When to sell Bitcoin?

[keelba]

I am certain that Bitcoin's value will continue to rise and rise. My fear, though, is that I may never want to sell. If it gets up to $10,000, that would be great but would I want to sell? Would I be holding on for $20,000, $200,000 or even $2,000,000? At what point would I say enough is enough and start cashing in or using? I have no idea. I haven't faced this yet.

But I know there are people on these forums that are facing this dilemma right now. I'm sure there are people who have acquired tens of thousands of bitcoins either by mining or buying when they were very cheap. At the current valuation, these people are already multi-millionaires. But how are they dealing with it? Are they still hoarding waiting for the price to go up even more or are they living the good life now? Any regrets?

[1714043782]

1714043782

[BitNit]

The problem I see is people don't use bitcoin as an exchange for goods. We need to look at it as a currency not an investment.

[Kouye]

sigh...  
You don't wanna sell your coins, you wanna SPEND them.
If everyone considers BTC as an investment vehicule, do you really think it will last ?

Please, whenever you consider spending $, check for an equivalent good/service you can pay with bitcoins.
Just spend the BTC instead of the $, you'll cut the fees and help BTC grow stronger.

[Elwar]

Why would you want to buy dollars?

[davidpbrown]

Sometimes I wonder that the Government hasn't set their herp-derps to work, asking stupid base questions in a vain attempt to smear the concept. Appealing to some vague notion that 'all you neighbours' are selling their Bitcoins and because I say so therefore it won't be a success and you might as well hold fiat and trust your Government. #facepalm .. but then I recognise that we need to welcome all into the fold and some are slow to learn.

[keelba]

I think you're all missing the point. I said "start cashing in or using". It doesn't matter if you trade for $ or use them the point is, when do you start depleting the hoard you've got?

And also, why was this post moved to speculation? I'm not asking anyone to speculate on the price. I'm asking a very serious question about the deflationary nature of Bitcoin. And I think this is one of the core issues with Bitcoin. With an inflationary currency there is no need to keep money in the bank, it will be worth less tomorrow than today. But Bitcoin is the opposite. It will be worth more tomorrow. So what motivating factors would make me want to get rid of (by any means) the bitcoins I own? What are others thinking now?

[lucas.sev]

Eh all these hippies here talking about spending etc. Face it, majority of bitcoins popularity is due to fantasies of flying G6's bought with money BTC made them. And majority of talk about adoption is to rise the price to get closer to private planes.

[davidpbrown]

I said "start cashing in or using".

You said selling. Bitcoin is money which is a way of communicating wealth.. you don't sell it, you spend it.

It's worshipping money and greed for profits, that's caused the crisis in the first place. Forget how many you hold and understand what Bitcoin represents and do what you can to support that but using Bitcoin as money.


If you want something useful to spend on, send some to wikileaksparty.org.au 1LCBp3nAeauWwtL9kbD5qkfzZ8DFjFvw8N

[ThatDGuy]

Why would you want to buy dollars?

Right here.  At a certain level of understanding and belief in cryptocurrency, the phrase cashing in ceases to exist.

I know the general direction that the $ is headed in the future, relative to what it is worth today.

[Odalv]

An easy example:
- When price double sell 25%.  ( you will never run out of bitcoins, you will ever have enough profit in fiat )

[bitcoinbear]

An easy example:
- When price double sell 25%.  ( you will never run out of bitcoins, you will ever have enough profit in fiat )

And when price halves, buy 25% (or whatever the correct percentage is to rebalance your portfolio).



I buy dollars (currently just 8.3 mB each) when I need to use my money somewhere that only takes dollars (which is most places right now, unfortunately).

[MonadTran]

This is how Bitcoin discourages reckless consumption, and protects the environment.

Not the case with US dollars - you know that if you don't spend them now, you'll get toilet paper, eventually.

[Miz4r]

I think you're all missing the point. I said "start cashing in or using". It doesn't matter if you trade for $ or use them the point is, when do you start depleting the hoard you've got?

And also, why was this post moved to speculation? I'm not asking anyone to speculate on the price. I'm asking a very serious question about the deflationary nature of Bitcoin. And I think this is one of the core issues with Bitcoin. With an inflationary currency there is no need to keep money in the bank, it will be worth less tomorrow than today. But Bitcoin is the opposite. It will be worth more tomorrow. So what motivating factors would make me want to get rid of (by any means) the bitcoins I own? What are others thinking now?

When bitcoin becomes a generally accepted currency, you can use it for the things you really value or for things you actually need. You can't eat bitcoin or do anything useful with it by just keeping them stored in your wallet, so unless you want to spend your life just looking at your bitcoins and watch them grow in value you will want to actually spend them for something useful. I have always found it morally wrong and perverted that governments/banks pressure us into spending our money by making it slowly lose its value. Screw the cancerous perpetual economic growth dogma driven by debt and interest, we're all brainwashed into thinking that's the only right way to go forward. It's sick and retarded.

[edd]

I think you're all missing the point. I said "start cashing in or using". It doesn't matter if you trade for $ or use them the point is, when do you start depleting the hoard you've got?

And also, why was this post moved to speculation? I'm not asking anyone to speculate on the price. I'm asking a very serious question about the deflationary nature of Bitcoin. And I think this is one of the core issues with Bitcoin. With an inflationary currency there is no need to keep money in the bank, it will be worth less tomorrow than today. But Bitcoin is the opposite. It will be worth more tomorrow. So what motivating factors would make me want to get rid of (by any means) the bitcoins I own? What are others thinking now?

Your topic was moved to speculation because your questions are referencing the exchange between USD and BTC in the future; the value of one versus the other at the time is an integral part of the conversation.

Regarding your original question: those who have bitcoins will exchange them when they want/need something else more than they want/need bitcoins. This will vary wildly from person to person.

[Birdy]

Spend it whenever you want to spend, just rebuy the coins you have used.
Unless you have regular income in Bitcoins that is the way to go o,o

Selling them? well maybe cash out your initial investment once the price is high enough, so you will never have to fear to lose something.

[JimCGSavings]

.. but then I recognise that we need to welcome all into the fold and some are slow to learn.

Thank you. I wouldn't be here otherwise. (grin)

[minimalB]

Whenever price doubles, spend half. That way you'll never run out of coins : )

[JimCGSavings]

...Face it, majority of bitcoins popularity is due to fantasies of flying G6's bought with money BTC made them. And majority of talk about adoption is to rise the price to get closer to private planes.

Yeah. They be acting like they drunk. http://youtu.be/GvgJEznqtms

[gogxmagog]

Spend it whenever you want to spend, just rebuy the coins you have used.
Unless you have regular income in Bitcoins that is the way to go o,o

Selling them? well maybe cash out your initial investment once the price is high enough, so you will never have to fear to lose something.

+1000 this

[afbitcoins]

Its a bit like deciding when to buy a new computer.

If you wait another year you'll get a better technology for a lower price, so if waiting for the best computer to come on the market was the only factor you might never buy one because you'll always be waiting for a better one to come into your price range.

But the other factor is your desire not to wait because you need one now, so even though you could wait
for a better one you decide to buy one now.

 With bitcoins they may gain in value if you leave them (not guaranteed even though it is deflationary) but you might decide now is the time I need to buy a lawnmower or whatever

[Jaroslaw]

its now or never

[Shrinath]

In my opinion, there is no good time to sell bitcoins or any other alt-coins.
Anyone investing in bitcoins needs to have a basic knowledge of “Buy the dips, then sell high”. As long as you are buying or generating bitcoins you need to constantly study the Crypto currency Market Capitalization charts. Once the graph shows a high, price reaching maximum and stays stable for a few days, you have the liberty to sell it. It also depends on your current necessity and need. If its extremely urgent for you, then anytime is the best time. However, if you are following the general rule of making profit out of it, sell only when the prices are above your capital or amount you have invested in bitcoins.

[HiringYou]

The best time to sell your Bitcoin's is when you find the right price.Here the right price reffered to as the price at which you will earn tremendous profits if you sell your BTC's.You can also sell your BTC's when you are in the need of money.I will suggest you to keep holding your BTC's as long as you can because it has a very bright and positive future so it will reach new heights in coming future .So if you want to earn huge profits then you should  not sell your BTC's until you are in the actual need of them.

[nokati]

This us what I do, I buy 20% of my income every month in btc no matter the price, then I spend 10% of it every time I need something and pay using btc directly and save the remaining 10%. This way I support the btc to spend it when and where ever I can and also hodl 10% as long term investment.

[XCANA]

It all depends on your set target of profit that you want to earn from your investment so it doesn't matter whether it at $20,000 or $200,000.

[Butmayselche]

The best time to sell your Bitcoin's is when you find the right price.Here the right price reffered to as the price at which you will earn tremendous profits if you sell your BTC's.You can also sell your BTC's when you are in the need of money.I will suggest you to keep holding your BTC's as long as you can because it has a very bright and positive future so it will reach new heights in coming future .So if you want to earn huge profits then you should  not sell your BTC's until you are in the actual need of them.

this is very old topic why you bump it.
if you have hold bitcoins from 2013 it is best time to sell half of them and hold more alt

[Stimah23]

The problem I see is people don't use bitcoin as an exchange for goods. We need to look at it as a currency not an investment. Though, you can sell it anytime.

[hahay]

Yes I am one of those people who are dilemmas with this situation, I still hoard bitcoin and will not sell it all with one sale. I see now that bitcoin prices are rising again. I guess I have to be patient if I want to sell it again, because there is speculation that bitcoin prices will still increase again in 2018. So I guess it would not hurt to sell at a high price and stay patient waiting for a beautiful moment.

[posoa]

In my opinion, there is no good time to sell bitcoins or any other alt-coins.
Anyone investing in bitcoins needs to have a basic knowledge of “Buy the dips, then sell high”. As long as you are buying or generating bitcoins you need to constantly study the Crypto currency Market Capitalization charts. Once the graph shows a high, price reaching maximum and stays stable for a few days, you have the liberty to sell it. It also depends on your current necessity and need. If its extremely urgent for you, then anytime is the best time. However, if you are following the general rule of making profit out of it, sell only when the prices are above your capital or amount you have invested in bitcoins.

I totally agree with you that when to sell bitcoin actually is when the price have reach a price that is high and then you can sell and make a fortune out of it and can as well reinvest in altcoin or other crtptocurrencies which can also go a long way to make profit  as well.Taking advantage of stable high price can be of benefit after having consider the gain after having hold for all this while, this will be the best time to sell Bitcoin.

[BUK2016]

Op, the summary of your post that you used as the subject said it all and that was the reason why the well respected moderator has to move it to speculation section.
When you talk of when to sell it now depend on the target of take profit which you set for yourself. At the moment am more bitcoin and some good altcoins with the hope that there will be good return in the nearest future.

[Salesman4coinZ]

I wouldnt sell my bitcoins right now. I think the value of bitcoin will rise a lot in the next year. Today you cant see what will happen in the future. So you have to watch all day the pirce chart of bitcoin, and when its starts to dump more then ussually then you maybe should sell!

[batang_bitcoin]

I regret that I didn't sold when it's around $19,000 and lately I have to sell some during it's price at $13,000 and now that it's price is on $15,000 again. There's no turning back and I have decided to sell as there's some activities that I need to fill some cash on it. I have belief that when it comes to profit, it is profit no matter how much the price of bitcoin is although it's painful and quite regretting to sell on lower price.

[nokati]

I sold 75 btc last year for some home improvement when it was at 550 usd, and was planning to by again in couple of months when I got my money back from some other place again as it was locked for 6 months. That was a huge mistake as I know it will rise but didn't know that it was going to rise this fast.

[zulkarnaen]

I may be more careful when making bitcoin sales transactions, and if it isn't urgent then it would be better to always hold it and make it an investment, as bitcoin progress will continue to grow and grow along with the growth of users and investors in bitcoin.and of course by holding bitcoin have a chance to be able to earn profits according to expectations.

[Drixy]

I am certain that Bitcoin's value will continue to rise and rise. My fear, though, is that I may never want to sell. If it gets up to $10,000, that would be great but would I want to sell? Would I be holding on for $20,000, $200,000 or even $2,000,000? At what point would I say enough is enough and start cashing in or using? I have no idea. I haven't faced this yet.

But I know there are people on these forums that are facing this dilemma right now. I'm sure there are people who have acquired tens of thousands of bitcoins either by mining or buying when they were very cheap. At the current valuation, these people are already multi-millionaires. But how are they dealing with it? Are they still hoarding waiting for the price to go up even more or are they living the good life now? Any regrets?

If you have certain goals and imagine yourself with that kind of money and you think your satisfied to that you should discipline yourself that if you hit that profit you will sell it and no regrets to be allowed.

[Mrjitter]

Everyone has his own price for everything and for selling bitcoin, whoever feels that he has to sell now because the price will fall on him and who is just panicking seeing a decline so there is no definite price framework for selling it

[stayeduptolate]

sigh...  
You don't wanna sell your coins, you wanna SPEND them.
If everyone considers BTC as an investment vehicule, do you really think it will last ?

Please, whenever you consider spending $, check for an equivalent good/service you can pay with bitcoins.
Just spend the BTC instead of the $, you'll cut the fees and help BTC grow stronger.

there are so many different different reason why people sell their bitcoin .I also have so many reason to sell the bitcoin. The first reason is when the price of bitcoin reaches maximum I sell my bitcoin because to gain the more profit from the bitcoin and earn more money. The second is when I need a urgent money I sell my bitcoin to complete my problem. The third is when the price of bitcoin will fall I also sell my bitcoin .

[Blockfolioz]

Selling of bitcoin is purely on users self requirement. There are users who make a target to be reached and used to sell when the price reaches particular value. Some used to sell out of panic while the price falls down continuously. So, there is no fixed selling point with bitcoin.

[btsjimin]

In my own opinion selling Bitcoin depends on the person. You may sell it when it reaches your target price to avoid loss by selling it at lower price because it is extremely difficult to earn bitcoin in the present day.

[Artlee87]

I think as technology grows there will be a shift in the way we use and perceive money/currency in general. "They" (all of mankind) used to exchange goods with things like salt and precious metals. Now for the most part they use fiat, which requires physical transmission, storage, printing, and centralized entities such as the federal reserve to remain in circulation. Eventually, it makes sense that cryptocurrency is the most logical step in this natural progression. It's still very early, BTC is not even 9% as old as the Federal Reserve, and the dollar is still very strong. In addition to this, POS systems and payroll/tax situations are years behind. Bitcoin will most likely end up being a primary currency, but until then it should remain a strong alternative investment, due to the simple fact that there are trillions of dollars worth of wealth in the fiat system that will eventually move elsewhere.

[poundy29]

It depends on individual thought, some do panic sell and some prefer to sell at peak, but as at now it's better to wait for at least $15000.

[monalia]

Bitcoin is always secured and profitable investment so if any emergency need we should sell the Bitcoin otherwise we should hold for long term because it is one kind of precious currency this will never failed in future so we must invest in more Bitcoin this will make huge profit in future.

[solidrock]

I am of the buy and hold an opinion at the moment. Will see if I sell off some more bitcoins in the future. Watch the market! If you want to speculate I can recommend this thread on this forum: https://bitcointalk.org/index.php?action=post;topic=288450.0;num_replies=185

[nebiki]

It depends on individual thought, some do panic sell and some prefer to sell at peak, but as at now it's better to wait for at least $15000.

that's really what you say better to wait for higher bitcoin value and it's new to sell your bitcoin so you can get a big profit. and never quit with the decline that occurs in bitcoin prices if my advice hell

[followmenot]

It is best to sell your bitcoins when prices getting pumped like no reason. It actually happened later last year, everyone was buying bitcoin because it kept increasing. It meant danger for me from start..

[pujarihema]

The price of bitcoin is volatile, so selling bitcoin can be an important part of consolidating your investment. You could potentially buy low and sell high to enjoy higher returns compared with just holding it.

[dreico]

although the price has risen a bit and has risen, but still it is not worthwhile to sell it until the price more or less is not settled

[vagsun]

I am certain that Bitcoin's value will continue to rise and rise. My fear, though, is that I may never want to sell. If it gets up to $10,000, that would be great but would I want to sell? Would I be holding on for $20,000, $200,000 or even $2,000,000? At what point would I say enough is enough and start cashing in or using? I have no idea. I haven't faced this yet.

But I know there are people on these forums that are facing this dilemma right now. I'm sure there are people who have acquired tens of thousands of bitcoins either by mining or buying when they were very cheap. At the current valuation, these people are already multi-millionaires. But how are they dealing with it? Are they still hoarding waiting for the price to go up even more or are they living the good life now? Any regrets?

Bitcoin keeps on fluctuating on a higher scale, so you can't conclude the exact amount of bitcoin. Sometimes its too high while sometimes its too less. Nobody can answer this question that when to sell bitcoin, just we can say is that when you are in need of money, you can sell it. Nobody knows the highest limit to which btc can reach, so to ask this question that when to sell btc is not appropriate. It all depends on your luck.

[bitcoin31]

People selling their bitcoin is the price are very high but some of them are still holding bitcoin even the price is very  high, they believe in bitcoin become hundred thousand dollars even million but it's not sure if it's happened or not . But the best you gotta do right now is to hold or keep period because if you sell your bitcoin now you lose money and you not earn profit.

[supermine]

The nature of human is never get satisfied at any point if we are looking for $20000 then it will aim for more like $50K when it reaches then the expectation will keep on increasing so it is hard to decide when to sell our coins but we only can decide that when to sell since it is our coins we only can think more about ourselves than anyone.

[Todoroki]

The nature of human is never get satisfied at any point if we are looking for $20000 then it will aim for more like $50K when it reaches then the expectation will keep on increasing so it is hard to decide when to sell our coins but we only can decide that when to sell since it is our coins we only can think more about ourselves than anyone.

You can also sell your BTC's when you are in the need of money.I will suggest you to keep holding your BTC's as long as you can because it has a very bright and positive future so it will reach new heights in coming future.

[chulos]

Everyone has to set their limits when they sell, it's very tempting not to sell when the bitcoin rate rises and wait for a higher bitcoin rate. If everyone waited for horrible sums, the market would not move and it would not be good. I would personally wait to overcome ATH bitcoin and sell it up to $ 30000. Be sure to create bitcoin supplies now when the price is relatively low, because it is only a matter of time when the bitcoin grows.