Topic: Wetin fit make an experienced Bitcoin hodler to sale during bear run? (Read 137 times)

The only thing I know that make an expirenced investor to sell his accumulated bitcoin during bear season is as follows :

1) having a financial constrain that is bigger than his reserved fund.

2) not having a proper investment plan.

3) having a contract that will give you X2 or x3 profit of your investment in bitcoin, so pulling it out and sell to do the contract, after making the profit of 2 to x3 then you might decide to use 2 portion of it to invest in bitcoin and use 1 for other purposes or you may invest all to bitcoin.

4) not being able to withstand the amount of dip, just like some people may have bought Bitcoin some weeks ago maybe at the price of $60k and btc has risen to $75k and dip down to $63 to $62 if it forther dip below the $62k down to $55k some investors will panic and sell to watch how dip it may fall before they can buy again because most people may not allow their btc holdings to dip below there expectations which they have set.

I no get merit chaii I for give you merit. Greediness too much and I don dey see am from many people. And di funny thing be say there are too thing or fundamentals dat we need to consider. And di number one na di appreciating of di naira. And someone don tell dis too and I also reason with am. As di naira dey appreciate you holding sef dey reduce di matter Bitcoin price go up well well di amount of Bitcoin wey u get go reduce well well and Bitcoin na something be say u no know wen him go come down and when to go up. So all those people we dey think say na di All Time High dem want sell their coins. Ah let dem calculate well oh because the unprecedented nature of Bitcoin and the uncertainty of the naira to disappoint dem.

Me I dey check everything very well. And those wey shey dem want sell at ATH no wahala but they should not blame anyone but themselves.

Reasons yakpa o. Wen sapa don hold investor and creditors begin knock for door and call without stopping, investor or trader wey no get mind fit rush sell despite the bear season. E no go even think twice because as na em start the investment from scratch, the believe go still dey say e fit do another one o.

Also, e fit be say the the experienced HoDLer meet one kind opportunity wey e no want make em pass by, hence them fit liquidate small BTC asset to diversify the investment to contain the new opportunity wey him meet so .

Well life is two sided mostly in terms of challenges life threaten, can hit any body at any time mostly once it has to do with unforseen circumstances, you can have saving or other investment that can't solve your problem, mostly if it's something that want to take your life you first recover from it by doing everything possible either by selling any property  that worth saving your life.

But some reason is poor planning and inability to focus  on the future rather the present are courses of selling, some people has issue once it comes to decision make they are always push by any move despite their level of experience what matter in the is how confident can you be in self control in any market move.

what you are looking at as bear run might be a bullish for other depending on their Bitcoin accumulation journey. Depending on the worth of Bitcoin at the time your bought Bitcoin, this current value of Bitcoin could be your bear season or bull season.

Let's take for instance you bought when Bitcoin was at $30k and your plan was to hold up till it gets anywhere around $60k before selling, the current $67k is obviously in your profit region and if you decide to sell now you're still okay, even if Bitcoin gets to $100k and dumps back to $70k, it might appear as though it went bearish too much during that $70k but considering it rate at the time you bought it, you're still better off selling at that price rather than  waiting till it gets to the speculated $150k price.

In general, people sell off their holding either because they have reached their goal, they have an emergency that's too demanding and that thier emergency fund can't sort out  or a new ATH is too high that they aren't sure Bitcoin can go further and so it will only be reasonable for them to sell at that period to maximize the best profit out of their investment. But if you've sorted out how to effectively manage your emergency funds, it's going to be deficult to sell during a bearish period to be honest.

Actually for Bitcoin no go fit reach that prediction height again. Even when people dey talk about say e go reach $150k my say was just between the range of $80k-100k and I know it might not take place now, but there is still a bull run after the price correction after the halving. Even it the $150k go happen, no be now, as we don already dey too close to the halving which will definitely lead to price correction. So after now the price of Bitcoin go drop like water, but those wey know wattin them put their money into, no go sell their coin. Reason why Bitcoin expert fit sell em Bitcoin, maybe e don reach e profit target wey e put for mind before e start the investment, or something don choke am, wey need money to take control.

If you look at the question very well you will understand that this is not about planning. This person is an experienced bitcoiner who has invested for many years and has successfully hold and has been holding. Sometimes when the reality of life hit you, you will understand that there is difference between what we preach and what we practice. For me the only condition that should make an experienced bitcoiner to sell during the bear season is on health ground. When we talk of health ground we are talking about terminal illness that requires lots of money and your emergency funds are not able to handle it. You have tried to borrow from other sources yet no way and selling bitcoin is the only option available. When a situation that involves life and death and you are sitting on the fence and you have no other choice but to sell bitcoin in bear season. This is the only criteria that should make an experienced bitcoiner to sell his bitcoin in bear market.

There are absolutely technical bitcoin investors who understands this crypto market best on their own criteria of analysis of selling at the bear, hope on the halving to reinvest and hodl against the bull run.
If you ask me Op, I'll say they want to make profit at the certain little increments of bitcoin and strategically, they tends to acquire and save more money to accumulate more than they formally hold.

Na only life and death matta fit make person sell wetin him buy 30m for just 5m based on say no oda hope for d person but still e fit be same thing wey go affect pesin wey hold bitcon to sell am bicus even thou we dey do investment we no supposed forget about life matta since our investment na to take support ourselves wen d time don reach. Me na dat kind of woman wey be say if I dey hungry or I dey in need for particular thing I no fit hold money keep wey be say e get place wey d fund dey to take help myself go do wetin i wan do, if we get money and we no use am do wetin we wan do that one no be money again na because you go see important thing wey pesin suppose carry d money do based on say we no gree touch d money we go suffer ourselves join and at last we go still carry d money go treat ourselves for hospital this tin con make me anytime i dey need for sometin i no mind touch anytin wey me get to take sort the problems because na d reason why i get that tin for there.

This na better question wey you just asked here my friend, and the best answer to your question be say you see that same reason wey been make "Laszlo Hanyecz" back then in 2010 to trade 10,000 Bitcoin for mere 2 pizzas, go be the same reason wey person go see this period and yet sells his Bitcoin, because truth be say though we are approaching Bull market of Bitcoin, people get basic needs to address, and as such they no go wait till Bitcoin crosses $100k before they solve a small family financial problem, or a life threatening problem that needs urgent fund. Because, one thing about Bitcoin be say na only person wey dey alive go fit invest in Bitcoin, so hence, try as much to survive first, before thinking of reaping either 5x or 10x of a Bitcoin investment.

No be really say a Bitcoin hodler wey sell now get financial need. In fact e no financial need but target. Usually by this time, in the past when institutions never begin hodl firm to btc and when the adoption never reach like e be now, when halving don dey close the price dey drop but that never really happen now rather since few months ago the price just keep increas even enter $73k or so

So I believe say investors still dey feel say price go drop before halving proper and as e don begin drop already some people still dey take the opportunity to dump and expecting say dem go buy more from below and it is risky because the price fit no go down as they expect as everything don change with bitcoin movement for this season.

Make you no call this time bear season, na correction wey just dey happen, we dey expect full bull to happen soon.

I know say na only on urgent and important matters an experienced Bitcoin investor go fit to sale during bear run wey price don dip reach rock bottom, because e no go make any investment sense for anybody wey don de hodle throughout bull run to sale at a lose. Except as you talk say maybe im owe dept wey deadline don reach to pay and no oda choice but to sale at a lose to repay di loan, or as Barikui1, talk say e de important for Bitcoin holders to get sources of income so dem no go touch dem investment during bear run. So in essence, Bitcoin investors wey no get sources of income go sale at anytime wey money scarce and no hope to get from oda sources.

Normally those that didn't plan well ahead, would definitely sell their investment at the wrong time when e never yield them any profit or when they are in less profit. When I mentioned planning I mean to invest in ways that would prevent them from seeing their investment as the only means to survive, leading them in withdrawing without any options. That why one need to always set aside an emergency funds to sustain him or herself , by using their emergency funds for solving expected and unexpected expenses without tampering with their holdings. And if one know that his not that financially stable he or she should avoid lump-sum buying, but rather using DCA strategy.

I guess say na greedy go make such hodlers not to sell their BTC during bull run than to sell d BTC during bear run, if u look at d bull run in dis season very well u go no say anybody wey missed dis Bull run na greedy caused it because d price break to ATH that will help dem to make cool profits but dey ignored it.

I used d opportunity well, wen d price hit $73k to earn from market but some of my friends say i still dey behave like a newbies who never experience bull run before but as e stand now dey dey praise me say I used my opportunity well, but dey are still hodling their BTC if d price will still return back to $70k or $73k for dem to take profits.

To tell you the truth, wether experience or not, if as a Bitcoin investor, you no get any other source of income or emergency fund, when pressing financial needs arise, bro, you go sell ur holding wether you like it or not.

For this business, to buy na different thing, and the ability to hold without selling na different thing all together, so in other to hold effectively, it's best you have a source of income or and emergency fund to sustain you during the rainy days.

Bitcoin investors who sell during bull run are those who go aggressively in investing in bitcoin with all or almost all of their funds on bitcoin and during the bear when they have some needs for money especially something unexpectedly they opt to sell in order to meet their needs and this is the reason is always advisable to have an emergency funds.
This is not just only to bitcoin investment but every investment, we ought to think of our means of survival and that's why we can't put of our funds on an investment.

Also another thing that can affect these investors is when they take loan to invest in bitcoin and then unable to pay back during deadline and so won't have any other choice than to sell

We de expect a Bitcoin bull run wey go give investors massive ROI, and indications still de strong say Bitcoin price go reach new ATH of up to $150k for di peak of bull run. Despite say price pump pass over $70k, and now e don dip to $65k, so investors wey get faith say di massive bull run go still happen, go use di opportunity of dis dip to de accumulate more, because na during price dump be di best time to buy dis valuable asset.

Bitcoin bull and bear seasons don use im hand take solve di equation of di best times to buy and sell am, so im follow basic economics principle, buy cheap during bear run, wen supply pass demand and sale high price during bull run wen demand pass supply.

I just sidon dis afternoon come de reason wetin fit to make a Bitcoin investor wey get di knowledge of how di Bitcoin cycle de work to sale during bear run, because i feel say no be clear eyes for investors wey know wetin de to sale during bear run. E must be strong financial need wey go make experienced investors to sale during bear run. Abeg which reasons una feel say e go make experienced Bitcoin hodler to sale during bear run?