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

[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.