Topic: Long Term Holders - When Do You Plan To Cash Out? - page 4. (Read 1062 times)

That's the point why we are investing and trading right and that is to earn profit. For me, it is depend on a person on when he is going to plan to cash out his long term holding assets but in my case as long as the current market price of a crypto that I am holding is enough already to say that I've earned a profit from it then I am not hesitated to sell it. There are times that we may encounter unexpected instances that sometimes our savings or our long term assets in hold may need to sell for emergency then it's a win-win already.

That's right, money goes and will come again. If we still have the opportunity to make money, we should not regret the past. The ultimate goal when we invest is to be able to make a profit and we should be satisfied with that.

So far, we can almost say that the growth of bitcoin is certain but with bitcoin's past still ambiguous holding it would be risky and we regret assuming bitcoin will not increase. Always set a price target for yourself, don't be too greedy greed will sometimes kill our future.

I think that when it comes to years of holding, we need to be careful not to have long bear periods, even years. Therefore, the holding's strategy should be adjusted according to market changes. Buying and forgeting for 3-5 years works, but not as effectively as correction and purchasing at each dip, as for me.

They must have a plan to sell it, holding BTC won't be forever. But each holder may have a different target about how long to hold. Some may hold till the next bullrun period or halving season, some may plan to hold 5 years, others may want to hold more over 10 years. It depends on how big the target is, to be achieved by the holders. But for my BTC, the longest holding may be around 4-5 years, I prefer to rebuy again than hold too long.

On the one hand, I do regret selling in the past, however, back in 2017, the ATH of $20.000 looked astonishing for that time period, thus, selling seemed like a viable and decent option. I never expected that 3 years later, in 2020, I'd deeply regret it. No hard feelings though, money comes and goes, I've got plenty of stories to share about how I wasted my Bitcoin in 2012-13, there's no point in looking back in the past, but only move forward.

The only problem facing bitcoin holder is time, I mean you need to have a mentality not to be tempted and sell out specially when we reaches new all time high. So it's better to really understand that and learn to practice and restrain yourself from selling. For the majority they could have a target of at least 1 BTC (for average investors or even more), but for whales sky is the limit. So most probably 2-4 halvings from now is a good gauge and see if we can hit our target or remain to be in the game.

I believe everyone has their own plans and the ones who don't basically depend on time. Time makes them do actions based on the situations.
Some will cash out when their desired target is met and some will cash out when in need of an emergency.
So might cash out when they think that the market is gonna crash while some will wait for a very long time and will cashout when they decide to exit.
There might also be some who will never cashout and will probably inherit their coins to their known people.

For me, I haven't decided when I will cashout so for the time being I will just hold until I can and leave the rest on time.

personally i think to cash out my bitcoin (long term) when the price breaks through $400k/btc. I am 1000% sure the Bitcoin price will touch that level, although we don't know when it will happen but I have a strong intention to patiently wait for BTC to that price.

It's interesting for me to see that instead a fiat value goal you have a date to sell. I'm curious to know what you would do in case 2025 is a bad year compared to 2024 and, let's say, bitcoin value is half than the previous year, what would you do? Still selling anyway? Or at that point you'd wait?

I made a 5-years plan. Bought in may 2020, plan to sell in july 2025, when I will finish my master degree.

I agree with this. Even the question itself about when to cash out is against the rules of long term investment. It is a long term investment so there is no end in sight, it will never be ending, it will go on as long as we have to.

Do you think that every single stock Warren Buffet owns or Berkshire Hathaway owns will be dissolved and turn to liquidity as soon as he dies? Of course not, maybe some, but not all. I believe that if I never need the money, I will never sell it, if I need it then it is a different story. The best method is to never have an exit strategy in mind and to get as rich as possible by holding as long as it is possible.

I've never had a specific target when holding bitcoin, this is because the market is always unpredictable, when I get at least 25% profit then I sell immediately, or if I really need cash then I sell even though the price is red, I'm used to trading from 2015 and this simple technique allowed me to make a profit even though it was not significant.

Everyone is different, it depends what are your life goals, where you live, what you want to do in the future... In my case I hope that some day I'll be able to afford buying a house thanks to bitcoin, that would be my dream. I'm not talking about anything special, not a mansion, not in a big city, just a nice little house. I hope to be able to do it in the next 10 years.

You should always have a foundation of traditional investments set. That’s first and foremost. I’m talking mutual funds, ETFs, retirement plans like IRAs etc. Staking is a very risky proposition, it’s much less secure than most “traditional” investments. There’s still plenty of money to be made in the US Stock market and often a whole less risk. Sure maybe put a small amount of money in high risk high reward assets such as DeFi and staking, but don’t lose your ass on it.

Also this is not the place to be asking for investment advice, most people here will offer their opinion but truly not have a clue what they’re actually doing or talking about. That’s just being honest, so beware.

I will hold at least 5 years. I stored in my hard wallet . generally i like short term trading and most of my port of portfolio consist of short term coin but I still believe that Bitcoin is king and i never want to miss a chance. I hope in 2027 Bitcoin might hit 500k or atleast 300k and thats enough for me rather than nothing.

The first objective of any investment you see is profit, why would anyone want to invest in bitcoin if they don't plan when to sell, you can't hold forever but that doesn't mean you have to liquidate all your holdings, there are points in life that you need funds to settle other areas of life when they don't want to opt for loans.
If I can have my way of purchasing a large amount of bitcoin, I would sell when it peak and buy back when there is fud, one of the perfect ways of getting some cash to settle other parts of life and bid more on bitcoin.
But there is something we are not discussing! If not that Microstrategy and financial institutions have now picked interest in bitcoin and digital assets, if bitcoin is struggling like the old days, many wouldn't believe it as revolutionary assets but all is fine, hold the little you can and sell some when the right time.

I prolly could consider myself a long term hodler cause i have come to understand the Bitcoin network, and i would want to be in the network for a very, very long time indeed; but as regards "cashing out", i am not rich in Bitcoin, i mean i do not have so much Bitcoin and i definitely do not feel any pressure, i can imagine if i had a certain amount in Bitcoin, then i could have thoughts of converting a fraction of it and putting it somewhere else, but as things stand now, i have not accumulated that much Bitcoin to worry myself about selling, i am basically just hodling and that is that.

Having said that, there are not all that many options of what to do with your physical cash if you sell your Bitcoin, yes i know there are a million options, but what i mean is something that is or could actually be better than leaving it in the Bitcoin network. Your option with stablecoins is a no-brainer for me, for obvious reasons actually, as for putting them in my bank account, i am from a country that is hit so hard with inflation, i would only be foolish to sell my Bitcoin and leave them in my depreciating/devaluing national Fiat currency.

I believe in mass adoption, and a time when Bitcoin wouldn't be as volatile as it is now, i also have the believe that somewhere down the line Bitcoin would become a safe haven asset, if all of this is possible, would there then be any need to sell Bitcoin out of panic and other reasons, i know even then one may need to convert to Fiat every now and then for obvious reasons, but you definitely would not carry the burden of spontaneous volatility in mind and you can sleep well knowing your funds are hedged in a great store of value, so why sell it all.

Buying and holding bitcoin has always been our dream. But if we had already a large amount of bitcoin in our wallet, does it make sense if we keep  it hodling forever? I guess not. The value of bitcoin will always grow for sure but we are not going to experience profits if we never sell some of them. Buying and selling bitcoin has always been a good strategy to see consistency in making profits, but of course we will only sell if the value is very high and if we are in need of funds.

Wish I could have the staying power of some of you. Now I'm by no means an early adopter, my account age alone tells you the earliest I could have gotten in and that was shortly before THAT all-time high.

I've got 2 targets. One is a dollar value, one is a date value. The first I believe is unlikely, but if it does happen, I'm not going to be greedy -- but also assuming this dollar value retains more or less the same purchasing power of today. Why I won't budge from this, and why the second target is, is because of the keen knowledge that I'm not going to live forever.

I'm a simple guy, I have dreams like everyone else, but my personal dream of comfort and "doing what I really want" actually won't be very expensive. But I couldn't do that without the guilt of not providing for those who rely on me, such is the sin of the prodigal son. So those targets really are to buy off that guilt. Make those I care for comfortable enough they don't suffer if I go down the hole of self fkery.

Since the date target is likelier, that's in about 10-15 years, or rather, 4 halvings away thereabouts. Cause if Bitcoin ain't anywhere when it's producing less than 0.4 btc per block, I ain't waiting around. Otherwise my knees won't carry me around much. Blame football.

The condition of their portfolios that have bought in 2017 is of course very profitable, and if they take the right momentum at the beginning of May 2021, of course their profits are very appropriate for withdrawals.  Although it would be better if it extended the hold duration so that it would reach new ath at an uncertain time.