Cash out or HODL - Bitcoin? - page 6.

Coinsfera

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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?

Everyone is optimistic about Bitcoin. I think that price will go up even further- Mooning. Bitcoin is a mainstream asset/currency right now. Everyone talks about it. It will not go down without strong reasons. Old hodlers will get lambos soon

Hodl! Hodl! Hodl!

7788bitcoin

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5-6 years back (i.e 2015-16), the exchange rate of Bitcoin was around $200 per coin. I am not quite sure what would be the target of the users who invested back then, but I guess for most of them it would be around $1000 in 2-3 years time. Also, only a few of the investors back then are still holding the majority of their coins. I have spoken to a few, and most of them have already cashed out.

I was fortunate enough to enter bitcoin and other major alts pretty early but i never had no idea that the price of bitcoin would touch the valuation we have right now this fast, i was expecting this valuation but not in 2020/ 2021 and hence looking at the rally i am surprised and i wonder what the valuation will be a few months from now and all the speculation about the price crossing hundred thousand looks a real possibility looking at the current rally.

Luthfiyaaa

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this is just a suggestion from me. cash it if you really need to cash it because the price of bitcoin is very high now, maybe if you cash it, you will get a lot of profit, but dont all of it, leave a little for reinvestment, maybe next week the price of bitcoin will go up even more. for me bitcoin is very suitable for long-term investment, had a chance to sell yesterday when the price was higher than now and I got quite a profit.

Zilberia

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I think that you can mark a point for yourself when you need to cash out but till that moment you can just keep on holding. Recently I decided to cash out a small part of my portfolio when BTC was at $35k but now I regret my decision so hard because BTC has reached a 37k just in a few hours after it Cry

If you trade you can set the lowest point for yourself and open some stop-loss orders and minimize the risk of losing funds. I'm pretty sure that BTC can easily reach a 40k mark by the end of this week so there is nothing wrong with holding your bitcoin until that moment at least.

Debonaire217

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Many of us are already confused about what decision we should make on the kind of market we have right now. The truth is, we are never wrong to decide to buy Bitcoin now or to sell it right now even if the price increases way up to higher. In terms of selling, we should always think that profit is already a profit and there should be no regret for selling our holdings. In terms of Buying, we should also not regret buying at these prices because we took the risk, it is up to the market whether to give us profit if it increases or when the market price crashes, there's always a chance to win back our investment through waiting. What is important to consider is that we trusted cryptocurrency especially Bitcoin. Our only enemy here is ourselves who keeps us Fomoed and FUD, based on the statements of other people.

MCobian

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With the price of Bitcoin going up significantly today, even the price of Bitcoin is now above $ 37,000. I prefer HODL the Bitcoin that I have,
because I believe Bitcoin can go up even higher. Please just call me greedy if you want I don't care what you say, I'm ready for the risks that
will occur. Based on the technical analysis that I have done, it also supports Bitcoin that it can still go higher, so I chose HODL the Bitcoin that
I have.

Momoamzad

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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?

Bitcoin is now going to moon after a long time and I think 2020 is not that much badluck for us . Last month bitcoin create a history itself. It increase its price so high. Hope this new year will be also lucky for BTC holder

vaultman

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Now we can say with great confidence that you need to wait and not sell bitcoins, since now more and more billionaires will invest their funds in cryptocurrencies. A couple of months ago, the domino effect began, which will only increase in scale. Already today, many institutional investors have changed their minds about cryptocurrencies and started investing their money in them, which led to a lot of hype around cryptocurrencies and an increase in the price of bitcoin.

tabas

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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?

Selling is okay but don't let yourself be fully empty when the times of bulls like this comes. Sell but still save something for yourself because you'll never know how much bitcoin will be remaining in the future. Set a target that you'll sell a lot but still keep any amount or at least 1 bitcoin for the sake of the future. 10% is good but it's better if you can keep more than that percentage.

Renampun

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The price of Bitcoin is already very high, it cannot be denied that there must be many investors and HOLDERS who have 'cashed out'...
for me, it is not a big problem to 'cash out' at this time because of course there are many who have made a profit, but for those who have 'cash out' they must be prepared to buy Bitcoin again when the price drops.

Jamesdila1

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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?

aarif123

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Everyone has its own opinion there are so many people who bought bitcoin 5-6 years back their target was around $22k-$25k per bitcoin they are all selling now and other side many people still holding their target is around $50k -$60k

bryant.coleman

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Quote from: sayaya17 on January 02, 2021, 06:29:49 PM

When you created this thread a few days ago, the price of bitcoin was still at $22xxx and increased to $23000 to date already $32K.
If you still hold it, you get a lot of profit. So no one can know for sure if bitcoin is going to go up this fast. We can’t even guess if bitcoin
could have dropped again to $22k. But if that happens, just be prepared to buyback. If you look at the current price, I’m sure bitcoin
will be a better value. But of course there will be corrections.

The Bitcoin prices are not going to go up forever. At some point the rally will be snapped and an extended phase of correction may start. Now this phase may come after Bitcoin reach an exchange rate of $40K, or even $100K. No one can predict with certainity. The best investors are not those who hold their assets for infinite period of time. Rather, the best ones know when to book their profits at the right time.

shawonngp

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If you want to work with cryptocurrency, you should not be so confused. If you have any exchange experience, I recommend you buy and sell. You can increase the amount of BTC you have. Although the price of Bitcoin is rising again, so I think increase the amount of BTC by buying and selling a little distance. Even 2 months ago, no one imagined that the price of BTC would increase so much. There is no guarantee that it will not increase in the future. So I think increase the amount of BTC by buying and selling.

sayaya17

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When you created this thread a few days ago, the price of bitcoin was still at $22xxx and increased to $23000 to date already $32K.
If you still hold it, you get a lot of profit. So no one can know for sure if bitcoin is going to go up this fast. We can’t even guess if bitcoin
could have dropped again to $22k. But if that happens, just be prepared to buyback. If you look at the current price, I’m sure bitcoin
will be a better value. But of course there will be corrections.

verita1

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Totally true! There is no way of knowing when to withdraw the profits or hodl any longer. I think it should depend on the circumstances of each one.

Barry Silbert in a tweet 4 hours ago.👇

Quote

I'm old enough to remember when you could buy an entire bitcoin for $ 19,000
https://twitter.com/BarrySilbert/status/1345385908141510658?s=19

The message is clear hodl Bitcoin. The bullruns are just beginning and it also has the peculiarity that is different because it is happening at an important moment for humanity.
IMO hodl is the best I bet on hodl.

Ultegra134

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Quote from: TedMosby on January 02, 2021, 01:17:47 PM

in the last 3 months, I've sold my bitcoin at $11.7K and $15.2K.
I know I had a bad decision on that.
however, I feel less stressed because I've secured my profits.
reflecting on what I did in the past, hodling is not a good choice for me, I have weak hands and I could need money at any time.
I still have a small portion of bitcoin right now, it's enough to make me happy when seeing the price go up.

I would love to know how do you guys consider to sell your bitcoin after hodling. what's your indicator to determine the selling time? do you set a specific target price? or you just hold because of the hype and everybody hodl too?

I'm "glad" that I'm not the only one. Don't know if that makes you feel any better but I also sold 1/2 of my Bitcoin the last few days, only to see it cross a new all time high the very next day. We're not talking about an extremely large amount, was around $900, but I could profit for at least $100-150 which isn't bad at all.

Swordsoffreedom

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The market is extremely bullish in the weekly chart, If you are smart and want to be worry-free then hodl your bitcoin instead of doing trading. If you want to open a new entry into Bitcoin, now is not the right time to buy, you should definitely wait for a correction. Buying at the top definitely is a foolish idea.

Coinsfera

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

What's your opinion?

For me, you should not leave the board so early. If you've held for long, you can still hold your Bitcoin for greater benefit. Considering this bullish trend, it will continue longer than we expected.

TedMosby

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https://bitcointalk.org/index.php?topic=5274318.0

in the last 3 months, I've sold my bitcoin at $11.7K and $15.2K.
I know I had a bad decision on that.
however, I feel less stressed because I've secured my profits.
reflecting on what I did in the past, hodling is not a good choice for me, I have weak hands and I could need money at any time.
I still have a small portion of bitcoin right now, it's enough to make me happy when seeing the price go up.

I would love to know how do you guys consider to sell your bitcoin after hodling. what's your indicator to determine the selling time? do you set a specific target price? or you just hold because of the hype and everybody hodl too?

Topic: Cash out or HODL - Bitcoin? - page 6. (Read 8058 times)