Topic: Should I still hold the investment or sell it? - page 8. (Read 1108 times)

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!


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!


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


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!

Believe it or not, if you invest in the crypto market, especially Bitcoin, my understanding is that now is not the right time to determine whether to increase the value of your investment.

If you make a decision to invest within a certain period of time, you must consider the passage of time you determine, don't be provoked by negative issues you see on the internet, You have to commit yourself to making a decision regarding your Bitcoin investment, maybe if you are a little more patient, maybe you will see positive results for your Bitcoin investment, rather than having to sell it.

For me, now is not the right time to make decisions about your investment, you should be patient and see the situation of the crypto market as it enters 2024, it's just a suggestion, but you have the right to make decisions regarding your investment assets, sell or hold them, I can only suggest, the decision is on your best side.

Since you don't need the money now, you should hold on to this investment. Because the value of Bitcoin will increase. Bitcoin price will increase from 50k to 55k this year. What you have invested and earned so far, will be many times more profitable if you hold on to this investment. Because the value of Bitcoin will increase a lot now. Its value will skyrocket in 2024. If you stick to this investment, you will achieve the biggest success of your life.

Right now, a lot of BTC holders are waiting upon the duration after the expected halving to withdraw their asset. The price now makes it a very hot asset to buy and more investors will be hoping more persons sell their assets inorder for them to acquire it chesper and sell after the halving and during the bull seasons that follows.

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.

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?

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.

Bitcoin is for longterm investment and the final decided is in your hand so it's better to choose wisely If you want to sell it or not but like what you said that you don't need money for now is that much better if you keep in investing but like what I've said it's all your decisions so you must  be wise.  Long term investment is you can gain more frofit the more you hold in king term the more money you gain  but it is to risky cause we all know that Bitcoin is volatile so there's a chance that the price will drop.

If I look at when you bought bitcoin for 25 thousand dollars, selling bitcoin now is not a bad thing. Because you will definitely make a profit. But if you sell the bitcoins you have and the money goes back to the bank, I think it's better to just keep the bitcoins you have for longer. Because if you save the money you get from investing in Bitcoin in the bank, it will definitely decrease over time. Therefore, it is better to hold on to your bitcoin assets for a little longer. Because if you look at the time, the bitcoin halving and bull run market will soon appear. So it is better to sell the bitcoin assets you own when the bull market occurs. Because the market price of bitcoin will definitely be more expensive.

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

but if he doesnt need the money, then he shouldnt worry about it on a daily bases.. he should think of it as retirement, put aside for a long while and only price checked once a year not daily

the only rule everyone can agree on as advice... never sell at a loss. if the price goes down. leave it aside, dont think about it long term and wait for the next market cycle

Nobody has a working crystal ball here, your investment might get to 30% of what it is in 6 months or go to 200% in a week, Bitcoin is unpredictable so everyone who will tell you some number here is just basing that on hunches and wishes.


Those two things contradicts themselves a bit, the rule for investment no matter what it is is to never invest more than you can afford to lose, seeing that you're losing sleep because of $150 in Bitcoin I would say neither investing nor trading is for you, sorry but this is the truth and I'm not going to sugarcoat it just for so I don't hurt somebody feelings.
This is not how long term investing works, you must be ready for price swings, you must take a 60-80% drop with ease and without sleepless nights, you must not need that money at any point in order to not be force to liquidate in a bad position, and so on.
If you don't need that money, just withdraw the coins to your old wallet and look at the price in a year or two from now on!

this topic should be in economics -> speculation

but anyways
now to really get you thinking
the choice is not just to hold or sell.. there is another choice.... sell part of it

personally i think you bought at the lower end third of the historic price range

so if you dont need the money. keep the whole coin.. however if you need some money you dont need to sell it all

lets say you only bought 0.004btc at $100 now $150
you could sell 0.00133 and take $50 to bring you back to still hoarding 0.00266 for $100 at todays price
which the $50 cash could be used to buy more then 0.00133 if the price drops again or the remaining 0.00266 gives more profits if the price rises further

From what you said, it shows that you don't have too much knowledge about bitcoin. So, first I recommend that you learn about the history and all the knowledge related to bitcoin, from there you will know whether you should continue to hold bitcoins or sell them.

My advice to you, bitcoin is a very good long-term investment. The longer you hold, the greater the reward you receive, but holding is not simple because of its volatility. That's why I ask you to improve your knowledge about bitcoin immediately instead of investing without knowledge like today.

Well, you're doing it wrong I mean, what answers you expect to get from a Bitcoin forum? 
So, I will start with the fact that you should decide for yourself. You should not handle your finances by random advises over the internet.

This being said, my opinion is to wait. There's a good chance you've bought in a pretty good moment, you know that there are big expectations for the following year.
Bitcoin halving tends to come with a bull run (or FOMO bubble) and a better strategy would be to wait until bitcoin price doubles (at least).
At that point you can sell some to get back the fiat you've invested so you have the peace of mind you need and stop asking this kind of questions. This is important because, if you read back, Bitcoin history has its bull runs, its bear market periods and also its "crypto winter" months; then this peace of mind will be very important so you don't chicken out and sell, so you can enjoy the future bull runs too.

Of course, I may be wrong; that's why you should decide for yourself.

https://www.talkimg.com/images/2023/11/25/NUjR9.jpeg
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.