Long Term Holders - When Do You Plan To Cash Out?

[jubalix]

For those people who are long term holders of btc or any crypto, do you have a plan of when you would sell it?

Im not certain if I can consider myself as a long term hodler since im not like others who can ignore their crypto even for long time because they can sustain themselves financially and not struggling.

In my case, I have set target price for my Bitcoin and altcoins on when im going to sell it. But I still take profit at times if my coins had a huge increase, this is to enjoy some of my earnings. Im holding some of my alts for few years now, but when it comes to my Bitcoin, there are times I get tempted to sell it especially if im really in need of money.

There's no wrong actually if you keep your bitcoins for long term hodling, but its certainly not a smart move for a wise investor. Yes, you can hold it as much as you can but you can't hold the assurance if its value will always moves up. There are times that its price suddenly drops down and then you miss the chance again to make profits. So its a always a smart idea to set your target selling price so you will also gain profits and not just on accumulating more bitcoin. Investing helps you create profits and capital gains, so you should always find time to sell your coins at a good price.

if you zoom out BTC is a very wise choice. Also don't diversify. here is why.

buy 100 BTC  at 1$ cash out 50% at 20$ like any traditional diversified investor theory/normies would tell you to

50 BTC and $1000 cash

another 20 x

25 BTC and $10000

12.5 BTC and 12.5 x 20000 = 250K

So now you have 12.5 BTC and 266K

You have thrown away 77.5 X 45 K or 3.4 Million.

But every one says diversify and 20x is way more than normines would hold and not take a profit.

If you choose to cash out, then do so with very small amount of your total, eg 1% ~5% of total holdings on or around what you think are run ups.

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[Leviathan.007]

Usually, the answer is never for a long term investor because as a long term investor people do not trust the fiat currencies to sell all the bitcoins and exchange into fiat, if you look at the chart in long term you will understand by rising the inflation rate the bitcoin investors are safe from the inflation and it's not the end because they also take profit over they asset they invested by having these advantages I don't think if any long term investor is willing to cash out his bitcoin because they truly trust and belave in bitcoin, just in the case of emergency they will exchange some a few shares of it and then buy again.

[TheNineClub]

For those people who are long term holders of btc or any crypto, do you have a plan of when you would sell it?  I am talking about the coins you are holding long term and not trading or selling short term etc.  Such that if you have a set amount of btc or crypto where you are holding long term.



Imagine someone with 5 btc which is a lot of money.  That is a lot of money even in first world countries but that isn't even enough to buy a house in many cities in a first world country.  But do people here have plans like okay the moment my btc or crypto is worth x amount of money, then I will cash out some part of it or everything?  



Now if someone has say 1 btc, they surely need btc to be at least mid 6 figures to even think about cashing it out if they want to think about retiring in a first world country?  I know everyone wants more money but if you have a few million dollars, that is more than enough for anyone even in a first world country to retire.  Having a million dollars in the US however doesn't make you rich anymore though from what I read.  But with people talking about price targets, it depends on how many btc you own for btc.  So even if btc went to 500k, well if you only have 0.1 btc, well you are not rich.  But someone with 5 btc is going to be rich.



The other thing is if someone has that much money, wouldn't it make sense for them to sell all their btc and basically invest in stablecoin and just earn passive income from it?  Imagine someone with 5 btc and btc goes to 500k.  That is 2.5 million dollars.  After tax, let say they still have at least 1.5 million.  But assuming they were holding long term, this number probably would be a bit higher?  But let say use 1.5 million dollars after taxes.  If that person takes 1 million dollars and then go buy a stablecoin like usdt and stake it on nexo or blockfi or gemini and earn at least 8%... they would earn 80k-100k a year in passive income in that stablecoin which they could then immediately turn it to fiat and cash to their bank account.  That is more than enough to live on assuming you do not have crazy expenses.  



Now obviously someone could also do staking of stablecoins if they earn a lot of money from stocks or real estate or whatever it maybe.  But wouldn't that be the smart thing to do if someone has that much money?  Putting money in a regular bank account make zero sense since you don't even earn 1 percent from it... more like 0.01 percent.  Also from what I read, with real estate, sure you earn money buying a house and renting it out but you gotta handle repairs and so many other things.  So it seems like putting money into stablecoins is the way to go assuming one has a good amount of money no matter where they earned it from?

For a while, I thought I would hold on to it for a significant period of time, but as with everything, goals change, and with that, I might be looking into selling most in a couple of years. But all of that is depending on the sentiment towards crypto in my country and governmental policies, so things might shift as laws shift. But even with that I would still consider myself a holder at heart.

[sumant]

If we talk about long term their is not any date. For me a long term is a money that will cash out when I need that money. For other stocks or shares long term will may be 20 or 30 years but in cryptocurrency long term has been seen in very short time. Overall long term will get depending on investors choice when he going to cash out or pulling another cryptocurrency. Sometimes cash out can be done at 100 or 1000x  so it is totally upon investors.

[taufik123]

Usually, the answer is never for a long term investor because as a long term investor people do not trust the fiat currencies to sell all the bitcoins and exchange into fiat, if you look at the chart in long term you will understand by rising the inflation rate the bitcoin investors are safe from the inflation and it's not the end because they also take profit over they asset they invested by having these advantages I don't think if any long term investor is willing to cash out his bitcoin because they truly trust and belave in bitcoin, just in the case of emergency they will exchange some a few shares of it and then buy again.

Like when there is inflation and the price of bitcoin is even higher and there will be a lot of profit. Long-term investors take profits in the long run and sell some when prices start high or there is a price target to be reached.
Some long-term investors also have a target price they need to reach in order to exchange it for Fiat currency, but of course not all of them will be sold.
Being a long-term investor has some challenges, namely when the price keeps going up and up, this will determine how strong the psychology in investing is.

Sell ​​some and take profit. Buy again when the price is very low, it will keep repeating.

[bakasabo]

I guess the right answer will be - when long term holder needs fiat, he will cash out. For me, there is no specific date. For me, cryptocurrency is not my primary source of income. I usually set some goals, like when Bitcoin hit ATH, cash out a little part to celebrate. Or right now I want to replace current laptop with a new one. As replacement is not urgent, I am planning to hold signature rewards until I get about $2k and cash out, while keep on holding crypto from trades.

[Retainly_Collie]

The issue depends on each individual's decision, and whether to continue holding or profit is not important, I think. I remember I made a lot of profit after about a year of buying and holding ETH. Indeed, nothing is perfect for me because I also missed the opportunity to sell at the high price of ETH and buy it back. At a lower price, but I'm still satisfied with what I get. I can be satisfied with everything achieved and am looking for more opportunities in the market.

[rodskee]

If we talk about long term their is not any date. For me a long term is a money that will cash out when I need that money. For other stocks or shares long term will may be 20 or 30 years but in cryptocurrency long term has been seen in very short time. Overall long term will get depending on investors choice when he going to cash out or pulling another cryptocurrency. Sometimes cash out can be done at 100 or 1000x  so it is totally upon investors.

Long term Holding is something that you can keep and the amount that you can also allow to risk and lose, and not a fund that you will look at whenever you badly needed funds because remember that volatility of this market tells us that there is no consistent chances when we can take profit or we can take losses.

If i am to decide? i will never let my guard decide instead i will allot specific time when to withdraw so when that day come? i can easily and heartedly take my funds without hesitation and without any bad feeling .

[TheGreatPython]

I don't understand why you can consider staking stablecoin is better than invest in Bitcoin. Those centralized platform only offer you 8% APY and you're risking your 1 million dollars to them! Don't cry if they turn as scam project. Bitcoin could offer you better than 8% APY and your coins are fully 100% safe if you hold on hardware wallet. Choosing stablecoin is like choosing bad investment and riskier than Bitcoin.

Regarding to your questions, why should I cash out my Bitcoin if I'm not needed yet?

He didn't say free but he said after taxes. Most stablecoins have a connection with fiats and banks therefore it's normal that they can be taxed but there are decentralized stable coins like DAI and they can be exempted from taxes. Stable coins' main use are only to prevent the unstable crypto from fluctuating but investing on them alone without investing first on volatile crypto can be useless.

Do not know if you can stake a stablecoin but if it's possible, the rewards that you will be getting are fixed but if you invest on bitcoin, you can earn unlimited rewards although the disadvantage is you can also lose huge once bitcoin price dumps.

[Hypnosis00]

I don't set any time frame until when I'm going to hold. Perhaps, selling could somewhat be going to commence at no specific time as it always depends on the needs and the market price. And besides, Long-term holding can be in years, several years of holding. There is no clear time when to sell but I think it was not important.

I hold and I keep holding until I have the reason to do the selling. But I'd never tried to think about it, I'd rather think about the future of my kids which these cryptos I hold can help them many years from now.

[virtualdn]

I will never sell all my BTC, some will remain to my kids and grandsons. I've never sold a Satoshi since 2013 so I have no idea when I will cash out, but if I will do it it won't be more than 10-15% then hoping to buy it back, time will tell. BTC is safer than stupid FIAT and banks anyway. Why sell? Sell to buy a house or two, but don't keep it in the banks, that's stupid. Inflation will kill your FIAT.

[Joshapat]

As long as I don't really need money then I will continue to hold, on the other hand if I need cash and there is no other alternative then I will sell even though the market is red, I think long term hold is an easy but very effective strategy to get big profits, and as long as I hold bitcoin, the results are very satisfying because I always profit, maybe the first hold term and make me lose is 2018

[acener]

Whenever I invested on a certain crypto for a long term investment I would set up a price when to sell it or a certain date.
I think it is what most of the long term holders are also doing whenever they invest for a long term,
But I would also depend on the situation when the price that I am aiming has been reached if I would sell it or wait a little longer.

[dezoel]

When I have enough money to retire? I mean not even then, because what would I do with all that money all at once? I like my job, I have been quite happy here, and that means I would be able to work until I can't anymore, and that means I would be able to save every month until I stop working from old age or from something else.

This is why I believe that we should not really be considering cashing out. I would prefer if I would just keep going until I die, then my child would inherit the money that I saved up in crypto. I can't say if I will ever have a child, but if I don't then the inheritance would go to a charity that I really trust, and really sure that the money would go to the right place.

[bitzizzix]

I just treat it as a reserve fund sometimes I sell it when I really need it, and even then very rarely because as long as I can get past it with fiat I don't.
I also don't know when to sell everything because I believe the price will continue to rise, and maybe I will when I want something big and backed up with a big upgrade.

[Mpamaegbu]

I love the fact that the altcoin I held in my portfolio is having the potential to do wonders this season. Am positive that it's going to give me thousands of dollars in profits in no short time. Am not in a hurry to withdraw, am just being calm trusting their price movement.

Would you mind telling us about the altcoins? Perhaps they might be of interest for someone here to pick up. We all like what makes us profit.

I've read many early adopters insisting they wouldn't sell off for any reason. I continue to ask if everyone decides to hodl perpetually how would Bitcoin have its value? I know that the value of anything is in its (trade) buying and selling or am I wrong on this?

[OgNasty]

Personally, I'd like to see obvious signs of a top.  A huge price increase with a massive volume spike while everyone is saying Bitcoin is the world's savior and we should all sell all our possessions to buy it.  That's what the cash out period looks like to me.  So long as there are still lots of people saying Bitcoin is a scam and won't be adopted, there is still room to run up.  It's important to remember that the top will be when Bitcoin's future looks the brightest.  Just like a few months ago when Michael Saylor was saying that Bitcoin would go up forever right before it lost more than half of it's market cap, it's the "irrational exuberance" that will signal the top.  Shout out Greenspan for those of you old enough to remember that quote.

[Finestream]

Everybody is in a different situation. Anybody who bought pre 2017 should probably have taken some pressure off their lives by buying a house or something. Never sell all your bitcoin, hell don’t sell over 50% but it’s a good idea to sell some to make significant positive changes to make your life better.

If anyone can keep bitcoin for the longest time, that's really good but most of the time, people do buy and sell to make consistent profits and create significant positive changes in their lives. I always want to be a long term hodler, but most of the time i end up being tempted to sell particularly when the prices reaches its peak. But of course, i never do all in selling because i'm still looking forward for a bigger value in the future. Well, its not bad to sell some of your coins as long as you are making profits from it and use it to create great changes in your lives.

[Argoo]

Maybe the right time to cash out the bitcoins we have is when the price is higher than the price we bought before, but for now I don't need funds, so I will keep the bitcoins I have, I will withdraw when I need them, and for sure when prices are high, so that I don't suffer losses like what happened in the previous year. But unfortunately now I only keep a little bitcoin, now I will learn from past experience, do not want to rush in cashing out the bitcoins that I have, I will hold it as much as possible.

Each long-term holder of a cryptocurrency has its own plan regarding the timing of its retention. In addition, life itself will always make adjustments in this matter, since from time to time we are faced with problems of necessary expenses. But anyway, it’s better not just to hold a potential cryptocurrency, but to use its peak price ups and downs to extract additional profit, which should be periodically withdrawn to fiat. It must be remembered that our capital in cryptocurrency is also subject to various risks, so everything must be done in moderation.

[Etranger]

I guess the right answer will be - when long term holder needs fiat, he will cash out. For me, there is no specific date. For me, cryptocurrency is not my primary source of income. I usually set some goals, like when Bitcoin hit ATH, cash out a little part to celebrate. Or right now I want to replace current laptop with a new one. As replacement is not urgent, I am planning to hold signature rewards until I get about $2k and cash out, while keep on holding crypto from trades.

I definetely agree that it depends on goals and circumstances. However, I set myself the goal of going into cache with a profit of at least 40%. If this percentage is not reached, I try to postpone the moment of caching out and look for other ways to meet the needs. And of course, I try never to sell everything I have.