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Topic: What is the best opportunity to harvest your hodl results? - page 2. (Read 413 times)

hero member
Activity: 1778
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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?
Why be pessimistic when we are able to walk accordingly to produce houses and others from investment. Everyone who is investing must have a target they want to achieve and there is nothing wrong with trying to encourage themselves with the target of buying a house as the object you are discussing in the post. There is no need to be rigid in matters like this and people are free to make any targets for the investment they are living. I always plan to sell bitcoins when ATH arrives and always try to increase my purchases whenever I have more budget than my usual purchases.

But on the way, we also need money to fulfill our daily needs and that's why we also have to try to save a special budget for daily, weekly, monthly and yearly needs. So that on the way we don't need to sell bitcoin when we haven't reached the target we want and holding when we set long term and never sell before the target is reached.
legendary
Activity: 1134
Merit: 1598
I don’t think there’s a right way to do it. We have different lives and the same amount of earnings can change them in a different way.
  • You might want to help your family pay debts and get a better home
  • You might already have a pretty good economical situation in your family so your goal is to earn a passive income
  • You might want to diversify and not hold all eggs in the same basket

You name it. If you have 7 brothers and all of them borrowed money to buy a house, it may be more worth it ton the long run to help them out before looking for a passive income - as I said, the situation is different for each of us.
legendary
Activity: 1050
Merit: 1100
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?
Everybody will have their personal view concerning this question because we have different investment or hodling plans. I am concerned about harvesting profit when the price appreciates but I am more concerned of keep hodling for the future. Some of us might not be able to buy Bitcoin in the future if we sell everything coin we have kept. Family issues or buying a house could be a genuine reason for selling but it is important to treat your Bitcoin hodling as an important asset to avoid regrets. I have seen different stories of people that are regretting that they sold their coins prematurely. I might consider selling my coin to buy a house if it will help me save more or give me more money to buy more Bitcoin.
mk4
legendary
Activity: 2870
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There's really no one answer to your question. But personally, simply if I need cash, or if I have a better investment idea. That's pretty much it — regardless if it's another cryptocurrency, a stock, a business, etc.


I see like a lot of mess is going on around.
What mess?
hero member
Activity: 938
Merit: 765
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If you are asking it for yourself then it depends on the target you aim for. Because many just want to double their money in holding it and when they achieve the target they just harvest it. And definitely, most of the holders become greedy when they see the profit is keep rising and many end up with nothing. That's why it is necessary to make a mindset before holding off any asset.

You asked to harvest holding for buying a house, or land, or due to family reasons, which also depends on the emergency and good entry points. Like take an example, you are earning double on your holding and you know, this is not the current time to buy a house/land and there is no family reason but you also knew, that the market will never reach this point again in the next 3 to 4 years and you can not wait for that longer. So, the simplest thing you will do is harvest your profit.

There is another scenario too, in which you knew the house/land rates are decreasing and at the same point you are making the same profit then the answer will be, booking the profit to buy the land so that land could also make you profit because you have bought it at a lower price.
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.
legendary
Activity: 2268
Merit: 1379
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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 its actually needed the time the market is up. You must sell something that should be sold already cause market sometimes go down pretty hard. Not all times we have bull and has to experience bear. Most folks sell on their losses due to panic and when it goes up they fomo cause they dont wanna left behind. See how peoples fear and uncertainty did? Well for whatever reason it is, sell but always remember to invest only you could afford to lose so you arent rushing anything to dump when you are out of money.
legendary
Activity: 1372
Merit: 2017
As noted above, the answer to the question depends on several factors, especially one's particular situation and the reasons for buying.

Generally speaking, I would say that we should never sell or spend all of our Bitcoin. In general, unless you have a lot of money to buy an amount that you consider sufficient, it is normal to accumulate little by little, doing DCA or any of its variants, and in bull markets you can take advantage to make profits and enjoy them, but keeping the global perspective in accumulating the best tool for economic improvement that we have at our disposal.
legendary
Activity: 3472
Merit: 10611
It comes down to why you bought bitcoin in first place. Was it to make quick profit on your centralized inflationary fiat? Or was it to reach financial sovereignty by owning a tiny portion of a limited supply bitcoin which is the only existing decentralized money?

If it is the first case, I'd say HODL is not even suitable for you. Instead you should start trading to make quick profit from ups and downs of the market, of course after understanding the risks involved with trading specially during volatile times where market is less predictable.
If it is the second case, then asking about "when to sell" makes no sense because you don't "sell money" you use it.
hero member
Activity: 2520
Merit: 952
Diversify; where? Crypto, land/real estate, stocks and in metals and some liquid in fiat to take advantage of opportunities that come unexpectedly.
hero member
Activity: 3024
Merit: 680
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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?
Anytime where is profit already for the long time holders. At this moment, I am sure that many HODLERS here can afford to sell and buy back again if it's necessary.

Well for my reasons of why I would sell is likely that I'll go into another venture to create another investment or business that shall increase the value of what I've sold in Bitcoin.

I'm not yet on the part that I'll take fancy vacations or owning a home because I am not yet done and settled from my holdings. Although I've got in my plans and who knows in the future if I'll have more homes that I can run as a rental business.
legendary
Activity: 3024
Merit: 2148
If you have been hodling for a lot of time and is currently sitting on a huge unrealized gain, then you really need to think about taking profits. If you only invested recently and have "only" 50-100% unrealized gain, then you might want to wait for a bigger bull run.

If most of your net worth is in Bitcoin, then you should strongly consider moving some of your wealth away from Bitcoin into more stable and predictable assets. But if Bitcoin is only a small portion of your wealth, you can hold it indefinitely.
legendary
Activity: 1064
Merit: 1228
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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.

I'm not really sure whether you've tried this approach or not - but can you imagine what it could be?
full member
Activity: 700
Merit: 205
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?
This question I don't really understand the question because when looking at the question it seems that you it question is not complete, when you talk of island in my environment you are referring to a particular place that is surrounded by water and that's what I island is all about which their is no properties that is cited in that environment why housing is a property that is already being made for a good living, and I believe that since its already made that is why people prefer buying house instead of island, if really its what island mean in your environment or I island mean any other meaningful thing
hero member
Activity: 966
Merit: 701
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I don't think you understand the whole Bitcoin strategy.

Sandra 🧑‍🦰

What’s the “whole bitcoin strategy”? I’d love to hear it, hopefully it’s something original and not just another hodling bitcoin till I die sermon.

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?
~snip~
This is what I would also say and what you said also means that a person should have other source of income to have a good lifestyle or standard lifestyle as you have said. OP also forgot that some countries would say that it is good to sell what they hold. In my country, if the Bitcoin hitting $200k would make me earn lots og money since each dollar is more than 1 fiat money. If I have 1 BTC then it would mean I am a millionaire when selling Bitcoin. I would say that it depends on the person doing hodl.
That’s very true for me. I won’t pass out on the chance of selling at that all time high. It’s a target I know bitcoin will reach someday, that’s why I’m busy buying bitcoins now so I can have a significant amount in the future.
hero member
Activity: 1386
Merit: 731
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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 have a lot of plans in mind, but they may not be as perfect as I'd like them to be. Buy and hold is a thriving investment strategy so far in bitcoin or crypto, clearly this has been adopted even if they are whales in crypto. I adopted that strategy to build my investment portfolio over the years, but I'll probably stop buying it when the price hits a new ATH. I should enjoy the advantages in that area and will probably sell all or part of the ownership.

If I can be honest, I've even tended to invest in bitcoin in the last 1 year instead of gold. Meanwhile I also have some savings so that I am not affected by price volatility. Before my target is reached, then I shouldn't sell it.
hero member
Activity: 2268
Merit: 669
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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.
This is what I would also say and what you said also means that a person should have other source of income to have a good lifestyle or standard lifestyle as you have said. OP also forgot that some countries would say that it is good to sell what they hold. In my country, if the Bitcoin hitting $200k would make me earn lots og money since each dollar is more than 1 fiat money. If I have 1 BTC then it would mean I am a millionaire when selling Bitcoin. I would say that it depends on the person doing hodl.
sr. member
Activity: 378
Merit: 258
Lohamor Family
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?
It boils down to ones determination on when to buy and for how long he will be holding. Personally, I see my bitcoin investment as part of my life that no matter how high bitcoin price gets to I will only sell from fraction and keep on holding the rest with a continuous DCA method for me to keep on accumulating. I don't have a target on my bitcoin investment portfolio,I just love bitcoin and wouldn't let it out of my life because it makes me feel secured financially.
sr. member
Activity: 1764
Merit: 260
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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?
Could you please enlighten me? I'm struggling to see the connection between "what is the best opportunity" and "family reasons." If I understand correctly, you're referring to the reasons behind selling assets for profit. It's worth noting that this reason applies to most individuals and may encompass various situations, including health emergencies, unforeseen expenses, and the need to allocate funds for important purposes. Undoubtedly, family-related issues and necessities also play a significant role in the decision to sell "hodl" assets.
legendary
Activity: 2394
Merit: 1049
Smart is not enough, there must be skills
Every individual is always different in their perception that there are those who hold for a long time before the price of bitcoin hits the highest, there are also when they have achieved profits above 50% they sell it to buy what they want, that has become their target for many bitcoin investments which has been held so far, because everyone always has a desire that he wants or buys things that have not been achieved.

I have also previously targeted that when the price reaches new ATH, I will sell some of the BTC ownership to be sold to the market and the profits will be used for something I want, such as houses, cars, property and that is free because of my own will.
sr. member
Activity: 686
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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?

There is no optimal timing for this, and it also depends on individual views and the factors that can cause it. A bitcoin hodler who has realized a 30% profit on his overall investment may feel inclined to exit, whereas one who has realized an 80% profit on his initial investment may not go because the aim he set for himself has not yet been met. The market is volatile, and you might choose to sell once you have made your profit. But you don't have to sell in a panic or fear in losing all of your money. Long-term holding of bitcoin has been shown to be beneficial, as long as you do not sell them all. 1BTC=1BTC.
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