Bitcoin holder's dilemma

[mobnepal]

I will never sell my bitcoin if I will be getting paid from other sources to cover my living expenses, bitcoin can go over $100k within 2-3 years so holding bitcoin for next few years will be wise decision. Don't sell your bitcoin at cheap prices like right now, you will find it hard to collect same amount of bitcoin in future when it will be priced high.

[1714953536]

1714953536

[paolo099]

Hey guys, I've decided to ask you - what whould you do in this problemmatic situation?

Suppose you have some bitcoins (let's say 22) and you bought them / got them a few years ago very cheap, and now you see it's price and.... what to do?!! Will you take the profit and go away, or sit and hold further? Suppose you're not going to buy more. But when to sell?

if you need money i would say to sell some (depend on the needs but i wouldn't sell more than 2 right now), otherwise don't be greedy but greed by holding your treasure.
Set yourself a price limit for each couple of BTC, so if the price drop to your first treshold, sell if is not reached, keep it and wait.
Personally i would sell that amount of BTC only in case of huge emergency in real life.

[coolcoinz]

Hey guys, I've decided to ask you - what whould you do in this problemmatic situation?

Suppose you have some bitcoins (let's say 22) and you bought them / got them a few years ago very cheap, and now you see it's price and.... what to do?!! Will you take the profit and go away, or sit and hold further? Suppose you're not going to buy more. But when to sell?

You have to ask yourself what it is that you want to achieve. If you need money now to start your own business, go to school, move to another town or country you need rethink it all. Would it be better to take a loan or ask your family for money and keep Bitcoins because they can be going up in the coming years or sell it all.
I'm holding because I'm not in need of money right now. Sure I could buy myself a nice car with my coins but I don't really need it. I'd rather see my investment grow.

[NJB18]

I will continue to hold of course as I can still see too much room for bitcoin growth. I will only withdraw amounts for my expenses and maybe if there are things that are worth buying or business ventures that worth the return.

[Slow death]

Hey guys, I've decided to ask you - what whould you do in this problemmatic situation?

You have profit and say: problematic situation? You must be satisfied.

what to do?!!

Do what you think you should do, if you need money, then sell a bit of bitcoins and use the money

Will you take the profit and go away, or sit and hold further? Suppose you're not going to buy more.

you sell 25% of your bitcoins and another part to hold

But when to sell?

you sell when you already have a profit, it depends on your objective, for example if you intend to always have a profit of 10%, then when you have a profit of 10% you sell

[Ultimist]

I would wait up to 50,000 dollars for bitcoin and cashed would be in the $ 5-10 bitcoins in order to buy a house. The rest would be left for further growth, and while I have traveled and lived to his pleasure.

[onrise]

I would wait up to 50,000 dollars for bitcoin and cashed would be in the $ 5-10 bitcoins in order to buy a house. The rest would be left for further growth, and while I have traveled and lived to his pleasure.

You have a huge hope of btc reaching 50k . Well the expectation of people are too high and will it be able to make it just need to wait and check out. Target for 2018 for me would be around 15k - 20k by the year end of 2018 which will begin soon and so will many developing countries will come into picture with their decisions. So will need to check how it effects the prices for btc.

[joebrook]

I will never sell my bitcoin if I will be getting paid from other sources to cover my living expenses, bitcoin can go over $100k within 2-3 years so holding bitcoin for next few years will be wise decision. Don't sell your bitcoin at cheap prices like right now, you will find it hard to collect same amount of bitcoin in future when it will be priced high.

There are people who are holding for holding sake and they have no clear objectives at the moment, If you believe that you can hold for a very long time without spending then you are in for larger profit  than most people.

[Strongkored]

I will sell 30-50% of my Bitcoin and enjoy the profit I get from choosing to invest in Bitcoin in the past, and if the price of Bitcoin back down may be back buy it, but the important thing I can open a business from my Bitcoin profit.

[Pettuh4]

I will sell 30-50% of my Bitcoin and enjoy the profit I get from choosing to invest in Bitcoin in the past, and if the price of Bitcoin back down may be back buy it, but the important thing I can open a business from my Bitcoin profit.

Why not rather sell to offset the amount for which you bought all your bitcoins so that you can at least know that your Bitcoin left is for free and that all your initial investments has been realized. That's for me the smartest way of investment.

[SummertimeHeat]

Hey guys, I've decided to ask you - what whould you do in this problemmatic situation?

Suppose you have some bitcoins (let's say 22) and you bought them / got them a few years ago very cheap, and now you see it's price and.... what to do?!! Will you take the profit and go away, or sit and hold further? Suppose you're not going to buy more. But when to sell?

hodl for the longest time possible. Only sell if you really need the money, the younger you are the higher your risk should be.

[hndrk10]

Hey guys, I've decided to ask you - what whould you do in this problemmatic situation?

Suppose you have some bitcoins (let's say 22) and you bought them / got them a few years ago very cheap, and now you see it's price and.... what to do?!! Will you take the profit and go away, or sit and hold further? Suppose you're not going to buy more. But when to sell?

I would say hodl, hodl for as long as you can! The price will/might be $100.000 or 1.000.000, so don't blow your opportunity! Just don't!

[salihno71]

Hey guys, I've decided to ask you - what whould you do in this problemmatic situation?

Suppose you have some bitcoins (let's say 22) and you bought them / got them a few years ago very cheap, and now you see it's price and.... what to do?!! Will you take the profit and go away, or sit and hold further? Suppose you're not going to buy more. But when to sell?

In order to answer this, first you have to ask yourself one question - do you have some final goal with your bitcoins? Something like life goal which can be achieved with money? If yes then this should be your guiding idea. If not - split and change what you need and keep the rest for the future.

[eaLiTy]

Hey guys, I've decided to ask you - what whould you do in this problemmatic situation?

Suppose you have some bitcoins (let's say 22) and you bought them / got them a few years ago very cheap, and now you see it's price and.... what to do?!! Will you take the profit and go away, or sit and hold further? Suppose you're not going to buy more. But when to sell?

It is not a problematic situation,it is a happy situation,you just need to understand how much profit you are looking for at the end of the day and make sure you will be holding a couple of coins for the long term ,the rest you could book your profits and if you are lucky you will be able to purchase when there is a market correction.

[ezbreezy08]

it depends on the people on how will they use it. if they will hold it for long term then he/she will get more profit.

[Saifher]

Sell 2 or 3 and get yourself a nice gift, or some nice vacations. After that, set some price goals to sell a couple more each time they hit, like 2 btc at 15k, 2 btc at 20k and so forth.

Or just keep holding until you can sell them all for something big, like buying a house or a car.

[MakeMoneyBtc]

 

It is not a problematic situation,it is a happy situation,you just need to understand how much profit you are looking for at the end of the day and make sure you will be holding a couple of coins for the long term ,the rest you could book your profits and if you are lucky you will be able to purchase when there is a market correction.

I see why he is calling this a problematical situation. It is like you would win a jackpot at lottery. The statistics show that 99% of those who win on lottery become poorer than they was before and that's why he is so "scared". It is good that he noticed that and asked for advices.

I think it depends on everyones actual financial situation. If you are doing great with your daily/monthly income then of course you would keep all the bitcoin until the price will grow even more but if you have bills and you are spending more than you earn then it's logically that you should sell most part of the bitcoin and get things arranged in your life.
I would personally sell half of bitcoin to pay all the debts then I would go to a vacation to take a break.

[markint]

Hey guys, I've decided to ask you - what whould you do in this problemmatic situation?

Suppose you have some bitcoins (let's say 22) and you bought them / got them a few years ago very cheap, and now you see it's price and.... what to do?!! Will you take the profit and go away, or sit and hold further? Suppose you're not going to buy more. But when to sell?

If you actually have those 22 bitcoins now, you have before you a great opportunity that presents you the life to take things slowly and avoid making a hasty decision, because right now the capital that represents that amount of bitcoins will be enough in most from the countries of the world to ensure a peaceful life, without financial problems.

However, I think you also have a great chance to invest your bitcoins in a suitable way to multiply your wealth significantly, so that if I were in your situation, I would cash out 20%, invest 30% and hold 50%

[Valentina Ambassador]

For example I have no any btc even satoshi because now for me it's unreal buy it for this price from this my position. If I was on your place will hold because to buy it now I cant. Your morning should start with btc charts you must keep eye every hour on btc price

[ajmapalo22]

If I was able to buy bitcoin long time ago and hold this up to this moment surely I am having a big earnings and what will I do is take 50% of it and use to established my own business and then the other half will remain in my wallet as a sort of investment for the future because surely the value of bitcoin will increase and will give a much higher returns I just need to divert my income so I can maximize it