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Author Topic: HODL, HODL, HODL when can one actually sell Bitcoin?  (Read 1849 times)
Yamifoud
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October 25, 2021, 07:17:21 PM
 #41

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?
So many words to say HOLD and HOLD...
If you were about to make a satisfying profit, I think it was good enough to sell your Bitcoin. Greediness makes people decide to keep on holding even though they got a huge profit already. Well, I guess, it should have to be changed especially in this kind of market. We should have to act smarter and the fact that we never know what will happen next by taking the chance to sell them at a higher price than the buying price seems a great idea.

You can make your decision, anyway. But have to think about it twice or even several times so you don't have anything to regret.
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October 25, 2021, 07:20:11 PM
 #42

ask your heart how long will you last.
no need to think about other people because they are just speculating and all decisions are in your hands because here we are free to do anything and without any coercion from anyone.
when other people hold it doesn't mean you have to be hodlers too.
This is a really simple thing but we still can't decide because we are fixated on other people.
when you feel you are enough in profit just finish your hodl and don't need to look at other people.

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October 25, 2021, 07:33:54 PM
 #43

it's obvious mate the right time to sell it when you make a profit ,however as far as I know and understand Cheesy is anyone who hodl bitcoin in the past would have been lucky to sell it today or in the future ,do you need money? otherwise you have to hodl on until you are sure it is the right time to let it go ,back to yourself mate

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October 25, 2021, 07:53:04 PM
 #44

What actually benefits is a thing where no one succeeds completely. To date, no one has been able to succeed in cryptocurrency.No matter how good the market is, everyone here is frustrated and the day goes by. No one sells at the highest price and someone sells at a much lower price. In fact, they do not want to buy and sell Bitcoin unless they are in maximum danger Everyone wants to hold on.

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October 25, 2021, 09:01:26 PM
 #45

This is one of the most complex issues. “HODL” is the easiest way that can help to earn money doing nothing. However the decision  when to stop must be only your own. Technically, the right moment to sell is when BTC increased a lot, made a new ATH and is going to fall down (you probably know that after every ATH BTC  is receding).  This reduces might be different: several thousands, 10-15 thousands, more than 20 thousands. When BTC is down it’s time to buy again. But no one trader can say you for sure how high or low can rise or fall BTC.
In the life, the right moment for every person is individual and depends on his/her decisions.
Personally I think it’s better to hodl BTC like some stash for unforeseen circumstances.
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October 25, 2021, 09:05:44 PM
 #46

What actually benefits is a thing where no one succeeds completely. To date, no one has been able to succeed in cryptocurrency.No matter how good the market is, everyone here is frustrated and the day goes by. No one sells at the highest price and someone sells at a much lower price. In fact, they do not want to buy and sell Bitcoin unless they are in maximum danger Everyone wants to hold on.
No, definitely you are wrong. Maybe you were frustrated so much and able to generalize by yourself and think what happens to you, is really what happens to others. Because the reality is that a lot of people have succeeded in the crypto industry. Just look how these whales making money from crypto, they are earning a lot, and have you said NO ONE?
Maybe you are right that no one is able to sell at the perfect time like during ATH but to tell you that so many investors/holders had the chance to sell their Bitcoins at a better price which obviously they got profit.

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October 26, 2021, 07:49:57 PM
 #47

What actually benefits is a thing where no one succeeds completely. To date, no one has been able to succeed in cryptocurrency.No matter how good the market is, everyone here is frustrated and the day goes by. No one sells at the highest price and someone sells at a much lower price. In fact, they do not want to buy and sell Bitcoin unless they are in maximum danger Everyone wants to hold on.
I think you misinterpreted something, why they persist in fact it is not based on a sense of frustration.
because if they endured their frustration it would be impossible for billionaires and influencers to even bother to enter an industry like this. of course they already know the great potential so they are on this path.
apart from that maybe the frustration you mean is that you yourself are still holding coins because you still haven't gotten anything and don't take everyone in your excuses
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October 26, 2021, 09:59:39 PM
 #48

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?
Those are still unreliazed profits when you are still holding or lets say its still presumption or in that part because once you hadnt make out any conversion then it wouldnt really be considered as profits on general sense.

HODL is something that a person would do and profit taking is something differs with each person because not all would be having the same
percentage when it comes to their gains.

Some do prefer on several small percentage then they do hook up their profits and some doesnt really mind that much as they would
go for long term years.

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October 26, 2021, 10:34:42 PM
 #49

it's obvious mate the right time to sell it when you make a profit ,however as far as I know and understand Cheesy is anyone who hodl bitcoin in the past would have been lucky to sell it today or in the future ,do you need money? otherwise you have to hodl on until you are sure it is the right time to let it go ,back to yourself mate

Everyone has a different profit target, so only we know when is the best time to sell Bitcoin. It is impossible for everyone to have the same target,
after all, everyone has different life needs, when we have an urgent need and need money it's a good time to sell the Bitcoin we have. That's one of
the benefits of holding Bitcoin, to have money when we need it. Therefore, investing in Bitcoin, we should not be influenced by others, we must be able
to make our own decisions. Because only each of us knows what is best for ourselves.

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October 26, 2021, 10:39:41 PM
 #50

When it comes to cryptos or bitcoin in this case, hodling often offers you a greater chance of making some actual profits off your hodling. Should you be satisfied with the profits you've gotten on your hodl amount, you can sell but, never get jealous or remorseful when the market booms. If you must sell, youu can sell a fraction of it and it should be because, you have a problem that, other sources of your income should you have any is, most likely not to provide the needed fund to tackle that issue. Only then, can I advise you to sell as, bitcoin is far from reaching its full potent.



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October 26, 2021, 10:43:14 PM
 #51

it's obvious mate the right time to sell it when you make a profit ,however as far as I know and understand Cheesy is anyone who hodl bitcoin in the past would have been lucky to sell it today or in the future ,do you need money? otherwise you have to hodl on until you are sure it is the right time to let it go ,back to yourself mate
it seems that it must be returned to ourselves who can determine when and what to do. I agree with you that the right time to sell is when we feel that the calculations we have done have made a profit. even if it is not necessarily fixed to hold it for a long time, if it is bitcoin it will always be profitable.

but we know that the increase that will occur is higher than in the past, it will definitely occur every 4 years. so of course it takes quite a long time and if indeed the funds that we store in bitcoin are indeed unused funds, of course there is no problem.

but indeed at this time the best ATH prediction will be expected to occur at the end of this year, so the opportunity is quite short and you just have to decide whether to sell later or will wait another 4 years to come where the price will definitely be higher.
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October 26, 2021, 10:50:02 PM
 #52

I sell it when the price I think starts to rise and deserves to be sold. And even then, I don't sell everything, I sell some and then if the price goes up again, I sell some of it. if we continue to hold on and hold on even though the crypto market is starting to rise, then we have lost the opportunity to make a profit. If you really want to do a long term investment, then you have to be aware that it will take you longer to hold it, even years. so I think it all depends on the goals of each person in investing.

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October 26, 2021, 10:55:34 PM
 #53

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?
Everyone has a different sell target if you buy it for $35k can sell it at today's price or you have a further target of $100k and you will hold it and wait for to gas value up to 100k$ and sell them. No one has the same goal and everyone buys at a different price so I can only give you some examples, how much do you buy your BTC at? And what will your selling target be? You can suggest these goals to yourself.

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October 27, 2021, 02:31:04 AM
 #54

I think the right time to sell bitcoin is when our target is met, where everyone's target is different. and that's where the analysis will be, all greed is tested as well as being toyed with by the market. therefore we must have a stand, so that there is no excessive disappointment behind it

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October 27, 2021, 02:36:00 AM
 #55

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?
Are you investing because you want to make money? Then set a profit goal, once you reach it, take your profit and leave. Or you can invest again, and keep repeating what you were doing. Hodl, reach profit goal, sell and repeat. That's it. You don't have to hold forever if you are here to make profit. Now if you invested in crypto because you believe crypto currencies will become mainstream and will replace fiat (which I doubt), then keep holding and investing. You probably will never have to work again because you would have accumulated enough bitcoins to literally buy anything.

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October 27, 2021, 02:57:40 AM
 #56

You need to be more simple and practical, I haven't seen anyone say they will hold BTC forever Smiley

We all need to look for something... First, a money return on investment in the field you are in. When you are satisfied with the problem of material money in society, then looking at investment channels to develop your own creations (if you have the ability)

There may be different approaches and goals, but most of the people here already have and are getting what they want. Personally, after many years of participating in this market, I always believe in it and I know that every time I participate, I have a specific plan.

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October 27, 2021, 05:07:47 AM
 #57

I think the right time to sell bitcoin is when our target is met, where everyone's target is different. and that's where the analysis will be, all greed is tested as well as being toyed with by the market. therefore we must have a stand, so that there is no excessive disappointment behind it
The time to sell bitcoin already comes as bitcoin price reached the new ATH a few days ago. Maybe you can wait for more to see bitcoin price start another rally so you can sell bitcoin again. Related to greed, we really need to know when to sell bitcoin so we do not get late to take profit and know when to buy back bitcoin. If you can have your target price sell and always follow that, you can take your profit many times and you can control yourself not to become greedy.



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October 27, 2021, 05:19:05 AM
 #58

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?

This question proves that you really need to know what kind of asset you're invwsting into. Without due diligence, you'll never know how much profit do you need, or how much longer do you need to hold.

Not everyone is HODLING though, most people only say to Hodl so Bitcoin price would either retain or gradually increase eventually to cashout when their target price is reached.
Expert short sellers have made enough profit playing against the volatility of cryptocurrency, and yes it is risky that's the reason why long term hodlers exist, to secure themselves from lossing a huge chunk of investment.

If you're planning for a long term investment/hold, it's better to reap multiple times profit, not twice nor thrice make it more than that. Now, If you ask me when, then only you and Bitcoin's price can tell.
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October 27, 2021, 05:35:48 AM
 #59

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?

If your only reason for buying Bitcoins is to sell them for fiat money,then you are not a true Bitcoiner. Grin
I'm kidding.Probably 90% of all investors in Bitcoin are buying BTC for the one and only purpose to sell them and make more fiat money.There's nothing wrong with that,but Satoshi Nakamoto didn't create Bitcoin for the sake of being "digital gold" or a financial asset,like stocks and bonds.Unfortunately Bitcoin will never fulfill it's true destiny of being an actual currency,used by millions of people in their daily life.
Anyway,don't listen to anyone and sell your BTC whenever you want.

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October 27, 2021, 07:13:07 AM
 #60

Anyway,don't listen to anyone and sell your BTC whenever you want.

Yes some people can hold, but sometimes they just don't know when to let go. I've read that the belief that BTC prices will always go up for 3 halving cycles is proven, and maybe this will happen in the next halving cycle even though there is a correction that will occur. So I think you can watch the cycle to buy and sell, this year this is the last year and maybe starting next year the price will correct. IMO

R


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