It is ok to sell your Bitcoin. - page 10.

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Quote from: Obari on January 16, 2023, 04:49:12 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.

If the main goal of holding Bitcoin is to buy and sell immediately as the price rises, many early investors will be unable to keep their Bitcoin until today, and Bitcoin adoption will not have reached this stage because people will simply regard Bitcoin as a commodity that they will trade.

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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?

Everyone has their own perspective on holding Bitcoin; some people are short-term investors who only buy Bitcoin to sell it after they have made a profit; they have no intention of holding Bitcoin for an extended period of time; I refer to those types of people as traders, not holders, because Bitcoin holders are people who hold Bitcoin for an extended period of time.

SmartCharpa

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Yes, it's acceptable to sell your bitcoin when you've made a lot of profit. As for me, I buy bitcoin when the price drops and sell it when the price rises because we can't let the price fall on bitcoin when we've made a lot of profit lest we lose the money we've already earned. I may therefore sell bitcoin if the owner approves of the decision.

Negotiation

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For the crypto market to go up and down it is a good idea to sell coins when the price goes up and hold when the price goes down. Investing in bitcoin is a good long term investment alternatively, instead of scheduling a one on one meeting ahead of time, we can go to a local bitcoin meetup. There are a plethora of similar events around the world, where attendees can buy and trade bitcoin and other digital currencies. This is usually the safest setting for face to face communication it is the right time to hold as the price of bitcoin will go higher.

Davidvictorson

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Quote from: Obari on January 16, 2023, 04:49:12 PM

~ What is your major reason for HODLing and how do your survive the bear market?

My main reason for hodling is that it gives me peace of mind. However, I do advise people who are interested in investing not to invest a dime in Bitcoin until they have paid off all high interest debt and have multiple months' worth of living expenses saved in fiat for an emergency fund. This is the first rational step I took, and now I hold stress-free. Another thing I tell them is to ensure that they never sell at a loss should any exigency happen, say the loss of a job or illness.

nullama

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Quote from: jokers10 on January 24, 2023, 07:34:09 AM

~snip~
There are not enough vendors accepting bitcoin to buy everything you want at the moment. So if you want to spend your bitcoins unfortunately you still usually need to use a some fiat currency intermediate. But if you talk about exchanging bitcoin to fiat not for specific purchase then I can only agree that see no sense choosing to change holding from bitcoin to fiat.

Yeah, for small amounts, day to day expenses in which is not possible to pay with Bitcoin, I'm wondering if it could be a good idea to have one of those prepaid cards that you topup with Bitcoin.

Basically that way you only sell exactly what you need when you need it, and don't have to be exchanging Bitcoin to fiat all the time manually.

I can see that as something useful. Not to have your whole savings, but to have lets say a week or a months expense worth there.

On the other hand I can see how simply exchanging fiat whenever you want to and keeping a fiat buffer might be a better idea.

Jatiluhung

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Quote from: Obari on January 16, 2023, 04:49:12 PM

~ What is your major reason for HODLing and how do your survive the bear market?

To be honest, I was thinking about the same thing as you. and I think it's not wrong. because it's a choice for everyone. and I almost sold the bitcoins I have that I have been buying from since the price is $16K USD. I thought it would be a good idea to sell now and make a small profit and plan to buy it back when the price starts to drop again.

But I thought again and I just realized and remembered my initial intention to accumulate bitcoins.
that is for long term investment. and because I have my main income from my real job. and the money i use to invest in bitcoin is just the money i put aside from my paycheck. even beyond my savings. so I really don't need money to have to sell my bitcoins.
and that strengthened me again to return to my initial intention of investing for the long term. In fact, instead of selling, I'm even interested in adding to my purchases.
however I think hodling are those who invest for the long term.

jokers10

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Quote from: nullama on January 23, 2023, 10:14:33 PM

Buying fiat with Bitcoin makes little sense to me.
...

There are not enough vendors accepting bitcoin to buy everything you want at the moment. So if you want to spend your bitcoins unfortunately you still usually need to use a some fiat currency intermediate. But if you talk about exchanging bitcoin to fiat not for specific purchase then I can only agree that see no sense choosing to change holding from bitcoin to fiat.

leonair

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Quote from: Obari on January 16, 2023, 04:49:12 PM

~ Do people hodl just because others are HODLing?

A person who is intelligent and understands the benefits of holding and can do good analysis himself never holds because others hold. He holds to his own purpose and plan

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~ Why do people hodl rather than sell and buy again when low

When someone buys bitcoin at a high price but after investing the price starts to fall, he doesn't sell it and buy more when low because he averages his purchase price so as not to face too much loss.

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~ What is your major reason for HODLing and how do your survive the bear market?

The reason of all holdings is to achieve high quality profits. The only way to survive in a bear market is to hold strong without panicking and averaging the price by buying more bitcoins at lower prices if you can.

nullama

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Quote from: Obari on January 16, 2023, 04:49:12 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?

Buying fiat with Bitcoin makes little sense to me.

But exchanging Bitcoin for another asset, like a house for example, is absolutely fine in my mind.

At the end of the day it's money, and people can do whatever they want with their money.

People hodling is basically people saving money for a future spending. That's how money works. Just that fiat makes that saving not as efficient as possible because it loses value over time through inflation.

BALIK

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Quote from: Obari on January 16, 2023, 04:49:12 PM

~ Do people hodl just because others are HODLing?

I'm investing for myself, I'm not investing for anyone, so there's no reason for me to follow what others do. I have my own plan.

Quote from: Obari on January 16, 2023, 04:49:12 PM

~ Why do people hodl rather than sell and buy again when low

I don't know why people hold, but for me, it's because I like bigger profits, and no one knows after we sell bitcoins, bitcoins will go up or down afterward. If bitcoin does not drop as expected, we will lose our chance to buy cheap bitcoin.

Quote from: Obari on January 16, 2023, 04:49:12 PM

~ What is your major reason for HODLing and how do your survive the bear market?

Whether holding or trading, the ultimate goal is profit. I have multiple sources of income, and investing in bitcoin is idle money, so I can hold it for 5 years, and 10 years, I'm not too worried about my investment in the short term.

Stella Mese

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Quote from: TribalBob on January 23, 2023, 06:41:33 PM

the main reason I'm holding is, I believe in the coin that I choose to invest in will provide profits in the future, and the coin does have good potential too where the coin already has a clear history and has been tested in several years so that it can be said to be safe for invested in the long term

I also think so, because for long-term investment, of course, it will provide different satisfaction.

so sometimes after being sold but seeing the price soar even higher ends up buying again, and that can result in a fatal mistake.
so the bear market is a moment to buy and simultaneously hold for a long time.

milewilda

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Selling or not which it would really be depending on you because you are the ones who do have the full decision whether you would be holding for long term or would be tending to make out some short trading and trying out to accumulate as much as you could but this is something that is really hard to deal with due to volatility.It doesnt make any sense that you are really that relying or basing up with others decisions which if they hold then you do hold to? Stick with your own and dont be that reliant into others calls and investment decisions because you could make one for yourself and find out which is really that worth and which is something
that you could be able to hold or do through.

nimogsm

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I will try to answer all the points at once.Bitcoin is one of the ways to store your funds for many, besides, over the years in the industry it has become like a hobby, so there is no desire to sell your savings.But at one point when the price reaches the desired maximum,I would calmly sell all my stocks and start saving again.

Fatunad

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Quote from: Obari on January 16, 2023, 04:49:12 PM

~ 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?

-It does vary because if you do hodl then you do able to see that Bitcoin or other coins does have that potential.
-You wont loss nothing as long you dont sell or close up your position but instead you could really make out some DCA or accumulating while it is getting into the bottom which would really be
increasing up your holdings and this thing is a must if you are really that going for long term with Bitcoin.
-Dont make yourself that checking too much about market movement or condition so that you wont really be that emotionally impulsive because if you do, then you would
really be having the high potential or possibility that you would be altering out your decisions.

TribalBob

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the main reason I'm holding is, I believe in the coin that I choose to invest in will provide profits in the future, and the coin does have good potential too where the coin already has a clear history and has been tested in several years so that it can be said to be safe for invested in the long term

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Quote from: Obari on January 16, 2023, 04:49:12 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?

People buy bitcoin and a separate come because of their target so buying bitcoin low and sell high depends on the kind of investment you are running if you are into short-term investment you can sell bitcoin when it have a little difference profit then when you are into long-term investment you will say we are going when it is in bullish market not in the Irish market so that is the difference many people hold their come for years in order to make a good profit but short-term investors does not hold their coin so that they can go back to market and get another car so they are looking for a minor profit for the investment not a mega profit

Vaskiy

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Selling bitcoin is upto the users. Different users have different calculations as well as different market prediction. The expectation and the reality won't make a coincidence with majority of the users. Good is to make use of every opportunity to make little profit out of the fluctuations unlike the market trend. If your good enough and satisfied with the price at which its been bought and the present selling price, then it is good to sell.

Lillominato89

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Quote from: Obari on January 16, 2023, 04:49:12 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?

I believe that every Bitcoin investor must be free to choose what to do with their money, I agree with you that one of the best strategies is to buy low and sell high, but it's also quite a risky strategy! maybe someone enters at a certain price thinking it was a good price and then sees the price collapse and immediately lose money! therefore holdare is also a more conservative strategy! maybe there are those who also opt to make DCAs and reduce the average purchase price by buying downwards! there are many strategies and everyone opts for the one that suits them best

bnbstorm

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Quote from: Obari on January 16, 2023, 04:49:12 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?

1. People hodl Bitcoin because they believe it is better than fiat. Fiat value is drastically drowning every year and people are converting to Bitcoin due to its limited supply.
2. People cannot sell and buy again because their buy price is usually higher than their selling price. They can definetely buy on lower prices later but there are chances that market never see that prices so they do not want to take risks.
3. I hodl because I believe Bitcoin is an escape from traditional banking system. I survive by working on other projects and try to not spend my bitcoins below buy price.

bitgolden

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Quote from: Japinat on January 23, 2023, 03:15:44 PM

Quote from: trendcoin on January 19, 2023, 07:17:49 PM

Selling Bitcoin to buy more Bitcoins is the right action, but in general this is not easy to achieve as the movements in bull seasons are very rough. Last bull season, I tried to achieve this. My portfolio has never seen a negative balance, but I certainly haven't made as much money as those who just hold. In addition, I followed prices for days and did fine-grained technical analysis. Those who just hodl made more money than I did with less effort.

Most of the time, you can never chase the ones who are looking to hodl for a long-term because even if you turn the world upside down, you're still behind them and that's for a fact except if you got more capital than most of the investors who are already hodling for years ahead but, the thing is, their profits is still bigger because their capital isn't that huge. Buying low while selling high is just often used by short-term hodlers and traders.

I do something similar, I just keep buying every single month when I get my salary and I am not "that" rich, sure I am doing fine, and I am not having hard time living, but I can't just get a plane ticket and go to another nation for example, that would be way way way out of my reach, whereas there are millions of people who could do that, and I can't, because I live in a poor nation.

But, it is true that the percentage of how much I profited so far in the crypto world is a lot, I haven't made a lot in amount, but I made a lot in % because I have invested for a while now. This is why it's quite important to remember that you should be working towards being richer than your old self, not someone else.

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