Topic: Cash out or HODL - Bitcoin? - page 8. (Read 8128 times)
By now your profite should be huge already I will definitely advice you to cash out and wait till when it dip again and you can still enter and make good profit nobody is sure about the direction bitcoin is going currently so just cash out and wait.
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?
At the time you made this post btc price was not up to 25k if you had already cashout well depending on when you get in and what your target is, it would be a mistake to do so especially now that btc seem not to be taking a break at all, right now the price is $27.7k which is way above the price in 22nd December, in my opinion I would say ride it to the very top but be vigilant of the market movement.
It seems to me that holding should be a work of intellect. Because the price is constantly rising. I am hopeful that it will be profitable to hold on to it. But one thing to keep in mind is that the future is always uncertain.
I do not think that hodling alone will be good for everyone, I do believe in balance so I am currently dividing my bitcoin into half, the first half being hodl and the other half being cashed out whenever the time comes to cash out. As you have said, the price constantly rise which means that we should take the opportunity to get a piece of that ATH pie.I beg to disagree, it will be good for everyone if you only trade as part of your time. Not making it full time. Having a job aside from trading is the basics in books I've read, and I really agree to it, as I believe that trading is a from of gambling in a way.
But if you are doing it for full time to support yourself, then maybe you're right.
if we ask more precise question? sell now or sell at 2021 end (which is HOLD for now) I would say HOLD! chances are that next year end price to be higher than 2020 end price over 95%. It's like betting on Bayern-Mainz on soccer today. if you desperately need money than exchange today only if you absolutely need to. Otherwise just way one more year or more (if next year price is not enough for you). Only your situation in life matters. Read, use your brain and listen to your heart!
I don't understand why many people hope that bitcoin can reach the price of ATH, after that they don't even know what to do because greed still looms over them. Why don't they determine their "take profit" if they still hold bitcoin up to the current level?
It seems to me that holding should be a work of intellect. Because the price is constantly rising. I am hopeful that it will be profitable to hold on to it. But one thing to keep in mind is that the future is always uncertain.
I do not think that hodling alone will be good for everyone, I do believe in balance so I am currently dividing my bitcoin into half, the first half being hodl and the other half being cashed out whenever the time comes to cash out. As you have said, the price constantly rise which means that we should take the opportunity to get a piece of that ATH pie. It seems to me that holding should be a work of intellect. Because the price is constantly rising. I am hopeful that it will be profitable to hold on to it. But one thing to keep in mind is that the future is always uncertain.
Indeed, the fact that most successful billionaires believed in holding certain financial instrument provides higher yields than trading it for a short term timeframe. Though, future is uncertain; however, bitcoin price based on historical data - favors long term holders.
With the Bitcoin price exceeding the $ 24,000 price tag then I definitely prefer HODL my Bitcoin. Because I believe the current increase
in the price of Bitcoin is only the beginning, Bitcoin will continue to rise until the end of 2021. And based on the analysis I did, it is likely
that Bitcoin will hit a price of $ 50,000 by the end of 2021. So my advice is to buy Bitcoin again every time there is a price correction,
that way the amount of Bitcoin we have can continue to grow.
in the price of Bitcoin is only the beginning, Bitcoin will continue to rise until the end of 2021. And based on the analysis I did, it is likely
that Bitcoin will hit a price of $ 50,000 by the end of 2021. So my advice is to buy Bitcoin again every time there is a price correction,
that way the amount of Bitcoin we have can continue to grow.
If you do believe that in the next following year bitcoin will reached that high, buying more and more is very applicable. You'll earned a lot
if your assessment went well, we can't assure what bitcoin brings in the near future but for now it's best to continue enhancing your knowledge,
you'll be able to position yourself in the right direction if you understand how things works inside this industry.
Of course Hodl. Or you can cash out half of it.
With the Bitcoin price exceeding the $ 24,000 price tag then I definitely prefer HODL my Bitcoin. Because I believe the current increase
in the price of Bitcoin is only the beginning, Bitcoin will continue to rise until the end of 2021. And based on the analysis I did, it is likely
that Bitcoin will hit a price of $ 50,000 by the end of 2021. So my advice is to buy Bitcoin again every time there is a price correction,
that way the amount of Bitcoin we have can continue to grow.
in the price of Bitcoin is only the beginning, Bitcoin will continue to rise until the end of 2021. And based on the analysis I did, it is likely
that Bitcoin will hit a price of $ 50,000 by the end of 2021. So my advice is to buy Bitcoin again every time there is a price correction,
that way the amount of Bitcoin we have can continue to grow.
It seems that Bitcoin is going for another wave, no doubt to reach close to 24K yet again. I think this trend could be taken advantage off. You could sell and then re-enter at a lower price if that's what you wanted, or hold for much longer term.
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The proper question is what % of my bitcoin should I cash out?
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The proper question is what % of my bitcoin should I cash out?
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And another proper question is when?
I read a good advice about two years ago in the discussion of "When to cash out during a bull run?": If the price is good enough for you, cash out 5%, and then cash out another 5% when the price is 10%+ higher, and so on.
Stopping when 50% is left is a good idea, I totally agree with you on that.
Well, I would say hold Bitcoin. Now its price is 23k and it'll get much higher. So I'd choose to buy and hold Bitcoin until it reaches the peak
Hodl bitcoin. This is a promising coin that even SEC has stated that bitcoin is fully utilized and it's not the same as shit scam coin called XRP. Any bitcoin holders should hodl their bitcoin. more institutional investors are coming and there's no reason to sell our coins to the institutional investors or even whales.
The whales and institutional investors are accumulating more and more bitcoin.
It relies upon the amount you're Holding, it additionally relies upon your monetary capacity to keep up bills and conceal on the off chance that your sole dependability is Bitcoin. You can sell when the bull run is going on. In the event that you have different methods for taking care of your tabs, you can hold no one knows whether the siphon would wait or dump will stick around. As I would like to think, I'd even now hold for a couple of months.
for what its worth there are numbers behind the % of hodl s cashing out vs institutions buying in
https://blockcast.cc/news/what-you-should-know-about-bitcoins-growing-1000-club/
tl'dr: more hodl s are cashing out now and more institutions are buying in
https://blockcast.cc/news/what-you-should-know-about-bitcoins-growing-1000-club/
tl'dr: more hodl s are cashing out now and more institutions are buying in
Before making a decision whether you will cash out or not, check first how much you trust the Bitcoin market. Do you believe that Bitcoin will really reach 100k in the future? If so then is better to hodl. But if you don't and think that the market will crash soon, then sell your BTC and never come back again.
Hodling BTC had been profitable at the current market scenario. As long as you don't need the money badly, it doesn't hurt if you keep it until it reaches your target selling price.
Hodling BTC had been profitable at the current market scenario. As long as you don't need the money badly, it doesn't hurt if you keep it until it reaches your target selling price.
Bitcoin will definitely reach 100k at some point in the future. But the most important question is how long it is going to take. I don't know whether the investors will be happy with holding their coins for another 4-5 years. And corrections can always happen during this period, and as we have seen from 2015 and 2018, the prices can decline by as much as 85%. Some of the investors may be looking at the possibility of selling their coins now, to purchase when the prices go down.
Before making a decision whether you will cash out or not, check first how much you trust the Bitcoin market. Do you believe that Bitcoin will really reach 100k in the future? If so then is better to hodl. But if you don't and think that the market will crash soon, then sell your BTC and never come back again.
Hodling BTC had been profitable at the current market scenario. As long as you don't need the money badly, it doesn't hurt if you keep it until it reaches your target selling price.
Hodling BTC had been profitable at the current market scenario. As long as you don't need the money badly, it doesn't hurt if you keep it until it reaches your target selling price.
Well, I would say hold Bitcoin. Now its price is 23k and it'll get much higher. So I'd choose to buy and hold Bitcoin until it reaches the peak
This is a really tricky question. To me as the market is unstable I have cashout and will take a re-entrywhen the market will show a good signs like Good positive chart or some good news in mainstream market etc. Definitely looking for the charts to take entry into the market for short term trades but for the long term I think this is not the right time atlest below 24k.
I like your idea, normally very possible bitcoin could increase beyond $24000 but this is not yet the right time to hold, I have resorted to trading instead, I prefer margin trading because it is the best for now. I noticed the market do have sharp drop and great increase recently, that is just the benefit many good traders will turn into profit. I too will definitely prefer to just trade at this time instead of holding. HOLD
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