Is OK to sell but is better to wait

[Coyster]

Well, that depends a whole lot on what you are hodling in the first place, if your portfolio is filled with altcoins, which are known to be pump and dump/short term projects, you might want to sell the moment you are in profit because hodling it longer that necessary might result in a huge crash for the coin, leaving you on the receiving end; even if you are hodling an altcoin and it starts to dump, it is better to sell off and cut some of your losses, than still hodling it thinking it might appreciate again, so many altcoins become extinct after a huge dump, so you would not want to be a bagholder, would you?

Having said that, if you are hodling Bitcoin and you haven't invested more than you can afford to lose, which of course gives you the liberty to hodl for as long as possible, then you should not sell, if you are patient, in the long run you'd reap the rewards of hodling your Bitcoins.

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[isaac_clarke22]

Not everyone can be patient to hodl for long term, some people lack the discipline it takes to be a bitcoin traders/investor. I think if your friend does gets anxious or is extremely worried about his bitcoin investments, then he should definitely sell before he gets a panic attack. It could be that he invested more than he can afford to lose, that’s why he’s always concerned about every little dip in the market.

Well it's not that those people have a lack of discipline. There would be times that there would be an urgency to have some fiat in your hand, therefore some people just do not have a choice but to liquidate their Bitcoin and that's perfectly fine. It ain't worth being homeless just to keep the pride of being a long-term hodler.

I can recall a lot of these kinds of scenario back when pandemic was still at its worst times. It just happens that people really need money to survive.

[Saint-loup]

Some people will rush to sell at every slight increase. A friend was telling me I want to sell, even though my money is not complete and  I ask him of what profit has achieved investing in the first place? Investment is a like a future you keep hoping for the better.

Keep holding but he's eager to sell and relax his head from worries that is money has gone into extinction, lol. Increase you're having same such mentality, kindy advise!
Hold on and keep holding.
Time is coming when you will be excited about it.

Not all people see the future like you see it and it's hard to guess who will be right at the end. You seem to think that Bitcoin has room to grow more than that but other people obviously think it will drop again soon, and we can't blame them for protecting their funds, because nobody will pay back their losses, in case of a drop. Moreover, for being able to buy Bitcoin at one price you need to have people selling it at this price, so selling is a good thing to let bulls like you buying at what they consider to be a cheap price, no? I would add that you can hardly make money by just waiting for a bull run to happen, so trading could be faster.

[Dr.Bitcoin_Strange]

Individual difference is what it is, being eager and self-convinced to invest is easier than being patient to hold, but those that sell out of panic are investors who are not yet old enough in the game (lol). I remember when I first bought 1000 MATIC in 2021, the price was so low, then a week later, the price increased, and I was already making 20% profit. Out of panic that the price may drop, I sold, and just two days after I sold, the matic had a massive pump. Holding is not just for weak hands, but if one must be a good holder, one must also learn to accept the end result, because sometimes the end will always make you feel some guilt for not selling in the first place.

I've learned that when holding crypto, I just have this strategy where I always set a selling price for my asset and never reduce the order price until the price spikes to that level. Because the market is always unpredictable, the moment you reduce your order price and might have sold out, that's when the price will spike so high. If you don't want to panic, lay out a goal of what price you really want to sell at, and until you see that price, never sell. Just keep believing that your target price will come, but that's only for Bitcoin. Most of the time, altcoins are similar to gambling. Just an opinion.

Mr.Strange 👺

[Alphakilo]

To the newbies who made little profit from their bitcoin investment and want to quickly sell it off, is actually nice to sell your bitcoin as it is yours but the profit will be so massive of you are patience enough to apply the hold strategy. If you hold your bitcoin for a longer period, you will smile at the time that you will sell it.

[yazher]

Some people just wanted to secure their capital and to have some decent amount of income from their hard work when they patiently waited for the right price to sell their bitcoins. now that we see the price of bitcoins rising slowly, we would see some investors taking advantage of the current opportunity and they are some people who were waiting for this to buy bitcoins from them. But still, there are people who also patiently ignore the crypto market's positive price despite their need for cash, they still choose to hold their BTC until it reached a new breaking-record ATH next time.

[Lida93]

Some people will rush to sell at every slight increase. A friend was telling me I want to sell, even though my money is not complete and  I ask him of what profit has achieved investing in the first place? Investment is a like a future you keep hoping for the better.

Keep holding but he's eager to sell and relax his head from worries that is money has gone into extinction, lol. Increase you're having same such mentality, kindy advise!
Hold on and keep holding.
Time is coming when you will be excited about it.

How be it every crypto investor could be patient enough to be hopeful of the future of bitcoin and just buy and hold for as long as possible cause there's no way bitcoin won't be profitable to all investors as long as you're patient to see your investment pump, that's why we always advise to look forward for a longer term.  The price at which we see bitcoin rising to right now  would only excite those investors that don't believe in the future of bitcoin to go to an ATH beyond the previous,  with a little profit they would be forced to take profit based on how volatility might test their resolute to keep holding. But one thing for sure to those that keep on holding for the future there's a profitable future for bitcoin investors as the bear season will eventually emerged.

[SatoPrincess]

Sometimes *HODLING* is harmful and destructive to investment. Imagine that you are holding some altcoins/NFTs/Tokens, whose value will be zero, despite all the warnings that appear to you.
So, long-term investment stems from investment convictions, in addition to the existence of a tight plan and a perception of what might happen, and it fails with most assets.
Bitcoin is the unique case that hodling succeeds with.

I don’t believe in long term investment for altcoins, buying altcoins is gambling imo because most of the altcoins fanatics do not research the project to see what the mission is or if the project solves any real problem before they invest in it. The guys who are attracted to altcoins are mostly those who missed buying bitcoin early and now want to make money from crypto because of the success stories they have heard. So they buy the trending altcoins because of the possible profits they can make from it.

[Pandu Geddon]

Some people just wanted to secure their capital and to have some decent amount of income from their hard work when they patiently waited for the right price to sell their bitcoins. now that we see the price of bitcoins rising slowly, we would see some investors taking advantage of the current opportunity and they are some people who were waiting for this to buy bitcoins from them. But still, there are people who also patiently ignore the crypto market's positive price despite their need for cash, they still choose to hold their BTC until it reached a new breaking-record ATH next time.

Of course, every investor has an investment plan. if the target is a new ATH, then under any circumstances when a pump or dump occurs in the market. investors will not give up their Bitcoins.
I chose to let go of some with the profits I got. although I have faith in Bitcoin for the longer term, some of my initial planning regarding the price Bitcoin has reached has already been achieved. so I took some off.

[Asuspawer09]

Some people will rush to sell at every slight increase. A friend was telling me I want to sell, even though my money is not complete and  I ask him of what profit has achieved investing in the first place? Investment is a like a future you keep hoping for the better.

Keep holding but he's eager to sell and relax his head from worries that is money has gone into extinction, lol. Increase you're having same such mentality, kindy advise!
Hold on and keep holding.
Time is coming when you will be excited about it.

It's not actually a bad move to sell quickly as long as you earn a profit, I mean profit is still profit and you still earn on that, you know that being greedy wasn't good for everyone so if you think you already earn a profit you could just sell it and it's not a bad thing to do. But of course, if you plan to invest in the long term especially if you waiting for the bull run it would make sense not to sell if you analyze the time high you know that there is still a huge gap and room for profit. It's not easy to hold or diamond hands on your investment but it will pay off when you finally sell it to a fair profit.

Remember to not be greedy because investing in cryptocurrency is just like a gamble so it's always a big risk, a volatile market could easily drop and if you don't have the cash to sustain yourself you might just sell it at a loss.

[Erumo]

Why you search for advice instead of having your own decision what to do with crypto? Do what ever you think is acceptable. If you are holder, then hold, if you are a trader then sell. We dont know what was your goal when you have purchased your crypto.

[Sakanwa]

Some people will rush to sell at every slight increase. A friend was telling me I want to sell, even though my money is not complete and  I ask him of what profit has achieved investing in the first place? Investment is a like a future you keep hoping for the better.

Keep holding but he's eager to sell and relax his head from worries that is money has gone into extinction, lol. Increase you're having same such mentality, kindy advise!
Hold on and keep holding.
Time is coming when you will be excited about it.

Holding to your coin is not a bad one but come to look on some issues most of us are facing that's what make most of us to sell out our coin, initially it might not be our intention to sell but due to what happened or what we face on a daily that what I think makes most people sell and also holding a coin is at your own risk what if the price falls and it happens that you no longer have any in it or still have little in it that it not up to the amount you deposited what will you don then, so don't look it at the other hand that your friend can't be patient nooo just know it just our mind set because I wouldn't say it right to HOLD or not but you have to consider with yourself if you can HOLD OR NOT.

[leonair]

Some people will rush to sell at every slight increase. A friend was telling me I want to sell, even though my money is not complete and  I ask him of what profit has achieved investing in the first place? Investment is a like a future you keep hoping for the better.

Investing and exiting that investment is entirely a personal matter of an individual. a person invests for profit so I don't think it is bad if he exits his investment if he gets his desired profit. because cryptocurrency is such a thing, if you don't take the right steps at the right time in any investment, you can face huge losses at any time. So if your friend gets his expected profit then of course he can sell it

Keep holding but he's eager to sell and relax his head from worries that is money has gone into extinction, lol. Increase you're having same such mentality, kindy advise!
Hold on and keep holding.
Time is coming when you will be excited about it.

It is natural to take high risk for high profit. So if your friend is then satisfied with the current profit. and unwilling to take risks for greater gains. then it is his personal matter. but no one can guarantee that if he holds his investment then he will get more profit in future days. so he must hold at full risk. So I would never advise him financially that if he holds his crypto without selling it he will definitely get high profit.