Rant: If you have sell target, YOU'RE COMPLETELY MISSING THE POINT.

[arbiter5]

After just about 3 years of patiently waiting, it's finally all time high season again. And as with every all time high season, there will be plenty talks of price targets with people planning on finally selling at $20k, $25k, $30k, $50k, or whatever.

Guess what. If you only hold bitcoin to reach a specific sell target, then YOU'RE COMPLETELY MISSING THE POINT.

The reason why cypherpunks, economists, and investors hold bitcoin is because bitcoin is the only asset that can give you true ownership of your money or wealth. And along with that, let's not forget that the federal reserve is printing the shit out of the US dollar. And knowing both of these facts alone, some of you already have exit plans, by planning on dumping your precious bitcoin at whatever price for filthy fiat money? smfh.

/end rant

[Ucy]

People should also remember not to invest what they can't afford to risk/lose. That should atleast help them not to panic sell or be too attached to the price of bitcoin.
They can sell some part of their bitcoins anytime they what to... No pressure. Just relax and see what you can do to help keep Bitcoin decentralized and safe.

[pixie85]

Targets are the reason for dumps at round numbers like 20 thousand or 10 thousand. People make it easy for themselves to remember and try to sell at these points.

I can understand them because some who plan to hold for more than a year need that push to make themselves take profit and buy something. Otherwise they'd be holding forever as it rises and never spend profits. If you're one of those people who never feel like the price is high enough maybe you need to set a target and stick with it or in you'll have a million dollars in Bitcoin and still live with your parents and drive a 20 year old car to work.

[Tushar Ramani]

Everyone is neither holders nor rich enough to hold bitcoin for the entire life or a significant number of years. People like me are here to make profits/money out of it and reach predetermined goals. If I just hold "precious" bitcoin till it gets started using in our daily routine, I may not be able to spend it in this life span. Besides, I don't give a dime to the federal reserve is printing the shit out of the US dollar as long as I am building my very first own house from a BTC sell target (that I am gonna buy it at lower for sure).

Now tell me about the missing point!

[dioanna]

Everybody wants to do the same as what you describe but people have different sentiments over these and being a trader its something you just can't overlook. If people are willing to sell and get the profit they've been waiting than regret not selling and watch it goes back to where they started is much painful. Profit is Profit. You have to see the market as what the majority is thinking not just yours.

[hatshepsut93]

I think it's you who are missing the point - complete ownership of money means people are free to do with them whatever they want, including selling it for fiat. Satoshi never said "don't you dare to use Bitcoin as a speculative investment vehicle", and even if he did, that wouldn't have mattered, because to the network it's irrelevant why are you sending transactions, and Bitcoin wouldn't be Bitcoin if it was different.

And from a more practical point of view, it's great if you can sell on top and buy back later, instead of missing out on some 1000% profits. When people discuss exiting Bitcoin, it doesn't mean that they will never own it again, it just means that they expect a crash.

[SektorPiii]

In General, I absolutely agree with you, but for many traders and investors, buying and selling bitcoin is the main way to earn money. Ideally, you need to store bitcoin, but if we do not sell it and buy it, the market will simply die.

[Prince Malik]

Everybody wants to do the same as what you describe but people have different sentiments over these and being a trader its something you just can't overlook. If people are willing to sell and get the profit they've been waiting than regret not selling and watch it goes back to where they started is much painful. Profit is Profit. You have to see the market as what the majority is thinking not just yours.

I agree with you
We dont have the right to judge traders desisions because everyone have his own trading strategy...even the one who sell with loses can maybe have reason in the end

[LTU_btc]

Well, that's your point of view, but it doesn't means that you're completely right. You may say that they are missing the point, but you should realize not everyone bought Bitcoin for same reasons as you. It's nothing surprising and wrong that people bought Bitcoin to make profit. And it's normal thing that they have sell target because Bitcoin is just another form of investment.
I understand your point about being independent from fiat and etc. But what's point to hold Bitcoin if you're doing with it anything, you don't spend it or don't trade your crypto.

[tabas]

You have a point. But you just can't stop anyone to sell at any price point that they've set. It doesn't mean that they're not giving importance to bitcoin but all of the events that are happening like the US printing more dollars is just becoming favorable to bitcoin.
And the main point is to be secured in the future and we know that everyone wants to live financially free and that's through bitcoin. It will happen someday if the price points have been met. While waiting for those price points, it's best to have bitcoin stored for a long time that has been set, longer than your price point.

[Silberman]

After just about 3 years of patiently waiting, it's finally all time high season again. And as with every all time high season, there will be plenty talks of price targets with people planning on finally selling at $20k, $25k, $30k, $50k, or whatever.

Guess what. If you only hold bitcoin to reach a specific sell target, then YOU'RE COMPLETELY MISSING THE POINT.

The reason why cypherpunks, economists, and investors hold bitcoin is because bitcoin is the only asset that can give you true ownership of your money or wealth. And along with that, let's not forget that the federal reserve is printing the shit out of the US dollar. And knowing both of these facts alone, some of you already have exit plans, by planning on dumping your precious bitcoin at whatever price for filthy fiat money? smfh.

/end rant

True, but that is only true for long term holders, for those that are interested more in the trade aspect then they need to set goals, that does not mean that they are going to get out completely out of the market that just means they will sell their bitcoin at that point expecting that a correction or a crash happens and then buy more bitcoin in the process and use some of their profits for some of their needs and wants, what you are saying is not wrong but not everyone is going to hold their coins for two or three decades straight so they need to have a plan on when to get out and then when to get in bitcoin again.

[dothebeats]

You have to understand that a lot of people who bought bitcoin was in it for the money and not for the vision that one day, bitcoin will be widely-used that they don't have to convert it to fiat. There's a slim chance that a lot of people will be saving it for the future and not give it up in the belief that it is all that they have to keep in order to survive, but that possibility is still overshadowed by the hopes of many to be fiat rich, and you can't really change much of that.

[CODE200]

What should be done then if holding it and selling in accordance to one's own likeness if this concept is wrong? Gold for years and wait for the mass people to sag to you m that you should sell your investment in an instant? You're probably missing the point. Bitcoin is more often used as an investment due to the issues in its wide usage as a currency and that already broke its concept in the first place. What I mean is that we should allow those who invested or put their money in this technology should be allowed to do what they want with their holdings.

[Zemomtum]

Selling and buying low can equally increase someone's BTC holding. I don't see any harm most especially if the person knows what he/she is doing and technically sound. BTC gave us financial freedom, and we can expand such by taking advantages of some movement.

[TravelMug]

Good point though, I think for long term holders this is their mindset, to get away from the government and have total control of their wealth and uses bitcoin as store of value. But with a new breed of investors who only cares about getting a profit from the market and then rinse and repeat process, there will be a point in time wherein they will have to sell at a certain price, be $20k or $40k.

And then repeat the cycle to invest again when we enter the bear market, slowly stacking sats and wait for the next bull run to sell and gain some profit. So it boils down to one's personal preference.

[maxreish]

You are also missing the point that bitcoin is volatile and that the target profit will always gonna reach though it takes time.  Others also sell off at a particular target price because there is a choice of "holding" it even in a longest period of time. Btc doen to $18k again and itnhardly reach $20k at this point , it  bounce back.

The thing is bitcoin will always have a good value in the future. Certainly that more people and institutions are joining as btc enthusiast, too.

[arbiter5]

I think it's you who are missing the point - complete ownership of money means people are free to do with them whatever they want, including selling it for fiat. Satoshi never said "don't you dare to use Bitcoin as a speculative investment vehicle", and even if he did, that wouldn't have mattered, because to the network it's irrelevant why are you sending transactions, and Bitcoin wouldn't be Bitcoin if it was different.

I'm missing the part where I said that no one is free to do whatever they want. Please quote me. The post was obviously for those people who looks at bitcoin solely as a short term make money quick thing, instead of seeing the monetary advantages Bitcoin has over fiat.

And from a more practical point of view, it's great if you can sell on top and buy back later, instead of missing out on some 1000% profits. When people discuss exiting Bitcoin, it doesn't mean that they will never own it again, it just means that they expect a crash.

Yes, because people have been easily timing the tops and bottoms right?

[MusaMohamed]

Each investor has different reasons to invest in bitcoin and different max waiting time to close their investment.

They could spend their own money to invest in bitcoin or they could make a loan to invest and with loan there is expiration date. Even if they invest with their own money, they also have few reasons close their investment for personal financial reason. I don't recommend anyone to make any loan to invest in bitcoin as the votality of bitcoin and panic will be greater under pressure of loan and expiration date.

Obviously, if one investors invest with spare money (savings) and don't actually have financial reason to cash out, they should hold their bitcoin next 5 years (one year after the next halving)

[Lorence.xD]

Dude,

Forget bitcoin and the false religion nonsense.

Let say you won a 1 million dollars worth of gold, and immediately hid that gold, so no one could find it.

Say you, then lived 50 years in near poverty, little food, sick , unable to help anyone you cared for,
but your dumb ass kept that gold hidden.

Then you died,

a few years later a young kid found that gold you hid ,
and purchased a big house, had good health, a beautiful wife, and educated his children and passed on what was left to his kids.

If after reading the above, you can't see how stupid it is to be a hodler, then enjoy your life of poverty and loneliness .

Anyone sane , have a sell point. 

This could be anyone who doesn't utilize the possibility of gaining through bitcoin. OP you should know that sometimes in life, you should roll with the punches. Can I buy ramen and 1 kilogram of pork with bitcoin in my country, spoiler alert: I can't. If only there are more business that are cryptocurrency integrated then your dumbass rant would be right, but no, you force people to your ideal that if they follow you, the world will be a better place. I agree with the quote above, what is the point of hodling when you can't reap the benefits.

[arbiter5]

This could be anyone who doesn't utilize the possibility of gaining through bitcoin. OP you should know that sometimes in life, you should roll with the punches. Can I buy ramen and 1 kilogram of pork with bitcoin in my country, spoiler alert: I can't. If only there are more business that are cryptocurrency integrated then your dumbass rant would be right, but no, you force people to your ideal that if they follow you, the world will be a better place. I agree with the quote above, what is the point of hodling when you can't reap the benefits.

If you think that just because you can't buy pork with your bitcoin right now that it automatically means that you won't be able to in the future, then fucking LoL. But I guess you're just a Bitvest campaign peasant so why would I even expect you to understand this shit.

"If you don't believe it or don't get it, I don't have the time to try to convince you, sorry."