Bitcoin Forum

Bitcoin price is rising up in rocket speed and penny-pinching mind is always yelling that hold.. hold and hold your Bitcoins. Don't convert to fiat or spend them. But, there's a big risk...what to do?. This is a question somebody asked me today.

I didn't answer at him, but, thought deeply about that and got the following mind.

If you've 10BTC convert 5BTC into fiat and wait until the remainder is reaching to 10BTC and do the same again.

Is this a good advice?

This is something everyone has to decide for themselves and depends on a few things.Some people just want to profit from BTC in short term,others have plan to hold for long time.If you have 10BTC and need money for something there is nothing wrong to sell 5BTC or more/less amount.

If you invest in BTC, holding is always risky in terms of price,you can lose money or you can profit from that.For people who can not live with such risk BTC is not option for investing,better buy gold or something like that.

I am not sure what you want to say with convert 5BTC in fiat,when you sell them you have only left 5BTC-you think to sell that remaining 5BTC when they double price or what?

Everyone has everyone's opinion, and some people think that bitcoin is a huge bubble, but some people think it's just beginning to respect each decision and believe in themselves.
Cheers!

not exactly like this but you get the it.

what i advise and i myself also use is something like this:
for example you invest $1000 in bitcoin  when price is $1000 and get 1BTC. it goes up to $2000 you can sell 0.6 to get your initial $1000 and some profit ($200) out and still have 0.4 bitcoin to enjoy higher rise.

that is the general idea. but other strategies can be added to make it more complicated and add to your profit.
for example with your 0.4BTC remaining you can start doing some sure trades like when price reaches $19000+ you sell and wait for the FUD dump, and place your buy orders 20-30% lower at $13500-$15000 and you'd be surprised how big your bitcoin is going to get after a while...

A bit hard to understand because I think he was talking about 5 Bitcoins but was thinking about the fiat equivalent of it.
Just use the price $10,000 per BTC as an example (easier to do the maths): He meant that he has 10 Bitcoins, worths $100,000. He sells 5 bitcoins and he will still have $50,000 worth bitcoins (5 BTC). If the price doubles (goes to $20,000) then he will have same amount in fiat ($100,000) like in the beginning and using the original price ($10,000) it worths 10 BTC again.
The problem is that you can't count always in fiat when you talk about BTC, it's just not as simple.

If you are not comfortable with doing that, then it's not a good advice. There will always be someone who is more successful than you but that does not necessarily mean that you both share the same opinions or that you are obligated to take their advice. Follow your mind and instincts, better learn the hard way because there is no easy way. Good luck

yes, that's good, I suggest to you if what you do today is profitable for tomorrow, then do it now. people strategies are different, and I prefer to take profits by way of trading and investment. and I'm comfortable.

In life there is always risk especially if you're going to invest on something. That it why a lot of people says only invest what you can afford to lose in doing such investments where you are not sure about the gains.
That advice is good depending on a person, if you want to get some profit out of your investment and you want to lessen the risk.

Since there is no fundamental value in btc its very hard to give advice. Two views.

1. It's going to the moon, you could get a great return on your stake (I'm not going to say investment because you are gambling)

2. Its going to crash. You might loose 90% or so over the next year.


If anyone tells you they know the answer then ignore their advice.

At some point btc will fail big time, just don't know when. Its an emperors got no clothes thing.

I dont see the price of bitcoin rising. Where do you check it?
I saw the price slowly down and down. If its really high then just sell it. People hold because they want more profit but big risk is involving.

bitcoin is high risk so I do not think the advice is wrong, I really agree, because it needs investment in fiat or bitcoin. when bitcoin falls, we still have deposits in fiat so it will not be too loss.
all back again on your beliefs ...
good luck !!!

It's always best to stay in your comfort zone. Your advice of going in with a certain amount of money and cashing out when it doubles its value isn't totally bad, but it may be in a given scenario: You are a rich person. You have a big house, a number of cars, your own business. Your wife has a steady job, you both have an account with $1 million. You put in $100k (just 10% of your cash and maybe 1% of your net worth). Why would you want to cash out when the investment doubles? You're not risking anything here. Even if BTC crashes and becomes worth half of today's price you'll still have plenty of money lying around. You will feel comfortable holding 1% in BTC for years!
Stay comfortable guys ;)

You can do hold and wait or you can do this as well with 10 bitcoin.

Basically that is how you do it. And if you have that large amount of bitcoin, it will be easier because every 10000 sats movement will be large profit already. Say the price increase by 10000 sats, then you sell it. If the price drops by 10000 sats, you buy again. In 10bitcoin, that is 100K sats profit already. And it can happen few times a day. But be mindful of tx fees of course. Tx fees depends on exchanges so do your own math.

You can exchange your bitcoin to fiat whenever you feel you have made enough profit, unless you are the greedy type.  Price will always keep going up, do you wanna hold till infinity?

Good thing that you didn't answer him. There are different situations that we can tell on what they must do with their bitcoins. When there's nothing to do then holding is the solution but if there are things that needed to be funded then selling is the solution.

yes, that's good advice. , bitcoin has a big risk, and will be greater if in your wallet save 10 BTC, may be hacked. and lost. but I would prefer if some of them I redeem to fiat, and some I am investing for the future.

If you mean converting in terms of fiat value of bitcoins? Then is a good advice and good money management strategy. If you would have done that in 2017, you would have achieved your goal of withdrawing half of your bitcoins every quarterly.

As what i understand, when you have 10BTC and you convert 5 to fiat the you remaining 5BTC would not climb up to 10. It will remain 5 but the price will varry in accordance to the spike and fork of bitcoin. Keep in mind that your 5BTC will only rise to 10BTC if you buy bitcoin again.

i think you should invest in altcoin too, not only bitcoin. example you have 10btc, then you convert it to fiat 5btc, and you hope soon, from 5btc your invest you get same value like 10btc, but btc isnt working like that,today, btc correction to the right place, and better you split your btc to other coins, so you keep profit

Yes, this is a good point and I've a fine experience too. few weeks ago, when the doge price was 0.00000022 BTC I bought 70K doges for some project. Unfortunately or unfortunately, project didn't go well and I stopped it and I still had around 50K doges in the wallet. Now the price is 0.00000060 BTC.  If I had bought doges in 1BTC, It is tripled now...

OP your so smart because you think like that,it's the  safest way to do in crypto because of the volatile price,you need to invest then hold some and also cash out if you earn some for more good,actually i also like because when i start in crypto i only invest 0.005 btc but now i think it earns 7x now since i start here in crypto,Moreover always think positive and your move is good.

You said that you have 10btc..half of it was converted to fiat, then you save the remaining 5btc. Mmmm that 5btc will not grow to 10btc, rather its price will definitely rise if you hold for a long time. Yup holding btc is risky because its price is very unpredictable. It goes up, and sometimes goes down. But most of the time, holding it is also profitable because according to its price history, its price usually rise with time.
If you are asking if it is a good advice to sell the half and save the other half, well it depends on what you really want. If you want to convert it to money and use it, and keep half of your btc to gain profit in the future when its price goes up, then its a good advice. But if its not what you want and not comfortable about it, then its for you to decide. Basically everyone has their own goals and decision. One advice doesnt apply/fit to everyone. So its really up to you. Know what you really want. Study all the possible consequences first, analyze, and then decide.

That's good advice, and you can do it. But if you do not need physical money better holding bitcoin, it will give you full advantage.

If you have enough money i suggest you to play a game about BTC. But from last scenario i can guess that BTC will never be finished and day by day new country will access their country as their people are so busy with their profession and they can do their useful works with BTC with very short time. So you can hold just six month and then you can move it. Good day ;D :D ;)

Conversion at its finest. :) Well, it's a good strategy too just like having a plan that in case Bitcoin will plummets down, you already have your ROI and got nothing to lose. That's what i did to my capital. I took all of them when my capital got trippled and what's left in my wallet is only the gain. :)

Only invest what you can afford to lose, and either way of investing is going  to  have a risk, but sure it's safer to trade like that because  you already split your investment in two things, but to make the maximum profit dont just trade with btc-fiat try btc-alt, you  can gain alot of trading experience

That is one way to do it. As for me I would accumulate as much bitcoin as possible you can never know when is enough. Maybe it will reach $100,000 usd, maybe the "bubble" would burst. No one know.

Throughout the BITCOIN history, it has been going up and down. To answer your question, I'd rather sell the BITCOIN while it's still bullish, then ride again, once the price goes down again. It is very volatile in nature, the number of times that it will go up and down, will show how many times I could earn profit from it. I may not get BTC at the lowest price as possible, as long as, I am happy with the profit, I'll stick to my strategies. I'll probably keep a small portion, but, will probably trade 75% of my portfolio.

Since everyone really wanted to earn profits, it is themselves who are suppose to decide when to convert and when to hold. Investing in Bitcoin is always risky. If you really have the guts to hold and you still have fiat to use for  your daily living, why not hold it? And if you really need some money, go ahead and cash out the half. It depends on the situation though, you have be careful.

I think bitcoin is such a currency which you can use by any shape if you want to convert it in your local currency so it can give you a lot of profit but if you want to use it for buying things so it can ls help you I will prefer to convert bitcoin in my currency because bitcoin price is very high in my country and just a little part of bitcoin is enough for me to buy a lot of things and from that profit I can buy a lot of thongs from it.

I would say it is actually a good advice to embark on such. Bitcoin as a digital currency that is different from the virtual currency is still in its growing process and as such, hasn't reached its peak. So, it won't be a bad idea to hold.

Yes I advise you that if it's profitable for today. People have different types of techniques. I just like to take profits or profits by trading and investing. It is a good news that Bitcoin prices are rising. So if you have Bitcoin then keep it safe.

This is upon each individual's choice.
I wouldn't say its a bad idea.
Yes, it is a risk to hold, but that is what crypto is about.
If you wait and the price increase, then its good. Else, it just means you will have to keep on holding.

If you are asking if it is a good advice to sell the half and save the other half, well it depends on what you really want. If you want to convert it to money and use it, and keep half of your btc.

2017 Bitcoin is a bubble and no one can claim the 2018 bubble does not come back? But there will not be any bubbles that Bitcoin will add value over time as a rule of thumb.
I do not think there is any good advice in this decision. Opportunities and risks are defined by themselves, while objective factors play only a small role.

yes it is a good advice.Because  it helps us financialy.Its save as time to lose.

whether to convert BTC to fiat or not is a personal decision one has to reach depending on their personal situation and needs, if you need the money as much then there will be no problem changing them into fiat, but i think its better to hold as long as possible as greater returns maybe realized

I am a great fan of the great investor Warren Buffet when it comes to investment, he says that "Be greedy when others are fearful and fearful when others are greedy". I have gained many benefits by simply following this mantra and it works in crypto very well. However, I would recommend anyone to do his own research before taking any decision about his investments because crypto is all about self-responsibility.

Selling some of your bitcoins while the prices at the top is a good idea. But I do it only when I need money. Bitcoin always changes behavior. Every year bitcoin will be more difficult to buy. At some point, it may happen that we will not be able to restore their reserves of coins because we will not have so much money.

It's all about the total amount of perecents that you hold in bitcoin compared to your total net worth( the total amount of money that you hold if you liquidate your whole amount of free cash,after liquidating assets, sub debts and etc.
If you hold a large percent of your net worth in bitcoin then I think that you should do some risk management, because bitcoin is a high risk investment and the right way to invest in high risk investments is to Invest a low amount from your total investment.

Bitcoin prices increase in rocket speed, the price loss at the same speed. I agreed with you "there's a big risk...what to do?." Without risk, something big can not be achieved. The idea is very nice to you. Not only Bitcoin but also other coin keep the same.

No I won’t be in favor to sell your bitcoin right now as price of bitcoin is increasing more and more so don’t lose your chance for profit try to buy some bitcoin save instead of selling it, bitcoin is good only to hold for long time as this way you will earn high amount of profit, if you are in need of money you can use cash only but don’t sell your bitcoin, as much as you will save you will get profit at the end.

I agree, but, how long will you withhold bitcoin? I'm not so sure that many can withstand the bitcoin they have. you're better off trading bitcoin than holding bitcoin until the time you do not know.

Yes, that's a good suggestion and I also do the same thing, if it is bitcoin up and its time is right to sell it. I always sell some bitcoin I have, and hold some bitcoin that I milki, until the price rises higher.

I won't be in support to offer your bitcoin at the present time as cost of bitcoin is expanding increasingly so don't lose your possibility revenue driven attempt to get some bitcoin spare as opposed to offering it, bitcoin is great just to hold for long time as along these lines you will gain high measure of benefit, on the off chance that you need cash you can utilize money just yet don't offer your bitcoin, as much as you will spare you will get benefit toward the end.

Something good to know about selling bitcoin.  Why not, if you really need cash immediately, you can sell just a part of your bitcoiin or hold the other part then  Sell it again next time when the price is right . If you can hold it unti you reached the desired price then hold . It’s all up to you man. We can not intervene t9 your decision. If you think you will get lost, then hold, if you think you can do it next time ,then, release. There is no harm in. trying, there could be next time.

For me I think that is also a good idea because while you keeping on holding and waiting for the upcoming bull run it is better to making safe some of it so you ca have already a secured money and even if whatever happen you'll be secured. That strategy is to having your investment a security purposes. It is slowly movement but there are surely profit so for me that will be a better idea.  

Bitcoin price is rising up in rocket speed and penny-pinching mind is always yelling that hold.. carry and hold your Bitcoins. Don't convert to fedex or spend them. Although, there's a huge risk... what to do?. This can be a question somebody asked myself today.

I didn't answer at him, but, thought deeply about that and got the following head.

If you've 10BTC convert 5BTC into fiat and delay until the remainder is reaching to 10BTC and do the same again.

Is this a helpful advice?

If you do today can be profitable for tomorrow, then do it now. People's strategies are different and I love taking profits through trade and investment and I am comfortable with it. 8)

in any case today it is quite dangerous to invest in Bitcoin your funds. It's better to use the Bounty Company to get a token to collect the start-up capital and buy Bitcoin in this way. I think that this is the best way to realize your investments.

In life, there is always a risk, especially if you are going to invest in something. I think you do not need to focus on the remainder, but vice versa for the whitewash. Then you will know exactly what to do. This is advice and you decide where to go.

Many people have different ways or tactics of life,if what do you think its a better idea then go,if your just hesitating hold for a while then wait for the right time..

This is actually how investment works. We need to take out the capital we initially invested from the equation and roll over whatever profit we got from that capital. In this way, there is zero possibility for loss because we took out the amount we started with. So we are now working with whatever profit we made. This is when the fun starts because everything we will be playing with, whether the price goes up or down are now all profit.

That's  right
"The problem is that you can't count always in fiat when you talk about BTC, it's just not as simple."

it is a good strategy. It goes like, you buy 10 btc with your money. and if btc price now doubled from you bought, you sell your 5 btc and still have 5 btc,
equal to your amount money.
but it will need long time for the coin to increased. Patience is required to do this kind of strategy.

That is good for suggest,real time already created. Now bitcoin price always going to increase or decrease. Today you can buy bitcoin and tomorrow you can sell your bitcoin with the increase time.

If in my opinion bitcoin is a long-term investment it may take years to years rather than months to months, if you want to get more. That all may be seen from the movement of bitcoin values in previous years showed a fantastic increase in my opinion. So if I think if you want to invest bitcoin do it by setting aside a little of your assets routinely so that later you will feel the results and do not disturb your daily needs if you set aside a little of what there is

For me BTC is good for long term investment but it will ony depend on the value of the BTC. It will still depend on you on how you will hodl your BTC, you should study how to hodl the BTC how you will make your investment big, how you will make big earnings from BTC. You should not depend on someone's opinion you should know how to dO your own strategies. You can get your own strategy buy trying it on your own. if you do not try it first you will never know how you will do your strategy.

everyone has its own decision, but I suggest if you join at this time then it will benefit you in the future, but for now public achievements still doubt the existence of bitcoin, for those who have joined the good decisions, see from up and down the price crypto is also not too drastic now, so no doubt if you want to join now

Although we have different ways of making it work.
But it is more about knowing when to invest and be sensitive enough and one can also keep scrapping the gain per time.
  

Yes I also agree with that some of the ideas will be correct in our time so this is how selected we don't have any other ideas then we can definitely Traders and make some extra profit and I need more ideas like this for not only me but also all the new people who have entered and they struggled in this field.

yes, i guess that is a good suggestion. bitcoin is fluctuating, so I think it's risky to invest for a long time. I prefer to convert half of what we have into fiat currency, and the rest I prefer to trade. indeed everything must have risks. but we must think how to minimize the risk. In my opinion, investing has many risks than trading. and I prefer to trade and not just hold on to just one coin. by trade we will surely often see the state of the market. and the state of the market can be used to make a profit by buying and selling. make a sale when we think the selling price is greater than the purchase price. I think it is a good strategy to make a profit, and the value of risk is not too great.

This is a good advice in a sense. That is diversification of funds. Diversification always mitigate risks. But diversification must be very tricky and timely. Bitcoin and Fiat are two quite different currency.Both has potentials. Undoubtedly bitcoin has better future prospect than fiat.Therefore investment in fiat instead of bitcoin is not a good decision indeed.

I think that is based on individual decision depending on how the person wants to make his or her own profits.

Sell ​​or hold? I hope, nobody can say 100% sure what is right, because crypto currency is such a market when it can never say when the pump will be dump, because the market is up-dwon, on demand, bitcoin will increase Then its pice will increase, and when its demand decreases, its pice will decrease, and generally the current hold time, because crypto rules are when the market is dump and when the pump is sold then it can be profitable. , And bitcoin's pice dump is now expected that very early bitcoin pice will be pump,BTCBTC

Not bad advice. If you do that, you will have always 2x profit when you sell your bitcoin.
This is surely need long time to accomplished because your ROI must hit 100% and you can sell it then.
Why not you buy tokens in ICO using your bitcoin ? you will earn more.

Yes this is a good advice for the community peoples who want to join in this  kind of transactions because while waiting your job is end we have another way that we can make on how to earn a other income.

This is the main reason why you must be driven by a goal you set or write down before entering into the crypto world or right after gaining some Bitcoins. This goal is drawn based on individual's preference. The goals must direct you as to how long to hold your Bitcoin and at which price to sell part or sell all.

That's why you should have another set strategy in order to use it when you need it at the proper time. Too risky because bitcoin price is not stable it goes to pump and dump. You aren't sure enough if your 5 bitcoin will increase in number.

There is no point in panicking after getting such an amount of Bitcoin. Bitcoin has come to stay and it's the revolutionary movement of our contemporary world which will lead our society to cashless after it fully understand the benefits and concept of Bitcoin.
Make a plan for your Bitcoin and be guided by that. With that, i don't think you will fumble with your decision to hold or sell.

I will suggest you to make the decision based on your financial situation and how much risk you can take. You friend might not be aware of your spending habits and patience level.

As we all know that bitcoin had reached 19k$ end of the last year. It's possible that bitcoin will rise more than last year. So if you have 10BTC then you can sell half of it. May be it's a risk but price could rise up double in this year too.

It would be nice if you have a better fund to play a game about bitcoin. The last scenario I can guess is that bitcoin will never finish and day by day every new country will access their country because people are busy with their profession who can do useful work with bitcoin in a very short time. 8)

As far as price is concerned here, I don't really hold anyone in high regard. Price rising and falling can happen anytime,  the onus lies on one to determine when to go for the jugular. Risk management 101!

I think I m in support of what you just said about, sometimes holding is very risky because you don't know tomorrow how it will be mostly the business is not what one can predict about  moreover to hold your coins.

At present prices are good and the opportunity for us to change lives. Look at the price of the year apart

If you do not know anything you need some advice that you may need it for today's trading I recommend you sell it and you can have great things for your future for trading for you

Yes, you can redeem your Bitcoin into fiat every time you feel you have made enough profit unless you are the greedy type. Prices will always go up. Then it is good advice and a good money management strategy. If you are going to do it in two thousand and seventeen you will achieve your goal to draw half of your Bitcoin.

You just smart. Doing these things you can earn money in short time. And one thing that I like most of all it's about the risk, you decrease it. Go on.

What you are referring is basically a concept of trading and holding as well, people will just invest and hold it for a very long time while they focus on their work in the corporate world.

Well that's not a bad idea at all and it's taking profit when it's available while still having a stash to make futher profit. Though long term holders wouldn't be thinking this way since the prospect of a major price uptrend is very likely if you hold for a longer time.

If you really trust bitcoin i dont see any reason why bothered by this situation but the way you have been asked this seems that you dont trust this coins that much.

Bitcoin is the best holding material for long term investing and theres no doubt about this,whats the problem is if youre buying bitcoin just to gain quick bucks this makes difference because the risk will be on this matter