Topic: Long Term Holders - When Do You Plan To Cash Out? - page 3. (Read 1062 times)

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 not planning on selling yet but yes planning on grabbing more as we are way below the previous ATH. There is only one time when I will sell the crypto, if it’s emergency or family requirement where there is nothing left but only crypto.

However, I did mistake of selling in the earlier days. Whenever I used to get crypto payments then I used to cash out immediately irrespective of prices.

But when I look back to those transaction it hurts, as the price has increased a lot for those coins which I received at lowest prices Back in time. So no I’m not selling real soon.

 

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

Long term holders are all the time plan changers.When the price had increased the lot,they will sell huge and change the price in high number.Some people don’t know this,mostly the long term investors are become a whale.Their selling will be the price deciding all the time.This is because their huge amount of selling of coins ,when the price movement is positive after a huge time interval.

Because not everyone is rich. Most of us live below the poverty line.

It is not possible for them to wait a long time by investing a huge amount of money.

for Bitcoin, yes it is absolutely profitable if you can do long-term holding but you can't say day-trading/bi-weekly trading, and short-term trading is not profitable.

It is a means of passive earning for all. Those who can't wait long term for their financial situation, they can still benefit from Bitcoin through short-term trading.

To some doesn't mean nation or land, it means to some people. You could be from the poorest nation but be the richest person in that nation and 1 bitcoin wouldn't mean something to you, or you could be from a huge nation but a homeless person and 1 bitcoin would mean a lot to you.

This means that if you have 1 bitcoin, and you are not a rich person, if you are even at a level where you live pay check to pay check, then 1 bitcoin could definitely get you a nice start. At the very worst case, even in places like the USA or the UK, that would mean that you could buy a house taking out a loan. You could pay the down payment with that money, and the rest will be paid from your salary and instead of paying rent, you would pay mortgage.

Well , it shouldn't be an automatic chronometer. If the plan is for after the 5 upcoming years, and that the investor is not in a critical financial issue, then don't expect him to sell his savings at a lower price than expected. Waiting for other few weeks or months should be a part of the investment plan because there are no guarantees that the price will get higher after a certain period of time or that the price won't recover if he decreased a little bit after five year waiting. Note that this investment scheme would safely work only with bitcoin and few other alts.

The idea of holding bitcoin for a long time in the course of life teaches you many things.
There are those who want to accumulate more bitcoin and do it for a goal.
I think that is where we participate, I want to own bitcoin for a long time and always thinking of my family and while I am going through this journey I am willing to provide solutions to unforeseen situations.
Last year was memorable for me. I was able to make repairs to my house for which I am proud. The house is like new for twenty more years, God willing.
I made use of my investment and now I'm going for more, the best ally we have is time, bitcoin will always be waiting.
In my portfolio I can have other coins but bitcoin is my main investment.
If we have been fortunate to know how good decentralization brings us by bitcoin, why let it go?

Whether it is small or big amount, a profit is still a profit so what is wrong of taking it? to the person that are not contented or not happy with small profits, maybe? and I believe those people will rather see their portfolio dumping than sell their coin for some profits. In your case, you are very lucky because you sold your coins at the best moment. Coins are at their highest at the end of 2017 but the market dump on the whole 2018.

It take almost three years again before the new bull begin. What about that time, you have predicted it that it will happen? when the price goes back to 70k, pretty sure many are going to sell because many have missed the last year's bull.

Till bitcoin reaches$1,000,000 for each or for eternity, lol... of course that's a joke, a big joke.
Well, the truth is, I hodl and still make good use of my bitcoin. Hodling BTc doesn't mean you've got to hodl for ever and starve yourself to death or loose out on some of the funs you could spoil yourself with from your hidlings when you can. The idea is, you should do your best to stay off your crypto (Bitcoin) hodlings and spend only when it's inevitable that you do. I ain't piling all this coins away so it get inherited and used over God knows what when I'm gone.

Bitcoin need more used cases and hodling it in a wallet (custodial or non custodial), exchange (which is obviously a bad idea for huge hodlings) and staking it on some platform isn't going to give it that. You ought to use it for the currency that it is and always endeavour to have some stored away, never hesitating to buy more to increase your hodling when  you can and aren't spending.

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 haven't sold a single portion of Bitcoin for two years now, I'm currently trying to accumulate as much as possible, without selling any without having a serious reason to do so. To be honest, despite owning more Bitcoin than I used to do back in November's ATH, my coins are worth less, thus, I'm currently taking a loss, but with patience, it will certainly pay off in the long-term.

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 have two plans when it regards to selling BTC.
1. I will sell it after 5 years most probably or depending on the situation.
2. I will sell it if I need some extra cash for some reasons.

Yes that is one of my plans. When it reaches the target that I feel I'm happy with then I will sell it no matter what. On the other hand, I also have a target price where if it reaches that price then I will sell it as well.

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Overall, I have many plans when it comes to my Bitcoin holdings.
I might be using it for my future and for my kids. I might be using it as emergency funds as well if my current emergency funds isn't enough. I might be using it when I need to buy something that I urgently needed. I might use it to buy a house and lot as well if its enough .

I'm not planning to sell anytime soon. For me bitcoin is a backup plan, not the way to get rich. I want to leave some coins to my children, make sure that if anything bad happens my family will have some money that they don't have to go to court to get. Bitcoin is my retirement fund, my health insurance, education money for my children, life insurance for my wife, backup plan in case of war or a natural disaster.

That said, I usually sell a bit whenever there's a big bull market. Last year I sold about 5% of my coins to have money for a second car and some construction around the house. If we get to another milestone like a new ATH, I'll probably sell another 5%. If we reach 100k, another 5% just to celebrate and have some fun, maybe travel for a few months. I have no plans to spend more than 20% of my current holdings no matter what the price will be. If we go to a million USD next year, I'll still have at least 80% of what I have now in BTC.


1 BTC is actually a lot of money. I's enough to buy a good car, a piece of land large enough for a house in the suburbs, a large piece of land fit for farming far away from the city, I'm talking about average prices in Europe. In Africa or South America 1 BTC can buy you a nice house. If I were you with 1 BTC, I wouldn't sell it all to uy something now. You're going to regret not having anything left just in case. 10 years from now it could be worth 300k USD and all you'll have is a piece of land that you bought for 50k.

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.

Actually, I'm tempted to sell for buying a new house. It's not as fancy as you think but I can say that it will be satisfying to call it our home.

I'm in the midst of it but probably going no for the meantime and will wait for further moving up of bitcoin, maybe a year or two more before I start selling huge amounts in my portfolio.

To some, 0.1 to 1 BTC couldn't be that much but that would be a piece of land already in some countries. But if it ever happens that bitcoin reaches back to $70k to $100k, I guess many will start picking their profits.

Exactly it is!
That's one way not to lose your Bitcoin when you're facing financial crisis. Long term hodler's worst nightmare is when they sold their Bitcoin on a much lower price. Regret kicks in especially when you see Btc starts pumping and hitting new ATH on the latter.
So, If you're a wise investor, never ever let your Btc being sold to cover your personal financial shortage.

I wouldn't want to sell my Bitcoin assets ether but talking of using them as collateral, wouldn't this mean you have to give them to the person/institution you are borrowing the funds from for your investment, I believe this is how collateral works? or is there a different way with this?

Long-term holders do not mean not selling it and will make sales when really need and use it as an emergency fund, and even then only sell part of the profits earned in the long term.
By owning bitcoin for the long term they are not worried because they believe the future will be brighter, and I treat bitcoin as a savings that can be profitable and I will use it when I need it and I will not sell everything until I am satisfied with a bigger one.