Swapzone_pr
Newbie
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Activity: 42
Merit: 0
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November 01, 2021, 09:40:37 AM |
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It's your money, do whatever you want, though I would never advise anyone to sell all of their bitcoin selling 20% to 30% is a reasonable strategy for those who don't want to wait years for a potential windfall
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Issa56
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November 01, 2021, 09:48:18 AM |
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You can hold bitcoin as long as you want I don't think their is any specific time which you are suppose to sell your bitcoin just make sure you are selling at profit. People always say HOLD because they believe bitcoin price is still low for now and if you can hold you will definitely make more profit than if you sell it now but if you think you are satisfied with the current profit which you are then you can easily sell. Some people have been holding bitcoin since when it was around $3k, $5k and $10k those people will be in huge profit already so you can still decide to hold and you can sell depending on your choice.
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[/tabl
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Kadal Ijo
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November 01, 2021, 10:03:14 AM |
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We are free to sell bitcoin, hold is a suggestion to get bigger profit, and it is proven that when i am patient to hold i get big profit since i bought bitcoin when the price was $40k which i bought 2 years ago, but i still hold because i am price optimistic bitcoin will continue to increase.
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DewiKirana
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November 02, 2021, 03:28:51 AM |
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The right time to sell Bitcoin is when you buy it cheaper than the current price, there must be a profit difference when selling it. Or when you really need money and you only have Bitcoin assets, that's the right time to sell it.
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Mahiyammahi
Member
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Activity: 106
Merit: 87
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November 02, 2021, 05:10:51 PM |
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You wanna sell or HODL it depends on you. Main fact is how much you wanna booked your profit. If you just sold it now and BTC goes to 100k then don't be upset cause you wanna book your profit.
Remember if you just faded up on crypto by holding you can't win anymore. Rest of your wish what you do with your money
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shield132
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November 02, 2021, 06:02:36 PM |
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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?
And why do you care about someones advice in trading? This is very personal thing, when you think that it's good time to invest, then invest and when you think that it's good time to sell, then sell. Some people sell when they see the profit that they would like to keep and some people even buy high sell low, this is the category of people who want profit overnight. But one answer that I want to give you is: Check the statistics of Bitcoin's price, check it from the very first moment to the current one and I believe then you'll find the answer, why everyone suggests to HODL and why you'll never know when to actually sell it. It went from some cents up to 67K! See, more than 67000x profit.
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worldofcoins
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November 02, 2021, 08:11:26 PM |
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There's no sense of holding if we just don't benefit from it.
Hold and sell, that's the right term, I think there's no one even the richest in the space that has not to sell his/her bitcoin yet, one has to enjoy the profit as bitcoin does not have a value if we will not enjoy it and its profit for investing. So in my case, I'll certainly see my bitcoin once I'm satisfied with the profit, simple as that.
I've read an article about a company "Stock exchange company" that has their workers buy a certain stock and they don't sell that stock but just "HODLL" Even if the stock goes 10x or 100x, they are supposed to HODL it, I can't remember much but they always make a profit through this strategy. Looking at bitcoin, Its market cap is quite low compared to combined stocks, So a whale can manipulate the Crypto market quite easily compared to what it can in the Stock market. So keep on Holding bitcoin leads to avoidance to trends that are meant to be manipulated by Whale or Whales. You might be making money or losing money while the trend lasts but you'll bet according to Perception of the whale and thus you lose in long run, even if you make money in the short term.
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+_-
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cheezcarls
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November 02, 2021, 10:13:19 PM |
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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.
This is what I've failed to do when BTC is still at $30k. I could have bought fractions of it and have made good profit when it touch down at least $60k, but I didn't. Each of us have our own target profits, but we have to be aware of the risks and volatility that BTC had from the past until now. Profit is profit no matter what, at least we would be happy to win rather than losing a lot.
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Kelvinid
Sr. Member
Offline
Activity: 2828
Merit: 344
win lambo...
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November 02, 2021, 10:25:35 PM |
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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.
This is what I've failed to do when BTC is still at $30k. I could have bought fractions of it and have made good profit when it touch down at least $60k, but I didn't. Each of us have our own target profits, but we have to be aware of the risks and volatility that BTC had from the past until now. Profit is profit no matter what, at least we would be happy to win rather than losing a lot. Sometimes we found regretting of missing some opportunities and blame ourselves back. I had to admit that this happens to me sometimes, it is quite normal for we don't know what will happen next. However, real investors will always analyze the market so well, they don't just look for tomorrow but in the future. Well, they have the money and they can afford to buy fractions of Bitcoins in every drop and hold it. But for use who have just limited resources, that seems a big challenge and we often miss opportunities.
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Oilacris
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November 02, 2021, 10:41:56 PM |
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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?
Profits that hadnt been self off is called unrealized profits which means there's still tendency for those profits to be lessen if the market tends out to go into the opposite path. HODL is something that you couldnt really easy to do considering that there are lots of factors that do affect your decision or mindset towards holding for long term. Also, we do have different level or goal in mind on when to sell if its already enough or considerable on making such step or wait for more longer.
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arditiyan
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November 03, 2021, 02:27:19 AM |
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This is individual opinion, just because some certain people will always shout hold hold hold don't mean you should do the same, everyone has price target and what they aim to achieve, you can sell wherever you feel it is comfortable for you, probably sell some percentage and keep holding rest for a longer term.
to sell it is better to sell a few percent and the next is to hold until the price is really in the best position. because everyone has a different target price and my opinion is that one should have at least a deposit in the amount of coins.
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Kadal Ijo
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November 03, 2021, 10:17:54 AM |
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This is individual opinion, just because some certain people will always shout hold hold hold don't mean you should do the same, everyone has price target and what they aim to achieve, you can sell wherever you feel it is comfortable for you, probably sell some percentage and keep holding rest for a longer term.
to sell it is better to sell a few percent and the next is to hold until the price is really in the best position. because everyone has a different target price and my opinion is that one should have at least a deposit in the amount of coins. The best strategy in my opinion is to sell capital or money that we have used to buy, for example we buy bitcoin with a capital of $500 and then get more than 50% profit then selling some is a good thing so when the market drops then we only keep bitcoin profit, and this I usually do when I buy altcoins.
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Reatim
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November 03, 2021, 10:29:03 AM |
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Hold is a common strategy when investing, as long as there is hope for profit, hold is better than sell, although we are free to sell but most will regret seeing the price skyrocket after selling, and this is the best strategy than daily trading.
depend in which coin you are holding , skyrocketing is very few to happen and that means one thing , hold the coins in which you think has potential and never find yourself trust shitcoin and also Meme coins. But the topic is about bitcoin and that is worth a HOLD even how long you wanted .
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deadmousehat
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November 03, 2021, 01:02:14 PM |
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it all depends on each person. each holder has a different strategy and different goals. HODL until you get a double or triple and then want to sell all or only sell some. there are also those who sell when they need money.
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Sled
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November 03, 2021, 01:52:49 PM |
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Hold is a common strategy when investing, as long as there is hope for profit, hold is better than sell, although we are free to sell but most will regret seeing the price skyrocket after selling, and this is the best strategy than daily trading.
depend in which coin you are holding , skyrocketing is very few to happen and that means one thing , hold the coins in which you think has potential and never find yourself trust shitcoin and also Meme coins. But the topic is about bitcoin and that is worth a HOLD even how long you wanted . Just HOLD until the time that you can still do it. We don't need to sacrifice ourselves just because we believe and think that holding is the best market deal to have a huge profit. Yes, it might but we have to listen also to the sentiment of the market and it might happen that selling is the best option than holding. As long as we are satisfied with the profit we got from our investment, that will be the right time to sell. What I mean is that we can make HOLD but not forever.
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elisabetheva
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November 03, 2021, 03:21:18 PM |
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it all depends on each person. each holder has a different strategy and different goals. HODL until you get a double or triple and then want to sell all or only sell some. there are also those who sell when they need money.
everyone will obviously have their own analysis and they will obviously know when to do HODL or not. I agree with what you said that holders obviously have strategies that will differ from one another. depending on what you want to do, because there are those who HODL only for a short time and sell it when they get a profit that is considered to be in accordance with what they want, and wait for an opportunity to buy back after there is a correction and repeat for the HODL. but it is possible that the desired analysis cannot achieve with what is planned to continue to HODL until it gets a profit at the right time, because the final state must be sold before reaching the main goal. everyone's circumstances will be different in doing HODL.
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wemakereview
Jr. Member
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Activity: 41
Merit: 1
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November 11, 2021, 12:18:54 PM |
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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?
What's your goal? You should be a holder till you reach your goal. Then, you can sell it! It all depends on you; it's a personal matter!
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pragna
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November 11, 2021, 03:58:07 PM |
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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?
Actually its fully up to you because you should trust in BTC will hit 100k$ very soon. So suppose you bought BTC in 50k$ time you can sell when it will hit to 65k$ and you also can hold for batter time. As market does too much fluctuate, you can wait for next low time for investment. So finally its up to you.
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lepbagong
Full Member
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Activity: 2352
Merit: 121
Reward: 10M Sheen (Approx. 5000 BNB) Bounty
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November 12, 2021, 07:05:20 AM |
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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?
obviously selling when the price has reached the peak of ATH, how to determine the peak of ATH? obviously it will be difficult to determine the exact time we will do. but actually when you get a profit that we think is worthy then that's when you can immediately sell it !!! and wait again when bitcoin corrects to buy and prepare to sell it again when it is also worth it. Actually its fully up to you because you should trust in BTC will hit 100k$ very soon. So suppose you bought BTC in 50k$ time you can sell when it will hit to 65k$ and you also can hold for batter time. As market does too much fluctuate, you can wait for next low time for investment. So finally its up to you.
yes, if you believe that the ATH that will be formed is $100K, it's even easier to determine when to start selling it. because you have determined the estimated price that will reach $100K. just wait when bitcoin will reach $100K, because it is certain that bitcoin will be able to reach it. if you have reached it it is wise to immediately sell it and wait for bitcoin to correct when you want to buy it, for sure bitcoin will form renewable ATH and that's for sure.
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MrcMrc
Member
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Activity: 518
Merit: 45
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November 12, 2021, 07:27:54 AM |
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Once the price of bitcoin is above the price you bought it and have made significant profits you can sell if you need money for something else aside investing. But again it far more better to hold than to sell as your present profits becomes your capital if the price keep rising.
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