Cash out or HODL - Bitcoin?

[kawetsriyanto]

~snip~

You're right. It is the time for holding, not to cash out. It is clear if the crypto market is in a bullish trend and the price of bitcoin predicted to go to $100,000. Even if it is still a prediction but if we consider many factors, it makes sense if the price of Bitcoin can achieve $100,000 this year. Also, the current price of Bitcoin is still below $60K, the journey of Bitcoin price growth is still far. It is too early cashing out, better to be patient and keep holding. We only need to think positively and optimism about the performance of Bitcoin this year.

[hotpassion]

I made a terribly decision last year when I sold many of my btcs at a low price. If I had more trust on BTC, I'd have not sold my BTCs last year. Look at the chart bellow and we all see that the best time to cashout BTC is not now but by this year end or on 2025.

[bakasabo]

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

Ever heard what FOMO is ? Those who cash out right now are the ones who either are in need of fiat, or dont believe in further growth. You know, not every one thinks that Bitcoin can bring huge return in future. For example since the middle of February, Bitcoin did not show major growth, but shows only sharp price changes.

And as we are speaking about Bitcoin only, dont forget about alt season. Some prefer to exchange Bitcoin to alts, as some of them grow in price much quicker.

[Sithara007]

I made a terribly decision last year when I sold many of my btcs at a low price. If I had more trust on BTC, I'd have not sold my BTCs last year. Look at the chart bellow and we all see that the best time to cashout BTC is not now but by this year end or on 2025.

Just because the cycle had occurred three times in the previous occasions, we can't really assume that it will happen this time as well. The scenario has undergone a complete change. The entry of institutions in to the scene has changed the equations. Before assuming that another pump is around the corner, we need to do self-introspection. The cryptocurrency market cap has already grown to $2 trillion, which represents almost 0.5% of the global wealth. How much growth is possible from this point?

[STT]

You dont have to sell any really, theres no mistake just because a price changed.   Most of this decision is based on if you have to pay a bill or use those dollars for something, dont just hold plain cash because its being burnt up every day by government over spending; no regret is necessary really.  I didnt sell all at 60k I sold some in that rough area because I always have to sell some of what I buy, thats a normal trade.  Having a separate allocation to just hold is also reasonable, generally buying over time is best rather then specific prices to hold and same with selling roughly

The price in dollars isnt the way to determine timing or any success, I think one of the easiest ways to judge markets is the amount of hype going on.   Even within just this forum section, you could say well I have to sell something to pay a bill within this year and if every single thread is when does BTC land on the moon or giant hype titles then you far more likely to be in a time of over valuation.    
  If you sell now with constant gloom and no inflated expectations then you will get a bad price for the very same BTC that hasnt really changed.  Its never definite on the exact pricing but everyone can guess the mood of the market, a forced seller is somebody who has to pay a bill so write down all expected bills and thats your schedule of sale you have to meet ; now it just remains picking when the market is too hyped up and ignoring all the negatives in the world that can always happen.  

[Sithara007]

I made a terribly decision last year when I sold many of my btcs at a low price. If I had more trust on BTC, I'd have not sold my BTCs last year. Look at the chart bellow and we all see that the best time to cashout BTC is not now but by this year end or on 2025.

The charts that you have posted tells the story. Even the price movements so far in 2021 has an uncanny resemblance to what happened back in 2013 and 2017. If you check what happened in 2017, then you can find that there was a lot of volatility in Q2 and Q3, due to various factors (hard fork of BCH, emergence of new ICOs.etc). The rally that occurred in 2017 took place primarily in the last three months of that year. By mid-July, Bitcoin was trading at less than $2,000 per coin. The prices shot up by more than 10 times in the next 5 months.

[Wong Gendheng]

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

When we get a huge profit (more than 100%) then selling some of it is a good technique, if the price drops then we have made a profit so that it makes us calm and think rationally to look for new ideas again. but if we sell now it may be too late because the price of bitcoin drops again, buy and hold is a good suggestion.

[Obito]

If you think that you can make a good profit out of your current bitcoin minus your initial investment, then probably cashing out is your best option although it's not really the best time to sell your bitcoin since the prices aren't rallying up and it's not the highest point in the current market. Hodling is a good option if you're goal is a long-term one but if it's the other way, I think that it's going to be different.

[Xinarae*]

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

I agree bitcoin is the best decision to hold for investment cash doesn't last very long but if you hold on it is possible to double the profit if the price goes up. Bitcoin is more profitable in the long run research the market to know the right time to hold.

[Karartma1]

Looking at the market conditions we have today to cash out now would be a bad decision. I mean, unless you have quite a few coins and can keep holding long-term, I wouldn't bother selling right now. But life's different for anyone and I understand there can be unexpected expenses that must be honored and selling bitcoin for that, even if it's sad, can be necessary.
I hope to never be in such situations though

[CryptoYar]

Hodling is a good option if you're goal is a long-term one but if it's the other way, I think that it's going to be different.

Yes it is not a good time to sell bitcoin, if someone affords to hold bitcoin then he will get a chance to earn maximum profit. I have no option but to hold bitcoin because if I sell then I will have to bear the loss. and i don't want to do that.

[rhodelmabanal]

Hodling is a good option if you're goal is a long-term one but if it's the other way, I think that it's going to be different.

Yes it is not a good time to sell bitcoin, if someone affords to hold bitcoin then he will get a chance to earn maximum profit. I have no option but to hold bitcoin because if I sell then I will have to bear the loss. and i don't want to do that.

I agree on that we need to hold specially when we buy bitcoin when it is in a very high price. We need to hold because if we cannot hold we will surely loss. If we are going to hold maybe we can get back the loss profit or capital in the next few months. In short if we are investing in crypto we need to always depend on the price or the status of the coin in the market we also need to set a limit to avoid losing.

[Obito]

~snip

Yes it is not a good time to sell bitcoin, if someone affords to hold bitcoin then he will get a chance to earn maximum profit. I have no option but to hold bitcoin because if I sell then I will have to bear the loss. and i don't want to do that.

That still depends though, what if you are on long-term but a really time sensitive emergency happened to you and you have the money to pay but it's all on your wallet, you shouldn't think twice because better to have the emergency be addressed rather than wait for something that might not arrive in time.

[CryptoYar]

I agree on that we need to hold specially when we buy bitcoin when it is in a very high price. We need to hold because if we cannot hold we will surely loss.

Actually, whales know how to get your bitcoins. They scare small investors through market manipulation and buy bitcoin cheaply, so we shouldn't fall into their trap. should not sell our bitcoins at low price until we do not have any kind of compulsion/need of money.

That still depends though, what if you are on long-term but a really time sensitive emergency happened to you and you have the money to pay but it's all on your wallet, you shouldn't think twice because better to have the emergency be addressed rather than wait for something that might not arrive in time.

Agree. That's why I believe that we only buy crypto with our extra money, so that we do not have to face loss in such bad times.

[Lanatsa]

~snip

Yes it is not a good time to sell bitcoin, if someone affords to hold bitcoin then he will get a chance to earn maximum profit. I have no option but to hold bitcoin because if I sell then I will have to bear the loss. and i don't want to do that.

That still depends though, what if you are on long-term but a really time sensitive emergency happened to you and you have the money to pay but it's all on your wallet, you shouldn't think twice because better to have the emergency be addressed rather than wait for something that might not arrive in time.

Yes, everyone does have their own goals set in mind on where you do really think of neither for future profits or would be just good for short ones because you do need it?

There are lots of factors that could affect someones decision in towards their investment and its none of our business on how they would really be handling it out.So  it would vary.

For me, there are really times I do really make some cash outs and there are really other amounts which are intended for long term holds but since there are instances
in life which you  would really be needing money which you would really be converting.

[Rajamuda]

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

I agree bitcoin is the best decision to hold for investment cash doesn't last very long but if you hold on it is possible to double the profit if the price goes up. Bitcoin is more profitable in the long run research the market to know the right time to hold.

It's of course still many opportunities are wide open to earn profits when investing in bitcoin, some people invest in large amounts and some people invest in small amounts.
Apart from that, sometimes there are still people out there who have financial conditions that really have to cover their daily needs to sell them suddenly, although it's not worth doing.. but for the sake of interest, they can sell it even though it was a wrong decision when investing, which should be should be more resistant for the long term.

[bryant.coleman]

You can decide on how much of your coins you need to earmark for long term holding. But the point is that, this is not the right time to cash out. Bitcoin already had several important breakthroughs in the last 12 months. To name a few - adoption by PayPal, purchase from Tesla and the announcement by El Salvador to make Bitcoin as legal tender. The current exchange rates are not in sync with these aspects and so there is a good chance in the future that the prices may move up. But right now it is difficult to say how long that is going to take.