Bitcoin Forum

if you had many bitcoins now, do you sell them or hold?

remember if you sell now and :
Price drop : you will be lucky millionaire.
price goes up later : you will be stupid millionaire.

if you don't sell now and :
Price drop : you will be broken.
price goes up later : you will be Billionaire

I would hold them and I will. I don't have that many bitcoins but I think the price goes up so I'm making lot of profit with that I have. I would totally risk to be a billionare

May I ask why? Holding while the price is falling is almost as stupid as selling while the price is climbing!

If i have many bitcoins now i wi hold it for a long long time i will take the risk, bitcoin have a bright future, bitcoin will make me billionaire someday.

For ex., you have bitcoins or other criptocurrency for 1+ million $ and do not have fiat money. In this case you can sell a half into fiat money - it will be the best option.

i'm going to sell %20 only of my bitcoins, i guess this is best solution.

I think that if you got enough btc to turn them into just 1 million then you should do it. Better safe than sorry.

There is no such thing as a "stupid millionaire"...

I would sell some coins and diversify (put money in land, gold, bonds, some other cryptocurrencies etc).

Going all-in and trying to become a billionaire is risky. Bitcoin has already had a very good run, but there is no guarantee that the next nine years will be like the last nine years. Especially as some very good alts have been launched.

Those people called believers confidently think the future price of bitcoin sooner or later would bounce back due the factor of bitcoin gonna be the most wanted thing to invest more than gold and considering time after time the supply of bitcoin to be mined getting harder, the market would have high price, as simple as like that.

I think greed of money can never end for a person if he always wants more and more, and here is where the person goes wrong. If a person has already become a millionaire there is nothing bad to think of becoming a billionaire but he should keep in mind that he should have a stop on his greed for money at some point. In cryptocurrency you never know whats gonna happen next so its better that you become a lucky millionaire instead of becoming broken only because you thought that the price would rise.

A sensible person would take a profit from a good amount of his coins.  Sell around half his coins.   And leave the rest.  Then he will have money to buy if the price goes down again.  Or he will make a profit on the ones left in if the price goes up. 

I don't understand what could mean the term "stupid." In order to earn that kind of money you need to keep mind. It seems to me that "stupid" poor people envy the millionaires but do not want to work. Those who do not want to work they hold the coins and wait for them to rise in price. Those who are able and want to work to earn coins at any price. For me it does not matter how much currency. If it has a turnover you can always get the value added.

I think the general idea here is to be smart about it. Whether you sell or hold will still have their associated risks. If you got Bitcoins to spare, observe the trends and be prepared to sell some if the price peaks. Personally, if I do decide and sell some (or even one) bitcoin, I wouldn't really go back and think if I made the right choice. I don't need any regrets when I sell.

Depends how greedy you are. Sell 25%.

This a great after scenarios stated. Yet, for me ir is more likely a logical basis. Though it is really after the future state of someone who wants or won't be risking yet he or she still don't know what future holds. As you can see, three out of four choices states that you could be a millionaire or even billionaire at these scenarios. Yet, only one is after the brokenness. Which made me say that it is okay and no regret to risk what you have in bitcoin.

The thing is even then it makes no sence. If they had sold all when the price started to drop  and would buy again when the price start to raise again then they would still make way more money than with holding.

That's true. I mean most people who struck gold in any market or venture has always had that "leap of faith" moment where the risk, although it is calculated, still has lots of room to go the other way and backfire. However, that's how businesses are; there is always a risk connected with it and those who has been successful are the risk takers that tried on a new idea or took the plunge and worked. Thus, in this case, I would try to play my cards right. I would take the risk of being a billionaire, but not be so aggressive that the line that separates risk and stupidity blurs.

I think there is a happy medium, that is, sell a game to secure winnings, and keep another game to continue trading

So that is a fantastic argument for selling in any case, as an Stupid millionaire can stupidly use its stupid millions for whatever (stupid) things he wants to do, whereas a stupid guy broke has not much LOL  

I should really happy if i become billionaire soon. I will stick to my instict in not cashing out my btc on my wallet amd wait for the right time for btc to pump up again. i will be a risk taker for me to have no regret someday.

If I got to have many bitcoins, I will do both. I will sell half of it and hold the other half. I know becoming billionaire is really awesome and exciting but I don't want to be all in in investing in bitcoin. I don't wanna take the risk of investing all of my bitcoin for the future, although I believe in bitcoin, we still don't know what might happen to it in future, it may rise, it may also fall and it would be sad if bitcoin price fall.

If you ask me I will put some money into potential altcoins that could give me nice returns. Some portion of it I would sell - only If I really need them, but if I could support myself without trading BTC to fiat, in this case will hold bitcoin for sure. Either we call it bitcoin or something else in future I see that we will be able to transact freeley with many services and merchants accepting crypto currency which is why I'd say I'd hold.

It takes guts to hold, specially if you bought in early days.

In the most difficult way to earn a Bitcoin it is difficult to make this important deciscion the need to decide. Big Holders or Investors in Bitcoin and very knowledgeable in this trend I think they will accept if there a risk on this situation, especially in this case they may not be able to understand if they have a great deal of profit if it is wrong or not they will know that even if they are able to do it can do more well the way.

Id rather be a risk taker to be a billionaire than to be a stupid millionaire. Im a risk taker in real life and I think it would be nice if i have no regret in life.

Millionaire or Billionaire makes no real difference. Most people are neck high into debt and if your investment can lift you

out of that debt cycle {rat on a wheel} then you are already on your way to being a Millionaire or Billionaire. I think it is

better to rather invest {to get your foot in the door} than not investing and not having the chance to make those millions.

You cannot win the Lottery, if you did not buy the ticket.  ;)

I'd be okay being the millionaire. I recently sold most of my BTC and transferred it to alts. Selling while the price is falling only makes sense.

The idea is to always mitigate the risk by never putting all your eggs in one basket. A saying that works for pretty much every other investment opportunity out there. The way I go about mitigating the risk is having 50% of my money in fiat. That way I don't lose too much when the market dips or even crashes and I have the advantage of being able to buy at premium prices. Would never use something the likes of tether or anything like that, tbh.

if you sell now or if you hold now and at the same time you are only thinking in terms of being a millionaire or a billionaire,... you ARE dumb no matter what.

because it means you just invested in bitcoin, the biggest innovation at least in financial/economical field and you never understood what you invested in. you might as well have bought a sack of potato and made the same profit!!!

For me, if the bitcoin price is at the high price better sell it. Do not sell all the bitcoin. Sell a portion of it for creating wealth such as buy a property. That is my opinion.  ;D

Actually being a millionair would do the trick for me. I do not see any difference in my life if I was a millionair or a billionair.
So If I would get the chance of earning that much money by selling my coins, I assume I would do that.
At a certain point you need to enjoy life.

The only strategy is there to be successful in a field. So we must be wise and always our timing for buying and selling faster we being billionaires.

I like you analysis of how it will be. Yes I will rather be broke if the price drop or a billionaire is the price goes up. Best things in life  do not come easy so it is a risk one has to take

The smart thing to do would be to divide your assets between bitcoin, a variety of altcoins & traditional assets (stocks, mutual funds, etc...)

I am holding for long term as I strongly believe that the price will reach 1 million mark as well. I do not need any funds for now.

I would be very happy to be a btc AND fiat millionaire :)

I mean, you don't need to sell all your stash at once, I think I would be a millionaire in both fiat and bitcoin way before becoming a bitcoin billionaire, and so should any.

if you sell bitcoin, you are buying fiat currency !

does it sound smart for you to buy fiat currency ?

If I had a lot of bitcoins, I would sell part of the bitcoins, and part of it would invest in altcoins and leave the rest of Bitcoins for the future.
It's a shame I did not leave bitcoins when I started with Bitcoin ($ 90 for BTC) and I would be rich and happy.

I agree to this if you sell your bitcoin you are buying fiat currency, but if your holding bitcoin it's like you've value the price of bitcoin. We're millionaire in our mind but billionaire in our wallet.

Yes, to give a meaningful answer to this question you have to put in in context. It all depends how much FIAT you have, ie how much you can afford to lose everything. If you have not enough FIAT, to sell half is probably the wisest option. Leaves opportunities open without having to run the risk to get broke and ruined.

More of a broke than broken really. Anyway, you're wrong. Take my situation as an example. I have some coins from 2014 that costed me $500- $700 each. If the price drops I won't be broke, not even close, especially that I've withdrawn my initial investment already, so even if it goes back to $500, which is almost impossible in the current state of cryptocurrencies, I'll still be gaining something.
If I had 1 million USD in BTC now and my coins were bought at $10k a coin I'd be a bit nervous but hold anyway. It's going to be worth much more at some point and it would be a waste to miss that chance.


That would be my choice every time. It's not even greed but reality. The chances of it going back to $13k arte at least twice that of it going to $8k

I will hold my bitcoin, until it reaches the highest price
and I will be a billionaire, and your opinion is also true
If I sell now I will become a stupid millionaire, therefore, I will not sell it now  ;D

Why becoming a millionaire made me stupid because I didn't take risk and become a billionaire?Having more money than what i need won't make me happy or clever.  For me, bitcoin is a tool for my road to become financially free.

The crypto world is very volatile and stressful. I can understand people not willing to experience this stress. If you have made enough money which is going to last you a lifetime, I see no problem with cashing out. People have their preferences.

If I were you, I would sell half of my crypto currencies.
As a result you will be an half sputid millionaire or an half Billionaire...

Sell a big part so you are a lucky millionaire, and keep some bitcoins on the side

It depends on what makes you happy. Most people will settle for a millionaire but the choosen few will hold till the become billionaires

Agree

I use bitcoin often. Most of my funds are in crypto. It is just better then fiat. You can just spend as you always would when yo uspend fiat but you use crypto. You keep savings and use the rest. No need to sell them all. Keep them and sell only when you need. Otherwise spend directly from your savings but always keep a certain amount. If you do this you can even out each possible outcome.

I will hold my BTC because I know the price will go up very soon. I know in no time, I will be a millionaire

Why not sell an amount of it for just safety. And hold what you have in bitcoins this way if the price drops you would have something that you gained from the experience. And you it would be okay that you gave it a try. And if the price goes up you would be the same billionaire.

Either way you are a millionaire, who cares xD.

Doesnt matter if you were right or wrong, if you have financial independence you are one of the lucky ones regardless.

I'll hold if I have a lot of bitcoins in my wallet. Striving to become a billionaire is too much for me. Lucky or stupid it's fine with me you can call me whatever you want as long as i'm gaining profits from my investment. Selling bitcoins is also not a bad idea if you really need the money just don't sell them all in one go. Right now i'm doing it, I don't have any plans of selling because I believe bitcoin's price will recover.

Then is no way that you are going to go broke by not selling your bitcoins at this very moment, take a risk because if you don’t sell there is nothing wrong with becoming a millionaire at all. Just hold till you can’t hold any longer.

well if I would have enough btc to be a millionaire, I would definitely sell them and enjoy my life and establish a new business like a factory and even if the price goes up I wouldn`t care cuz I have taken what I aimed and the rest is just greed.

Holding all of them at this point seems scary to me if you were one of those people who invested very late at anything over $5000 per BTC

sell some, enjoy that money or invest it somewhere else, stocks, a startup,...etc; and hold the rest and just wait and see.

He’s probably looking long  term though, if he can out wait the drop and wait for the rise then there’s no issue for him

And don't forget, like any kind of investing, there is option D, E, and F, which are varying ways to lose all of your investment or going into the negative because you couldn't afford to invest in the first place.

 :D

I will play this on both sides, since I have much bitcoin better for me to sell some of it for what ever price right now and use this as my capital to make a real business. Don't be so greedy because there is no assurance in this kind of market, well if you sold or hold some of your bitcoin you still have holdings to use for and can still make more money later on. The important things on this decision is that, you are secured already.

people always tempted by greed we cannot deny that about selling or holding strategy i see this kind of talks for the people who dont think bitcoin or crypto will become a replacement  for fiat i know crypto are having a lot of threats but its still a possibility that crypto will replace fiat someday so i guess if i have some bitcoin or any other currency i will spend only what cover my expanses and save the rest for the coming future why i ould have to sell them all its an economy working  the crypto gaining more interest everyday and people change and the world changing maybe replacing fiat money is close and you don't know it

In my opinion, selling half of bitcoin may be a wise choice.
Even if there is a big drop or a big increase in the future, you won't regret it, because you could be a millionaire or a half-million people. ;D

Funny thread but its good to know what people will if they are millionaire.
In my opinion about that, i will choose become a stupid millionaire than broken. If i am broken, i will be more stupid losser.

You're talking about if i had many bitcoins now, i wouldn't mind to hold them since that means if i got a lot of bitcoins then i probably got a lot of money to bough them at the first place. Then i consider not to sell them when i don't really need the money, i will only sell them when i need the money the most even i would buy more bitcoins or ethereum since the price drops. It would double my investments not to mention tax evasion  ;D ;D and thats because i got a lot of money  ;D ;D But if you're broke and dont have any money, probably you already sold the bitcoins a long time ago and i dont really believe if you dare to hold bitcoin for years when you can't even feed your own stomach  ;D ;D

If I had many bitcoins I don't want to withdraw it all maybe only half of bitcoins to withdraw then other half of them hold bitcoins and its ok to me if I am stupid millionaire or broken but I'm still rich. ;D

If I had a lot of bitcoins, I would sell half, and the remaining half would continue to hold for the long term.
If the price continues to fall, I've sold half of it, and with cash, I can completely ignore the downside.
If bitcoin continues to rise, I still have half of it, and it will bring me enough wealth.

i agree, i will sell some (%20 to %40) and hold remaining.

It doesn't matter because it all depends on what you believe and for sure you will not become a millionaire in bitcoin if you don't know how to analyze the market because all of the years that you spent in bitcoin should have given some results like you learned how to read charts that will help you to determine if the market is still on a bull run or bearish.

how about sell half? :)

Actually, you don't need to choose only one between becoming a lucky millionaire and a future billionaire because you can be both. I think the right way to do is to spend your btc if there are needs/wants and expenses you need to fulfill but don't forget to save some of those so that you still got a fund if ever you need money again.

It's just a matter of self discipline and being a wise money holder. Achieving these will give you a fruitful life not only for today but also tomorrow.

Depends how many you have I suppose. If you have 1000's then maybe sell half, become rich, just not as rich, then if the price rises, still a billionaire at some point, if it drops, then still rich.

From my prediction of the price of bitcoins it will not reach   $15000+ it will just get stuck at 13000.
If I were you I would step on the safe haven and have different kind of investment with it, somewhere where it can be safe. Bitcoin is very volatile thus making it risky. You will feel more sorry if its price suddenly drops and ending up with less.

My professor told us that when you reach a level of being rich, all of you aren't much different from each other. Isn't being rich just enough, will your life be more better if you had an extra more of it.

I will try to find a middle point, sell a part and keep another.

I do not agree that if you sell now, you will be a lucky or a stupid millionaire. You will be just a millionaire and it's just great. There can not be a person who is both stupid and a millionaire at the same time. Although...

The amount of money I invested, I already considered to be lost. So by playing like that I can hold forever.
Go big or go home.

Why would it be stupid to for anyone or someone to be a billionaire because such things do not really exist. We became a millionaire because we make a smart or wise decision isn't it. Now how do you say that it is something stupid when you make a correct choice millionaire's are not stupid they just accidentally make the right or an eager decision during that time.

If you get a billion you want more billions. Economical freedom is not as much the amount of money you have, as how you choose to use the money you have.
We can, to a large degree, all experience some sort of economical freedom if we set our costs in accordance to our earnings. As to your question, I would totally cash out as a happy millionaire, regardless of the future price movement of the coin. I'd rather have one bird in the hand than ten on the roof.

So let me search first what kind of emotions we may call to the person who always checking their blockfolio and constantly changing its mood when the prices change as well? It's gonna be me, but unluckily I didn't hold that big amount so far.

Investment is depends on strategy not depends on lucky or making stupid decisions. If I had many bitcoin in the situation declining prices I would never have to sell them, because I will be lose if I did that. But if has reached with the price what I want, I will sell my bitcoin. I just want to be a billionaire with my own strategy, whatever in trading or investment.

Even if I sell my coins now, I won't be a millionaire. I calculated the net worth of all my coins and they add up to around $90,000. After the taxes and exchange fee, I will be left with around $60,000. What I am going to do with 60K? I would rather hold on to my coins.

If I would have many bitcoins now, I would have loved to hold and accumulate even more. Because bitcoin price is stabilizing around 10.5 k USD and not going up to any insane price level. When bitcoin reached 20k USD in 2017, majority of the investors were almost certain that bitcoin will see a huge correction and that is exactly what happens. But usually we see a huge upside potential after the correction and stabilization, which is yet to come.

So I would probably prefer to hold and accumulate more to reap the benefit of the price surge that is going to happen in near future.

i'm not have much Bitcoin, so i think i will hold my bitcoin because it have a low risk and i will buy back when the price down again.

The problem with some of you guys is you're still treating BTC as this volatile novelty with uncertain future and fiat money as this stable and safe way of keeping your wealth. You think that the eventual outcome for any BTC holder is to convert to fiat money. It is not! The ultimate goal is to turn all tokens (fiat, crypto, stocks, bonds, whatever) into real physical things that you will use to make your life more comfortable. A house, a car, a boat, even a plane if you need that. You can get there without ever having to convert one token into another.

I have some coins, I don't have much but I keep then and I will buy more when I can afford it.

The main thing is not to become a stupid beggar and not to cry because he did not sell on time. ;D

The thing that those people who have no idea how to trade properly make you think it's doesn't work , it won't work and better just holding. Imagine when the price move at $9,000 - $1,000 range. How much money you can get while holding yours ? You just missed the opportunity! At least we have different way to reach our goal to make profit as much as possible.

As long as my profit is what I expected, I would choose to sell it. After all, it is an investment. There will be uncertainties. Therefore, I will not risk any speculation of profits unless I have definite confidence.

If I were to be a millionaire right now, i would settle with that, no need to become a billionaire with bitcoin risking all my bankroll. I'm more up to do some other type of investment if I had that amount of money. Nonetheless hypotetically I would go with billionaire choice, I believe in bitcoin and its future

Personally I would say it’s better to sell before the drop and rebuy when the price drops so you can have more BTC to HODL for when it’ll rise again

LoL it depends on your thinking, try to be stable man