Topic: Hodling or selling? - page 5. (Read 1339 times)

Make your busy, you don't have to think of selling them when you can but you don't actually need the money at that time. But don't forget to take profits when you can because that's how you make money on this market.

Resisting the temptation is that when you can think of your actual use with the money and if you truly need it.

If you don't have anything to think of and you're seeing the profit in there, you can still take the profit and convert into stable coins and wait until the dump again so you can rebuy at a lower price.

It’s the thought that there is something better and more worthy to come your way if you just keep at it for a little longer. I think the trust you have in bitcoin will be enough to make you strong enough to resist any temptation to sell. Of course it’s not easy to find that trust but I believe seeing how bitcoin has increased and continue to do so in the past will make you believe in it by now.


It’s quite unfair to say this as 1k usd to someone with not much money to begin with will have harder time to resist temptation of selling it the moment he sees profit. Money is still money whatever its amount.

Firstly you need to have other sources of income so that you won’t depend on your investment, your bitcoin investment account should just be like a savings account which you will have it in mind that you won’t be touching it for now. Most people are finding it difficult to hold, because they don’t have multiple sources of income, they are always checking bitcoin price. Also you need to set target for yourself, if you have confidence in bitcoin that it’s going to reach a particular price, then don’t sell if you haven’t hit your target yet.

In every investment we should know their is risk involved, don’t invest any amount you can’t afford to lose, if you know that if you lose $20k it’s going to affect you, then it’s better you invest lesser amount that you can bear the lost incase if anything happens.

Really? $20k is not a lot of money.
I had millions of dollars in bitcoin and it was really easy to hold it since I understood what it is that I own.
Let me explain it this way. You feel that it's safe to hold fiat money as long as you have no problem moving or spending it. When you can no longer take it all abroad with you because there are limits to what you can carry with you, and you can't access it because the country you're going to doesn't have ATM's that work with your bank, you start to u8nderstand why you need bitcoin.
I'm going to hold my bitcoin forever because it's my investment fund that I'm only going to spend in an emergency, or allow my children to spend on their needs.

It's that the price of bitcoin do appreciate annually and the price of bitcoin that appreciate annual if you are curious to sell you may sell and the price of bitcoin increases, a good investor of bitcoin doesn't be curious to sell bitcoin rather they hold their bitcoin until the price of increases, so many people I know today that uses bitcoin does not be curious to sell when they have know the important of using bitcoin or investing bitcoin, its only the newbies that are new in Bitcoin investment that always invest in bitcoin and rush to sell when the price depreciate little in the market.

Not everyone can afford to hold Bitcoin. Holding Bitcoin for a long time definitely requires a lot of patience and courage. I think you have both patience and bravery which is why you have held onto your bitcoins for so long. But the result of patience is very beautiful in the end.  Here I am like you I have been trying to hold bitcoin for a long time but I am pretty much all over it. Currently I am holding 1k Bitcoin I hope to slowly increase the investment. But I've been trying to keep up for years. Best wishes from my side to every investor I hope every investor will have lots of success in the upcoming bull market.

It would be better for them to keep their Bitcoin for now and wait for the next high price increase. The highest increase in Bitcoin that has occurred is only the beginning because the price of Bitcoin will still increase even higher. If people who bought Bitcoin at $20k had sold all their Bitcoin at $60k-$70k yesterday, maybe they would regret it because the price of Bitcoin could still rise again.

But it all depends on how they plan and what they want to do with their Bitcoin. Maybe they want to take advantage of it after waiting so long, and they can't afford to wait any longer. And they finally sell their Bitcoin when the price reaches $60k-$70k.

That is each person's wish. However, there are still people who continue to hold their Bitcoins because they believe the price of Bitcoin can rise very high. This is just the beginning, and we will see how high the price of Bitcoin is.

It's not only about being patient, the question you should ask yourself is: why would I sell bitcoin? Is there something I absolutely need right now? For me it would make sense to sell bitcoin when I think we're reaching the top so hopefully if I sell 1 then I can buy 1.5 or 2, right now that would be the only reason. I would never sell to buy an expensive car or going on vacation, it doesn't make sense for me.

 People who Hodl $20k plus in Bitcoin are those who are very rich and have other sources of income to cope with, while they wait for the right time to sell. Let's say for instance, someone depending on the profit of that money would have little patience and might have long been tempted when Bitcoin broke an ATH earlier. So I think only those that are very rich and have various sources of income would be that patient enough.
Also, I'll advice anyone holding atleast 1k in Bitcoin to continue holding for now, me personally I'll rather acquire more Bitcoin and contine waiting for the halving period than selling currently. If you noticed Bitcoin dropped to 69k so it might still be the right time to buy more and Hodl instead of selling.

The most important thing here is how you want to manage your portfolio. Because you should invest what you are prepared to lose and hold on patiently. Also, how much profit you want to earn from your investment is entirely up to your choice or decision. Yes, it is true that not everyone can HODL because it is not easy to do either. Hodl requires a lot of patience. Those who have accumulated bitcoins for years are testing their patience by not giving in to temptation and keeping their emotions in check. Since Bitcoin's halving is so close, those who are patient enough to hold on and not sell despite the price reaching ATH can make good profits in the future.

It is very difficult to hold BTC because it tests your patience. When a person decides to hold their investment they should prepared their heart, mind and emotions for every movement. We know Bitcoin is a very volatile asset we can not predict its next move be it up or down so if he holds his BTC and it goes down then it's a very hurtful and tough movement for a Bitcoiner to show patience on his loss so thats why most people start selling to grab their profits instead of hodling.. But I don't understand why people start selling their BTC now. I will choose to hold BTC instead to start selling out to mark more and more profits. If am not stupid then I will wait for the Bitcoin halving and then wait for the next ATH. After that, I will sell some parts of my BTC to get some profits.

When bitcoin price increases, most people will not sell bitcoin because they expect higher profits . But when bitcoin starts falling in price, and if the price drops too much, it's inevitable that people will panic . Maybe many people will not take profits but they will be willing to cut losses to avoid further losses, and this is common with most investors. What you say sounds simple, but when you fall into that situation you will see that it is not as simple as you think .

Not to mention as OP mentioned , if your investment capital is only 1 to 2 thousand dollars then you will not panic but if your investment capital is 100k to 200k then you will understand how terrible that feeling is.

everybody has their own plan when they will sell their Bitcoin after making some profit, so when they reach their price target they will sell and plan ahead when they will still buy at a low price again so that they can have more Bitcoin in their wallets. This is also a Bitcoin investing strategy; you can buy at low and when the price moves higher sell and wait for the Bitcoin price to go down again and sell more of it, both with the capital and at their price. I also see this as a good strategy for dealing with Bitcoin if someone is good at timing marketing before buying and selling, especially during a bull run period and buying at a bear market period.


I think that many people you see holding onto their Bitcoin for a long time are those with good knowledge about Bitcoin, who have more trust in it, and who have only invested what they can afford to lose; these factors are the main reason why someone can hold onto Bitcoin for a long period of time. You will notice that when you lack proper understanding about Bitcoin and general currency, or when you invest what you cannot afford to lose, there will always be fear of losing, and when someone has that fear, they will easily panic whenever the Bitcoin price moves down. From there, they will start selling because they don't want to lose.


Holding a bitcoin amount even less than $1k is not easy once it is not money you can afford to lose. I believe that those investors who invested a large amount of money in bitcoin and planned on holding it for a long period of time may have 10 times the amount of money they invested, so the truth behind holding it for a long period of time is just to invest what you can afford to lose.

There is no perfect timing is selling our Bitcoin but I also think that selling them during bull season is a good time to do it. If ever I sell them now, I was certain that I've been in profit but deciding to still hold them is a good choice as well believing that the price of Bitcoin will increase in the next few years. But I think if we have the chance to make a good profit this time while the market is in a bullish state, why now? If I could make a profit x2 from my capital, I guess that would be very satisfying, and feel no regret in doing it even after a few days it pumps more and reaches the new ATH.

Hold if you prefer to wait for the ATH but sell if the price is satisfying for you. The point here is to generate profit, not losses.

I sell some of the ownership of Bitcoin that I have and it was done to get a refund from the previous purchase process. Many people may sell all the bitcoin they have at the time of the highest price at that time and some are still holding Bitcoin until now because they believe the price will return higher. There is always a temptation to sell Bitcoin when the price is high but also many people will wait for the next ATH moment to sell the bitcoin they have.

If you are able to withstand until the desired price is good because the power of Bitcoin is far more optimal if invested in the long run. Everyone must have their own views on sales and how to accumulate purchases of Bitcoin. The aim is to get the maximum profit from the investment that is lived so that people will use the slightest opportunity.

Yes, at that time our mentality was tested whether to continue or exit the market with some benefits that were definitely not maximized as planned. I think it all depends on the initial planning when we go in and invest and if it shifts it's not because of the general temptation but the need. If you already have sufficient other income and at any time want to set a sell bid, the percentage is very small to sell assets even though it looks high and can be ascertained that it will be left alone.

For the amount of entry, it is very decisive for the amount of profit and also the level of risk faced, but if it is a long-term set where everything else has been fulfilled, I think it is not a significant problem because BTC is the most potential coin in terms of value and duration of return.

If they manage to HODL when Bitcoin hit the ATH, why couldn't they resist it now that the price drops down?
They didn't take profit before when it was a bit higher compared to the current price, so we could guess that they are still planning to HODL (for those who didn't take profit on the ATH).

From what I know, people like that, who buy bitcoin in large quantities or collect bitcoin consistently until it becomes a lot are those who really intend to invest, and maybe their investment funds are really aimed at bitcoin.
Maybe many people have sold their bitcoins when the price of bitcoin reached a certain point. However, I think they are selling because they have achieved their targets. However, people who have been consistent in holding their bitcoins which they have accumulated in large amounts, I think they are people who are ready for whatever risks occur, and believe in the potential of bitcoin. Moreover, the fact that they are calm even when they invest large amounts is because they are probably using money that they are truly willing to lose. I believe that such investors have many sources of income, or businesses out there. If he only had that money, then anyone would be afraid of losing that money, especially if he invested in bitcoin, which has a very high level of fluctuation.

Don't ask anyone regarding on what decision you should take since you might get trolled with that and the advice you get might not working for you so find what best for you to do since not everyone have different decision since we have different level of patience and experiencing to deal with bitcoin on some scenario occur at certain times.

That's why its important to develop your own strategy so that there will be no confusions will happen and you will not easily get affected by anything want those people like to spread especially if this is can affect you and will result to negative on your investment.

It maybe hard to learn and get better result but if you can handle to face any challenges on your investment for sure that you can earn good result on good decisions made soon.

There are a couple of considerations here:

1) Nothing is sure in life:  With this I mean there is a possibility greater than 0 that you maybe wake up tomorrrow and for whatever surprising reason Bitcoin is now nearly worthless. What would be your personal situation now?

a) In case you have already 1 million USD in the bank and invested a couple of years ago 10 000 USD in Bitcoin, that would be a serious hit, but likely no changing your lifestytle dramatically, just a bad surprise.

b) In case you have 10 000 USD in the bank and currently holding Bitcoins worth 1 million USD currently, the loss would feel much harder and likley seriously impact your mental health.

c) In case you have 1000 USD in the bank and holding Bitcoins worth 1 million USD, the loss would likely give you suicidal thoughts.


2) Investing is all about making a profit over time. Depending where you fit in under 1 above, I would suggest in case you have already made a profit holding Bitcoins to consider selling an amount that you can then move to your bank account and is not affected by a total wipeout of Bitcoin,

Personally I would  make a plan with certain tresholds lets say 100 000 USD for Bitcoin and when the treshold is reached maybe sell 30 % of your holding and HODL the other 70 % until the next treshold is reached. This should make sure that you survide a sudden wipeout of Bitcoin with at least a certain amount of profit and still have Bitcoins in case Bitcoins goes to 10 million USD or so.

Just my humble opinion