Something to consider when selling your BTC...

[Poker Player]

Why should you care who holds Bitcoin - institutions, whales, or average people?

I was going to say this.

In other words do not give everything to the big whales and try to remain in this select club because once you do it you may not be able to take them back. You may think you can but most probably you won't.

I see many people worried about the big whales nowadays but let's not forget that they are playing an important role in the rise in price. If Bitcoin ever gets and surpassed $1M they have will played an important role. Not everything is bad about them.

I am more worried about my bitcoin plan than about them.

[hatshepsut93]

ive been selling into this latest bull run, many of us have and do sell on these bull runs.. and with no intention of trying to buy back lower although it happens sometimes. dont ever forget to pull some profit when the good times are rolling.

Right, money isn't just for hoarding, it's for spending too, and with this bull run a lot of people can use their new wealth to achieve some of their goals, like buying a house, a car, taking a trip, even just buying a new phone.

Also, everyone is forgetting that Bitcoin is a high-risk investment, so it can make sense to sell a portion of your BTC and invest in something less profitable but more reliable - this way instead of checking the price every 20 minutes and worrying if it will crash or not, you can be making guaranteed profits.

[panganib999]

Some of the bitcoin holders were on a panic selling because bitcoin is getting more and more higher value than we expect from previous years of its existence. Those who have their own bitcoin on their wallet should spend wisely from time to time so that they can still use bitcoin in the future with a great amount since the last BTC will be mined in 2140.

ive been selling into this latest bull run, many of us have and do sell on these bull runs.. and with no intention of trying to buy back lower although it happens sometimes. dont ever forget to pull some profit when the good times are rolling.

its a balancing game, long term btc vs fiat for near term. just be aware you most certainly will have another bear season. dont get stuck selling btc at a horrible price if something unexpected is needed and you need to pull from your reserve stack.

personally however i think this party is just getting started.

Actually it is the idea of the trading we need to consider in selling our bitcoin because we all know that all of us are working because we need to earn money or make profits for our daily needs. I think as this user stated and you will also hear this idea of selling in others. They all sold their bitcoin in the highest price like in the all time high as much as possible because in that case, they can earn a lot more bigger than their expected income or value of their bitcoin. And sometimes there are instances that when they sold their part is that it will continue to raise the price and they will have some regrets, right? But for me, I can say that it is okay because profit is profit and many people have difficulties in earning profits and we all know that we are all lucky that we have some bitcoin.

[decodx]

The number of companies and institutions owning BTC will get larger and larger and the number of people holding a nice amount of BTC will get smaller and smaller.
In other words do not give everything to the big whales and try to remain in this select club because once you do it you may not be able to take them back. You may think you can but most probably you won't.

With the price of BTCitcoin moving higher it is hard for any normal citizen even with upper middle class salary will be able to invest for an entire BTCitcoin and only the rich and institutional investors can afford to acquire an entire BTCitcoin and it is not a big surprise, if you were smart enough to invest when the price was low then you could have made a fortune and the coins once sold at lower valuation is gone forever as you cannot expect the price to be below $5000 even during a bear run.

And why would it be so important to own the whole bitcoin?
If you want to invest in gold, would you always buy a whole kilo (currently about the same value as 1 BTC)?

[MWesterweele]

Right, money isn't just for hoarding, it's for spending too, and with this bull run a lot of people can use their new wealth to achieve some of their goals, like buying a house, a car, taking a trip, even just buying a new phone.

Also, everyone is forgetting that Bitcoin is a high-risk investment, so it can make sense to sell a portion of your BTC and invest in something less profitable but more reliable - this way instead of checking the price every 20 minutes and worrying if it will crash or not, you can be making guaranteed profits.

Everyone are aiming to get a proper or much better a higher profit in selling bitcoin. But we can't deny that the demand of bitcoin today gets high and as long as the huge personality of rich man in the world are keeping on promoted which every member of the society are wanted for bitcoin to be known by a lot of people and became a business method of payment, salary and so on. But for me this time isn't a perfect timing to sold bitcoin. If you can still handle your family need dont ever touching or selling your bitcoin or it os better to keep it on your wallet

[Oshosondy]

The answer is easy as I said before. Cash out if you really need the money to buy a car or a house or something else of higher importance. Don't cash out to keep them in the bank. Those money are doomed to inflation.

This is a nice statement, those that hold since 2019 are not gainers, while those that have their money in banks would have lost to inflation because the price would have reduced, what fiat can do this year, more will be needed to do it next year, I do not know other countries, but it is like that in my country, Fiat is the most deceiving inflationary currency have ever known.

[Asuspawer09]

The number of companies and institutions owning BTC will get larger and larger and the number of people holding a nice amount of BTC will get smaller and smaller.

In other words do not give everything to the big whales and try to remain in this select club because once you do it you may not be able to take them back. You may think you can but most probably you won't.

The last BTC will be mined in 2140. This coin is here to stay for you and your kids and your grandsons. Don't get too emotional by the price fluctuations, don't have weak hands and never get greedy

When tesla announces the bitcoin investment we see how it affects the market, and we could expect more of that if giants companies also invested in bitcoin.

Something like Apple investing in bitcoin could easily pump the market price of bitcoin up to a 100k$ range, we could imagine like Microsoft, Walmart, etc. would invest and try to adopt as well in bitcoin.

Bitcoin is still in the process of growth and development, for now, it's always a HODL when you buy bitcoin because we could always expect the price to pump at some point.

[vintages]

In some ways, whales are also important for the growth of Bitcoin, though to some extent. We shouldn't make it sound as if Bitcoin is made specifically for some people, it is for everyone.
The only thing we should consider is that whales shouldn't influence others on their decision of whether to purchase any cryptocurrency or not to.

[molsewid]

In other words do not give everything to the big whales and try to remain in this select club because once you do it you may not be able to take them back. You may think you can but most probably you won't.

I see many people worried about the big whales nowadays but let's not forget that they are playing an important role in the rise in price. If Bitcoin ever gets and surpassed $1M they have will played an important role. Not everything is bad about them.

I am more worried about my bitcoin plan than about them.

As i also believe so, i am thinking also does bitcoin will come to a point that it would have a scarcity in a supply of a cryptocoin and does it is limited to certain number only? But i didn't came to a conclusion that i would blame the whales, institutions or average people who are now owning a large number of bitcoin because it is true that they are the reason for the big price hike of bitcoin. Though we are also part of the reason for a good market value of bitcoin but the positive fluctuations of bitcoin can ne related to them the big whales who trusted to invest a much capital to bitcoin.

[Ryker1]

Well, be contented if you get profit like 10x fold, that is something I consider when I selling my bitcoin and it does not matter if there is a whale or not who is playing the market. How lucky you are if you had held in that long a gained too much profit, there is no point to be much greedy at all. The risk is there when you have bought during this bull run, but as I said when your profit was there don't hesitate to sell if you needed but if not, --just hold as much as you can. Because for me, you can store this for a long term and bitcoin always have a new ATH and selling when it comes a perfect time much better.

[ChronoGN]

It doesn't hurt to diversify though.
If your portfolio is getting too BTC heavy, you can sell some to rebalance into alt coins or stocks or whatever.
I believe in Bitcoin but I don't want 100% of my assets to be in BTC just incase something like cracking of SHA-256 happens.

[coolcoinz]

Some of the bitcoin holders were on a panic selling because bitcoin is getting more and more higher value than we expect from previous years of its existence. Those who have their own bitcoin on their wallet should spend wisely from time to time so that they can still use bitcoin in the future with a great amount since the last BTC will be mined in 2140.

ive been selling into this latest bull run, many of us have and do sell on these bull runs.. and with no intention of trying to buy back lower although it happens sometimes. dont ever forget to pull some profit when the good times are rolling.

its a balancing game, long term btc vs fiat for near term. just be aware you most certainly will have another bear season. dont get stuck selling btc at a horrible price if something unexpected is needed and you need to pull from your reserve stack.

personally however i think this party is just getting started.

It doesn't look like 60k is going to be the top. The price is creeping up too slow for it to be the end. Usually when it's about to pop it explodes and breaks down within a day. For instance, we had a small attempt to take profit today and everything got bought up instantly. The buyers are still very strong. Makes me think when the fear is going to start settling in. Maybe at 80k? Maybe at 100k? I have to say that I've been waiting 7 years to see a run like this one and it was so worth it.