Bitcoin Forum

It is one question that comes to the minds of people, who are not day traders, most often in one form or the other. Looking at the soaring value of a bitcoin people make and have made a 'general' investment in bitcoins. There are again others who invest for a particular purpose like their children's education or to buy a property for instance. But whenever the right opportunity comes and when they want to sell, they are hesitant. This may be out of greed that they may miss out on even greater profits.

A long term investment is to meet the long term need of life. Throughout life there are needs. Even after the person dies, it appears there are needs hence insurance has become important. In such a scenario people do make investments for bright and secured future of themselves and their family. And this is necessary.

When such an investment is made in bitcoins, there is a chance that bitcoins may in fact prove worthy of their expectations and soar to a value that the investor initially desired. At this juncture, the investor can sell the bitcoins and choose to fulfill his desire. But most times he is tempted not to sell looking at the growth of bitcoin.

If selling the bitcoins he has invested for this purpose was the only way to fulfill his purpose, the investor of the present times seem to have been caught in confusion as to whether sell or hold.

I understand the whole tactic of holding bitcoins for long term profits. But the whole point of investing is to gain profits and use them for your own benefit, much more during in times of need or emergencies. If you find yourself in a situation where there is an emergency and your hesitant to cash out some btc's because you still believe that its value will go higher, then the whole point of you investing is somewhat gone/changed. The notion of "holding for as long as you can" is very unrealistic, because you can't do that in real life. At some point in life, we're gonna have to cash out btc's for us to use them or do you expect to "hold" these until you die? 

It depends on what you think, if not needed, there is no need to sell bitcoin, Bitcoin can be used as long-term holdings. Of course, if bitcoin reaches where you feel comfortable, you can choose to sell, but often no one will do that because people are greedy and they only crave for more.

Withdraw a portion and meet a need of life whenever required is the best way. When life requires anything urgent, no point holding for long time, cash out and meet the need.

Holding bitcoin for a long time is an advantage because we all know that the price of bitcoin keeps on increasing though sometimes it goes down but we know that it will go back to its high price. They go into investing to wait for the right price to come to become more profitable. But sometimes it also depends on the need of the person that's why they prefer to sell bitcoin just to sustain their needs rather than holding it. Like me I wanted to hold more bitcoins for the future but sometimes due to some important needs I cannot refrain myself from selling it. And as long as there is bitcoin have to work harder to earn more and do both saving and holding bitcoin for a better tomorrow.

There is always a difference between what you need and what you want .

If you want to sell all your Bitcoins because you want to buy some new clothes that you dont need or to go around in parties and stuff then this thing can always wait .

You can easily wait for a while and hold on your coins.
Only sell where there is an absolute necessity , try to hold them if you can because it would give better returns in the future .

Selling bitcoin to meet a need in life versus holding longterm for a bigger profit, for me it depends on the situation, if it is really badly needed and no other way of fund source, well maybe i can withdraw a portion of it to solve the needs and retain some for holding, at least I still hold some and have something to wait for profit in the future and i guess whoever on the same situation will do same thing😃

That's a good question, and I believe that many are asking themselves that same question at the present time.This sort of thing should have some sort of strategy,when people invest they need to know in what they invest and for how long.In case of BTC we all know what kind of risks are involved in such investment,and two most important things are price and security.

Before any investment in BTC everyone has to determine the amount of money willing to invest and time when that investment will be realized.So if you invest 5 years ago(2013) and your time frame is 10 years,then you should be strong and not think about selling for the next 5 years.

As you say people invest in BTC because of different living needs,some want to buy new house in next 5-10 years,others invest for the purposes of schooling of their children.Some will not sell BTC never,but will leave them to their children or grandchildren.

Each one of us has different purposes why we are investing and earning cryptocurrency. For others it may be their bread and butter while for others it is for long term investment to provide for their needs in the future. Base on the status of bitcoin nowadays, there are still many people who are investing in it because they believe that it will be valuable in the future and for those who aims to increase their stash would choose to earn more by participating in earning opportunities here in the forum or trade and if they have a need then they have the option to sell it. Just always remember to invest only what we can afford to lose.

Yes. It is wise to hold bitcoin and sell it if the value market is risen and especially if you really need the money.

Thing is if you sell you will feel bad about selling and in reverse : if you hold you could regret holding. In my opinion you should go hit the desired amount and try to move your investments in something else such as a bit more stable investments with lower % returns. But again if you are here because you simply would like to use this as currency then there isn't anything of why you will look into selling.

What to do when you have invested when price was going up, but now it has dropped %40? you should sell or wait? investing on Bitcoin has to be made using the money you would never need. if you have no use for Bitcoin other than investing for profit, you should be ready for times like now, you have to remember how many times something happens in crypto, if you remember them, there should be no confusion.

How many Bitcoins do you think people could earn in a month here? comparing to ICOs nothing, opportunities are not really what you think, they are using you and Bitcoin to fill their own pockets, just remember to invest on Bitcoin and activity tokens if you don't want to pay your tax. lol.
Yes. I am a beggar. tell me something new, I already know that.

I periodically sell to lock in profits. 

I agree on these one. You should withdraw if you really need it. There is no point of holding if you will sacrifice your needs in life, But withdraw only if it is necessary, such as emergency or etc. If it is only for your want, then I suggest for you to just hold.

Yes we can hold it for long time and it's recommended but some altcoins need only day trading because the price of that can't go really high not like btc price that can go really high like now,try to monitor different altcoins some price only stay on 1000 satoshi to 10000 satoshi so it's not for long term but it's more on buy many then sell it with 200 satoshi high.

Well the answer is already in your question.  If you are doing bitcoin for an extra income or it is just your income then there is no need for you to keep it.  All of us here are with the same goal to earn money.  So if you meed money then just use it.  And when you have an extra then that are the one you will keep.

There are two kinds of people who technically hold bitcoin and later spend them and the other one is the one who save them so they can get more by buying and investing to the crypto world. Just want to share this but when its about our life....

 
Good things I read this threads prevoius post and about this is post that states you should only widraw if if you need it no need of bitcoin if your into the point of losing someone like your love one beccause that bitcoin of yours can only save someones life.

For my own comment

Everyone states that they want to have bitcoin because they want to invest and get mocommentmime is the same but when you typically need it the most get it to get somethings that you really need because that is what the real moneys porpuse.

I agree with this , but the volatility makes it hard for people .  Everybody has the pizza guy in their head , but never forget why you got in . And if you have reached you goal you had in the beginning  , you should sell at least a part.

Cryptocurrency is a volatile asset. We don't even know how much time cryptocurrencies will live. In such conditions it is possible to make long-term investments? The best option is for me to earn money now. If you can earn more money than you need now you can store in different currencies. I do not rule out that part of the savings can be kept in bitcoin but only that part which you are not afraid to lose. To rely on this part I do not recommend.

Yes, volatile but not getting struck within some range. If you notice, in long periods most cryptos are getting appreciated in their value. So, holding bitcoin kind of highly established crypto coins definitely fetch big advantage than just working for cryptos and selling them for our daily needs.

Because, crypto currencies are still in their early phase. To gain attraction from all the people around the world, it is still having investment property. We must make use of them. So, holding is highly recommended for those who are all want to make some easy money still there will be many risks are associated with it.

Holding or selling bitcoin for whatever reasons is always depend on one's decision, motives or objectives. Anyway, everyone has an option to sell part of its bitcoin for necessity, and part of it into hold for investment.

For me whether you hodl it for a very long period of time or sold your hodlings for a short period is not a bad thing, because we have needs in life just like what you have said, there are times that we really need some cash badly and even the price is not acceptable to us we need to do what is necessary for our needs in life.

Long term hodling of bitcoin or any kind of crypto currency are really rewarding and you need to have a lot of patience and faith on what you are doing or beliefs. But it is really hard to hodl a certain coin or token for a very long period of time unless there were no financial problems that will come on your way.  :)

It depends on the persons needs. If you had invested bitcoin for your future and you have enough money to use for your daily expenses you can hold it for a long time. But if the financial needs occur and you really need to be able to sustain the you must sell some. My only advice if you are for a long term investment set in mind that you should think that as if you do not invest for you to be able to hold your coins for a long time.

I think you can choose to sell some bitcoin, which should be enough to satisfy your needs.
The remaining half you can continue to hold as a long-term investment, which I think is a good idea.

depending on the owner of the coin itself, whether he will hold or sell it
If I am private, I prefer to hold it, and for my family to need every day, I have set aside my money before investing everything in bitcoin .. and in my opinion this will be enough for all of us, until bitcoin prices reach the highest. then i will sell it
Confidence, and patience, are needed

We can't blame those who are selling their Bitcoin because they are really in need of money, since that's why they want profit which is to fill their needs. But I think if it is possible, it is more wise to just hold your Bitcoin. Its market value has a hue chance of becoming more expensive. As such, you will have a chance to earn bigger profit in the future.

Well,I think it really based on the person who using bitcoins.If someone considering bitcoin as an investment not a means of currncy then he have to sell it when the goal price of him reached.
If someone thinks bitcoin as a future form of currency then he need to hold it forever because crypto currency is going to be the future currency.

Yes it true that there are people who are piling up bitcoins to use them simply as currency of the future. At the same time, holding many coins will give the advantage of selling at right time. This in itself is an investment. But many do not trade their coins for a brighter future and higher value. Today the market is volatile and we are able to find a drastic fluctuation in the value in a very short period of time. But in the long run some of this investment can really fulfill the need of the hour coming up then.

People who may use it as a currency and simply are stacking up their bitcoins have actually earned them through trading etc. One who has put in money may little consider the value of bitcoin as a currency compared to it being an investment. It is also important to fulfill the purpose of any investment to utilizing it in the best way possible. As the saying goes, the one who knows to spend is the one who knows to save. 

A long time holding of bitcoin is not good...it may lead you suffer major losses..so better do small investments for a small span of time...sell your btc after some intervals

Yes, until now investment on bitcoin is very promising. What we know bitcoin prices are so volatile, so many people are confused when buying or selling bitcoins. I'm sure everyone will be the same when buying bitcoin wants at lower price, so when bitcoin goes down they will continue to wait until bitcoin decreases again, as well as by selling bitcoin they will get confused as well when selling it, when bitcoin prices goes up, they will wait for bitcoin prices until more up. My strategy of investing in bitcoin is, I choose short term and long term. I mean, when bitcoin price goes up I will exchange some, not all bitcoin I have, to provide for my daily life then I hold back.

You do understand that bitcoin can disappear any time right?  So why on the hell would you risk money and wait so long , at some point you would need to cash out  :)

exactly this is may always depends on the person on how does he may able to earn and on how they may have the chance to take some opportunity of having this kind of life for , how they may have some chance to earn bitcoin.

In my opinion, it is wise to buy Bitcoin and hold it for a few years. Even though Bitcoin isn't as cheap as it used to be, it is still a good investment due to growing cryptocurrencies popularity. I wouldn't be surprised if Bitcoin became the new gold because of its limited supply and a huge demand. People who have a hundred of thousands BTC can sell some of their holdings for USD which won't be replaced anytime soon. They won't have to bother with anything for the rest of their lives.

My strategy in the beginning was to take profit with every spike in the price and to get back my initial investment capital as

soon as I could. Once I reached that goal, the risk factor was much lower, because I had way less to lose IF it failed. I have

since made more than 800% profit on my initial investment, so I am virtually risk free with this investment. {A very good

place to be, with any investment}  ;D

it's practically answering that if in urgency/emergency to meet the need of life its better to sell it to provide your needs, We are giving our best and hard work to earn bitcoin for ourselves and also to our family.

It is indeed wise to hold Bitcoin for a long time and it's also okay to sell in order to meet up with needs of life.
But let me give a little advice to you. I many times leave my money to grow even if i have needs. what i do is; i borrow money from trusted friends/parents then when i think my bitcoin or altcoin has grow to a suspicious height i'll sell and then pay up. Another advice is, don't borrow so much and if you think selling is better than borrowing then sell.

look man, there is nothing more important in this world than happiness and well being. you have to make sure that no matter how great the potential profits there is on the crypro world, you will never forget that wealth is nothing if you are not having a happy life. i use to think that holding coins for the longest than others is the way to go. but obviously, i was wrong. the thing i can advice you to do, is to never ever forget to reward yourself. never deprive yourself of what you need just because you want to be greedy. of course this should be done with full moderation. but i think you get my point. just try it op. when you reach a point where you already have profits, take some to reward yourself then leave some for holdings, savings, investing, etc.  while working hard to gain more. doing this will not only make you experience the fruit of your labor but would also make you remember why you are doing this in the first place. and that is to have a better life. another great thing is this then will give you a better push to work even harder or have better motivation. then not long after, you will not have to worry about the prices of cryptos too much because you already know to yourself that you have already enjoyed and have had a lot of benefits when cryptos where still big.

i hope this reaches you and others out there who have forgotten about this simple but very important thing.
good luck with your journey man :)

I have already been in a situation like that and I chose to sell a part of the held amount. If you ask me now if it was a good deal from financial point of view I would say no, because I could have made much more profit just by holding the amount I sold, but on that past moment it was wise to sell the BTCs to diversify my investments and to decrease the risk of putting all my eggs on the same basket.

Also, with the profit I made from Bitcoins sale, I could introduce myself in a new activity, opening my horizons.

A long time ago, if people held Bitcoin then they should have been prepared to keep it for a long time...

I prefer holding it. Long term is the key to succes in this case. If you can give up to the need of life you are taking about then you should hold your coins

Holding Bitcoin for a long term and waiting for its value to change that would result to more profit, is one of the strategy of most users of Bitcoin. Considering that the growth of popularity of Bitcoin is continuously developing, holding the coin would bring more benefits yet, it is still dependent upon different factors like the flow of demand and supply, season and availability. But, selling your Bitcoin to meet a need of life is never a bad thing because it is the essence of having a source of income and savings isn't it?

I agree that is wiser to keep it. Hold it like a long term investment. For sure you will be satisfied with the result. Keep bitcoin

I believe that you can not invest all your money in bitcoin, even if you really dream about a wonderful future. There must be a health risk and do not gamble. If so, it's better to wait until yours is available, and not be greedy, and just sell bitcoins with peace of mind.

For me it depends on the situation, if it really is needed and no other funding source, maybe I can draw some of it to solve it for the need, and at least I still hold some and have something with waiting for profit in the future ...

I think that we have to make the best decision if we want to hold our bitcoin if the urgent need for life does not let us sell our coins all, keep some of your coins as the future because I'm sure if the day is down For the next few days, bitcoin will go up again ;)

It depends on what you truly needs. If your investment not need in life then you don't have to sell your bitcoins.
If you want to grow your bitcoin then you must have the patience to hold it for long time to see what profits you earn after.
We cannot rely on bitcoins future, so better just dont invest all your assets.

When any one have the urgent need for life, so this person will have to sell anything to pay for this urgent need, even if this is a bitcoin.

The way i go around investment is that,the amount of money i invested initially in bitcoin was around a couple of thousand dollars and when the price started rising i sold the coins so that i got my capital investment,then if i feel that there is a correction ,i would sell off some coins and would scout for good projects to invest,some of my investments were good,but some were a bubble as i held my coins too long before cutting my losses,over all it was a good learning experience,sure there is a dilemma amongst traders on when to sell,because the more the profit the better. ;)

Since bitcoin has potential of reaching huge prices, many investors tend to hold it without an exact time frame. But if they want to fulfill their needs with bitcoin now reaching such a high price, then they could sell only a part of their holdings and continue to hold the rest of bitcoins.

I think saving or as an investment is far different from spending for your family.

We save and invest to have something for our families and when it comes to family needs, we should not hesitate to spend. It's not just an obligation but its an instinct to all.

I think saving is wise because volatility makes possibilities. But I won't risk my family's needs and let them starve.

What good to have money if it cannot save us from bad unpleasant situations? In order to have a future, we need to make sure that we have a present. As painful as it sounds to sell out bitcoin when its future value is known to meet the need of time, but it is what is supposed to be done. Bitcoin can be earned again in the future. Also I advise to not spend it on needs which are not basic ones rather social in actual.

if you need money it is good to sell bitcoin and use money.

I think whether to hold bitcoin for a long time or to sell it to meet someone's need depends on their situations. If someone wants to earn more, they should hold their BTCs in long term investment, with this, they can be assured that they do have money for their future. But if someone needs money for some reason, they can sell their BTCs to the price they think is enough for them to earn more. Whether long term or short term, as long as you can earn profit and that profit satisfies you. I think any choice is wise and good.

I believe long time holding can be done by those who invested with their money and have already established their financial status and it is really wise to hold it that long if it will really increase in price in the future.  It is really a good thing if we invest with our free money that we can afford to not touch it for a very long time until it meets our expected price.  But as we can see, the majority of traders cannot do this thing because of certain factor like needing to cash out for the daily needs and being impatient and does not have a strong foundation of belief about the coins he is holding.  


Everybody wants profit and earn but the problem is that their financial capability cannot support the long term holding of their coins thus forcing them to sell their coins at a lost or when they run out of budget.

There is no point in holding Bitcoin for a long time. Because all you do is to let others make a profit from your money.  I think to buy when price is low and sell when price is high.   And then do this again next time.  If you don't then it will be other people getting rich from your money. 

From my point of view combination of these two options is the best.
There is no point of just holding Bitcoin without using in real life and have some pratical use of it. On the other hand experience has shown that holding Bitcoin for long term is profitable but everyone has to find it's own balance how much to spend and how much to hold.

Well I think a wise person will never sell bitcoin no matter what the circumstance will be. Price will be high but for this you will have to wait not to sell at all growth of bitcoin is all about time as much as time pass bitcoin power will be high. It is up to us that how we deal our bitcoin so if w will deal it wise as invest small but for long time and spare some amount of money of the need of your life so you will not have to sell it at any cost.

Now bitcoin price is low. If you sell now, you lose some money. I think this is the best time to buy some bitcoin and holding is the best thinking at this time. Because of potential currency, bitcoin price must be increasing again. So don't be panic. Be patience and hold your bitcoin for future.

Bitcoin should be considered a long term investment. I don't sell it when I want to buy something for me...I am gonna hold it

In any business, in any field, it is difficult to begin. Sometimes it seems that you first need to become a professional, and then try. But you will never become a professional without trying and not making mistakes without studying new techniques and strategies. Passing the boundary in 2018, people are increasingly hoping and believe that the newest technologies will improve their lives and provide them with new valuable benchmarks. But this is the future, but to live it is necessary to satisfy the needs today and now.

It is good to hold bitcoin if the need is not urgent.

Just investing on bitcoin and other crypto currencies with a faith that the market will rise back isn't the best thing to do. In fact you shouldn't even try to do this with crypto currencies.
And sometimes it is better to sell a coin (even if you are at a loss) if you think that there is another coin that will be doing better.

I think this is another dilemma that occurs to anyone who investing in something not only in bitcoin. However this kind of dilemma is manageable by knowing what risk you wil be facing when investing in something, as we all know that bitcoin is a high risk investment, it different from gold which mostly considered as a safe heaven currency. Bitcoin volatility makes is easier to manipulated however there are also people who invest a lot in bitcoin but subjective not to the coin price but the usage of bitcoin. Will bitcoin have value in the long term condition? Or will bitcoin lose popularity and people tend to use other kind of digital payment / transactions. If someone didnt have any plan at first and investing all their money in bitcoin, then they will surely caught in this dilemma when market dropped recently and get heavy turbulance from all over the world. But if you have a plan at first and know that the money you're investing in BItcoin is not a usable money but to preserve wealth, then i'm sure you wont be facing with selling bitcoin to have cash money to eat or even buying something which is not worthed  ;D ;D

Perhaps now is the time to earn money on bitcoins, because for a day it grew by almost $ 400

Don't be greedy, that's the key.
You have to sell your Bitcoins when you need them in your real life otherwise, what are they good for!! you can't keep them forever.
It is always a good thing to sell when you believe you made a good profit.

Definitely it's a wise to hold a bitcoin for a long time since many of us here want a great amount of profit. On the other hand if you really a money just sell it especially on emergency purposes. I believe soon in the future bitcoin will increase and have a profit as what wish by many here in thr bitcoin community.

It is very sensible to keep bitcoin for a long time Bitcoin is a growing currency It is not a bad thing to shop without Bitcoini but Bitcoin goes as I go day by day and it will rise so do not shop Do you shop for 1-2 years and you can get everything.

I think it's a good investment strategy to hold bitcoin for a long time. We can't judge the price of bitcoin, and the frequent trading of bitcoins in a short period of time can be very risky for our investment. I think long-term holding can reduce the risk of investment.

I think it is a wise investment. If you do not have any reason for life, I think you should keep bitcoin for as long as possible. I think its profit will be multiplied in the future

I like and agree with your opinion mate. This clearly says realistic events in a life of an investor. Everything in this world is nothing but some sort of survival and luck. What you have said is correct because it also applied within my situation as a hodler. My plan is to earn, buy and hodl Bitcoins but there came some unexpected emergencies which will lead to convertion from BTC into fiat currency. It all depends in every situation we have. Wealthy people choose to hodl without any problem but for an average or the lower status in the sociesty cannot do that because poverty may sometimes or even always pull us down. In life nothing is certain and we'll never know what will happen.

There is an old saying which says that don't invest that much anywhere what you can't afford to lose. So the same goes here. If you can't afford to invest some amount and want it desperately to meet the needs of your life then yes you should immediately sell the btc and use it wherever you want to use it. Its better to hold only that amount which you won't need in immediate future

It's up to you, hold the bitcoin for future profit, or sell it for the necessities of life. I think it depends on your circumstances, if you need a fee, you are not wrong to sell the bitcoin you have.

Holding always help u do to make good income out of your little or bigger capital. In either case, your income would become double or triple or even more. Like if someone have been holding bitcoins since 2014, their profit ratios have been multiplied. For this reason only, yeah bitcoins are preferable to be held rather to be used in worthless shopping and meeting your luxuries at such low financial position.

There is a big difference between NEED or GREED. But those who were greedy got the highest value in Bitcoin. Market is down now, one can hold for the better results, once it will start going upside it will be late to catch the bus.

For me, it is wise to hold bitcoin for a long time and wait for the perfect time in selling it. It is better to wait for the time where bitcoin's price gets larger so that it will satisfy the money that you need. When you earn bitcoin while its price is at its lowest state, it would be better to store it for a span of time so that you can see what value you want to sell it. Being patient is being important in selling bitcoin, the money that you will get will be depending on the price of bitcoin at that time, so why you rush where you can wait for the perfect time.