Bitcoin Forum

Just out of interest...

I am a long term HODL got in in Oct to BTC/LTC (orignally 2bitcoins in 2015 but sold due to expensive kids haha). I always said i'd hold long term, but tbh i dont really have a point in my mind where i'd sell.

I'd suppose, i'd stay in to the point where i'd be able to pay my mortgage off, which would mean LTC would need to be £6000 a coin and BTC increase accordingly.

What price do you have in mind which would be a sell point?

I might cash out some profits for fiat in the very long run (at least at +$100,000 levels), which would be to buy myself a house if that involved party doesn't accept Bitcoin, but the far majority of my coins won't ever get sold. I seriously can't part with my coins knowing how powerful Bitcoin is as tool. It gives me that peace of mind knowing that I will always have wealth sitting in Bitcoin that no one but myself can access. I still have some early 2013 coins that till this day haven't moved. Not even to claim the BCash and other trash forks and airdrops.

No matter which crypto it is ,it will grow in price ,some might show instant spike and some might take time to spike.btc price will continue to grow as it is most known currency.eth ,neo,waves,stratis,qtum,eos,ark,etc are giving new meaning to cryptocurrency as cryptocurrency is not just payment method but also can be used in various ways.holding above mentioned crypto for 2-3 years will give a great profit that can satisfy a person need if the person is not greedy. ;D

I have not yet decided the price exactly when to cash out.But I would sell a small percentage of it to enjoy the current price rise and I hope that Bitcoin deserves much higher price than its previous ATH and hence would continue to hold for some more time until I would get a must situation for my family's progress in future.

I've been holding for quite some time now, and 100k or more does sound like it could be the ideal 'sell point', but I don't think I would sell all my BTC. I might sell around 40% of my btc if we ever reach that number, just so I can have some fiat for day to day stuff, and then keep the remaining 60% in my wallet, just to spend it over time as I'm pretty sure that by the time bitcoin reaches that round figure, we'll be able to use it to buy pretty much anything.

That is really fascinating that you hold up to this point in time where cryptocurrency are exponentially increasing disregarding the price correction because most of the coins have their tremendous pump in just 2 months, 2 bitcoins nowadays is really an expensive asset given that 2015 price ranges from 300 to 500 USD but now the maximum amount that it reaches is 20k dollars but I can't blame for you for selling 2 bitcoin as you can have more coins in your inventory because your one of the early holders that got this point and we know that time it is one time big time increase well the fact that it can have a greater feats for the future years, for me the selling point must drop by the range of 70k to 100k price per bitcoin.

Hmm. I have never really considered the price I will be selling all my holdings though, at least for now. Probably, because I trade, and what I get from trading crypto is good enough to keep holding more coins with prospect and still having a lot to spend on other necessities. So, I will say a very long term it is for me.

Nice question I must say. Most of the people think that HODL is like you just sleep off with all your coins in a private key and wake up after months or years to sell it but its not really like this. Most of the people really do monitor the coin regularly. Moreover what is the point where you think that the HODL has been successful.

So my theory. I usually always have a theory behind my HODLing. It might be the underlying project or some important announcement after some time or the prospects of the project. So the point where I sell is the point when these prospects are achieved. I dont think much about it in terms of price targets.

If you are talking about ICOs specifically then I will wait for 3x - 5x depending on the project and hype. After that I'll take out twice the amount that I've invested and remaining I will hold till the project roadmap is successfully achieved. By this way you won't lose much and you can avoid panicking when price drops.

Just like Bitcoin itself and everyone in thisarket have no idea what the actual value of coin is, I can't predict or target the price at which I should sell. Most likely I am going to keep my Bitcoins and wait for it to become a standard mode of payment worldwide and then use it to pay or do things. As such, I don't have a peak price in mind, and won't sell them until an emergency arrives.

I have a big amount of a coin that is few cents.
Will hodl till it gets big!

Still nothing to show, but till $1.

I was waiting for 20000$ price and sold some of my coins at that price, now am waiting for 35000$ price and hopefully we will see that price by the end of this year. The correction may take some time now to regain back to its normal rate so till then Hodling is preferred.

Don't hope to much because you will end up on rushing up on selling out your coins so early and I'm sure those prices would takes years for it to be reached. Sometimes emergencies are the main reason why we do sell out early but we should not regret since those funds are being used on purpose or do have the worth not compared on losing those coins or money because of scams. Its just fine since there are still lots of opportunities to accumulate and hold coins again.

It depends on the situation. If Bitcoin becomes the norm at whatever point in time, there is no need to sell any of my coins. If nothing changes and it's just the price going up, then I might sell 50% at most, which will be invested wisely, or used as capital to start up my own business. The other 50% will be kept to see where Bitcoin is really heading to. I want to be part of this revolution for a long long time. Only people that are totally focused on fiat will end up selling all their coins eventually, and more often than not, it will leave them a bad taste in their mouth. Seriously, sky is literally the limit -- I can't even imagine what Bitcoin's full potential is....

For me if i bought bitcoin in cheap price should need to hold it for a longer time until the price increases 100% or more but for my own strategy i always sold my bitcoin every time the price is high only 15% of my bitcoin sold so the remaining bitcoin are save and i'' sell them if the price is going to increase again.. we don't know when the price will increase more again and there are times that the price is down so holding them for a long time would be great idea.. So there is no sell point of selling bitcoin just sell them either 10% or 25% every time the price increase 10% to 30%..
This is just my own point but you can set your own..

   I do not know answer on this question. I see myself as long-term holder, I remember
on what prices I bought, and I hope for the very high profit in couple years from now.
   Maybe I will not have to sell at all, maybe it will possible  do many more things directly
with Bitcoins. I plan to hold for years and that is my only plan, how months and years are
passing  will make new decisions.
   When I think about future I realize that many things can happen, good and bad. I wish to
feel optimistic and to be ready for future. That's why I hold and wait patiently, when future
comes I will make decisions.

The quick answer here is buy low and sell high if you have targeted price then sell to get profit. always remember buy sell repeat!. yes we all know bitcoin is very volatile and there's so much drama roaming around. Pick a best altcoins in coinmarketcap and sell it if youre in profit to get more bitcoin.

100K is a nice number. Probably worth getting out at around 95K however as it may crash after.

i would not sell. i would wait till the day btc is being accepted to buy properties and cars then i would use maybe 1000 satoshi to buy a house.

$100,000 per Bitcoin is my target to start selling. However, I wouldn’t sell it all. I would sell a small amount and do that every year. As each year passes, hopefully Bitcoin will continue to increase in value and my remaining balance will still increase in value while I’m cashing out.

I am not a believer of 100K bitcoin price so I will not wait that long. I am holding a few bitcoins and I am just waiting for the price to get to 20K before I sell and buy back again when it drops. I am also holding some altcoins that have low price. I may hold them for a year or two, if it gets profitable like x40, then I would sell them. If not, then there is no problem with me holding them longer.

The point is not the price, but what you would get contextualized in the needs of your life. If cashing out would solve ALL economic problems I may face is future, I may do it at that point. More likely, I will cash out 10% of what I have at every rise of magnitude of the price - so with Bitcoin at 10,000 I would sell 10% of assets, when it reaches 50,000 I would have to get another 10% slice or so, and so on.

Actually i'm not sold out all of mine bitcoin even though if i saw already my profit was already there, as long as i don't need a money i wont sell.
My point is i hold bitcoin for urgent purposes only in the future, i planned to hold this as long as i can not just spending in nonsense way.
The reason why you just sell your bitcoin because you a need money and that's a point here, at least it is really helpful to you or for us that we have quick support when it comes financial problem. For me i hold bitcoin for emergency purposes i do not mind what the price would be a sell point.

You shouldn't really see bitcoin this way. Right now we are at $11.000 and struggling, and a lot of people say that they would sell it at $100k if it ever gets there. But from my point of view, if bitcoin does well in this crypto experiment, and gets the levels of adoption we all want, then we should see it rise to $500k or even $1M. So why would we sell it at $100k? I sold some already because I had to, but I will continue to hold my coins until I can actually use them. That's the hole point of bitcoin. To use them as a form of payment, and not to exchange them for fiat.

as for me I am going to hold it as long as I can. I work, and my wages are pretty good, so I can be patient to see whn BTC is 40 K at least.

I'll hodl as long as it doesn't cause a severe burn on my psyche. No seriously though, I got in early enough, caught the altcoin boom and influx of new investors. It would be silly of me at my age not to have fun with this new technology, currency, economy. I see no number that would make me feel one way or the other except 100. Which has crossed my mind a few times.

You just set a big goal and forget about it, a long time later you will get a miracle ;D ;D

It all depends on when I had my entry point for a coin, what is the road map for the coin I am holding and also if it gives dividends or revenues, how much of it do I hold for long term revenue generation and when do I sell off a portion of it? Well I am not sure to be honest as every coin and every situation is very different from the next. I will assess each coin and situation, then make up a plan of entry/exit accordingly.

For me I would sell it when it becomes 50x of its cost. I would not sell all of them but maybe half of it only. In this case I already get the principal and much profit/gain.

If I keep a coin in the long run, I sell it no less than + 100% to bitcoin. The optimal profit for me is + 200..250% to bitcoin.

Depending on how much one has at the time, 100k each might be enough to achieve financial freedom on. Would be hard to pass up on that by getting greedy and hoping you would end up rich.