Never sell your Bitcoin? - page 6. | Bitcointalksearch.org

blackened515

sr. member

Activity: 1218

Merit: 279

Quote from: LogitechMouse on July 13, 2021, 04:32:53 AM

One of the worst things to ever do as an investor is to just holding your assets/investments until you die.
Never selling?? Are you sure about that?? If somebody here will follow what he said then stop investing.

Many people don't sell their Bitcoin because they are always waiting for it to hit a higher price, so as to make big profit. For example, someone will buy as $33k, and will want to sell when Bitcoin hits $100k. I don't see any reason why someone will hold him/her Bitcoin for a lifetime.If one don't sell, how do you intent to make profit?

Boardmangetpaid

newbie

Activity: 109

Merit: 0

Long-term - HODL and accumulate, optionally sell on extreme greed. That's my base strategy.

Short term - Scalping your altcoins, DeFi gaming, choose the ones that have a play-to-earn concept, like AXIE and $ANRX that lets you play, buy and stake NFTs

Kong Hey Pakboy

member

Activity: 1120

Merit: 68

Quote from: Caldear on July 13, 2021, 02:45:21 AM

Bitcoin is more suitable for long-term holding. Believers in Bitcoin generally choose to hold Bitcoin for a long time, and their consensus allows them to obtain higher profits.
With the addition of more new users and the recognition of Bitcoin in some countries, people’s consensus has increased, and the demand for Bitcoin is also increasing. But its quantity is limited, so this scarcity keeps the price rising. Long-term holding of Bitcoin will gain higher profits.

But you have to be smart about hodling though because there will be some opportunities where you can buy and sell your bitcoin. It's a matter of opportunity but you are right that it should be a long-term hodling because you never want to miss out when the price of bitcoin goes up and you have no or little amount of bitcoin. Hodl smart, always look for opportunity.

LogitechMouse

legendary

Activity: 2576

Merit: 1043

Need A Campaign Manager? | Contact Little_Mouse

One of the worst things to ever do as an investor is to just holding your assets/investments until you die.
Never selling?? Are you sure about that?? If somebody here will follow what he said then stop investing.

Bitcoin is created to be a world digital currency but the problem is it has been used as an asset because of the gains that somebody can get just by holding. As an investor, you should have strategy into when to enter and when to exit or sell. In this case, not selling will not help Bitcoin itself and as well as you. Instead of just holding it, why don't you just use it to buy some things online or convert it into your own fiat currency. I'm holding some Bitcoins yes but I will sell it at anytime soon and I don't see the purpose of holding it for dear life xD.

Caldear

member

Activity: 114

Merit: 10

Bitcoin is more suitable for long-term holding. Believers in Bitcoin generally choose to hold Bitcoin for a long time, and their consensus allows them to obtain higher profits.
With the addition of more new users and the recognition of Bitcoin in some countries, people’s consensus has increased, and the demand for Bitcoin is also increasing. But its quantity is limited, so this scarcity keeps the price rising. Long-term holding of Bitcoin will gain higher profits.

leea-1334

hero member

Activity: 2338

Merit: 953

Temporary forum vacation

Quote from: ?? on ??

Believe me, i try. But in the reality it's very hard to hold coins especially when the price up more than 3 times. I've been holding crypto since 2017, when the market crash in 2018 i loss a lot at that time. Stupid me i sell half my investment in 2018, but i still very gratefull because i not sell all of my investment at that time.

If you really do have to sell coins,,, that is okay. I do not think everyone is able to just buy and hold,,, in fact, I sometimes think if the majority of us used Bitcoin regularly to pay for bills and whatever stuff it is we have to pay no matter what, Bitcoin would get even stronger. Remember, it gets better with more use. If everybody just holds the network would be so empty and only be used for buyer transactions;)

xSkylarx

hero member

Activity: 2366

Merit: 594

Quote from: ?? on ??

Believe me, i try. But in the reality it's very hard to hold coins especially when the price up more than 3 times. I've been holding crypto since 2017, when the market crash in 2018 i loss a lot at that time. Stupid me i sell half my investment in 2018, but i still very gratefull because i not sell all of my investment at that time.

We have the same feeling, like we used to look our portfolio how much we gain or lose and we cant manage our emotion. If you see that it goes up a lot then you tend to sell it or if it tends to crash like you said then you still have instict that to prevent more losses you will sell it also. I think in this kind of situation the best to do is hold and forget it for a couple of year but before that you should only invest what you can afford to lose so that it wont hurt a lot in your side.

randegibran

sr. member

Activity: 882

Merit: 252

for now we should admit that the crypto world is still the number 1 enthusiast for business people considering that the crypto world is currently very popular among business people, both for old businesses and for beginners, because in the crypto world business, the way it works is very simple. transparent and without coercion, such as when we want to buy something for us to resell at the right price and we can do that whenever we want, but only the price difference is for a coin

randegibran

sr. member

Activity: 882

Merit: 252

everyone will only see instant.results by buying bitcoin at a low price but wanting.to sell.it at a high price, that's.what novice.investors want at this time, they only think instantly.in terms of the method.it's.not However, it.is still going.through a long process.especially since this is a long-term business.whose prices.sometimes go up and down in.a period.of time that we cannot.determine.

bakasabo

legendary

Activity: 2492

Merit: 1215

It is easy to advice never to sell when you have experience of holding. Those who has bought Bitcoin recently or have little experience of holding, find it hard to believe that “not selling is the best option”.
Instrad of “never sell” I would suggest to look on price graph once again and try to find by themselves how price has dropped and than recovered.

Anonylz

hero member

Activity: 2562

Merit: 577

People have different approach to how they will manage their btc bag, sometimes it feels like given a precious asset away when you sell, however taking profit is very important and a big part of investment, holding is good but must have a set target 9r time frame when you must liquidate some percentage of your holdings and keep the rest, buying and selling is what keeps the market moving, if everyone buy to hold and no one sell then that won't be healthy for the growth of the market, besides when people sells new buyers will have opportunity to come in.

KaliLinux

hero member

Activity: 1344

Merit: 565

Quote from: rosebrand on July 10, 2021, 10:02:23 PM

Most times is good to take profits while in profit, it really feels bad seeing your investment getting so much profit and you didn't take those profit and after a while price falls back below your entry making you loose those profits, so most times it's better to sell when in profit and buy back later when prices dips. Talking about task not all countries impose task on crypto gains so i think it depends on your location, people in countries which task are imposed on crypto can actually save thier profits in usdt.

You are so correct. I too don't get it sometimes when I see investors talking about Don't sell your Bitcoin, What was my purpose of investing? what happens If I might not have more funds to buy and I could have been able to double my bag by just simply selling at a higher price and buying back when the price dips like in the situation we are now? I believe that Investors should also understand that you can take some profits and make yourself feel the good of what you invested in while still trying to double your HODLings by trading wisely and yes you are right about the capital gains in crypto. We don't experience such here in my country.

swogerino

legendary

Activity: 3318

Merit: 1247

Bitcoin Casino Est. 2013

I have started mining in early 2016 and in February 2021 I got back my investment(yeah I didn't sell at 2017 bull run).Not only got back my investment but also invested in two more powerful mining rigs(GPU-s mining rigs) but have also almost half Bitcoin from that mining activity since 2016.I withdraw every thing I make from these new mining rigs and invest in different things,I keep that half Bitcoin for when the price of Bitcoin will go 100.000 dollars or more.So I sell and save but some Bitcoin I am saving it for that target price and I will reinvest it in crypto mining machines again beside getting my profit,that is what I do,I wait for win-win situations to happen in my life.

yohananaomi

sr. member

Activity: 2422

Merit: 267

Hire Bitcointalk Camp. Manager @ r7promotions.com

Quote from: ?? on ??

This formula works base on the individual location, bitcoins do not tax in my country and at that, I will prefer to use bitcoin as a daily currency. It's good to hold bitcoin but again you can't continue to hold when you need to pay bills.

maybe for you using bitcoin will be more practical, but actually the purpose of holding bitcoin is to seek profit from the increase that will occur in the future, it seems too bad you use bitcoin to pay bills, should be able to find other allocation funds and not by using bitcoin .
but again this is just a suggestion, it all depends on you, if i definitely will not release bitcoin for other purposes before reaching the desired price.

ninkdwi

member

Activity: 364

Merit: 14

Quote from: gundala on July 11, 2021, 05:14:38 PM

By having basic skills in market analysis, we are not easily influenced by fomo and will not panic buy or sell, so we are more confident and wise in managing assets. We can use the opinions of other people who are more professional and experienced in this ecosystem as a basis for analysis, but we still have to make our own decisions. this is not easy, it takes a process to learn, and practice to hone experience, don't give up because everything really needs a process to achieve a valuable learning experience.
one more key, don't be greedy. the market is very volatile so don't regret anything if you take profit then pump price, wait for another opportunity to enter again.

the point is to keep practicing and never stop to learn in terms of anything even the smallest, because usually the simple knowledge that we get when trading directly will make an impression and make us appreciate how important it is to learn and believe in our own abilities.
Regarding greed in taking profits, it returns to the respective trading principles. If greed makes you face big doubts, then it's better to stop.

gundala

full member

Activity: 896

Merit: 108

Quote from: ninkdwi on July 11, 2021, 02:25:43 PM

---
from here we learn to respect the decisions we make ourselves and not be influenced by others. because this is related to your finances so you have to really manage and do research in making decisions.
but that doesn't mean we don't trust other people, at least we use the opinions of others as a reference and our voting power in doing research.
but with regards to selling bitcoins i totally agree with your decision

By having basic skills in market analysis, we are not easily influenced by fomo and will not panic buy or sell, so we are more confident and wise in managing assets. We can use the opinions of other people who are more professional and experienced in this ecosystem as a basis for analysis, but we still have to make our own decisions. this is not easy, it takes a process to learn, and practice to hone experience, don't give up because everything really needs a process to achieve a valuable learning experience.
one more key, don't be greedy. the market is very volatile so don't regret anything if you take profit then pump price, wait for another opportunity to enter again.

haidil

sr. member

Activity: 784

Merit: 252

Quote from: jerry0 on July 10, 2021, 03:55:01 PM

Do you think someone should never sell their btc unless they absolutely have to? Such as if you have money enough to even barely pay your bills, do that and don't sell any btc?

we do not sell btc does not mean it is not allowed to do.
so it means that we are free to do whatever we want to do here, be it selling, buying, or holding.
but it would be better when the current price is less friendly because we are in crucial times in bitcoin, we are even wiser in the steps we take.
but that doesn't mean it shouldn't be sold because it is your asset so you are free to do whatever.
related to bills or other needs, as long as we have a reserve of money that we have it would be better if we don't sell our assets but if it's stuck and don't have anything else then use your assets with this note being the last choice because of profits in the future coming will be far from what you imagine

ninkdwi

member

Activity: 364

Merit: 14

Quote from: AakZaki on July 07, 2021, 11:04:23 AM

Yep, because the volatility will never stop. Prices go up prices down there will always be. So I think holding on forever is not right. I have analysis with my ruler, I have pegged some increase and some decrease when the target comes I have to do that strategy. Although not accurate but at least I have assets that continue to grow. Also with my technique I can feel more at ease with the total amount of assets I have in USDT because the movement is not like bitcoin.

from here we learn to respect the decisions we make ourselves and not be influenced by others. because this is related to your finances so you have to really manage and do research in making decisions.
but that doesn't mean we don't trust other people, at least we use the opinions of others as a reference and our voting power in doing research.
but with regards to selling bitcoins i totally agree with your decision

yohananaomi

sr. member

Activity: 2422

Merit: 267

Hire Bitcointalk Camp. Manager @ r7promotions.com

Quote from: Vishnu.Reang on July 11, 2021, 08:14:28 AM

For those who have invested 50% or more of their total wealth in to Bitcoin, there is nothing wrong in booking profits at regular intervals. But in my case, I invested only around 10% of my net worth in Bitcoin (that was in 2017). I sold some amount of my coins during 2017-20 period. I regret about that decision, because if I had held on to them, then I would have got a higher amount of profit. My advice to everyone is that in case you have a small number of coins (<25% of your net worth), then it will be better to wait for some more time, so that the exchange rates hit 6 digits.

indeed in the end everything is determined by the capital we allocate to investment, because if the capital we use is actually a need that is also in it then we will find it difficult to make long-term investments, so we will always look at the situation and if it has increased a little we will be tempted to sell it. but if the capital that we invest is indeed capital that is specifically available for investment then the events that you face or many people do will not happen. because when the halving is over, a renewable ATH will be formed, that's where it's time to sell it.

no need to regret because there will always be time to invest in bitcoin, because only bitcoin always continues to increase every 4 years by forming renewable ATH and never goes down, so it is worthy of being a future investment.

Vishnu.Reang

sr. member

Activity: 1988

Merit: 453

For those who have invested 50% or more of their total wealth in to Bitcoin, there is nothing wrong in booking profits at regular intervals. But in my case, I invested only around 10% of my net worth in Bitcoin (that was in 2017). I sold some amount of my coins during 2017-20 period. I regret about that decision, because if I had held on to them, then I would have got a higher amount of profit. My advice to everyone is that in case you have a small number of coins (<25% of your net worth), then it will be better to wait for some more time, so that the exchange rates hit 6 digits.

Topic: Never sell your Bitcoin? - page 6. (Read 2955 times)