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

[peter0425]

But at least having a target amount to sell can save them from sudden fall because this happens all the time.
And besides Putting a specific amount means harvesting time because you plant seed to gain fruits in a certain time.
you will not allow your trees to just have fruit completely all the years without taking them to be beneficial.
We invest here because we wanted to earn money and not just because of the technology or anything ,let it be until the total adoption happen when we can use our Bitcoin in any merchant but for now?let us make some bucks for risking .

[nutildah]

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.

I'm curious, why did you ditch your main account to pursue building up this one? You're an alt account shitting on people for being "peasants"... why? Does it make you feel jolly on the inside, your dick feel bigger, or what? Just because you're in a higher paying campaign, you're not also a peasant? Get real.

Most people on planet earth can't afford to sit around and HODL, hoping that bitcoin will one day do what its supposed to do. And that's not their fault. Find some humility and courage to post under your main account and then I will reward you with half of a ballsack.

[arbiter5]

I'm curious, why did you ditch your main account to pursue building up this one? You're an alt account shitting on people for being "peasants"... why? Does it make you feel jolly on the inside, your dick feel bigger, or what? Just because you're in a higher paying campaign, you're not also a peasant? Get real.

I didn't know posting on an account without a campaign is automatically equivalent to using an alt acount. So that's how Bitcointalk works!

Really though? I have nothing against signature campaign people. I wouldn't have went for his throat if he wasn't provocative with his words to start with.

[nutildah]

I didn't know posting on an account without a campaign is automatically equivalent to using an alt acount. So that's how Bitcointalk works!

Please, just stop. You're embarrassing yourself. In general I agree with your principles but its quite obvious you've resorted to posting under your alt for the sake of slinging shit. If you had something interesting or useful to say, you would have posted it from your main account.

Really though? I have nothing against signature campaign people. I wouldn't have went for his throat if he wasn't provocative with his words to start with.

I should hope not because you are in a signature campaign with your main account.

A few other posters have tried to tell you that you're missing the point, some more politely than others.

If people have bitcoin and no money, then blaming them for cashing bitcoin out for money is lame. Simply yelling at them for being poor or overinvested in bitcoin changes nothing.

[arbiter5]

Please, just stop. You're embarrassing yourself. In general I agree with your principles but its quite obvious you've resorted to posting under your alt for the sake of slinging shit. If you had something interesting or useful to say, you would have posted it from your main account.

Sure chum. Have it your way.

Simply yelling at them for being poor or overinvested in bitcoin changes nothing.

Yelling at them for being poor? Where? Clearly the message is not for literally everyone. Like I mentioned on one of my responses, it's for the people solely to make money while missing the grand scheme of things.

[kryptqnick]

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

I think it depends largely on how Bitcoin gets adopted. People who have a sell target probably intend to sell not just because they want to have dollars/other fiat, but because they want to purchase something with this money (a flat/a car/tuition fees etc.). So it's easy to shift focus from BTC-USD to BTC's purchasing power, and essentially have the same idea, but in a fiat-free form: the idea of exchanging BTC one has been hodling for goods and services that can now be purchased due to the increase of value of Bitcoin. The problem is, we don't know if in a few years from now it would be no problem to purchase something serious with BTC, so the price/purchasing power might go up faster than direct spending of Bitcoin becomes available.
Dollar is not great, but it is something you can actually spend, whereas spending Bitcoin directly means having very limited options of what to buy and where. And taking this into account, I think that having an idea on when to spend Bitcoin on something is better than hodling indefinitely.

[Ryker1]

Well, due to the price volatility of bitcoin I cannot inculpate those people who have such plans of selling it now especially that we are in the midst of ^[ATH] because no one can guarantee that none of us would sell their bitcoin just to maintain the current price. However, --I perfectly understand that if someone sells their bitcoin then they will definitely miss the brighter future that bitcoin can offer to them in terms of their investments since if we can maintain the price for a period of time then rest assured the price will pump to the moon that would benefit us more. Perhaps this topic can inculcate the real thought behind bitcoin investment to all the holders' minds.

[oktana]

Sensible! This has always been Satoshi's goal. It is a currency and wasn't intended as an investment. Right now, people are buying and selling back because it's still affordable. When it becomes rare, difficult to own, that's when people will see its primary meaning.

[Lanatsa]

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

Not bad on having this kind of thing in mind yet we do have our own beliefs and perceptions and to know the fact that majority of people who do jump into this
Bitcoin craze is just for its potential earning that they could possibly get not totally on the essence or do talk about its real purpose.

You cant blame out people not to sell off because we know that bitcoin isn't globally accepted yet and do still rely with fiat and if they do have that in mind that
they do need to make profits to earn more dollars then its their own money and its none of our business on how they do gonna handle it.

Just let them be and mind on your own.

[Cryptpogz1]

Well if you dont then you'll simply miss the chance to sell at an all time high and you will find yourself holding those bitcoins for another 1/2 years to reach that price point again when you could've simply sold and reinvested, so no i completely dissagree with your point here...

[erikoy]

That might be convincing OP but we  cannot force the investors to hold their bitcoin just because bitcoin is a good asset or reserve money especially for those people with huge bitcoin investments. They are seeing bitcoin like this and it can't help when you say that bitcoin is something that could be more valuable in the future as time goes by for an investor usually think about profit and that by selling their bitcoin anytime soon it can happen.

[jaberwock]

Whether they sell their Bitcoin at any price or not, it doesn’t change anything about Bitcoin being a technology that was created for peer to peer transaction.

Everyone has their own choice and I know why a lot of people wouldn’t Bitcoin is because the price is volatile, though we are aware that the price can still increase in future, some people are always using their money for steady transaction and that money can drop at the time they need it, that’s why they wouldn’t consider it as their main place for keeping their money. As for me I divide the money I put into Bitcoin into different addresses, there is a little part I just keep that I use for transaction just because I like bitcoin, then there is the one for investment, it’s just like that.

[Rengga Jati]

Actually, selling it in the target has been thought carefully, at least to secure the asset. ANd it is probably not for all in the sale.
We may ever think that we always want to get more and more profits. If it has reached the target, then we cancel it and continue to bigger profits again. And in fact, the market is not as our expectation, it decreases and you are panic selling.
In this case, I will prefer to set a target at least to manage the risks and also set the funds. And make the least for another bigger profits. I am really aware that I will never meet the eagerness and greediness that may make me lose.

[Walterhank]

You do have a point. But I think you should have a clear goal of selling it. Its true fiat doesn't hold up to the expectations of decentralization but it does have value and there isn't a stable system in place for crypto usage. That's why people still need to sell it at a clear point.

[pooya87]

You are kind of contradicting yourself by calling bitcoin an "asset" since currencies aren't categorized as assets but you have a point.
I personally prefer a more balanced strategy, you buy bitcoin when its price is low and everyone is depressed about its price then you sell some of it when its price has gone up and everyone is overexcited with its price. Note that I said some of it not all. It is a good idea to enjoy some fiat profit while bitcoin has not yet reached mass adoption so that you can spend the fiat for now and keep the rest for the mass adoption phase and start spending bitcoin then without selling.

[Kakmakr]

I guess what most people are missing is this.... Let's say you bought Bitcoin now at $20 000 and you hoard it for a few years... then in future when the price goes to $100 000 per bitcoin... you would effectively have higher valued Satoshi and you can buy more with those bitcoins.

So at a price of $20 000 ... you could have bought a car for say 1 bitcoin .....and at a price of $100 000 ...you can buy 5 cars for the same bitcoins. (Not having to convert back to US Dollar, because most merchants and services will be accepting it as a payment/currency then)

                                                                        It is a currency... not a commodity!

[The Cryptovator]

Just sell when you need it. Holding for a lifetime and not use it in real life is really worthless. I do not agree to stick with a targeted price. It would be a reason for the loss. For example, during the last bull run in 2017, I had a Bitcoin, I thought I will sell it when the price reaches $30K. But unfortunately, the price has dumped and I lost a lot. Because if I sold it on $19K, and when bitcoin dropped $3K later, then I would buy more than 6 BTC. So I don't like to stick with any specifically targeted price, we should take a real time decision when necessary.

[jademaxxiss012]

I will disagree. Not all bitcoin users think like you do. The most common concept of others holding  bitcoin is to earn. This is why many are excited knowing about the ATH because they believe they can earn. Yes, they can earn so never blame why many people seeing bitcoin like this an asset and as an investment.

[Josefjix]

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

I don't agree with this, there are people who bought at $20k their main target is to at least sell and get back their initial capital after all. Even it means earning $1 interest waiting over the years. Trading bitcoin for interest is an individual rationale that should not be undermine. Some people hold bitcoin as a means of evading taxes by the government while other hold bitcoin as true value of asset.

[lovesmayfamilis]

Based on this, they say that there are traders and there are investors. If you invest as an investor, you must determine for yourself the time moment, the time allocated for investment, after which you would like to have a profit. And investments, as a rule, are designed for long-term storage. And yes, in any case, the profit from the hold is always greater, the probability of losing a coin is minuscule, in contrast to trading.
But I agree with everyone who unsubscribed in confirmation of the facts of the sale by the most common human factor. Anyone in trouble will sell bitcoins if needed due to a lack of other funds. Because one way or another, at some point everyone will find a reason to sell it