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

[lucates]

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

Spend it or hold it that's your own choice but in my opinion we should be clear on what is the time to sell our bitcoin because some people saying they will never spend their bitcoin, I was shocked too. Is it good? to saving too much and dying with the money in the bank. Either overspending or either Over saving  why we don't know how to handle our money better. Some are think money once spend cannot be recovered then here's an unpopular question why earn money if you cannot spend it?

[Obito]

That depends, to be honest it's not really good for an individual to base their decisions about when they're going to sell their bitcoin or cryptocurrency because if you do so, you're bound to fall flat when things go to an unexpected turn like the prices starts pumping up again. The best thing to do is to assess the situation check if there's a possibility that the prices might go much higher or an easy one would be to see if you have any urgent need and that you're going to be needing money, if not then just hodl it and let it sit there for awhile.

[Zilon]

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?

For a couple of weeks now we all have seen the high fluctuation in Bitcoin price this should give the holder a strategy on how to hold their coin. The goal is to make profit so never allow greed eat you up. When there is a major drop in price it's an indication you buy once you have gotten some profit above the price you bought sell and wait patiently for another dip to buy more. The market is never in a stable form it's always volatile so taking advantage of both the bull and bear season will help you know how long to hold and when to sell

[Fakhrulenclix]

Make a hold based on your timeframe and profit target. For me, hold has a basis, meaning we invest in the long term and in the long term we have to determine the percentage of profit. If it has been achieved we have to sell it, no need to hold back anymore. If we continue to be swayed by further market spikes, the outcome will confuse us with a decision to hold.

[MinoRaiola]

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?

When to sell… it is because of the situation in life. Do you need the money to pay for something? Or do you need the money to buy something for fun, than you can sell. Even if you are very old, you can give your Bitcoin to your family. Nobody of us will live so long until Bitcoin has been mined all 21 million coins.


Source: https://twitter.com/techdev_52/status/1441423015758241793

[worldofcoins]

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.

2% profit strategy is also good 3 times a week where profits are compounded so you aren't forced to make profit daily.

Holding is good if you're interested in the cryptocurrency more than its fiat value and aren't worried about it being changed.
You said Hodl is better than selling: I disagree with this, sometimes selling is necessary.

[Fatunad]

That depends, to be honest it's not really good for an individual to base their decisions about when they're going to sell their bitcoin or cryptocurrency because if you do so, you're bound to fall flat when things go to an unexpected turn like the prices starts pumping up again. The best thing to do is to assess the situation check if there's a possibility that the prices might go much higher or an easy one would be to see if you have any urgent need and that you're going to be needing money, if not then just hodl it and let it sit there for awhile.

Just like me on which i dont really stress out myself or setting up some goal whether on what price it would be selling on because this is something that could really be stressful.
I would be selling if i do see that i could really make out some profits whether on a long term prospect or on short term.It will really varies on someones decisions whether
they do hold for long term or would like to sell for short term so it will vary on each person because we dont have the same mindset when it comes to that.

[rdbase]

Probably the only answer to this question from the op would be:
It is all dependent on an individual.

Why do you think there are so many exchanges and defi services offering you high interest rates so to hodl your bitcoins on their platforms.
Cause they know something is good with bitcoin and they would want to use them for leverage trading where ever they transfer those holdings too.

So for me, it would be never.
HODL til you die!
This is my philosophy when someone poses this question to me at the very least.

[Shasha80]

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.

2% profit strategy is also good 3 times a week where profits are compounded so you aren't forced to make profit daily.

Holding is good if you're interested in the cryptocurrency more than its fiat value and aren't worried about it being changed.
You said Hodl is better than selling: I disagree with this, sometimes selling is necessary.

If we have patience and already have stable finances, there is no problem holding in the long term to be able to generate large profits. However,
if it is difficult to be patient and in need of money in the near future, it is recommended to take profit with a small percentage. As you said, being able
to take a profit of 2%-3% is already very good, if it is done regularly then if it is accumulated it will be big too. So holding is not always better than selling,
it all depends on everyone's strategy. Therefore, try to think carefully about what strategy suits us best, because indeed everyone has their own way of
making profit from Bitcoin.

[Hippocrypto]

Probably the only answer to this question from the op would be:
It is all dependent on an individual.

Why do you think there are so many exchanges and defi services offering you high interest rates so to hodl your bitcoins on their platforms.
Cause they know something is good with bitcoin and they would want to use them for leverage trading where ever they transfer those holdings too.

So for me, it would be never.
HODL til you die!
This is my philosophy when someone poses this question to me at the very least.

Indeed. It is still depends on an individual if when they're going to sell or hold. Everyone will obviously have their own analysis and they will obviously know when to do HODL or not. Hold is a common strategy when investing, as long as there is hope for profit, hold is better than selling. It will also depend on the coin you are holding. I suggest that holding is much better until you reach your goal but, there's a time also that selling is necessary, so, it will depend.

[nurilham]

if it is our intention to invest then of course we will need a longer time to hold the coins we have. wait until the price is really high and it will take a long time to invest. but if our intention is to trade then I think if there is a moment when the crypto market is rising then we can sell it, we don't need to hold on for long because we must to take advantage of the moment when the crypto market goes up well. when the crypto market goes up then selling it is a good thing.

[TelolettOm]

The main thing to set when we are going to invest is about the goal and target.
We may no need to hold them along our life. But we need to set the certain oeriod or even set price to target and when reaching the price,we can sell them. Eventhough it is done in several steps or all in to sell.
Or if we are a long term investors, we can set this for some years laters.

[dimox]

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?

yep yep, the question is how much profit you want? how much profit you gain, is the answer of when the right time we should sell bitcoin. its about profit, 0.01, 0.1, or what number it is as long as you get it.
the problem is when we can satisfied our desire? people have own thought and regret.

[imteaz]

I guess it's time to sell, then buy the dip. Well lost few hndreed few days ago longing this, arghhh Well, Bitcoin this year might hit 100k, or not but it will surely go beyond 100k in 3 years time. So hold it if you can, well I bought bitcoin with $1200 sold it $1600, lol yeah back in 2015.

[molsewid]

I guess it's time to sell, then buy the dip. Well lost few hndreed few days ago longing this, arghhh Well, Bitcoin this year might hit 100k, or not but it will surely go beyond 100k in 3 years time. So hold it if you can, well I bought bitcoin with $1200 sold it $1600, lol yeah back in 2015.

Considering the current prices of the top of the crypto in the market I don't think so that it is time to sell because if I am the one who hold bitcoin or Ethereum for a quite long time and today for me is definitely a time to hold because I am very certain that bitcoin will going to hit a $100k ATH, maybe not this year but hopefully at the Q1 next year. For me this time is the perfect time to acquire your favorite top coin because of the price correction that takes place recently.

[jossiel]

I guess it's time to sell, then buy the dip.

You should have sold when it's on the top and it's the time to buy, the price has been dropping. You hold what you have and keep it while buying again.

Well lost few hndreed few days ago longing this, arghhh Well, Bitcoin this year might hit 100k, or not but it will surely go beyond 100k in 3 years time.

The aim for $100k is still there and we still have the month of December before this year ends.

So hold it if you can, well I bought bitcoin with $1200 sold it $1600, lol yeah back in 2015.

That's still profit for you. 

[forestx]

My plan is to sell at the end of this cycle but when that is I dont know
I have a target of 100K Btc and may start taking profits then depending on what the market is like
Other than that I will see if and when the market is over heated and fomo has kicked in like in April this year or December 2017

Of course all this looking abstract at the moment 

[lienfaye]

I guess it's time to sell, then buy the dip. Well lost few hndreed few days ago longing this, arghhh Well, Bitcoin this year might hit 100k, or not but it will surely go beyond 100k in 3 years time. So hold it if you can, well I bought bitcoin with $1200 sold it $1600, lol yeah back in 2015.

Currently the price is declining, if you're going to sell at this point it will look like you're afraid of further dip. Why not selling when the price is above $60k?

Anyway its up to us, so you can sell if you're happy with your gain profit, otherwise continue to hold. Certainly the price will increase and reach another ATH in the future but it will take time thus patience is a must.

[rodskee]

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"?

depend on how long you wanted , best to indicate your timeframe and not just focus in complete Holding like what the early adopters did, they are great in holding because their capital is just peanut , the amount they use to purchase are the funds we use to called " Can Risk to Lose" but nowadays that the value of Bitcoin is thousand dollars? i don't thin everyone can say that is something they can afford to lose.

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

In time that you sell that is the only way you can evaluate your profit so meaning it is your holding that will decide.

[phillipjackson]

The correct time is when you achieve your set target. And if you failed to sell it because of FOMO, then obviously you need to HODL it again till the time it hits your set target. And this time control your emotions.