What is the best opportunity to harvest your hodl results?

[user210822]

I see like a lot of mess is going on around. That is why my question stands. Should it be family reasons? Will you buy a new house/island? What is your answer to the question?

[aysg76]

There is no thing as perfect timing because it depends on individual perceptions like those who have hold it from the early days have millionaire status but that would be reality when they actually sell the coins so now question is whether they consider it as best time to harvest it or not like they can still hold it for more years.But on the opposite some might have invested previous year when prices were high say near about $40k+ so it's loss situation for them and can't say when will be good time for them to make profits.

But on the opposite side if seek reality we are taking bitcoin as investment purpose only forgetting that it has payment mode also to alternate fiat related transactions with control over your funds but majority is taking it this way so can't do much about it as well want profits to be associated with what we invest for.But are you serious about Island talk? Because someone with good bitcoin in custody can think about it but house is reasonable and there is one thread What can 1 Bitcoin buy in your country? so see how much beneficial it could be but accumulating full bitcoin is hard at this time.

Coming back to your question it really depends on our targets like what we want to buy or when we want to sell seeking good time and satisfactory profits on your end because the market will go up down always so you decide entry exit point based on your analysis.

[BIT-BENDER]

When you set out to make an investment you definitely have the target you aiming to reach, this is not questionable, personally I started with a target but along the line the target increased then finally I just choose to be a Bitcoin enthusiast and it's always worked for me.

And that's how it is with others you have your personal target and goal when investing so when ever you think you have reached those goals or you gave a reason to withdraw then it's fine. It's your decision to make.

[SatoPrincess]

I see like a lot of mess is going on around. That is why my question stands. Should it be family reasons? Will you buy a new house/island? What is your answer to the question?

I’m not a die-hard bitcoin hodler, for me Bitcoin hitting $200k will be a good time to sell a large part of my hodlings, that’s a long target which may not be realized in the next five years but that’s my goal. I have a stable source of income and other investments so I don’t need to touch my bitcoin savings in cases of emergency, I have other options and resources I can use to maintain a standard lifestyle.

[Faisal2202]

If you are asking it for yourself then it depends on the target you aim for. Because many just want to double their money in holding it and when they achieve the target they just harvest it. And definitely, most of the holders become greedy when they see the profit is keep rising and many end up with nothing. That's why it is necessary to make a mindset before holding off any asset.

You asked to harvest holding for buying a house, or land, or due to family reasons, which also depends on the emergency and good entry points. Like take an example, you are earning double on your holding and you know, this is not the current time to buy a house/land and there is no family reason but you also knew, that the market will never reach this point again in the next 3 to 4 years and you can not wait for that longer. So, the simplest thing you will do is harvest your profit.

There is another scenario too, in which you knew the house/land rates are decreasing and at the same point you are making the same profit then the answer will be, booking the profit to buy the land so that land could also make you profit because you have bought it at a lower price.

[Ojima-ojo]

For me bitcoin is for long-term holding and at that I don't have a specific time frame to follow and even if Bitcoin should touch 100k plus I won't liquidate my Bitcoin holding 100% and even if I have to do some cash out it won't be up 30% of my entire Bitcoin holding.


Because of fear of losing out,  because of the possibility of Bitcoin never getting below the sell position for me,  so this is a question of individual preference and not a generally accepted opinion.

[Sandra_hakeem]

I see like a lot of mess is going on around. That is why my question stands. Should it be family reasons? Will you buy a new house/island? What is your answer to the question?

What do you mean "best opportunity"??
Cryptocurrencies have thier diverse market strategies - now, onlike Bitcoin, it gives the bulls every point of self-developed encouragement to buy at the DIP, in anticipation of when and how the market would react to that huge investment. Now, when the market begins to rise, it's automatically bearish since all that's to be done is sell at ANY COMFORTABLE STAND.

I’m not a die-hard bitcoin hodler, for me Bitcoin hitting $200k will be a good time to sell a large part of my hodlings, that’s a long target which may not be realized in the next five years[...]

I don't think you understand the whole Bitcoin strategy.

Sandra 🧑‍🦰

[Ndabagi01]

I see like a lot of mess is going on around. That is why my question stands. Should it be family reasons? Will you buy a new house/island? What is your answer to the question?

There is no optimal timing for this, and it also depends on individual views and the factors that can cause it. A bitcoin hodler who has realized a 30% profit on his overall investment may feel inclined to exit, whereas one who has realized an 80% profit on his initial investment may not go because the aim he set for himself has not yet been met. The market is volatile, and you might choose to sell once you have made your profit. But you don't have to sell in a panic or fear in losing all of your money. Long-term holding of bitcoin has been shown to be beneficial, as long as you do not sell them all. 1BTC=1BTC.

[$crypto$]

Every individual is always different in their perception that there are those who hold for a long time before the price of bitcoin hits the highest, there are also when they have achieved profits above 50% they sell it to buy what they want, that has become their target for many bitcoin investments which has been held so far, because everyone always has a desire that he wants or buys things that have not been achieved.

I have also previously targeted that when the price reaches new ATH, I will sell some of the BTC ownership to be sold to the market and the profits will be used for something I want, such as houses, cars, property and that is free because of my own will.

[Eureka_07]

I see like a lot of mess is going on around. That is why my question stands. Should it be family reasons? Will you buy a new house/island? What is your answer to the question?

Could you please enlighten me? I'm struggling to see the connection between "what is the best opportunity" and "family reasons." If I understand correctly, you're referring to the reasons behind selling assets for profit. It's worth noting that this reason applies to most individuals and may encompass various situations, including health emergencies, unforeseen expenses, and the need to allocate funds for important purposes. Undoubtedly, family-related issues and necessities also play a significant role in the decision to sell "hodl" assets.

[Merit.s]

I see like a lot of mess is going on around. That is why my question stands. Should it be family reasons? Will you buy a new house/island? What is your answer to the question?

It boils down to ones determination on when to buy and for how long he will be holding. Personally, I see my bitcoin investment as part of my life that no matter how high bitcoin price gets to I will only sell from fraction and keep on holding the rest with a continuous DCA method for me to keep on accumulating. I don't have a target on my bitcoin investment portfolio,I just love bitcoin and wouldn't let it out of my life because it makes me feel secured financially.

[nakamura12]

I see like a lot of mess is going on around. That is why my question stands. Should it be family reasons? Will you buy a new house/island? What is your answer to the question?

I’m not a die-hard bitcoin hodler, for me Bitcoin hitting $200k will be a good time to sell a large part of my hodlings, that’s a long target which may not be realized in the next five years but that’s my goal. I have a stable source of income and other investments so I don’t need to touch my bitcoin savings in cases of emergency, I have other options and resources I can use to maintain a standard lifestyle.

This is what I would also say and what you said also means that a person should have other source of income to have a good lifestyle or standard lifestyle as you have said. OP also forgot that some countries would say that it is good to sell what they hold. In my country, if the Bitcoin hitting $200k would make me earn lots og money since each dollar is more than 1 fiat money. If I have 1 BTC then it would mean I am a millionaire when selling Bitcoin. I would say that it depends on the person doing hodl.

[imamusma]

I see like a lot of mess is going on around. That is why my question stands. Should it be family reasons? Will you buy a new house/island? What is your answer to the question?

I have a lot of plans in mind, but they may not be as perfect as I'd like them to be. Buy and hold is a thriving investment strategy so far in bitcoin or crypto, clearly this has been adopted even if they are whales in crypto. I adopted that strategy to build my investment portfolio over the years, but I'll probably stop buying it when the price hits a new ATH. I should enjoy the advantages in that area and will probably sell all or part of the ownership.

If I can be honest, I've even tended to invest in bitcoin in the last 1 year instead of gold. Meanwhile I also have some savings so that I am not affected by price volatility. Before my target is reached, then I shouldn't sell it.

[SatoPrincess]

I don't think you understand the whole Bitcoin strategy.

Sandra 🧑‍🦰

What’s the “whole bitcoin strategy”? I’d love to hear it, hopefully it’s something original and not just another hodling bitcoin till I die sermon.

I see like a lot of mess is going on around. That is why my question stands. Should it be family reasons? Will you buy a new house/island? What is your answer to the question?

~snip~

This is what I would also say and what you said also means that a person should have other source of income to have a good lifestyle or standard lifestyle as you have said. OP also forgot that some countries would say that it is good to sell what they hold. In my country, if the Bitcoin hitting $200k would make me earn lots og money since each dollar is more than 1 fiat money. If I have 1 BTC then it would mean I am a millionaire when selling Bitcoin. I would say that it depends on the person doing hodl.

That’s very true for me. I won’t pass out on the chance of selling at that all time high. It’s a target I know bitcoin will reach someday, that’s why I’m busy buying bitcoins now so I can have a significant amount in the future.

[Onyeeze]

I see like a lot of mess is going on around. That is why my question stands. Should it be family reasons? Will you buy a new house/island? What is your answer to the question?

This question I don't really understand the question because when looking at the question it seems that you it question is not complete, when you talk of island in my environment you are referring to a particular place that is surrounded by water and that's what I island is all about which their is no properties that is cited in that environment why housing is a property that is already being made for a good living, and I believe that since its already made that is why people prefer buying house instead of island, if really its what island mean in your environment or I island mean any other meaningful thing

[_BlackStar]

What’s the “whole bitcoin strategy”? I’d love to hear it,

If you study how the market works and its volatility - you may be able to have more bitcoins even without an extra budget. Try to take a simple approach - I mean that you can sell bitcoin when the price goes up high because they are pumped at one time, and you can buy again when the price corrects, especially when the market is over bought.

I'm not really sure whether you've tried this approach or not - but can you imagine what it could be?

[hatshepsut93]

If you have been hodling for a lot of time and is currently sitting on a huge unrealized gain, then you really need to think about taking profits. If you only invested recently and have "only" 50-100% unrealized gain, then you might want to wait for a bigger bull run.

If most of your net worth is in Bitcoin, then you should strongly consider moving some of your wealth away from Bitcoin into more stable and predictable assets. But if Bitcoin is only a small portion of your wealth, you can hold it indefinitely.

[boyptc]

I see like a lot of mess is going on around. That is why my question stands. Should it be family reasons? Will you buy a new house/island? What is your answer to the question?

Anytime where is profit already for the long time holders. At this moment, I am sure that many HODLERS here can afford to sell and buy back again if it's necessary.

Well for my reasons of why I would sell is likely that I'll go into another venture to create another investment or business that shall increase the value of what I've sold in Bitcoin.

I'm not yet on the part that I'll take fancy vacations or owning a home because I am not yet done and settled from my holdings. Although I've got in my plans and who knows in the future if I'll have more homes that I can run as a rental business.

[libert19]

Diversify; where? Crypto, land/real estate, stocks and in metals and some liquid in fiat to take advantage of opportunities that come unexpectedly.

[pooya87]

It comes down to why you bought bitcoin in first place. Was it to make quick profit on your centralized inflationary fiat? Or was it to reach financial sovereignty by owning a tiny portion of a limited supply bitcoin which is the only existing decentralized money?

If it is the first case, I'd say HODL is not even suitable for you. Instead you should start trading to make quick profit from ups and downs of the market, of course after understanding the risks involved with trading specially during volatile times where market is less predictable.
If it is the second case, then asking about "when to sell" makes no sense because you don't "sell money" you use it.