Should I still hold the investment or sell it? - page 7.

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.

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.

Mate2237

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The topic has spoken for himself and if you like to sell at this time of the starting point of the bull market you are free sell them because everyone in this industry have different needs and different goals and aims so there was no need for you to create this thread. Because in bitcoin investment, everyone buy it at the lower (bear) market and hodle it till the bull market so if this is a bull market for your investment then you are free to sell and if even it is not your bull market and you have needs to meet up, you can still sell am.

You dont have to invest in bitcoin for short term investment but long time investment. If you are really investing in bitcoin and not a verbal or mere saying then the $38k is not the best time to sell and as you said, better rate is coming soon.

SatoPrincess

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Losing sleep over your investment is not a good sign that you’re confident about your decision. It also tells me that you can’t afford to lose the amount invested. I think a big part of your insecurities about Bitcoin comes from limited knowledge of how Bitcoin works and its potentials. I suggest you do more research and understand the Bitcoin ecosystem before making any more financial commitments in this space.

To answer your question, since you do not have immediate plans for the money I think it’s best you hodl.

uneng

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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.

If you don't need the money, why are you going to sell it? If you let your money idle at the bank in fiat currency, it's going to lose value within time for the inflation. It doesn't seem a good idea. It would be interesting if you were going to cashout this money to invest in something solid outside crypto universe. But since that is not the case, I guess the best alternative is to keep investing in BTC, so you can make it grow more yet, as Bitcoin price increases futurely.

Meanwhile, starts thinking what you want to do with the profit you are going to make. Trace your goals, so once a good selling opportunity appears, you already have a destination for your money that will be even more rewardable.

Ryu_Ar1

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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.

In this case I think you have to decide for yourself here because if you ask other people and that includes me, the answer is probably that you will be told to keep the investment you made and if necessary you should increase the investment made and wait until the profit is bigger.
But in the end you also have to determine whether you will continue to be in bitcoin or not because in the end if you feel that when you buy at $25k and the profit you get is enough now why do you try to continue to hold if indeed with that profit you are very satisfied.
But if you are not satisfied with that then increase your investment again and wait a few years until your goal in the percentage of profit is maximised.

_BlackStar

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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.

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.

Dr.Bitcoin_Strange

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OP, selling your bitcoin now depends on the urgency of what you intend to do with the money. It's true that Bitcoin prices can't be very predictable, but we are heading towards the Bitcoin halving period, which will definitely give rise to a bull market, and by that time, I believe that the price of Bitcoin will be more than the $38k range, and if you are lucky enough to hold your coin till then, you will definitely make a big profit compared to the little you will make now if you sell. If you are not sure about patiently holding your bitcoin until the next bull run, you can sell, but you will not really make much of a profit now. In fact, now is the time to still accumulate more Bitcoin if you have the money to do so.

philipma1957

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Quote from: Fiatless on November 25, 2023, 12:59:33 PM

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.

Every single investor has a target, so you need to have a plan for your investment. If you are comfortable with what you have earned so far, you can sell and make a little profit. But if you think you can bear the risk of keeping it's still a good choice because there are possibilities that the price of Bitcoin might appreciate. Keeping the money in a bank is not an option for me because of the high inflation in my country.

Quote from: philipma1957 on November 25, 2023, 12:20:36 PM

Assuming this is a legit truth from you. You need to sell all of it and never invest in any crypto of any kind.

My reasoning is simple if $100 turning into $150 makes you this anxious you do not have the ability to invest in anything that is volatile.

Leave the market and don't look at it any more it is not for you.

BTW this goes for stocks or metals. You simply are lacking the mindset to invest correctly.

I think the reason for his anxiety is because of the worth of that $100 to him. Some persons have to work for months to save such amount. The advice that one should invest what he can be able to bear in case of loss is important. Maybe he might be less apprehensive if he earns more and $100 become less valuable to him.

this if true means he broke the single biggest rule there is. He invested more than he can afford to lose.

Now if it is true. that he over spent and could not afford to lose 100. He should sell 100 and leave the rest. Because he would be losing 0 of what he began with.

The fact he has to ask these questions means he is on very shaky mental grounds as an investor.

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Quote from: Jegileman on November 25, 2023, 03:32:48 PM

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 are having such thought in your mind at this stage where you’ve barely has enough profit in comparison to what is forecasted to happen in the future, you are not someone that can handle emotions or handle the volatility of the market without having a sense of fear in mind about it.

If you will ask everyone in this forum who are bitcoin lovers, bitcoin investors or bitcoin traders, no one will give you the impression or urge to sell now because they know that what we are aiming at is far from what you’ve profited since you invested in the bitcoin.

You just have to change your mindset, trust bitcoin and have a long time investment that will be profitable for your investment when you decide to withdraw your money invested back. Profit is profit but when you are so sure that you can still earn more profit from an investment, you just have to be patient to achieve that for yourself.

he had waited this far already, a little more waiting wouldn't be so bad especially because there is something to expect like having and ETF approval. right?

he said it himself too that he doesn't really need the money so it's good to just let the $150 be in the form of BTC. since it will have a chance of going up than just $150. it could also go in the opposite direction but a small drop to $130, wouldn't matter when you enjoy learning how BTC works.

Jegileman

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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 are having such thought in your mind at this stage where you’ve barely has enough profit in comparison to what is forecasted to happen in the future, you are not someone that can handle emotions or handle the volatility of the market without having a sense of fear in mind about it.

If you will ask everyone in this forum who are bitcoin lovers, bitcoin investors or bitcoin traders, no one will give you the impression or urge to sell now because they know that what we are aiming at is far from what you’ve profited since you invested in the bitcoin.

You just have to change your mindset, trust bitcoin and have a long time investment that will be profitable for your investment when you decide to withdraw your money invested back. Profit is profit but when you are so sure that you can still earn more profit from an investment, you just have to be patient to achieve that for yourself.

Fiatless

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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.

Every single investor has a target, so you need to have a plan for your investment. If you are comfortable with what you have earned so far, you can sell and make a little profit. But if you think you can bear the risk of keeping it's still a good choice because there are possibilities that the price of Bitcoin might appreciate. Keeping the money in a bank is not an option for me because of the high inflation in my country.

Quote from: philipma1957 on November 25, 2023, 12:20:36 PM

Assuming this is a legit truth from you. You need to sell all of it and never invest in any crypto of any kind.

My reasoning is simple if $100 turning into $150 makes you this anxious you do not have the ability to invest in anything that is volatile.

Leave the market and don't look at it any more it is not for you.

BTW this goes for stocks or metals. You simply are lacking the mindset to invest correctly.

I think the reason for his anxiety is because of the worth of that $100 to him. Some persons have to work for months to save such amount. The advice that one should invest what he can be able to bear in case of loss is important. Maybe he might be less apprehensive if he earns more and $100 become less valuable to him.

philipma1957

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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.

Assuming this is a legit truth from you. You need to sell all of it and never invest in any crypto of any kind.

My reasoning is simple if $100 turning into $150 makes you this anxious you do not have the ability to invest in anything that is volatile.

Leave the market and don't look at it any more it is not for you.

BTW this goes for stocks or metals. You simply are lacking the mindset to invest correctly.

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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 should decide for yourself whether to sell your Bitcoin investment. Others can give advice, but they cannot make decisions for you.

However, I understand that you are looking for the opinions of others to help you make a decision. So here is my opinion:

I think you should wait. You bought Bitcoin at a favorable price and have great expectations for the next year. Bitcoin halvings tend to be accompanied by a bull run, so it's possible that Bitcoin's price will double in the coming year.

If the price of Bitcoin doubles, you can sell some to get back the fiat money you invested. This will help you feel more secure about your investment and you won't have to ask these types of questions anymore.

Of course, this is just my opinion.

Bushdark

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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.

Essential10

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I don't differentiate between small investor and big investor, he will invest as much as he can afford. It is always important to do your own research and make your own decisions when it comes to investing, as everyone's financial situation and risk tolerance are different. But I would recommend holding Bitcoin as it has shown long term growth potential. Keep an eye on the market and consider taking profits when the time is right for you. Ultimately, the decision is yours, markets can be volatile and making informed decisions based on reliable information is the key to successful investing.

AbuBhakar

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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.

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Quote

Should I still hold the investment or sell it?

If you invest in bitcoin but are always worried and do not have enough faith in it , I think it would be better for you to sell it. You should not invest if you do not really understand anything about it , it is more like you are gambling than investing. Not only with bitcoin but with any investment, you need to have knowledge about it before deciding to invest.

This is your money and you are the one who has to make the decisions instead of consulting other. Because if we advise you to sell and bitcoin continues to rise in price, you will blame us. If we advise you to continue holding but then bitcoin drops in price , you'll blame us too . You are an adult , you should make your own decisions.

bayu7adi

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dont be greedy

If you want to see your investment triple, you need to hold onto it for about two years. If you trust my words, go ahead and do it... if not, feel free to ignore me. Here, I'm just a netizen giving advice based on my opinion, and there's no blame attached. So don't be surprised if you end up feeling more confused when expecting the best advice from random people on the internet. None of us have financial advisor certifications, and no one possesses boundless knowledge about the future.

Some of this might factor into your considerations, but I'm sure there's still no guarantee it aligns perfectly with your plans. Just do what you need to do; as long as you're making a profit, you're fortunate. And if you incur losses, consider it a valuable experience.

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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.

The decision to sell or not sell it all up to you. However since you have asked for our opinion on this forum, the thing that you should do in my estimation is to take profit. If you are able to take profit and gotten back your initial capital investment you can put it in the bank while the remainder is left in your bitcoin wallet.Thisnisnyhe one you should hold. And if you care to increase your investment you can just DCA. We are expecting a bull run and having no Bitcoin investment is not advisable.

ajiz138

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You feel hesitant to invest in BTC then it's better to sell if it already feels profitable after all it makes you restless and can't sleep right? If you don't believe and think bitcoin is risky then leave it because it will only be a pressure for you especially if it's hard-earned money.

No one forces you all of that is in your decision. I invested in BTC because I have confidence that this coin will go higher so I will continue to HODL for a few more years, even I do DCA by spending every week on bitcoin because it is still at a low point, that most forum users are a HODL surely they will support rather than keep money in fiat.

Topic: Should I still hold the investment or sell it? - page 7. (Read 1080 times)