It is ok to sell your Bitcoin.

[mirakal]

I've been in this crypto space for a while now and there is this mentality instilled in people that seems selling ones coin is bad and one is heading to failure which is very wrong at least from my perspective.
I've always been on the track that investing in Bitcoin simply means buying low and selling high,  which I think is one of the keys to success in the crypto Industry. I always tell people that the moment you buy at a certain price and it starts rising possibly to a price that you feel ok and contented with, then you should feel free and confident to sell atleast to get the profit first and always use stop loss just incase the price drops, rather than having a little portion of Bitcoin and letting it get liquidated just because you want to preach and prove HODLing, trying not to feel odd.
So my question is:
~ Do people hodl just because others are HODLing?
~ Why do people hodl rather than sell and buy again when low
~ What is your major reason for HODLing and how do your survive the bear market?

You've been here in this space for quite some time already, right? If so, I really do think you that already figured out the answers to your questions OP, you just don't acknowledge the answers yourself because you are only inclined to buy low and sell high. Just try to see the whole picture sometimes that buying low and selling high is not the only way to get profits.

[Natalim]

HODLING forever is silly, what’s the point HODLING if you can’t enjoy some of your profits & be rewarded for your ultimate patience & dedication. It’s tough during a bear market but I would never advocate selling then. That is your time to buy.

You should sell some when we are riding highs & in a bull market. Don’t sell & waste it though, put money down for a house, pay off debt. Do not buy deprecative assets. Be smart, I wish you good luck.

I often hold them during the bear season but sell them when I already gain profit. Perhaps, it was not enjoyable anymore if we keep holding the whole life.
They are just an option as an investor but for me, I preferred not to hold always but rather take some time to sell. In this way, I was still able to earn some profit despite the bearing situation, in fact, having $100 in a month of doing this is not possible and it was a big help to our daily needs. We take every opportunity to earn which somehow could be missed when we are just holding.

[doomloop]

Others would overthink when they sold their bitcoin it is some sort of quit or end of their journey to bitcoin. Well that is the start as for sure you will be buying it again, it doesn't mean you sell it you won't be coming back it is just you need money or the profit on it for sure you will be investing back if you have spare money or if you saved money. Ive been saving right now to buy more as I hold just a small amount to be ready for the next halving, I am hoping that the price will reach the moon lol.

They can always rebuy it again and they shouldn't think it's the end because the value of BTC can go down again. Having this said, we must sell our BTC before it happens or if our main priority is to invest. We can only sell small amounts if we think hodling BTC is more better to do. Having a fiat on hand can be a good thing to avoid using out BTC in case of emergencies.

This should be separated from the fiats that is also intended for buying more coins once the value of BTC drops. The price can go to the moon but I am not sure if will occur this upcoming halving but halving could do some contributions since it halves the supply of the coin making it more scarce.

[alastantiger]

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

My major reason for Holding is because it is the only option I have. My major reason for holding is because I have to proof the doubters and naysayers who kept sending me the news headlines and links during the market crash wrong. My bitcoin is worth something and they will see it. The price of bitcoin rose from $17k to $20k and I like how it has reflected in my balance. No, I won't hold forever. I will take profit at some point but I won't chicken out now.

[qwertyup23]

So my question is:
~ Do people hodl just because others are HODLing?

This depends on the goal of that person. Generally, people would HODL since they see the advantage and the value of BTC skyrocketing in the future. Though there are also some cases where people HODL due to the majority trend of most people in this space. But realistically speaking, people HODL due to that hope and possibility of making large amounts of profit in the end.

~ Why do people hodl rather than sell and buy again when low

Maybe some people are not accustomed to the buy/sell aspect but again, it all boils down to the personal preference of these people. Buying and selling may seem rather inconvenient especially if the difference in the price is somehow minimal.

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

Personally, the major reason on why I HODL is due to the possibility of the price of BTC skyrocketing. My best basis and example is its price history index. The fact that it reached an ATH of $60,000 last year means that there is that possibility of reaching that price again in the market.

[Jody.Drummer]

HODLING forever is silly, what’s the point HODLING if you can’t enjoy some of your profits & be rewarded for your ultimate patience & dedication. It’s tough during a bear market but I would never advocate selling then. That is your time to buy.

You should sell some when we are riding highs & in a bull market. Don’t sell & waste it though, put money down for a house, pay off debt. Do not buy deprecative assets. Be smart, I wish you good luck.

We must be aware that what is our purpose for holding. The Hodling condition, of course, we know that this is to get more profit from the investment that we are currently running, while when we have received a profit that is in accordance with the target we are aiming for, why continue to be a hodler because our goal has been achieved.
Even though bitcoin is promising, of course we won't be here until the end, regardless of anything, we have to realize that this is only an asset to support our future.

[AicecreaME]

~ Do people hodl just because others are HODLing?

Maybe, or it's because it's the only way they can think of to maximize their profit in the long run.

~ Why do people hodl rather than sell and buy again when low

Not all of the people in the cryptocurrency world are good traders, so they always choose to stay in the safe zone rather than trying to trade their Bitcoin.

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

Well, I'm not a good trader, so I do trading only whenever I feel to do so or I'm in the zone. So most of the time all I do is buying the dip and holding for as long as I can in this kind of market. Patient is the key actually if you want bigger profit in holding.

[Pesona1]

I think maybe holding is an alternative to selling at this time, many of you might not be honest in expressing it, but I believe that most of us here are holding because we are stuck buying at the highest price, so we inevitably make holding as a way to return or get a profit when the price returns high later and that is also my main reason for holding, I think if anyone here says holding is to get big profits in my opinion that is bullshit, because if you really want to get profits of course short trading  is clearly more promising when the market is uncertain as it is today.

[LittleBitFunny]

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

My major reason for Holding is because it is the only option I have. My major reason for holding is because I have to proof the doubters and naysayers who kept sending me the news headlines and links during the market crash wrong. My bitcoin is worth something and they will see it. The price of bitcoin rose from $17k to $20k and I like how it has reflected in my balance. No, I won't hold forever. I will take profit at some point but I won't chicken out now.

Do you hold bitcoins just to prove someone wrong about bitcoins? Are you investing for yourself or others? I really don't believe that.

All holders probably because they have no other choice because buy bitcoin at a higher price, or people who have faith in bitcoin, they hold it in the hope of making a good profit when bitcoin recovers and increase the price again. And that's the goal of everyone here, not just you.
Bitcoin is a tool for us to make profit, so if we hold it forever without selling, it will be useless. A good investment is when it gives us a profit. I have accumulated some bitcoins, and I will definitely sell them in the next bull season.

[Gallar]

the mentality of every investor is of course different, all of them have their own characteristics.
and they have their own way to go.
basically all bitcoin investors have the same goal, they definitely want to profit. but there are those who choose the long term, there are also those who choose the short term, and all are right, nothing is wrong.
the difference may only be in the benefits obtained.

[Altcoinsintel]

Of course, it is ok to sell buy or do whatever you want. This is your money. Nobody said you shouldn't sell or buy.
Yet, you make a sell claim at a price that appears to be the bottom. Sure it can go down a lot more, but the odds suggest your advice to sell right now is terrible.
What is the reason for writing this? You had these thoughts in you for quite a while and thought of spitting them out AFTER Bitcoin dropped by 75%?

[Bitcoin_people]

I think most of the markets in the current market are always dumping, if there is a small increase then the market goes down just like before. But still people are not different from investing they think it is better to invest with their confidence and hold. When the market price of Bitcoin falls, they don't sell it, but buy it again with other money and hold it. and they later sell when the price of bitcoin increases, they profit by training.  And there are some investors who buy and hold Bitcoin for the long term and have a different plan. those who hold patiently for long periods of time have been seen to make big bucks at times. Those investors keep reinvesting even in bear markets without giving them money.

[$crypto$]

HODLING forever is silly, what’s the point HODLING if you can’t enjoy some of your profits & be rewarded for your ultimate patience & dedication. It’s tough during a bear market but I would never advocate selling then. That is your time to buy.

You should sell some when we are riding highs & in a bull market. Don’t sell & waste it though, put money down for a house, pay off debt. Do not buy deprecative assets. Be smart, I wish you good luck.

It is clear from the word HODLING that we must enjoy the benefits that we have been waiting for a long time, while there is an opportunity that is profitable, we can sell and enjoy the results. There must be a time, but not now. bearish is not worth selling our assets from low prices needs to persist until we can see a sizeable return.
But I believe that from them HODLING is for a certain period I think he has to understand not to follow a path that is not good, we have to see the process that actually becomes real with bitcoin.

[Iroh]

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

In my opinion, Your questions are valid and I particularly liked your topic head. It’s okay to sell your bitcoin.
A whole lot of people, especially newbies on the forum might be swayed by people’s opinions and comments on the need to hold your bitcoin. So I think your questions are important.
Obviously, holding onto your coins in the long run would become very profitable as the market price of bitcoin would only increase in the coming years. But it’s okay to sell or swap your bitcoin for fiat to take care of anything that needs to be taken care of.

[BITCOIN4X]

HODLING forever is silly, what’s the point HODLING if you can’t enjoy some of your profits & be rewarded for your ultimate patience & dedication. It’s tough during a bear market but I would never advocate selling then. That is your time to buy.

You should sell some when we are riding highs & in a bull market. Don’t sell & waste it though, put money down for a house, pay off debt. Do not buy deprecative assets. Be smart, I wish you good luck.

Of course we need to cash in on the profits, enjoy them, make our families and our children happy and whoever we can make happy. I tend to think that it is possible for a business to grow with a return on investment returns instead of wasting it on non-essentials, it's like opening a new business or maybe growing an old business.

Hold forever is useless for us, but maybe it will be useful for our next generation. This is rare to think about because basically most of us really want to enjoy life and get pleasure from our success so far.

[Obari]

Whether to sell your bitcoin or not need to be decided by the owner. Bitcoin at the present market situation have bounced and users who wants to make some profit can sell it and wait for the opportunity to buy back when there is minor drops. This is quite risky at the moment as the market could make any unexpected move in no time. People mostly prefer to hold their accumulated bitcoins at these kind of market situations. Even now it looks like the market to accumulate than selling.

You're right senior and I couldn't agree any less with you but the issues I have with people is that fact that people make it seem like selling ones coin especially when they're truly in need of is wrong and that's a very bad motion to instill in people especially newbies.
I've always also been on the opinion that people should go ahead to sell their possession if they feel the need to do so without having to look at others or considering what others might think of them.
I don't encourage selling at a loss but rather selling whenever you feel ok with the profit .

[tjtonmoy]

~ Do people hodl just because others are HODLing?

I think they HODL because they see the potential in BTC for what it holds for the future. And also their invested assets are meant for long term investment plan. And they also know that they should only invest what they could afford to lose. So regardless the market condition, they can keep HODLing.

~ Why do people hodl rather than sell and buy again when low

As I mentioned. They are using their assets for long term HODLing. So they keep on doing that while does other trades with other assets they possess. Creating a separate funds for different investment could help you manage your assets a lot easy. If you lose in one way, be sure to cover up your losses with other profits.

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

Not any particular reason. I'm just too lazy to go and sit there hours after hours doing trades. So I just buy the crypto and forget about it. It's like a frog going for a sleep in the winter. It is called the crypto winter, then why shouldn't I become the frog?
And the best thing to survive the crypto winter, if you are not a frog like me, is to DCA. DCA is the best option when you are in a bear market, and you want to keep your value the same while increasing your assets.  

Other people may have other opinion, but this is what I should do in these scenarios.

[Oilacris]

I think most of the markets in the current market are always dumping, if there is a small increase then the market goes down just like before. But still people are not different from investing they think it is better to invest with their confidence and hold. When the market price of Bitcoin falls, they don't sell it, but buy it again with other money and hold it. and they later sell when the price of bitcoin increases, they profit by training.  And there are some investors who buy and hold Bitcoin for the long term and have a different plan. those who hold patiently for long periods of time have been seen to make big bucks at times. Those investors keep reinvesting even in bear markets without giving them money.

Dumping and pumping which these are the most common things that you would really be experiencing when dealing up with markets whether in forex,stocks or cryptocurrencies on which this would really

be a common scenario or condition that you would really be able to face on.Selling out your coins or not would be entirely be depending on you whether you do go for long term or would really be going

for short term.Its up to someones choice because we are the ones in full control of our assets.It is really just there are situation which cant be avoided for you to sell out
basing on various conditions or situations.

[trendcoin]

Selling Bitcoin to buy more Bitcoins is the right action, but in general this is not easy to achieve as the movements in bull seasons are very rough. Last bull season, I tried to achieve this. My portfolio has never seen a negative balance, but I certainly haven't made as much money as those who just hold. In addition, I followed prices for days and did fine-grained technical analysis. Those who just hodl made more money than I did with less effort.

[lienfaye]

~ Do people hodl just because others are HODLing?

We have our own reasoning why we're holding, and probably one of the main reason is to profit in the future. However you should not hold just because you want to copy what others are doing. But hold because you understand what Bitcoin is and its potential.

~ Why do people hodl rather than sell and buy again when low

Because many believe holding for long term is profitable. If you track the past history you'll understand why.

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

I believe holding Bitcoin is a wise decision to be a huge gainer. I plan to hold for long term, that's why even the price is decreasing it doesn't bother me since i'm more optimistic of what future holds.