In the current situation, selling is not the best option but of course, if it is really necessary to sell them, then just go.
If you are buying them at the $18,000 you are earning already, it is somewhat not a bad decision either. If you can hold it long and wait for the next bull season, it is really more profit to get. But of course, we can't simply think that it goes high continuously this time that is why we can see that some people are selling some of their Bitcoin and I know they will still use it to reinvest when the price drops back again.
Topic: It is ok to sell your Bitcoin. - page 16. (Read 3453 times)
~ Do people hodl just because others are HODLing?
No, everyone is independently holding base on his own approach and level of research he has taken while undergoing bitcoin price speculation, but should in case some people follows the crowd then don't be surprised that they may be loosing when other are making profits because they both goes on different strategies on holding.
~ Why so people hold rather than sell and buy again when low
This is very simple to know, buy when it's cheap, hold on till when it rises before selling, isn't this beautiful and easy to do without any fear of missing out.
~ What is your major reason for HODLing and how do your survive the bear market?
Investors hodl during the bear and sells during the bull, another means you could adopt to survive the bear is to adopt a profitable buying strategy like dollar cost averaging pattern for your buying by weekly places, you can decide to hold or sell on this because you bought already at dip and can still sell when little realization is being made from your buying rate.
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 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?
Agreed. I noticed it too for quite some time and that mentality is pretty common and easily instilled amongst the newbies. Somehow the pros and the veterans aren't so much indoctrinated by said notion. Then again for me it's all a matter of capacity really. If you think you can still carry on holding coins despite the bear market, then by all means hold them til the bull market comes around. But if you greatly depend on the value of those coins you own then I highly suggest you pull out some, or maybe even all of it if ever. After all the not losing is still winning, and in this case we have to mitigate the losses you incur which will only be possible if you pull your coins out at an opportune time. 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 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?
The main reason people HODL is because they believe in the long-term potential of the project and technology behind the cryptocurrency. This strategy is based on the idea that the market will eventually recover and the value of the asset will increase. This means that if you HODL at a time when the price is low, you can expect to make a profit when the prices go back up. However, it's important to note that HODLing isn't a foolproof method for success. In fact, this method is often criticized by investors who believe in more active trading strategies.
Maximalist hodlers are a cancer for the mass adoption of Bitcoin, if we truly believe that one day this widely scarce digital currency will become the only economic exchange in the world then we must inevitably start using it in our daily lives. If you tell me that it's not easy at all, I can guarantee you that using services like bitrefill you can easily buy everything using Bitcoin. So we must not become hungry Bitcoin hodlers, but as in classical finance we must set aside and spend at the same time, while those who hope to see bitcoins in the hundreds of thousands of dollars are wrong.
Ofcourse it is okay as long as it is yours. Either you regret it or not afterwards; you are selling your asset for a reason. Regardless whether you sold it early or late; as long as there is a reason from doing so, that would be fine. We have different circumstances as investors in the first place. Some people will say "just hold". There will jist be emergencies in our lives which are totally unexpected and those will be the times wherein you have to break your plans to cope or adjust with the situation. Believe me, this happpens a lot in this industry. I had tough times as well wherein same thing pushed me to sell before rhe previous all time high. It did not gave me any regret since selling was necessary on my end.
So my question is:
~ Do people hodl just because others are HODLing?
No, we all have target prices and as much as we can hold, we'll hold. But no one can stop us if there's a need to sell it because that's how the market works. We have to sell and make a profit out of it so, others are just doing nothing and chilling to hold it until they can see the window of selling it at the desired price that they may like.~ Do people hodl just because others are HODLing?
~ Why so people hold rather than sell and buy again when low
It's because they know that in the future the price will be more expensive and higher. It's a matter of investing and just like any other assets that we know of, we don't want to sell it at a lower price. Holding requires less effort than being that type of buying low and selling high at most types and this is what traders do, trading and investing still have differences.~ What is your major reason for HODLing and how do your survive the bear market?
Based on what I've experienced in the market, being patient is going to be paid off within the next years. I survived the bear market just as the usual, don't look at the charts that you don't like the projection of it and just be solid with your long term plans. 
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?
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