HODL, HODL, HODL when can one actually sell Bitcoin?

[Greatest2020]

So I keep hearing HODL, HODL, keep holding and all that. My simple question to everyone is "when is actually the right time to sell Bitcoin or we don't ever sell it"?

 How then do we say we have made money from it if we don't sell?

[sheenshane]

If you bought Bitcoin from the price of something around $30k and wanted to sell at $60k, you made double already your profit, and that is your profit.
The important thing is you have a targeted goal of profit when you will sell it, because you will never gain profit if you will never sell it at a high price, if you hold 1 Bitcoin it will always be 1 Bitcoin.

So my question is, how much profit do you want to gain?

Because here is the fact, Bitcoin isn't solely the purpose of gaining profit or because an asset, it's a digital currency which good for an alternative as a payment system.

[aoluain]

Sell it whenever you think you need to, remember though you can only sell it once!
be selective with something which is becoming rarer and rarer as supply reduces
and demand increases.

There are many different attitudes towards Bitcoin, some say HODL and never sell,
others spend it regularly, Bitcoin can be whatever you want it to be, eran and spend,
or earn/buy and HODL.

[jossiel]

So I keep hearing HODL, HODL, keep holding and all that. My simple question to everyone is "when is actually the right time to sell Bitcoin or we don't ever sell it"?

 How then do we say we have made money from it if we don't sell?

We'll sell.

As long as you will sell at the price more than the bought price then that's it. We tend to say HODL if the market looks bad and even it's good but you think that there's more to it.

It's your decision and plan when you'll sell, there are others that are panic selling and cutting their losses even if they're holding bitcoin.

[nelson4lov]

So I keep hearing HODL, HODL, keep holding and all that. My simple question to everyone is "when is actually the right time to sell Bitcoin or we don't ever sell it"?

 How then do we say we have made money from it if we don't sell?

In my opinion, the goal of the HODL philosophy is to make more profits compared to when you just sell after a short time period or after few percentages up. If you buy and already got a significant amount of profit, then the logic thing to do is to take profit at areas and zones that are thought out to be that top. Sell there, buy back later when price has corrected.

[Slow death]

good question and i doubt that people who are very fans of hodl will tell you the most logical answer possible, for most people who do hodl are just doing hodl without ever thinking about the day they will spend, it is something insane I know, but already I saw some people who do hodl saying they will never spend their bitcoin, I was shocked, I'm glad I always spend my bitcoin because I consider bitcoin as money to be spent whenever I need to buy anything

[Rengga Jati]

Simply. And you don't need to follow what other people do.
Everyone has their own target of HODL.
Sometimes, they will HODL for about 5 years or wait for the next bullish season after the next halving.
Sometimes, they only need several shorter years to take profits.
Sometimes, they need to wait only some months to take profits.
Or sometimes, they only need to HODL Bitcoin for the next price target by selling step by step, not selling off all in at once.

So, it means that you yourself need to set up your own target, at what rate you will sell your BTC per percentage. 

[jackg]

Holding is a great strategy when you're at a loss or you think the asset/bitcoin will go higher.

Typically it's also good for newbies to hodl a bit, and be wary of their first investment as it would give them experience of how the price behaves and where they should sell.

Finding a natural exit point is going to be difficult however not panic selling a crash might be a good idea (at least until the price stabalises).

[BitMaxz]

All people and traders have different ways on holding or the time when to sell we are all different.
Sample like mine if I bought a bitcoin a month ago with the price of $40k actually traded from USDT to BTC now if you sold it around this week $64k or $67k you already made around 40%.
So this is always trader do if they want to get benefits every time it hits a new ATH.

If you are a people who just want to have investment asset for your future then they always hodl they don't care about the price of bitcoin they have their own specific time to sell their own asset. Maybe every block halving or every 4 years or more.

[Rruchi man]

How then do we say we have made money from it if we don't sell?

I don't think anyone categorically said that while HODLing, you cannot sell off some profits from your portfolio if need be while still keeping some intact. It is a misconception to me to think that HODLing just means you can never sell a percentage from your portfolio, to me it means don't sell all, always try to keep for HODLing for the future so you are not left out.

[DannyHamilton]

So I keep hearing HODL, HODL, keep holding and all that. My simple question to everyone is "when is actually the right time to sell Bitcoin or we don't ever sell it"?

 How then do we say we have made money from it if we don't sell?

You don't "make money" from bitcoin.  Bitcoin IS money.

You HODL until merchants, businesses, and services accept Bitcoin as payment, and you have enough bitcoin to fund all the rest of your expected expenses for the rest of your life.

More realistically, you treat it just like you do any other money...

1. You constantly put effort into acquiring more so that you can pay for the things that you need to survive and enjoy life.
2. You make sure to always spend less than you acquire so that you can build up a savings for emergencies, unexpected expenses, and eventual retirement.
3. You figure out what you want your legacy to be.  Will you live off your wealth drawing the balance down to 0.0 just in time for death? Will you become a philanthropist making the world a better place? Will you take care of friends and family?  Will you leave generational wealth behind to your great, great grandkids?

[btc_angela]

So I keep hearing HODL, HODL, keep holding and all that. My simple question to everyone is "when is actually the right time to sell Bitcoin or we don't ever sell it"?

 How then do we say we have made money from it if we don't sell?

No one can advise you when to sell, it's really up to you. If you think you have profited enough then why not sell some of your stash and then enjoy the money or reinvest in somewhere else or buy yourself a new house? Or put your kids in a good school have your own business. There are a lot of reason to sell. However, you are the only one who can answer that.

[hatshepsut93]

You don't have to HODL all your coins and you don't have to sell all your coins. If you need to buy something and you don't have fiat for that, just sell some BTC if you really-really need it. Of course the problem here is that those coins can grow 10 times higher in a few years, but I think this is the beauty of BTC - it really makes you be more responsible with your money. But I think that HODLing forever is an unnecessary extreme, money won't bring you happiness when you are old and have more of them than you need.

[kawetsriyanto]

What you hear is a suggestion only, you can follow or ignore it. Each holder has their own target, so when the best time to sell may be varied. If you have your own target and it seems already reached, why don't you sell your Bitcoin? It is no problem as long as you have got profits as expected. I often see people suggest me "hold", but I don't care once I have set my won target. Selling Bitcoin isn't a must at its new ATH, just selling whenever you think you have got expected profits.

[Rajamuda]

Everyone knows when to sell it from the first time they plant, of course it can be based on the calculations when they start investing. After all, an investor already knows more about how to hold it and it ends up being profitable unless it has an urgent need, that can maybe be selling a few.

Well, investment is not the main thing from income, investment is more suitable with other income from the main job, such as investing in stocks, even that is not aimed as the main income, but like saving which gives more profit.

[yhiaali3]

It is primarily about you, what is your goal? Do you have enough or do you want more? Everyone should have a goal, otherwise he will continue to hold the bitcoin forever and not sell it, but in general HODL is said when the coin is somewhat low and we are waiting for it to rise soon or the price of the coin is really starting to rise but it continues to rise, this means that you want to get At the highest price but in the end you have to sell to get your profits.

[crwth]

So I keep hearing HODL, HODL, keep holding and all that. My simple question to everyone is "when is actually the right time to sell Bitcoin or we don't ever sell it"?

If you see that all the time, maybe a lot of your friends or posts that you see are from here. The Bitcoin Maximalists or just HODLing BTC. You would never hear them "sell" and just keep on HODL-ing it whenever they have the chance.

It will depend on the person whether it's going to be needed like the funds needs to pay necessities, or it's just an extra fund that someone can just keep for the long term and not think anything about it for a long time, hence the HODL.

How then do we say we have made money from it if we don't sell?

Just looking at the value of your current amount of what you have can make you see that you profited. It's always going to be dependent on whether or not you are going to be looking at BTC or earning it in USD. You decide. Once you traded it off, it's the profit that you have already and if not and it just increases in value and then so be it.

Just believe in which path you are going to take, it will always be something that no one has the answer to. You just have to decide for yourself.

[Fundamentals Of]

It could be said that the ultimate goal is not to make money from it. You are encouraged or advised to HODL and HODL and HODL not just because the price will keep on increasing in the future but also because time will come that you will not anymore sell Bitcoin in order to buy things but will buy things with Bitcoin itself. But I am rather practical regarding this issue. If you have something you need to spend on and you have no available fiat, it is always all right to convert some of your Bitcoin for it.

[yazher]

Everyone has their own personal decision when is the right time to sell and somehow they managed to profit from it except for those who wanted to hodl until the price of Bitcoin reached 6 digits which might take some time. Either way, if you are used to this kind of market you will always find the right time to sell your cryptocurrencies at the price where you can earn a decent amount of profit. Not in a maximized way but when you earned, you don't have anything to ask for.

[OrangeII]

we say "HOLD" so you don't miss the train if the bitcoin price soars. Many people say that "when is the right time to sell bitcoin?" to be honest, the right time to sell bitcoins depends on the person himself. it all depends on your needs. this is the same as "when should we use the savings we have?" everyone will have a different answer. what is meant in this case is "hold until the price is high" or "don't rush to sell it".
however, very many people regret selling their bitcoins quickly just because they saw the bitcoin price go up high enough. however, if you feel that it's a fair price to exchange your assets for, no one will stop that.