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

[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.