Do you withdraw bitcoin this week? | Bitcointalksearch.org

bangjoe

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Quote from: BVeyron on April 16, 2023, 10:51:04 AM

Quote from: Greggry on March 31, 2023, 10:12:40 AM

I'm sured people who invest on bitcoin early March will likely get increase as of last month the price was lower compared to ending. Early March it around $23,400 but today is up to $28,600. I know impatient investors will grab the hot cake and run out of the fry pan Lol. But still hoping to use the fry pan again. This little pump shows the possibility of huge pump coming. If you're holding hold tiet and if you don't have and if wish to buy is still good ideas. Also if you withdraw is your money enjoy.

Keep the record that it will pump no matter the delay.

I think there should always be some BTC to hodl, I dont think there can be strong price drop, the only problem, IMHO, that it becomes long-term investment, it means that high price rise is something of low possibility too. And I think that the sum to hodl should be arranged carefully depending on personal priorities and within some comfort zone (not everything to hodl, not everything to withdraw, but an acceptable ratio between hodl and withdraw).

Regarding holding and withdrawing bitcoin, it is something that is sometimes happy because the price drops after withdrawing and buying it back at a lower price, sometimes regretting because the price continues to pump when it has withdrawn, options are really needed for situations like this, like what you said no everything is to be withdrawn and not everything is to be held depending on the situation of comfort in investing in bitcoin, with the intention that there are some that must be saved for if you really need profits for some needs or are carrying out a buy dip and sell high strategy from half the bitcoins you have, but that's quite a higher risk because it will form a pattern like traders in general.
From my early january purchase this week doing my bitcoin withdrawal looking for any downturns that may come at a later date.

Asuspawer09

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Quote from: Greggry on March 31, 2023, 10:12:40 AM

I'm sured people who invest on bitcoin early March will likely get increase as of last month the price was lower compared to ending. Early March it around $23,400 but today is up to $28,600. I know impatient investors will grab the hot cake and run out of the fry pan Lol. But still hoping to use the fry pan again. This little pump shows the possibility of huge pump coming. If you're holding hold tiet and if you don't have and if wish to buy is still good ideas. Also if you withdraw is your money enjoy.

Keep the record that it will pump no matter the delay.

If they have the right timing investing lower than 18,000$ and selling it at this moment right around 30,000$ that's already a huge profit depending on how much they invested in it, I wouldn't blame them if they sell at this early because profit is profit when it comes to the market volatility. There is a lot of possibility that the market price would bounce back down to 20,000$, this market is always a big bubble.

But I do the opposite since I'm aiming for the All-time high or even higher, I buy and accumulate more Bitcoin as time pass even though the market price keeps on increasing. I also increase the amount of bitcoin i buy every time the bitcoin market price drops down a small percentage.

BVeyron

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Quote from: Greggry on March 31, 2023, 10:12:40 AM

I'm sured people who invest on bitcoin early March will likely get increase as of last month the price was lower compared to ending. Early March it around $23,400 but today is up to $28,600. I know impatient investors will grab the hot cake and run out of the fry pan Lol. But still hoping to use the fry pan again. This little pump shows the possibility of huge pump coming. If you're holding hold tiet and if you don't have and if wish to buy is still good ideas. Also if you withdraw is your money enjoy.

Keep the record that it will pump no matter the delay.

I think there should always be some BTC to hodl, I dont think there can be strong price drop, the only problem, IMHO, that it becomes long-term investment, it means that high price rise is something of low possibility too. And I think that the sum to hodl should be arranged carefully depending on personal priorities and within some comfort zone (not everything to hodl, not everything to withdraw, but an acceptable ratio between hodl and withdraw).

ancafe

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Quote from: Ultegra134 on April 14, 2023, 08:30:17 AM

It certainly depends on the amount he or she spent. Supposing that the said user bought a whole Bitcoin, that's $12,000 in profit that can be used as revenue or reinvested at a later date, when prices may be lower than today's. If it's a smaller amount, such as $500, then yes, I agree with you that selling wouldn't account for much profit; thus, it'd be best to use DCA to acquire a larger amount as an investment for the distant future.

For short-term profit patterns that you get will definitely follow the basic capital when you try to invest, even though the bitcoin price is at a high price, so it's better for people with small capital to try to use the DCA pattern in collecting bitcoins. Long term is the best way to get maximum profit by combining DCA patterns to earn bitcoins.

Moreover bitcoin is a long-term asset and it is definitely profitable to use this pattern, it is better to hold it longer for the bitcoins that we have, as accumulation towards higher prices is likely to occur at the end of the year or in the next year.

GigaBit

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An investor knows better what he should do. If he is taking a big risk in Bitcoin investment which later becomes a big threat then it is better to take his profit and if you think it won't have much of an impact on investing in the long run, I'd say this is not the proper time. Some investors may be getting around 1x profit right now as a result of investing in bearish times but the way Bitcoin is trending now has the potential to double in the next few days. Bitcoin is capable of changing its movement at any time so investors have to take appropriate decisions. Some investors think to selling and buying from the dip. But current conditions portray bullishness accordingly so in my opinion it is not the right time to withdraw money from bitcoin.

shushu9977

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Those people are short term investment, they will get their money and enjoy it. But, by myself, I am a long term investment and still hold my coins for more profit. I saw when the price is 3k and also saw 60k. So, I hold that time and still I hold my token.

Nrcewker

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It doesn’t matter which time you are withdrawing. I would advise everyone to withdraw the Bitcoins or basically sell the Bitcoins when you really in need of money and you don’t have any other choices. Bitcoins are very rare, so if you stop accumulating it and sell it in comparatively cheap prices, then definitely you will be missing the most profits that you can get from Bitcoins. I am also agreeing that this is the pre pump season, so if someone is selling their coins then don’t do it, as if you can manage to wait for few months, then definitely from the same amount of Bitcoins you will be getting double profits.

hZti

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Quote from: MaterialMouse69 on April 15, 2023, 02:51:31 AM

Quote from: ?? on ??

To be honest, I try not to withdraw at all now. In my opinion, now is not the best time for this. I still feel like it's not worth it now.

It's still not worth it to withdraw my bitcoin, I still have funds to myself and for my daily needs so I'm not worried about my bitcoin. If you have extra funds, thats good but remember don't forget to take care your life, if you have nothing else but bitcoin then withdraw it, don't make your life worse!

I can agree that it is for shure not the time now to withdraw bitcoins because you will for shure hate yourself if price in one month is double and in one year is 10x that price from now. However nobody can can know how the price goes, so if you have more money invested then you want to loose it is not a shame to withdraw some.

Marvell1

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Quote from: noormcs5 on April 14, 2023, 12:32:53 PM

Quote from: Fesatmas on April 14, 2023, 11:39:40 AM

Quote from: isaac_clarke22 on April 13, 2023, 12:26:34 PM

Quote from: Wapfika on April 13, 2023, 12:21:00 PM

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Well I sold mine for just a little amounts and withdrew it to my local currency for obvious reasons. I don't really do this a lot, but there will be times that I might need money for personal reasons and I don't think that holding the pride of being true hodler is worth over encountering worse situations in my own personal life.

I would buy back anyway on what I sold whenever the price just went a little below on the price I sold into.

this is something that normally happens because indeed if the situation is bad in our economy of course we sell some bptcoin which is already in the profit figure from the previous price, for example I bought at the end of January and sold bitcoin a few days ago to take profits because of an urgent need , I think it's not wrong and there's no need to be in trouble because that's how I use the bitcoin that I bought, I'm not much like you bro, than we hold the bitcoin we have to get bigger profits while there are many problems in life that needs to be resolved and bitcoin is the solution for that.
I also always buy back if I have extra cash and the price is below average.

Well, you had an urgent need for money and you sold your bitcoin in profit, there is nothing wrong in it. The good thing is that the Bitcoin price was above your buying price at the time you needed to sell your coins. Otherwise, you might have to sell your bitcoins in loss as you needed the money in any case.

However, there are people who bought bitcoin near 20,000$ and they sold at 30,000$ and thought they should do some profit taking. Nothing wrong with that approach too but I would say why would anyone sell Bitcoin at 30,000$ when they may get a chance to sell at 100,000$ in a year or two? If your vision is long term, you should not get excited and cash out at only 1.5x.

Because they believe in their ability, they believe in their ability to analyze the market, I mean, they will take profits and continue to wait for the market to correct to buy back at a lower price. Like you, you want to hold until bitcoin hits $100k to sell, but then you'll also buy back bitcoins at a better price. Why don't you wait for bitcoin to reach 200k or 300k and sell at that price? Will you be more profitable? Everyone has a different investment style, and as long as we are satisfied with the return, it is a success.

MaterialMouse69

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To be honest, I try not to withdraw at all now. In my opinion, now is not the best time for this. I still feel like it's not worth it now.

It's still not worth it to withdraw my bitcoin, I still have funds to myself and for my daily needs so I'm not worried about my bitcoin. If you have extra funds, thats good but remember don't forget to take care your life, if you have nothing else but bitcoin then withdraw it, don't make your life worse!

jeraldskie11

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Quote from: leonair on April 15, 2023, 01:39:48 AM

Selling during profit is not a bad decision. If one holds it for longer period for higher profit then it may bring bigger things even if it is ricks for him. But currently the market condition looks a bit better so I don't think it will be a bad decision to hold now. But everyone should decide based on his personal forecast and personal research whether he should hold long time or sell at profit.

A tiny income is still income. You don't have to make a lot of money before you may withdraw. When it comes to investing, you need be cautious, especially if you are investing a large sum of money. However, we can't always avoid to think that the money we earn is very little because we believe the price will skyrocket over this period of time. That is why we cannot blame them for the losses. So, as long as there is a profit, small or large, selling it is a wise move. Exactly what you said.

Woodie

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Quote from: Greggry on March 31, 2023, 10:12:40 AM

I'm sured people who invest on bitcoin early March will likely get increase as of last month the price was lower compared to ending. Early March it around $23,400 but today is up to $28,600. I know impatient investors will grab the hot cake and run out of the fry pan Lol.

If you are investing a couple of $100s this price gain won't mean much which means you need to keep hodling for a couple of years before you withdraw unless you are investing not less than $10,000 to have to take out any profits at the earliest time.
But if you aren't ready to take losses you can go with hodling but for faster profits go with a broker that will allow you to trade crypto and gain 5X your portfolio in no time by trading the lower timeframes like the 1minute time frame before you are ready to withdraw.

Quote from: ?? on ??

To be honest, I try not to withdraw at all now. In my opinion, now is not the best time for this. I still feel like it's not worth it now.

If amount invested is not much holding for a long time is the only way otherwise lets trade to withdraw, nobody will tell us this! Avoid giving back to the markets.

leonair

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To be honest, I try not to withdraw at all now. In my opinion, now is not the best time for this. I still feel like it's not worth it now.

Bitcoin price is currently on the rise and has crossed the $30K mark. And it can go to $50k very quickly. So it is better not to spend bitcoins unless absolutely necessary. Because now is probably the real time to get something good out of Bitcoin. So taking advantage of opportunities is the job of smart people.

Quote from: MoonOfLife on April 15, 2023, 12:17:44 AM

Quote from: ?? on ??

To be honest, I try not to withdraw at all now. In my opinion, now is not the best time for this. I still feel like it's not worth it now.

The decision to continue holding was right, as bitcoin will continue to move higher for the foreseeable future. But if you already have a profit and want to take a profit, there is nothing wrong with that. Depending on the goals of each person, there are different decisions. For me, even if bitcoin hits $50k this year, I still decide to hold and not sell.

Selling during profit is not a bad decision. If one holds it for longer period for higher profit then it may bring bigger things even if it is ricks for him. But currently the market condition looks a bit better so I don't think it will be a bad decision to hold now. But everyone should decide based on his personal forecast and personal research whether he should hold long time or sell at profit.

MoonOfLife

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Quote from: ?? on ??

To be honest, I try not to withdraw at all now. In my opinion, now is not the best time for this. I still feel like it's not worth it now.

The decision to continue holding was right, as bitcoin will continue to move higher for the foreseeable future. But if you already have a profit and want to take a profit, there is nothing wrong with that. Depending on the goals of each person, there are different decisions. For me, even if bitcoin hits $50k this year, I still decide to hold and not sell.

noormcs5

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Quote from: Fesatmas on April 14, 2023, 11:39:40 AM

Quote from: isaac_clarke22 on April 13, 2023, 12:26:34 PM

Quote from: Wapfika on April 13, 2023, 12:21:00 PM

~

Well I sold mine for just a little amounts and withdrew it to my local currency for obvious reasons. I don't really do this a lot, but there will be times that I might need money for personal reasons and I don't think that holding the pride of being true hodler is worth over encountering worse situations in my own personal life.

I would buy back anyway on what I sold whenever the price just went a little below on the price I sold into.

this is something that normally happens because indeed if the situation is bad in our economy of course we sell some bptcoin which is already in the profit figure from the previous price, for example I bought at the end of January and sold bitcoin a few days ago to take profits because of an urgent need , I think it's not wrong and there's no need to be in trouble because that's how I use the bitcoin that I bought, I'm not much like you bro, than we hold the bitcoin we have to get bigger profits while there are many problems in life that needs to be resolved and bitcoin is the solution for that.
I also always buy back if I have extra cash and the price is below average.

Well, you had an urgent need for money and you sold your bitcoin in profit, there is nothing wrong in it. The good thing is that the Bitcoin price was above your buying price at the time you needed to sell your coins. Otherwise, you might have to sell your bitcoins in loss as you needed the money in any case.

However, there are people who bought bitcoin near 20,000$ and they sold at 30,000$ and thought they should do some profit taking. Nothing wrong with that approach too but I would say why would anyone sell Bitcoin at 30,000$ when they may get a chance to sell at 100,000$ in a year or two? If your vision is long term, you should not get excited and cash out at only 1.5x.

Fesatmas

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Quote from: isaac_clarke22 on April 13, 2023, 12:26:34 PM

Quote from: Wapfika on April 13, 2023, 12:21:00 PM

~

Well I sold mine for just a little amounts and withdrew it to my local currency for obvious reasons. I don't really do this a lot, but there will be times that I might need money for personal reasons and I don't think that holding the pride of being true hodler is worth over encountering worse situations in my own personal life.

I would buy back anyway on what I sold whenever the price just went a little below on the price I sold into.

this is something that normally happens because indeed if the situation is bad in our economy of course we sell some bptcoin which is already in the profit figure from the previous price, for example I bought at the end of January and sold bitcoin a few days ago to take profits because of an urgent need , I think it's not wrong and there's no need to be in trouble because that's how I use the bitcoin that I bought, I'm not much like you bro, than we hold the bitcoin we have to get bigger profits while there are many problems in life that needs to be resolved and bitcoin is the solution for that.
I also always buy back if I have extra cash and the price is below average.

blackened515

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Quote from: DiMarxist on April 13, 2023, 02:43:53 PM

Bitcoin investments is long-term investment, If you want to enjoy bitcoin, you have to endure and hold it for a long period of time and not for a short-term. If you are a bitcoin investor and you not holding the bitcoins for long term and you are holding it just for short period then you are not yet fully ready for the investment. And the best time
of buying bitcoin is the time when the bear is still down so that when the price rises up to your satisfaction then you market it out and make your profit from it. If to you want to invest now is still good to invest, Bitcoin will still rise more than$31k-$35, if you bought bitcoin at $20k wow if you want to sell now you will make a huge profit.You can buy and hold, buy in lesser and hold it for long-term, it is better to hold until bull runs season.

There's presence of bear season and I stick to my budgets for the current season. I'm not selling my Bitcoin until there's signs of long bullish candles on bitcoin charts, that's where I will pulled my enormous profits. Short-term investment do work most time for altcoins but it's barely triggered during the bull season. Bitcoin have essential purposes to investors and traders in the market. We make good use of Bitcoin at the top level because it aides in withdrawing profits from the market.

Supreemo

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am i the only one who noticed that there are several network congestions this week? i don't know much but i have experience delay in transactions this week. to answer the question too, yes i did but now i'm already hesitating due to the fact that it is quite common occurence lately to experience congestion so i think in the future i'll not withdraw not unless it is needed urgently.

kamvreto

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MAaaN...!! CUT THAT STUPID SHIT

Quote from: Ultegra134 on April 14, 2023, 08:30:17 AM

Quote from: DiMarxist on April 13, 2023, 02:43:53 PM

Bitcoin investments is long-term investment, If you want to enjoy bitcoin, you have to endure and hold it for a long period of time and not for a short-term. If you are a bitcoin investor and you not holding the bitcoins for long term and you are holding it just for short period then you are not yet fully ready for the investment. And the best time
of buying bitcoin is the time when the bear is still down so that when the price rises up to your satisfaction then you market it out and make your profit from it. If to you want to invest now is still good to invest, Bitcoin will still rise more than$31k-$35, if you bought bitcoin at $20k wow if you want to sell now you will make a huge profit.You can buy and hold, buy in lesser and hold it for long-term, it is better to hold until bull runs season.

Uh, not necessarily. I used to make 6%–10% on average trading Bitcoin on a weekly basis a few years ago. I didn't use a large amount of Bitcoin; thus, my earnings weren't of huge importance, but most of the time, I had earned a decent side income by the end of the month.

6%-10% is a great income for trading, you also need a large enough capital to be able to earn that amount and in a week.
I don't know how you manage it, but it requires perfect trading knowledge.
It is not easy to continue to earn profits every week, you don't say how much you lose on average when trading. it is also important to determine whether you really get a net profit or not.

Ultegra134

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Quote from: ancafe on April 14, 2023, 08:02:22 AM

Quote from: Ultegra134 on April 13, 2023, 01:40:46 PM

There isn't a right or wrong move when it comes to investments. Long-term holding isn't for everyone; not everyone can rely on waiting long periods of time to generate profit. Some prefer to take action and actively trade despite the market situation. A few posts above, another user mentioned that he had bought at $18,000 and considered selling at $30,000, which was reached in the last few days. Honestly, that'd be a great profit in a quite short time period; thus, depending on the occasion, I wouldn't mind selling.

I'm all in for holding bitcoin; it provides me with peace of mind that trading cannot, but sometimes I'm getting tired and bored of waiting, to be honest.

If the uses the $18,000 to make the purchase then he's also making a profit for now. But the problem is whether he buys in large or small quantities because if he tries to make small purchases, the profit he gets is still low and in accordance with the capital spent. Deciding to actively trade is also great, as long as you are able to analyze the market carefully, but it can be quite risky for someone who doesn't understand the market and the easiest way is the long term.

That's why I prefer to make purchases using the DCA pattern and hold bitcoins in the long term, because different people have different opportunities and capital also affects the course of investment. Basically it's not a problem to sell bitcoins in the current conditions, but it must be carefully considered so that you can profit with the capital calculation.

It certainly depends on the amount he or she spent. Supposing that the said user bought a whole Bitcoin, that's $12,000 in profit that can be used as revenue or reinvested at a later date, when prices may be lower than today's. If it's a smaller amount, such as $500, then yes, I agree with you that selling wouldn't account for much profit; thus, it'd be best to use DCA to acquire a larger amount as an investment for the distant future.

Quote from: DiMarxist on April 13, 2023, 02:43:53 PM

Bitcoin investments is long-term investment, If you want to enjoy bitcoin, you have to endure and hold it for a long period of time and not for a short-term. If you are a bitcoin investor and you not holding the bitcoins for long term and you are holding it just for short period then you are not yet fully ready for the investment. And the best time
of buying bitcoin is the time when the bear is still down so that when the price rises up to your satisfaction then you market it out and make your profit from it. If to you want to invest now is still good to invest, Bitcoin will still rise more than$31k-$35, if you bought bitcoin at $20k wow if you want to sell now you will make a huge profit.You can buy and hold, buy in lesser and hold it for long-term, it is better to hold until bull runs season.

Uh, not necessarily. I used to make 6%–10% on average trading Bitcoin on a weekly basis a few years ago. I didn't use a large amount of Bitcoin; thus, my earnings weren't of huge importance, but most of the time, I had earned a decent side income by the end of the month.

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