aoluain
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July 21, 2021, 04:50:50 AM |
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I'm now all in BTC and haven't sold a bit since 2013. I have a few Litecoins left somewhere but too few to mention.
I know putting all eggs in one basket is not very wise but I don't feel like investing in anything else right now. Is this a risky move? Maybe yes, maybe not.
I plan HODLing more, might sell a small percentage around November when odds say BTC might boost like crazy.
What's your plan?
Sorry to bother asking this but Am just Curious , you created this thread last May when the value of Bitcoin climbed Up more than 60,000 Dollars . have not you tempted to Sell ? and at least have opportunity to buy again when the price dumps like what's the value now? So instead of Holding 1 Bitcoin is now going to be more than 2 bitcoins because of more than 50% discount? Well it is yours but i'm just curious about how we wanted to handle our investments and how we wanted to earn or maybe at some ways lose . Not everyone is trading Bitcoin on a daily basis, myself included. We are not watching or are able to read technical charts to have an indication how the market moves. We are confident in the long term increase which Bitcoin promises. I'm sure there are plenty of traders who have been able to make the right call and sold high to buy low. I bought Bitcoin last week thinking it was a good time to buy (which it was) but I could have held out for today. The main thing is that I havent lost anything over the last few months, if I had 1 BTC in early April at the ATH and didnt sell I still have 1 BTC today.
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romero121
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July 21, 2021, 05:18:11 AM |
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I don't know whether you sold a little during the month of November or not, but if you haven't sold during the peak days of the ongoing year you've missed a big bumper hit. I've mentioned this, because OP has the plan to sell a small percentage of his holding. Right now the market have reached the peak and has now crawling downwards with periodic bullish move. Considering the present market going all in one is good choice, because the altcoins that depend much on bitcoin could move on either way in no time.
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TangentC
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July 21, 2021, 05:59:51 AM |
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The main thing is that I havent lost anything over the last few months, if I had 1BTC in early April at the ATH and didnt sell I still have 1BTC today.
You lost the ability to sell your 1 BTC at ~$60K. Now if in 5 years BTC does return to ~$60K, and you sell it, you still lost the value it could have given you for 5 years. So the idea , you lost nothing is wrong, at best you lost time, at worst you lost the money. People claiming BTC is guaranteed to keep going up, ask them to put it in writing, and watch them backpedal.FYI: People are really going to freak out when BTC drops below $13K in ~7 months.
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v3liana
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July 21, 2021, 06:39:16 AM Last edit: July 22, 2021, 11:02:55 AM by v3liana |
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Depends on you bruh, if you think you're doing the right thing then you can just do it.
I personally prefer to split my investment, and i'm very impressed if you're really hold your coin since 2013, i can call you Mr Diamond Hand then.
I've been invested on bitcoin since 2017 and untill now i can't hold all of my investment, i keep selling partially when the price rise more than 2 or 3 times.
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virtualdn (OP)
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July 21, 2021, 06:41:52 AM |
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For the latest people questioning, I haven't sold anything during the peak, actually I haven't sold a single satoshi ever.
BTC in the xx,xxx range is pennies and it would be a very dumb move to sell now. I do plan to sell a small amount when BTC will enter the xxx,xxx range, but I'm also very patient about it.
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1 BTC = 1 BTC
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slaman29
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July 21, 2021, 06:51:41 AM |
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For the latest people questioning, I haven't sold anything during the peak, actually I haven't sold a single satoshi ever.
BTC in the xx,xxx range is pennies and it would be a very dumb move to sell now. I do plan to sell a small amount when BTC will enter the xxx,xxx range, but I'm also very patient about it.
Well done to you! But I am still selling my BTC whenever I need, which is what I have to do anyway as I don't buy, rather I earn, so it's actually hodling as much as possible and selling what I need but I have to admit, I'm trying to sell as little as possible, and I sold a bit more than I normally did during the peak:) If you're a holder though I agree, anything now and between the peak isn't much of a difference. xxx,xxx range, we are coming.
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Hendra gunawan
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July 21, 2021, 07:01:39 AM |
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For the latest people questioning, I haven't sold anything during the peak, actually I haven't sold a single satoshi ever.
BTC in the xx,xxx range is pennies and it would be a very dumb move to sell now. I do plan to sell a small amount when BTC will enter the xxx,xxx range, but I'm also very patient about it.
yeah. I also believe in bitcoin for the long term, I believe bitcoin will reach the price of 100k. Because so far Bitcoin has reached its all-time high many times. The important thing is that we have to be patient and don't panic when there is a correction.
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Shenzou
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July 21, 2021, 07:47:42 AM |
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I personally feel the same when it comes to investing in crypto, i know that you might be able to make some profit from investing in altcoins but most of them really require you to be always up to date with what is happening otherwise your investment would go down and you won't make any profit from it, bitcoin on the other hand is more safe and investing in it is easy especially if you are planning for a long term investment where you just buy it and just wait.
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July 21, 2021, 08:14:49 AM |
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I can't blame you there, maybe because of the amount of altcoins now you don't even know where and where else to invest. It's better to put everything in BTC than others that aren't even among the top coins. But what exactly will you decide in the next four months? Will you continue to sell it regardless of the low value or will you keep holding on until it reaches 6 digits?
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ivankoh
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July 21, 2021, 08:45:36 AM |
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Most of us choose to diversify our stack. It is a learned way to manage the risks of the highly volatile nature of the crypto market. But not every time we do so, we will have the maximum profit. In certain cases, it can be calculated that, between swapping most for BTC is a lucidity. when the extent and scope of regional activity for bitcoin is greater. Market movement is a mix, it's better to diversify.
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peter0425
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July 21, 2021, 08:52:46 AM |
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I don't know whether you sold a little during the month of November or not, but if you haven't sold during the peak days of the ongoing year you've missed a big bumper hit. I've mentioned this, because OP has the plan to sell a small percentage of his holding. Right now the market have reached the peak and has now crawling downwards with periodic bullish move. Considering the present market going all in one is good choice, because the altcoins that depend much on bitcoin could move on either way in no time.
The thread created just last May 2021 mate and looking at that He already experienced the ATH of bitcoin that's why it is questionable if he did not sell on that day or he continues holding. I can't blame you there, maybe because of the amount of altcoins now you don't even know where and where else to invest. It's better to put everything in BTC than others that aren't even among the top coins. But what exactly will you decide in the next four months? Will you continue to sell it regardless of the low value or will you keep holding on until it reaches 6 digits?
if you will read the Main thread mate , you will find His trust and support for the Bitcoin and that is His belief and reason why he does that.
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aarif123
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July 21, 2021, 08:55:04 AM |
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I think you are doing the right thing by putting all of your money in bitcoin because as we all know that altcoins are so risky many projects hacked last month so in that case we should always put money where there is some security of our funds like bitcoin and ethereum.
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molsewid
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July 21, 2021, 10:01:13 AM Last edit: July 21, 2021, 11:01:21 AM by molsewid |
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For the latest people questioning, I haven't sold anything during the peak, actually I haven't sold a single satoshi ever.
BTC in the xx,xxx range is pennies and it would be a very dumb move to sell now. I do plan to sell a small amount when BTC will enter the xxx,xxx range, but I'm also very patient about it.
You really have a great vision on Bitcoin mate and I think there's nothing wrong with it. In fact this token is a very promising token that may give you a great profit when you really know how to handle it properly. There is also nothing wrong by putting all your eggs in one basket as long as you know the risk. Bitcoin is a promising token that worth to hodl for a long term and for sure you're patience mate will be totally worth it and were very much positive that bitcoin will having a great comeback before the year ends.
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thirdprize
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July 21, 2021, 10:46:58 AM |
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Of course if you had sold in may you could have brought twice as many bitcoin back at the current price. Who is so clever now?
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Sirait
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July 21, 2021, 10:58:55 AM |
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I'm now all in BTC and haven't sold a bit since 2013. I have a few Litecoins left somewhere but too few to mention.
I know putting all eggs in one basket is not very wise but I don't feel like investing in anything else right now. Is this a risky move? Maybe yes, maybe not.
I plan HODLing more, might sell a small percentage around November when odds say BTC might boost like crazy.
What's your plan?
I really still think putting all my money in Bitcoin is still a risk. I have some BTC as a long-term investment but also prepare fiat savings to take care of emergency things, let's invest with our own risk.
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btc78
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July 21, 2021, 11:02:20 AM |
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I'm now all in BTC and haven't sold a bit since 2013. I have a few Litecoins left somewhere but too few to mention.
I know putting all eggs in one basket is not very wise but I don't feel like investing in anything else right now. Is this a risky move? Maybe yes, maybe not.
I plan HODLing more, might sell a small percentage around November when odds say BTC might boost like crazy.
What's your plan?
Thats the attitude man , this is what we Need in our time now to Keep supporting Bitcoin while the market is still in hard development . There are many players now that tries to buy and sell at all cost but they don't even bother to Keep HODLING in which things that we use to do since the beginning but now that market had already make some ups and downs , people are now making this as a money making market and not the community we use to know from the past.
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bandungan
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July 21, 2021, 12:46:19 PM |
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I'm now all in BTC and haven't sold a bit since 2013. I have a few Litecoins left somewhere but too few to mention.
I know putting all eggs in one basket is not very wise but I don't feel like investing in anything else right now. Is this a risky move? Maybe yes, maybe not.
I plan HODLing more, might sell a small percentage around November when odds say BTC might boost like crazy.
What's your plan?
wow impressive you've been holding since 2013 and so far haven't sold. I think by now maybe you have become crazy rich. You may need to enjoy your hold by selling a few bitcoins from your profits and going on vacation. but if you have the desire to hold long-term maybe you can make it an option and you don't choose the wrong coin because bitcoin is the best coin
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CryptoStar19
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July 21, 2021, 12:48:45 PM |
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Typically "all eggs in one basket" may not be a great idea, but considering it is BTC you are talking about (versus any other crypto asset out there) I am confident you are going to be OK --actually far above just OK in time. :-)
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ChiBitCTy
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July 21, 2021, 01:43:22 PM |
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As someone who works in finance this is pretty hard for me to see. Your instincts are correct, putting all your eggs in one basket is certainly NOT a good idea. There is simply no guarantee that bitcoin will end up being a huge success and skyrocket or "moon", so this is why it's imperative to be well diversified. But, I do commend you for knowing your risks and knowing that you could end up down massively , or , you could end up rich af lol, lets hope it's the latter.
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Argoo
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July 21, 2021, 04:02:14 PM |
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No matter how good and promising the cryptocurrency may seem, in any case, you should not invest your investments in only one type of cryptocurrency. This also applies to bitcoin. Even if we are confident in the reliability of bitcoin, we cannot predict the possible further reaction of states in relation to it. There may be other reasons because of which the first cryptocurrency can fall sharply and for a long time in price. Therefore, it is better not to violate the general investment rules that are inherent in any market.
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