HODL, HODL, HODL when can one actually sell Bitcoin? - page 9.

cheezcarls

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Quote from: sheenshane on October 24, 2021, 04:52:14 PM

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.

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.

worldofcoins

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Quote from: stadus on November 01, 2021, 01:01:23 AM

There's no sense of holding if we just don't benefit from it.

Hold and sell, that's the right term, I think there's no one even the richest in the space that has not to sell his/her bitcoin yet, one has to enjoy the profit as bitcoin does not have a value if we will not enjoy it and its profit for investing. So in my case, I'll certainly see my bitcoin once I'm satisfied with the profit, simple as that.

I've read an article about a company "Stock exchange company" that has their workers buy a certain stock and they don't sell that stock but just "HODLL"
Even if the stock goes 10x or 100x, they are supposed to HODL it, I can't remember much but they always make a profit through this strategy.

Looking at bitcoin, Its market cap is quite low compared to combined stocks, So a whale can manipulate the Crypto market quite easily compared to what it can in the Stock market.
So keep on Holding bitcoin leads to avoidance to trends that are meant to be manipulated by Whale or Whales.
You might be making money or losing money while the trend lasts but you'll bet according to Perception of the whale and thus you lose in long run, even if you make money in the short term.

shield132

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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?

And why do you care about someones advice in trading? This is very personal thing, when you think that it's good time to invest, then invest and when you think that it's good time to sell, then sell. Some people sell when they see the profit that they would like to keep and some people even buy high sell low, this is the category of people who want profit overnight.

But one answer that I want to give you is: Check the statistics of Bitcoin's price, check it from the very first moment to the current one and I believe then you'll find the answer, why everyone suggests to HODL and why you'll never know when to actually sell it. It went from some cents up to 67K! See, more than 67000x profit.

Mahiyammahi

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You wanna sell or HODL it depends on you. Main fact is how much you wanna booked your profit. If you just sold it now and BTC goes to 100k then don't be upset cause you wanna book your profit.

Remember if you just faded up on crypto by holding you can't win anymore.
Rest of your wish what you do with your money

DewiKirana

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The right time to sell Bitcoin is when you buy it cheaper than the current price, there must be a profit difference when selling it. Or when you really need money and you only have Bitcoin assets, that's the right time to sell it.

Kadal Ijo

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We are free to sell bitcoin, hold is a suggestion to get bigger profit, and it is proven that when i am patient to hold i get big profit since i bought bitcoin when the price was $40k which i bought 2 years ago, but i still hold because i am price optimistic bitcoin will continue to increase.

Issa56

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You can hold bitcoin as long as you want I don't think their is any specific time which you are suppose to sell your bitcoin just make sure you are selling at profit. People always say HOLD because they believe bitcoin price is still low for now and if you can hold you will definitely make more profit than if you sell it now but if you think you are satisfied with the current profit which you are then you can easily sell. Some people have been holding bitcoin since when it was around $3k, $5k and $10k those people will be in huge profit already so you can still decide to hold and you can sell depending on your choice.

Swapzone_pr

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It's your money, do whatever you want, though I would never advise anyone to sell all of their bitcoin selling 20% to 30% is a reasonable strategy for those who don't want to wait years for a potential windfall Wink

btc78

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Quote from: Hippocrypto on October 29, 2021, 08:09:59 PM

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?

Holding is the best option especially when the price of bitcoin is dumping. It is up to you on what's your strategy on doing it. My advice is to hold when price is dumping and sell when price is increasing. It's up to you on what should you do. Or else, you can sell it when you already attain the goal you want to your bitcoin, if it is already enough for you and you think you won't regret something in the future selling it. Everytime you make decisions, try to think a scenario of you doing it, so that you won't regret anything.

Wishing that is just an easy as 123 but it is not, we cannot really know when the price will increase constantly and when this will decrease .
all we have in mind is speculative and nothing concrete so in the end it is our research and instinct will help us but of course this is risky but worth a keep, so Best to Hold longer than what you expected.
meaning buy coins and keep it at least for year or 2 before selling.

wajik-tempe

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Quote from: stadus on November 01, 2021, 01:01:23 AM

There's no sense of holding if we just don't benefit from it.

Hold and sell, that's the right term, I think there's no one even the richest in the space that has not to sell his/her bitcoin yet, one has to enjoy the profit as bitcoin does not have a value if we will not enjoy it and its profit for investing. So in my case, I'll certainly see my bitcoin once I'm satisfied with the profit, simple as that.

Different people have different purpose of investing, there are some people who always look at the market every day and monitor their investment then sell it when it has 50% price growth and they already happy with that.
But also there are some people who planned to hold their investment for years and consider their investment as free money that they want to give away.
There are no right and wrong about those 2 types of traders, who will get maximum profits is also depends on their luck and decision.
So i think it depends on the perseon itself, there are no exact time to buy or to sell the coin.

Cryptmuster

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Quote from: Sebas.tian on October 31, 2021, 10:58:13 AM

The time is very close to sell bitcoin and have a good profits from it. Since the price of bitcoin is still waving from $60 down to $58, show that is preparing to increase from $58k to $80k from November till next year 2022. Once is increase to $80 many long term investors will now release their bitcoin they have been holding over some years for sale to make a good income.

I think there will be those who will sell and there will always be those who want to buy for the hold at the current price. Therefore, bitcoin will always have a chance to continue its growth. But as for the real holders, I assume that a large number of them will sell when Bitcoin reaches the price of 100k. This is a beautiful price and the profit from their investment will be truly profitable and substantial.

stadus

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There's no sense of holding if we just don't benefit from it.

Hold and sell, that's the right term, I think there's no one even the richest in the space that has not to sell his/her bitcoin yet, one has to enjoy the profit as bitcoin does not have a value if we will not enjoy it and its profit for investing. So in my case, I'll certainly see my bitcoin once I'm satisfied with the profit, simple as that.

Rufsilf

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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?

Let me ask you, what is your intention of that certain coin you bought?
You bought it as an investment to make profit, right?

It's all about investing and making profit that's why you and me are here roaming in this crypto industry. In fact, we're lucky to have this alternative to generate and create a passive income to add in our portfolio. The important thing is you have goal, let's say you bought bitcoin at a price of $20k and your goal is to double it, then you should sell it when the price is already $40k. You don't need to hold it forever and don't know when to sell it. My advice is sell regularly while also hodling for long-term investment.

Sebas.tian

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Quote

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"?

The time is very close to sell bitcoin and have a good profits from it. Since the price of bitcoin is still waving from $60 down to $58, show that is preparing to increase from $58k to $80k from November till next year 2022. Once is increase to $80 many long term investors will now release their bitcoin they have been holding over some years for sale to make a good income.

iv4n

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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?

Do you need money? You want to do something in your life, to buy something, and you are short with money, but you have Bitcoins? Sell some, why not... decide your goals and do what you want to do!

It's always good to have something valuable on a side, including Bitcoin and crypto... it's a lot easier to hold if you have other sources of income that cover all your needs, but in the case, you are short then you need to make a decision! Most of us are making those decisions every day/week/month, there's nothing wrong with selling valuables if you really need the money for something, just don't spend them on something stupid!

Wawa2013

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Quote from: perfect999 on October 30, 2021, 01:34:19 PM

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?

No one is telling you to hold your Bitcoin forever. They're simply telling you that the more you continue to have patience is the more you are going to benefit from the market. The reason for this is because Bitcoin tends to be profitable when you invest long term. It is not really a must that everyone is going to invest in it for the long term, sometimes it can even benefit you when you invest just for the short term.

The main thing here is all about you knowing what you want to achieve and what you’re capable of. When you invest in Bitcoin and you make profit, as long as you are satisfied with the profit you have made, then you can sell your Bitcoin and cash out your profit.

It is true that the longer we hold Bitcoin, the greater the profit we make, because Bitcoin continues to move up. It is proven that this year
Bitcoin managed to reach new ATH twice, meaning Bitcoin in the future will be more expensive. So why we should hold Bitcoin in the long term,
but that doesn't mean we have to hold Bitcoin forever. After all, everyone has a different selling target, so we ourselves have to decide at what
price we want to sell Bitcoin. So never invest in Bitcoin depending on other people's advice, we ourselves determine when to buy and when to sell.
It's important to do your own research and analysis before investing in Bitcoin, so that we can determine our respective targets.

perfect999

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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?

No one is telling you to hold your Bitcoin forever. They're simply telling you that the more you continue to have patience is the more you are going to benefit from the market. The reason for this is because Bitcoin tends to be profitable when you invest long term. It is not really a must that everyone is going to invest in it for the long term, sometimes it can even benefit you when you invest just for the short term.

The main thing here is all about you knowing what you want to achieve and what you’re capable of. When you invest in Bitcoin and you make profit, as long as you are satisfied with the profit you have made, then you can sell your Bitcoin and cash out your profit.

kobir6678

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Bitcoin is pumping Assts in GLOBAL world. I hope bitcoin is the payment getway or real life use every people

rozak

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I'm sure everyone has their target for each asset they own. especially for bitcoins.
when you are satisfied with the profit you get then you are free to sell it. but I know what you're thinking when you sell your bitcoins and then, the market just pumps up. it was a disappointment in itself.
therefore the importance of feeling gratitude and not being greedy in investing in bitcoin and other crypto-assets. if you have enough then go out and enjoy your profit.

bonjouros

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Quote from: budi691 on October 30, 2021, 09:07:11 AM

when i buy at bitcoin buy price at $30k but then bitcoin drops to $25k i will hold it so that my money doesn't disappear,
and when the price goes up again and reaches $50K i will sell it,
but right now i won't sell it cause i'm waiting for $100K.. just hope no need to respond buddy Grin

Well, that is one perspective of the “right time” in selling the coins that you decided to hold for a particular period of time. As per this given scenario, right time can also mean selling at $35k, at $42k, or even at $31k. I believe that the right time is subjective to the goal of a trader and the optimism towards the coin, and to the gut feeling that somehow influences the decision to hold, wait, or to sell urgently.

Topic: HODL, HODL, HODL when can one actually sell Bitcoin? - page 9. (Read 1921 times)