Everyone certainly has different aspirations in this regard and it is certain that I personally cannot publish regarding this matter, but what is certain is that when I get profit from my investment I will use it to make my economy more developed.
but of course holding and holding btc is not an easy thing because there are always many obstacles.
I hope our investment goes smoothly and successfully.
Topic: What is the best opportunity to harvest your hodl results? (Read 333 times)
There is no right or wrong answer to this question. Deciding when to spend bitcoin is completely relative to your own circumstances.
Personally, I plan on buying some things like a van to travel all over the US, some land, probably a house, a workshop, and not much else unless I really need to or I feel that the price will continue to climb much faster than I could possibly spend it. Hopefully, I will have some family members who can inherit whatever I choose not to spend in my lifetime.
It's important to remember that bitcoin is the means to an end. It is not the end itself. I will focus on using it to achieve the highest level of freedom, happiness, and purpose that I can during my time here on earth. Beyond that, not much else matters to me.
Personally, I plan on buying some things like a van to travel all over the US, some land, probably a house, a workshop, and not much else unless I really need to or I feel that the price will continue to climb much faster than I could possibly spend it. Hopefully, I will have some family members who can inherit whatever I choose not to spend in my lifetime.
It's important to remember that bitcoin is the means to an end. It is not the end itself. I will focus on using it to achieve the highest level of freedom, happiness, and purpose that I can during my time here on earth. Beyond that, not much else matters to me.
Even though we have set targets to harvest results from long-term investments, maybe in the middle of the road you still need to make adjustments. If you don't have a reserve budget, then of course you have to sell some of your investment to cover the needs regardless of the reason.
Some will make adjustments for family reasons, health reasons, needs or something else on an urgent basis. So you shouldn't be rigid about something like that, but if you want to avoid such things then of course you should prepare a reserve budget before investing. This is important, so sometimes adjustments are also necessary.
Some will make adjustments for family reasons, health reasons, needs or something else on an urgent basis. So you shouldn't be rigid about something like that, but if you want to avoid such things then of course you should prepare a reserve budget before investing. This is important, so sometimes adjustments are also necessary.
I see like a lot of mess is going on around. That is why my question stands. Should it be family reasons? Will you buy a new house/island? What is your answer to the question?
We have our own individual reason when to reap our investment and benefit from it. However, for me, the best opportunity is when we see the market as well is in profits. That means we have to sell too so we can feel how its like to have an investment that paid off. Although some would stick to long term hodling forgetting their target price to sell, but if we stay rational, the market is highly unpredictable that’s why we have to take advantage everytime there is an opportunity to sell and make profits, rather than end up regretting because they missed an opportunity to be in profits.this is easier than done actually. When you’re in profits with ypur investments you’ll get in to a paradox of confusion to which is the best thing to do. Will you take your investments out even there’s still a greater chance for more reward your ratio, or you’ll be holding ontu it with the risk of having lesser profits because you might get out of your investments late.
future plans about it is easy. you can use it as aretirement plan, reinvest for dividends, buy lands or real state, or even openning up a new business.
I see like a lot of mess is going on around. That is why my question stands. Should it be family reasons? Will you buy a new house/island? What is your answer to the question?
I’m not a die-hard bitcoin hodler, for me Bitcoin hitting $200k will be a good time to sell a large part of my hodlings, that’s a long target which may not be realized in the next five years but that’s my goal. I have a stable source of income and other investments so I don’t need to touch my bitcoin savings in cases of emergency, I have other options and resources I can use to maintain a standard lifestyle. SatoPrincess summarised very well the best strategy. Of course, in order to be able to do that, you have to cover your needs first (a house, food, basic services) and, unless you were born in a rich family, you should focus on alternate means of income so you don't have to care about selling. That is the easiest way to have strong hands.
In the last decade, holding for just a few years was enough, but as the market matures that practice has become a long distance race, and most investors will stay by the wayside sooner or later if they don't plan any provisioning.
I see like a lot of mess is going on around. That is why my question stands. Should it be family reasons? Will you buy a new house/island? What is your answer to the question?
We have our own individual reason when to reap our investment and benefit from it. However, for me, the best opportunity is when we see the market as well is in profits. That means we have to sell too so we can feel how its like to have an investment that paid off. Although some would stick to long term hodling forgetting their target price to sell, but if we stay rational, the market is highly unpredictable that’s why we have to take advantage everytime there is an opportunity to sell and make profits, rather than end up regretting because they missed an opportunity to be in profits.That true, sometimes we have to be wise and prudent in looking at market conditions by making adjustments even though many suggest long-term Hodl gives maximum returns in investing in this acrypto world. Yes. The opportunity is always there, at least as you say. if selling temporarily and buying back in minimal break even conditions. I think it's a very normal thing and there's nothing wrong with getting some better benefits.
I see like a lot of mess is going on around. That is why my question stands. Should it be family reasons? Will you buy a new house/island? What is your answer to the question?
We have our own individual reason when to reap our investment and benefit from it. However, for me, the best opportunity is when we see the market as well is in profits. That means we have to sell too so we can feel how its like to have an investment that paid off. Although some would stick to long term hodling forgetting their target price to sell, but if we stay rational, the market is highly unpredictable that’s why we have to take advantage everytime there is an opportunity to sell and make profits, rather than end up regretting because they missed an opportunity to be in profits. When you set out to make an investment you definitely have the target you aiming to reach, this is not questionable, personally I started with a target but along the line the target increased then finally I just choose to be a Bitcoin enthusiast and it's always worked for me.
In the cryptocurrency market many times we don't get away with our plans exactly as planned while investing. While we have made our investment plans and target on thia side the market on the other side is giving us a different plan ofnits own. So it's all left to you the investor to know the right moment that turns out to be profitable to you based on your follow up analysis to consider when to exit the market with whatever profit that meets your plan or close to your target. I see like a lot of mess is going on around. That is why my question stands. Should it be family reasons? Will you buy a new house/island? What is your answer to the question?
The best opportunity for that is to buy during the last decline, of course if you have more reserve funds and try to hold it until the time comes. Yes. It is undeniable that there is a fear that prices will drop again. but, look at the drop rate as well. if necessary, place a stop loss if the correction continues to decrease sharply. If not we have won one step this time. just waiting for the time. So. what is there to worry about. Relax, be happy and win, that's all I think about the concept and all you have to do is make your wishes come true one by one.
What’s the “whole bitcoin strategy”? I’d love to hear it,
If you study how the market works and its volatility - you may be able to have more bitcoins even without an extra budget. Try to take a simple approach - I mean that you can sell bitcoin when the price goes up high because they are pumped at one time, and you can buy again when the price corrects, especially when the market is over bought.It just looks only in theory, in practice, the desire to increase the number of bitcoins usually ends with the fact that after the sale of BTC, its price increases and it continues to trade at a higher price. In this case, you can only watch how the price of bitcoin increases, or you will be forced to buy bitcoin again at a price that exceeds the sale price.
I see like a lot of mess is going on around. That is why my question stands. Should it be family reasons? Will you buy a new house/island? What is your answer to the question?
Take it or leave it, there is always going to be problems in our world and in your world (your physical locality and family circle). If you let your issues be the reasons behind your taking profit or having to liquidate portions of your portfolio, you’re sure to end up sooner than later, not having a crypto portfolio at all. Even after that, you’re still going to have these issues.There isn’t a better reason that would necessitate one liquidating their crypto portfolio other than, you’ve got no other source or option in the satisfaction of an immediate or emergency need. Investments might count but, you would as well deem it more profitable and sustainable than you would have had in cryptos.
I see like a lot of mess is going on around. That is why my question stands. Should it be family reasons? Will you buy a new house/island? What is your answer to the question?
The answer obviously depends on you, but the important thing here is to always set your goal for example set a market price target where you're going to sell or set a goal that you're going to buy like for example a house if you sell your Bitcoin. If you strategize your entry and exit in the market you could potentially earn more compared to when you're just going to buy and hold forever and doesnt know when you're going to sell holding for years. I mean we have a bear and bull market and everyone could take advantage of that cycle but this is still a long-term investment.
So if the market price reach 100k$ are you going to sell at that point? or you're going to wait until it reaches 200k$ or even a million dollars. I mean it's not a bad idea since you're not going to lose if you're not going to sell, But it's always better for every investor to always take profit, so I guess if you think that you have a fair or great amount of profit always maybe if already time to sell and take profit. Because you could easily reinvest and get another opportunity in the future.
IWhat is the best opportunity to harvest your hodl results?
When bulllsih era is coming, when it passes the previous ATH, I will start to set my target price. I decide not to all in one price rate because I am sure that I will regret of higher price. So, I will start the price to take profit in the next bullish era at around $70k and more higher setahun. Yeah, it is like doing DCA when in the bearish, I will also di the same to minimize the Riska in selling Bitcoin. ...Should it be family reasons? Will you buy a new house/island? What is your answer to the question?
I hope to but a new house and a new vehicle. Is it too higher for me? Of course it is. But this is a hope.
You covered three factors in your post. Money Management , Risk Management , and the third is Time Management .
This doesn't matter where you are investing. The thing is that how you are investing? Is there greedness interfering? Like you said if anyone has a mind set that he/she will book his/her profit at double of its investment so if he/she will do it same according to its mind set so he/she will get the profit. Otherwise he/she can face losses.
If anyone will understand these three factors which mentioned above and will invest and harvest profit according to these factors so he/she will not face any loss.
Thanks for the appreciation dear ThemePen, your words are less but covered the whole story here. But I must say achieving all these three skills in a shorter period of time is impossible but might become possible if you are smart as Einstein (hehe) maybe he would also not be that smart in trading/crypto. This doesn't matter where you are investing. The thing is that how you are investing? Is there greedness interfering? Like you said if anyone has a mind set that he/she will book his/her profit at double of its investment so if he/she will do it same according to its mind set so he/she will get the profit. Otherwise he/she can face losses.
If anyone will understand these three factors which mentioned above and will invest and harvest profit according to these factors so he/she will not face any loss.
Sometimes, the sentiments of markets are not in your favor from the scenarios I mentioned, what if the rates of house/land are high when you booked the profit or lower when you are in the loss on your holding? Or there comes a family situation in which you have to book the profit/loss to cover the expenses. I pray no one too has to face these situations but a person who will have good skills in all of these will definitely come up with an idea to deal with it and that will prove his skill set well.
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You know, most old and experienced Bitcoiners usually say that Bitcoin is the best investment one can ever have. I agree with such a saying, but before or after Investing in Bitcoin, we must really have a goal for investing in Bitcoin. When you think the time to archive your goals has come, you can harvest your holdings and use the money to archive your set goals. We all have different goals that we wish to achieve with the money we have. For example, if I buy BTC3 now and I want to buy a house that is about $100k, I can decide to hold my Bitcoin till the price gets to $100k, then I just have to sell 1 to archive my goal at that moment, while I will still have 2 Bitcoin that I have planned to sell maybe at $180k or $200k to use the money and archive another goal. that's it.
Cheers 🥂, Dr.Bitcoin_Strange 👺👺
Cheers 🥂, Dr.Bitcoin_Strange 👺👺
There's a lot to consider when you want to become a long-term asset holder, and I don't think it's as simple as we think. Sometimes I imagine a difficult situation that could make me change my plans. I have to prepare something from the start because of course some past mistakes related to investment have to be changed and we have to fix them.
However, you must be able to ignore the interference of other parties, including your family, when building a long-term investment portfolio. Don't involve them in much, you don't even need to involve them in investment decisions if you know they are not a wise risk taker. So when you want to profit from long-term investments, rest assured you have to be prepared and consider all the risk, and always improve your ability to manage the risk.
However, you must be able to ignore the interference of other parties, including your family, when building a long-term investment portfolio. Don't involve them in much, you don't even need to involve them in investment decisions if you know they are not a wise risk taker. So when you want to profit from long-term investments, rest assured you have to be prepared and consider all the risk, and always improve your ability to manage the risk.
A very interesting question.
I think that many of the older members of this forum, including myself, did not expect such a large increase in the price of bitcoin 8 or 9 years ago.
Our expectations then, around 2014, were much lower than now.
Honestly, I have long since covered my initial crypto investment, and have even used bitcoin for some other investments and diversification of my portfolio.
On that side, now I can keep my btc aside and patiently wait for further btc growth.
I have a clearly defined btc price, after which I will sell most of my crypto portfolio. Everything is now just a matter of time and patience for me.
Of course, everyone here has a different personal situation and will give you a different answer.
I think that many of the older members of this forum, including myself, did not expect such a large increase in the price of bitcoin 8 or 9 years ago.
Our expectations then, around 2014, were much lower than now.
Honestly, I have long since covered my initial crypto investment, and have even used bitcoin for some other investments and diversification of my portfolio.
On that side, now I can keep my btc aside and patiently wait for further btc growth.
I have a clearly defined btc price, after which I will sell most of my crypto portfolio. Everything is now just a matter of time and patience for me.
Of course, everyone here has a different personal situation and will give you a different answer.
The best opportunities that can be generated from bitcoin hodl are actually all the opportunities are almost the same. Because if you say it directly, basically all investors in bitcoin definitely want big profits, and the target for those big profits will definitely be different for each investor. So the opportunities that can be obtained, in my opinion it all depends on the initial goal of investing in bitcoin.
And I personally will definitely sell my bitcoin assets, maybe at the peak of the upcoming bitcoin halving. But with the condition that the bitcoin price can touch a minimum of $ 70k, because that is my target for the bitcoin hodl this time. Indeed, the target I want is not too high, but I will not let go of the opportunity. If the bitcoin assets that I have have a profit, I will definitely sell them quickly. Because I'm afraid if I'm too greedy, and I avoid that attitude.
So in conclusion, the opportunities that can be obtained from bitcoin hodl, the answer will definitely be different for every investor. But in essence they have the same goal. So you don't need to think about the right time, but every time there is a chance that your bitcoin assets will have a profit, sell them immediately.
And I personally will definitely sell my bitcoin assets, maybe at the peak of the upcoming bitcoin halving. But with the condition that the bitcoin price can touch a minimum of $ 70k, because that is my target for the bitcoin hodl this time. Indeed, the target I want is not too high, but I will not let go of the opportunity. If the bitcoin assets that I have have a profit, I will definitely sell them quickly. Because I'm afraid if I'm too greedy, and I avoid that attitude.
So in conclusion, the opportunities that can be obtained from bitcoin hodl, the answer will definitely be different for every investor. But in essence they have the same goal. So you don't need to think about the right time, but every time there is a chance that your bitcoin assets will have a profit, sell them immediately.
I see like a lot of mess is going on around. That is why my question stands. Should it be family reasons? Will you buy a new house/island? What is your answer to the question?
If that is the question, then the answers you will receive will certainly vary greatly. Because everyone has different needs and needs that are not always the same as other people, and I personally would prefer to buy what I don't have in life which can be very useful for me personally. Because the word harvest that you mean is of course to describe the big profits from the hodl. So that the designation is also for big and useful things such as for example a house or it could also be for agricultural land that can be used again to make additional income in life.
I will sell my Bitcoins when they reach over $100k-$200k because that is a very good price to harvest my Hodl yields. The profit will be huge even if we don't have 1 Bitcoin because we will get profit when the price is at its peak.
I may buy a new house or land as another investment. Or I'll buy gold as another long-term investment besides owning Bitcoin. And I would still buy Bitcoin if the price could drop drastically after it hit a price peak.
Each of us must have a target selling price so we will keep waiting until the price reaches the price we want. Buying when the price is correcting is the right time to invest in Bitcoin and it's okay if we wait until 3-4 years to reap the benefits.
I may buy a new house or land as another investment. Or I'll buy gold as another long-term investment besides owning Bitcoin. And I would still buy Bitcoin if the price could drop drastically after it hit a price peak.
Each of us must have a target selling price so we will keep waiting until the price reaches the price we want. Buying when the price is correcting is the right time to invest in Bitcoin and it's okay if we wait until 3-4 years to reap the benefits.
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