newgal2017
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January 30, 2018, 08:23:56 PM |
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Holding Bitcoin for a long term and waiting for its value to change that would result to more profit, is one of the strategy of most users of Bitcoin. Considering that the growth of popularity of Bitcoin is continuously developing, holding the coin would bring more benefits yet, it is still dependent upon different factors like the flow of demand and supply, season and availability. But, selling your Bitcoin to meet a need of life is never a bad thing because it is the essence of having a source of income and savings isn't it?
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josegr4ham
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Activity: 280
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January 30, 2018, 08:28:36 PM |
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I agree that is wiser to keep it. Hold it like a long term investment. For sure you will be satisfied with the result. Keep bitcoin
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braZZers123
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January 30, 2018, 09:36:55 PM |
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I believe that you can not invest all your money in bitcoin, even if you really dream about a wonderful future. There must be a health risk and do not gamble. If so, it's better to wait until yours is available, and not be greedy, and just sell bitcoins with peace of mind.
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aray80
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Activity: 420
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January 30, 2018, 10:05:08 PM |
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For me it depends on the situation, if it really is needed and no other funding source, maybe I can draw some of it to solve it for the need, and at least I still hold some and have something with waiting for profit in the future ...
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Giebaymax
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January 30, 2018, 10:13:15 PM |
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I think that we have to make the best decision if we want to hold our bitcoin if the urgent need for life does not let us sell our coins all, keep some of your coins as the future because I'm sure if the day is down For the next few days, bitcoin will go up again  |
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joan26
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January 30, 2018, 10:21:20 PM |
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It depends on what you truly needs. If your investment not need in life then you don't have to sell your bitcoins.
If you want to grow your bitcoin then you must have the patience to hold it for long time to see what profits you earn after.
We cannot rely on bitcoins future, so better just dont invest all your assets.
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wnj4
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January 30, 2018, 10:30:22 PM |
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When any one have the urgent need for life, so this person will have to sell anything to pay for this urgent need, even if this is a bitcoin.
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eaLiTy
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January 30, 2018, 10:32:12 PM |
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When such an investment is made in bitcoins, there is a chance that bitcoins may in fact prove worthy of their expectations and soar to a value that the investor initially desired. At this juncture, the investor can sell the bitcoins and choose to fulfill his desire. But most times he is tempted not to sell looking at the growth of bitcoin.
If selling the bitcoins he has invested for this purpose was the only way to fulfill his purpose, the investor of the present times seem to have been caught in confusion as to whether sell or hold.
The way i go around investment is that,the amount of money i invested initially in bitcoin was around a couple of thousand dollars and when the price started rising i sold the coins so that i got my capital investment,then if i feel that there is a correction ,i would sell off some coins and would scout for good projects to invest,some of my investments were good,but some were a bubble as i held my coins too long before cutting my losses,over all it was a good learning experience,sure there is a dilemma amongst traders on when to sell,because the more the profit the better. |
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HasHe
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January 30, 2018, 10:44:32 PM |
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Since bitcoin has potential of reaching huge prices, many investors tend to hold it without an exact time frame. But if they want to fulfill their needs with bitcoin now reaching such a high price, then they could sell only a part of their holdings and continue to hold the rest of bitcoins.
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Shamie1002
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January 30, 2018, 10:55:56 PM |
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I think saving or as an investment is far different from spending for your family.
We save and invest to have something for our families and when it comes to family needs, we should not hesitate to spend. It's not just an obligation but its an instinct to all.
I think saving is wise because volatility makes possibilities. But I won't risk my family's needs and let them starve.
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redsun114
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January 31, 2018, 10:43:01 AM |
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Withdraw a portion and meet a need of life whenever required is the best way. When life requires anything urgent, no point holding for long time, cash out and meet the need.
I agree on these one. You should withdraw if you really need it. There is no point of holding if you will sacrifice your needs in life, But withdraw only if it is necessary, such as emergency or etc. If it is only for your want, then I suggest for you to just hold. What good to have money if it cannot save us from bad unpleasant situations? In order to have a future, we need to make sure that we have a present. As painful as it sounds to sell out bitcoin when its future value is known to meet the need of time, but it is what is supposed to be done. Bitcoin can be earned again in the future. Also I advise to not spend it on needs which are not basic ones rather social in actual. |
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bodikuk
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January 31, 2018, 10:49:45 AM |
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if you need money it is good to sell bitcoin and use money.
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camito
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DAEFROM.com
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January 31, 2018, 10:57:14 AM |
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I think whether to hold bitcoin for a long time or to sell it to meet someone's need depends on their situations. If someone wants to earn more, they should hold their BTCs in long term investment, with this, they can be assured that they do have money for their future. But if someone needs money for some reason, they can sell their BTCs to the price they think is enough for them to earn more. Whether long term or short term, as long as you can earn profit and that profit satisfies you. I think any choice is wise and good.
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BitcoinPanther
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January 31, 2018, 11:03:17 AM
Last edit: January 31, 2018, 11:38:39 AM by BitcoinPanther |
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It is one question that comes to the minds of people, who are not day traders, most often in one form or the other. Looking at the soaring value of a bitcoin people make and have made a 'general' investment in bitcoins. There are again others who invest for a particular purpose like their children's education or to buy a property for instance. But whenever the right opportunity comes and when they want to sell, they are hesitant. This may be out of greed that they may miss out on even greater profits.
A long term investment is to meet the long term need of life. Throughout life there are needs. Even after the person dies, it appears there are needs hence insurance has become important. In such a scenario people do make investments for bright and secured future of themselves and their family. And this is necessary.
When such an investment is made in bitcoins, there is a chance that bitcoins may in fact prove worthy of their expectations and soar to a value that the investor initially desired. At this juncture, the investor can sell the bitcoins and choose to fulfill his desire. But most times he is tempted not to sell looking at the growth of bitcoin.
If selling the bitcoins he has invested for this purpose was the only way to fulfill his purpose, the investor of the present times seem to have been caught in confusion as to whether sell or hold.
I believe long time holding can be done by those who invested with their money and have already established their financial status and it is really wise to hold it that long if it will really increase in price in the future. It is really a good thing if we invest with our free money that we can afford to not touch it for a very long time until it meets our expected price. But as we can see, the majority of traders cannot do this thing because of certain factor like needing to cash out for the daily needs and being impatient and does not have a strong foundation of belief about the coins he is holding. I think whether to hold bitcoin for a long time or to sell it to meet someone's need depends on their situations. If someone wants to earn more, they should hold their BTCs in long term investment, with this, they can be assured that they do have money for their future. But if someone needs money for some reason, they can sell their BTCs to the price they think is enough for them to earn more. Whether long term or short term, as long as you can earn profit and that profit satisfies you. I think any choice is wise and good.
Everybody wants profit and earn but the problem is that their financial capability cannot support the long term holding of their coins thus forcing them to sell their coins at a lost or when they run out of budget. |
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imapessimist
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Activity: 266
Merit: 1
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January 31, 2018, 11:05:02 AM |
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There is no point in holding Bitcoin for a long time. Because all you do is to let others make a profit from your money. I think to buy when price is low and sell when price is high. And then do this again next time. If you don't then it will be other people getting rich from your money.
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bitbunnny
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Merit: 1068
WOLF.BET - Provably Fair Crypto Casino
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January 31, 2018, 11:09:22 AM |
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From my point of view combination of these two options is the best.
There is no point of just holding Bitcoin without using in real life and have some pratical use of it. On the other hand experience has shown that holding Bitcoin for long term is profitable but everyone has to find it's own balance how much to spend and how much to hold.
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Sum24
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Activity: 448
Merit: 10
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January 31, 2018, 07:59:19 PM |
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It is one question that comes to the minds of people, who are not day traders, most often in one form or the other. Looking at the soaring value of a bitcoin people make and have made a 'general' investment in bitcoins. There are again others who invest for a particular purpose like their children's education or to buy a property for instance. But whenever the right opportunity comes and when they want to sell, they are hesitant. This may be out of greed that they may miss out on even greater profits.
A long term investment is to meet the long term need of life. Throughout life there are needs. Even after the person dies, it appears there are needs hence insurance has become important. In such a scenario people do make investments for bright and secured future of themselves and their family. And this is necessary.
When such an investment is made in bitcoins, there is a chance that bitcoins may in fact prove worthy of their expectations and soar to a value that the investor initially desired. At this juncture, the investor can sell the bitcoins and choose to fulfill his desire. But most times he is tempted not to sell looking at the growth of bitcoin.
If selling the bitcoins he has invested for this purpose was the only way to fulfill his purpose, the investor of the present times seem to have been caught in confusion as to whether sell or hold.
I believe long time holding can be done by those who invested with their money and have already established their financial status and it is really wise to hold it that long if it will really increase in price in the future. It is really a good thing if we invest with our free money that we can afford to not touch it for a very long time until it meets our expected price. But as we can see, the majority of traders cannot do this thing because of certain factor like needing to cash out for the daily needs and being impatient and does not have a strong foundation of belief about the coins he is holding. I think whether to hold bitcoin for a long time or to sell it to meet someone's need depends on their situations. If someone wants to earn more, they should hold their BTCs in long term investment, with this, they can be assured that they do have money for their future. But if someone needs money for some reason, they can sell their BTCs to the price they think is enough for them to earn more. Whether long term or short term, as long as you can earn profit and that profit satisfies you. I think any choice is wise and good.
Everybody wants profit and earn but the problem is that their financial capability cannot support the long term holding of their coins thus forcing them to sell their coins at a lost or when they run out of budget. Well I think a wise person will never sell bitcoin no matter what the circumstance will be. Price will be high but for this you will have to wait not to sell at all growth of bitcoin is all about time as much as time pass bitcoin power will be high. It is up to us that how we deal our bitcoin so if w will deal it wise as invest small but for long time and spare some amount of money of the need of your life so you will not have to sell it at any cost. |
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Tamim121
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January 31, 2018, 08:03:42 PM |
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Now bitcoin price is low. If you sell now, you lose some money. I think this is the best time to buy some bitcoin and holding is the best thinking at this time. Because of potential currency, bitcoin price must be increasing again. So don't be panic. Be patience and hold your bitcoin for future.
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l0uisStanley
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January 31, 2018, 08:06:54 PM |
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Bitcoin should be considered a long term investment. I don't sell it when I want to buy something for me...I am gonna hold it
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Karakyli
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January 31, 2018, 08:37:05 PM |
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In any business, in any field, it is difficult to begin. Sometimes it seems that you first need to become a professional, and then try. But you will never become a professional without trying and not making mistakes without studying new techniques and strategies. Passing the boundary in 2018, people are increasingly hoping and believe that the newest technologies will improve their lives and provide them with new valuable benchmarks. But this is the future, but to live it is necessary to satisfy the needs today and now.
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