Topic: HODL, HODL, HODL when can one actually sell Bitcoin? - page 7. (Read 1921 times)

Based on the current market situation, we should hold our bitcoins and other crypto assets while market is down and wait until it recovers again. If the market is good, selling of bitcoin is depends on you who buy and invested because you are the only one who knows if you already gain profit or not yet. If you are a long term holder, I think you have a very high target value before selling your bitcoin but as a trader you will always  ride on the market movement which is sell at high and buy at lower price in order to accumulate earnings.

We decide when we should sell our bitcoin. Most people will sell their bitcoin when the price reaches a high peak to make a profit. But some people sell when the price is going down to cut their loss not become bigger. If you think you already make a profit from bitcoin, that will be the time for you to sell bitcoin and enjoy your profit. But if you believe that in the future, bitcoin price can soar higher than now, you can still hold bitcoin for more.

If you want to play the game of trading,,, then you always sell for a target you decided on way before you even place the order. So it is pointless to think after you buy whether now is good or above 60 is good.

I feel the decline is going to worsen by the weekend as we already touched 55k and I am sure that we can even go lower until all the panicked people have sodl their BTC.

Only then can the hodlers relax a bit.

I do understand what you are saying, but I still see both as gaining profit. The sole thing behind it is that, the price per one Bitcoin continues to increase making it more valuable and whether you are selling it for Fiat profits or HODLing it and spending out of it for purchases, it still bores down to profit. I do however understand why some of us might want to HODl for longer because the Pizza guy wouldn't have done what he did if he understood Bitcoin would be what it is today.   

This is the psychological aspect of human nature. We do not sell at higher prices because we think that prices are going up and they could go more in upward direction. When prices are down, we want to sell quickly because we fear that prices can decline further. We need to work out and change this behavior if we need to be successful in trading.

Does bitcoin have time to sell. Bitcoin don't have specific time to sell anything, bitcoin is like money in the bank when you have problem or when you something important to do with money you and withdraw. Any time problem come up you can sell you currency to get money and solve the problem.

what you are doing is right, because you get the benefit. although it may not be what you want after seeing bitcoin continue to rise high. but you can do it again because there will always be an opportunity to be able to profit from bitcoin if you want to hold it for a certain time.

everyone will always have mistakes in making every step taken, actually it is natural if you have made a profit to sell and buy back when there is a correction so that there will be an opportunity to be able to enjoy increases in the future.

yes, I agree with you patience also plays an important role in every step that will be taken. but overcoming when the price has gone up so as not to sell is also as big as wanting to sell. but then again if bitcoin there will always be a chance to repeat again because bitcoin will always reach renewable ATH.

the desire indeed to sell as much as possible at the best price, but sometimes also not to always expect too much but by getting a reasonable profit is something good too. after that to continue to see if there is a correction to buy immediately.

Yes, the price is not expected to be corrected too deeply. but I agree that there will always be opportunities for bitcoin to reach even higher prices. Renewable ATH is not a strange thing that bitcoin can do as long as we are willing to be patient for it.

Correct. should sell at $66k to be more of a recommendation than selling now.

yes, but it's not wrong if you see a declining price then sell and wait for a lower price to buy it. however, now a dump has occurred, and must think about what steps to take. Personally, I still keep the assets I own. I still believe that the price will go up high in the next few days.

The correct time is when you achieve your set target. And if you failed to sell it because of FOMO, then obviously you need to HODL it again till the time it hits your set target. And this time control your emotions.

depend on how long you wanted , best to indicate your timeframe and not just focus in complete Holding like what the early adopters did, they are great in holding because their capital is just peanut , the amount they use to purchase are the funds we use to called " Can Risk to Lose" but nowadays that the value of Bitcoin is thousand dollars? i don't thin everyone can say that is something they can afford to lose.
In time that you sell that is the only way you can evaluate your profit so meaning it is your holding that will decide.

Currently the price is declining, if you're going to sell at this point it will look like you're afraid of further dip. Why not selling when the price is above $60k?

Anyway its up to us, so you can sell if you're happy with your gain profit, otherwise continue to hold. Certainly the price will increase and reach another ATH in the future but it will take time thus patience is a must.

My plan is to sell at the end of this cycle but when that is I dont know
I have a target of 100K Btc and may start taking profits then depending on what the market is like
Other than that I will see if and when the market is over heated and fomo has kicked in like in April this year or December 2017

Of course all this looking abstract at the moment 

You should have sold when it's on the top and it's the time to buy, the price has been dropping. You hold what you have and keep it while buying again.

The aim for $100k is still there and we still have the month of December before this year ends.

That's still profit for you. 

Considering the current prices of the top of the crypto in the market I don't think so that it is time to sell because if I am the one who hold bitcoin or Ethereum for a quite long time and today for me is definitely a time to hold because I am very certain that bitcoin will going to hit a $100k ATH, maybe not this year but hopefully at the Q1 next year. For me this time is the perfect time to acquire your favorite top coin because of the price correction that takes place recently.

I guess it's time to sell, then buy the dip. Well lost few hndreed few days ago longing this, arghhh Well, Bitcoin this year might hit 100k, or not but it will surely go beyond 100k in 3 years time. So hold it if you can, well I bought bitcoin with $1200 sold it $1600, lol yeah back in 2015.

yep yep, the question is how much profit you want? how much profit you gain, is the answer of when the right time we should sell bitcoin. its about profit, 0.01, 0.1, or what number it is as long as you get it.
the problem is when we can satisfied our desire? people have own thought and regret.

The main thing to set when we are going to invest is about the goal and target.
We may no need to hold them along our life. But we need to set the certain oeriod or even set price to target and when reaching the price,we can sell them. Eventhough it is done in several steps or all in to sell.
Or if we are a long term investors, we can set this for some years laters.

if it is our intention to invest then of course we will need a longer time to hold the coins we have. wait until the price is really high and it will take a long time to invest. but if our intention is to trade then I think if there is a moment when the crypto market is rising then we can sell it, we don't need to hold on for long because we must to take advantage of the moment when the crypto market goes up well. when the crypto market goes up then selling it is a good thing.

Indeed. It is still depends on an individual if when they're going to sell or hold. Everyone will obviously have their own analysis and they will obviously know when to do HODL or not. Hold is a common strategy when investing, as long as there is hope for profit, hold is better than selling. It will also depend on the coin you are holding. I suggest that holding is much better until you reach your goal but, there's a time also that selling is necessary, so, it will depend.

If we have patience and already have stable finances, there is no problem holding in the long term to be able to generate large profits. However,
if it is difficult to be patient and in need of money in the near future, it is recommended to take profit with a small percentage. As you said, being able
to take a profit of 2%-3% is already very good, if it is done regularly then if it is accumulated it will be big too. So holding is not always better than selling,
it all depends on everyone's strategy. Therefore, try to think carefully about what strategy suits us best, because indeed everyone has their own way of
making profit from Bitcoin.