Topic: HODL, HODL, HODL when can one actually sell Bitcoin? (Read 1934 times)
You can trade it at any point, just keep a set goal in mind about how much you want to earn, and it should be fine. Remember, you can only sell once.
So I keep hearing HODL, HODL, keep holding and all that. My simple question to everyone is "when is actually the right time to sell Bitcoin or we don't ever sell it"?
How then do we say we have made money from it if we don't sell?
When you make a profit after buying something, you will sell it. And if you have a lot of losses after the purchase, you will hold on.You hold on until your profit is coming.I don't think there should be a long-term hold. I bought a lot of things and held on for a long time. The market grew enough and I made a lot of profit but I didn't sell.Now the market has drawn a lot and I have lost a lot from my original profit. That's why I say if you have a little bit of prophet in something, you will give it up, never hold it for a long time. How then do we say we have made money from it if we don't sell?
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When you are a holder then seeing or checking the market very often would might really be affecting your long term goals or perspective specially if you do see that the market is declining then it cant really be avoided not for you to worry since we are just human beings and doesnt really want nor like to see our portfolio is going down then having reactions
would be normal but of course when you are experienced enough then you would see these scenario to be the sweet spot for you to get in and this is where
decisions really vary on each one of us.
I hope you are not a person who looks at the market every few minutes, because everyone holds it differently from traders, they are looking for a moment where they think that price is the strongest to get 100% profit and will wait a long time again to buy by waiting for the level bitcoin fall that may be very extreme and maybe this is what the whales call 
When you are a holder then seeing or checking the market very often would might really be affecting your long term goals or perspective specially if you do see that the market is declining then it cant really be avoided not for you to worry since we are just human beings and doesnt really want nor like to see our portfolio is going down then having reactions
would be normal but of course when you are experienced enough then you would see these scenario to be the sweet spot for you to get in and this is where
decisions really vary on each one of us.
Holders and traders are two different things and I don't think they should be the same during a market correction. Holders tend to ignore price volatility but traders will be very active in monitoring the market during corrections. In this case I seem to agree with you.
I don't know the reason why holders would sell their assets during a correction, but traders will most likely do it just to secure their capital so they don't lose too much. It all depends on the respective strategy, so even though profit is the goal of both, their targets and behavior in the market will be very different.
Traders can sell their assets in order to buy them later at a better price and get profit from these transactions. The holder will never do this, because such manipulations are always accompanied by risks, and holders do not need these risks. They are confident in their assets and are waiting for their goals no matter what happens in the market. I don’t worry at all about the bitcoin that I hold, but there are definitely concerns about altcoins. I don't know the reason why holders would sell their assets during a correction, but traders will most likely do it just to secure their capital so they don't lose too much. It all depends on the respective strategy, so even though profit is the goal of both, their targets and behavior in the market will be very different.
I hope you are not a person who looks at the market every few minutes, because everyone holds it differently from traders,
Holders and traders are two different things and I don't think they should be the same during a market correction. Holders tend to ignore price volatility but traders will be very active in monitoring the market during corrections. In this case I seem to agree with you.I don't know the reason why holders would sell their assets during a correction, but traders will most likely do it just to secure their capital so they don't lose too much. It all depends on the respective strategy, so even though profit is the goal of both, their targets and behavior in the market will be very different.
I hope you are not a person who looks at the market every few minutes, because everyone holds it differently from traders, they are looking for a moment where they think that price is the strongest to get 100% profit and will wait a long time again to buy by waiting for the level bitcoin fall that may be very extreme and maybe this is what the whales call
Hodl when you buy when the price is low and hold it until the price rises to your liking or target to resell it for a satisfactory profit, and also no matter how long you wait. And as long as you haven't made a big profit, you will continue to Hodl.
Hodl is the best way to get a satisfying profit, but it must require strong patience and if you choose bitcoin for Hodl and for the long term nothing is impossible you will definitely get a good profit and most importantly be patient.
HODLING is something on someones preference but we know that there are indeed people who do really keep an eye into the price on where on the time that they had made out some profits in a short time then theyHodl is the best way to get a satisfying profit, but it must require strong patience and if you choose bitcoin for Hodl and for the long term nothing is impossible you will definitely get a good profit and most importantly be patient.
will really be having that kind of decision on selling for profits and repeat on the same thing on where the price drops then doing the same basic buying decision and repeat.So its a matter of choice whether you do
make yourself a long term hodler or a short time ones but if we do speak on the real thing then having short time decisions earn more than to those people who do hold up for long term.
Hodl when you buy when the price is low and hold it until the price rises to your liking or target to resell it for a satisfactory profit, and also no matter how long you wait. And as long as you haven't made a big profit, you will continue to Hodl.
Hodl is the best way to get a satisfying profit, but it must require strong patience and if you choose bitcoin for Hodl and for the long term nothing is impossible you will definitely get a good profit and most importantly be patient.
Hodl is the best way to get a satisfying profit, but it must require strong patience and if you choose bitcoin for Hodl and for the long term nothing is impossible you will definitely get a good profit and most importantly be patient.
So I keep hearing HODL, HODL, keep holding and all that. My simple question to everyone is "when is actually the right time to sell Bitcoin or we don't ever sell it"?
How then do we say we have made money from it if we don't sell?
Actually selling your crypto coin depends on you, almost everybody have his/her own target price, so once the target is met they sell off, and sometimes many holders do check the market condition, if they have a very good reseanable profit, they sell off and take the profit and also invest in another coin or wait until the right time to buy again. How then do we say we have made money from it if we don't sell?
I think many people used hold to avoid losses from the market. If you want to go far in profit making in the community, you need to understand how to apply hold in the bear market so that you will be part of those that hold when the price was decreasing in the market which is not favourable for people to sell in the market. The best time to sell is when the price move higher to a level where both short term investors and long term investors will be rushing to sell to be part of the progress in the market.
The main scenario is to take profit if you have hit the target, and the second scenario is that you have to remain a holder regardless of price volatility especially if you want to take profit in the long term.
In my opinion, bitcoin holders who started investing in bitcoin in 2010 to 2015 some of them have sold bitcoins in 2017. While investors who bought bitcoins in 2018-2020 have sold some of their bitcoin in 2021 and 2022, it may happen during the ATH period though we're not really sure how many bitcoin they sold. Investment does not require us to continue to hold as long as we feel there is a profit to be gained by selling it. If we want to secure the initial capital, then we only need to sell some of it while the rest will continue to be kept safely as a long term investment.
In my opinion, bitcoin holders who started investing in bitcoin in 2010 to 2015 some of them have sold bitcoins in 2017. While investors who bought bitcoins in 2018-2020 have sold some of their bitcoin in 2021 and 2022, it may happen during the ATH period though we're not really sure how many bitcoin they sold. Investment does not require us to continue to hold as long as we feel there is a profit to be gained by selling it. If we want to secure the initial capital, then we only need to sell some of it while the rest will continue to be kept safely as a long term investment.
Hodl is a word for the wise. If you intend to hold when the hype is extremely high you might loose the potential of taking profit and getting dump on. You need to study the market very well, when lots of people are calling in for $100k per bitcoin and media are also hyping it, you should know that that's not the best time to hodl, when the market is fearful that's when to buy and hodl just like how the market is right now
of course when we already have a profit or a return in our investment. And it's quite funny to see a question asking, should we never sell it. Then what's the point of investing? I'm sorry, but for me, questions like this should never be asked because the answer is too obvious
You are absolutely right, the answer above of course has got the right answer that someone can sell it according to the target of their respective sales orders and must have gotten enough profit. But it is also possible for someone to ask the question above to review some of the unique answers that suggest long-term holding when it reaches ATH in the next few years. So I keep hearing HODL, HODL, keep holding and all that. My simple question to everyone is "when is actually the right time to sell Bitcoin or we don't ever sell it"?
How then do we say we have made money from it if we don't sell?
How then do we say we have made money from it if we don't sell?
First of all, tell me, brother, why you should depend on someone's call when you should sell bitcoin. Is this question legit? When you should sell, just decide for yourself because you know when you need money or when you think you have made enough profit. Now you can take your money by selling. Asking someone about selling is like asking someone to eat your food. This question always makes me laugh. Don't take my word wrong, I'm just trying to understand by jn in a fun way. Because selling bitcoin on someone's call and then blaming him because the coin price is up after your sell So I think it's quite bad. It's my opinion. Thank you.
The word HODL, HODL is a good one as an long term investors, assume you bought Bitcoin 2013 at $66 and keep hearing HODL until last year Nov. 2021, Bitcoin reach $68,000 for good 8 years HODL difference, that is good profits return, which in few years coming bitcoin price may be $100,000 plus and no one can tell, in other words have a target while investing, patients is the only way to win, and don't be a panic seller to loose.
So I keep hearing HODL, HODL, keep holding and all that. My simple question to everyone is "when is actually the right time to sell Bitcoin or we don't ever sell it"?
How then do we say we have made money from it if we don't sell?
How then do we say we have made money from it if we don't sell?
The main reason why most of the time we keep on hearing HODL is because people are convincing others that the coin has the potential but you still have to decide for yourself. And we all know that bitcoin is something and it's unique. And when is it actually the right time to sell? of course when we already have a profit or a return in our investment. And it's quite funny to see a question asking, should we never sell it. Then what's the point of investing? I'm sorry, but for me, questions like this should never be asked because the answer is too obvious
There is no point in holding when you are not spending the profit. I agree to this. There is no best time to sell or buy Bitcoin as long as you need it. Or if you have set something like a 50% profit, you will now sell your coin or buy more. My personal strategy was to go for 50% and cut my losses at around 60% too, but cutting losses depends if there are no developments to or new updates to the coin.
I have seen many traders do this but it is too risky as we cannot tell if bitcoin will go up or down it is all guesswork. This should only be done when you are a professional chart reader and willing to take the risk.
in crypto is always full of risk and we must have planted it from the start before taking action.
There is no point in holding when you are not spending the profit. I agree to this. There is no best time to sell or buy Bitcoin as long as you need it. Or if you have set something like a 50% profit, you will now sell your coin or buy more. My personal strategy was to go for 50% and cut my losses at around 60% too, but cutting losses depends if there are no developments to or new updates to the coin.
I have seen many traders do this but it is too risky as we cannot tell if bitcoin will go up or down it is all guesswork. This should only be done when you are a professional chart reader and willing to take the risk.
It depends, lately there is a recession in the United States, a fear that could be fulfilled and affect the price of Bitcoin. I have found some information, unfortunately it is in Spanish, but there is nothing that the translator cannot do.
Here the source (Spanish): https://www.criptonoticias.com/finanzas/recesion-eeuu-miedo-podria-cumplirse-afectar-precio-bitcoin/
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