Topic: HODLers, When Will You Sell? - page 3. (Read 423 times)

The right time to sell is when you're totally satisfied with your profit; there's no specific years 'coz you could either sell after 10 years or 10 months depending on you as the investor. Some would say hold 'til $100k and there will be people telling you to sell already 'coz there's a tendency for a dump to occur given that the market has been 'up' for a couple of months. Bottomline is having no assurance of which way will its market value go; either up or down without any clue of when will such movement occur. So better focus establishing a 'winning' mindset; if you're down to hold for years or decades then you are free to do so and same thing goes for short term holders. No other people can dictate what's best other than the investor himself 'coz we are all just guessing the next price movement.Taking profit is indeed necessary and no one requires us to 'move' our assets fully and as a whole. It is a great idea taking partial profit given the fact and as mentioned above that no one can guarantee that its value will reach xxxxxxxx amount. At least, if ever something negative happen, you're still in profit with no loss at all.
Problem is with people who are comparing early investors to investors at the present without considering why some of them really managed to do so. Some of the early investors did not really anticipate its value right now. Some even forgot where their hard wallets are placed, and just happened to see it when the price is already 'up', which is fortunate of them. Some sold it already and basically, we are just having this impression of them 'coz we know to ourselves that we will do the same thing before only because we already saw its potential turn to reality. That's basically how regrets work.

Once my coins are valuable enough to pay for my mortgage I would be happy to sell it. It has quite a ways to go. When it gets to that point I will have more freedom and disposable income because once my house is paid off my bills will be minimal, so at that point my new goal won't be to HOLD it'll be to focus all of my time and energy on acquiring more currency, starting my own business, and becomming self sufficient. I think this is a pretty good goal.  

As for me i will prefer selling my Bitcoin after each halving, seizing reasonable profits. During bear markets, I buy back at lower prices, maximizing profits compared to long-term holders. For instance, investing $25k when 1BTC was $25, selling at $100k during a bull run, then buying back at $50k in a bear market would yield more profit and additional Bitcoin holdings. The strategy involves capitalizing on market fluctuations rather than just holding for an extended period.

Easy, just create a wallet, fund it, uninstall the wallet and don't save the seed phrase. I believe in the next 100 years, the coins in your address won't be moved since no one know the seed phrase, right?

I have a friend who like this kind act, but to be honest I don't understand why you can do like this.

When your Bitcoin is on your wallet or you have a liquid asset, you can just sell it if you want to cash out. It's nothing different like you have cash or money in bank.

Such patience is developed through very good forgetfulness.

As soon as HODLer remember seed-phrase / will restore access to BTC-wallet. You know, within 10 years can forget where these bitcoins of yours are stored.

It would be a pity to sell bitcoin for $100.000, if it reaches $1.000.000, then it will take a very long time to wait for the level of $1.000.000.

HODLers will HODL BTC indefinitely.

Why do you think that bitcoin must be cashed out using traditional money? Some may hold bitcoin until the moment when it will be used for its intended purpose (wide and mass) - as electronic digital money.

Some addresses that you see holding for 10+ years might not ever sell their supply, due to death, corrupt hard drives, lost private keys, etc. There is no way to tell.

Unfortunately this is indefinite HODLing for them, but beneficial to the BTC supply otherwise.


On multiple other threads I've said the same thing. I believe we are at a point in time where unless fiat is absolutely to satisfy a need that can't be satisfied with Bitcoin, not many HODLers will have a reason to sell at this stage. The greed factor is easy to keep tamed - we are in an obviously exciting time, and it's very easy to not just hold Bitcoin, but believe in where it might be headed from here. It's also easy to have less faith in traditional cash, considering its supply is only ever-increasing.

For holdings that I don't foresee to be used for an immediate need, I'd not be selling until the $250k-$500k mark, and it won't be all of it. The only reason for this, is that the fact that cycles are within Bitcoin is clear. No green candle lasts forever...it's always wise to take some profit along the way. In the next cycle, it will be $2.5m-$5m mark, multiplying by 10 every cycle unless something fundamentally changes.

Every bitcoin investor who holds bitcoin must have a certain time period or certain price to sell it. Personally, I would probably prefer to sell my bitcoin assets only when I really need them. Because this action for me is a wise action. Because if, for example, I sell bitcoin assets when I don't have a big need, I'm afraid the money will be wasted. Because money, if it's already in your wallet, is used up very quickly. That's why I decided to sell bitcoin, only when I really needed it.

Some wallet keys are permanently lost, and the owners no longer have access to them. Most hodlers are long-term big traders and whales, but those looking to earn some profit and have a target profit for their investment will sell quickly when the price reaches their target and can't wait ten years. If I were a big trader, I would simply look to maximize my earnings after every bull run and sell about half of my investment. After that, I'll wait for the price to drop before accumulating more against the next bull run, when the price is expected to rise and reach a new all-time high.

If I hold bitcoin during the bear market and the price started to increase as planned, I will sell 70% of it after a significant bull market. I can not hold most of my coins more than 2 years and I will prefer to buy more after another bear market. For people that do not sell at all, the price may come down but it will later go back up.

Bitcoin that you hodle is your property therefore it's your prerogative to sale anytime you want, so it'll comes down to individual decisions to determine the right season to cash in or keep watching it accumulate in value. One fact that we can't deny that'll make a Bitcoin investor to hodle it for many years and not sale is because that person is financially stable, because there's no how that a person can be bankrupt or have very important financial needs without any other sources to raise money that'll not sale all or part of their Bitcoin to carter for the urgent and important needs.

Like some comments here have stated, the reason why some Bitcoin wallets have stayed for many years without touching it could be that their seed phrase is lost or the holder is dead, where no living person knows about the seed phrase. Or like I said, perhaps the holder is financially well-off.

One thing we all need to understand is that investment is a deliberate decision we make, not by mistake but for the sole purpose of having a better tomorrow, of which if you happened to have come across a wallet whose funds have not been moved for the past decades, probably it's either it's not yet time for the holder to move his/her fund or maybe he/she might have lost access to that fund. Hence, having a bitcoin asset for such a long period of time is very possible, inasmuch as we can invest an amount we can always afford to forgo, instead of borrowing money just to invest in Bitcoin. It's never a competition, hence, invest the little you can always afford.

We don't even know if those wallet are considered as lost, or their owner already forgot it.
I guess some of them who could resist on not selling or taking their profit for a long period of time are those who really doesn't need the money, or those who are already rich and got nothing to do that is why they keep on holding it.
If I also happen to have that kind of money surely I would just keep on holding my crypto, and I would just sell some when I needed.

It really depends on what people are capable of when they are currently holding some bitcoins because most investors can wait for the actual next bull runs because they have enough patience to hold their BTC even though the price right now is quite higher than usual and as expected, it will keep rising especially next year in the Halving season and many investors has already expected this so that they are patiently holding their bitcoins now. Others are considering entering the market once they fully realize that there will be no low prices anymore after this because the bitcoin halving is approaching.

Believe me, some of the wallets that haven’t sold a single BTC right from inception are those that the keys to the wallet has been lost to ignorance and obsessed security. Although, a few have been able to make that mark of having to hold for a good number of years and I tell you, this often becomes possible because, they’ve got other streams of income to carter and sustain every other aspect to their living as a being. It’s the easiest way to turn the other side even with some obvious profit looking you in the face and the believe that, it’s just getting better and there are many more best years ahead.
Frankly, there is. If you look at how BTC have come compared to the years of mining, you would realize there is still a long way for the Satoshi invention.
Selling haven’t got a timing to it, you sell just when you feel it’s a last resort.

Bitcoin for me is not something you purchase once and start holding for the next 10 years. It is a currency that you constantly both acquire and spend. For example I have coins I've acquired back in 2014 and I also have coins I acquired last week. Whenever I want to sell anything, I sell the most accessible coins I have which happens to be the "freshest" ones.

Every Bitcoin Hodler has his personal target most of the time and when they get that target most of them sell. However in general people sell their Bitcoins when they can have a profit.

Long term hodling when it comes to Bitcoin has proven to be the best over time. This is due to the fact that Bitcoin has been progressing over time.

Short term holders sometimes don't wait for a large profit margin to sell. Some even sell at any time just like The Cryptovator made mention in one of his replies that he most times sold Bitcoin without the aim of profit . It is important to  also note that trading and hodling act somewhat like a balance system in the Bitcoin ecosystem.

Some people are fine holding Bitcoin for a very long time, I believe this is doable for them because they know that Bitcoin will keep appreciating in value or maybe it's because they are already financially free who knows?

I am a holder too and I don't plan on dumping all my bitcoin and go back to what actually? I am going to take some profits when Bitcoin makes a new all time high but this won't be the end, I am going to take profit to secure some funds and buy Bitcoin back after a while when price plummet.

For someone who is still struggling, it's understandable that they need to survive, and holding something value when the price is already surging doesn't solve anything, a profit secured is the real profit, but while you struggle to have a better life always give room to things that can make your future a better one.

Like most replies have said it really differs by person to person we all have different goals and we are also in different states of our lives some might have something important or something huge going on like a wedding in a more joyful occasion and on a more sadder tone they might encounter some emergencies like health related issues in which they might want to sell their coins

For me personally as much as possible i would like to keep my coins even if it doubles i still would probably not want to sell it i would like to keep it in for as long as possible

Selling prize differs from person to person. However the general rule is that when it gets to the zone of your satisfactory target feel free to sell. For me I don't think it is the best time now to sell because we are yet to see BTC Halving and ETF is looking promising.
Hodlers keep put.

It's quite an interesting questions to be answered differently by many others. Selling our Bitcoin's can be based on different considerations on how much you have made from the investment or for the price reaching the point where you find it convenient to sell. Some other factor that may warrant selling is when your investment is on profit after a long term holding and you find it necessary to use money from there to settle or start up something physical.