It is ok to sell your Bitcoin. - page 3.

cozytrade

sr. member

Activity: 1097

Merit: 310

Seabet.io | Crypto-Casino

Quote from: jokers10 on February 14, 2023, 07:48:55 PM

Quote from: Picaflor on February 14, 2023, 07:41:43 PM

...
When spending, you're circumventing fiat. You're participating in a circular, Bitcoin economy. KYC-free and without taxation if you so choose. That's a big difference.

Yes, you are right, it is an optimal way of spending and if we had an option to do so in everyday life I'd prefer to use bitcoin and may be some other cryptos mostly every time I buy smth. But main problem that at the moment I can spend bitcoins directly rather rare... so there is usually a choice between not spending at all or exchanging to fiat and spending. As bitcoin is still money you just spend it when you need as you can at the moment, right?

I think Bitcoin is very necessary for us now. Because the price of bitcoin is increasing a lot. We will see that those who can hold bitcoin will make a lot of money from this bitcoin after a few days. In that case, what we have to do is to try to hold bitcoin. And if we spend bitcoin now, then for us. I think it is a great loss.

jokers10

legendary

Activity: 1974

Merit: 3049

Quote from: Picaflor on February 14, 2023, 07:41:43 PM

...
When spending, you're circumventing fiat. You're participating in a circular, Bitcoin economy. KYC-free and without taxation if you so choose. That's a big difference.

Yes, you are right, it is an optimal way of spending and if we had an option to do so in everyday life I'd prefer to use bitcoin and may be some other cryptos mostly every time I buy smth. But main problem that at the moment I can spend bitcoins directly rather rare... so there is usually a choice between not spending at all or exchanging to fiat and spending. As bitcoin is still money you just spend it when you need as you can at the moment, right?

Picaflor

jr. member

Activity: 30

Merit: 6

Quote from: jokers10 on February 14, 2023, 07:25:13 PM

Well okay, but if you hodl your bitcoins forever what impact does it have on you, on bitcoin, on economy in general? If money don't flow they are dead. If you want bitcoin to become stronger and be wider spread it should be used in different purposes all the time, the more often the better. It both gives sense to bitcoin and makes it more attractive to potential users.

Selling and spending are not the same.

What I mean by selling is when you buy BTC as an investment, to sell at a higher price. Nothing wrong with that, but selling for fiat means you're part of the system. You're using their fiat money, on their terms, their rules, with their permission.

When spending, you're circumventing fiat. You're participating in a circular, Bitcoin economy. KYC-free and without taxation if you so choose. That's a big difference.

jokers10

legendary

Activity: 1974

Merit: 3049

Quote from: Picaflor on February 14, 2023, 04:15:35 AM

Selling is bad, because when you sell BTC, you have less BTC and your ability to fuck the state diminishes.
It makes you more of a slave, it makes you weak and powerless.

Well okay, but if you hodl your bitcoins forever what impact does it have on you, on bitcoin, on economy in general? If money don't flow they are dead. If you want bitcoin to become stronger and be wider spread it should be used in different purposes all the time, the more often the better. It both gives sense to bitcoin and makes it more attractive to potential users.

nullama

hero member

Activity: 1008

Merit: 960

Quote from: Picaflor on February 14, 2023, 04:15:35 AM

Selling is bad, because when you sell BTC, you have less BTC and your ability to fuck the state diminishes.
It makes you more of a slave, it makes you weak and powerless.

Bitcoin is money in the end, and you can of course use money to buy goods and services.

The key is to spend less than what you make, therefore always saving money.

Saving in Bitcoin gives you a better long term return than any other fiat currency.

Instead of having to invest in something, you can simply save money for the long term.

Picaflor

jr. member

Activity: 30

Merit: 6

Selling is bad, because when you sell BTC, you have less BTC and your ability to fuck the state diminishes.
It makes you more of a slave, it makes you weak and powerless.

fzkto

sr. member

Activity: 2282

Merit: 439

Cashback 15%

Quote from: Cryptomiles1 on February 13, 2023, 06:31:21 PM

Quote from: Questat on January 16, 2023, 04:34:52 PM

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.

One thing I understand about people trying to sell their bitcoin is that they might be in need of it either to sort out some bills that surrounds them and also wanting to do DCA this methods have help me so much, at some points I felt like selling my bitcoin was a sin little did I know that I was doing my self good after I sold, I bought back very low. But in most case when the market is on bull trends I don't advise to just sell of your bitcoin rather keep holding and watch the market to see the next price action before hitting the sell button.

You're right, it's not a good idea to sell bitcoins if you haven't had time to do so at 60k or 40k. Especially now it is dangerous to sell it when the market is not far from the bottom. The only thing left for any investor to do now is to hold. But it should be noted that the closer the bottom is, the more nervous it gets. Many people have sold just because of this and ended up losing money.

siniminomorocomunisakito

member

Activity: 420

Merit: 34

As you can see, there's a reason why most people want to sell their bitcoin: it's because they're afraid of losing money. To them, it's much easier to hold BTC since they don't want to watch their investments disappear in the market. However, this same fear often appears among seasoned investors.

Hodling, as opposed to trading, is probably the biggest reason why so many people are attracted to this cryptocurrency. It is a mental thing that each person basically has to decide for himself or herself. The most important thing to remember is that, if you're planning to hodl, that's ok too. Chances are, you're not alone.

idrisalomagold

full member

Activity: 443

Merit: 101

Quote

It is ok to sell your Bitcoin?

Yes, it is generally okay to sell Bitcoin if you own it and wish to sell it for cash or another form of currency. Bitcoin is a decentralized digital currency that can be bought and sold on various cryptocurrency exchanges. The decision to sell Bitcoin is a personal one and depends on various factors such as financial goals, investment strategy, and market conditions.

However, it's worth noting that the value of Bitcoin can be quite volatile, meaning that its price can fluctuate rapidly in a short period of time. As with any investment, there are risks involved, and it's important to do your own research and understand the risks before making any investment decisions.

It's also important to be aware of any tax implications of selling Bitcoin, as the tax laws surrounding cryptocurrencies can be complex and vary depending on the country or region in which you reside. It may be a good idea to consult with a tax professional to understand the tax implications of selling Bitcoin in your specific situation.

Cryptomiles1

full member

Activity: 798

Merit: 134

Quote from: Questat on January 16, 2023, 04:34:52 PM

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.

One thing I understand about people trying to sell their bitcoin is that they might be in need of it either to sort out some bills that surrounds them and also wanting to do DCA this methods have help me so much, at some points I felt like selling my bitcoin was a sin little did I know that I was doing my self good after I sold, I bought back very low. But in most case when the market is on bull trends I don't advise to just sell of your bitcoin rather keep holding and watch the market to see the next price action before hitting the sell button.

nullama

hero member

Activity: 1008

Merit: 960

Quote from: Jatiluhung on February 13, 2023, 05:01:11 PM

Today I got the opportunity to accumulate more bitcoins. because some of the fud that continues to appear, the bitcoin price has been corrected. and this further strengthens me to add back my bitcoin holdings.

I am one of those who choose to hodling because from the start my plan was long term. but yeah it's okay if people sell when the price goes up and buy back every time the price goes down. it is freedom for everyone who invest in bitcoin.

Well, you have to remember that everyone's price is different.

Some people selling now might have bought it in 2012.

At the end of the day, the more time you wait, the more value for your Bitcoins you should be able to get.

But also, it's a great way of paying for things. You can always buy and replace, if you're paid in fiat. That way you keep your Bitcoin stack, and also get to pay in Bitcoin. Best of both worlds.

Lanatsa

hero member

Activity: 2968

Merit: 687

Quote from: kawetsriyanto on February 13, 2023, 04:54:24 PM

Quote from: S A KHAIR on February 13, 2023, 07:39:53 AM

No one forces you to hold, if you have the ability to make a profit, you should not ignore it. Holders because they don't want to take risks in the short term, the trade may or may not be profitable, but holding will almost certainly be profitable. I also want to hold bitcoin long term, I believe long-term bitcoin will give a better return than trading.

It is your right to hold for a long term or a short term. But taking profits is something for sure.
No one invests his money for no hope of profits. Everyone expects the profits if they invests money. It is different when a person saves/keeps fiats on the bank, they never expect for profits. Holding Bitcoin is just temporary, everyone must sell their Bitcoin. So, it is always okay to sell our Bitcoin if the profits meet our target.

We do have our sell levels
We do have our tolerance
We do have our own targets

This is why each of us would really be neither be selling when there's a pump or would really be doing nothing at all.When it comes to selling then its none others business
on whatever actions you would be making in your actions.

As long you are making profits or really in positive then profit is profit as always which is good.

Jatiluhung

sr. member

Activity: 980

Merit: 451

CasinoPunkz.io

Today I got the opportunity to accumulate more bitcoins. because some of the fud that continues to appear, the bitcoin price has been corrected. and this further strengthens me to add back my bitcoin holdings.

I am one of those who choose to hodling because from the start my plan was long term. but yeah it's okay if people sell when the price goes up and buy back every time the price goes down. it is freedom for everyone who invest in bitcoin.

kawetsriyanto

legendary

Activity: 2492

Merit: 1140

duelbits.com

Quote from: S A KHAIR on February 13, 2023, 07:39:53 AM

No one forces you to hold, if you have the ability to make a profit, you should not ignore it. Holders because they don't want to take risks in the short term, the trade may or may not be profitable, but holding will almost certainly be profitable. I also want to hold bitcoin long term, I believe long-term bitcoin will give a better return than trading.

It is your right to hold for a long term or a short term. But taking profits is something for sure.
No one invests his money for no hope of profits. Everyone expects the profits if they invests money. It is different when a person saves/keeps fiats on the bank, they never expect for profits. Holding Bitcoin is just temporary, everyone must sell their Bitcoin. So, it is always okay to sell our Bitcoin if the profits meet our target.

abel1337

legendary

Activity: 2492

Merit: 1145

Enterapp Pre-Sale Live - bit.ly/3UrMCWI

Quote from: danadc on February 13, 2023, 01:53:49 PM

Quote from: S A KHAIR on February 13, 2023, 07:39:53 AM

Quote from: Henrobakkara on February 13, 2023, 06:37:33 AM

Quote from: summonerrk on February 08, 2023, 12:47:13 PM

Quote from: Obari on January 16, 2023, 03:49:12 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?

When the cryptocurrency falls, newcomers panic. They don't realize it's A SALE. And experienced people buy it without succumbing to emotions. Absolutely logical action, since it follows the golden rule in the world of trading - buy when the coin is cheap, and sell for expensive at the top of the price. In the future, the price of bitcoin may fall even lower, so now you should not buy with ALL the money. It is always necessary to leave financial room for maneuver. In our case - additional purchases. Keeping bitcoin without sales and purchases is not right. I think you should always balance between BTC and USDT.

Right, so I really don't get the logic of HODL forever without taking advantage of the market opportunities as in the Bull and Bear markets. I still believe in the idea of investment which is making a profit hence it is practically OK for you to sell your Bitcoin so long as you are doing it the right way of buying lower and selling higher, taking profits and doing it again around the market circle.

No one forces you to hold, if you have the ability to make a profit, you should not ignore it. Holders because they don't want to take risks in the short term, the trade may or may not be profitable, but holding will almost certainly be profitable. I also want to hold bitcoin long term, I believe long-term bitcoin will give a better return than trading.

That is true, people who have Bitcoin can do what they want with their Bitcoin, because it is their money and they decide how to spend it or how to save it, what we are trying to say here are the benefits that are obtained by having it. in hold mode it is much better because it can become a million-dollar investment and without spending so much time. If a person wants to sell and that is their decision, then they have to quit, just not complain that they sold their bitcoin for $21,000 when they could have sold it for more than $100,000, because when bitcoin goes up is when they will regret it.

As long as we have the full access of bitcoin that we have, We can hold it as long as we can and sell it as early as we can. It is the owner decision on what do he want's with his bitcoin procession. People are recommending to hold bitcoin for a long time since it is proven that it appreciates over the time and you can get profits from it by not selling. Though if you badly needed to sell to put the money on different things it is alright to sell especially if you gained profit from it or the money you need will also generate money faster than waiting bitcoin to appreciate. Just don't be like the old me where the money I got from selling bitcoin where put into non-sense self gratification things that depreciates over the time and regretted it after seeing the price blows up. It's a matter of decision on how you will do with your bitcoin, It's yours and yours only.

danadc

sr. member

Activity: 1092

Merit: 342

WOLFBET.COM - Exclusive VIP Rewards

Quote from: S A KHAIR on February 13, 2023, 07:39:53 AM

Quote from: Henrobakkara on February 13, 2023, 06:37:33 AM

Quote from: summonerrk on February 08, 2023, 12:47:13 PM

Quote from: Obari on January 16, 2023, 03:49:12 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?

When the cryptocurrency falls, newcomers panic. They don't realize it's A SALE. And experienced people buy it without succumbing to emotions. Absolutely logical action, since it follows the golden rule in the world of trading - buy when the coin is cheap, and sell for expensive at the top of the price. In the future, the price of bitcoin may fall even lower, so now you should not buy with ALL the money. It is always necessary to leave financial room for maneuver. In our case - additional purchases. Keeping bitcoin without sales and purchases is not right. I think you should always balance between BTC and USDT.

Right, so I really don't get the logic of HODL forever without taking advantage of the market opportunities as in the Bull and Bear markets. I still believe in the idea of investment which is making a profit hence it is practically OK for you to sell your Bitcoin so long as you are doing it the right way of buying lower and selling higher, taking profits and doing it again around the market circle.

No one forces you to hold, if you have the ability to make a profit, you should not ignore it. Holders because they don't want to take risks in the short term, the trade may or may not be profitable, but holding will almost certainly be profitable. I also want to hold bitcoin long term, I believe long-term bitcoin will give a better return than trading.

That is true, people who have Bitcoin can do what they want with their Bitcoin, because it is their money and they decide how to spend it or how to save it, what we are trying to say here are the benefits that are obtained by having it. in hold mode it is much better because it can become a million-dollar investment and without spending so much time. If a person wants to sell and that is their decision, then they have to quit, just not complain that they sold their bitcoin for $21,000 when they could have sold it for more than $100,000, because when bitcoin goes up is when they will regret it.

White pawn

member

Activity: 178

Merit: 22

Bisq Market Day - March 20th 2023

Quote from: Maestro75 on February 07, 2023, 05:35:01 PM

Number 1, yes there are people who hold because others are holding. They hold till price increases and they don't sell off, price crashes back again and they continue to hold. Answer to your 2nd question. Alot of people keep holding because they do not know when and how to sell off and then buy back quickly at cheaper price. My reason for holding is to make more profit when it appreciates in price. I do not want to hold for the sake of holding without making profit from it.

There are definitely people who buy and hold bitcoin cause others are doing same. I think those category of people do not or would not know when to sell cause the people they know who are also holding aren’t selling.
They haven’t got a mind of their own and do things cause others are doing it. They probably acquired bitcoin in the first place cause people they know are buying.
I think a majority of people with bitcoin assets are and have been holding cause of the ability to make some good profits.

BenCodie

legendary

Activity: 1722

Merit: 1048

Quote from: S A KHAIR on February 13, 2023, 07:39:53 AM

Quote from: Henrobakkara on February 13, 2023, 06:37:33 AM

Quote from: summonerrk on February 08, 2023, 12:47:13 PM

Quote from: Obari on January 16, 2023, 03:49:12 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?

When the cryptocurrency falls, newcomers panic. They don't realize it's A SALE. And experienced people buy it without succumbing to emotions. Absolutely logical action, since it follows the golden rule in the world of trading - buy when the coin is cheap, and sell for expensive at the top of the price. In the future, the price of bitcoin may fall even lower, so now you should not buy with ALL the money. It is always necessary to leave financial room for maneuver. In our case - additional purchases. Keeping bitcoin without sales and purchases is not right. I think you should always balance between BTC and USDT.

Right, so I really don't get the logic of HODL forever without taking advantage of the market opportunities as in the Bull and Bear markets. I still believe in the idea of investment which is making a profit hence it is practically OK for you to sell your Bitcoin so long as you are doing it the right way of buying lower and selling higher, taking profits and doing it again around the market circle.

No one forces you to hold, if you have the ability to make a profit, you should not ignore it. Holders because they don't want to take risks in the short term, the trade may or may not be profitable, but holding will almost certainly be profitable. I also want to hold bitcoin long term, I believe long-term bitcoin will give a better return than trading.

The best strategy is to balance your necessities with your holdings to enable you to hold for a long period of time. In conjunction with what you said, this means capitalizing when it is necessary to capitalize. Take small amounts on the rises and with the excess profit, buy back lower later. Keep a small reserve for this strategy while locking away your lifetime savings in a cold wallet. A good balance means longer hold and more gains without pain along the way!

hitsnorth

jr. member

Activity: 145

Merit: 1

Quote from: Henrobakkara on February 13, 2023, 06:37:33 AM

Quote from: summonerrk on February 08, 2023, 12:47:13 PM

Quote from: Obari on January 16, 2023, 03:49:12 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?

When the cryptocurrency falls, newcomers panic. They don't realize it's A SALE. And experienced people buy it without succumbing to emotions. Absolutely logical action, since it follows the golden rule in the world of trading - buy when the coin is cheap, and sell for expensive at the top of the price. In the future, the price of bitcoin may fall even lower, so now you should not buy with ALL the money. It is always necessary to leave financial room for maneuver. In our case - additional purchases. Keeping bitcoin without sales and purchases is not right. I think you should always balance between BTC and USDT.

Right, so I really don't get the logic of HODL forever without taking advantage of the market opportunities as in the Bull and Bear markets. I still believe in the idea of investment which is making a profit hence it is practically OK for you to sell your Bitcoin so long as you are doing it the right way of buying lower and selling higher, taking profits and doing it again around the market circle.

That's true. I don't want to hold my BTC forever too, but I haven't seen a price that would be enough for me to sell my BTC. Eventually, I'll do that, and if it drops I'll buy it again.

S A KHAIR

full member

Activity: 952

Merit: 108

1xBit recovered their reputation

Quote from: Henrobakkara on February 13, 2023, 06:37:33 AM

Quote from: summonerrk on February 08, 2023, 12:47:13 PM

Quote from: Obari on January 16, 2023, 03:49:12 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?

When the cryptocurrency falls, newcomers panic. They don't realize it's A SALE. And experienced people buy it without succumbing to emotions. Absolutely logical action, since it follows the golden rule in the world of trading - buy when the coin is cheap, and sell for expensive at the top of the price. In the future, the price of bitcoin may fall even lower, so now you should not buy with ALL the money. It is always necessary to leave financial room for maneuver. In our case - additional purchases. Keeping bitcoin without sales and purchases is not right. I think you should always balance between BTC and USDT.

Right, so I really don't get the logic of HODL forever without taking advantage of the market opportunities as in the Bull and Bear markets. I still believe in the idea of investment which is making a profit hence it is practically OK for you to sell your Bitcoin so long as you are doing it the right way of buying lower and selling higher, taking profits and doing it again around the market circle.

No one forces you to hold, if you have the ability to make a profit, you should not ignore it. Holders because they don't want to take risks in the short term, the trade may or may not be profitable, but holding will almost certainly be profitable. I also want to hold bitcoin long term, I believe long-term bitcoin will give a better return than trading.

Topic: It is ok to sell your Bitcoin. - page 3. (Read 3532 times)