, given that the price of bitcoin is now over $ 40,000. As we can see, the current growth of bitcoin is not at all similar to the situation of its growth in 2017 - 2018. Now the situation for cryptocurrency is much better than it was three years ago. However, it is all the same, bitcoin should go to correct its course after some time. Most likely, it will not be as deep and long as in 2018.

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Quote from: wajik-tempe on January 07, 2021, 08:15:39 PM

For this moment bitcoin is back on the hype just like back in 2017 where many new people come join to cryptocurrency scene.
Stock markets are recovering right now and many people looking for new opportunity such as crypto investment.
So i think right now is the best time to hodl until the hype go down.

I watched my 80/20% BTC/ETH (The prices basically are doing exactly the same thing) went from $5000 down to $4800 from when I woke up until now being 9:00PM EST, I bought in BTC at 15k and 32k ETH at 1000$ so my profits are met I will admit I have a big FOMO and tend to check my phone every 15 min to see my portfolio. I was thinking sell my position if my portfolio hits $4500 (I have some stuff I want to buy, which was why I bought in in the first place so this money isnt essential even though it is my whole net worth Shocked

)

If you were a noob like me what would you sell at? I do plan on buying back in with a few grand if it goes down to BTC$20k , I know this is going to be an amazing year for BTC.

wajik-tempe

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For this moment bitcoin is back on the hype just like back in 2017 where many new people come join to cryptocurrency scene.
Stock markets are recovering right now and many people looking for new opportunity such as crypto investment.
So i think right now is the best time to hodl until the hype go down.

piececollector

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BOTH!!! But more holding. 90/10 take 10 or 5 percent for doing a good job of managing buy more and hold.

pixie85

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After we hit 40 thousand I still think it's the best idea to HODL. I did that at 6 thousand and when we hit 20 I was telling people to continue.

Now, if you need to celebrate go on spend some coins but nobody can predict where this FOMO stage will take us. In 2017 it took Bitcoin from below 10 thousand to 20. I hope you have a lot of free time and popcorn Wink

oktana

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It is dependent on you and not on others. When investing, it is advised that you have a goal. Maybe $20k or whatever it is. Once that goal is reached, then you pull out. Else greediness could take control. But then, if you're gonna hodl bitcoin for long term then I don't see the need to afraid.

Twentyonepaylots

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Cashing out might seem to be the most logical thing to do at this price point and millions will agree with me, Bitcoin's price is very high right now and people may have little to buy with what they have and this will be a good way to help them and incorporate more people in the cycle, but it does not seem best especially when you realize the transaction fees are to high at this moment. Unless you're willing to pay 50-100 dollars to cash out your earnings, you wouldn't want to withdraw it.

Quote from: hahay on January 07, 2021, 06:19:23 PM

If the history in terms of the chart really repeats itself then I think holding on now might be the right option, we don't know if the chart will form the same pattern by having some corrections to finally hit ATH and then dumping. I'm still wary of this, at least by always checking the market every day and even at all times because I still choose to hold. It doesn't matter if it's slow or too quick to sell, I just want to catch up on something that's at least close to its ATH.

This also makes sense, although this could get you by the neck once the coin starts dumping. It's a shame we wouldn't know at what pricepoint will the price correction happen and whatnot so we could time it before it happens.

hahay

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If the history in terms of the chart really repeats itself then I think holding on now might be the right option, we don't know if the chart will form the same pattern by having some corrections to finally hit ATH and then dumping. I'm still wary of this, at least by always checking the market every day and even at all times because I still choose to hold. It doesn't matter if it's slow or too quick to sell, I just want to catch up on something that's at least close to its ATH.

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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 What's your opinion?

We are always on this fence whenever bitcoin reaches an ATH, whether to cashout before a dump happens or to hold and see if its going to keep pumping, I think the holder is the one to make this choice whether he/she will continue holding or not, from what I know some people are long term holders and won't sell no matter how high the price goes, while short term holders who bought bitcoin before the pump started would dump immediately for profits.

Wipeout2097

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It’s not favorable for somebody who still considers of which is the finest thing to do. Professional holders, certainly holding for long run. If want to sell and cheerful with the gains that they've made, they would have to be offer at benefit. Indeed the holders would be upbeat to offer in the event that they required money. There is circumstance that we're all managing with, in the event that we require cash, holder or not as long as you're in picks up, you'd certainly planning to offer. That's all what things, as long as you do not offer at misfortune.

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Quote from: Jamesdila1 on January 06, 2021, 01:46:47 PM

My advice is never go full fiat or cash out! Don't you remember all the stories of people cashing out everything in previous years then regretting their decisions? Why don't you keep 10% at least in case this shit goes to the Mars?

That's a good idea but I think it will only work for the strong minded people. I find that nowadays people are too reactive, they see something going up, they buy, they see something starting to fall they sell out. There needs to be a balance, and I think only with hardship and expereince once can be shaped into taking the type of approach you're talking about.

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