Bitcoin Forum

I have concerns about lots of people exiting bitcoin once they reach a target before or after the halving,  what price will you cash out or will you hold strong?

The major risk of cashing out is that the train doesnt stop and you get left behind.

My primary target was to sell at the price of $800 but now I don't think that it will happen soon, so even if it touches the price of $750 I will sell my coins.

dont try to find a top/bottom. Just watch the market.
If bitcoin reaches your target, follow the changes, the news, other coins etc etc. if something says to you it will drop then you sell. otherwise, just flow with the tide. Well, that's how i do.

I wonder if it will be the majority of hero and Legendary members that will cash out at these level as most may have bought at high ammounts and even more might own at least 100 or maybe 1000 and think it's a good amount to cash out to.

My target is $1200
if it reached i will instant sell 30% of my bitcoin
if it is not reach i will sell my bitcoin step by step

I probably won't sell any of my Bitcoin after the halving aside from what I currently sell on a semi-regular basis. Unless something amazing happens and the value miraculously increases beyond what I would expect, it would be incredibly unlikely for me to go and sell what I have built up. There's a lot more in the future for Bitcoin other than just a halving or two, and if enough things happen Bitcoin could be a very good thing.

I've no intention of ever selling and whatever happens after the halvening is noise in the greater scheme of things.

I'm going to take a proper stock of things in 2020 and then decide what's what. If it's not flying by then then I think it'll be time to shop elsewhere.

Maybe by then most will finally have 20/20 vision.

I won't hold my breath over it though.

There is actually a prediction that it'll reach a very high one for about two or three days right after the halving due to people's tendency to buy in anticipation of the "high rise" or "to the moon", and after one or two weeks, it will slow down. I can say that I'm agree with most people here, if you want to play safe, don't be greed or (if I may say) naive by waiting for the highest, because that highest point is not certain. Play safe by setting our own point where you'll sell some or all of your btc when the price reach that point, then get satisfied by it, no matter if the price goes up or down after that point. I'm not selling mine because I'm actually planned to keep it for a while.

I will hodl :) If Bitcoin goes stratospheric I'll likely only hodl 70/80% tho, some bills don't pay themselves with Bitcoin :D

The major risk of cashing out is holding worthless fiat currency that is sure to see inflationary devaluation by continued expansion of so called "quantitative easing". I'm not sure what your concern is. In my view it is a certainty that fiat money will be devalued, so it makes no sense to hold it.

"Cashing out" is also the wrong term to describe selling Bitcoin for fiat junk money, because Bitcoin is unrestricted cash.

Therefore for me it would be an irrational decision to sell Bitcoin for fiat. I'll hodl until I can buy all goods and services with Bitcoin directly.

ya.ya.yo!

i think 80% people are condsidering selling after the halving.

Very true. It might make sence to sell Bitcoin for fiat though as this is what would most likely happen anyway if you spend the Bitcoin instead, but spend the fiat immediatelly, do not hold the fiat. Holding fiat does not make much sence, you dont know how much fiat supply exist at any time and who can create it out of nothing because you cant even check the fiat ledger. As I say, hold only as much fiat as you are comfortable to loose.

So holding Bitcoin make sence, and spending whenever you need. But with higher prices, I tend to spend Bitcoin much more, when I compare recent almost 700 USD and 400 USD earlier. So definitively if Bitcoin price goes even higher, I would spend Bitcoin even more on things I dont necessary need.

I am just going to sit back, enjoy the ride and continue hodling. Hodling past this halving and the next halving and the next one and so on...

Nothing to lose and everything to gain.

Bitcoin bank runs coupled with trading sites "having technical difficulties" while they try to slow the bleeding.

Better hope the liquidity is there or you will be stuck bag holding.

im actually waiting for the price crash to buy some more btc. i know everyone is going to sell after the halfing ecpecting the price to be high. but when they drive the price down,ill be buying in and riding the wave for couple of months.

Yup if you are planning to buy then I think you need to wait for the post halving, as price will fall after the halving as majority of users will sell their coins at higher price at halving.

Selling half before the halving, and keep the other half to no matter what, but I will never sell everything.

No way, even if some people will sell (this isnt equal to quit bitcoin) next halving coming soon :> and then another one, and another... dont worry hodlers always win

Well we dont know how much will considering selling after block halving and i think almost member here are considering it but some of them are waiting more months or hold more and wait that the price will hit into 1k value..

If I sell it will before the halving. Not after it. And looking today at the charts I don't see myself selling anything. It would not make sense to sell now. Especially if you don't need the coins on the long term. No bills, no debts, so why sell? To hope it goes down and buy cheaper? No not me. Rather I would play it safe and wait for 2/3 years.

I think only people who have some bitcoins that planning to sell bitcoin when halving come,not for people who have so many bitcoins,they rather to hold and keep it as currency and pay something.

investors aren't going to announce their exit point and mostly you don't know it before seeing the market after the halving. but right after it is not the time to exit it is time to get in especially if there is a dip because if there is a rise because of halving, that rise will come after it.

I agree that investors are going to keep quiet on when they exit especially if those investors are whales but personally i think the majority are going to be below 1000 dollars sue to this being the price that a lot of people bought at and got locked in at. Large investors wont want to risk other people taking out the money first before they can dump which is why im expecting masive dumps before 1k. Im holding for the long term and hoping that anyone who does sell at  or around 1k wont be able to buy back in and will realise their mistake once its too late. For this to happen bitcoin would have to continue being successful though.

I think the bitcoin price will rise a lot in the future. So the halving does not affect my decision to sell it or not.

this topic is a bit old and there has been a (short) while since halving, and so far nobody doesn't seems to be selling and/or exiting bitcoin at these prices. instead it seems like they are all accumulating more and more bitcoin with the current stable price of $650±10 and the bottom has already been established.

and as for the sell I think majority will sell near $1000 not exactly after it but it can even be below $1000 maybe because of panic.

I think almost everyone to consider and prepare bitcoin they have for sale. because I think they were waiting for the price of bitcoin be really high to be sold, so many people are hoping that after halving the price of bitcoin could reach $ 1,000 or more, and by the time it arrived, I think a lot of people who will sell bitcoin, even I am waiting that matter

Now i have sell my bitcoins already on the halving day, because i thought that may be after the halving price suddenly done, but it never happen, so i have total 4 btcs, and 2 bitcoins i sell it on the halving day and the other i am selling it day to day.

i think many of investors were considering to sell after the halving because of the fear of crash and the amount of FUD that is always being spread at these key moments in the market.

but those who were wise waited to see how things shape out to be like after halving so now i think they are all waiting to see which way we go and then decide to sell or hold.

though i doubt that it was such a good idea to sell all your bitcoins before the halving because you will not have a great chance to make some money later

Never sell, just buy and hodl and see how the supple vs. demand will work hard for you.  :-*

Yes, by trading you might make small gains once in a while. But there is always a possibility that you will miss out on that bull run. True holders won't

Good answer brother.  People need to consider all the variables before doing anything.

half will be sell and half will be hold, while watch the chart and news and will see whats going happen with demand and supply.

i don't know about others but i plan to hold my bitcoins in my cold storage wallet for at least a couple of years. and in the meantime i only spend what i need with bitcoin, like what i do in my investments and gamblings but in general i don't have a price in mind to sell at but instead i am looking for the time when bitcoin is most popular so i can actually spend it everywhere.

Some of people really already sold their btc for those past months thats why we see sudden price down even though halving is  still on the way and i can say that happening is good since we can still see the price is high and not be dump after the halving is done,  and for seeing the chart really now price might be stable since the bitcoins are flowing back to its original shape in the markets.

I read an article where an economist said that 1 btc could reach $100,000. I don't know about you but I will hold all my bitcoins for now. The only reason I will spend my coins is if I really need the money but otherwise this is my savings.

i'm using the "generate and use, instead of buying and hodl" but i'm using my coin only to generate more than what i have, it working good so far

this is the time for accumulation because when bitcoin will reach mainstream status, it will be very hard to get even 0.1

I was lucky enough today to get 0.80 btc for 675 usd range in addition to my stack.
I am not generating more coins (except lending in Poloniex a few bitcoins on interest). By trading, as someone mentioned earlier, the chances of loss are real.
Selling causes only tax consequences, so better not to sell but waite until bitcoin is mainstream and the legislators and regulators will understand bitcoin and make more reasonable tax laws, for instance, you need to pay capital gain tax if you spend bitcoins in my country (which is crazy and causes a lot of headache if I used bitcoins in everyday live).
I agree with the fact that not 22 million person on planet earth can own 1 btc simultaneously since the coins are very limited in issuance.

I do not see any reason to sell at the moment. The price of the bitcoin is still very low compared to the future price.

Even a month ago the price is 700 above and the price right now still not increase back to that price.. block halving is done but the price is gradually increase i dont know when the price will increase again in touch in 700 value.. but i believe this december we will see a large pump this coming december..

Why in December and not next day, next week, next month etc? Is there a big event that will take placed in that month that will boost the price? Anyways nevermind Im not serious to that question lol.

In the current price movement like this after the big event that most of here in the community is expecting, hopefully all those halving fanatics learn some nice lesson that halving alone won't make the price increase. There are lots of post prior to the halving eta about big expectations and big increase "right after" halving. Yes they think an instant price increase once halving has come.

There is no need to worry about the short term price, as long as the bitcoin is developed, the price will rise.

Let's hope that will happen. I have to say I am still worried as to when the price will not be going up and down like we have seen the last years.
I did not sell but like most of us, the volatility is scary.

i am not selling anything until there is surge in price, because these small changes don't excite me anymore because i am no longer day trading bitcoin. instead i am a long term hodler now and i am waiting for the halving big rise to kick in and sell after a bubble.

I think so. If the price just rises to $1000 by the end of the year, there is no price bubble. There is no need to sell.

I agree with that. I think the bitcoin price is very resonably price at $650 now and $1000 in 5 months time.