Hodling or selling? - page 7. | Bitcointalksearch.org

OcTradism

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Quote from: Darker45 on April 11, 2024, 08:13:00 PM

I'm not saying I'm hodling everything I have, but I've been hodling a certain amount since I got into Bitcoin. That's at least 8 years. In my early years, a day's growth is enough for me to ponder on selling since I've already made profit. And I've sold, although not all. Sometimes my decision was right, sometimes it was wrong. I eventually tried playing with the changes in the price. I sold; I bought back. In the end, I wasn't really earning, or at least hodling was a lot more profitable. It was hassle-free, too.

We need to take profit and use profit to pay things in our life, enjoy sweet things from our investment. Taking profit is good for any investor and we deserve to use our investment profit for anything.

Your experience is similar to me and I believe it is similar to many investors' experience too. Lesson from it is we need to take profit partially but never sell all of our bitcoins because we have advantage of early Bitcoin investors so don't throw away that big advantage by selling all bitcoins.

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In short, I ended up hodling. It's mainly because of the lessons I've learned. You will always be rewarded in the end if you hodl. I have regrets for not completely embracing it earlier. I also have Bitcoin friends who failed because they failed in hodling. Furthermore, if only you look at the charts, there's no reason to abandon hodling as a strategy.

It's good decision, holding and only take profit partially if we actually need money.

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Darker45

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I'm not saying I'm hodling everything I have, but I've been hodling a certain amount since I got into Bitcoin. That's at least 8 years. In my early years, a day's growth is enough for me to ponder on selling since I've already made profit. And I've sold, although not all. Sometimes my decision was right, sometimes it was wrong. I eventually tried playing with the changes in the price. I sold; I bought back. In the end, I wasn't really earning, or at least hodling was a lot more profitable. It was hassle-free, too.

In short, I ended up hodling. It's mainly because of the lessons I've learned. You will always be rewarded in the end if you hodl. I have regrets for not completely embracing it earlier. I also have Bitcoin friends who failed because they failed in hodling. Furthermore, if only you look at the charts, there's no reason to abandon hodling as a strategy.

But we have different appetite for risk. And, as always reminded, invest only what you can afford to lose. If you're losing sleep over your investment, perhaps you're doing it too much. Or perhaps Bitcoin isn't for you.

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Quote from: tajimas on April 11, 2024, 01:07:40 PM

Some users have sold all their bitcoins as soon as the price became higher than the price at which they bought them
But i'm interested in the actions of those who bought their bitcoins more than 2-3 years ago and sold them now or are still hodling them

I'm hodling for way longer than 2-3 years, and I will most likely liquidate more than half of my BTC portfolio in this cycle, because I'm at the point when taking those profits and investing them in reliable traditional assets would net me a significant cash flow, and I would rather have a predictable stable income than to gamble it all on having more unrealized gains.

I also think that Bitcoin is significantly more risky than most Bitcoiners think. There's nothing that could prevent a massive bear market that would turn into a long-term negative trend. And I don't want to risk anymore, I want reliable gains.

yazher

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It's best to hold it a little bit longer because we are close to Bitcoin Halving and we all know that after that, the price will eventually rise up and it will create another ATH based on its past history. Anyway, this kind of option will only be available to those who aren't in need of the money rather you can just sell it if you don't have anything to spend any more on your essential needs or you really need to pay for something for emergencies.

Assface16678

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Hodl, no matter what happens I will keep my bitcoin in hodl, but of course this past events where bitcoin reach $72k I sell some of my hodlings but it is just a small portion because on how hugh bitcoin reaches so I was able to cash out some and use it to buy something I want and some is for another investment because along side bitcoin I'm i vesting into different crypto currency to maximize thr potential profit, but yeah If I were others I will keep holding bitcoin until the bull run comes because the halving is yet to come so we might expect that bitcoin might go higher and will set more higher ATH which is very exciting to wait and to sum up I will keep holding my bitcoins until the end of course I know when will I need to cash them all but I want to see it through the end.

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Quote from: btc78 on April 11, 2024, 03:41:52 PM

The biggest factor would be a stable income. If one has a constant and stable source of income then he or she must not worry that much about the money invested. I mean of course 20k will always make you worry however if it is not all of your money you can expect that you won't be tempted that much to take it away

Well, if you happen to have a stable job that supports you, then there’s no reason that you will sell prior to bitcoin halving. Regardless of how huge your investment portfolio is, selling at the current price may be a good price already but we all know that there’s still a lot more of price increase when bitcoin halving is already here. Except if you aim to realize your project earlier, then I think selling even a portion of your bitcoin won’t be bad though knowing you’re still in profits after years of hodling.

suzanne5223

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First, our personal opinion shouldn't be seen as a decision making and everyone should always make his/her own decision independently. However, selling all Bitcoin holdings is never a good decision no matter the time frame or season when the BTC is bought due to how the market trend is making it hard to below the bottom price of 2-3 years ago.

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People have certain thoughts, those who haven't sold Bitcoin yet after crossing the new ATH are actually waiting for the halving, they think the effect of the halving will give a big boost to the Bitcoin price. Investors who bought Bitcoin last year are now in big gains, so they can wait for the halving, because the minor correction now doesn't affect them too much emotionally because if there is a big boost in the Bitcoin price after the halving, Can secure even bigger gains.

Every investor has their different long term holdings, I am no different here. I will hodl my bitcoins for a few more years after seeing some more ATHs. So everyone's perspective is different, every investor has set a target when they will sell their bitcoins, it doesn't matter how emotionally the market affects that investor.

oktana

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Quote from: tajimas on April 11, 2024, 04:57:35 PM

Quote from: oktana on April 11, 2024, 04:14:09 PM

Quote from: tajimas on April 11, 2024, 01:07:40 PM

Please answer people who hodl not $1-2k,but at least from $20k
After all,the fear of loss from investing $1k is much easier to bear than from investing $20k

It’s true that the fear of losing $1k is easier to bear for someone who can risk $20k. But understand that those who invest $1k may see their $1k as $1M because it’s all they have. So you can’t really say it like $1k is little because the $20k investor may be a millionaire or someone who has a lot and it’s probably even their spare money. Nonetheless, hodling is not easy if you invested with a huge amount and don’t have distractions. If you have distractions, you wouldn’t even remember to be tempted.

Yes,i agree
But any person who earned his money himself and not inherited it from relatives or won the lottery, will worry the same for $1k or $20k
Because he knows that money comes from hard work
Any money...

Actually, If you worked hard to make the money, $20k would be more valuable than $1k. So the amount matters. The reason why I replied to that is that $20k may be the money of someone who won the lottery while the $1k can be someone who has worked their ass off just to gather their little $10 to amount to that much.

tajimas

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Quote from: oktana on April 11, 2024, 04:14:09 PM

Quote from: tajimas on April 11, 2024, 01:07:40 PM

Please answer people who hodl not $1-2k,but at least from $20k
After all,the fear of loss from investing $1k is much easier to bear than from investing $20k

It’s true that the fear of losing $1k is easier to bear for someone who can risk $20k. But understand that those who invest $1k may see their $1k as $1M because it’s all they have. So you can’t really say it like $1k is little because the $20k investor may be a millionaire or someone who has a lot and it’s probably even their spare money. Nonetheless, hodling is not easy if you invested with a huge amount and don’t have distractions. If you have distractions, you wouldn’t even remember to be tempted.

Yes,i agree
But any person who earned his money himself and not inherited it from relatives or won the lottery, will worry the same for $1k or $20k
Because he knows that money comes from hard work
Any money...

EL MOHA

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Quote from: tajimas on April 11, 2024, 01:07:40 PM

There is a long period of time when the bitcoin price is at a rather high level,compared to the price a year ago
Some users have sold all their bitcoins as soon as the price became higher than the price at which they bought them
But i'm interested in the actions of those who bought their bitcoins more than 2-3 years ago and sold them now or are still hodling them
How did you find the strength and patience to resist this temptation?
Please answer people who hodl not $1-2k,but at least from $20k
After all,the fear of loss from investing $1k is much easier to bear than from investing $20k
For me this is the best indicator of inner strength and patience,because the greater the amount of investment,the greater the scale of his personality

Personally I don’t see anything wrong when it comes to the time or price that people sell off their bitcoin holding as long as you’re selling at a profit. Some of these investors that sell are those that have actually set a profit target and once it triggers they sell without hesitation. While some investors actually sold off their holdings not when they had pre Planned a longer a time to do it, but sometimes unforeseen circumstances that get them to sell, some of them will be happy to rather lose there bitcoin than borrowing money to sort out their emergency needs, which again is not a bad idea.

As for the ability of holding it for a very long term, I will say the first thing is to invest an amount you can afford to lose and as such it will reduce the tension of selling off when hit with either positive movement or negative movement.

Hypnosis00

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Quote from: tajimas on April 11, 2024, 01:07:40 PM

Greetings,everyone
At this point in time,i was wondering about the opinions of dear forum users
There is a long period of time when the bitcoin price is at a rather high level,compared to the price a year ago
Some users have sold all their bitcoins as soon as the price became higher than the price at which they bought them

The sell because they are probably contented with the profit generated from their investment. I did this in the past years but yes, I was also in regret after seeing the price surging high after selling. But if we are satisfied enough of what we get, that is okay because the most important is that we earn some, not we lose.

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But i'm interested in the actions of those who bought their bitcoins more than 2-3 years ago and sold them now or are still hodling them
How did you find the strength and patience to resist this temptation?
Please answer people who hodl not $1-2k,but at least from $20k
After all,the fear of loss from investing $1k is much easier to bear than from investing $20k
For me this is the best indicator of inner strength and patience,because the greater the amount of investment,the greater the scale of his personality

P.S i've personally hedl bitcoins for a few years and it's well over $2k

-Regards

Then encourage yourselves to be strong and focus on your target price. You can avoid temptation in selling if you are certain about your plan.
Never always check the price so it won't affect your mindset. Losing is not possible if we just hold and sell at a higher price than the buying price. Manage your emotions and be mindful in your decision-making.

Z-tight

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You have to believe in BTC to be able to store it for a very long time, there are weak hands that hold for only a short time and they buy through fomo, only when the price is rising again. People with understanding about BTC know of its uses cases and they know the price is 'never' going to zero, and so they are able to store it for as long as possible, even if there are so many correction phases along the way.

Take note that you should also not buy BTC with money that you need immediately, that can also affect and influence how long you store your coins.

South Park

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Quote from: tajimas on April 11, 2024, 01:07:40 PM

Greetings,everyone
At this point in time,i was wondering about the opinions of dear forum users
There is a long period of time when the bitcoin price is at a rather high level,compared to the price a year ago
Some users have sold all their bitcoins as soon as the price became higher than the price at which they bought them
But i'm interested in the actions of those who bought their bitcoins more than 2-3 years ago and sold them now or are still hodling them
How did you find the strength and patience to resist this temptation?
Please answer people who hodl not $1-2k,but at least from $20k
After all,the fear of loss from investing $1k is much easier to bear than from investing $20k
For me this is the best indicator of inner strength and patience,because the greater the amount of investment,the greater the scale of his personality

P.S i've personally hedl bitcoins for a few years and it's well over $2k

-Regards

There is not really some sort of secret people like that are using, they just understand very well the nature of bitcoin and its potential, so they know that a few years down the line it will be much more expensive than what it is now, so if you have that knowledge and you also have a solid economic position which allows you to not touch your coins during that time, then it is way easier to keep your coins even when others may be tempted to sell.

Nwada001

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If you need answers from only those who hold $20,000 worth of bitcoin and above, then you might have very few replies here. Someone can give you an honest reply without holding the mentioned amount.

To answer your question, the way you hold your coin is based on your own personal decision and the target you have for them before acquiring it, and if you also have something that gives you money, it will be easier for you to hold it till you reach your target without selling it.

There are people who hold bitcoin and have agreed to themselves that until it reaches a certain amount, maybe $100k or above, they won't sell. That's their own target, and they will hold onto it.

You can also do that, and don't allow price to influence your decision. As long as you are in for long-term holding, you will definitely witness the up-and-down movement of the market.

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Quote from: Wexnident on April 11, 2024, 04:00:16 PM

Temptation of what exactly anyway? At this point in time most people who would've invested 2 or even 3 years ago when it was its past peak would probably be in profit right now, so they're not really in any type of fear of losing money. If you were talking about selling to immediately profit, they're just waiting for their respective exit points. Probably only works because of how they're already in profit so at this point, they're just waiting to grow it out more. Not to mention they've waited 2+ years, a year or more to wait for the halving effects probably wouldn't amount to much.

And to add, some people probably consider the money they invested to be money lost or at least, temporarily not theirs. No fear to think about when it's not yours in the first place.

Maybe the temptation of profit is in sight, still want to hold because of the potential for prices to rise again then this will be a dilemma for those who are new to bitcoin investment but for those who have long experience will not worry about the decline precisely when it goes down buy back.

There are many factors for bitcoin to increase and investors holding it Bitcoin ETFs have been approved to affect the price of bitcoin to ATH before halving, while halving has not yet occurred people will argue that prices will continue to increase so it is better to wait for the right moment after halving.

No what is invested is not as money lost, we consider bitcoin no big risk unless you are able to be patient for a long time, even make regular purchases in BTC.

oktana

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Quote from: tajimas on April 11, 2024, 01:07:40 PM

Please answer people who hodl not $1-2k,but at least from $20k
After all,the fear of loss from investing $1k is much easier to bear than from investing $20k

It’s true that the fear of losing $1k is easier to bear for someone who can risk $20k. But understand that those who invest $1k may see their $1k as $1M because it’s all they have. So you can’t really say it like $1k is little because the $20k investor may be a millionaire or someone who has a lot and it’s probably even their spare money. Nonetheless, hodling is not easy if you invested with a huge amount and don’t have distractions. If you have distractions, you wouldn’t even remember to be tempted.

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Quote from: tajimas on April 11, 2024, 01:07:40 PM

But i'm interested in the actions of those who bought their bitcoins more than 2-3 years ago and sold them now or are still hodling them
How did you find the strength and patience to resist this temptation?
Please answer people who hodl not $1-2k,but at least from $20k

Every person must have their own target and strategy in investing. Because in this case it is a holding, what is required is to hold for a certain time, until it reaches the desired price target. This will vary from person to person. Of course, the target price and the length of time for which it will be evaluated will also have an influence on the strategy and also the results of the investment.

Oh yaa, regarding why there are a large number of people who also make profits at this time, it really depends on their goals. Because, there are also those who do hold in the short term. So this will make these people immediately take profits when the price is enough to meet their targets. But this is different for me. If I still wait until the bullrun will actually happen. Even though we don't know whether we will meet the peak of the bull run or not, this will also have an influence on the profit taking process.

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Quote from: tajimas on April 11, 2024, 01:07:40 PM

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Temptation of what exactly anyway? At this point in time most people who would've invested 2 or even 3 years ago when it was its past peak would probably be in profit right now, so they're not really in any type of fear of losing money. If you were talking about selling to immediately profit, they're just waiting for their respective exit points. Probably only works because of how they're already in profit so at this point, they're just waiting to grow it out more. Not to mention they've waited 2+ years, a year or more to wait for the halving effects probably wouldn't amount to much.

And to add, some people probably consider the money they invested to be money lost or at least, temporarily not theirs. No fear to think about when it's not yours in the first place.

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Quote from: btc78 on April 11, 2024, 03:41:52 PM

The biggest factor would be a stable income. If one has a constant and stable source of income then he or she must not worry that much about the money invested. I mean of course 20k will always make you worry however if it is not all of your money you can expect that you won't be tempted that much to take it away

People must have stable income before they invest in a large amount of money. I doubt if someone will brave to invest $20k if his income is unstable. Everyone knows that Bitcoin investment is risky, there is no guarantee for profits. So, when someone decides to put $20k of his money into Bitcoin, it should be the safe money he/she has. Considering this matter, holding shouldn't be something worried. The money ideally isn't for basic necessities, so it is not urgent to take profits very soon.

Topic: Hodling or selling? - page 7. (Read 1339 times)