Non to be blamed, Invest>Hold & Sell

Baki202

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Quote from: Kelward on December 07, 2024, 02:59:37 AM

Truly di Bitcoin wey anybody hold na im property and na im go decide when im go sale or just de hodl am de go, and when di holder decide to sale make im take di money, either with profit or lose. E good to sale and move on, whether Bitcoin pump or dip after you sale, dat one no be your business again, unless you still get more for your starch. Bitcoin na volatile asset and dat one make many people to become speculators, so from dat perspective you no go blame everybody wey de compare price, na part of di market be dat. But if di reason na solely out of regret say im sale at lose because price pump after di sell, dat one na medicine after death.

People still dy wey them they fear to invest in bitcoin and people self wey wan introduce them they fear because this kind matter if you look am I no blame them because you go they look say make person no come they blame you say them lose money when them wan invest in bitcoin na one of the challenges at even some mentors they face because of how the students done take the matter of investment, plenty of them mind na how to cash out from the thing and you go cash out but no be the way them take am , for there own mind the way you invest the way you go make better profit, if them fit calm down and them get that patience then they go for bitcoin and another thing na make them learn how to hold na when they go they on a safer side be that.

Jegileman

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When you don invest into something and you no get cash out from wetin you invest into, you no go count am as profitable investment even though the thing give you 1000% profits of your initial investment. Many people they make that mistake of holding even when them don reach peak level to comot their investment and then wait to invest back again on a later time as the market dey experience volatile nature normally.

Nobody talk say make you no invest and hold but for anytime wey you don invest, make you trigger profit target and even though you no get that target, just make sure say you no dey in loss at the end of the day when you check back how your investment take be from beginning. As you dey invest, make your mind dey at alert to take profit whenever the opportunity comes for you.

I_Anime

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Quote from: Obim34 on November 29, 2024, 01:12:28 PM

This topic is based on so many replies and topics as observed in the forum since the past days we began experiencing this massive price increase. Several topics concerning profits, selling too soon and many more which are being raised and sincerely i don't know the worth of those discussions.

I just want to make something clear, no matter how long we decide to hold our investment, in as much we can not hold forever that means we cannot possibly take all profits from the market, the mindset of we selling our investment then going back to compare with what we sold and per the current price shouldn't be raised at most. Our initiative of investing is to hold and sell for later profits, we only talk about holding longer in other to maximize our profits but then we should not also hold back from selling or criticize ourselves for selling at any point. Make your investments, Hold then sell when in need and when you completely exhaust your budget and when you do so, nobody is to be blamed, it is the final stage of investment.

Well our investment is not for decoration, is something that will actually help in a long run . But your investment is not something you should be running to always, you can't just start investing in bitcoin today and start looking for profits (nahh things don't Work that way ). At first you got to take your time and build something beautiful first that will yields you something nice in a long run , though ain't gonna be easy There are going to be alot of temptation that will come that will drag your mind of thinking of selling your bitcoin too early , but with God and following the right principle one can be able to keep up .

The only set of people that lose guard are those that have the chance to invest in bitcoin but due to procrastination they endup missing such wonderful opportunity, is not late though but those set of people can't compare their profits to those that have been into Bitcoin for Long.

CryptopreneurBrainboss

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Quote from: AYOBA on December 18, 2024, 04:57:24 PM

They said that what get advantage also have disadvantages, that’s all about the invest Hold and sell: there’s some times that person will be holding some coins for a long periods of times and the market will still not comes normally as they want am, till after they’ve sold everything they invested the market will later do well.

Me I dey believe say people wey this invest and hodl no dey favour na people wey dey carry Bitcoin investment mentality they follow altcoins them. People no dey remember say altcoins na complete different ball game that has to do with gambling and nothing like investing for that area.

Investing in altcoins just belike when you dey carry odds and only hoping for them to play as you wish. No go dey think say hodling altcoins is like that of Bitcoin wey be say if e no favour you this bull market say another time dey come.

Altcoins get seasons them as this particular one fit dey trend today but tomorrow, nobody go wan get something to do with am.

Investing in altcoins na all about smartness and you accepting the risk that you're not going to make any profit from your capital and na why people no dey like recommend them for the forum.

Smartvirus

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Quote from: Obim34 on November 29, 2024, 01:12:28 PM

I just want to make something clear, no matter how long we decide to hold our investment, in as much we can not hold forever that means we cannot possibly take all profits from the market, the mindset of we selling our investment then going back to compare with what we sold and per the current price shouldn't be raised at most. Our initiative of investing is to hold and sell for later profits, we only talk about holding longer in other to maximize our profits but then we should not also hold back from selling or criticize ourselves for selling at any point.

No be lie you talk my brother, this idea Dey rooted in many of us for obvious reasons of a price increase, regrets and wishes. Unfortunately, you no fit eat your cake and still get am. Na the truth we need Dey tell ourselves be this. The small or plenty coin way you sell at a certain time, na something, some wahala na em you use the money solve or maybe, you channel am put for another field. The thing be say, you don use am do something, something way no been fit wait and like that, it has served a purpose.

Profit na profit, even though some profit plenty pass some, so long as you sell on profit, you no do badly.

However, the talk about hodling for a long time go always continue and e no bad if you ask me. That na because, these comparisons Dey carry motivation join body. E go reduce unnecessary sales within some investors and that go mean well for the market.

AYOBA

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They said that what get advantage also have disadvantages, that’s all about the invest Hold and sell: there’s some times that person will be holding some coins for a long periods of times and the market will still not comes normally as they want am, till after they’ve sold everything they invested the market will later do well.

That’s why is very important for anyone who have much interest in the investment should learn how to be patient for him to achieve his full goal ok investments, because if a person is lack of patience it will very hard for him earn gain in the future: since some coin did well earlier and some take time before the market will turn green.

Sonia_123

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Na you know as you want your life to be and how e dey be you, so whether you HODL, sell or buy that one depend on your ability to hand your Portfolio, for me I for sey make you nor just reason to sell your investment anytime, because na now wey Bitcoin gain just dey start, i believe sey you no suppose to dey run dey sell Bitcoin any how you suppose leave am tey small like 5 years to 10 years before you sell am. ,using the DCA no dey wori person at all to accumulate,just comot your eye and make up your mind sey na for long term, no mata wetin happen, you no go touch am na the only way wey you go fit take achieve long-term goal for Bitcoin and when you get reserve and emergency money keep for one corner e go help well well, na wetin i feel sey go fit help.

Adbitco

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Quote from: Obim34 on December 13, 2024, 12:34:29 PM

Quote from: Adbitco on December 07, 2024, 06:07:45 PM

Quote from: Charles-Tim on November 29, 2024, 02:11:09 PM

Quote from: Obim34 on November 29, 2024, 01:12:28 PM

Make your investments, Hold then sell when in need and when you completely exhaust your budget and when you do so, nobody is to be blamed, it is the final stage of investment.

What do you mean about it is the final stage of investment?

The reason some people post not to sell is to show how holding in long term can be profitable, indicating that bitcoin is an appreciative asset in long term which people can let their children inherit.

I don't think he really understand the system because we can't be in any final stage, since bitcoin is still creating new price level there are still possibility to invest in bitcoin and hold for the next 8-12 years. Anyone who holds upto this can actually makes good profits from Bitcoin and as we know long term investment is more beneficial than short term.

You are missing something, what i meant was after all strive to accumulate into our portfolio over time, the end process of our investment is making profits, which means we Buy>Hold & make our plans to Sell when due after making profits, i never said we are at the final stage of Bitcoin rather whenever we choose to sell becomes the last stage of the journey.

Is okay sha, I know say sometimes we go sabi wetin we dey write but since e be say we no too put am to our understanding people go get am twisted because them no too comprehend wetin you cap. But as come settle down come explain am e come make me know say na another thing you meant, but anyhow I know say no be wetin you be that and I for talk say people wey get experience no supposed talk this kind things.

Marvelockg

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Quote from: asarfiar on December 14, 2024, 03:13:45 AM

For example, you and another person have two plots next to each other, but you sold them uncertainly, while the other person held them for a long time at a good price. I think over time, even though bitcoin now crossed $100k, it has the potential to achieve a much larger ATH if it holds for a long time.

this analogy doesn't still take away the point that selling is always an huge part of ones investment journey and that different people sells thier Bitcoin for different reasons and at different time.

Sometimes in a bid to emphasize on the importance and the numerous benefit that comes with long term investment, we've placed ourselves in positions where we make it look as though selling ones Bitcoin should never be a consideration for an investor. I'm an ardent long term investment enthusiast but still, I still understand the importance of setting out plans for potential exit point or time when it might look necessary to take out profit. Regardless of the extent of profitability in long term investment, the order as outlined by the OP which always goes from buying, holding and then selling are irreplaceable variables that comes with every Bitcoin investors journey.

The approach of making the last decision of selling might differ based on individual differences and for some, based on thier plan, it might take longer before selling but at the end, Thier must always come a point when one has to sell. Holding Bitcoin forever is a total waste for an investor hence the need to plan the best time of doing so.

asarfiar

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Quote from: CryptopreneurBrainboss on December 12, 2024, 03:40:00 PM

Quote from: Obim34 on November 29, 2024, 01:12:28 PM

Our initiative of investing is to hold and sell for later profits, we only talk about holding longer in other to maximize our profits but then we should not also hold back from selling or criticize ourselves for selling at any point. Make your investments, Hold then sell when in need and when you completely exhaust your budget and when you do so, nobody is to be blamed, it is the final stage of investment.

No allow greed make you hodl to death to the extend wey be say you go make profit finish still you no enjoy am and neither will your family because say nobody sabi your private key to your wallets them wey you dey use hodl your investments. As them dey tell us to DCA into our investment as na the best investment strategy be that. So is DCA out of our investment by selling fractions after fractions and not leaving the market one time. Whenever you get any financial problem (I know say we no dey pray for am) but my brother try solve am and no kill yourself by having money that you can't use. Life no go finish if you sell and there will always be opportunities in the future. No go dey regret taking profits when you did but also dey get further plans of investing for your future and not only being concerned about the now.

When we review the discussion that comes above the various criticisms of Bitcoin investment, we need to make a little correction, following the instructions to buy and hold for a long time. Investors must plan a thing, the tendency to make long-term investments. Currently, Bitcoin's highest, ATH, has created a new awakening for many of us, and many traders have sold their Bitcoins during this half season. We can easily advise a person to HOLD Bitcoin for a long time, on the other hand, we are careful about our savings, but there are many who sell as soon as the price rises a little instead of a long time. If we wait for a long time, we investors end the wait at that time.

For example, you and another person have two plots next to each other, but you sold them uncertainly, while the other person held them for a long time at a good price. I think over time, even though bitcoin now crossed $100k, it has the potential to achieve a much larger ATH if it holds for a long time.

Obim34

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Quote from: Adbitco on December 07, 2024, 06:07:45 PM

Quote from: Charles-Tim on November 29, 2024, 02:11:09 PM

Quote from: Obim34 on November 29, 2024, 01:12:28 PM

Make your investments, Hold then sell when in need and when you completely exhaust your budget and when you do so, nobody is to be blamed, it is the final stage of investment.

What do you mean about it is the final stage of investment?

The reason some people post not to sell is to show how holding in long term can be profitable, indicating that bitcoin is an appreciative asset in long term which people can let their children inherit.

I don't think he really understand the system because we can't be in any final stage, since bitcoin is still creating new price level there are still possibility to invest in bitcoin and hold for the next 8-12 years. Anyone who holds upto this can actually makes good profits from Bitcoin and as we know long term investment is more beneficial than short term.

You are missing something, what i meant was after all strive to accumulate into our portfolio over time, the end process of our investment is making profits, which means we Buy>Hold & make our plans to Sell when due after making profits, i never said we are at the final stage of Bitcoin rather whenever we choose to sell becomes the last stage of the journey.

Quote from: CryptopreneurBrainboss on December 12, 2024, 03:40:00 PM

Quote from: Obim34 on November 29, 2024, 01:12:28 PM

Our initiative of investing is to hold and sell for later profits, we only talk about holding longer in other to maximize our profits but then we should not also hold back from selling or criticize ourselves for selling at any point. Make your investments, Hold then sell when in need and when you completely exhaust your budget and when you do so, nobody is to be blamed, it is the final stage of investment.

No allow greed make you hodl to death to the extend wey be say you go make profit finish still you no enjoy am and neither will your family because say nobody sabi your private key to your wallets them wey you dey use hodl your investments. As them dey tell us to DCA into our investment as na the best investment strategy be that. So is DCA out of our investment by selling fractions after fractions and not leaving the market one time. Whenever you get any financial problem (I know say we no dey pray for am) but my brother try solve am and no kill yourself by having money that you can't use. Life no go finish if you sell and there will always be opportunities in the future. No go dey regret taking profits when you did but also dey get further plans of investing for your future and not only being concerned about the now.

Na the real one you talk so, for the past weeks now wey be say i don dey down and lots of things just dey pass through my reasoning, all the thing we dey hustle for go only end for here, as i even dey on my medication the thought of my Bitcoin no even dey cross my mind apart from the hours i go just spend for the forum inside one or few discussions, God forbid if anything happen be say all my efforts to accumulate wetin don dey my portfolio na all waste or maybe at the end no be me go come chop the profits. I don dey reschedule my life, as we dey keep for next of kin make we also dey reap from wetin we don sow.

Ever-young

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Quote from: Adbitco on December 07, 2024, 06:07:45 PM

Quote from: Charles-Tim on November 29, 2024, 02:11:09 PM

Quote from: Obim34 on November 29, 2024, 01:12:28 PM

Make your investments, Hold then sell when in need and when you completely exhaust your budget and when you do so, nobody is to be blamed, it is the final stage of investment.

What do you mean about it is the final stage of investment?

The reason some people post not to sell is to show how holding in long term can be profitable, indicating that bitcoin is an appreciative asset in long term which people can let their children inherit.

I don't think he really understand the system because we can't be in any final stage, since bitcoin is still creating new price level there are still possibility to invest in bitcoin and hold for the next 8-12 years. Anyone who holds upto this can actually makes good profits from Bitcoin and as we know long term investment is more beneficial than short term.

You both could be right based on how you picture the statement "final stage of investment." We all know that bitcoin doesn't have a limited price, which it should not cross when it gets to that level, nor is the $100k level even the limit but just the beginning, but from what I could read and understood, I could also be wrong.

But the final stage that the OP could be referring to should be the profit that is being taken at the end of your investment. One of the main purposes why many people invest in Bitcoin is to make a profit from it, and that time, even if they don't sell now, whichever time they decide to sell could be considered their final stage for the investment. I could also be wrong.

CryptopreneurBrainboss

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Quote from: Obim34 on November 29, 2024, 01:12:28 PM

Our initiative of investing is to hold and sell for later profits, we only talk about holding longer in other to maximize our profits but then we should not also hold back from selling or criticize ourselves for selling at any point. Make your investments, Hold then sell when in need and when you completely exhaust your budget and when you do so, nobody is to be blamed, it is the final stage of investment.

No allow greed make you hodl to death to the extend wey be say you go make profit finish still you no enjoy am and neither will your family because say nobody sabi your private key to your wallets them wey you dey use hodl your investments. As them dey tell us to DCA into our investment as na the best investment strategy be that. So is DCA out of our investment by selling fractions after fractions and not leaving the market one time. Whenever you get any financial problem (I know say we no dey pray for am) but my brother try solve am and no kill yourself by having money that you can't use. Life no go finish if you sell and there will always be opportunities in the future. No go dey regret taking profits when you did but also dey get further plans of investing for your future and not only being concerned about the now.

Adbitco

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Quote from: Charles-Tim on November 29, 2024, 02:11:09 PM

Quote from: Obim34 on November 29, 2024, 01:12:28 PM

Make your investments, Hold then sell when in need and when you completely exhaust your budget and when you do so, nobody is to be blamed, it is the final stage of investment.

What do you mean about it is the final stage of investment?

The reason some people post not to sell is to show how holding in long term can be profitable, indicating that bitcoin is an appreciative asset in long term which people can let their children inherit.

I don't think he really understand the system because we can't be in any final stage, since bitcoin is still creating new price level there are still possibility to invest in bitcoin and hold for the next 8-12 years. Anyone who holds upto this can actually makes good profits from Bitcoin and as we know long term investment is more beneficial than short term.

Obim34

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Quote from: Mpamaegbu on December 07, 2024, 12:02:28 AM

Quote from: Obim34 on November 29, 2024, 01:12:28 PM

... the mindset of we selling our investment then going back to compare with what we sold and per the current price shouldn't be raised at most.

D people wey go fit to dey do dat wan na people wey nor take their profit do anything. E just be like land matta. After selling ur plot of land u com hear sey ur neighbour sell im own higher few months afta u sell and then you begin feel bad, e show sey d seller nor dey planned at all. As dis bull season dey on every hodler supposed get exit points and strategy as e bi, odawise persin go dey shift goal post and panic sell very early. Once ur target hit, just sell and not look back. No regrets.

Na better truth you yarn so, especially with the kind example you take explain am because this na one easy logical terms to use explain am, both of them follow be assets and most people wey even they purchase this land them no be say they get any plans to hold until they pass am through generation as inheritance most of them na just to buy then hold for about 5-10 years interval then begin make arrangement on how to sell am X(3)-(5) of wetin them been buy am.

The target for this market na to purchase at a lower price then sell at a higher price, profits should be made at all position, make e no matter whether we alone want make the whole profits from the market if not we go leave am for here crossover, either e lost or so because the way e be now, no be everybody done already make arrangements on willing their Bitcoin portfolio. My profits na my own, wetin another person go make 10 years from now no supposed concerned me as much because we were never on the same investment budget or calender.

Josefjix

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yes

Quote from: Mpamaegbu on December 07, 2024, 12:02:28 AM

Quote from: Obim34 on November 29, 2024, 01:12:28 PM

... the mindset of we selling our investment then going back to compare with what we sold and per the current price shouldn't be raised at most.

D people wey go fit to dey do dat wan na people wey nor take their profit do anything. E just be like land matta. After selling ur plot of land u com hear sey ur neighbour sell im own higher few months afta u sell and then you begin feel bad, e show sey d seller nor dey planned at all. As dis bull season dey on every hodler supposed get exit points and strategy as e bi, odawise persin go dey shift goal post and panic sell very early. Once ur target hit, just sell and not look back. No regrets.

Na one of the reasons why I dey always vex for some people dey go just come here dey talk about Early bitcoiner that sold their coins at early stage. How can you blame someone who sold his coins at profit just because he wasn't patient enough to wait, they bought something nobody believed would even hit $1, held it and finally sold it at $10 for something they bought below $1, took huge profit on investment and move on with their lives and some people will come here and talk trash.

Everything you put your capital on is an investment and it starts to yield good ROI you pull out and take profit. The essence of holding BTC is to make some profits nobe to carry go inside grave oo.

Kelward

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Truly di Bitcoin wey anybody hold na im property and na im go decide when im go sale or just de hodl am de go, and when di holder decide to sale make im take di money, either with profit or lose. E good to sale and move on, whether Bitcoin pump or dip after you sale, dat one no be your business again, unless you still get more for your starch. Bitcoin na volatile asset and dat one make many people to become speculators, so from dat perspective you no go blame everybody wey de compare price, na part of di market be dat. But if di reason na solely out of regret say im sale at lose because price pump after di sell, dat one na medicine after death.

Davidvictorson

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Quote from: Marykeller on November 29, 2024, 01:42:09 PM

I keep telling people wey care to know, that Bitcoin investment na per head wey em be. Your profits and losses are on you, not on anyone else. You can sell your Bitcoin at any time wey you feel like without anyone's permission or explanation on why you are doing that because any decision you make, na you go live up with that. It's better to take up a decision that will be favorable to you, so that you no go later blame yourself of why you no sell your Bitcoin to sort out your problems.

You too wetin sweet me for belle and I agree with you. Say we famz for the same BTC community nor me say any rule dey for eveeybodi to buy at the same time or sell. If you wan take profit, go ahead, if you wan hold till Bitcoin reach $150k, then go ahead. If you wan DCA go ahead . Just like you tok, any decision make the person dey ready to face am with their full chest.

Mpamaegbu

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Quote from: Obim34 on November 29, 2024, 01:12:28 PM

... the mindset of we selling our investment then going back to compare with what we sold and per the current price shouldn't be raised at most.

D people wey go fit to dey do dat wan na people wey nor take their profit do anything. E just be like land matta. After selling ur plot of land u com hear sey ur neighbour sell im own higher few months afta u sell and then you begin feel bad, e show sey d seller nor dey planned at all. As dis bull season dey on every hodler supposed get exit points and strategy as e bi, odawise persin go dey shift goal post and panic sell very early. Once ur target hit, just sell and not look back. No regrets.

Pi-network314159

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Quote from: Obim34 on November 29, 2024, 01:12:28 PM

I just want to make something clear, no matter how long we decide to hold our investment, in as much we can not hold forever that means we cannot possibly take all profits from the market, the mindset of we selling our investment then going back to compare with what we sold and per the current price shouldn't be raised at most. Our initiative of investing is to hold and sell for later profits, we only talk about holding longer in other to maximize our profits but then we should not also hold back from selling or criticize ourselves for selling at any point. Make your investments, Hold then sell when in need and when you completely exhaust your budget and when you do so, nobody is to be blamed, it is the final stage of investment.

De matter you bring here na true, we wey dey here no de matter as e dey be, if you even ask me I go say I no no weda plenty people dey hodl btc self, many people wey dey here no dey hold but we dey whyne ourselves for the sake of forum matter. The truth be say anybody wey get btc no how to handle or manage am. If e keep on holding na for him pocket, if e sell am for profit e Concern am. I believe everybody wet dey here na full grown adult wey get their decision to make, even say we dey encourage each oda but na we get the final decision to make.

Dzwaafu11

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Quote from: Felicity_Tide on November 29, 2024, 02:34:14 PM

I think the problem is actually been truthful. I also come across some threads that talks about investment and hodl, but only few discuss anything relating to selling. The truth is, everyone can not be the same. There are some people that can definitely invest and hold for a very long period of time, and maybe without any consideration to sell, while there are others that can't do the same.

Normally, regardless of how long you hodl, you will definitely sell if the price reaches your target, but even with that, it is advisable if someone hodls for a long period of time before selling their bitcoin investment so they can get profit as it’s supposed to be, but in investment, every investor has their own target of when they want to sell their investment.

Quote from: Felicity_Tide on November 29, 2024, 02:34:14 PM

Long term investment is very profitable, but can everyone do so without selling? I don't think so. At some point, people will definitely sell, while others will buy. That's how the market ought to work, though it's all depends on what hodlers wants to do with their holdings.

We can’t be the same, but you know some people are not able to risk their money for that long time we are saying, and that is why they sell of investment. However, the market is all about buying and selling. But just understand that even if people still hold for a long time, many people will be selling. But that doesn’t mean those people are selling did not hodl for a long time. You can’t tell when they hodl and sell at that time.

Adams0001

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Quote from: Nwada001 on November 29, 2024, 05:22:36 PM

I also keep telling people that bitcoin is not something that's meant to be held forever; if I need to decorate my place, I will go get some statues or flowers or something whose main use and purpose is for decoration.

Having so much belief in bitcoin is not bad, but holding it not for ever as if it's a magnet in your wallet is not a wise thing to do. No doubt long-term holding pays, but all profit can't be the person's own.

There will always be a worst time in the market. The best thing is to take profit when you can enter back the market when you can and don't make your judgement based on what others have profited or lost.

We invest in bitcoin to hold and profit, you are correct that we cannot invest indefinitely; once we reach our goal, we sell the profits and solve our problem. And some sell even if they don't make a profit since an emergency can arise at any time and you will undoubtedly sell even if you don't make a profit to address the situation. Because the market can be volatile at times, even if you invest for the long term, he will most likely drop if you do not sell while you are in gains and instead wait for it to rise more before selling, and if you are unlucky, the price will undoubtedly fall and you will not be in profit.

Nothing you can hold for ever, in this life you will just try your best and when you are in need, you will definitely sold it out, and invest when you are in funds again, but you can't say you will leave it for ever because you don't know the end of bitcoin, so invest, hold, and sell that all not for ever, if you are in loss, you will keep trying and leaving it, and when you are in profits, you have gained something and the best thing to do next is to sell the profit and leave your capital again.

Moreno233

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Even while we talk about investing and holding, we must tell ourselves the truth that our country is not really helping us in terms of the economy, access to finance and many other factors. Most of the graduates are unemployed and the few that are employed are heavily underemployed, living from hand to mouth. A country where minimum wage is less than $50, how would one meet up basic needs, invest in Bitcoin and still set aside emergency funds, that is like a protection over the investment, under that arrangement? Most Nigerian youths are willing to invest massively in Bitcoin HODL but they are being constrained by the economic realities on ground. I must say that the youths are trying because despite the challenges, a lot of them are still able to HODL that is why you see Nigeria ranked among top countries as it relates to Bitcoin.

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Bitcoin investment na personal race and you need to do wetin you like with your bitcoin investment based on the circumstances wey you dey face at that moment. The truth be say anyhow wey your bitcoin investment size dey na e go tell how you go use enjoy the profit. History don prove say investors wey sacrifice buy bitcoin well well and hold am for a long time to enjoy him bitcoin investment profits pass the person wey no too hold for long, because of the power wey bitcoin get to dey increase in value as time dey go. Sell small part if big problem come wey no way to solve am, but buy back when you get money. Just imagine if you manage keep your bitcoin as your pension for old age, na you go benefit pass.

Hewlet

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Quote from: Obim34 on November 29, 2024, 01:12:28 PM

Make your investments, Hold then sell when in need and when you completely exhaust your budget and when you do so, nobody is to be blamed, it is the final stage of investment.

at the end, it's a matter of choice and the kind of plan you are working with. most of the people when de advocate for long term investment still know say a time go certainly reach when them go still sell their bitcoin holding and selling of ones bitcoin at any point in times no mean say bitcoin price go just DIP from that point, if you like sell am at $60k to $100k, you go still discover say if like say you hold the bitcoin for a longer period of time, you for de in a better profit.

if we tell ourselves the truth, a lot of people no really de realistic with the concept of long term investment and how profitable the thing really be. if we assume say in the next 10 years, say bitcoin go fit get to $500k, if you decide to de intentional about your bitcoin investment to that point and buy enough bitcoin at these prices when never even touch down on $100k, you know say e de had to invest in any other thing within that short range of time and see that kind of profit? taking profit at anytime you feel okay with is not a bad thing but the truth be say if you de buy bitcoin based on real profitability intention at heart, then doing so for the long term na him normally make sense pass.

Iamcrypticguy

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Navigating the Crypto world & Holding BGB Along..

Quote from: Nwada001 on November 29, 2024, 05:22:36 PM

I also keep telling people that bitcoin is not something that's meant to be held forever; if I need to decorate my place, I will go get some statues or flowers or something whose main use and purpose is for decoration.

Having so much belief in bitcoin is not bad, but holding it not for ever as if it's a magnet in your wallet is not a wise thing to do. No doubt long-term holding pays, but all profit can't be the person's own.

There will always be a worst time in the market. The best thing is to take profit when you can enter back the market when you can and don't make your judgement based on what others have profited or lost.

BTC is a digital currency that needed to be traded. Most people hold blindly, I'll suggest you HODL smartly and sell when you're profitable. I believe that's why we're all trading right? Profitability

Charles-Tim

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Quote from: Josefjix on November 29, 2024, 06:02:58 PM

If everyone agrees to hold and not sell their Bitcoin how's the Bitcoin network going to function? Selling your Bitcoin is another way of helping the network by providing liquidity on exchanges

We have further the discussion than that. Did you read this at all:

Quote from: Charles-Tim on November 29, 2024, 02:54:39 PM

Quote from: Obim34 on November 29, 2024, 02:46:14 PM

Just a few percentage of investors are building that initiative of passing their Bitcoin portfolio as an inheritance but even if it is what it is, the end usage of those assets still ends up to selling and taking profits.

Typically the market can't go without the buy and sell. I would likely want to sell my investment some day after my holdings and no confrontations as to why i did so or will i even if the price later increases, i do not mind nor put nobody (not even myself) to blame, i should be satisfied with how much profits i made on my own holdings.

You still do not understand. Example is this: Don't be like greg

Just to show the worth of bitcoin and nothing more. There is no way that people will not sell bitcoin. Some people are scalpers that buy and sell bitcoin with minutes. Some people are day traders while some are swing traders. Some people are short term investors while some people are long term investors. Some people can sell some of their bitcoin holdings and hold some for life. That is how people are and people know that. People have different strategies.

Also selling bitcoin is not about helping the bitcoin network. That should be another thread entirely as bitcoin network is not related to this. Also it is normal to buy and sell a valuable asset.

Josefjix

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yes

Quote from: Charles-Tim on November 29, 2024, 02:11:09 PM

Quote from: Obim34 on November 29, 2024, 01:12:28 PM

Make your investments, Hold then sell when in need and when you completely exhaust your budget and when you do so, nobody is to be blamed, it is the final stage of investment.

What do you mean about it is the final stage of investment?

The reason some people post not to sell is to show how holding in long term can be profitable, indicating that bitcoin is an appreciative asset in long term which people can let their children inherit.

If everyone agrees to hold and not sell their Bitcoin how's the Bitcoin network going to function? Selling your Bitcoin is another way of helping the network by providing liquidity on exchanges

nelson4lov

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🌀 Cosmic Casino

There is one phrase that resonated with the Crypto Twitter (CT) community a few years ago and that's the "Sell and don't look back" phrase. It simply means whenever you sell a token, you do so without any future regrets if the token eventually appreciates in the future because these things happen but you'll save yourself a lot of emotional pain if you adopt that kind of mindset.

Things to keep in mind as we move further into this bull cycle:

1. If satisfied with profits gained, sell and never look back.

2. Don't hang on to missed opportunities for too long. There would always be more opportunities.

3. It's almost impossible to time top and bottoms. Even the best traders have a hard time doing that — no perfect timing.

4. There's always money to be made. You just have to be there.

Nwada001

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Activity: 798

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I also keep telling people that bitcoin is not something that's meant to be held forever; if I need to decorate my place, I will go get some statues or flowers or something whose main use and purpose is for decoration.

Having so much belief in bitcoin is not bad, but holding it not for ever as if it's a magnet in your wallet is not a wise thing to do. No doubt long-term holding pays, but all profit can't be the person's own.

There will always be a worst time in the market. The best thing is to take profit when you can enter back the market when you can and don't make your judgement based on what others have profited or lost.

EL MOHA

sr. member

Activity: 644

Merit: 298

Quote from: uchegod-21 on November 29, 2024, 02:45:31 PM

Na Oyibo people understand this bitcoin pass. For that point wey you think say the price don rise well well, and you need to cash out, you go see microstrategy buy more. No time actually bad to buy and no time actually bad to sell if only you go still re-buy. In the end, na individual different styles matter.

If you make good profits, sell and don't wait to blame yourself when price go up again. What if the price comes fall from there. Just do the one wey satisfy your conscience.

There is actually a bad time to sell and the time is selling at loss, but i definitely get your point and it is something i also like to advice people on, as long as you have sold yet all the profits you have or hold is actually just an unrealized profit as such there is nothing wrong to actually take profits and sort out real life troubles if there is a problem to be solved, although only diamond hands (long term holders ) in bitcoin are those which the bitcoin price favored

But for Altcoins holdings which we all know people regret selling early when they later pump I will say do not refer it as long as your were able get from its. A profit taken is better than any amount of unrealized profit, if you’re holding Altcoins most especially very volatile ones the best strategy is to take out capital and some profits later and if it keeps pumping, take profits at intervals and then leave a moonbag later

Charles-Tim

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Leading Crypto Sports Betting & Casino Platform

Quote from: Obim34 on November 29, 2024, 02:46:14 PM

Just a few percentage of investors are building that initiative of passing their Bitcoin portfolio as an inheritance but even if it is what it is, the end usage of those assets still ends up to selling and taking profits.

Typically the market can't go without the buy and sell. I would likely want to sell my investment some day after my holdings and no confrontations as to why i did so or will i even if the price later increases, i do not mind nor put nobody (not even myself) to blame, i should be satisfied with how much profits i made on my own holdings.

You still do not understand. Example is this: Don't be like greg

Just to show the worth of bitcoin and nothing more. There is no way that people will not sell bitcoin. Some people are scalpers that buy and sell bitcoin with minutes. Some people are day traders while some are swing traders. Some people are short term investors while some people are long term investors. Some people can sell some of their bitcoin holdings and hold some for life. That is how people are and people know that. People have different strategies.

Obim34

sr. member

Activity: 224

Merit: 195

Quote from: Charles-Tim on November 29, 2024, 02:11:09 PM

Quote from: Obim34 on November 29, 2024, 01:12:28 PM

Make your investments, Hold then sell when in need and when you completely exhaust your budget and when you do so, nobody is to be blamed, it is the final stage of investment.

What do you mean about it is the final stage of investment?

The reason some people post not to sell is to show how holding in long term can be profitable, indicating that bitcoin is an appreciative asset in long term which people can let their children inherit.

Just a few percentage of investors are building that initiative of passing their Bitcoin portfolio as an inheritance but even if it is what it is, the end usage of those assets still ends up to selling and taking profits.

Typically the market can't go without the buy and sell. I would likely want to sell my investment some day after my holdings and no confrontations as to why i did so or will i even if the price later increases, i do not mind nor put nobody (not even myself) to blame, i should be satisfied with how much profits i made on my own holdings.

uchegod-21

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BTC, a coin of today and tomorrow.

Quote from: Marykeller on November 29, 2024, 01:42:09 PM

I keep telling people wey care to know, that Bitcoin investment na per head wey em be. Your profits and losses are on you, not on anyone else. You can sell your Bitcoin at any time wey you feel like without anyone's permission or explanation on why you are doing that because any decision you make, na you go live up with that. It's better to take up a decision that will be favorable to you, so that you no go later blame yourself of why you no sell your Bitcoin to sort out your problems.

Na Oyibo people understand this bitcoin pass. For that point wey you think say the price don rise well well, and you need to cash out, you go see microstrategy buy more. No time actually bad to buy and no time actually bad to sell if only you go still re-buy. In the end, na individual different styles matter.

If you make good profits, sell and don't wait to blame yourself when price go up again. What if the price comes fall from there. Just do the one wey satisfy your conscience.

Felicity_Tide

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Activity: 266

Merit: 180

cout << "Bitcoin";

I think the problem is actually been truthful. I also come across some threads that talks about investment and hodl, but only few discuss anything relating to selling. The truth is, everyone can not be the same. There are some people that can definitely invest and hold for a very long period of time, and maybe without any consideration to sell, while there are others that can't do the same.

Long term investment is very profitable, but can everyone do so without selling? I don't think so. At some point, people will definitely sell, while others will buy. That's how the market ought to work, though it's all depends on what hodlers wants to do with their holdings.

Charles-Tim

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Leading Crypto Sports Betting & Casino Platform

Quote from: Obim34 on November 29, 2024, 01:12:28 PM

Make your investments, Hold then sell when in need and when you completely exhaust your budget and when you do so, nobody is to be blamed, it is the final stage of investment.

What do you mean about it is the final stage of investment?

The reason some people post not to sell is to show how holding in long term can be profitable, indicating that bitcoin is an appreciative asset in long term which people can let their children inherit.

Marykeller

hero member

Activity: 1064

Merit: 501

I keep telling people wey care to know, that Bitcoin investment na per head wey em be. Your profits and losses are on you, not on anyone else. You can sell your Bitcoin at any time wey you feel like without anyone's permission or explanation on why you are doing that because any decision you make, na you go live up with that. It's better to take up a decision that will be favorable to you, so that you no go later blame yourself of why you no sell your Bitcoin to sort out your problems.

Obim34

sr. member

Activity: 224

Merit: 195

This topic is based on so many replies and topics as observed in the forum since the past days we began experiencing this massive price increase. Several topics concerning profits, selling too soon and many more which are being raised and sincerely i don't know the worth of those discussions.

I just want to make something clear, no matter how long we decide to hold our investment, in as much we can not hold forever that means we cannot possibly take all profits from the market, the mindset of we selling our investment then going back to compare with what we sold and per the current price shouldn't be raised at most. Our initiative of investing is to hold and sell for later profits, we only talk about holding longer in other to maximize our profits but then we should not also hold back from selling or criticize ourselves for selling at any point. Make your investments, Hold then sell when in need and when you completely exhaust your budget and when you do so, nobody is to be blamed, it is the final stage of investment.

Topic: Non to be blamed, Invest>Hold & Sell (Read 397 times)