Cash out or HODL - Bitcoin?

[Sithara007]

You guys always talk about only two options, as if there is nothing in between. I invested in the cryptocurrency for the first time in 2014. I have followed a combination of long term holding and booking profits at regular intervals. This has helped me in taking care of my monthly expenses, at the same time leaving enough coins in my wallet for long term holding. But it is up to you, to decide how much of your coins you want to set aside for profit booking.

[karisiak123]

The point in terms of choice we have to be confident, In the world of bitcoin we have to be smart in finding coin market information. Suppose we have some coins that are priced higher than the previous coin, then it would be good to liquidate. And the rest we keep for another time.

[Sled]

The point in terms of choice we have to be confident, In the world of bitcoin we have to be smart in finding coin market information. Suppose we have some coins that are priced higher than the previous coin, then it would be good to liquidate. And the rest we keep for another time.

That only if we know what will happen next but somehow, we always face a big challenge everyday and that every step/decision we do is not fully 100% sure that we are right or wrong. I can't be that confident at all but I feel no regrets as well of doing cashout as I also making good money from my investment. Felt sorry to me for not holding it long but that was a part of our crypto life, it can't be perfect.

[Expecto]

Here we are again at crossroads to choose whether to cashout bitcoin which we have or else Hodl for some more time? This week is undoubtedly most complicated week of the year for bitcoin users because history has not been so kind to bitcoin towards the end of year's post bullruns. If Bitcoin has already achieved its ATH for the season then it's better to cashout but if Bitcoin is going to surge further then HODling is sensible but how do you figure out as we cannot depend of predictions since it fails most of the time. What's your opinion?

For me, it depends on the profit I have made. If I HODLed for e.g. a few years and made a very big profit, I would choose to cash out and wait for the price to go down at a too high rate. Then, I would buy BTC from that price again and HODL it for a similar time period and observe the movements of the price. 

[bryant.coleman]

For me, it depends on the profit I have made. If I HODLed for e.g. a few years and made a very big profit, I would choose to cash out and wait for the price to go down at a too high rate. Then, I would buy BTC from that price again and HODL it for a similar time period and observe the movements of the price. 

For most of the investors, it doesn't depend on the amount of profits they have made, but their ability to wait for long. If you can afford to hold your coins for another 3-4 years, then that would be the best thing to do. With so many institutions entering the Bitcoin sector, the future potential looks very bright. But at the same time, if you have expenses to take care of and you are short of cash, then it won't be a bad idea to sell some of the coins right now.

[Becky666]

The point in terms of choice we have to be confident, In the world of bitcoin we have to be smart in finding coin market information. Suppose we have some coins that are priced higher than the previous coin, then it would be good to liquidate. And the rest we keep for another time.

Basically, finding information about a particular coin on the internet sometimes seem tiring, so, i wouldn't suggest that to anyone at the current space we are moving. Your holdings depends on you actions, selling some part of the holding and keep others against the future should be encourage at this time. There is a possibility that these bubbles will soon burst and when that happen then many will regret their actions on be perpetual holders without take profit.

[lalabotax]

The point in terms of choice we have to be confident

I don't think so. Knowledge should be the most thing to consider before you make a choice. If you only rely on confidence, it sometimes makes you regret it since it is very risky and possible to lead you to a terrible situation. I suggest to analyze everything with your knowledge and experience first before you decide anything.

[raidarksword]

I do believe long term holders of bitcoin already cash out or take profit from their capital and already waiting for the opportunites again to fill their bags once it go down deep. Nonetheless, both decisions are fine as long as it will give full benefits of each individuals of their sole purpose in crypto currencies, to hold or to make profit.

[Natsuu]

The point in terms of choice we have to be confident

I don't think so. Knowledge should be the most thing to consider before you make a choice. If you only rely on confidence, it sometimes makes you regret it since it is very risky and possible to lead you to a terrible situation. I suggest to analyze everything with your knowledge and experience first before you decide anything.

You point out something in his comment, then disregard the next sentences in his paragraph. In other words, you "NITPICKED".

He stated that "In the world of bitcoin we have to be smart in finding coin market information", meaning that we should smart to gather information/Knowledge about what we are going to deal with. And of course, as he said in his first statement, we should be confident with the choices we would make after we gather the information.

And yes I agree with him regarding this one, as you should always be the one to be confident in your own decisions regarding the information you yourself have gathered, and you yourself must be ready for the consequences of every decision you make, hence the "CONFIDENCE".

[metenjean]

The point in terms of choice we have to be confident

I don't think so. Knowledge should be the most thing to consider before you make a choice. If you only rely on confidence, it sometimes makes you regret it since it is very risky and possible to lead you to a terrible situation. I suggest to analyze everything with your knowledge and experience first before you decide anything.

I think need knowledge and never allowing what other recommendation when trading or keep waiting with your assets, when you try for cash out looking later with moment have chance your assets increase to higher price or not. Many investors not confident and look busy for cash out without waiting next have good moment for holding with bitcoin or altcoin price going up. I think depend with your feeling which one better holding or cash out your assets.

[MonaLeeTracy]

I do believe long term holders of bitcoin already cash out or take profit from their capital and already waiting for the opportunites again to fill their bags once it go down deep. Nonetheless, both decisions are fine as long as it will give full benefits of each individuals of their sole purpose in crypto currencies, to hold or to make profit.

Not all of them are profitable. I actually see the portfolios of large-scale bitcoin investors, they actually hold bitcoin, maybe every individual now is the right time to be able to sell and wait for bearish momentum and buy back. in at least 3 years the price of bitcoin has experienced a high increase at its peak at the end of the year and early this year

[Tahsin Kabir Kollol]

It depends entirely on its holder. Because it is almost impossible to give accurate information by analyzing the market and it is also a matter of luck to cash out by selling at the right time. Because after selling, the market may go up. As a result of retention, there is a possibility of a loss of profit or loss due to the market downturn. So instead of relying entirely on the analysis of others, you should try to make your own decisions by collecting and verifying information. In this case, I think that we have to wait through the constant market monitoring and if the market situation goes down or down to the made strategy, it can be sold out and cashed out.

[saffira]

Here we are again at crossroads to choose whether to cashout bitcoin which we have or else Hodl for some more time? This week is undoubtedly most complicated week of the year for bitcoin users because history has not been so kind to bitcoin towards the end of year's post bullruns. If Bitcoin has already achieved its ATH for the season then it's better to cashout but if Bitcoin is going to surge further then HODling is sensible but how do you figure out as we cannot depend of predictions since it fails most of the time. What's your opinion?

It is hard to predict really.
For me, the current price is really good to cashout and then save and hold for buying when the price went down again. That is how I find it more profitable.

[FlightyPouch]

Hold or selling this is your own decision. Many long term holder who hold since 2018 at a time make good profit. Today bitcoin price $41k up. So you long term investment I prefer hold I believe soon again make New ATH this year possible touch $50k  bitcoin price.

It might reach that price or not, people should still hodl. We never know what will happen in the past but still, we shold hold it because we might be able ro use it as a currency in the future with its value so high we are just using satoshis. This might still be further in the future but I think it is podsible to happen.

[philipma1957]

well if you sold at 41 you can buy at under 37.

but if you live in a tax country like usa. the hammer of tax eats all of that up.

If got in at 20 and sold at 41 making 21 i owe about 7 in tax.

so buying back at 37 is a loss.

I have to wait  until it goes under 33 to have made out.

So selling for me is costly as I have a 33% tax on profits.

[bryant.coleman]

well if you sold at 41 you can buy at under 37.

but if you live in a tax country like usa. the hammer of tax eats all of that up.

If got in at 20 and sold at 41 making 21 i owe about 7 in tax.

so buying back at 37 is a loss.

I have to wait  until it goes under 33 to have made out.

So selling for me is costly as I have a 33% tax on profits.

If that is the case, then you should not sell your coins unless you are sure that they can be bought back at sub-20K levels. If you purchase them against 30K-33K, then how much profit you will get? There is no point in investing in BTC, just for 5% or 10% profit. I would rather target above 100%. Anyway, it doesn't make any sense to sell the coins now. Because in the long term, the prices may move further up. Mainstream adoption is gaining momentum, and unless there is no stinker from the SEC/FinCen, we should be comfortably on our way to 50K.

[Walterhank]

I think you should choose what you like to do. If you can withstand the situation where the BTC goes down and your Financial situation is good then do it otherwise don't. IMO, holding is not wise in the current scenario because people will be panic selling if they another dip.

[1l1l11ll1l]

In order to overcome my greediness, I set the target as well as the profit at a certain level, ofcourse at a rational price level. as long as it hasn't hit that price level, I will still hold it and it's not a big problem for me

[death69]

Holding is my number one choice. Bitcoin is going crazy in the past few day. This is a proof for a big upcoming bull run which can change the context of our modern world. People expect bitcoin and other cryptocurrencies to become a part of our world and change the current financial system. It means, if right now I am not capable of having a small piece of bitcoin, i will never ever have a chance to have a penny of bitcoin in the next generations. Keep holding your bitcoin. Not just for the profit but also for the future purposes

[ngesotcoy]

for now it's better to hold Bitcoin, because the $ 33k support can still survive,
I hope a lot for Bitcoin not to drop from the $ 30k level, because if it goes down then Bitcoin has the potential to downtrend to $ 10k again,
of course this is terrible, that 2017 will happen again. for now doesnt sell your Bitcoin, keep hold until price breakdown under $30k and you maybe cash out.

Bitcoin isn't going to repeat the crash of 2017, the price is falling quickly but resistance is still very strong. The possibility of going below $30k is very low, I am confident it will return to $40k. Everyone stay calm and don't sell off.