Halving is approacing: HOLD YOUR BITCOINS AND NEVER SELL THEM - page 6.

TheCoinGrabber

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Well, I think the possible earning is worth the risk. Our money is not earning anything while we are holding but if we manage to sell at the correct time the profit might make up for the opportunities lost while the money is stagnant. Anything over 5%/year held would be nice.

Quote from: JeffBrad12 on January 11, 2020, 11:45:25 PM

Exactly, just sell it if people feels they already hit the price point they really hoped for. To hold recklessly without considering any possibility that the price might go down all over again is simply foolish. There are so many people back then that decides to risk that way even though the price has become overvaluated and as a result the massive dump of bitcoin at early 2018.

Yes, I think setting a target is key. Sure it might still rise after you've sold and that would make you feel bad a bit but at least you know you already have to money to buy for the next dip, which will come, eventually.

JeffBrad12

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Quote from: senne on January 11, 2020, 11:43:22 AM

I love how people just say... Never sell them!
Greed is in human nature. People just want to wake more and more while they forget to enjoy that money. I have seen that happening in crypto a lot. People will get rekt but won't exit from their investments till they have nothing left.
Always follow set targets and use the profits you have earned. Else why are you even trading if you just wanna keep it in your investment.

Halving is coming, speculation gonna take the price up. Earn profits and exit.

Exactly, just sell it if people feels they already hit the price point they really hoped for. To hold recklessly without considering any possibility that the price might go down all over again is simply foolish. There are so many people back then that decides to risk that way even though the price has become overvaluated and as a result the massive dump of bitcoin at early 2018.

hahay

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Quote from: tabas on January 11, 2020, 04:52:33 PM

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.

That is what it means, but we cannot assume that everyone has the same needs in this room because there may be some users who will only hold bitcoin for a mid term or maybe they will sell it when they need money quickly so that is also not a problem or other needs that might happen. But indeed, making a part of a long term investment for bitcoin will be better for us to remain patient because selling at peak prices is the main target for us.

tabas

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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.

huige007

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Quote from: beerlover on January 10, 2020, 11:15:05 AM

I don't know if you guys would agree with me on this one or not but I had another idea about halving. Instead of buying right now, I will wait until halving and after halving if price doesn't go up like everyone expects then there could be a lot of people who will sell their coins, which means price will fall. I will buy from that fall and after I bought it I will be patient, maybe it will take a week, maybe a month or maybe even couple of months but eventually it will go back up and I will profit.

Do you think that is too risky because price may continue to go up until halving, or do you think there is really a possibility of price going down in disappointment after the halving? Am I making it up and there is no way of something like that ever happening?

Bitcoin including whole crypto market has been in bearish phase for much longer time now and investors are exhausted by observing down graphs. All this hopelessness will boom if even after halving the prices don’t go up. That would not only be risky for the market but also very disappointing for the investors. I personally feel prices will go up in order to sustain market and you shall buy few coins in order to enjoy halving.

rekinthis

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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.

senne

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I love how people just say... Never sell them!
Greed is in human nature. People just want to wake more and more while they forget to enjoy that money. I have seen that happening in crypto a lot. People will get rekt but won't exit from their investments till they have nothing left.
Always follow set targets and use the profits you have earned. Else why are you even trading if you just wanna keep it in your investment.

Halving is coming, speculation gonna take the price up. Earn profits and exit.

lixer

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I am not entirely sure whether there is going to be an increase after the halving, I can’t really predict. I have seen a lot of people say what they think is going to happen, some have said that there’s going to be an increase and a few have said that’s not true that there’s going to be a decrease instead and they all have their reasons on whatever opinion they have.

I just don’t know who to believe, but after looking at the chart of price movement after previous halving I think I’m more on the side that there is going to be a rise. So I’ve been holding my coins and I haven’t sold them yet, it’s really been a long time.

beerlover

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I don't know if you guys would agree with me on this one or not but I had another idea about halving. Instead of buying right now, I will wait until halving and after halving if price doesn't go up like everyone expects then there could be a lot of people who will sell their coins, which means price will fall. I will buy from that fall and after I bought it I will be patient, maybe it will take a week, maybe a month or maybe even couple of months but eventually it will go back up and I will profit.

Do you think that is too risky because price may continue to go up until halving, or do you think there is really a possibility of price going down in disappointment after the halving? Am I making it up and there is no way of something like that ever happening?

fortunecrypto

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Very interesting chart and find, right now Bitcoin is at $8000 level and still moving forward, it's very tempting to sell if you bought Bitcoin at $6000 and there are reports of sliding back because some people consider this as an artificial pump, it's very tempting to sell some, and if many are thinking this way Bitcoin could go down again.

Magkirap

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Quote from: milewilda on January 07, 2020, 07:41:03 PM

Quote from: otto_diesel on January 07, 2020, 03:11:32 PM

Quote from: samcrypto on January 06, 2020, 05:29:14 PM

Quote from: iamsheikhadil on January 05, 2020, 09:27:24 AM

I agree to it wholeheartedly and I have started to save from now on that I will not a a single penny on gambling or anything and save till I have enough till the halving approaches so then I will not have regrets of missing of potential profits Cheesy

We should start doing this so no one will regret of not having a lot of bitcoin because the price is soon to go up. Though the chart shows that within a year bitcoin will goes high and high until it makes a new ATH, don’t expect for a big pump on a day of halving its still good to hold within a year after halving, that’s a safest time to sell.

yes its like self-fulfilling prophecy and its a reality. i think selling after the ATH not a bad idea but you can still hold for 3-4 halvings. its makes at least 10 years.

Each person do have its own set of goals on when they gonna sell.Some wouldnt even sell out even it do hit up its ATH yet waiting for more for higher price will most likely be done.For people who had bought on peak price like on 2017 will surely be longing for this period to come yet they would break even at least on what they had lost for that time.Hodling isnt bad but it shouldnt be on the point that you wont sell out on a specific price.It will vary from person to person though and as said i dont really expect too much that there would be a big price jump after halving but lets see on what would happen.

Holding really means that you will hold it until something happens, until the thing you expected has reached like for example after the halving you expect yourself to hold until bitcoin reaches its ATH but like what you have said it really depends on people but we should not hold without a purpose because it is lile you don't know what you're doing and you'll lose lots of opportunities due to lack of plan. You just need to have a plan for everything so that you won't miss any possibble profits.

milewilda

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Quote from: otto_diesel on January 07, 2020, 03:11:32 PM

Quote from: samcrypto on January 06, 2020, 05:29:14 PM

Quote from: iamsheikhadil on January 05, 2020, 09:27:24 AM

I agree to it wholeheartedly and I have started to save from now on that I will not a a single penny on gambling or anything and save till I have enough till the halving approaches so then I will not have regrets of missing of potential profits Cheesy

We should start doing this so no one will regret of not having a lot of bitcoin because the price is soon to go up. Though the chart shows that within a year bitcoin will goes high and high until it makes a new ATH, don’t expect for a big pump on a day of halving its still good to hold within a year after halving, that’s a safest time to sell.

yes its like self-fulfilling prophecy and its a reality. i think selling after the ATH not a bad idea but you can still hold for 3-4 halvings. its makes at least 10 years.

Each person do have its own set of goals on when they gonna sell.Some wouldnt even sell out even it do hit up its ATH yet waiting for more for higher price will most likely be done.For people who had bought on peak price like on 2017 will surely be longing for this period to come yet they would break even at least on what they had lost for that time.Hodling isnt bad but it shouldnt be on the point that you wont sell out on a specific price.It will vary from person to person though and as said i dont really expect too much that there would be a big price jump after halving but lets see on what would happen.

Karmakid

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Quote from: otto_diesel on January 07, 2020, 03:11:32 PM

Quote from: samcrypto on January 06, 2020, 05:29:14 PM

Quote from: iamsheikhadil on January 05, 2020, 09:27:24 AM

I agree to it wholeheartedly and I have started to save from now on that I will not a a single penny on gambling or anything and save till I have enough till the halving approaches so then I will not have regrets of missing of potential profits Cheesy

We should start doing this so no one will regret of not having a lot of bitcoin because the price is soon to go up. Though the chart shows that within a year bitcoin will goes high and high until it makes a new ATH, don’t expect for a big pump on a day of halving its still good to hold within a year after halving, that’s a safest time to sell.

yes its like self-fulfilling prophecy and its a reality. i think selling after the ATH not a bad idea but you can still hold for 3-4 halvings. its makes at least 10 years.

It is always a good idea to sell at the all time high price because you don't know if the price is gonna fall again or not. Holding your cryptocurrency is always an option but you should always remember that you should sell some if the price is expensive enough for you. Do not hold forever, try to unload sometimes to enjoy your hard earned profits.

angryswamp

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To be honest, just because there's a buzz or a bullish expectation due to the coming halving, don't keep your bitcoins. Hold on to your bitcoin because you see good reasons and you see good technique from the chart. Halving was a good past-based event for bitcoin but we can't see the future and we're not supposed to risk it all.

otto_diesel

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Quote from: samcrypto on January 06, 2020, 05:29:14 PM

Quote from: iamsheikhadil on January 05, 2020, 09:27:24 AM

I agree to it wholeheartedly and I have started to save from now on that I will not a a single penny on gambling or anything and save till I have enough till the halving approaches so then I will not have regrets of missing of potential profits Cheesy

We should start doing this so no one will regret of not having a lot of bitcoin because the price is soon to go up. Though the chart shows that within a year bitcoin will goes high and high until it makes a new ATH, don’t expect for a big pump on a day of halving its still good to hold within a year after halving, that’s a safest time to sell.

yes its like self-fulfilling prophecy and its a reality. i think selling after the ATH not a bad idea but you can still hold for 3-4 halvings. its makes at least 10 years.

samcrypto

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Quote from: iamsheikhadil on January 05, 2020, 09:27:24 AM

I agree to it wholeheartedly and I have started to save from now on that I will not a a single penny on gambling or anything and save till I have enough till the halving approaches so then I will not have regrets of missing of potential profits Cheesy

We should start doing this so no one will regret of not having a lot of bitcoin because the price is soon to go up. Though the chart shows that within a year bitcoin will goes high and high until it makes a new ATH, don’t expect for a big pump on a day of halving its still good to hold within a year after halving, that’s a safest time to sell.

fravia

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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.

otto_diesel

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Quote from: johant123 on January 05, 2020, 05:29:40 PM

For those who hold their coins in the long term (my plan as well), doesn't it make sense to sell them at the (potential) top after the halving, and re-buy them after the (inevitable) dip after the hype settled down?

it's called trading bro. you can trade your bitcoins, but it's a wallet for never sell. (it doesn't mean you have to hold till the grave)

johant123

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For those who hold their coins in the long term (my plan as well), doesn't it make sense to sell them at the (potential) top after the halving, and re-buy them after the (inevitable) dip after the hype settled down?

bdivrik

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The market was waiting for this date. We used to count days in fork. But the bitcoin prizes of the miners are more important than anything else. This does not raise the price immediately. However, the expectation that the price related to everything will increase will increase.

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