Hodling or selling? - page 8. | Bitcointalksearch.org

Wexnident

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Quote from: tajimas on April 11, 2024, 02:07:40 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.

nurilham

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Quote from: btc78 on April 11, 2024, 04:41:52 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.

Pokapoka124

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Quote from: Mate2237 on April 11, 2024, 04:04:34 PM

One thing I normally say is that if you not doing extra thing to fetch you income and you invest in bitcoin then you liable to touch your investment bitcoin but if you doing something either business or job and the weekly income or the monthly income is good then you don't have to worry about your bitcoin investment and all what you have to do is continue hodling. And for those who have started their investment from 2-3 years ago and they are still holding meaning they workers and businessmen and women so there will no obstacle that will stop them to hodle till the coming All Time High.

People sell their bitcoin hodlings for various reasons. It’s not always because they depend on their bitcoin investment and do not have a source of income to support their expenses. In a bull run, it is not unreasonable to want to sell your bitcoins and make some profit. A smart investor takes advantage of these opportunities to sell at a high price and buy later at a lower price.

Quote from: Mate2237 on April 11, 2024, 04:04:34 PM

Op you want people who are hodling up to $20k while you are still struggling with $2k. Lolz. What an irony.

OP said he’s hodling over $2k. I believe he doesn’t want to give us the amount of bitcoins he is hodling, whatever that amount may be is none of our business.

Oasisman

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Quote from: tajimas on April 11, 2024, 02:07:40 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
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

Well, it is not about the amount of money you have invested in bitcoin that determines the patience and risk of all investors as a whole generally. People have different risk appetites and different income and different perspective on what is considered huge and small amount of money. For some people investing/risking $1k is not really easy to bear just like how a person who can afford to lose $20k. Different amount, but the same level of risk takers.
Again, we all have different monthly and yearly income, therefore we cannot say that the person who invested $20k has higher risk appetite or inner strength (as you say it) compared to a person who invested $1k or $2k.
Some rich people can easily gamble and lost $20k away easily, but some people can't even afford to have that kind of money in a coupe or so months let alone investing it in one go.

btc78

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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

Cryptomultiplier

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If you could somehow discipline yourself to have had up to $2k as at the time you did HoDL, am sure you can do so now. I don't HoDL for now, but am sure that those who have had the patience to start from a small sum, let's say about $50 and have endured till their HODLing investment grew to reach about $10-$20, are the real HoDLers and they deserve more accolade and their words would make more meaningful impact to the newbies and oldies, compared to those who started with a fair minimum of $1k -$2k and have HoDL for up to 2-3years now.

Rruchi man

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Quote from: tajimas on April 11, 2024, 02:07:40 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?

Some people are really good hodlers, they can avoid the temptation of selling the bitcoins they have because they have other sources of income that they can depend on for the time being while hodling. They have emergency funds for any emergency situation because it has a place in their budget, so they have totally cut off any form of pressure to sell some bitcoins that may come from emergency situations. Some of these hodlers are really determined to see How high the value of Bitcoin can get before they sell so they are still holding on to their investment strongly.

Dr.Bitcoin_Strange

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Quote from: tajimas on April 11, 2024, 02:07:40 PM

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

It will be easier to hold your coins for a long time when you define the purpose of your investment, set a goal for your investment, and invest only the amount that you can hold for a very long time without any need arising for the money to be used.

I have been holding some fractions of Bitcoin since 2022, although it was just a small fraction, but I kept on accumulating since then and have just held tight to it till now. I have a target to sell at the price of $80k–$120,000, and until then, I might not be forced by any other circumstances to sell off my bitcoin.

@OP, what can make people hold their Bitcoin for a long time is when they only invest the amount they can hold for a very long time and when they understand the Bitcoin investment so well to know that volatility is a character of Bitcoin and no matter how bearish the market may seem, they should not be in a hast to sell because the market will definitely become bullish again to give them a better profit.

Mate2237

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One thing I normally say is that if you not doing extra thing to fetch you income and you invest in bitcoin then you liable to touch your investment bitcoin but if you doing something either business or job and the weekly income or the monthly income is good then you don't have to worry about your bitcoin investment and all what you have to do is continue hodling. And for those who have started their investment from 2-3 years ago and they are still holding meaning they workers and businessmen and women so there will no obstacle that will stop them to hodle till the coming All Time High.

As I said to over come the temptation is to do another job while you are investing in it. Op you want people who are hodling up to $20k while you are still struggling with $2k. Lolz. What an irony.

ajiz138

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If you bought bitcoin a few years ago it is better to HODL a little bit more will be halving bitcoin will soon rally, bullish is getting bigger.

It doesn't matter if you only hold $1000 in the portfolio if the price increases then your value evaluation will increase.
Actually this depends on your needs even though it is now profitable do you need that profit now? If not better HODL wait for the moment where bitcoin will be pumped again.

Feeling that there are still many people who bought 3 years ago still HODL until now, they are waiting for patience to be paid when the price of bitcoin is high.

passwordnow

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Quote from: tajimas on April 11, 2024, 02:07:40 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

I've sold early before the 2021 bull run and that's a mistake that I have been remembering but even as I sold by that time, I am not in a loss but still in profit because I've bought Bitcoin earlier. And if you've been holding it for so long, what do you want? To keep on holding it or you want to sell them now for profit? You are the only one that can answer that question so for you to realize what's the best action that you should do, look at the situation that you're having right now. Do you need the cash? do you have to sell your bitcoin? If not, there's no reason for you to sell and if you're in profit then keep on holding because no one's going to hold it for you but you. You go with the flock that has been holding for so long and everyone will motivate you to hold. Go with the flock of those altcoins investors and they'd tell you to sell those bitcoin of yours for altcoins. Easy? no, but it all takes a lot of time before you make a good decision. So for you to have something good to be done, check yourself out if holding makes sense to you. Otherwise, sell.

aylabadia05

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Bitcoin purchases made by buyers have aims and objectives. I will assume that the purchase of Bitcoin is made by the buyer with the aim of hoping for a profit when the price of Bitcoin experiences a high increase in the purchase price. If that goal is true, then hold is the choice chosen by buyers with long-term targets. If the purchase is made now, perhaps the expected time period for making a profit will not be too long because it is estimated that the price will reach ATH before long.

Hold before the target is reached and sell when Bitcoin reaches a new ATH which is far from the current price. This means for those who use Bitcoin as an investment asset with the hope of making a profit.

Maslate

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Quote from: Mia Chloe on April 11, 2024, 03:01:12 PM

I guess everyone who bought Bitcoin 2- 3 years ago and have been hodling since that time, will definitely continue Hodling. Halving is estimated to be approximately just a couple of weeks away and with the recent price boosts for some time now, many Bitcoin enthusiasist are speculating $100k or even more. With that kind of profit many long term Hodlers will be holding as long as possible.
Some persons are still selling anyways( the short term holders) and even crypto traders. Besides the fact that everyone just can't Hodl, selling at the current price it still a hell lot of profit to some persons especially earliest adopters.

I think it would be quite a waste of time hodling all those years if you can’t wait for the mostly awaited bitcoin halving that’s expected to happen a week from now, so most probably majority still decide to hold longer their coins to gain massive amount of profits, than to sell at the current price and won’t be able to maximize their profits anyway.

However, reality still strikes that not everyone is capable to hold longer when big profits is already in front of us. Well, it won’t make you less of yourself if you decide to sell your coins now, but it would be more suitable to sell and reap huge profits when you decide to sell when bitcoin halving is already happening.

coolcoinz

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Quote from: tajimas on April 11, 2024, 02:07:40 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

I've never found it hard to hold and I have more than 10 times your $20k in bitcoin. To me it was an obvious choice after the first bull market that I've been through. Before the 2017 bull market I was unsure of bitcoin's future, ready to sell if anything goes wrong, but in 2017 I saw my investment go up by more than 20x and this gave me confidence. Even when it went down in 2018 and 2019 it was nothing to me because the lowest it got was at least 5x more than I paid for my coins, so I said to myself that I'll keep holding for as long as I'm in profit. Currently I'm over 100x in profit. I don't think it's ever going down below $1k, so I'm a hodler 4 life. That doesn't mean I won't sell anything. I even sold a bit this year when it went over $70k for the first time, but I'm never going to sell all of it.

RockBell

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Quote from: Mia Chloe on April 11, 2024, 03:01:12 PM

I guess everyone who bought Bitcoin 2- 3 years ago and have been hodling since that time, will definitely continue Hodling. Halving is estimated to be approximately just a couple of weeks away and with the recent price boosts for some time now, many Bitcoin enthusiasist are speculating $100k or even more. With that kind of profit many long term Hodlers will be holding as long as possible.
Some persons are still selling anyways( the short term holders) and even crypto traders. Besides the fact that everyone just can't Hodl, selling at the current price it still a hell lot of profit to some persons especially earliest adopters.

Holding is not a one-time thing is like a continuous process, you buy and hold it now depending on whether you will be able to hold it for that long, and holding for long is not that easy it needs dedication from the holder, because if you do not have any means of earning then you don't have a choice but to start spending your holdings to solve your financial needs, and the halving will only benefits do people that are holding, and with the event been some couple of weeks away now, and halving is not the main event people are putting their expectation on but the bull run and there expectation is around 100k truly but it is only an expectation. there is no certainty that it will get to 100k. if you can hold for long then that is only when you will be able to benefit from all this event.

Wakate

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Why would someone decided to sell when we all waiting for the halving that is going to boost the price of Bitcoin to skyrocket to a more bullish price. Since everyone wants to make money from the market, there is no need to sell the token rather it is better to hold so that this bull market is going to attract more profits to the hold that is already available.

For those that has been holding their Bitcoin for years neo would understand the benefit of buying and holding because it has been very rewarding for holders. If anyone sell now, that might be as a result of something impromptu that came up allowing holders to sell their tokens but on a normal, no one is going to sell because we all need to make profits from the market.

electronicash

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those who still hold BTC despite the price reaching ATH must have been thinking of the halving and that they are foreseeing the profit in the future. you can either see them as greedy or just very bullish for profit.

for me, they put all their hopes into BTC that it will save them from the next disaster that will come since they know exactly the economic crisis that will come. i just hope they can sell their BTC at the right time when the price is high.

Franctoshi

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Quote from: tajimas on April 11, 2024, 02:07:40 PM

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
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

Holding of Bitcoin is really an investors choice to do, and it really depends on the time when you got into the market, basically your entry point, Therefore once you must have realized a good profit from your investment portfolio, then taking out some profits is something I would say that is really a wise thing to do. However, we are just getting started this bull market cycle. Therefore you can decide whether you would continue with holding your BTC or you decide to sell, everything depends on your choice and how much profit you must have gained from your investment.

I_Anime

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Holding bitcoin for that long , shows that they truly believe in bitcoin and since those years bitcoin haven't let them down a bit. well is obvious that's not easy to hold for that long , because for one to be able to hold for that long it requires good principles and good plannings, and the other thing that light things up for them is because is bitcoin they where actually holding. So just imagine doing something and that thing kept on progressing and growing, you Will be encouraged and motivated keep on ( which is holding). And I believe after this bull run. Some those would only withdraw some profit while they keep on holding , because we all believe that $100k and above ain't going to be bitcoin peak bitcoin have alot of break through to undergo in the nearest future. Wink

kentrolla

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There are two type of people one who has bought it at dip and they are in multi fold profits and wants to maximize the leverage and see how far it goes because they are already in very good profits and minor dips won't bother them and then there are some who has bought it at previous ATH and got struck but they knew that's the price will increase in couple of year and hence they had been holding.

Now let's talk about long term investors as they study the market and take entry wherein most of their stuffs are pre-planned and they don't rush up to buy or sell, they keep holding for years until their personal target is achieved and some just plan to leave it for years without any price target. The more we understand the market the more easier it becomes for us to act with patience.

Topic: Hodling or selling? - page 8. (Read 1196 times)