Should I still hold the investment or sell it? - page 4.

kingvirtus09

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Quote from: Lidger on November 25, 2023, 08:08:21 AM

First of all I'm a small bitcoin investor, and I'm not too old to invest so this is the beginning of my investment.

I have known about Bitcoin since long time ago and I have been interested in Bitcoin ever since. Slowly trying to learn about Bitcoin and interest in learning about Bitcoin introduced me to investing. At the beginning of investing in Bitcoin I felt different, I could not believe that investors invest in this crypto currency. While slowly trying to learn about investing and at some stage of trying I got a rough idea about investing and from then on I started to believe that investors really invest in this platform. It was okay for others to invest but I couldn't bring up the courage to invest myself because it seemed too risky to me. Although it seemed risky, since a curiosity was working in my mind, I took courage and decided to withdraw money from my savings account and decided to invest that money in Bitcoin.
At the time I invested in Bitcoin I clearly remember when Bitcoin was worth around $25K. To be honest, I couldn't sleep well until a few days after investing, I always felt that maybe I had invested my hard-earned savings in the wrong place. Although it was bad for a few days, I was able to adjust myself with it later. After a few days of my investment, I felt that something good must be waiting for me, because since that time the price of Bitcoin has been steadily increasing and has reached its current level.

When the price of Bitcoin reached $38K I thought I would sell my investment but I didn't sell my investment yet hoping for something better. Thinking whether to sell the investment or not I thought I should share the matter in the forum and I will get the best solution from the forum that's why I am sharing the matter in the forum whether I should hold on to my investment or sell it now.
I don't need the money anyway, if I sell my investment now I have to deposit this money in the bank again.

From what I see in you, you really see Bitcoin as a good potentiality because you have an idea and knowledge about it anyway, and you won't decide to take your savings just to buy Bitcoin. And at this point, you are not wrong.

But I noticed that you haven't determined for yourself which category you are in; I mean, you don't know or aren't sure if you are long-term or short-term holders. But based on your feelings, you are a short-term trader because you are hesitant to sell your holdings, although you obviously have a profit from what you did somehow.

But if you have higher expectations for bitcoin, you should not sell it now. Try to become more sensitive to what is happening now in the market. This is just my opinion as a Bitcoin holder.

dunfida

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Quote from: Lidger on November 25, 2023, 08:08:21 AM

First of all I'm a small bitcoin investor, and I'm not too old to invest so this is the beginning of my investment.

I have known about Bitcoin since long time ago and I have been interested in Bitcoin ever since. Slowly trying to learn about Bitcoin and interest in learning about Bitcoin introduced me to investing. At the beginning of investing in Bitcoin I felt different, I could not believe that investors invest in this crypto currency. While slowly trying to learn about investing and at some stage of trying I got a rough idea about investing and from then on I started to believe that investors really invest in this platform. It was okay for others to invest but I couldn't bring up the courage to invest myself because it seemed too risky to me. Although it seemed risky, since a curiosity was working in my mind, I took courage and decided to withdraw money from my savings account and decided to invest that money in Bitcoin.
At the time I invested in Bitcoin I clearly remember when Bitcoin was worth around $25K. To be honest, I couldn't sleep well until a few days after investing, I always felt that maybe I had invested my hard-earned savings in the wrong place. Although it was bad for a few days, I was able to adjust myself with it later. After a few days of my investment, I felt that something good must be waiting for me, because since that time the price of Bitcoin has been steadily increasing and has reached its current level.

When the price of Bitcoin reached $38K I thought I would sell my investment but I didn't sell my investment yet hoping for something better. Thinking whether to sell the investment or not I thought I should share the matter in the forum and I will get the best solution from the forum that's why I am sharing the matter in the forum whether I should hold on to my investment or sell it now.
I don't need the money anyway, if I sell my investment now I have to deposit this money in the bank again.

When it comes to selling decisions then it would really be that entirely be depending on you because its your money and if you dont need up the money you do make with those profits then it would be ideal that you should hold for more long years considering that we are really getting close to bull run period then potential profits could really be even more considering that you have invested when its still 25 then you are really that in profits now.
It is really just that normal that whenever we do make out investment on a market on which we dont have experience or able to know then it would really be just that normal that you would really be having those kind of doubts and anxiety whether your money would totally lost or not to be profitable.

Once you do have those doubts then you cant really sleep but if you have seen that your investment is slowly gaining up profits then those worries would really be wept away
on which i could say that it is normal. Also its not bad to secure out profits now though considering that profits is already there, profit is profit no matter how small or big it is.
We do have different selling positions and considerations.

bitgolden

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Quote from: pinggoki on November 28, 2023, 09:55:00 PM

Quote from: SmartGold01 on November 26, 2023, 01:49:55 AM

If op could endure to hold bitcoin from 25k till date what then stops him from not holding till bullrun, what difference does it make selling now?
Well I can't detects for op even to tell him hold on but as a bitcoiner someone who so much believe and trust bitcoin should be able to know that bitcoin is a speculative assets and for that we have just few months/days to halving and this could really fetched him something very amazing if op can just hold till the main bullrun.

Halving is estimated to be 4 to 5 months away from happening, I think that doesn't count as few months. There's going to be an opportunity for OP to buy bitcoin along those months anyway so I am sure that selling right now won't be that bad of a deal, it's not like OP is going to quit investing for good just because OP is selling. Also, there's definitely going to be a time where bitcoin price will eventually go down again before it will go up again that's why I believed that OP should go for selling since there's still that future and potential opportunity to get back at a cheaper price.

I think it is still quite close, I mean we are talking about April or May, which means that 5-6 months to be fair, and that's still very very close. Look at the price, we have peaked over 38k if I am not wrong, and that means we have seen quite high, the bottom was 15k so the peak we have seen since the bear run started versus the bottom is way more than 100% increase, it is 150% increase.

When things are already this high, that means you are already a bit late and should be considering the situation a bit differently. I understand that it may not look that great but it should be quite good period in the end. I believe that we are going to end up with something that will change the situation a lot, and could be done in a very good way.

lizarder

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Quote from: Aanuoluwatofunmi on November 29, 2023, 09:34:37 AM

Inside life, this is strange again and heavy to hear, what is spiritual knowledge about bitcoin all about, am getting confused here, knowledge is knowledge, what is the spiritual implications again here with someone doing the norms or not, honestly this is very funny to hear that bitcoin has been hypnotized under the influence of spiritual attacks that makes it has its patterned ways in this format or you're just making your own cruise out of it.

Understanding spiritual meaning in relation to Bitcoin is quite confusing because usually people will understand spirituality in the context of soul and spirit. Knowledge includes how someone can understand investment strategies to generate profits and I don't know what spiritual means? This kind of hypothesis can be quite confusing when it doesn't try to explain the true meaning and I think we will hear hypnosis in this aspect of the human mind regarding their journey in bitcoin in the future.

Quote from: Aanuoluwatofunmi on November 29, 2023, 09:34:37 AM

Quote from: Out of mind on November 29, 2023, 08:35:54 AM

Accordingly, if you buy bitcoins you must hold it till bull market only then you can get double amount of profit. That's why I'd say you should never buy and sell Bitcoin but wait until you ATH.

Is it actually doubled of the amount invested we can get when we Invest on bitcoin, your English is giving me another new interpretation to what I've never heard about.

Bitcoin has an advantage in the long term because ATH can provide multiple profits. Bullish means an increase in prices but does not guarantee that it will provide double the profits because the process of accumulation of purchases is the basis for the price at which people buy. I think the language becomes a bit erroneous and may be a problem that makes it difficult for us to understand it.

ivankoh

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Actually on your question, you are hearing a lot about bitcoin investment or someone shares with you about a potential option and you decide to take action after doing your own research about it. I think that's good, but you have to build your investment strategy and plan? You will wonder if that amount of savings will earn interest in 1 year, 5 years or 10 years? Or when you withdraw that savings to invest in bitcoin, how do you set your profit target? you need to determine that. It's yours! when you think it is enough and you are satisfied, then your decision will be right.

Aanuoluwatofunmi

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Quote from: Out of mind on November 29, 2023, 08:35:54 AM

You probably don't have a very good spiritual knowledge about Bitcoin, or you wouldn't have thought like this.

Inside life, this is strange again and heavy to hear, what is spiritual knowledge about bitcoin all about, am getting confused here, knowledge is knowledge, what is the spiritual implications again here with someone doing the norms or not, honestly this is very funny to hear that bitcoin has been hypnotized under the influence of spiritual attacks that makes it has its patterned ways in this format or you're just making your own cruise out of it.

Quote from: Out of mind on November 29, 2023, 08:35:54 AM

Accordingly, if you buy bitcoins you must hold it till bull market only then you can get double amount of profit. That's why I'd say you should never buy and sell Bitcoin but wait until you ATH.

Is it actually doubled of the amount invested we can get when we Invest on bitcoin, your English is giving me another new interpretation to what I've never heard about.

Lamkuthang

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Quote from: Lidger on November 25, 2023, 08:08:21 AM

Thinking whether to sell the investment or not I thought I should share the matter in the forum and I will get the best solution from the forum that's why I am sharing the matter in the forum whether I should hold on to my investment or sell it now.
I don't need the money anyway, if I sell my investment now I have to deposit this money in the bank again.

Actually investing in BTC is not very difficult, but before that the main thing is to fulfill the basic requirements first. Now. If it's already entered, it means OP is ready. so just keep your BTC and get out if you have made a profit after the market returns to normal if you don't want to continue.

Out of mind

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You probably don't have a very good spiritual knowledge about Bitcoin, or you wouldn't have thought like this. First of all I will tell you to get good education about bitcoin, when you know better about bitcoin you will definitely know whether you should hold or sell your investment. I would say if you can gain good knowledge about Bitcoin, then surely you plan to hold Bitcoin. We always know that Bitcoin is a highly influential currency and helps to stabilize a person's future financially. Accordingly, if you buy bitcoins you must hold it till bull market only then you can get double amount of profit. That's why I'd say you should never buy and sell Bitcoin but wait until you ATH.

pinggoki

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Quote from: SmartGold01 on November 26, 2023, 01:49:55 AM

Quote from: pinggoki on November 25, 2023, 09:44:24 PM

~

If op could endure to hold bitcoin from 25k till date what then stops him from not holding till bullrun, what difference does it make selling now?
Well I can't detects for op even to tell him hold on but as a bitcoiner someone who so much believe and trust bitcoin should be able to know that bitcoin is a speculative assets and for that we have just few months/days to halving and this could really fetched him something very amazing if op can just hold till the main bullrun.

Halving is estimated to be 4 to 5 months away from happening, I think that doesn't count as few months. There's going to be an opportunity for OP to buy bitcoin along those months anyway so I am sure that selling right now won't be that bad of a deal, it's not like OP is going to quit investing for good just because OP is selling. Also, there's definitely going to be a time where bitcoin price will eventually go down again before it will go up again that's why I believed that OP should go for selling since there's still that future and potential opportunity to get back at a cheaper price.

wiss19

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Quote from: Lidger on November 25, 2023, 08:08:21 AM

I thought I should share the matter in the forum and I will get the best solution from the forum that's why I am sharing the matter in the forum whether I should hold on to my investment or sell it now.

I think you are not going to get any specific suggestion regarding that from anyone and almost every single person would tell you to decide for yourself. I would say the same, because it totally depends on your personal financial goals and your target that you had when you were making the investment. If you were looking for a specific amount of profits and you think you have got it, you should sell them, but if you invested so that you can hold for long term to reap higher returns, then it's definitely not the right time for that because we expecting a bull run in the next couple of years.

Quote from: Lidger on November 25, 2023, 08:08:21 AM

I don't need the money anyway, if I sell my investment now I have to deposit this money in the bank again.

That means that you can hold it for as long as you want, I would not suggest you selling them in this case because if you can hold until the bull run, you will definitely get higher profits.

Eternad

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Quote from: Mpamaegbu on November 28, 2023, 09:03:37 AM

Quote from: Lidger on November 25, 2023, 08:08:21 AM

I don't need the money anyway, if I sell my investment now I have to deposit this money in the bank again.

Don't sell off now because doing that can leave you in deep regret as we're going into a bull run. Hodl your Bitcoin till after the halving in 2024 if you still have the urge to sell off. Otherwise, it's better to wait longer after halving for the momentum that will expectedly lead to a new ATH in 2025. By the way, you've just around $150 in Bitcoin. That isn't much if you asked me. You should find a way of buying more at every price correction from now till before its halving.

Exactly! He will be missing a lot of opportunities if he sell now while Bitcoin Halving or the new ATH is not yet reached. He also mention about not needing the money even if he will sell it so it means that he knew the answer to his question but probably just have a mixed feeling on holding or selling due to the volatility of Bitcoin which I understand since it’s really tempting to sell when you see that your holdings is already have profit.

tygeade

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Quote from: philipma1957 on November 27, 2023, 08:36:55 AM

Quote from: Poker Player on November 27, 2023, 12:46:09 AM

Quote from: philipma1957 on November 26, 2023, 08:35:25 PM

His hand are soft not Diamond. He needs to sell it and ask for advice.

100 into 150 is nothing

and having to ask about it is the issue.

No understanding of hodl not ready to hodl.

Yes, and I can understand if it is someone young with little money or living in a developing country where that amount is more important than for us, but the fact that 20 days ago he was saying he was planning to hold for 5 years, plus adding to the investment, and now he is considering whether to sell makes me wonder if there isn't a bit of trolling going on here. In any case, I have it clear, at the moment we are in, facing a bull market and with that amount I would not sell, another thing is that he needs the money for something but then he should not have invested it in the first place.

Exactly that.

If we assume he is truthful he simply is not emotionally ready to invest.

Or he is a troll and we are wasting time replying to him.

But if a truly shaky handed person is reading this some advice could help them.

That is the reason why I usually respond to topics that look like trolling, because I feel like there could be some real person out there who may read this and get some help, not really response to OP himself, but to anyone who feels like what OP wrote, which makes responds a lot more crucial. I do believe that holding is important at this stage, and people should be holding as long as possible, I would say even hold beyond this upcoming bull run we are expecting and see the bull run after that, 4 years after that probably, and if you can wait the 8 years after one, and wait 12 years after one, wait as long as possible.

In fact, I would wait until I pass away from this world and leave it all to my kids, who would be way richer than me I assume after getting them. So all in all, waiting is true, and selling is wrong to me. This isn't exactly towards OP, if he could use it then great, but if not, this is to all the people who wonder about what they should do.

Mpamaegbu

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Quote from: Lidger on November 25, 2023, 08:08:21 AM

I don't need the money anyway, if I sell my investment now I have to deposit this money in the bank again.

Don't sell off now because doing that can leave you in deep regret as we're going into a bull run. Hodl your Bitcoin till after the halving in 2024 if you still have the urge to sell off. Otherwise, it's better to wait longer after halving for the momentum that will expectedly lead to a new ATH in 2025. By the way, you've just around $150 in Bitcoin. That isn't much if you asked me. You should find a way of buying more at every price correction from now till before its halving.

xSkylarx

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Quote from: Lidger on November 25, 2023, 08:08:21 AM

When the price of Bitcoin reached $38K I thought I would sell my investment but I didn't sell my investment yet hoping for something better. Thinking whether to sell the investment or not I thought I should share the matter in the forum and I will get the best solution from the forum that's why I am sharing the matter in the forum whether I should hold on to my investment or sell it now.
I don't need the money anyway, if I sell my investment now I have to deposit this money in the bank again.

You will experience this again when Bitcoin reaches around $50k. You will still want more, it will be the same feeling as you are not being contented. For now if you still don't need money then it is better to continue holding more and stop always checking it, as it will just tempt you to sell it. You just answered your question so try to refrain from checking it from time to time or it is better to forget it. If I were in your situation I would forget it because I don't need that money and probably sell it off after a few years or even a decade.

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Quote from: _BlackStar on November 25, 2023, 04:15:14 PM

Quote from: Lidger on November 25, 2023, 08:08:21 AM

Snip

Don't sell now - be patient and keep this investment safe and stay out of the market. As a long-term holder - I'm not forcing you to keep holding Bitcoin so you don't sell it if you need the money, but because you don't need the money so hold on and just enjoy the growth.

If you need to sell them - then don't sell all the bitcoin, but sell as much as you need. There is great potential waiting for the holder in the next 1 to 2 years, so strengthen your grip and avoid market volatility.

This is how to defined those that are patient enough to hold bitcoin, like you said if op needs money for expense he can sell little to settle his needs and wants but if those things are not necessary then there is no need to go sell off his investments. From op diversifying investment is also good but how sure is he to what he wants to put his money pulling it from better investment to further expand another business though is a good idea but he needs to be mindful I don't he should that now because bitcoin is on a fast growing track and he should hold for now.

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Quote from: jasonjm on November 26, 2023, 10:17:15 AM

I think it is better to decide for yourself. It is your money, and the decision will impact only you and your family.
I know that it is very difficult to wait for a few years, but the wait will be worth it. I am of the opinion that you should hold your Bitcoin investment for a couple of years at least to get some healthy profit. The chances are that the price will reach a new ATH in 2025 or earlier. Store your profit in Gold or silver. You can also invest in liquid assets, but depositing your money in the bank will not be of any use in the long run.

He is confused and can't decide properly for himself, that is why he is here asking for what is the best thing to do. Before we invest, we should set up a goal so that the road will be more clearer for us. Each of us are unique, so some are already good with a small profit, and there is no need for them to wait for a year or two before they sell their coins.

The price of BTC is also unpredictable and can sometimes do wonders where it can pump high for a short period of time only. This can as well cut our waiting time even though our expectations is a bit high. Apart from diversifying his profits, I think it is still not wrong to put some in the banks.

Questat

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Hold if you are still looking for more and want to experience bull season while having your cryptos complete. But if you are already contented enough with the profit that you have these days, then sell them. Because your decision matters to your goal and the thing that you want to happen. It means even if we said that holding is the best option but if it was against your will, that will never work. Indeed, you should think wisely, and just follow what is your plan/target because we all have differences.

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Quote from: arwin100 on November 27, 2023, 08:34:14 AM

That really be the best decision he could do since if he keep holding it for sure he gain a lot of pressure due to price changes happen. So he should experience to sell it first then try to monitor on how the market move after that so he can get an idea and learn from the action he made.

The point is precisely that the OP claims to have known about Bitcoin for a very long time, but obviously still has great doubts, not to mention the fact that he does not know how to assess the time we are currently in. No one can claim that the price of BTC will not be 5% or maybe 15% lower in 2 or 3 months than it is today, but the fact is that we are at the very end of a bear market and anyone who sells today may not get the opportunity to buy BTC for $25k like the OP did.

Quote from: arwin100 on November 27, 2023, 08:34:14 AM

The three attitudes you mention is really a bad combination since it can make people not to think more clearer regarding on what price they want to take their profit since what came up on their mind is how they can earn more in ongoing good tracks of the market that's why they will hold more and stressed their selves on things they don't understand. Maybe best for them to keep their money in the bank for safety if they are not prepared, but its also good if they try the risk so that they can able to experience the worst and bad situations on the market.

It is not only a question of profit, but also that these people are actually harming their health because they are constantly under stress and fear that they will lose their investment because they have invested much more than they can afford to lose. It's hard for me to understand what's in these people's heads when they put everything they have on the line and then hope for a miracle, and as soon as the price drops a little, they immediately sell and think that it's something positive that they sold with a small loss.

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Quote from: philipma1957 on November 27, 2023, 08:36:55 AM

Quote from: Poker Player on November 27, 2023, 12:46:09 AM

Quote from: philipma1957 on November 26, 2023, 08:35:25 PM

His hand are soft not Diamond. He needs to sell it and ask for advice.

100 into 150 is nothing

and having to ask about it is the issue.

No understanding of hodl not ready to hodl.

Yes, and I can understand if it is someone young with little money or living in a developing country where that amount is more important than for us, but the fact that 20 days ago he was saying he was planning to hold for 5 years, plus adding to the investment, and now he is considering whether to sell makes me wonder if there isn't a bit of trolling going on here. In any case, I have it clear, at the moment we are in, facing a bull market and with that amount I would not sell, another thing is that he needs the money for something but then he should not have invested it in the first place.

Exactly that.

If we assume he is truthful he simply is not emotionally ready to invest.

Or he is a troll and we are wasting time replying to him.

But if a truly shaky handed person is reading this some advice could help them.

Bunch of alike stories and given that we are all anonymous in this forum, it would be hard determining which user is telling the truth or whether stories or topic are legitimate or not.

For sure we are all aware here; hold and just continue to do so until satisfactory. However there are indeed people having difficulties with their decision despite of awareness on what to to. Factor to consider is the investor's life circumstances. Everyone for sure wants to hold but not all could endure market price changes.

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Quote from: Poker Player on November 27, 2023, 12:46:09 AM

Quote from: philipma1957 on November 26, 2023, 08:35:25 PM

His hand are soft not Diamond. He needs to sell it and ask for advice.

100 into 150 is nothing

and having to ask about it is the issue.

No understanding of hodl not ready to hodl.

Yes, and I can understand if it is someone young with little money or living in a developing country where that amount is more important than for us, but the fact that 20 days ago he was saying he was planning to hold for 5 years, plus adding to the investment, and now he is considering whether to sell makes me wonder if there isn't a bit of trolling going on here. In any case, I have it clear, at the moment we are in, facing a bull market and with that amount I would not sell, another thing is that he needs the money for something but then he should not have invested it in the first place.

Exactly that.

If we assume he is truthful he simply is not emotionally ready to invest.

Or he is a troll and we are wasting time replying to him.

But if a truly shaky handed person is reading this some advice could help them.

Topic: Should I still hold the investment or sell it? - page 4. (Read 1108 times)