Topic: Is it wise to hold Bitcoin for a long time or sell to meet a need of life? - page 3. (Read 543 times)
January 30, 2018, 01:17:39 PM
it's practically answering that if in urgency/emergency to meet the need of life its better to sell it to provide your needs, We are giving our best and hard work to earn bitcoin for ourselves and also to our family.
January 30, 2018, 01:10:40 PM
My strategy in the beginning was to take profit with every spike in the price and to get back my initial investment capital as
soon as I could. Once I reached that goal, the risk factor was much lower, because I had way less to lose IF it failed. I have
since made more than 800% profit on my initial investment, so I am virtually risk free with this investment. {A very good
place to be, with any investment}
soon as I could. Once I reached that goal, the risk factor was much lower, because I had way less to lose IF it failed. I have
since made more than 800% profit on my initial investment, so I am virtually risk free with this investment. {A very good
place to be, with any investment}
January 30, 2018, 12:46:07 PM
In my opinion, it is wise to buy Bitcoin and hold it for a few years. Even though Bitcoin isn't as cheap as it used to be, it is still a good investment due to growing cryptocurrencies popularity. I wouldn't be surprised if Bitcoin became the new gold because of its limited supply and a huge demand. People who have a hundred of thousands BTC can sell some of their holdings for USD which won't be replaced anytime soon. They won't have to bother with anything for the rest of their lives.
January 30, 2018, 12:42:32 PM
Well,I think it really based on the person who using bitcoins.If someone considering bitcoin as an investment not a means of currncy then he have to sell it when the goal price of him reached.
If someone thinks bitcoin as a future form of currency then he need to hold it forever because crypto currency is going to be the future currency.
exactly this is may always depends on the person on how does he may able to earn and on how they may have the chance to take some opportunity of having this kind of life for , how they may have some chance to earn bitcoin. If someone thinks bitcoin as a future form of currency then he need to hold it forever because crypto currency is going to be the future currency.
January 30, 2018, 12:40:50 PM
Withdraw a element and meet a need of life every time required is the quality way. whilst life requires anything pressing, no point conserving for long term, cash out and meet the need.
January 30, 2018, 12:15:54 PM
You do understand that bitcoin can disappear any time right? So why on the hell would you risk money and wait so long , at some point you would need to cash out 
January 30, 2018, 12:14:23 PM
Yes, until now investment on bitcoin is very promising. What we know bitcoin prices are so volatile, so many people are confused when buying or selling bitcoins. I'm sure everyone will be the same when buying bitcoin wants at lower price, so when bitcoin goes down they will continue to wait until bitcoin decreases again, as well as by selling bitcoin they will get confused as well when selling it, when bitcoin prices goes up, they will wait for bitcoin prices until more up. My strategy of investing in bitcoin is, I choose short term and long term. I mean, when bitcoin price goes up I will exchange some, not all bitcoin I have, to provide for my daily life then I hold back.
January 30, 2018, 11:56:49 AM
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
January 30, 2018, 11:44:18 AM
Well,I think it really based on the person who using bitcoins.If someone considering bitcoin as an investment not a means of currncy then he have to sell it when the goal price of him reached.
If someone thinks bitcoin as a future form of currency then he need to hold it forever because crypto currency is going to be the future currency.
If someone thinks bitcoin as a future form of currency then he need to hold it forever because crypto currency is going to be the future currency.
Yes it true that there are people who are piling up bitcoins to use them simply as currency of the future. At the same time, holding many coins will give the advantage of selling at right time. This in itself is an investment. But many do not trade their coins for a brighter future and higher value. Today the market is volatile and we are able to find a drastic fluctuation in the value in a very short period of time. But in the long run some of this investment can really fulfill the need of the hour coming up then.
People who may use it as a currency and simply are stacking up their bitcoins have actually earned them through trading etc. One who has put in money may little consider the value of bitcoin as a currency compared to it being an investment. It is also important to fulfill the purpose of any investment to utilizing it in the best way possible. As the saying goes, the one who knows to spend is the one who knows to save.
January 30, 2018, 08:43:42 AM
Well,I think it really based on the person who using bitcoins.If someone considering bitcoin as an investment not a means of currncy then he have to sell it when the goal price of him reached.
If someone thinks bitcoin as a future form of currency then he need to hold it forever because crypto currency is going to be the future currency.
If someone thinks bitcoin as a future form of currency then he need to hold it forever because crypto currency is going to be the future currency.
January 30, 2018, 08:40:25 AM
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.
We can't blame those who are selling their Bitcoin because they are really in need of money, since that's why they want profit which is to fill their needs. But I think if it is possible, it is more wise to just hold your Bitcoin. Its market value has a hue chance of becoming more expensive. As such, you will have a chance to earn bigger profit in the future. 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.
January 30, 2018, 08:37:17 AM
depending on the owner of the coin itself, whether he will hold or sell it
If I am private, I prefer to hold it, and for my family to need every day, I have set aside my money before investing everything in bitcoin .. and in my opinion this will be enough for all of us, until bitcoin prices reach the highest. then i will sell it
Confidence, and patience, are needed
If I am private, I prefer to hold it, and for my family to need every day, I have set aside my money before investing everything in bitcoin .. and in my opinion this will be enough for all of us, until bitcoin prices reach the highest. then i will sell it
Confidence, and patience, are needed
January 30, 2018, 08:31:47 AM
I think you can choose to sell some bitcoin, which should be enough to satisfy your needs.
The remaining half you can continue to hold as a long-term investment, which I think is a good idea.
The remaining half you can continue to hold as a long-term investment, which I think is a good idea.
January 30, 2018, 08:23:16 AM
It depends on the persons needs. If you had invested bitcoin for your future and you have enough money to use for your daily expenses you can hold it for a long time. But if the financial needs occur and you really need to be able to sustain the you must sell some. My only advice if you are for a long term investment set in mind that you should think that as if you do not invest for you to be able to hold your coins for a long time.
January 30, 2018, 08:15:29 AM
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.
For me whether you hodl it for a very long period of time or sold your hodlings for a short period is not a bad thing, because we have needs in life just like what you have said, there are times that we really need some cash badly and even the price is not acceptable to us we need to do what is necessary for our needs in life. 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.
Long term hodling of bitcoin or any kind of crypto currency are really rewarding and you need to have a lot of patience and faith on what you are doing or beliefs. But it is really hard to hodl a certain coin or token for a very long period of time unless there were no financial problems that will come on your way.
January 30, 2018, 08:05:31 AM
Holding or selling bitcoin for whatever reasons is always depend on one's decision, motives or objectives. Anyway, everyone has an option to sell part of its bitcoin for necessity, and part of it into hold for investment.
January 30, 2018, 07:55:54 AM
Cryptocurrency is a volatile asset. We don't even know how much time cryptocurrencies will live. In such conditions it is possible to make long-term investments? The best option is for me to earn money now. If you can earn more money than you need now you can store in different currencies. I do not rule out that part of the savings can be kept in bitcoin but only that part which you are not afraid to lose. To rely on this part I do not recommend.
Yes, volatile but not getting struck within some range. If you notice, in long periods most cryptos are getting appreciated in their value. So, holding bitcoin kind of highly established crypto coins definitely fetch big advantage than just working for cryptos and selling them for our daily needs.Because, crypto currencies are still in their early phase. To gain attraction from all the people around the world, it is still having investment property. We must make use of them. So, holding is highly recommended for those who are all want to make some easy money still there will be many risks are associated with it.
January 30, 2018, 07:39:48 AM
Cryptocurrency is a volatile asset. We don't even know how much time cryptocurrencies will live. In such conditions it is possible to make long-term investments? The best option is for me to earn money now. If you can earn more money than you need now you can store in different currencies. I do not rule out that part of the savings can be kept in bitcoin but only that part which you are not afraid to lose. To rely on this part I do not recommend.
January 30, 2018, 07:32:32 AM
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 agree with this , but the volatility makes it hard for people . Everybody has the pizza guy in their head , but never forget why you got in . And if you have reached you goal you had in the beginning , you should sell at least a part. January 30, 2018, 07:29:13 AM
There are two kinds of people who technically hold bitcoin and later spend them and the other one is the one who save them so they can get more by buying and investing to the crypto world. Just want to share this but when its about our life....
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.
Good things I read this threads prevoius post and about this is post that states you should only widraw if if you need it no need of bitcoin if your into the point of losing someone like your love one beccause that bitcoin of yours can only save someones life.
For my own comment
Everyone states that they want to have bitcoin because they want to invest and get mocommentmime is the same but when you typically need it the most get it to get somethings that you really need because that is what the real moneys porpuse.
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.
Good things I read this threads prevoius post and about this is post that states you should only widraw if if you need it no need of bitcoin if your into the point of losing someone like your love one beccause that bitcoin of yours can only save someones life.
For my own comment
Everyone states that they want to have bitcoin because they want to invest and get mocommentmime is the same but when you typically need it the most get it to get somethings that you really need because that is what the real moneys porpuse.
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