Long Term Holders - When Do You Plan To Cash Out? - page 2.

Flexystar

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Quote from: JahriMeayer on April 11, 2022, 02:34:29 PM

Haven’t set any goal yet. I'll let my bitcoin hold untill i get satisfied. During bear attack of 2017, i dumped large percentage of bitcoin and still regrating for that unexpected incident. After that i keep adding bitcoin in my portfolio as much i can. Currently i don't have hurray for cash out. If any super worst situation come in my life, i would choice to loan or borrow fiat then but don't want to repeat same mistake again.

That is the most challenging situation in bitcoin hodling. I have tried to hold through many bulls but as a emotion always ended up selling off most of the amount. Though I always bought more amount of bitcoin in the next batch averaging just enough as to not loose the profits overtime. So I’m satisfied and still hold little extra than what I had earlier. However, with volatility increasing at an alarming rate, my emotions are also way volatile these days. Lolz. Hope so I will get through this bear and will be selling when we cross another ATH. (I mean higher than the previous one)

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Quote from: JahriMeayer on April 11, 2022, 02:34:29 PM

Haven’t set any goal yet. I'll let my bitcoin hold untill i get satisfied. During bear attack of 2017, i dumped large percentage of bitcoin and still regrating for that unexpected incident. After that i keep adding bitcoin in my portfolio as much i can. Currently i don't have hurray for cash out. If any super worst situation come in my life, i would choice to loan or borrow fiat then but don't want to repeat same mistake again.

It is good if you decide to hold bitcoin for the long term and have no intention of selling it anytime soon. But at least you have to set a specific goal for yourself? 5 years or 10 years from where the bitcoin price will reach and will make you happy to sell your bitcoin.
It would be wrong to panic sell but it is very helpful when we sell bitcoin for our business because our investment goal is profit and service for life.

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Quote from: romero121 on April 11, 2022, 05:56:01 PM

but in real-time everyone won't be successful in holding it for such a long term.

It is because of the panic that the many holders will feel when the market isn't good. Just like now, there's a likely that those who have bought at the top of $40k have felt panicked already.
And this is the reason why they've sold due to the panic that they've got and I've been there before and I regret that decision. If you're a holder, just make sure that it's not your entire life savings and daily expenses that have been invested so that you can actually sell whenever you want but hopefully, when you're in profit.

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Long term holders atleast hold it for three years unlike the market crash/growth. Personally my holdings is very low and so I'm not big into holding. Make use of it when required and buy back when possible unlike the market price. Based on a survey made in America, the long term in their minds were a minimum of 5 years. This is something big and more than 70% have such plans, but in real-time everyone won't be successful in holding it for such a long term.

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Haven’t set any goal yet. I'll let my bitcoin hold untill i get satisfied. During bear attack of 2017, i dumped large percentage of bitcoin and still regrating for that unexpected incident. After that i keep adding bitcoin in my portfolio as much i can. Currently i don't have hurray for cash out. If any super worst situation come in my life, i would choice to loan or borrow fiat then but don't want to repeat same mistake again.

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Quote from: batang_bitcoin on April 06, 2022, 05:45:20 PM

Quote from: Kelvinid on April 06, 2022, 04:30:29 PM

When to cash out? When the market prices turn back to bullish again, probably the next halving. Or until the time has come I was already in profit. Well, my target is to double my capital, at least.
It can be 3-5 years or even more but it also can be done depending on the situation like emergencies and other needs. But I guess, the holding doesn't have such a so-called time frame until when, as it considers the price.

The same plan for me is that I'll probably be selling quite a lot after the halving or whichever comes first for reaching a higher price. My goal is higher than the last time because I've seen the past bull run and its potential is really in the sky. We may have different situations in our lives that force us to sell based on how we need the cash. And through selling bitcoin, that's what we are seeing as the solution to help ourselves with that problem if it's related to money. Not just one story I've seen and even happened to me as well that being forced to sell even at the price that I don't desire but that's okay. There will still be other times, better times to sell but I've got really a price on my mind for selling.

This! i believe most of the people will choose the after halving ( especially when the ATH reached ) they will cash the coins out. we might see a delay in spiking after the halving , like 2 or 4 months. that's what i'm doing as well though , you can't resist that .. as you might feel a huge regret when the ATH has gone and when the correction or a free fall did occured ...

cash them out periodically , till the real bearish signal comes out.

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Quote from: Slow death on April 02, 2022, 06:22:12 PM

Quote from: darkangel11 on March 27, 2022, 03:03:28 PM

Never. I have some coins that I got for $500 in 2014 and I'm never going to sell, especially not in a situation when it goes to a million dollars. I'd rather use it as a collateral, use it to show my credibility, for proof of ownership. I'd be able to borrow fiat money and invest it knowing that if anything goes wrong I'll be able to cover losses with my BTC. Having a few million USD as backup can work wonders when you know what you're doing.

Are you sure you are really making an investment or has bitcoin become an obsession for you? bitcoin is equal to money so it should be used just like fiat, doing it hodl until you die is not a sensible thing to do, what would be the purpose of that? your family will need money and you will be being mean and selfish to hide bitcoin because you are obsessed that you can't sell, honestly this thought is not a good thing and no investor or person who has good being, has feelings or knows what bitcoin really is

Well, the funny thing is that since everything related to BTC began, most of the people who owned it did not have it for its monetary value, they had it because they liked technology and because they are something like enthusiasts, which is something that is respect. If a person does not want to sell his BTC and prefers to borrow FIAT money, it is something that is not very common, maybe he does not have needs or is very comfortable with what he earns and is stable, if this is the case, it is understandable, but in difficult situations or if you have an emergency, I am sure that you will use it, because it is normal, after all, Bitcoin represents money.

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Quote from: rahmad2nd on April 03, 2022, 01:31:57 AM

Long term holding is worth when profit increase above 300% but if still under 20% profit after holding two or three years later I will take decision with short term holding only. I think with short term or daily trading I can earn profit about 5% in daily day and calculated almost 150% each month, but not sure with keep consistent profit in daily day because have bad thing later when price can't predicting. Better with long term holding if coin as potential at the future like WAVES maybe from 15$ now have reach almost $50.

I am holding bitcoin, ethereum, and some other altcoins for long term hold but i have not done any calculations as to when i will hold them and what could be the right moment to sell these coins. My rough idea is that i would like to hold my coins until the next bull and then think of cashing out 20-40% of my portfolio. Of course, i would never ever sell my whole portfolio unless and until i am in need of money.

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Quote from: Kelvinid on April 06, 2022, 04:30:29 PM

When to cash out? When the market prices turn back to bullish again, probably the next halving. Or until the time has come I was already in profit. Well, my target is to double my capital, at least.
It can be 3-5 years or even more but it also can be done depending on the situation like emergencies and other needs. But I guess, the holding doesn't have such a so-called time frame until when, as it considers the price.

The same plan for me is that I'll probably be selling quite a lot after the halving or whichever comes first for reaching a higher price. My goal is higher than the last time because I've seen the past bull run and its potential is really in the sky. We may have different situations in our lives that force us to sell based on how we need the cash. And through selling bitcoin, that's what we are seeing as the solution to help ourselves with that problem if it's related to money. Not just one story I've seen and even happened to me as well that being forced to sell even at the price that I don't desire but that's okay. There will still be other times, better times to sell but I've got really a price on my mind for selling.

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When to cash out? When the market prices turn back to bullish again, probably the next halving. Or until the time has come I was already in profit. Well, my target is to double my capital, at least.
It can be 3-5 years or even more but it also can be done depending on the situation like emergencies and other needs. But I guess, the holding doesn't have such a so-called time frame until when, as it considers the price.

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Quote from: stomachgrowls on April 04, 2022, 06:27:31 PM

Quote from: Ebede on April 04, 2022, 02:40:43 PM

People that is holding bitcoin do you have when you will sell, the answer is yes, because any investor have target, and the target can be when the price of bitcoins go up times of the money use to buy his own bitcoin, some people invest for long time because they needed a very big profit

I do only see for it to be worth on long time waiting is to those people who had bought bitcoin on a very low price and not on past $20k or something considering on how many percentage you would only

gain up for waiting up for so long thats why some people do decided to sell it on earlier and buyback when it do makes out some correction.So its actually depending on someones capacity
and decision making whenever they do tend to cash out or secure profits or would hold a little bit further since they havent able to hit their target or goal.
So let them be on what would be their decisions because what matter most here or the common line would be "profit is profit" no matter how small it is.

The financial capability sometimes is the main deciding factor for a holder when to sell his bitcoin. If you happen to be of need of your fiat, and you have no other options but to cash out, you will. Even if you say, you want to hold long term because you believe it will go up more. However, your situation is not favoring your goal. For me, as long as you are getting your profits, like you said, no matter how small it is, I already considered it as winning. Sometimes, you need to be contented to what you can make out of your situation.

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Quote from: Ebede on April 04, 2022, 02:40:43 PM

People that is holding bitcoin do you have when you will sell, the answer is yes, because any investor have target, and the target can be when the price of bitcoins go up times of the money use to buy his own bitcoin, some people invest for long time because they needed a very big profit

I do only see for it to be worth on long time waiting is to those people who had bought bitcoin on a very low price and not on past $20k or something considering on how many percentage you would only

gain up for waiting up for so long thats why some people do decided to sell it on earlier and buyback when it do makes out some correction.So its actually depending on someones capacity
and decision making whenever they do tend to cash out or secure profits or would hold a little bit further since they havent able to hit their target or goal.
So let them be on what would be their decisions because what matter most here or the common line would be "profit is profit" no matter how small it is.

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When do you plan to cash out? When I was I need.
I'm not a long-term holder but quite I just hold them for short time. The majority of the rewards that I got from here I put on an investment (local investment), that is why I couldn't keep my Bitcoin longer in my wallet but have to cash out usually.

Quote from: henmark on April 03, 2022, 08:11:19 AM

I don’t really think that it is all about how much you’re able to make from your investment on Bitcoin, what matters the most is what you’re able to reproduce with that amount that you have got.

It is important we have such an investment. Many people had missed this opportunity but for us who have already been here, I think it was best to take this chance. Or, put it on the stock market or have our own business.

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Quote from: bakasabo on March 29, 2022, 03:54:59 AM

I guess the right answer will be - when long term holder needs fiat, he will cash out. For me, there is no specific date. For me, cryptocurrency is not my primary source of income. I usually set some goals, like when Bitcoin hit ATH, cash out a little part to celebrate. Or right now I want to replace current laptop with a new one. As replacement is not urgent, I am planning to hold signature rewards until I get about $2k and cash out, while keep on holding crypto from trades.

Spending crypto is useless if you would spend it for unvaluable things, but since you are going to spend it for a purpose, maybe for your own job too, that gives a valid reason to cash out. Even myself, i always set price goals when to cash out and sell some of my coins. I don't have the intentions of holding my coins forever, once i see good opportunities to sell, i always do it to make profits. I only buy back when the price dumps and hold it again until i see good reason to sell again.

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People that is holding bitcoin do you have when you will sell, the answer is yes, because any investor have target, and the target can be when the price of bitcoins go up times of the money use to buy his own bitcoin, some people invest for long time because they needed a very big profit

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Quote from: Slow death on April 02, 2022, 06:22:12 PM

Are you sure you are really making an investment or has bitcoin become an obsession for you? bitcoin is equal to money so it should be used just like fiat, doing it hodl until you die is not a sensible thing to do, what would be the purpose of that? your family will need money and you will be being mean and selfish to hide bitcoin because you are obsessed that you can't sell, honestly this thought is not a good thing and no investor or person who has good being, has feelings or knows what bitcoin really is

in this case of course there must be a limit there, investing in Bitcoin is quite good but as you said we can't wait until we die to be here because on the other hand there is a family and there is oneself who definitely needs results from investing of course, the limits are wrong one that is important because when we have reached the desired target, why should we be greedy by making new targets, at least if we really want to try to be greedy we also need to set aside finances or take some of the capital we previously saved for daily needs

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Quote from: slackovic on April 02, 2022, 01:46:11 PM

Quote from: Etranger on April 02, 2022, 12:00:18 PM

I completely agree with you. If you do not make a profit for a long time, you can fall into the trap of always thinking that the profit is too small, and it is too early to make a profit. In my opinion, it is worth remembering that profit only becomes profit when you cache out and fix it, when you close the deal. If the ultimate goal is to make a profit, why not make it?

I know I said that there is nothing wrong in cashing out, but not everyone in crypto is here necessarily for profit. There is a lot of people, especially long term holders, who are here because of the technology. Those guys will probably never sell and will buy stuff they need or want directly for Bitcoin.

I think it's hard not to think about profit when bitcoin shows such results. Maybe some guys started with an interest in technology, but now this interest is supported by a very good investment. Of course, you can buy a lot for bitcoin, but not everything. And there may come a time when you need to cache out for something necessary.

henmark

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I don’t really think that it is all about how much you’re able to make from your investment on Bitcoin, what matters the most is what you’re able to reproduce with that amount that you have got.

Yes, one million dollars ($1,000,000) doesn’t make you rich in the first world countries, but you’re still kinda rich though. With that amount of money you’re able to start a good business and that can build you through to a higher level more than what you have got from BTC.

Bitcoin is not meant to change your life but it can help you to kick start and get better. The money I have invested in Bitcoin is what has helped to reach the level I am currently at. And I have been able to make more and invest back in BTC a bigger amount. Long term holding of bitcoin will do magical things as it will start production good returns on exponential growth.

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For the initial question: NEVER.
Bitcoin is to hodl for ever, unless you need to spend. Cash out is a mistake. We need to change these people's time preference. One must be able to hold the lines for greater goods in the long run. We can't just go for the quick buck.

There is this misinterpretation of trading. Like, you buy Bitcoin at 10k, then you sell at, let's say, 12k. Great, you did 20% profit. Now, you wait for a while to see if it goes down to buy back. But the thing keeps going up, so the FOMO makes you buy at 15k or more... That's it, your previous profit is lost! I mean, this is a mistake. To sell today to buy more expensive tomorrow!

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Quote from: slackovic on April 02, 2022, 05:08:15 AM

For me there is nothing wrong in taking profits. I did that right at the end of the 2017 bull run and I didn't regret it one bit! I would regret more seeing my portfolio dumping 80% after that.

Yes, it’s all about your personal preference; what you think that you’re able to do. Some people would prefer that it is best for them to hold the cryptocurrency that they are holding for a long term, while there are those who would prefer to hold for a short term or just trade daily for some small gains.

I hold long term, and I sell whenever the market goes up although sometimes I can as well leave some of my coins and not sell all of them when I am selling. So, anything can work for you, if you’re a long term investor that is buying when the market is low and selling when they have reached a high price, then you’re pretty good to go.

Topic: Long Term Holders - When Do You Plan To Cash Out? - page 2. (Read 1062 times)