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Author Topic: It is ok to sell your Bitcoin.  (Read 3453 times)
Cantsay
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February 16, 2023, 07:24:21 AM
 #281

It's ok for one to sell some of their bitcoin.

It's weird if they sell all of it tbh.

Hodlnaughty ya know?

I don't see anything weird in someone selling his/her assets. If they decide to sell part of it or sell everything it's their decision to make and only them know the reason why they choose to sell it off their holdings. The only things that will be weird is if they're selling because of some meaningless reason.

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February 16, 2023, 09:59:27 PM
 #282

Selling is bad, because when you sell BTC, you have less BTC and your ability to fuck the state diminishes.
It makes you more of a slave, it makes you weak and powerless.
Selling is good as long as you gain profits. It is wrong to say 'bad' for selling, everyone must sell their Bitcoin. I am sure that no investor wants to hold their Bitcoin forever, there should be a time to sell. Selling doesn't mean to make you weak, it even makes your funds stronger if you can sell at the right time. Getting profits will increase your funds, you can buy a bigger number of BTC. However, you must know well crypto market trend and you must have the ability to analyze when the right time to rebuy Bitcoin.

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February 16, 2023, 10:49:26 PM
 #283

Selling is bad, because when you sell BTC, you have less BTC and your ability to fuck the state diminishes.
It makes you more of a slave, it makes you weak and powerless.
Selling is good as long as you gain profits. It is wrong to say 'bad' for selling, everyone must sell their Bitcoin. I am sure that no investor wants to hold their Bitcoin forever, there should be a time to sell. Selling doesn't mean to make you weak, it even makes your funds stronger if you can sell at the right time. Getting profits will increase your funds, you can buy a bigger number of BTC. However, you must know well crypto market trend and you must have the ability to analyze when the right time to rebuy Bitcoin.


We buy something because we are aiming on selling it on profits and theres nothing bad with that.It is really just that will be basing on someones target and goals because not all would really be holding like forever and there are ones who would really be doing some short.Its not bad to sell if you are in need of money even if isnt the right time but as long as possible you should be finding ways on avoiding on spending those coins when you do still have other methods or ways for you to make use of specially with some fiat problems. If you dont have really no choice then you would really be on that last resort
of things which i dont see for it to be bad after all.

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February 17, 2023, 02:53:53 AM
 #284

It's ok for one to sell some of their bitcoin.

It's weird if they sell all of it tbh.

Hodlnaughty ya know?

I don't see anything weird in someone selling his/her assets. If they decide to sell part of it or sell everything it's their decision to make and only them know the reason why they choose to sell it off their holdings. The only things that will be weird is if they're selling because of some meaningless reason.
Yes that's right, we can't influence or even interfere with someone right to do what he likes, they want to sell, hold or buy of course it's up to them unless they sell someone else asset of course that's not a good deed😁, currently the market conditions are changing starting to improve certainly makes it possible for someone to hold  and gives hope for them to get a bigger profit than when they buy at a low price, while some of those who hold because they buy at a high price and currently give hope that they might be able to cut losses.
but of the core, everyone has their own method of trading or investing in crypto.

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February 17, 2023, 12:19:36 PM
 #285

We buy something because we are aiming on selling it on profits and theres nothing bad with that.It is really just that will be basing on someones target and goals because not all would really be holding like forever and there are ones who would really be doing some short.Its not bad to sell if you are in need of money even if isnt the right time but as long as possible you should be finding ways on avoiding on spending those coins when you do still have other methods or ways for you to make use of specially with some fiat problems. If you dont have really no choice then you would really be on that last resort
of things which i dont see for it to be bad after all.
Everyone can set certain goals for themselves when they are ready to sell, but this raises another question, after we sell bitcoins, how then to protect funds from inflation?

Do you understand what is the point? Now I buy bitcoin and I consider it a good defensive asset against inflation, but when the price reaches 100k or 200k and I sell bitcoin, the problem will be relevant again, my money will be subject to inflation and I will again have to think about how to protect it from it.

I say this to the fact that perhaps there is no point in selling bitcoins, perhaps this will be one of the most reliable ways to store our funds for a long time. And by then, perhaps adoption will have become more widespread and we will be able to buy goods with bitcoins without any problems.

R


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February 18, 2023, 07:03:48 AM
 #286

~snip~
Everyone can set certain goals for themselves when they are ready to sell, but this raises another question, after we sell bitcoins, how then to protect funds from inflation?

Do you understand what is the point? Now I buy bitcoin and I consider it a good defensive asset against inflation, but when the price reaches 100k or 200k and I sell bitcoin, the problem will be relevant again, my money will be subject to inflation and I will again have to think about how to protect it from it.

I say this to the fact that perhaps there is no point in selling bitcoins, perhaps this will be one of the most reliable ways to store our funds for a long time. And by then, perhaps adoption will have become more widespread and we will be able to buy goods with bitcoins without any problems.

Yeah, I agree.

I tend to think of it as "buying fiat with Bitcoin" instead of selling Bitcoin to emphasize what you're actually doing. If you think like that, then it makes little sense, because you're trading a great asset for an inferior one.

Of course in some cases you need to use fiat for an intermediary step to actually buy an asset, but to simply keep fiat?, makes little or no sense to me.

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February 18, 2023, 07:14:29 PM
 #287

~snip~
Everyone can set certain goals for themselves when they are ready to sell, but this raises another question, after we sell bitcoins, how then to protect funds from inflation?

Do you understand what is the point? Now I buy bitcoin and I consider it a good defensive asset against inflation, but when the price reaches 100k or 200k and I sell bitcoin, the problem will be relevant again, my money will be subject to inflation and I will again have to think about how to protect it from it.

I say this to the fact that perhaps there is no point in selling bitcoins, perhaps this will be one of the most reliable ways to store our funds for a long time. And by then, perhaps adoption will have become more widespread and we will be able to buy goods with bitcoins without any problems.

Yeah, I agree.

I tend to think of it as "buying fiat with Bitcoin" instead of selling Bitcoin to emphasize what you're actually doing. If you think like that, then it makes little sense, because you're trading a great asset for an inferior one.

Of course in some cases you need to use fiat for an intermediary step to actually buy an asset, but to simply keep fiat?, makes little or no sense to me.
I agree that saving money in the long term is stupid because it will be eroded by inflation because basically fiat is not an investment asset.

But in other respects this is a value defense mechanism and adds value or even reduces value to the value we have, if I analogize it maybe fiat-bitcoin-fiat bitcoin and so on which aims to buy when the price of bitcoin is low and sell when it already has a good profit it is estimated enough.
But when thinking that we can buy things with bitcoin in the future, I think it's too far and we don't know when it will happen, so when our bitcoin goes up, I don't think it's wrong to sell it and buy more bitcoin when the market is bearish, I think it's more appropriate.

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February 18, 2023, 08:09:48 PM
Merited by fillippone (2)
 #288

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.
Selling is not a bad idea if you are selling at a premium to make some profits, isn't this the whole reason of holding as well Roll Eyes Wait for the cow to be fattened then sell it when its ready Huh

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.
This is bitcoin 101 and I believe this is a hodlers rule book demands, but looking at this from a traders perspective I think the markets will generally speak to us, for example, if say expectational order flow suggests price will continue on a bullish trajectory then, by all means, find good discounted prices to buy from before the bull is exhausted....

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.
Agree with you, lets not try to showoff when the agenda is to withdraw, not doing so means holding on to our losses for a very long time...

Let taking out profits become a habit and not some punishment.

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 think it should be stated that we have two kinds of hodling, the buy your coins now then comeback after a few years to check on your assets and the other kind which is treated like a trading pair which is also the more risky one has your position can be liquidated .

Of the two types when bitcoin started off people bought held made profits and others copied, today its more about what the markets are currenntly doing.

R


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February 19, 2023, 03:28:41 AM
Last edit: February 19, 2023, 03:40:59 AM by Obari
 #289

It's ok for one to sell some of their bitcoin.

It's weird if they sell all of it tbh.

Hodlnaughty ya know?

It's not weird if one tried to sell all of his hodlings that's if the need be not just selling for fun sake.
You're a newbie and you really have to try as much as possible to improve your post quality as that is the only thing that guarantees your promotions and it will be best that you focus more on reading and learning rather than being in a haste to respond to topics.



I think it should be stated that we have two kinds of hodling, the buy your coins now then comeback after a few years to check on your assets and the other kind which is treated like a trading pair which is also the more risky one has your position can be liquidated .

Of the two types when bitcoin started off people bought held made profits and others copied, today its more about what the markets are currenntly doing.

People really make selling your hodlings seem like a punishment and there were times I felt bad whenever I had to sell my coin even when I'm in some form of profit and this was because I felt I wasn't doing the right thing not until I held my ground and realized it was my possessions and the decisions to sell or hodl are mine and not someone else's to make.
It really should be stated  out  the type of hodlings and I think first one you mentioned which is buying some coin and coming back after some few years is the best but can mostly be achieved with greater possessions so as not to get liquidated no matter how bad the market might go against the hodler.

R


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nullama
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February 20, 2023, 12:05:45 AM
 #290

~snip~
People really make selling your hodlings seem like a punishment and there were times I felt bad whenever I had to sell my coin even when I'm in some form of profit and this was because I felt I wasn't doing the right thing not until I held my ground and realized it was my possessions and the decisions to sell or hodl are mine and not someone else's to make.
It really should be stated  out  the type of hodlings and I think first one you mentioned which is buying some coin and coming back after some few years is the best but can mostly be achieved with greater possessions so as not to get liquidated no matter how bad the market might go against the hodler.

Yeah, absolutely.

The thing is that Bitcoin is just money. Of course it's great to have a mentality of saving more than what you spend, that's part of what makes Bitcoin great.

But the thing is that if you need to buy something, then of course you should be able to sell Bitcoin for that. That's the whole point of money, to acquire goods and services.

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February 20, 2023, 03:51:03 AM
 #291

...
People really make selling your hodlings seem like a punishment and there were times I felt bad whenever I had to sell my coin even when I'm in some form of profit and this was because I felt I wasn't doing the right thing not until I held my ground and realized it was my possessions and the decisions to sell or hodl are mine and not someone else's to make.
It really should be stated  out  the type of hodlings and I think first one you mentioned which is buying some coin and coming back after some few years is the best but can mostly be achieved with greater possessions so as not to get liquidated no matter how bad the market might go against the hodler.

Bitcoin is a deflationary asset so we expect that it will cost more in the future so FOMO will say that we could earn more or buy more, and it will be all the time! So it is good to understand that it is just possessions and you can use it when you like. In the places with a clear division of the seasons we know that some agricultural products will cost more in the winter than in the autumn, but we eat them when we want and not wait until they cost the most to feel we use it the most profitable. The same should be with bitcoins IMO, to use them when you want and not when it is ATH.

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February 20, 2023, 10:52:45 PM
 #292

~snip~
People really make selling your hodlings seem like a punishment and there were times I felt bad whenever I had to sell my coin even when I'm in some form of profit and this was because I felt I wasn't doing the right thing not until I held my ground and realized it was my possessions and the decisions to sell or hodl are mine and not someone else's to make.
It really should be stated  out  the type of hodlings and I think first one you mentioned which is buying some coin and coming back after some few years is the best but can mostly be achieved with greater possessions so as not to get liquidated no matter how bad the market might go against the hodler.

Yeah, absolutely.

The thing is that Bitcoin is just money. Of course it's great to have a mentality of saving more than what you spend, that's part of what makes Bitcoin great.

But the thing is that if you need to buy something, then of course you should be able to sell Bitcoin for that. That's the whole point of money, to acquire goods and services.
Whats the point on why we are trying out to earn money? For us to have something to spend,right? Therefore, it isnt really that bad to spend your Bitcoin if you are really that in need or having no other fiat option.

It is really just that there are people who are really that dead serious on holding coins no matter what.Its not bad to have that fixed mindset or goal towards your holdings.

It is really just not that all have the extra fiat money to solve out their financial issues or something that do talks on wanting to buy something.This is why it would really be
that situational if we do speak about other peoples conditions and preference on buying up on things.

R


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nullama
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February 21, 2023, 12:34:22 AM
 #293

~snip~
Whats the point on why we are trying out to earn money? For us to have something to spend,right? Therefore, it isnt really that bad to spend your Bitcoin if you are really that in need or having no other fiat option.

It is really just that there are people who are really that dead serious on holding coins no matter what.Its not bad to have that fixed mindset or goal towards your holdings.

It is really just not that all have the extra fiat money to solve out their financial issues or something that do talks on wanting to buy something.This is why it would really be
that situational if we do speak about other peoples conditions and preference on buying up on things.

Absolutely.

"Hodling Bitcoin" is simply called saving in the real world.

People save money to spend later. With Bitcoin it's the same. The more and longer you save, the more you can spend later on.

There's nothing wrong if you spend money, but of course if you spend more than what you earn, you'll end up poor. If you spend less than what you earn, you'll end up rich. Eventually. Same with Bitcoin.

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Broadanbig
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February 21, 2023, 08:46:17 PM
 #294

There is nothing wrong in it but there is everything wrong in selling everything. As a smart holder no matter how hard things are with you and you feel like selling your bitcoin is youast resort, it would not be advisable you sell all, you will have to sell a little just for the mean time and keep the rest as no one can tell the next direction of the market. I understand that most times this little investment one does stands a a rescue which has been very much helpful to them.  Most times falling back to your bitcoin savings or investment is as a result of poor planning. When you have a source of income already which stands as a strong backup for you, you would not in any way get close to your bitcoin savings as you have a rescue paln but it is not so and most times every source nsut have failed and one would have no option than to fall back to his or her bitcoin savings for backup.

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February 21, 2023, 08:47:33 PM
Last edit: February 21, 2023, 09:02:41 PM by Easteregg69
 #295

There is nothing wrong in it but there is everything wrong in selling everything. As a smart holder no matter how hard things are with you and you feel like selling your bitcoin is youast resort, it would not be advisable you sell all, you will have to sell a little just for the mean time and keep the rest as no one can tell the next direction of the market. I understand that most times this little investment one does stands a a rescue which has been very much helpful to them.  Most times falling back to your bitcoin savings or investment is as a result of poor planning. When you have a source of income already which stands as a strong backup for you, you would not in any way get close to your bitcoin savings as you have a rescue paln but it is not so and most times every source nsut have failed and one would have no option than to fall back to his or her bitcoin savings for backup.

It's not ok to sell you.


You need to disable all kind of monitoring till you get accepted.

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Contact with the natural world.

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Throw some "shit" and see what sticks.
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February 21, 2023, 08:55:01 PM
 #296

If I were immortal, I would never sell my bitcoins. 

However, how can I become immortal?  Maybe I should let the vampire girl bite my neck?  I watched movies about vampires - if a vampire bites you, then you yourself become an immortal vampire. 

However, since I am not immortal, I need shelter, food, clothing, and other things. 

Therefore, there may be situations when I am forced to sell my Bitcoins.  Although I believe that in the future they will cost more than they cost now.

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February 21, 2023, 09:04:16 PM
 #297

As long you are making profits or really in positive then profit is profit as always which is good.
Indeed. When we sell our Bitcoin for the profits that meet with the target, it is always good for selling.
I also have my own target for selling, it doesn't depend on a pump but it has a certain percentage of a raise from the buying price. Mostly, the time for selling is in the bullish season and the time for buying is during the bearish season.

Everyone can set certain goals for themselves when they are ready to sell, but this raises another question, after we sell bitcoins, how then to protect funds from inflation?
Commonly, people sell Bitcoin for stablecoins. You must know that stablecoins are relatively no significant change in value. So, no worries about inflation.
I assume you did the same way, right? CMIIW

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February 21, 2023, 11:05:09 PM
 #298

Selling bitcoin depends on your personal intuition. From all i have read here, i would say this; selling bitcoin is not wrong neither is there a tag attached to it but it would be nice one collects profit after purchase just as obari has said so as to be on the safe track instead of loosing out to the market volatility as against your initial plans. So therefore, it would be of good importance you take advantage of the market when in the upward trend by collecting profit. If you can too then you put back your profit by purchasing more depending on how deep the market goes
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February 21, 2023, 11:24:29 PM
 #299

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.
You've got some points there as buying when low to sell when high is definitely some principle to success in cryptos and most especially bitcoin but, its got some twists as well. Highs are always for a time and you really lose nothing by hodling even if the market should drop or go bearish. The twist in selling at a high which is predefined by you is that, it could always make another high from your pre-establsihed high and then, it would iche to have sold earlier. Also, the market might not go bearish for another year and having to wait for an entry to open at a low might not happen. Should you buy, you might as much be relinquishing all the profits you thought have gotten back to the same market.

Quote
~ 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?

~ People hodl because they are convinced to, because bitcoin can't liquidate to zero and they've seen what it has become in years.
~ This is mainly because of the unpredictable nature of the market.
~ I hodl because, its not more of an option for me, I use what I must and when I must plus, have got fiat to support from other streams.
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February 22, 2023, 08:21:05 AM
 #300

Selling bitcoin depends on your personal intuition. From all i have read here, i would say this; selling bitcoin is not wrong neither is there a tag attached to it but it would be nice one collects profit after purchase just as obari has said so as to be on the safe track instead of loosing out to the market volatility as against your initial plans. So therefore, it would be of good importance you take advantage of the market when in the upward trend by collecting profit. If you can too then you put back your profit by purchasing more depending on how deep the market goes

Exactly, the owner of am asset should know when it's okay for them to sell that asset and I'm aware that some certain factors might force some persons to sell when they never wanted to sell. If you can continue to hold for the next twenty to thirty years to come without touching any of your Bitcoin that is to your advantage while if you know you can't stand the idea of hodling for that long then you can sell as you please no one is going to caution or mock you for selling quick.
I know that we have seen so many people who after selling off their holdings began regretting it because the price rose while others were happy because the price dropped.

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