Topic: Cash out or HODL - Bitcoin? - page 7. (Read 8058 times)
So it's really up to you, weigh in the situation right now, and make sure to make the right decision.
My summation is that any hodler who has the opportunity of buying bitcoin during the first wave of the pandemic when the price dumped to $3900+ would have earned a massive profits now that price is above $29K+ its better to sell part of their portfolio and take profit while leaving the rest.
its quite hard to predict the price of Bitcoin it even defies technical analysis in most times 'what goes up will surely come down' it obvious that a correction is imminent however it is uncertain when the price will dump.
its quite hard to predict the price of Bitcoin it even defies technical analysis in most times 'what goes up will surely come down' it obvious that a correction is imminent however it is uncertain when the price will dump.
This shouldn't be a "confusion". Ask yourself some questions. Have you reached your profit goal? Then cash out. There is no need to keep on holding since you have already reached your goal. Greed for more profit, then you might end up with nothing. Haven't reached your profit goal? Keep holding, forget about cashing out or else you will deviate yourself from your goal. Want to stay on the safe side? Cash out your profits only and just keep your initial capital as investment.
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?
Predicting the outcome can't be remove from the equation since it may have a chance for a better outcome though there were times that those predictions came out worse but still can be reliable at times. You need to associate the prediction with the current facts and situation so you can have a higher chance that prediction would end up as a success.
I bought bitcoin at a price much cheaper than the current price and so far I haven't sold bitcoin. the price of bitcoin now makes me surprised because it has been a long time since I monitored the price of bitcoin, I plan to sell bitcoin now I have made a profit many times over.
I don't see any reason to sell bitcoin if you don't need too much.
I bought my bitcoin at a much lower price and decided that no matter how much the price of bitcoin goes up, I will not sell it.
I believe that in near future the price of Bitcoin will surpass our imagination, then there will be no other way but to regret. Just Hodl your Bitcoin as long as possible.
That's a good principle. But I chose to sell when the price got too high and buy back when I thought it was the right time to buy. I am a person who can't wait to hold assets too long. I bought my bitcoin at a much lower price and decided that no matter how much the price of bitcoin goes up, I will not sell it.
I believe that in near future the price of Bitcoin will surpass our imagination, then there will be no other way but to regret. Just Hodl your Bitcoin as long as possible.
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I don't see any reason to sell bitcoin if you don't need too much.
I bought my bitcoin at a much lower price and decided that no matter how much the price of bitcoin goes up, I will not sell it.
I believe that in near future the price of Bitcoin will surpass our imagination, then there will be no other way but to regret. Just Hodl your Bitcoin as long as possible.
I bought my bitcoin at a much lower price and decided that no matter how much the price of bitcoin goes up, I will not sell it.
I believe that in near future the price of Bitcoin will surpass our imagination, then there will be no other way but to regret. Just Hodl your Bitcoin as long as possible.
It depends on what you aim to. If you came into BTC and bought it for 6500 and now it's 25k you've already got almost 4x profit. If this amount is enough for you and you don't wanna risk then you are completely able to cash out your funds. What about me I'm a crypto enthusiast and I would prefer staying keep HODLing till BTC reach the moon 
If you are already at 300% profit, then why can't you recover the capital amount by selling 1/4th of your coins? You can keep the remaining 3/4th of the holdings for the long term (may be for 3-4 years) and hope that the prices would reach somewhere in the vicinity of $100,000 or even higher. Since you have already got your capital back, there is no risk in holding these coins for the long term.
There is no definite opinion on this matter. It is necessary to do thorough research. Even with this, nothing is certain. Our recommendation is to follow the market and all comments on the analysis during this time. You have to devote a lot of time to this. And you should know that no technical indicator or analysis should be followed in itself. You should make your own choice by researching and considering all other factors.
isn't this the entire game is about
to cash out or HODL
if we look at patterns, in December 2019 Bitcoin reached it's ATH only to be tanked a few weeks later. I believe this will the case in 2020 as well. its price will fall
the important factor is the "Buy-in"
if I had bought bitcoin at $15k-$20k i would have definitely cashed out. For long term HODLers, ATH will not effect them and they will keep HODLing.
It depends on the person.
to cash out or HODL
if we look at patterns, in December 2019 Bitcoin reached it's ATH only to be tanked a few weeks later. I believe this will the case in 2020 as well. its price will fall
the important factor is the "Buy-in"
if I had bought bitcoin at $15k-$20k i would have definitely cashed out. For long term HODLers, ATH will not effect them and they will keep HODLing.
It depends on the person.
It depends on what you aim to. If you came into BTC and bought it for 6500 and now it's 25k you've already got almost 4x profit. If this amount is enough for you and you don't wanna risk then you are completely able to cash out your funds. What about me I'm a crypto enthusiast and I would prefer staying keep HODLing till BTC reach the moon
You will find the answer in your own because people have different mindset of possible to do with your bitcoin people for sure selling their bitcoin and the others are holding more months or they wait until their target price will hit and that is the time they sell their bitcoin. Holding is good if the bitcoin price is going up but if the price dump you lose some of the profit that you possible to get when you sell your bitcoin earlier but for me Im holding my bitcoin.
I recently sold bitcoin for the price of around $24000, but in two days time the price of bitcoin has come around $28000. Cashing out/holding of Bitcoin is upon one's personal interest. Users keeping hold of bitcoin should have the mind to accept anything. One should not tend to make an investment by now, because risk is high at this moment.
It's Always better to Hodl (Not for all crypto), but if you need money for some reasons you can cash out
I agree, that unless you must you should try to stay in the market and not cash out. Like the saying 'never cash out n a bull market', I have found this to be painfully true. It is best to be aware of this saying as it might help you out in the future. However, if you feel like you don't want to take the risk any more you could take a comfortable chunk out but still maintain a 'small foot' in the market. 
It's Always better to Hodl (Not for all crypto), but if you need money for some reasons you can cash out
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?
In this kind of cases predictions will not matter most, what matter most is whether you believe in bitcoin or not because you cannot hold to where it is headed if you have doubt about the bitcoins capability.
Even if bitcoin has reach it's new ATH, it doesn't mean that it will stop there because if you are going to check the market we are not yet in the peak yet meaning there is still a big chance that bitcoin price will create a new ATH again and again until we will hit the peak of the market.
It could be that the 2017/18 scenario will repeat itself.
We also had a very sharp price increase 3 years ago.
From a purely technical point of view. I realize that we had different funtamental dates today than we did then.
Still, some investors will take profits in the short term. This will lead to a course correction. After that, the BTC can begin to start a new ATH. This is why it may be wise to secure half of your BTC
We also had a very sharp price increase 3 years ago.
From a purely technical point of view. I realize that we had different funtamental dates today than we did then.
Still, some investors will take profits in the short term. This will lead to a course correction. After that, the BTC can begin to start a new ATH. This is why it may be wise to secure half of your BTC
There should be a strategy for selling, laddering out a percentage the way you will also in the bear market. Its a way to teach oneself how to manage greed. Some thought we had the ATH 2 hrs apart and the loss the $2k margin, same will happen when it will dump within 2 hrs. You can sell all your bitcoin but a good percentage on every price and wait for correction to pick more up.
I am still expecting for Bitcoins next ATH as the days goes by, so I guess its better to hodl. But in some instances, each of us have our own reasons whether to cash it out or hold on a bit till the next ATH. Its still great to sell all your holdings now while the price is still up. If you badly needs the money, you can cash it out and it would absolutely help you a lot. However, if you still want to earn more huge profits, then just hold on and wait. I strongly believe that Bitcoins movement will continue to go up and amazed us.
I am selling till i got my intial stake out, the rest is bonus and i will hodl it. Came in late 2017 and don´t dont want to miss to take profits again.
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