Pages:
Author

Topic: HODL, HODL, HODL when can one actually sell Bitcoin? - page 11. (Read 1921 times)

sr. member
Activity: 1190
Merit: 250
There is no definite measure of how long we can afford to hold, for me if the market is still good and big profit opportunities can occur then hold is the better option, but if the market continues to drop then selling some is a good thing to avoid bigger losses.
hero member
Activity: 3094
Merit: 606
BTC to the MOON in 2019
You can sell at any time according to your heart's desire, don't think too much about what people say and people's statements. if the person says hold and others but you have made a profit do sell. because everyone has their own profit limit, and working independently is the best
Exactly. Learn to stand on your own decision because that will make you more responsible on whatever things you want to do. I think selling your bitcoin is probably your own choice when to sell it, either sell just a portion of it, or you sell the whole coin, depending on your needs. But i would suggest, set a price target first that is definitely higher from the price you bought it, wherein you can say that you've made a lot of profits. And when you think the price has already reached your target, then never hesitate to let go of your coins. After all, we tend to hold for long because of our aim of higher profits. And when its already there, start selling them. But its not necessarily that you should sell all your coins, if you think the coin will be more valuable in the future, maybe continue holding some of them for future profits.
hero member
Activity: 2268
Merit: 789
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?

This depends on the holder of such BTC and one's plans on their investment.

Let me ask you a question (assuming that you do stocks), when does one sell their stocks? It all depends on whether they are holding stocks of blue chip companies (long-term investment) or they do day trading (short-term investment). In BTC by just basing it on its price history, the trend is always upward. Though many have speculated that its price may increase more in the future, people HODL depending on their goals.

Personally, I HODL until the next fork which is roughly 2-4 years from now.
member
Activity: 523
Merit: 11
You can sell at any time according to your heart's desire, don't think too much about what people say and people's statements. if the person says hold and others but you have made a profit do sell. because everyone has their own profit limit, and working independently is the best
full member
Activity: 2142
Merit: 183
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?
That is why most of the participants in this market are very happy with the high price volatility of the cryptocurrency. If you use it wisely, you can make good profits from time to time. This means that you need to follow the basic principle of this market: sell high and buy low. That is, if the price of bitcoin has fallen to a certain size, you need to buy, and if it has risen sharply, then sell. But when, at what moments to do it, this is the essence of this market. Here, everyone decides this issue independently.
legendary
Activity: 2282
Merit: 3014
Whether you hold or "hodl" your bitcoins or sell them is entirely up to you.  There is no hard-fast rule that states you must do this or do that in order to sell that exists, so you do what you have to do.  That being said everyone is always saying "hodl" because that is how we will drive up the value of bitcoin.  By selling bitcoin  you are driving the value down. So this is why.
full member
Activity: 812
Merit: 108
Goals and expectations of return are important for any type of investment.  When you hold it long enough, the benefits become something valuable and meaningful.  Sell?  of course anyone can do it as a basic way of thinking.  Personally I will sell bitcoin only when bitcoin hits $100k not only for value but also for meaning I really want to see how bitcoin will change the world.
The greater profit potential comes down to timing.
sr. member
Activity: 1701
Merit: 308
In making investments of course we have a target of each individual if we have not reached a large profit sometimes we keep holding until finally it can be achieved, then the right time to sell bitcoin that we invest so far if the price is already considered the highest and we can see the profit that we have gained if it has not reached the maximum number then some investors still want to holding, And every investor must know how much profit has been earned even though they have not sold the coins they have, but the risk of the profits they get can increase or decrease if they do not sell at that time, then every investment must have a target.
member
Activity: 753
Merit: 15
mulierum.com
hold is good but we don't always have to hold the assets we have. we can sell it when the price goes up and can make a profit from it. everyone has their own record or benchmark to determine the desired price when selling or buying coins. Personally, I will look at the market first, if the market is really good and rising then I will sell it because I don't want to lose the moment and regret it in the end. so it really depends on each individual to want to set a price and how much the profit target that they want to get.
sr. member
Activity: 2436
Merit: 343
Keep holding as long as you can.

Most likely what that means is you do not sell your bitcoin unless you have to or are in need to.
Bitcoin will definitely increase in value we're already heading towards a cashless society.
Comparing off numbers in the past up to now then we could really say that Bitcoin is really worth of the investment? How about alts? We know that theres some exemption to that because not all alts are shit and garbage.There are still which does have potential.

Selling out your coins? then it is something for you to decide because not all do have extra money for them to solve out their problems
towards financial.

There are situations which you would really be having no choice but to deal and sell those coins on early basis,
Honestly, Holding was not an easy job to do especially when we don't have resources. It is sometimes there is a situation that pushes us to sell. i experience that one, yeah, it gives us no choice but to sacrifice them even the price doesn't look so good.

For me, holding long-term is just for those who have an established financial capability but for us as normal investors and traders, we mostly do selling when the price is peaking up and can't even wait for the ATH. It is really sad but that was the truth, rich people will become richer while poor people still poor.
sr. member
Activity: 2604
Merit: 338
Vave.com - Crypto Casino
Keep holding as long as you can.

Most likely what that means is you do not sell your bitcoin unless you have to or are in need to.
Bitcoin will definitely increase in value we're already heading towards a cashless society.
Comparing off numbers in the past up to now then we could really say that Bitcoin is really worth of the investment? How about alts? We know that theres some exemption to that because not all alts are shit and garbage.There are still which does have potential.

Selling out your coins? then it is something for you to decide because not all do have extra money for them to solve out their problems
towards financial.

There are situations which you would really be having no choice but to deal and sell those coins on early basis,
sr. member
Activity: 958
Merit: 265
Keep holding as long as you can.

Most likely what that means is you do not sell your bitcoin unless you have to or are in need to.
Bitcoin will definitely increase in value we're already heading towards a cashless society.
legendary
Activity: 2436
Merit: 1362
TBH, I am conjuring up a conspiracy theory.

Something Michael Saylor repeats, "never sell Bitcoin" is becoming more and more relevant.

So we know there is limited supply
and
we expect an increase in demand

I expect the demand is going to come from the elite and wealthy regardless of what governments
and law makers do.

If supply is restricted how are the elite going to get it? by scaring week hands out of their Bitcoin.

What could be happening now and for sure in the future, we could be selling our Bitcoin into the
hands of the elite and we may not be able to buy it back so easily....

HODL
member
Activity: 392
Merit: 10
There is no certain when I'm afraid. If there was, all of the investors in this market would be quite rich now.  Grin  I think that the most critical thing to do while investing into a cryptocurrency is setting a price target to sell when it is achieved. Because when we do this, we can prevent ourselves from being too greedy. And we would know when to stop by doing this.
sr. member
Activity: 2366
Merit: 305
Duelbits - $100k Bonus/week
It depends. I usually set a minimal threshold for profits and I close the trade once that crosses. At times, if I need money for my expenses, I close the trade and take out the money for expenses. I have seen many who do not even worry about it short profit. They do leave it for years as they don't depend on its short profits. So, yes you decide based on your situation. Long term (3 to 5 years) is always a best choice for huge profits.
sr. member
Activity: 966
Merit: 421
Bitcoindata.science
Hodl doesn't mean you wouldn't sell at some point the arithmetic in investment is once you get to a certain profit higher than what you bought you sell and wait for another dip to buy more. Cryptocurrency isn't a ponzi scheme it's an investment and if you must get the best of it you should treat it the way it is. The goal is buy low, sell high than you bought, wait to buy low again and sell higher again. That way you can also pay yourself while you are still holding
hero member
Activity: 1316
Merit: 502
Hold of course as long as we feel there is still a chance to skyrocket, and unfortunately today the market is red again, in investing of course we must have a clear goal, the most important goal is to profit, if we are still losing or there is an opportunity for even greater profit then hold is better option than sell.
But if skyrocketing always invades our perspective and thoughts, I probably won't find the end of my holdings and profits like a boat that doesn't see land and doesn't know where to retire eventually, there are many people who think a specific goal will solve the problems but it is a case of not paying attention to the market, once we have the attention, we always move that goal further after each old goal is completed. In general, we should not let the ambition of holding remain too strong, we need to moderate it and sell it when it is profitable so that the perfect money returns to the real world, instead of an unreachable virtual thing like crypto.
full member
Activity: 550
Merit: 100
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?
someone who says HOLD must have had a due date when selling bitcoins based on profit.

we don't have to imitate someone's steps to hold, but check the percentage of profit we get and we can apply the profit limit. from there we can forget when to sell bitcoin. So, if you have profit, sell it. it's simple and easy
sr. member
Activity: 987
Merit: 289
Blue0x.com
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?

     That's why it is important to plan everything before you jump into something. That is basic investment knowledge. This is where price goals and stop losses work well. Plan your investments properly and you will realize that there really isn't anything much to wonder about. Another thing that would make it easier is to figure out your financial status and to discern how much you value an asset and whether or not you can afford to part or not part with it. Read more, I believe it will benefit you a lot. Good luck op.
hero member
Activity: 1778
Merit: 709
[Nope]No hype delivers more than hope
Each holder has their own ambitions and they will spend theirs in the end. But they should also think about how they can spend it freely (acceptably).

To encourage community growth and accelerate mass adoption is to transact (spend) at least a small portion of the bitcoins you own as a form of interest you want to use and proof that bitcoin still functions as a means of payment. Of course, this is enough to contribute to the enthusiasm of some public services to involve bitcoin in their business.
Pages:
Jump to: