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Topic: Is it wise to hold Bitcoin for a long time or sell to meet a need of life? - page 2. (Read 534 times)

jr. member
Activity: 266
Merit: 1
There is no point in holding Bitcoin for a long time. Because all you do is to let others make a profit from your money.  I think to buy when price is low and sell when price is high.   And then do this again next time.  If you don't then it will be other people getting rich from your money. 
hero member
Activity: 1918
Merit: 564
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 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.
jr. member
Activity: 301
Merit: 3
DAEFROM.com
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.
newbie
Activity: 45
Merit: 0
if you need money it is good to sell bitcoin and use money.
hero member
Activity: 2702
Merit: 585
Leading Crypto Sports Betting & Casino Platform
Withdraw a portion and meet a need of life whenever required is the best way. When life requires anything urgent, no point holding for long time, cash out and meet the need.

I agree on these one. You should withdraw if you really need it. There is no point of holding if you will sacrifice your needs in life, But withdraw only if it is necessary, such as emergency or etc. If it is only for your want, then I suggest for you to just hold.
What good to have money if it cannot save us from bad unpleasant situations? In order to have a future, we need to make sure that we have a present. As painful as it sounds to sell out bitcoin when its future value is known to meet the need of time, but it is what is supposed to be done. Bitcoin can be earned again in the future. Also I advise to not spend it on needs which are not basic ones rather social in actual.
full member
Activity: 406
Merit: 102
I think saving or as an investment is far different from spending for your family.

We save and invest to have something for our families and when it comes to family needs, we should not hesitate to spend. It's not just an obligation but its an instinct to all.

I think saving is wise because volatility makes possibilities. But I won't risk my family's needs and let them starve.
hero member
Activity: 952
Merit: 500
Since bitcoin has potential of reaching huge prices, many investors tend to hold it without an exact time frame. But if they want to fulfill their needs with bitcoin now reaching such a high price, then they could sell only a part of their holdings and continue to hold the rest of bitcoins.
hero member
Activity: 2814
Merit: 911
Have Fun )@@( Stay Safe
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.
The way i go around investment is that,the amount of money i invested initially in bitcoin was around a couple of thousand dollars and when the price started rising i sold the coins so that i got my capital investment,then if i feel that there is a correction ,i would sell off some coins and would scout for good projects to invest,some of my investments were good,but some were a bubble as i held my coins too long before cutting my losses,over all it was a good learning experience,sure there is a dilemma amongst traders on when to sell,because the more the profit the better. Wink
sr. member
Activity: 660
Merit: 350
NOBT - WNOBT your saving bank◕◡◕
When any one have the urgent need for life, so this person will have to sell anything to pay for this urgent need, even if this is a bitcoin.
member
Activity: 168
Merit: 10
It depends on what you truly needs. If your investment not need in life then you don't have to sell your bitcoins.
If you want to grow your bitcoin then you must have the patience to hold it for long time to see what profits you earn after.
We cannot rely on bitcoins future, so better just dont invest all your assets.
hero member
Activity: 549
Merit: 500
I think that we have to make the best decision if we want to hold our bitcoin if the urgent need for life does not let us sell our coins all, keep some of your coins as the future because I'm sure if the day is down For the next few days, bitcoin will go up again Wink
member
Activity: 420
Merit: 10
For me it depends on the situation, if it really is needed and no other funding source, maybe I can draw some of it to solve it for the need, and at least I still hold some and have something with waiting for profit in the future ...
member
Activity: 216
Merit: 15
I believe that you can not invest all your money in bitcoin, even if you really dream about a wonderful future. There must be a health risk and do not gamble. If so, it's better to wait until yours is available, and not be greedy, and just sell bitcoins with peace of mind.
member
Activity: 280
Merit: 10
I agree that is wiser to keep it. Hold it like a long term investment. For sure you will be satisfied with the result. Keep bitcoin
member
Activity: 337
Merit: 15
Holding Bitcoin for a long term and waiting for its value to change that would result to more profit, is one of the strategy of most users of Bitcoin. Considering that the growth of popularity of Bitcoin is continuously developing, holding the coin would bring more benefits yet, it is still dependent upon different factors like the flow of demand and supply, season and availability. But, selling your Bitcoin to meet a need of life is never a bad thing because it is the essence of having a source of income and savings isn't it?
member
Activity: 182
Merit: 10
I prefer holding it. Long term is the key to succes in this case. If you can give up to the need of life you are taking about then you should hold your coins
sr. member
Activity: 350
Merit: 250
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A long time holding of bitcoin is not good...it may lead you suffer major losses..so better do small investments for a small span of time...sell your btc after some intervals
A long time ago, if people held Bitcoin then they should have been prepared to keep it for a long time...
hero member
Activity: 1190
Merit: 525
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I have already been in a situation like that and I chose to sell a part of the held amount. If you ask me now if it was a good deal from financial point of view I would say no, because I could have made much more profit just by holding the amount I sold, but on that past moment it was wise to sell the BTCs to diversify my investments and to decrease the risk of putting all my eggs on the same basket.

Also, with the profit I made from Bitcoins sale, I could introduce myself in a new activity, opening my horizons.
full member
Activity: 266
Merit: 100
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.


look man, there is nothing more important in this world than happiness and well being. you have to make sure that no matter how great the potential profits there is on the crypro world, you will never forget that wealth is nothing if you are not having a happy life. i use to think that holding coins for the longest than others is the way to go. but obviously, i was wrong. the thing i can advice you to do, is to never ever forget to reward yourself. never deprive yourself of what you need just because you want to be greedy. of course this should be done with full moderation. but i think you get my point. just try it op. when you reach a point where you already have profits, take some to reward yourself then leave some for holdings, savings, investing, etc.  while working hard to gain more. doing this will not only make you experience the fruit of your labor but would also make you remember why you are doing this in the first place. and that is to have a better life. another great thing is this then will give you a better push to work even harder or have better motivation. then not long after, you will not have to worry about the prices of cryptos too much because you already know to yourself that you have already enjoyed and have had a lot of benefits when cryptos where still big.

i hope this reaches you and others out there who have forgotten about this simple but very important thing.
good luck with your journey man Smiley
full member
Activity: 350
Merit: 100
https://assetsplit.org/
It is indeed wise to hold Bitcoin for a long time and it's also okay to sell in order to meet up with needs of life.
But let me give a little advice to you. I many times leave my money to grow even if i have needs. what i do is; i borrow money from trusted friends/parents then when i think my bitcoin or altcoin has grow to a suspicious height i'll sell and then pay up. Another advice is, don't borrow so much and if you think selling is better than borrowing then sell.
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