Probably the only answer to this question from the op would be:
It is all dependent on an individual.
Why do you think there are so many exchanges and defi services offering you high interest rates so to hodl your bitcoins on their platforms.
Cause they know something is good with bitcoin and they would want to use them for leverage trading where ever they transfer those holdings too.
So for me, it would be never.
HODL til you die!
This is my philosophy when someone poses this question to me at the very least.
Topic: HODL, HODL, HODL when can one actually sell Bitcoin? - page 8. (Read 1921 times)
That depends, to be honest it's not really good for an individual to base their decisions about when they're going to sell their bitcoin or cryptocurrency because if you do so, you're bound to fall flat when things go to an unexpected turn like the prices starts pumping up again. The best thing to do is to assess the situation check if there's a possibility that the prices might go much higher or an easy one would be to see if you have any urgent need and that you're going to be needing money, if not then just hodl it and let it sit there for awhile.
Just like me on which i dont really stress out myself or setting up some goal whether on what price it would be selling on because this is something that could really be stressful.I would be selling if i do see that i could really make out some profits whether on a long term prospect or on short term.It will really varies on someones decisions whether
they do hold for long term or would like to sell for short term so it will vary on each person because we dont have the same mindset when it comes to that.
Hold is a common strategy when investing, as long as there is hope for profit, hold is better than sell, although we are free to sell but most will regret seeing the price skyrocket after selling, and this is the best strategy than daily trading.
2% profit strategy is also good 3 times a week where profits are compounded so you aren't forced to make profit daily.
Holding is good if you're interested in the cryptocurrency more than its fiat value and aren't worried about it being changed.
You said Hodl is better than selling: I disagree with this, sometimes selling is necessary.
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?
When to sell… it is because of the situation in life. Do you need the money to pay for something? Or do you need the money to buy something for fun, than you can sell. Even if you are very old, you can give your Bitcoin to your family. Nobody of us will live so long until Bitcoin has been mined all 21 million coins.
Source: https://twitter.com/techdev_52/status/1441423015758241793
Make a hold based on your timeframe and profit target. For me, hold has a basis, meaning we invest in the long term and in the long term we have to determine the percentage of profit. If it has been achieved we have to sell it, no need to hold back anymore. If we continue to be swayed by further market spikes, the outcome will confuse us with a decision to hold.
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?
For a couple of weeks now we all have seen the high fluctuation in Bitcoin price this should give the holder a strategy on how to hold their coin. The goal is to make profit so never allow greed eat you up. When there is a major drop in price it's an indication you buy once you have gotten some profit above the price you bought sell and wait patiently for another dip to buy more. The market is never in a stable form it's always volatile so taking advantage of both the bull and bear season will help you know how long to hold and when to sell How then do we say we have made money from it if we don't sell?
That depends, to be honest it's not really good for an individual to base their decisions about when they're going to sell their bitcoin or cryptocurrency because if you do so, you're bound to fall flat when things go to an unexpected turn like the prices starts pumping up again. The best thing to do is to assess the situation check if there's a possibility that the prices might go much higher or an easy one would be to see if you have any urgent need and that you're going to be needing money, if not then just hodl it and let it sit there for awhile.
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
Spend it or hold it that's your own choice but in my opinion we should be clear on what is the time to sell our bitcoin because some people saying they will never spend their bitcoin, I was shocked too. Is it good? to saving too much and dying with the money in the bank. Either overspending or either Over saving why we don't know how to handle our money better. Some are think money once spend cannot be recovered then here's an unpopular question why earn money if you cannot spend it?
Once the price of bitcoin is above the price you bought it and have made significant profits you can sell if you need money for something else aside investing. But again it far more better to hold than to sell as your present profits becomes your capital if the price keep rising.
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?
obviously selling when the price has reached the peak of ATH, how to determine the peak of ATH? obviously it will be difficult to determine the exact time we will do. but actually when you get a profit that we think is worthy then that's when you can immediately sell it !!! and wait again when bitcoin corrects to buy and prepare to sell it again when it is also worth it.How then do we say we have made money from it if we don't sell?
Actually its fully up to you because you should trust in BTC will hit 100k$ very soon. So suppose you bought BTC in 50k$ time you can sell when it will hit to 65k$ and you also can hold for batter time. As market does too much fluctuate, you can wait for next low time for investment. So finally its up to you.
yes, if you believe that the ATH that will be formed is $100K, it's even easier to determine when to start selling it. because you have determined the estimated price that will reach $100K. just wait when bitcoin will reach $100K, because it is certain that bitcoin will be able to reach it.if you have reached it it is wise to immediately sell it and wait for bitcoin to correct when you want to buy it, for sure bitcoin will form renewable ATH and that's for sure.
So I keep hearing HODL, HODL, keep holding and all that. My simple question to everyone is "when is actually the right time to sell Bitcoin or we don't ever sell it"?
How then do we say we have made money from it if we don't sell?
How then do we say we have made money from it if we don't sell?
Actually its fully up to you because you should trust in BTC will hit 100k$ very soon. So suppose you bought BTC in 50k$ time you can sell when it will hit to 65k$ and you also can hold for batter time. As market does too much fluctuate, you can wait for next low time for investment. So finally its up to you.
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?
What's your goal? You should be a holder till you reach your goal. Then, you can sell it! It all depends on you; it's a personal matter!
it all depends on each person. each holder has a different strategy and different goals. HODL until you get a double or triple and then want to sell all or only sell some. there are also those who sell when they need money.
everyone will obviously have their own analysis and they will obviously know when to do HODL or not.I agree with what you said that holders obviously have strategies that will differ from one another. depending on what you want to do, because there are those who HODL only for a short time and sell it when they get a profit that is considered to be in accordance with what they want, and wait for an opportunity to buy back after there is a correction and repeat for the HODL.
but it is possible that the desired analysis cannot achieve with what is planned to continue to HODL until it gets a profit at the right time, because the final state must be sold before reaching the main goal. everyone's circumstances will be different in doing HODL.
Hold is a common strategy when investing, as long as there is hope for profit, hold is better than sell, although we are free to sell but most will regret seeing the price skyrocket after selling, and this is the best strategy than daily trading.
depend in which coin you are holding , skyrocketing is very few to happen and that means one thing , hold the coins in which you think has potential and never find yourself trust shitcoin and also Meme coins.But the topic is about bitcoin and that is worth a HOLD even how long you wanted .
it all depends on each person. each holder has a different strategy and different goals. HODL until you get a double or triple and then want to sell all or only sell some. there are also those who sell when they need money.
Hold is a common strategy when investing, as long as there is hope for profit, hold is better than sell, although we are free to sell but most will regret seeing the price skyrocket after selling, and this is the best strategy than daily trading.
depend in which coin you are holding , skyrocketing is very few to happen and that means one thing , hold the coins in which you think has potential and never find yourself trust shitcoin and also Meme coins.But the topic is about bitcoin and that is worth a HOLD even how long you wanted .
This is individual opinion, just because some certain people will always shout hold hold hold don't mean you should do the same, everyone has price target and what they aim to achieve, you can sell wherever you feel it is comfortable for you, probably sell some percentage and keep holding rest for a longer term.
to sell it is better to sell a few percent and the next is to hold until the price is really in the best position. because everyone has a different target price and my opinion is that one should have at least a deposit in the amount of coins.The best strategy in my opinion is to sell capital or money that we have used to buy, for example we buy bitcoin with a capital of $500 and then get more than 50% profit then selling some is a good thing so when the market drops then we only keep bitcoin profit, and this I usually do when I buy altcoins.
This is individual opinion, just because some certain people will always shout hold hold hold don't mean you should do the same, everyone has price target and what they aim to achieve, you can sell wherever you feel it is comfortable for you, probably sell some percentage and keep holding rest for a longer term.
to sell it is better to sell a few percent and the next is to hold until the price is really in the best position. because everyone has a different target price and my opinion is that one should have at least a deposit in the amount of coins. 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?
Profits that hadnt been self off is called unrealized profits which means there's still tendency for those profits to be lessen if the market tends out to go into the opposite path.How then do we say we have made money from it if we don't sell?
HODL is something that you couldnt really easy to do considering that there are lots of factors that do affect your decision or mindset towards holding for long term.
Also, we do have different level or goal in mind on when to sell if its already enough or considerable on making such step or wait for more longer.
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.
This is what I've failed to do when BTC is still at $30k. I could have bought fractions of it and have made good profit when it touch down at least $60k, but I didn't.
Each of us have our own target profits, but we have to be aware of the risks and volatility that BTC had from the past until now. Profit is profit no matter what, at least we would be happy to win rather than losing a lot.
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