Topic: Shall We Hold Our Bitcoin Like Gollum? (Read 625 times)
It is a good way to keep holding when Bitcoin is falling. If you invest in Bitcoin, you can also sell some after the price rises. Make some investment portfolios. I personally think that using Bitcoin to pay is a waste now. I will hold Bitcoin, wait until the price is stable and there is no fluctuation, and then use Bitcoin as a currency to pay.
If I needed to sell bitcoin or spend it, I would. What I am doing is hodl for as long as necessary because I think that with that I could contribute as large investors do so that the price of bitcoin does not fall too much. It is my point of view maybe this wrong but I do it for that reason and also because I am investing it in the long term.
What I could recommend if someone feels the need to spend a bit of their bitcoin can do it, is what I did a while ago.
What I could recommend if someone feels the need to spend a bit of their bitcoin can do it, is what I did a while ago.
I also learn from failure. When the profit reaches 20%, I will withdraw the profit. If I lose 20%, I'll sell. Sometimes it's hard to do. When I sold, I would complain that I could have made more. This is wrong.
When you lose 20%, it is better to hold and not sell it for that price because losing 20% will be big for you. Perhaps, if the price is down 10%, you can sell bitcoin and buy back at a low price. But we know if the price will still go down or it will be back to the high price. And if you think that selling at losing 20% is the best thing you can do, you can do that. But you need to think twice before you sell at a loss. So hold bitcoin like Gollum will be the best thing that we can do in the bear run.This really depends on the financial situation of the holder. It is true, some of us really do need our crypto to be converted to fiat for personal expenses. But for some, who can hold without worrying their funds, because they can afford, those can be long time holders. But if you want to get profit from your investments, there's nothing wrong cashing out when you are in positive profit. We can't tell others to hold if they have other concerns to attend to. So this one is a very subjective matter.
I also learn from failure. When the profit reaches 20%, I will withdraw the profit. If I lose 20%, I'll sell. Sometimes it's hard to do. When I sold, I would complain that I could have made more. This is wrong.
When you lose 20%, it is better to hold and not sell it for that price because losing 20% will be big for you. Perhaps, if the price is down 10%, you can sell bitcoin and buy back at a low price. But we know if the price will still go down or it will be back to the high price. And if you think that selling at losing 20% is the best thing you can do, you can do that. But you need to think twice before you sell at a loss. So hold bitcoin like Gollum will be the best thing that we can do in the bear run.I also learn from failure. When the profit reaches 20%, I will withdraw the profit. If I lose 20%, I'll sell. Sometimes it's hard to do. When I sold, I would complain that I could have made more. This is wrong.
This is good that you are learning from your failure because we all need to be some better after mistakes and failures, but you need to rethink about your strategy because if you want to have some good in this crypto market or in trading then surely try to change strategy time by time and work with patients because it's very important in this field without this you can lose your all funds.First you need to decide what your goal for this because without this you are not able to do any good thing and selling after 20% lose is also very bad because with this attitude you will be completely bankrupt just check all analysis and then put your funds for some long time which will help you to have some good profit.
I also learn from failure. When the profit reaches 20%, I will withdraw the profit. If I lose 20%, I'll sell. Sometimes it's hard to do. When I sold, I would complain that I could have made more. This is wrong.
When you lose 20%, it is better to hold and not sell it for that price because losing 20% will be big for you. Perhaps, if the price is down 10%, you can sell bitcoin and buy back at a low price. But we know if the price will still go down or it will be back to the high price. And if you think that selling at losing 20% is the best thing you can do, you can do that. But you need to think twice before you sell at a loss. So hold bitcoin like Gollum will be the best thing that we can do in the bear run.
I also learn from failure. When the profit reaches 20%, I will withdraw the profit. If I lose 20%, I'll sell. Sometimes it's hard to do. When I sold, I would complain that I could have made more. This is wrong.
I will prefer to sell my Bitcoins step by step. And buy again and sell again in higher price. Actually I am not a long term hodler, so it doesn't matter if I want to sell my BTC. But for the long holder, I also believe that they have their own target to reach. I am sure that the target where they want to sell will be the multiple times of the price when they bought. Welll, it is about money although in form of BTC
A must thing rather than on waiting up for a long time before you would really make out some sell.Well, there are people whom do really hold like forever but there are lots of factors that could really affectyour holding like sudden negative news or market crash which it is really hard to resist for you not to panic.Its up to our own choice though because each of us does have different
preference towards their investments.Its our money then its our action to make as long you do make profits then stick with it.
I will prefer to sell my Bitcoins step by step. And buy again and sell again in higher price. Actually I am not a long term hodler, so it doesn't matter if I want to sell my BTC. But for the long holder, I also believe that they have their own target to reach. I am sure that the target where they want to sell will be the multiple times of the price when they bought. Welll, it is about money although in form of BTC
You can't hold it forever. You should take some profit during the good times, convert some of it to fiat wait for a big dip. In this way you can double your holding. If i had enough i would have sold 20-30% of my holing in every pump and wait for the bears to take over the market.
well it solely depends on you, you can either hold it for a super long time or you can take profit everytime the price goes up, it solely depends on you holding bitcoin for a long time means that you have an investment for the future while holding bitcoin for short time and taking profit everytime the price goes up means you like to have money fast
In start, I was mostly used this as just for my funds transfers and like currently but as year by year its price going high I feel very good, and then I start to accumulate this as my investment and saving which works for me very good because now my initial investment already more than treble and still going up I am still investing when I feel current price is good for investment because now I have some good confidence.I have few friends now they all involve in this, but they mostly keep doing buy low and sell high which is working for them because they feel good, and they can manage this, so it's also better if someone not interested in long term holding.
well it solely depends on you, you can either hold it for a super long time or you can take profit everytime the price goes up, it solely depends on you holding bitcoin for a long time means that you have an investment for the future while holding bitcoin for short time and taking profit everytime the price goes up means you like to have money fast
Hold and sell depends on each person's finances. Many will sell if they get enough profit they want. We are all human and our time is limited, so selling is something we will do when the time is right. I also believe it must happen.
all also depends on the plans made by the holder. because there are investors who do have long-term plans that have become their determination. but some are targeting a certain price for them to release their bitcoins.which in essence, profit is the result that every bitcoin holder wants to achieve. either in the short term or the long term.
Hold and sell depends on each person's finances. Many will sell if they get enough profit they want. We are all human and our time is limited, so selling is something we will do when the time is right. I also believe it must happen.
You will have a control over your own assets. When they reach their inner price, they will be sold at a profit.
I generally hold Bitcoin all the time, and I believe in the value of Bitcoin. I have made a lot of profits.
And I will sell altcoins and some memetic coins for profit.
Everyone has their own combination in their hearts. Some people like to take risks, and some like to hold them securely and earn profits.
I generally hold Bitcoin all the time, and I believe in the value of Bitcoin. I have made a lot of profits.
And I will sell altcoins and some memetic coins for profit.
Everyone has their own combination in their hearts. Some people like to take risks, and some like to hold them securely and earn profits.
Many of us are hoarding more Bitcoins over time. That is also the reason why Bitcoin dropped sharply on exchanges
transactions in the past few years.
Will we sell out of Bitcoin one day? Like how the ring was thrown into volcanic lava.
transactions in the past few years.
Will we sell out of Bitcoin one day? Like how the ring was thrown into volcanic lava.
Personally, I think it's okay to either sell or hold our assets. Of course, we have different priorities and needs in life, so there's no general rule and there's no point in dictating someone whether to sell or hold. Though it's really suggested to still leave a portion of your funds in bitcoin to avoid regret later on and to generate profit over time once again when it hits a high position. IMO, you can still enjoy the fruits of your labor and patience today without robbing your future. We can take some of our profits every now and then, then invest again when the bearish market approaches and take profit again when bull season enters. It's a cycle you shouldn't fear making because after all, we deserve to spoil ourselves after some time. But as for me, I practice delayed gratification to reward myself. I also withdraw some when I need it to and I don't really feel bad about it because I have to fulfill my responsibilities and address my necessities in life.
I think Bitcoin should be held. Because as long as I've been working, I can see that Bitcoin is growing.Those who bought and held Bitcoin a long time ago now have a lot of profit. So I would say hold on to your bitcoin as far as you can if you can. Many are thinking that this is the end of 2021The price of bitcoin will exceed one lakh dollars. But I think it may be possible soon. So if you want you can buy and invest Bitcoin now.
When it comes to potential then theres no doubt about bitcoin but everything isnt unsure yet which means risk is always there this is why only invest on the amount you can afford to lose and wont really be going allin just like into those other dumb people doing so which it is really something risky for you to deal with without any ideas.Being a holder might be easy as you do speak
but when you are on the actual situation then there are lots of things that will affect your decision towards your coins not only limited to btc itself but on others as well.
Hold when you do saw some potential and sell out if you do see some opportunity and dont go all in for long time.
Many of us are hoarding more Bitcoins over time. That is also the reason why Bitcoin dropped sharply on exchanges
transactions in the past few years.
Will we sell out of Bitcoin one day? Like how the ring was thrown into volcanic lava.
Not really, the reason a lot of people are holding bitcoin is because they are waiting for the day in which they can use it freely in a way similar to what it is happening at El Salvador, they are not planning to sell their bitcoins for profit they are planning to hold their bitcoin until the day they can use it freely as any other currency around the world, once that happens then I'm pretty sure that a lot of people are going to begin to use their bitcoin and they are not going to be worried about holding it anymore.transactions in the past few years.
Will we sell out of Bitcoin one day? Like how the ring was thrown into volcanic lava.
I know some think about Bitcoin and consider this thing as the future currency but most or I think the majority had held their Bitcoin for the sake that they can double their money (or more) in the future like what they do upon waiting for the next ATH. There is no wrong with holding but we should also be aware of the consequences of missing some best opportunities.
Anyway, in disregard to whatever the reason why they hold but what I've observed nowadays, the mindset of the people had definitely changed. I saw that many were in the hold status unlike before where many got into panic once seeing a market decline.
Many of us are hoarding more Bitcoins over time. That is also the reason why Bitcoin dropped sharply on exchanges
transactions in the past few years.
Will we sell out of Bitcoin one day? Like how the ring was thrown into volcanic lava.
What do you think people will be doing holding the coins till eternity. At some point everyone will be booking their profit when the price reaches their intended target. I am not going to hold as well, i already booked my profit a long back and the rest of the profit i do consider it as a bonus. Lets say even you have a target where you want to book your profit as you are not going to hold, be it hundred thousand or a million, even you will be selling the coins transactions in the past few years.
Will we sell out of Bitcoin one day? Like how the ring was thrown into volcanic lava.
. Many of us are hoarding more Bitcoins over time. That is also the reason why Bitcoin dropped sharply on exchanges
transactions in the past few years.
Will we sell out of Bitcoin one day? Like how the ring was thrown into volcanic lava.
Not really, the reason a lot of people are holding bitcoin is because they are waiting for the day in which they can use it freely in a way similar to what it is happening at El Salvador, they are not planning to sell their bitcoins for profit they are planning to hold their bitcoin until the day they can use it freely as any other currency around the world, once that happens then I'm pretty sure that a lot of people are going to begin to use their bitcoin and they are not going to be worried about holding it anymore. transactions in the past few years.
Will we sell out of Bitcoin one day? Like how the ring was thrown into volcanic lava.
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