It is ok to sell your Bitcoin.

[nullama]

~snip~
There are not enough vendors accepting bitcoin to buy everything you want at the moment. So if you want to spend your bitcoins unfortunately you still usually need to use a some fiat currency intermediate. But if you talk about exchanging bitcoin to fiat not for specific purchase then I can only agree that see no sense choosing to change holding from bitcoin to fiat.

Yeah, for small amounts, day to day expenses in which is not possible to pay with Bitcoin, I'm wondering if it could be a good idea to have one of those prepaid cards that you topup with Bitcoin.

Basically that way you only sell exactly what you need when you need it, and don't have to be exchanging Bitcoin to fiat all the time manually.

I can see that as something useful. Not to have your whole savings, but to have lets say a week or a months expense worth there.

On the other hand I can see how simply exchanging fiat whenever you want to and keeping a fiat buffer might be a better idea.

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[Davidvictorson]

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

My main reason for hodling is that it gives me peace of mind. However, I do advise people who are interested in investing not to  invest a dime in Bitcoin until they have paid off all high interest debt and have multiple months' worth of living expenses saved in fiat for an emergency fund. This is the first rational step I took, and now I hold stress-free. Another thing I tell them is to ensure that they never sell at a loss should any exigency happen, say the loss of a job or illness.

[Negotiation]

For the crypto market to go up and down it is a good idea to sell coins when the price goes up and hold when the price goes down. Investing in bitcoin is a good long term investment alternatively, instead of scheduling a one on one meeting ahead of time, we can go to a local bitcoin meetup. There are a plethora of similar events around the world, where attendees can buy and trade bitcoin and other digital currencies. This is usually the safest setting for face to face communication it is the right time to hold as the price of bitcoin will go higher.

[SmartCharpa]

Yes, it's acceptable to sell your bitcoin when you've made a lot of profit. As for me, I buy bitcoin when the price drops and sell it when the price rises because we can't let the price fall on bitcoin when we've made a lot of profit lest we lose the money we've already earned. I may therefore sell bitcoin if the owner approves of the decision.

[Hyphen(-)]

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.

If the main goal of holding Bitcoin is to buy and sell immediately as the price rises, many early investors will be unable to keep their Bitcoin until today, and Bitcoin adoption will not have reached this stage because people will simply regard Bitcoin as a commodity that they will trade.

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?

Everyone has their own perspective on holding Bitcoin; some people are short-term investors who only buy Bitcoin to sell it after they have made a profit; they have no intention of holding Bitcoin for an extended period of time; I refer to those types of people as traders, not holders, because Bitcoin holders are people who hold Bitcoin for an extended period of time.

[Osama Maaz]

Selling Bitcoin in this bear market is not make any sense if you buy bitcoin for long-term and you believe this revolutionary technology ,
But you are a trader means you need only profits dont have interest in blockchain and come to this field for only making money so sell in parts and buy at supports in different prices that again you DCA your average buying below 20k then i guarantee that anyone will make easy profits in small moves .

[Jatiluhung]

Yes, it's acceptable to sell your bitcoin when you've made a lot of profit. As for me, I buy bitcoin when the price drops and sell it when the price rises because we can't let the price fall on bitcoin when we've made a lot of profit lest we lose the money we've already earned. I may therefore sell bitcoin if the owner approves of the decision.

If you buy bitcoin from a lower price, not for a long-term investment, then it's not wrong to sell it when you feel you have enough profit. because it means you are making a short or medium term investment. and that's normal. and some people also do that i.e. sell when the price starts to go up and buy back when the price goes down again. I do that in altcoins. But in bitcoin I prefer to hold it longer (long term) and be prepared to buy more when the price drops again.

[Franctoshi]

Another thing I tell them is to ensure that they never sell at a loss should any exigency happen, say the loss of a job or illness.

This is only if the Bitcoiner has other ways of settling such problem then I agree with you, but in situation such as illness, as they say health is wealth or lost of job where the the person has no place to get money to get himself out of such situations, then selling some Bitcoin to first sort yourself out isn't a bad idea, because these are part of reasons why we do investment in the first place, in order to have where we can dig hand to be able to get ourselves out of potential I'll situation like that.

[Henrobakkara]

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?

I agree with you but I see this in two folds. You are either a HODLER or a Day Trader but either way, I still agree to not hodlin forever while you could have sold at ATH for long-term HODLERs and buy back when the market must have dropped below -75% to -80% for me and repeat the process and for day traders which I am not good at, I believe traders should have their target price to take profits and use stop loss as you mentioned.
You would definitely have to sell at a point to maximize profits which is the essence of investment.

[Smartprofit]

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?

1. In my opinion, the main reason for the active use of the "hold" strategy is the history of Bitcoin.  For more than 10 years, the price of the first cryptocurrency has been constantly growing (with certain interruptions).  People who kept their coins for a long time increased their capital many times over. 

2. There are several reasons why people don't sell their bitcoins.  One of these reasons is the technical complexity of exchanging Bitcoin for fiat currencies (in some countries such operations are limited or prohibited by law).  Another reason is that it is very difficult to predict the further movement of the price of bitcoin. 

3. I spend my Satoshi in a bear market if I have an unexpected expense.  In my opinion, it is much easier to keep from selling your bitcoins in a bear market than in a bull market.

[jokers10]

Yeah, for small amounts, day to day expenses in which is not possible to pay with Bitcoin, I'm wondering if it could be a good idea to have one of those prepaid cards that you topup with Bitcoin.

Basically that way you only sell exactly what you need when you need it, and don't have to be exchanging Bitcoin to fiat all the time manually.

I can see that as something useful. Not to have your whole savings, but to have lets say a week or a months expense worth there.

On the other hand I can see how simply exchanging fiat whenever you want to and keeping a fiat buffer might be a better idea.

Those cards look attractive and I'm thinking of them sometimes also, but then I remember that I really rear spend bitcoins. And until I spend mostly fiat got as fiat I'm not hurry to order a card which I will hardly often use in a nearest future. But in a prospect... well, I hope there will be more stores accepting bitcoin directly in a prospect.

[Altryist]

If you buy bitcoin from a lower price, not for a long-term investment, then it's not wrong to sell it when you feel you have enough profit. because it means you are making a short or medium term investment. and that's normal. and some people also do that i.e. sell when the price starts to go up and buy back when the price goes down again. I do that in altcoins. But in bitcoin I prefer to hold it longer (long term) and be prepared to buy more when the price drops again.

If you are a trader, then there is no difference than trading bitcoin or altcoins, or is there a difference, it lies in the fact that when you have bitcoins when the price falls, you will feel much calmer. This only applies to the part of the funds that you allocate yourself for trading, because the bitcoin that we buy to hold as a long-term investment is not worth selling, this is our investment, which we cannot risk.

[Hamza2424]

I am not sure about your objectives but dear if you think its good to sell then bro it is good. In the general objectives and collective point of view, the results say Selling in loss even in small profits is not good. As your BTC you can do whatever you want to. This community has no effect if you or I or anyone else sell his/her BTC.

[freedomgo]

Yes, it's acceptable to sell your bitcoin when you've made a lot of profit. As for me, I buy bitcoin when the price drops and sell it when the price rises because we can't let the price fall on bitcoin when we've made a lot of profit lest we lose the money we've already earned. I may therefore sell bitcoin if the owner approves of the decision.

That actually depends on your plan and what market price is your goal, some are also giving a full 5-year of pure hodling for the bitcoin they bought before trying or thinking of selling those bitcoin they hodl. For me, I'm looking forward and patiently waiting for the specific price that I'm looking for before taking some actions like selling a part of it. There are also some kind of investors that I know who are still buying some coins even at the height of the bullish season because they believe that they are still buying cheap compared to the future value of the coins they bought.

[cozytrade]

For the crypto market to go up and down it is a good idea to sell coins when the price goes up and hold when the price goes down. Investing in bitcoin is a good long term investment alternatively, instead of scheduling a one on one meeting ahead of time, we can go to a local bitcoin meetup. There are a plethora of similar events around the world, where attendees can buy and trade bitcoin and other digital currencies. This is usually the safest setting for face to face communication it is the right time to hold as the price of bitcoin will go higher.

When I see the price of coins dumping, I buy and hold the coins. When I see the price of those coins increase a lot, I sell them. But I always prefer to invest above Bitcoin, so I always invest in Bitcoin. But  I have never lost money investing in Bitcoin, I have always made a profit. I often lose money from other coins I invest in. Now I don't invest much.

[coinerer]

For the crypto market to go up and down it is a good idea to sell coins when the price goes up and hold when the price goes down. Investing in bitcoin is a good long term investment alternatively, instead of scheduling a one on one meeting ahead of time, we can go to a local bitcoin meetup. There are a plethora of similar events around the world, where attendees can buy and trade bitcoin and other digital currencies. This is usually the safest setting for face to face communication it is the right time to hold as the price of bitcoin will go higher.

When I see the price of coins dumping, I buy and hold the coins. When I see the price of those coins increase a lot, I sell them. But I always prefer to invest above Bitcoin, so I always invest in Bitcoin. But  I have never lost money investing in Bitcoin, I have always made a profit. I often lose money from other coins I invest in. Now I don't invest much.

You only invest in Bitcoin it's your very best strategy because Bitcoin is the most dependable crypto to invest comfortably. But it would be a better plan if you invest in Bitcoin with a roadmap for 5 to 10 years. And in that case, instead of investing large amounts at once, if you keep accumulating bitcoins in small amounts, one day it will become a large amount, and if you continue to do this for a long period of time, you will own a large amount of money in the future.

[ZAINmalik75]

For the crypto market to go up and down it is a good idea to sell coins when the price goes up and hold when the price goes down. Investing in bitcoin is a good long term investment alternatively, instead of scheduling a one on one meeting ahead of time, we can go to a local bitcoin meetup. There are a plethora of similar events around the world, where attendees can buy and trade bitcoin and other digital currencies. This is usually the safest setting for face to face communication it is the right time to hold as the price of bitcoin will go higher.

When I see the price of coins dumping, I buy and hold the coins. When I see the price of those coins increase a lot, I sell them. But I always prefer to invest above Bitcoin, so I always invest in Bitcoin. But  I have never lost money investing in Bitcoin, I have always made a profit. I often lose money from other coins I invest in. Now I don't invest much.

While I jump into bitcoin I never have any lost because most of the time I have good profit, and I am really feeling this is darling of my this new life because with this Bitcoin I feel comfortable and have too many positive things in my life mostly when I feel price is going down I buy and then hold for the time being until I have better profit because I never sell in panic or any other problem mostly I love to accumulate this for long time.

Now today price is already touching 23,000 which mean I already have enough profit, but my feeling is this can go at high so right now I have chance to take some profit but if I feel comfortable otherwise I have target of six digits in my long run hodle because this is fact and surely going to happen in near future despite all rumors and other troubles.

[OgNasty]

It is OK to do whatever you want with your Bitcoin. If it ever doesn’t become OK to do what you want with your Bitcoin, then you can do what you want with them anyway. That’s the beauty of Bitcoin and an immutable ledger.

Don’t listen to the people who tell you what to do or not to do with your coins. They just want you to hold so the price is higher when they sell because stupid people think this is a zero sum game.

[Flexystar]

I don’t know if those questions are valid to ask everyone. See basically you asking someone else about my thinking or vice versa.

How can I tell if people are hodling because someone else hodling? You can ask me whether I’m relying on someone else for my hodling? The answer is simply no. Why would I be concerned about how others are investing if I have to work my way using my own money. I can and I should decide what to invest, for how long to invest and in what to invest.

No one gives nuts in the money making industry or trading industry. Moreover, in crypto everything is volatile so no one guarantees you profit. Better be self sustained here.

[DeathAngel]

The primary reason for investing in bitcoin is to make your life better & easier in any way that you possibly can. It’s never a good idea to sell your entire holding of bitcoin but if after selling nothing for many years & being in big profits, selling some would make your life a lot easier then do it.

If you can hold some bitcoin for 10-20 years then you will do very well. You might want to sell a little after 5 years though to put a chunk down on a home or pay off debt etc.

There are no rules you have to follow. Anybody who says hodl for life is a bit silly imo.