What will you do with bitcoin? | Bitcointalksearch.org

crypticj

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Quote from: serjent05 on May 21, 2023, 04:32:56 PM

A great reset can result in 1 BTC if you buy back afterward. People want the bull market moment to last forever, but sadly those moments never last, so if you know how to take advantage of it, it's a good way to get your retirement plan working at a greater speed.

Yeah, but it's pretty hard to find a moment when the bull/bear market has started or ended. It's very easy to make mistakes along the way but I think if you DCA and HODL then it's easy to catch these moments.

But I think even harder is to decide when to sell. Because you can easily lose potential gains if you'll sell to early.

serjent05

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Quote from: Outhue on May 21, 2023, 04:54:11 AM

When BTC reaches a new ATH, there's no reason to keep holding, take your profits, and then hold them, you worked hard and your dreams came true, so enjoy them, but keep some money in reserve and wait for another great opportunity to grow your BTC. This is also a great way to increase your BTC.

A great reset can result in 1 BTC if you buy back afterward. People want the bull market moment to last forever, but sadly those moments never last, so if you know how to take advantage of it, it's a good way to get your retirement plan working at a greater speed.

Smart investors ride this cycle of the market. They buy during the bear market and sell when the bull market kick in. They just rinse and repeat this kind of strategy. While other day trades their way in accumulating a huge amount of BTC. But whatever we do, knowledge and patience is very important because we will encounter several hurdles while we are holding Bitcoin but this knowledge and patience will keep us the right path whatever is happening in the market.

Quote from: Inwestour on May 19, 2023, 04:24:53 AM

For many who hold bitcoin, it will currently be an investment, because in different countries it is not recognized as a means of payment, but this may change in the future.

AS Bitcoin getting popular and more adoption is going everyday, the government who are against Bitcoin will come to realize that they are missing big time for banning Bitcoin. And may lift the restriction in order to take part on the benefits Bitcoin produce.

Dr.Bitcoin_Strange

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Quote from: Outhue on May 21, 2023, 04:54:11 AM

When BTC reaches a new ATH, there's no reason to keep holding, take your profits, and then hold them, you worked hard and your dreams came true, so enjoy them, but keep some money in reserve and wait for another great opportunity to grow your BTC. This is also a great way to increase your BTC.

Obviously, that's what some people have been doing before they were able to accumulate a huge amount of Bitcoin in their portfolio. That's what some people intend to be doing as well, but I will be totally wrong if I say that that's what everyone is doing. Some people have been holding their Bitcoin in their wallet for more than 10 years now, and some Bitcoin addresses are also holding a particular amount of Bitcoin in their custody, which has never changed for quite some time now. I used to wonder how long those people intended to hold them and at what price they intended to sell them. Even in the last ATH of Bitcoin, most of them did not sell. For me, I feel that another approach I can use to increase my Bitcoin holdings is to sell during bull season, reverse the money, and buy back during bear season.

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Quote from: crypticj on April 24, 2023, 11:51:32 PM

So I wanted to ask you all, what are you planing to do with bitcoin when it will go to 70k, 80k etc. Are you planing to sell it or you will keep holding it?
If you will sell it, at what price are you planning to do it?

Well there are so much to do when bitcoin finally hit its all time high and technically, this question is for those that are seizing the besr market to buy of bitcoin or those who already have in their wallets.
The choice of ones activities when bitcoin gets to an all time high greatly depends on what goals one has before investing.
Personally I will just want to live my dream life and give myself all the best i could possibly offer and I've heard stories of people who seize the opportunity of the bear market to accumulate more bitcoin just to achieve their dreams when the bulk market comes.

Outhue

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When BTC reaches a new ATH, there's no reason to keep holding, take your profits, and then hold them, you worked hard and your dreams came true, so enjoy them, but keep some money in reserve and wait for another great opportunity to grow your BTC. This is also a great way to increase your BTC.

A great reset can result in 1 BTC if you buy back afterward. People want the bull market moment to last forever, but sadly those moments never last, so if you know how to take advantage of it, it's a good way to get your retirement plan working at a greater speed.

Popkon6

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Once Bitcoin reaches the moon there will be nothing left to do, as all work must be done in the present. Now if you invest in bitcoin then surely there will be benefit if bitcoin price is high level otherwise no profit. The more you can invest, the more benefits you will get from Bitcoin.

I want to tell everyone that I am already thinking about Bitcoin. Because this is a good investment opportunity, if this opportunity is lost, then the investment will be at a higher price. I converted some assets to Bitcoin and kept an Electrum wallet for a long time. Bitcoin price will continue to rise as time goes on so invest fast.

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Quote from: Inwestour on May 19, 2023, 04:24:53 AM

For many who hold bitcoin, it will currently be an investment, because in different countries it is not recognized as a means of payment, but this may change in the future.

Government is only part of the reason because we can use bitcoin for payment without government permission, we just need consensus between seller and buyer. As you said, it is not recognized as currency in many countries. Why are so many people always encouraging others to do the opposite when they themselves use bitcoin to invest?
To me, bitcoin is both, and if I share bitcoin with someone, I support and encourage them to use it as an investment rather than a currency. Because we have a need to make money, others want it too.

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Quote from: crypticj on April 24, 2023, 11:51:32 PM

Hello guys!
Today I was thinking about Bitcoin and where it will finally go up. And I came to the conclusion that I don't really understand what is the right thing to do with Bitcoin after it will "go to the moon".

So I wanted to ask you all, what are you planing to do with bitcoin when it will go to 70k, 80k etc. Are you planing to sell it or you will keep holding it?
If you will sell it, at what price are you planning to do it?

What is the purpose when we enter the market? That is profit, so when the price increases, we have a profit, and selling to make a profit is obvious. And if someone has been in the market for a long time and knows how the market works, they will continue to capitalize on that, buying in a bear market and selling in a bull market. I will sell all my bitcoins and will wait to buy them back when the bear market comes.

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Quote from: adzino on May 18, 2023, 08:03:42 PM

But are you here to use bitcoin as a regular currency? Then hold it and use it as a regular currency. There is no need to sell it. If the value goes up, then great. You have to spend less bitcoin when buying anything. The price goes down? Not a problem for you. You still uses it as a regular currency. It is just that you need to spend more of your coins to buy the same thing....

If Bitcoin can be used as a currency for buying and selling, it can be very convenient, but in our region you can't buy or sell anything with Bitcoin yet and I don't think Bitcoin has been used to buy things yet.

Bitcoin may be used as a regular currency in the future and experts believe that the future of digital currency is very bright where different countries can use Bitcoin as a currency to trade with each other, but it is not that simple because the banking sector and some country will never want people to start buying and selling in Bitcoin or digital currency.

So I think for now all our focus should be on profit.

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Quote from: serjent05 on May 19, 2023, 02:21:46 PM

Quote from: pawel7777 on May 19, 2023, 11:57:38 AM

I'd definitely sell some when it looks like the price might have reached the cycle's peak. I'll be aiming to sell around half of my stash (depending on where the price will be) to help me finance some purchases to improve my own and my family's life. For the remaining part, I'll probably sell also around half of that (so ~25%) and try to buy back when bull run ends. But, as historically I wasn't doing that great in predicting market trends, I'd like to just hold the remaining 25% (i.e. in case I make a bad call and bull run keeps going). I don't intend to ever sell 100% of my bitcoins and would like to pass at least some to my children at some point.

Well, selling is the most intelligent thing to do when the market reaches the peak of the cycle. then wait for some time and reinvest if we feel that Bitcoin had already reached the bottom. If we are wrong in our assumption then we can always cost average until we are satisfied on the average cost of our investment. This way we can easily grow our Bitcoin portfolio over the course of time. Just repeat the said strategy every cycle and we will find ourselves holding way more Bitcoins that our initial investment.

That said, I am also selling part of my holdings if I feel that Bitcoin had reached its peak and rebuy when the price become cheaper.

There is no such thing as being too intelligent or too hard to do that. i mean, most investors will do this because everyone's goal is the same, it's profit, I mean, it's very easy, a strategy that almost everyone knows. i wonder, but why is there always a loser in this game, and is the market always so easy to predict? buy when the bear season comes and sell bitcoin when the bull season comes? the market has done it over and over again 3 times, and I think there may be changes soon that makes it more unpredictable.

panganib999

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Quote from: BD Crypto on April 25, 2023, 12:01:02 AM

Basically I will keep holding Bitcoin if hits new all time high. My plan is to hold Bitcoin till it's been legalized by the Government. Because we maynot be able to buy Bitcoin agin at the low price. Day by day it's popularity will gain also it's usecases. So who will sell it too early? I think selling Bitcoin is a fool decision if you don't need it badly. Keep Bitcoin holding and enjoy the Ride of Bitcoin. I have trust on Bitcoin and one-day it will be legalized and adopted massively then it will be very precious.

You can keep holding on to it forever buddy. There's no way in God's Green Earth that governments all across this planet will somehow allow bitcoin to operate within their Country. Even US as of the moment is a little on the hating side with bitcoin, and has since formed factions in and out the government sector that are strictly opposed to bitcoin ever operating on the country again. Plus, a country being more accepting of bitcoin doesn't necessarily equate to higher price valuation. Look at what happened to bitcoin during the period when El Salvador basically made bitcoin their currency. Price plummeted and took a while before it could recover. So yeah, it's good that you trust bitcoin and all that but you can't trust the government being very accepting of bitcoin.

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Quote from: crypticj on April 24, 2023, 11:51:32 PM

Hello guys!
Today I was thinking about Bitcoin and where it will finally go up. And I came to the conclusion that I don't really understand what is the right thing to do with Bitcoin after it will "go to the moon".

So I wanted to ask you all, what are you planing to do with bitcoin when it will go to 70k, 80k etc. Are you planing to sell it or you will keep holding it?
If you will sell it, at what price are you planning to do it?

Currently, given the last ATH of bitcoin, I still don't see any reason why I would sell my coins because the price is still not very convincing to me.
Now even if there will be another ATH that will happen after the halving next year, which is really likely to happen, I still don't think that it will convince me to give it up and sell it, even a fraction of it because if there's an urge to use some of the funds, I've got the altcoins to help me settle it instead of touching bitcoin that is already with me for a long time now.

Thinking about the price that will likely make me sell some of it, I think I'll start to consider if it will be over $1,xxx,xxx. Grin

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Quote from: pawel7777 on May 19, 2023, 11:57:38 AM

I'd definitely sell some when it looks like the price might have reached the cycle's peak. I'll be aiming to sell around half of my stash (depending on where the price will be) to help me finance some purchases to improve my own and my family's life. For the remaining part, I'll probably sell also around half of that (so ~25%) and try to buy back when bull run ends. But, as historically I wasn't doing that great in predicting market trends, I'd like to just hold the remaining 25% (i.e. in case I make a bad call and bull run keeps going). I don't intend to ever sell 100% of my bitcoins and would like to pass at least some to my children at some point.

Well, selling is the most intelligent thing to do when the market reaches the peak of the cycle. then wait for some time and reinvest if we feel that Bitcoin had already reached the bottom. If we are wrong in our assumption then we can always cost average until we are satisfied on the average cost of our investment. This way we can easily grow our Bitcoin portfolio over the course of time. Just repeat the said strategy every cycle and we will find ourselves holding way more Bitcoins that our initial investment.

That said, I am also selling part of my holdings if I feel that Bitcoin had reached its peak and rebuy when the price become cheaper.

pawel7777

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Quote from: crypticj on April 24, 2023, 11:51:32 PM

Hello guys!
Today I was thinking about Bitcoin and where it will finally go up. And I came to the conclusion that I don't really understand what is the right thing to do with Bitcoin after it will "go to the moon".

So I wanted to ask you all, what are you planing to do with bitcoin when it will go to 70k, 80k etc. Are you planing to sell it or you will keep holding it?
If you will sell it, at what price are you planning to do it?

I'd definitely sell some when it looks like the price might have reached the cycle's peak. I'll be aiming to sell around half of my stash (depending on where the price will be) to help me finance some purchases to improve my own and my family's life. For the remaining part, I'll probably sell also around half of that (so ~25%) and try to buy back when bull run ends. But, as historically I wasn't doing that great in predicting market trends, I'd like to just hold the remaining 25% (i.e. in case I make a bad call and bull run keeps going). I don't intend to ever sell 100% of my bitcoins and would like to pass at least some to my children at some point.

crypticj

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Quote from: BITCOIN4X on May 19, 2023, 11:23:31 AM

Yes, it is a basic principle of trading and investing. Buy low and sell high.

Yes! It sounds simple, but in fact, it is the hardest part. You never know when bitcoin reached its peak or hit the button so it's always a guessing game. And moreover, considering that bitcoin like any asset can go down because of the FUD, it's getting even harder to find a perfect moment to buy or sell. That's why we have DCA to solve this problem.

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Quote from: adzino on May 18, 2023, 08:03:42 PM

Most people are here for the profit. So when the price goes up, the sell and take the profit. When it goes down, they reinvest.

Yes, it is a basic principle of trading and investing. Buy low and sell high, it is a way to make profits regardless of the time frame they adopt in trading. Regarding investment, it is hoped that it will be for a longer period of time, for example 2-5 years and selling the three targets is expected to have been achieved.

Price volatility should be utilized by traders, especially for those who like trading strategies such as scalping or like that. But if they are investors who expect returns in the long term, then of course buying on the dips and accumulation is the most advisable.

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Bitcoin is a digital assets, which everyone needs to hold, or trading on it enable to a potential profits, in other words Bitcoin is served as a means of buying or selling of good's through Bitcoin payment which many companies has recognize as a global payments.

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Quote from: Inwestour on May 19, 2023, 04:24:53 AM

Quote from: Smack That Ace on May 18, 2023, 11:34:51 PM

This is true, many people are always propagating and telling newbies that bitcoin is not an investment, bitcoin is a currency and should not be viewed as a tool to make money. But even they see bitcoin as a tool to generate profits. Honestly, I've met many people who both use bitcoin for investment and use it as currency in some cases. But I've never seen anyone not for profit treat bitcoin as a pure currency.

For many who hold bitcoin, it will currently be an investment, because in different countries it is not recognized as a means of payment, but this may change in the future.
...

Things may or may not change in the future. But I wonder, for an asset that is always volatile and everyone knows it will pay off if they hold it for the long term. Are they willing to use bitcoin for daily spending? If it were me, I wouldn't do that even if it was accepted as a means of payment.
I have no reason to use something with the potential to add value in the future for everyday life while we already have fiat to do that task. Not only now but in the future, as long as bitcoin can still appreciate, not many people will use it as a currency.

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Quote from: Smack That Ace on May 18, 2023, 11:34:51 PM

This is true, many people are always propagating and telling newbies that bitcoin is not an investment, bitcoin is a currency and should not be viewed as a tool to make money. But even they see bitcoin as a tool to generate profits. Honestly, I've met many people who both use bitcoin for investment and use it as currency in some cases. But I've never seen anyone not for profit treat bitcoin as a pure currency.

For many who hold bitcoin, it will currently be an investment, because in different countries it is not recognized as a means of payment, but this may change in the future.

And who is now able to understand that we are in the early stages of a bull market, of course, want to get profit from this opportunity. Bitcoin can be perceived as a means of payment, but this does not prevent it from being a great investment, at least for now. We should not try to share these opportunities of Bitcoin, on the contrary, we should try to benefit from all its advantages.

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Quote from: crypticj on May 18, 2023, 09:30:38 PM

Quote from: xSkylarx on May 18, 2023, 08:22:03 PM

It really depends on the situation if i really need that money then i will sell it off but if not i will just sell half of it and wait until when it is best time to buy more.

This is a great tactics. You never know when bitcoin will go up or down so the best way to "catch" it in a good position is to DCA or hold some cash to buy bitcoin if needed.

You will also not feel behind with it because you still hold some bitcoin but that is also good approach to catch a good position but the right timing is crucial that is why not selling all of your bitcoin is good as you already took that trade in lowest price and for sure after that peak it will be dropping as that is the time to have a good catch. Also it is better if you have like accumulate bitcoin overtime coming from your money like you'll have 5% of your salary invested to bitcoin

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