Learn from others mistakes. Hodl

[Raimonn]

I loosed before, selling on high prices and trying to rebuy on next lows, low prices didn't come, and i had to buy on higher prices. Now we are on all the times high, i think that holding is the best option i don't want to make the mistake again.

[1715644732]

1715644732

[1715644732]

1715644732

[1715644732]

1715644732

[1715644732]

1715644732

[jbreher]

What if Bitcoin reaches $10k and you have a lot of coins (20+) wouldn't that be a good moment to live your life,...

Whatevs. What is a couple hunnert thousand (a couple years first-world salary) against potentially life-changing money? I'm riding this charger as far as it will take me. Better live either as a king or a pauper rather than to merely retire a few years earlier.

[coolcoinz]

What if Bitcoin reaches $10k and you have a lot of coins (20+) wouldn't that be a good moment to live your life,...

Whatevs. What is a couple hunnert thousand (a couple years first-world salary) against potentially life-changing money? I'm riding this charger as far as it will take me. Better live either as a king or a pauper rather than to merely retire a few years earlier.

It depends on your location and economy. While 200k USD might not sound impressive in the USA, at least not if you're thinking about the rest of your life, in some countries it would be a fortune.
For instance in Eastern Europe this could buy you 3 luxurious apartments that you could rent out later.

To give you a better example I'm living in central Europe, in a house, and my rent + utility bills don't go much above 2000 USD a year. If we multiply it by 2 to include the cost of maintenance, broke down appliances and stuff, this would cover my cost of living for the next 50 years! IMO it would be a great moment to retire.

[Torque]

Two 20-somethings create a phone app in their basement that allows young people to send stupid, inane or lewd pictures or video to each other, that then self-destruct in 30 seconds so their parents can't see it.

And now the U.S. market suddenly thinks that this 'great innovation' given to the world is worth $20B overnight?

Yeah. That happened.

So the point is, don't HODL SnapChat (or Twitter). 

HODL Bitcoin instead. 

[york780]

i think i am going to sell right now. Because of the ETF deadline.

[jtipt]

In 1976 Ronald Wayne sold his 10% share in Apple computers for $800.  If he had held his stake today it would be worth $60,000,000,000 (60 billion).  This why i will never sell my Bitcoin for fiat, i'll keep it till i dont have to.  

https://www.youtube.com/watch?v=bvWh8sh_wPY

HODL all the way. This is probably the best strategy, we can even see that in just one year bitcoin doubled in price so just think where it would be in more 5-10 years.

i think i am going to sell right now. Because of the ETF deadline.

Don't do that just yet, if ETF is approved bitcoin will most likely skyrocket but obviously if ts disapproved then BTC might take a dump even below $1000

[el kaka22]

i think i am going to sell right now. Because of the ETF deadline.

Probably if ETF is not getting approved means we can expect some fall back but definitely not too heavily, maybe around $950 levels also possible  but very sooner we can expect prices to bounce back to this current levels up to $1300 and may continue it progress of up surge. Hence I am not finding ETF as a deadline for holding bitcoins.

ETF may be just force for current rally, but surely $1300 levels were speculated when bitcoin prices beating gold prices. Just hold you will get $1500 and then $2000 levels within 2017 itself regardless of what ever out come we are going to get for ETF.

[york780]

I know but i want more coins . I sell at 1250+/- buy back at 1080+/-

[Denker]

In 1976 Ronald Wayne sold his 10% share in Apple computers for $800.  If he had held his stake today it would be worth $60,000,000,000 (60 billion).  This why i will never sell my Bitcoin for fiat, i'll keep it till i dont have to.  

https://www.youtube.com/watch?v=bvWh8sh_wPY

But that guy is 82 years old now. How long do you think we would last before we start selling our coins as well?   I don't want to wait till I am a grandpa before I can enjoy my life to the fullest. What is the point of that?

P.S. I am going to throw a paper wallet in a bank vault and wait till the year of 2030 to open it again  

Why you want to sell?
You will trade fractions of your coins for whatever you want!
Who the hell wants to exchange his precious bitcoins for some shitty paper notes the central banks can play with whenever they like?!
People will lick your butt in the future to get at least one single coin if all plays out as we hope, meaning Bitcoin will be the ultimate open source permissionless Blockchain the whole world will connect to!!!
Be brave and think big buddy!!

[jhenfelipe]

I do think every one has their own reason why they sell. We don't know their stories and maybe they needed fiat more at the moment they sold theirs. It's still a choice though. If the price go up, for sure there will be regrets (even a little) but we can always look at the brighter side. I hope we all be satisfied with our decisions (whether to sell or buy).

[nizamcc]

Bitcoin should be sold because if not, there will be disruption in terms of its circulation due to no one moving their bitcoins ahead. They are sold because we need real money too to curb with our real life expenses. It's good to hodl currently as the prices are moving crazy, but remember that if US shatters the hopes of Bitcoin being accepted as an ETF, be ready to see the longest red candle of all time.

[aso118]

We cannot tell that to those who earn bitcoin like in signature campaigns here to pay their bills. I hope everyone hold as well because of the rise in price but its not true to others.

If somebody paid his last month's bills with bitcoin earnings, he is going to have a surplus this month.
You can at least hold the surplus for eternity. 

[AmDD]

Ive been around these forums awhile and at one point I added up all the BTC I ever owned - It was over 200 BTC. If I would have held Id have $240,000 today. I sold some when it went from $5 to $30 then sold more from $30 to $100, and from $100 to $200. At that point I wised up and decided to start holding. I havnt sold any since and have only bought more. Unfortunately I only have a fraction of what I owned then.

Bill Gates tried to trade all his microsoft stock for stock in Lotus, before microsoft became the giant it is today.

Peter Norton the founder of Norton anti virus used to believe malware and computer viruses were myths.

Some people succeed simply for being in the right place in the right time, it has little to do with brains.

 

Very good point.

[Golftech]

I do think every one has their own reason why they sell. We don't know their stories and maybe they needed fiat more at the moment they sold theirs. It's still a choice though. If the price go up, for sure there will be regrets (even a little) but we can always look at the brighter side. I hope we all be satisfied with our decisions (whether to sell or buy).

i think whatever decision we made its always have what if in returned as we really don't know what will happen next or in the future ahead
bitcoin is really rising and if there's possibility to keep holding better to that now don't let this opportunity to pass.

[infofront]

I was a fairly early BTC miner. I had mined 130 or so BTC, and sold everything at ~$33/BTC.
Take it from me: hodl.

[harizen]

Bitcoin should be sold because if not, there will be disruption in terms of its circulation due to no one moving their bitcoins ahead. They are sold because we need real money too to curb with our real life expenses. It's good to hodl currently as the prices are moving crazy, but remember that if US shatters the hopes of Bitcoin being accepted as an ETF, be ready to see the longest red candle of all time.

No worries as bitcoin will never experienced a pure holding because bitcoin users have different views about on how they will use their bitcoin. Remember that not all bitcoin users are here to hold it forever, that is ridiculous. Some are using it as part of their source of income to be used in some of the general needs in life, some used it to play for gambling, some uses it for money transfers for other country so that it will not go through a long process of usual transactions and many more reasons.

So if a person doesn't have a reason to sold their coins then better just to hold it and let those person who uses it regularly to do some selling action.

[york780]

You cant compare 2013 to 2017. Different time, different market, different amount of users, price, trend, economic situation etc

[log2exp]

Two 20-somethings create a phone app in their basement that allows young people to send stupid, inane or lewd pictures or video to each other, that then self-destruct in 30 seconds so their parents can't see it.

And now the U.S. market suddenly thinks that this 'great innovation' given to the world is worth $20B overnight?

Yeah. That happened.

So the point is, don't HODL SnapChat (or Twitter). 

HODL Bitcoin instead. 

You nailed it, SNAP is much worse than WhatsApp, yet the market reacted with $20B valuation, WTF!? All I can say is human stupidity is infinite.

[nizamcc]

Bitcoin should be sold because if not, there will be disruption in terms of its circulation due to no one moving their bitcoins ahead. They are sold because we need real money too to curb with our real life expenses. It's good to hodl currently as the prices are moving crazy, but remember that if US shatters the hopes of Bitcoin being accepted as an ETF, be ready to see the longest red candle of all time.

No worries as bitcoin will never experienced a pure holding because bitcoin users have different views about on how they will use their bitcoin. Remember that not all bitcoin users are here to hold it forever, that is ridiculous. Some are using it as part of their source of income to be used in some of the general needs in life, some used it to play for gambling, some uses it for money transfers for other country so that it will not go through a long process of usual transactions and many more reasons.

So if a person doesn't have a reason to sold their coins then better just to hold it and let those person who uses it regularly to do some selling action.

I am not denying your argument here as both sides are important factors here, because both are needed to run the markets in a balanced way.
But, all I am saying is, hodling is good until the time we know that the effects are going to take place, because if you are out of the markets just before the time that decision comes out, then you are out of the possible spikes and drops which will be seen due to highest volatility on that day.

[Rahar02]

In 1976 Ronald Wayne sold his 10% share in Apple computers for $800.  If he had held his stake today it would be worth $60,000,000,000 (60 billion).  This why i will never sell my Bitcoin for fiat, i'll keep it till i dont have to. 

https://www.youtube.com/watch?v=bvWh8sh_wPY

Good information about it, people tend to behave as react to the current situation. Maybe in the past, some people didn't believe in their investment and decide to sold it. Same as nowadays, when bitcoin reach highest price, people tend to sell it for cash as they worry if bitcoin in the future cannot give them benefits. Moreover, many people has intended to sell their bitcoin if reach certain point as long as they could extract more money. Well, I'm on your side, doesn't matter about the current price as I believe in bitcoin in the future will be great, maybe reach $10,000.