Never sell your Bitcoin? - page 7. | Bitcointalksearch.org

lepbagong

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Quote from: awik p on July 11, 2021, 02:10:17 AM

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

-snip-

I agree, but we also have to respect other people's thinking where he already intends not to take advantage in the near term. maybe they intend to pass it on to their grandchildren, so that their children and grandchildren will not be financially short. but for me personally at the moment I still need money, so I have to look for maximum profit and buy it back when the price drops

it is true that no one will be the same in opinion, let alone to execute possible actions for the purpose of taking advantage sooner than the time. because like everyone will have very different needs, there are those who are indeed investments because the funds invested are more funds and will be used differently from the needs they have. would obviously take a different course of action and that is natural and reasonable.

buy when the price drops and sell it when we think it is appropriate to sell because it is quite profitable, but there are those who actually wait for a long time and not infrequently for a long time to finish after a halving that occurs every 4 years, with the aim of forming a maximum price.

Obito

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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.

There's nothing wrong with that yes, but if you have nothing to spend it on or if you believe that it's going to be more than just the current prices then probably hodling is your option but that comes with a risk that your greed might lead to your downfall because the prices are going down, my take on this is if you have the need or the profit margin is too big to be ig ored, I think that selling is the best thing to do.

awik p

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Pepemo.vip

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.

I agree, but we also have to respect other people's thinking where he already intends not to take advantage in the near term. maybe they intend to pass it on to their grandchildren, so that their children and grandchildren will not be financially short. but for me personally at the moment I still need money, so I have to look for maximum profit and buy it back when the price drops

rosebrand

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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.

Twinkledoe

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★Bitvest.io★ Play Plinko or Invest!

Quote from: verita1 on July 10, 2021, 06:59:11 PM

I would sell only the Bitcoin that I needed for my daily nececities. I am already seeing my Bitcoin as a coin of collection or a special heritage for my family.
Some antibitcin speak about him as a dead currency, the truth that is disappointed that concept.

I maintain the best spirit of a Bitcoiner before any circumstance, it is for freedom and I believe that the motto is not to give up it.

Same here. Also, I am putting some of my btc to savings that can earn interest. The interest is not that much. But if you are just waiting, better earn a lil bit everyday, right? As it is bound to increase its value, maybe it is worth holding it while you can or buy every chance you have. There's no time to regret once its value skyrocket in the future.

verita1

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I would sell only the Bitcoin that I needed for my daily nececities. I am already seeing my Bitcoin as a coin of collection or a special heritage for my family.
Some antibitcin speak about him as a dead currency, the truth that is disappointed that concept.

I maintain the best spirit of a Bitcoiner before any circumstance, it is for freedom and I believe that the motto is not to give up it.

jerry0

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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?

Daniel91

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Each of us needs to have our own investment strategy as well as an exit strategy.
It is not good to listen too much to the advice of others because each of us is different and has a different personal situation.
For me, bitcoin is an important part of my investment portfolio but I don’t think it’s a good idea to depend on just one type of investment asset, no matter how good it seems.
In addition to crypto projects, I also invest in classic stocks and investment funds, as well as in business start-up companies.
That way, if there is a problem in one type of investment asset, I don’t worry so much because I have diversified my investments on multiple sides.
Money is to be spent and invested, not to be kept Grin

If there is a good investment opportunity like a start up with a possible return of 2 000%, why not invest part of my bitcoin funds in such an opportunity?

ndalliard

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Quote from: Argoo on July 10, 2021, 03:58:05 AM

However, you should always take into account that any cryptocurrency, including bitcoin, cannot constantly grow in price. Many economic factors will restrain this process, including its high price, which will already serve as a risk factor for investments. Therefore, I would be very careful about the calls to never sell my bitcoins. We still need to control our investments and be not only an outside observer of their price ups and downs.

care to explain why you think bitcoin can not go up forever? you are saying the high price will lead to not higher prices?! i am confused Huh

Tahsin Kabir Kollol

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People invest in Bitcoin and buy and hold it for various purposes. Every bitcoin user has different thoughts and needs and purposes. We all know that Bitcoin is a potential cryptocurrency and its popularity and value is increasing day by day. However, the idea of never selling Bitcoin may not be compatible with everyone. Many people hold bitcoins for a certain profit and then sell them. Those who invest in Bitcoin use their skills to trade and make huge profits by buying and selling it at the right time. However, in my opinion, it would be wise and appropriate to increase the amount of Bitcoin through buying and selling through market analysis without holding Bitcoin.

vanessacummings

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There’s no point in just holding bitcoin for lifetime. How will you be able to get profits on it! I think the best would be to stick to your own strategy rather than depending on anybody else’s advice.

Argoo

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Quote from: ?? on ??

We know that Bitcoin is one of the best valuable digital crypto in the cryptocurrency market. Because we know that Bitcoin price is very high position than others coin.So i trust that it's the king of cryptocurrency market.So i trust that when I sell Bitcoin I must give tax but when I hold it i believed that I benifted for interest in free tax.So i trust that not should sell quickly to preserve or hold bitcoin is the best way for long term.

However, you should always take into account that any cryptocurrency, including bitcoin, cannot constantly grow in price. Many economic factors will restrain this process, including its high price, which will already serve as a risk factor for investments. Therefore, I would be very careful about the calls to never sell my bitcoins. We still need to control our investments and be not only an outside observer of their price ups and downs.

AakZaki

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zknodes.org

Quote from: SacriFries11 on July 09, 2021, 11:02:27 AM

It depends if you are a trader or a long term holder. If you have the knowledge in trading, you can buy in a lower price and sell in a higher price in a short term period. If you are a long term holder, take advantage of the bull market. With this you can take profit but you do not need to sell it all. You must take position or buy when the price go down during bear market.

In the end, adjust to your skills. In addition, if the basis is profit then take the most effective steps to trade. Some steps sometimes we are different but our goal is the same. I myself prefer to sell and make $ Fiat. Of course this is with good technical and fundamental analysis. So no matter how much you hold, there must be a target, we have to TP and have to CL.

temple

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Quote from: SacriFries11 on July 09, 2021, 11:02:27 AM

It depends if you are a trader or a long term holder. If you have the knowledge in trading, you can buy in a lower price and sell in a higher price in a short term period. If you are a long term holder, take advantage of the bull market. With this you can take profit but you do not need to sell it all. You must take position or buy when the price go down during bear market.

This is one important consideration, but another is why is it always about either or? Sell or hold? You could also decide to sell a little portion, secure some profits and keep the rest. A lot of people ask are you going to sell or hold, but shouldn't a reasonable answer in most cases be "both"? You trade some, you keep some, you are always part of the game without risking too much at any point in time.

lepbagong

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Quote from: clint25n on July 09, 2021, 03:08:10 PM

maybe not not selling our bitcoins but we are waiting for a suitable price for us to get a little profit from the trading value of the bitcoin, if indeed the price is suitable for sale then we will sell it so we can get a little profit from this business

all will do as you may say, always waiting for the right time to reach the price past the time of buying and feel enough to sell it at a well-deserved profit, no need to be greedy to seek exorbitant profits. because later it will rush down again and the opportunity is lost.

selling at the right time is best and waiting for it to come back down and buying it back and saving for the upgrade time to come again. a very good way if it continues and will make us always lucky.

clint25n

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maybe not not selling our bitcoins but we are waiting for a suitable price for us to get a little profit from the trading value of the bitcoin, if indeed the price is suitable for sale then we will sell it so we can get a little profit from this business

rima28

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If You can help it .your Bitcoin never sell it. otherwise actively use .some of them are for investment like mid term or short term or long term .unless you have no other choice don't ever sell it.

SacriFries11

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It depends if you are a trader or a long term holder. If you have the knowledge in trading, you can buy in a lower price and sell in a higher price in a short term period. If you are a long term holder, take advantage of the bull market. With this you can take profit but you do not need to sell it all. You must take position or buy when the price go down during bear market.

tippytoes

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Quote from: carrigan on July 07, 2021, 06:14:38 PM

I don't live in a country where Bitcoin is legal for payment transaction.
But, I also don't spend it for last long life investment. I am a short holder and also day trade. SO, I think it will depend on our passion and also our goal of earning and having Bitcoin. So do the other cryptocurrencies.
I am psure enough that everybody has their own chance and strategy to earn money and utilize Bitcoin.

But you can convert your bitcoin to your local fiat? Anyway, a lot of countries are now opening to the acceptance of bitcoin or other alts in their payment method, so sooner or later your country may do the same. And more than likely the price of btc is quite valuable that you don't want it to use for payment purposes. Most long-time btc holders have the aim to get big profit by waiting to hit their target price. And based from the btc moving average chart, we are bound to see high price of btc in the coming years.

carrigan

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I don't live in a country where Bitcoin is legal for payment transaction.
But, I also don't spend it for last long life investment. I am a short holder and also day trade. SO, I think it will depend on our passion and also our goal of earning and having Bitcoin. So do the other cryptocurrencies.
I am psure enough that everybody has their own chance and strategy to earn money and utilize Bitcoin.

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