Holding is a great strategy when you're at a loss or you think the asset/bitcoin will go higher.
Typically it's also good for newbies to hodl a bit, and be wary of their first investment as it would give them experience of how the price behaves and where they should sell.
Finding a natural exit point is going to be difficult however not panic selling a crash might be a good idea (at least until the price stabalises).
Topic: HODL, HODL, HODL when can one actually sell Bitcoin? - page 15. (Read 1938 times)
Simply. And you don't need to follow what other people do.
Everyone has their own target of HODL.
Sometimes, they will HODL for about 5 years or wait for the next bullish season after the next halving.
Sometimes, they only need several shorter years to take profits.
Sometimes, they need to wait only some months to take profits.
Or sometimes, they only need to HODL Bitcoin for the next price target by selling step by step, not selling off all in at once.
So, it means that you yourself need to set up your own target, at what rate you will sell your BTC per percentage.
Everyone has their own target of HODL.
Sometimes, they will HODL for about 5 years or wait for the next bullish season after the next halving.
Sometimes, they only need several shorter years to take profits.
Sometimes, they need to wait only some months to take profits.
Or sometimes, they only need to HODL Bitcoin for the next price target by selling step by step, not selling off all in at once.
So, it means that you yourself need to set up your own target, at what rate you will sell your BTC per percentage.
good question and i doubt that people who are very fans of hodl will tell you the most logical answer possible, for most people who do hodl are just doing hodl without ever thinking about the day they will spend, it is something insane I know, but already I saw some people who do hodl saying they will never spend their bitcoin, I was shocked, I'm glad I always spend my bitcoin because I consider bitcoin as money to be spent whenever I need to buy anything
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?
In my opinion, the goal of the HODL philosophy is to make more profits compared to when you just sell after a short time period or after few percentages up. If you buy and already got a significant amount of profit, then the logic thing to do is to take profit at areas and zones that are thought out to be that top. Sell there, buy back later when price has corrected.
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?
We'll sell.How then do we say we have made money from it if we don't sell?
As long as you will sell at the price more than the bought price then that's it. We tend to say HODL if the market looks bad and even it's good but you think that there's more to it.
It's your decision and plan when you'll sell, there are others that are panic selling and cutting their losses even if they're holding bitcoin.
Sell it whenever you think you need to, remember though you can only sell it once!
be selective with something which is becoming rarer and rarer as supply reduces
and demand increases.
There are many different attitudes towards Bitcoin, some say HODL and never sell,
others spend it regularly, Bitcoin can be whatever you want it to be, eran and spend,
or earn/buy and HODL.
be selective with something which is becoming rarer and rarer as supply reduces
and demand increases.
There are many different attitudes towards Bitcoin, some say HODL and never sell,
others spend it regularly, Bitcoin can be whatever you want it to be, eran and spend,
or earn/buy and HODL.
If you bought Bitcoin from the price of something around $30k and wanted to sell at $60k, you made double already your profit, and that is your profit.
The important thing is you have a targeted goal of profit when you will sell it, because you will never gain profit if you will never sell it at a high price, if you hold 1 Bitcoin it will always be 1 Bitcoin.
So my question is, how much profit do you want to gain?
Because here is the fact, Bitcoin isn't solely the purpose of gaining profit or because an asset, it's a digital currency which good for an alternative as a payment system.
The important thing is you have a targeted goal of profit when you will sell it, because you will never gain profit if you will never sell it at a high price, if you hold 1 Bitcoin it will always be 1 Bitcoin.
So my question is, how much profit do you want to gain?
Because here is the fact, Bitcoin isn't solely the purpose of gaining profit or because an asset, it's a digital currency which good for an alternative as a payment system.
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?
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