Topic: It is ok to sell your Bitcoin. - page 9. (Read 3450 times)

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.

Its your coin and its your money that you've been investing and holding on on which it is really just right that you do have the full decisions on whatever you would be deciding into those coins whether you would be

holding it no matter what or you would really be that selling it out partially or gradually basing up into your own needs and expenses.It does matter on some conditions too since not all are really that the same when

it comes to life situations where we do need up some money.If you do see that you are in profits since the price had made out some increase and you do able to get in while its still cheap
then its not bad to cut off and take profits and cherish it out.

If you sell your coin, nobody will blame you, it's your money and you are free to do anything you want with your money, people will only advice you to Hold because they believe bitcoin price will be massive in the future. I don't think anybody can decide for you what to do, they can only advice and guide you, so everything is left for you to decide.
Am sure some people are holding because other people are asking them to Hold but am holding because I know bitcoin price is still very low currently and later in the future, we won't see bitcoin price in this range.
I started accumulating bitcoin since 2020, when Bitcoin price was still kind of low, if I sold and am still waiting for bitcoin to drop to that price before I buy again, I might not be able to buy back because bitcoin price haven't gotten to that range again.
Whenever their is bear market, I always use the opportunity to accumulate more bitcoin, any money am having that I won't be using for that moment, I always use it to top my wallet. Whenever am accumulating bitcoin, I don't care about the amount of money am having in my wallet, I only care about the amount of bitcoin am holding and not the price of the bitcoin, no matter how bitcoin dump, it's only the price that will drop but 1 bitcoin will always remain 1 bitcoin if you don't sell.

It was a dead strategy by now. We can't assure about the market cycle, not even we can sure that 2-3 years from now the market is bullish. That is why investors had take advantage of selling their Bitcoin when there is a price increase for profit. I'd that it was not important to earn big when you can just do it for one time rather than earning a small profit but in multiple times which I think it was a very effective strategy for me.

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Buy low and Sell high - nothing has been said to hold longer.

I don't quite understand what you write in your post "if the owner approves of the decision" does that means that you're trading other people's Bitcoin for them or what? It the former is true then you should at least teach them how to do it themselves so that you can have more time to focus on yours and please trading Bitcoin for others is a little bit acceptable to me but you see all those altcoins out there? Don't ever try to help anyone trade them because you can never tell what's going to happen in the next few minutes. Be careful of this your act so that you won't get into trouble.

The primary reason for investing in bitcoin is to make your life better & easier in any way that you possibly can. It’s never a good idea to sell your entire holding of bitcoin but if after selling nothing for many years & being in big profits, selling some would make your life a lot easier then do it.

If you can hold some bitcoin for 10-20 years then you will do very well. You might want to sell a little after 5 years though to put a chunk down on a home or pay off debt etc.

There are no rules you have to follow. Anybody who says hodl for life is a bit silly imo.

I don’t know if those questions are valid to ask everyone. See basically you asking someone else about my thinking or vice versa.

How can I tell if people are hodling because someone else hodling? You can ask me whether I’m relying on someone else for my hodling? The answer is simply no. Why would I be concerned about how others are investing if I have to work my way using my own money. I can and I should decide what to invest, for how long to invest and in what to invest.

No one gives nuts in the money making industry or trading industry. Moreover, in crypto everything is volatile so no one guarantees you profit. Better be self sustained here.

It is OK to do whatever you want with your Bitcoin. If it ever doesn’t become OK to do what you want with your Bitcoin, then you can do what you want with them anyway. That’s the beauty of Bitcoin and an immutable ledger.

Don’t listen to the people who tell you what to do or not to do with your coins. They just want you to hold so the price is higher when they sell because stupid people think this is a zero sum game.

While I jump into bitcoin I never have any lost because most of the time I have good profit, and I am really feeling this is darling of my this new life because with this Bitcoin I feel comfortable and have too many positive things in my life mostly when I feel price is going down I buy and then hold for the time being until I have better profit because I never sell in panic or any other problem mostly I love to accumulate this for long time.

Now today price is already touching 23,000 which mean I already have enough profit, but my feeling is this can go at high so right now I have chance to take some profit but if I feel comfortable otherwise I have target of six digits in my long run hodle because this is fact and surely going to happen in near future despite all rumors and other troubles.

You only invest in Bitcoin it's your very best strategy because Bitcoin is the most dependable crypto to invest comfortably. But it would be a better plan if you invest in Bitcoin with a roadmap for 5 to 10 years. And in that case, instead of investing large amounts at once, if you keep accumulating bitcoins in small amounts, one day it will become a large amount, and if you continue to do this for a long period of time, you will own a large amount of money in the future.

When I see the price of coins dumping, I buy and hold the coins. When I see the price of those coins increase a lot, I sell them. But I always prefer to invest above Bitcoin, so I always invest in Bitcoin. But  I have never lost money investing in Bitcoin, I have always made a profit. I often lose money from other coins I invest in. Now I don't invest much.

That actually depends on your plan and what market price is your goal, some are also giving a full 5-year of pure hodling for the bitcoin they bought before trying or thinking of selling those bitcoin they hodl. For me, I'm looking forward and patiently waiting for the specific price that I'm looking for before taking some actions like selling a part of it. There are also some kind of investors that I know who are still buying some coins even at the height of the bullish season because they believe that they are still buying cheap compared to the future value of the coins they bought.

I am not sure about your objectives but dear if you think its good to sell then bro it is good. In the general objectives and collective point of view, the results say Selling in loss even in small profits is not good. As your BTC you can do whatever you want to. This community has no effect if you or I or anyone else sell his/her BTC.

If you are a trader, then there is no difference than trading bitcoin or altcoins, or is there a difference, it lies in the fact that when you have bitcoins when the price falls, you will feel much calmer. This only applies to the part of the funds that you allocate yourself for trading, because the bitcoin that we buy to hold as a long-term investment is not worth selling, this is our investment, which we cannot risk.

Those cards look attractive and I'm thinking of them sometimes also, but then I remember that I really rear spend bitcoins. And until I spend mostly fiat got as fiat I'm not hurry to order a card which I will hardly often use in a nearest future. But in a prospect... well, I hope there will be more stores accepting bitcoin directly in a prospect.

1. In my opinion, the main reason for the active use of the "hold" strategy is the history of Bitcoin.  For more than 10 years, the price of the first cryptocurrency has been constantly growing (with certain interruptions).  People who kept their coins for a long time increased their capital many times over. 

2. There are several reasons why people don't sell their bitcoins.  One of these reasons is the technical complexity of exchanging Bitcoin for fiat currencies (in some countries such operations are limited or prohibited by law).  Another reason is that it is very difficult to predict the further movement of the price of bitcoin. 

3. I spend my Satoshi in a bear market if I have an unexpected expense.  In my opinion, it is much easier to keep from selling your bitcoins in a bear market than in a bull market.

I agree with you but I see this in two folds. You are either a HODLER or a Day Trader but either way, I still agree to not hodlin forever while you could have sold at ATH for long-term HODLERs and buy back when the market must have dropped below -75% to -80% for me and repeat the process and for day traders which I am not good at, I believe traders should have their target price to take profits and use stop loss as you mentioned.
You would definitely have to sell at a point to maximize profits which is the essence of investment.

This is only if the Bitcoiner has other ways of settling such problem then I agree with you, but in situation such as illness, as they say health is wealth or lost of job where the the person has no place to get money to get himself out of such situations, then selling some Bitcoin to first sort yourself out isn't a bad idea, because these are part of reasons why we do investment in the first place, in order to have where we can dig hand to be able to get ourselves out of potential I'll situation like that.

If you buy bitcoin from a lower price, not for a long-term investment, then it's not wrong to sell it when you feel you have enough profit. because it means you are making a short or medium term investment. and that's normal. and some people also do that i.e. sell when the price starts to go up and buy back when the price goes down again. I do that in altcoins. But in bitcoin I prefer to hold it longer (long term) and be prepared to buy more when the price drops again.

Selling Bitcoin in this bear market is not make any sense if you buy bitcoin for long-term and you believe this revolutionary technology ,
But you are a trader means you need only profits dont have interest in blockchain and come to this field for only making money so sell in parts and buy at supports in different prices that again you DCA your average buying below 20k then i guarantee that anyone will make easy profits in small moves .