Topic: Cash out or HODL - Bitcoin? - page 9. (Read 8058 times)
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.
Cashing out is up to you. What I would recommend as I am doing since this summer when the price was $10,000 it is to hold at least your profits. Many joined in the summer and made bets to buy at $10,000, today they doubled up. Why you have to cash out everything? Just take out the initial investment and keep the profit in Bitcoin forever, or trade with it, whatever you want.
I don't have any doubt about Bitcoin's long term potential and if there is anything I don't consider it is to cash out. Anyone that entered Bitcoin as an investment with an expected ROI then should follow logic and not just sell everything. Looking at the chart for the next year it seems it is possible to at least double again as demand is very high.
We see institutions, pension funds, banks, and even public listed companies being bullish and buying even at these prices. The risk to invest today in my opinion is still low even at this all-time high as there is no sign of pullback or even any correction happening.
I don't have any doubt about Bitcoin's long term potential and if there is anything I don't consider it is to cash out. Anyone that entered Bitcoin as an investment with an expected ROI then should follow logic and not just sell everything. Looking at the chart for the next year it seems it is possible to at least double again as demand is very high.
We see institutions, pension funds, banks, and even public listed companies being bullish and buying even at these prices. The risk to invest today in my opinion is still low even at this all-time high as there is no sign of pullback or even any correction happening.
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?
why not do both? it is the best thing to do if you are having a dilemma whether to cash out or to HODL. all you have to do is to cash out a percentage of your bitcoin and hold the rest of it. I've been doing this for more than a year now and I haven't regretted it doing it so far. This is realistic, because we will not know when to need finance as an expense, of course this must also be taken into account that the two must also be balanced. Either HODL or cashing a little as a necessity is important, because market movements will not always be bullish, there are times when the market will also experience a correction, of course this must also be considered.
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.?
yes you are right, faced with the current position is quite complicated and very confusing and of course to avoid things that are not expected by anyone who sells. indeed at the time of correction this time, the waste will be quite large, but it won't be much past the $ 20,000 price tag. but apart from that, back to the owners of bitcoin, are they able to hold back or will let go in order to wait for a better price. the end of the year is not very convincing. But the market always changes when you least expect it.
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?
why not do both? it is the best thing to do if you are having a dilemma whether to cash out or to HODL. all you have to do is to cash out a percentage of your bitcoin and hold the rest of it. I've been doing this for more than a year now and I haven't regretted it doing it so far.
With the current value of bitcoin right now, it is quite crucial to decide whether you are going to cash it out or hodl. We should atleast learn from what happened before with bitcoin wherein its value suddenly rose up and after a while it fell down so hard that many experienced massive loss. If many people are saying or predicting that bitcoin's value will keep on rising and you are believing it, then keep on holding but if you are against it or you have doubt with that kind of prediction, cash out or distribute your bitcoin into other cryptos that has the potential of growing more like bitcoin.
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?
You ask the wrong question.
The proper question is what % of my bitcoin should I cash out?
If you put up 10k to buy a coin at 10k you are now close to 23.2k
Sell .5 coins
You have 0.50 free coin to let it ride. {actually the 0.5 coin would have cost you about 400 see below}
the following applies to a short term gain under USA tax laws
You got back 11.6k if you go legit tax may be 30% of the 6.6k profit or 2k
netting you 9.6k in pocket and .5 btc which would be only 400 usd out of pocket.
It is an easy choice to go 50-50 if 10k has turned into 23.2k.
what's also nice is even though you are 400 usd out of pocket in the case of 1 coin purchased at 10k and .5 of it sold at 23.2k
the remaining .5 coin is valued at 5k by the usa government. so if you hold it and it crashes a lot to say 2000 you panic and cash it. you get to take a 3000 dollar cap gain tax loss on it. which saves about 1000 and you sell it for 2000
tax wise it is a good move to do this if you are usa citizen.
The market prediction of bitcoin and other cryptocurrencies isn't an easy thing. Some people get lucky to make a good profit out of random choice. The present market movement is close around the ath value. Cashing out at the moment is good and it gives peace of mind, because once after the celebration days the market will surely experience a downfall. Hodl is good when you had invested with the excess fund from your earning.
HODL.......
To tell the truth, for now, I'm always cashing out my BTC balance in my account to be USDT. This is exactly in the Bullrun and at the rate of ATH. However, I am not a good analysis so that I really don't know whether the price of BTC will be really increasing again or not.
However, in this case, holding some USDT to buy BTC when the price is a dump or in market correction is another strategy. And hopefully, for the rest, I can really hold it, at least 50% from my asset.
However, in this case, holding some USDT to buy BTC when the price is a dump or in market correction is another strategy. And hopefully, for the rest, I can really hold it, at least 50% from my asset.
My prediction also is seeing the market in a longer span of bullish season because of the positive impact made by institutional investors. Although a big correction will definitely come but it might only lasts short term. So i chose to hold for now but open to sell some portion of my bitcoin once difficult days may come.
That is the right choice, you can sell parts to make you still comfortable to hold your bitcoin in the future. At least if the bitcoin price drops below $20.000 you will already get a profit. There is no wrong to keep hold our bitcoin as long as we already know some factors which can make its price going higher than now. But it will be a fool if we just heard and follow what other people do, they can be suggested to buy bitcoin and tell to everyone that bitcoin will up again because they are in a lose situation. The market sentiment can change anytime and as far as I know crypto currency market will respond quickly to what is going on. Nobody can predict that the price of bitcoin will continue to rise or that it will decline. But I chose HODL not because I can predict prices in the future. But I believe that Bitcoin will experience a continuous increase. Yes, I believe it
Yeah in my own perspective, we can earn more during these time if we will just hold our bitcoin, it is continue to growing and pumping a lot of news are coming that help bitcoin to rise, and maybe as some of the predictions in some website, YouTube and Telegram there's a possibility that bitcoin can reach 28k-30kusd this year, so I am sometimes believing in it, a lot of fomo has being create and many people are buying it, and many counties are adapting on our new technology. 
Nobody can predict that the price of bitcoin will continue to rise or that it will decline. But I chose HODL not because I can predict prices in the future. But I believe that Bitcoin will experience a continuous increase. Yes, I believe it
Here we are again at crossroads to choose whether to cashout bitcoin which we have or else Hodl for some more time?
Volatility is more of an issue over short timeframes. The longer the term you consider, the more there is a consistent upwards price movement.
- If you need the money now, of course cash out.
- If you don't need the money now, but think you can make a profit by selling and rebuying at a lower price point - then your success will depend largely on your trading skill, and only you can really judge your ability and chances of success here.
- If you don't need the money now, but are concerned that the price will drop and will never reach the current level again (or not for many years), then go to coinmarketcap, look at the 'all time' chart, and switch it to a log scale to get a clear perspective of historical price movements.
I am sure that everyone will still have a chance (and even more than one!) to buy bitcoin at below current prices! That's why I sold my bitcoins... I think that in March-April bitcoin will be cheaper than 20K...
Well, it was a risky move, at least from the point of many that think BTC is going over 50k this time. But if you ask me, I think it is very improbable that Bitcoin will never go below $20k again, and this can happen much sooner than March-April. Just don't miss your chance at that time!
Right! I don't believe in the S2F theory... Of course you can't rule out a 50K value, but in my opinion the growth is coming to an end, and the price will soon begin to decline... And bitcoin remains bitcoin at any price!
I am sure that everyone will still have a chance (and even more than one!) to buy bitcoin at below current prices! That's why I sold my bitcoins... I think that in March-April bitcoin will be cheaper than 20K...
Well, that's your thought and we're all free to have one in times like this, but never forget that the Bitcoin market has been evading by institutional investors, this was what Bitcoin lacked in the past that made it bearish from Feb-April but with these changes i doubt sincerely if we're likely to see Bitcoin price dump some IMO. 
Actually everyone has their own right and most importantly don't sell it at a loss or unprofitable, but if you have a strong belief by doing an analysis that believes that bitcoin will continue to rise, you should HODL.
and for the current situation, bitcoin price is in a good trend and is likely to continue to rise and I will prioritize holding it and making sales when needed or as needed, and only selling small profits for urgent purposes.
and for the current situation, bitcoin price is in a good trend and is likely to continue to rise and I will prioritize holding it and making sales when needed or as needed, and only selling small profits for urgent purposes.
It will only depend on your choice, if you want to keep on hodling then go and if you want to cash it out then go, no one can tell you what the right thing to do because no one knows what will happen in the future if the bitcoin goes down or keep on pumping, no one knows about that. Maybe you'll just need to set your standard bout the value of the bitcoin if it is already enough for you then cash it out but if it is still not then keep on hodling, investing for the long term will make you earn more money.
I am sure that everyone will still have a chance (and even more than one!) to buy bitcoin at below current prices! That's why I sold my bitcoins... I think that in March-April bitcoin will be cheaper than 20K...
Well, it was a risky move, at least from the point of many that think BTC is going over 50k this time. But if you ask me, I think it is very improbable that Bitcoin will never go below $20k again, and this can happen much sooner than March-April. Just don't miss your chance at that time!
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?
Since we have hit a new ATH I have had some very serious thoughts about cashing out some of my bitcoin. I also think there will be a price correction but I do not like to try to trade in the market.
For those of us who are here for the long-run it can be a real challenge to keep hodling when there is a opportunity to take profit from letting go of some coins.
I am going to HODL until we have another bull run and then maybe I will cash out but not all my Bitcoin.
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