It is ok to sell your Bitcoin.

[Fara Chan]

Let's take another example, if I'm buying bitcoin now, and I've been doing this throughout the bear market, then it's understandable that I don't want to spend bitcoin now, when I understand that its price is too low now, if I expect its price to rise during the next 1-3 years in a few times, maybe even 5 times, then I will spend my bitcoins then with a much greater desire than now.

Every movement has a purpose and every work has positive or negative results, here we take the positive part, one of which is buying Bitcoin holding and waiting for changes in price values and waiting for the right time to release them, every investor has a direction of achievement of course in terms of profit, as you said they will do the job of buying and releasing it when the price is higher than the time of purchase, that's the advantage in investing especially Bitcoin, even though it takes a long time, and in between times I'm sure they will make a purchase.

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[Synaesthesia]

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

The reason I hold is because I want to get the biggest profit possible, and I am not good at trading, I often lose in trades, so I decided holding would be more suitable for me. I left the market when the bear season came and came back later, I could say I missed the opportunity in the past. Now I know how the market works, so I have no reason to leave the market anymore. I will stay with the market till the end.

That's a great strategy! Holding can definitely be a good approach for those who aren't confident in their trading skills or who prefer a more passive investment style. It's understandable that you took a break from the market during the bear season, but it's great that you've returned and have a better understanding of how things work now. By staying in the market, you'll have the opportunity to potentially see your investments grow over time. Just make sure to keep monitoring the market and make informed decisions, and you'll be on your way to potentially reaching your investment goals.

[kamvreto]

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

HODLing is a popular strategy among cryptocurrency investors, in which they "hang on with all their heart" and refrain from selling their assets, even during a bear market. Reasons for HODLing can vary, but are often driven by a belief in the potential and long-term value of a particular cryptocurrency.
However, HODLing can be a high-risk strategy, as the cryptocurrency market can be highly volatile and subject to significant price swings. To survive a bear market while HODLing, some investors may choose to diversify their portfolio by holding a variety of cryptocurrencies, or they may adjust their investment strategy to reduce their overall market risk exposure.
It is important to remember that cryptocurrency is a high-risk investment, and it is important to do research and understand the risks involved before making an investment decision. In addition, it is always advisable to consult a financial consultant before making any investment decisions.

[mendace]

That's a great strategy! Holding can definitely be a good approach for those who aren't confident in their trading skills or who prefer a more passive investment style. It's understandable that you took a break from the market during the bear season, but it's great that you've returned and have a better understanding of how things work now. By staying in the market, you'll have the opportunity to potentially see your investments grow over time. Just make sure to keep monitoring the market and make informed decisions, and you'll be on your way to potentially reaching your investment goals.

That's a great strategy! Holding can definitely be a good approach for those who aren't confident in their trading skills or who prefer a more passive investment style. It's understandable that you took a break from the market during the bear season, but it's great that you've returned and have a better understanding of how things work now. By staying in the market, you'll have the opportunity to potentially see your investments grow over time. Just make sure to keep monitoring the market and make informed decisions, and you'll be on your way to potentially reaching your investment goals.

[Ptb73]

I think people are just afraid to sell their Bitcoin. The idea that you should HODL Bitcoin is very much being promoted. If you sell it, then you are not a true Bitcoiner and you are an outcast in crypto space. That's bad.

[Falconer]

I think people are just afraid to sell their Bitcoin. The idea that you should HODL Bitcoin is very much being promoted. If you sell it, then you are not a true Bitcoiner and you are an outcast in crypto space. That's bad.

I sell it when I need it, am I also outcast enough to be in this crypto space?
You can't be proud to never sell your bitcoins while you have to cover huge fees out there on really urgent matters. Imagine if you are sick, or you really need capital to build your business, then do you have to make loans up to your neck while still maintaining your intention to hold on in the long term?

After all, bitcoin was never designed solely for investing and trading assets, either in the short term or the long term. You have to wake up and see how many people out there have built business and accept bitcoin as means of payment. They use bitcoin as currency, so do you still think they are outcast even though they have used bitcoins the way they were created?

[Stalker22]

I think people are just afraid to sell their Bitcoin. The idea that you should HODL Bitcoin is very much being promoted. If you sell it, then you are not a true Bitcoiner and you are an outcast in crypto space. That's bad.

Yeah, I totally get what you are saying. The concept of HODLing Bitcoin is heavily promoted in the community, causing some individuals to be hesitant to sell their Bitcoin. But, the notion that selling Bitcoin makes you an outsider in the crypto world is not accurate. Everyone should have the freedom to make their own financial decisions without fear of being ostracized. It is important to keep in mind that for every seller, there is a buyer on the other side. No big deal.

[imamusma]

I agree that anyone can sell their bitcoin at any time and for any purpose.
We don't need to be too rigid about this asset by just holding it without a selling plan, this is decision that may not be wise because investment aims to make  profit not to forever monitor its price fluctuation. So it's okay to sell when it's time to take profit.

I also don't think I should sell all of my holding in one fell swoop, it will probably be in parts as long as I still feel I am benefiting from it. Selling or holding is  decision that must be in accordance with the wishes, market conditions, and urgent needs, so selling it is definitely not problem.

[Fara Chan]

I think people are just afraid to sell their Bitcoin. The idea that you should HODL Bitcoin is very much being promoted. If you sell it, then you are not a true Bitcoiner and you are an outcast in crypto space. That's bad.

I sell it when I need it, am I also outcast enough to be in this crypto space?
You can't be proud to never sell your bitcoins while you have to cover huge fees out there on really urgent matters. Imagine if you are sick, or you really need capital to build your business, then do you have to make loans up to your neck while still maintaining your intention to hold on in the long term?

Logic would be, in theory of course at a very destitute time we need to change the initial plan in order to launch a very urgent need, selling Bitcoin can be done when circumstances do not allow, one example as your statement said. and we can say the basic concept of Bitcoin Investment with Holding, it is estimated that the long term is a good method, but in between times of poverty especially we will think about what is more important for urgent needs, of course selling it even in the short term. and resume asset recovery work when time and conditions improve.

[jokers10]

Logic would be, in theory of course at a very destitute time we need to change the initial plan in order to launch a very urgent need, selling Bitcoin can be done when circumstances do not allow, one example as your statement said. and we can say the basic concept of Bitcoin Investment with Holding, it is estimated that the long term is a good method, but in between times of poverty especially we will think about what is more important for urgent needs, of course selling it even in the short term. and resume asset recovery work when time and conditions improve.

Bitcoin is just money and IMO we should consider it so: if we need money at the moment for anything important and we don't have enough fiat for that then of course we should use crypto assets we have for the needs we have. Or for what do we get it? Holding for just holding is a strange idea. We collect bitcoins for having some assets in the future to buy what we need or wand and that future can be at the moment as well. And even if there is something that we just want and we need to spend bitcoins for that we should not feel disappointment with spending bitcoin, because even buying something pleasing is important: we can always earn more bitcoins in the future, but we can not get the happiness of today any day in the future, it can be achieved today only.

[Tony116]

However, HODLing can be a high-risk strategy, as the cryptocurrency market can be highly volatile and subject to significant price swings. To survive a bear market while HODLing, some investors may choose to diversify their portfolio by holding a variety of cryptocurrencies, or they may adjust their investment strategy to reduce their overall market risk exposure.

I don't think holding is a high risk strategy. If you invest bitcoin with idle money that you don't need to use for daily expenses or urgent work, then you will have no problem holding even if bear season lasts a few more years. Holding will be high risk when you do not invest in bitcoin but invest in shitcoins, because in the long run, the shitcoins will disappear, not recover like bitcoin. One more thing, diversifying your portfolio with altcoins will not make your investment any safer.

[nullama]

~snip~
I don't think holding is a high risk strategy. If you invest bitcoin with idle money that you don't need to use for daily expenses or urgent work, then you will have no problem holding even if bear season lasts a few more years. Holding will be high risk when you do not invest in bitcoin but invest in shitcoins, because in the long run, the shitcoins will disappear, not recover like bitcoin. One more thing, diversifying your portfolio with altcoins will not make your investment any safer.

Yes, absolutely.

It can be seeing simply as saving money.

Bitcoin gives you a great incentive to do that, because it's expected for it to increase in purchasing power over the years.

On the other hand, fiat is expected to lose purchasing power over the years.

So, it clearly makes more sense to save money in Bitcoin rather than in fiat.

[romero121]

The major reason behind hold is not to take risk. With people wanting to take risk and increase the holding go for regular buy low and sell high. Everytime we can't be successful with the trade and that is the reason why people prefer holding. In the past holding isn't much preferred and at some point it is believed that patience is much more important than anything to profit out of cryptocurrency investment. This is where people started to prioritise holding than just spending.

[Iranus]

The major reason behind hold is not to take risk. With people wanting to take risk and increase the holding go for regular buy low and sell high. Everytime we can't be successful with the trade and that is the reason why people prefer holding. In the past holding isn't much preferred and at some point it is believed that patience is much more important than anything to profit out of cryptocurrency investment. This is where people started to prioritise holding than just spending.

In addition to the reason holding is safer than trading, there are many other reasons, such as many people don't have time to trade, so they choose to hold, or many think holding can bring bigger profits than trading. Personally, I think holding will be more profitable than trading because trading is too risky like you said, and I also have an outside job, so I can't sit in front of the computer all day to analyze the market. Hold or trade is also for profit, both are good, choose whichever method suits your situation.

[MiF]

I think it is ok to sell bitcoins depending on the situation or the problem, if it is very important matter or emergency situation we need to sell bitcoins for good or to support financial problems, but if we are selling bitcoins for nothing then it is really a bad decision, because bitcoin is a good long term investment.

[rhodelmabanal]

I think it is ok to sell bitcoins depending on the situation or the problem, if it is very important matter or emergency situation we need to sell bitcoins for good or to support financial problems, but if we are selling bitcoins for nothing then it is really a bad decision, because bitcoin is a good long term investment.

Your right many people regret from thier decision of selling bitcoin because if they don't sell thier holdings they well earn multiple profit and now they end up losing, the question is why do they sell bitcoin in the wrong time? Some of the sellers are not new in crypto so i also think that they have a good reason for selling thier holdings.

[Nrcewker]

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

If you don't, somebody will.

Yes if you reach a certain point where you get your desired profits, then it’s better to sell the coins at that point of time, rather than holding further. If you greed for more and hold it for more times, then you might get more profits but along with that, the risk of getting loss will also increase . It is always OK to sell the Bitcoins when you are in need of emergency money. You can also sell the Bitcoins if you have yielded maximum profits from it. Basically selling the coins completely depends on person to person, so yes people sell it according to their will.

[jokers10]

Your right many people regret from thier decision of selling bitcoin because if they don't sell thier holdings they well earn multiple profit and now they end up losing, the question is why do they sell bitcoin in the wrong time? Some of the sellers are not new in crypto so i also think that they have a good reason for selling thier holdings.

FOMO is a bad feeling and we should avoid it. Before selling your bitcoins you just should reflect if it is the most right moment as could be seen from that exact time; if you need those money to spend at that moment; if you don't have fiat to spend. If after all you still think you need to sell, remind you in the future that it was a considered decision and fight with your FOMO.

[yudi09]

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

Not because other people are hodl, but because the desired price is not what you want.

So my question is:
~ Why do people hodl rather than sell and buy again when low

Selling when the price is lower than the purchase price makes investors choose to stay rather than sell and then buy again. Sometimes some investors sell because the profit has been obtained even though it is not too large. This is usually the routine of day traders.

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

The reason investors choose to hodl is actually the same because they clearly want to make a profit as the purpose of the investment itself.

[blockman]

The reason investors choose to hodl is actually the same because they clearly want to make a profit as the purpose of the investment itself.

Yup and that's true.
We're all ending with the same reason why we hold and that is because we want to see our holdings have a better price and value to appear. There's no other reason why we want to hold. Yes, some may literally say that they're for the tech but we can't remove one fact and that is all about wanting to make more in the long run because we're all aware the longer we hold then the better value and price will be seen soon for bitcoin.