It is ok to sell your Bitcoin.

[Cantsay]

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.

I don't quite understand what you write in your post "if the owner approves of the decision" does that means that you're trading other people's Bitcoin for them or what? It the former is true then you should at least teach them how to do it themselves so that you can have more time to focus on yours and please trading Bitcoin for others is a little bit acceptable to me but you see all those altcoins out there? Don't ever try to help anyone trade them because you can never tell what's going to happen in the next few minutes. Be careful of this your act so that you won't get into trouble.

[1714671887]

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[Hypnosis00]

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

It was a dead strategy by now. We can't assure about the market cycle, not even we can sure that 2-3 years from now the market is bullish. That is why investors had take advantage of selling their Bitcoin when there is a price increase for profit. I'd that it was not important to earn big when you can just do it for one time rather than earning a small profit but in multiple times which I think it was a very effective strategy for me. Buy low and Sell high - nothing has been said to hold longer.

[Issa56]

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.

If you sell your coin, nobody will blame you, it's your money and you are free to do anything you want with your money, people will only advice you to Hold because they believe bitcoin price will be massive in the future. I don't think anybody can decide for you what to do, they can only advice and guide you, so everything is left for you to decide.

~ Do people hodl just because others are HODLing?

Am sure some people are holding because other people are asking them to Hold but am holding because I know bitcoin price is still very low currently and later in the future, we won't see bitcoin price in this range.

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

I started accumulating bitcoin since 2020, when Bitcoin price was still kind of low, if I sold and am still waiting for bitcoin to drop to that price before I buy again, I might not be able to buy back because bitcoin price haven't gotten to that range again.

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

Whenever their is bear market, I always use the opportunity to accumulate more bitcoin, any money am having that I won't be using for that moment, I always use it to top my wallet. Whenever am accumulating bitcoin, I don't care about the amount of money am having in my wallet, I only care about the amount of bitcoin am holding and not the price of the bitcoin, no matter how bitcoin dump, it's only the price that will drop but 1 bitcoin will always remain 1 bitcoin if you don't sell.

[carlfebz2]

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.

Its your coin and its your money that you've been investing and holding on on which it is really just right that you do have the full decisions on whatever you would be deciding into those coins whether you would be

holding it no matter what or you would really be that selling it out partially or gradually basing up into your own needs and expenses.It does matter on some conditions too since not all are really that the same when

it comes to life situations where we do need up some money.If you do see that you are in profits since the price had made out some increase and you do able to get in while its still cheap
then its not bad to cut off and take profits and cherish it out.

[TelolettOm]

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.

That's why we need to have our own target. So, whatever people state, we can ignore it and focus on our target. Whenever the price of Bitcoin meets our target, just sell the Bitcoin although other people tell us to hold. We can be optimistic to sell if we have our own target. But if we have no target, we must feel confused and may consider others' statements. However, to have our own target properly, it requires knowledge and experience.

[Sayeds56]

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?

The major reason of HODLing Bitcoin is, our firm belief in its long term potential as decentralized store of value, rather than profit seeking. Trading Bitcoin for short term profit making is associated with risks, as it is highly unpredictable asset due of its volatility and many other factors those influence its price, such as overall state of economy, inflation and technical overbought/oversold position of market, which can lead to loss of Bitcoin.

[jokers10]

That's why we need to have our own target. So, whatever people state, we can ignore it and focus on our target. Whenever the price of Bitcoin meets our target, just sell the Bitcoin although other people tell us to hold. We can be optimistic to sell if we have our own target. But if we have no target, we must feel confused and may consider others' statements. However, to have our own target properly, it requires knowledge and experience.

Oh yes, sometimes it's easier not to listen at all to not to hear something that could confuse you. And if you lose because of someone's else advice it is still your mistake that you've learned that idea. Even if I remember that, sometimes I can go with that someone says decisively, and it can be a mistake by itself.

Holding or using when we want is our own decision and it is better remember that and treat our money to our benefit as we understand it.

[Clark Anderson]

Selling your Bitcoin is a good idea, when the price or value of Bitcoin increases in a positive direction. Usually, it is advisable to sell out your profit. When u invest a particular amount in Bitcoin, you wait till your investment doubles up.

[Josefjix]

Selling your Bitcoin is a good idea, when the price or value of Bitcoin increases in a positive direction. Usually, it is advisable to sell out your profit. When u invest a particular amount in Bitcoin, you wait till your investment doubles up.

It's simply a good strategy to buy during the dip and sell during the bull season. Bitcoin fluctuates and causing high volatility in the market, imposing FOMO in the minds of investors and traders. Presently, I'm taking my time to map out good entry on bitcoin chart, it's definitely going to be profits at the end. I'm always positive to be eating good with profits from my trading position with enough confidence. Holding is the best alternative to triggered when the bear season is up and running but patience results in profits at the end.

[Wiwo]

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?

Holding or acquiring Bitcoin is done with various motives while some holders are in for the long term frame others are just traders who are in the market for just quick gains, so their both are two different concept and ways of accumulation of their assets.
-long term holders seem to be more conversant with cold wallet since their in for the long term.
-But bitcoin traders, on the other hand are in for the profits and gain of the market and their seem to make frequent use of exchange and pay more attention to DCA price of Bitcoin at whatever time.

[ilovealtcoins]

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

I hold long because I believe bitcoin long term will give me bigger returns. If you look at bitcoin's history from 2009 to the present, you can see bitcoin has gone from $0.01 to $23k, which shows that bitcoin's long-term returns are huge. In the short term, bitcoin can also be profitable, but bitcoin is very volatile and very easy to lead to loss if you do not have too much knowledge about the market. I think that's why people prefer the long term to the short term.

[yohananaomi]

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

I hold long because I believe bitcoin long term will give me bigger returns. If you look at bitcoin's history from 2009 to the present, you can see bitcoin has gone from $0.01 to $23k, which shows that bitcoin's long-term returns are huge. In the short term, bitcoin can also be profitable, but bitcoin is very volatile and very easy to lead to loss if you do not have too much knowledge about the market. I think that's why people prefer the long term to the short term.

actually both timeframes are equally good, but indeed the short term requires very strict discipline to be able to keep on monitoring at all times and analyze properly and one cannot avoid that experience clearly determines everything that will be done in the short term. so it's no wonder that many don't want to speculate with bitcoin for the short term because the impact that can occur is huge because the price of bitcoin is quite high and the movement is very fast.
long-term bitcoin investment is the most reliable and tested, the risk is very small and can even be said to be rare, because indeed bitcoin has a repeating nature so that after a decline bitcoin will increase sharply and always reach a renewable ATH.

[LogitechMouse]

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

Possible.

I mean we have different reasons why we are holding a particular coin in the first place. There are some who are hodling coins because they believe that it will go up increase 3-5 years from now. There are some who choose to hold because they just wanted to. There are some like me that are hodling coins because they believe they will rise in price in the future and at the same time, hodling it because they are staking it.

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

Because we don't know when and when.

People tend to have this mindset where if Bitcoin hits a high price, they will think like "it will go higher even more" thus, they force to hodl even more instead of selling it. On the other hand, there are some people who have this mindset of "it will go down even lower and I'll wait for it to happen" and the ending? They didn't buy any Bitcoins because by the time they're waiting for the "low" to be reached, it pumped already.

I guess it's my mistake on my part that I didn't sell my Bitcoin holdings when it was at it's peak and just bought last year. At least now I learned from my mistakes and I've adjusted my strategy on it.

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

Hoping that it's price will rise 3-5 years from now. That's the reason why I'm hodling and when I'm hodling, I'm only hodling those top market cap coins that I believe will have a huge development in the future.

How did I survive the bear market? Doing nothing is the best thing to do. It's a simple strategy, but it's hard to do especially for those people who are panicking because they see Bitcoin's price going down

[jokers10]

I hold long because I believe bitcoin long term will give me bigger returns. If you look at bitcoin's history from 2009 to the present, you can see bitcoin has gone from $0.01 to $23k, which shows that bitcoin's long-term returns are huge. In the short term, bitcoin can also be profitable, but bitcoin is very volatile and very easy to lead to loss if you do not have too much knowledge about the market. I think that's why people prefer the long term to the short term.

But well, what's at the end? To hodl to get more to hodl to get more? And then we'll still hodl because there'll be more after that, right? Accumulation for the purpose of accumulation. Someday we still should spend what we save at the moment because otherwise it IMO has no real sense: I don't think digital money is only what we expect to have in our lives.

Sometimes it is so hard not to put off life for never coming tomorrow...

[wiss19]

Those who said that are selfish and only thinks about themselves. They don't want people to sell but just buy only in order for the price to rise but after that, they will make sure that they are the ones that will sell first before the price dips.

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?

~ Yes, but not all people are hodling a Bitcoin. Some are just using it as a currency.

~ Those HODL, doesn't HODL their coins forever but they also sell it when the bull market arrives. There are some who sells it early for some reasons like they are worried or they simply need a money for emergency purpose.

~ My major reason for hodling is to have something to use for the future because life is so unpredictable. I might have a job now and not having a difficulty but I shouldn't be contented with it. I know I can just save a fiat but BTC is much better as its value grows overtime. I can survive the bear by leaving the market for a while.

[Maxre]

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?

So answer for your questions is that you should just do what suits for you but still in crypto there are almost many types of crypto traders that want to earn money. And these are listed below.

1. Long Term Holders(Whales)
2. Mid Term Holders( I'm one of them currently)
3. Short term traders( Mostly future trades people)

I am in mid term holder and want to max out my profits. So if you are so short term trader than you should exit and thus you will not get any kind of rewards. And also risk to reward Ratio is also of the key parameters to consider and also handle situation.

[nullama]

Bitcoin really is money.

You can save money, not sure why people consider HODLING as something different to simply saving money.

You can also spend money, Bitcoin is no different here, you can send Bitcoin for goods and services, there's no issue there, that's how money works.

Bitcoin is a better version of money, but it's still money nonetheless.

[Osama Maaz]

Of course anyone wants sell his bitcoin sell but buying back is more important and this strategy is works in swing trade trading techneque but selling or any crypto is not as all the accet sellel in one position but sell in different positions like we buy for taking more profit ,
And remember in longterm future of crypto is bright but we dont know which alt is danger so prefer to invest on bitcoin .

[Faisal2202]

Yes ubari I have red your post thoroughly and you I am I very totally agree with you people tend not to sell their Bitcoin in the high of market sentiments and choose the way of holding them for more profits with good hopes in future. The answer to your first question is not really, most of the time people fall prey to many market sentiments which I have discussed in my recent article on Don’t Fall Prey to these Market Sentiments and Save your Bitcoin
Answer to your second question is very simple these are the people that are optimistic towards Bitcoin future they have deep believe on the bright future of Bitcoin so they do not hesitate to hold there BTC.
Answer to your third question is every individual has its own agenda's regarding to holding, for me, I hold tokens until I get profit well holding and investing and trading or three different things that we should know the difference about them to understand the word holding.

[nurilham]

Of course anyone wants sell his bitcoin sell but buying back is more important and this strategy is works in swing trade trading techneque but selling or any crypto is not as all the accet sellel in one position but sell in different positions like we buy for taking more profit ,

Both selling and buying are important, you shouldn't assume buying back be more important than selling our Bitcoin. To sell our Bitcoin, we need to set a target, it should be a realistic target that we conclude from certain analysis/research. Don't be greedy to set the target (profits), it may trigger to miss the chance to sell Bitcoin at the right time. However, I assume most people won't sell their Bitcoin now, we all focus on buying more during this bearish season. The best time to sell is when the bullrun season comes, it is predicted to happen after the BTC halving in 2024. But if you do swing trading, it is okay to sell your Bitcoin as long as the profits are good enough. Just make sure that you won't buy back at a more expensive price.