It is ok to sell your Bitcoin. - page 5.

Maestro75

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Quote from: Obari on January 16, 2023, 04:49:12 PM

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?

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.

hcampaingns

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Quote from: blockman on February 06, 2023, 05:02:10 AM

Quote from: yudi09 on February 06, 2023, 01:17:03 AM

The reason investors choose to hodl is actually the same because they clearly want to make a profit as the purpose of the investment itself.

Yup and that's true.
We're all ending with the same reason why we hold and that is because we want to see our holdings have a better price and value to appear. There's no other reason why we want to hold. Yes, some may literally say that they're for the tech but we can't remove one fact and that is all about wanting to make more in the long run because we're all aware the longer we hold then the better value and price will be seen soon for bitcoin.

You are right bro!
we are hold it just getting profite in future. if we hold it for a long time then BTC make a better and Value able price. We just want secure of money and get some profite by BTC. We know if we hold for long time we get good assets.

nullama

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Quote from: blockman on February 06, 2023, 05:02:10 AM

Quote from: yudi09 on February 06, 2023, 01:17:03 AM

The reason investors choose to hodl is actually the same because they clearly want to make a profit as the purpose of the investment itself.

Yup and that's true.
We're all ending with the same reason why we hold and that is because we want to see our holdings have a better price and value to appear. There's no other reason why we want to hold. Yes, some may literally say that they're for the tech but we can't remove one fact and that is all about wanting to make more in the long run because we're all aware the longer we hold then the better value and price will be seen soon for bitcoin.

Well, you have to be in for the tech as well to hodl because that's basically what will allow you to spend it in the future.

Because it's a great way of spending money as well. At the end of the day Bitcoin is the best type of money that has ever existed.

Of course you would want to save it (hodl), but using it is as much important.

Agbe

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Quote from: Obari on January 16, 2023, 04:49:12 PM

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?

It is a good question to say. Most people are not even hodling bitcoin but they are saying hodling because others are saying it here. Really real business is buying and selling to make profit. That is also apply to trading. Let me answer your questions though I have partially answered one. The first one is, nobody is hodling because others are hodling. If you hodle because others are hodling, it's of no use. Everyone hodle because of his mindset directed him or her to do so and they can sell it at their will. Secondly, it is a very simple answer, it is for huge profit.

danadc

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Quote from: crunck on February 04, 2023, 09:32:49 AM

Quote from: Obari on January 16, 2023, 04:49:12 PM

~ What is your major reason for HODLing and how do your survive the bear market?

The reason I hold is because I want to get the biggest profit possible, and I am not good at trading, I often lose in trades, so I decided holding would be more suitable for me. I left the market when the bear season came and came back later, I could say I missed the opportunity in the past. Now I know how the market works, so I have no reason to leave the market anymore. I will stay with the market till the end.

It is an excellent way of thinking and it is best to keep it in a private wallet, with what has happened it is not advisable to have it in an exchange, I had some USDT in an exchange and I want to spend them or buy bitcoin, I did not buy bitcoin when it was less than 23 thousand dollars, now I regret it, if bitcoin is sold right now it is a decision of each one, no one should get into the finances of others because each one manages their economic situation, but it is not advisable, the price has just begun to rise, and today It is at 23,000 dollars, tomorrow it can change to 50,000 dollars, the opportunities are right under our noses.

blockman

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Quote from: yudi09 on February 06, 2023, 01:17:03 AM

The reason investors choose to hodl is actually the same because they clearly want to make a profit as the purpose of the investment itself.

Yup and that's true.
We're all ending with the same reason why we hold and that is because we want to see our holdings have a better price and value to appear. There's no other reason why we want to hold. Yes, some may literally say that they're for the tech but we can't remove one fact and that is all about wanting to make more in the long run because we're all aware the longer we hold then the better value and price will be seen soon for bitcoin.

yudi09

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Quote from: Obari on January 16, 2023, 04:49:12 PM

So my question is:
~ Do people hodl just because others are HODLing?

Not because other people are hodl, but because the desired price is not what you want.

Quote from: Obari on January 16, 2023, 04:49:12 PM

So my question is:
~ Why do people hodl rather than sell and buy again when low

Selling when the price is lower than the purchase price makes investors choose to stay rather than sell and then buy again. Sometimes some investors sell because the profit has been obtained even though it is not too large. This is usually the routine of day traders.

Quote from: Obari on January 16, 2023, 04:49:12 PM

So my question is:
~ What is your major reason for HODLing and how do your survive the bear market?

The reason investors choose to hodl is actually the same because they clearly want to make a profit as the purpose of the investment itself.

jokers10

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Quote from: rhodelmabanal on February 06, 2023, 12:20:49 AM

Your right many people regret from thier decision of selling bitcoin because if they don't sell thier holdings they well earn multiple profit and now they end up losing, the question is why do they sell bitcoin in the wrong time? Some of the sellers are not new in crypto so i also think that they have a good reason for selling thier holdings.

FOMO is a bad feeling and we should avoid it. Before selling your bitcoins you just should reflect if it is the most right moment as could be seen from that exact time; if you need those money to spend at that moment; if you don't have fiat to spend. If after all you still think you need to sell, remind you in the future that it was a considered decision and fight with your FOMO. Grin

Nrcewker

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Quote from: UserU on January 17, 2023, 12:18:38 AM

Just like any other asset, people have to realize profits someday.

If you don't, somebody will.

Yes if you reach a certain point where you get your desired profits, then it’s better to sell the coins at that point of time, rather than holding further. If you greed for more and hold it for more times, then you might get more profits but along with that, the risk of getting loss will also increase . It is always OK to sell the Bitcoins when you are in need of emergency money. You can also sell the Bitcoins if you have yielded maximum profits from it. Basically selling the coins completely depends on person to person, so yes people sell it according to their will.

rhodelmabanal

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Quote from: MiF on February 06, 2023, 12:13:10 AM

I think it is ok to sell bitcoins depending on the situation or the problem, if it is very important matter or emergency situation we need to sell bitcoins for good or to support financial problems, but if we are selling bitcoins for nothing then it is really a bad decision, because bitcoin is a good long term investment.

Your right many people regret from thier decision of selling bitcoin because if they don't sell thier holdings they well earn multiple profit and now they end up losing, the question is why do they sell bitcoin in the wrong time? Some of the sellers are not new in crypto so i also think that they have a good reason for selling thier holdings.

MiF

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I think it is ok to sell bitcoins depending on the situation or the problem, if it is very important matter or emergency situation we need to sell bitcoins for good or to support financial problems, but if we are selling bitcoins for nothing then it is really a bad decision, because bitcoin is a good long term investment.

Iranus

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Quote from: romero121 on February 05, 2023, 07:57:11 PM

The major reason behind hold is not to take risk. With people wanting to take risk and increase the holding go for regular buy low and sell high. Everytime we can't be successful with the trade and that is the reason why people prefer holding. In the past holding isn't much preferred and at some point it is believed that patience is much more important than anything to profit out of cryptocurrency investment. This is where people started to prioritise holding than just spending.

In addition to the reason holding is safer than trading, there are many other reasons, such as many people don't have time to trade, so they choose to hold, or many think holding can bring bigger profits than trading. Personally, I think holding will be more profitable than trading because trading is too risky like you said, and I also have an outside job, so I can't sit in front of the computer all day to analyze the market. Hold or trade is also for profit, both are good, choose whichever method suits your situation.

romero121

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The major reason behind hold is not to take risk. With people wanting to take risk and increase the holding go for regular buy low and sell high. Everytime we can't be successful with the trade and that is the reason why people prefer holding. In the past holding isn't much preferred and at some point it is believed that patience is much more important than anything to profit out of cryptocurrency investment. This is where people started to prioritise holding than just spending.

nullama

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Quote from: Tony116 on February 05, 2023, 10:30:34 AM

~snip~
I don't think holding is a high risk strategy. If you invest bitcoin with idle money that you don't need to use for daily expenses or urgent work, then you will have no problem holding even if bear season lasts a few more years. Holding will be high risk when you do not invest in bitcoin but invest in shitcoins, because in the long run, the shitcoins will disappear, not recover like bitcoin. One more thing, diversifying your portfolio with altcoins will not make your investment any safer.

Yes, absolutely.

It can be seeing simply as saving money.

Bitcoin gives you a great incentive to do that, because it's expected for it to increase in purchasing power over the years.

On the other hand, fiat is expected to lose purchasing power over the years.

So, it clearly makes more sense to save money in Bitcoin rather than in fiat.

Tony116

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Quote from: kamvreto on February 04, 2023, 12:26:04 PM

However, HODLing can be a high-risk strategy, as the cryptocurrency market can be highly volatile and subject to significant price swings. To survive a bear market while HODLing, some investors may choose to diversify their portfolio by holding a variety of cryptocurrencies, or they may adjust their investment strategy to reduce their overall market risk exposure.

I don't think holding is a high risk strategy. If you invest bitcoin with idle money that you don't need to use for daily expenses or urgent work, then you will have no problem holding even if bear season lasts a few more years. Holding will be high risk when you do not invest in bitcoin but invest in shitcoins, because in the long run, the shitcoins will disappear, not recover like bitcoin. One more thing, diversifying your portfolio with altcoins will not make your investment any safer.

jokers10

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Quote from: Fara Chan on February 05, 2023, 10:02:39 AM

Logic would be, in theory of course at a very destitute time we need to change the initial plan in order to launch a very urgent need, selling Bitcoin can be done when circumstances do not allow, one example as your statement said. and we can say the basic concept of Bitcoin Investment with Holding, it is estimated that the long term is a good method, but in between times of poverty especially we will think about what is more important for urgent needs, of course selling it even in the short term. and resume asset recovery work when time and conditions improve.

Bitcoin is just money and IMO we should consider it so: if we need money at the moment for anything important and we don't have enough fiat for that then of course we should use crypto assets we have for the needs we have. Or for what do we get it? Holding for just holding is a strange idea. We collect bitcoins for having some assets in the future to buy what we need or wand and that future can be at the moment as well. And even if there is something that we just want and we need to spend bitcoins for that we should not feel disappointment with spending bitcoin, because even buying something pleasing is important: we can always earn more bitcoins in the future, but we can not get the happiness of today any day in the future, it can be achieved today only.

Fara Chan

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Quote from: Falconer on February 04, 2023, 02:39:13 PM

Quote from: Ptb73 on February 04, 2023, 02:29:04 PM

I think people are just afraid to sell their Bitcoin. The idea that you should HODL Bitcoin is very much being promoted. If you sell it, then you are not a true Bitcoiner and you are an outcast in crypto space. That's bad.

I sell it when I need it, am I also outcast enough to be in this crypto space?
You can't be proud to never sell your bitcoins while you have to cover huge fees out there on really urgent matters. Imagine if you are sick, or you really need capital to build your business, then do you have to make loans up to your neck while still maintaining your intention to hold on in the long term?

Logic would be, in theory of course at a very destitute time we need to change the initial plan in order to launch a very urgent need, selling Bitcoin can be done when circumstances do not allow, one example as your statement said. and we can say the basic concept of Bitcoin Investment with Holding, it is estimated that the long term is a good method, but in between times of poverty especially we will think about what is more important for urgent needs, of course selling it even in the short term. and resume asset recovery work when time and conditions improve.

imamusma

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I agree that anyone can sell their bitcoin at any time and for any purpose.
We don't need to be too rigid about this asset by just holding it without a selling plan, this is decision that may not be wise because investment aims to make profit not to forever monitor its price fluctuation. So it's okay to sell when it's time to take profit.

I also don't think I should sell all of my holding in one fell swoop, it will probably be in parts as long as I still feel I am benefiting from it. Selling or holding is decision that must be in accordance with the wishes, market conditions, and urgent needs, so selling it is definitely not problem.

Stalker22

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Quote from: Ptb73 on February 04, 2023, 02:29:04 PM

I think people are just afraid to sell their Bitcoin. The idea that you should HODL Bitcoin is very much being promoted. If you sell it, then you are not a true Bitcoiner and you are an outcast in crypto space. That's bad.

Yeah, I totally get what you are saying. The concept of HODLing Bitcoin is heavily promoted in the community, causing some individuals to be hesitant to sell their Bitcoin. But, the notion that selling Bitcoin makes you an outsider in the crypto world is not accurate. Everyone should have the freedom to make their own financial decisions without fear of being ostracized. It is important to keep in mind that for every seller, there is a buyer on the other side. No big deal.

Falconer

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Quote from: Ptb73 on February 04, 2023, 02:29:04 PM

I think people are just afraid to sell their Bitcoin. The idea that you should HODL Bitcoin is very much being promoted. If you sell it, then you are not a true Bitcoiner and you are an outcast in crypto space. That's bad.

I sell it when I need it, am I also outcast enough to be in this crypto space?
You can't be proud to never sell your bitcoins while you have to cover huge fees out there on really urgent matters. Imagine if you are sick, or you really need capital to build your business, then do you have to make loans up to your neck while still maintaining your intention to hold on in the long term?

After all, bitcoin was never designed solely for investing and trading assets, either in the short term or the long term. You have to wake up and see how many people out there have built business and accept bitcoin as means of payment. They use bitcoin as currency, so do you still think they are outcast even though they have used bitcoins the way they were created?

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