Topic: Is OK to sell but is better to wait - page 2. (Read 293 times)

While long-term holding is more profitable, there's nothing wrong with someone selling their bitcoins right now, as long as they've made a profit and hit their goals, and have no regrets about their decision.
Long-term holding is considered a safe and low-risk method, but if you are confident in your ability to analyze the market and firmly grasp the winnings in short-term investments, you can sell when you make a profit and will buy back when bitcoin corrects. It can be said that it depends on the vision and mindset of each investor.

I would agree that it's better to HODL, but if you need to sell because you need the money to settle some bills or other important matter then why not? And I guess no one will blame you for doing that, it's your money anyways so you can do whatever you want.

But there might come a time when you become mature that you are going to hold and continue to increase your bitcoin no matter what. Maybe you will have that extra money in your pockets besides your bitcoin investment, or you have some other means. And if we are talking about the current market situation, this is still a good chance to invest, in my opinion.

Everyone has a different personal situation and different goals, so this is a difficult question to answer.
However, what is important, and what everyone should do at the beginning of their crypto journey, is to prepare well before entering crypto, to get detailed information about everything and analyze the crypto market.
Based on this, you should prepare a realistic and concrete investment plan, in accordance with your personal financial situation, and have a clear exit strategy.
It is recommended to diversify into different asset classes and to learn to control emotions and make decisions based on facts and not emotions and panic.

Sometimes *HODLING* is harmful and destructive to investment. Imagine that you are holding some altcoins/NFTs/Tokens, whose value will be zero, despite all the warnings that appear to you.
So, long-term investment stems from investment convictions, in addition to the existence of a tight plan and a perception of what might happen, and it fails with most assets.
Bitcoin is the unique case that hodling succeeds with.

That is very important here --there is no need to worry if your decision of selling your bitcoin will fulfill your needs.
At least, it will help you when at the wrong times, but if you are selling without any valid reason that is the problem.
That is why invest only the amount that you can afford and are willing to wait, cutting loss sometimes will happen if you badly needed.

Depends on the situation if he indeed really need the money for something important. Thats why we should always segregate the investment money from that are use on our daily living. Cause investment works for a very long term like years of holding to appreciate its price in the future. Unless he is doing trading that can do scalping everyday to gain more profits by doing buy and sell at a particular set of time.

Although nobody can predict how the market will perform in a few days or more, I don't really see anything wrong with someone selling and taking the small profit they make. If the price drops, they may be lucky to buy back, but if the price rises, they may regret selling early and find it difficult to buy back.but according to what I had experience and heard with a lot of people is that holding for long term is the  easiest and the best strategy in bitcoin investment. and once someone can be patient, the person will make some good profit out there.

There is more to Crypto trading or investment, not everyone can bear the risk especially when the market is not moving so well but a lot of people don’t know this, they only join because of the benefits they have been hearing people enjoy. He joined because he doesn’t want to miss out but since its clear he can’t keep up I advise he should withdraw immediately for his own safety.


I also believe that the reason he is so concerned is that he has invested more money than he can afford to lose. Some people don't conduct enough study before investing in or trading in bitcoin, which usually doesn't pan out well for them because they were hoping for a quick and large return. To invest or trade bitcoin successfully, you need to have discipline and be ready for the worse
I’ve seen this numerous times not to invest what you can’t afford to loose and never invest money you have later plans for but some people will still ignore.

Op, you should be aware of the fact that not everyone has what it takes to hold for a long time, certain circumstances force one to sell even when they want to hold and I think your friend falls into that category. I'm sure he has something substantial to do with the money and needs to cash in and complete whatever it is that he has in his mind.
Remember that dealing with a newbie or someone who does not understand what you're trying to sell to him is different from when you're dealing with a veteran.

If your friend are need the money in hurry, why you should force him to hold his coin until the next year or two years? let's say the money is used to pay his college fee, if he didn't pay it, he will not able to continue his school. Sometime there's an important thing or event we need to consider, not only about money and making maximum profit. If you think profit is the most important thing, you shouldn't become a president since you will try to corrupt as much as possible.

It depends on each of us, we all have different strategies, targets and sales thresholds. We also have different notions of risk, as well as different sensitivities to FUD and the negative buzz in the industry.

Some people choose to invest only what they can accept as a potential loss, and under these conditions it is always easier to hold on to the long term.
Others simply don't have the knowledge and understanding to have a sincere desire to hold their BTC, and the same goes for self-discipline, it depends, we are only human after all.

The important thing is that people are happy when they sell their BTC, that they do not sell it at a loss or with regrets. For example, selling BTC right now might make sense if you came home with purchases made at 15-16k, although in my opinion it would be better to wait.

We are 1 year away from the next halving, so we can speculate that next year and the year following the halving, the price will tend to be active in terms of movement. In my humble opinion, it is better to wait and see what happens after the halving, so as not to miss out on future profits. But no one, neither you nor I can claim to know what the FIAT value of BTC will be in the future, so in any case, no one selling their BTC should be judged negatively for doing so.

Not everyone can be patient to hodl for long term, some people lack the discipline it takes to be a bitcoin traders/investor. I think if your friend does gets anxious or is extremely worried about his bitcoin investments, then he should definitely sell before he gets a panic attack. It could be that he invested more than he can afford to lose, that’s why he’s always concerned about every little dip in the market.

It’s not bad strategy to collect the little profits, some people are really good at scalping. What annoys me is that newbies invest in bitcoin without doing DCA and expect a have a certain profit within a period of time.

Some people will rush to sell at every slight increase. A friend was telling me I want to sell, even though my money is not complete and  I ask him of what profit has achieved investing in the first place? Investment is a like a future you keep hoping for the better.

Keep holding but he's eager to sell and relax his head from worries that is money has gone into extinction, lol. Increase you're having same such mentality, kindy advise!
Hold on and keep holding.
Time is coming when you will be excited about it.