It is ok to sell your Bitcoin.

[danadc]

~ 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.

It is an excellent way of thinking and it is best to keep it in a private wallet, with what has happened it is not advisable to have it in an exchange, I had some USDT in an exchange and I want to spend them or buy bitcoin, I did not buy bitcoin when it was less than 23 thousand dollars, now I regret it, if bitcoin is sold right now it is a decision of each one, no one should get into the finances of others because each one manages their economic situation, but it is not advisable, the price has just begun to rise, and today It is at 23,000 dollars, tomorrow it can change to 50,000 dollars, the opportunities are right under our noses.

[Agbe]

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?

It is a good question to say. Most people are not even hodling bitcoin but they are saying hodling because others are saying it here. Really real business is buying and selling to make profit. That is also apply to trading. Let me answer your questions though I have partially answered one. The first one is, nobody is hodling because others are hodling. If you hodle because others are hodling, it's of no use. Everyone hodle because of his mindset directed him or her to do so and they can sell it at their will. Secondly, it is a very simple answer, it is for huge profit.

[nullama]

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.

Well, you have to be in for the tech as well to hodl because that's basically what will allow you to spend it in the future.

Because it's a great way of spending money as well. At the end of the day Bitcoin is the best type of money that has ever existed.

Of course you would want to save it (hodl), but using it is as much important.

[hcampaingns]

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.

You are right bro!
we are hold it just getting profite in future. if we hold it for a long time then BTC make a better and Value able price. We just want secure of money and get some profite by BTC. We know if we hold for long time we get good assets.

[Maestro75]

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?

Number 1, yes there are people who hold because others are holding. They hold till price increases and they don't sell off, price crashes back again and they continue to hold. Answer to your 2nd question. Alot of people keep holding because they do not know when and how to sell off and then buy back quickly at cheaper price. My reason for holding is to make more profit when it appreciates in price. I do not want to hold for the sake of holding without making profit from it.

[Nobility17]

It's just simple logic, scarcity increases value, abundance reduces. By the next halving we all know what's going to happen to the pricing. So then it's now left for people to take the necessary calculated risks associated with either Hodling or Selling.

[nullama]

It's just simple logic, scarcity increases value, abundance reduces. By the next halving we all know what's going to happen to the pricing. So then it's now left for people to take the necessary calculated risks associated with either Hodling or Selling.

I don't see the point of buying fiat with Bitcoin.

I mean, if you buy a house, or whatever, then it makes sense. But just simply buying fiat in the hopes that you can go back and buy more Bitcoin later on?, seems very unlikely that that plan will turn on perfect.

Also you have to pay exchange fees, use a lot of your time checking prices, news, etc, tracking the economy, etc, just to try to time the tops and bottoms, and also paying capital gains tax, etc.

Even if you make X amount of money, you'll be having less because of the exchange fees and the taxes. And possibly you might end up not making any money, and still paying those fees and taxes.

Whereas if you just save Bitcoin, you don't have to worry about any of that and can focus on your own life.

[Fuso.hp]

It is not always the case that people have benefited from investing in Bitcoin. Many times many people face losses by investing in Bitcoin and other Crypto industries. But you should not always invest for a long period of time because after investing you see that you have got some profit from this investment, if you are satisfied with that profit then you can sell your investment amount at that time. But there are many who will only say that you buy bitcoins and hold them for the long term. When the price of Bitcoin reached $16K dollars, those who invested in Bitcoin can now sell their Bitcoins, hoping to get a good profit.

[jokers10]

It is not always the case that people have benefited from investing in Bitcoin. Many times many people face losses by investing in Bitcoin and other Crypto industries. But you should not always invest for a long period of time because after investing you see that you have got some profit from this investment, if you are satisfied with that profit then you can sell your investment amount at that time. But there are many who will only say that you buy bitcoins and hold them for the long term. When the price of Bitcoin reached $16K dollars, those who invested in Bitcoin can now sell their Bitcoins, hoping to get a good profit.

1BTC is always 1BTC. Until you exchange it to anything, you didn't lost. Panic caused with rates changes is one of a known foes of an investor: if an asset is reliable then you should better wait until it recovers and not panicky sell it just because of drawdown. You can lose if you stay in fiat as it is inflationary, but if you stay in bitcoin you can just wait staying calm.

[kelechi]

It is not always the case that people have benefited from investing in Bitcoin. Many times many people face losses by investing in Bitcoin and other Crypto industries. But you should not always invest for a long period of time because after investing you see that you have got some profit from this investment, if you are satisfied with that profit then you can sell your investment amount at that time. But there are many who will only say that you buy bitcoins and hold them for the long term. When the price of Bitcoin reached $16K dollars, those who invested in Bitcoin can now sell their Bitcoins, hoping to get a good profit.

Honestly, I'm in this situation now. I bought a lot and then dump happened. But I transfered all from exchange to Ownr wallet for long term period. Think it will be part of my retirement plan

[rby]

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.

Bitcoin is money therefore it is right to spend your money and also it is right to earn money

What is wrong is having money in the form of Bitcoin and you're running into series of problems and refused to spend the money in the name of saving it for it to increase in value.
That is why it is advised that the money you invest into bitcoin should not be money you need for your immediate problems it should be money that you want to save for a very long time purposes

[CryptoBuds]

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.

Those who are holding bitcoins for a long time, saying that they invest and hold bitcoins for the sake of technology are the ones who are trying to lie. I'm pretty sure the majority of people hold bitcoins for the money and not for the second reason. If bitcoin were not profitable but only used as a payment method, I'm sure bitcoin wouldn't be as popular as it is today.
Although bitcoin is very volatile but in the long run bitcoin only always increases in price, many people do not like the risk of trading, so choosing to hold bitcoin is a good solution for them.

[Mauser]

It is not always the case that people have benefited from investing in Bitcoin. Many times many people face losses by investing in Bitcoin and other Crypto industries. But you should not always invest for a long period of time because after investing you see that you have got some profit from this investment, if you are satisfied with that profit then you can sell your investment amount at that time. But there are many who will only say that you buy bitcoins and hold them for the long term. When the price of Bitcoin reached $16K dollars, those who invested in Bitcoin can now sell their Bitcoins, hoping to get a good profit.

In case you really need the money than selling some Bitcoin and other crypto currencies is a way to raise your funds. Everyone needs to decide himself which assets to sell and which too keep. For me personally I would prefer to sell some of my stocks and bonds first before I ever touch my crypto coins. Back in 2016 I made the big mistake to sell all my coins, which I am regretting ever since. That is why I would only consider selling cryptos right now if I really have to get the money. Just make sure that you really want to get rid of your bitcoins, maybe it would make more sense to only sell a fraction of your crypto portfolio and keep the rest of them. The long term trend of bitcoins is still positive and it's only a matter of time for prices to recover.

[fzkto]

It is not always the case that people have benefited from investing in Bitcoin. Many times many people face losses by investing in Bitcoin and other Crypto industries. But you should not always invest for a long period of time because after investing you see that you have got some profit from this investment, if you are satisfied with that profit then you can sell your investment amount at that time. But there are many who will only say that you buy bitcoins and hold them for the long term. When the price of Bitcoin reached $16K dollars, those who invested in Bitcoin can now sell their Bitcoins, hoping to get a good profit.

Honestly, I'm in this situation now. I bought a lot and then dump happened. But I transfered all from exchange to Ownr wallet for long term period. Think it will be part of my retirement plan

If your plans are to hold onto your bitcoins for so long, until retirement, then you have chosen the right investment. In the future, the current bitcoin price will be a dream come true for many, as it was when it was worth $100 or $1000. But I can still recommend you to watch the market cycles to be able to sell in time and then buy again in time. That way you can maximise your capital.

[Fara Chan]

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.

Yes, that's right, in between times of poverty and not holding fiat money, the next step we have to take is to use the cryptocurrency assets that we already have, all aiming at holding assets to buy something you want, either in the future or present, crypto assets. it's not just that to be held, held, and continued to be held, this is indeed not logical that makes sense, it even sounds strange. collecting Bitcoins is one of the main steps that equips the future.

[summonerrk]

~ 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?

When the cryptocurrency falls, newcomers panic. They don't realize it's A SALE. And experienced people buy it without succumbing to emotions. Absolutely logical action, since it follows the golden rule in the world of trading - buy when the coin is cheap, and sell for expensive at the top of the price. In the future, the price of bitcoin may fall even lower, so now you should not buy with ALL the money. It is always necessary to leave financial room for maneuver. In our case - additional purchases. Keeping bitcoin without sales and purchases is not right. I think you should always balance between BTC and USDT.

[nurilham]

Those who are holding bitcoins for a long time, saying that they invest and hold bitcoins for the sake of technology are the ones who are trying to lie. I'm pretty sure the majority of people hold bitcoins for the money and not for the second reason. If bitcoin were not profitable but only used as a payment method, I'm sure bitcoin wouldn't be as popular as it is today.

Indeed. The main reason why people hold Bitcoin should be its profits. If Bitcoin isn't a profitable asset, surely people won't hold it because people have no advantage for its future. Specifically, people are trying to hold Bitcoin for the long term, it is because Bitcoin potentially multiplies its price significantly in the future. So, people seem to not hold Bitcoin for the long term if Bitcoin is only used as a digital currency without the potential profits.

[savetheFORUM]

When the cryptocurrency falls, newcomers panic. They don't realize it's A SALE. And experienced people buy it without succumbing to emotions. Absolutely logical action, since it follows the golden rule in the world of trading - buy when the coin is cheap, and sell for expensive at the top of the price. In the future, the price of bitcoin may fall even lower, so now you should not buy with ALL the money. It is always necessary to leave financial room for maneuver. In our case - additional purchases. Keeping bitcoin without sales and purchases is not right. I think you should always balance between BTC and USDT.

We shouldn't generalize them because I believe that there are still newcomers who are fully equipped with knowledge before they get their hands on Bitcoin. Meanwhile, those who panic sell when the price is dumping are also the same people who also panic buying after they see that the price of Bitcoin is skyrocketing.

This is wrong because this isn't the rule of investing/trading. In the future, it's expected that the price of Bitcoin will grow bigger because of the growing adoption but there are times where the price will fall down only to follow the cycle and that is also to give people a chance to re-buy right after they sell on the bull period.

[$crypto$]

Those who are holding bitcoins for a long time, saying that they invest and hold bitcoins for the sake of technology are the ones who are trying to lie. I'm pretty sure the majority of people hold bitcoins for the money and not for the second reason. If bitcoin were not profitable but only used as a payment method, I'm sure bitcoin wouldn't be as popular as it is today.

Indeed. The main reason why people hold Bitcoin should be its profits. If Bitcoin isn't a profitable asset, surely people won't hold it because people have no advantage for its future. Specifically, people are trying to hold Bitcoin for the long term, it is because Bitcoin potentially multiplies its price significantly in the future. So, people seem to not hold Bitcoin for the long term if Bitcoin is only used as a digital currency without the potential profits.

Because looking at the history of how bitcoin has increased dramatically, imagine bitcoin from starting at $1 to reaching $69k as ATH before, how can people not be tempted by this, their thinking of holding bitcoin is clear they want even bigger profits in the future, let alone waiting after their halving, of course always calling it will reach new ATH again.
Not only in technology or usability but in terms of return many people are going there, my own example is how to hold bitcoin long term so it's clear that it is for the next bull run.

[CryptoBuds]

Those who are holding bitcoins for a long time, saying that they invest and hold bitcoins for the sake of technology are the ones who are trying to lie. I'm pretty sure the majority of people hold bitcoins for the money and not for the second reason. If bitcoin were not profitable but only used as a payment method, I'm sure bitcoin wouldn't be as popular as it is today.

Indeed. The main reason why people hold Bitcoin should be its profits. If Bitcoin isn't a profitable asset, surely people won't hold it because people have no advantage for its future. Specifically, people are trying to hold Bitcoin for the long term, it is because Bitcoin potentially multiplies its price significantly in the future. So, people seem to not hold Bitcoin for the long term if Bitcoin is only used as a digital currency without the potential profits.

Because looking at the history of how bitcoin has increased dramatically, imagine bitcoin from starting at $1 to reaching $69k as ATH before, how can people not be tempted by this, their thinking of holding bitcoin is clear they want even bigger profits in the future, let alone waiting after their halving, of course always calling it will reach new ATH again.
Not only in technology or usability but in terms of return many people are going there, my own example is how to hold bitcoin long term so it's clear that it is for the next bull run.

That's right, I remember being first introduced to bitcoin and being fascinated by its volatility, I had little interest in the technology or other utilities. Now that I know more about bitcoin, I like its decentralization, but still I don't want to lie that profit is still what I care about most.
I think if my friend just introduced bitcoin and just talked about the technology and its features without mentioning the volatility and profit it brings, I definitely wouldn't be in the market at that time.