Topic: It is ok to sell your Bitcoin. - page 13. (Read 3532 times)

We are all hoping for some moon and this is where we do really expect or being that optimistic about halving event.It isnt really that bad to sell your coins if you dont have any choice and there's something you do need to spend but as much as you could then its better to make use of fiat first and never tend to waste off that coins you've been accumulating.This is what im doing on which as long i do have the fiat to spend
i do never consider on wasting up my coins specially if it was been bought or accumulated while its still cheap but there are really situations in life which you dont really have any choice but to spend it up
but its up to you actually because not all does have that kind of challenges or situations in life when it comes to finances.

Yeap, if you have enough fiat money for current expenses and want to have savings for the future why ho spend a deflationary asset? If you are not good in trading it is better to buy some more bitcoin at the bear market and then hold until you'll need it someday in the future. It's not an irreproachable way of investing and not suitable for everyone but good enough for those who have some free money and want to hold some crypto.

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.

I don't think they all do that because of others but I believe many people will surely copy others people habits in crypto market because they believe in others idea.but know that many people are holding Bitcoin because they believe it worth holding for future due to their research or experience they had in past that it may be expensive

As for me I believe in holding than selling because I am not good in timing market, so i found it too hard to know when to reenter market when sell my Bitcoin and again I believe even if I sell my Bitcoin I have nothing to do with the money rather than buying again, so i always decide to continue holding it.

My reason for holding Bitcoin is that I believe much in holding it for future than doing short trading. I will always survive bear market by holding because I believe batter thing will happen after bear market.

everyone who holds the bitcoin they have must have a definite reason and purpose, and one of the absolute goals is profit.
those who stay hold onto bitcoin when buying in a bear season and they always buy and collect while the price is cheap and hold on until the bulls come and sell it again. and the reason is still the same "advantage"

as I said at the beginning if the reason for holding is future profits. because we all know that holding bitcoin is not a useless thing but it is very profitable if you buy it in the bearish season and hold it until the bullish hits the market.
surviving in bearish times is very easy but not everyone can do it. for myself, choose to survive and always buy with DCA and I collect until the right time to sell it. no matter what happens to the market but my goal is just to hold until the bulls arrive.

Honestly I love Bitcoin. I owe great deal of my current life to bitcoin and satoshi. But I also agree that we shouldn't behave like Bitcoin is a prophet. I am personally hodler type of crypto lover. I tend to buy bitcoin, put in in my cold wallet or send it to my binance earn account. That's what I do in general. But I always feel bad when I need to sell some Bitcoin. But as OP said there is no shame about trading your bitcoin for better position in market. Last bear run could really damage your financial situation. I personally exited after bitcoin crashed like twice and not regretted. I will come back this year anyways. Selling is not abandoning.

Surviving this bear market is very difficult.  Those who have invested in the past are always exhausted and often on the verge of extinction.  Bitcoin holdings basically have to survive trading in this bear market.  Opportunistically buy bitcoins and sell when the price rises.  If there is some partial dividend or benefit we feel successful in trading it.  So in this bear market it is best to invest some amount of assets for long term. 
And keeping some assets for trading can certainly help us survive this bear market.

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.

We have types of investment structures, your subscription might not be same as others but one thing for sure is they knows when best and suitable for them to sell. One thing I mostly noticed about people is that, they often sells when needed fiat to sort out physical problems before you could see someone selling off his assets.
Others may want long time investment according to how they may planned their subscription to either 2 years, or 5 years believing that the price would get doubled the cost price, previewing from the past years which they believe there are better days ahead of just making short time.
Some others persons just as you said or like you can either chose to utilize every single opportunities in bitcoin changes in price, e.g., buying at 20k and selling 21k which is known to be scalping, get one thing in mind that not everyone would have all this time to be buying and selling, most of the investors are workers who do not have time to look over bitcoin prices at every given time rather they are working on their investment plan or subscription.
So it's a self decision on what exactly you want to do with your funds, we both might not have same thing in mind to do. So hold is not bad and selling is not bad as well it all depends on how we sees it.

---

Do not make a double reply... Rather you can quote everyone you wish to, your post might got deleted by mod due frequent reply without waiting for another to post.

I'm not doing it on someone else's basis and I don't feel like anyone can be a role model for hodl because this is based on my own will with the thought that buying with the current DCA and keep adding to the portfolio and keep hodl until the desired target occurs then let go of things that.
It's not really a problem to do this, but sometimes things like this can be a little anxious because we don't even know what will happen in the future, like even if we master technical analysis, nothing is certain there, so there are still many people who are still stick with their hold.
As simple as I wrote before, why I hodling is because I haven't reached the target I want. if I'm already in my target then of course I will stop there because what's the point of continuing to hodling if we have got the profit target we want.

In this crypto world, you as a holder can decide what you gonna do with your Bitcoin. But if you asked why people HOLD their Bitcoin? That is probably because they have something wanted to achieve. As for long-term holders, selling is just an option for them, they might be in need of money for some emergencies or they already get what they want.

In this volatile market, holding is necessary. You could only understand if you are already in the position. Buy, hold, and Sell - I guess you are familiar with this strategy.

If the situation forces to sell and this is the only way to find money, then in this case you need to sell. But if you sell it now, for such a goal, to buy cheaper later, then it is too risky game, because the price can continue to move up.

Such a scenario seems less likely to me, but it also cannot be ruled out. Do not take risks, this risk is not justified, selling at the bottom this is always a bad idea.

Selling it is what you do at some stage. It's ok.

I use it for trading. Not holding besides what I get in dividends. Anyways, Here's a trick for the technically minded:

WBTC/USD>Unisvap v3 LP Position. Scrape fee's in both dollars and wbtc. Hold, buy and sell all in one package.

Kind regards.

Holding for me is profitable. However, I won't hold if it crashes to 90%. Thank goodness the market is showing some improvements. I do not plan on holding forever. When it reaches a price that I have set for myself,
I will take out a small percentage and maybe buy a car or do something nice for myself with it. I already have some sort of plan in me with holding. Whatever it is the plan is to take profit.

If you have read I AM HODLING , you will appreciate the essence of hodling and why the topic creator made the topic.

The topic creator said he wasn't a trader and was not good at detecting when the market will rise or fall. While traders who know their charts can easily get in and out and make profits. He decided to hold his coins such that even if the market falls, it will still rise again and give him some profits.

So, if you don't know when the market goes up or down, don't gamble. Hold till there is a good profit and you can sell.

I'm glad you got my points very well senior and most persons responded to the thread even without being rational but rather were so sentimental with their decision.
I've always been on the opinion than we always use stop losses and watch our profit til it gets to a satisfactory point to is before selling rather than in bit to follow thread to hold, we could sell or swap to usdt when the bear market comes and be willing to buy it back at the end of the bear market by so doing, one will be able to save thyself from the emotional stress associated with tye bear market.
The only difference Bitcoin has with altcoins is the fact that Bitcoin can reach a 0.00(zero) price while altcoins and easily loss all it's value and I guess alot of people are getting the concept of holding wrong.

I totally support this very ending phrase and I've been relating to this phrase when talking to people because I got to be in a recent discussion with some group of friends And i came to realize that some persons actually do investment not because they really wanted to be because they don't want to look odd and most times I see them lacking basic things even when I know they have some nice amount in their portfolio and when I advise them to sell some and sort their problems, they see me as a wrong person and feel I'm against them.
For me I save and invest money with hopes that it saves me when the need be and not because I got others doing it.

Not everyone is like that, OP. Someone keeps bitcoin because everyone follows the trend; someone keeps it because he has other means and doesn’t need money at the moment; and someone takes bitcoin calmly if it is necessary to exchange it for fiat, and he changes it without any regrets. I rather relate to the third point: I don’t make an icon out of Bitcoin; I don’t save to my own detriment, hoping that someday I will be able to get rich. I don't think that Satoshi created Bitcoin so that everyone around him would constantly say that it could not be sold. Some simply overexpose their holding, and at the right time sell themselves to their detriment.
Therefore, you do not need to be fanatical about everything; sometimes life ends faster than someone thinks of becoming rich.
Live here and now.

It's not entirely true, I myself do holding not because of other people, but I'm sure Holding will provide a bigger return when we have bought at a dip price.


Do you have any research on how many people are holding and who are selling? I think they sell more too. Buying again at a low price and holding it is certainly a good advantage in the long term, as long as there is a reserve of money to buy back, maybe a strategy like DCA.



The main reason for Holding as I mentioned earlier, Holding that provides greater returns in the long term and Holding is more recommended for traders who don't have much time to keep monitoring the market. Buy low, hold and then set the highest price target until it is reached. Surviving in a bear market certainly requires a strong mentality and reserves of money to start buying again.

Selling your bitcoin is own your own account,it a thing of if you want to or not.
There most be this reason for you to sell your bitcoin because everyone in life has his or her own issues they face each day and time,so if you are in the need to sell your bitcoin to solve your matter it okay.
Like when I was having these issue of mine it was like a hole lot on my head, so I have to sell out coin so I can resolve the matter at hand.
If you gat a reason for selling your bitcoin and you know you wouldn't regrat it you can always sell.
You been the seller most times most people don't sell because of issues but they just wish to sell but they sell just to feel okay with what they have at hand that moment.
It's has been very legal for you to sell your bitcoin anytime and anywere you are too regardless that it's your own.

That's totally fine if people sold their bitcoins during the bear market. We don't expect to see everyone holding bitcoin with strong hands after all there should be some people selling bitcoins and there can be many reasons for it. For example, some people they sold bitcoins because they got money from a loan and they cannot afford to lose their money, but if my holding bitcoin is easier and the reason is I don't need the money I invested there and I'm patient enough even when I see my bitcoins worth much less than I was expecting to see.