It is ok to sell your Bitcoin. | Bitcointalksearch.org

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Quote from: Obari on January 16, 2023, 03:49:12 PM

I've been in this crypto space for a while now and there is this mentality instilled in people that seems selling ones coin is bad and one is heading to failure which is very wrong at least from my perspective.
I've always been on the track that investing in Bitcoin simply means buying low and selling high, which I think is one of the keys to success in the crypto Industry. I always tell people that the moment you buy at a certain price and it starts rising possibly to a price that you feel ok and contented with, then you should feel free and confident to sell atleast to get the profit first and always use stop loss just incase the price drops, rather than having a little portion of Bitcoin and letting it get liquidated just because you want to preach and prove HODLing, trying not to feel odd.
So my question is:
~ Do people hodl just because others are HODLing?
~ Why do people hodl rather than sell and buy again when low
~ What is your major reason for HODLing and how do your survive the bear market?

Well, you can't accurately predict the bitcoin market. You can't just sell high and buy low. What if you sell high and it goes even higher and it stays at that heightened price? The bitcoin price is influenced by humans, not robots (at least some of it...).

(if I'm wrong about this statement please just reply and tell me I'm wrong)

AnonBitCoiner

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I think that copying someone other is the main reason that why most of the people are unable to get profit. Sometime a person invest in a coin which will be better time but if you copy him then may be this time is not suitable for investment. Therefore just use your own idea and thoughts by acknowledging characteristics of trading.

Holding is better idea but if you have the opportunity to get profit then sell some part of your earnings and lets your other part to buy some bitcoin.
A person should not put large sum because if he has to use some money for the daily uses and the market is lower then he cannot sell his bitcoin because it will not be perfect for the successful results.

The main reason of holding is that a person is not in risk to loss money because at certain time the market will continues to recover again. Holding reduces the risk related issues and you can save your money by holding some stable coin.

pawel7777

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Quote from: DiMarxist on February 22, 2023, 11:15:39 AM

Selling bitcoin depends on your personal intuition.

It shouldn't though. Acting upon pure intuition for making financial decisions is generally a bad idea. What you think is "your" intuition, is usually an emotional reaction to the environment, i.e. if everywhere you look you see FUD - you're more likely to get fearful and sell even if you wanted to hold for a long time.
It's best to have a cold-calculated plan, clear and realistic expectations of your investments and set targets that you want to start realising your gains.

DiMarxist

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To sell Bitcoin is choice, because some people sell Bitcoin at bull market and some people sell it in bear market so to sell bitcoin is not stable,so don't say it is okay to sell bitcoin.rom the prospects of benefitting from bitcoins through investments, there are other uses of bitcoins that still stand out and provide massive benefits.Exactly, the owner of am asset should know when it's okay for them to sell that asset and I'm aware that some certain factors might force some persons to sell when they never wanted to sell.Selling bitcoin depends on your personal intuition.I want to set aside bitcoin for a long time too.

ajiz138

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Quote from: Cantsay on February 22, 2023, 03:21:05 AM

Exactly, the owner of am asset should know when it's okay for them to sell that asset and I'm aware that some certain factors might force some persons to sell when they never wanted to sell. If you can continue to hold for the next twenty to thirty years to come without touching any of your Bitcoin that is to your advantage while if you know you can't stand the idea of hodling for that long then you can sell as you please no one is going to caution or mock you for selling quick.
I know that we have seen so many people who after selling off their holdings began regretting it because the price rose while others were happy because the price dropped.

That factor is because there is no other way but to sell bitcoin at a low price, while for emergency funds he doesn't hold it, he is forced to sell, even though he doesn't want to sell, moreover the only way is in this way, so it is clear that many have experienced it when they are under economic pressure.

As for those who have been holders for decades, they are the winners in terms of big profits, of course, it won't be easy, we have to go through the bullish phase, but we have to be strong not to sell it, sometimes we are itching to sell it at the peak of the bitcoin price.
But it really comes back to the individual, of course, they are the ones who decide whether to sell or hold it.

I don't know when to sell but I think it has exceeded the previous ATH so it's worth selling because I have made a big profit, on the other hand, I want to set aside bitcoin for a long time too.

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Quote from: Ronsbit on February 21, 2023, 06:05:09 PM

Selling bitcoin depends on your personal intuition. From all i have read here, i would say this; selling bitcoin is not wrong neither is there a tag attached to it but it would be nice one collects profit after purchase just as obari has said so as to be on the safe track instead of loosing out to the market volatility as against your initial plans. So therefore, it would be of good importance you take advantage of the market when in the upward trend by collecting profit. If you can too then you put back your profit by purchasing more depending on how deep the market goes

Exactly, the owner of am asset should know when it's okay for them to sell that asset and I'm aware that some certain factors might force some persons to sell when they never wanted to sell. If you can continue to hold for the next twenty to thirty years to come without touching any of your Bitcoin that is to your advantage while if you know you can't stand the idea of hodling for that long then you can sell as you please no one is going to caution or mock you for selling quick.
I know that we have seen so many people who after selling off their holdings began regretting it because the price rose while others were happy because the price dropped.

Smartvirus

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Quote from: Obari on January 16, 2023, 03:49:12 PM

I've been in this crypto space for a while now and there is this mentality instilled in people that seems selling ones coin is bad and one is heading to failure which is very wrong at least from my perspective.
I've always been on the track that investing in Bitcoin simply means buying low and selling high, which I think is one of the keys to success in the crypto Industry. I always tell people that the moment you buy at a certain price and it starts rising possibly to a price that you feel ok and contented with, then you should feel free and confident to sell atleast to get the profit first and always use stop loss just incase the price drops, rather than having a little portion of Bitcoin and letting it get liquidated just because you want to preach and prove HODLing, trying not to feel odd.

You've got some points there as buying when low to sell when high is definitely some principle to success in cryptos and most especially bitcoin but, its got some twists as well. Highs are always for a time and you really lose nothing by hodling even if the market should drop or go bearish. The twist in selling at a high which is predefined by you is that, it could always make another high from your pre-establsihed high and then, it would iche to have sold earlier. Also, the market might not go bearish for another year and having to wait for an entry to open at a low might not happen. Should you buy, you might as much be relinquishing all the profits you thought have gotten back to the same market.

Quote

~ Do people hodl just because others are HODLing?
~ Why do people hodl rather than sell and buy again when low
~ What is your major reason for HODLing and how do your survive the bear market?

~ People hodl because they are convinced to, because bitcoin can't liquidate to zero and they've seen what it has become in years.
~ This is mainly because of the unpredictable nature of the market.
~ I hodl because, its not more of an option for me, I use what I must and when I must plus, have got fiat to support from other streams.

Ronsbit

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Selling bitcoin depends on your personal intuition. From all i have read here, i would say this; selling bitcoin is not wrong neither is there a tag attached to it but it would be nice one collects profit after purchase just as obari has said so as to be on the safe track instead of loosing out to the market volatility as against your initial plans. So therefore, it would be of good importance you take advantage of the market when in the upward trend by collecting profit. If you can too then you put back your profit by purchasing more depending on how deep the market goes

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Quote from: Lanatsa on February 13, 2023, 05:54:27 PM

As long you are making profits or really in positive then profit is profit as always which is good.

Indeed. When we sell our Bitcoin for the profits that meet with the target, it is always good for selling.
I also have my own target for selling, it doesn't depend on a pump but it has a certain percentage of a raise from the buying price. Mostly, the time for selling is in the bullish season and the time for buying is during the bearish season.

Quote from: Inwestour on February 17, 2023, 07:19:36 AM

Everyone can set certain goals for themselves when they are ready to sell, but this raises another question, after we sell bitcoins, how then to protect funds from inflation?

Commonly, people sell Bitcoin for stablecoins. You must know that stablecoins are relatively no significant change in value. So, no worries about inflation.
I assume you did the same way, right? CMIIW

Smartprofit

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If I were immortal, I would never sell my bitcoins.

However, how can I become immortal? Maybe I should let the vampire girl bite my neck? I watched movies about vampires - if a vampire bites you, then you yourself become an immortal vampire.

However, since I am not immortal, I need shelter, food, clothing, and other things.

Therefore, there may be situations when I am forced to sell my Bitcoins. Although I believe that in the future they will cost more than they cost now.

Easteregg69

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Quote from: Broadanbig on February 21, 2023, 03:46:17 PM

There is nothing wrong in it but there is everything wrong in selling everything. As a smart holder no matter how hard things are with you and you feel like selling your bitcoin is youast resort, it would not be advisable you sell all, you will have to sell a little just for the mean time and keep the rest as no one can tell the next direction of the market. I understand that most times this little investment one does stands a a rescue which has been very much helpful to them. Most times falling back to your bitcoin savings or investment is as a result of poor planning. When you have a source of income already which stands as a strong backup for you, you would not in any way get close to your bitcoin savings as you have a rescue paln but it is not so and most times every source nsut have failed and one would have no option than to fall back to his or her bitcoin savings for backup.

It's not ok to sell you.

You need to disable all kind of monitoring till you get accepted.

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Contact with the natural world.

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Broadanbig

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There is nothing wrong in it but there is everything wrong in selling everything. As a smart holder no matter how hard things are with you and you feel like selling your bitcoin is youast resort, it would not be advisable you sell all, you will have to sell a little just for the mean time and keep the rest as no one can tell the next direction of the market. I understand that most times this little investment one does stands a a rescue which has been very much helpful to them. Most times falling back to your bitcoin savings or investment is as a result of poor planning. When you have a source of income already which stands as a strong backup for you, you would not in any way get close to your bitcoin savings as you have a rescue paln but it is not so and most times every source nsut have failed and one would have no option than to fall back to his or her bitcoin savings for backup.

nullama

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Quote from: Lanatsa on February 20, 2023, 05:52:45 PM

~snip~
Whats the point on why we are trying out to earn money? For us to have something to spend,right? Therefore, it isnt really that bad to spend your Bitcoin if you are really that in need or having no other fiat option.

It is really just that there are people who are really that dead serious on holding coins no matter what.Its not bad to have that fixed mindset or goal towards your holdings.

It is really just not that all have the extra fiat money to solve out their financial issues or something that do talks on wanting to buy something.This is why it would really be
that situational if we do speak about other peoples conditions and preference on buying up on things.

Absolutely.

"Hodling Bitcoin" is simply called saving in the real world.

People save money to spend later. With Bitcoin it's the same. The more and longer you save, the more you can spend later on.

There's nothing wrong if you spend money, but of course if you spend more than what you earn, you'll end up poor. If you spend less than what you earn, you'll end up rich. Eventually. Same with Bitcoin.

Lanatsa

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Quote from: nullama on February 19, 2023, 07:05:45 PM

Quote from: Obari on February 18, 2023, 10:28:41 PM

~snip~
People really make selling your hodlings seem like a punishment and there were times I felt bad whenever I had to sell my coin even when I'm in some form of profit and this was because I felt I wasn't doing the right thing not until I held my ground and realized it was my possessions and the decisions to sell or hodl are mine and not someone else's to make.
It really should be stated out the type of hodlings and I think first one you mentioned which is buying some coin and coming back after some few years is the best but can mostly be achieved with greater possessions so as not to get liquidated no matter how bad the market might go against the hodler.

Yeah, absolutely.

The thing is that Bitcoin is just money. Of course it's great to have a mentality of saving more than what you spend, that's part of what makes Bitcoin great.

But the thing is that if you need to buy something, then of course you should be able to sell Bitcoin for that. That's the whole point of money, to acquire goods and services.

Whats the point on why we are trying out to earn money? For us to have something to spend,right? Therefore, it isnt really that bad to spend your Bitcoin if you are really that in need or having no other fiat option.

It is really just that there are people who are really that dead serious on holding coins no matter what.Its not bad to have that fixed mindset or goal towards your holdings.

It is really just not that all have the extra fiat money to solve out their financial issues or something that do talks on wanting to buy something.This is why it would really be
that situational if we do speak about other peoples conditions and preference on buying up on things.

jokers10

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Quote from: Obari on February 18, 2023, 10:28:41 PM

...
People really make selling your hodlings seem like a punishment and there were times I felt bad whenever I had to sell my coin even when I'm in some form of profit and this was because I felt I wasn't doing the right thing not until I held my ground and realized it was my possessions and the decisions to sell or hodl are mine and not someone else's to make.
It really should be stated out the type of hodlings and I think first one you mentioned which is buying some coin and coming back after some few years is the best but can mostly be achieved with greater possessions so as not to get liquidated no matter how bad the market might go against the hodler.

Bitcoin is a deflationary asset so we expect that it will cost more in the future so FOMO will say that we could earn more or buy more, and it will be all the time! So it is good to understand that it is just possessions and you can use it when you like. In the places with a clear division of the seasons we know that some agricultural products will cost more in the winter than in the autumn, but we eat them when we want and not wait until they cost the most to feel we use it the most profitable. The same should be with bitcoins IMO, to use them when you want and not when it is ATH.

nullama

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Quote from: Obari on February 18, 2023, 10:28:41 PM

~snip~
People really make selling your hodlings seem like a punishment and there were times I felt bad whenever I had to sell my coin even when I'm in some form of profit and this was because I felt I wasn't doing the right thing not until I held my ground and realized it was my possessions and the decisions to sell or hodl are mine and not someone else's to make.
It really should be stated out the type of hodlings and I think first one you mentioned which is buying some coin and coming back after some few years is the best but can mostly be achieved with greater possessions so as not to get liquidated no matter how bad the market might go against the hodler.

Yeah, absolutely.

The thing is that Bitcoin is just money. Of course it's great to have a mentality of saving more than what you spend, that's part of what makes Bitcoin great.

But the thing is that if you need to buy something, then of course you should be able to sell Bitcoin for that. That's the whole point of money, to acquire goods and services.

Obari

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Quote from: LowRezStudios on February 15, 2023, 08:03:24 PM

It's ok for one to sell some of their bitcoin.

It's weird if they sell all of it tbh.

Hodlnaughty ya know?

It's not weird if one tried to sell all of his hodlings that's if the need be not just selling for fun sake.
You're a newbie and you really have to try as much as possible to improve your post quality as that is the only thing that guarantees your promotions and it will be best that you focus more on reading and learning rather than being in a haste to respond to topics.

Quote from: Woodie on February 18, 2023, 03:09:48 PM

I think it should be stated that we have two kinds of hodling, the buy your coins now then comeback after a few years to check on your assets and the other kind which is treated like a trading pair which is also the more risky one has your position can be liquidated .

Of the two types when bitcoin started off people bought held made profits and others copied, today its more about what the markets are currenntly doing.

People really make selling your hodlings seem like a punishment and there were times I felt bad whenever I had to sell my coin even when I'm in some form of profit and this was because I felt I wasn't doing the right thing not until I held my ground and realized it was my possessions and the decisions to sell or hodl are mine and not someone else's to make.
It really should be stated out the type of hodlings and I think first one you mentioned which is buying some coin and coming back after some few years is the best but can mostly be achieved with greater possessions so as not to get liquidated no matter how bad the market might go against the hodler.

Woodie

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Quote from: Obari on January 16, 2023, 03:49:12 PM

I've been in this crypto space for a while now and there is this mentality instilled in people that seems selling ones coin is bad and one is heading to failure which is very wrong at least from my perspective.

Selling is not a bad idea if you are selling at a premium to make some profits, isn't this the whole reason of holding as well Roll Eyes

Wait for the cow to be fattened then sell it when its ready Huh

Quote from: Obari on January 16, 2023, 03:49:12 PM

I've always been on the track that investing in Bitcoin simply means buying low and selling high, which I think is one of the keys to success in the crypto Industry.

This is bitcoin 101 and I believe this is a hodlers rule book demands, but looking at this from a traders perspective I think the markets will generally speak to us, for example, if say expectational order flow suggests price will continue on a bullish trajectory then, by all means, find good discounted prices to buy from before the bull is exhausted....

Quote from: Obari on January 16, 2023, 03:49:12 PM

I always tell people that the moment you buy at a certain price and it starts rising possibly to a price that you feel ok and contented with, then you should feel free and confident to sell atleast to get the profit first and always use stop loss just incase the price drops, rather than having a little portion of Bitcoin and letting it get liquidated just because you want to preach and prove HODLing, trying not to feel odd.

Agree with you, lets not try to showoff when the agenda is to withdraw, not doing so means holding on to our losses for a very long time...

Let taking out profits become a habit and not some punishment.

Quote from: Obari on January 16, 2023, 03:49:12 PM

So my question is:
~ Do people hodl just because others are HODLing?
~ Why do people hodl rather than sell and buy again when low
~ What is your major reason for HODLing and how do your survive the bear market?

I think it should be stated that we have two kinds of hodling, the buy your coins now then comeback after a few years to check on your assets and the other kind which is treated like a trading pair which is also the more risky one has your position can be liquidated .

Of the two types when bitcoin started off people bought held made profits and others copied, today its more about what the markets are currenntly doing.

bangjoe

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Quote from: nullama on February 18, 2023, 02:03:48 AM

Quote from: Inwestour on February 17, 2023, 07:19:36 AM

~snip~
Everyone can set certain goals for themselves when they are ready to sell, but this raises another question, after we sell bitcoins, how then to protect funds from inflation?

Do you understand what is the point? Now I buy bitcoin and I consider it a good defensive asset against inflation, but when the price reaches 100k or 200k and I sell bitcoin, the problem will be relevant again, my money will be subject to inflation and I will again have to think about how to protect it from it.

I say this to the fact that perhaps there is no point in selling bitcoins, perhaps this will be one of the most reliable ways to store our funds for a long time. And by then, perhaps adoption will have become more widespread and we will be able to buy goods with bitcoins without any problems.

Yeah, I agree.

I tend to think of it as "buying fiat with Bitcoin" instead of selling Bitcoin to emphasize what you're actually doing. If you think like that, then it makes little sense, because you're trading a great asset for an inferior one.

Of course in some cases you need to use fiat for an intermediary step to actually buy an asset, but to simply keep fiat?, makes little or no sense to me.

I agree that saving money in the long term is stupid because it will be eroded by inflation because basically fiat is not an investment asset.

But in other respects this is a value defense mechanism and adds value or even reduces value to the value we have, if I analogize it maybe fiat-bitcoin-fiat bitcoin and so on which aims to buy when the price of bitcoin is low and sell when it already has a good profit it is estimated enough.
But when thinking that we can buy things with bitcoin in the future, I think it's too far and we don't know when it will happen, so when our bitcoin goes up, I don't think it's wrong to sell it and buy more bitcoin when the market is bearish, I think it's more appropriate.

nullama

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Quote from: Inwestour on February 17, 2023, 07:19:36 AM

~snip~
Everyone can set certain goals for themselves when they are ready to sell, but this raises another question, after we sell bitcoins, how then to protect funds from inflation?

Do you understand what is the point? Now I buy bitcoin and I consider it a good defensive asset against inflation, but when the price reaches 100k or 200k and I sell bitcoin, the problem will be relevant again, my money will be subject to inflation and I will again have to think about how to protect it from it.

I say this to the fact that perhaps there is no point in selling bitcoins, perhaps this will be one of the most reliable ways to store our funds for a long time. And by then, perhaps adoption will have become more widespread and we will be able to buy goods with bitcoins without any problems.

Yeah, I agree.

I tend to think of it as "buying fiat with Bitcoin" instead of selling Bitcoin to emphasize what you're actually doing. If you think like that, then it makes little sense, because you're trading a great asset for an inferior one.

Of course in some cases you need to use fiat for an intermediary step to actually buy an asset, but to simply keep fiat?, makes little or no sense to me.

Topic: It is ok to sell your Bitcoin. (Read 3516 times)