It is ok to sell your Bitcoin.

[landheer]

in my opinion, the reason people prefer holding than selling is because they have a planned price target. because according to my experience when we are not strong enough to hold and sell it, it will be difficult to get a price like the price we first bought. and thus will generate
regret for not being able to buy at the same price as before. so I guess that's one of the reasons, people prefer holding than selling it.

[uneng]

~ Do people hodl just because others are HODLing?

I don't think so. People hold because they see potential in doing this aiming future gains. Of course there is the hype thing, that leads many people doing what others are doing, but it's always aiming profit which will benefit each of them privately.

~ Why so people hold rather than sell and buy again when low

Because they don't know if prices are going to fall more yet. Let's say holders decided to sell their coins on the present moment for 21,000$, imagining this temporary rise is going to send price back to 15,000$ soon, and on the next day Bitcoin skyrocketed to 40,000$ and never got back anymore? That means they lost the opportunity of holding for the next bull run. So better to not risk selling coins.

~ What is your major reason for HODLing and how do your survive the bear market?

The goal is to reach the next bull season. We survive the bear market by being patient and hopeful it's just temporary. That is all.

[Despairo]

Maximalist hodlers are a cancer for the mass adoption of Bitcoin, if we truly believe that one day this widely scarce digital currency will become the only economic exchange in the world then we must inevitably start using it in our daily lives.  If you tell me that it's not easy at all, I can guarantee you that using services like bitrefill you can easily buy everything using Bitcoin.  So we must not become hungry Bitcoin hodlers, but as in classical finance we must set aside and spend at the same time, while those who hope to see bitcoins in the hundreds of thousands of dollars are wrong.

You need to know people who not hold Bitcoin, government which ban Bitcoin and people who spread FUDs about Bitcoin are many factors to reduce Bitcoin mass adoption! not the maximalist holders!

It's up to everyone want to use their Bitcoin and you can't force anyone need to spend their Bitcoin everyday, don't forget when you actively send your coins, it will increase the chance you can send to wrong address and any other human error.

[Nrcewker]

~ Do people hodl just because others are HODLing?
~ Why so people hold rather than sell and buy again when low
~ What is your major reason for HODLing and how do your survive the bear market?

People HODL in order to make profits only. They don’t care what others are thinking or doing. In this cruel world no one thinks or watches others, they just care about themselves. People HODL, because they know that the coin is way more valuable than the current price.
And regarding the question of bear market, then let me tell you my friend that at start, trading is just like an extra income. Invest in coins that you can afford to lose, or don’t rely on the funds that you are investing. Hope this clears your doubts OP.

[UserU]

Just like any other asset, people have to realize profits someday.

If you don't, somebody will.

[Obari]

Maximalist hodlers are a cancer for the mass adoption of Bitcoin, if we truly believe that one day this widely scarce digital currency will become the only economic exchange in the world then we must inevitably start using it in our daily lives.  If you tell me that it's not easy at all, I can guarantee you that using services like bitrefill you can easily buy everything using Bitcoin.  So we must not become hungry Bitcoin hodlers, but as in classical finance we must set aside and spend at the same time, while those who hope to see bitcoins in the hundreds of thousands of dollars are wrong.

Thanks mate and you really did get my message fully because many other persons feel it is really wrong to sell when it hits a certain price and that isn't right.
Let me give an example, I have a friend who makes alot of money from the instability of the market and what be does is this, he simply buys low and sell high just as we all know and the major reason for investment is to get a return on it right ?
Now let's say you want a 50% return on your investment irrespective of the capital you have and then you move into Bitcoin with it's high volatility rate and then you're conscious and aware that the volatile nature of Bitcoin is the major reason while we make money on investment,
Now you buy at price A($16k) and suddenly price moves to price B($20k) with this you've already gotten 25%of your investment hoping for another 25% to take your profits and all of a sudden price begins drop probably to $19.5 and rather than sell, some persons will still let this price drop and then begin hoping for another rise making their investment taking longer time rather than sell at price B and wait for another price to buy again.
People have to learn to take profit rather than follow the crowd.

[Kakmakr]

The main reason for HODLing are profit or simply greed.

People are fighting to beat inflation with all their investments and they think that they found a way with Bitcoin to beat inflation. In a sense, this might be true in the long-term, but people do not have the discipline to HODL until the Bitcoin price reach those levels, where inflation are beaten.

My strategy are based on a 80/20 principle, where you use 20% of all the coins you buy...and you hoard 80% of those same coins. You cannot simply have a situation where everyone hoard 100% of their coins, because retailers that support Bitcoin ...need people with bitcoins to use it to pay for services and goods. (If we do not support them, they will stop accepting Bitcoin as a payment option)

[DevilSlayer]

Ofcourse it is okay as long as it is yours. Either you regret it or not afterwards; you are selling your asset for a reason. Regardless whether you sold it early or late; as long as there is a reason from doing so, that would be fine. We have different circumstances as investors in the first place. Some people will say "just hold". There will jist be emergencies in our lives which are totally unexpected and those will be the times wherein you have to break your plans to cope or adjust with the situation. Believe me, this happpens a lot in this industry. I had tough times as well wherein same thing pushed me to sell before rhe previous all time high. It did not gave me any regret since selling was necessary on my end.

Conviction is the most important things before selling an asset, tell yourself first why will you sell your bitcoin? It is because part of your plan where you will buy again when the price retest? Or are you afraid that the price may hit the top very soon. If you have a strong reason and conviction on something else then you will not regret what you decide today in the near future. We have freedom to do things that we want so it is okay to sell bitcoins especially if you have a personal reason behind it.

I sold my bitcoins last year because of the sentiment where the price is continuing to decline because of the bearish season but right now, everything is change. That's why I starting to collect a position again, I did not regret selling my bitcoins last year because I have no control on it but now my niche setups show up and that is the reason why I starting to collecting again because I'm confident in this type of market.

[Crypto-Ivan]

~ Do people hodl just because others are HODLing?

Buying low and selling high is the trading or investment strategy of most people, buying low and selling at the expected price in order to obtain more profits.

~ Why so people hold rather than sell and buy again when low

They choose to hold for a long time because they believe in the market potential and its technical potential, and believe that the price will eventually rise, and the future will be more potential and valuable.

[pooya87]

The problem is never with selling or buying, the problem is with panic selling and panic buying.
That means for example when the price falls down a lot and reaches the bottom the weak hands start selling after that inside the accumulation phase and when price is already down instead of before the drop and when it is still high.
Similarly the same weak hand start panic buying after the price went up and reached higher levels instead of buying in the dip and while price is already low!

Part of this behavior is because some people have have no idea what they are doing. They don't even know what bitcoin is, if you ask them to explain it to you they will say "it is profitable"!

[Rruchi man]

~ Do people hodl just because others are HODLing?

Some people are not as informed as we think and don't know as much we think they do when it comes to cryptocurrencies and bitcoins. They just ask and follow what they see other people doing, so actually yes some people are HODLing because other people HODLing, not because they have any real targets.

~ Why so people hold rather than sell and buy again when low

For this, people have set different targets and instead of sell and buy strategy at any slight indication of price increase, they have decided and set long-term targets for themself for when they will be comfortable with that action.

[mk4]

1. Depends who you're asking. Not everyone is holding bitcoin for the same exact reasons.

2. Because I know I and the huge majority of people can't consistently and accurately predict bottoms.

3. Because I'm long term bullish on bitcoin due to it's characteristics.

[LDL]

So my question is:
~ Do people hodl just because others are HODLing?
~ Why so people hold rather than sell and buy again when low
~ What is your major reason for HODLing and how do your survive the bear market?

The answer to your first question is that in my opinion holdings in cryptocurrencies largely depend on the market position/situation. Whether you hold or sell depends entirely on your purchase. If you feel your holding is giving you profit then you can hold.
Most expert holders generally follow the investment principle, the investment principle is that you buy cryptocurrency in a down market and wait for an up market.
Answering your third question will be very difficult for me because I can't control myself in bear market. I experienced huge cryptocurrency losses in 2022 in a bear market. But there is no alternative to holding in a bear market.Those who hold in the bear market are sure to get huge profits in the future.

[yazher]

Most holders have their own multiple incomes that's why they don't really need to sell their bitcoins and continue holding them until it reaches the amount they like when to sell them. As for the others who used money that is not supposed to be used in bitcoin investment, they are the one who is panicked right now and they are most likely doubting their own decisions. In this kind of scenario, patience and perseverance is the main key to keep holding on to your bitcoins and you don't rely on them to survive and to fund your essential needs every day. This is where the problem started when they decide to buy bitcoins with everything they have, thinking it would gonna skyrocket in the next few days or months which is kinda stupid because volatility in the crypto market is pretty high. so you are a fool if you have a mindset like that because it's rarely gonna happen.

[teddybear]

~ Do people hodl just because others are HODLing?
~ Why so people hold rather than sell and buy again when low
~ What is your major reason for HODLing and how do your survive the bear market?

1) This could be true with any asset. Depends on how much you value it and how much others value it.
2) It's much easier to just HODL and go through tough times than trying to predict the volatile market. If you firmly believe that it will go back up, why sell in the first place? just buy more, when its low  
3) Surviving the bear market can be hard but make sure you are financially stable enough to risk some capital into the asset(Bitcoin in this case). How do I survive the bear market? I look for extra side works, that would get my bills paid.

[eddie.gouws]

The answer to this question depends on a number of factors that need to be considered before deciding whether selling your bitcoins in 2023 is the right choice for you.

Firstly, it’s important to consider the bitcoin market at that point in time. In 2023, the crypto market will likely have gained more traction and stability as its usage becomes more commonplace and accepted. As such, there is potential for prices to rise significantly by then due to increased demand and greater understanding of cryptocurrencies. On the other hand, some investors may wish to take profits earlier rather than waiting until 2023 - especially if their expected return hasn't yet been achieved after several years. Moreover, just like any other investment or currency exchange rates, one must also be aware that the value of bitcoins can decline drastically over time as well and could eventually become obsolete depending on future developments with alternative technologies or financial solutions.

Secondly, you should factor in your own personal goals with investing in bitcoins. Are you aiming to enjoy short-term gains by trading? Do you want long-term investments until retirement? Depending on how much risk are you willing to take within each option; how much money do you plan on making; what is your timeframe for when these profits would come through etc., all play an important role when determining whether it would be profitable for you or not sell your bitcoins in 2023 or not.

Overall, it ultimately comes down to weighing up all considerations carefully before deciding whether selling your bitcoins at a particular date (such as 2023)--or at any point--is suitable for yourself personally . Doing some research into cryptocurrency markets will give further insights into potential swings so decisions can then made with more confidence than if left solely based upon speculation alone

[Mauser]

~ Do people hodl just because others are HODLing?
~ Why so people hold rather than sell and buy again when low
~ What is your major reason for HODLing and how do your survive the bear market?

Most people who hold their bitcoins for a long period of time are doing so because they believe in the bitcoin project and it's a very successful investing strategy. Prices are hard to predict for any volatile asset, we might not find the lowest or highest price to sell coins. Over the last few months a lot of people here on the forum where actually buying bitcoins. I think we all can agree that buying bitcoins for 16-18,000 USD is a very cheap price. But as soon as you start selling all your coins to try and rebuy them at a cheaper level you are actively trading and following a different strategy. You will need to observe markets, invest a lot of time for research and it's not guaranteed that this is going to lead to much higher returns. The main question is if you need the money or not. Usually we should be only investing with money that we don't need, so you will not be forced to sell at unfavourable prices.

[Venik]

Of course, it's ok. I hate maximalists who say that they'll hold it for the rest of their life. What's the point? Taking profits is ok. We all have different expectations.

[CryptounityCUT]

 Do people hodl just because others are HODLing?
~ Why so people hold rather than sell and buy again when low
~ What is your major reason for HODLing and how do your survive the bear market?

1. Majority probably yes, why because they have no or little knowledge - I personally hold BTC and ETH because i know what this technology means, how can be adopted and how can i benefit from it. NEW ERA (amazing)
2. I think people hold these to bad boys because it gives them privilege over others who do not hold cryptocurrencies and of course majority don't have knowledge of when to buy and when to sell.
3. I cannot "die" even if there is a bear market, even though cryptocurrency collapse and does not bring back up, why?...because i invest as much as i am willing to loss.

[traderethereum]

Everyone has reasons for holding their bitcoins and determining when they will sell them and take their profits.
Usually, people want to take the opportunity to sell at the high, which had happened before when they looked at the last ATH and sold at that high.
And when they have sold their bitcoins, they will wait for the moment to buy again and that moment will come again.
Even the bitcoin price really touched yesterday's lowest point so they can get more bitcoins than before.
My main reason for HODLing is to take the biggest profit so with that profit.
I can buy bitcoin again when the price is at its lowest point.
And I can survive in a bear market because I want to buy more bitcoins.