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

[swogerino]

That is a very broad question.I have sold a little of my savings since 2016 when the price of Bitcoin was over 62.000 dollars.I have kept most of it HODL-ing again as I believe the price to skyrocket again even more than this new all time high that we just witnessed at near 67.000 dollars for a Bitcoin.Since if we compare the price when it first started at cents and now after 12 years at near 67.000 dollars chances are high the price of Bitcoin will continue to reach new all time highs during the upcoming years.

[Imran232]

If you are satisfied with your profit, then exit out. It is simple. Look, just think about those people and companies. Why didn't they sell bitcoin? Shy people hold bitcoin. There is a simple reason for this: they can afford it. If you ask the experts about bitcoin investment, they suggest you invest that amount in bitcoin in whatever you can afford. If you can't afford it, don't hold it. And no one will force you to hold it. They will just say "hold on, hold on" for all the reasons just for affordable people. So I hope you understand everything right now. If you can afford it, hold; otherwise, exit with a profit.

[Easteregg69]

I crashed the price yesterday. I like Tron better now.

What you get for deleting my posts being better.

PS. Get minimum 0.2 BTC or you are out of league.

[Wong Gendheng]

Hold of course as long as we feel there is still a chance to skyrocket, and unfortunately today the market is red again, in investing of course we must have a clear goal, the most important goal is to profit, if we are still losing or there is an opportunity for even greater profit then hold is better option than sell.

[dezoel]

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?

Yeah, everyone in this forum and in most social media emphasise about holding bitcoins but unfortunately most of us not ready to believe into such a recommendation. But, there are plenty of different people on this bitcoin ecosystem to keep buying and selling and primarily miners and merchants are few of them. They need to sell bitcoin to cover their running costs.

So, we cannot expect everyone to be holding bitcoins as most of us must be having some reasons to sell and then to buy back whenever possible. I am a strong holder of bitcoin but not having any big amount of bitcoins hence holding even in little amount ensure that I am enjoying all the appreciation of bitcoin.

[Alert31]

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?

Sell when you already have profit and don't be greedy. Holding for short or long term is depends on you. If you want to hold for a long term and set a price which higher and you think it will reach, do it and wait patiently.

[xmonkeyx]

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 won't make money if you don't sell it.
now, yes now is the right time for you to sell Bitcoin and wait for the price to come back down and then you buy it back.

[passwordnow]

You won't make money if you don't sell it.

By any chance, we really have to sell at the right time. At the moment, it could be one of the best prices to sell but just a few hours ago the price was $63k and then it suddenly plunged.

now, yes now is the right time for you to sell Bitcoin and wait for the price to come back down and then you buy it back.

Buying at the top and waiting for it to correct for a moment so that you'll get a discount. That's the usual strategy that we have been mastering all of the time.

[noorman0]

Each holder has their own ambitions and they will spend theirs in the end. But they should also think about how they can spend it freely (acceptably).

To encourage community growth and accelerate mass adoption is to transact (spend) at least a small portion of the bitcoins you own as a form of interest you want to use and proof that bitcoin still functions as a means of payment. Of course, this is enough to contribute to the enthusiasm of some public services to involve bitcoin in their business.

[Vatimins]

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?

     That's why it is important to plan everything before you jump into something. That is basic investment knowledge. This is where price goals and stop losses work well. Plan your investments properly and you will realize that there really isn't anything much to wonder about. Another thing that would make it easier is to figure out your financial status and to discern how much you value an asset and whether or not you can afford to part or not part with it. Read more, I believe it will benefit you a lot. Good luck op.

[suryogandul]

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?

someone who says HOLD must have had a due date when selling bitcoins based on profit.

we don't have to imitate someone's steps to hold, but check the percentage of profit we get and we can apply the profit limit. from there we can forget when to sell bitcoin. So, if you have profit, sell it. it's simple and easy

[geegaw]

Hold of course as long as we feel there is still a chance to skyrocket, and unfortunately today the market is red again, in investing of course we must have a clear goal, the most important goal is to profit, if we are still losing or there is an opportunity for even greater profit then hold is better option than sell.

But if skyrocketing always invades our perspective and thoughts, I probably won't find the end of my holdings and profits like a boat that doesn't see land and doesn't know where to retire eventually, there are many people who think a specific goal will solve the problems but it is a case of not paying attention to the market, once we have the attention, we always move that goal further after each old goal is completed. In general, we should not let the ambition of holding remain too strong, we need to moderate it and sell it when it is profitable so that the perfect money returns to the real world, instead of an unreachable virtual thing like crypto.

[Zilon]

Hodl doesn't mean you wouldn't sell at some point the arithmetic in investment is once you get to a certain profit higher than what you bought you sell and wait for another dip to buy more. Cryptocurrency isn't a ponzi scheme it's an investment and if you must get the best of it you should treat it the way it is. The goal is buy low, sell high than you bought, wait to buy low again and sell higher again. That way you can also pay yourself while you are still holding

[ReiMomo]

It depends. I usually set a minimal threshold for profits and I close the trade once that crosses. At times, if I need money for my expenses, I close the trade and take out the money for expenses. I have seen many who do not even worry about it short profit. They do leave it for years as they don't depend on its short profits. So, yes you decide based on your situation. Long term (3 to 5 years) is always a best choice for huge profits.

[Cafex]

There is no certain when I'm afraid. If there was, all of the investors in this market would be quite rich now.    I think that the most critical thing to do while investing into a cryptocurrency is setting a price target to sell when it is achieved. Because when we do this, we can prevent ourselves from being too greedy. And we would know when to stop by doing this.

[aoluain]

TBH, I am conjuring up a conspiracy theory.

Something Michael Saylor repeats, "never sell Bitcoin" is becoming more and more relevant.

So we know there is limited supply
and
we expect an increase in demand

I expect the demand is going to come from the elite and wealthy regardless of what governments
and law makers do.

If supply is restricted how are the elite going to get it? by scaring week hands out of their Bitcoin.

What could be happening now and for sure in the future, we could be selling our Bitcoin into the
hands of the elite and we may not be able to buy it back so easily....

HODL

[SmokerFace]

Keep holding as long as you can.

Most likely what that means is you do not sell your bitcoin unless you have to or are in need to.
Bitcoin will definitely increase in value we're already heading towards a cashless society.

[Hamphser]

Keep holding as long as you can.

Most likely what that means is you do not sell your bitcoin unless you have to or are in need to.
Bitcoin will definitely increase in value we're already heading towards a cashless society.

Comparing off numbers in the past up to now then we could really say that Bitcoin is really worth of the investment? How about alts? We know that theres some exemption to that because not all alts are shit and garbage.There are still which does have potential.

Selling out your coins? then it is something for you to decide because not all do have extra money for them to solve out their problems
towards financial.

There are situations which you would really be having no choice but to deal and sell those coins on early basis,

[Hypnosis00]

Keep holding as long as you can.

Most likely what that means is you do not sell your bitcoin unless you have to or are in need to.
Bitcoin will definitely increase in value we're already heading towards a cashless society.

Comparing off numbers in the past up to now then we could really say that Bitcoin is really worth of the investment? How about alts? We know that theres some exemption to that because not all alts are shit and garbage.There are still which does have potential.

Selling out your coins? then it is something for you to decide because not all do have extra money for them to solve out their problems
towards financial.

There are situations which you would really be having no choice but to deal and sell those coins on early basis,

Honestly, Holding was not an easy job to do especially when we don't have resources. It is sometimes there is a situation that pushes us to sell. i experience that one, yeah, it gives us no choice but to sacrifice them even the price doesn't look so good.

For me, holding long-term is just for those who have an established financial capability but for us as normal investors and traders, we mostly do selling when the price is peaking up and can't even wait for the ATH. It is really sad but that was the truth, rich people will become richer while poor people still poor.

[chanler]

hold is good but we don't always have to hold the assets we have. we can sell it when the price goes up and can make a profit from it. everyone has their own record or benchmark to determine the desired price when selling or buying coins. Personally, I will look at the market first, if the market is really good and rising then I will sell it because I don't want to lose the moment and regret it in the end. so it really depends on each individual to want to set a price and how much the profit target that they want to get.