Topic: It is ok to sell your Bitcoin. - page 14. (Read 3532 times)

1- The answer is simply that people hodl bitcoin because of their confidence and belief in the ability of bitcoin and its long-term profits, and not because there are only people who HODL.
2- Perhaps when Bitcoin reaches a low level of buying and did not reach the target they set for selling, so hodling will be the most appropriate decision for them.
3- The main reason for most people to hodl bitcoin is that bitcoin is a good investment in the long term and that through their patience and holding, they will double their capital later, survive in the bear market is that they do not sell at a loss and that they stay away from greed, excessive fear and excess boldness and approach learning, research, and logic and that have enough patience and stablecoins to boost and buy again.

It depends on each people decision, as long as they have a reason and purpose to sell their coins e.g. need a lot money in hurry for health issue etc, it's completely fine. But for those people who sold their coins because they're worried if the price will drop and can't make new ATH, it's really not advisable since it just proving if they're weak hands and no have any reason to sell their coins.

Sooner or later they will regret when Bitcoin price increase while they're already sold their coins.

No people are holding because they want to earn profit and not getting on with the hype unless we are just talking to the new coins that are coming out right now and got influence by those vlogger.


Others bought at high price on which they thought it is low that is why they are still keep holding. I got your point but others tend to hold more because they know that it will raise over a year and they will benefit. Others just forget it and continue holding. Others are also got an extra money on which they still hold but buy again as the price are low.


Profit is really the major reason why we are into holding and surviving in the bear market it is just we need to have to control our emotions and keep on the positive side like we see that bitcoin will be back again in few years. It is simply to say but difficult to do that is why I step away on my wallet in the past year just checking the price rarely

I think you are confusing trading in bitcoin and investing in bitcoin, this are two different means through which people are own and disown bitcoin.
The first is buying and selling bitcoin for maybe hourly or daily profit, this can be done every hour of the day and week to accumulate profit overtime.
While the latter which is investing simply means buying an asset and holding it out for a short or long period of time, in investing, a short period of time can be considered as a minimum of 3 months and a maximum of 6 months, or 1 year for some people.
while long term can be considered as a minimum of 1 year, or 2 years for some people, and there is no maximum period one can hold an asset in a long term plan..

So before buying bitcoin, it is necessary to ask oneself whether you are buying bitcoin to trade with it or investing in Bitcoin for the short term or long term.

I dont hold because others are hodling, i sell my bitcoin when i want to, and keep it if i actually invest in it for the long term profit.

selling and buying again, and then selling and buying even again- this is trading ..
Those who hold their bitcoin probably invested in bitcoin not for the daily or weekly gains but for the short or long term profit.

It's okay to have other sources of income as a bitcoiner it'll help to keep your bitcoin safe. But, if a person has no other source of getting fiat except selling their bitcoin it's not a bad Idea. Since the aim is to make money, it should be spent as well. The truth why it seems hodl is the major advise is that it helps everyone to make profits, once people starts selling the price will be going down, which doesn't help the growth of bitcoin. Having regrets over not taking people's hodl advise depends on how you feel about the market trend. Sometimes after selling at 17k the price hits 21k, as human, you'll have a bit of regret in you for not having patience. That's why we're told to hold, the price can move further and those that didn't hold would regret selling low.

Some do so, some not. Human beings are not identical, we have our personal behaviors. May be we can find a way to classify types of behavior, but there would be multiple types.


Not everyone is a good trader so one reason is not to lose everything being a bad trader. Another reason is FOMO which prevents from reasonable way of operating assets. And may be other reasons also...


Bitcoin is just money. If I need some at the moment and will not have enough fiat or will suppose that it is ATH time I will spend crypto, no problems with that. But as bitcoin is deflationary asset I'll hardly start spending it first if I have some fiat and it is a bear market.

Based on history and personal experience, this is a spell that really works. So nope, I'm doing it on personal initiative.

I have limited analytical accuracy, why not just buy some and hodl on (or temporarily forget about it for a few years). I think it's good if the value will be a surprise someday.

Including the reasons above, and don't open any charts. Focus on earning IRL.

Some other people do that especially newbies since they always look after what their seniors do without even thinking that its risky for them to do so since for sure they might be the late one to secure there profit once the person they ask about it secured theirs without telling it to anyone.


Sometimes other people don't know how to trade so they believe that hodl is the best decision they could do.



If I see the worst market condition where price of bitcoin or altcoin is at all time low.

Also I or we survive because we know this scenario will came and we prepare for bear market to happen.

Everyone has reasons for holding their bitcoins and determining when they will sell them and take their profits.
Usually, people want to take the opportunity to sell at the high, which had happened before when they looked at the last ATH and sold at that high.
And when they have sold their bitcoins, they will wait for the moment to buy again and that moment will come again.
Even the bitcoin price really touched yesterday's lowest point so they can get more bitcoins than before.
My main reason for HODLing is to take the biggest profit so with that profit.
I can buy bitcoin again when the price is at its lowest point.
And I can survive in a bear market because I want to buy more bitcoins.

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

1. Majority probably yes, why because they have no or little knowledge - I personally hold BTC and ETH because i know what this technology means, how can be adopted and how can i benefit from it. NEW ERA (amazing)
2. I think people hold these to bad boys because it gives them privilege over others who do not hold cryptocurrencies and of course majority don't have knowledge of when to buy and when to sell.
3. I cannot "die" even if there is a bear market, even though cryptocurrency collapse and does not bring back up, why?...because i invest as much as i am willing to loss.

Of course, it's ok. I hate maximalists who say that they'll hold it for the rest of their life. What's the point? Taking profits is ok. We all have different expectations.

Most people who hold their bitcoins for a long period of time are doing so because they believe in the bitcoin project and it's a very successful investing strategy. Prices are hard to predict for any volatile asset, we might not find the lowest or highest price to sell coins. Over the last few months a lot of people here on the forum where actually buying bitcoins. I think we all can agree that buying bitcoins for 16-18,000 USD is a very cheap price. But as soon as you start selling all your coins to try and rebuy them at a cheaper level you are actively trading and following a different strategy. You will need to observe markets, invest a lot of time for research and it's not guaranteed that this is going to lead to much higher returns. The main question is if you need the money or not. Usually we should be only investing with money that we don't need, so you will not be forced to sell at unfavourable prices.

The answer to this question depends on a number of factors that need to be considered before deciding whether selling your bitcoins in 2023 is the right choice for you.

Firstly, it’s important to consider the bitcoin market at that point in time. In 2023, the crypto market will likely have gained more traction and stability as its usage becomes more commonplace and accepted. As such, there is potential for prices to rise significantly by then due to increased demand and greater understanding of cryptocurrencies. On the other hand, some investors may wish to take profits earlier rather than waiting until 2023 - especially if their expected return hasn't yet been achieved after several years. Moreover, just like any other investment or currency exchange rates, one must also be aware that the value of bitcoins can decline drastically over time as well and could eventually become obsolete depending on future developments with alternative technologies or financial solutions.

Secondly, you should factor in your own personal goals with investing in bitcoins. Are you aiming to enjoy short-term gains by trading? Do you want long-term investments until retirement? Depending on how much risk are you willing to take within each option; how much money do you plan on making; what is your timeframe for when these profits would come through etc., all play an important role when determining whether it would be profitable for you or not sell your bitcoins in 2023 or not.

Overall, it ultimately comes down to weighing up all considerations carefully before deciding whether selling your bitcoins at a particular date (such as 2023)--or at any point--is suitable for yourself personally . Doing some research into cryptocurrency markets will give further insights into potential swings so decisions can then made with more confidence than if left solely based upon speculation alone

1) This could be true with any asset. Depends on how much you value it and how much others value it.
2) It's much easier to just HODL and go through tough times than trying to predict the volatile market. If you firmly believe that it will go back up, why sell in the first place? just buy more, when its low  
3) Surviving the bear market can be hard but make sure you are financially stable enough to risk some capital into the asset(Bitcoin in this case). How do I survive the bear market? I look for extra side works, that would get my bills paid.

Most holders have their own multiple incomes that's why they don't really need to sell their bitcoins and continue holding them until it reaches the amount they like when to sell them. As for the others who used money that is not supposed to be used in bitcoin investment, they are the one who is panicked right now and they are most likely doubting their own decisions. In this kind of scenario, patience and perseverance is the main key to keep holding on to your bitcoins and you don't rely on them to survive and to fund your essential needs every day. This is where the problem started when they decide to buy bitcoins with everything they have, thinking it would gonna skyrocket in the next few days or months which is kinda stupid because volatility in the crypto market is pretty high. so you are a fool if you have a mindset like that because it's rarely gonna happen.

The answer to your first question is that in my opinion holdings in cryptocurrencies largely depend on the market position/situation. Whether you hold or sell depends entirely on your purchase. If you feel your holding is giving you profit then you can hold.
Most expert holders generally follow the investment principle, the investment principle is that you buy cryptocurrency in a down market and wait for an up market.
Answering your third question will be very difficult for me because I can't control myself in bear market. I experienced huge cryptocurrency losses in 2022 in a bear market. But there is no alternative to holding in a bear market.Those who hold in the bear market are sure to get huge profits in the future.

1. Depends who you're asking. Not everyone is holding bitcoin for the same exact reasons.

2. Because I know I and the huge majority of people can't consistently and accurately predict bottoms.

3. Because I'm long term bullish on bitcoin due to it's characteristics.

Some people are not as informed as we think and don't know as much we think they do when it comes to cryptocurrencies and bitcoins. They just ask and follow what they see other people doing, so actually yes some people are HODLing because other people HODLing, not because they have any real targets.


For this, people have set different targets and instead of sell and buy strategy at any slight indication of price increase, they have decided and set long-term targets for themself for when they will be comfortable with that action.

The problem is never with selling or buying, the problem is with panic selling and panic buying.
That means for example when the price falls down a lot and reaches the bottom the weak hands start selling after that inside the accumulation phase and when price is already down instead of before the drop and when it is still high.
Similarly the same weak hand start panic buying after the price went up and reached higher levels instead of buying in the dip and while price is already low!

Part of this behavior is because some people have have no idea what they are doing. They don't even know what bitcoin is, if you ask them to explain it to you they will say "it is profitable"!

Buying low and selling high is the trading or investment strategy of most people, buying low and selling at the expected price in order to obtain more profits.

They choose to hold for a long time because they believe in the market potential and its technical potential, and believe that the price will eventually rise, and the future will be more potential and valuable.