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

[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