It is ok to sell your Bitcoin. - page 7.

milewilda

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Quote from: martyns on February 01, 2023, 02:54:31 PM

Over the years, bitcoin have made so many people to smile and have also made so many frown faces. Selling Bitcoin presently is obviously one of the available alternative to make profits from regarding having good entries on the chart. Bitcoin is one of the coin with the most fluctuates volatility in the space. There are ways we triggered profits from bitcoin, it's one of the simple strategy to apply during the dump and bull season. When it's dipping, a very good entry discovery to to buy and when it start the bull run up candles, a very good end to sell it for profits.

We know that not all people would be buying just for holding for long term on which there are ones who do really love to deal with short term profits and this is why they do really take advantage with the movement or volatility of this market which this had been a common approach for someone when we do speak about on their Bitcoin holdings.If you cant bare up with the risk then you would just be simply sitting and wait
but if you are that someone who do loves challenge and loves to have that chance on getting profits in short term then you would really be that mindful on taking up yourself a position on
a market situation or condition.Its okay to sell but what matter the most if that you are on the profitable side which everyone is really trying out to achieve.

martyns

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Over the years, bitcoin have made so many people to smile and have also made so many frown faces. Selling Bitcoin presently is obviously one of the available alternative to make profits from regarding having good entries on the chart. Bitcoin is one of the coin with the most fluctuates volatility in the space. There are ways we triggered profits from bitcoin, it's one of the simple strategy to apply during the dump and bull season. When it's dipping, a very good entry discovery to to buy and when it start the bull run up candles, a very good end to sell it for profits.

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Quote from: Fullcoinese on February 01, 2023, 10:09:24 AM

Quote from: jokers10 on February 01, 2023, 10:00:15 AM

And may be it is even okay that some people prefer to hodl bitcoin forever if they understand that bitcoin is money and they can spend it any time, but anyway prefer to hodl. Grin

because there are not many service and goods providers that accept Bitcoin payments. now more people have Bitcoin as a long term investment asset. not as currency for a payment transaction.
this is also related to the regulations set for each country regarding the different statuses and use of Bitcoin.
maybe in the future, more and more governments make free regulations regarding payment instruments. Bitcoin will become more popular to use. not only as an investment asset.

But with bitcoin's volatility and value still likely to go higher in the future, even if bitcoin is widely accepted or seen as a means of payment, I still doubt that people will start using it for payment. Businesses have the right to use bitcoin as a payment method but are people willing to spend their bitcoin knowing that its value will increase a lot in the future?

If it were me, I would also keep bitcoin as an investment because when it increases in price, it becomes tough to buy bitcoins. Owning fiat is easy, but owning bitcoin is getting harder and harder.

$crypto$

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Quote from: Fullcoinese on February 01, 2023, 10:09:24 AM

Quote from: jokers10 on February 01, 2023, 10:00:15 AM

And may be it is even okay that some people prefer to hodl bitcoin forever if they understand that bitcoin is money and they can spend it any time, but anyway prefer to hodl. Grin

because there are not many service and goods providers that accept Bitcoin payments. now more people have Bitcoin as a long term investment asset. not as currency for a payment transaction.
this is also related to the regulations set for each country regarding the different statuses and use of Bitcoin.
maybe in the future, more and more governments make free regulations regarding payment instruments. Bitcoin will become more popular to use. not only as an investment asset.

Because there has been little adoption of bitcoin so that providers of goods and services can never use bitcoin as a means of payment, now many governments still forbid doing this except as a commodity asset, the same thing as gold, property, stocks cannot be used as a means of payment.
But with the discourse on adoption being heard more and more so far, with several countries legalizing legitimate bitcoin and also payments there, it is possible that in some other cases it will be the same in the future, but this will still take a long time.

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Quote from: jokers10 on February 01, 2023, 10:00:15 AM

And may be it is even okay that some people prefer to hodl bitcoin forever if they understand that bitcoin is money and they can spend it any time, but anyway prefer to hodl. Grin

because there are not many service and goods providers that accept Bitcoin payments. now more people have Bitcoin as a long term investment asset. not as currency for a payment transaction.
this is also related to the regulations set for each country regarding the different statuses and use of Bitcoin.
maybe in the future, more and more governments make free regulations regarding payment instruments. Bitcoin will become more popular to use. not only as an investment asset.

jokers10

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Quote from: WatChe on January 31, 2023, 03:19:50 AM

...
The real issue is when Bitcoin is down (like 2 weeks back when it was around 16k), the majority is not willing to buy it. We hear stories like Bitcoin is going back to 10k or 5k. Its only when we see Bitcoin going up, people start buying it.

It is not a problem if everyone makes their own choice, it is not mandatory for everyone to own bitcoins. Moreover IMO it is normal if some would consciously choose to use fiat system even if they'll learn about bitcoin: system based on trust can be attractive for many. World is diverse and that is wonderful!

And may be it is even okay that some people prefer to hodl bitcoin forever if they understand that bitcoin is money and they can spend it any time, but anyway prefer to hodl. Grin

WatChe

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Quote from: nurilham on January 29, 2023, 04:57:25 PM

Both selling and buying are important, you shouldn't assume buying back be more important than selling our Bitcoin. To sell our Bitcoin, we need to set a target, it should be a realistic target that we conclude from certain analysis/research. Don't be greedy to set the target (profits), it may trigger to miss the chance to sell Bitcoin at the right time. However, I assume most people won't sell their Bitcoin now, we all focus on buying more during this bearish season. The best time to sell is when the bullrun season comes, it is predicted to happen after the BTC halving in 2024. But if you do swing trading, it is okay to sell your Bitcoin as long as the profits are good enough. Just make sure that you won't buy back at a more expensive price. Grin

There is no point in 'Hodling' bitcoin forever. There are people who have bought Bitcoins on dip but are not willing to sell Bitcoin even when it went high. Some are even Hodling till they see Bitcoin hitting 100K$ mark. Also Bitcoin is not all about buying at low and selling at high since we cant figure out with certainty that what's low and high.
The real issue is when Bitcoin is down (like 2 weeks back when it was around 16k), the majority is not willing to buy it. We hear stories like Bitcoin is going back to 10k or 5k. Its only when we see Bitcoin going up, people start buying it.

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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?

Everyone has different goals of interest. Buying or selling or continuing to hold, the ultimate goal is to profit from it.

Quote

~ Why do people hodl rather than sell and buy again when low

Investing in Bitcoin is a long-term investment for many people, and it is best to accumulate as much as possible when the price is low and hold it for a long time.

danadc

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Yes, it's okay to sell if you have an emergency, but if you have bitcoin these times it's not worth it, we can't forget that bitcoin can go up and have a new ath, we might be thinking that it can also drop in price and what What we have at a price right now is much better than seeing when it falls if it falls, but why, if you have a bitcoin it is better to wait years for its price to rise more than 100 thousand dollars, if everyone saw bitcoin as an investment at long term that can give benefits in the short term things were different. The smartest don't sell bitcoin if they don't need to.

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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?

First of all, there's no shame in selling Bitcoins if you need to, or just feel like doing it.

Why hold? Fiat is inflationary and it's losing its value BY DESIGN. Bitcoin is deflationary by design, meaning if it manages to just maintain the same level of popularity/demand, it will only appreciate in value long-term (despite occasional spikes and dips). So, if you don't have a desperate need to cash out, it make sense just to hold. Of course, you're make more profit by buying the dips and selling the tops, but that's easier said than done. Vast majority of speculators would get wrecked trying to time the market. Holding (+ DCA'ing) is the easiest and least demanding strategy.

cydrix

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

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.

I think that purchasing low and selling high is an important approach in the cryptocurrency sector. It is critical to have a defined investment strategy rather than simply holding onto an asset in the hope that its value would rise for no apparent reason. Profitable sales and the use of stop losses can help to reduce risk. However, because the crypto market is known for its volatility, and short-term thinking may not necessarily give the best outcomes, it's also worth contemplating a long-term investment strategy.

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Quote from: Osama Maaz on January 29, 2023, 01:38:57 PM

Of course anyone wants sell his bitcoin sell but buying back is more important and this strategy is works in swing trade trading techneque but selling or any crypto is not as all the accet sellel in one position but sell in different positions like we buy for taking more profit ,
And remember in longterm future of crypto is bright but we dont know which alt is danger so prefer to invest on bitcoin .

some traders who invest for the medium term will certainly sell their bitcoins when the price starts to rise and is high enough. And usually they will wait to get back in when Bitcoin experiences a correction. and that's normal and that's okay.

However, it is different from those who invest for the long term. the current increase in bitcoin prices will actually make them more eager to collect more bitcoins when a correction occurs. Selling at this time actually contains risks for long-term investors. i.e. it could be that Bitcoin does not return to the lowest price. and it will be a little difficult to re-accumulate. so long term investors will be more focused on buying later and probably won't be interested in selling at this time. because the current price I think is still far from the target of long-term investors

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Quote from: RockBell on January 30, 2023, 08:21:33 AM

Quote from: cozytrade on January 29, 2023, 10:32:05 PM

Quote from: Osama Maaz on January 29, 2023, 01:38:57 PM

Of course anyone wants sell his bitcoin sell but buying back is more important and this strategy is works in swing trade trading techneque but selling or any crypto is not as all the accet sellel in one position but sell in different positions like we buy for taking more profit ,
And remember in longterm future of crypto is bright but we dont know which alt is danger so prefer to invest on bitcoin .

Sometimes we take big wrong decisions and we have to take big risks. If we invest with advice from good experienced people before investment then we will see our losses will be very less. So when I see that I don't understand something, I tell others. Invest with advice. I see now almost all people like Bitcoin more.

That is the issue. The majority of us, in my opinion, simply don't understand what an investment is. As a result, some people will buy bitcoin without thinking it through, only to decide to sell it later. This, in my opinion, is not a wise course of action because bitcoin is meant to be an asset that is held for a long period of time. so before investing you should have made up your mind it will help us in business.

I think it's natural for a buyer to sell his bitcoin after buying it. The profit and the loss of that buyer all depends on himself. But if a buyer thinks of Bitcoin as an asset then he will only give the highest importance to the holding. Because he will get a good idea about the future of Bitcoin. But even after a trader understands everything, he has to sell his Bitcoin. Because trading and holding are different. Currently Bitcoin bullish trend is about to start so everyone will try to hold Bitcoin as much as they can. All in all, if you decide to sell bitcoins after getting the overall picture, do it. Because you have to bear both profit and loss.

Jackthelad

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Mainly because calling tops and bottoms can be quite hard and time consuming. The data shows that DCAing so far on bitchas been profitable much like Indices so for that reason people will always Hodl

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Quote from: nullama on January 30, 2023, 01:16:55 AM

Quote from: crypticj on January 30, 2023, 12:43:05 AM

I agree. I don't like it when people treat bitcoin as a religion and lose all their money. Just treat bitcoin as a good asset and I think you will see better profits.

Bitcoin is money, that's it.

Not sure why people want to make it something more than what it is. It's a better form of money, but it's still money nonetheless.

Imagine someone writing in a forum that it is OK to spend your money. It makes no sense, of course it's OK to spend your money.

It's also wise to save some money for the future, same with Bitcoin. It's just money, but better.

I would say bitcoin isn’t just money. It’s more than just money. It’s a valuable financial asset that isn’t affected by inflation like the fiat currency. It’s valuable and with everything that’s valuable, it could be sold for fiat currency.

It’s definitely wise to save some money for the future, or in this case, invest and hodl your bitcoin for the long run. I think the OP was trying to state that it’s actually okay to spend your money or sell your bitcoin. People majorly acquire bitcoin as an investment while there are some that acquire to use as a payment method. It really doesn’t matter to me what reasons you acquire bitcoin, I’m just glad to see it’s usage and adoption continue to go up.

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Quote from: nullama on January 30, 2023, 01:16:55 AM

Quote from: crypticj on January 30, 2023, 12:43:05 AM

I agree. I don't like it when people treat bitcoin as a religion and lose all their money. Just treat bitcoin as a good asset and I think you will see better profits.

Bitcoin is money, that's it.

Not sure why people want to make it something more than what it is. It's a better form of money, but it's still money nonetheless.

Imagine someone writing in a forum that it is OK to spend your money. It makes no sense, of course it's OK to spend your money.

It's also wise to save some money for the future, same with Bitcoin. It's just money, but better.

If you had more knowledge than you have on this forum, you could easily increase your "money". I don't consider bitcoin to be just money, it's also a good means of saving. So to answer the question of whether bitcoin is good to sell or not, my answer is that it depends on the timing of the sale.

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Quote from: Inwestour on January 30, 2023, 08:15:47 AM

Quote from: cozytrade on January 29, 2023, 10:32:05 PM

Sometimes we take big wrong decisions and we have to take big risks. If we invest with advice from good experienced people before investment then we will see our losses will be very less. So when I see that I don't understand something, I tell others. Invest with advice. I see now almost all people like Bitcoin more.

Why do you need other people's advice when it comes to your money? If the investment is unsuccessful, then you will lose money and not the one who advised you, so it is very important to think for yourself when it comes to your money.

It is better to gain experience by making mistakes than to constantly rely on someone else's advice. Even worse, if this advice works once or twice and you trust it, but in the end it will still lead to loss of money and you will blame someone and learn nothing. While we are still at the bottom of the global chart, buying bitcoin is simple, clear and does not require any advice.

Your point is clear enough@"experience is the better teacher" but for the case of newbie that rush into investing in bitcoin, one or two advice from people here about hodling a long term investment is not also bad, its just the scared ones that have not understood the crypto market that feels to sell your coins is not an option when you have them. Your coins your money, its a free world you can buy and sell anytime you like if its suit you but for me i feel its better to hodl especially when you have other sources of feeding as the main purpose of an investment is to grow your money and have tangible profit added to the actual capital.

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Quote from: cozytrade on January 29, 2023, 10:32:05 PM

Quote from: Osama Maaz on January 29, 2023, 01:38:57 PM

Of course anyone wants sell his bitcoin sell but buying back is more important and this strategy is works in swing trade trading techneque but selling or any crypto is not as all the accet sellel in one position but sell in different positions like we buy for taking more profit ,
And remember in longterm future of crypto is bright but we dont know which alt is danger so prefer to invest on bitcoin .

Sometimes we take big wrong decisions and we have to take big risks. If we invest with advice from good experienced people before investment then we will see our losses will be very less. So when I see that I don't understand something, I tell others. Invest with advice. I see now almost all people like Bitcoin more.

That is the issue. The majority of us, in my opinion, simply don't understand what an investment is. As a result, some people will buy bitcoin without thinking it through, only to decide to sell it later. This, in my opinion, is not a wise course of action because bitcoin is meant to be an asset that is held for a long period of time. so before investing you should have made up your mind it will help us in business.

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Quote from: cozytrade on January 29, 2023, 10:32:05 PM

Sometimes we take big wrong decisions and we have to take big risks. If we invest with advice from good experienced people before investment then we will see our losses will be very less. So when I see that I don't understand something, I tell others. Invest with advice. I see now almost all people like Bitcoin more.

Why do you need other people's advice when it comes to your money? If the investment is unsuccessful, then you will lose money and not the one who advised you, so it is very important to think for yourself when it comes to your money.

It is better to gain experience by making mistakes than to constantly rely on someone else's advice. Even worse, if this advice works once or twice and you trust it, but in the end it will still lead to loss of money and you will blame someone and learn nothing. While we are still at the bottom of the global chart, buying bitcoin is simple, clear and does not require any advice.

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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 on me , I hold because I believe that my funds will increase its value in longer term as I only invested my money that is not part of my daily or lifetime needs , meaning all are extra amount .

Quote

~ Why do people hodl rather than sell and buy again when low

some are afraid of losing their momentum but mostly wanted a safe and easy investing and that is to Buy and HODL.

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

there is nothing need to explain about surviving in Bear market because I am not affected in any way because I hodl even when there is a bear so what will made me suffer ? that is HODL mate.

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