Topic: Should I still hold the investment or sell it? - page 6. (Read 1095 times)
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.
I would keep it really simple and what I would have done if I were in your situation. If you are in for long term investment then leave it until halving and possible bullrun as price will surely increase as per the past trends. But if this investment is something which you cannot commit even until the halving next year then you can sell a part and take out the capital you invested and let the profit still be in Bitcoin and leave it for a longer term.
Don't confuse yourself way too much and just think about what I have mentioned above.
Don't confuse yourself way too much and just think about what I have mentioned above.
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Re: Should I still hold the investment or sell it?
I looked at the image that you shared, and it seems like you are holding around 0.004 BTC.For a newbie (I assume) that's a huge amount already, but I consider it a safe investment because you put it into Bitcoin.
I will not give you a definite answer to your question, but ask your self this. "WHY?" Why will you sell it? From that point onwards, you will make a decision that will work for you. If you want to hold your Bitcoin because you want to hold it for the long term then by all means, hold it. Now if you want to sell it because you need that money to buy something, by all means, sell it. It's that simple. It all comes down to why you are holding your investment.
You already said that you don't need the money, so I guess holding it until the bull run happens will be a good decision, but in the end it will depend on your decisions, and your "WHY".
First of all, I must say that the sale must have a purpose, that is, if you are going to sell your investment, you must sell it to use it for something urgent or needed. Apart from this, if there is no reason to sell, you should wait for your investment to become more valuable.
As @LogitechMouse said, it would be better to hold on to your investment until the bull run occurs. Of course, all decisions are yours and only you are given opinions here. It's up to you whether you comply with this or not. I think it is not a good move to cash out investments when we are so close to the bull run.
If your goal is to sell your investment to buy Bitcoin cheaper, I can't say anything about it, the decision is yours. Maybe you sell now and buy more Bitcoin when the correction occurs. So anything is possible in the market and all decisions are yours. You just need to know the reason and purpose of the moves you will make.
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.
Understanding what you choose is a difficult choice to make, especially when it is directly related to the money we will place in investments. You need to look at some dibitcoin events and cycles that will give you answers to all your doubtful questions about holding onto bitcoin. Investing in bitcoin is actually quite simple, buy and hold bitcoin because we will see its ability to maintain the value of the money we place. The problem is if someone doesn't have the knowledge and most of them suffer losses not because of bitcoin but because their knowledge is incomplete.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.
Bitcoin has periods of downs and ups, this will continue to influence its journey, but when people understand it they just need to wait for the period they want. It's the same as when you buy bitcoin when it is going down and when you want to sell it you will definitely wait for the period of increase. You don't need to think about many things because the most important thing is to focus and don't panic because calm is the key to success in bitcoin.
I don't need the money anyway, if I sell my investment now I have to deposit this money in the bank again.
All the questions are answered and you made a strong case for why holding is much better than selling now, right? 
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Re: Should I still hold the investment or sell it?
I looked at the image that you shared, and it seems like you are holding around 0.004 BTC.For a newbie (I assume) that's a huge amount already, but I consider it a safe investment because you put it into Bitcoin.
I will not give you a definite answer to your question, but ask your self this. "WHY?" Why will you sell it? From that point onwards, you will make a decision that will work for you. If you want to hold your Bitcoin because you want to hold it for the long term then by all means, hold it. Now if you want to sell it because you need that money to buy something, by all means, sell it. It's that simple. It all comes down to why you are holding your investment.
You already said that you don't need the money, so I guess holding it until the bull run happens will be a good decision, but in the end it will depend on your decisions, and your "WHY".
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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 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.
It would be good if you didn't sell your investment at $38k, considering that Bitcoin's price could rise very high and could even surpass its last ATH. But the decision to keep holding your Bitcoin or sell your Bitcoin now will still be your decision. We can advise you to keep holding your Bitcoin, but if you have a sudden need that requires you to have money and requires you to sell your Bitcoin, we can't do anything because it is your Bitcoin. You are responsible for investing in Bitcoin.
But because we already know that the price of Bitcoin can increase very high, this is what makes investors still hold onto their Bitcoin. They want to keep waiting for the moment when the Bitcoin price reaches its new ATH price and sell it at its new ATH price. They want to make big profits again like before. They even continue to accumulate more Bitcoin because they see that the current price is still low compared to the increase in Bitcoin prices in the future.
And if you don't really need money right now, it's better to leave your Bitcoins in your wallet. You can continue your investment regularly until you can collect more Bitcoins. You can also wait for the Bitcoin price to reach its ATH price.
But because we already know that the price of Bitcoin can increase very high, this is what makes investors still hold onto their Bitcoin. They want to keep waiting for the moment when the Bitcoin price reaches its new ATH price and sell it at its new ATH price. They want to make big profits again like before. They even continue to accumulate more Bitcoin because they see that the current price is still low compared to the increase in Bitcoin prices in the future.
And if you don't really need money right now, it's better to leave your Bitcoins in your wallet. You can continue your investment regularly until you can collect more Bitcoins. You can also wait for the Bitcoin price to reach its ATH price.
Sell or hold it any longer.!! Only you can make the best decision. If you feel you bought at the right moment, you have to wait until the Halving moment occurs to get a bigger profit. Your expectations must be in line with your goals when deciding to invest in Bitcoin. Don't rush into making decisions, you have to be more patient until the goal of getting big profits is achieved.
You can get peace of mind by finding out the history of Bitcoin movements in the past. The fear that has been within you all this time because you are unable to withstand losses, this kind of feeling is often experienced by investors who have just started investing in Bitcoin. Calm your mind, wait until the Bitcoin Halving occurs, you can sell it feeling happy because your goal has been achieved.
You can get peace of mind by finding out the history of Bitcoin movements in the past. The fear that has been within you all this time because you are unable to withstand losses, this kind of feeling is often experienced by investors who have just started investing in Bitcoin. Calm your mind, wait until the Bitcoin Halving occurs, you can sell it feeling happy because your goal has been achieved.
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. 
I don't need the money anyway, if I sell my investment now I have to deposit this money in the bank again.
Do you feel that keeping your money in fiat is better than keeping it in Bitcoin. Well I don't know the angle you are coming from but if I were in your shoes, I won't cash out just now that the bull market is preparing to start. Besides, keeping your money in fiat will expose the money to inflation that is not showing any mercy globally. I will leave my money in Bitcoin any day any time. You already mentioned that you don't have any need of the money now so I'm wondering why you will decided to sell now. I used to think that people who are anxious to sell their Bitcoin are those who do not make provision for there needs through other means; those that feed from their portfolio. Maybe I was drawing hasty conclusion.
Hodl and accumulate late more to your Bitcoin trades, keeping holding as long you don't plan using the money yet. You should be concious so you don't regret the second time at when you missed to invest when the coin was at $26 which you failed to invest at then and now You have invested and has hodled a few short term and has made an impressive rate of profits which is propelling to you exaggerating to sell.
I basically don't know how long you can keep hodling but if you are mean to hodl as much, then divert your investment on a long-term run where you could stick to a merit pro-incomes comparing to your current rate.
But must understand that Bitcoin is a volatility digital currency that is experienced with fluctuations but has every tendencies to advancing due to its demands rate that is embraced in the market.
I basically don't know how long you can keep hodling but if you are mean to hodl as much, then divert your investment on a long-term run where you could stick to a merit pro-incomes comparing to your current rate.
But must understand that Bitcoin is a volatility digital currency that is experienced with fluctuations but has every tendencies to advancing due to its demands rate that is embraced in the market.
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.
In this case, investing in Bitcoin is basically feasible for both the short term and long term. Some people choose to keep holding their Bitcoin until their price target is reached or until the next few years, or until at least the bullish era next year. However, some people also do this as a short term investment by taking profits when they have reached a certain profit target, then buying again and holding for a short period of time and taking profits again, and so on.I don't need the money anyway, if I sell my investment now I have to deposit this money in the bank again.
but what is certain is that Bitcoin is a very valuable investment, which will most likely experience a significant price spike in the next bullish era. So, if you don't really need money and you don't really understand short terms or trading, it would be better if you continue holding, at least until the bullish era after the Bitcoin halving. There is no 100% guarantee, but usually this will increase significantly. be patient and don't panic about anything that makes you afraid or worried.
He turned 100 into 150. If he sells the 100 and keeps 50 in btc he can not lose.
He needs to stop overthinking this. It almost no money at all and he said he does not need the money he invested. I see very shaky hands in him.
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.
In this case, investing in Bitcoin is basically feasible for both the short term and long term. Some people choose to keep holding their Bitcoin until their price target is reached or until the next few years, or until at least the bullish era next year. However, some people also do this as a short term investment by taking profits when they have reached a certain profit target, then buying again and holding for a short period of time and taking profits again, and so on.I don't need the money anyway, if I sell my investment now I have to deposit this money in the bank again.
but what is certain is that Bitcoin is a very valuable investment, which will most likely experience a significant price spike in the next bullish era. So, if you don't really need money and you don't really understand short terms or trading, it would be better if you continue holding, at least until the bullish era after the Bitcoin halving. There is no 100% guarantee, but usually this will increase significantly. be patient and don't panic about anything that makes you afraid or worried.
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’re saying that selling will take the money back to the back then what’s the essence? The bank you speak of, how much interest do they give you? I understand that because of volatility, the price of Bitcoin isn’t always on our side. However, you need to consider that even though Bitcoin won’t double/thriple in value overnight, it has the potential to do so anyways. So why not let your wallet simply be your bank? (At least the one you completely have control over?)Volatility can be very favorable, ease of use, quick and borderless transactions, etc. F the bank and keep on with the hodl.
There is no need of selling whatever investments you have now especially for cryptocurrency ones. In few months coming, the Crypto market would in in the bull trend and people who are lover and investors of cryptocurrency would be at higher level of making profits from the market. The Crypto market is huge especially for those of us that have both Bitcoin and altcoins investments. We should be planning ahead of what the market is going to display and we should not be too greedy or else we might loses big.
Planning ahead is what people fail to do because they feel the market has presented an opportunity for them to actually sell off their coins before the big pump even come by so am not surprised that the market is going to be filled alot that are actually pulling off their coins instead of waiting to see if the real bull market is actually here as I believe the market is still growing and pulling out your coins. 
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.
Thats a big expectation. If this was few years back, maybe there could've been life changing moment with the $150 worth bitcoin. Now things were different and the market have widened. It isn't easy to make big money out of small investment. Maybe this kind of money could turn big on altcoins. Those are completely a gamble. Anyhow considering the upcoming year it is good to hold. Sp focus on earning money first and then start worrying about investments.
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.
Sp focus on earning money first and then start worrying about investments.
while that it's good that you went and invested in Bitcoin especially during relatively earlier times it seems like you did without planning too well about it
what is your purpose for investing? do you need the money right away for something or you can live as your money grows steadily?
you weren't too confident about your investment and there's no point in dwelling but that was your first mistake
you're the one who can decide for yourself what i can tell you is the price of Bitcoin will continue to go up from here especially with the coming of halving so do whatever you want with that information
what is your purpose for investing? do you need the money right away for something or you can live as your money grows steadily?
you weren't too confident about your investment and there's no point in dwelling but that was your first mistake
you're the one who can decide for yourself what i can tell you is the price of Bitcoin will continue to go up from here especially with the coming of halving so do whatever you want with that information
Surely knowing little about bitcoin won't help you much in terms of researching it yourself and accepting the results of your actions. With what the OP shared, I just want to wonder if you understand investing and gambling? As I see it you may have bought at a good price at the time, but skepticism is only replaced when your BTC makes you a lot of fiats. In fact, it's like gambling. When you don't understand, try to explain. I don't have advice on holding or selling, but I think you should take the time to research the market, including the coins future directions and events that may influence them.
Good luck with your crypto journey!
Good luck with your crypto journey!
First of all, it's your choice; it's your decision that will be followed honestly. If I look at the timing of your purchase, it's also a good choice, so you have an income that you can say you know.
But anyway, the only thing wrong with what you did was that you did something that you knew within yourself that you still had doubts about, yet you continued. But, despite the fact that you feel that way, you somehow made a profit, and thank God for that. Here's my advice to you: just start now, and if you see it grow, why don't you continue holding it until next year until the Halving comes? Then sell it first. Who knows, the amount you showed could be x5 or that's more.
But anyway, the only thing wrong with what you did was that you did something that you knew within yourself that you still had doubts about, yet you continued. But, despite the fact that you feel that way, you somehow made a profit, and thank God for that. Here's my advice to you: just start now, and if you see it grow, why don't you continue holding it until next year until the Halving comes? Then sell it first. Who knows, the amount you showed could be x5 or that's more.
at the end of the day, it is him that will decide what to do with his money. he can read all the suggestions and opinions by others but he needs to assess why he is into this volatile market and his financial capabilities to hold such asset.
no one should dictate the OP's decision as he alone knows his financial status towards this kind of investment. as no one can predict what will happen next, everyone is just speculating on what will happen to this market. and so the decision should come from the investor himself because it is his money at stake. if you failed, no one will return your losses. so just think about it.
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