Should I sell or hold on my bitcoin?

[kramat]

My advice is. If price will be increase that time hold the bitcoins. Don't sell it. Just hold the bitcoins long time. Bitcoin price is going down that time buy and hold it. Check the market price every day. Then get some ideas for future investment. Time is important of the bitcoins investment. So time to buy and sell it bitcoin.

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[Latviand]

It's actually quite simple. Are you satisfied with your profits, or are you still not benefiting from the bitcoins you have.
Don't trust other people when that person suggests selling your bitcoins for a small loss, that's really stupid advice.
You can sell it when you get a profit.
Whatever it is you have to make a target, if it still hasn't reached the target you have to hold it, but when you feel it is enough to sell it.
Don't sell at a loss.

This is what it is, don't let other people affect your decisions in an investment.

You're a grown man and you should know how to help yourself, you can have different opinions but think about yourself.

If you know that it is not worth it to sell then go, if it is profitable for you then go.

But always remember that you are accountable about the actions that you are going to do.

Always have a certain target where you are comfortable, confident, and contented when you make profits, focus on your goal.

[Pamadar]

If you hold a large portion of bitcoin, maybe you can devided it as an option if you have faith in bitcoin and don't want to lose the opportunity in the stocks you want. This morning I saw the news released from Bloomberg that bitcoin might hit $50k in the future, who knows of course that's just a speculation

I agree to that, if you don't want to lose that opportunities then holding is the best option.

While if you also trying to trade up and working to grow your assets, you can follow your patterns in order to succeed with your goals.
Many people are still optimistic believing that Bitcoin will bring a good bounce and reach another high.

[Distinctin]

Evaluate your purpose again, if I'm not mistaken, you buy bitcoin so you can sell it high for profit, it should not changed. If the current price does not give you a profit, why sell? bitcoin price will not be stuck, it maybe dump a bit or big time, but it's likely to rise again based on its development and you can also see on its price history.

Always remember that the longer bitcoin exist, the higher its value will become, and that is because of the continues adoption.

[willsey89]

Never trust different people to make decisions that you have to make on your own.

[Oasisman]

So, can anyone please tell me if I should dump my bitcoins with some losses (selling at lesser price than the buying price), or should I hold on to it?

Dumping your Btc at this current rate is kinda absurd.
Honestly, no matter how hard you find answers over the internet, you'll never ever get a satisfactorily good answer to your queries because you're becoming one of the weak hands in crypto space. You're lossing faith with Btc because the price seems stabilizing this week and may fall anytime. Well, Btc didn't reach $40,000 over night anyway.

There is also another reason. A promising stock just opened up. So should I sell my bitcoins and but the new stock that I'm interested in?

I'm pretty sure Bitcoin is more promising than that in the long run. I might sound bias, but that's the reality.
But the decision is always yours, just always remember, Invest only what you can afford to lose.

[kkaroul4]

It's up to you whatever you see fit as long as you wouldn't regret on your decision, honestly you should not be seeking advice to the forum many people might give you bad advice you should really think first before following other's advice.

[blckhawk]

Hi Everyone, I have a dilemma since I am holding an wholesome portion of bitcoin. With all the speculation going on in the market I don't know whether to sell or hold on my bitcoin. I've been wanting for more than a week to see if bitcoin's price improves, but it is only falling more and more.

I've gone through dozens of analysts' blogs, websites, market cap sites, price prediction sites, and all the important bitcoin market sites to find the right answer. But I am still unsure.

So, can anyone please tell me if I should dump my bitcoins with some losses (selling at lesser price than the buying price), or should I hold on to it?

There is also another reason. A promising stock just opened up. So should I sell my bitcoins and but the new stock that I'm interested in?

Viketo Sumi (Armani123)

Well, that depends on you though like if you believe that it is worth waiting and take the risk then go hold it. If you think you don't need that money for something else then go for it otherwise sell. Personally, I don't think is done, it may be quite stable right now, hovering around $31k-$32k but I don't think whales are ready to make a profit yet and I think they are going to push it more that is why in my case I will keep holding it. Dumping it right now might be a bad idea but if Bitcoin totally goes down and you forced to sell on that price it is even worse so yeah it is a dilemma. You can wait till goes up but it might take a lot of time though. Anyway, it's still your call.

[abel1337]

It will all depend on you, We can't be sure if bitcoin will reach your buying price this week, month, or year. Who knows right? There are so many speculations on the internet about bitcoin and the only thing I can suggest to you is to try to analyze how the market reacts today. If you know that the money that you will get from selling bitcoin will help you or you know that you can make it grow in a different way, Maybe you can take the loss instead. This is the time that you will ask yourself if you can hold off your bitcoin for a long period of time. There are many people who sell on a loss price in 2017-2018 that has regret selling them seeing the price today. So just trust yourself on this important decision.

[bitzizzix]

If you sell at an unprofitable situation or sell below your first purchase price, I think you are wrong, and everyone will buy when the price is low and selling when the price is high and profitable is the right choice, and forget about your target to rely on profits in a week.
Better to hold your bitcoin if you don't need it and hold it for a long time and wait for the price to rise high above the price you originally bought it for.
rest assured that bitcoin will bring you huge returns if you are patient and consistent despite the long wait.

[2double0]

You're just behaving like that person who bought 2 pizzas for 10k btc and he has nothing left but regrets only. Money doesn't come overnight, if you are here for that, go buy Defi or some shitcoin because btc has gone mainstream and it will take time for it to grow. It is not some penny stock that's worth $0.01 yesterday and $10 today (though btc used to be like that in its early days). If you cannot hold, then sorry, but Bitcoin will never suit your appetite.

[mardaed]

Evaluate your purpose again, if I'm not mistaken, you buy bitcoin so you can sell it high for profit, it should not changed. If the current price does not give you a profit, why sell? bitcoin price will not be stuck, it maybe dump a bit or big time, but it's likely to rise again based on its development and you can also see on its price history.

Always remember that the longer bitcoin exist, the higher its value will become, and that is because of the continues adoption.

That is true. Do not waste what you have started and effort to put into because of the doubts and other people’s opinion. Focus on your target and strengthen your faith so you won’t be easily shaken with this downward movement of the market happening right now. Also, as the other have said, you could try dividing your coins to give a try to that other prospect of yours. But then again, do not sell if there is no profit.

[CryptopreneurBrainboss]

It's up to you whatever you see fit as long as you wouldn't regret on your decision, honestly you should not be seeking advice to the forum many people might give you bad advice you should really think first before following other's advice.

Exactly and not just because the idea would be bad but some idea aren't meant for everyone. Like they can be saying the right thing but for that particular user it meant not be the best decision for him at that very moment. A perfect example is in a scenario when you advice someone to hold but that users isn't high on cash and meant get tempted to sell when he needs cash but by then the price would be trading below his target sell price.

Everything boils down to what the users needs cash for at th very moment he weeks for the advice, if you are selling because you need asome cash then your decision can be understandable but if you're selling because you want to outsmart the market and buy low, it's better you just hold as the bull market is very unpredictable. You meant think a correction is about to happen then suddenly the price spike

[Lavander]

Here is my genuine answer to your question. You should continue to hold your bitcoin even if the bitcoin price is starting to drop base on your observation. If you are asking why, then the best answer to it is because bitcoin price is not yet at it's peak meaning there is still a room for the bitcoin price to increase.

Decrease is only natural as it is how the market works but if you think that buying the promising stocks will surely to give you a good amount of profit rather than holding your bitcoins then you should sell your bitcoin right away and proceed in buying the stocks that you consider as promising but make sure that you will not regret your decision in the end so think twice before making a decision.

[hahay]

When you have searched many sources to make a decision but you are still not sure, it seems like you are still confident to hold on to it and I think just continue it. Because you are hesitant to sell and also hesitant to hold, if I were you then I would hold on to it for the long term or sell it immediately and forget about losses. Control is only in you because it is an investment that you do yourself with your own calculations, so selling at a loss or holding on to it should all be carefully calculated and you must be prepared for bad decisions that may be made. Because if we talk about how potential bitcoin price is in the future, then I believe the answer is that it will go higher but to achieve that of course it will not be easy.

[Shasha80]

Depending on the original purpose of buying Bitcoin for short-term or long-term, if indeed from the beginning we bought Bitcoin for long-term
investment, of course choosing HODL until the next few years according to the desired target is achieved. However, if you buy Bitcoin just to get
a profit, I recommend selling your Bitcoin immediately if it has managed to go up. Even though the profit you get is small, it doesn't matter,
because you will buy Bitcoin again and sell it again when the price goes up again. You can do that every day, because Bitcoin price is volatile.

[Hypnosis00]

Depending on the original purpose of buying Bitcoin for short-term or long-term, if indeed from the beginning we bought Bitcoin for long-term
investment, of course choosing HODL until the next few years according to the desired target is achieved. However, if you buy Bitcoin just to get
a profit, I recommend selling your Bitcoin immediately if it has managed to go up. Even though the profit you get is small, it doesn't matter,
because you will buy Bitcoin again and sell it again when the price goes up again. You can do that every day, because Bitcoin price is volatile.

That also a thing to consider but for me, I'm doing both, and I look at the market movement.
Selling- it matters when we certainly in need of money( but try to separate money for trading and for personal use)
Holding- it matters on the market situation (mostly it happens when the market is in the bearish season)

Our goal is to earn more, become profitable. Selling at a good price, holding waiting for a better price.

[sheenshane]

Our goal is to earn more, become profitable. Selling at a good price, holding waiting for a better price.

That's a perfect mindset upon having Bitcoin, we are here to gain more upon investing in Bitcoin not just losing profit.  Just wait a perfect time and sell at a good price.  This is the reason why we always say, invest of what you can afford because in investing in crypto there's no time frame when you will get profit on it.  You will not earn in just a couple of days hoping that your profit was there, long term investment is far better than short term investment.

So the OP question is, should I sell my bitcoin?
One straight question, is your profit was there? If so, then that is the right time to sell but if you can wait for more for I said the perfect time much better.

[Yatsan]

If you see yourself that you cannot afford to see the declination on the value of Bitcoin once you hold it, better sell it for your own good but if you see that you can endure taking temporary loss due to price declination, then better hold for it. It will be an assessment on yourself on how far can you go so better mind your own and do not be dependent on other people's opinion and speculations for we have different stands regarding the matter. Better just see to it that you will be the one benefitting on the decision you will make because it is your own Bitcoin and not ours.

[boty]

bitcoin very suitable for long term investment, dont be affraid if we meet high volatility in market. whales always want to take bitcoin cheaply bu spreading fud. so if we want maximal gain , maybe hold it till end of year will make our investment value increase alot.but if we have different strategy but used it for daily trading , it could increase bitcoin amount.