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Topic: It is ok to sell your Bitcoin. - page 8. (Read 3442 times)

hero member
Activity: 938
Merit: 938
January 30, 2023, 01:16:55 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.
sr. member
Activity: 476
Merit: 231
January 30, 2023, 01:09:48 AM
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 ,
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

Everyone has a target before investing that when the market reaches a certain level they will sell their invested assets. Many are seen when the market is losing a lot, they collapse a lot and later when the market normalizes a little, they sell their assists. This is exactly what has happened now. Those who invested when Bitcoin was at its peak have already suffered huge losses. But now that the market is about to normalize, many have decided to sell their assists.  But I think now is going to be a good time for Bitcoin so it is not right to sell Bitcoin now. If you can be patient for a few days, hopefully Bitcoin will go into a better state. So those who have decided to sell bitcoins should refrain from selling bitcoins for now.  
sr. member
Activity: 873
Merit: 268
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.
sr. member
Activity: 1048
Merit: 296
Leading Crypto Sports Betting & Casino Platform
January 29, 2023, 10:32:05 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.
sr. member
Activity: 434
Merit: 580
Pizza Maker 2023 | Bitcoinbeer.events
January 29, 2023, 05:44:47 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


Both buying and selling Bitcoin are important, and it's important to have a strategy for both. Setting a realistic target for selling is important, and it's important to not be greedy. Many people are currently focused on buying more Bitcoin during the current bearish market, but the best time to sell is during a bull market, which is often predicted to occur after the next halving in 2024. If you're interested in swing trading, it's okay to sell your Bitcoin as long as the profits are good enough, but it's important to avoid buying back at a higher price.
sr. member
Activity: 1400
Merit: 435
duelbits.com
January 29, 2023, 04:57:25 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 ,
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

sr. member
Activity: 1064
Merit: 437
#SWGT CERTIK Audited
January 29, 2023, 02:26:35 PM
Yes ubari I have red your post thoroughly and you I am I very totally agree with you people tend not to sell their Bitcoin in the high of market sentiments and choose the way of holding them for more profits with good hopes in future. The answer to your first question is not really, most of the time people fall prey to many market sentiments which I have discussed in my recent article on Don’t Fall Prey to these Market Sentiments and Save your Bitcoin
Answer to your second question is very simple these are the people that are optimistic towards Bitcoin future they have deep believe on the bright future of Bitcoin so they do not hesitate to hold there BTC.
Answer to your third question is every individual has its own agenda's regarding to holding, for me, I hold tokens until I get profit well holding and investing and trading or three different things that we should know the difference about them to understand the word holding.
jr. member
Activity: 322
Merit: 1
Bitcoin the future of finance
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 .
hero member
Activity: 938
Merit: 938
January 29, 2023, 07:10:49 AM
Bitcoin really is money.

You can save money, not sure why people consider HODLING as something different to simply saving money.

You can also spend money, Bitcoin is no different here, you can send Bitcoin for goods and services, there's no issue there, that's how money works.

Bitcoin is a better version of money, but it's still money nonetheless.
full member
Activity: 812
Merit: 120
https://combonetwork.io/
January 28, 2023, 02:09:14 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?


So answer for your questions is that you should just do what suits for you but still in crypto there are almost many types of crypto traders that want to earn money. And these are listed below.

1. Long Term Holders(Whales)
2. Mid Term Holders( I'm one of them currently)
3. Short term traders( Mostly future trades people)


I am in mid term holder and want to max out my profits. So if you are so short term trader than you should exit and thus you will not get any kind of rewards. And also risk to reward Ratio is also of the key parameters to consider and also handle situation.
sr. member
Activity: 2072
Merit: 337
January 28, 2023, 01:16:34 PM
Those who said that are selfish and only thinks about themselves. They don't want people to sell but just buy only in order for the price to rise but after that, they will make sure that they are the ones that will sell first before the price dips.

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?
~ Yes, but not all people are hodling a Bitcoin. Some are just using it as a currency.

~ Those HODL, doesn't HODL their coins forever but they also sell it when the bull market arrives. There are some who sells it early for some reasons like they are worried or they simply need a money for emergency purpose.

~ My major reason for hodling is to have something to use for the future because life is so unpredictable. I might have a job now and not having a difficulty but I shouldn't be contented with it. I know I can just save a fiat but BTC is much better as its value grows overtime. I can survive the bear by leaving the market for a while.
legendary
Activity: 1890
Merit: 2832
Non-custodial BTC Wallet
January 28, 2023, 09:53:55 AM
I hold long because I believe bitcoin long term will give me bigger returns. If you look at bitcoin's history from 2009 to the present, you can see bitcoin has gone from $0.01 to $23k, which shows that bitcoin's long-term returns are huge. In the short term, bitcoin can also be profitable, but bitcoin is very volatile and very easy to lead to loss if you do not have too much knowledge about the market. I think that's why people prefer the long term to the short term.

But well, what's at the end? To hodl to get more to hodl to get more? And then we'll still hodl because there'll be more after that, right? Accumulation for the purpose of accumulation. Someday we still should spend what we save at the moment because otherwise it IMO has no real sense: I don't think digital money is only what we expect to have in our lives.

Sometimes it is so hard not to put off life for never coming tomorrow... Grin
legendary
Activity: 2394
Merit: 1031
Chancellor on brink of second bailout for banks
January 27, 2023, 10:23:37 PM
So my question is:
~ Do people hodl just because others are HODLing?
Possible.

I mean we have different reasons why we are holding a particular coin in the first place. There are some who are hodling coins because they believe that it will go up increase 3-5 years from now. There are some who choose to hold because they just wanted to. There are some like me that are hodling coins because they believe they will rise in price in the future and at the same time, hodling it because they are staking it.

~ Why do people hodl rather than sell and buy again when low
Because we don't know when and when.

People tend to have this mindset where if Bitcoin hits a high price, they will think like "it will go higher even more" thus, they force to hodl even more instead of selling it. On the other hand, there are some people who have this mindset of "it will go down even lower and I'll wait for it to happen" and the ending? They didn't buy any Bitcoins because by the time they're waiting for the "low" to be reached, it pumped already.

I guess it's my mistake on my part that I didn't sell my Bitcoin holdings when it was at it's peak and just bought last year. At least now I learned from my mistakes and I've adjusted my strategy on it.

~ What is your major reason for HODLing and how do your survive the bear market?
Hoping that it's price will rise 3-5 years from now. That's the reason why I'm hodling and when I'm hodling, I'm only hodling those top market cap coins that I believe will have a huge development in the future.

How did I survive the bear market? Doing nothing is the best thing to do. It's a simple strategy, but it's hard to do especially for those people who are panicking because they see Bitcoin's price going down
sr. member
Activity: 2282
Merit: 266
Degens.bet - On-chain 1000x Futures
January 27, 2023, 09:33:58 PM

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


I hold long because I believe bitcoin long term will give me bigger returns. If you look at bitcoin's history from 2009 to the present, you can see bitcoin has gone from $0.01 to $23k, which shows that bitcoin's long-term returns are huge. In the short term, bitcoin can also be profitable, but bitcoin is very volatile and very easy to lead to loss if you do not have too much knowledge about the market. I think that's why people prefer the long term to the short term.
actually both timeframes are equally good, but indeed the short term requires very strict discipline to be able to keep on monitoring at all times and analyze properly and one cannot avoid that experience clearly determines everything that will be done in the short term. so it's no wonder that many don't want to speculate with bitcoin for the short term because the impact that can occur is huge because the price of bitcoin is quite high and the movement is very fast.
long-term bitcoin investment is the most reliable and tested, the risk is very small and can even be said to be rare, because indeed bitcoin has a repeating nature so that after a decline bitcoin will increase sharply and always reach a renewable ATH.
sr. member
Activity: 1232
Merit: 263
SmartFi - EARN, LEND & TRADE
January 27, 2023, 08:13:53 PM

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


I hold long because I believe bitcoin long term will give me bigger returns. If you look at bitcoin's history from 2009 to the present, you can see bitcoin has gone from $0.01 to $23k, which shows that bitcoin's long-term returns are huge. In the short term, bitcoin can also be profitable, but bitcoin is very volatile and very easy to lead to loss if you do not have too much knowledge about the market. I think that's why people prefer the long term to the short term.
hero member
Activity: 994
Merit: 660
Leading Crypto Sports Betting & Casino Platform
January 27, 2023, 07:00:09 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?


Holding or acquiring Bitcoin is done with various motives while some holders are in for the long term frame others are just traders who are in the market for just quick gains, so their both are two different concept and ways of accumulation of their assets.
-long term holders seem to be more conversant with cold wallet since their in for the long term.
-But bitcoin traders, on the other hand are in for the profits and gain of the market and their seem to make frequent use of exchange and pay more attention to DCA price of Bitcoin at whatever time.
sr. member
Activity: 1064
Merit: 265
January 27, 2023, 05:12:07 PM
Selling your Bitcoin is a good idea, when the price or value of Bitcoin increases in a positive direction. Usually, it is advisable to sell out your profit. When u invest a particular amount in Bitcoin, you wait till your investment doubles up.
It's simply a good strategy to buy during the dip and sell during the bull season. Bitcoin fluctuates and causing high volatility in the market, imposing FOMO in the minds of investors and traders. Presently, I'm taking my time to map out good entry on bitcoin chart, it's definitely going to be profits at the end. I'm always positive to be eating good with profits from my trading position with enough confidence. Holding is the best alternative to triggered when the bear season is up and running but patience results in profits at the end.
jr. member
Activity: 34
Merit: 3
January 27, 2023, 08:27:09 AM
Selling your Bitcoin is a good idea, when the price or value of Bitcoin increases in a positive direction. Usually, it is advisable to sell out your profit. When u invest a particular amount in Bitcoin, you wait till your investment doubles up.
legendary
Activity: 1890
Merit: 2832
Non-custodial BTC Wallet
January 27, 2023, 07:42:04 AM
That's why we need to have our own target. So, whatever people state, we can ignore it and focus on our target. Whenever the price of Bitcoin meets our target, just sell the Bitcoin although other people tell us to hold. We can be optimistic to sell if we have our own target. But if we have no target, we must feel confused and may consider others' statements. However, to have our own target properly, it requires knowledge and experience.

Oh yes, sometimes it's easier not to listen at all to not to hear something that could confuse you. And if you lose because of someone's else advice it is still your mistake that you've learned that idea. Even if I remember that, sometimes I can go with that someone says decisively, and it can be a mistake by itself.

Holding or using when we want is our own decision and it is better remember that and treat our money to our benefit as we understand it. Grin
copper member
Activity: 1232
Merit: 687
Eloncoin.org - Mars, here we come!
January 26, 2023, 11:12:57 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?


The major reason of HODLing Bitcoin is, our firm belief in its long term potential as decentralized store of value, rather than profit seeking. Trading Bitcoin for short term profit making is associated with risks, as it is highly unpredictable asset due of its volatility and many other factors those influence its price, such as overall state of economy, inflation and technical overbought/oversold position of market, which can lead to loss of Bitcoin.
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