Topic: Is it wise to hold Bitcoin for a long time or sell to meet a need of life? (Read 561 times)
March 12, 2018, 03:02:41 AM
For me, it is wise to hold bitcoin for a long time and wait for the perfect time in selling it. It is better to wait for the time where bitcoin's price gets larger so that it will satisfy the money that you need. When you earn bitcoin while its price is at its lowest state, it would be better to store it for a span of time so that you can see what value you want to sell it. Being patient is being important in selling bitcoin, the money that you will get will be depending on the price of bitcoin at that time, so why you rush where you can wait for the perfect time.
March 12, 2018, 02:20:04 AM
There is a big difference between NEED or GREED. But those who were greedy got the highest value in Bitcoin. Market is down now, one can hold for the better results, once it will start going upside it will be late to catch the bus.
March 12, 2018, 02:11:26 AM
I think it is a wise investment. If you do not have any reason for life, I think you should keep bitcoin for as long as possible. I think its profit will be multiplied in the future
Holding always help u do to make good income out of your little or bigger capital. In either case, your income would become double or triple or even more. Like if someone have been holding bitcoins since 2014, their profit ratios have been multiplied. For this reason only, yeah bitcoins are preferable to be held rather to be used in worthless shopping and meeting your luxuries at such low financial position. March 11, 2018, 12:44:44 PM
It is one question that comes to the minds of people, who are not day traders, most often in one form or the other. Looking at the soaring value of a bitcoin people make and have made a 'general' investment in bitcoins. There are again others who invest for a particular purpose like their children's education or to buy a property for instance. But whenever the right opportunity comes and when they want to sell, they are hesitant. This may be out of greed that they may miss out on even greater profits.
A long term investment is to meet the long term need of life. Throughout life there are needs. Even after the person dies, it appears there are needs hence insurance has become important. In such a scenario people do make investments for bright and secured future of themselves and their family. And this is necessary.
When such an investment is made in bitcoins, there is a chance that bitcoins may in fact prove worthy of their expectations and soar to a value that the investor initially desired. At this juncture, the investor can sell the bitcoins and choose to fulfill his desire. But most times he is tempted not to sell looking at the growth of bitcoin.
If selling the bitcoins he has invested for this purpose was the only way to fulfill his purpose, the investor of the present times seem to have been caught in confusion as to whether sell or hold.
A long term investment is to meet the long term need of life. Throughout life there are needs. Even after the person dies, it appears there are needs hence insurance has become important. In such a scenario people do make investments for bright and secured future of themselves and their family. And this is necessary.
When such an investment is made in bitcoins, there is a chance that bitcoins may in fact prove worthy of their expectations and soar to a value that the investor initially desired. At this juncture, the investor can sell the bitcoins and choose to fulfill his desire. But most times he is tempted not to sell looking at the growth of bitcoin.
If selling the bitcoins he has invested for this purpose was the only way to fulfill his purpose, the investor of the present times seem to have been caught in confusion as to whether sell or hold.
It's up to you, hold the bitcoin for future profit, or sell it for the necessities of life. I think it depends on your circumstances, if you need a fee, you are not wrong to sell the bitcoin you have.
March 11, 2018, 12:35:38 PM
There is an old saying which says that don't invest that much anywhere what you can't afford to lose. So the same goes here. If you can't afford to invest some amount and want it desperately to meet the needs of your life then yes you should immediately sell the btc and use it wherever you want to use it. Its better to hold only that amount which you won't need in immediate future
March 11, 2018, 12:29:36 PM
I understand the whole tactic of holding bitcoins for long term profits. But the whole point of investing is to gain profits and use them for your own benefit, much more during in times of need or emergencies. If you find yourself in a situation where there is an emergency and your hesitant to cash out some btc's because you still believe that its value will go higher, then the whole point of you investing is somewhat gone/changed. The notion of "holding for as long as you can" is very unrealistic, because you can't do that in real life. At some point in life, we're gonna have to cash out btc's for us to use them or do you expect to "hold" these until you die?
I like and agree with your opinion mate. This clearly says realistic events in a life of an investor. Everything in this world is nothing but some sort of survival and luck. What you have said is correct because it also applied within my situation as a hodler. My plan is to earn, buy and hodl Bitcoins but there came some unexpected emergencies which will lead to convertion from BTC into fiat currency. It all depends in every situation we have. Wealthy people choose to hodl without any problem but for an average or the lower status in the sociesty cannot do that because poverty may sometimes or even always pull us down. In life nothing is certain and we'll never know what will happen. 
March 11, 2018, 12:12:52 PM
I think it is a wise investment. If you do not have any reason for life, I think you should keep bitcoin for as long as possible. I think its profit will be multiplied in the future
March 11, 2018, 12:10:35 PM
It is one question that comes to the minds of people, who are not day traders, most often in one form or the other. Looking at the soaring value of a bitcoin people make and have made a 'general' investment in bitcoins. There are again others who invest for a particular purpose like their children's education or to buy a property for instance. But whenever the right opportunity comes and when they want to sell, they are hesitant. This may be out of greed that they may miss out on even greater profits.
A long term investment is to meet the long term need of life. Throughout life there are needs. Even after the person dies, it appears there are needs hence insurance has become important. In such a scenario people do make investments for bright and secured future of themselves and their family. And this is necessary.
When such an investment is made in bitcoins, there is a chance that bitcoins may in fact prove worthy of their expectations and soar to a value that the investor initially desired. At this juncture, the investor can sell the bitcoins and choose to fulfill his desire. But most times he is tempted not to sell looking at the growth of bitcoin.
If selling the bitcoins he has invested for this purpose was the only way to fulfill his purpose, the investor of the present times seem to have been caught in confusion as to whether sell or hold.
I think it's a good investment strategy to hold bitcoin for a long time. We can't judge the price of bitcoin, and the frequent trading of bitcoins in a short period of time can be very risky for our investment. I think long-term holding can reduce the risk of investment. A long term investment is to meet the long term need of life. Throughout life there are needs. Even after the person dies, it appears there are needs hence insurance has become important. In such a scenario people do make investments for bright and secured future of themselves and their family. And this is necessary.
When such an investment is made in bitcoins, there is a chance that bitcoins may in fact prove worthy of their expectations and soar to a value that the investor initially desired. At this juncture, the investor can sell the bitcoins and choose to fulfill his desire. But most times he is tempted not to sell looking at the growth of bitcoin.
If selling the bitcoins he has invested for this purpose was the only way to fulfill his purpose, the investor of the present times seem to have been caught in confusion as to whether sell or hold.
March 11, 2018, 11:58:24 AM
It is very sensible to keep bitcoin for a long time Bitcoin is a growing currency It is not a bad thing to shop without Bitcoini but Bitcoin goes as I go day by day and it will rise so do not shop Do you shop for 1-2 years and you can get everything.
March 10, 2018, 05:56:43 PM
It is good to hold bitcoin if the need is not urgent.
Definitely it's a wise to hold a bitcoin for a long time since many of us here want a great amount of profit. On the other hand if you really a money just sell it especially on emergency purposes. I believe soon in the future bitcoin will increase and have a profit as what wish by many here in thr bitcoin community. 
March 10, 2018, 05:50:10 PM
Don't be greedy, that's the key.
You have to sell your Bitcoins when you need them in your real life otherwise, what are they good for!! you can't keep them forever.
It is always a good thing to sell when you believe you made a good profit.
You have to sell your Bitcoins when you need them in your real life otherwise, what are they good for!! you can't keep them forever.
It is always a good thing to sell when you believe you made a good profit.
March 10, 2018, 04:08:55 PM
Perhaps now is the time to earn money on bitcoins, because for a day it grew by almost $ 400
February 07, 2018, 06:02:07 AM
I think this is another dilemma that occurs to anyone who investing in something not only in bitcoin. However this kind of dilemma is manageable by knowing what risk you wil be facing when investing in something, as we all know that bitcoin is a high risk investment, it different from gold which mostly considered as a safe heaven currency. Bitcoin volatility makes is easier to manipulated however there are also people who invest a lot in bitcoin but subjective not to the coin price but the usage of bitcoin. Will bitcoin have value in the long term condition? Or will bitcoin lose popularity and people tend to use other kind of digital payment / transactions. If someone didnt have any plan at first and investing all their money in bitcoin, then they will surely caught in this dilemma when market dropped recently and get heavy turbulance from all over the world. But if you have a plan at first and know that the money you're investing in BItcoin is not a usable money but to preserve wealth, then i'm sure you wont be facing with selling bitcoin to have cash money to eat or even buying something which is not worthed 
January 31, 2018, 04:22:15 PM
Now bitcoin price is low. If you sell now, you lose some money. I think this is the best time to buy some bitcoin and holding is the best thinking at this time. Because of potential currency, bitcoin price must be increasing again. So don't be panic. Be patience and hold your bitcoin for future.
Just investing on bitcoin and other crypto currencies with a faith that the market will rise back isn't the best thing to do. In fact you shouldn't even try to do this with crypto currencies. And sometimes it is better to sell a coin (even if you are at a loss) if you think that there is another coin that will be doing better.
January 31, 2018, 03:38:27 PM
It is good to hold bitcoin if the need is not urgent.
January 31, 2018, 03:37:05 PM
In any business, in any field, it is difficult to begin. Sometimes it seems that you first need to become a professional, and then try. But you will never become a professional without trying and not making mistakes without studying new techniques and strategies. Passing the boundary in 2018, people are increasingly hoping and believe that the newest technologies will improve their lives and provide them with new valuable benchmarks. But this is the future, but to live it is necessary to satisfy the needs today and now.
January 31, 2018, 03:06:54 PM
Bitcoin should be considered a long term investment. I don't sell it when I want to buy something for me...I am gonna hold it
January 31, 2018, 03:03:42 PM
Now bitcoin price is low. If you sell now, you lose some money. I think this is the best time to buy some bitcoin and holding is the best thinking at this time. Because of potential currency, bitcoin price must be increasing again. So don't be panic. Be patience and hold your bitcoin for future.
January 31, 2018, 02:59:19 PM
It is one question that comes to the minds of people, who are not day traders, most often in one form or the other. Looking at the soaring value of a bitcoin people make and have made a 'general' investment in bitcoins. There are again others who invest for a particular purpose like their children's education or to buy a property for instance. But whenever the right opportunity comes and when they want to sell, they are hesitant. This may be out of greed that they may miss out on even greater profits.
A long term investment is to meet the long term need of life. Throughout life there are needs. Even after the person dies, it appears there are needs hence insurance has become important. In such a scenario people do make investments for bright and secured future of themselves and their family. And this is necessary.
When such an investment is made in bitcoins, there is a chance that bitcoins may in fact prove worthy of their expectations and soar to a value that the investor initially desired. At this juncture, the investor can sell the bitcoins and choose to fulfill his desire. But most times he is tempted not to sell looking at the growth of bitcoin.
If selling the bitcoins he has invested for this purpose was the only way to fulfill his purpose, the investor of the present times seem to have been caught in confusion as to whether sell or hold.
A long term investment is to meet the long term need of life. Throughout life there are needs. Even after the person dies, it appears there are needs hence insurance has become important. In such a scenario people do make investments for bright and secured future of themselves and their family. And this is necessary.
When such an investment is made in bitcoins, there is a chance that bitcoins may in fact prove worthy of their expectations and soar to a value that the investor initially desired. At this juncture, the investor can sell the bitcoins and choose to fulfill his desire. But most times he is tempted not to sell looking at the growth of bitcoin.
If selling the bitcoins he has invested for this purpose was the only way to fulfill his purpose, the investor of the present times seem to have been caught in confusion as to whether sell or hold.
I believe long time holding can be done by those who invested with their money and have already established their financial status and it is really wise to hold it that long if it will really increase in price in the future. It is really a good thing if we invest with our free money that we can afford to not touch it for a very long time until it meets our expected price. But as we can see, the majority of traders cannot do this thing because of certain factor like needing to cash out for the daily needs and being impatient and does not have a strong foundation of belief about the coins he is holding.
I think whether to hold bitcoin for a long time or to sell it to meet someone's need depends on their situations. If someone wants to earn more, they should hold their BTCs in long term investment, with this, they can be assured that they do have money for their future. But if someone needs money for some reason, they can sell their BTCs to the price they think is enough for them to earn more. Whether long term or short term, as long as you can earn profit and that profit satisfies you. I think any choice is wise and good.
Everybody wants profit and earn but the problem is that their financial capability cannot support the long term holding of their coins thus forcing them to sell their coins at a lost or when they run out of budget.
January 31, 2018, 06:09:22 AM
From my point of view combination of these two options is the best.
There is no point of just holding Bitcoin without using in real life and have some pratical use of it. On the other hand experience has shown that holding Bitcoin for long term is profitable but everyone has to find it's own balance how much to spend and how much to hold.
There is no point of just holding Bitcoin without using in real life and have some pratical use of it. On the other hand experience has shown that holding Bitcoin for long term is profitable but everyone has to find it's own balance how much to spend and how much to hold.
Jump to: