Shall We Hold Our Bitcoin Like Gollum? - page 3.

Kasabus

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Quote from: Rengga Jati on September 11, 2021, 03:40:37 PM

Quote from: tulpash on September 08, 2021, 09:17:19 AM

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.

Even I am a holder, I will take certain times to sell my Bitcoin (at least some) to take profits.
Actually, being consistent to have more and more Bitcoin for investment is interesting. However, at least, taking profits is also important, at least for me personally.
And every time that we have the moment to buy again the coin, we can buy it and make it as an investment again.

It's not that we are only here to keep hodling our coins and continue seeing its price continue to grow. Our main goal which is to make profits and enjoy it should not be put in our last option. Atleast once in a while we were able to enjoy the profits that we have been working for so long. And once its done, then maybe re invest again for future profits.

I know that most of us have been so greedy in hodling our coins longer for better prices but don't tell me if emergency case suddenly arise, won't you sell some of them? The choice may still vary at some point at a time.

Rengga Jati

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Quote from: tulpash on September 08, 2021, 09:17:19 AM

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.

Even I am a holder, I will take certain times to sell my Bitcoin (at least some) to take profits.
Actually, being consistent to have more and more Bitcoin for investment is interesting. However, at least, taking profits is also important, at least for me personally.
And every time that we have the moment to buy again the coin, we can buy it and make it as an investment again.

passwordnow

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We will. We're only waiting for the possible highest price that it can make. Someone is aiming for $100k until he sell and gets out of the market, some are for $500k-$1M.
It's all about how much you project bitcoin in the future but we can sell as much as we can. But we're about to stay even if we sold for the retirement since I've seen a lot of folks were saying that.

Slow death

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This is a subject I've seen people discuss for years and honestly the answer I find is that many people who do hold don't seem to ever want to sell, it seems like they're people who have bitcoin just to hodl and die without using it. it's a strange way of thinking since bitcoin Is money. I can't understand this way of thinking of doing eternal hodl. what's the point of hodl it and the person dying without using coins they've hodl for years? I can not understand this. in my case I sell whenever I make a profit and use bitcoin to buy things in the real world

OgNasty

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I’ve never watched Lord of the Rings, but this Gollum guy sounds like the typical late to the party maximalist. Guessing their appearance isn’t too far apart either. Just remember, don’t use your Bitcoin for anything. Hold it until some other newcomer will pay you more money for it. That’s totally not a Ponzi scheme and will change the world. Don’t question it.

stomachgrowls

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Quote from: tulpash on September 08, 2021, 09:17:19 AM

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.

Demand is something that cant really be controlled since value would really matter on where you do engage on and doesnt matter if its crypto or not then it would surely counts.

HOlding isnt bad but as n investor then you should really be setting some targets or goals on when you do secure your profits although there are indeed people who do really
hold that much no matter what the condition is.

Hold if you do still trust on after a decade or actively making out some sell to secure profits which isnt really a bad idea at all.
Its a personal choice to make though.

Assface16678

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Quote from: LFC_Bitcoin on September 08, 2021, 09:58:51 AM

Obviously it’s nice to take some profits at times. I’ve been HODLING since 2014 & sold hardly anything. I will make bigger sells in Q4 though as I expect more ath’s towards the end of 2021. Never sell your whole stash though, bitcoin is going to gain more & more mainstream adoption as the years pass. We will probably see $1,000,000 per coin in the next 20 years.

Yes this is good, specially if you need the profit. The idea of not selling all of you stash and just selling what you think is right is a good move of profiting while holding. Hoping to see the 1m$ in the next 20 years.

Woodie

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Quote from: tulpash on September 08, 2021, 09:17:19 AM

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.

If we are holding on to our bitcoins for a long time does that mean someone with a bigger sack is taking advantage and selling or taking their profits when price goes up at the expense of its hodlers?? I doubt it, people keep practicing the buy low and sell high concept over and over and I can tell you it's much more profitable than being a hodler as you can take profits on several occasions. And I think we have more hodlers today than we had back in the day because the volatility seems to have lowered down.

zanezane

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Much better if you're not just hodling but you're also finding other means to make money and at the same time make more investments. Hodling alone won't get you nowhere so better if other streams of income is found to sustain you and help you not sell your bitcoin prematurely.

Rokon5

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This subject will depending his own opinion. Every investor should knowledge about trading.When will come a scope then we need some Bitcoin and hold them for long time.There are already many people who hold Bitcoin, I am sure that they have been achieved profit from here.

Mikayla Buckley

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Everyone can hold Bitcoin. The unit of Bitcoin is small. Even if your investment is only a small amount each time, the accumulation will become a lot.
Bitcoin will not sell out. He will continue to buy and sell. The value will get higher and higher. Bitcoin is also legalized in many countries and can be paid or invested.

Marvell1

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I will convert my bitcoins or altcoins to local currency when I really need money or something. Gollum sacrificed his life to hold the ring and then he also vanished with the ring. Bitcoin is also a currency, an investment channel that ensures daily life, so I will sell when necessary and will continue to accumulate BTC when I can.

swiftxi

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Ararbermas

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Quote from: tulpash on September 08, 2021, 09:17:19 AM

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.

it's a normal scenario that there are still some people who can caused bitcoin to drop but the reason is to take profits and to avoid the crash mate, wherein not a big deal that we need to leave immediately because it will gonna die very soon, nope!. Bitcoin will last and i believe that as long as there are still more people and big investors who always sees bitcoin is more valuable and important when the price is at the very dip level.. Indeed that's the reason why bitcoin still alive nowadays, so it's impossible we will gonna lose bitcoin in the future.

Natalim

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Quote from: Rajamuda on September 09, 2021, 09:59:08 PM

There are already many people who hold Bitcoin, especially in terms of investment, they have their own investment targets, the most highlighted is the long term. It doesn't always cause the Bitcoin price to fall sharply, because the popularity of Bitcoin is increasing when the Bitcoin price is down... there will always be someone doing a new entry. Someone sells and someone else buys, it will continue like that. The people holding Bitcoin out there won't stop until the future, because we know Bitcoin becoming more looks recognized around the world.

Just never sell your bitcoins all at once and it will make your future becomes secured. I think holding your bitcoin after you started selling some of them for profits will always be a perfect move because bitcoin should not only be as an investment but it should be more of as a currency. Spend your profits as much as you want. After all, you decide for your own because that's what bitcoin is all about, freedom.

I am currently holding bitcoin in my portfolio and i think it will be more valuable as the years pass so probably i will hold it as much as i want and maybe sell it in the future when i want it too.

swiftxi

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Better Gollum then Sauron Grin

Nunoluck

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In my point of view there is no correlation between bitcoin holding and the recent bitcoin price fall. It is pure because of traders activities. The number of bitcoin users are not fixed, it is still growing. I think even there are some whales decide to take profit now then it is not a big problem because more people come to buy bitcoin. Holding bitcoin is good thing and use some of it as currency is better. Everyone has their own freedom to choose whether will hold it or use it. Actually for contrarian investors, when bitcoin price fall then it is a good time to buy. I am a contrarian investor and I already get a good position ( bought btc ) during last bearish market, I still have spare fund, if bitcoin price keep fall deeply then I will buy more. Now I will hold until certain btc price level based on my own strategy and calculation.

Rajamuda

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There are already many people who hold Bitcoin, especially in terms of investment, they have their own investment targets, the most highlighted is the long term. It doesn't always cause the Bitcoin price to fall sharply, because the popularity of Bitcoin is increasing when the Bitcoin price is down... there will always be someone doing a new entry. Someone sells and someone else buys, it will continue like that. The people holding Bitcoin out there won't stop until the future, because we know Bitcoin becoming more looks recognized around the world.

UserU

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Quote from: Kelvinid on September 09, 2021, 05:44:58 PM

I just hold during the bear season and sell some when the market is about to recover. Having Bitcoin for me is focus on investing, not a commodity(for now).

Yeah, it found irrelevant thinking about to hold forever. I didn't found a good reason for that, well, many holders got rewarded this year but if they will never sell them, that is still nothing. If ever I hold it now, that probably someday I sold it. It comes to a real investing thing and to buy and sell is somewhat it really happens to me.

The opportunistic ones would keep their holdings in custodial wallets so they enjoy interests + price appreciation over sole price appreciation.

Tim-BTC

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In the past two years, I have invested in bitcoin. Now I need to sell a little bitcoin every month to pay for the loan. I think tomorrow will be a bear market. I plan to sell half of it before next year to ensure that my loan in the next year can be repaid on time and the rest can be held for a long time.

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