No but yes
It is best to sell when the price increases but although one is adviced to have some left so as to take advantage of price increases
Topic: It is ok to sell your Bitcoin. - page 12. (Read 3450 times)
HODLING forever is silly, what’s the point HODLING if you can’t enjoy some of your profits & be rewarded for your ultimate patience & dedication. It’s tough during a bear market but I would never advocate selling then. That is your time to buy.
You should sell some when we are riding highs & in a bull market. Don’t sell & waste it though, put money down for a house, pay off debt. Do not buy deprecative assets. Be smart, I wish you good luck.
We must be aware that what is our purpose for holding. The Hodling condition, of course, we know that this is to get more profit from the investment that we are currently running, while when we have received a profit that is in accordance with the target we are aiming for, why continue to be a hodler because our goal has been achieved.You should sell some when we are riding highs & in a bull market. Don’t sell & waste it though, put money down for a house, pay off debt. Do not buy deprecative assets. Be smart, I wish you good luck.
Even though bitcoin is promising, of course we won't be here until the end, regardless of anything, we have to realize that this is only an asset to support our future.
So my question is:
~ Do people hodl just because others are HODLing?
~ Do people hodl just because others are HODLing?
This depends on the goal of that person. Generally, people would HODL since they see the advantage and the value of BTC skyrocketing in the future. Though there are also some cases where people HODL due to the majority trend of most people in this space. But realistically speaking, people HODL due to that hope and possibility of making large amounts of profit in the end.
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~ Why do people hodl rather than sell and buy again when low
Maybe some people are not accustomed to the buy/sell aspect but again, it all boils down to the personal preference of these people. Buying and selling may seem rather inconvenient especially if the difference in the price is somehow minimal.
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~ What is your major reason for HODLing and how do your survive the bear market?
Personally, the major reason on why I HODL is due to the possibility of the price of BTC skyrocketing. My best basis and example is its price history index. The fact that it reached an ATH of $60,000 last year means that there is that possibility of reaching that price again in the market.
What is your major reason for HODLing and how do your survive the bear market?
My major reason for Holding is because it is the only option I have. My major reason for holding is because I have to proof the doubters and naysayers who kept sending me the news headlines and links during the market crash wrong. My bitcoin is worth something and they will see it. The price of bitcoin rose from $17k to $20k and I like how it has reflected in my balance. No, I won't hold forever. I will take profit at some point but I won't chicken out now. 
Others would overthink when they sold their bitcoin it is some sort of quit or end of their journey to bitcoin. Well that is the start as for sure you will be buying it again, it doesn't mean you sell it you won't be coming back it is just you need money or the profit on it for sure you will be investing back if you have spare money or if you saved money. Ive been saving right now to buy more as I hold just a small amount to be ready for the next halving, I am hoping that the price will reach the moon lol.
They can always rebuy it again and they shouldn't think it's the end because the value of BTC can go down again. Having this said, we must sell our BTC before it happens or if our main priority is to invest. We can only sell small amounts if we think hodling BTC is more better to do. Having a fiat on hand can be a good thing to avoid using out BTC in case of emergencies.This should be separated from the fiats that is also intended for buying more coins once the value of BTC drops. The price can go to the moon but I am not sure if will occur this upcoming halving but halving could do some contributions since it halves the supply of the coin making it more scarce.
HODLING forever is silly, what’s the point HODLING if you can’t enjoy some of your profits & be rewarded for your ultimate patience & dedication. It’s tough during a bear market but I would never advocate selling then. That is your time to buy.
You should sell some when we are riding highs & in a bull market. Don’t sell & waste it though, put money down for a house, pay off debt. Do not buy deprecative assets. Be smart, I wish you good luck.
I often hold them during the bear season but sell them when I already gain profit. Perhaps, it was not enjoyable anymore if we keep holding the whole life. You should sell some when we are riding highs & in a bull market. Don’t sell & waste it though, put money down for a house, pay off debt. Do not buy deprecative assets. Be smart, I wish you good luck.
They are just an option as an investor but for me, I preferred not to hold always but rather take some time to sell. In this way, I was still able to earn some profit despite the bearing situation, in fact, having $100 in a month of doing this is not possible and it was a big help to our daily needs. We take every opportunity to earn which somehow could be missed when we are just holding.
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'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?
You've been here in this space for quite some time already, right? If so, I really do think you that already figured out the answers to your questions OP, you just don't acknowledge the answers yourself because you are only inclined to buy low and sell high. Just try to see the whole picture sometimes that buying low and selling high is not the only way to get profits.
HODLING forever is silly, what’s the point HODLING if you can’t enjoy some of your profits & be rewarded for your ultimate patience & dedication. It’s tough during a bear market but I would never advocate selling then. That is your time to buy.
You should sell some when we are riding highs & in a bull market. Don’t sell & waste it though, put money down for a house, pay off debt. Do not buy deprecative assets. Be smart, I wish you good luck.
You should sell some when we are riding highs & in a bull market. Don’t sell & waste it though, put money down for a house, pay off debt. Do not buy deprecative assets. Be smart, I wish you good luck.
It is not bad selling bitcoin and everyone has the right to sell his /her bitcoin, but it is better to sell bitcoin always at the right Time. Some people sell their bitcoin because of how the market is volatile they become panic and sell at lose. The better way to sell bitcoin is when atleast the bitcoin yield some profits , investing bitcoin is all about hodling that is why people needs to learn when is the right time to sell to make profit and not to sell and be at lost because of fear for the market.
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'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?
There is absolutely nothing wrong with selling bitcoin. In my opinion, for bitcoin to succeed bitcoin must be able to be used as a means of transacting, ie money. I understand there are a lot of people that believe in bitcoin just being a store of value but I find that to be faulty thinking, personally.
Yes people "hodl" just because others say to do so, but I think most people who hold their btc do so because they think it's going to increase in value, even those who know nothing about bitcoin.
I think a lot of people who hodl do so because they really understand bitcoin, and its potential.
Hold for life, not for a lifetime, as I always say. What are the benefits of holding assets if you can't make money from them? When I'm holding my wallet, it's my coin. I can sell when I believe it is necessary. I frequently sell my holdings when I make a good profit or when I need cash immediately. Of course, I buyback when I have extra cash and also dipping. This is the standard I use for my holding. Everyone would have a different perspective on their holding; it would not be the same for all holders.
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 doesn't have the same feelings with Hodl let alone follow other people, of course they have different targets why do Hodl instead of selling it, it's clear from what is invested is for long term hodl as a plan from them with the target.~ 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?
Because they already have a principle why stick with bitcoin and buy at a low price, obviously this is an opportunity for them to buy and survive for a certain time of 5-10 years, why do that because we have a goal that the price of bitcoin can be even higher if we hold for a long time, there has even been a lot of speculation about bitcoin to 100k is not impossible because bitcoin increases in the cycle that has been through it.
If the third point asks me why HODLing: Because I can survive in a bear market because I can cover my family's needs, so my finances don't always rely on crypto income but I still run a business that can cover my needs to reach so I can still HODLing and survive the bear market.
It is ok to sell Bitcoin. It is ok to buy Bitcoin. It is ok to trade, it makes Bitcoin more healthy. I am holding my, because I dont have many. Selling it wont change much. I am trying to obtain as much as possible and I think I would hold until Bitcoin price hits 1 million USD.
Today, on January 18 2023, Bitcoin cost about 21k. Even if tomorrow it would cost 42k, I will still hold. Even if the price changes to 100k, I will still hold. If the price makes such huge changes, then it shows that I am doing right thing when I hold, coz a million is not far away or is achievable after all.
Today, on January 18 2023, Bitcoin cost about 21k. Even if tomorrow it would cost 42k, I will still hold. Even if the price changes to 100k, I will still hold. If the price makes such huge changes, then it shows that I am doing right thing when I hold, coz a million is not far away or is achievable after all.
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One thing I can say for myself, apart from bitrefill there are no other easy to use options for spending bitcoin even if I want to. Monthly a specific spending on bitrefill for groceries and phone topups to keep the fiat balance intact is the maximal I can do.
I would say that instead of wasting the money on exchanges to buy shitcoins or gambling it away, holding is one good option if spending them directly is not possible. Giftcards are a good avenue to spend, but we need better streamlined services soon.
Truly only hodling would not yield the same level of profit as buying back after selling and then cycling the money does.
I would say that instead of wasting the money on exchanges to buy shitcoins or gambling it away, holding is one good option if spending them directly is not possible. Giftcards are a good avenue to spend, but we need better streamlined services soon.
Truly only hodling would not yield the same level of profit as buying back after selling and then cycling the money does.
Many people hold because so far holding has been proven to be able to provide greater returns and even holding can reduce the risk of volatility in market price movements, but this is not recommended for us to apply to all cryptocurrencies, only bitcoin is the only coin we believe can survive in a anything and even in the future it is possible that bitcoin will also have a higher value because if we see its adoption continues to increase every year, then I'm not surprised that so far many investors have continued to hold their bitcoins.
Holding is good and it is taught to us that we should hold bitcoin and never sell it. From the last two bull market and bear market, i have learnt one thing. There is no point holding in bull market. It's better to sell bitcoin near the all time high prices (after the halving) and later buy back bitcoin when prices are almost 80% down.
Also, some may argue that we do not know the exact top and exact bottom, but the solution for this is to keeping selling in parts in the bull market and keeping doing DCA in bear market.
~ Do people hodl just because others are HODLing?
Everyone holds for his personal purpose. Some hold through their personal analysis and some hold according to the advice of an expert. Many people hole because others are holdingQuote
~ Why do people hodl rather than sell and buy again when low
No one can tell the actual future of cryptocurrency and no one can guarantee it, so many people are afraid to sell bitcoins because after selling, if the price of bitcoins goes up instead of going down, then they will face a loss. Many people think of a specific time when buying that they will not sell their bitcoins before that time. I think that's what happensQuote
~ What is your major reason for HODLing and how do your survive the bear market?
A common reason for everyone to hold is to make a profit. That is exactly my intention 
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?
~ 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?
Want to let you understand something here, we have different reasons for coming to invest in Bitcoin , some people buy Bitcoin for long term gains, basically to sell in 2,4-10 years to come base on what they know and believe about Bitcoin, while some buy for short term gains, that's those that shorts and long Bitcoin a long the line for short term profits.
Therefore, this whole thing about HODLing is just depends on what you want to do because the funds is yours.
There is a saying that the patient dog eats the fastest bone , Therefore If you are patient with Bitcoin you definitely gonna benefit in the end, because the most patient investors has always come out with there various success stories with Bitcoin.
Everything you have mentioned and asked for has been answered many times in different threads. So you need to search for it. Well, for sure, there are other answers because of different perspectives of people and the different statuses that we have with different people, so they would react differently with how they will use their BTC if they have any.
- People are pretty imitators or copycats. Sometimes they are also peer pressured to do something, which could be why they HODL.
- People HODL because they don't need or don't want to follow the market prices and believe they would have their ROI in the long term.
- I'm HODLing because I believe in BTC and how I'm going to survive is that I make sure I have my finances in check. Understand and know where your money is going, and you can sense what you should do with your money. Hence you would be safe with bear markets.
I would still want to give my opinion on this. It's just how I see this thread.
- People are pretty imitators or copycats. Sometimes they are also peer pressured to do something, which could be why they HODL.
- People HODL because they don't need or don't want to follow the market prices and believe they would have their ROI in the long term.
- I'm HODLing because I believe in BTC and how I'm going to survive is that I make sure I have my finances in check. Understand and know where your money is going, and you can sense what you should do with your money. Hence you would be safe with bear markets.
I would still want to give my opinion on this. It's just how I see this thread.
It is OK to sell your bitcoin. Bitcoin is a currency and one attribute of a currency is its ability to be acquired and spent. So you shouldn't feel bad when spending your bitcoin. If everyone keep holding. The currency purpose of bitcoin will be defeated.
Sell high and buy low can get you extra profit while having your money (bitcoin)
Sell high and buy low can get you extra profit while having your money (bitcoin)
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?
This would be a very strange tactic to behave: buy when others are buying, sell when others are selling. The well-known rule says that you need to act against the market.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?
In investments, one should not follow the examples of others, but should stick to your strategies and implement their plans.
~ Why do people hodl rather than sell and buy again when low
One of the reasons may be the fear that the price will drop even lower. It's hard to stay cool when the market is down and your money is running out. Therefore, many wait and watch what happens next.Another reason may be the banal lack of free funds for the purchase. Since many buy at peaks, especially beginners.
~ What is your major reason for HODLing and how do your survive the bear market?
The main reason can be called the fact that all the most interesting is still ahead and bitcoin is able to surprise very much. Jump to: