HODL, HODL, HODL when can one actually sell Bitcoin? - page 13.

Oilacris

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Quote from: Greatest2020 on October 24, 2021, 04:27:34 PM

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?

Those are still unreliazed profits when you are still holding or lets say its still presumption or in that part because once you hadnt make out any conversion then it wouldnt really be considered as profits on general sense.

HODL is something that a person would do and profit taking is something differs with each person because not all would be having the same
percentage when it comes to their gains.

Some do prefer on several small percentage then they do hook up their profits and some doesnt really mind that much as they would
go for long term years.

ninkdwi

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Quote from: NicNacCoin on October 25, 2021, 02:53:04 PM

What actually benefits is a thing where no one succeeds completely. To date, no one has been able to succeed in cryptocurrency.No matter how good the market is, everyone here is frustrated and the day goes by. No one sells at the highest price and someone sells at a much lower price. In fact, they do not want to buy and sell Bitcoin unless they are in maximum danger Everyone wants to hold on.

I think you misinterpreted something, why they persist in fact it is not based on a sense of frustration.
because if they endured their frustration it would be impossible for billionaires and influencers to even bother to enter an industry like this. of course they already know the great potential so they are on this path.
apart from that maybe the frustration you mean is that you yourself are still holding coins because you still haven't gotten anything and don't take everyone in your excuses

Ziskinberg

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Quote from: NicNacCoin on October 25, 2021, 02:53:04 PM

What actually benefits is a thing where no one succeeds completely. To date, no one has been able to succeed in cryptocurrency.No matter how good the market is, everyone here is frustrated and the day goes by. No one sells at the highest price and someone sells at a much lower price. In fact, they do not want to buy and sell Bitcoin unless they are in maximum danger Everyone wants to hold on.

No, definitely you are wrong. Maybe you were frustrated so much and able to generalize by yourself and think what happens to you, is really what happens to others. Because the reality is that a lot of people have succeeded in the crypto industry. Just look how these whales making money from crypto, they are earning a lot, and have you said NO ONE?
Maybe you are right that no one is able to sell at the perfect time like during ATH but to tell you that so many investors/holders had the chance to sell their Bitcoins at a better price which obviously they got profit.

V-t.Ester

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This is one of the most complex issues. “HODL” is the easiest way that can help to earn money doing nothing. However the decision when to stop must be only your own. Technically, the right moment to sell is when BTC increased a lot, made a new ATH and is going to fall down (you probably know that after every ATH BTC is receding). This reduces might be different: several thousands, 10-15 thousands, more than 20 thousands. When BTC is down it’s time to buy again. But no one trader can say you for sure how high or low can rise or fall BTC.
In the life, the right moment for every person is individual and depends on his/her decisions.
Personally I think it’s better to hodl BTC like some stash for unforeseen circumstances.

NicNacCoin

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What actually benefits is a thing where no one succeeds completely. To date, no one has been able to succeed in cryptocurrency.No matter how good the market is, everyone here is frustrated and the day goes by. No one sells at the highest price and someone sells at a much lower price. In fact, they do not want to buy and sell Bitcoin unless they are in maximum danger Everyone wants to hold on.

Doell

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it's obvious mate the right time to sell it when you make a profit ,however as far as I know and understand Cheesy

is anyone who hodl bitcoin in the past would have been lucky to sell it today or in the future ,do you need money? otherwise you have to hodl on until you are sure it is the right time to let it go ,back to yourself mate

herurist

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ask your heart how long will you last.
no need to think about other people because they are just speculating and all decisions are in your hands because here we are free to do anything and without any coercion from anyone.
when other people hold it doesn't mean you have to be hodlers too.
This is a really simple thing but we still can't decide because we are fixated on other people.
when you feel you are enough in profit just finish your hodl and don't need to look at other people.

Yamifoud

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Quote from: Greatest2020 on October 24, 2021, 04:27:34 PM

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?

So many words to say HOLD and HOLD...
If you were about to make a satisfying profit, I think it was good enough to sell your Bitcoin. Greediness makes people decide to keep on holding even though they got a huge profit already. Well, I guess, it should have to be changed especially in this kind of market. We should have to act smarter and the fact that we never know what will happen next by taking the chance to sell them at a higher price than the buying price seems a great idea.

You can make your decision, anyway. But have to think about it twice or even several times so you don't have anything to regret.

DarkDays

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HODLing vs Selling is one decision an individual investor must make for his own.

There will be many regrets either way, just need to learn to live with them Cheesy

There isn't such a thing as perfect timing because that buy/sell will all be relative to the time of comparison... So don't be too hard on yourself, do what's right for you and learn to live with that decision.

Something for the context...

blatchcorn

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Quote from: Marvell1 on October 24, 2021, 10:46:32 PM

Everyone has their own target. Some will HODL until the target is reached, some will HODL until profitable, they will sell and buy when the price drops. I HODL bitcoin with 20% 30% of my assets, I only sell my bitcoins when there really is no other way, the remaining bitcoins I will hodl hodl till bitcoin reach 200k$.

Yes that's true. There is no precise answer of whats the ideal time to buy and whats the ideal time to sell. It all depends on your personal strategy. The main thing is you must not do greed when you are in profit, just set a target price and sell as soon as you are there. I still know people who buy BTC at 10k and still HODLing, waiting for BTC to reach 100k.

Slow death

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Quote from: UserU on October 25, 2021, 01:11:58 AM

Quote from: Dread Pirate Roberts on October 25, 2021, 01:06:24 AM

HOLD does not mean not selling when it is profitable. but rather to be consistent for the purpose of big profits. Compared to cutting profit every 5% or a few percent someone can hold longer to get a strong profit. the goal is not to be someone who are too afraid to make strong profit in crypto.

The smart ones sell when they profit and re-enter the market once it dips.

HODL or SODL, it's a zero-sum game.

this reminded me of the following that when the price reached $60,000 and then dropped a lot to $30,000 people who managed to buy at $10,000 and sold at $60,000 and went back to buy at $30,000 and now sell at $67000 are now having high profits, they get more bitcoins and more dollars if they convert their bitcoins to dollars, Is a good way to increase bitcoins with this strategy. of course there are risks, but I think it's a good risk worth taking

Raflesia

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_""""Duelbits""""_

If there is a profit, then sell it because it is the target.
If you still feel at a loss HODL.

The word is always easy to say but difficult to do because we are confused how much to sell and how long to HODL?
All of that must have a target if you have bought bitcoin at a low price and say your profit has reached 2x at the current price then sell it if you want to have short-term profits, if you want something different and feel the price of bitcoin 5 years in the future then HODL so both of these must be selected or both you can do.

samuraijin

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Quote from: Greatest2020 on October 24, 2021, 04:27:34 PM

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?

HODL until you feel it's enough, you can wait for the next 5 years if you want to sell it and get a bigger profit, but if you don't want to wait too long you can take a selling moment at the end of this year, so keep an eye on the market and don't be late to take decision to make a profit

BlackHatCoiner

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Quote from: Greatest2020 on October 24, 2021, 04:27:34 PM

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"?

You don't have to sell your bitcoins as they're money. You obviously have to spend them sometime, but not necessarily to exchange it for fiat. Most of the hodlers believe that it'll someday be the global reserve currency in which everyone will use for their daily transactions. They'll have a head start based on the assumption it will indeed achieve this level of adoption, because they'll have increased their purchasing power by a lot.

Also, bitcoin has managed to always get over its ATHs, so it'd be wise to keep them instead of spending them as they seem to worth more in the future. It is uncertain to know exactly when it's ideal to spend, but if your purchasing power was a function, you'd have to let your time parameter be as great as possible to reduce the risk of spending them in an undervalued price.

wxa7115

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Quote from: Greatest2020 on October 24, 2021, 04:27:34 PM

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?

At the end of the day is your decisions, you can sell whenever you want, but the reason people recommend to hold your coins is that the majority that sold all their coins have come to regret their decision as we have not reached the true potential that bitcoin can reach.

However there are people that are legitimately not interested in ever selling, so what those people are expecting is that something like what is happening at El Salvador happens in their country and they can use it wherever they want without having to convert their bitcoin to fiat.

pawanjain

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Quote from: Greatest2020 on October 24, 2021, 04:27:34 PM

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?

There's no right time to sell. You can literally sell whenever you want but whether you choose to sell it or not is completely your choice.
Never ask anyone else when to sell because you should only sell when it's necessary for you to sell.
If you are in need of money but still hold on to your bitcoins then that's your risk.
On the other hand, if you think the price is high and sell it when there's no need for you to sell it then that's your risk.

So this is why it should be very simple strategy to just sell when there is a 'need' for you to sell and until then keep holding your precious coins.

Zanab247

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Everybody has it own target in the market. Some bitcoin traders are waiting for the price to hit $100k or $200 before they can sell their bitcoin in the market. It is better to sell your bitcoin now, since the price just hited $65k, show that many bitcoin users will really earn well from their long year awaiting for the price to reach $60 before them can sell. Since the Christmas and new year is approaching, it will be good for anyone who want to sell his or her bitcoin not to miss this great opportunity because is good for long term and short term investment to sell and earn well from the market.
The market is looking beautiful for those who want to earn massive profits from their investment by releasing their coins for sale to be part of this suitable income.

Peanutswar

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It depends on your satisfaction regarding with your profit, sometimes people keep saying hold those are the one who bought with the lowest price and some of them are bought at the top and they don't have any kind of choices because they don't want to losses their assets instead of selling they hold their coins. The best way to know is use a technical indicators and analysis this gives you a hit regarding when is the right one to sell or not. If you are looking forward for the price of the bitcoin with 100k price it tooks a year.

sgenuine

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Quote from: Greatest2020 on October 24, 2021, 04:27:34 PM

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?

I am a long-term investor concerning bitcoin, so I am also sticked to the strategy of hodl. as for now I am just buying more on regular basis after every salary let me say. I am going to hold at least 5-10 years more. But when I see a huge bullish market in 5-10 years, I will consider fixing some profit as it is pointless to hold the whole life, we are to fix profit one day.

noormcs5

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Quote from: Greatest2020 on October 24, 2021, 04:27:34 PM

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?

I have seen the 2017 bull run so i can advise you from my experience on when to sell in this bull run. For sure, we can't have similar patterns which played in 2017 but if you see a massive bitcoin rally to 100,000$ - 150,000$ in a matter of a two weeks to one month, then it is time to sell all your bitcoins as that might be the top. However if we keep on moving slowly towards 100,000$, then there is no need to sell as bitcoin won't dump if it reaches targets like 100,000$ slowly and gradually.

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