I rather stay hungry than sell my Bitcoin

[dbc23]

It's really a tempting period for Bitcoin investors considering the constant dip we have been experiencing for a while. I was once adviced to sell my coin when I had an issue that needed money urgently but I objected it took me quite a long time to hodl and loosing them now isn't a healthy idea at all.

If I sell off my coin I might not be opportunied to buy back the coin at the exact rate I bought the previous one and had to come to a concrete decision of not selling my coin no matter the consequence. Yes it's going to be a different story if it turns out negative but what if it turns out positive. Vertually everything about life had two faces been the negative outcome or the positive there is hardly any in-between and so for me I rather take the risk and face what ever comes my way in the near future because risk is a necessity as far as investment is involved.

If it turns out positive certainly the joy would be all mine and certainly a portion of it would be rubbed on people around and if it turns out the opposite direction then I bear my loss alone. It's really my cross to bear and making this decision was out of a deep quite time I had while I was wondering if I go ahead to cash out or I maintain my hodl and from all indication I just have to maintain my hodl till I get my reward no matter the manner it would appear.

[1715110782]

1715110782

[BrewMaster]

the constant dip we have been experiencing for a while.

there hasn't been any dips for weeks. price just keeps going to $32k and comes back up to $34k. this is not called "constant dip".

as for selling, you always want to sell before the drop (meaning in $50k range) not after the drop ended and inside the dip.
it is not a bad idea to sell some bitcoin but timing is everything. for example selling in $30k range makes no sense!

[stompix]

I rather stay hungry than sell my Bitcoin

I would rather seek a job than going hungry rubbing my ledger like Gollum.

If I sell off my coin I might not be opportunied to buy back the coin at the exact rate I bought the previous one and had to come to a concrete decision of not selling my coin no matter the consequence.

Wait till you hear that one of those consequences is a form of cancer so you will need to sell your bits bitcoins at 1million/piece to get some 5-10 years more to live. Everyone is a hero when there is no real danger around.

[Yogee]

Diamond hands will rewarded in the long term but do not take hodling to the extreme and treat it as a matter between life and death. You don't buy it with money you are supposed to use for buying food to live hehe. Investing what you can afford to lose still applies to BTC. I hope you have other means of earning so you won't have to face a situation like that.

[NeuroticFish]

but I objected because e

Sorry, did you by chance translate this from somewhere?

Also, as said, the info about the price is inaccurate.


I want to add only one thing: one rule of investment is to put there money you can afford to lose. And this doesn't seem to be your case.
Keep in mind that the price may go high, but may also drop a lot before getting to new ATH. So you may "stay hungry" for very short or very long time.
Also keep in mind that you have only one life...

All in all, I will not advise anybody neither to HODL, nor to sell. Everybody should decide for himself with his own money. It's a risk in any move you do and it's you who has to acknowledge and take the risk.

[DarkDays]

the constant dip we have been experiencing for a while.

as for selling, you always want to sell before the drop (meaning in $50k range) not after the drop ended and inside the dip.
it is not a bad idea to sell some bitcoin but timing is everything. for example selling in $30k range makes no sense!

Obviously with any trading, timing is of the essence. Considering BTC trend fro the past month it does not make sense to sell when the change is so little. The fluctuations aren't as big as one would expect with the crush of a market following a clear bull run which is why some people aren't sure if this is the end of the bull run or not. Selling at this time might turn out to be quite disadvantageous.

[stompix]

but I objected because e

Sorry, did you by chance translate this from somewhere?
Also, as said, the info about the price is inaccurate.

Hmmm, posting gap from 2018, one of the last posts was actually this, a lot of his new ones are just quota posts so, yeah, definitely fishy.

Besides, I'm really getting tired of those semi-religious topics lately where everybody is giving advice like a priest, a wall of text with no substance. The same thing, traders don't panic, newbies be aware, lookout for opportunities, damn feels like I'm seeing ads from career coaches lately rather than topic titles.

[Review Master]

I just have to maintain my hodl till I get my reward no matter the manner it would appear.

Market can go lower quickly just like it pump to higher zone so fast. It's better to do other things for real life rather than staying hungry. Also it would be good for OP to do well research on TA/FA before buying bitcoin and invest only those amounts which can afford to lose as there is higher possibility of bear market in the upcoming months. But it's good to hodl bitcoin for longer period of time just by taking a look into overall chart of bitcoin from it's beginning. 

[dbc23]

the constant dip we have been experiencing for a while.

there hasn't been any dips for weeks. price just keeps going to $32k and comes back up to $34k. this is not called "constant dip".

as for selling, you always want to sell before the drop (meaning in $50k range) not after the drop ended and inside the dip.
it is not a bad idea to sell some bitcoin but timing is everything. for example selling in $30k range makes no sense!

Not really arguing with you but the price hasn't really been stable and for now we aren't sure if there is really a rally up we still need more confirmation and as such we still haven't recovered fully from the deep. Most investors bought their Bitcoin @$40 some lower than that and other people at a higher price so we need a total price stability to acertain that the bear moment is over

[yhiaali3]

This is a really difficult decision, but sometimes you have to choose between two things, the easiest of them is difficult, no one can stay hungry while having the option to sell some valuables, but at the same time selling bitcoin at this time may mean forfeiting a precious gem at the cheapest price.
No one can give advice on that because this varies from person to person, some people would rather starve to death than waste their valuables and others would rather give up some valuable things in order to find solutions to the difficult problems they suffer from, for me I will try my best to find alternative solutions But in case I had no other choice, it would be my decision to sell some bitcoin at a low price even though I knew I might regret it in the future.

[ropyu1978]

in a situation like this we have to find other ways to produce our daily needs, we must learn to support our families in other ways, because there are still many roads to Rome, don't sell what is already there, especially now considering the price of bitcoin is in a slump, if we sell it now, we most likely can't buy it back at a low price, maybe right now our patience is being tested.. round up your determination, stay on your feet, don't waver, every problem there must be a way out..

[Dhoe]

we are currently in a very difficult position, we are told to choose between 2 options, sell or keep, if we have another choice we will definitely keep our bitcoins, we will not sell bitcoins to whales, because if we have sold them at a low price, hard to buy back, but if there is no other choice maybe we will sell what little we have, for our family needs,

[100bitcoin]

Easier said than done.

[cotton ball]

this is a very difficult choice, on the one hand we have to meet the needs of our families, and on the other hand we have to defend our bitcoins, if we have a plot of land we better sell our plot of land for our family needs, and keep the bitcoin we have it, because we know that the price of land may not rise much within a year, but if the price of bitcoin goes up, we will most likely be able to buy back another garden, but if we sell bitcoin at a very cheap price, we certainly won't be able to. buy back bitcoin at the price we sold today..

[izsara]

would you rather be hungry? I think you are too naive here and expect too much bitcoin because for me I prefer to create or find a job that can be used as a livelihood for everyday life and put aside the bitcoins that I have while I can not disturb my assets, I will try my best.
and for the decline, things are currently experiencing less good things in btc because of some fud and negative news but I am very sure that bullishness will come soon and bitcoin will soar as before

[Shenzou]

It's really a tempting period for Bitcoin investors considering the constant dip we have been experiencing for a while. I was once adviced to sell my coin when I had an issue that needed money urgently but I objected it took me quite a long time to hodl and loosing them now isn't a healthy idea at all.

If I sell off my coin I might not be opportunied to buy back the coin at the exact rate I bought the previous one and had to come to a concrete decision of not selling my coin no matter the consequence. Yes it's going to be a different story if it turns out negative but what if it turns out positive. Vertually everything about life had two faces been the negative outcome or the positive there is hardly any in-between and so for me I rather take the risk and face what ever comes my way in the near future because risk is a necessity as far as investment is involved.

If it turns out positive certainly the joy would be all mine and certainly a portion of it would be rubbed on people around and if it turns out the opposite direction then I bear my loss alone. It's really my cross to bear and making this decision was out of a deep quite time I had while I was wondering if I go ahead to cash out or I maintain my hodl and from all indication I just have to maintain my hodl till I get my reward no matter the manner it would appear.

A lot of people have the same idea, but the real question is when you say that you will never sell and you will just hold what is that gonna get you, what is the point of having bitcoin and all this profit if you are not gonna enjoy it while you can, or use it while in need, sure you should hold your bitcoin and think strategically about when to sell or when to buy but you also need to think strategically about finding the balance between holding and spending it , because you don't know what the future holds for you.

[hatshepsut93]

Money exists to be spend. If you want to hodl forever because the price will be higher, you're just proving the theory that Bitcoin can't work as a currency because it would create deflationary spiral when everyone just hoards money, no one does any investing, business can't grow and economy struggles.

[bitzizzix]

the question is whether the food you are going to buy is expensive or requires a lot of bitcoins, and if you only need a few bitcoins or a few and really need them in my opinion it doesn't matter if you want to do it by reason of not all and not selling much.
and another reason that relying solely on income from bitcoin is wrong and you still have to have another job or other income to keep your bitcoin intact and even be able to grow it in the current situation, and we are all in this industry to make something good or improve the situation . and also embody the desire not to allow hunger or distress if you really need it just do it rather than starve to death.

[uneng]

I agree with OP. Not everyone have a fixed income, job offers around or a job that allow themselves to spend their btc portfolio, knowing they can replace it next month. Some people have only one chance and must take this opportunity seriously, resigning confort and pleasure on short run to try achieving it on long run in a sustainable way.
To stay hungry might be a bit exaggerated nowadays, but of course we have to buy cheaper food or eat less in order to save money, otherwise our monthly income isn't enough to pay for daily expenses and still save a little bit. Each one's reality is different and each individual should act accordingly to it without worrying about how others will judge them.

[Welsh]

Money exists to be spend. If you want to hodl forever because the price will be higher, you're just proving the theory that Bitcoin can't work as a currency because it would create deflationary spiral when everyone just hoards money, no one does any investing, business can't grow and economy struggles.

Well, it definitely can, and is used as a currency. However, its not very practical in its current implementation for the majority of people. Hence, why you see it used as a more reserve currency or for speculative investments.

To stay hungry might be a bit exaggerated nowadays, but of course we have to buy cheaper food or eat less in order to save money, otherwise our monthly income isn't enough to pay for daily expenses and still save a little bit. Each one's reality is different and each individual should act accordingly to it without worrying about how others will judge them.

Depending on where you live, not exaggerated. While I absolutely cannot, and will not recommend going hungry for any speculative investment, it almost certainly does happen. Money isn't everything after all, and what's the point of putting yourself in danger or worse, putting yourself, and your family at danger just because there's a chance you could profit exponentially in the future.