Topic: Dont sell because you feel like selling, give it another thought. - page 4. (Read 632 times)

People eventually sell if they are seeing potential profits. That is already known even for long term hodlers. However, if you are really thinking for long term, that bitcoin will be much more expensive in the coming months and years and buying a portion of it may not be allowed anymore as it might be sold as a whole, then you might regret your decision why you decide to sell earlier even if you know in yourself you’re not in a bad shape.

This is a realization for us that bitcoin is a very valuable investment. Instead of selling them and left with few bitcoins in portfolio, we should pay more attention on accumulating more of them and then hold for long. We are not talking here anymore on profiting from bitcoin in just short term but it’s on preparing our retirement soon so that we will enjoy massive profits when we decide to sell after years of hodling.

Profit is profit and this is the primary rule when it comes to investing, if you are really that holding just for long term then this is something that wont really be an issue for you but if you are
longing for those fast profits then active trading you would really be your option. As for talking about selling just for the sake of spending then its up to your own choice because just like
been said that its your money then its your full control on what you should gonna do about it. There are really moments or times in life that you would really be needing to sell
specially into those times that there are emergencies which this one is considerable but if you are already that having those sell decisions just because you are liking to buy something or some
leisure or not really necessary things then it is really that your own choice.

lol

There is a reason why people hold. What you are describing is timing the market. If you're trading, that's fine. But if you're talking about holding vs timing the market, well holding is perfectly safe and leads to a lot of gains, while trying to time the market is far riskier and MIGHT lead to even more gains but over the long term could easily lead to smaller gains because a lot of the time when you try to time the market you're going to be wrong.


Like say if you were trying to time the market and you sold Bitcoin at $52k recently, thinking it'd correct back to $40,000s for a bit so you could buy low, since it had just quickly risen from like $39k to $52k. Well then Bitcoin went up $10k and now you missed out on a ton of growth, while the holders got everything with no worry, no time, no effort, no risk.


They are two different strategies. The one you are arguing for is riskier and may or may not pay off. Which is fine. But its silly to act like its the "practical way of investment" and like holding no longer works haha. Holding long term has always worked and continues to be the most practical way of investing in Bitcoin. Nobody who has held Bitcoin long term has done anything but makes tons of money. You certainly can't say that for trying to time the market.

People who hold Bitcoin at least 3 years won't sell their coins because if $62K is a good deal for them, they have been sold their coins when Bitcoin price was hit $69K.

The old holders are still holding their coins, while the new holders might selling some portion because they've make double or triple from their capitals.

Definitely don’t sell the coins if you don’t want to. You guys are forgetting that Bitcoins are very rare coins and there are fixed amount of coins. There is scarcity of coins, and a time will come when the demand to accumulate it will be high, but supply will be less. At that time people will be willingly to give any amount for the coins. Hold the coins for that time only. During that time the price will be skyrocketing and hence you will be able to make great profits from it.

Their money, their rules! Its something that we cant really be able to stop on whatever the things that they want with their money but its true that it would be always ideal that you should really know on when to take profits and its impossible that you cant really be able to see the potential of Bitcoin or whatever you are holding for long term specially that you've been here on this market for a while then it would really be just that
unbelievable that you arent aware about those potential and risks involved. It is really just that there are people who cant really just that be able to stop when it comes to their urge on buying up something.

Selling for profits is always that been recommended and something that you must do so that you wont really be ending up on having regrets. This is why it would really be better that
having those kind of selling points but if you are someone who is really that aiming for long term then you could really just not bother yourself with these things.
We are the ones who would really be making such decisions with our own portfolios.

This is right because I have experienced this a couple of times and at the end of it all I always end up losing and if I had held my Bitcoin I would have not lost that much but then I also we have to pay close attention to how we apply DCA tool in our Bitcoin holding because with every decision to DCA, you should be ready to lose a percentage in that course because you may not be at 100% profits all the time.


So is best to decide two things which are, either to hold or take profits by converting back to traditional money, holding os a long-term application, and at that the price of Bitcoin at whatever time shouldn't be the basis to exchange your Bitcoin to whatever asset or currency.

we are investing here to profit , so meaning we have to decide for our own and like what you said
don't sell our crypto just to buy luxurious thing? lol we need to enjoy life because it is short to not do it.
imagine you keep holding your coin and then after you have accident and died?so what is the sense of your
investments?


also remember that HODL is not a big thing now, there are lots of ways to earn bigger
than Holding .

I will admit that I did sell a couple of weeks ago and damn, after that the price goes off the roof,  but I can't help it, I need to help someone financially as he approach me and borrow some money for his electric bills and so I just give in because I was waiting for my salary that time but it's still a couple of days so I said to him that I will sell some. But it turn out that small amount of few satoshis turn into a bigger one as I gamble some of it. Anyhow, I can't get it back now, and so I still have a few sats that I'm going to keep and double it as much as I can and not going to sell and take profits until we are in the bull run for next year.

I don't fancy the idea of sell when you need money either, what if you need money on the bear market when your portfolio is 30% loss, that's not an even better idea, I'm not against selling but instead sell in such a way that you are selling very little amount compared to what you have in your holding's maybe like 25% of the profits you have made so you would still be safe if the market continues upwards.


That's what I'm trying to say, two years ago, there was a emergency in our family. I don't have a choice back then, as I was slowly accumulating that time. But you have to make the judgement and decision, and so I did and I don't regret it by this time. I just continue to accumulate at my own phase even if we are in the bull run already, I keep on pushing and accumulating sats.
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If you want to make sure you don't repeat such mistake next time where you would be forced to sell when you don't want to then make sure you are building your emergency funds, emergency funds is money kept aside for emergency so that you won't have to fall back to your investment as a solution to your urgencies, and it must not be touched except for such reasons


I'm not even a fan of selling all your holding's for profits so soon, we can't tell where bitcoin would be going tomorrow and if it would even crash back to lower prices like 40k ever again just as it has completely left price range of 10k to 15k, so if your selling expecting the price to fall for you buy back better second guess and do yourself a favour and keep some of your holding's intact, we are still so early in the bull run and it's not the best idea to sell now.

My rule of thumb is, sell if necessary, not just to make profits, but sell when you really need to. Maybe there something important that you need money and regardless of what the market is going to, you have to do it because of emergency.


That's what I'm trying to say, two years ago, there was a emergency in our family. I don't have a choice back then, as I was slowly accumulating that time. But you have to make the judgement and decision, and so I did and I don't regret it by this time. I just continue to accumulate at my own phase even if we are in the bull run already, I keep on pushing and accumulating sats.

I disagree with all the mean of this content , because nowadays there is no bigger to make money that to Buy low sell high because the old days of HODL have been a long old strategy.

Now we need to be more practical mate , we need to use each  opportunity to make extra money and we can maximize our profit when there is a buying and selling involved .

Imagine you need to Hold even when the price is dropping ? when you can just sold it for a while then Buy again when the completion of fall comes?

try to look around mate, we are in practical way of investment now .

One of the major reason for buying in the first place is to make profit and when all buy for different goal and different target which our price targets are different, to me anyone who saw profit and want to take it should take the profit and know what they have achieved you don’t need any reason to trade your own Bitcoin just as you don’t need much reason aside from making profit to invest on Bitcoin.

In a signal group that I’m actively in, it was predicted that Bitcoin price will reach $63,000 and above before the price will drop down and if you are lucky to meet it at that price one should sell if profit have been made and then set trade to buy back below $61,000 which anyone who was active would have benefited from such trade.

So tell me if I have such information and you are sure it will profit you will you consider holding or selling and buying back higher amount as a result of the profit you have made. You can still be selling buy back and make some profit while you wait for that big price but you do this at your own risk.

Yes, I will say it again and again! Don't sell because you want to sell, or maybe others are selling, and if you feel you have made some profit, then you must sell. My dear, give it a second thought. If you don't have a genuine reason for selling, like a deep need for money, or if you want to sell to buy luxurious things when you know that the price of bitcoin has more potential than what it has shown,.

I am not against anyone selling since; a lot of people who had hodl made lots of profit during this period. What I am trying to say is, if you have no significant need for the money, there is no point in selling it. If your income is enough for you and other expenses, you can continue to buy more bitcoin so that your portfolio will be massive. It should be about how much bitcoin you have, not how many dollars of bitcoin you are holding.