Topic: Shall We Hold Our Bitcoin Like Gollum? (Read 617 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.
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.
isnt that a good thing ? it will be more scarce and the value of btc will increase and when it increases it will give people a reason to sell .
im not familiar on the ring movie but if we are a bitcoin holder , we must hold our btc securely because its value is growing and when the time comes that were going to sell it , we dont rush and thinking of selling it all but we likely keep some for the future .
Can't rely on everyone's opinion here but only to a few, you can't hodl on forever and I honestly think that taking profit from what you hodl is fine, you don't have to start hodling like Gollum, it's unnecessary, well, unless you can actually hodl without having any kind of financial problem, then you can hodl like Gollum. 
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.
It's actually a good move to hold BTC knowing it would be big in the future but there's nothing wrong about taking profit sometimes especially if you're an experienced trader. You could sell your BTC at a high price and buyback when the price of BTC dips and do the same thing until the number of your BTC increases
It's pointless to sell BTC now if you don't need it for some emergency. But i don't like this comparsion. Most of us know what and why are we doing this and will sell BTC when there is right moment.
You can't be holding Bitcoin like the said Gollum who had precious ring he had kept to himself and never wanted anybody to get hold it. Maybe you should never dare holding Bitcoin like Gollum because the market is unpredictable which will be nice to always take profits whenever you think it's the right time. The market keeps on falling and rising without we knowing the next move it's gonna take...or do anyone knows? Hold wisely mates!
The reason for this is quite reasonable, and the plan may not keep up with the changes.
You can set your own income goals and choose to sell when you reach them. The profits you get can take your family to enjoy life, but it takes time and patience to achieve satisfactory income.
As long as you wait patiently and not be manipulated by emotions, the future of Bitcoin will not disappoint people.
You can set your own income goals and choose to sell when you reach them. The profits you get can take your family to enjoy life, but it takes time and patience to achieve satisfactory income.
As long as you wait patiently and not be manipulated by emotions, the future of Bitcoin will not disappoint people.
The ideal scenario would be for people to hoard about 20% of all the bitcoins they buy and then to use 80% of the bitcoins to pay for everyday things like groceries, gas and utilities.
This is obviously not the case at the moment, because merchant adoption is still slow and most governments has not allowed Bitcoin to be legal tender. (So governments are putting the brakes on Bitcoin adoption as a payment option)
So the best alternative now, will be to find as many merchants and retailers that accept Bitcoin as a payment method and to support them.... and then hoard whatever is left.
This is obviously not the case at the moment, because merchant adoption is still slow and most governments has not allowed Bitcoin to be legal tender. (So governments are putting the brakes on Bitcoin adoption as a payment option)
So the best alternative now, will be to find as many merchants and retailers that accept Bitcoin as a payment method and to support them.... and then hoard whatever is left.
The correct choice is definitely to hold bitcoins for a long time. If you want to get a very substantial profit, you must insist on holding bitcoins for a long time, but you must do your best to buy bitcoins. Don't put too much pressure on yourself, otherwise your own reasons It will force you to sell Bitcoin to relieve the current pressure, make a plan for yourself, and choose to sell when you reach your point of profitability.
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.
people aren't going to keep hoarding bitcoins for long. they keep selling a little of their asset, and when the price drops they buy. so people will not hoard long term. they will still sell it trust me transactions in the past few years.
Will we sell out of Bitcoin one day? Like how the ring was thrown into volcanic lava.
You know we have our own way of thinking. Some people might prefer to hold for long period, some are taking profit at times while continue holding and some are using it as currency for their own convenience.
So as you can see it depends on what we prefer to do to our bitcoin. We cant coerce anyone to hold, buy or sell because its our own decision and no one can dictate us on what to do.
Just do what you think is right and more beneficial for you.
So as you can see it depends on what we prefer to do to our bitcoin. We cant coerce anyone to hold, buy or sell because its our own decision and no one can dictate us on what to do.
Just do what you think is right and more beneficial for you.
Bitcoin is the best investment I think is currently the best investment, and it is also a considerable return in my opinion.
Although Bitcoin is volatile, it is normal. Don't panic and make the wrong choice. Then according to your financial ability, you can choose to continue buying.
Although Bitcoin is volatile, it is normal. Don't panic and make the wrong choice. Then according to your financial ability, you can choose to continue buying.
It is your choice to sell or to hold like gollum. If you release your coins to market today, you will not regret it because the price of bitcoin is still good to make a good profit.
Since the price of bitcoin is not too stable yet, it is advisable to users to sell and make more Profit before the price of bitcoin decrease to $30k soon. It is better you sell and make something from your investment than to hold it long and lose more Profit.
Since the price of bitcoin is not too stable yet, it is advisable to users to sell and make more Profit before the price of bitcoin decrease to $30k soon. It is better you sell and make something from your investment than to hold it long and lose more Profit.
But every decision that we will made, never do all in in every trade because the price of bitcoin or most of cryptocurrency is unpredictable.
Just do it like 5% 5% in every decision we made for selling or for buying just in case to secure our assets from losing too much.
Planning for long time holding is also good and keep focus on buying more when the market is like current condition but it only works if we are planning to hold for more than 4 years.
I dont think that this will be quick move like that. The cycle of buying and selling will keep going forever the way it happens today and was happening yesterday. Lets not forget we have all the time in the world to mine more and more bitcoin since network difficulty is growing day by day which will keep minting more bitcoin over time. This will also drive the prices to next level and thus peeps will keep selling the bitcoin that they are holding so that they can book the profits.
When they sell, somebody will be buying it from them and that would be the first day for that person to hold and then onwards he will keep holding. This, now imagine on huge scale throughout the world, every second! Its big cycle and it won't be altogether sell.
Remember:
If you are selling, then someone is buying it.
When they sell, somebody will be buying it from them and that would be the first day for that person to hold and then onwards he will keep holding. This, now imagine on huge scale throughout the world, every second! Its big cycle and it won't be altogether sell.
Remember:
If you are selling, then someone is buying it.
It is your choice to sell or to hold like gollum. If you release your coins to market today, you will not regret it because the price of bitcoin is still good to make a good profit.
Since the price of bitcoin is not too stable yet, it is advisable to users to sell and make more Profit before the price of bitcoin decrease to $30k soon. It is better you sell and make something from your investment than to hold it long and lose more Profit.
Since the price of bitcoin is not too stable yet, it is advisable to users to sell and make more Profit before the price of bitcoin decrease to $30k soon. It is better you sell and make something from your investment than to hold it long and lose more Profit.
But every decision that we will made, never do all in in every trade because the price of bitcoin or most of cryptocurrency is unpredictable.
Just do it like 5% 5% in every decision we made for selling or for buying just in case to secure our assets from losing too much.
Planning for long time holding is also good and keep focus on buying more when the market is like current condition but it only works if we are planning to hold for more than 4 years.
It is your choice to sell or to hold like gollum. If you release your coins to market today, you will not regret it because the price of bitcoin is still good to make a good profit.
Since the price of bitcoin is not too stable yet, it is advisable to users to sell and make more Profit before the price of bitcoin decrease to $30k soon. It is better you sell and make something from your investment than to hold it long and lose more Profit.
Since the price of bitcoin is not too stable yet, it is advisable to users to sell and make more Profit before the price of bitcoin decrease to $30k soon. It is better you sell and make something from your investment than to hold it long and lose more Profit.
I love your idea. The Ring and Sauron are one.
In my opinion, Bitcoin users who prolly have a stable source of income in RL that can handle their needs and maybe even wants as well should not sell their coins, and even if they will, it should basically just be a fraction of it, not all. I mean, many fiat currencies are struggling with Inflation, so really, selling your Bitcoin for a devaluing currency when you don't actually need the money may be counterproductive in the long run.
Of course it's not possible to hodl forever, but tbh, in the future, if mainstream adoption becomes a reality with Bitcoin becoming a legal tender almost across the world, then users may then not even have to sell any of their coins, but just hodl as an investment and also use it comfortably as a currency. But having said that, in the Bitcoin network, control is with the users, thus do with your funds as you please.
Of course it's not possible to hodl forever, but tbh, in the future, if mainstream adoption becomes a reality with Bitcoin becoming a legal tender almost across the world, then users may then not even have to sell any of their coins, but just hodl as an investment and also use it comfortably as a currency. But having said that, in the Bitcoin network, control is with the users, thus do with your funds as you please.
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.
If its not really needed for us to sell then we would simply just hold it but if there are instances on where we do need to sell for some other personal purpose then its not bad to sell it off.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.
There are really instances or situations in life which we cant really avoid and its a situational thing.Holding like Gollum isnt bad as long you dont compromise something important like
health or emergencies because whats the use of money if you are totally disabled,dead,situations when its too late just because you do strictly hold.
We shouldn't hold our coins like Gollum. Because there will be no meaning in HODLing a coin then. HODLing doesn't mean that you will keep your coins forever. You should be able to sell your coins sooner or later. Maybe you can set a price goal or not, but it is important to sell at some point.
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. transactions in the past few years.
Will we sell out of Bitcoin one day? Like how the ring was thrown into volcanic lava.
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.
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.
I believe most people invest in Bitcoin to be able to make a profit, therefore if there is an opportunity to take profit, it should be done. Because
we should not hold Bitcoin forever, but hold Bitcoin until it reaches the target we want. So don't be too greedy when investing in Bitcoin, I even
if the price of Bitcoin pumps suddenly like when Bitcoin rises to the price of $ 52k, I sell the bitcoins that I own partially. So when the Bitcoin price
drops to what it is now to $45k, I can buy more Bitcoins. It's true that the longer we hold Bitcoin, the bigger the profit we generate, but it's good
to occasionally take profit. So in my opinion a healthy investment in Bitcoin, must know when to enter the market and when to leave the market,
not holding Bitcoin for as long as possible.
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. transactions in the past few years.
Will we sell out of Bitcoin one day? Like how the ring was thrown into volcanic lava.
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.
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.
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. transactions in the past few years.
Will we sell out of Bitcoin one day? Like how the ring was thrown into volcanic lava.
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.
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.
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.
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
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.
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.transactions in the past few years.
Will we sell out of Bitcoin one day? Like how the ring was thrown into volcanic lava.
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.
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.
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.transactions in the past few years.
Will we sell out of Bitcoin one day? Like how the ring was thrown into volcanic lava.
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.
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.
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.
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.
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.
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. transactions in the past few years.
Will we sell out of Bitcoin one day? Like how the ring was thrown into volcanic lava.
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.
Better Gollum then Sauron
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.
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.
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.
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.
For me, it's better if we were to utilize a way to move your bitcoin as an investment instead of just hodling them which doesn't grow in number but still the safest bet. There are ways to invest your bitcoin with bankroll investing as one of them that makes a decent profit although there are days where there are losses but in the long-term, the house always wins.
holding bitcoin is the right choice especially if we hold it for a very long time we will definitely get very big profits. I used to sell my bitcoins because of an urgent need but I didn't sell all the bitcoins I had. I still hold bitcoin and I will hold it until 2025 in order to get a bigger profit.
If you want to make a profit, it is better to hold Bitcoin, because the price of Bitcoin continues to rise, making Bitcoin demand also increase. The longer
we hold Bitcoin, the bigger the profit we should make. But we in holding Bitcoin must be flexible, meaning that if there is an urgent and important need,
it is not wrong to sell the Bitcoins that we have. And also let not greed dominate us, if the price of Bitcoin has gone up and the profit generated is
quite large, we must take profit. Don't put off selling Bitcoin for the reason that we want to make a much bigger profit. It just makes the opportunity
to make a profit lost.
As you can remember, the ring caused Smeagol to get worse and worse every day and he turned into a creature named Gollum.
It's true, he got worse day by day because he had a greedy obssession for the One Ring that eventually made him completely change his lifestyle, going away from his traditional routine to live exclusively to worship the ring in dark places. For that reason I think we shouldn't hold our Bitcoin like Sméagol, as we know what happens if we do and I believe no one would want to be on his shoes.It's important to always have in mind money or bitcoin is here to serve us and not the opposite. If adopters are able to keep a healthy relationship with their holdings and avoid repeating the example of Gollum they will thrive in their personal finances.
As you can remember, the ring caused Smeagol to get worse and worse every day and he turned into a creature named Gollum. So when it comes to Bitcoin, of course we will sell at least some of our coins at some point. The main logic of HODLing is to sell after keeping your coins for a long term. Maybe you can set a price goal earlier and sell when it is reached. Or you can hold your coins for some years and then sell them when you make a high profit.
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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.
transactions in the past few years.
This is one of the reasons.Many people got disappointed by the crypto exchange platforms,due to hacks,exit scams and high fees,so they left those platforms.
You don't need a crypto exchange platform,in order to keep your Bitcoins safe.I cold wallet is enough.
I used to be a fanatic HODLer before,but I realized that HODLing BTC just for the sake HODLing is pointless.
It's OK to sell a part of your BTC,when the market is heading towards a bear phase.
The centralized Crypto exchanges having less Bitcoins is actually a good thing.
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.
Some people would say that they will use Bitcoin as a currency, but from a perspective of Bitcoin as an appreciating asset, both selling or buying something is the same - you are liquidating it.
Everyone will do it sooner or later, unless they will die unexpectedly or will want to pass some coins to their heirs.
I personally have some goals of things I want to buy with my Bitcoin gains, but I also plan to hodl some for a long time as an life-long fund.
Everyone will do it sooner or later, unless they will die unexpectedly or will want to pass some coins to their heirs.
I personally have some goals of things I want to buy with my Bitcoin gains, but I also plan to hodl some for a long time as an life-long fund.
Quote
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.
transactions in the past few years.
This is one of the reasons.Many people got disappointed by the crypto exchange platforms,due to hacks,exit scams and high fees,so they left those platforms.
You don't need a crypto exchange platform,in order to keep your Bitcoins safe.I cold wallet is enough.
I used to be a fanatic HODLer before,but I realized that HODLing BTC just for the sake HODLing is pointless.
It's OK to sell a part of your BTC,when the market is heading towards a bear phase.
The centralized Crypto exchanges having less Bitcoins is actually a good thing.
- Is holding btc too long (HODL) a significant achievement?
You are similar to the guy above. A person who takes advantage of an opportunity to trade. I understand the feeling of taking money out of an investment and enjoying the profits. It's sweet and comforting. I know people who have thousands of Bitcoins. He lives a simple life, doesn't drink, doesn't smoke, has no romantic relationships with women, and lives on a monthly minimum of about $300. I really admire his mindset and regret the pleasures he doesn't enjoy.
- What does it mean that the price of bitcoin has reached 100k or 1m, while your expectations are not limited to those prices?
- What advantages of bitcoin do you feel so far when you never spend any or use it?
For many people, transaction costs are greater than cryptocurrencies that hold them back. They will convert to other altcoins and pay to reduce costs. That's pretty cool too. Sometimes a little transaction fee but doing it many times is enough to erode our wallet.[/list][/list][/list]
Will we sell out of Bitcoin one day?
Not all are holding anyway as that was their choice nor I should have to hold forever but something to enjoy while I could still use it to buy stuff.
Maybe you are right that if everyone will hold it makes the price of Bitcoin dump but this had never happened in real life because not all are holding. Buying and selling is the nature of this market, might these people buy now and possibly sell it by tomorrow, that can be happening depending on their decision and the reason why they are here in crypto.
Bitcoin is interesting because it is both a currency and can be an investment. I really like the way you act. If we considered Bitcoin as a commodity like any other, we would be mere profit seekers.
As long as I'm involved with bitcoin, I just want to enjoy the beauty and comfort of life as long as I'm involved with bitcoin while I still have it.
I mean I always take advantage of bitcoin's rise when it hits highs to sell some of the profits to buy or manifest what I want and facilitate the life I really need so I can have it, and most likely if I wasn't involved with bitcoin I wouldn't be can make it happen.
So I don't fully hold my holdings for long term because I want to really enjoy and feel the benefits for my happy life with my family it's all because of bitcoin.
I mean I always take advantage of bitcoin's rise when it hits highs to sell some of the profits to buy or manifest what I want and facilitate the life I really need so I can have it, and most likely if I wasn't involved with bitcoin I wouldn't be can make it happen.
So I don't fully hold my holdings for long term because I want to really enjoy and feel the benefits for my happy life with my family it's all because of bitcoin.
You are similar to the guy above. A person who takes advantage of an opportunity to trade. I understand the feeling of taking money out of an investment and enjoying the profits. It's sweet and comforting. I know people who have thousands of Bitcoins. He lives a simple life, doesn't drink, doesn't smoke, has no romantic relationships with women, and lives on a monthly minimum of about $300. I really admire his mindset and regret the pleasures he doesn't enjoy.
Bitcoin bullishness is in vogue and the momentum of the bitcoin market going to be what people hoard the most in the future. Companies are buying Bitcoin, even El Salvador has bought itself hundreds of Bitcoins.
Haha, maybe we're Gollum right now or Thorin drowning in a treasure trove of gold. I think they just hold their Bitcoins during an uptrend. They will have to sell off Bitcoin to buy it back at a lower price. I like this trading idea more than trying to hold Bitcoin for years.
Haha, maybe we're Gollum right now or Thorin drowning in a treasure trove of gold. I think they just hold their Bitcoins during an uptrend. They will have to sell off Bitcoin to buy it back at a lower price. I like this trading idea more than trying to hold Bitcoin for years.
That will be up to you because everyone who owns bitcoin will have their own plan about what they want to do with their bitcoin one day. If they think that selling their bitcoin can give them money to survive, they will do that. Otherwise, they will sell it for a long time or if they do not see bitcoin is not reach its target price. But I will sell bitcoin whenever it reaches my target price and try to buy back at a lower price if I can.
And it's also a good thing that besides being up to you, you also should consider the climate of the market, if it's making a really good price, you might want to sell your bitcoin but always leave something behind so in case that it goes up again, you will still take some profit. 
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.
Have you been holding since 2014? even if you sell now you already get a big profit. but you decide to hold. I am surprised by your decision. I'm sure you have done an analysis of bitcoin so you dare to accept the risk by holding bitcoin since 2014. This will make you get a lot of profit if you sell it. congrats bro, you will be rich 
That will be up to you because everyone who owns bitcoin will have their own plan about what they want to do with their bitcoin one day. If they think that selling their bitcoin can give them money to survive, they will do that. Otherwise, they will sell it for a long time or if they do not see bitcoin is not reach its target price. But I will sell bitcoin whenever it reaches my target price and try to buy back at a lower price if I can.
Many of us hoard more Bitcoins over time.
hoarding here in the sense that we invest so if we are able to buy as many bitcoins do it and we have confidence that we will benefit from our investment
Will we sell Bitcoin one day?
yes, we will sell our bitcoins someday, usually the main reason for selling bitcoins is that we need money suddenly and only bitcoins can we quickly turn into money at this time,
hoarding here in the sense that we invest so if we are able to buy as many bitcoins do it and we have confidence that we will benefit from our investment
Will we sell Bitcoin one day?
yes, we will sell our bitcoins someday, usually the main reason for selling bitcoins is that we need money suddenly and only bitcoins can we quickly turn into money at this time,
The Op has a point, we won't live forever and no one knows what the future holds for us or whenever we are going to die, so what is the point of holding bitcoin for a long time if you are not going to reap the rewards of doing so, you should always try to enjoy life while you can and take some of the profit that you make from holding on to bitcoin for years and take your family on a nice vacation or buy that car you always wanted because nothing lasts forever even bitcoin.
Will we sell out of Bitcoin one day?
Not all are holding anyway as that was their choice nor I should have to hold forever but something to enjoy while I could still use it to buy stuff.
Maybe you are right that if everyone will hold it makes the price of Bitcoin dump but this had never happened in real life because not all are holding. Buying and selling is the nature of this market, might these people buy now and possibly sell it by tomorrow, that can be happening depending on their decision and the reason why they are here in crypto.
To a certain extent, I think that is the right way to do it, although if ever you need the money, why would you restrict yourself so bad into holding it all if you could get some from it? Trading bitcoin to your local currency whenever you need it is not a crime, and can even save you from getting yourself in debt. The decision would always be yours, but it’s not a crime to sell some in order to gain some when it comes to bitcoin.
Bitcoin should be exchanged, traded regularly. It is the value created from trading and holding. Holders create scarcity. I am thinking of many conspiracies around Bitcoin that holders can create like a big dump, big pump. In the end, they will all be Big Gollums.
I mean, think about it: if they're actually hodlers, how can they cause a "big dump"? As their coins are pretty much taken off the markets in the first place.
But regardless, then again, you can do whatever you want with your coins.
I used to use it as a currency in the past (was approximately back in 2013-2015, I'm not sure) and I'm pretty sure I'd prefer not having spent that money for something that I could have bought with real money. Can't say I exactly regret it, since there was no possible way I could have predicted it, however, I'd rather have my BTC now.
If one has plenty of income to just live good, I think that he can afford to HODL. Meaning hold forever.
But the normal people have to spend - sooner or later - also parts of the investment. Of course, it can be spent well or it can be spent only for the sake of it.
But looking back and wishing you did different is counterproductive. I've spent too. I will probably invest more, I will probably spend more. Life goes on.
I'm currently working, thus, I use my paycheck in order to live by, if I didn't work, I would also consider using some of those funds.
The power of Bitcoin is as strong as the way the ring poisons the minds of its holders. Bitcoin is bullish and will increase in price in the future. We look at them like we look at our wealth. A wonderful, magical and precious property. We, we are all Gollum.
I don't want to be Gollum. I don't want to end in misery while I had Bitcoin in hand. No. So you are mistaken; no, not all from here are Gollum.
I used to use it as a currency in the past (was approximately back in 2013-2015, I'm not sure) and I'm pretty sure I'd prefer not having spent that money for something that I could have bought with real money. Can't say I exactly regret it, since there was no possible way I could have predicted it, however, I'd rather have my BTC now.
If one has plenty of income to just live good, I think that he can afford to HODL. Meaning hold forever.
But the normal people have to spend - sooner or later - also parts of the investment. Of course, it can be spent well or it can be spent only for the sake of it.
But looking back and wishing you did different is counterproductive. I've spent too. I will probably invest more, I will probably spend more. Life goes on.
Experts recommend keeping your cryptocurrency investments to under 5% of your portfolio. If you've done that, then don't stress about the swings, because they're going to keep happening, according to Bill Noble, Chief Technical Analyst at Token Metrics, a cryptocurrency analytics platform.
Many of us are hoarding more Bitcoins over time.
Indeed. And many also use it as currency too.
That is also the reason why Bitcoin dropped sharply on exchanges transactions in the past few years.
If you mean the number of Bitcoins at exchanges, I'd start by blaming the rich ones - usually companies - for doing that.
Will we sell out of Bitcoin one day?
No. We will just keep all of them until we die, since we don't like nor want to enjoy life. (/s)
PS. Did it occur to you that people/companies buying Bitcoin actually buy from others who are... um... selling? And since price is still way under 1 billion a piece, it means that there are plenty of sellers?
Bitcoin is the most potential and popular crypto in the world and most profitable coin in my thought. I think this is also the good time to buy Bitcoin and hold them for future. Also if anyone already bought it then they should hold Bitcoin tightly. I think in the end of this year Bitcoin again hit $60k. This is not impossible for Bitcoin. Bitcoin price is so much volatile now. But don't worry and don't be panicked. Hold your coin and hopefully you will get huge profit.
This means that Golum holds bitcoins to the point of sacrificing himself and never really enjoying all of his efforts.
Just have questions for anyone who actually did this.
Just have questions for anyone who actually did this.
- Is holding btc too long (HODL) a significant achievement?
- What does it mean that the price of bitcoin has reached 100k or 1m, while your expectations are not limited to those prices?
- What advantages of bitcoin do you feel so far when you never spend any or use it?
I think that every time is a good time to hold BTC because the BTC value is up In every year. I see every situation positively because I love BTC.
As long as I'm involved with bitcoin, I just want to enjoy the beauty and comfort of life as long as I'm involved with bitcoin while I still have it.
I mean I always take advantage of bitcoin's rise when it hits highs to sell some of the profits to buy or manifest what I want and facilitate the life I really need so I can have it, and most likely if I wasn't involved with bitcoin I wouldn't be can make it happen.
So I don't fully hold my holdings for long term because I want to really enjoy and feel the benefits for my happy life with my family it's all because of bitcoin.
I mean I always take advantage of bitcoin's rise when it hits highs to sell some of the profits to buy or manifest what I want and facilitate the life I really need so I can have it, and most likely if I wasn't involved with bitcoin I wouldn't be can make it happen.
So I don't fully hold my holdings for long term because I want to really enjoy and feel the benefits for my happy life with my family it's all because of bitcoin.
Re: Shall We Hold Our Bitcoin Like Gollum?
You know what you should do? Whatever the heck you want! And I'm totally serious and didn't say that in an aggressive manner. If you disagree that bitcoin shouldn't be for hodling but instead used as a currency, then you're free to use it as a currency, and vice versa. That's the beauty of it— freedom to do whatever you want with it.
Bitcoin should be exchanged, traded regularly. It is the value created from trading and holding. Holders create scarcity. I am thinking of many conspiracies around Bitcoin that holders can create like a big dump, big pump. In the end, they will all be Big Gollums.
Will we sell out of Bitcoin one day?
No. We will just keep all of them until we die, since we don't like nor want to enjoy life. (/s)
PS. Did it occur to you that people/companies buying Bitcoin actually buy from others who are... um... selling? And since price is still way under 1 billion a piece, it means that there are plenty of sellers?
The power of Bitcoin is as strong as the way the ring poisons the minds of its holders. Bitcoin is bullish and will increase in price in the future. We look at them like we look at our wealth. A wonderful, magical and precious property. We, we are all Gollum.
Personally, I have sold some of my coins in the current bull run. The gains were enormous, and I think we will face a big bear market in the upcoming months or years.
Taking small profits now will make me feel better in a bear market, so that is what I did. If it helps you feel better and act more rationally in a bear market if you sell some now, you should do it as well.
As mk4 said, we are all free to do whatever pleases us. Imo, you should never regret taking profits, even if the price gets to new ath later on. Acting rationally is what matters, and nobody can predict the future.
I would say we will drift with the trend, wait patiently and sell to buy back at a lower price. Enjoy the profits and enjoyment of redeeming Bitcoin as Gollum reclaims his treasure.
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.
Before Bitcoin reaches $1 million it will have to undergo a value adjustment. I would sell at $100k or $150k or perhaps $200k and buy back at lower.
My imagination looks so beautiful. I would be very happy if that happened.
Many of us are hoarding more Bitcoins over time.
Indeed. And many also use it as currency too.
That is also the reason why Bitcoin dropped sharply on exchanges transactions in the past few years.
If you mean the number of Bitcoins at exchanges, I'd start by blaming the rich ones - usually companies - for doing that.
Will we sell out of Bitcoin one day?
No. We will just keep all of them until we die, since we don't like nor want to enjoy life. (/s)
PS. Did it occur to you that people/companies buying Bitcoin actually buy from others who are... um... selling? And since price is still way under 1 billion a piece, it means that there are plenty of sellers?
I don't focus on profits when it comes to Bitcoin. I sell when I need to, and don't sell if I don't need money at a certain point in time. I want to use Bitcoin as a form of money, but the options of using it are so limited that usually I just have to sell it for fiat to buy stuff. Maybe I'll change my stance in the future and try to accumulate some BTC for long-term hodling, though, given how in my country, we're expected to invest into something to ensure our life when we get old because there will be no financial aid from the government when we get old. For now, I want to see more ways of using Bitcoin directly, as a form of money.
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 have sold some of my coins in the current bull run. The gains were enormous, and I think we will face a big bear market in the upcoming months or years.
Taking small profits now will make me feel better in a bear market, so that is what I did. If it helps you feel better and act more rationally in a bear market if you sell some now, you should do it as well.
As mk4 said, we are all free to do whatever pleases us. Imo, you should never regret taking profits, even if the price gets to new ath later on. Acting rationally is what matters, and nobody can predict the future.
Re: Shall We Hold Our Bitcoin Like Gollum?
You know what you should do? Whatever the heck you want! And I'm totally serious and didn't say that in an aggressive manner. If you disagree that bitcoin shouldn't be for hodling but instead used as a currency, then you're free to use it as a currency, and vice versa. That's the beauty of it— freedom to do whatever you want with it.
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.
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.
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