Cash out or HODL - Bitcoin?

[Kong Hey Pakboy]

Something very similar never happens every time. I know in 2017 on Christmas eve, when the bitcoin smashed and pretty much every individual quit utilizing it.
But today is different, the cost is a lot higher than $20,000, and its dependability revealing to me the diverse story, I won't sell it, rather I will hoDL.
On the off chance that the cost can cross $20k, at that point it can cross $50k as well.

Whenever this happens, it is really advisable that you are holding bitcoin since there will be a chance that there will be correction, also, if you want to achieve higher price of bitcoin, it is also good to hold btc. It really depends on you if you need the money... you can cash it out if it is a good price for you. Otherwise you should hold back if you want your holdings to be higher at what it is today.

[chikading2016]

Something very similar never happens every time. I know in 2017 on Christmas eve, when the bitcoin smashed and pretty much every individual quit utilizing it.
But today is different, the cost is a lot higher than $20,000, and its dependability revealing to me the diverse story, I won't sell it, rather I will hoDL.
On the off chance that the cost can cross $20k, at that point it can cross $50k as well.

Whenever this happens, it is really advisable that you are holding bitcoin since there will be a chance that there will be correction, also, if you want to achieve higher price of bitcoin, it is also good to hold btc. It really depends on you if you need the money... you can cash it out if it is a good price for you. Otherwise you should hold back if you want your holdings to be higher at what it is today.

Cashing out is good at this point of time and holding is also good beause there will be a posibility that the bitcoin will continue to rise, if you want to be sure that you can earn i think cashing out is the best option for you but if you want to take the risk and continue to hold then it is up to you, but always remember that cypto may change anytime because cypto is high on volatility.

[tygeade]

Cashing out is good at this point of time and holding is also good beause there will be a posibility that the bitcoin will continue to rise, if you want to be sure that you can earn i think cashing out is the best option for you but if you want to take the risk and continue to hold then it is up to you, but always remember that cypto may change anytime because cypto is high on volatility.

People are confused because of that, if I cash out right now, I would have x6 profit as of right now, and probably more as well it was x6 when I last checked at 43k and just a bit more now. So that means I would be quite happy about the profit, who wouldn't want x6 profit right? Nobody could say it is a bad situation, and I can't really complain about it, but if I get out now, cash out and get fiat, and price of bitcoin becomes 100k, what am I suppose to do?

I know that I won't be getting bitcoin at 6k again, it looks impossible now, I do not think that it will ever go down that much, sure it may have some down days but it will probably never become 6k ever again. So I am just holding, it is not much money but I think selling could cause me to regret selling it, so I am just waiting for it to become more and more. But then I realize, when am I going to sell? If I never sell, what would be the point of it?

[KTChampions]

I am still very bullish on bitcoin. I think every price below 30000 is DIRECT buy. I think in this bull run we will hit around $80000 maybe even $100000. Total cash out something I don't consider. I think after $60.000 I may cash out %25 of it maybe to put into gold or other altcoins like Swipe.

Earlier, I was very skeptical when I heard such numbers, but the fact is that such large players as Tesla can push the market in any direction (even if it is fundamentally unreasonable) and now they are bullish. I don't know if we will be able to gain a foothold at these levels, but the fact that we will reach them is very likely.

[tabas]

I am still very bullish on bitcoin. I think every price below 30000 is DIRECT buy. I think in this bull run we will hit around $80000 maybe even $100000. Total cash out something I don't consider. I think after $60.000 I may cash out %25 of it maybe to put into gold or other altcoins like Swipe.

Yup, $30000 is already a low price if ever we'll go back there anytime. But the support is just getting stronger but I would still not be confident with that. Bitcoin's truly volatile and can get to the positive price to negative as quick as it can.
25% is a huge part of holding if you're planning to do that once bitcoin hits $60,000. But it's your game plan and as long as you're happy doing that, it shouldn't be questioned.

[FlightyPouch]

You might cash out if you want urgent needs but holders always gain more. When I say holder, I don't mean months but years. blockchain is still at the infant stage, adoption is still very low and has a promising future.

At this point, it is better if you will be saving money for a certain time and a certain reason so you will never use your investments for such expenditures. I know that it is inevitable but you could lose some of your great profits if these kinds of movement come around.

I save my profits here and use my salary so that I won't have a problem with my expenditures and some emergencies.

[Ultegra134]

You might cash out if you want urgent needs but holders always gain more. When I say holder, I don't mean months but years. blockchain is still at the infant stage, adoption is still very low and has a promising future.

I was selling my bitcoins at the beginning of this cycle starting at 25K... And regretted it! Some of it I had to buy back at a higher price... But I'm still hoping that the price will go down to 20K and I can buy the rest! You are correct in saying that HOLD is the best strategy!

I also did the same, first at 25.000 (Euros though not USD), sold almost 1/3 of what I owned. Needless to say how much I regret doing that. Likewise, I also sold at 35.000 Euros hoping to fall, so I could buy more Bitcoin in return. Then Elon Musk/Tesla happened. You can easily guess that it didn't really go according to plan.

[vintages]

Whether price drops or pumps, is best to retain and hodl your coins. This is staying on a safer side.
Imagine you sell now and then you can't buy back because of a sudden price increase. It's tempting but hodl.
There might still be a sudden price increase this year, price may certainly increase.

[JimboToronto]

Why cash out when you can cash in (by buying and hodling Bitcoin)?

[LogitechMouse]

Different people have different plans when it comes to Bitcoin.

There are some here who are holding Bitcoin just for the short to mid term and they will sell all of their holdings whenever their target price to sell has been reached. There are some who are like me. Holding Bitcoin for long term and when I mean long term, it is at least 5 years of holding to maximize the profits.

[MWesterweele]

Different people have different plans when it comes to Bitcoin.

There are some here who are holding Bitcoin just for the short to mid term and they will sell all of their holdings whenever their target price to sell has been reached. There are some who are like me. Holding Bitcoin for long term and when I mean long term, it is at least 5 years of holding to maximize the profits.

And also different people has also different needs to be sustain and from here we can justify if we will going to hodl Bitcoin for a quite long time because of continuous bull run or we will going to cash it out to meet our needs. Some of our members here are depending to support their need in Bitcoin especially now in times of pandemic where the unemployment gets high. I guess if one person should only have a choice they were going to choose to hodl their bitcoin.

[romero121]

Why cash out when you can cash in (by buying and hodling Bitcoin)?

Right now it is an opportunity to cash in for the rich ones. People always find it high risk to buy at a higher price and profit further. Now the large scale investors are the one to profit big out of bitcoin. Elon Musk started the game and it keeps continuing with more and more number of leading venture people into bitcoin.

[SmokerFace]

Something very similar never happens every time. I know in 2017 on Christmas eve, when the bitcoin smashed and pretty much every individual quit utilizing it.
But today is different, the cost is a lot higher than $20,000, and its dependability revealing to me the diverse story, I won't sell it, rather I will hoDL.
On the off chance that the cost can cross $20k, at that point it can cross $50k as well.

50K isn't even a hard target now. A few days back, Bitcoin was trading above the $47,000 level, and it's just a matter of time before the $50,000 level is breached. The real target now is $100,000 per coin. With mainstream adoption gathering pace (as a result of recent revelation by Tesla), I expect that this is an achievable target by the end of 2021. A few trillions of USD in stimulus spending by Biden will make the journey a lot more easier.

You're right 50k has been crossed. Tesla bought 1.5B $ worth BTC which was also promoted to their customers that look " We support bitcoin " this initiative can make raise atleast 100 Billion Marketcap of bitcoin, Not to say what will happen after bitcoin has reached 1 Trillion marketcap.

[piececollector]

I say cash out and buy the "bottom"

[WatchMaker]

The year 2021 is a bullish year for the bitcoin and cryptocurrency market. I think it is a very good idea to HODL your bitcoin until the end of the year to see the outcome. Although many people are thinking bitcoin market will start crashing by May, just like what happened in 2018 where the entire cryptocurrency market started crashing in  May 2018 but that is just bullocks and nothing more. Perhaps, we might see the bitcoin price reaching $100,000 by the end of the years. I'm so BULLISH on bitcoin!   

[Bitcoinislife09]

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?

I'm gonna continue to hold bitcoin because bitcoin is like the best cryptocurrency investment that you could easily hold for years where you could almost guarantee a profit. For some investors you could sell it on t the highest market price or in the peek of the bull run and then buy it back when the market price or the bull run is over that would also make sense because you could make sure the profit when you sell your bitcoin even though if you buy back bitcoin at a little higher market price you could still buy a little more because you have multiple your investment already. Whatever your method is as long as you do it in bitcoin it would still make some profit as long as you don't sell at a market price that is lower where you buy your bitcoin.

[arufox]

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?

If people know what happens in 2017, they will make a decision to keep Hold it, because this year it's not time for sell, but this year it's time to buy. Just look at the charts especially in 2017 and you will see a lot of the same points, and also you will know when to sell Bitcoin, yeah not a specific date but as a reference

[elisabetheva]

If people know what happens in 2017, they will make a decision to keep Hold it, because this year it's not time for sell, but this year it's time to buy. Just look at the charts especially in 2017 and you will see a lot of the same points, and also you will know when to sell Bitcoin, yeah not a specific date but as a reference

Yes, my friend, 2017 was where bitcoin increased after the halving a year earlier. we know that last year's halving, we can be sure that an increase will occur this year, namely after a year of halving has passed.

The halving period always occurs at the end of the year, so if there will be a repeat for the third time, then we can be sure that the increase in bitcoin at the end of the year will be fantastic because now the value is quite high.

the most important thing is whether we have prepared ourselves for the arrival of this very high value. have we also prepared to get what everyone is aiming for.

[onecall123]

If people know what happens in 2017, they will make a decision to keep Hold it, because this year it's not time for sell, but this year it's time to buy. Just look at the charts especially in 2017 and you will see a lot of the same points, and also you will know when to sell Bitcoin, yeah not a specific date but as a reference

without a doubt, 2021 will be a better investment plan and we are in the road to the all time high record. 2020 was incredible for bitcoin and bitcoin investors. 2021 looks better and it's yet portrayed by the trading chart, market cap so many news. Ultimately, your preparation make you either winner or loser.

[arufox]

I don't know why people want to cash out their assets on another side that they know can give a huge return in the future. I think only newbie cash out their bitcoin right now. close your ears and don't listen to people's negative words and keep invest in cryptocurrency and HOLD

If you don't hold it and cash out now, you will regret it