Should I sell or hold on my bitcoin?

[ubercool]

I feel by this time you will know what you would lose if you sell BTC in the short term. I give the same suggestion to anyone who's asking me this question.
Do you have a need for money or you just wanna sell BTC and hold cash..? If you are just going to hold the currency then better keep it in Bitcoin. The price will go up eventually regardless of what the price is right now.. So make a strong decision and just go with it.

[ultrloa]

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)

After the investment in bitcoin by Elon Musk of $ 1.5 billion, bitcoin rose in price to $ 46,000, this is the only indicator that the increase is not artificial, you can at least consolidate your income on this hype and wait for its further growth.

That's right since by now we are at the peak so anytime the dump will trigger if this big whales like elon will start to dump up and want to accumulate more bitoins at lower rate. That's why if we cannot take the risk and doesn't know how to counter when there's a correction happen is to make sure to always secure the possible profit if we can sight some good changes in our positions.

[yohananaomi]

don't panic and don't worry bitcoin is only undergoing a brief correction. My advice is hold bitcoins and don't sell at low prices, because if you sell at low prices you will only get losses and disappointments

bitcoin has made another renewable ATH yesterday and corrections made so far are common. I really appreciate what you say that don't panic quickly to see the situation and movement of bitcoin. because bitcoin has often done that from last year even today. so it has become the work of bitcoin now it continues to move up and down.

true, don't sell when the bitcoin price drops because it will bring losses, it's better to hold on to it because bicoin will increase again. so it needs a strong belief in dealing with situations like today with bitcoin behavior.

[passwordnow]

The price of bitcoin is steadily rising at the moment. I think for those who have bought bitcoin, it is necessary to hold bitcoins because if you hold bitcoins, I can expect bitcoin to go above 50,000 $.  Then it may be more profitable for you so I think it would be very good for us to hold bitcoin

$50k seems easy to be reached within a few days or a week or so. That target will easily be met very soon. Holders will always win for bitcoin but I'm not sure for most altcoins. And there are holders who are thinking of selling their bitcoin for altcoins because they see that it's more pumping lately. But with that decision, it will determine their confidence because in bitcoin, you don't have to put that much pressure and effort by easily holding it.

[Evgenklm]

To date, bitcoin is confidently on its feet and shows good growth dynamics, for me, earlier forecasts for bitcoin of $ 100 thousand were not real, now that bitcoin is worth $ 45 thousand today, now I do not think so, I would hold bitcoin, it will still pleasantly surprise us.

[isaac_clarke22]

~

You won't find answers to everyone you sourced out because it is entirely up to the trader if the profit is at the "okay" rate now.
You're the one who gets to decide.
Needing money right now? I am sure that you're not gonna let BTC in your wallet right now and consider selling.
If you need it, don't hold it.
That's why people tend to hammer out the idea that you should invest the one worth losing.

[ven7net]

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)

As far as I can see, BTC has already shown excellent growth, and probably if you bought BTC earlier, then if you sell it now, you will get an excellent profit. However, you point out that if you sell it now, then you will be at a loss, it turns out that you bought it quite recently? If so, then you definitely need to keep your BTC and by the summer you will see how it will show a new height. My opinion is that if you buy BTC, you should immediately decide at what price you will sell it. This will help you create a goal for yourself and move towards it.

[so98nn]

You will get more into dilemma as people keep on adding their own comments or thoughts about it. The thing is everyone will have their own opinion. For example I am completely positive about Bitcoin future and since the first day it has shown upward momentum with little drops in between. So I have actually decided to keep on depositing more and more bitcoin so that I can have highest possible returns from it. This may not be your strength and you may fear of missing out the higher values and sell. I think you should go as per your needs and visions regarding finances plus bitcoin.

[gazilla]

Unless you need the money now, I think nobody should sell the Bitcoin, particularly this year when the exposure is at its highest

[jasonjm]

Looking at the current market situations and involvement of institutes and companies I think it is better to hold on to your BTC for now as there are speculation about BTC breaking $50k barrier in coming weeks. So if you don't need money for an emergency situation (God forbid) then do not sell your BTC.

[AicecreaME]

If you did hodl your Bitcoin since the time you posted this thread of yours, for sure you've earned a lot of profits by now because Bitcoin skyrocketed again after Tesla bought Bitcoin worth of $1.5 billion of it. Bitcoin is the king of all coins when it comes to holding because of its huge volatility compare to other coins in the market. The only problem with other people who invested in Bitcoin and hold it is that they don't have patient and trust to Bitcoin.

In short, once the market enter the bear market after a huge pump creating a huge FOMO, people will start to panic because they will start to think that it is a scam already and they will start to lose their profits resulting to a sudden selling of their Bitcoin, which is technically a lose of profit already.

[randegibran]

Looking at the current market situations and involvement of institutes and companies I think it is better to hold to your BTC for now as there are speculation about BTC breaking $50k barrier in coming weeks. So if you don't need money for an emergency situation (God forbid) then do not sell your BTC.

Will bitcoin raise above $50,000 looking with current market situations and many positive news every day with adopted bitcoin as legal currency transaction payment in company. Now holder bitcoin are coming not only from investor as individual but also many bigger company wanna make celebrate happy with bitcoin as good investment assets for the future,

[noormcs5]

Looking at the current market situations and involvement of institutes and companies I think it is better to hold to your BTC for now as there are speculation about BTC breaking $50k barrier in coming weeks. So if you don't need money for an emergency situation (God forbid) then do not sell your BTC.

Will bitcoin raise above $50,000 looking with current market situations and many positive news every day with adopted bitcoin as legal currency transaction payment in company. Now holder bitcoin are coming not only from investor as individual but also many bigger company wanna make celebrate happy with bitcoin as good investment assets for the future,

Those who will sell bitcoin now, will feel themselves very unlucky when bitcoin will reach 70-80K and more. If anyone did not have any need to cash out urgently, he should not think of selling his coins.
What's the point of selling bitcoin when big companies like Tesla are buying bitcoins.

[Inkdatar]

Why sell now? If you look at the current market situation there is a huge potential that price will reach more than $50k. The adoption is growing and there is a large institution also supported and invest in bitcoin. If you are not in a rush holding bitcoin is a wise decision. But, still, a reminder that in this market price is volatile so you also have to remember the risks.

[DarkDays]

It is not a good decision to sell at this time. The price of bitcoin is growing so fast and it will be increasing such way. You should strong hold your bitcoin to earn huge profit. At least wait 2021 for a good profit from your bitcoin.

I agree. This is not the time to sell (maybe buy but not sell BTC) it seems that Tesla has set the trend for companies to join in. This is what the market today has reached yet a new ATH. Instead of selling, try to keep an eye on the market so that you catch a good 'tip of the iceburg' that way you can ensure close to maximum profit.

[FIFA worldcup]

It is not a good decision to sell at this time. The price of bitcoin is growing so fast and it will be increasing such way. You should strong hold your bitcoin to earn huge profit. At least wait 2021 for a good profit from your bitcoin.

I agree. This is not the time to sell (maybe buy but not sell BTC) it seems that Tesla has set the trend for companies to join in. This is what the market today has reached yet a new ATH. Instead of selling, try to keep an eye on the market so that you catch a good 'tip of the iceburg' that way you can ensure close to maximum profit.

I hope that after Tesla we may see many other institutions interested in buying bitcoin and this time there is an institutional fomo rather than the retail fomo. Since the purchasing power of institutes is far more than retail investors, we may see bitcoin price rising to new heights in very small amount of time.

[SirLancelot]

I have a friend who does daily trading and he buys and sells almost at any price, doesn't mean that he doesn't think bitcoin won't reach 100k, he just believes that instead of buying and waiting for it to go up, he might as well buy/sell everyday constantly and make even more money than someone who just buys and sells. Sometimes they make more money that way and sometimes they make less money that way, it doesn't really matter because they are not selling it with the hopes that price would go down.

If you do not have a plan to invest into something else or have any reason to spend that money, I think you should hold it in bitcoin, in fact you should probably build a portfolio and not just bitcoin only. I personally believe that bitcoin is great and I will not get out of crypto unless I have a better idea, but the reality is that if I could get out and find something much better to invest into, I would probably do that.

I have a business idea in my mind that I want to build, but I want to have at least 2 years of salary in my pocket, so that when I start, I will be capable of paying everything (even unexpected costs) for the business and also have 2 years of salary in my pocket to start, if I do that, after 2 years if the idea failed I would still go back to working. I won't quit before that, and I think this will take another 10 years at least.

[xenophilya]

Personally I see bitcoin as a form of investment, You have host of options you can sell and use the money to do something else (As a bitcoin evangelist I strongly advise against that), you can keep your bitcoin and watch it grow more like the way you would buy amazon or tesla stock and hold till it rise then sell. Lastly you can trade with it.(If you are not an experienced trader don't try it, you bitcoin will disappear in an instant.). My advice would be to keep your bitcoin and watch as it moons hopefully by then you will become a millionaires hopefully. (Remember to invest what you can afford)

[Btc_1856]

It is not a good decision to sell at this time. The price of bitcoin is growing so fast and it will be increasing such way. You should strong hold your bitcoin to earn huge profit. At least wait 2021 for a good profit from your bitcoin.

I agree. This is not the time to sell (maybe buy but not sell BTC) it seems that Tesla has set the trend for companies to join in. This is what the market today has reached yet a new ATH. Instead of selling, try to keep an eye on the market so that you catch a good 'tip of the iceburg' that way you can ensure close to maximum profit.

I hope that after Tesla we may see many other institutions interested in buying bitcoin and this time there is an institutional fomo rather than the retail fomo. Since the purchasing power of institutes is far more than retail investors, we may see bitcoin price rising to new heights in very small amount of time.

What you said is right, we are seeing some excellent opportunity for the people who bought the Bitcoin at the early stages because most of the richest men entering. Instead of selling it lower value better hold it for the long term because many Institutional investors will enter into the crypto market in the coming days.

[MWesterweele]

I hope that after Tesla we may see many other institutions interested in buying bitcoin and this time there is an institutional fomo rather than the retail fomo. Since the purchasing power of institutes is far more than retail investors, we may see bitcoin price rising to new heights in very small amount of time.

I do hope also that after Tesla's company decision to enter the world of cryptocurrency it may attract also some good and big company to invest in it too. But let's get back to the OP's thread, if i were you as long as you didn't need that money better to keep your bitcoin at safe either you choose to keep it in a long term investment or hodl it. I'd still looking a positive outcome for the bitcoin market. It maybe undergo some price correction but i guess this time it wouldn't dump its value like before.