Topic: Dont sell because you feel like selling, give it another thought. (Read 578 times)

Not every individual that learns this way, some will not learn but continue to be investing in the short term. The only time we should sell our Bitcoin is when we are in profits and we want to use the profits to do something more important than investing in Bitcoin. If we aren't in profits, we shouldn't sell in loss because we'll regret doing that. There should be other sources of income that we can use to take care of others things that aren't important and only the things that need more money that can be gotten from the profits that we have had from holding Bitcoin. Our emotions shouldn't be listened to when investing, if we follow our emotion we'll be selling when we feel fear. Investing in Bitcoin, both when we're buying or selling should be done based on our research and not emotions.

Each individual will have their own financial goals and they set their selling and buying targets accordingly which is why a price that I might not find intriguing to sell my assets might be the best price point to sell for someone else. We all think differently, our thoughts and ideas might match sometimes that cannot be the case every single time.

Selling just because you feel like it isn't the right thing to do but if someone understands everything and is willing to sell because they have reached their target price then I don't find anything wrong in that.

Unfortunately majority of people who Ave entered the crypto since 2017 have just jumped in to get profit wherein they have no idea how it works as that was the year which brought mainstream media attention to Bitcoin during its bull run which triggered more people to invest without knowing about it.

It's like a chain process, first a user joins without any knowledge and loses the money or cashout his Bitcoin then later realised that hodling it gives more profit and then user goes for long term hodl.

I don't see any problem with what you are saying; it's just that no matter what we do, reminding people if they still have some that they can sell their bitcoin or cryptocurrency that
they haven't invested it well or properly.

And we can't blame them either because it's their choice; at least we did our part to remind them somehow. Let's let them themselves realize what they did, whether it was right or wrong;
that's all.

I think one should investigate about the target of most of the people at which they will sell their bitcoin because if selling percentage increases then the price of bitcoin reduces. Don't wait more if all the people wants to sell their bitcoin because more they sell more the price will fall.

Find out an opportunity and if you find that over your achieved target the price starts dumping then don't be too greedy and sell it as after each Bull season there is a bear season which has the potential to reduce the worth of every coin.

It has become so clear to me now that those who have future plans for their Bitcoin before they started the investment tend to manage they portfolio better than those who just jumped in without any plans. Those with plans are not too perturbed by the price movement because they have targets they set from the beginning. For instance, someone that plans to secure certain volume of Bitcoin over a period of time will not think about selling even though the price rise so high. The same can be said about someone who plans to save his retirement funds in Bitcoin, they will never think about selling even when they have the urge to sell. So falling into the temptation to sell when one did not expect to sell is a sign of poor planning.

I can understand what you're saying and I somehow get your advice of not selling immediately or for a small profit but I have to disagree with you on the part about selling because they need the money, if the word is need then there's probably a good reason why they're planning on selling, you can't really dictate anyone what they want to do with their money after all. Regards to luxurious things, that could depend, remember that you've got a right to be happy as a person and that you don't have to worry too much about investments so if you're not going bankrupt with that luxurious stuff then go for it. Don't be a slave to your money and investments, you don't have to wait for retirement to do stuff and enjoy life, you should do it along the way and it's more fun that way.

Well, some might have analyzed their plan well before finally selling their coins. But I believe a lot of those who sell are not because they have reached their profit goal, but because they fall on FOMO and eventually follow other people in selling their coins even if they don’t have valid reason to sell. These are the type of people who will most likely end up losing despite of how big their profits gained, because they don’t have a concrete plan of their investment.

Selling is actually advisable every time there are possible profits. But you can always delay your selling of coins most especially if there are high possibility that bitcoin price will continue to grow its price consistently. So it’s a matter of patience and not being greedy.

Always know the worth of what you’re buying. And never focus only on what you can do for it today but think well if they’ll still be useful within the next 5-10 years. High quality items does not need to be well expensive, but if your work demands it, then maybe consider buying it.

My point is focus on your needs, not on your luxurious wants. Yes, we are here to invest and now we’re making profits already, that does not mean that spending is the key. We can always save up to buy more bitcoin so that we can assure to have a brighter future someday, but also not to the extent of compromising our present life needs and necessities.

Sell ​​at the highest price, especially if the target you want to achieve is appropriate, then in my opinion there is no problem. Of course you don't have to sell all the bitcoins you own, but selling some of them at the current high price is arguably reasonable to anticipate a price dump. We saw the fact a few days ago that the price fell to $59k after touching $69k, but the recovery was quick and today we are above the old ATH again.

Taking profits now is not a problem, but refraining from selling now is probably a better decision. There is great potential this year and next year to take bigger profits, so if you want to get those profits then keep buying, accumulating and holding on.

I keep telling people that. There's so many things that we buy and don't really need. When you sell bitcoin to buy something, you exchange an appreciating asset into an item that will most likely depreciate, but it depends on what you buy. If you buy electronics, or a brand new car, especially an electric car, that's going to depreciate very fast. Phones that used to be worth $1k 5 years ago are maybe worth $100 now, same with TVs, computers, and many other things. If you bought a home appliance 5 years ago it's either old now, or not working at all, but bitcoin bought 5 years ago is worth 10 times more.

Holding at some point could be damaging when especially in the ATH. You wouldn't want to keep holding while the rest of the world is already selling. Every person has a reason to sell after all making money is the reason for investing.

You know if the price stays sideways for too long, there is a chance that it could dump.  Selling could be the right decision if you are looking for an opportunity to accumulate coins.

When it comes to investment then it would really be that a normal approach on having such as this on which it would really be that something you would really be needing to mainly consider.
When you do invest and accumulate Bitcoin or some crypto on which you have believed that it could increase its value, then there's no sense that you would really be actively spending it
or buying something on which you could actually be able to do it with fiat. There are ones who dont have that kind of approach on things and making  those rushed up decisions as long they do like it.

Seriousness and dedication would really be that something that could matter on someones investment decisions because if you are really that serious on accumulating
then you would really be always having those second thoughts that you would be spending it on something like  this.

When someone decides to invest, of course they have properly planned their investment and of course they have set a limit for the profits they can make and take advantage of the investment they have made, but before they decide to sell it, of course they have analyzed it well. does it have the potential to get even bigger profits or not and if they believe there will be another increase of course they will continue to hold until they can get that profit and those who do it like the theory you mentioned I think they have been able to analyze well about market conditions and decided to take advantage of the increase.

Don't do what OP tells you, if you really need the money and you've got no way to pay your bills besides taking a small chunk of bitcoin in your stash, just do it. It's better in the long-run if you take care of yourself rather than let yourself get hurt in the process of saving, I'll tell you a story of a kid that I've known when I was still in school, this kid is always saving his allowance and doesn't eat even though he feels hungry because he's saving for something, I didn't ask what he's saving for but then he stopped coming to school, I just found out that he's taken to a hospital because he's starving himself and did get some form of anemia or something, he did recover though but my point is that you should never move your health or your necessity in second place in terms of priority, as long as you're alive you can still invest in bitcoin.

What a shit post.

Feel? That's an emotional term. People who "feel" in money are not investors but chumps. Should always have a written plan.

It is about the money why the F else would anyone be here.

HODL ing makes ZERO profits. You don't profit or lose until you sell.

Go back to school kid.

So do you think people who sell mean they need money? Unfortunately no, because not everyone sells because they need money. Sometimes they sell it to secure profits or avoid losses because according to their analysis after this the price will fall. The basic theory of investing or trading is to sell when it goes up and buy when it goes down.

Usually those who often need urgent needs are investors who do not prepare spare money in their lives when they have invested their money in Bitcoin. It's true that there's nothing wrong with selling because you've seen the benefits you'll get from it, but if you talk about pressure due to life's necessities, it can cause the investment to have to be sold. We can conclude that the investor did not make extra preparations when carrying out his investment in the previous period.

The ultimate goal is like that, but if every Bitcoin investor still has the potential to get more profits than now. Of course not selling it is also not a problem because in reality they can still get more than what they see at the moment, but if you say that it is because there is pressure for whatever reason. Everyone can probably judge that the investor does not provide spare money in his life as an extra option in dealing with his own difficulties in life, but because currently there is potential for Bitcoin to reach ATH and pass it quite well. So there is no need to rush to sell it, it would also be a better option.

This can be a very good decision in fact - not to sell Bitcoin unless absolutely necessary. And the need can only arise when you really need money. For example, money for a medical operation when you have critical health problems and the operation requires money. There may be other problems: you have nowhere to live and you have enough money to buy a home or take out a mortgage. Money may be needed for training and so on. In all other cases, where you have a source of income and are simply saving part of your earnings in Bitcoin, not selling Bitcoin can be a good strategy. It might be worth creating a separate account for this.

practical using of our crypto asset ,if you think you have earned enough then don't be greedy and sell , also if you badly need money then get a chunk and sell,
also if you think you have seen good potential coin then trade it.
it is our choice and our decision.

we have seen the correction the other day so those who sold their coin in ath and bought in correction have added some percentage in their holdings now and for me that is also another percentage of profiting.

Even if your advice is correct, the therapy is up to them and their right if they want to sell it even if there is no compelling reason for an important need or desire. Everyone has their own plans, strategies and satisfaction. If they think the profits are sufficient or they have made big profits, in my opinion there is no problem and it won't harm you, right?
Honestly I wouldn't sell it if there wasn't an urgent need and I've also used the DCA method and I'm in it for the long haul. And there are some of my friends who sell it if they feel it is very profitable and I support it, and I am very happy to see them feel very happy when Bitcoin gives them good or big profits, because it will make them believe that Bitcoin is really the best in any form of investment and also very profitable.

The thing i dont like is to tell people on what they should gonna do and yes its true that its their coins or money then they do have the full rights on what are the decisions that they would be making because its their right.
Just let them be on what are the things they would be doing. It is really just that impossible that they cant be able to determine on which one is a worthy investment and which one it isnt.
This is why it would really be always best that you should be needing up to balance whether you would really be making out such decisions or not.

Selling out on something that you could buy with fiat is much more preferable because you do able to save up your coins which it could potentially be increasing out its value.
Second thoughts? Use up your common sense on which one is worth.

I couldn’t agree more. We can’t hold the people from not selling their coins if they have already seen substantial profits in their investments. Take time to sell but never sell all your coins. Leave some for your future profits. While others would want to sell and make profits already, majority would still want to continue hodling. Most likely because their target selling price has not achieve yet, or they have no plans to sell since there are no genuine reason of selling. Just hold if you don’t want to sell, but never sell all your coins if you want to stop buying already.

Agreed, sell when necessary, especially at a demanding need or emergency that required to be met immediately but saying not just for profit makes me want to question the real essence of the holding for long and later calmly want to sell at a loss. What's the need for investing if am to later sell it at a loss. Am sure you won't agree to sell at lost after a long hold.

Everyone who buys and sells has their own plan regardless of whether it is the right choice or not. I don't think one needs to judge other people's decisions regardless of the good or the bad, it's clear that they have their reasons for doing so. Someone who sold at $69k may have had better luck than those who just hold, but only if they had time to rebuy at $59k or $60k during the correction.

Investors have different ways of accumulating assets, therefore I don't think it's wrong if they sell at a high price and buy again at a low price. This is a way to build a larger portfolio without carrying more capital budget after the first investment, so that it is never wrong and we have no right to blame other parties for the decisions they take.

I would say that the logic doesn't change based on when you enter, but your situation when you get out. If you entered at 15k or 50k it doesn't matter because if you think the price will go up more then you think it will go up more and you should not sell, or if you entered at 65k or even at 69k brand new ATH but you think it will not go up more, then you will sell.

However, it does change based on your situation, because lets say you need money urgently, then even if you think it will go up, you still get out, you regret it but you have to because you need the money whereas if you have no rush and no need then you are not going to end up getting out at all. This is how it works in most cases and will end up going forward.

I had similar experience but then regretting wouldn't increase the money or my assets so I just had to let it go and hope I will grab a better opportunity sooner, I believe before the next bull run I should be able to get hold of an opportunity to be able to make up for this which I did lost but till then I will actually be looking out for another opportunity . meanwhile I will be gathering some funds to be able to grab any of such opportunity to be able to wait for the bull run where I hope to make just the best out of it.

Sometimes we don't have to regret when such opportunities pass by because that will only allow us nurse FOMO and we may even have worse experience with FOMO than we would have if we had just let go or even waited for an opportunity to come again because most definitely opportunities will always arise in the market and to be utilized by those who understands how well to make use of it.

Is very hard to stay without thinking about selling because you might be tempted to sell just to see how much you're going to recover. We do have those who sell just for personal needs like you said and in some cases if they don't sell they have nothing to hold on to, this period is one of the best moment to delay in everything you do, keep on hodling maybe till the halving period that's if you can.
Bitcoin price is $66k and with those ones hodling is more profit and they'll benefit more if they keep on hodling, with time we might be seeing Bitcoin moving up to $75k+ from how the market price is at the moment, so I'd say is only the patient ones who can benefit at this time.

You would really be only starting to make out those kind of regrets on the time that you would really be having that kind in need of money or on the time that you do see the price is really that rising up.
You would really be having that kind of thoughts that you shouldnt have spent up your coins when you do see that there's a price rally. Well, it is really just that on personal choice because we are
really that aware when it comes to that opportunity and chance for you to make money. There are people who dont really care and there are ones who do think for long term.

It is really just that depending on someones preference whether they would really be having that kind of approach in towards their holdings whether they would really be that
minding on accumulating and not tending on wasting it up or they would really be just that spending up their money or fiat when buying up something.
There are really just those people who are thinking up sensible in towards their ports.

As said earlier, don’t sell the coins if it’s not required. Bitcoins are very valuable. It’s valuable because these are limited in numbers. Now seeing the price rise, more people will try to accumulate the coins. Hence the demand to buy the coins will go up. Now as we know that the price goes up when buy orders are more. So the price will go more up. So to conclude, it’s beneficial if you don’t sell these precious coins.

I don't know what OP's problem about people who is selling their bitcoin knowing that this is their money and they can do anything they wanted to do and besides who will deny selling when we have experienced too much dumping in the past years.
and also those who have bought when the price is ranging 30k have already 100% or more profit so that is enough to sell for now.

You are right on that, it is a personal decision for an individual depending on when they entered the market. If you enter earlier and feel it is enough profit already you can get out. Like some investors are already planning to take their first profit at the time halving happens. There expectation is that price will start to drop at that point because other investors are targeting that time to get out of the market to wait for the historical correction until the rebounce happens and then they go in back. So if someone also considers a particular point to take profit, it is just as an individual decision. If during the bull proper, people set different mark to also cash out and that is not a community decision but according to what the person wants. So yes if you enter earlier and feel your have reached your target then such person can freely and easily pack their profit out. There are investors that are already in profit if you check from your calculations and that is just few months back.

Everyone's investment goals are different, if they sell because they have made a big profit, why not? for example, they buy bitcoin when the price is still discounted when the price is $20k and sell it at $60k for other purposes such as buying a house and other urgent needs.

So we also cannot urge someone not to sell bitcoin because people's needs are certainly different, in essence investing is to make a profit. If they feel the profits they have are sufficient then there is no problem selling some. However, it would be better to remain Hold if there is no urgent need or anything else because Hold is a brilliant move at this time, the reason is clear that bitcoin has not yet formed a new ATH and it is very likely that bitcoin will reach $100k then the profits we get will continue to increase.

 Hard to argue with how people feel exactly, to make words to change minds requires alot of finesse especially across the internet.  However a very simple point might be to never be absolute all in and never just sell off as if you absolutely guessed right where the best price is.  Im presuming people are not gambling leverage but scale into and out of positions will enable an amount of learning far better then purely balancing everything on the end of a needle with only a single trade in and a single trade out.  

Its very common in trading to scale portions of a position because you can never be sure but I accept some people want to take some profits to pay a forthcoming bill or whatever, that much is sensible.   You can trade a held position or investment as people label it, the trade is the time and place of entering the order books and that point its fair to play each bit like a short term trade in that amount you are selling.

     Right now BTC isnt a sell, not from what I've seen past vs present its volatility which is exactly similar to what we've had in the past when prices move about fast it will occur just like this so dont be too negative on it all even if its rough seas

If trading turns out to be giving out that excessive stress but something that profitable then i could really be able to ignore that stress and would really be continuing since it did really benefits me and also
we do know that dealing up with trading doesnt automatically means that you would really be that become successful. It would really be that still matter on how well you do have those kind of decisions you would be making.Selling out your coins into something not that important? You do know on where it would be heading on which it is really just that waste that having that kind of acts on which it might lead up
with those after regrets basing up on what you have done. Hold for long term and you would be able to see and cherish out those profits that you do make on just simply holding but of course it would be
depending on the coins that you've been holding.

Long-term thinking can give an investor a better return than spending a stressful life doing excessive trading. Because in long term investment an investor doesn't need very good knowledge about the market and also doesn't need market analysis, here just buy and hold bitcoin can get huge profit after a period of time. Yes, many traders make huge profits by trading because they have a deep knowledge of the market because they know when and how to enter the market.

This is the whole point.Only those who are focused on long-term investing will receive the greatest profit (there are, of course, those who trade and successfully) But the easiest way is to buy and forget for several years, as practice shows,this is the most successful case so far moment.The current turbulence in the market is precisely what will drive out those who do not know how to control their finances. At least until the halving, we need to continue accumulating savings.

It is true that every investor has a reason when they want to sell the assets they own, especially because they think the profits they have earned are sufficient and we don't have to follow other people in making decisions to sell or hold until the profits we can get are even greater and there are some people who really need it and don't have the savings to be able to fulfill what they need so they have to choose to sell even though the price will be detrimental to them, of course for those who have set a target they will wait until the assets they hold reach the appropriate price. which they have set just sell for the profit from holding.

People invest for so many reasons, however you cannot tell them when and how to take their profit, and they could be collecting their profit for so many reasons is either they've been long time holder or they are collecting a percentage of their profit that they've held after a very long time, or they are just short time investors who feels the need to take profit.  Everybody that has invested in Bitcoin is not just doing it for a Mere sake, those persons must have taken an informed decision.

Anybody selling now might have either bought during the bear run when the price was low and given the price today, he or she sure has gotten good profit. So every investor has their plan, those who are selling at the moment might actually be executing the long term plan they've had before now.

who are you to hinder those who wanted to sell?

this is the problem with all those people that only talk when there is a bullrun but when the market is dumping theykept quiet .
people wanted to secure their profit so greediness will not cover their desire and may not bring them any further losses.
we have seen this happen many times and practically.
well with this I agree, that sometimes we must only act in emergency and not to take when you decided completely to HODL.
your stand and we have ours, just do your own ma.te

And that is circulation also the reason why this is called currency to be circulated and if we are not into this then everyone will Hold? what will happen to the market, this is Supply and demand but nowadays Bitcoin has been used to be a complete asset and not the main purpose of creation to be a currency.

+1 and supporting this completely.

As a trader and investor of many years, I very much appreciate this advice even though it looks simple. Two things are being done in the market, it is either you Buy or you Sell, and doing either of these could Enrich you or make you Poor, which calls for care and caution in our decisions. So it's all about us.

Specifically for Bitcoin, one should know that this is the Bitcoin season, and no fear should be entertained because it is always bullish this season, so it should be rethought to liquidate one's asset to avoid regrets. I've made enough mistakes in my trading and investment plans in the past due to the lack of having a second thought as simple as it is. This is why I so much value this warning because it has helped me to avoid regrets. Many things cause traders/investors to liquidate their positions, and some of the reasons are emotional (especially for the FUD) rather than professional. So without writing stories, one should base the second thought on whether they are being Emotional or Professional in that decision they are about to make. The answer between the two should be the right guide for such a trader/investor.

It's really easy:

Buy when you can, sell only when you must.

Don't let price fluctuations interfere with that.

Well I think if a person is going to sell right now he is making a large mistake. We have the Bitcoin halving in less then 50 days from now.

Why are you going to sell your Bitcoin before this big crypto thing does happen? I just want to know now if this new Bitcoin price of almost 64k is for the halving. Or if we will see huge gains after 50 days if we get even bigger profits from halving.

Regardless of what will happen in the future I will still stick to what I am doing because my benchmark for releasing bitcoin is at the price of $100k as long as bitcoin has decreased in the end I don't have a problem with that because it can actually be a good option to increase the portfolio that I currently have, but when prices continue to grow to a greater value then my plan is to release little by little so that the benefits obtained can be greater because after all everyone must have several plans carried out and in this case I also have it.

I don't really have a problem with the decline that occurred because it is a risk and I have also felt worse when the previous decline so the temporary decline before the price touched $100k I think I have no problem being in bitcoin until that price arrives.

Every investor has their own goals and they will give more importance to their goals due to which they take decisions considering the market conditions. Now if someone thinks that according to the market condition that this is the right time to sell then he will start selling even if we are not selling then he will still sell. It is free market and here everyone makes decisions from their point of view and takes profit. And those who have a long term vision don't really follow the market changes.

In fact they also have their own plan and set targets for when they will be interested in selling. So here everyone has set their own target, as a result of which everyone is among themselves, some are selling and others are buying.

Just like me when it comes or talks to my holdings on which there are really times or moments that you wont really be having any options but rather you should really be selling out a part of your investment
just because you are really indeed needing up some funds or money on which it would really be likely that it would really be your last option to take and would really be making out those sell earlier
whether its profitable position or simply still doesnt have much that movement. We cant really be able to make out such avoidance specially if you are really that indeed need of money.
It isnt really that much of a concern or really that a serious matter as long those kind of crisis or problems had been resolved out.

We should know that its very obvious that not everyone will be holding their bitcoin for that long without selling, some are selling while others are buying, this is what we will always have and see in the crypto markets, but if we must sell or buy, then we have to look around for the best strategic timing for doing any of these in other not to make us loose on being on our investment in any currency we are holding.

If others are selling leave them to sell their bitcoin or other coin but don't copy other individuals as their need are different from you. Selling of bitcoin is not a good idea of you sell it before Bull season because everyone is waiting for such timing when the price touch new ATH as that will be the better timing of selling your bitcoin.

I think keeping your bitcoin or other coin after Bull season will be a false decision because Bull season will end and you will miss the chance of selling bitcoin at higher price and again you will wait for another cycle and another Bull season. If you keep holding bitcoin then sell it during Bull season and buy again when price again gets lower so this will be a better way of getting profit.

I believe the decision to sell one's assets depends on every individual's personal goals and financial targets that they have always had since when they made their investments, so even if we believe the market will go way higher than where it is right now, some people might still find the current prices suitable for them to sell or at least take profit with a portion of their holdings because they might need to do that.
Some people might have a different strategy where they want to sell their assets and buy the dip again if there is one instead of holding their current assets. However, if someone has bought when the price of Bitcoin was very low, there is no point in doing this.

The rules are up to each investor - so I can be sure they have their own rules and goals.
They can sell some or all of it as long as they make a profit as expected - they can also hold it longer because they believe in greater potential.

I'm not selling not because I don't need the lifestyle and don't want to enjoy it - but I'm not selling because I'm still very optimistic about the great potential in the future, especially after the halving. I have a reserve budget that I can use when needed - it was part of the plan before I started investing. Selling because of profit is good - but stop selling because of panic.

Although I am in agreement with you, you sound so sure as tho it's inevitable for bitcoin to increase more after the halving, what if the bull run ends here what would we do?, And also if the price would continue to increase how ready in bitcoin size are we?.

Bitcoin is still a very volatile asset and can start decreasing in price right now, but for now with the facts available to us the demand of bitcoin has become very high and most holders are now moving their bitcoin from exchanges to self custodian wallets because of news about hacks and shutdown of exchanges so bitcoin is getting more scare now than ever, so we are sure that the price would continue to go up, so selling now would be a very bad decision and you would miss out on the rest of the bull, that's why I said in a previous comment that it's better to sell in percentage of profit made ontop your investment than to sell all, if you sell all you might find yourself in a bad situation if the price doesn't go down or even remains at your sell price, bitcoin could still really go up to 200% it's current price and hit about 150k this year and some are speculating that the bull would even continue into next year, so I think the thighter your hands the better, if you sell because of this initial profits you are damned to miss out on the main goodies when it comes.

Setting a plan is a must before we will engage into any form of investment, most likely if it’s about long term investment. While we need to put a lot of thinking into the potential coins we are going to buy, same also applies into setting a target selling price. The best time of selling is during a bull run, but it does not mean that you have to sell all at once. Sell only a portion of bitcoin and if you’re not actually needing huge funds, then just continue hodling while waiting for another bull run to experience massive profits again.

However, if you are facing financial shortage, then it’s never a wrong idea to sell all your coins in order to make financial gains. Your money, your rules. But make sure to invest again when you are more capable enough and have earned sufficient funds already to buy bitcoin most especially in the bearish market.

People's goals are always different if there is no compelling reason then agree there is no need to sell now because the increase will be even higher, maybe from those who still have a salary if it is enough then just use it but sometimes there are still people who want to buy luxury onions because they have seen profits in bitcoin.

I will not sell before the price of $100K even though it is now 100% profitable, this is still small if I say in bitcoin because before the halving the price was already this much let alone after it, of course I think about it knowing there will be greater momentum coming again.

Suppose you want to sell YES please that there is no right for others to prevent it but remember the HODL advice would be better than the current profit.

I understand what you mean Mate.
Holding, buying and selling of bitcoin is an investment, in investment what you should be concerned about is making profits and building your portfolio.
    I don’t think one can sell there bitcoin because they just want to sell, before anyone takes an action he/she have already considered it, not to talk of an asset like bitcoin which they already know the value of it. The truth is one can’t be holding and holding, if you want to be a long term holder I would advise you get another job and so you won’t be pressure to sell or use it up but when you solely depend on bitcoin there is no room of escape for you.
  OP make sure you also enjoy your dividend from bitcoin so that you trust the process…..there is a saying
Use your profits for yourself, to keep you on track for making more profit..

In essence one has a reason for any action taken, no one is ignorant of the possibilities of bitcoin but we must know that Bitcoin price won’t move linearly it will vary over time and prices moves up and down.

I do actually agree in to this one on which you would really be thinking about being profit is profit on which you would really be securing out those profits and you would really be telling into yourself that it wont really be that bad for you to at least getting some portion of those profits and would really be spending it up like buying up something like gadgets, leisure times or whatever on the things that you do have in mind.

If you are someone who do have that kind of investing minded kind of person then of course you wont really be making such action since there is really that an another priority which is to save up those coins as much as you could on which this is something that would be ideal and preferable. You've been pretty aware about the opportunity and the chance that you could make money if you do just simply hold it up.

Although not all things that been holded would really be ending up on having that price increase when market turns out to be having a bull run but
since we are speaking or talking about Bitcoin then we do really know on what comes next.

Fortunately, people sell their bitcoin, it is essential and they can even think about selling because it is time, regardless of what will happen tomorrow, there does not have to be an emergency.  This is in the case of ordinary people who do not do commerce as their main source of income.

Then there are the merchants who simply make profits, they don't even think about it.

Although the adjective speculate is refers to bitcoin, You do not speculate with your decisions, if you have to sell just do it.

I agree that selling it without a good reason makes no sense. I would understand someone who bought wholesale at 15-20k range who want to sell at 60k+ and then use that money for something else could make sense. I can see why that would make sense to take profit, but if you are going to take it out and put it into another investment then don't do it, just hold it and it will go even higher.

However, if you have a proper cause, like you will sell and then you will close up your mortgage payments, then yeah that would make sense. Sure I would still prefer holding, because it can go so much higher and not only it will pay your mortgage but it would also pay you more on top of it, but if you do that, then that is not a bad decision neither.

The common goal in trading is to get profit. If you are already in profit and you are okay with it despite you don’t have any things that you will purchased using the money is still good to sell because your goal is already achieved.

Selling your asset is not about whether you already using it or not but rather if your trade is already successful. I’m only putting money that I don’t have things to buy using it on crypto just to simply grow it. I don’t need something to buy if I will sell my asset that already in profit because there’s always an opportunity to enter in the crypto market even if the price goes 100K and above.

When we are making an investment, we must have a focus on a particular direction on what we are doing, same also applies to when we are planning to make sell, we have to know that the particular time we are selling is profitable for us to release at the moment or not, I've learnt that we cannot just engage doing anything on our own without having any direction toward a plan for it.

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.