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Topic: Should I continue hodl my Bitcoin? - page 7. (Read 1270 times)

legendary
Activity: 1442
Merit: 1025
July 30, 2018, 11:35:38 AM
I bought some bitcoin in March 2017, sell half of it in Dec 2017 and hodl the other half since then. The current downward trend seem to last for a very long time and I'm quite upset about it. What do you guys think? Should I hodl or sell all my BTC now?
Yeah you should hold your bitcoin as long as you can because the price today is very low and if you sell your holding you will lose your investment. The future is bright of bitcoin and the price will grow again in the future. You just need to be patient and cool. Crypto investment is for long term and especially these days are not for sale besides for holding.
Holding is not making bitcoin any more value than lack of sources. I know there are less bitcoins in the market because of all the holders and lost coins and so forth but still if you just spend your coins on something with bitcoin you are telling that seller that you would rather use bitcoin than fiat currency, also if you provide people with bitcoin payment option on whatever you are making money and offer them some sort of discount than you are telling even more people to get bitcoin so they can pay you less. All of this creates a bigger world than just you that uses bitcoin. As per the trend of last weeks, bitcoin started to show positive side which may last months to year when considering the money inflow capabilities from most other investments. Hence continuing bitcoin holding is highly recommended.
member
Activity: 488
Merit: 10
July 30, 2018, 04:12:48 AM
I bought some bitcoin in March 2017, sell half of it in Dec 2017 and hodl the other half since then. The current downward trend seem to last for a very long time and I'm quite upset about it. What do you guys think? Should I hodl or sell all my BTC now?
Yeah you should hold your bitcoin as long as you can because the price today is very low and if you sell your holding you will lose your investment. The future is bright of bitcoin and the price will grow again in the future. You just need to be patient and cool. Crypto investment is for long term and especially these days are not for sale besides for holding.
hero member
Activity: 1820
Merit: 515
★777Coin.com★ Fun BTC Casino
July 30, 2018, 03:05:44 AM
You already made some decent profits your investment,so you already know what the bitcoin can do.I think this is not the right time to sell if you are looking for more profits because the prices maybe spikes up soon because if ETF,so better hold for now.
newbie
Activity: 21
Merit: 0
July 30, 2018, 01:10:51 AM

For me I will continue to hold on to my bitcoin. Even though its price is too high for me to continue because there are ordels that will increase the price of bitcoin we do not know when or what time.
Because we do not know because we do not have the process yet.
Yes that is a very good decision I think. In fact bitcoin price is still trading too much low, but now its price has started increasing and I think that it will continue increasing for a long time. So It is not the time to sell but to hold for some more time for the price increase.

Yeah I think that it wants to keep moving up. It's at some pretty strong resistance right now but if it can break through past the 8500 level it'll keep going for a while I think.

What you should think about if you want to sell it is whether you really need the money or not. Can it sit in there and gain in value for some time? Or do you need to buy something? Pay rent? Pay bills? In that case it might need to be cashed out.

But if it's something that isn't needed right now, it can wait. Frustration is natural in investing because it never goes the way you'd like it to go in the beginning. Have patience and good things will come.
sr. member
Activity: 994
Merit: 257
July 30, 2018, 12:28:30 AM
You can still buy bitcoin. It is never too late. There was a couple of months price below 7 000, it is still quite good to invest. I know people who invested while it was 11 000 and they sold it on 19 000. It depends how much money you are looking to invest, how much you want to wait until it raises again... It certainly isn't the best moment like when I joined 5 years ago,  but it still has room to make some money from it. Just what you need right now is to hodl Smiley
People that have been here for more than a year and had the opportunity to buy bitcoin when it was relatively cheap have no room to complain and those that only discovered bitcoin recently have no room to complain either, it is not like bitcoin was kept a secret at all, in fact many people were promoting bitcoin all over the Internet, if you did not wanted to listen that is your fault.
jr. member
Activity: 77
Merit: 1
July 23, 2018, 07:07:59 AM

For me I will continue to hold on to my bitcoin. Even though its price is too high for me to continue because there are ordels that will increase the price of bitcoin we do not know when or what time.
Because we do not know because we do not have the process yet.
Yes that is a very good decision I think. In fact bitcoin price is still trading too much low, but now its price has started increasing and I think that it will continue increasing for a long time. So It is not the time to sell but to hold for some more time for the price increase.
jr. member
Activity: 151
Merit: 2
July 21, 2018, 02:18:01 AM
If it is still profitable at the price you want to sell, then sell. I wont expect anyone who bought at $20k to consider selling now irrespective of his need, It will be unwise doing such. It is guaranteed that the price will climb some day but no one can predict when.
Don’t be upset, the price is growing again and I am sure that you will recover all your deficits in the near future. Be patient and hold your coins for some more time. Profit and loss are parts of business and you will have to bear this downwards situation of the market. It will not remain forever. You will see growth in the price very soon.
It depends upon the need and the price on which you bought. If you realize that you can make a profit of atleast 30% then go ahead and sell your coins, but if not then holding is better. If you do not need money then why you want to sell your coins? Leave them for some time and when the price grows more then sell them out. Be patient and cool about your holdings.
full member
Activity: 462
Merit: 100
July 19, 2018, 01:33:30 AM
yes you should continue to withhold the bitcoin you have lest you be affected with bad news so sell the assets you have at a very cheap price. let people give waffle to sell but you have to be confident to keep holding.
sgk
legendary
Activity: 1470
Merit: 1002
!! HODL !!
July 19, 2018, 01:28:48 AM
I bought some bitcoin in March 2017, sell half of it in Dec 2017 and hodl the other half since then. The current downward trend seem to last for a very long time and I'm quite upset about it. What do you guys think? Should I hodl or sell all my BTC now?

"Should you HODL your Bitcoins?"

In the long run, the answer is always "yes"
sr. member
Activity: 318
Merit: 326
July 19, 2018, 12:41:12 AM

For me I will continue to hold on to my bitcoin. Even though its price is too high for me to continue because there are ordels that will increase the price of bitcoin we do not know when or what time.
Because we do not know because we do not have the process yet.
full member
Activity: 630
Merit: 103
July 18, 2018, 09:47:48 PM
I bought some bitcoin in March 2017, sell half of it in Dec 2017 and hodl the other half since then. The current downward trend seem to last for a very long time and I'm quite upset about it. What do you guys think? Should I hodl or sell all my BTC now?

The 3rd quarter will almost to end so i suggest to keep on holding your Bitcoin because you have already waited for a long time since January so better to continue waiting until this year would end and lets see if the predictions by most famous cryptp experts might really happen as desired.
full member
Activity: 392
Merit: 100
ADABsSsSsSsSSSsS
July 18, 2018, 09:46:26 PM
I bought some bitcoin in March 2017, sell half of it in Dec 2017 and hodl the other half since then. The current downward trend seem to last for a very long time and I'm quite upset about it. What do you guys think? Should I hodl or sell all my BTC now?

In the current situation of the market today, yes you should continue to hold your coins because the price today is already starting to grow which is a good that bitcoins might even reach $50k dollars before the year ends.
newbie
Activity: 129
Merit: 0
July 18, 2018, 09:22:48 PM
bitcoin is about to see the major pump in the coming days so this is the right time to hold the bitcoins for future profit
hero member
Activity: 2688
Merit: 540
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July 18, 2018, 06:53:23 PM
I bought some bitcoin in March 2017, sell half of it in Dec 2017 and hodl the other half since then. The current downward trend seem to last for a very long time and I'm quite upset about it. What do you guys think? Should I hodl or sell all my BTC now?

Thats just frustration man. That kind of question can be answered by yourself.
Investment is supposed to be profitable. Now, how can you make a profit if you sell during the bear market?
Stretched your patience a little bit and you'll see a good result.
sr. member
Activity: 686
Merit: 264
"STAY IN THE DARK"
July 18, 2018, 01:54:30 PM
#99
I bought some bitcoin in March 2017, sell half of it in Dec 2017 and hodl the other half since then. The current downward trend seem to last for a very long time and I'm quite upset about it. What do you guys think? Should I hodl or sell all my BTC now?
If you bought bitcoins at March 2017 and sold them at Dec 2017 then you actually made more than 10 times of your investment captial and still the prices are more expensive than the price you were bought so you no need to worry for now,just hold it if you want more profits.So the answer in is your hand whether you can hold or sell it.
full member
Activity: 420
Merit: 105
“The Future of Security Tokens”
July 18, 2018, 01:06:50 PM
#98
You can still buy bitcoin. It is never too late. There was a couple of months price below 7 000, it is still quite good to invest. I know people who invested while it was 11 000 and they sold it on 19 000. It depends how much money you are looking to invest, how much you want to wait until it raises again... It certainly isn't the best moment like when I joined 5 years ago,  but it still has room to make some money from it. Just what you need right now is to hodl Smiley
sr. member
Activity: 994
Merit: 257
July 18, 2018, 11:34:27 AM
#97
I bought some bitcoin in March 2017, sell half of it in Dec 2017 and hodl the other half since then. The current downward trend seem to last for a very long time and I'm quite upset about it. What do you guys think? Should I hodl or sell all my BTC now?
I know that we are not happy with the price being this low but you could sell now and still be on profits if that is what you want, but why sell now when the price is very low? It is better to take some time to wait and see what it is going to happen, bitcoin has recovered some of the ground it lost and this could be the beginning of a small recovery.
newbie
Activity: 75
Merit: 0
July 18, 2018, 06:16:01 AM
#96
It depends on your financial situation. If you need the money there is nothing but cash it out. Thats the only reason to ever cash out your bitcoins. When the bitcoin price dropped this much and you already cashed out some of it on the ATH, why would you cash the rest of the bitcoin unless you really need it. There are some emergencies in peoples lifes and you may need some quick cash to pay for those troubles, in that case DEFINITELY cash out your bitcoin. If you do not however need the money, it would be not wise to cash right now.
sr. member
Activity: 805
Merit: 250
July 15, 2018, 04:01:22 AM
#95
I bought some bitcoin in March 2017, sell half of it in Dec 2017 and hodl the other half since then. The current downward trend seem to last for a very long time and I'm quite upset about it. What do you guys think? Should I hodl or sell all my BTC now?
I think this will depend on your needs, if you need money now then sell it all and never invest again since you have no patience for this technology. It will just cause you upset.
Holding is the safest way to be free from losing but it won't actually works for the people that are impatient and couldn't take the risk anymore. Mostly, they will sell off their coins to cut loses and diversify into other coins. Anyway it is good also, but considering that you are still losing, it is not the best way to consider. It s better to buy more bitcoin and then wait for it pumps.
newbie
Activity: 126
Merit: 0
July 15, 2018, 03:20:23 AM
#94
I bought some bitcoin in March 2017, sell half of it in Dec 2017 and hodl the other half since then. The current downward trend seem to last for a very long time and I'm quite upset about it. What do you guys think? Should I hodl or sell all my BTC now?
I think this will depend on your needs, if you need money now then sell it all and never invest again since you have no patience for this technology. It will just cause you upset.
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