Bitcoin Forum

Here we are again at crossroads to choose whether to cashout bitcoin which we have or else Hodl for some more time? This week is undoubtedly most complicated week of the year for bitcoin users because history has not been so kind to bitcoin towards the end of year's post bullruns. If Bitcoin has already achieved its ATH for the season then it's better to cashout but if Bitcoin is going to surge further then HODling is sensible but how do you figure out as we cannot depend of predictions since it fails most of the time. What's your opinion?

It depends on you. Some people are long term holders while some are traders. The price is not easy to predict at all in which not knowing if bitcoin price will fall now or continue to increase. Today's bullback could just be deceive as analysts have predicted bullrun to come which could possibly trend up bitcoin price to a price above $25000. If $25000 is achieved, and support is at that point, that means it is possible for bitcoin to get to $30000. This may not be the end of bullrun, and the strategy you use can be to sell now which is dfferent from holders strategy of not selling now and still ready to hold. The price of bitcoin at $22750 now as the support level in short term may still make the price to increase above $23000 again and rallying to $24000 in which could result to achieving $25000 or more.

If you are not a seasoned trader working full time at it my advice would be to HODL.

You are right in one thing in that we are at a crossroads, or maybe approaching a crossroads
in the next 2 weeks.

I am a long term Hodler and to date everything I have Hodled is in + and what I bought today
on SALE will show + next year.

This is what I see happening FWIW, short term within maybe the next 2 weeks there will be a
correction, but medium to end of next year there will be increases, why?

Because "The Herd" are coming and with the herd comes a new type of buyer, buyers for the
long term. So many people have been saying it over the last 3 to 4 years, "When institutional investors
start buying Bitcoin . . ." well they already have started.

There will be corrections in the future.

If you dont know for definite that Bitcoin falls medium to long term, play safe and HODL - IMO

Depend on your purpose. We have a different approach in the first place.

If you anticipate something that might happen, then analyzed it. Based on your projected conclusion, if you think it's good to convert now, then you are free to do so. The same goes if you just want to hold.

My approach is still, as usual, will just convert if there's "a good reason" to do it. But surely, regardless of what will happen, even on a big crash, I would definitely not sold all my hodl coins*.

It would be an unending scenario for someone who still thinks of which is the best thing to do. For holders, definitely holding more of it. And to those that are not into holding and happy with the gains that they've made, they would have to sell at profit. Even the holders would be happy to sell if they needed the cash. That's the situation that we're all dealing with, if we need cash, holder or not as long as you're in gains, you'd definitely going to sell. That's all what matters, as long as you don't sell at loss. Holders will sell but won't be converting all of it.

There will definitely be more bitcoin price surge before the year 2020 comes to an end, but even at the present price we are already in bull run so many f you cash out now you are still cashing out lots of profits already but if I must advice I will say I hold for more bullish period ahead to cash out maximum profits.

If you have experience with an exchange, I recommend you buy and sell. So you can increase the amount of btc you have. But I do not really believe in the decline of btc at the moment. If you bought it at low prices, it would be useful to hodl a little more. But if I came to the price I wanted and if you say this kaar is enough for me, it makes the most sense to turn it into cash. Because while waiting for it to rise constantly, there are cases of loss.

There is no cross roads at all when it comes to bitcoin; you always have options available which could be to take profits, cut losses or hodl until there is a green candle or a bull run. At this stage i would say do not fomo; do not be influenced by fud. Hodling is good; but you need to hodl bitcoin at the right time too.

Just want to be honest here...
I've once missed last 2017, I was been by the word HODL as many people say. But this time, this is the right time to sell. Maybe it was a silly thing not to believe that the Bitcoin price will even grow more. Yeah, I was thinking about my bad experience in the past where I suppose to doubled my investment profit but unfortunately, I'd missed it. I don't want it to happen again, otherwise, I will wait for another 4 years to come, and another halving just to have these changes back.

I respect in both different opinion either you will HODL or sell at this time. That's the matter on you if you will sell this time and cut your profit quickly. For now, I won't say sell, I still holding my bitcoin because the purpose of it is to HODL for the long term, of course with that amount, I don't rely upon my basic needs of something your expenses.

Or why not just sell a half and the remaining half of your holding is just HODL. We have a different decision but it is good if you also hold your asset at least we are helping to keep the supply becomes less than the demand.

And if you're wrong? I mean, who's to say that this is the best bitcoin can do?
At the moment, we have no definite indication that the price of bitcoin cannot keep going up. You could miss out on making a good profit and doubling your investment again.

Don't be greedy for waiting endlessly in hopes of getting a higher price and don't hold too long until you miss out on the opportunity to obtain the profits.
I have sold some portions of my bitcoin, take the profits at 10%-20% on the bulls run, and save some portions for the next higher target, one thing that is actually concern is that too late to sell bitcoin even though you have made a slight profit, continue to wait for the price to rise considering the increase in bitcoin prices, but in fact, it is not the case, actually, it could go down at any moment

Well if you don't need the fiat equivalent of your BTC then why sell it today? It just make things complicated when you need fiat in this holiday so you are torn between selling them to enjoy the Christmas season with your family and buying gifts or just HODL till next year and make more money (assuming that bitcoin will go on another massive run 2021).

So it's really up to you, weigh in the situation right now, and make sure to make the right decision.

You are right mate, we never know what will happen next either we reach $25k or not but what I'm thinking right now is to secure my fund now, $23,000 is really satisfying to me.

If I'm wrong, I would accept it.
I have already profited a lot from the current price and I think this is enough for me than regretting if I missed the $23,000 price. I don't want to be greedy this time (that was it happens to me last 2017 Bullrun), no regrets, and sure no blaming if ever the price will grow more.

Just forget about the past, we are in a different scenario compared 2017 and 2018, investors are more willing to HODL long term and new investors are aggressive in buying, people are HODLING more  then cashing out, if they do cash out it's only a portion of their portfolio.

Yeah, it's the best way to go. You make a decision and you stick to it. No regrets!
I will probably try to sell the rips, with part of my portfolio too, only to buy the dips again later.  ;)

The hold is the best way, but if you have bitcoin then I would sell some and take a profit. Because the situation is right now very unpredictable, You do not know if it will go up. We already had a nice bull run last 3 months and buyers are exhausted at this moment and I think it was overbought. Everyone waiting for a correction. so Watch out

It is completely up to you and your goals.

If you are nervous about (possible) correction, turn some of the coins into stable coins. Or just sell it all and have a peaceful holiday.
Personally, I turned part of my coins into USDC.

Ehh up to what your financial situation is. Honestly, anyone with money could choose just to hodl, at this point I along with many others haven't really reached the ceiling of what Bitcoin could actually achieve, so choosing to hodl or to cash out doesn't really matter in the overall view, so just do it depending on your circumstances. If you want money right now, cashout, if you don't really need any, then you can just hodl. Though right now you can just stick to watching the market so that if any big dumps would happen, you can join in and take advantage, either buying at the bottom or selling together to get max profits for that period.

Hold or sell at this time is your own decision. You have to have a target. If the target you are aiming for is ATH this year, then it has been met, but if you want to reach a high price again you can choose Hodl. Many predict it will reach a price of $ 30k but before that there will definitely be a lot of hitches going on. It will also affect your psychology.

No one can give you the right decision, it is either you'll miss an opportunity if you sell or incur loss if you HODL. If you plan on holding your BTC for a few more years, you will not incur losses not unless you have sold at a bad price. It's a dilemma one has to choose once Bitcoin starts surging since no one can predict what might happen. We don't even know if the current ATH is the highest BTC can reach this bull season or if it's waiting for another spike or will start falling any time soon. Come up with a backup plan, don't be swayed by your emotion.

I am not going to sell in 2021, but I think sooner or later there will be a correction. Although I think that bitcoin will continue to rise for a couple of weeks, at least, in which the US aid plan and the beginnings of the vaccine in the rest of the world will be announced

I've only ever been screwed with Bitcoin by selling such or getting miner products with such. I've been in Bitcoin/Crypto since 2013 and can say 'except' for my very first

2013 KNC BTC Jupiter 550gh ASIC Miner...and everything 'before' 2015...I could have just as well just kept Bitcoin/Crypto. In 2015 I had a 'set' amount of Bitcoin..that I used

to bo 'big' into large scale ASIC crypto mining of both BTC and Scrypt and other Altcoins. I probably made 3/4 of the hoard I had in Bitcoin that was 'set' in 2015 as a

result of flipping BTC into such 'heady heights' of Bitcoin/Crypto ASICs and their 'babysitting in 'other states' large data halls, etc. Then there was the 'big crash in

Bitcoin price at the end of 2017...I think it was, or 3/4 of it all went 'poof'. So as a result now, besides an amount (modest) I took out of Bitcoin (13 BTC of which I got 5

BTC back) due to 'retiring from my job' and having more time to hang out with my aged parents before they passed away, etc. I almost exactly (if you remove the 8

BTC above for retiring 3 years early) down to that Satoshi Dust 'almost' the exact amount of Bitcoin/Crypto I had in 2015, before going 'big' into ASIC miners, etc.

It was a hell of a lot of fun, had not had so much fun since my University days, all very bracing and thrilling, all that money and crypto too and fro..and all those

dozens and eventually more of ASIC machines as well. But in 20/20 hindsight, I coulda/shoulda just kept the 2015 hoard and left it alone and there would be no

the difference in the amount of BTC/Crypto I have now, again, after the massive crash from the ATH of $19k to I think the low was $3.2K in 2018 or so. Of, course

on such 'droppage' Bitmain and me and everybody 'got screwed' big time. So I should be thankful I came out 'even' and at least had a 'fun' experience.

Thus, I tell folk now to sell stuff in the attic you will otherwise die with on eBay and buy BTC dust. In case BTC/Crypto does its usual 5x/10x/16x increase in value.

Also, to HODL for 5-10 years. Actually, HODL for 10 years and only (like my case) take BTC/Crypto out for real-world issues like mine above or health or other

issues. So NO..you should HODL. Again, if it is money you can 'afford to lose' like eBay sales of JUNK as my above example. Even though it was necessary

to sell the 8 Bitcoin at $3,900 USD, it still 'stings' to this day. So if you HODL for 10 years or so, or even 5 years if you must at least have a 'reason' to sell.

If Gold is 10 Trillion dollars worldwide..and currently Bitcoin alone is around 1/2 Trillion dollars worldwide, then if Bitcoin alone gets to 1 Trillion that is around

$55,000.00 USD Bitcoin. So, as a speculative game, and money you can afford to lose (attic sales to eBay than to BTC) we may not even have gotten started

yet. :) Pick your battles, only buy BTC/Crypto with what you can afford to lose, and in this case, a bit of sale of junk now for BTC dust could pay off big time yet in 10 years.

Brad

Cash out that market of bitcoin is good and do not be too much greedy. The bullish trend had made mostly of investors to earn. If I were had bitcoin holdings then I rather sell it and will not wait or anticipate the ATH which will be hard to determine due to tge fact that ATH could only recorded when it will be compare within a period of time that includes the downtrend of bitcoin market.

In my opinion HODL Bitcoin should be done for now, because now Bitcoin is in a bullish trend. So we can get a bigger profit
if we choose HODLing Bitcoin that we have. Based on my analysis, the Bitcoin price will continue to rise until the end of 2021.
So the right decision if we HODL Bitcoin, even if I have extra money I will buy more Bitcoin. So that the amount of Bitcoin
I have can continue to increase and later at the end of 2021 I can sell it.

Bitcoin chart has been formed a double top on the lower time frame and seems like it will meet a correction first before its price up again.

Please avoid the panic selling, the bull run at this time will be different from the previous bull run when its price touched $20.000, yeah I believe it.

As you can see, there are so many investors who still their bitcoin in a large amount, even I read the news a few hours ago who stated a company buy 29.646 bitcoin, full information https://news.bitcoin.com/microstrategy-buys-29646-more-bitcoins-holds-over-1-billion-btc/ it means we still in the bull run market although we have to face a correction first.

Those people who are currently holding bitcoins have now divided into two categories those who hold a high and small amount of BTC. Those who are holding a huge amount of BTC have not decided yet on what to do with their BTC obviously because if they did so, we can see the price decrease in the market at a high rate. Those people who have less BTC in their wallets don't really matter whether they sold it right now or not.

Cash out if you want to take profit now. But if you think bitcoin's price will increase more for the coming years and you don't need yet the money you invested on bitcoin then HODL.  Like me, besides bitcoin, I still earn an income from my salary so that is what I use on my spendings. Bitcoin for me is a long-term investment that I will just sell mine when I retire.

At this times, its hard to be that greedy. But if youre purpose at the very first was as a long term holder, you can definitely hold long and expect that bitcoin will do perform another new ATH for upcoming months.

But if you wanted to enjoy fruit of your profits then there is no space for greediness and cash out. Whatever all our advices here, at the end of the day it's you who will decide.

Tough call and depends from how you percept the future of this investment,.

If you have spare money and you treat this as your long term assets better learn from the past, bitcoin still have lots to go forward.
You'll just need to balance your understanding, most of the time short term traders collect their profits and wait for another good
position to enter the market and rinse again.

Then, I suggest go for the middle option. Cashout half, then HODL the rest, with this, you can be rest assured if you're afraid of the Christmas week with btc. You can also manipulate the percentages of how many to cash out and HODL, depending on your mindset with regards to the situation.

But for me, I would HODL, as bitcoin progress smoothly in the past months, and yes its unpredictable in this time of the year, but its a risk to take and I would take it

In my opinion, the rise in price of bitcoins is not accidental and logical.  Currently, the global financial system is undergoing a transformation. 

What does the creation of a CBDC mean?  This event is tantamount to the abolition of the gold standard.  The US dollar is losing its status as the world's reserve currency. 

In this situation, Bitcoin is too valuable an asset to be content with a profit of 30%, 40%, or even 100%.  This global crisis is unlike past shocks.  There is a transition from one form of money to another form of money. 

I expect Bitcoin's price to rise significantly during this time period.  We are at the very beginning of a bull market.

I already sold some satoshi for $23k, and I still hold the other part because I believe that the price will not just stop at that price. We are now to see the price back to $23k, but I guess that will need time before it could reach that price. To sell bitcoin or to hold bitcoin will depend on each people because I believe they have their own strategy what they will do with their bitcoin. But I also believe that some people sell their bitcoin because they need money to buy their daily needs, and I am selling my bitcoin because of that reason. But we can sell bitcoin at a high price and not sell when the price is down, but if we have an urgent situation that needs money, we will sell it right away without waiting too long.

Now bitcoin price is high in this year so i tell you can sell btc now. After this year it price can be decrease then you Buy btc and hold for Increase.

It depends on you and your analysis, one of the hardest part of being an investor or a trader is deciding when to cash-out or double down. There are times when an asset has outperformed or underperformed your expectations, whilst professionals have a strategy to handle these situations, your job is to evaluate your stop-loss or take-profit.

Sometimes you we're getting screwed by selling your bitcoin instead of waiting for the price to be increase more some of people have their eagerness to sell all their bitcoin not waiting for the price volume increase and then after they sold all their coins seeing coins suddenly goes up they going to buy instead of waiting this is why they making less profit or worst they going to lose money when price suddenly changes.

And here is my opinion regarding on my experience it is better to hodl why? When your not making some money in real world and just making money from trading all the profit you earn is im going to save for the future purposes because i do not know what will happens in the next 2-3 years if the price of bitcoin can still help me to fulfil my dreams i have so much and bitcoin give me so much else that is why im still hodling.

What if bitcoin price do not decrease? Nobody knows if it will decrease or not but the institutional investors makes the price hard to decrease. If you check bitcoin price very well now, you will see the support price I have once commented about, it is around $22750. If institutions still support bitcoin, then they will be the one to increase the marketcap that will reflect on the price as increase. Very possible bitcoin will still surpass $25000.

It all depends on one question. Do you need fiat right now? If yes, then right now is not bad time for cash out

Sometimes we also need to enjoy the results of what we have been doing so far, hold BTC for a long time and now when the price is high it is okay to sell and buy goods for useful or important things. If you choose to still hold it, it's not a problem because everyone has their own perspective and target of every BTC they have.

This is one of the hardest decisions in the life of a bitcoin investors.

When bitcoin's price is in a bull run, it is really hard to make decisions, it is really hard to act because there are a lot of possible options to do.

You can cash out and take your profits if you think that you really need it or you need to pay for something. You can HODL if you think that the bitcoin's price has a potential to increase more or much higher. We have different situations in life, some of us do really need money as soon as possible and some are just holding to rely on the market.

Yeah, but don't cash out all. Buy again when the price drop and hold because if you are going to cash out all, then suddenly the bitcoins value increase again, for sure, you will regret.

Depends on the quantity you're Holding, it also depends on your financial ability to maintain bills and cover up in case your sole reliability is Bitcoin. You can sell when the bull run is happening. If you have other means of paying your bills you can hold nobody knows if the pump would linger or dump will hang around. In my personal opinion I'd still hold for a few months.

It is the right answer. I like the answer both of you. We can sell bitcoin at any high price, but we can buy back bitcoin if the price drops and hold for more until the price can up again.
You can still do that to increase your portfolio and of course, you can make more profit by trading.
In the next moment when the bitcoin price goes up, you will have more chances to sell bitcoin at a high price, and I am sure that your profit will be bigger.

^ Definitely right and good question, if you badly need money right at this moment then, it's the right time to cash out your bitcoin but I suggest not to cashout them all, just HODL and left some in your wallet. We could not blame people who want to spend their bitcoin during the holidays because most people need money at this time and probably selling their bitcoin is one common decision of most HODLERs. Nevertheless, I am worried about the possible impact, it could cause a short correction of the price once everyone has the same decision of selling bitcoin.

I cashed out When the value of Bitcoin reached 24,100 to be exact as i have waited infront of binance monitor ,i want to personally see the 24,000 Price before selling Half of my Bitcoin holding ,and all my Altcoin stays and not been touched .
Practicality wise ,because i have already experience 2017 and i don't want to be in another 2018 Mourn of market.
Your call mate,don't let us felt the guilt if we choose for you and failed lol.

I'm looking for bitcoin to increase more and reach $25k before this year ends or in January 2021.

Nothing is impossible on bitcoin if you make your goals feasible. It is really impossible for bitcoin to reach $30k this year so don't hope for that but instead, make $25k as your signal to cash out.

It is really hard to make decision if there's a lot of possibility that will confuse you on what action you are going to take in the future.

That is true. Which is why there should be at least a planned percentage on how much we are going to take profit because along with those decisions, there's greed that will hinder us. I think greed is the hardest enemy especially during this times.

To be honest, it's wise to take profit now if you are a trader and bought below $20,000. At least a portion of your holdings if you need the fiat.

If you have a hard time to make decisions when bullrun is ongoing think about if there was never no bullrun, greed is why we hesitate in this season, the fear of wanting more and more is complete greed, you need to make up your mind or wait till bear still what you've already achieved but couldn't take

This is based on my experience, if you're going to cash out money that's more than what you earn, you're not going anywhere, but if you just simply HODL your funds, you're still might not go anywhere because the result might be the opposite of what you're positively expecting, I mean the funds you HODL might decrease its prices when the time you needed the money.

So it's more better to HODL your tokens but don't just let it sleep there. Hodl it while you trade it, that's more productive and will give you profits if you're willing to study about Trading. It's complicated at first but it's worth it.

Ergo, with reference to the OP, we should sell it to avoid the situation that was BOLDED above ^^, then buy it after the holidays.

This would only be applied if his worries is true and actually happened, which is pretty feasible given the happenings last year.

You guys were actually predicting future market price without noticing it, and the prediction seems pretty legit. So I might sell some I guess tomorrow, then buy again after the new year.

So totally true because we do have our own financial needs and even we choose to Hodl our bitcoin most especially at this point of ATH if we were needed the money we don't have any other choice but to cash out. Lucky those who have a previlege to Hodl their bitcoin because they can sustain already their needs, their necessities, their bills and others without compromising their bitcoin. But for those who haven't yet worked or employed because of the pandemic effect could be no other choice, but i do hope that we all survive from this crisis and have a good life after all this sufferings.

I think if he/she get the huge amount of return could cash this .Or if he has any plan to hold for long term it will give a good return for sure .The price is bit fall down from 23k$ but still have chance to grab few coins on this price .It will be worth in near future for sure .I think you may hold we can see a huge bullish trend to the upcoming years .

I will withdraw 50% of Bitcoin to cash and the rest I will keep Bitcoin. if Bitcoin drops a lot I will lose a little, but Bitcoin increases I also have a little profit.

At this point of ATH for sure, it is a good time to sell your investment or your bitcoin since we could make sure that we created a big profit.

But when it comes to bitcoin holding is still a good move for bitcoin when it comes to long term investment because of the supply and demand or adaptation of bitcoin we could always expect the market price to increase.

Personally I just hold my bitcoin and then sell a small percentage of it when the market price is high and I could earn a good amount of profit and then buy bitcoin when the market is low for potential profit in the future.

Bitcoin already saw another ATH and it was amazing for bitcoin holders. If you are having long term vision and bough bitcoin to hold it until long term time I you suggest to hodl and avoid selling, even on ATH. But, you want to do some risk you can easily sell some part of your bitcoins at the current price and wait for a correction where you can buy more bitcoins, this way you will get more bitcoins, however we don't know if there will be any correction during these days or not, so, the second scenario seems to be more risky. I would hodl.

In my opinion there is currently no best investment advice other than your own judgment. You have the right to sell or hold your bitcoin asset without having to ask question or be influenced by other people's opinion. Your Bitcoin is your money, and it is your responsibility. Consider market volatility before you make a decision because a good investment is when you enjoy the return you are getting.

If it were me, then I would sell it and would buy the next time the price down. In my opinion, good investment management is when investor or trader are able to take advantage of opportunities that exist in the market such as price volatility or fluctuation. Without waiting for the big moment, I think bitcoin trading and investing also has the potential to generate profit.

Yo. You seem to have the skills to be able to look and predict the future. Do you mind sharing the Amazon link of the magic crystal ball you've bought? I'm going to need one of those for my trades.

https://i.imgur.com/umjvIzy.gif

In additional you can as well collateralized your bitcoin for fiats if you're desperately in need of cash urgently but don't want to sell your coins due to the feelings of missing out on future profit if the bull run was to continue which from Indication that might be the case as the market is still looking very bullish. The defi technology made this very easy and you can take advantage of that.

We also have options on the forum from very trusted lenders that you can apply for a loan, collateralized your bitcoin and when you pay back the loan you get back your coins and if luck is on your sides gain some profits from the price appreciation.

Responding to the topic, I'll recommend holding.

It still will depend on you. If you think you are gaining enough profit then you can liquidate. Though it is still surging up we don't still know how it will behave thereby sell if you think you are getting enough. You should know when to exit or set a goal to sell your holding, to simply put, don't be greedy. Perhaps, selling a fraction of your holding will ensure the profit you have. There's no sign of bubble or correction but we should always be ready and have a contingency plan.

Being greedy is not good, so, if you think you already gain enough profit then you can sell it but don't forget to buy again if there is some price correction then hold. If you need to cash out to spend for this Christmas and new year then, you should think it better. Holding bitcoin is still the best choice but it is still depends on you.

I do not agree with you in this point.  Although it is very difficult to predict the price of Bitcoin, I think it is the time for cash out. Because at the beginning of this year the price of Bitcoin was $7000 and now the price is $23000. So how much more will you sell bitcoin? I think that Bitcoin will not cross $25000. I think the price of bitcoin will go down in the new year.

As also mentioned by others, it depends on our needs or wants since it's our bitcoin after all. We can't tell others what to do with their bitcoin and in my case, since it's Christmas season I had to sell some of it but still hodl the rest. This is like a reward for us, and I don't mind selling some of it since I'll be also benefiting from it. What matters is if you're contented with the profit.

We'll when your just going to wait for the price of bitcoin to increase then there are much possibility to lose more because bitcoin price change time to time investors will lose money for stocking or investing their money into bitcoin , it wise to advice to new investors to learn more about trading since when he/she finish college there sre some courses that has more on business and investment and when you learn it when it comes to bitcoin it is easy because in internet you can learn everything you just need an internet and a wide mind to learn, then you will be good and start your first trading to earn more nt just depending on holding without assurance to make a profit.

I would just cash out what I need and HODL the rest of it.
What's the point of cashing it out if we don't really need the money at all?
I think it would just be a waste you would just end up spending it and missing the chance if it continue to climb up.

The Market is unpredictable like as usual and absolute bullish, see if you are desperately looking for some money then just make use of it don't be too greedy a lot of them do the same and unfortunately they lose money for loss I am not saying you to panic sell, just focus on the market price and plan accordingly.

Those who liquidated their holding many years back are regretting now. On the other hand those greedy guys, who held on to their coins are rejoicing now. So I don't think that you can't generalize all the investors. Bitcoin is still in the early adoption phase (mainstream adoption has just started) and now it is more profitable to hold on to your coins. Profit booking can be done, but at the right intervals using small amounts.

Actually the decision of whether to Cash our or HODL depends upon your preference because it is duly your own Bitcoin so whatever will happen on it will be dependent on your own decision making to be done base on what you think is appropriate on the situation. It is up to you to cash out to take profits maybe for your own personal use or just make HODL for a while or for longer period of time or up until you think it will be necessary.


This would also be a good option as well most specially for people who are having a hard time deciding whether they will keep on HODL or cash out portions of what they have got from the pumping of Bitcoin.

If you will decide base on what happened during 2017 ATH, you can now convert your Bitcoins. But if you believe that the ATH this is more real than 2017, you should hold. The year is not yet over and there can be a expected rise in price in the next few days. Worst, there can be a correction that will cause the price to drop.

Every person has their own necessity. And you are lucky, if you don't need to cash out for your needs.
If you are foreseeing that you need your cash in the next few weeks or so, I believe, it is better to convert some of your btc to fiat.
As long as you are already in the positive side, you already gain from it.
Usually, it is the greed that overpowers us why we can't let go some of our portfolio, thinking that it will go up more.
But you need to decide for yourself, and laid out the reasons why you need to embark such decision.
No one can do it for you because it is your funds. So whatever will happen to it, is your responsibility.

I agree with this. If you're having doubts or something, regarding this market behavior, it would be better to hold an amount but secure the profit already. There's no assurance on how will this market behave so I guess it would be fine to play it safe in such way. Holding everything could yield to regrets IF the market value will continuously fall for the rest of the days of this year. But IF you chose to sell at this point then the market price pumped to $30k for some unknown reason, regrets will more likely to occur. So why not make a 50-50 decision to avoid regrets primarily and still be satisfied with the result. I'd probably do the same thing than to just follow what the majority is saying about the possible market movement for the next month, knowing that there's no certainties on things for this industry.

Like everyone is saying, it depends on you, particularly on how you interpret the indicators against your motivation to continue hodling. If you need it that bad and you can't afford even the tiniest of dips, then by all means cash out. Just look away and don't visit the chart again for some time so you won't feel any regret when you see the numbers heading for the 25K mark. :D

It's the same every time. People come at every single level and ask if they should hold or sell and the answer is always the same.

If you need money now sell. If you're sick, need to help your friends and family, need to lend money to someone, have a big purchase coming like a house or something, just sell.

If you don't need money now and have enough to live buy keep holding.

As for me, I do both. Cash out and hold. I mean, just like you, I sold some of my bitcoin because it's Christmas season. That's one of the primary reasons why I did that. I had to buy something for my family and for my godchildren. Then, I also hodl because I don't want my earnings in the form of btc to run out. Who knows, another ATH might happen which will surpass the $20k mark, right? We don't really know. But I guess it's also fine to expect for the best but prepare for the worst.

A very tricky situation right now. Also, I see lots of confusion among the investor, should they sell or hold. Right now bitcoin trading above an all-time high and It might even go further up, also have a risk to go down and test 12k, nobody knows. but If I were to hold bitcoin, I would sell 50% just to be safe.

You better check the past trends of bitcoin and how it outperformed over the period of time. That will give you power Or way to think on your trades in the long term. I mean we literally started the bitcoin costing @$1 < lesser. Slowly it grew up to the couple of bucks, therafter it went to 500 bucks which was highest peak in those days and then people thought this is it! BTC is now high ranking stuff until the time when BTC actually gone crazy and started to keep off four digit, and today we are at the stage where BTC costs you 5 digit serious green note. Lolz.

I mean one can imagine there is no point in getting panic about the BTC not moving upwards. It has always done it's job. We need to do ours that is HODL.

Learn Technical analysis, chartings, support and resistance, and other basics in Trading in order to guarantee a 80% accuracy when it comes to price prediction, this might not gives you the exact price of Bitcoin before the year ends but it will gives you idea on how Bitcoin will move and what's its target price would be.

Because panicking wouldn't help, it'll just make your capital go away like nothing. Also if you're going to engage on cryptocurrency, you must have a plan, and if you fail to plan, you plan to fail, that's my favorite motto in Trading for now. 

It all depends on your risk tolerance - what is your stop-loss and take-profit based on your purchase price(s). This should help you decide when to HODL and when to buy beer with your BTC. This is important for anyone who have invested to learn especially when BTC price has exceed ATH by a large margin, technique analysis and fundamental analysis (fundamental analysis doesn't have to only base off of financial statements ;)) utilised by the mass is what's going to drive mass adoption. At which point, the price will be in equilibrium and volatility will become stable (stabler).

it is true nobody know what the bitcoin future holds we are all waiting and expecting that bitcoin will be good price for all of investors sake not just by waiting and standing for the price increases people should learn on how to trade into other crypto currency so they can earn from it. It is good decision to sell 50% of your profit but thinking if you don't money then you should keep it just saying but it's your own so you just following your guts to sell we had financial to be paid by the end of the month. Maybe other big companies and names in industry will start investing in bitcoin since they knew already that bitcoin is a really to put their money in.

I made a riskiest decision i ever made this year ,as Bitcoin showing strong position on the Top ,XRP is continuing to Fell so what i did is converted 1/3 of my bitcoin Funds and Bought XRP because i believe this is the cheapest we can get ,32 centavos is for me way cheaper ,and i wanted you OP to think as same ,if you can risk but profitable sooner?why not.

holding bitcoin is a lot more profitable than cash, bitcoin has a good long term every 4 years once the supply of bitcoin mined will decrease and that makes its value even higher, bitcoin always gets a new ATH in 3 years

Before taking any decision on whether to hold or sell, it depends on your needs.
If you will be needing the cash to settle any bill within the next 30 days time, I will advise you cash out now, because price may go down before time, remember the bitcoin market is not always on the rise, it goes up then comes down, then go up again. the price may come down when you will be needing the money urgently. What ever the case is, if you sell now, you're not selling at lot.

A $100 in the pocket is better than a $1000 in the forest.

But if you're not needing the money any time soon, I will advise you keep holding

Depends on you. Are you holding for the long term or waiting to sell at a all time high. Well $24k is a ATH hodl your coins and miss out on the profits. We might see a similar play out like in 2017

Yes, if you are holding bitcoin since the start of this year or when the bitcoin fluctuates last Q1 and Q2 this year a lot of gain will be in your wallet now, but still if you don't have any deeper need in money you may not cash out now maybe spend the half and save the half of it so that you will still have bitcoin in your wallet because a lot of news spread today and I think it will be the reason for more pump today and for the next days we can say that bitcoin will probably go to 30k.

nothing warms up like dollars under the pillow 8)

cash out if you really need the $'s otherwise hodl !
worst thing would be regreat for selling -early-

Good suggestion but we should not forget to think in sideways since we need to look after the past events and decide whether it's good since January is a sort of questionable matter right now, but if the price retain until next year and more constant price changes will happen then it's good for us to hold for another 1 year to gain more.

Well, that holding isn't good all the time. If we can remember how HOLD make people regretting and blaming themselves during the last Bullrun is that because they are driven by a hold mindset. They don't sell because an expert says that it will continue to move high, it was just an unfortunate thing that it dumps right after hitting its ATH.

Should we have to ignore this thing now? No, we have to consider this. If we are good right now, having profited already, I should have to make a sell some of it. Hold if you are a long-term holder.

A lot of people will cash out on this ATH like what happened last 2017, so the most logical way to make the most out of your investment now is to cash out and reinstate your investments once the price stabilizes at a lower rate. You can't expect every bitcoin holder to go on a consensus of not selling since this ATH is very tempting to the most of us waiting since 2017. True. Sometimes being too confident or convinced of something will get you straight plummeting. That happened in 2017 and with this ATH being ever more crucial than the former, we need to make up our minds. As for the most of us, it can be expected that they will be selling. It's just how it works.

if I personally definitely hold my Bitcoin, because I invest in Bitcoin for long-term investments and of course my target for Bitcoin price is more than $38k, but if you are in doubt and afraid Bitcoin price will fall again, then you better sell it or you can sell part of Bitcoin that you own and part of it you hold for the long term, because I believe the price of Bitcoin will continue to increase.

Yes, we can't just rely on predictions to hold but it would be a shame to cash in now because I just believe the new ATH achievement won't likely still be around $20k at least it will be higher. With that said, I personally still chose to hodl because maybe it was a very different season from before and it seems like it has been felt since the world was hit by the pandemic. Hopefully, choosing to hodl isn't something greedy, but whatever choice you make, it will still be the best because even this price increase has made a lot of people profitable.

After I realized that the bullish trend that is happening in Bitcoin today is very different from what happened in 2017.
I decided to HODL the Bitcoin that I have, I am very optimistic Bitcoin will not stop at $ 24,000. Bitcoin will continue
to rise until the price of $ 25,000 later this year, and I predict that Bitcoin increase will continue until 2021. So deciding
a HODL Bitcoin was the right decision.

I believed bitcoin is different from the previous 2017 bull-run, and what I mean different is that it didn't correct after hitting ATH. Well, I have to hold my bitcoin for a longer time.  Cashing it out right now is already disbelieving bitcoin to go 30k next year. Of course we can't predict what happen in the near future but as what it is right now - I firmly hold for it.

If you are not a full time trader it's better to cash out, you can only have hard time making a decision between holding or taking profit if you don't know what you want or where you are going, I buy few bitcoin at 10,000$ and I'm get out at 24000$ simply because I'm satisfied with the earnings

I am sure that everyone will still have a chance (and even more than one!) to buy bitcoin at below current prices! That's why I sold my bitcoins... I think that in March-April bitcoin will be cheaper than 20K...

Why should we cash out bitcoin while it has a potential to go even higher? Why dont we continue to hold for a astonishing profit? Selling bitcoin at the moment is a not a terrible idea but it can make you regret in the future. We all know that the price of bitcoin has possibilities to reach $30000, $50000 or even $100000. Actually, I heard that many people have already cashed out their bitcoin cause they think that they earn enough money from this asset. If you think the profit is decent enough, just sell your bitcoin.

A FUD can happen obscuring your later decision when everybody sells their bitcoin blindly. Therefore, be a smart investors. Sell high and buy low. And never regret any decision that you have made. Emotions only cause worse things to happen to your investing career

I ain't sure anyone has the answers to the many "ifs" in your comment. If anyone did, that would make such a person a superhuman. Well, for me, I think it's premature to sell off now considering that we still have 2021 (which is a post Bitcoin halving year) to repeat the miracle of 2017 (which was also a post Bitcoin halving year). If I had Bitcoin in my possession, I wouldn't be selling now. There's still more room for movement up north (if you get my drift). Don't base your judgment on the fact that Bitcoin just made a new ATH and so should be ready for a crash. There could be corrections along the way but certainly not a dump. There are many more ATHs to be made in 2021.

Unless you are going through a hard time and desperate for dollars to pay your taxes and buy some food, you should never cash out your bitcoin, you should hodl it until the end of time. Bitcoin is the best digital store of value known to humanity, which means the longer you keep it in your wallet, the less poor you become. In the case of the dollar, the opposite is true. Bitcoin is the best digital means of payment in terms of security, transportability, immutability, accessibility. Until the invention of bitcoin, humanity had had no idea how to represent physical cash in a digital world. Moreover, by never selling your bitcoin, you only make it more valuable and more widely adopted, which results in an increase in the value of your own holdings.

Since we have hit a new ATH I have had some very serious thoughts about cashing out some of my bitcoin.  I also think there will be a price correction but I do not like to try to trade in the market.

For those of us who are here for the long-run it can be a real challenge to keep hodling when there is a opportunity to take profit from letting go of some coins.

I am going to HODL until we have another bull run and then maybe I will cash out but not all my Bitcoin.

Well, it was a risky move, at least from the point of many that think BTC is going over 50k this time. But if you ask me, I think it is very improbable that Bitcoin will never go below $20k again, and this can happen much sooner than March-April. Just don't miss your chance at  that time! ;)

It will only depend on your choice, if you want to keep on hodling then go and if you want to cash it out then go, no one can tell you what the right thing to do because no one knows what will happen in the future if the bitcoin goes down or keep on pumping, no one knows about that. Maybe you'll just need to set your standard bout the value of the bitcoin if it is already enough for you then cash it out but if it is still not then keep on hodling, investing for the long term will make you earn more money.

Actually everyone has their own right and most importantly don't sell it at a loss or unprofitable, but if you have a strong belief by doing an analysis that believes that bitcoin will continue to rise, you should HODL.
and for the current situation, bitcoin price is in a good trend and is likely to continue to rise and I will prioritize holding it and making sales when needed or as needed, and only selling small profits for urgent purposes.

Well, that's your thought and we're all free to have one in times like this, but never forget that the Bitcoin market has been evading by institutional investors, this was what Bitcoin lacked in the past that made it bearish from Feb-April but with these changes i doubt sincerely if we're likely to see Bitcoin price dump some IMO.

Right! I don't believe in the S2F theory... Of course you can't rule out a 50K value, but in my opinion the growth is coming to an end, and the price will soon begin to decline... And bitcoin remains bitcoin at any price! ;D

Volatility is more of an issue over short timeframes. The longer the term you consider, the more there is a consistent upwards price movement.

• If you need the money now, of course cash out.
  
• If you don't need the money now, but think you can make a profit by selling and rebuying at a lower price point - then your success will depend largely on your trading skill, and only you can really judge your ability and chances of success here.
  
• If you don't need the money now, but are concerned that the price will drop and will never reach the current level again (or not for many years), then go to coinmarketcap, look at the 'all time' chart, and switch it to a log scale to get a clear perspective of historical price movements.

Nobody can predict that the price of bitcoin will continue to rise or that it will decline. But I chose HODL not because I can predict prices in the future. But I believe that Bitcoin will experience a continuous increase. Yes, I believe it

Yeah in my own perspective, we can earn more during these time if we will just hold our bitcoin, it is continue to growing and pumping a lot of news are coming that help bitcoin to rise, and maybe as some of the predictions in some website, YouTube and Telegram there's a possibility that bitcoin can reach 28k-30kusd this year, so I am sometimes believing in it, a lot of fomo has being create and many people are buying it, and many counties are adapting on our new technology.

That is the right choice, you can sell parts to make you still comfortable to hold your bitcoin in the future. At least if the bitcoin price drops below $20.000 you will already get a profit. There is no wrong to keep hold our bitcoin as long as we already know some factors which can make its price going higher than now. But it will be a fool if we just heard and follow what other people do, they can be suggested to buy bitcoin and tell to everyone that bitcoin will up again because they are in a lose situation. The market sentiment can change anytime and as far as I know crypto currency market will respond quickly to what is going on.

To tell the truth, for now, I'm always cashing out my BTC balance in my account to be USDT. This is exactly in the Bullrun and at the rate of ATH. However, I am not a good analysis so that I really don't know whether the price of BTC will be really increasing again or not.
However, in this case, holding some USDT to buy BTC when the price is a dump or in market correction is another strategy. And hopefully, for the rest, I can really hold it, at least 50% from my asset.

HODL.......

The market prediction of bitcoin and other cryptocurrencies isn't an easy thing. Some people get lucky to make a good profit out of random choice. The present market movement is close around the ath value. Cashing out at the moment is good and it gives peace of mind, because once after the celebration days the market will surely experience a downfall. Hodl is good when you had invested with the excess fund from your earning.

You ask the wrong question.

The proper question is what % of my bitcoin should I cash out?

If you put up 10k to buy a coin at 10k you are now close to 23.2k

Sell .5 coins

You have 0.50 free coin to let it ride.   {actually the 0.5 coin would have cost you about 400 see below}

---

the following applies to a short term gain under USA tax laws

You got back 11.6k   if you go legit tax may be  30% of the 6.6k profit or 2k

netting you 9.6k in pocket and .5 btc which would be only 400 usd out of pocket.

It is an easy choice to go 50-50  if 10k has turned into 23.2k.

what's also nice is even though you are 400 usd out of pocket in the case of 1 coin purchased at 10k and .5 of it sold at 23.2k

the remaining .5 coin is valued at 5k by the usa government.  so if you hold it and it crashes a lot to say 2000 you panic and cash it. you get to take a 3000 dollar cap gain tax loss on it. which saves about 1000 and you sell it for 2000

tax wise it is a good move to do this if you are usa citizen.

With the current value of bitcoin right now, it is quite crucial to decide whether you are going to cash it out or hodl. We should atleast learn from what happened before with bitcoin wherein its value suddenly rose up and after a while it fell down so hard that many experienced massive loss. If many people are saying or predicting that bitcoin's value will keep on rising and you are believing it, then keep on holding but if you are against it or you have doubt with that kind of prediction, cash out or distribute your bitcoin into other cryptos that has the potential of growing more like bitcoin.

why not do both? it is the best thing to do if you are having a dilemma whether to cash out or to HODL. all you have to do is to cash out a percentage of your bitcoin and hold the rest of it. I've been doing this for more than a year now and I haven't regretted it doing it so far.

yes you are right, faced with the current position is quite complicated and very confusing and of course to avoid things that are not expected by anyone who sells. indeed at the time of correction this time, the waste will be quite large, but it won't be much past the $ 20,000 price tag. but apart from that, back to the owners of bitcoin, are they able to hold back or will let go in order to wait for a better price. the end of the year is not very convincing. But the market always changes when you least expect it.

This is realistic, because we will not know when to need finance as an expense, of course this must also be taken into account that the two must also be balanced. Either HODL or cashing a little as a necessity is important, because market movements will not always be bullish, there are times when the market will also experience a correction, of course this must also be considered.

Cashing out is up to you. What I would recommend as I am doing since this summer when the price was $10,000 it is to hold at least your profits. Many joined in the summer and made bets to buy at $10,000, today they doubled up. Why you have to cash out everything? Just take out the initial investment and keep the profit in Bitcoin forever, or trade with it, whatever you want.

I don't have any doubt about Bitcoin's long term potential and if there is anything I don't consider it is to cash out. Anyone that entered Bitcoin as an investment with an expected ROI then should follow logic and not just sell everything. Looking at the chart for the next year it seems it is possible to at least double again as demand is very high.

We see institutions, pension funds, banks, and even public listed companies being bullish and buying even at these prices. The risk to invest today in my opinion is still low even at this all-time high as there is no sign of pullback or even any correction happening.

This is a really tricky question. To me as the market is unstable I have cashout and will take a re-entrywhen the market will show a good signs like Good positive chart or some good news in mainstream market etc. Definitely looking for the charts to take entry into the market for short term trades but for the long term I think this is not the right time atlest below 24k.

 HOLD

I like your idea, normally very possible bitcoin could increase beyond $24000 but this is not yet the right time to hold, I have resorted to trading instead, I prefer margin trading because it is the best for now. I noticed the market do have sharp drop and great increase recently, that is just the benefit many good traders will turn into profit. I too will definitely prefer to just trade at this time instead of holding.

Well, I would say hold Bitcoin. Now its price is 23k and it'll get much higher. So I'd choose to buy and hold Bitcoin until it reaches the peak

Before making a decision whether you will cash out or not, check first how much you trust the Bitcoin market. Do you believe that Bitcoin will really reach 100k in the future?  If so then is better to hodl.  But if you don't and think that the market will crash soon, then sell your BTC and never come back again.

Hodling BTC had been profitable at the current market scenario.  As long as you don't need the money badly, it doesn't hurt if you keep it until it reaches your target selling price.

Bitcoin will definitely reach 100k at some point in the future. But the most important question is how long it is going to take. I don't know whether the investors will be happy with holding their coins for another 4-5 years. And corrections can always happen during this period, and as we have seen from 2015 and 2018, the prices can decline by as much as 85%. Some of the investors may be looking at the possibility of selling their coins now, to purchase when the prices go down.

for what its worth there are numbers behind the % of hodl s cashing out vs institutions buying in

https://blockcast.cc/news/what-you-should-know-about-bitcoins-growing-1000-club/

tl'dr: more hodl s are cashing out now and more institutions are buying in

It relies upon the amount you're Holding, it additionally relies upon your monetary capacity to keep up bills and conceal on the off chance that your sole dependability is Bitcoin. You can sell when the bull run is going on. In the event that you have different methods for taking care of your tabs, you can hold no one knows whether the siphon would wait or dump will stick around. As I would like to think, I'd even now hold for a couple of months.

Hodl bitcoin. This is a promising coin that even SEC has stated that bitcoin is fully utilized and it's not the same as shit scam coin called XRP. Any bitcoin holders should hodl their bitcoin.
more institutional investors are coming and there's no reason to sell our coins to the institutional investors or even whales.
The whales and institutional investors are accumulating more and more bitcoin.

And another proper question is when?

I read a good advice about two years ago in the discussion of "When to cash out during a bull run?": If the price is good enough for you, cash out 5%, and then cash out another 5% when the price is 10%+ higher, and so on.

Stopping when 50% is left is a good idea, I totally agree with you on that.

It seems that Bitcoin is going for another wave, no doubt to reach close to 24K yet again. I think this trend could be taken advantage off. You could sell and then re-enter at a lower price if that's what you wanted, or hold for much longer term.

With the Bitcoin price exceeding the $ 24,000 price tag then I definitely prefer HODL my Bitcoin. Because I believe the current increase
in the price of Bitcoin is only the beginning, Bitcoin will continue to rise until the end of 2021. And based on the analysis I did, it is likely
that Bitcoin will hit a price of $ 50,000 by the end of 2021. So my advice is to buy Bitcoin again every time there is a price correction,
that way the amount of Bitcoin we have can continue to grow.

Of course Hodl. Or you can cash out half of it.

If you do believe that in the next following year bitcoin will reached that high, buying more and more is very applicable. You'll earned a lot

if your assessment went well, we can't assure what bitcoin brings in the near future but for now it's best to continue enhancing your knowledge,

you'll be able to position yourself in the right direction if you understand how things works inside this industry.

Indeed, the fact that most successful billionaires believed in holding certain financial instrument provides higher yields than trading it for a short term timeframe. Though, future is uncertain; however, bitcoin price based on historical data - favors long term holders.

I do not think that hodling alone will be good for everyone, I do believe in balance so I am currently dividing my bitcoin into half, the first half being hodl and the other half being cashed out whenever the time comes to cash out. As you have said, the price constantly rise which means that we should take the opportunity to get a piece of that ATH pie.

I don't understand why many people hope that bitcoin can reach the price of ATH, after that they don't even know what to do because greed still looms over them. Why don't they determine their "take profit" if they still hold bitcoin up to the current level?

if we ask more precise question? sell now or sell at 2021 end (which is HOLD for now) I would say HOLD! chances are that next year end price to be higher than 2020 end price over 95%. It's like betting on Bayern-Mainz on soccer today. if you desperately need money than exchange today only if you absolutely need to. Otherwise just way one more year or more (if next year price is not enough for you). Only your situation in life matters. Read, use your brain and listen to your heart!

I beg to disagree, it will be good for everyone if you only trade as part of your time. Not making it full time. Having a job aside from trading is the basics in books I've read, and I really agree to it, as I believe that trading is a from of gambling in a way.

But if you are doing it for full time to support yourself, then maybe you're right.

At the time you made this post btc price was not up to 25k if you had already cashout well depending on when you get in and what your target is, it would be a mistake to do so especially now that btc seem not to be taking a break at all, right now the price is $27.7k which is way above the price in 22nd December, in my opinion I would say ride it to the very top but be vigilant of the market movement.

By now your profite should be huge already I will definitely advice you to cash out and wait till when it dip again and you can still enter and make good profit nobody is sure about the direction bitcoin is going currently so just cash out and wait.

I am selling till i got my intial stake out, the rest is bonus and i will hodl it. Came in late 2017 and don´t dont want to miss to take profits again.

I am still expecting for Bitcoins next ATH as the days goes by, so I guess its better to hodl. But in some instances, each of us have our own reasons whether to cash it out or hold on a bit till the next ATH. Its still great to sell all your holdings now while the price is still up. If you badly needs the money, you can cash it out and it would absolutely help you a lot. However, if you still want to earn more huge profits, then just hold on and wait. I strongly believe that Bitcoins movement will continue to go up and amazed us.

There should be a strategy for selling, laddering out a percentage the way you will also in the bear market. Its a way to teach oneself how to manage greed. Some thought we had the ATH 2 hrs apart and the loss the $2k margin, same will happen when it will dump within 2 hrs. You can sell all your bitcoin but a good percentage on every price and wait for correction to pick more up.

It could be that the 2017/18 scenario will repeat itself.
We also had a very sharp price increase 3 years ago.
From a purely technical point of view. I realize that we had different funtamental dates today than we did then.
Still, some investors will take profits in the short term. This will lead to a course correction. After that, the BTC can begin to start a new ATH. This is why it may be wise to secure half of your BTC

In this kind of cases predictions will not matter most, what matter most is whether you believe in bitcoin or not because you cannot hold to where it is headed if you have doubt about the bitcoins capability.

Even if bitcoin has reach it's new ATH, it doesn't mean that it will stop there because if you are going to check the market we are not yet in the peak yet meaning there is still a big chance that bitcoin price will create a new ATH again and again until we will hit the peak of the market.

It's Always better to Hodl (Not for all crypto), but if you need money for some reasons you can cash out

I agree, that unless you must you should try to stay in the market and not cash out. Like the saying 'never cash out n a bull market', I have found this to be painfully true. It is best to be aware of this saying as it might help you out in the future. However, if you feel like you don't want to take the risk any more you could take a comfortable chunk out but still maintain a 'small foot' in the market.

I recently sold bitcoin for the price of around $24000, but in two days time the price of bitcoin has come around $28000. Cashing out/holding of Bitcoin is upon one's personal interest. Users keeping hold of bitcoin should have the mind to accept anything. One should not tend to make an investment by now, because risk is high at this moment.

You will find the answer in your own because people have different mindset of possible to do with your bitcoin people for sure selling their bitcoin and the others are holding more months or they wait until their target price will hit and that is the time they sell their bitcoin. Holding is good if the bitcoin price is going up but if the price dump you lose some of the profit that you possible to get when you sell your bitcoin earlier but for me Im holding my bitcoin.

It depends on what you aim to. If you came into BTC and bought it for 6500 and now it's 25k you've already got almost 4x profit. If this amount is enough for you and you don't wanna risk then you are completely able to cash out your funds. What about me I'm a crypto enthusiast and I would prefer staying keep HODLing till BTC reach the moon  :D

isn't this the entire game is about
to cash out or HODL

if we look at patterns, in December 2019 Bitcoin reached it's ATH only to be tanked a few weeks later. I believe this will the case in 2020 as well. its price will fall
the important factor is the "Buy-in"
if I had bought bitcoin at $15k-$20k i would have definitely cashed out. For long term HODLers, ATH will not effect them and they will keep HODLing.
It depends on the person.

There is no definite opinion on this matter. It is necessary to do thorough research. Even with this, nothing is certain. Our recommendation is to follow the market and all comments on the analysis during this time. You have to devote a lot of time to this. And you should know that no technical indicator or analysis should be followed in itself. You should make your own choice by researching and considering all other factors.

If you are already at 300% profit, then why can't you recover the capital amount by selling 1/4th of your coins? You can keep the remaining 3/4th of the holdings for the long term (may be for 3-4 years) and hope that the prices would reach somewhere in the vicinity of $100,000 or even higher. Since you have already got your capital back, there is no risk in holding these coins for the long term.

I don't see any reason to sell bitcoin if you don't need too much.
I bought my bitcoin at a much lower price and decided that no matter how much the price of bitcoin goes up, I will not sell it.
I believe that in near future the price of Bitcoin will surpass our imagination, then there will be no other way but to regret. Just Hodl your Bitcoin as long as possible.

That's a good principle. But I chose to sell when the price got too high and buy back when I thought it was the right time to buy. I am a person who can't wait to hold assets too long.

I bought bitcoin at a price much cheaper than the current price and so far I haven't sold bitcoin. the price of bitcoin now makes me surprised because it has been a long time since I monitored the price of bitcoin, I plan to sell bitcoin now I have made a profit many times over.

Predicting the outcome can't be remove from the equation since it may have a chance for a better outcome though there were times that those predictions came out worse but still can be reliable at times. You need to associate the prediction with the current facts and situation so you can have a higher chance that prediction would end up as a success.

This shouldn't be a "confusion". Ask yourself some questions. Have you reached your profit goal? Then cash out. There is no need to keep on holding since you have already reached your goal. Greed for more profit, then you might end up with nothing. Haven't reached your profit goal? Keep holding, forget about cashing out or else you will deviate yourself from your goal. Want to stay on the safe side? Cash out your profits only and just keep your initial capital as investment.

My summation is that any hodler who has the opportunity of buying bitcoin during the first wave of the pandemic when the price dumped to $3900+ would have earned a massive profits now that price is above $29K+ its better to sell part of their portfolio and take profit while leaving the rest.
 its quite hard to predict the price of Bitcoin it even defies technical analysis in most times 'what goes up will surely come down' it obvious that a correction is imminent however it is uncertain when the price will dump.

So it's really up to you, weigh in the situation right now, and make sure to make the right decision.

in the last 3 months, I've sold my bitcoin at $11.7K and $15.2K.
I know I had a bad decision on that.
however, I feel less stressed because I've secured my profits.
reflecting on what I did in the past, hodling is not a good choice for me, I have weak hands and I could need money at any time.
I still have a small portion of bitcoin right now, it's enough to make me happy when seeing the price go up.

I would love to know how do you guys consider to sell your bitcoin after hodling. what's your indicator to determine the selling time? do you set a specific target price? or you just hold because of the hype and everybody hodl too?

For me, you should not leave the board so early. If you've held for long, you can still hold your Bitcoin for greater benefit. Considering this bullish trend, it will continue longer than we expected.

The market is extremely bullish in the weekly chart, If you are smart and want to be worry-free then hodl your bitcoin instead of doing trading. If you want to open a new entry into Bitcoin, now is not the right time to buy, you should definitely wait for a correction. Buying at the top definitely is a foolish idea.

I'm "glad" that I'm not the only one. Don't know if that makes you feel any better but I also sold 1/2 of my Bitcoin the last few days, only to see it cross a new all time high the very next day. We're not talking about an extremely large amount, was around $900, but I could profit for at least $100-150 which isn't bad at all.

Totally true! There is no way of knowing when to withdraw the profits or hodl any longer. I think it should depend on the circumstances of each one.

Barry Silbert in a tweet 4 hours ago.👇


The message is clear hodl Bitcoin. The bullruns are just beginning and it also has the peculiarity that is different because it is happening at an important moment for humanity.
IMO hodl is the best I bet on hodl.

When you created this thread a few days ago, the price of bitcoin  was still at $22xxx  and  increased  to $23000  to date  already $32K.
If you still hold it, you get a lot of profit. So no one can know for sure if bitcoin is going to go up this fast. We can’t even guess if bitcoin
could have dropped again to $22k. But if that happens, just be prepared to buyback.  If you  look at  the current price,  I’m sure  bitcoin
will be a better value. But of course there will be corrections.

If you want to work with cryptocurrency, you should not be so confused. If you have any exchange experience, I recommend you buy and sell. You can increase the amount of BTC you have. Although the price of Bitcoin is rising again, so I think increase the amount of BTC by buying and selling a little distance. Even 2 months ago, no one imagined that the price of BTC would increase so much. There is no guarantee that it will not increase in the future. So I think increase the amount of BTC by buying and selling.

The Bitcoin prices are not going to go up forever. At some point the rally will be snapped and an extended phase of correction may start. Now this phase may come after Bitcoin reach an exchange rate of $40K, or even $100K. No one can predict with certainity. The best investors are not those who hold their assets for infinite period of time. Rather, the best ones know when to book their profits at the right time.

Everyone has its own opinion there are so many people who bought bitcoin 5-6 years back their target was around $22k-$25k per bitcoin they are all selling now and other side many people still holding their target is around $50k -$60k

My advice is never go full fiat or cash out! Don't you remember all the stories of people cashing out everything in previous years then regretting their decisions? Why don't you keep 10% at least in case this shit goes to the Mars?

The price of Bitcoin is already very high, it cannot be denied that there must be many investors and HOLDERS who have 'cashed out'...
for me, it is not a big problem to 'cash out' at this time because of course there are many who have made a profit, but for those who have 'cash out' they must be prepared to buy Bitcoin again when the price drops.

Selling is okay but don't let yourself be fully empty when the times of bulls like this comes. Sell but still save something for yourself because you'll never know how much bitcoin will be remaining in the future. Set a target that you'll sell a lot but still keep any amount or at least 1 bitcoin for the sake of the future. 10% is good but it's better if you can keep more than that percentage.

Now we can say with great confidence that you need to wait and not sell bitcoins, since now more and more billionaires will invest their funds in cryptocurrencies. A couple of months ago, the domino effect began, which will only increase in scale. Already today, many institutional investors have changed their minds about cryptocurrencies and started investing their money in them, which led to a lot of hype around cryptocurrencies and an increase in the price of bitcoin.

Bitcoin is now going to moon after a long time and I think 2020 is not that much badluck for us . Last month bitcoin create a history itself. It increase its price so high. Hope this new year will be also lucky for BTC holder

With the price of Bitcoin going up significantly today, even the price of Bitcoin is now above $ 37,000. I prefer HODL the Bitcoin that I have,
because I believe Bitcoin can go up even higher. Please just call me greedy if you want I don't care what you say, I'm ready for the risks that
will occur. Based on the technical analysis that I have done, it also supports Bitcoin that it can still go higher, so I chose HODL the Bitcoin that
I have.

Many of us are already confused about what decision we should make on the kind of market we have right now. The truth is, we are never wrong to decide to buy Bitcoin now or to sell it right now even if the price increases way up to higher. In terms of selling, we should always think that profit is already a profit and there should be no regret for selling our holdings. In terms of Buying, we should also not regret buying at these prices because we took the risk, it is up to the market whether to give us profit if it increases or when the market price crashes, there's always a chance to win back our investment through waiting. What is important to consider is that we trusted cryptocurrency especially Bitcoin. Our only enemy here is ourselves who keeps us Fomoed and FUD, based on the statements of other people.

I think that you can mark a point for yourself when you need to cash out but till that moment you can just keep on holding. Recently I decided to cash out a small part of my portfolio when BTC was at $35k but now I regret my decision so hard because BTC has reached a 37k just in a few hours after it :'(
If you trade you can set the lowest point for yourself and open some stop-loss orders and minimize the risk of losing funds. I'm pretty sure that BTC can easily reach a 40k mark by the end of this week so there is nothing wrong with holding your bitcoin until that moment at least.

this is just a suggestion from me. cash it if you really need to cash it because the price of bitcoin is very high now, maybe if you cash it, you will get a lot of profit, but dont all of it, leave a little for reinvestment, maybe next week the price of bitcoin will go up even more. for me bitcoin is very suitable for long-term investment, had a chance to sell yesterday when the price was higher than now and I got quite a profit.

I was fortunate enough to enter bitcoin and other major alts pretty early but i never had no idea that the price of bitcoin would touch the valuation we have right now this fast, i was expecting this valuation but not in 2020/ 2021 and hence looking at the rally i am surprised and i wonder what the valuation will be a few months from now and all the speculation about the price crossing hundred thousand looks a real possibility looking at the current rally.

Everyone is optimistic about Bitcoin. I think that price will go up even further- Mooning. Bitcoin is a mainstream asset/currency right now. Everyone talks about it. It will not go down without strong reasons. Old hodlers will get lambos soon :) Hodl! Hodl! Hodl!

That's a good idea but I think it will only work for the strong minded people. I find that nowadays people are too reactive, they see something going up, they buy, they see something starting to fall they sell out. There needs to be a balance, and I think only with hardship and expereince once can be shaped into taking the type of approach you're talking about.

It’s not favorable for somebody who still considers of which is the finest thing to do. Professional holders, certainly holding for long run. If want to sell and cheerful with the gains that they've made, they would have to be offer at benefit. Indeed the holders would be upbeat to offer in the event that they required money. There is circumstance that we're all managing with, in the event that we require cash, holder or not as long as you're in picks up, you'd certainly planning to offer. That's all what things, as long as you do not offer at misfortune.

We are always on this fence whenever bitcoin reaches an ATH, whether to cashout before a dump happens or to hold and see if its going to keep pumping, I think the holder is the one to make this choice whether he/she will continue holding or not, from what I know some people are long term holders and won't sell no matter how high the price goes, while short term holders who bought bitcoin before the pump started would dump immediately for profits.

If the history in terms of the chart really repeats itself then I think holding on now might be the right option, we don't know if the chart will form the same pattern by having some corrections to finally hit ATH and then dumping. I'm still wary of this, at least by always checking the market every day and even at all times because I still choose to hold. It doesn't matter if it's slow or too quick to sell, I just want to catch up on something that's at least close to its ATH.

Cashing out might seem to be the most logical thing to do at this price point and millions will agree with me, Bitcoin's price is very high right now and people may have little to buy with what they have and this will be a good way to help them and incorporate more people in the cycle, but it does not seem best especially when you realize the transaction fees are to high at this moment. Unless you're willing to pay 50-100 dollars to cash out your earnings, you wouldn't want to withdraw it. This also makes sense, although this could get you by the neck once the coin starts dumping. It's a shame we wouldn't know at what pricepoint will the price correction happen and whatnot so we could time it before it happens.

It is dependent on you and not on others. When investing, it is advised that you have a goal. Maybe $20k or whatever it is. Once that goal is reached, then you pull out. Else greediness could take control. But then, if you're gonna hodl bitcoin for long term then I don't see the need to afraid.

After we hit 40 thousand I still think it's the best idea to HODL. I did that at 6 thousand and when we hit 20 I was telling people to continue.

Now, if you need to celebrate go on spend some coins but nobody can predict where this FOMO stage will take us. In 2017 it took Bitcoin from below 10 thousand to 20. I hope you have a lot of free time and popcorn ;)

BOTH!!! But more holding. 90/10 take 10 or 5 percent for doing a good job of managing buy more and hold.

For this moment bitcoin is back on the hype just like back in 2017 where many new people come join to cryptocurrency scene.
Stock markets are recovering right now and many people looking for new opportunity such as crypto investment.
So i think right now is the best time to hodl until the hype go down.

I watched my 80/20% BTC/ETH (The prices basically are doing exactly the same thing) went from $5000 down to $4800 from when I woke up until now being 9:00PM EST, I bought in BTC at 15k and 32k ETH at 1000$ so my profits are met I will admit I have a big FOMO and tend to check my phone every 15 min to see my portfolio. I was thinking sell my position if my portfolio  hits $4500 (I have some stuff I want to buy, which was why I bought in in the first place so this money isnt essential even though it is my whole net worth  :o )

If you were a noob like me what would you sell at? I do plan on buying back in with a few grand if it goes down to BTC$20k , I know this is going to be an amazing year for BTC.

On December 21, Bitcoin had a price of $ 22,000 - $ 23,000. Those who sold bitcoins at such a price probably already regret it. They had the opportunity to practically double their profits, given that the price of bitcoin is now over $ 40,000. As we can see, the current growth of bitcoin is not at all similar to the situation of its growth in 2017 - 2018. Now the situation for cryptocurrency is much better than it was three years ago. However, it is all the same, bitcoin should go to correct its course after some time. Most likely, it will not be as deep and long as in 2018.

Same here. Especially with the current price, it's a good idea to hold as much as we can. But personally, I sell a little portion so that in case there would be a sudden dump, at least I already have myself a profit and I wouldn't have any regrets on why I didn't sell. ;D

If you are really looking for a very good profit and good earning, its better to hodl long term but if you just wanted to gain profit day by day and just into easy income then you can cashout every profit that you will have.

as we see now bitcoin continues to soar up its price, it is not easy to predict or know whether bitcoin will skyrocket even higher or will come back to lower its price, in my opinion it is better if we currently hold some bitcoins maybe we can sell it for a certain price. The current price, let's say we can sell a few percent of what we have, so we can keep some of the rest for a longer time, and of course very lucky someone is still holding their bitcoins today.

always hold  ;)

Looks like it might hit 80 thousand so yeah sell a little portion if you living on Bitcoin fasho if you not actually surving totally on Bitcoin then try to hold as long as you can but set a sell price like if it goes down to 40k again  just a lil bit.

Holding is a great way to invest on bitcoin for a really good profit for your future and as how things are currently going, you'll secure your funds for your future and maybe for your next generation.
But you're just looking to profit in short term then a day by day trading is the best shot for you but just be sure to study and analyze how the market moves to gain better profits.
I don't really think that cashing out everytime you earn some income is the best option if you really want to earn more as it's better to just compound your earnings and only cash out when you need the money. Compounding your income is better than cashing out if you're not in need of money yet.

At this cross road its always hard to make a decision cause you might cash out and it's keeps pumping and it can also be the other way round, the choice is up to the holder if the money is not needed urgently then holding is a better option, but if the money is needed then selling it get profit is the only option.
Bitcoin keeps making new ATH's, it's hard to tell when it's going to get to that point where it will start dumping, if anyone sold at $20k they would probably be regretting it by now, cause bitcoin has done x2 since then, so it's better to keep holding and follow the market closely cause the dump might start anytime.

Now very risky time for bitcoin holders.Because, any time bitcoin price can down.But, many traders are belive bitcoin price will hit 50k+ and they are hold their bitcoin.My opnion is it's time to sell bitcoin or cashout bitcoin.

if i were you i will cashout while holding im say like this bitcoin doesn't give sign of bearish or price correction so you can cashout the profit from trade but not all of them make spare to do trade again

in my opinion if you really need it for your needs then just sell if you can just half because there is still a possibility that it will go up, like at that time I had a lot of needs then I sold half of it and the other half I held and I got a profit because one week later the price went up.

I have sold bitcoin because of the economic needs of my family if my needs were sufficient I would not sell bitcoin I choose to hold but because it was urgent I chose to sell bitcoin.

Hold or selling this is your own decision. Many long term holder who hold since 2018 at a time make good profit. Today bitcoin price $41k up. So you long term investment I prefer hold I believe soon again make New ATH this year possible touch $50k  bitcoin price.

You guys always talk about only two options, as if there is nothing in between. I invested in the cryptocurrency for the first time in 2014. I have followed a combination of long term holding and booking profits at regular intervals. This has helped me in taking care of my monthly expenses, at the same time leaving enough coins in my wallet for long term holding. But it is up to you, to decide how much of your coins you want to set aside for profit booking.

The point in terms of choice we have to be confident, In the world of bitcoin we have to be smart in finding coin market information. Suppose we have some coins that are priced higher than the previous coin, then it would be good to liquidate. And the rest we keep for another time.

That only if we know what will happen next but somehow, we always face a big challenge everyday and that every step/decision we do is not fully 100% sure that we are right or wrong. I can't be that confident at all but I feel no regrets as well of doing cashout as I also making good money from my investment. Felt sorry to me for not holding it long but that was a part of our crypto life, it can't be perfect.

For me, it depends on the profit I have made. If I HODLed for e.g. a few years and made a very big profit, I would choose to cash out and wait for the price to go down at a too high rate. Then, I would buy BTC from that price again and HODL it for a similar time period and observe the movements of the price. 

For most of the investors, it doesn't depend on the amount of profits they have made, but their ability to wait for long. If you can afford to hold your coins for another 3-4 years, then that would be the best thing to do. With so many institutions entering the Bitcoin sector, the future potential looks very bright. But at the same time, if you have expenses to take care of and you are short of cash, then it won't be a bad idea to sell some of the coins right now.

Basically, finding information about a particular coin on the internet sometimes seem tiring, so, i wouldn't suggest that to anyone at the current space we are moving. Your holdings depends on you actions, selling some part of the holding and keep others against the future should be encourage at this time. There is a possibility that these bubbles will soon burst and when that happen then many will regret their actions on be perpetual holders without take profit.

I don't think so. Knowledge should be the most thing to consider before you make a choice. If you only rely on confidence, it sometimes makes you regret it since it is very risky and possible to lead you to a terrible situation. I suggest to analyze everything with your knowledge and experience first before you decide anything.

I do believe long term holders of bitcoin already cash out or take profit from their capital and already waiting for the opportunites again to fill their bags once it go down deep. Nonetheless, both decisions are fine as long as it will give full benefits of each individuals of their sole purpose in crypto currencies, to hold or to make profit.

You point out something in his comment, then disregard the next sentences in his paragraph. In other words, you "NITPICKED".

He stated that "In the world of bitcoin we have to be smart in finding coin market information", meaning that we should smart to gather information/Knowledge about what we are going to deal with. And of course, as he said in his first statement, we should be confident with the choices we would make after we gather the information.

And yes I agree with him regarding this one, as you should always be the one to be confident in your own decisions regarding the information you yourself have gathered, and you yourself must be ready for the consequences of every decision you make, hence the "CONFIDENCE".

I think need knowledge and never allowing what other recommendation when trading or keep waiting with your assets, when you try for cash out looking later with moment have chance your assets increase to higher price or not. Many investors not confident and look busy for cash out without waiting next have good moment for holding with bitcoin or altcoin price going up. I think depend with your feeling which one better holding or cash out your assets.

Not all of them are profitable. I actually see the portfolios of large-scale bitcoin investors, they actually hold bitcoin, maybe every individual now is the right time to be able to sell and wait for bearish momentum and buy back. in at least 3 years the price of bitcoin has experienced a high increase at its peak at the end of the year and early this year

It depends entirely on its holder. Because it is almost impossible to give accurate information by analyzing the market and it is also a matter of luck to cash out by selling at the right time. Because after selling, the market may go up. As a result of retention, there is a possibility of a loss of profit or loss due to the market downturn. So instead of relying entirely on the analysis of others, you should try to make your own decisions by collecting and verifying information. In this case, I think that we have to wait through the constant market monitoring and if the market situation goes down or down to the made strategy, it can be sold out and cashed out.

It is hard to predict really.
For me, the current price is really good to cashout and then save and hold for buying when the price went down again. That is how I find it more profitable.

It might reach that price or not, people should still hodl. We never know what will happen in the past but still, we shold hold it because we might be able ro use it as a currency in the future with its value so high we are just using satoshis. This might still be further in the future but I think it is podsible to happen.

well if you sold at 41 you can buy at under 37.

but if you live in a tax country like usa. the hammer of tax eats all of that up.

If got in at 20 and sold at 41 making 21 i owe about 7 in tax.

so buying back at 37 is a loss.

I have to wait  until it goes under 33 to have made out.

So selling for me is costly as I have a 33% tax on profits.

If that is the case, then you should not sell your coins unless you are sure that they can be bought back at sub-20K levels. If you purchase them against 30K-33K, then how much profit you will get? There is no point in investing in BTC, just for 5% or 10% profit. I would rather target above 100%. Anyway, it doesn't make any sense to sell the coins now. Because in the long term, the prices may move further up. Mainstream adoption is gaining momentum, and unless there is no stinker from the SEC/FinCen, we should be comfortably on our way to 50K.

I think you should choose what you like to do. If you can withstand the situation where the BTC goes down and your Financial situation is good then do it otherwise don't. IMO, holding is not wise in the current scenario because people will be panic selling if they another dip.

In order to overcome my greediness, I set the target as well as the profit at a certain level, ofcourse at a rational price level. as long as it hasn't hit that price level, I will still hold it and it's not a big problem for me

Holding is my number one choice. Bitcoin is going crazy in the past few day. This is a proof for a big upcoming bull run which can change the context of our modern world. People expect bitcoin and other cryptocurrencies to become a part of our world and change the current financial system. It means, if right now I am not capable of having a small piece of bitcoin, i will never ever have a chance to have a penny of bitcoin in the next generations. Keep holding your bitcoin. Not just for the profit but also for the future purposes

Bitcoin isn't going to repeat the crash of 2017, the price is falling quickly but resistance is still very strong. The possibility of going below $30k is very low, I am confident it will return to $40k. Everyone stay calm and don't sell off.

You’re right, there’s no need to panic this time. We already have experienced in this, moreover we see that bitcoin is getting
stronger with many institutions holding it. It’s not that bitcoin will not go down very deep, it’s likely  to happen. It’s  just too
early if bitcoin drops past $30k for a bullrun this time.

Well, I guess this is really the time to set the limit. When bitcoin hits $35k, I sold my btc because the profit I earned in the past year will be tripled. That is enough actually too much blessing for this year. My plan is to keep it and buy more when the price goes down. It is also to prevent myself from panic. Whatever happens , I know that I already gain from my investment.

BTC bullish run is slow but steady, and as of the moment it is steadily increasing, So hodling after that sell in 40k, and buying at 30k might be my best decision sofar. I might consider waiting for it to go up to 50k and see where will this run get me into. As long as the pandemic is there, I think that BTC will not get lower than 30k, so no lose even if It didn't reach 50k.

I really think it depends on the person whichever they feel safe or maybe if they feel they are contented with the profit they gain from bitcoin from the amount the bought it. But there are also some long term hodlers, like I know some who have been holding his coins for like about 6 years or so and still haven’t made a single withdrawal from how much they bought them 6 years ago. So it is just a matter of discipline and your ways of how you can earn more from the amount of bitcoin  when you bought it.

You are lucky to have that patience and now you are just going to keep that in the way that it will bring profits with your investment, it's tough but if you do so, the benefits is really enjoyable.

Those who manage to keep and hold thier assets are now gaining a lot, seems that your statement might be true as long as the pandemic still present there are many investors that will come around and start placing their money inside the market, the more the better surely it will push the value to much higher price.

HOLD HOLD and HOLD!!!

bullish this year Bitcoin has indeed experienced a very impressive rally, Bitcoin has risen 100% more than their ATH $ 20200,
of course this increase is not just a single pump, Bitcoin has pumped 5% to 10% and is experiencing a correction,
that's the way bitcoin is going, and it's very different from 2017, I believe this year is the beginning of cryptocurrencies to be able to always give positive things.

hodl bitcoin is of course the right choice for investment in this pandemic, it has been obvious that the increase in cryptocurrencies in this pandemic has performed well when compared to other assets such as stocks and gold, I feel that the current generation chooses crypto currencies far more than choosing gold and stocks, it is evident that the crypto market cap has increased by almost 2x.

You were able to sell at the very top and then buy at the very bottom, you are either very lucky or embellish your successes  ::)
But one way or another, the fact remains - rollbacks are inevitable and if you guess them correctly, you can double your deposit (if you use margin trading), but there remains the risk of losing everything.

That is where the thrill of trading is. The risk of either winning or losing. This is where the true happiness of succeeding resides. I'm kind of experienced loser, so regret is no far from home.

Well, HODL'ing through 2020 has been the way to go. I have been in since 2013 and mined to HODL most of it anyway.

As an example, when I google March 2020 Bitcoin Low you can get the following. This corresponded if I remember correctly

with the 'realization' of BTC/Crypto and the Stock Market that the Covid-19 Pandemic was the 'real deal. Thus the dump, if

briefly, of Bitcoin Price on the date below.

March 13th, 2020

Bitcoin was that day: $4,916.78 USD.

February 6th, 2021 (Today) (see post for actual time)

Bitcoin is now: $38,586.41 USD

That was approximately 11 months and 6 days in the past.

Not a 'bad' return huh?

On the other hand, Bitcoin, being a 'merciless bitch' could dump 50% out of spite at any time!

But then again, if you were in HODL mode from March 13th, 2020 till now, you'd still be 'golden' :)

Can you 'imagine' the 'angst' of selling your whole hoard/HODL in a 'panic sell' on March 13th, 2020!

and looking at the reality that is today? Ack! Gasp Ack! The Horror! :(

Brad

Hahahaha. I am also not lucky in trading. One has only to say that I withdrawn most of my savings at a price below 20K, since I did not believe in breaking through ATH so quickly.
But now I have a different business, so I don't touch my current savings at all. Let them lie for a few years.

You might cash out if you want urgent needs but holders always gain more. When I say holder, I don't mean months but years. blockchain is still at the infant stage, adoption is still very low and has a promising future.

That's awesome buddy. Myself too have the same plan, but I fail in execution due to unexpected needs. Most of the small scale trading person doesn't get good out of it. Recently when the price ETH was abo $1080 one of my friend sold it. Later the price grew high to $1130, he made some prediction and bought it back at $1130. Now he has booked a higher profit. We also need to learn something to make closer price predictions to be successful in trading.

I was selling my bitcoins at the beginning of this cycle starting at 25K... And regretted it! Some of it I had to buy back at a higher price... But I'm still hoping that the price will go down to 20K and I can buy the rest! You are correct in saying that HOLD is the best strategy! ;)

Your friend was very lucky. It would be interesting to know what amount he was operating on (in the sense of how important it was for him). Because if you "play" with some amount of money that is not important to you, then you easily make trades, entries and exits and you can easily make good profits, but if you use serious money then it is psychologically difficult not only to trade, but even to stay in open position.

Cash out or HOLD. Any decision is yours, no one can stop you. If you must cash out because it's urgent and needs money, so do it. But if nothing important so HOLD is the best act. Holders will happy at the end, opposite with people who cash out so fast

Something very similar never happens every time. I know in 2017 on Christmas eve, when the bitcoin smashed and pretty much every individual quit utilizing it.
But today is different, the cost is a lot higher than $20,000, and its dependability revealing to me the diverse story, I won't sell it, rather I will hoDL.
On the off chance that the cost can cross $20k, at that point it can cross $50k as well.

50K isn't even a hard target now. A few days back, Bitcoin was trading above the $47,000 level, and it's just a matter of time before the $50,000 level is breached. The real target now is $100,000 per coin. With mainstream adoption gathering pace (as a result of recent revelation by Tesla), I expect that this is an achievable target by the end of 2021. A few trillions of USD in stimulus spending by Biden will make the journey a lot more easier.

500k is the video I last saw posted by someone quite mainstream as per their expectations of Bitcoin this year.    Might be going a bit OTT barring actual substantial changes to the world, I guess the price would move perhaps before we knew why exactly I just dont think its all one year.

https://talkimg.com/images/2023/06/12/ArnXo.png

Price right now is above 2 day average easily but I think that measure does catch up, which is yellow line here on this chart.  I think 45k is something of a pivotal price as to the speed of price gain.

Whenever this happens, it is really advisable that you are holding bitcoin since there will be a chance that there will be correction, also, if you want to achieve higher price of bitcoin, it is also good to hold btc. It really depends on you if you need the money... you can cash it out if it is a good price for you. Otherwise you should hold back if you want your holdings to be higher at what it is today.

Cashing out is good at this point of time and holding is also good beause there will be a posibility that the bitcoin will continue to rise, if you want to be sure that you can earn i think cashing out is the best option for you but if you want to take the risk and continue to hold then it is up to you, but always remember that cypto may change anytime because cypto is high on volatility.

People are confused because of that, if I cash out right now, I would have x6 profit as of right now, and probably more as well it was x6 when I last checked at 43k and just a bit more now. So that means I would be quite happy about the profit, who wouldn't want x6 profit right? Nobody could say it is a bad situation, and I can't really complain about it, but if I get out now, cash out and get fiat, and price of bitcoin becomes 100k, what am I suppose to do?

I know that I won't be getting bitcoin at 6k again, it looks impossible now, I do not think that it will ever go down that much, sure it may have some down days but it will probably never become 6k ever again. So I am just holding, it is not much money but I think selling could cause me to regret selling it, so I am just waiting for it to become more and more. But then I realize, when am I going to sell? If I never sell, what would be the point of it?

Earlier, I was very skeptical when I heard such numbers, but the fact is that such large players as Tesla can push the market in any direction (even if it is fundamentally unreasonable) and now they are bullish. I don't know if we will be able to gain a foothold at these levels, but the fact that we will reach them is very likely.

Yup, $30000 is already a low price if ever we'll go back there anytime. But the support is just getting stronger but I would still not be confident with that. Bitcoin's truly volatile and can get to the positive price to negative as quick as it can.
25% is a huge part of holding if you're planning to do that once bitcoin hits $60,000. But it's your game plan and as long as you're happy doing that, it shouldn't be questioned.

At this point, it is better if you will be saving money for a certain time and a certain reason so you will never use your investments for such expenditures. I know that it is inevitable but you could lose some of your great profits if these kinds of movement come around.

I save my profits here and use my salary so that I won't have a problem with my expenditures and some emergencies.

I also did the same, first at 25.000 (Euros though not USD), sold almost 1/3 of what I owned. Needless to say how much I regret doing that. Likewise, I also sold at 35.000 Euros hoping to fall, so I could buy more Bitcoin in return. Then Elon Musk/Tesla happened. You can easily guess that it didn't really go according to plan.

Whether price drops or pumps, is best to retain and hodl your coins. This is staying on a safer side.
Imagine you sell now and then you can't buy back because of a sudden price increase. It's tempting but hodl.
There might still be a sudden price increase this year, price may certainly increase.

Why cash out when you can cash in (by buying and hodling Bitcoin)?

Different people have different plans when it comes to Bitcoin.

There are some here who are holding Bitcoin just for the short to mid term and they will sell all of their holdings whenever their target price to sell has been reached. There are some who are like me. Holding Bitcoin for long term and when I mean long term, it is at least 5 years of holding to maximize the profits.

And also different people has also different needs to be sustain and from here we can justify if we will going to hodl Bitcoin for a quite long time because of continuous bull run or we will going to cash it out to meet our needs. Some of our members here are depending to support their need in Bitcoin especially now in times of pandemic where the unemployment gets high. I guess if one person should only have a choice they were going to choose to hodl their bitcoin.

Right now it is an opportunity to cash in for the rich ones. People always find it high risk to buy at a higher price and profit further. Now the large scale investors are the one to profit big out of bitcoin. Elon Musk started the game and it keeps continuing with more and more number of leading venture people into bitcoin.

You're right 50k has been crossed. Tesla bought 1.5B $ worth BTC which was also promoted to their customers that look " We support bitcoin " this initiative can make raise atleast 100 Billion Marketcap of bitcoin, Not to say what will happen after bitcoin has reached 1 Trillion marketcap.

I say cash out and buy the "bottom"

The year 2021 is a bullish year for the bitcoin and cryptocurrency market. I think it is a very good idea to HODL your bitcoin until the end of the year to see the outcome. Although many people are thinking bitcoin market will start crashing by May, just like what happened in 2018 where the entire cryptocurrency market started crashing in  May 2018 but that is just bullocks and nothing more. Perhaps, we might see the bitcoin price reaching $100,000 by the end of the years. I'm so BULLISH on bitcoin!   

I'm gonna continue to hold bitcoin because bitcoin is like the best cryptocurrency investment that you could easily hold for years where you could almost guarantee a profit. For some investors you could sell it on t the highest market price or in the peek of the bull run and then buy it back when the market price or the bull run is over that would also make sense because you could make sure the profit when you sell your bitcoin even though if you buy back bitcoin at a little higher market price you could still buy a little more because you have multiple your investment already. Whatever your method is as long as you do it in bitcoin it would still make some profit as long as you don't sell at a market price that is lower where you buy your bitcoin.

If people know what happens in 2017, they will make a decision to keep Hold it, because this year it's not time for sell, but this year it's time to buy. Just look at the charts especially in 2017 and you will see a lot of the same points, and also you will know when to sell Bitcoin, yeah not a specific date but as a reference

Yes, my friend, 2017 was where bitcoin increased after the halving a year earlier. we know that last year's halving, we can be sure that an increase will occur this year, namely after a year of halving has passed.

The halving period always occurs at the end of the year, so if there will be a repeat for the third time, then we can be sure that the increase in bitcoin at the end of the year will be fantastic because now the value is quite high.

the most important thing is whether we have prepared ourselves for the arrival of this very high value. have we also prepared to get what everyone is aiming for.

without a doubt, 2021 will be a better investment plan and we are in the road to the all time high record. 2020 was incredible for bitcoin and bitcoin investors. 2021 looks better and it's yet portrayed by the trading chart, market cap so many news. Ultimately, your preparation make you either winner or loser.

I don't know why people want to cash out their assets on another side that they know can give a huge return in the future. I think only newbie cash out their bitcoin right now. close your ears and don't listen to people's negative words and keep invest in cryptocurrency and HOLD

If you don't hold it and cash out now, you will regret it

You're right. It is the time for holding, not to cash out. It is clear if the crypto market is in a bullish trend and the price of bitcoin predicted to go to $100,000. Even if it is still a prediction but if we consider many factors, it makes sense if the price of Bitcoin can achieve $100,000 this year. Also, the current price of Bitcoin is still below $60K, the journey of Bitcoin price growth is still far. It is too early cashing out, better to be patient and keep holding. We only need to think positively and optimism about the performance of Bitcoin this year.

I made a terribly decision last year when I sold many of my btcs at a low price. If I had more trust on BTC, I'd have not sold my BTCs last year. Look at the chart bellow and we all see that the best time to cashout BTC is not now but by this year end or on 2025.
https://i.ibb.co/CMc0GxL/BTC-price.png

Ever heard what FOMO is ? Those who cash out right now are the ones who either are in need of fiat, or dont believe in further growth. You know, not every one thinks that Bitcoin can bring huge return in future. For example since the middle of February, Bitcoin did not show major growth, but shows only sharp price changes.

And as we are speaking about Bitcoin only, dont forget about alt season. Some prefer to exchange Bitcoin to alts, as some of them grow in price much quicker.

Just because the cycle had occurred three times in the previous occasions, we can't really assume that it will happen this time as well. The scenario has undergone a complete change. The entry of institutions in to the scene has changed the equations. Before assuming that another pump is around the corner, we need to do self-introspection. The cryptocurrency market cap has already grown to $2 trillion, which represents almost 0.5% of the global wealth. How much growth is possible from this point?

You dont have to sell any really, theres no mistake just because a price changed.   Most of this decision is based on if you have to pay a bill or use those dollars for something, dont just hold plain cash because its being burnt up every day by government over spending; no regret is necessary really.  I didnt sell all at 60k I sold some in that rough area because I always have to sell some of what I buy, thats a normal trade.  Having a separate allocation to just hold is also reasonable, generally buying over time is best rather then specific prices to hold and same with selling roughly

The price in dollars isnt the way to determine timing or any success, I think one of the easiest ways to judge markets is the amount of hype going on.   Even within just this forum section, you could say well I have to sell something to pay a bill within this year and if every single thread is when does BTC land on the moon or giant hype titles then you far more likely to be in a time of over valuation.    
  If you sell now with constant gloom and no inflated expectations then you will get a bad price for the very same BTC that hasnt really changed.  Its never definite on the exact pricing but everyone can guess the mood of the market, a forced seller is somebody who has to pay a bill so write down all expected bills and thats your schedule of sale you have to meet ; now it just remains picking when the market is too hyped up and ignoring all the negatives in the world that can always happen.  

The charts that you have posted tells the story. Even the price movements so far in 2021 has an uncanny resemblance to what happened back in 2013 and 2017. If you check what happened in 2017, then you can find that there was a lot of volatility in Q2 and Q3, due to various factors (hard fork of BCH, emergence of new ICOs.etc). The rally that occurred in 2017 took place primarily in the last three months of that year. By mid-July, Bitcoin was trading at less than $2,000 per coin. The prices shot up by more than 10 times in the next 5 months.

When we get a huge profit (more than 100%) then selling some of it is a good technique, if the price drops then we have made a profit so that it makes us calm and think rationally to look for new ideas again. but if we sell now it may be too late because the price of bitcoin drops again, buy and hold is a good suggestion.

If you think that you can make a good profit out of your current bitcoin minus your initial investment, then probably cashing out is your best option although it's not really the best time to sell your bitcoin since the prices aren't rallying up and it's not the highest point in the current market. Hodling is a good option if you're goal is a long-term one but if it's the other way, I think that it's going to be different.

I agree bitcoin is the best decision to hold for investment cash doesn't last very long but if you hold on it is possible to double the profit if the price goes up. Bitcoin is more profitable in the long run research the market to know the right time to hold.

Looking at the market conditions we have today to cash out now would be a bad decision. I mean, unless you have quite a few coins and can keep holding long-term, I wouldn't bother selling right now. But life's different for anyone and I understand there can be unexpected expenses that must be honored and selling bitcoin for that, even if it's sad, can be necessary.
I hope to never be in such situations though 8)

Yes it is not a good time to sell bitcoin, if someone affords to hold bitcoin then he will get a chance to earn maximum profit. I have no option but to hold bitcoin because if I sell then I will have to bear the loss. and i don't want to do that.

I agree on that we need to hold specially when we buy bitcoin when it is in a very high price. We need to hold because if we cannot hold we will surely loss. If we are going to hold maybe we can get back the loss profit or capital in the next few months. In short if we are investing in crypto we need to always depend on the price or the status of the coin in the market we also need to set a limit to avoid losing.

That still depends though, what if you are on long-term but a really time sensitive emergency happened to you and you have the money to pay but it's all on your wallet, you shouldn't think twice because better to have the emergency be addressed rather than wait for something that might not arrive in time.

Actually, whales know how to get your bitcoins. They scare small investors through market manipulation and buy bitcoin cheaply, so we shouldn't fall into their trap. should not sell our bitcoins at low price until we do not have any kind of compulsion/need of money.


Agree. That's why I believe that we only buy crypto with our extra money, so that we do not have to face loss in such bad times.

Yes, everyone does have their own goals set in mind on where you do really think of neither for future profits or would be just good for short ones because you do need it?

There are lots of factors that could affect someones decision in towards their investment and its none of our business on how they would really be handling it out.So  it would vary.

For me, there are really times I do really make some cash outs and there are really other amounts which are intended for long term holds but since there are instances
in life which you  would really be needing money which you would really be converting.

It's of course still many opportunities are wide open to earn profits when investing in bitcoin, some people invest in large amounts and some people invest in small amounts.
Apart from that, sometimes there are still people out there who have financial conditions that really have to cover their daily needs to sell them suddenly, although it's not worth doing.. but for the sake of interest, they can sell it even though it was a wrong decision when investing, which should be should be more resistant for the long term.

You can decide on how much of your coins you need to earmark for long term holding. But the point is that, this is not the right time to cash out. Bitcoin already had several important breakthroughs in the last 12 months. To name a few - adoption by PayPal, purchase from Tesla and the announcement by El Salvador to make Bitcoin as legal tender. The current exchange rates are not in sync with these aspects and so there is a good chance in the future that the prices may move up. But right now it is difficult to say how long that is going to take.