Yeah, you're right at the moment we're not supposed to sell bitcoin. We've got to hold on to it until bitcoin's half down and the demand pumps. So usually people who don't have much time to focus on cryptocurrencies carry out this long-term investment strategy. But for people with a lot of time, relying on crypto as their main income. Then I guess it will be more attractive for short-term investment or regular trading.
Topic: Halving is approacing: HOLD YOUR BITCOINS AND NEVER SELL THEM - page 5. (Read 2489 times)
January 14, 2020, 05:48:13 PM
January 14, 2020, 10:43:09 PM
~snip
My point is, even if Bitcoin reaches $100k, don't sell everything. Leave yourself an opportunity to become much richer in the future.
I am not sure enough to hold back my emotions for not selling all. First, if I buy a lower amount of bitcoin and if I get double the profit, selling everything is the right thing for me.My point is, even if Bitcoin reaches $100k, don't sell everything. Leave yourself an opportunity to become much richer in the future.
The reality is not many people can control their emotions and selfishness to hold bitcoin longer if prices rise quickly above 50% of the capital thrown into the market.
January 14, 2020, 05:27:07 PM
Whether people realise that not everyone uses bitcoin the same way they use it, I'm not entirely sure. Of example, if someone is a day trader, it doesn't matter to them whether bitcoin would be 100 percent in 6 months, as long as bitcoin goes up and down in a day they're able to buy and sell back and forth every day because it's their work and they want to do it that way. These people are long-term buyers, so they just keep it anyway, regardless of whether there is a halving or not. Some people just seek to live with crypto, get paid crypto, so spend crypto so they went digital in full. I don't mean that every person has to worry about halving.
January 14, 2020, 10:19:56 PM
Unfortunatly, while you are hodling, you dont have any profits. To get them you should find right date for selling. And i guess, after halving will be right time for that
I agree, "holding forever" doesn't make much of a sense, but if by "selling" you mean selling all of it, please consider the following. In July 2010 Bitcoin price went from $0.008 to $0.08. That was 900% increase. And maybe it looked like the right time to sell, but those who sold everything at the time were regretting it one year later, when the price was $30. Now, $30 looked like a really good price to sell everything at, because BTC went sharply down ending up at $2 level at the end of the year(2011). Yet, it was $266 in April 2013, and so on.
My point is, even if Bitcoin reaches $100k, don't sell everything. Leave yourself an opportunity to become much richer in the future.
January 14, 2020, 04:31:51 PM
Nearly 118 day left, date is not important. It just for showing the truth. There will be lots of halving its not the last one. It's important to focus on reality for holding motivation.
make a small saving for future, make a cold wallet now and just leave it out for years.
making a cold wallet and save a bit of bitcoin, it doesn't effect your, day-trading, sells and buys, gambling and your altcoin investments.
make a small saving for future, make a cold wallet now and just leave it out for years.
making a cold wallet and save a bit of bitcoin, it doesn't effect your, day-trading, sells and buys, gambling and your altcoin investments.
January 14, 2020, 04:04:55 PM
Halving is approaching and this time I still hold my bitcoin. I think there is a big impact on the price once halving will happen. Actually, people can decide to sell their bitcoin once in profit already. And also many expectation for the increase of bitcoin so as I am also being observant on bitcoin price to reach this year.
January 14, 2020, 12:28:40 PM
Never keep on hodling, sell your coins whenever you are getting good profit and exit. Current bull run is giving good opportunity to many people to exit. You may sell now or buy in next dip. Thats how smart traders play in crypto market.
January 14, 2020, 12:06:47 PM
Unfortunatly, while you are hodling, you dont have any profits. To get them you should find right date for selling. And i guess, after halving will be right time for that
You have lost your mind, holding gives you profit, as long as it is sold more than you bought it. You see, divide your profits of selling by the days of holding it, that is answer is your daily profit.
January 14, 2020, 12:02:59 PM
Unfortunatly, while you are hodling, you dont have any profits. To get them you should find right date for selling. And i guess, after halving will be right time for that
I agree, "holding forever" doesn't make much of a sense, but if by "selling" you mean selling all of it, please consider the following. In July 2010 Bitcoin price went from $0.008 to $0.08. That was 900% increase. And maybe it looked like the right time to sell, but those who sold everything at the time were regretting it one year later, when the price was $30. Now, $30 looked like a really good price to sell everything at, because BTC went sharply down ending up at $2 level at the end of the year(2011). Yet, it was $266 in April 2013, and so on.
My point is, even if Bitcoin reaches $100k, don't sell everything. Leave yourself an opportunity to become much richer in the future.
January 14, 2020, 11:42:13 AM
If you are a day trader or short term investor you must be made a profit by now, but if you are long term Investor HODL might be a good choice for you. I agree with OP's advice that everyone should create their cold wallet and start saving even though they are short term trader, at least in the future you have something that you can sell, but remember to keep your private key in the safest place.
January 14, 2020, 11:24:35 AM
If I buy my bitcoin at a drop price then I will definitely hold mine now, but if its not, then it is not the time to hold because you will not get that much profit at halving time. I will probably wait for next dumping, it may be happen? maybe for sure coz we saw a decrease these past few days so it is worth the profit much if we purchase at lower price before halving started.
January 14, 2020, 11:24:23 AM
Most investors have been waiting for halving for such a long time and I believe that it will bring a huge impact on the price of Bitcoin. That's the reason why I keep on holding my Bitcoins and I have been trying to accumulate more so I would have a chance to gain a good profit with the prices strikes high. Yes, the market is unpredictable but there's no harm in hoping for the best market situation.
January 14, 2020, 11:20:10 AM
May 14, 2020
129 days left
Nobody really motivates me for hold bitcoins, everyone talking about day-trading on twitter and reddit. I know that the price will rise and bitcoin will be a skyrocket again.
You can create a budget for day trading, altcoins and gambling. you can get your %10 -%30 or lose all your money in shitcoins. doesn't matter, it's not a bad thing.
But you have to create a bitcoin budget for holding forever. Create a cold wallet now and start to save.
your wallet has to be one way road, you can send bitcoins to your wallet but never let yourself to spend. You can use your other budgets. that's why we have them.
increasing your bitcoins does not has to be huge. you can save your bitcoins bit by bit.
Trust me, create a cold wallet and start to hold now. It's not hard.
https://bitcointalksearch.org/topic/i-am-pretty-confident-we-are-the-new-wealthy-elite-gentlemen-12156
The upcoming halving would definitely make a massive change on bitcoin's price and everyone is very hopeful about it. It is very vital that we start preparing our investment for it so that when it comes, we can make sure that it would be very beneficial and our long wait will be worth it after that. Although we are not really certain that it will boost bitcoin's value a lot, we should still believe that it would change the status of bitcoin wherein it will keep on rising instead of going down more often just like what we have now. 129 days left
Nobody really motivates me for hold bitcoins, everyone talking about day-trading on twitter and reddit. I know that the price will rise and bitcoin will be a skyrocket again.
You can create a budget for day trading, altcoins and gambling. you can get your %10 -%30 or lose all your money in shitcoins. doesn't matter, it's not a bad thing.
But you have to create a bitcoin budget for holding forever. Create a cold wallet now and start to save.
your wallet has to be one way road, you can send bitcoins to your wallet but never let yourself to spend. You can use your other budgets. that's why we have them.
increasing your bitcoins does not has to be huge. you can save your bitcoins bit by bit.
Trust me, create a cold wallet and start to hold now. It's not hard.
https://bitcointalksearch.org/topic/i-am-pretty-confident-we-are-the-new-wealthy-elite-gentlemen-12156
January 14, 2020, 10:52:59 AM
Definitely, Holding Bitcoin is a good option for any situation but what about the halving issue? forget about the halving, Bitcoin holding always is worthy for anyone because certainly, it will bring a good amount of money, but for me when the price of Bitcoin is high then Bitcoin should be sold, short term or long term holding it doesn't matter, we should wait for the convenient moment, so spending Bitcoin is not a good idea, for me, If we can hold until the Bitcoin halving then it may a good thing for every Bitcoin holders but price high is the main thing.
Indeed, bitcoin is always a place to invest in any case, the halving event is just a ray of hope to think that bitcoin will rise higher and sooner, so it will be effective or not, it's not so important when the end result is that the value of bitcoin will still increase with too high demand in the market, so much reference for the magical journey of bitcoin. And honestly, I don't have much appreciation for the topic that people talk when people think the halving event will help bitcoin go up, the demand for holding is so high and limiting selling in panic, this ratio will not help bitcoin can fly January 14, 2020, 10:45:59 AM
Unfortunatly, while you are hodling, you dont have any profits. To get them you should find right date for selling. And i guess, after halving will be right time for that
You have lost your mind, holding gives you profit, as long as it is sold more than you bought it. You see, divide your profits of selling by the days of holding it, that is answer is your daily profit.
Holding does not give you profit because the amount of Bitcoin you hold is still the same. You only profit if you sell it higher than the price you bought it. So no matter how we are incline to hold Bitcoin, profit only come when we finally convert it back to cash. And don't rush to sell your Bitcoin right after the halving because if we look at the history of Bitcoin, the time where it peaked its rally is a year after the halving.
January 14, 2020, 09:13:16 AM
Unfortunatly, while you are hodling, you dont have any profits. To get them you should find right date for selling. And i guess, after halving will be right time for that
You have lost your mind, holding gives you profit, as long as it is sold more than you bought it. You see, divide your profits of selling by the days of holding it, that is answer is your daily profit.
January 14, 2020, 05:40:13 AM
I understand the message of what op wants to send us. It's very plain that we just have to keep our bitcoins until the right time of selling it. Be it @$20,000 , $50,000 , $100,000 or more than that. Set a target price that you want to sell and hold it until it comes.
when is the right time to sell? it will be a waste of time, why not just trade the Bitcoin you have? great potential to get profits will be higherIt's not a waste of time to sell at the right time, it's effortless and worth it.
January 12, 2020, 05:54:16 PM
Yes, you're right that we shouldn't sell bitcoin right now. We've got to hold on to it until bitcoin's half down and the price pumps. And usually people who don't have much time to focus on cryptocurrencies carry out this long-term investment plan. But for people with a lot of time, focus on crypto as their main income. Then it might be wise to do trading I guess as it can bring you some good money.
January 13, 2020, 06:49:58 AM
Definitely, Holding Bitcoin is a good option for any situation but what about the halving issue? forget about the halving, Bitcoin holding always is worthy for anyone because certainly, it will bring a good amount of money, but for me when the price of Bitcoin is high then Bitcoin should be sold, short term or long term holding it doesn't matter, we should wait for the convenient moment, so spending Bitcoin is not a good idea, for me, If we can hold until the Bitcoin halving then it may a good thing for every Bitcoin holders but price high is the main thing.
January 12, 2020, 10:26:26 AM
I understand the message of what op wants to send us. It's very plain that we just have to keep our bitcoins until the right time of selling it. Be it @$20,000 , $50,000 , $100,000 or more than that. Set a target price that you want to sell and hold it until it comes.
when is the right time to sell? it will be a waste of time, why not just trade the Bitcoin you have? great potential to get profits will be higher Jump to: