80% of the coins I buy, goes to the 80% hodl fund and 20% goes towards daily spending... so I use some of the bitcoins as a currency. (We cannot expect Bitcoin to succeed, if everyone are hoarding bitcoins)
Topic: Long Term Holders - When Do You Plan To Cash Out? - page 7. (Read 1062 times)
I have a split portfolio, where I have 80% of my coins in cold storage for long-term hodling and then 20% revolving coins that are being topped up and used on a daily basis. I basically save up Fiat in a bank account, until the price drop... and then I buy some bitcoins.
80% of the coins I buy, goes to the 80% hodl fund and 20% goes towards daily spending... so I use some of the bitcoins as a currency. (We cannot expect Bitcoin to succeed, if everyone are hoarding bitcoins)
80% of the coins I buy, goes to the 80% hodl fund and 20% goes towards daily spending... so I use some of the bitcoins as a currency. (We cannot expect Bitcoin to succeed, if everyone are hoarding bitcoins)
For those people who are long term holders of btc or any crypto, do you have a plan of when you would sell it?
At the moment I have no real plan on when to sell any bitcoins. My first bitcoins I had back in 2016 unfortunately I didn't save them and sold them all. Back then bitcoins was a nice and fast way to deal online as part of my CSGO skin trading endeavours. Selling was my biggest investment mistake, I should have just held on to them. Not going to make the same mistake again. All my coins now I want to hold for a long time. Maybe when bitcoins reach 200,000 USD I think about selling some, but never again will I sell all of it. The only way where I could be forced to be selling my coins would be if there was big renovations cost coming up for my apartment and I had no other form to pay them.
For those people who are long term holders of btc or any crypto, do you have a plan of when you would sell it? I am talking about the coins you are holding long term and not trading or selling short term etc. Such that if you have a set amount of btc or crypto where you are holding long term.
Plans? i am not totally a long term Holder because i can only keep mine for at least 1-3 years cycle in which i don't know how to label if long term holder or short term.
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Imagine someone with 5 btc which is a lot of money. That is a lot of money even in first world countries but that isn't even enough to buy a house in many cities in a first world country. But do people here have plans like okay the moment my btc or crypto is worth x amount of money, then I will cash out some part of it or everything?
for us small time trader 5 btc is a lot of money, but have you ever think of How whales really treat this?for them that 5 btc wasn't enough for now and they are even looking for more long holding to increase their earning .
Long-time holders are most likely are not depending on their crypto assets since most have them have multiple sources of income. They will just let those bitcoins in their wallet increase their price in the market until they are extremely in need of it and cash it out or use it to buy what they want. This is the case of the long-time holders. as for the others who were anxious about their investment, they weren't prepared or they don't have enough source of income so they rust to cash it out when they see the price hike in the crypto market.
It depends on your target goal of profit or what's the purpose of your investment. There's a lot of things to consider and you should not focus on the price number but rather on the percentage of your profit or on the time span you want to take your investment and use it for good. You will never gonna cash out when the price is continuously rising if you don't have a goal because greediness will always control you to hold more. Just make sure you have a reason to take profit so that you will not gonna regret when the price still pump when you cash out. because you can't bring back time while the price keeps up and down.
Maybe the right time to cash out the bitcoins we have is when the price is higher than the price we bought before, but for now I don't need funds, so I will keep the bitcoins I have, I will withdraw when I need them, and for sure when prices are high, so that I don't suffer losses like what happened in the previous year. But unfortunately now I only keep a little bitcoin, now I will learn from past experience, do not want to rush in cashing out the bitcoins that I have, I will hold it as much as possible.
For Bitcoin holders, holding Bitcoin is a must and they probably won't sell all the BTC they have. In my opinion, there are times when these holders will cash out on a large scale by selling BTC for half of what they had when the BTC price hit a certain price, for example ATH, and coming back to buy back with that money when the BTC price drops or during the crypto winter with the goal is to multiply the BTC he previously had and prepare for the next bullrun. This has become a cycle that will never be broken.
For those people who are long term holders of btc or any crypto, do you have a plan of when you would sell it?
Im not certain if I can consider myself as a long term hodler since im not like others who can ignore their crypto even for long time because they can sustain themselves financially and not struggling.In my case, I have set target price for my Bitcoin and altcoins on when im going to sell it. But I still take profit at times if my coins had a huge increase, this is to enjoy some of my earnings. Im holding some of my alts for few years now, but when it comes to my Bitcoin, there are times I get tempted to sell it especially if im really in need of money.
Long term holders will have plans for 4 years of holding at least. 4 years mean a period between two halvings. So the holding time can be longer or shorter than 4 years depends on when you make your entry. Is your entry time before or after one halving? If it is before one halving and you missed an ATH of that halving cycle, you will have to wait till the next halving, next all time high. So your holding time would be longer than 4 years.
A true long term holders should have plans for 8 years in my opinion, that is about 2 halvings, two block reward halvings. That results in good profit but requires a lot of patience and confidence.
A true long term holders should have plans for 8 years in my opinion, that is about 2 halvings, two block reward halvings. That results in good profit but requires a lot of patience and confidence.
Everyone has plans to cash out but it might change if BTC can be directly used to buy some products. There may not be the need to cash out when that happens but for a long-term holder who had profited a lot of money, you probably will not fear trading anymore. Or stake coins that already have a big importance in crypto.
My plan is just to keep trading, hold stablecoin when there is a bear market and then buy when the market gets better for long term still.
Long term holders will have plans for 4 years of holding at least. 4 years mean a period between two halvings. So the holding time can be longer or shorter than 4 years depends on when you make your entry. Is your entry time before or after one halving? If it is before one halving and you missed an ATH of that halving cycle, you will have to wait till the next halving, next all time high. So your holding time would be longer than 4 years.
A true long term holders should have plans for 8 years in my opinion, that is about 2 halvings, two block reward halvings. That results in good profit but requires a lot of patience and confidence.
A true long term holders should have plans for 8 years in my opinion, that is about 2 halvings, two block reward halvings. That results in good profit but requires a lot of patience and confidence.
For those people who are long term holders of btc or any crypto, do you have a plan of when you would sell it?
Well as much as I do, but I do want to sell it when I am really in bad shape , like there is an emergency that it really needs large amounts of money.
The other thing is if someone has that much money, wouldn't it make sense for them to sell all their btc and basically invest in stablecoin and just earn passive income from it?
Why would I sell a stable and dominant coin for other shits out there? Are you insane, you are already on hard grounds(BTC) and then you want to gamble it on a vague project and no assurance to succeed? There have been so many coins that what to get that top position but they all have failed.
Well I have an asset for long-term purposes and I stored it in my hardware wallet.
Even in the time that I badly need money, I will never cash them out, I prefer to barrow with someone than cashing them out for that reason.
Staking is not a wise decision for a long-term holding, remember that it is hard to find a platform where you can entrust your fund for a long-term purpose, you should always have control of your key always. Focus on bitcoin, not on the shitcoin, they are not worth it.
Even in the time that I badly need money, I will never cash them out, I prefer to barrow with someone than cashing them out for that reason.
Staking is not a wise decision for a long-term holding, remember that it is hard to find a platform where you can entrust your fund for a long-term purpose, you should always have control of your key always. Focus on bitcoin, not on the shitcoin, they are not worth it.
I almost try to keep investments for a 6 moths period at least, do you consider that not enough?
For those people who are long term holders of btc or any crypto, do you have a plan of when you would sell it? I am talking about the coins you are holding long term and not trading or selling short term etc. Such that if you have a set amount of btc or crypto where you are holding long term.
Well, for long term investment that you will need to maximize your profit. So that means your target would be like, when Btc price hits the 6 digit figure.
However, i think one of the most coolest long term purpose for holding Btc is for your early retirement plan. As we all can see, Bitcoin has been increasing each and every year passed. So, by the time you decide to quit your job and settle down to enjoy what you have for the remaining years of your life, Bitcoin might be give your more than enough.
No matter how much bitcoin you own you can't still attain that complete satisfaction the hunger to own more will also be that. personally i love to get more coins so if i am lucky enough to own up to 5btc i will always gamble at least 1 btc often, sell and re-buy at interval while i reserve 4 for a strict hold.
Altcoin still remain shit coin in my dictionary and so withdrawing once a profit margin is hit i don't see reasons holding further except for a few coin
Altcoin still remain shit coin in my dictionary and so withdrawing once a profit margin is hit i don't see reasons holding further except for a few coin
I love the fact that the altcoin I held in my portfolio is having the potential to do wonders this season. Am positive that it's going to give me thousands of dollars in profits in no short time. Am not in a hurry to withdraw, am just being calm trusting their price movement. Probably by next year, I will consider trading them. Bitcoin will then be the last thing to trade when it has reached her ATH of $100k as predicted by many
For those people who are long term holders of btc or any crypto, do you have a plan of when you would sell it? I am talking about the coins you are holding long term and not trading or selling short term etc. Such that if you have a set amount of btc or crypto where you are holding long term.
2 types of long-term holders that I found, First, long-term holders who have funding other than Bitcoin, then they tend not to target when they have to release it. This is the reason we are most focused on holders who still have great value in the number of Bitcoins held. But unfortunately this did not happen to us.
Second, a long-term holder who still occasionally relies on funds from what he holds, when it rises above 30% to 50% he will cash it out to cover some of the necessities of life. Usually this kind of position tends to be more susceptible to being tempted by the current market conditions where negative issues make it experience shocks to immediately release.
Personally, I'm really not in the middle of the two, 2017 was the biggest Bitcoin letting go of my life I've ever experienced. Regret may not equal 2 Pizza boxes paid for with 10,000 Bitcoin.
Everybody is in a different situation. Anybody who bought pre 2017 should probably have taken some pressure off their lives by buying a house or something. Never sell all your bitcoin, hell don’t sell over 50% but it’s a good idea to sell some to make significant positive changes to make your life better.
One of the things I regret the most was not holding the Bitcoin I had acquired a few years ago, I didn't really need those funds but had cashed out a large chunk of them. Luckily, some of which was saved till now and was invested in DeFi projects and managed to earn a decent sum of money.
After this experience, I'm trying to save as much Bitcoin as possible. I'm not sure when I'll withdraw again, certainly not before surpassing the last all-time high. Currently, I'm not need of funds, thus, I'll keep on holding.
After this experience, I'm trying to save as much Bitcoin as possible. I'm not sure when I'll withdraw again, certainly not before surpassing the last all-time high. Currently, I'm not need of funds, thus, I'll keep on holding.
I feel you and this experience also costed me an opportunity of not taking advantage of BTC's volatility and inflation.
Back in 2017, I was privileged enough to participate into various campaign signatures where I earned a handful amounts of BTC during my stay. Since the price of BTC was relatively low (around $5,000-$6,000), the denomination and pay of each campaign signatures where high. Due to financial difficulties, I had to cash out my BTCs weekly in order to provide for my education and materials since I was a college student at that time.
Fast forward to today's year, if I did not cash out my BTCs from all the campaign signatures I have participated, I would have saved at least $30,000+ which could have granted me an opportunity to purchase a car for my dad. That is why, this expensive lesson taught me something- to at least cash out my BTCs if I direly need them. I could have worked my ass-off by doing part-time jobs but I chose the easy way out.
One of the things I regret the most was not holding the Bitcoin I had acquired a few years ago, I didn't really need those funds but had cashed out a large chunk of them. Luckily, some of which was saved till now and was invested in DeFi projects and managed to earn a decent sum of money.
After this experience, I'm trying to save as much Bitcoin as possible. I'm not sure when I'll withdraw again, certainly not before surpassing the last all-time high. Currently, I'm not need of funds, thus, I'll keep on holding.
After this experience, I'm trying to save as much Bitcoin as possible. I'm not sure when I'll withdraw again, certainly not before surpassing the last all-time high. Currently, I'm not need of funds, thus, I'll keep on holding.
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