At what point do you sell your Bitcoin forever, OR wait to buy back later ???

[HardFacts]

The Federal Reserve is raising interest rates, making money tighter, and popping the crypto bubble as well as many other speculative bubbles.   Almost all financial assets have gone up since 2008 in the face of massive money printing, and now that party is clearly OVER.   With the Federal Reserve now tightening, we will see cryptos and Bitcoin fall by more than you ever thought possible         

BE HONEST:  Who here would have believed last year that Bitcoin would be near 18,700 today ??  Everyone knows darn well that anyone correctly predicting such a price drop in bitcoin would have been ridiculed here in this forum.   So stop the self delusion for a minute and consider that Bitcoin could still go FAR LOWER...

So here is the question I am asking you guys:

1.   At what point do you guys lose faith in the dream of Bitcoin going to the moon, cut your losses and sell ??

2.   At what point do you sell your Bitcoin, Convert to cash, and wait to buy 20 times as many Bitcoin at a much lower price, say something like 1000 dollars ??

3.   Would you never sell, no matter what is happening in the crypto world, and ride Bitcoin down to the bottom ??

[1714803751]

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[landheer]

Indeed, no one expected bitcoin to fall further, and I myself did not think that bitcoin would fall deeper as it is today, but if we think clearly we will not be surprised because indeed the trade and economic cycles work like that, namely , there is an increase as well as a decrease. if I talk about bitcoin, of course I will sell bitcoin if there is a profit, and I have sold bitcoin at a high price, namely in 2021, which is the price range, 57000 dollars, and now I have started buying bitcoin again and I am buying bitcoin with a gradual system or can also be called the DCA system.

[GreatArkansas]

(....)
1.   At what point do you guys lose faith in the dream of Bitcoin going to the moon, cut your losses and sell ??

2.   At what point do you sell your Bitcoin, Convert to cash, and wait to buy 20 times as many Bitcoin at a much lower price, say something like 1000 dollars ??

3.   Would you never sell, no matter what is happening in the crypto world, and ride Bitcoin down to the bottom ??

1. First, I am using Bitcoin not only for investment but also for innovation of it and the future, that's why I do not a guy that is into an investment, I always expect Bitcoin will still regain it's all-time-high.

2. I will still not sell my Bitcoin not unless I need some funds that are in an emergency. Will still continue to be cheap once we will again drop below $10,000.

3. Yes, I will never sell even how dip we are or dump we will experience as I already huge drop around 2018-2019 before.

[CryptoHeadlineNews]

So here is the question I am asking you guys:

1.   At what point do you guys lose faith in the dream of Bitcoin going to the moon, cut your losses and sell ??

2.   At what point do you sell your Bitcoin, Convert to cash, and wait to buy 20 times as many Bitcoin at a much lower price, say something like 1000 dollars ??

3.   Would you never sell, no matter what is happening in the crypto world, and ride Bitcoin down to the bottom ??

Haven reach its All Time High in November last year of $68,000 per Bitcoin, i am very sure nobody would have believed had anyone predict Bitcoin will be $18,000 today. But however, by virtue that you are a member of the bitcointalk forum makes you a partaker and promoter of the Bitcoin movement, which means even though everybody forsake Bitcoin at its bearish stage, it is our duty as members of this forum to stand by Bitcoin to prove to the world why they need to believe in Bitcoin again, and not giving up just like others. Because thats the reason why we are been rewarded for signature campaign here, because if members of the bitcointalk community don't stand for Bitcoin, then who will?

[jossiel]

1.   At what point do you guys lose faith in the dream of Bitcoin going to the moon, cut your losses and sell ??

2.   At what point do you sell your Bitcoin, Convert to cash, and wait to buy 20 times as many Bitcoin at a much lower price, say something like 1000 dollars ??

3.   Would you never sell, no matter what is happening in the crypto world, and ride Bitcoin down to the bottom ??

1. Maybe if it becomes zero. There's nothing for me to cut though. 

2. If this like asking the price when to buy, I'd say that below $10k for me where I'll buy and use some from my savings to buy as much as I can.

But selling, I'd sell whenever I want and if I need to.

3. I'm selling because I have to and there's a need for me to get those cash, I'm in profit though and there's no regret whatever the price is currently sitting down.

[franky1]

BE HONEST:  Who here would have believed last year that Bitcoin would be near 18,700 today ??  Everyone knows darn well that anyone correctly predicting such a price drop in bitcoin would have been ridiculed here in this forum.   So stop the self delusion for a minute and consider that Bitcoin could still go FAR LOWER...

2.   At what point do you sell your Bitcoin, Convert to cash, and wait to buy 20 times as many Bitcoin at a much lower price, say something like 1000 dollars ??

a few things to tell you.

A. when bitcoin goes to new ATH. it ALWAYS corrects back down
bitcoins ATH are not a point of sustained value where bitcoin should remain. the ATH are the temporary events that are high premium speculation bubble that pop and correct back down to value

B. value is not found at the top where the dip/correction is the surprise. value is found at the bottom where the ATH is the surprise

C. the new "bottom" aft a new ATH is a higher bottom than the previous bottom before the ATH

D. if you think that people selling today can buy back in at 20x less. you do not have a clue about the value cycles and the underlying value function..

E. the underlying value where NO ONE is stupid enough to sell below (the bottom of the bottom.. the non zero value. the no mans land that supports the market above that line.. has an actual thing supporting it)

f. that thing is the underlying most efficient method to acquire bitcoin where no one on the planet will get it for less.. which is the most efficient mining cost.
at the moment this sits at $15k. and by the next halving cycle will be more then $15k meaning the market orders above this amount will also be higher

ethereum for instance went into a change where the underlying cost of acquiring ethereum has taken a 20x drop.. so expect ethereum to do as you dream of having a 20x fall.. this is because PoS is alot cheaper to mint new coin..

but bitcoin is different. it has actual hard costs in its creation of new coin. people that cant afford to mine it. instead buy it. and so they are wiling to pay a premium(ontop of the underlying cheapest cost) to get it with the convenience of getting it without the effort and time of mining it. which makes the market above the underlying cost.

if you understand the things involved in price discovery. you would understand for bitcoin to drop 20x the underlying costs have to drop by that amount

.. remember the ATH are not the value/sustained price.. the ATH are the temporary events.
so calm down when you cry that you bought at a ATH and didnt realise that it was going to correct.

because now you have learned. you can take advantage of bitcoin now that its near the low. and cheap to buy. to be in the buying phase now..

so last point

G. buy low sell high.. dont buy high cry low.. bitcoin is at its LOW. not its high

[NotATether]

So here is the question I am asking you guys:

1.   At what point do you guys lose faith in the dream of Bitcoin going to the moon, cut your losses and sell ??

Never.

The rest of your questions aren't worth answering.

Bitcoins going to become a global currency or we'll die trying.

[tranthidung]

This is a wrong question.

I bet that if anyone already join Bitcoin market and get profit by selling it, it is very hard to say never join it again after selling.

It is never wrong to invest with your knowledge, belief and confidence, then take profit to get and protect your initial capital as well as enjoy some piece of profit. However, it is never wrong to use part of your profit (not initial capital) to wait for good entries and join it again. Your waiting time can be months or 2 years but it is a well-deserving waiting time.

[mk4]

1. When it's the case that Bitcoin had a certain unfixable problem — which is very very unlikely.

2. I don't. Because I'm totally aware that I can't time markets. I just always make sure that I have cash ready for buying catastrophic drops.

3. See #1

[Getmon]

1. If Bitcoin drops to $1,000? But we know that it will not happen again.
2. I am undecided. It will be highly dependent on how much Bitcoin I hold and accumulate while it is still cheap. But if Bitcoin can get as far as $99,000, I am planning to sell some.
3. I heard about quantum computers but I am also uncertain if it is really capable of attacking Bitcoin. For as long as the Bitcoin network is stable and decentralized, I will ride with it.

[Strongkored]

2.   At what point do you sell your Bitcoin, Convert to cash, and wait to buy 20 times as many Bitcoin at a much lower price, say something like 1000 dollars ??

I'll only sell it for what's important, not because I'm worried about seeing a decline or because I want to chase the price down so I can buy more, and I think many people think like me who made the decision to sell not because of the price and my guess is people like this is those who are not involved in trading.
Indeed, many will be worried when the price drops even more than now, but isn't this something that always happens in the crypto world worry because always focus on news

[posi]

Indeed, no one expected bitcoin to fall further, and I myself did not think that bitcoin would fall deeper as it is today, but if we think clearly we will not be surprised because indeed the trade and economic cycles work like that, namely , there is an increase as well as a decrease. if I talk about bitcoin, of course I will sell bitcoin if there is a profit, and I have sold bitcoin at a high price, namely in 2021, which is the price range, 57000 dollars, and now I have started buying bitcoin again and I am buying bitcoin with a gradual system or can also be called the DCA system.

Those who don't want bitcoin to fall further are the ones who bought bitcoin at a higher price than it is now and they are losing money, they hope bitcoin doesn't drop and rise because they don't want to lose more. Or those who have bought enough bitcoins that they want and now expect it to grow to make a profit. There are many people waiting for bitcoin to fall further, because they haven't bought enough bitcoin for themselves, they want a bigger profit if they can buy it at a lower price.

I myself expect the bear market to last for as long as possible to accumulate as many bitcoins as possible, if we lose this opportunity and the bull season comes, I think we will run out of chances of seeing bitcoin at 20k again. Just like 2018, people who didn't buy bitcoin at 3k will never get a chance to see it.

[Invester]

Indeed, no one expected bitcoin to fall further, and I myself did not think that bitcoin would fall deeper as it is today, but if we think clearly we will not be surprised because indeed the trade and economic cycles work like that, namely , there is an increase as well as a decrease. if I talk about bitcoin, of course I will sell bitcoin if there is a profit, and I have sold bitcoin at a high price, namely in 2021, which is the price range, 57000 dollars, and now I have started buying bitcoin again and I am buying bitcoin with a gradual system or can also be called the DCA system.

Those who don't want bitcoin to fall further are the ones who bought bitcoin at a higher price than it is now and they are losing money, they hope bitcoin doesn't drop and rise because they don't want to lose more. Or those who have bought enough bitcoins that they want and now expect it to grow to make a profit. There are many people waiting for bitcoin to fall further, because they haven't bought enough bitcoin for themselves, they want a bigger profit if they can buy it at a lower price.

I myself expect the bear market to last for as long as possible to accumulate as many bitcoins as possible, if we lose this opportunity and the bull season comes, I think we will run out of chances of seeing bitcoin at 20k again. Just like 2018, people who didn't buy bitcoin at 3k will never get a chance to see it.

Me too. I am one of those people that only watched bitcoin at 3k and didn't buy due to fear that it won't stop dropping.

This time I do not want to lose the opportunity. I am observing how the market evolves in the next months to come. I have very little bitcoin savings at the moment, it's less than a single bitcoin. I am buying gradually. DCA is better than a one time buy. I have this hunch that bitcoin is still to bottom down this year or next year but it is hard for us to timing it.

[lienfaye]

3.   Would you never sell, no matter what is happening in the crypto world, and ride Bitcoin down to the bottom ??

I do take profit when really needed, but to say that I will sell all my Bitcoin because of the fear that it might go down to bottom? I wont do that. Because I dont want to have regrets again (just like before) for not holding my Bitcoin and was tempted to sell way too early. Who would have thought the price will skyrocket? If you're afraid for the worse case that can happen then you're free to quit. But for investors who are used to this kind of situation, they know what's the best thing to do, and that is fill their bags and ignore those spreading FUD.

[Zaguru12]

3.   Would you never sell, no matter what is happening in the crypto world, and ride Bitcoin down to the bottom ??

There's is a saying that "the pain you feel today will be the strength you feel tomorrow" .
So right now you have to choose between the pain of discipline today or the pain of regret tomorrow.

Please HODL

[Davidvictorson]

So here is the question I am asking you guys:

1.   At what point do you guys lose faith in the dream of Bitcoin going to the moon, cut your losses and sell ??

2.   At what point do you sell your Bitcoin, Convert to cash, and wait to buy 20 times as many Bitcoin at a much lower price, say something like 1000 dollars ??

3.   Would you never sell, no matter what is happening in the crypto world, and ride Bitcoin down to the bottom ??

It is too late to lose faith in the Bitcoin dream now. I am too knowledgeable about it and it's potentials. I have built a team of bitcoin believers in my local community both online and offline. And the only thing we do with the current market price fluctuations is buy more through DCA. I can't ever remember us having a conversation about throwing in the towel with bitcoin. It is never on the agenda. Bitcoin has crossed the Rubicon. It can never DIE

[Captain Corporate]

I would never lose hope on bitcoin, if the price drops too low then I would be able to just buy more of it, because thats how much I trust it, for me it is something that I would always invest into, it could become 1000 dollars tomorrow and I would be happy to buy some more, that will never change. Its not just about making money for me, its about something much bigger, its a currency that banks and governments can't control and that "idea" is the reason why I am involved and I would always be involved in it, would never change that ever in my life. Which is the main big reason why price doesn't decide what I think about it.

[pooya87]

US economy is falling apart, FED is only trying to slow it down by manipulating the market (increase rates while printing more money and while all the countries dumping US dollar are sending massive amounts back to US). Until that fall is complete we will see US markets crash and bitcoin will be affected but not as much anymore since all the weak hands are out and the Americans holding bitcoin who were starving have mostly sold their coins already.

The rest of the world doesn't really care.

1.   At what point do you guys lose faith in the dream of Bitcoin going to the moon, cut your losses and sell

That's the problem with newbies like you and the reason why dumps like this are fantastic for bitcoin because it purges people like you.
You were introduced to the cryptocurrency scene as a scene where you could become rich overnight. The rest of us were introduced to bitcoin as the only way to reach financial sovereignty.
So the difference is that you bought some shitcoins that promised you big returns and lost 90%+ of your investment but I started using bitcoin as a currency and have increased my income and freedom.

[maydna]

We never imagined that bitcoin would become what it is today and hit a low like last year when the bull run had not yet started. But we still believe in bitcoin and still hold bitcoin for us to sell at the highest price in the future. I'm not selling bitcoin at this time, but instead, I'm buying bitcoin again at a low price because I believe the price will still be able to return to the last ATH and will make a new ATH again.

I will sell bitcoins if they hit highs like last year's ATH because that's the best time to sell bitcoins. And if the price can drop any deeper than it is now, I'm sure people will use it to buy more bitcoins and hold on to it tight while waiting for the price to reverse to a very high price.

But if I needed fiat money, I would sell some bitcoins because it was a sudden need that I had to fulfill. And that will be okay for me because I still have a few more in my wallet.

[glendall]

no one expects bitcoin to fall further, but if it falls like this I personally will hold my bitcoins until they are worthless if that is the ultimate goal of bitcoin, I believe bitcoin will return to the moon as before,
I will buy bitcoins back at a certain price which is the price I have targeted and I use it to sell - buy can be said to be looking for profit from the bitcoins that are held up

[pepebcn]

I have very clear my answer: the right moment to sell Bitcoin is NEVER. "Why do u buy it if you are not gonna sell it?" "When are u gonna take ur profit?" These are the questions that I expect of course. If you know what is Bitcoin, and you know without any doubt that it's value today is ridiculous comparing with the price it will have in few years, u need to know that having Bitcoin is the best reserve of value that you will ever have.

That means that u don't need to sell ur Bitcoins to enjoy ur life. Why? In future, your Bitcoins will be the best guarantee u can afford to buy a house, take a loan o whatever u wanna make. Why to sell ur BTC loosing the opportunity to have them in the far future? Why to spend 1 BTC in a car in 2025 (for example) if you ill be able to buy a house with 1 BTC (in 2030)? The best you can do is buy Bitcoin, Hodl them forever and NEVER be afraid about the Bear Markets.

[Eternad]

Never sell is the most bullshit thing I heard from crypto people because most of them that spouting that nonsense are those who just want quick profit and they are using that word for shilling purposes. We are all buying Bitcoin to invest and earn in the future so no one in the right mind who will not sell there holdings if they already have a good profit. They should just throwaway there private key if they really want to not sell. 

The best way to do is to read the trend in longer time frame. Buy when there’s an obvious bear trend in longer time frame and vice versa. Don’t trade using short time frame because you will be just confused and panic to the price swings of Bitcoin.

[pooya87]

Never sell is the most bullshit thing I heard from crypto people

You are right about altcoin bag holders but we are talking about bitcoin here.
I don't have to sell my bitcoin ever and yet I will benefit from the increased purchase power by simply spending my bitcoins. In fact over the past 8 years that I have been using bitcoin, I have only sold my coins a handful of times. The rest I have spent them just like the fact that a good portion of my stash is actually earned not bought.

Because as I always say: bitcoin is a currency not an investment.

[Tony116]

1.   At what point do you guys lose faith in the dream of Bitcoin going to the moon, cut your losses and sell ??

I sold my bitcoins in the past and I learned my lesson and now I know what I am doing with bitcoin. I don't see any reason to lose faith in bitcoin at the moment, I can assure you that bitcoin will rise again at some point in the future.

2.   At what point do you sell your Bitcoin, Convert to cash, and wait to buy 20 times as many Bitcoin at a much lower price, say something like 1000 dollars ??

I will only sell when I hit my target, maybe $200k or more. The market is very unpredictable, there is no guarantee that bitcoin will fall deeper or will increase in price, so selling bitcoin and expecting to buy it back at a cheaper price is very risky. At the current price, I think it is very suitable to buy and hold for the long term.

3.   Would you never sell, no matter what is happening in the crypto world, and ride Bitcoin down to the bottom ??

I told you I will sell when bitcoin hits my target, if bitcoin falls below $15k I will buy more instead of sell.

[pepebcn]

Never sell is the most bullshit thing I heard from crypto people because most of them that spouting that nonsense are those who just want quick profit and they are using that word for shilling purposes. We are all buying Bitcoin to invest and earn in the future so no one in the right mind who will not sell there holdings if they already have a good profit. They should just throwaway there private key if they really want to not sell. 

The best way to do is to read the trend in longer time frame. Buy when there’s an obvious bear trend in longer time frame and vice versa. Don’t trade using short time frame because you will be just confused and panic to the price swings of Bitcoin.

Any opinion is respectable but qualifying mine as bullshit is completely disrespectful and in your case, it also denotes an alarming degree of ignorance. You haven't understood the half of it.
First of all, if you buy an asset like a house for the purpose of appreciation, you know that the price will rise in the long run, but there will be periods (even long ones) when the price will fall. This fact does not mean that you have to sell the properties and sell them continuously.
On the other hand, I understand that now it is difficult for you to understand that you need to sell to make a profit. In the future, it will be the most normal thing in the world. Use your Btc as collateral. Why sell 1 Btc and lose its revaluation forever, being able to use it as collateral for a loan in fiat currency that will devalue over time at relatively low interest?

[Flexystar]

Usually I am considering bitcoin as normal currency these days. Like I am trying to earn it with different ways around the forum and outside the forum, doing odd jobs for it and keep cashing out them as and when needed. To be honest, there is some reserves that I have locked up forever for bitcoin. That's not much, may be around 1500-2000 bucks by now which I have been saving up. If they turn out into millions in the future then it's good but if they don't then its not big problem. I am not dependent on bitcoin, I am just keeping bitcoin as side hustle these days. Whatever I earn from my part time job goes into it and whatever I am earning on forum/outside I am cashing out for my weekly budget management. I have learned one interesting fact about bitcoin: The more you stress and talk about its price and stuff, the more you will get depressed out of it. Just relax diversify your budget.

[Bitstar_coin]

Selling is allowed because it is an investment which will take profit at some point and you can only do that by Selling some of your btc. You can sell during the ath period and buy back in times like this.

Btc is a long term asset, so those who are advocating never Selling are probably looking at the bigger picture...... meaning if btc is here to stay as long as it takes, if you cash out everything, then what?   
What other assets that can be like btc! With this type of mindset set Selling everything and moving on is not an option.

Nobody knows how low btc will go this time but the it always bounce back up which a much higher price that previous ath, I don't you want to miss out on that.

[Lucius]

BE HONEST:  Who here would have believed last year that Bitcoin would be near 18,700 today ??  Everyone knows darn well that anyone correctly predicting such a price drop in bitcoin would have been ridiculed here in this forum.   So stop the self delusion for a minute and consider that Bitcoin could still go FAR LOWER...

Be honest with yourself and say why you appear on the forum only when you are motivated to do so by the price of Bitcoin in a negative sense?

All those who understand Bitcoin knew that a correction would happen, and that we could have expected what is happening now, considering that something similar has already happened several times in the past. Your obsession with the fact that Bitcoin will fail is already well known, but even though you have been trolling the same things since 2019, Bitcoin is still there regardless of the price (which is not the only relevant criterion) and will be for a long time after you realize how much you wasted your time convincing others that Bitcoin is a bubble and that its real value is somewhere around zero.

Bitcoin is in a huge BUBBLE, but this does not change the fact that bitcoin has an intrinsic value of zero.   It is possible to trade, and become very wealthy in a bubble  Smiley   If I could predict Bitcoin's huge price swings, I would absolutely be trading and taking advantage of this.  BUT, be careful, know when to get out because those that are still in Bitcoin will be FINANCIALLY WIPED OUT when the bubble pops.   No one wants to hear that they are investing in a bubble, the very definition of a bubble is that the vast majority of people are ABSOLUTELY WRONG in their investment.  Here are a few reasons why you need to be especially careful in Bitcoin:

[pepebcn]

The Federal Reserve is raising interest rates, making money tighter, and popping the crypto bubble as well as many other speculative bubbles.   Almost all financial assets have gone up since 2008 in the face of massive money printing, and now that party is clearly OVER.   With the Federal Reserve now tightening, we will see cryptos and Bitcoin fall by more than you ever thought possible         

BE HONEST:  Who here would have believed last year that Bitcoin would be near 18,700 today ??  Everyone knows darn well that anyone correctly predicting such a price drop in bitcoin would have been ridiculed here in this forum.   So stop the self delusion for a minute and consider that Bitcoin could still go FAR LOWER...

So here is the question I am asking you guys:

1.   At what point do you guys lose faith in the dream of Bitcoin going to the moon, cut your losses and sell ??

2.   At what point do you sell your Bitcoin, Convert to cash, and wait to buy 20 times as many Bitcoin at a much lower price, say something like 1000 dollars ??

3.   Would you never sell, no matter what is happening in the crypto world, and ride Bitcoin down to the bottom ??

I could say you are an ignorant person, like many people probably are thinking, but when someone says BTC is a bubble or a ponzi scheme, or bullshit like that I always say them the same: Please, develop why Bitcoin is a bubble and why is a fraud. 90% of times there is no answer, the other 10% very poor arguments. Maybe u surprise me this time..

[Findingnemo]

So here is the question I am asking you guys:

1.   At what point do you guys lose faith in the dream of Bitcoin going to the moon, cut your losses and sell ??

2.   At what point do you sell your Bitcoin, Convert to cash, and wait to buy 20 times as many Bitcoin at a much lower price, say something like 1000 dollars ??

3.   Would you never sell, no matter what is happening in the crypto world, and ride Bitcoin down to the bottom ??

1. Everyone who is in the crypto market knows there are bear and bull trends followed by each other so sell doesn't necessarily mean they lost the faith, it can be their goal price once they hit it they go for sell or atleast the capital.

2. It depends but I don't wait for 20 times less price than its ATH, when it reach 70% then its good deal for long term.

3. Part of my portfolio but not entirely in that way.

[fullhdpixel]

BE HONEST:  Who here would have believed last year that Bitcoin would be near 18,700 today ??  Everyone knows darn well that anyone correctly predicting such a price drop in bitcoin would have been ridiculed here in this forum.   So stop the self delusion for a minute and consider that Bitcoin could still go FAR LOWER...

I think no one believes that because what we see last year is only a bull run. We know that bull run can't last forever but we only assume that the fall is not going to be hard than what we are currently seeing now. No one can accurately predict the price of bitcoin and if ever there are predictions who are close to it then I think it was only a co-incident.

My answer to your question would be is; I will never lose my faith in bitcoins no matter what happens. Selling at a loss is I think not a loss of faith in btc as long as they can re-buy again later on. That is only one of the strategies that mainly used by the traders. Never tried that since I am only an investor but I just hodl and buy more once the price dumps.

[so98nn]

Bitcoin is a dream coin and it would be great to hodl it for as long as I could. I have already missed great opportunities in the past and whenever I got the chance I sold off most of the coins I had. However, since 3-4 years now I am saving up big amount from my earnings and putting them on my ledger. In fact I have given the ledger to my mom so that I wouldn’t just go and plug it in for selling the coins. This is just to stop the urge of selling my bitcoins. I would always get Share to my selling wallet before sending them to ledger.

[Finestream]

So here is the question I am asking you guys:

1.   At what point do you guys lose faith in the dream of Bitcoin going to the moon, cut your losses and sell ??

Never.

The rest of your questions aren't worth answering.

Bitcoins going to become a global currency or we'll die trying.

If you end up losing faith in bitcoin, then you’re not supposed to be here as part of bitcoin community. Bitcoin is the future and it’s here for good, so most likely it will end up getting global adoption and turned into global currency. Otherwise, it will only remain as the best asset in crypto investments and still make a lot of big changes in our lives.

[LittleBitFunny]

Never sell is the most bullshit thing I heard from crypto people because most of them that spouting that nonsense are those who just want quick profit and they are using that word for shilling purposes. We are all buying Bitcoin to invest and earn in the future so no one in the right mind who will not sell there holdings if they already have a good profit. They should just throwaway there private key if they really want to not sell. 

The best way to do is to read the trend in longer time frame. Buy when there’s an obvious bear trend in longer time frame and vice versa. Don’t trade using short time frame because you will be just confused and panic to the price swings of Bitcoin.

The way I understand it when someone declares that they will never sell their bitcoins, it's not that they will keep their bitcoins until they die, they will sell when their profit target is reached or they want to assure people that they have absolute faith in bitcoin, no matter how much bitcoin falls they will never sell it. Many people hold bitcoins from 2013-2015 and so far they haven't sold bitcoins when you ask them during this bear season they will say "never sell".
Those who really understand and see the value of bitcoin have no reason to sell their bitcoins too soon or get too low a profit to sell.

[Russlenat]

So here is the question I am asking you guys:

1.   At what point do you guys lose faith in the dream of Bitcoin going to the moon, cut your losses and sell ??

Never.

The rest of your questions aren't worth answering.

Bitcoins going to become a global currency or we'll die trying.

I will always keep my faith with bitcoin even if it’s price will always be going downtrend. So what? It’s part of the bear market season and instead of seeing it as a threat, let’s consider it as a new opportunity to maximize our bitcoin portfolio. Nevertheless, bitcoin will never fail is simply because there is huge demand from its community so it will always recover and skyrocket its price again.

[Sanitough]

3.   Would you never sell, no matter what is happening in the crypto world, and ride Bitcoin down to the bottom ??

I do take profit when really needed, but to say that I will sell all my Bitcoin because of the fear that it might go down to bottom? I wont do that. Because I dont want to have regrets again (just like before) for not holding my Bitcoin and was tempted to sell way too early. Who would have thought the price will skyrocket? If you're afraid for the worse case that can happen then you're free to quit. But for investors who are used to this kind of situation, they know what's the best thing to do, and that is fill their bags and ignore those spreading FUD.

Bitcoin has already proven that it will never settle for anything low and invaluable, instead it will always manage to recover and surge high again in due time. So this will always be my motivation and will never end up selling at a loss unless unforeseen emergency cases require it so. But other than that, I will never sell my bitcoin just because others are in panic selling.

[DannyHamilton]

We will see cryptos and Bitcoin fall by more than you ever thought possible

Will we though?  Any attempt to predict the future exchange rate of Bitcoin in the short term is futile. If you turn out to be right it has far more to do with luck than any ability of yours to foresee the future.
  

BE HONEST:

Absolutely.

Who here would have believed last year that Bitcoin would be near 18,700 today ??

I predicted lower than that.

Everyone knows darn well that anyone correctly predicting such a price drop in bitcoin would have been ridiculed here in this forum.

Now who is being dishonest?

Just take a look for yourself. Here's a post of mine from September 2021 (you know, a year ago?)

I expect 2022 to begin with a Bitcoin exchange rate somewhere between $10,000 and $150,000.
I expect 2022 to end with a Bitcoin exchange rate somewhere between $3,000 and $400,000

Anyone giving you an exact number (or even a small range) is just guessing.  They may turn out to be right, but that's just because they got lucky in their guess, not because of any actual ability to predict the future.

Bitcoin is volatile.  The exchange rate can fluctuate by dozens of percentage points over very short periods of time. It's impossible to reliably predict any specific value for any time in the future. It's my belief that overall the long-term trend is upwards, so 5 to 10 years from now, it will almost certainly be higher than $45,000.

Look at that. Isn't that interesting.  I've been saying similar things for a decade now. Did I get ridiculed by anyone with any significant reputation on this forum??

So stop the self delusion for a minute and consider that Bitcoin could still go FAR LOWER...

Of course it could. It always could.  Here's an idea though... how about you stop the delusion for a minute and also consider that Bitcoin could still go FAR HIGHER...

If I buy $100 worth of bitcoin today, and the exchange rate drops all the way to $2000, I'll have lost $90.  However, if (when?) it eventually rises to $1,000,000 I'll be sitting on $10,000.  I'm happy to take a small risk of losing $90 for a huge potential gain of $9,000 or more. Aren't you?

So here is the question I am asking you guys:

1.   At what point do you guys lose faith in the dream of Bitcoin going to the moon, cut your losses and sell ??

I don't actually care if it goes to the moon or not.  Bitcoin is money. I hold it as money. I use it as money. Sometimes it experiences increases in buying power, sometimes it experiences losses in buying power. That's true of ALL money.  I don't hear you asking the same question about other forms of money.  At what point do you lose faith in the dream of U.S. dollars going to the moon, cut your losses, and sell all your U.S. dollars?

2.   At what point do you sell your Bitcoin, Convert to cash, and wait to buy 20 times as many Bitcoin at a much lower price, say something like 1000 dollars ??

You said, "here's the question".  That's a second question.  Might want to work on your counting skills.

Sell my Bitcoin?  No thanks.  I'll continue to acquire it whenever I have some income available, and I'll continue to spend it whenever I see an opportunity to buy something I want.  Same as any other money.  If it drops to $1000, I'll buy some then.  If it rises to $100,000, I'll buy some then.  I'll just keep buying whenever I can.  Trying to time the market is a fool's errand. You may get lucky and get it right occasionally, but you'll only form bad habits and lose it all eventually.

3.   Would you never sell, no matter what is happening in the crypto world, and ride Bitcoin down to the bottom ??

There is no bottom.  There are ups, there are downs.  It can always go lower. it can always go higher.  I prefer to acquire when possible and spend on the things I need and want in my life (just like with ANY other money).

[MainIbem]

So here is the question I am asking you guys:
1.   At what point do you guys lose faith in the dream of Bitcoin going to the moon, cut your losses and sell ??
2.   At what point do you sell your Bitcoin, Convert to cash, and wait to buy 20 times as many Bitcoin at a much lower price, say something like 1000 dollars ??
3.   Would you never sell, no matter what is happening in the crypto world, and ride Bitcoin down to the bottom ??

It all depends on the individuals for what you want to do either by holding or sell off when the market seems not to be favorable, it's self determinant on what you need. Maybe if you don't feel secure with the price at hand you can sell off and wait a little dip before buying back again. I have witness a lot about bitcoin and its movement so i don't get bothered anymore, even when the price escalate to $70k i knew it would dip again before finally getting to $100k which might happened after the next bitcoin halving.

Although if i have something important to do with my investment fund i would love to secure my funds by trading it to USDT or busd after some much changes i can decides to buy more and hold.

[VanillaH]

While the FED is tightening the money supply, we will eventually return to looser policies.

Bitcoin is sound, and so I intended to keep it for a while.

[Vaculin]

3.   Would you never sell, no matter what is happening in the crypto world, and ride Bitcoin down to the bottom ??

I do take profit when really needed, but to say that I will sell all my Bitcoin because of the fear that it might go down to bottom? I wont do that. Because I dont want to have regrets again (just like before) for not holding my Bitcoin and was tempted to sell way too early. Who would have thought the price will skyrocket? If you're afraid for the worse case that can happen then you're free to quit. But for investors who are used to this kind of situation, they know what's the best thing to do, and that is fill their bags and ignore those spreading FUD.

I guess selling some of your assets even with bitcoin is not a mistake, as long as you never consumed them all at once  and have left some bitcoin for future profits. That is even wiser I think, taking profits from time to time. However, when the market is consistently bearish, then there’s no reason to sell but to take chances and every opportunity to buy more bitcoin as it’s low and affordable price. For how long this bearish market will stay, I really don’t know but one thing is certain, I will never quit from bitcoin knowing it will always give us profit satisfaction in due time.

[Ahli38]

The Federal Reserve is raising interest rates, making money tighter, and popping the crypto bubble as well as many other speculative bubbles.   Almost all financial assets have gone up since 2008 in the face of massive money printing, and now that party is clearly OVER.   With the Federal Reserve now tightening, we will see cryptos and Bitcoin fall by more than you ever thought possible        

BE HONEST:  Who here would have believed last year that Bitcoin would be near 18,700 today ??  Everyone knows darn well that anyone correctly predicting such a price drop in bitcoin would have been ridiculed here in this forum.   So stop the self delusion for a minute and consider that Bitcoin could still go FAR LOWER...

So here is the question I am asking you guys:

1.   At what point do you guys lose faith in the dream of Bitcoin going to the moon, cut your losses and sell ??

2.   At what point do you sell your Bitcoin, Convert to cash, and wait to buy 20 times as many Bitcoin at a much lower price, say something like 1000 dollars ??

3.   Would you never sell, no matter what is happening in the crypto world, and ride Bitcoin down to the bottom ??

I will gradually sell in the next bull run and buy back gradually in the next bear market.

About comes to the loss of trust in bitcoin. then I don't know that. but clearly, now I'm in the accumulation stage. because we are in a bear market. so it doesn't matter if bitcoin drops lower. because it opens up opportunities for me and all who want to accumulate bitcoins.
for some it may be that bitcoin's dip has made him panic and sell.

but for me it is the best moment to accumulate. I advance when others retreat. I really like going in when the waves are calm. So I'll let the panicked person finish selling. the sign of the end of the panic selling people is the market is going a little sideways (a calm wave). that's where I always go to do accumulation.

Fear and Greed are the real enemies of a trader.

[BITCOIN4X]

When bitcoin has become a trading and investment asset, then I think it would be great to take profits when the price is favorable. I invest in bitcoin not to store value, but i want to take profit from it so i will sell it when i see profit.

The profit target that I can consider for each investment cycle is 20% - 25%, so when it has not been achieved then I will be willing to hold it even if it takes a lot of time. Downside risk is always possible, so buying a few more bitcoins for accumulation would also be good for alternative solutions and maximizing opportunities. This will certainly make for better profit opportunities if the market recovers, but I have to have a little bit of note for each buy.

[mayfair_coin]

I sold my bitcoin in 2021 when it was at all time high and i am buying it when it is falling down. Not just i am buying due to falling. I am buying this time because i have faith in bitcoin , it will surely increase in future.

[Doan9269]

Who here would have believed last year that Bitcoin would be near 18,700 today ??  

Actually none but we all are minded of the volatility in bitcoin price so seing this happening should be a sudden surprise because this is not it's first time neither will it hebthe last and every active bitcoiner that knows what he's doing should understand the need for volatile price in bitcoin

Everyone knows darn well that anyone correctly predicting such a price drop in bitcoin would have been ridiculed here in this forum

The fact is that anyone can come up with his own research about the price movement base onnhis speculative abilities but the truth is that everyone can't be right in their predictions most of which are guess, that is why it is always important for individuals to engage on personal research as we often termed it "DYOR".

So stop the self delusion for a minute and consider that Bitcoin could still go FAR LOWER

It may go dip the more and it may not but either of the two means nothing to affect it's value and reputation from being a digital currency.

1.   At what point do you guys lose faith in the dream of Bitcoin going to the moon, cut your losses and sell ??

When i feel I've realised enough profit from my investment with bitcoin after some years of hodling,i may choose to sell but will still buy the deep the more.

2.   At what point do you sell your Bitcoin, Convert to cash, and wait to buy 20 times as many Bitcoin at a much lower price, say something like 1000 dollars ??

Whenever needs arises but those are not the investment addets am selling from but rather the little savings i hodl for mimor expenditures

3.   Would you never sell, no matter what is happening in the crypto world, and ride Bitcoin down to the bottom ??

Know this and be rest assured that bitcoin is not going down the bottom pit neither am i riding towards that direction with it but volatility remains constant and bitcoin remains a digital currency.

[Gallar]

I still won't sell it, because bitcoin is going down like this, it might be the impact of covid 19,
so everyone who invests in bitcoin starts selling their assets for their daily needs

and I believe the world economy will recover soon,
I also hope that bitcoin and other cryptos will stabilize again,

I'm sure bitcoin will be even better in the future.

[bitzizzix]

I sold my bitcoin in 2021 when it was at all time high and i am buying it when it is falling down. Not just i am buying due to falling. I am buying this time because i have faith in bitcoin , it will surely increase in future.

As long as you sell it in a very profitable situation, it's okay and buy it back when it drops, and the current decline is a good choice to buy because the bitcoin price drop is already more than 50% of its high price. And hold it for the long term, or you can do DCA considering the current bitcoin price is only moving slightly up and down which I think DCA is the right choice.

I personally only sell part of the profits when the bitcoin price reaches its ATH, and just want to enjoy the profits I get to buy something that I think costs a lot of money. And when the price of bitcoin goes down again I buy again like now which I think is the right choice to make a purchase and I do DCA, bitcoin is a future that I think will be much better and profitable, so I must still have bitcoin even though I make a sale and only sell part of the profit even then if really need it but I still cover it when the price drops again and it's even more profitable.

[Luzin]

Actually I would like to have more BTC. I tried to collect by trading and in recent years I have been accepted into the BTC Signature Campaign. I once sold in 2018, it was because I was forced to add money. I used the money as the cost of my child's birth. At that time I was selling about 0.15BTC.
Actually if we understand the BTC cycle of selling after reaching a new ATH and buying again when the price is low it is very profitable. But sometimes we predict exactly what number ATH is. In addition, becoming a holder is very difficult, because it takes more 4 years to achieve ATH again if see the cycle.

[Lanatsa]

I sold my bitcoin in 2021 when it was at all time high and i am buying it when it is falling down. Not just i am buying due to falling. I am buying this time because i have faith in bitcoin , it will surely increase in future.

Good for those who do sold on peak and its sad for those who had bought on peak at the same time which they are really on deep negatives as of this moment.It cant really be avoided for you not to panic

considering on the floating negative you do have which people or investor cant really able to avoid not to panic but if you do have trust with bitcoin and other altcoins you've been holding

then you would really be holding it for long term specially with Bitcoin but of course you should always be mind off when it comes to risk.
There's always a risk attached or involved when it comes to this one.

[batang_bitcoin]

There's always a risk attached or involved when it comes to this one.

And that's what made me scared about it. Before, it was a great plan that I want to do but I've come to realize that it's not that easy at all.
I ended up thinking that it's better to keep those bitcoins that I've got and if I want to buy, I'll buy with a new allocation fund from my other source of income. The longer it is, the harder it is to sell those bitcoins in my point of view. It's like that it should only be sold when I really have to and I don't have much option at all.

[Issa56]

BE HONEST:  Who here would have believed last year that Bitcoin would be near 18,700 today ??

Waw that's kind of funny but do you believe bitcon will pump to $60k+ dollar at the beginning of 2020?? Why don't you talk about early 2020 when bitcoin was down, the only people that believe bitcoin will pump are the once that believe in bitcoin and not people like you that have weak faith.

1.   At what point do you guys lose faith in the dream of Bitcoin going to the moon, cut your losses and sell ??

2.   At what point do you sell your Bitcoin, Convert to cash, and wait to buy 20 times as many Bitcoin at a much lower price, say something like 1000 dollars ??

3.   Would you never sell, no matter what is happening in the crypto world, and ride Bitcoin down to the bottom ??

Anbody that don't believe bitcoin will pump again can easily convert their money back to fiat and flex it, but the current condition of the market is just to give people opportunity to buy more bitcoin at cheaper price, so if you think it won't go up again just sell and later in the future, you will regret why you sold your bitcoin at cheaper price.
I don't care if bitcoin is still going to dump more, I keep on accumulating because I know very soon we are all going to smile again and people that lose faith in bitcoin will regret.

[kryptqnick]

Op is well-known to be a skeptic when it comes to Bitcoin and cryptocurrencies. Yes, I didn't think Bitcoin would be worth less than $20k by the end of September. No, it doesn't alarm me. Yes, it can be somewhat attributed to the global economic crisis that's clearly almost here. But Bitcoin will eventually recover. You know what won't recover? Fiat. It would be considered a victory when the inflation rate eventually slows down, and the devaluation keeps happening but slower than before. Nobody is even thinking of major fiat currencies getting back to what they've been worth, say, in 2021. With Bitcoin, however, the expectation is that it must not only stop falling but recover immensely. Which, of course, it will, just like it always does. I am not planning to sell unless I have to. I'll keep hodling if it's $15k, $10k, and I doubt it'll get lower than that, but even if it does, I'd most likely still believe in the eventual recovery.

[posi]

Indeed, no one expected bitcoin to fall further, and I myself did not think that bitcoin would fall deeper as it is today, but if we think clearly we will not be surprised because indeed the trade and economic cycles work like that, namely , there is an increase as well as a decrease. if I talk about bitcoin, of course I will sell bitcoin if there is a profit, and I have sold bitcoin at a high price, namely in 2021, which is the price range, 57000 dollars, and now I have started buying bitcoin again and I am buying bitcoin with a gradual system or can also be called the DCA system.

Those who don't want bitcoin to fall further are the ones who bought bitcoin at a higher price than it is now and they are losing money, they hope bitcoin doesn't drop and rise because they don't want to lose more. Or those who have bought enough bitcoins that they want and now expect it to grow to make a profit. There are many people waiting for bitcoin to fall further, because they haven't bought enough bitcoin for themselves, they want a bigger profit if they can buy it at a lower price.

I myself expect the bear market to last for as long as possible to accumulate as many bitcoins as possible, if we lose this opportunity and the bull season comes, I think we will run out of chances of seeing bitcoin at 20k again. Just like 2018, people who didn't buy bitcoin at 3k will never get a chance to see it.

Me too. I am one of those people that only watched bitcoin at 3k and didn't buy due to fear that it won't stop dropping.

This time I do not want to lose the opportunity. I am observing how the market evolves in the next months to come. I have very little bitcoin savings at the moment, it's less than a single bitcoin. I am buying gradually. DCA is better than a one time buy. I have this hunch that bitcoin is still to bottom down this year or next year but it is hard for us to timing it.

If you really don't want to regret or lose your chance again then you should start buying now and DCA is the best strategy we have. The truth is that no one can determine where the bottom is and where the top is, but they can buy near the bottom and sell near the top and we are near the bottom ever. You can't buy many bitcoins at once, but you can buy less by many times, as long as you believe in bitcoin enough and have a good DCA strategy, you will soon own 1bitcoin for yourself. Believe me, I did it myself.

[Beefcake]

I don' t know what the price will be, but long term I like it. Think of things like the next block halving, or etfs or any other way to make it more accessible. It seems to me that more people want it today than yesterday, and if that trend continues the price will go up long term. Sure there will be wild fluctuations, but there always have been. It isn't easy to time the market. So, just buy and hold.

[coolcoinz]

1.   I'll never have to cut any losses because I've been in profit since 2016. I bought my coins at various prices between 500 and 1k USD and I sold a little bit in the 2017 and 2021 bull markets.
In total, I've invested less than 10k USD before 2021, withdrew more than 50k in cash and still have more bitcoins today than I had in 2015 when I started buying.
No low price is ever going to make me sell these, but I'll consider high prices. I have some levels in mind but they're well above 50k USD.

2.  U guess I've already answered that. If I haven't sold at 30k, 20k, 18k, I'm not going to sell at 10k. If you think we'll ever fall to 1k, you're delusional. People who are waiting for a million per coin are more sane than people who think we'll hit 1k.

3.  Yes, because the night is darkest right before the dawn.
When you feel like it's the end because it fell to 10k is exactly the moment when you should be buying.
I depend on fundamentals and those were the same in 2018, 2021 and now. Just a reminder: bitcoin was sub 10k in 2020, but it was over 60k in 2021. The price doesn't way anything about the state of bitcoin.

[Viscore]

Never sell is the most bullshit thing I heard from crypto people because most of them that spouting that nonsense are those who just want quick profit and they are using that word for shilling purposes. We are all buying Bitcoin to invest and earn in the future so no one in the right mind who will not sell there holdings if they already have a good profit. They should just throwaway there private key if they really want to not sell.  

The best way to do is to read the trend in longer time frame. Buy when there’s an obvious bear trend in longer time frame and vice versa. Don’t trade using short time frame because you will be just confused and panic to the price swings of Bitcoin.

Maybe never sell for now or with the given price from OP, but in the long run once bitcoin will create a bullish price breakthrough, everyone will be encourage to sell because that would bring obvious huge profits. For now, I still see myself wanting to hold more of my bitcoin as the price is still not impressive to sell, and accumulate more bitcoin whenever there are opportunities to buy again.

[ultrloa]

I don' t know what the price will be, but long term I like it. Think of things like the next block halving, or etfs or any other way to make it more accessible. It seems to me that more people want it today than yesterday, and if that trend continues the price will go up long term. Sure there will be wild fluctuations, but there always have been. It isn't easy to time the market. So, just buy and hold.

Maybe veterans could do this action because they are the one who knows the risk or how turnout of events may came unto it. But I doubt newbies could do this necause the pressure seeing how market collapsed and we can add the pressure brought up by medias which always post the bad news happening so I guess for sure even if they have holding mentality still they will drop what they had for this scenarios. Its advisable to have an experience on how to trade before they go long term holding because there experiences is truly usable for that scenery.

[Welsh]

Most people will answer, and have been answering that until they're rich or basically set for life they won't sell all of it. However, that doesn't make a whole lot of sense. Why would you put that money in a currency which is guaranteed to go down in the future due to inflation. You're basically putting your money in something which is guaranteed to lose you money. So, Bitcoin or at least another investment is probably the better choice. At least with Bitcoin you've got a currency which was designed to be deflationary. Obviously, there's always the risk of it not quite living up to expectations, depending on what yours are. I imagine when it becomes a little more stable in many years, it'll be a lot more stable, and the money earning opportunities that you have today, will be gone.

[famososMuertos]

You are taking a position of; It's my idea or it's what I think, wait a minute, there is a lot to say or do beyond that simple topic question, which you then drown out more with your context, in short, they are not the only actions that exist, I don't know it can be radical with bitcoin in the thought of selling everything, or now I buy cheap, it is not as simple as it seems, in a preconceived plan that must be fulfilled, but the reality is that when you have to sell, you do it, nothing happens, bitcoin It does not cease to be a priority for my idea if in the hypothetical case that you propose it happens, it is circumstantial, you have to be in the ideological idea with bitcoin to value its premises and what it represents as a project, the bad feeling that can be felt by the circumstances that imply the price given the position we have is one total reality, but it is part of the plan understand these situations, which should not have you thinking that everything is over.

It is simple if you enter a losing phase with bitcoin you consider another strategy, but you must always have the action of buying or selling, without the execution of these actions leading you to think everything will end if I sell everything, bitcoin has poetry, although with that you don't eat, it's true! but it's not bitcoin's fault if you don't.

[Pandu Geddon]

1.   At what point do you guys lose faith in the dream of Bitcoin going to the moon, cut your losses and sell ??

I made long-term plans for Bitcoin. I still believe in Bitcoin in the future. I will not cut loss and cry because of it.

2.   At what point do you sell your Bitcoin, Convert to cash, and wait to buy 20 times as many Bitcoin at a much lower price, say something like 1000 dollars ??

now is a good moment for me to buy. I still add some to the bag.
my target, Bitcoin can return at $50k-60k. it was almost ATH yesterday. don't worry about how long I will wait. I have great faith in bitcoin.

3.   Would you never sell, no matter what is happening in the crypto world, and ride Bitcoin down to the bottom ??

everyone has their plan. many believe bitcoin will be bigger than it is today. and I believe it too.
I'm not not going to sell, but every investment of course has a different satisfaction.

[len01]

1.   At what point do you guys lose faith in the dream of Bitcoin going to the moon, cut your losses and sell ??

at no point should i explain when since years i believe in bitcoin always buy when bears come and collect more, never think sell before bulls come. if you want to see bitcoin's track record since the beginning of bitcoin's appearance, you probably will never have questions like this

2.   At what point do you sell your Bitcoin, Convert to cash, and wait to buy 20 times as many Bitcoin at a much lower price, say something like 1000 dollars ??

selling at the highest price after the bulls arrived like last year.
is the price from $60k down to $19k that's not the cheapest yet?
indeed it is time to continue buying bitcoins and collecting while waiting for the time to come to party with bitcoin like last year when bitcoin scored a new ATH.
and until recently when i bought bitcoin never thought to sell it and exchange to fiat money. because i already believe in bitcoin no matter what

3.   Would you never sell, no matter what is happening in the crypto world, and ride Bitcoin down to the bottom ??

i have said that whatever happens if we all believe in bitcoin that bitcoin's track record since 2009 until this year always prints new ATH which brings us to a big party in the bearish season.
i never care what happens even if the bitcoin price goes down i will continue to buy with this in mind this is a long term investment.
better to buy now than never to find a cheap price like this in years to come

[Ahli38]

I don' t know what the price will be, but long term I like it. Think of things like the next block halving, or etfs or any other way to make it more accessible. It seems to me that more people want it today than yesterday, and if that trend continues the price will go up long term. Sure there will be wild fluctuations, but there always have been. It isn't easy to time the market. So, just buy and hold.

exactly as I thought. and I think now is the time to keep accumulating and holding it. If we think for the long term then of course at the current bitcoin price we will not be so afraid to enter it. But newcomers might think otherwise, that is, most of them continue to be followed with fear. because they are not used to the bear market as it is now. where the market prices of all investment sectors have experienced a long decline as a result of the impact of the global economic crisis. But experienced people will take advantage of the fear of people selling BTC and do the opposite i.e. continue to collect with incremental purchases. most of those with experience would use the DCA strategy in today's market times.

[LogitechMouse]

So here is the question I am asking you guys:

1.   At what point do you guys lose faith in the dream of Bitcoin going to the moon, cut your losses and sell ??

2.   At what point do you sell your Bitcoin, Convert to cash, and wait to buy 20 times as many Bitcoin at a much lower price, say something like 1000 dollars ??

3.   Would you never sell, no matter what is happening in the crypto world, and ride Bitcoin down to the bottom ??

1. Never. I didn't lose my faith in Bitcoin because of trust. I didn't and will not cut losses if it's Bitcoin but if on altcoins I will.
2. I'm selling my Bitcoin and convert it into cash whenever I need to buy something, and I don't have funds to use. I tried it once and so far, that's the only time I did it. To convert my Bitcoin into cash and then wait for it to crash? That's the thing that I will not do because I believe that waiting will make you miss more opportunities. I'd rather do Dollar-Cost Averaging than waiting.
3. We all have plans that includes Bitcoin and for me, I will sell my Bitcoin in the future that's for sure. I'm not and I will never be a forever Bitcoin holder. I will ride Bitcoin down to the bottom until my target isn't reached yet.

[wxa7115]

Most people will answer, and have been answering that until they're rich or basically set for life they won't sell all of it. However, that doesn't make a whole lot of sense. Why would you put that money in a currency which is guaranteed to go down in the future due to inflation. You're basically putting your money in something which is guaranteed to lose you money. So, Bitcoin or at least another investment is probably the better choice. At least with Bitcoin you've got a currency which was designed to be deflationary. Obviously, there's always the risk of it not quite living up to expectations, depending on what yours are. I imagine when it becomes a little more stable in many years, it'll be a lot more stable, and the money earning opportunities that you have today, will be gone.

In theory if our predictions about bitcoin becoming an universal form of payment, or at least something close to it, become true then it makes no sense to ever sell for fiat, so if we need in the future to use our bitcoin to buy something we want, we should use it directly instead of taking the additional step of selling for fiat first and then buy what we want.

And with how bad fiat is performing at the moment, and how things could get progressively worse, it seems to me that holding a store of value forever makes the most sense.