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Topic: HODLers, When Will You Sell? (Read 423 times)

sr. member
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December 29, 2023, 04:27:35 AM
#62
I see wallets that their owners never moved coins from for 10 years and wonder how they do it.

Not me, but other holders who kept Butcoin in their wallets for years. In my opinion, they chose a Bitcoin wallet that wasn't just random. They take good care of everything related to access to their assets such as seed phrases, private keys and passcodes, of course keeping them away from internet connections.

This is very common, but my guess is that they do it — hold Bitcoin for years that way.

If you are amazed, carry out storage steps properly and correctly. You will be a winner with the Bitcoin you have.

If you're a HODLer, when do you hope to sell? Would you cash out if Bitcoin soars to $100,000 or sit back and wait until it gets to a million?

Some time ago, I spent some Bitcoin from my wallet for urgent needs. Hoping to sell at the highest price and will try to hold it in the wallet until the new ATH comes. This means that if Bitcoin reaches $100,000 USD in the future, then I will cash out most of the amount of Bitcoin I have which I am trying to continue to increase little by little.

If that happens within the next year from now, then that's the time limit I will hold.
sr. member
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December 29, 2023, 03:33:10 AM
#61
I really admire people capable of keeping bitcoins in their wallets for years without even moving them. I see wallets that their owners never moved coins from for 10 years and wonder how they do it. If you're a HODLer. when do you hope to sell? Would you cash out if Bitcoin soars to $100,000 or sit back and wait until it gets to a million?

ONLY for HODLers please. PLease share when you'll be happy to sell.
Holding doesn't mean it gonna be forever. The reason why people are holding is to make money when it hits their target price. Let us assume if the price reaches $100,000 I certainly have no doubts about selling my Bitcoin. That was a satisfying price for me. If ever it reaches more, I have no regrets as well because I already make a profit which is important to me unless we know that it reaches $ 1 million probably I would wait. But because the market doesn't work like that so I'd rather take the chance selling at $100k rather than missing it. It was even regrettable to happen.
sr. member
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December 28, 2023, 11:47:01 PM
#60
Seriously I wouldn't be able to hodl 100% of Bitcoin in my wallet for longer period of time I have tried earlier but failed because you will encounter sudden expenses like health or housing henc it has always been certain percentage of Bitcoins which I would be able to hodl. I think those who are hodling for over ten years are the one who either have forgotten that they have Bitcoin in their wallet or those who have los the private key or in worst case scenario no longer in this world. Unless whale or financially well settled an ordinary person will not be able to beat the urge of selling it.
I have also experienced things like you, so far I have not been able to hold on for a long period of time because there is always a need that we do not expect and must be met immediately. We have even looked for various ways not to sell it but still have to sell the amount of Bitcoin that we own for can fulfill these needs.
Maybe for those who can survive for a long period of time, of course they will be able to take good care of the assets they have and they also have many sources of income so they will not be affected by the Bitcoin they hold.
Therefore, it is recommended to invest money that you do not use in real life so that it can help you get maximum profits.
If Bitcoin investment is still related to real life needs, I think it is still quite vulnerable to experiencing losses, so it is better to set aside a little for long-term investment.

And personally, I continue to make or hold my investments for a period of time that I have set myself, usually in the form of a price when I have reached the profit that I have set.
sr. member
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December 28, 2023, 11:25:04 PM
#59
Seriously I wouldn't be able to hodl 100% of Bitcoin in my wallet for longer period of time I have tried earlier but failed because you will encounter sudden expenses like health or housing henc it has always been certain percentage of Bitcoins which I would be able to hodl. I think those who are hodling for over ten years are the one who either have forgotten that they have Bitcoin in their wallet or those who have los the private key or in worst case scenario no longer in this world. Unless whale or financially well settled an ordinary person will not be able to beat the urge of selling it.
I have also experienced things like you, so far I have not been able to hold on for a long period of time because there is always a need that we do not expect and must be met immediately. We have even looked for various ways not to sell it but still have to sell the amount of Bitcoin that we own for can fulfill these needs.
Maybe for those who can survive for a long period of time, of course they will be able to take good care of the assets they have and they also have many sources of income so they will not be affected by the Bitcoin they hold.
sr. member
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December 28, 2023, 10:11:23 PM
#58
I have been hodling for years now. And I think I won't stop hodling. But I have to be honest also. I think I will not just be hodling and stacking more and more sats forever. I think that's not realistic except if you have lots of sources of money and that you're just saving for the generations to come. Personally, I think there will be a time when I need to sell some. In fact, I am planning to sell some when the price of Bitcoin reaches almost $100,000. I will not sell all of course. And I probably won't stop stacking small amounts of sats.
hero member
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December 28, 2023, 08:12:02 PM
#57
I'm a hodler for years already, but it doesn't mean I don't sell when the price is already soaring high. I'm the type who holds Bitcoin for long and when there's an opportunity to take profit, i'm selling some of it. Then will repeat the process if the market is in bearish again. But even i'm selling some, I don't go all in because I still have set target price on when to finally release my Bitcoin.

Holding for long period is a good strategy and the best way to maximize your profit. But there are investors/traders who prefer short term because that's what they think is more suitable for them especially to those who don't have long patience to wait.
legendary
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December 28, 2023, 05:39:27 PM
#56
I really admire people capable of keeping bitcoins in their wallets for years without even moving them. I see wallets that their owners never moved coins from for 10 years and wonder how they do it. If you're a HODLer. when do you hope to sell? Would you cash out if Bitcoin soars to $100,000 or sit back and wait until it gets to a million?

ONLY for HODLers please. PLease share when you'll be happy to sell.
The answer to these questions varies from one investor to another based on their patience, emotional control, needs, defined selling goals and targets, strategies, and the profit rates they have achieved. In addition, it depends on each holder's belief in the future of Bitcoin and its modern technology. Firstly, reaching a price of $100K for Bitcoin is not considered difficult, as historical Bitcoin prices and previous halving events indicate the feasibility of this scenario. For me, achieving a Bitcoin price at this level would be highly satisfying as it would result in substantial profits. However, I wouldn't sell all of my holdings at this price. Perhaps I would sell a reasonable portion of my holdings, freeze some of the capital in stablecoins until the price corrects, and consider repurchasing. I can hold the remaining quantity for the long term. Predicting the exact price Bitcoin might reach in the near future is challenging due to its volatile nature. Regardless, positive indicators, events, news, and the ongoing adoption of Bitcoin lead us to believe that Bitcoin will surpass our expectations in the end and reach a price that will be recorded in the history of cryptocurrencies someday.
sr. member
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December 28, 2023, 05:21:33 PM
#55
I really admire people capable of keeping bitcoins in their wallets for years without even moving them. I see wallets that their owners never moved coins from for 10 years and wonder how they do it. If you're a HODLer. when do you hope to sell? Would you cash out if Bitcoin soars to $100,000 or sit back and wait until it gets to a million?

ONLY for HODLers please. PLease share when you'll be happy to sell.
Those investors who did not move their coins in their wallet are most likely billionaires. They are unaffected if the price of Bitcoin falls back to $20,000 or $10,000. Because their investment is a little portion of their entire wealth, they can manage their emotions quite effectively. Aside from that, they are so preoccupied with other things that they don't peek at the chart from time to time, which helps prevent unwanted emotions when the price drops so drastically. There are wallets that haven't moved because the owner has passed away or just a misplaced wallet.
hero member
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December 28, 2023, 05:07:05 PM
#54
I really admire people capable of keeping bitcoins in their wallets for years without even moving them. I see wallets that their owners never moved coins from for 10 years and wonder how they do it. If you're a HODLer. when do you hope to sell? Would you cash out if Bitcoin soars to $100,000 or sit back and wait until it gets to a million?

ONLY for HODLers please. PLease share when you'll be happy to sell.

Some of those wallets have forgotten their seed phrase and they can't get access to their Bitcoin that's why they haven't moved their Bitcoin for many year. We're just assuming that they're holding but they're not and what happens when those Bitcoin get moved is that they later find their seed phrase and can get access to their Bitcoin so they take profits. Bitcoin getting to $100,000 is a big profits from the present price therefore I'll take profits and wait.

Bitcoin doesn't go up all the time, sometimes it'll drop price and when that happens I can buy back my Bitcoins., taking profits is important when investing and also when trading so we can be sure of the profits we have made as the market is too volatile and can make us become not profitable after we were ones making big profits. Holding isn't for everyone but for some individuals with patience.

hero member
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December 28, 2023, 04:50:41 PM
#53
I really admire people capable of keeping bitcoins in their wallets for years without even moving them. I see wallets that their owners never moved coins from for 10 years and wonder how they do it. If you're a HODLer. when do you hope to sell? Would you cash out if Bitcoin soars to $100,000 or sit back and wait until it gets to a million?

ONLY for HODLers please. Please share when you'll be happy to sell.
Bitcoin is like a culture, the more you own it the more you become motivated to keep holding it and for that, most of those who were lucky to have bought Bitcoin 10 years ago, they bought it at a really cheap price and for that can make a lot of profits from it with the small investment so moving the bitcoin around is no longer in the agenda.
But those of us who came into Bitcoin when the price was already high, will have a tough time in holding on to our Bitcoin for a long time, this is because we also have some other needs that we may want to put the capital into and those demands are also very important, so we may have two sets of Bitcoin investors, we have the long term bitcoin investors and also the short term speculators who constantly are moving they coin around at all time.
hero member
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December 28, 2023, 04:50:16 PM
#52
They were able to achieve the holding of Bitcoin for years because they manage two things very well which is something you can also do if you manage the exact two things which are discipline and DCA strategy which prevent them from investing more than they can afford to lose. That's why they are investing every week/month in an amount that seems to be nothing for them to achieve in the long term.


ONLY for HODLers please. PLease share when you'll be happy to sell.
This is a personal decision but most long-term holders always take profit while they still have their initial investment balance when  it's ATH price
legendary
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December 28, 2023, 04:43:01 PM
#51
All Bitcoin HODLers seem to have a price target in mind for when they will cash out and take profits.  Cant blame them - we all like making money.  But the data shows that long-term holding is the winning Bitcoin strategy over time. and  Whys that? Well, Bitcoin keeps chugging along, gaining more adoption and going up in value the longer it is around. 

Sure, traders try timing the volatile crypto market's ups and downs to turn quick profits.  Nothing wrong with taking some gains here and there.  But those who have stubbornly held their Bitcoin for years keep winning out big time.
full member
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December 28, 2023, 04:15:55 PM
#50
I really admire people capable of keeping bitcoins in their wallets for years without even moving them. I see wallets that their owners never moved coins from for 10 years and wonder how they do it. If you're a HODLer. when do you hope to sell? Would you cash out if Bitcoin soars to $100,000 or sit back and wait until it gets to a million?

ONLY for HODLers please. PLease share when you'll be happy to sell.

Urgent needs may require selling some or all of the investment. It is very difficult to know this situation in advance. In some cases, there are those who sell a certain part of their investment. There are also those who wait a long time and sell the whole thing when the target price comes. Sometimes, there may be people who make instant decisions. Maybe we will do the same, but we don't know yet.

Everyone has expectations in investment and can sell if their expectations are met. Others may wait longer, anticipating the level the price will reach, and eventually reach higher prices. Some do not think of selling and always carry Bitcoin in their wallet.
legendary
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December 28, 2023, 03:59:52 PM
#49
Seriously I wouldn't be able to hodl 100% of Bitcoin in my wallet for longer period of time I have tried earlier but failed because you will encounter sudden expenses like health or housing henc it has always been certain percentage of Bitcoins which I would be able to hodl. I think those who are hodling for over ten years are the one who either have forgotten that they have Bitcoin in their wallet or those who have los the private key or in worst case scenario no longer in this world. Unless whale or financially well settled an ordinary person will not be able to beat the urge of selling it.

What's a longer period to you? Are you talking about a year, or maybe a whole 4 year cycle? For me a2 years is a piece of cake. Let's say you buy at falling prices somewhere in the bear market - you have no reason to take a loss, right? Why would you sell lower than you bought? When it's going up, I'd never be satisfied with something like a 10% profit. I can get that by buying bonds or ETF shares (not bitcoin ETF). With high risk and high reward assets like bitcoin you should at least wait for 50% profit before you consider selling.
Personally, I have coins dating back to 2015.
legendary
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December 28, 2023, 03:44:47 PM
#48
Seriously I wouldn't be able to hodl 100% of Bitcoin in my wallet for longer period of time I have tried earlier but failed because you will encounter sudden expenses like health or housing henc it has always been certain percentage of Bitcoins which I would be able to hodl. I think those who are hodling for over ten years are the one who either have forgotten that they have Bitcoin in their wallet or those who have los the private key or in worst case scenario no longer in this world. Unless whale or financially well settled an ordinary person will not be able to beat the urge of selling it.

If you prepare everything well, then I think you should not sell your bitcoins too quickly even if there is a very urgent need. You should have an emergency budget before investing your money in anything, including Bitcoin, meaning apart from investing, you should also have an emergency budget in your pocket. This is part of a long-term investment plan, but you may not have to be a longer-term holder when you need more funds than your existing emergency fund.

At least, you won't sell all your bitcoins when you have emergency funds. This is what many experienced investors think and they really consider everything carefully before investing any amount they can afford to lose.

hero member
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December 28, 2023, 02:53:39 PM
#47
Seriously I wouldn't be able to hodl 100% of Bitcoin in my wallet for longer period of time I have tried earlier but failed because you will encounter sudden expenses like health or housing henc it has always been certain percentage of Bitcoins which I would be able to hodl. I think those who are hodling for over ten years are the one who either have forgotten that they have Bitcoin in their wallet or those who have los the private key or in worst case scenario no longer in this world. Unless whale or financially well settled an ordinary person will not be able to beat the urge of selling it.
hero member
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December 28, 2023, 02:42:06 PM
#46
If you're a HODLer. when do you hope to sell? Would you cash out if Bitcoin soars to $100,000 or sit back and wait until it gets to a million?
Yes, I'd sell for both prices. First if it hits $100k then I'll take the opportunity to sell and then I'll wait for another few years to see it go around a million dollars. It seems that talks like this are no longer frowned unlike before when too many skeptics think that it is impossible to happen. Since we've seen Bitcoin has reached $69k last bull run, whether it goes on a x2 or x3 within the next cycle, it's still going to be high and will be making new history that shall make people amaze on how far it can grow.
hero member
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December 28, 2023, 02:21:12 PM
#45
I really admire people capable of keeping bitcoins in their wallets for years without even moving them. I see wallets that their owners never moved coins from for 10 years and wonder how they do it. If you're a HODLer. when do you hope to sell? Would you cash out if Bitcoin soars to $100,000 or sit back and wait until it gets to a million?

ONLY for HODLers please. PLease share when you'll be happy to sell.
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.
When it comes to targets then we do really have indeed that different numbers on which there might be some will be unloading their bags on 2-3 years time or in every cycle or they would really be have plans on selling it on a decade time or they would really be selling out when it reaches million. It would really be that varying or depending on a certain holder on which it would really be that impossible that they wont really be having those selling points. In my case I have been bagholding some coins since 2020 and even up to now i do still have it but there are really moments or conditions on which you cant really be able to avoid not to get some partial profits specially if you do see that there are some opportunities on some altcoins on which it is really just that hard to resist in speaking about not selling out a portion but since the primary rule that i do have in mind is to have that diversification then i do definitely proceed out and taking such action because i dont really like on losing those opportunities.

I dont really like on missing up the same thing like on what i had missed out ETH or BNB just because i've been focusing too much on a single point. If ever i do able to invest out into those times then i might say
that im really be that rich now but well this is how reality kick up into your face on which i have missed out tons of opportunities just because i hadnt jumped in that much
specially into those ICO days of those top altcoins that we do have in the market today. It is really just that hard to consider on which one would be shooting
up and this is why its not new or shocking to have those missed opportunities.
legendary
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December 28, 2023, 01:47:31 PM
#44
I really admire people capable of keeping bitcoins in their wallets for years without even moving them. I see wallets that their owners never moved coins from for 10 years and wonder how they do it. If you're a HODLer. when do you hope to sell? Would you cash out if Bitcoin soars to $100,000 or sit back and wait until it gets to a million?

ONLY for HODLers please. PLease share when you'll be happy to sell.
I will surely sell when price hits $100k but probably just a portion of my coins so I can keep hodling the rest of my coins. I have to be honest that I don't really set certain target price to sell but will only decide to sell once I see bitcoin reaches its new all time high. It could be 5 or 10 years hodling, that's fine as I always see my bitcoin my retirement. Majority of my savings go actually to bitcoin, and just leave a minimal amount for fiat since its value depreciates in time.

Bitcoin reaching million is always possible, but definitely the process will be very long and uncertain. But if we end up hodling with indefinite time, I guess we will see bitcoin in a million decade from now.
legendary
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December 28, 2023, 01:33:10 PM
#43
I'm technically a bitcoiner since 2015 but most of my coins are from 2016. I'm rarely spending anything which you can verify by looking at my signature campaign address (bc1qghyhken3czfyvyewdz7gpzmadsl3x35lk4ldh3) which contains all the money I've earned from signature campaigns since the beginning of 2022 and you can be sure if bitcoin goes to $60k tomorrow I will still be here stacking.

Holding is easy, you just need dedication and some money to sustain yourself. People who invest their last money are easy to squeeze.
Don't let market manipulators force your hand. You should spend your bitcoin when you really need something else, like a car, a house, whatever, but don't sell because you're scared. If you're scared it means you've invested more than you're comfortable with.
hero member
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December 28, 2023, 01:21:13 PM
#42
I'm the kind who holds, sells, and also trades bitcoin on a daily basis, depending on how I want to follow the market. I have a wallet, and I have the ones that I have not touched for some time now, which is a result of the price not hitting my target yet, and the moment my budget is reached, I will sell off some of them.
 
I also have some holdings, which I buy most times when the market experiences some unexpected drop, and I hold them for a little time, like earlier today when the price touched $43k and one of my sell orders was executed, which is a good one as I bought it below that.
 
So each of my holdings has a different selling point; they are all for the purpose of making profit, and I'm not in a position to hold it all forever. I will sell and buy back when I think the time is right, and my decision will be influenced by my entry price.
legendary
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December 28, 2023, 01:15:25 PM
#41
I really admire people capable of keeping bitcoins in their wallets for years without even moving them. I see wallets that their owners never moved coins from for 10 years and wonder how they do it. If you're a HODLer. when do you hope to sell? Would you cash out if Bitcoin soars to $100,000 or sit back and wait until it gets to a million?

ONLY for HODLers please. PLease share when you'll be happy to sell.
I know some people here holds their bitcoin for years now with no intention of selling. Though there are only very few people like them and they are like a rare treasure if you find those people. I myself plan to sell all of my bitcoin procession when the bull market arrives and try to sell it on the peak, I plan to buy back bitcoin when the bear cycle starts again and repeat. In that way, I can increase my bitcoin holding over the years. Even if I don't have a ton of btc today, someday I might get some by repeating this buy back strategy.
sr. member
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December 28, 2023, 01:07:17 PM
#40
I really admire people capable of keeping bitcoins in their wallets for years without even moving them. I see wallets that their owners never moved coins from for 10 years and wonder how they do it. If you're a HODLer. when do you hope to sell? Would you cash out if Bitcoin soars to $100,000 or sit back and wait until it gets to a million?

ONLY for HODLers please. Please share when you'll be happy to sell.
Well, the real meaning of holding is to stay anything for a long period. As you that you saw some wallets that have been untouched for a long time and the holder did not do anything to it, maybe because of the phrase he lost. Sometimes people move their coins to their wallet and they write the phrase on a page or anything and with time they lose that phrase so in this case the wallet will be untouched for a long time until he find the phrase. Moving towards you are second is, is a person sell his BTC if its price goes to $100000 per BTC then I think he needs to sell some part of his  BTC because people hold just to gain profits and I know from 0 to $100000 per BTC will take a huge time and he also did a lot of wait so I think he should sell it's btc rather he will wait for an increasing price, a lot of reason behind this but one is that he may live his half in poverty and if he does more wait then maybe he will spend his whole life and this btc did not benefit him.
hero member
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December 28, 2023, 01:04:03 PM
#39
It depends on how much wealth an investor has. Suppose an investor has such wealth that he will not need the money he invests in bitcoins even after 10 years. Then maybe he can hold bitcoin for a long time. Bottom line is that Bitcoin halving season is coming so most of the patient people are holding on to Bitcoin.
We all have so many reasons why we are investing in Bitcoin. There are some persons that are investing in Bitcoin to benefits from the market by holding for a long time not minding if the market keep falling or rising. Some people may invested in Bitcoin to prevent keeping their money in fait because we all know the fiat could keep depreciating in value and those that keep their money in Bitcoin would have a bigger benefits. Cryptocurrency is a safe place for us to keep our not just on any project but on a trusted and reliable project. Those that knows how to invest would keep making profits from the market.
hero member
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December 28, 2023, 12:47:46 PM
#38
I really admire people capable of keeping bitcoins in their wallets for years without even moving them. I see wallets that their owners never moved coins from for 10 years and wonder how they do it. If you're a HODLer. when do you hope to sell? Would you cash out if Bitcoin soars to $100,000 or sit back and wait until it gets to a million?

ONLY for HODLers please. PLease share when you'll be happy to sell.
Personally, I admire those who have been buying and keeping Bitcoin for several years, but as we appreciate them, there are factors involved. The first is that these people might be rich and not depend on Bitcoin. Second, they might have different wallets that are full of Bitcoin, and thereby liquidate some and leave others. Third, some might have a good vision of Bitcoin and believe that leaving it will give them more money over time, and since they are financially dependent, they continue to leave it. Lastly, some of them are dead or do not have access to their coins again.

Regardless, I am in for the HODLing game, but in a grand style, and as an investment-inclined person, I will not fool myself, I would rather be smart to actualize my earnings effectively in Bitcoin. I have purchased my Bitcoin and have kept adding to it since last year, and the reason is because of the expected bull run that comes in the 4-year cycle. I will continue to do this till the middle of next year since I know that whatever Bitcoin is in price at that time, it may still double over time. Now, when it gets to 2025, I will be most observant but will still not liquidate my asset even if it is at a $250,000 price.

What I will be doing is to be more proactive on the higher charts reading. This is in particular when the monthly charts turn bearish, it might be the right time to liquidate most of it. At that time, I will liquidate 80% of my BTC and continue to hold 20% forever. I will however buy again when the bearish season is over.
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December 28, 2023, 12:38:54 PM
#37
It depends on how much wealth an investor has. Suppose an investor has such wealth that he will not need the money he invests in bitcoins even after 10 years. Then maybe he can hold bitcoin for a long time. Bottom line is that Bitcoin halving season is coming so most of the patient people are holding on to Bitcoin.
hero member
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December 28, 2023, 12:23:24 PM
#36
I really admire people capable of keeping bitcoins in their wallets for years without even moving them. I see wallets that their owners never moved coins from for 10 years and wonder how they do it. If you're a HODLer. when do you hope to sell? Would you cash out if Bitcoin soars to $100,000 or sit back and wait until it gets to a million?

ONLY for HODLers please. PLease share when you'll be happy to sell.
Almost all of us know about holding but not all can be actual holders. We have some holders who are willing to sell when the price is good and consider themselves as holders when the price falls. I think those who claim to be holders of bitcoins should not have such a view. By doing so he may lose his wealth despite being a Bitcoin holder. We should plan for the long term when it comes to investing in bitcoins. Those who truly intend to make their dreams come true with Bitcoin must avoid being swayed by the ups and downs of Bitcoin. At times the behavior of Bitcoin will go to such an extreme level that many cannot control it and sell their Bitcoins. But if one dreams of long-term investing in bitcoins, one should think that his bitcoins are lost. If I draw a fixed limit from the beginning, the bitcoins can be sold only when the expected level is reached. If we expect a big return from Bitcoin then of course holding it for 5 to 10 years I think it would be appropriate.
sr. member
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Damn
December 28, 2023, 12:12:16 PM
#35
Talk facts, no nonsense. I HODL smartly and focus on the prize. Selling? Not yet. Why? Bitcoin is inherently more than a digital asset. The sign of a financial revolution. A journey, not a stop. $100,000? One million? Impressive numbers, sure, but they're just milestones, not endpoints. I only sell when there's a solid chance. I mean solid. Think Bitcoin 2.0 level innovation, or a business venture so groundbreaking it rewrites the rulebook. Until then, why quit a winner? Bitcoin is the best right now.


I'm intentionally waiting, not merely holding. Next huge thing, next financial history chapter. Who knows - maybe a business or a new asset? Eventually, I'll know. Smart investing is recognizing the correct moment, not any moment. I'll watch, wait, and win until the next big wave.
sr. member
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December 28, 2023, 11:59:35 AM
#34
As an investors or as a holder, it's quite logical that we have a long term goal and a short term goals.
Or as an individual you can ask yourself what offer that is too good to turn down? If you bought Bitcoin at $20000 and the price skyrocket to $900000 some people will take it, will some won't, , they will still ask for more, I just believe that everyone has a price that he can't say no to, it all depends on who is involved.
 We all look, but we see differently.
legendary
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December 28, 2023, 11:59:07 AM
#33
I'm not really sure when I'll sell my bitcoins.  I kinda just have them tucked away in a cold wallet for now.  The original plan was to just hold onto them for many years and continue DCAing as much as I can,, but who knows, life happens sometimes and I may need to cash some out if an unexpected expense pops up or something.  I'm playing it by ear.  If I dont desperately need the money, I'll probably just let my little bitcoin investment continue to mature and hopefully be worth even more down the road.  but I can't predict the future so I don't have any definite timeframe in mind for when Ill sell. and  Just gonna hang onto them as long as I can unless an urgent need for the money arises out of the blue.
full member
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December 28, 2023, 11:44:49 AM
#32
The reason why everyone is hodling Bitcoin is to make profit and every one have their own target of when to take profit and since the market of bitcoin can't be predicted it is hard to tell when to sell bitcoin.  For me I will keep hodling until I'm satisfied with the profit which I have made from holding. Investing bitcoin and hodling it is a personal, and only you can determine when it is okay for you to sell, nobody can make decisions for you when to take profit from the bitcoin you have been investing .
hero member
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December 28, 2023, 11:39:13 AM
#31
I really admire people capable of keeping bitcoins in their wallets for years without even moving them. I see wallets that their owners never moved coins from for 10 years and wonder how they do it.
That's true there are lots of crazy dudes who hold Bitcoin more than 10 and 12 years and today those all are the real gainers. Moreover we have to remember another thing that nowadays there are many wallets which are lost forever. A report found on 2020 that around 3.7 million bitcoins were lost forever. It's pretty much a concept though. However, it is also true that there are many wallets that lose their backups and those bitcoins are lost forever. So we should be interested in seeing these things.
Quote
If you're a HODLer. when do you hope to sell? Would you cash out if Bitcoin soars to $100,000 or sit back and wait until it gets to a million?

ONLY for HODLers please. PLease share when you'll be happy to sell.
Of course, it depends on my future situation, but I have taken a rough strategy that I will hold Bitcoin until the next two halving periods. But of course it is not to invest by buying a large amount of bitcoins at once, I have basically taken the strategy of purchasing a certain amount of bitcoins per week or monthly using the DCA method. Now if everything is fine after passing the next 2 halving periods I will sell them if I found a pick on that time.
hero member
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December 28, 2023, 11:35:17 AM
#30
I think Bitcoin's got legs in the long run, but no way am I gonna bet the farm on some pie-in-the-sky price target.  I'm playing the long game here - just gonna ride out the highs and lows and wait for my precious coins to shine and  if we ever get to 100k, heymazel tov, but I ain't cashing out completely.  Maybe just a little to treat myself.  Nah, hitting a number like that - itll tell me I wasn't nuts for hodling and remind me why I got into this whole crazy ride in the first place. 

I'm not one of those guys watching the charts all day, ready to dump everything.  I believe in this thing.  That means taking the downturns with the upswings.  So I'll keep on hodling keep on waiting, maybe grab a little profit if we moon.  But I didnt get into Bitcoin to make a quick buck.  I'm here for the long haul.
hero member
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December 28, 2023, 11:06:47 AM
#29
ONLY for HODLers please. PLease share when you'll be happy to sell.

You’re asking for hodlers while your question is for sellers. Hodlers don’t think about selling their token on specific price but rather they are aiming for holding as long as they can until they will need the investment money including profit. I become a holder before during 2018 dump and I never intend to sell my Bitcoin on specific price because I’m not uncertain on what price will exactly hit.

I just sell my token when Bitcoin hit the 50K level because that’s already more than x5 of my investment while I needed my money to purchase my current house property. I become a holder that time and right now I have fresh bacth of Bitcoin that I’m still holding without any price target in mind.
hero member
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December 28, 2023, 11:03:31 AM
#28
Wallet owners who don't move BTC at all for the next 10 years are like saying someone else lost their seed phrase and they don't have access to their wallet so they can't move it for sale.

Or they don't need money from selling bitcoin so they continue to HODL for 10 years and want to get a higher price, I think this still makes sense too.

The reason why I HODL, then when to sell? After getting a decent profit, maybe you say $100K I will also sell that price range in part, when the price starts to go high then sell all the holdings.

Then keep it in stablecoins and plan to get back in when the bearish comes.
hero member
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December 28, 2023, 10:57:07 AM
#27
I really admire people capable of keeping bitcoins in their wallets for years without even moving them. I see wallets that their owners never moved coins from for 10 years and wonder how they do it. If you're a HODLer. when do you hope to sell? Would you cash out if Bitcoin soars to $100,000 or sit back and wait until it gets to a million?

ONLY for HODLers please. PLease share when you'll be happy to sell.
when I need it, otherwise, I might just keep it in my cold wallet.
The plan is to keep the bitcoins for my retirement, but I don't know when I might find an urgent need that makes me have to sell my bitcoins.

And finally when I will die, at that time my bitcoin will certainly not be used and still stored in my wallet, I will make it an inheritance for my children and grandchildren later which maybe from them will sell it and divide it evenly, because it is an inheritance from me. In this case humans can only have plans but God has his will.

Or maybe this bitcoin that I have becomes a bitcoin without a master like other bitcoins that cannot be recovered due to loss of pharse.
sr. member
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December 28, 2023, 10:38:51 AM
#26
I really admire people capable of keeping bitcoins in their wallets for years without even moving them. I see wallets that their owners never moved coins from for 10 years and wonder how they do it. If you're a HODLer. when do you hope to sell? Would you cash out if Bitcoin soars to $100,000 or sit back and wait until it gets to a million?

ONLY for HODLers please. PLease share when you'll be happy to sell.

I don't see any point in hoarding forever as well as buying and selling whenever the market moves, HODLers is term used for long term investors and some of them are too rich to cashout the profits they made from bitcoin so their wallets haven't been active and some of them actually lost access to wallet so they can't move even if they want to.

Now about the question, it depends but I would say selling all in isn't the smart choice but cashing out when the market at its peak and buy back when it is in red is the most effective.
full member
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December 28, 2023, 10:30:00 AM
#25
I really admire people capable of keeping bitcoins in their wallets for years without even moving them. I see wallets that their owners never moved coins from for 10 years and wonder how they do it. If you're a HODLer. when do you hope to sell? Would you cash out if Bitcoin soars to $100,000 or sit back and wait until it gets to a million?

ONLY for HODLers please. PLease share when you'll be happy to sell.
some of those wallets you've seen holding bitcoins for 10 years. are probably lost. owners can't access their coins anymore that is why they are in those wallet and kept intact. otherwise they would've been moved around by now (sold or transferred)
Speaking of myself. I am not a long-term HODler. I wish I was. and hope one day will come when I'll be able to save a lot of bitcoins and hold them for as long as possible. If I had 1 Bitcoin or enough bitcoin worth holding. I would probably hold them until a Good price mark. I would say $1 million per Bitcoin.
sr. member
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December 28, 2023, 10:17:32 AM
#24
Some wallet with holding bitcoin more than ten years likely any potential losses access and become die wallet with many bitcoin holding there, but if any one keep holding more than ten years its so amazing how diamond hands keep believe with bitcoin rill raise higher price in the future.
I can't hold more than ten years because always check with bitcoin price update in daily day when raise higher price I will sell it.
I think some holder strong hold bitcoin more than ten years not update yet with current bitcoin price and have target waiting how many years later for selling their bitcoin and return back later when deadline of selling bitcoin. Not easy how to be long term holding with bitcoin exactly more than ten years and faced twice of bitcoin halving time with potential bitcoin can raise more higher price.
sr. member
Activity: 616
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December 28, 2023, 10:06:45 AM
#23
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.
Of course logically those who save bitcoins more than a year, financially they are more secure and have enough of their daily needs. How do they make their money work again for their own money masters, creating new foundations or new profits.

Of course, we as small holders of bitcoin, when the price reaches the peak according to our wishes, of course I will also enjoy the profits. It's true what you say, for someone who is still in the category of still struggling in everyday life, sometimes they sell a little for what they lack every month.




legendary
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December 28, 2023, 10:06:20 AM
#22
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.
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.
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.
Snip.

ONLY for HODLers please. PLease share when you'll be happy to sell.
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.

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.
hero member
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December 28, 2023, 09:59:17 AM
#21
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.  
full member
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December 28, 2023, 09:58:19 AM
#20
I really admire people capable of keeping bitcoins in their wallets for years without even moving them. I see wallets that their owners never moved coins from for 10 years and wonder how they do it. If you're a HODLer. when do you hope to sell? Would you cash out if Bitcoin soars to $100,000 or sit back and wait until it gets to a million?

ONLY for HODLers please. PLease share when you'll be happy to sell.

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.
hero member
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December 28, 2023, 09:48:34 AM
#19
I see wallets that their owners never moved coins from for 10 years and wonder how they do it.
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?

Because money, if it's already in your wallet, is used up very quickly.
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.
legendary
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December 28, 2023, 09:40:34 AM
#18
I really admire people capable of keeping bitcoins in their wallets for years without even moving them. I see wallets that their owners never moved coins from for 10 years and wonder how they do it.
Such patience is developed through very good forgetfulness. Smiley

If you're a HODLer. when do you hope to sell?
As soon as HODLer remember seed-phrase / will restore access to BTC-wallet. Smiley You know, within 10 years can forget where these bitcoins of yours are stored. Smiley

Would you cash out if Bitcoin soars to $100,000 or sit back and wait until it gets to a million?
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.

ONLY for HODLers please. PLease share when you'll be happy to sell.
HODLers will HODL BTC indefinitely. Smiley

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.
legendary
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December 28, 2023, 09:30:04 AM
#17
I really admire people capable of keeping bitcoins in their wallets for years without even moving them. I see wallets that their owners never moved coins from for 10 years and wonder how they do it. If you're a HODLer.

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.

when do you hope to sell? Would you cash out if Bitcoin soars to $100,000 or sit back and wait until it gets to a million?

ONLY for HODLers please. PLease share when you'll be happy to sell.

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.
member
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December 28, 2023, 09:25:20 AM
#16
Snip.

ONLY for HODLers please. PLease share when you'll be happy to sell.
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.
sr. member
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December 28, 2023, 09:22:44 AM
#15
I really admire people capable of keeping bitcoins in their wallets for years without even moving them. I see wallets that their owners never moved coins from for 10 years and wonder how they do it. If you're a HODLer. when do you hope to sell? Would you cash out if Bitcoin soars to $100,000 or sit back and wait until it gets to a million?

ONLY for HODLers please. PLease share when you'll be happy to sell.

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.
legendary
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December 28, 2023, 09:08:29 AM
#14
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.
sr. member
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December 28, 2023, 08:53:07 AM
#13
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.
hero member
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December 28, 2023, 08:49:06 AM
#12
I really admire people capable of keeping bitcoins in their wallets for years without even moving them. I see wallets that their owners never moved coins from for 10 years and wonder how they do it. If you're a HODLer. when do you hope to sell? Would you cash out if Bitcoin soars to $100,000 or sit back and wait until it gets to a million?

ONLY for HODLers please. PLease share when you'll be happy to sell.
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.
hero member
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December 28, 2023, 08:38:44 AM
#11
I really admire people capable of keeping bitcoins in their wallets for years without even moving them. I see wallets that their owners never moved coins from for 10 years and wonder how they do it. If you're a HODLer. when do you hope to sell? Would you cash out if Bitcoin soars to $100,000 or sit back and wait until it gets to a million?

ONLY for HODLers please. PLease share when you'll be happy to sell.
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.
hero member
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December 28, 2023, 08:30:28 AM
#10
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.
hero member
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December 28, 2023, 07:54:27 AM
#9

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.
legendary
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December 28, 2023, 07:51:49 AM
#8
I see wallets that their owners never moved coins from for 10 years and wonder how they do it.
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.
sr. member
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December 28, 2023, 07:45:56 AM
#7
I really admire people capable of keeping bitcoins in their wallets for years without even moving them. I see wallets that their owners never moved coins from for 10 years and wonder how they do it. If you're a HODLer. when do you hope to sell? Would you cash out if Bitcoin soars to $100,000 or sit back and wait until it gets to a million?

ONLY for HODLers please. PLease share when you'll be happy to sell.
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.
sr. member
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December 28, 2023, 07:21:07 AM
#6
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.
full member
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Eloncoin.org - Mars, here we come!
December 28, 2023, 06:58:22 AM
#5
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
jr. member
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December 28, 2023, 06:57:17 AM
#4
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.
sr. member
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December 28, 2023, 06:45:28 AM
#3
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.
sr. member
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December 28, 2023, 06:39:10 AM
#2
I really admire people capable of keeping bitcoins in their wallets for years without even moving them. I see wallets that their owners never moved coins from for 10 years and wonder how they do it. If you're a HODLer. when do you hope to sell? Would you cash out if Bitcoin soars to $100,000 or sit back and wait until it gets to a million?

ONLY for HODLers please. PLease share when you'll be happy to sell.
Some wallets may be lost or no longer have active owners. On the other side, large whale owned wallets often accumulate coins without spending them.

I've seen a similar question on the forum before, and I think the answer are similar. The decision to sell depends on how long you've held your coins and the profits you've gained from your initial investment. If your investment has grown significantly, there's nothing wrong with taking some profits. The key is to hold until you've surpassed your initial investment and its a personal choice based on your financial goals, and market outlook.
member
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December 28, 2023, 06:24:35 AM
#1
I really admire people capable of keeping bitcoins in their wallets for years without even moving them. I see wallets that their owners never moved coins from for 10 years and wonder how they do it. If you're a HODLer. when do you hope to sell? Would you cash out if Bitcoin soars to $100,000 or sit back and wait until it gets to a million?

ONLY for HODLers please. PLease share when you'll be happy to sell.
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