Cash out or HODL - Bitcoin?

[Wysi]

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?

[1714829142]

1714829142

[1714829142]

1714829142

[Charles-Tim]

It depends on you. Some people are long term holders while some are traders. The price is not easy to predict at all in which not knowing if bitcoin price will fall now or continue to increase. Today's bullback could just be deceive as analysts have predicted bullrun to come which could possibly trend up bitcoin price to a price above $25000. If $25000 is achieved, and support is at that point, that means it is possible for bitcoin to get to $30000. This may not be the end of bullrun, and the strategy you use can be to sell now which is dfferent from holders strategy of not selling now and still ready to hold. The price of bitcoin at $22750 now as the support level in short term may still make the price to increase above $23000 again and rallying to $24000 in which could result to achieving $25000 or more.

[aoluain]

If you are not a seasoned trader working full time at it my advice would be to HODL.

You are right in one thing in that we are at a crossroads, or maybe approaching a crossroads
in the next 2 weeks.

I am a long term Hodler and to date everything I have Hodled is in + and what I bought today
on SALE will show + next year.

This is what I see happening FWIW, short term within maybe the next 2 weeks there will be a
correction, but medium to end of next year there will be increases, why?

Because "The Herd" are coming and with the herd comes a new type of buyer, buyers for the
long term. So many people have been saying it over the last 3 to 4 years, "When institutional investors
start buying Bitcoin . . ." well they already have started.

There will be corrections in the future.

If you dont know for definite that Bitcoin falls medium to long term, play safe and HODL - IMO

[harizen]

Depend on your purpose. We have a different approach in the first place.

If you anticipate something that might happen, then analyzed it. Based on your projected conclusion, if you think it's good to convert now, then you are free to do so. The same goes if you just want to hold.

My approach is still, as usual, will just convert if there's "a good reason" to do it. But surely, regardless of what will happen, even on a big crash, I would definitely not sold all my hodl coins*.

[tabas]

It would be an unending scenario for someone who still thinks of which is the best thing to do. For holders, definitely holding more of it. And to those that are not into holding and happy with the gains that they've made, they would have to sell at profit. Even the holders would be happy to sell if they needed the cash. That's the situation that we're all dealing with, if we need cash, holder or not as long as you're in gains, you'd definitely going to sell. That's all what matters, as long as you don't sell at loss. Holders will sell but won't be converting all of it.

[BIN-BIN]

There will definitely be more bitcoin price surge before the year 2020 comes to an end, but even at the present price we are already in bull run so many f you cash out now you are still cashing out lots of profits already but if I must advice I will say I hold for more bullish period ahead to cash out maximum profits.

[zonefloor]

If you have experience with an exchange, I recommend you buy and sell. So you can increase the amount of btc you have. But I do not really believe in the decline of btc at the moment. If you bought it at low prices, it would be useful to hodl a little more. But if I came to the price I wanted and if you say this kaar is enough for me, it makes the most sense to turn it into cash. Because while waiting for it to rise constantly, there are cases of loss.

[Lorokan]

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?

There is no cross roads at all when it comes to bitcoin; you always have options available which could be to take profits, cut losses or hodl until there is a green candle or a bull run. At this stage i would say do not fomo; do not be influenced by fud. Hodling is good; but you need to hodl bitcoin at the right time too.

[Yamifoud]

Just want to be honest here...
I've once missed last 2017, I was been by the word HODL as many people say. But this time, this is the right time to sell. Maybe it was a silly thing not to believe that the Bitcoin price will even grow more. Yeah, I was thinking about my bad experience in the past where I suppose to doubled my investment profit but unfortunately, I'd missed it. I don't want it to happen again, otherwise, I will wait for another 4 years to come, and another halving just to have these changes back.

[ReiMomo]

I respect in both different opinion either you will HODL or sell at this time. That's the matter on you if you will sell this time and cut your profit quickly. For now, I won't say sell, I still holding my bitcoin because the purpose of it is to HODL for the long term, of course with that amount, I don't rely upon my basic needs of something your expenses.

Or why not just sell a half and the remaining half of your holding is just HODL. We have a different decision but it is good if you also hold your asset at least we are helping to keep the supply becomes less than the demand.

[FatFork]

Just want to be honest here...
I've once missed last 2017, I was been by the word HODL as many people say. But this time, this is the right time to sell. Maybe it was a silly thing not to believe that the Bitcoin price will even grow more. Yeah, I was thinking about my bad experience in the past where I suppose to doubled my investment profit but unfortunately, I'd missed it. I don't want it to happen again, otherwise, I will wait for another 4 years to come, and another halving just to have these changes back.

And if you're wrong? I mean, who's to say that this is the best bitcoin can do?
At the moment, we have no definite indication that the price of bitcoin cannot keep going up. You could miss out on making a good profit and doubling your investment again.

[error08]

Don't be greedy for waiting endlessly in hopes of getting a higher price and don't hold too long until you miss out on the opportunity to obtain the profits.
I have sold some portions of my bitcoin, take the profits at 10%-20% on the bulls run, and save some portions for the next higher target, one thing that is actually concern is that too late to sell bitcoin even though you have made a slight profit, continue to wait for the price to rise considering the increase in bitcoin prices, but in fact, it is not the case, actually, it could go down at any moment

[Yaunfitda]

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?

Well if you don't need the fiat equivalent of your BTC then why sell it today? It just make things complicated when you need fiat in this holiday so you are torn between selling them to enjoy the Christmas season with your family and buying gifts or just HODL till next year and make more money (assuming that bitcoin will go on another massive run 2021).

So it's really up to you, weigh in the situation right now, and make sure to make the right decision.

[Yamifoud]

Just want to be honest here...
I've once missed last 2017, I was been by the word HODL as many people say. But this time, this is the right time to sell. Maybe it was a silly thing not to believe that the Bitcoin price will even grow more. Yeah, I was thinking about my bad experience in the past where I suppose to doubled my investment profit but unfortunately, I'd missed it. I don't want it to happen again, otherwise, I will wait for another 4 years to come, and another halving just to have these changes back.

And if you're wrong? I mean, who's to say that this is the best bitcoin can do?
At the moment, we have no definite indication that the price of bitcoin cannot keep going up. You could miss out on making a good profit and doubling your investment again.

You are right mate, we never know what will happen next either we reach $25k or not but what I'm thinking right now is to secure my fund now, $23,000 is really satisfying to me.

If I'm wrong, I would accept it.
I have already profited a lot from the current price and I think this is enough for me than regretting if I missed the $23,000 price. I don't want to be greedy this time (that was it happens to me last 2017 Bullrun), no regrets, and sure no blaming if ever the price will grow more.

[plr]

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?

Just forget about the past, we are in a different scenario compared 2017 and 2018, investors are more willing to HODL long term and new investors are aggressive in buying, people are HODLING more  then cashing out, if they do cash out it's only a portion of their portfolio.

[FatFork]

You are right mate, we never know what will happen next either we reach $25k or not but what I'm thinking right now is to secure my fund now, $23,000 is really satisfying to me.

If I'm wrong, I would accept it.
I have already profited a lot from the current price and I think this is enough for me than regretting if I missed the $23,000 price. I don't want to be greedy this time (that was it happens to me last 2017 Bullrun), no regrets, and sure no blaming if ever the price will grow more.

Yeah, it's the best way to go. You make a decision and you stick to it. No regrets!
I will probably try to sell the rips, with part of my portfolio too, only to buy the dips again later. 

[imteaz]

The hold is the best way, but if you have bitcoin then I would sell some and take a profit. Because the situation is right now very unpredictable, You do not know if it will go up. We already had a nice bull run last 3 months and buyers are exhausted at this moment and I think it was overbought. Everyone waiting for a correction. so Watch out

[BigBoy89]

It is completely up to you and your goals.

If you are nervous about (possible) correction, turn some of the coins into stable coins. Or just sell it all and have a peaceful holiday.
Personally, I turned part of my coins into USDC.

[Wexnident]

Ehh up to what your financial situation is. Honestly, anyone with money could choose just to hodl, at this point I along with many others haven't really reached the ceiling of what Bitcoin could actually achieve, so choosing to hodl or to cash out doesn't really matter in the overall view, so just do it depending on your circumstances. If you want money right now, cashout, if you don't really need any, then you can just hodl. Though right now you can just stick to watching the market so that if any big dumps would happen, you can join in and take advantage, either buying at the bottom or selling together to get max profits for that period.

[taufik123]

Hold or sell at this time is your own decision. You have to have a target. If the target you are aiming for is ATH this year, then it has been met, but if you want to reach a high price again you can choose Hodl. Many predict it will reach a price of $ 30k but before that there will definitely be a lot of hitches going on. It will also affect your psychology.