Should I still hold the investment or sell it? - page 5.

arwin100

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Quote from: Lucius on November 27, 2023, 06:34:52 AM

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

I have known about Bitcoin since long time ago and I have been interested in Bitcoin ever since.
---
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.

Regardless of the fact that this is a Bitcoin forum, I will say that maybe you should sell because you obviously do not feel comfortable investing your savings in Bitcoin, regardless of the fact that you claim to have known about Bitcoin for a long time.

I can conclude that ignorance, doubt and greed are a very bad combination in any investment, and in that case I suggest to everyone that they prefer to keep their money in the bank, or to buy government bonds or something similar - the profit there is not great, but you still sleep much more peaceful.

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 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.

EarnOnVictor

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Quote from: CageMabok on November 26, 2023, 10:50:34 AM

Quote from: Sophokles on November 26, 2023, 06:29:44 AM

If you are holding for short term profits then you can book your profit but if you are a long term bitcoin holder then there is no point in selling your bitcoin right now. This is not the expected bull season we are waiting for. There can be a correction after this pump but thinking about selling your bitcoin and buying back when the market makes a correction can be fatal for you. You can lose the entry if there is no correction or if it is not significant enough to be profitable.

The risk of losing an entry after selling is now very possible even though Bitcoin is currently experiencing a very small correction in the market. So the consideration of not selling now is quite the right thing in my opinion because it would be a shame if after selling you can no longer buy at a low price if there is no correction in the near future, especially now that Bitcoin also shows price increases more often than corrections. That's why it makes perfect sense if we still want to keep it now by not selling for now.

There is nothing shameful in buying and selling your assets, no one is perfect in this regard, we should only pray and hope that luck is on our side. I've been buying and selling markets for a long time, so I know what I'm talking about, there is no perfect timing and decision but a mixture of speculation and probability. Nevertheless, traders or investors should learn at least a special way to know where (price) is best to buy and where (price) is best to opt out. This is why I usually say the reading of charts is good to guide anyone in this regard. Although this is never perfect but a means to at least make decisions without actually gambling yourself. Even if you made the mistake of opting out of the market badly, you will definitely know when to buy it back if you are a good reader of the chart. Then you act accordingly instead of believing there is shame in one's decision, nothing is perfect in trading, we are only trying our best, still, one should be smart with it.

Lucius

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

I have known about Bitcoin since long time ago and I have been interested in Bitcoin ever since.
---
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.

Regardless of the fact that this is a Bitcoin forum, I will say that maybe you should sell because you obviously do not feel comfortable investing your savings in Bitcoin, regardless of the fact that you claim to have known about Bitcoin for a long time. The fact is that in such a long time (no matter how long it really was) you still have doubts that surely stem from the fact that you believe more in the propaganda of the mainstream media than in the facts.

I can conclude that ignorance, doubt and greed are a very bad combination in any investment, and in that case I suggest to everyone that they prefer to keep their money in the bank, or to buy government bonds or something similar - the profit there is not great, but you still sleep much more peaceful.

Kelvinid

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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.

If you don't need money anymore, you better share your investment with any of your family members or relatives as they are somewhat needed for that and let them manage and grow it. You don't need to stress your life in investing in Bitcoin but rather enjoy it while you still have time. They will appreciate that much and think about the good deeds that you did.
And whether you sell them or hold them, it is you who can answer that and I believe that you already have some idea how the market works.
But the best solution is to let other people manage it so you don't need to think and bother yourself about it.

legendbtc

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Quote from: SmartGold01 on November 26, 2023, 11:09:58 AM

Quote from: legendbtc on November 26, 2023, 09:22:09 AM

You don't have to listen to anyone, what SmartGold01 says is not guaranteed and neither is what you say. So do what you think is right, don't listen to anyone.

Well, we all speaking on speculations no one can give you exact what would happen next because we know too well that bitcoin market highly volatile and anyone who is to venture into the market should be very careful. We all filter out those information we got from here to choose between which to implement or to take likely and not. But sincerely speaking I have followed some guidelines gotten from here and it helps me correctly that was when I wanted to sell off my holdings and some people encouraged me not to do that but today I can tell you that I am still on profits till now and I still plans to hold more even till halving.

I don't know why you and the OP like to rely on other people's advice about selling or holding your bitcoins. But for me, when investing I have my plan and I will always follow it. Second, only I understand what situation I am in, what I need and what I want. So only I know which option is best for me. People only give advice based on your story, they are not you and are not in your situation. How can they know what you are thinking and what you want?

Poker Player

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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.

philipma1957

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Quote from: stompix on November 25, 2023, 09:44:24 AM

Quote from: Bananington on November 25, 2023, 09:29:55 AM

Since you would still sell instead of to hold fiat currency in the bank,, the discipline you OP have to maintain this investment style can make you more money and a millionaire if the HODLing is maintained on a decentralized wallet for a during after 5years.

He has 0.004 BTC, to become a millionaire on it you would need Bitcoin to reach $250 million and the whole marketcap to be around 5300 trillions, that's 10 times more than the entire private wealth in the worlds!

Quote from: Ricardo11 on November 25, 2023, 09:32:01 AM

If you stick to this investment, you will achieve the biggest success of your life.

Really selling short what a guy can achieve these days, aren't we?
Making $200 from an investment becomes the biggest success of your life, damn!

Quote from: franky1 on November 25, 2023, 08:38:56 AM

Quote from: stompix on November 25, 2023, 08:23:44 AM

~

he might be a teenager or someone from a developing country where $150 is a few months salary

Yeah my bad, should have checked, and I wouldn't have even wasted my time with this

Quote from: Lidger on November 05, 2023, 10:47:56 AM

The amount of money I want to invest in Bitcoin may not be much but this is the beginning of my investment. I have a lot of plans to invest in my first Bitcoin. I plan to hold my first investment for five years. I am a student and I have a part time job besides my studies from which I earn about 200 dollars every month that's why I dare to keep my investment for 5 years. During these five years I will not only hold my investment but every month I will try to add some amount to my total investment if I have a job for five years. That's why I will hold the investment in five year plan because after five years my graduation will be complete then I will try to do something good with my investment.

Two weeks ago he was planning on hodling for five years and adding more each month, now he can't sleep at night after one week.
Time and server diskspace waste!

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.

Sebas.tian

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Quote from: AbuBhakar

You should decide for yourself since this is your money. It depends also if you will use this amount already or this is just an investment dedicated money. Bitcoin is very good to hold long term if you don’t have any urgent use for that money because halving is near while adaption is already coming again due to the ETF approval.

Only sell if you are happy already to your profit or if you will use the money already on important matters. Taking profit is always a good thing to do.

If you want people to decide for you on what to do now, it may make you to Miss your opportunity because there are some holders waiting for the price to reach $100,000 before they can sell which I don't know if you are part of those category of holders in the community. Since you have invested the money on Bitcoin, and the price just hit $38,213 few days ago, it will be favourable if you can hold your Bitcoin in this bearish season, because if you sell your Bitcoin you will not be able to make a good income like those that will hold long in the community. But if you know that you are not capable to wait till the price of Bitcoin hit back $69,321 before you can sell, you can sell when the price hit $40,000 before the end of this month.

jeraldskie11

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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.

Personally, if I were in your situation, I would sell my Bitcoin. You don't even have to sell at the highest price to make a profit, profit is profit. We also need to know how to analyze the market so that we can determine what the price can reach before retracing. There are times it will not reach the supply zone and then the price will drop. So it is better to sell even if the expected price is not yet reached then look for an area or zone where the price may retrace. You need to have a plan for this so you don't get FOMO.

mirakal

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You said it from your own mouth that you won't be needing the money anytime soon so why do you stress yourself thinking whether to keep on hodling or sell them? Most probably because you are afraid to see bitcoin experience price decline anytime soon? Well, that could be possible as we can't expect to see bitcoin price always on the surge, there will really come a time that its price will move down and then go up again, that's how volatility works.

This is the reason why everyone is advised to always put an amount that you can afford to lose so that you won't be worrying if a market crash suddenly happen. But for your peace of mind, try to sell a portion of your bitcoin to gain profits, and when the price drops down deeply, reinvest again and hold it for long term in preparation for the upcoming bitcoin halving.

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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.

Everyone can think for himself better than others think about you because we don't know that what will be situation of that person who wants a suggestion from us. We should give them good suggestions but the decision will be his own because we are talking about the market condition but have no idea that at what price he bought bitcoin and what are his personal plans.

Waiting till April of the year 2024 will be most profitable because next year is termed as a halving year but if someone can't wait more due to some issues then he should think about his profit and if he is in profit then selling this time is not an issue but if he has no profit then I think a person should wait little more because few months are just remaining to be benefited due to bitcoin investment.

SmartGold01

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Quote from: legendbtc on November 26, 2023, 09:22:09 AM

You don't have to listen to anyone, what SmartGold01 says is not guaranteed and neither is what you say. So do what you think is right, don't listen to anyone.

Well, we all speaking on speculations no one can give you exact what would happen next because we know too well that bitcoin market highly volatile and anyone who is to venture into the market should be very careful. We all filter out those information we got from here to choose between which to implement or to take likely and not. But sincerely speaking I have followed some guidelines gotten from here and it helps me correctly that was when I wanted to sell off my holdings and some people encouraged me not to do that but today I can tell you that I am still on profits till now and I still plans to hold more even till halving.

CageMabok

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Quote from: Sophokles on November 26, 2023, 06:29:44 AM

If you are holding for short term profits then you can book your profit but if you are a long term bitcoin holder then there is no point in selling your bitcoin right now. This is not the expected bull season we are waiting for. There can be a correction after this pump but thinking about selling your bitcoin and buying back when the market makes a correction can be fatal for you. You can lose the entry if there is no correction or if it is not significant enough to be profitable.

The risk of losing an entry after selling is now very possible even though Bitcoin is currently experiencing a very small correction in the market. So the consideration of not selling now is quite the right thing in my opinion because it would be a shame if after selling you can no longer buy at a low price if there is no correction in the near future, especially now that Bitcoin also shows price increases more often than corrections. That's why it makes perfect sense if we still want to keep it now by not selling for now.

jasonjm

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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.

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Quote from: Solosanz on November 25, 2023, 09:18:17 AM

My suggestion is to sell it because Bitcoin price might went to $0 because it's a bubble and we're waiting the bubble will burst. Bitcoin isn't a physical asset so the chance to lose it really high, it might be just a random number generated or manipulated with someone which you doesn't know behind Bitcoin. Let me know what's your decision because you're asking someone advice in this forum, right?

Today I read your “motivational” posts for the second time. It seems that some users are starting to annoy you with their not-so-smart questions, and it’s time to open a topic like “ Bad advice from Solosanz." Grin

But, OP, what's wrong with you? Withdraw money from Bitcoin profits and put it in the bank.

You are probably very young and largely dependent on your family (this is in history), so until you have done anything worthwhile on your own, stop flaunting the fact that you don’t need money, and don’t forget that the history of posts is available to everyone.

Quote from: Lidger on November 18, 2023, 09:43:20 AM

Since I will never need to sell the investment, I will try to hold my investment for as long as possible. If I am successful in the investment, I will discuss my investment with my family.

Quote from: Lidger on November 17, 2023, 11:45:56 AM

I have a plan now that I will never waste the money I take from him but I will invest a part of that money in Bitcoin and keep that investment for a long time. After investing in Bitcoin for a long time I have a dream that one day I will hand over a huge amount to my father and tell him that I did not spend your money in the wrong place at all.

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.

Try to be consistent.

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

Quote from: SmartGold01 on November 25, 2023, 09:10:17 AM

What you have to understand is that the money is yours and you made the investment and not anyone here to decides for you because when wave comes i don't think anyone would ever spare their hard earned money to give you. Then going back to what you said, I won't encourage you to sell now reason being that bull run is on the way and you don't need to waste your investment rather hold till next year maybe after bullrun you can decide to sell them you have made about 20x or more of your investment.

How do we know that the bull run is on the way, I'm sure that OP is going to not have any problems selling all of it right now because the current F&G index indicates a Greed and I think that if there's any time to sell now, I think that this is going to be this time, I feel like OP should consider selling now because if OP's getting the profit, I think that OP should go for it. The price of bitcoin is definitely going to go down before it goes to a bull run and it hasn't done any big dump recently so a potential price crash can still happen. My other advise to OP though is to just do what you really want to do with the investment, at the end of the day it's yours and the advise of other people is just there to help you out not the deciding factor.

If you rely solely on the greed and fear index and can be sure that the bitcoin price will correct right now, are you being too naive? I have even seen it at high levels for weeks now and bitcoin is still rising without any major correction happening. As for selling bitcoin, you can sell at any time because it is your money and you need to stick to your investment plan. You don't have to listen to anyone, what SmartGold01 says is not guaranteed and neither is what you say. So do what you think is right, don't listen to anyone.

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Quote from: davis196 on November 26, 2023, 06:59:20 AM

Quote

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.

If you can't stand Bitcoin's price volatility then maybe this investment isn't for you. You will eventually panic and sell everything, when the price crashes(there will be a price crash in the future, I'm 100% sure about that). The price drops will be followed by bull runs, so there's nothing to worry about, but some people can't control their emotions.
Asking strangers for financial advice is wrong, if you ask me. Nobody can take responsibility for your own finances. Only you can take the responsibility for your savings. I would sell the BTC at 37K and wait for the price to crash back to 20K, in order to buy again, but that's just me. Grin

Seeing your portfolio on those negative PNL's then for sure you would really panic and freak out specially if you arent getting used to it but if you are that having already the experience towards the market then it wouldnt really be an issue in speaking on bitcoin or crypto investment but of course it would bare up that risks which is something that not all would really be able to handle.If you are in torn on having those kind of possible solutions for you to acquire that specific amount because you are planning on some investment then it would really be your choice whether you should dive in or not.

We arent that not all good when it comes to risks handling on which it would really be that normal that there would be those people who would really making out choice to proceed
and there are ones would be choosing on going to the less risky side of things on which they would be continuing on making some savings and dont tend
to make any actions.

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If you don’t need the money right now, then why are you selling these valuable coins. You haven’t seen Bitcoins growth from 2016 onwards? You don’t know that Bitcoins are limited in numbers that is no more Bitcoins can be created? Still you just running for these small profits? Bitcoins are for long term investment. Buy coins at regular intervals and hold them as long as you can. Only sell the coins, when you think you in need of serious money. Hope you are getting my point OP.

davis196

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Quote

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.

If you can't stand Bitcoin's price volatility then maybe this investment isn't for you. You will eventually panic and sell everything, when the price crashes(there will be a price crash in the future, I'm 100% sure about that). The price drops will be followed by bull runs, so there's nothing to worry about, but some people can't control their emotions.
Asking strangers for financial advice is wrong, if you ask me. Nobody can take responsibility for your own finances. Only you can take the responsibility for your savings. I would sell the BTC at 37K and wait for the price to crash back to 20K, in order to buy again, but that's just me. Grin

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Quote from: hatshepsut93 on November 25, 2023, 06:28:25 PM

With $150 worth of coins it doesn't really matter what you do. It's very optimistic to expect that in the next few years Bitcoin will be worth 10 times more. Would $1,500 change your life? Even of you are from a very poor country, there's no way such sum can be life-changing and allow you to buy a house. Even 100 times and having $15,000 is really not that much in the modern world.

Sp focus on earning money first and then start worrying about investments.

he has a job that only pays him $200 a month. he may not live in a "modern world" country

so when btc 10x in the 2025 ATH $1500 is 7 months of income

many people in the modern world live pay-cheque to pay-cheque and it takes them 7 years to say up 3-6months of emergency savings of their monthly income

so putting in a one shot of 7% of months income to turn into 7 months in 2 years without having to put any extra aside every month is a good investment

he also in other topics said he will also put a bit of every months income into bitcoin to add to the 0.004 over the next 5 years. meaning he will ATH the 0.004 at 2025 and possibly ATH multiplier at 2029 too

seems to me he is doing the smart thing by planning to hoard and DCA, though id probably suggest invest more now while low and less when high in future years

Quote from: stompix on November 25, 2023, 09:44:24 AM

Quote from: Lidger on November 05, 2023, 10:47:56 AM

The amount of money I want to invest in Bitcoin may not be much but this is the beginning of my investment. I have a lot of plans to invest in my first Bitcoin. I plan to hold my first investment for five years. I am a student and I have a part time job besides my studies from which I earn about 200 dollars every month that's why I dare to keep my investment for 5 years. During these five years I will not only hold my investment but every month I will try to add some amount to my total investment if I have a job for five years. That's why I will hold the investment in five year plan because after five years my graduation will be complete then I will try to do something good with my investment.

Topic: Should I still hold the investment or sell it? - page 5. (Read 1108 times)