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Author Topic: Should I still hold the investment or sell it?  (Read 1005 times)
Lidger (OP)
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November 25, 2023, 01:08:21 PM
Merited by Essential10 (2)
 #1


First of all I'm a small bitcoin investor, and I'm not too old to invest so this is the beginning of my investment.

I have known about Bitcoin since long time ago and I have been interested in Bitcoin ever since. Slowly trying to learn about Bitcoin and interest in learning about Bitcoin introduced me to investing. At the beginning of investing in Bitcoin I felt different, I could not believe that investors invest in this crypto currency. While slowly trying to learn about investing and at some stage of trying I got a rough idea about investing and from then on I started to believe that investors really invest in this platform. It was okay for others to invest but I couldn't bring up the courage to invest myself because it seemed too risky to me. Although it seemed risky, since a curiosity was working in my mind, I took courage and decided to withdraw money from my savings account and decided to invest that money in Bitcoin.  
At the time I invested in Bitcoin I clearly remember when Bitcoin was worth around $25K. To be honest, I couldn't sleep well until a few days after investing, I always felt that maybe I had invested my hard-earned savings in the wrong place. Although it was bad for a few days, I was able to adjust myself with it later. After a few days of my investment, I felt that something good must be waiting for me, because since that time the price of Bitcoin has been steadily increasing and has reached its current level.  

When the price of Bitcoin reached $38K I thought I would sell my investment but I didn't sell my investment yet hoping for something better. Thinking whether to sell the investment or not I thought I should share the matter in the forum and I will get the best solution from the forum that's why I am sharing the matter in the forum whether I should hold on to my investment or sell it now.  
I don't need the money anyway, if I sell my investment now I have to deposit this money in the bank again.

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November 25, 2023, 01:18:51 PM
 #2

I am sharing the matter in the forum whether I should hold on to my investment or sell it now.

Well, you're doing it wrong Grin I mean, what answers you expect to get from a Bitcoin forum?  Grin
So, I will start with the fact that you should decide for yourself. You should not handle your finances by random advises over the internet.

This being said, my opinion is to wait. There's a good chance you've bought in a pretty good moment, you know that there are big expectations for the following year.
Bitcoin halving tends to come with a bull run (or FOMO bubble) and a better strategy would be to wait until bitcoin price doubles (at least).
At that point you can sell some to get back the fiat you've invested so you have the peace of mind you need and stop asking this kind of questions. This is important because, if you read back, Bitcoin history has its bull runs, its bear market periods and also its "crypto winter" months; then this peace of mind will be very important so you don't chicken out and sell, so you can enjoy the future bull runs too.

Of course, I may be wrong; that's why you should decide for yourself.

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November 25, 2023, 01:21:56 PM
 #3

From what you said, it shows that you don't have too much knowledge about bitcoin. So, first I recommend that you learn about the history and all the knowledge related to bitcoin, from there you will know whether you should continue to hold bitcoins or sell them.

My advice to you, bitcoin is a very good long-term investment. The longer you hold, the greater the reward you receive, but holding is not simple because of its volatility. That's why I ask you to improve your knowledge about bitcoin immediately instead of investing without knowledge like today.

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November 25, 2023, 01:23:20 PM
Last edit: November 25, 2023, 01:37:38 PM by franky1
Merited by vapourminer (1)
 #4

this topic should be in economics -> speculation

but anyways
now to really get you thinking
the choice is not just to hold or sell.. there is another choice.... sell part of it

personally i think you bought at the lower end third of the historic price range

so if you dont need the money. keep the whole coin.. however if you need some money you dont need to sell it all

lets say you only bought 0.004btc at $100 now $150
you could sell 0.00133 and take $50 to bring you back to still hoarding 0.00266 for $100 at todays price
which the $50 cash could be used to buy more then 0.00133 if the price drops again or the remaining 0.00266 gives more profits if the price rises further

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Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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November 25, 2023, 01:23:44 PM
Merited by vapourminer (1)
 #5

Thinking whether to sell the investment or not I thought I should share the matter in the forum and I will get the best solution from the forum that's why I am sharing the matter in the forum whether I should hold on to my investment or sell it now.  

Nobody has a working crystal ball here, your investment might get to 30% of what it is in 6 months or go to 200% in a week, Bitcoin is unpredictable so everyone who will tell you some number here is just basing that on hunches and wishes.

I don't need the money anyway, if I sell my investment now I have to deposit this money in the bank again.
~
To be honest, I couldn't sleep well until a few days after investing, I always felt that maybe I had invested my hard-earned savings in the wrong place.

Those two things contradicts themselves a bit, the rule for investment no matter what it is is to never invest more than you can afford to lose, seeing that you're losing sleep because of $150 in Bitcoin I would say neither investing nor trading is for you, sorry but this is the truth and I'm not going to sugarcoat it just for so I don't hurt somebody feelings.
This is not how long term investing works, you must be ready for price swings, you must take a 60-80% drop with ease and without sleepless nights, you must not need that money at any point in order to not be force to liquidate in a bad position, and so on.
If you don't need that money, just withdraw the coins to your old wallet and look at the price in a year or two from now on!


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November 25, 2023, 01:38:56 PM
 #6

Those two things contradicts themselves a bit, the rule for investment no matter what it is is to never invest more than you can afford to lose, seeing that you're losing sleep because of $150 in Bitcoin I would say neither investing nor trading is for you,

he might be a teenager or someone from a developing country where $150 is a few months salary

but if he doesnt need the money, then he shouldnt worry about it on a daily bases.. he should think of it as retirement, put aside for a long while and only price checked once a year not daily

the only rule everyone can agree on as advice... never sell at a loss. if the price goes down. leave it aside, dont think about it long term and wait for the next market cycle

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November 25, 2023, 01:41:07 PM
 #7



When the price of Bitcoin reached $38K I thought I would sell my investment but I didn't sell my investment yet hoping for something better. Thinking whether to sell the investment or not I thought I should share the matter in the forum and I will get the best solution from the forum that's why I am sharing the matter in the forum whether I should hold on to my investment or sell it now.  
I don't need the money anyway, if I sell my investment now I have to deposit this money in the bank again.
If I look at when you bought bitcoin for 25 thousand dollars, selling bitcoin now is not a bad thing. Because you will definitely make a profit. But if you sell the bitcoins you have and the money goes back to the bank, I think it's better to just keep the bitcoins you have for longer. Because if you save the money you get from investing in Bitcoin in the bank, it will definitely decrease over time. Therefore, it is better to hold on to your bitcoin assets for a little longer. Because if you look at the time, the bitcoin halving and bull run market will soon appear. So it is better to sell the bitcoin assets you own when the bull market occurs. Because the market price of bitcoin will definitely be more expensive.
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November 25, 2023, 01:44:28 PM
 #8




Bitcoin is for longterm investment and the final decided is in your hand so it's better to choose wisely If you want to sell it or not but like what you said that you don't need money for now is that much better if you keep in investing but like what I've said it's all your decisions so you must  be wise.  Long term investment is you can gain more frofit the more you hold in king term the more money you gain  but it is to risky cause we all know that Bitcoin is volatile so there's a chance that the price will drop.

R


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November 25, 2023, 02:10:17 PM
 #9

What you have to understand is that the money is yours and you made the investment and not anyone here to decides for you because when wave comes i don't think anyone would ever spare their hard earned money to give you. Then going back to what you said, I won't encourage you to sell now reason being that bull run is on the way and you don't need to waste your investment rather hold till next year maybe after bullrun you can decide to sell them you have made about 20x or more of your investment.
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November 25, 2023, 02:18:17 PM
 #10

My suggestion is to sell it because Bitcoin price might went to $0 because it's a bubble and we're waiting the bubble will burst. Bitcoin isn't a physical asset so the chance to lose it really high, it might be just a random number generated or manipulated with someone which you doesn't know behind Bitcoin. Let me know what's your decision because you're asking someone advice in this forum, right?

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November 25, 2023, 02:29:55 PM
 #11

Right now, a lot of BTC holders are waiting upon the duration after the expected halving to withdraw their asset. The price now makes it a very hot asset to buy and more investors will be hoping more persons sell their assets inorder for them to acquire it chesper and sell after the halving and during the bull seasons that follows.

Since you would still sell instead of to hold fiat currency in the bank,, the discipline you OP have to maintain this investment style can make you more money and a millionaire if the HODLing is maintained on a decentralized wallet for a during after 5years.

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SPIN

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November 25, 2023, 02:32:01 PM
 #12

Since you don't need the money now, you should hold on to this investment. Because the value of Bitcoin will increase. Bitcoin price will increase from 50k to 55k this year. What you have invested and earned so far, will be many times more profitable if you hold on to this investment. Because the value of Bitcoin will increase a lot now. Its value will skyrocket in 2024. If you stick to this investment, you will achieve the biggest success of your life.

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November 25, 2023, 02:39:07 PM
 #13

if I sell my investment now I have to deposit this money in the bank again.
Believe it or not, if you invest in the crypto market, especially Bitcoin, my understanding is that now is not the right time to determine whether to increase the value of your investment.

If you make a decision to invest within a certain period of time, you must consider the passage of time you determine, don't be provoked by negative issues you see on the internet, You have to commit yourself to making a decision regarding your Bitcoin investment, maybe if you are a little more patient, maybe you will see positive results for your Bitcoin investment, rather than having to sell it.

For me, now is not the right time to make decisions about your investment, you should be patient and see the situation of the crypto market as it enters 2024, it's just a suggestion, but you have the right to make decisions regarding your investment assets, sell or hold them, I can only suggest, the decision is on your best side.

R


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November 25, 2023, 02:44:24 PM
 #14

Since you would still sell instead of to hold fiat currency in the bank,, the discipline you OP have to maintain this investment style can make you more money and a millionaire if the HODLing is maintained on a decentralized wallet for a during after 5years.

He has 0.004 BTC, to become a millionaire on it you would need Bitcoin to reach $250 million and the whole marketcap to be around 5300 trillions, that's 10 times more than the entire private wealth in the worlds!

If you stick to this investment, you will achieve the biggest success of your life.

Really selling short what a guy can achieve these days, aren't we?
Making $200 from an investment becomes the biggest success of your life, damn!

~

he might be a teenager or someone from a developing country where $150 is a few months salary

Yeah my bad, should have checked, and I wouldn't have even wasted my time with this

The amount of money I want to invest in Bitcoin may not be much but this is the beginning of my investment. I have a lot of plans to invest in my first Bitcoin. I plan to hold my first investment for five years. I am a student and I have a part time job besides my studies from which I earn about 200 dollars every month that's why I dare to keep my investment for 5 years. During these five years I will not only hold my investment but every month I will try to add some amount to my total investment if I have a job for five years. That's why I will hold the investment in five year plan because after five years my graduation will be complete then I will try to do something good with my investment.

Two weeks ago he was planning on hodling for five years and adding more each month, now he can't sleep at night after one week.
Time and server diskspace waste!





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November 25, 2023, 02:48:45 PM
 #15

You feel hesitant to invest in BTC then it's better to sell if it already feels profitable after all it makes you restless and can't sleep right? If you don't believe and think bitcoin is risky then leave it because it will only be a pressure for you especially if it's hard-earned money.

No one forces you all of that is in your decision. I invested in BTC because I have confidence that this coin will go higher so I will continue to HODL for a few more years, even I do DCA by spending every week on bitcoin because it is still at a low point, that most forum users are a HODL surely they will support rather than keep money in fiat.

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November 25, 2023, 02:54:51 PM
 #16


When the price of Bitcoin reached $38K I thought I would sell my investment but I didn't sell my investment yet hoping for something better. Thinking whether to sell the investment or not I thought I should share the matter in the forum and I will get the best solution from the forum that's why I am sharing the matter in the forum whether I should hold on to my investment or sell it now.  
I don't need the money anyway, if I sell my investment now I have to deposit this money in the bank again.
The decision to sell or not sell it all up to you. However since you have asked for our opinion on this forum, the thing that you should do in my estimation is to take profit. If you are able to take profit and gotten back your initial capital investment you can put it in the bank while the remainder is left in your bitcoin wallet.Thisnisnyhe one you should hold. And if you care to increase your investment you can just DCA. We are expecting a bull run and having no Bitcoin investment is not advisable.

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November 25, 2023, 03:06:34 PM
 #17

If you want to see your investment triple, you need to hold onto it for about two years. If you trust my words, go ahead and do it... if not, feel free to ignore me. Here, I'm just a netizen giving advice based on my opinion, and there's no blame attached. So don't be surprised if you end up feeling more confused when expecting the best advice from random people on the internet. None of us have financial advisor certifications, and no one possesses boundless knowledge about the future.

Some of this might factor into your considerations, but I'm sure there's still no guarantee it aligns perfectly with your plans. Just do what you need to do; as long as you're making a profit, you're fortunate. And if you incur losses, consider it a valuable experience.
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November 25, 2023, 03:20:06 PM
 #18

Quote
Should I still hold the investment or sell it?

If you invest in bitcoin but are always worried and do not have enough faith in it , I think it would be better for you to sell it. You should not invest if you do not really understand anything about it , it is more like you are gambling than investing. Not only with bitcoin but with any investment, you need to have knowledge about it before deciding to invest.

This is your money and you are the one who has to make the decisions instead of consulting other. Because if we advise you to sell and bitcoin continues to rise in price, you will blame us. If we advise you to continue holding but then bitcoin drops in price , you'll blame us too . You are an adult , you should make your own decisions.

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November 25, 2023, 03:24:19 PM
 #19

You should decide for yourself since this is your money. It depends also if you will use this amount already or this is just an investment dedicated money. Bitcoin is very good to hold long term if you don’t have any urgent use for that money because halving is near while adaption is already coming again due to the ETF approval.

Only sell if you are happy already to your profit or if you will use the money already on important matters. Taking profit is always a good thing to do.

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November 25, 2023, 05:00:04 PM
 #20

I don't differentiate between small investor and big investor, he will invest as much as he can afford. It is always important to do your own research and make your own decisions when it comes to investing, as everyone's financial situation and risk tolerance are different. But I would recommend holding Bitcoin as it has shown long term growth potential. Keep an eye on the market and consider taking profits when the time is right for you. Ultimately, the decision is yours, markets can be volatile and making informed decisions based on reliable information is the key to successful investing.

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November 25, 2023, 05:10:42 PM
 #21

There is no need of selling whatever investments you have now especially for cryptocurrency ones. In few months coming, the Crypto market would in in the bull trend and people who are lover and investors of cryptocurrency would be at higher level of making profits from the market. The Crypto market is huge especially for those of us that have both Bitcoin and altcoins investments. We should be planning ahead of what the market is going to display and we should not be too greedy or else we might loses big.









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November 25, 2023, 05:14:57 PM
 #22


When the price of Bitcoin reached $38K I thought I would sell my investment but I didn't sell my investment yet hoping for something better. Thinking whether to sell the investment or not I thought I should share the matter in the forum and I will get the best solution from the forum that's why I am sharing the matter in the forum whether I should hold on to my investment or sell it now.  
I don't need the money anyway, if I sell my investment now I have to deposit this money in the bank again.
You should decide for yourself whether to sell your Bitcoin investment. Others can give advice, but they cannot make decisions for you.

However, I understand that you are looking for the opinions of others to help you make a decision. So here is my opinion:

I think you should wait. You bought Bitcoin at a favorable price and have great expectations for the next year. Bitcoin halvings tend to be accompanied by a bull run, so it's possible that Bitcoin's price will double in the coming year.

If the price of Bitcoin doubles, you can sell some to get back the fiat money you invested. This will help you feel more secure about your investment and you won't have to ask these types of questions anymore.

Of course, this is just my opinion.

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November 25, 2023, 05:20:36 PM
 #23


First of all I'm a small bitcoin investor, and I'm not too old to invest so this is the beginning of my investment.

I have known about Bitcoin since long time ago and I have been interested in Bitcoin ever since. Slowly trying to learn about Bitcoin and interest in learning about Bitcoin introduced me to investing. At the beginning of investing in Bitcoin I felt different, I could not believe that investors invest in this crypto currency. While slowly trying to learn about investing and at some stage of trying I got a rough idea about investing and from then on I started to believe that investors really invest in this platform. It was okay for others to invest but I couldn't bring up the courage to invest myself because it seemed too risky to me. Although it seemed risky, since a curiosity was working in my mind, I took courage and decided to withdraw money from my savings account and decided to invest that money in Bitcoin.  
At the time I invested in Bitcoin I clearly remember when Bitcoin was worth around $25K. To be honest, I couldn't sleep well until a few days after investing, I always felt that maybe I had invested my hard-earned savings in the wrong place. Although it was bad for a few days, I was able to adjust myself with it later. After a few days of my investment, I felt that something good must be waiting for me, because since that time the price of Bitcoin has been steadily increasing and has reached its current level.  

When the price of Bitcoin reached $38K I thought I would sell my investment but I didn't sell my investment yet hoping for something better. Thinking whether to sell the investment or not I thought I should share the matter in the forum and I will get the best solution from the forum that's why I am sharing the matter in the forum whether I should hold on to my investment or sell it now.  
I don't need the money anyway, if I sell my investment now I have to deposit this money in the bank again.

Assuming this is a legit truth from you. You need to sell all of it and never invest in any crypto of any kind.

My reasoning is simple if $100 turning into $150 makes you this anxious you do not have the ability to invest in anything that is volatile.

Leave the market and don't look at it any more it is not for you.

BTW this goes for stocks or metals.  You simply are lacking the mindset to invest correctly.


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November 25, 2023, 05:59:33 PM
 #24

When the price of Bitcoin reached $38K I thought I would sell my investment but I didn't sell my investment yet hoping for something better. Thinking whether to sell the investment or not I thought I should share the matter in the forum and I will get the best solution from the forum that's why I am sharing the matter in the forum whether I should hold on to my investment or sell it now.  
I don't need the money anyway, if I sell my investment now I have to deposit this money in the bank again.
Every single investor has a target, so you need to have a plan for your investment. If you are comfortable with what you have earned so far, you can sell and make a little profit. But if you think you can bear the risk of keeping it's still a good choice because there are possibilities that the price of Bitcoin might appreciate. Keeping the money in a bank is not an option for me because of the high inflation in my country.

Assuming this is a legit truth from you. You need to sell all of it and never invest in any crypto of any kind.

My reasoning is simple if $100 turning into $150 makes you this anxious you do not have the ability to invest in anything that is volatile.

Leave the market and don't look at it any more it is not for you.

BTW this goes for stocks or metals.  You simply are lacking the mindset to invest correctly.


I think the reason for his anxiety is because of the worth of that $100 to him. Some persons have to work for months to save such amount. The advice that one should invest what he can be able to bear in case of loss is important. Maybe he might be less apprehensive if he earns more and $100 become less valuable to him.

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November 25, 2023, 08:32:48 PM
 #25

When the price of Bitcoin reached $38K I thought I would sell my investment but I didn't sell my investment yet hoping for something better. Thinking whether to sell the investment or not I thought I should share the matter in the forum and I will get the best solution from the forum that's why I am sharing the matter in the forum whether I should hold on to my investment or sell it now.  
I don't need the money anyway, if I sell my investment now I have to deposit this money in the bank again.

If you are having such thought in your mind at this stage where you’ve barely has enough profit in comparison to what is forecasted to happen in the future, you are not someone that can handle emotions or handle the volatility of the market without having a sense of fear in mind about it.

If you will ask everyone in this forum who are bitcoin lovers, bitcoin investors or bitcoin traders, no one will give you the impression or urge to sell now because they know that what we are aiming at is far from what you’ve profited since you invested in the bitcoin.

You just have to change your mindset, trust bitcoin and have a long time investment that will be profitable for your investment when you decide to withdraw your money invested back. Profit is profit but when you are so sure that you can still earn more profit from an investment, you just have to be patient to achieve that for yourself.

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November 25, 2023, 08:54:30 PM
 #26

When the price of Bitcoin reached $38K I thought I would sell my investment but I didn't sell my investment yet hoping for something better. Thinking whether to sell the investment or not I thought I should share the matter in the forum and I will get the best solution from the forum that's why I am sharing the matter in the forum whether I should hold on to my investment or sell it now.  
I don't need the money anyway, if I sell my investment now I have to deposit this money in the bank again.

If you are having such thought in your mind at this stage where you’ve barely has enough profit in comparison to what is forecasted to happen in the future, you are not someone that can handle emotions or handle the volatility of the market without having a sense of fear in mind about it.

If you will ask everyone in this forum who are bitcoin lovers, bitcoin investors or bitcoin traders, no one will give you the impression or urge to sell now because they know that what we are aiming at is far from what you’ve profited since you invested in the bitcoin.

You just have to change your mindset, trust bitcoin and have a long time investment that will be profitable for your investment when you decide to withdraw your money invested back. Profit is profit but when you are so sure that you can still earn more profit from an investment, you just have to be patient to achieve that for yourself.

he had waited this far already, a little more waiting wouldn't be so bad especially because there is something to expect like having and ETF approval. right?

he said it himself too that he doesn't really need the money so it's good to just let the $150 be in the form of BTC. since it will have a chance of going up than just $150. it could also go in the opposite direction but a small drop to $130, wouldn't matter when you enjoy learning how BTC works.











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November 25, 2023, 09:00:00 PM
 #27

When the price of Bitcoin reached $38K I thought I would sell my investment but I didn't sell my investment yet hoping for something better. Thinking whether to sell the investment or not I thought I should share the matter in the forum and I will get the best solution from the forum that's why I am sharing the matter in the forum whether I should hold on to my investment or sell it now.  
I don't need the money anyway, if I sell my investment now I have to deposit this money in the bank again.
Every single investor has a target, so you need to have a plan for your investment. If you are comfortable with what you have earned so far, you can sell and make a little profit. But if you think you can bear the risk of keeping it's still a good choice because there are possibilities that the price of Bitcoin might appreciate. Keeping the money in a bank is not an option for me because of the high inflation in my country.

Assuming this is a legit truth from you. You need to sell all of it and never invest in any crypto of any kind.

My reasoning is simple if $100 turning into $150 makes you this anxious you do not have the ability to invest in anything that is volatile.

Leave the market and don't look at it any more it is not for you.

BTW this goes for stocks or metals.  You simply are lacking the mindset to invest correctly.


I think the reason for his anxiety is because of the worth of that $100 to him. Some persons have to work for months to save such amount. The advice that one should invest what he can be able to bear in case of loss is important. Maybe he might be less apprehensive if he earns more and $100 become less valuable to him.

this if true means he broke the single biggest rule there is.  He invested more than he can afford to lose.

Now if it is true. that he over spent and could not afford to lose 100.  He should sell 100 and leave the rest.  Because he would be losing 0 of what he began with.

The fact he has to ask these questions means he is on very shaky mental grounds as an investor.

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November 25, 2023, 09:12:22 PM
 #28

OP, selling your bitcoin now depends on the urgency of what you intend to do with the money. It's true that Bitcoin prices can't be very predictable, but we are heading towards the Bitcoin halving period, which will definitely give rise to a bull market, and by that time, I believe that the price of Bitcoin will be more than the $38k range, and if you are lucky enough to hold your coin till then, you will definitely make a big profit compared to the little you will make now if you sell. If you are not sure about patiently holding your bitcoin until the next bull run, you can sell, but you will not really make much of a profit now. In fact, now is the time to still accumulate more Bitcoin if you have the money to do so.

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November 25, 2023, 09:15:14 PM
 #29

When the price of Bitcoin reached $38K I thought I would sell my investment but I didn't sell my investment yet hoping for something better. Thinking whether to sell the investment or not I thought I should share the matter in the forum and I will get the best solution from the forum that's why I am sharing the matter in the forum whether I should hold on to my investment or sell it now.  
I don't need the money anyway, if I sell my investment now I have to deposit this money in the bank again.
Don't sell now - be patient and keep this investment safe and stay out of the market. As a long-term holder - I'm not forcing you to keep holding Bitcoin so you don't sell it if you need the money, but because you don't need the money so hold on and just enjoy the growth.

If you need to sell them - then don't sell all the bitcoin, but sell as much as you need. There is great potential waiting for the holder in the next 1 to 2 years, so strengthen your grip and avoid market volatility.

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November 25, 2023, 09:19:40 PM
 #30

When the price of Bitcoin reached $38K I thought I would sell my investment but I didn't sell my investment yet hoping for something better. Thinking whether to sell the investment or not I thought I should share the matter in the forum and I will get the best solution from the forum that's why I am sharing the matter in the forum whether I should hold on to my investment or sell it now.  
I don't need the money anyway, if I sell my investment now I have to deposit this money in the bank again.
In this case I think you have to decide for yourself here because if you ask other people and that includes me, the answer is probably that you will be told to keep the investment you made and if necessary you should increase the investment made and wait until the profit is bigger.
But in the end you also have to determine whether you will continue to be in bitcoin or not because in the end if you feel that when you buy at $25k and the profit you get is enough now why do you try to continue to hold if indeed with that profit you are very satisfied.
But if you are not satisfied with that then increase your investment again and wait a few years until your goal in the percentage of profit is maximised.

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November 25, 2023, 09:29:05 PM
 #31

I don't need the money anyway, if I sell my investment now I have to deposit this money in the bank again.
If you don't need the money, why are you going to sell it? If you let your money idle at the bank in fiat currency, it's going to lose value within time for the inflation. It doesn't seem a good idea. It would be interesting if you were going to cashout this money to invest in something solid outside crypto universe. But since that is not the case, I guess the best alternative is to keep investing in BTC, so you can make it grow more yet, as Bitcoin price increases futurely.

Meanwhile, starts thinking what you want to do with the profit you are going to make. Trace your goals, so once a good selling opportunity appears, you already have a destination for your money that will be even more rewardable.

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November 25, 2023, 09:36:53 PM
 #32

Losing sleep over your investment is not a good sign that you’re confident about your decision. It also tells me that you can’t afford to lose the amount invested. I think a big part of your insecurities about Bitcoin comes from limited knowledge of how Bitcoin works and its potentials. I suggest you do more research and understand the Bitcoin ecosystem before making any more financial commitments in this space.

To answer your question, since you do not have immediate plans for the money I think it’s best you hodl.

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November 25, 2023, 09:39:26 PM
 #33

The topic has spoken for himself and if you like to sell at this time of the starting point of the bull market you are free sell them because everyone in this industry have different needs and different goals and aims so there was no need for you to create this thread. Because in bitcoin investment, everyone buy it at the lower (bear) market and hodle it till the bull market so if this is a bull market for your investment then   you are free to sell and if even it is not your bull market and you have needs to meet up, you can still sell am.

You dont have to invest in bitcoin for short term investment but long time investment. If you are really investing in bitcoin and not a verbal or mere saying then the $38k is not the best time to sell and as you said, better rate is coming soon.









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November 25, 2023, 09:57:35 PM
 #34


First of all I'm a small bitcoin investor, and I'm not too old to invest so this is the beginning of my investment.

I have known about Bitcoin since long time ago and I have been interested in Bitcoin ever since. Slowly trying to learn about Bitcoin and interest in learning about Bitcoin introduced me to investing. At the beginning of investing in Bitcoin I felt different, I could not believe that investors invest in this crypto currency. While slowly trying to learn about investing and at some stage of trying I got a rough idea about investing and from then on I started to believe that investors really invest in this platform. It was okay for others to invest but I couldn't bring up the courage to invest myself because it seemed too risky to me. Although it seemed risky, since a curiosity was working in my mind, I took courage and decided to withdraw money from my savings account and decided to invest that money in Bitcoin.  
At the time I invested in Bitcoin I clearly remember when Bitcoin was worth around $25K. To be honest, I couldn't sleep well until a few days after investing, I always felt that maybe I had invested my hard-earned savings in the wrong place. Although it was bad for a few days, I was able to adjust myself with it later. After a few days of my investment, I felt that something good must be waiting for me, because since that time the price of Bitcoin has been steadily increasing and has reached its current level.  

When the price of Bitcoin reached $38K I thought I would sell my investment but I didn't sell my investment yet hoping for something better. Thinking whether to sell the investment or not I thought I should share the matter in the forum and I will get the best solution from the forum that's why I am sharing the matter in the forum whether I should hold on to my investment or sell it now.  
I don't need the money anyway, if I sell my investment now I have to deposit this money in the bank again.

First of all, it's your choice; it's your decision that will be followed honestly. If I look at the timing of your purchase, it's also a good choice, so you have an income that you can say you know.

But anyway, the only thing wrong with what you did was that you did something that you knew within yourself that you still had doubts about, yet you continued. But, despite the fact that you feel that way, you somehow made a profit, and thank God for that. Here's my advice to you: just start now, and if you see it grow, why don't you continue holding it until next year until the Halving comes? Then sell it first. Who knows, the amount you showed could be x5 or that's more.

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November 25, 2023, 10:08:08 PM
 #35

First of all, it's your choice; it's your decision that will be followed honestly. If I look at the timing of your purchase, it's also a good choice, so you have an income that you can say you know.

But anyway, the only thing wrong with what you did was that you did something that you knew within yourself that you still had doubts about, yet you continued. But, despite the fact that you feel that way, you somehow made a profit, and thank God for that. Here's my advice to you: just start now, and if you see it grow, why don't you continue holding it until next year until the Halving comes? Then sell it first. Who knows, the amount you showed could be x5 or that's more.

at the end of the day, it is him that will decide what to do with his money. he can read all the suggestions and opinions by others but he needs to assess why he is into this volatile market and his financial capabilities to hold such asset.
no one should dictate the OP's decision as he alone knows his financial status towards this kind of investment. as no one can predict what will happen next, everyone is just speculating on what will happen to this market. and so the decision should come from the investor himself because it is his money at stake. if you failed, no one will return your losses. so just think about it.

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November 25, 2023, 10:41:38 PM
 #36

Surely knowing little about bitcoin won't help you much in terms of researching it yourself and accepting the results of your actions. With what the OP shared, I just want to wonder if you understand investing and gambling? As I see it you may have bought at a good price at the time, but skepticism is only replaced when your BTC makes you a lot of fiats. In fact, it's like gambling. When you don't understand, try to explain. I don't have advice on holding or selling, but I think you should take the time to research the market, including the coins future directions and events that may influence them.
Good luck with your crypto journey!









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November 25, 2023, 11:16:41 PM
 #37

while that it's good that you went and invested in Bitcoin especially during relatively earlier times it seems like you did without planning too well about it

what is your purpose for investing? do you need the money right away for something or you can live as your money grows steadily?

you weren't too confident about your investment and there's no point in dwelling but that was your first mistake

you're the one who can decide for yourself what i can tell you is the price of Bitcoin will continue to go up from here especially with the coming of halving so do whatever you want with that information

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November 25, 2023, 11:28:25 PM
 #38

With $150 worth of coins it doesn't really matter what you do. It's very optimistic to expect that in the next few years Bitcoin will be worth 10 times more. Would $1,500 change your life? Even of you are from a very poor country, there's no way such sum can be life-changing and allow you to buy a house. Even 100 times and having $15,000 is really not that much in the modern world.

Sp focus on earning money first and then start worrying about investments.
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November 25, 2023, 11:34:58 PM
 #39

With $150 worth of coins it doesn't really matter what you do. It's very optimistic to expect that in the next few years Bitcoin will be worth 10 times more. Would $1,500 change your life? Even of you are from a very poor country, there's no way such sum can be life-changing and allow you to buy a house. Even 100 times and having $15,000 is really not that much in the modern world.

Sp focus on earning money first and then start worrying about investments.
Thats a big expectation. If this was few years back, maybe there could've been life changing moment with the $150 worth bitcoin. Now things were different and the market have widened. It isn't easy to make big money out of small investment. Maybe this kind of money could turn big on altcoins. Those are completely a gamble. Anyhow considering the upcoming year it is good to hold.

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November 25, 2023, 11:41:02 PM
 #40

There is no need of selling whatever investments you have now especially for cryptocurrency ones. In few months coming, the Crypto market would in in the bull trend and people who are lover and investors of cryptocurrency would be at higher level of making profits from the market. The Crypto market is huge especially for those of us that have both Bitcoin and altcoins investments. We should be planning ahead of what the market is going to display and we should not be too greedy or else we might loses big.
Planning ahead is what people fail to do because they feel the market has presented an opportunity for them to actually sell off their coins before the big pump even come by so am not surprised that the market is going to be filled alot that are actually pulling off their coins instead of waiting to see if the real bull market is actually here as I believe the market is still growing and pulling out your coins.
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November 25, 2023, 11:41:40 PM
 #41

I don't need the money anyway, if I sell my investment now I have to deposit this money in the bank again.
If you’re saying that selling will take the money back to the back then what’s the essence? The bank you speak of, how much interest do they give you? I understand that because of volatility, the price of Bitcoin isn’t always on our side. However, you need to consider that even though Bitcoin won’t double/thriple in value overnight, it has the potential to do so anyways. So why not let your wallet simply be your bank? (At least the one you completely have control over?)

Volatility can be very favorable, ease of use, quick and borderless transactions, etc. F the bank and keep on with the hodl.



 

 

 

 

 

 


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November 25, 2023, 11:50:50 PM
 #42

When the price of Bitcoin reached $38K I thought I would sell my investment but I didn't sell my investment yet hoping for something better. Thinking whether to sell the investment or not I thought I should share the matter in the forum and I will get the best solution from the forum that's why I am sharing the matter in the forum whether I should hold on to my investment or sell it now.  
I don't need the money anyway, if I sell my investment now I have to deposit this money in the bank again.
In this case, investing in Bitcoin is basically feasible for both the short term and long term. Some people choose to keep holding their Bitcoin until their price target is reached or until the next few years, or until at least the bullish era next year. However, some people also do this as a short term investment by taking profits when they have reached a certain profit target, then buying again and holding for a short period of time and taking profits again, and so on.

but what is certain is that Bitcoin is a very valuable investment, which will most likely experience a significant price spike in the next bullish era. So, if you don't really need money and you don't really understand short terms or trading, it would be better if you continue holding, at least until the bullish era after the Bitcoin halving. There is no 100% guarantee, but usually this will increase significantly. be patient and don't panic about anything that makes you afraid or worried.

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November 25, 2023, 11:58:32 PM
 #43

When the price of Bitcoin reached $38K I thought I would sell my investment but I didn't sell my investment yet hoping for something better. Thinking whether to sell the investment or not I thought I should share the matter in the forum and I will get the best solution from the forum that's why I am sharing the matter in the forum whether I should hold on to my investment or sell it now.  
I don't need the money anyway, if I sell my investment now I have to deposit this money in the bank again.
In this case, investing in Bitcoin is basically feasible for both the short term and long term. Some people choose to keep holding their Bitcoin until their price target is reached or until the next few years, or until at least the bullish era next year. However, some people also do this as a short term investment by taking profits when they have reached a certain profit target, then buying again and holding for a short period of time and taking profits again, and so on.

but what is certain is that Bitcoin is a very valuable investment, which will most likely experience a significant price spike in the next bullish era. So, if you don't really need money and you don't really understand short terms or trading, it would be better if you continue holding, at least until the bullish era after the Bitcoin halving. There is no 100% guarantee, but usually this will increase significantly. be patient and don't panic about anything that makes you afraid or worried.

He turned 100 into 150. If he sells the 100 and keeps 50 in btc he can not lose.

He needs to stop overthinking this.  It almost no money at all and he said he does not need the money he invested. I see very shaky hands in him.

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November 26, 2023, 12:24:37 AM
 #44

Hodl and accumulate late more to your Bitcoin trades, keeping holding as long you don't plan using the money yet. You should be concious so you don't regret the second time at when you missed to invest when the coin was at $26 which you failed to invest at then and now You have invested and has hodled a few short term and has made an impressive rate of profits which is propelling to you exaggerating to sell.
I basically don't know how long you can keep hodling but if you are mean to hodl as much, then divert your investment on a long-term run where you could stick to a merit pro-incomes comparing to your current rate.
But must understand that Bitcoin is a volatility digital currency that is experienced with fluctuations but has every tendencies to advancing due to its demands rate that is embraced in the market.

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November 26, 2023, 01:31:28 AM
 #45

I don't need the money anyway, if I sell my investment now I have to deposit this money in the bank again.
Do you feel that keeping your money in fiat is better than keeping it in Bitcoin. Well I don't know the angle you are coming from but if I were in your shoes, I won't cash out just now that the bull market is preparing to start. Besides, keeping your money in fiat will expose the money to inflation that is not showing any mercy globally. I will leave my money in Bitcoin any day any time.

You already mentioned that you don't have any need of the money now so I'm wondering why you will decided to sell now. I used to think that people who are anxious to sell their Bitcoin are those who do not make provision for there needs through other means; those that feed from their portfolio. Maybe I was drawing hasty conclusion.




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November 26, 2023, 02:44:24 AM
 #46

What you have to understand is that the money is yours and you made the investment and not anyone here to decides for you because when wave comes i don't think anyone would ever spare their hard earned money to give you. Then going back to what you said, I won't encourage you to sell now reason being that bull run is on the way and you don't need to waste your investment rather hold till next year maybe after bullrun you can decide to sell them you have made about 20x or more of your investment.
How do we know that the bull run is on the way, I'm sure that OP is going to not have any problems selling all of it right now because the current F&G index indicates a Greed and I think that if there's any time to sell now, I think that this is going to be this time, I feel like OP should consider selling now because if OP's getting the profit, I think that OP should go for it. The price of bitcoin is definitely going to go down before it goes to a bull run and it hasn't done any big dump recently so a potential price crash can still happen. My other advise to OP though is to just do what you really want to do with the investment, at the end of the day it's yours and the advise of other people is just there to help you out not the deciding factor.



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November 26, 2023, 04:34:02 AM
 #47

Sell or hold it any longer.!! Only you can make the best decision. If you feel you bought at the right moment, you have to wait until the Halving moment occurs to get a bigger profit. Your expectations must be in line with your goals when deciding to invest in Bitcoin. Don't rush into making decisions, you have to be more patient until the goal of getting big profits is achieved.

You can get peace of mind by finding out the history of Bitcoin movements in the past. The fear that has been within you all this time because you are unable to withstand losses, this kind of feeling is often experienced by investors who have just started investing in Bitcoin. Calm your mind, wait until the Bitcoin Halving occurs, you can sell it feeling happy because your goal has been achieved.

R


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November 26, 2023, 05:53:16 AM
 #48

It would be good if you didn't sell your investment at $38k, considering that Bitcoin's price could rise very high and could even surpass its last ATH. But the decision to keep holding your Bitcoin or sell your Bitcoin now will still be your decision. We can advise you to keep holding your Bitcoin, but if you have a sudden need that requires you to have money and requires you to sell your Bitcoin, we can't do anything because it is your Bitcoin. You are responsible for investing in Bitcoin.

But because we already know that the price of Bitcoin can increase very high, this is what makes investors still hold onto their Bitcoin. They want to keep waiting for the moment when the Bitcoin price reaches its new ATH price and sell it at its new ATH price. They want to make big profits again like before. They even continue to accumulate more Bitcoin because they see that the current price is still low compared to the increase in Bitcoin prices in the future.

And if you don't really need money right now, it's better to leave your Bitcoins in your wallet. You can continue your investment regularly until you can collect more Bitcoins. You can also wait for the Bitcoin price to reach its ATH price.

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November 26, 2023, 06:49:55 AM
 #49

Snip
How do we know that the bull run is on the way, I'm sure that OP is going to not have any problems selling all of it right now because the current F&G index indicates a Greed and I think that if there's any time to sell now, I think that this is going to be this time, I feel like OP should consider selling now because if OP's getting the profit, I think that OP should go for it. The price of bitcoin is definitely going to go down before it goes to a bull run and it hasn't done any big dump recently so a potential price crash can still happen. My other advise to OP though is to just do what you really want to do with the investment, at the end of the day it's yours and the advise of other people is just there to help you out not the deciding factor.

If op could endure to hold bitcoin from 25k till date what then stops him from not holding till bullrun, what difference does it make selling now?
Well I can't detects for op even to tell him hold on but as a bitcoiner someone who so much believe and trust bitcoin should be able to know that bitcoin is a speculative assets and for that we have just few months/days to halving and this could really fetched him something very amazing if op can just hold till the main bullrun.
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November 26, 2023, 08:28:31 AM
 #50

Quote
Re: Should I still hold the investment or sell it?
I looked at the image that you shared, and it seems like you are holding around 0.004 BTC.
For a newbie (I assume) that's a huge amount already, but I consider it a safe investment because you put it into Bitcoin.

I will not give you a definite answer to your question, but ask your self this. "WHY?" Why will you sell it? From that point onwards, you will make a decision that will work for you. If you want to hold your Bitcoin because you want to hold it for the long term then by all means, hold it. Now if you want to sell it because you need that money to buy something, by all means, sell it. It's that simple. It all comes down to why you are holding your investment.

You already said that you don't need the money, so I guess holding it until the bull run happens will be a good decision, but in the end it will depend on  your decisions, and your "WHY".

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November 26, 2023, 08:48:52 AM
 #51

At the time I invested in Bitcoin I clearly remember when Bitcoin was worth around $25K. To be honest, I couldn't sleep well until a few days after investing, I always felt that maybe I had invested my hard-earned savings in the wrong place. Although it was bad for a few days, I was able to adjust myself with it later. After a few days of my investment, I felt that something good must be waiting for me, because since that time the price of Bitcoin has been steadily increasing and has reached its current level.  

When the price of Bitcoin reached $38K I thought I would sell my investment but I didn't sell my investment yet hoping for something better. Thinking whether to sell the investment or not I thought I should share the matter in the forum and I will get the best solution from the forum that's why I am sharing the matter in the forum whether I should hold on to my investment or sell it now.  
Understanding what you choose is a difficult choice to make, especially when it is directly related to the money we will place in investments. You need to look at some dibitcoin events and cycles that will give you answers to all your doubtful questions about holding onto bitcoin. Investing in bitcoin is actually quite simple, buy and hold bitcoin because we will see its ability to maintain the value of the money we place. The problem is if someone doesn't have the knowledge and most of them suffer losses not because of bitcoin but because their knowledge is incomplete.

Bitcoin has periods of downs and ups, this will continue to influence its journey, but when people understand it they just need to wait for the period they want. It's the same as when you buy bitcoin when it is going down and when you want to sell it you will definitely wait for the period of increase. You don't need to think about many things because the most important thing is to focus and don't panic because calm is the key to success in bitcoin.

I don't need the money anyway, if I sell my investment now I have to deposit this money in the bank again.
All the questions are answered and you made a strong case for why holding is much better than selling now, right?

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November 26, 2023, 10:54:25 AM
 #52

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Re: Should I still hold the investment or sell it?
I looked at the image that you shared, and it seems like you are holding around 0.004 BTC.
For a newbie (I assume) that's a huge amount already, but I consider it a safe investment because you put it into Bitcoin.

I will not give you a definite answer to your question, but ask your self this. "WHY?" Why will you sell it? From that point onwards, you will make a decision that will work for you. If you want to hold your Bitcoin because you want to hold it for the long term then by all means, hold it. Now if you want to sell it because you need that money to buy something, by all means, sell it. It's that simple. It all comes down to why you are holding your investment.

You already said that you don't need the money, so I guess holding it until the bull run happens will be a good decision, but in the end it will depend on  your decisions, and your "WHY".

First of all, I must say that the sale must have a purpose, that is, if you are going to sell your investment, you must sell it to use it for something urgent or needed. Apart from this, if there is no reason to sell, you should wait for your investment to become more valuable.

As @LogitechMouse said, it would be better to hold on to your investment until the bull run occurs. Of course, all decisions are yours and only you are given opinions here. It's up to you whether you comply with this or not. I think it is not a good move to cash out investments when we are so close to the bull run.

If your goal is to sell your investment to buy Bitcoin cheaper, I can't say anything about it, the decision is yours. Maybe you sell now and buy more Bitcoin when the correction occurs. So anything is possible in the market and all decisions are yours. You just need to know the reason and purpose of the moves you will make.
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November 26, 2023, 11:09:29 AM
 #53

I would keep it really simple and what I would have done if I were in your situation. If you are in for long term investment then leave it until halving and possible bullrun as price will surely increase as per the past trends. But if this investment is something which you cannot commit even until the halving next year then you can sell a part and take out the capital you invested and let the profit still be in Bitcoin and leave it for a longer term.

Don't confuse yourself way too much and just think about what I have mentioned above.









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November 26, 2023, 11:29:44 AM
 #54

If you are holding for short term profits then you can book your profit but if you are a long term bitcoin holder then there is no point in selling your bitcoin right now. This is not the expected bull season we are waiting for. There can be a correction after this pump but thinking about selling your bitcoin and buying back when the market makes a correction can be fatal for you. You can lose the entry if there is no correction or if it is not significant enough to be profitable.









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November 26, 2023, 11:55:50 AM
 #55

With $150 worth of coins it doesn't really matter what you do. It's very optimistic to expect that in the next few years Bitcoin will be worth 10 times more. Would $1,500 change your life? Even of you are from a very poor country, there's no way such sum can be life-changing and allow you to buy a house. Even 100 times and having $15,000 is really not that much in the modern world.

Sp focus on earning money first and then start worrying about investments.

he has a job that only pays him $200 a month. he may not live in a "modern world" country

so when btc 10x in the 2025 ATH $1500 is 7 months of income

many people in the modern world live pay-cheque to pay-cheque and it takes them 7 years to say up 3-6months of emergency savings of their monthly income

so putting in a one shot of 7% of months income to turn into 7 months in 2 years without having to put any extra aside every month is a good investment

he also in other topics said he will also put a bit of every months income into bitcoin to add to the 0.004 over the next 5 years. meaning he will ATH the 0.004 at 2025 and possibly ATH multiplier at 2029 too

seems to me he is doing the smart thing by planning to hoard and DCA, though id probably suggest invest more now while low and less when high in future years

The amount of money I want to invest in Bitcoin may not be much but this is the beginning of my investment. I have a lot of plans to invest in my first Bitcoin. I plan to hold my first investment for five years. I am a student and I have a part time job besides my studies from which I earn about 200 dollars every month that's why I dare to keep my investment for 5 years. During these five years I will not only hold my investment but every month I will try to add some amount to my total investment if I have a job for five years. That's why I will hold the investment in five year plan because after five years my graduation will be complete then I will try to do something good with my investment.

I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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November 26, 2023, 11:59:20 AM
 #56

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At the time I invested in Bitcoin I clearly remember when Bitcoin was worth around $25K. To be honest, I couldn't sleep well until a few days after investing, I always felt that maybe I had invested my hard-earned savings in the wrong place. Although it was bad for a few days, I was able to adjust myself with it later. After a few days of my investment, I felt that something good must be waiting for me, because since that time the price of Bitcoin has been steadily increasing and has reached its current level.  

If you can't stand Bitcoin's price volatility then maybe this investment isn't for you. You will eventually panic and sell everything, when the price crashes(there will be a price crash in the future, I'm 100% sure about that). The price drops will be followed by bull runs, so there's nothing to worry about, but some people can't control their emotions.
Asking strangers for financial advice is wrong, if you ask me. Nobody can take responsibility for your own finances. Only you can take the responsibility for your savings. I would sell the BTC at 37K and wait for the price to crash back to 20K, in order to buy again, but that's just me. Grin

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November 26, 2023, 12:30:59 PM
 #57

If you don’t need the money right now, then why are you selling these valuable coins. You haven’t seen Bitcoins growth from 2016 onwards? You don’t know that Bitcoins are limited in numbers that is no more Bitcoins can be created? Still you just running for these small profits? Bitcoins are for long term investment. Buy coins at regular intervals and hold them as long as you can. Only sell the coins, when you think you in need of serious money. Hope you are getting my point OP.

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November 26, 2023, 12:34:18 PM
 #58

Quote
At the time I invested in Bitcoin I clearly remember when Bitcoin was worth around $25K. To be honest, I couldn't sleep well until a few days after investing, I always felt that maybe I had invested my hard-earned savings in the wrong place. Although it was bad for a few days, I was able to adjust myself with it later. After a few days of my investment, I felt that something good must be waiting for me, because since that time the price of Bitcoin has been steadily increasing and has reached its current level.  

If you can't stand Bitcoin's price volatility then maybe this investment isn't for you. You will eventually panic and sell everything, when the price crashes(there will be a price crash in the future, I'm 100% sure about that). The price drops will be followed by bull runs, so there's nothing to worry about, but some people can't control their emotions.
Asking strangers for financial advice is wrong, if you ask me. Nobody can take responsibility for your own finances. Only you can take the responsibility for your savings. I would sell the BTC at 37K and wait for the price to crash back to 20K, in order to buy again, but that's just me. Grin
Seeing your portfolio on those negative PNL's then for sure you would really panic and freak out specially if you arent getting used to it but if you are that having already the experience towards the market then it wouldnt really be an issue in speaking on bitcoin or crypto investment but of course it would bare up that risks which is something that not all would really be able to handle.If you are in torn on having those kind of possible solutions for you to acquire that specific amount because you are planning on some investment then it would really be your choice whether you should dive in or not.

We arent that not all good when it comes to risks handling on which it would really be that normal that there would be those people who would really making out choice to proceed
and there are ones would be choosing on going to the less risky side of things on which they would be continuing on making some savings and dont tend
to make any actions.

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November 26, 2023, 02:22:09 PM
 #59

What you have to understand is that the money is yours and you made the investment and not anyone here to decides for you because when wave comes i don't think anyone would ever spare their hard earned money to give you. Then going back to what you said, I won't encourage you to sell now reason being that bull run is on the way and you don't need to waste your investment rather hold till next year maybe after bullrun you can decide to sell them you have made about 20x or more of your investment.
How do we know that the bull run is on the way, I'm sure that OP is going to not have any problems selling all of it right now because the current F&G index indicates a Greed and I think that if there's any time to sell now, I think that this is going to be this time, I feel like OP should consider selling now because if OP's getting the profit, I think that OP should go for it. The price of bitcoin is definitely going to go down before it goes to a bull run and it hasn't done any big dump recently so a potential price crash can still happen. My other advise to OP though is to just do what you really want to do with the investment, at the end of the day it's yours and the advise of other people is just there to help you out not the deciding factor.
If you rely solely on the greed and fear index and can be sure that the bitcoin price will correct right now, are you being too naive? I have even seen it at high levels for weeks now and bitcoin is still rising without any major correction happening. As for selling bitcoin, you can sell at any time because it is your money and you need to stick to your investment plan. You don't have to listen to anyone, what SmartGold01 says is not guaranteed and neither is what you say. So do what you think is right, don't listen to anyone.

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November 26, 2023, 03:01:14 PM
 #60

My suggestion is to sell it because Bitcoin price might went to $0 because it's a bubble and we're waiting the bubble will burst. Bitcoin isn't a physical asset so the chance to lose it really high, it might be just a random number generated or manipulated with someone which you doesn't know behind Bitcoin. Let me know what's your decision because you're asking someone advice in this forum, right?

Today I read your “motivational” posts for the second time. It seems that some users are starting to annoy you with their not-so-smart questions, and it’s time to open a topic like “ Bad advice from Solosanz."  Grin

But, OP, what's wrong with you? Withdraw money from Bitcoin profits and put it in the bank.

You are probably very young and largely dependent on your family (this is in history), so until you have done anything worthwhile on your own, stop flaunting the fact that you don’t need money, and don’t forget that the history of posts is available to everyone.


Since I will never need to sell the investment, I will try to hold my investment for as long as possible. If I am successful in the investment, I will discuss my investment with my family.


I have a plan now that I will never waste the money I take from him but I will invest a part of that money in Bitcoin and keep that investment for a long time. After investing in Bitcoin for a long time I have a dream that one day I will hand over a huge amount to my father and tell him that I did not spend your money in the wrong place at all.


I don't need the money anyway, if I sell my investment now I have to deposit this money in the bank again.
Try to be consistent.

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November 26, 2023, 03:17:15 PM
 #61

I think it is better to decide for yourself. It is your money, and the decision will impact only you and your family.
I know that it is very difficult to wait for a few years, but the wait will be worth it. I am of the opinion that you should hold your Bitcoin investment for a couple of years at least to get some healthy profit. The chances are that the price will reach a new ATH in 2025 or earlier. Store your profit in Gold or silver. You can also invest in liquid assets, but depositing your money in the bank will not be of any use in the long run.

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November 26, 2023, 03:50:34 PM
 #62

If you are holding for short term profits then you can book your profit but if you are a long term bitcoin holder then there is no point in selling your bitcoin right now. This is not the expected bull season we are waiting for. There can be a correction after this pump but thinking about selling your bitcoin and buying back when the market makes a correction can be fatal for you. You can lose the entry if there is no correction or if it is not significant enough to be profitable.
The risk of losing an entry after selling is now very possible even though Bitcoin is currently experiencing a very small correction in the market. So the consideration of not selling now is quite the right thing in my opinion because it would be a shame if after selling you can no longer buy at a low price if there is no correction in the near future, especially now that Bitcoin also shows price increases more often than corrections. That's why it makes perfect sense if we still want to keep it now by not selling for now.

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November 26, 2023, 04:09:58 PM
 #63

You don't have to listen to anyone, what SmartGold01 says is not guaranteed and neither is what you say. So do what you think is right, don't listen to anyone.
Well, we all speaking on speculations no one can give you exact what would happen next because we know too well that bitcoin market highly volatile and anyone who is to venture into the market should be very careful. We all filter out those information we got from here to choose between which to implement or to take likely and not. But sincerely speaking I have followed some guidelines gotten from here and it helps me correctly that was when I wanted to sell off my holdings and some people encouraged me not to do that but today I can tell you that I am still on profits till now and I still plans to hold more even till halving.
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November 26, 2023, 05:58:57 PM
 #64

I think it is better to decide for yourself. It is your money, and the decision will impact only you and your family.
I know that it is very difficult to wait for a few years, but the wait will be worth it. I am of the opinion that you should hold your Bitcoin investment for a couple of years at least to get some healthy profit. The chances are that the price will reach a new ATH in 2025 or earlier. Store your profit in Gold or silver. You can also invest in liquid assets, but depositing your money in the bank will not be of any use in the long run.

Everyone can think for himself better than others think about you because we don't know that what will be situation of that person who wants a suggestion from us. We should give them good suggestions but the decision will be his own because we are talking about the market condition but have no idea that at what price he bought bitcoin and what are his personal plans.

Waiting till April of the year 2024 will be most profitable because next year is termed as a halving year but if someone can't wait more due to some issues then he should think about his profit and if he is in profit then selling this time is not an issue but if he has no profit then I think a person should wait little more because few months are just remaining to be benefited due to bitcoin investment.









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November 26, 2023, 09:25:29 PM
 #65

You said it from your own mouth that you won't be needing the money anytime soon so why do you stress yourself thinking whether to keep on hodling or sell them? Most probably because you are afraid to see bitcoin experience price decline anytime soon? Well, that could be possible as we can't expect to see bitcoin price always on the surge, there will really come a time that its price will move down and then go up again, that's how volatility works.

This is the reason why everyone is advised to always put an amount that you can afford to lose so that you won't be worrying if a market crash suddenly happen. But for your peace of mind, try to sell a portion of your bitcoin to gain profits, and when the price drops down deeply, reinvest again and hold it for long term in preparation for the upcoming bitcoin halving.

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jeraldskie11
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November 26, 2023, 11:32:39 PM
 #66

When the price of Bitcoin reached $38K I thought I would sell my investment but I didn't sell my investment yet hoping for something better. Thinking whether to sell the investment or not I thought I should share the matter in the forum and I will get the best solution from the forum that's why I am sharing the matter in the forum whether I should hold on to my investment or sell it now.  
I don't need the money anyway, if I sell my investment now I have to deposit this money in the bank again.
Personally, if I were in your situation, I would sell my Bitcoin. You don't even have to sell at the highest price to make a profit, profit is profit. We also need to know how to analyze the market so that we can determine what the price can reach before retracing. There are times it will not reach the supply zone and then the price will drop. So it is better to sell even if the expected price is not yet reached then look for an area or zone where the price may retrace. You need to have a plan for this so you don't get FOMO.

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November 27, 2023, 01:15:57 AM
 #67

Quote from: AbuBhakar
You should decide for yourself since this is your money. It depends also if you will use this amount already or this is just an investment dedicated money. Bitcoin is very good to hold long term if you don’t have any urgent use for that money because halving is near while adaption is already coming again due to the ETF approval.

Only sell if you are happy already to your profit or if you will use the money already on important matters. Taking profit is always a good thing to do.

If you want people to decide for you on what to do now, it may make you to Miss your opportunity because there are some holders waiting for the price to reach $100,000 before they can sell which I don't know if you are part of those category of holders in the community.  Since you have invested the money on Bitcoin, and the price just hit $38,213 few days ago, it will be favourable if you can hold your Bitcoin in this bearish season, because if you sell your Bitcoin you will not be able to make a good income like those that will hold long in the community. But if you know that you are not capable to wait till the price of Bitcoin hit back $69,321 before you can sell, you can sell when the price hit $40,000 before the end of this month.

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November 27, 2023, 01:35:25 AM
 #68

Since you would still sell instead of to hold fiat currency in the bank,, the discipline you OP have to maintain this investment style can make you more money and a millionaire if the HODLing is maintained on a decentralized wallet for a during after 5years.

He has 0.004 BTC, to become a millionaire on it you would need Bitcoin to reach $250 million and the whole marketcap to be around 5300 trillions, that's 10 times more than the entire private wealth in the worlds!

If you stick to this investment, you will achieve the biggest success of your life.

Really selling short what a guy can achieve these days, aren't we?
Making $200 from an investment becomes the biggest success of your life, damn!

~

he might be a teenager or someone from a developing country where $150 is a few months salary

Yeah my bad, should have checked, and I wouldn't have even wasted my time with this

The amount of money I want to invest in Bitcoin may not be much but this is the beginning of my investment. I have a lot of plans to invest in my first Bitcoin. I plan to hold my first investment for five years. I am a student and I have a part time job besides my studies from which I earn about 200 dollars every month that's why I dare to keep my investment for 5 years. During these five years I will not only hold my investment but every month I will try to add some amount to my total investment if I have a job for five years. That's why I will hold the investment in five year plan because after five years my graduation will be complete then I will try to do something good with my investment.

Two weeks ago he was planning on hodling for five years and adding more each month, now he can't sleep at night after one week.
Time and server diskspace waste!






His hand are soft not Diamond. He needs to sell it and ask for advice.

100 into 150 is nothing

and having to ask about it is the issue.

No understanding of hodl not ready to hodl.

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November 27, 2023, 05:46:09 AM
 #69

His hand are soft not Diamond. He needs to sell it and ask for advice.

100 into 150 is nothing

and having to ask about it is the issue.

No understanding of hodl not ready to hodl.

Yes, and I can understand if it is someone young with little money or living in a developing country where that amount is more important than for us, but the fact that 20 days ago he was saying he was planning to hold for 5 years, plus adding to the investment, and now he is considering whether to sell makes me wonder if there isn't a bit of trolling going on here. In any case, I have it clear, at the moment we are in, facing a bull market and with that amount I would not sell, another thing is that he needs the money for something but then he should not have invested it in the first place.

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legendbtc
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November 27, 2023, 09:16:38 AM
 #70

You don't have to listen to anyone, what SmartGold01 says is not guaranteed and neither is what you say. So do what you think is right, don't listen to anyone.
Well, we all speaking on speculations no one can give you exact what would happen next because we know too well that bitcoin market highly volatile and anyone who is to venture into the market should be very careful. We all filter out those information we got from here to choose between which to implement or to take likely and not. But sincerely speaking I have followed some guidelines gotten from here and it helps me correctly that was when I wanted to sell off my holdings and some people encouraged me not to do that but today I can tell you that I am still on profits till now and I still plans to hold more even till halving.

I don't know why you and the OP like to rely on other people's advice about selling or holding your bitcoins. But for me, when investing I have my plan and I will always follow it. Second, only I understand what situation I am in, what I need and what I want. So only I know which option is best for me. People only give advice based on your story, they are not you and are not in your situation. How can they know what you are thinking and what you want?

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November 27, 2023, 11:11:23 AM
 #71


When the price of Bitcoin reached $38K I thought I would sell my investment but I didn't sell my investment yet hoping for something better. Thinking whether to sell the investment or not I thought I should share the matter in the forum and I will get the best solution from the forum that's why I am sharing the matter in the forum whether I should hold on to my investment or sell it now.  
I don't need the money anyway, if I sell my investment now I have to deposit this money in the bank again.
If you don't need money anymore, you better share your investment with any of your family members or relatives as they are somewhat needed for that and let them manage and grow it. You don't need to stress your life in investing in Bitcoin but rather enjoy it while you still have time. They will appreciate that much and think about the good deeds that you did.
And whether you sell them or hold them, it is you who can answer that and I believe that you already have some idea how the market works.
But the best solution is to let other people manage it so you don't need to think and bother yourself about it.

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November 27, 2023, 11:34:52 AM
 #72

I have known about Bitcoin since long time ago and I have been interested in Bitcoin ever since.
---
When the price of Bitcoin reached $38K I thought I would sell my investment but I didn't sell my investment yet hoping for something better. Thinking whether to sell the investment or not I thought I should share the matter in the forum and I will get the best solution from the forum that's why I am sharing the matter in the forum whether I should hold on to my investment or sell it now.  
I don't need the money anyway, if I sell my investment now I have to deposit this money in the bank again.


Regardless of the fact that this is a Bitcoin forum, I will say that maybe you should sell because you obviously do not feel comfortable investing your savings in Bitcoin, regardless of the fact that you claim to have known about Bitcoin for a long time. The fact is that in such a long time (no matter how long it really was) you still have doubts that surely stem from the fact that you believe more in the propaganda of the mainstream media than in the facts.

I can conclude that ignorance, doubt and greed are a very bad combination in any investment, and in that case I suggest to everyone that they prefer to keep their money in the bank, or to buy government bonds or something similar - the profit there is not great, but you still sleep much more peaceful.

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EarnOnVictor
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November 27, 2023, 01:17:08 PM
 #73

If you are holding for short term profits then you can book your profit but if you are a long term bitcoin holder then there is no point in selling your bitcoin right now. This is not the expected bull season we are waiting for. There can be a correction after this pump but thinking about selling your bitcoin and buying back when the market makes a correction can be fatal for you. You can lose the entry if there is no correction or if it is not significant enough to be profitable.
The risk of losing an entry after selling is now very possible even though Bitcoin is currently experiencing a very small correction in the market. So the consideration of not selling now is quite the right thing in my opinion because it would be a shame if after selling you can no longer buy at a low price if there is no correction in the near future, especially now that Bitcoin also shows price increases more often than corrections. That's why it makes perfect sense if we still want to keep it now by not selling for now.
There is nothing shameful in buying and selling your assets, no one is perfect in this regard, we should only pray and hope that luck is on our side. I've been buying and selling markets for a long time, so I know what I'm talking about, there is no perfect timing and decision but a mixture of speculation and probability. Nevertheless, traders or investors should learn at least a special way to know where (price) is best to buy and where (price) is best to opt out. This is why I usually say the reading of charts is good to guide anyone in this regard. Although this is never perfect but a means to at least make decisions without actually gambling yourself. Even if you made the mistake of opting out of the market badly, you will definitely know when to buy it back if you are a good reader of the chart. Then you act accordingly instead of believing there is shame in one's decision, nothing is perfect in trading, we are only trying our best, still, one should be smart with it.

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November 27, 2023, 01:34:14 PM
 #74

I have known about Bitcoin since long time ago and I have been interested in Bitcoin ever since.
---
When the price of Bitcoin reached $38K I thought I would sell my investment but I didn't sell my investment yet hoping for something better. Thinking whether to sell the investment or not I thought I should share the matter in the forum and I will get the best solution from the forum that's why I am sharing the matter in the forum whether I should hold on to my investment or sell it now.  
I don't need the money anyway, if I sell my investment now I have to deposit this money in the bank again.


Regardless of the fact that this is a Bitcoin forum, I will say that maybe you should sell because you obviously do not feel comfortable investing your savings in Bitcoin, regardless of the fact that you claim to have known about Bitcoin for a long time.

I can conclude that ignorance, doubt and greed are a very bad combination in any investment, and in that case I suggest to everyone that they prefer to keep their money in the bank, or to buy government bonds or something similar - the profit there is not great, but you still sleep much more peaceful.

That really be the best decision he could do since if he keep holding it for sure he gain a lot of pressure due to price changes happen. So he should experience to sell it first then try to monitor on how the market move after that so he can get an idea and learn from the action he made.

The three attitudes you mention is really a bad combination since it can make people not to think more clearer regarding on what price they want to take their profit since what came up on their mind is how they can earn more in ongoing good tracks of the market that's why they will hold more and stressed their selves on things they don't understand.  Maybe best for them to keep their money in the bank for safety if they are not prepared, but its also good if they try the risk so that they can able to experience the worst and bad situations on the market.

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November 27, 2023, 01:36:55 PM
 #75

His hand are soft not Diamond. He needs to sell it and ask for advice.

100 into 150 is nothing

and having to ask about it is the issue.

No understanding of hodl not ready to hodl.

Yes, and I can understand if it is someone young with little money or living in a developing country where that amount is more important than for us, but the fact that 20 days ago he was saying he was planning to hold for 5 years, plus adding to the investment, and now he is considering whether to sell makes me wonder if there isn't a bit of trolling going on here. In any case, I have it clear, at the moment we are in, facing a bull market and with that amount I would not sell, another thing is that he needs the money for something but then he should not have invested it in the first place.

Exactly that.

If we assume he is truthful he simply is not emotionally ready to invest.

Or he is a troll and we are wasting time replying to him.

But if a truly shaky handed person is reading this some advice could help them.

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November 27, 2023, 08:06:09 PM
 #76

His hand are soft not Diamond. He needs to sell it and ask for advice.

100 into 150 is nothing

and having to ask about it is the issue.

No understanding of hodl not ready to hodl.

Yes, and I can understand if it is someone young with little money or living in a developing country where that amount is more important than for us, but the fact that 20 days ago he was saying he was planning to hold for 5 years, plus adding to the investment, and now he is considering whether to sell makes me wonder if there isn't a bit of trolling going on here. In any case, I have it clear, at the moment we are in, facing a bull market and with that amount I would not sell, another thing is that he needs the money for something but then he should not have invested it in the first place.

Exactly that.

If we assume he is truthful he simply is not emotionally ready to invest.

Or he is a troll and we are wasting time replying to him.

But if a truly shaky handed person is reading this some advice could help them.
Bunch of alike stories and given that we are all anonymous in this forum, it would be hard determining which user is telling the truth or whether stories or topic are legitimate or not.

For sure we are all aware here; hold and just continue to do so until satisfactory. However there are indeed people having difficulties with their decision despite of awareness on what to to. Factor to consider is the investor's life circumstances. Everyone for sure wants to hold but not all could endure market price changes.

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November 28, 2023, 10:40:01 AM
 #77

That really be the best decision he could do since if he keep holding it for sure he gain a lot of pressure due to price changes happen. So he should experience to sell it first then try to monitor on how the market move after that so he can get an idea and learn from the action he made.

The point is precisely that the OP claims to have known about Bitcoin for a very long time, but obviously still has great doubts, not to mention the fact that he does not know how to assess the time we are currently in. No one can claim that the price of BTC will not be 5% or maybe 15% lower in 2 or 3 months than it is today, but the fact is that we are at the very end of a bear market and anyone who sells today may not get the opportunity to buy BTC for $25k like the OP did.

The three attitudes you mention is really a bad combination since it can make people not to think more clearer regarding on what price they want to take their profit since what came up on their mind is how they can earn more in ongoing good tracks of the market that's why they will hold more and stressed their selves on things they don't understand.  Maybe best for them to keep their money in the bank for safety if they are not prepared, but its also good if they try the risk so that they can able to experience the worst and bad situations on the market.

It is not only a question of profit, but also that these people are actually harming their health because they are constantly under stress and fear that they will lose their investment because they have invested much more than they can afford to lose. It's hard for me to understand what's in these people's heads when they put everything they have on the line and then hope for a miracle, and as soon as the price drops a little, they immediately sell and think that it's something positive that they sold with a small loss.

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November 28, 2023, 11:36:31 AM
 #78

Hold if you are still looking for more and want to experience bull season while having your cryptos complete. But if you are already contented enough with the profit that you have these days, then sell them. Because your decision matters to your goal and the thing that you want to happen. It means even if we said that holding is the best option but if it was against your will, that will never work. Indeed, you should think wisely, and just follow what is your plan/target because we all have differences. 

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November 28, 2023, 12:31:33 PM
 #79

I think it is better to decide for yourself. It is your money, and the decision will impact only you and your family.
I know that it is very difficult to wait for a few years, but the wait will be worth it. I am of the opinion that you should hold your Bitcoin investment for a couple of years at least to get some healthy profit. The chances are that the price will reach a new ATH in 2025 or earlier. Store your profit in Gold or silver. You can also invest in liquid assets, but depositing your money in the bank will not be of any use in the long run.
He is confused and can't decide properly for himself, that is why he is here asking for what is the best thing to do. Before we invest, we should set up a goal so that the road will be more clearer for us. Each of us are unique, so some are already good with a small profit, and there is no need for them to wait for a year or two before they sell their coins.

The price of BTC is also unpredictable and can sometimes do wonders where it can pump high for a short period of time only. This can as well cut our waiting time even though our expectations is a bit high. Apart from diversifying his profits, I think it is still not wrong to put some in the banks.

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Adbitco
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November 28, 2023, 01:09:39 PM
 #80

Snip
Don't sell now - be patient and keep this investment safe and stay out of the market. As a long-term holder - I'm not forcing you to keep holding Bitcoin so you don't sell it if you need the money, but because you don't need the money so hold on and just enjoy the growth.

If you need to sell them - then don't sell all the bitcoin, but sell as much as you need. There is great potential waiting for the holder in the next 1 to 2 years, so strengthen your grip and avoid market volatility.

This is how to defined those that are patient enough to hold bitcoin, like you said if op needs money for expense he can sell little to settle his needs and wants but if those things are not necessary then there is no need to go sell off his investments. From op diversifying investment is also good but how sure is he to what he wants to put his money pulling it from better investment to further expand another business though is a good idea but he needs to be mindful I don't he should that now because bitcoin is on a fast growing track and he should hold for now.

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November 28, 2023, 01:47:28 PM
 #81

When the price of Bitcoin reached $38K I thought I would sell my investment but I didn't sell my investment yet hoping for something better. Thinking whether to sell the investment or not I thought I should share the matter in the forum and I will get the best solution from the forum that's why I am sharing the matter in the forum whether I should hold on to my investment or sell it now.  
I don't need the money anyway, if I sell my investment now I have to deposit this money in the bank again.


You will experience this again when Bitcoin reaches around $50k. You will still want more, it will be the same feeling as you are not being contented. For now if you still don't need money then it is better to continue holding more and stop always checking it, as it will just tempt you to sell it. You just answered your question so try to refrain from checking it from time to time or it is better to forget it. If I were in your situation I would forget it because I don't need that money and probably sell it off after a few years or even a decade.
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November 28, 2023, 02:03:37 PM
 #82

I don't need the money anyway, if I sell my investment now I have to deposit this money in the bank again.
Don't sell off now because doing that can leave you in deep regret as we're going into a bull run. Hodl your Bitcoin till after the halving in 2024 if you still have the urge to sell off. Otherwise, it's better to wait longer after halving for the momentum that will expectedly lead to a new ATH in 2025. By the way, you've just around $150 in Bitcoin. That isn't much if you asked me. You should find a way of buying more at every price correction from now till before its halving.

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November 28, 2023, 03:05:43 PM
 #83

His hand are soft not Diamond. He needs to sell it and ask for advice.

100 into 150 is nothing

and having to ask about it is the issue.

No understanding of hodl not ready to hodl.
Yes, and I can understand if it is someone young with little money or living in a developing country where that amount is more important than for us, but the fact that 20 days ago he was saying he was planning to hold for 5 years, plus adding to the investment, and now he is considering whether to sell makes me wonder if there isn't a bit of trolling going on here. In any case, I have it clear, at the moment we are in, facing a bull market and with that amount I would not sell, another thing is that he needs the money for something but then he should not have invested it in the first place.
Exactly that.

If we assume he is truthful he simply is not emotionally ready to invest.

Or he is a troll and we are wasting time replying to him.

But if a truly shaky handed person is reading this some advice could help them.
That is the reason why I usually respond to topics that look like trolling, because I feel like there could be some real person out there who may read this and get some help, not really response to OP himself, but to anyone who feels like what OP wrote, which makes responds a lot more crucial. I do believe that holding is important at this stage, and people should be holding as long as possible, I would say even hold beyond this upcoming bull run we are expecting and see the bull run after that, 4 years after that probably, and if you can wait the 8 years after one, and wait 12 years after one, wait as long as possible.

In fact, I would wait until I pass away from this world and leave it all to my kids, who would be way richer than me I assume after getting them. So all in all, waiting is true, and selling is wrong to me. This isn't exactly towards OP, if he could use it then great, but if not, this is to all the people who wonder about what they should do.

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November 28, 2023, 03:10:35 PM
 #84

I don't need the money anyway, if I sell my investment now I have to deposit this money in the bank again.
Don't sell off now because doing that can leave you in deep regret as we're going into a bull run. Hodl your Bitcoin till after the halving in 2024 if you still have the urge to sell off. Otherwise, it's better to wait longer after halving for the momentum that will expectedly lead to a new ATH in 2025. By the way, you've just around $150 in Bitcoin. That isn't much if you asked me. You should find a way of buying more at every price correction from now till before its halving.

Exactly! He will be missing a lot of opportunities if he sell now while Bitcoin Halving or the new ATH is not yet reached. He also mention about not needing the money even if he will sell it so it means that he knew the answer to his question but probably just have a mixed feeling on holding or selling due to the volatility of Bitcoin which I understand since it’s really tempting to sell when you see that your holdings is already have profit.

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November 28, 2023, 04:31:30 PM
 #85

I thought I should share the matter in the forum and I will get the best solution from the forum that's why I am sharing the matter in the forum whether I should hold on to my investment or sell it now.
I think you are not going to get any specific suggestion regarding that from anyone and almost every single person would tell you to decide for yourself. I would say the same, because it totally depends on your personal financial goals and your target that you had when you were making the investment. If you were looking for a specific amount of profits and you think you have got it, you should sell them, but if you invested so that you can hold for long term to reap higher returns, then it's definitely not the right time for that because we expecting a bull run in the next couple of years.

I don't need the money anyway, if I sell my investment now I have to deposit this money in the bank again.
That means that you can hold it for as long as you want, I would not suggest you selling them in this case because if you can hold until the bull run, you will definitely get higher profits.

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November 29, 2023, 02:55:00 AM
 #86

~
If op could endure to hold bitcoin from 25k till date what then stops him from not holding till bullrun, what difference does it make selling now?
Well I can't detects for op even to tell him hold on but as a bitcoiner someone who so much believe and trust bitcoin should be able to know that bitcoin is a speculative assets and for that we have just few months/days to halving and this could really fetched him something very amazing if op can just hold till the main bullrun.
Halving is estimated to be 4 to 5 months away from happening, I think that doesn't count as few months. There's going to be an opportunity for OP to buy bitcoin along those months anyway so I am sure that selling right now won't be that bad of a deal, it's not like OP is going to quit investing for good just because OP is selling. Also, there's definitely going to be a time where bitcoin price will eventually go down again before it will go up again that's why I believed that OP should go for selling since there's still that future and potential opportunity to get back at a cheaper price.



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November 29, 2023, 01:35:54 PM
 #87

You probably don't have a very good spiritual knowledge about Bitcoin, or you wouldn't have thought like this. First of all I will tell you to get good education about bitcoin, when you know better about bitcoin you will definitely know whether you should hold or sell your investment. I would say if you can gain good knowledge about Bitcoin, then surely you plan to hold Bitcoin. We always know that Bitcoin is a highly influential currency and helps to stabilize a person's future financially. Accordingly, if you buy bitcoins you must hold it till bull market only then you can get double amount of profit. That's why I'd say you should never buy and sell Bitcoin but wait until you ATH.

R


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November 29, 2023, 02:31:57 PM
 #88

Thinking whether to sell the investment or not I thought I should share the matter in the forum and I will get the best solution from the forum that's why I am sharing the matter in the forum whether I should hold on to my investment or sell it now.  
I don't need the money anyway, if I sell my investment now I have to deposit this money in the bank again.

Actually investing in BTC is not very difficult, but before that the main thing is to fulfill the basic requirements first. Now. If it's already entered, it means OP is ready. so just keep your BTC and get out if you have made a profit after the market returns to normal if you don't want to continue.

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November 29, 2023, 02:34:37 PM
 #89

You probably don't have a very good spiritual knowledge about Bitcoin, or you wouldn't have thought like this.

Inside life, this is strange again and heavy to hear, what is spiritual knowledge about bitcoin all about, am getting confused here, knowledge is knowledge, what is the spiritual implications again here with someone doing the norms or not, honestly this is very funny to hear that bitcoin has been hypnotized under the influence of spiritual attacks that makes it has its patterned ways in this format or you're just making your own cruise out of it.

Accordingly, if you buy bitcoins you must hold it till bull market only then you can get double amount of profit. That's why I'd say you should never buy and sell Bitcoin but wait until you ATH.

Is it actually doubled of the amount invested we can get when we Invest on bitcoin, your English is giving me another new interpretation to what I've never heard about.

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November 29, 2023, 03:45:46 PM
 #90

Actually on your question, you are hearing a lot about bitcoin investment or someone shares with you about a potential option and you decide to take action after doing your own research about it. I think that's good, but you have to build your investment strategy and plan? You will wonder if that amount of savings will earn interest in 1 year, 5 years or 10 years? Or when you withdraw that savings to invest in bitcoin, how do you set your profit target? you need to determine that. It's yours! when you think it is enough and you are satisfied, then your decision will be right.

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November 29, 2023, 07:55:59 PM
 #91

Inside life, this is strange again and heavy to hear, what is spiritual knowledge about bitcoin all about, am getting confused here, knowledge is knowledge, what is the spiritual implications again here with someone doing the norms or not, honestly this is very funny to hear that bitcoin has been hypnotized under the influence of spiritual attacks that makes it has its patterned ways in this format or you're just making your own cruise out of it.
Understanding spiritual meaning in relation to Bitcoin is quite confusing because usually people will understand spirituality in the context of soul and spirit. Knowledge includes how someone can understand investment strategies to generate profits and I don't know what spiritual means? This kind of hypothesis can be quite confusing when it doesn't try to explain the true meaning and I think we will hear hypnosis in this aspect of the human mind regarding their journey in bitcoin in the future.

Accordingly, if you buy bitcoins you must hold it till bull market only then you can get double amount of profit. That's why I'd say you should never buy and sell Bitcoin but wait until you ATH.
Is it actually doubled of the amount invested we can get when we Invest on bitcoin, your English is giving me another new interpretation to what I've never heard about.
Bitcoin has an advantage in the long term because ATH can provide multiple profits. Bullish means an increase in prices but does not guarantee that it will provide double the profits because the process of accumulation of purchases is the basis for the price at which people buy. I think the language becomes a bit erroneous and may be a problem that makes it difficult for us to understand it.

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November 29, 2023, 08:21:22 PM
 #92

If op could endure to hold bitcoin from 25k till date what then stops him from not holding till bullrun, what difference does it make selling now?
Well I can't detects for op even to tell him hold on but as a bitcoiner someone who so much believe and trust bitcoin should be able to know that bitcoin is a speculative assets and for that we have just few months/days to halving and this could really fetched him something very amazing if op can just hold till the main bullrun.
Halving is estimated to be 4 to 5 months away from happening, I think that doesn't count as few months. There's going to be an opportunity for OP to buy bitcoin along those months anyway so I am sure that selling right now won't be that bad of a deal, it's not like OP is going to quit investing for good just because OP is selling. Also, there's definitely going to be a time where bitcoin price will eventually go down again before it will go up again that's why I believed that OP should go for selling since there's still that future and potential opportunity to get back at a cheaper price.
I think it is still quite close, I mean we are talking about April or May, which means that 5-6 months to be fair, and that's still very very close. Look at the price, we have peaked over 38k if I am not wrong, and that means we have seen quite high, the bottom was 15k so the peak we have seen since the bear run started versus the bottom is way more than 100% increase, it is 150% increase.

When things are already this high, that means you are already a bit late and should be considering the situation a bit differently. I understand that it may not look that great but it should be quite good period in the end. I believe that we are going to end up with something that will change the situation a lot, and could be done in a very good way.

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November 29, 2023, 08:42:47 PM
 #93


First of all I'm a small bitcoin investor, and I'm not too old to invest so this is the beginning of my investment.

I have known about Bitcoin since long time ago and I have been interested in Bitcoin ever since. Slowly trying to learn about Bitcoin and interest in learning about Bitcoin introduced me to investing. At the beginning of investing in Bitcoin I felt different, I could not believe that investors invest in this crypto currency. While slowly trying to learn about investing and at some stage of trying I got a rough idea about investing and from then on I started to believe that investors really invest in this platform. It was okay for others to invest but I couldn't bring up the courage to invest myself because it seemed too risky to me. Although it seemed risky, since a curiosity was working in my mind, I took courage and decided to withdraw money from my savings account and decided to invest that money in Bitcoin.  
At the time I invested in Bitcoin I clearly remember when Bitcoin was worth around $25K. To be honest, I couldn't sleep well until a few days after investing, I always felt that maybe I had invested my hard-earned savings in the wrong place. Although it was bad for a few days, I was able to adjust myself with it later. After a few days of my investment, I felt that something good must be waiting for me, because since that time the price of Bitcoin has been steadily increasing and has reached its current level.  

When the price of Bitcoin reached $38K I thought I would sell my investment but I didn't sell my investment yet hoping for something better. Thinking whether to sell the investment or not I thought I should share the matter in the forum and I will get the best solution from the forum that's why I am sharing the matter in the forum whether I should hold on to my investment or sell it now.  
I don't need the money anyway, if I sell my investment now I have to deposit this money in the bank again.
When it comes to selling decisions then it would really be that entirely be depending on you because its your money and if you dont need up the money you do make with those profits then it would be ideal that you should hold for more long years considering that we are really getting close to bull run period then potential profits could really be even more considering that you have invested when its still 25 then you are really that in profits now.
It is really just that normal that whenever we do make out investment on a market on which we dont have experience or able to know then it would really be just that normal that you would really be having those kind of doubts and anxiety whether your money would totally lost or not to be profitable.

Once you do have those doubts then you cant really sleep but if you have seen that your investment is slowly gaining up profits then those worries would really be wept away
on which i could say that it is normal. Also its not bad to secure out profits now though considering that profits is already there, profit is profit no matter how small or big it is.
We do have different selling positions and considerations.

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November 29, 2023, 09:33:58 PM
 #94


First of all I'm a small bitcoin investor, and I'm not too old to invest so this is the beginning of my investment.

I have known about Bitcoin since long time ago and I have been interested in Bitcoin ever since. Slowly trying to learn about Bitcoin and interest in learning about Bitcoin introduced me to investing. At the beginning of investing in Bitcoin I felt different, I could not believe that investors invest in this crypto currency. While slowly trying to learn about investing and at some stage of trying I got a rough idea about investing and from then on I started to believe that investors really invest in this platform. It was okay for others to invest but I couldn't bring up the courage to invest myself because it seemed too risky to me. Although it seemed risky, since a curiosity was working in my mind, I took courage and decided to withdraw money from my savings account and decided to invest that money in Bitcoin.  
At the time I invested in Bitcoin I clearly remember when Bitcoin was worth around $25K. To be honest, I couldn't sleep well until a few days after investing, I always felt that maybe I had invested my hard-earned savings in the wrong place. Although it was bad for a few days, I was able to adjust myself with it later. After a few days of my investment, I felt that something good must be waiting for me, because since that time the price of Bitcoin has been steadily increasing and has reached its current level.  

When the price of Bitcoin reached $38K I thought I would sell my investment but I didn't sell my investment yet hoping for something better. Thinking whether to sell the investment or not I thought I should share the matter in the forum and I will get the best solution from the forum that's why I am sharing the matter in the forum whether I should hold on to my investment or sell it now.  
I don't need the money anyway, if I sell my investment now I have to deposit this money in the bank again.

From what I see in you, you really see Bitcoin as a good potentiality because you have an idea and knowledge about it anyway, and you won't decide to take your savings just to buy Bitcoin. And at this point, you are not wrong.

But I noticed that you haven't determined for yourself which category you are in; I mean, you don't know or aren't sure if you are long-term or short-term holders. But based on your feelings, you are a short-term trader because you are hesitant to sell your holdings, although you obviously have a profit from what you did somehow.

But if you have higher expectations for bitcoin, you should not sell it now. Try to become more sensitive to what is happening now in the market. This is just my opinion as a Bitcoin holder.

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November 29, 2023, 09:40:05 PM
Merited by EluguHcman (2)
 #95

When the price of Bitcoin reached $38K I thought I would sell my investment but I didn't sell my investment yet hoping for something better. Thinking whether to sell the investment or not I thought I should share the matter in the forum and I will get the best solution from the forum that's why I am sharing the matter in the forum whether I should hold on to my investment or sell it now.  
I don't need the money anyway, if I sell my investment now I have to deposit this money in the bank again.

If you don't need the money keep holding and don't sell. If you sell you'll use the money to buy sometimes that won't have value as Bitcoin. Hold your Bitcoin always and only sell when you need money to use and there's no other options of getting money for elsewhere. Since this is your first investment in Bitcoin, keep on holding and you'll be happy you did. In years ahead you'll be glad you didn't sell your Bitcoin. I don't trust the banks and there's no benefits in holding your money with them.

Banks use our money to generate more money for them to use and that's why they want us to always keep our money with them and when we do that, while our money loses value due to inflation they make profits by using the money we keep  with them for forex investment or lend them to borrower and make profits from the interest on the loans. They don't own the money yet they make use of their service and make money from other individuals money they're holding.

R


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LLBIT
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November 29, 2023, 10:09:57 PM
 #96

An investment is always to expect long-term benefits, if you have an investment in altcoins then it is up to each individual, I have not had much experience with alts because they always make me lose, I do not trust them under any circumstances, for That reason is that I always see that things can be seen that way, if we are in a bitcoin market I tell you not to sell, to wait for the investment because the price of bitcoin is going to rise, maybe it will not be this year, but it is very encouraging 2024 onwards, you can do many things, and if it is bitcoin I recommend waiting.

When they are investments like gold, real estate that must depend on the person how much they want to earn, I don't know much about that, what I know is that if you want to get a good price you have to do it through bitcoin, if it is another altcoin I wouldn't know what I mean, if I had it I would sell it, because I don't trust that.

R


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lienfaye
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November 30, 2023, 01:16:49 AM
 #97

When the price of Bitcoin reached $38K I thought I would sell my investment but I didn't sell my investment yet hoping for something better. Thinking whether to sell the investment or not I thought I should share the matter in the forum and I will get the best solution from the forum that's why I am sharing the matter in the forum whether I should hold on to my investment or sell it now.  
I don't need the money anyway, if I sell my investment now I have to deposit this money in the bank again.
It's normal to have worries when you invest your money. But what you think is the wise decision at this time that can give you peace of mind? Because you're the only one who can decide for yourself.

Majority of people here are a Bitcoin investors, quite obvious what would be their advice. Anyway, ask yourself if is it good to sell already (since you're already in profit for buying at $25k) or keep holding? What do you prefer? Keep in mind that when you deposit your money in bank, the interest is too low that you can't even feel it.

bitzizzix
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November 30, 2023, 01:44:14 AM
 #98

When the price of Bitcoin reached $38K I thought I would sell my investment but I didn't sell my investment yet hoping for something better. Thinking whether to sell the investment or not I thought I should share the matter in the forum and I will get the best solution from the forum that's why I am sharing the matter in the forum whether I should hold on to my investment or sell it now.  
I don't need the money anyway, if I sell my investment now I have to deposit this money in the bank again.
It's normal to have worries when you invest your money. But what you think is the wise decision at this time that can give you peace of mind? Because you're the only one who can decide for yourself.

Majority of people here are a Bitcoin investors, quite obvious what would be their advice. Anyway, ask yourself if is it good to sell already (since you're already in profit for buying at $25k) or keep holding? What do you prefer? Keep in mind that when you deposit your money in bank, the interest is too low that you can't even feel it.
That's right, that's your decision and also your right, because what you invest is your own money. However, it's a good idea for you to think carefully, and the question is whether you don't know about halving yet because everyone or investors are waiting for that moment to sell and get extraordinary profits.
Although it is not yet known when the halving will occur, it will definitely happen. And it's just a matter of time and we just need to instill patience in ourselves so that we don't regret it just because of ordinary profits.
If you sell it now and keep it in the bank, the profits will be small and it will take a long time. Think carefully and don't panic, it's best to look for accurate information regarding the future or price of Bitcoin in the long term and that will make you feel optimistic and more enthusiastic about collecting Bitcoin before the price rises even higher.
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November 30, 2023, 02:55:08 AM
 #99

Actually on your question, you are hearing a lot about bitcoin investment or someone shares with you about a potential option and you decide to take action after doing your own research about it. I think that's good, but you have to build your investment strategy and plan? You will wonder if that amount of savings will earn interest in 1 year, 5 years or 10 years? Or when you withdraw that savings to invest in bitcoin, how do you set your profit target? you need to determine that. It's yours! when you think it is enough and you are satisfied, then your decision will be right.
Of course you have to do your own research to be able to decide to invest, because if we only hear from other people, of course we will make the wrong decision about the investment we make. After we do the research, of course we will understand well and will also know when the time is right. to be able to make an investment and also have to hold it for a long period of time to be able to enjoy the profits obtained from the investment.

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November 30, 2023, 04:29:20 AM
 #100


First of all I'm a small bitcoin investor, and I'm not too old to invest so this is the beginning of my investment.
it is good for you to start investing  and since you are still young ? try to extend more and more mate because your investment will bring you more success in the long run ,
just trust your guts since I can smell you believing in bitcoin and the technology behind this .
Quote
I don't need the money anyway, if I sell my investment now I have to deposit this money in the bank again.
You have no need to ask us the question , because you are clear of not needing the money for now so why just let it there for longer time?
try to look back next year and if you are not contented to what will bring you ? then try more again in the coming years.

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November 30, 2023, 10:46:37 AM
 #101

Why are you having sleepless night because you invested in bitcoin, since you were not ready to buy bitcoin then you shouldn't have bought it so that you don't put yourself into this tension that you are in. Bitcoin price is doing well and if you sell off and keep the money in the back, then maybe that is when you will have rest of mind so I will advice you to do what will give you rest of mind rather than worries. You should also remember that fiat depreciates with time. I have my bitcoin investment and I am pleased with leaving it for a very long period of time.

R


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November 30, 2023, 12:03:37 PM
 #102

Why are you having sleepless night because you invested in bitcoin, since you were not ready to buy bitcoin then you shouldn't have bought it so that you don't put yourself into this tension that you are in. Bitcoin price is doing well and if you sell off and keep the money in the back, then maybe that is when you will have rest of mind so I will advice you to do what will give you rest of mind rather than worries. You should also remember that fiat depreciates with time. I have my bitcoin investment and I am pleased with leaving it for a very long period of time.

If you have advised him to do what he feels most comfortable with then you don't need to say this. Furthermore, that amount is only worth $152, so the loss of fiat value won't affect him much. You shouldn't make him more stressed.

In my opinion, he should learn more about bitcoin to understand it better and then he will make his own decision, whether to continue holding bitcoin or exchange it for fiat currency. Bitcoin is really good when its holders understand it, but if they don't understand anything about it, it's best for them not to invest in bitcoin because investing in bitcoin, in addition to bringing profits, also has risks involved.



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November 30, 2023, 12:31:49 PM
 #103

Why are you having sleepless night because you invested in bitcoin, since you were not ready to buy bitcoin then you shouldn't have bought it so that you don't put yourself into this tension that you are in. Bitcoin price is doing well and if you sell off and keep the money in the back, then maybe that is when you will have rest of mind so I will advice you to do what will give you rest of mind rather than worries. You should also remember that fiat depreciates with time. I have my bitcoin investment and I am pleased with leaving it for a very long period of time.

If you have advised him to do what he feels most comfortable with then you don't need to say this. Furthermore, that amount is only worth $152, so the loss of fiat value won't affect him much. You shouldn't make him more stressed.

In my opinion, he should learn more about bitcoin to understand it better and then he will make his own decision, whether to continue holding bitcoin or exchange it for fiat currency. Bitcoin is really good when its holders understand it, but if they don't understand anything about it, it's best for them not to invest in bitcoin because investing in bitcoin, in addition to bringing profits, also has risks involved.
Not really that bad to make some sell because if his mind and emotion do really tells him on doing so then it would be better on following that one because if you are really that following on someones advise and it do ends up for it to be bad or negative then for sure  you would really be having that regret or would really be blaming out someone on the advise that they do give because it didnt turn out to be good.
This is why if you do make out investment then it would really be that better that you should be following on the decision that you are making and not on others but its not bad to see some comments
for at least you do able to read up some insights.

If you've been able to make profits then its not bad to secure those profits and its better to secure it out than to lose those profits if ever the market would really be going down.
Basing up on the movement then it is been that long time that we are really moving that sideways and now that the price is trying to climb up gradually
then it isnt bad to snip out those profits and cherish it out to bring out that ease of mind.

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November 30, 2023, 02:21:50 PM
Merited by lizarder (1)
 #104

it is good for you to start investing  and since you are still young ? try to extend more and more mate because your investment will bring you more success in the long run ,
just trust your guts since I can smell you believing in bitcoin and the technology behind this .
Those who already believe in Bitcoin and the technology behind it are very worthy of investing in the long term because this has also been proven quite accurately by old investors who also believe in Bitcoin. So expanding or adding more investment in Bitcoin is not a wrong choice because it will be good enough for us as long as our way of life is never disturbed by it.

Quote
You have no need to ask us the question , because you are clear of not needing the money for now so why just let it there for longer time?
try to look back next year and if you are not contented to what will bring you ? then try more again in the coming years.
Next year is a pretty good opportunity for investors who started investing last year, because investors who dared to buy more last year will definitely have experienced extraordinary wins this year and there will be even more next year because of the potential and Better opportunities could also occur next year. So it's better not to ignore the opportunities that will occur in the next year so that we can all experience even more extraordinary benefits from Bitcoin.
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November 30, 2023, 03:22:03 PM
 #105

Those who already believe in Bitcoin and the technology behind it are very worthy of investing in the long term because this has also been proven quite accurately by old investors who also believe in Bitcoin. So expanding or adding more investment in Bitcoin is not a wrong choice because it will be good enough for us as long as our way of life is never disturbed by it.
Someone will be more motivated to increase Bitcoin's ownership after seeing how strong it has a positive effect on the capital value they place. Long -term has always been an option for many old and new investors, but when it can divide the long -term and short -term to generate profits will be much better. Depending on how to make a proportion of strategies for these two types because of the regular investment speaking which is considered how to seek the maximum profit.

Next year is a pretty good opportunity for investors who started investing last year, because investors who dared to buy more last year will definitely have experienced extraordinary wins this year and there will be even more next year because of the potential and Better opportunities could also occur next year. So it's better not to ignore the opportunities that will occur in the next year so that we can all experience even more extraordinary benefits from Bitcoin.
When they have a lot of capital, it might really take a big approach last year to surpass the huge profits from the capital spent. But luckily in Bitcoin has many ways to take an approach even though people don't have much capital. The DCA model begins to be enjoyed by many people, especially for those of us who do not have much money and this strategy has many advantages if used properly because it will provide opportunities for anyone to collect bitcoin.

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November 30, 2023, 04:46:03 PM
 #106

If you have advised him to do what he feels most comfortable with then you don't need to say this. Furthermore, that amount is only worth $152, so the loss of fiat value won't affect him much. You shouldn't make him more stressed.

In my opinion, he should learn more about bitcoin to understand it better and then he will make his own decision, whether to continue holding bitcoin or exchange it for fiat currency. Bitcoin is really good when its holders understand it, but if they don't understand anything about it, it's best for them not to invest in bitcoin because investing in bitcoin, in addition to bringing profits, also has risks involved.
I think it's something that should be not really all that important in the end based on what people are doing, I get that it may not be something that changes all the time but that doesn't mean that we are not going to have it changed eventually. I think it's quite clear that people are doing things that doesn't really matter to anyone, and should be considering the situation a bit more.

I think it should be important to realize that we are not going to end p with a profit if we keep fearing what it might do, we just need to keep on holding and trusting bitcoin, otherwise selling and getting out is not a profit making method, if you sold and got out, then you are out, but if you hold then at least you have a chance to make a profit.

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November 30, 2023, 10:57:05 PM
 #107

-snip-
When they have a lot of capital, it might really take a big approach last year to surpass the huge profits from the capital spent. But luckily in Bitcoin has many ways to take an approach even though people don't have much capital. The DCA model begins to be enjoyed by many people, especially for those of us who do not have much money and this strategy has many advantages if used properly because it will provide opportunities for anyone to collect bitcoin.
If the DCA strategy is used optimally and correctly, it will provide an opportunity to buy Bitcoin gradually with minimal money at hand.
For example, every week or every month, make a purchase and hold it for the long term.
Of course, this will accumulate more Bitcoin assets and the value will also increase if you start buying Bitcoin below the price of $ 20k.

By having a reserve fund it will also help, do the division or management of funds to buy gradually.
Diversify on potential altcoins such as ETH, BNB and others that have good development.
Besides being able to collect Bitcoin, we can also collect Altcoins that will follow the Bitcoin trend, this will provide 2 advantages.
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November 30, 2023, 11:47:26 PM
 #108

We all know that currently the price of Bitcoin is in a positive trend because bullish is getting closer, meaning that after this the price increase will continue to occur. My advice is to hold until bullishness arrives because the current price increase is still the beginning of a much higher price increase. I am sure that in the next bullish phase the price of bitcoin will at least reach $150k and if you sell now you will regret it.

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November 30, 2023, 11:58:32 PM
 #109

@OP it there is a simple answer to your question, if you have no faith in Bitcoin and you don't believe in its market cycle, then better to leave the market completely but before doing that, I suggest that you study about the Bitcoin market well, know its history specially its four year cycle.  You stated that you don't need the money yet, so I guess it won't do you any harm if you do some research and study before doing any final actions.

It is your money and it is for you to decide where to put it, but at least this time try to do your homework before finalizing your decision whether you sell or hold.
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December 01, 2023, 12:08:10 AM
 #110

First of all I'm a small bitcoin investor, and I'm not too old to invest so this is the beginning of my investment.
You should not be worried about the small bitcoin investment you made in bitcoin today because, as time goes on, it will grow to be a huge return for you. All you need to do is be patient enough and have a long-term investing plan.

If you are familiar with the history of bitcoin price and its early adopters, you would have been probably aware that the majority of its Investors invested small amount of their own money in bitcoin, and those who hodl it for a long time benefited from the long-term gains that bitcoin generates for its holders. ​

As at the time this post was written, you don't need money, so hold onto your bitcoin tightly. In case of any time you need money, just sell some part of your bitcoin investment and hodl the rest. Never forget that bitcoin investments haven't stopped anyone from buying when they have spare money to invest.

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December 01, 2023, 04:04:40 AM
 #111

since you mentioned to not needing the funds for now so why not just keep your coins mate? I believe that you are capable of being a HODLER for at least another years more?
like me that I only withdraw when there is a badly needed and my crypto needs to be converted to cash and spend while waiting for another halving or bullrun.









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December 01, 2023, 04:39:39 AM
 #112

When the price of Bitcoin reached $38K I thought I would sell my investment but I didn't sell my investment yet hoping for something better. Thinking whether to sell the investment or not I thought I should share the matter in the forum and I will get the best solution from the forum that's why I am sharing the matter in the forum whether I should hold on to my investment or sell it now.  
I don't need the money anyway, if I sell my investment now I have to deposit this money in the bank again.
Selling will earn profits and if you decide to hold it can also generate huge returns at the next ATH. You mentioned not needing the money which means holding would be a good strategy, but it is important to know whether you have a strategy of buying at certain times or only buying when you have the money. Why this question important is because when you are in Bitcoin the steps you take must be appropriate. For example, between selling and buying because to collect Bitcoin you not only have to use a decreasing strategy, but there are other ways you can optimize it further.

When we don't try to buy consistently then our bitcoin holdings will never increase, therefore apart from thinking about selling we also need to look at the right time and strategy for collecting them. Your knowledge about bitcoin may not be fully mature because what you write shows the attitude of your involvement in it, so you need deeper knowledge so that you understand how to sell, buy and use the right strategy for the steps.

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December 01, 2023, 05:53:46 AM
 #113

Keep it mate, you have more time to HODL  and you are lucky because you seems to be
not in need of your funds while many of us are struggling how to keep their bitcoin long because of emergency
cases that had to convert their coins badly.
since you mentioned to not needing the funds for now so why not just keep your coins mate? I believe that you are capable of being a HODLER for at least another years more?
like me that I only withdraw when there is a badly needed and my crypto needs to be converted to cash and spend while waiting for another halving or bullrun.
that is exactly my point mate, keeping bitcoin longer while we are not in need is the better solution.

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December 01, 2023, 06:35:53 AM
 #114

I should hold on to my investment or sell it now.  
Decisions about investing should be made through your own research, not based on advice from anyone. Moreover, if you have taken the right first steps by studying it first before deciding to buy, then when you want to sell it, you must also base it on your own research so that there will be no regrets. Usually investors will set a target, for example how long they will keep it or at what price they will sell it and sticking to the target that was initially set is a good thing in investing.

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December 01, 2023, 08:32:50 AM
 #115

Why are you having sleepless night because you invested in bitcoin, since you were not ready to buy bitcoin then you shouldn't have bought it so that you don't put yourself into this tension that you are in. Bitcoin price is doing well and if you sell off and keep the money in the back, then maybe that is when you will have rest of mind so I will advice you to do what will give you rest of mind rather than worries. You should also remember that fiat depreciates with time. I have my bitcoin investment and I am pleased with leaving it for a very long period of time.

If you have advised him to do what he feels most comfortable with then you don't need to say this. Furthermore, that amount is only worth $152, so the loss of fiat value won't affect him much. You shouldn't make him more stressed.

In my opinion, he should learn more about bitcoin to understand it better and then he will make his own decision, whether to continue holding bitcoin or exchange it for fiat currency. Bitcoin is really good when its holders understand it, but if they don't understand anything about it, it's best for them not to invest in bitcoin because investing in bitcoin, in addition to bringing profits, also has risks involved.
Not really that bad to make some sell because if his mind and emotion do really tells him on doing so then it would be better on following that one because if you are really that following on someones advise and it do ends up for it to be bad or negative then for sure  you would really be having that regret or would really be blaming out someone on the advise that they do give because it didnt turn out to be good.
This is why if you do make out investment then it would really be that better that you should be following on the decision that you are making and not on others but its not bad to see some comments
for at least you do able to read up some insights.

If you've been able to make profits then its not bad to secure those profits and its better to secure it out than to lose those profits if ever the market would really be going down.
Basing up on the movement then it is been that long time that we are really moving that sideways and now that the price is trying to climb up gradually
then it isnt bad to snip out those profits and cherish it out to bring out that ease of mind.

One thing I see many bitcoin investors are forgetting is that "taking profits is never wrong". Many people gradually become too greedy and set goals that are too far away that they are not even sure about. Although the future potential of bitcoin is still huge, we are not sure about it and everyone has their own plans. As long as we are happy with what we have, there is nothing wrong with taking profits or selling bitcoin now.

The opportunity to invest in bitcoin and make profits will always be there for us as long as bitcoin still exists. This is not a one-time opportunity so we should stick to our plan and make decisions according to our circumstances. Don't force yourself to do things that you don't feel comfortable with.



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Rainbot
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December 01, 2023, 09:29:39 AM
 #116

Well I think we are going to start a 'bull market' very soon now. So this is not a good time for you to sell your Bitcoin. Just continue to hodl it and more profits will come when we have another halving in 2024.

If you do not want to listen to that then listen to MicroStrategy. They just bought another $600 Million worth of Bitcoin around 16,000 more. I am always more 'bullish' when people like that begin to buy more.

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December 01, 2023, 05:48:55 PM
 #117

Why are you having sleepless night because you invested in bitcoin, since you were not ready to buy bitcoin then you shouldn't have bought it so that you don't put yourself into this tension that you are in. Bitcoin price is doing well and if you sell off and keep the money in the back, then maybe that is when you will have rest of mind so I will advice you to do what will give you rest of mind rather than worries. You should also remember that fiat depreciates with time. I have my bitcoin investment and I am pleased with leaving it for a very long period of time.

My advise to him will always be for him to hold it instead of selling it. Bitcoin will continue to increase in value in the years to come due to the level at which people will continue to move towards the direction of digital currency in the future. Hence, the a need for one to continue to invest in cryptocurrency.

Although one may argue that they are solely entitled to whatever decision they make in terms of their financial life, however, there is this beautiful feeling of achievement that comes when you can control your financial expenses and whenever you are able to record laudable financial growth.


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December 02, 2023, 09:46:02 AM
 #118

Well I think we are going to start a 'bull market' very soon now. So this is not a good time for you to sell your Bitcoin. Just continue to hodl it and more profits will come when we have another halving in 2024.

If you do not want to listen to that then listen to MicroStrategy. They just bought another $600 Million worth of Bitcoin around 16,000 more. I am always more 'bullish' when people like that begin to buy more.

The best time to sell is when we have achieved our goals and are satisfied with the profits. So, if OP is already profitable, has completed the plan, and needs money for other things, this is still a good time to sell. Furthermore, I see OP is not too sure about his investment, he is still skeptical about bitcoin. That's not good for his long-term investment, so selling is good for him.

The upcoming bull market doesn't mean there won't be any more big drops. If he doesn't have enough confidence in bitcoin, he will sell at a loss when a correction occurs, so selling now isn't too bad for him.

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December 02, 2023, 11:48:34 AM
 #119

Why are you having sleepless night because you invested in bitcoin, since you were not ready to buy bitcoin then you shouldn't have bought it so that you don't put yourself into this tension that you are in. Bitcoin price is doing well and if you sell off and keep the money in the back, then maybe that is when you will have rest of mind so I will advice you to do what will give you rest of mind rather than worries. You should also remember that fiat depreciates with time. I have my bitcoin investment and I am pleased with leaving it for a very long period of time.

My advise to him will always be for him to hold it instead of selling it. Bitcoin will continue to increase in value in the years to come due to the level at which people will continue to move towards the direction of digital currency in the future. Hence, the a need for one to continue to invest in cryptocurrency.

Although one may argue that they are solely entitled to whatever decision they make in terms of their financial life, however, there is this beautiful feeling of achievement that comes when you can control your financial expenses and whenever you are able to record laudable financial growth.


If you dont need money then holding would be the best choice and its a stress free kind of situation but if you do want to maximize possible profitability then you could really be able to make money with those buy low sell high kind of strategy but it would really be that so simple and it would really be taking so much time and patience on this thing and its not really for anyone but if you could really be able to do such thing then it would be your choice. I do agree on others people been saying that it would really be just that depending into your own choice because its your money then if you do see that you are making money
then its not a bad idea to secure those profits but if you are really that holding for long then holding will be the best choice.

Sell it if you do feel on doing it, same goes for holding since each one of us does have that kind of preference when it comes to things, so it would be just that a normal
approach.

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December 02, 2023, 02:19:44 PM
 #120

 
I don't need the money anyway, if I sell my investment now I have to deposit this money in the bank again.
Particularly for this remark, I advise you to leave the money and let it earn more for you. Everything about Bitcoin is all positive now, so you do not have any reason to rush, and when you are lucky enough to had struck the market at a lower price that is more favourable, there should not panic in holding it as long as your equity sustains it. If it were to be last year, 2 and 3 years ago, I would have told you to liquidate your position. But this time, there are more expectations for bullish movements, and since you do not have any immediate need for the money as claimed, why not contiue to hold it and make more money? Can you imagine what you would have with the same position if you left it for months and Bitcoin moved back to its ATH or even higher?

The choice is yours, but if I were you, I would definitely leave the money there.

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December 03, 2023, 02:59:26 AM
 #121

I don't know why you and the OP like to rely on other people's advice about selling or holding your bitcoins. But for me, when investing I have my plan and I will always follow it. Second, only I understand what situation I am in, what I need and what I want. So only I know which option is best for me. People only give advice based on your story, they are not you and are not in your situation. How can they know what you are thinking and what you want?

Sometimes people wants advise because they have no knowledge about market therefore they conclude from the decisions of others and then take further action. It doesn't mean that do whatever other says but it means that use a concluded mixture of decision instead of preferring only a single decision. The situation of every person is different but taking suggestions is not a bad thing but it helps individuals to overcome hurdles by watching to his condition as well as suggestions of others. Other can only give you suggestions but cannot force you to must to the suggested advice therefore positive thoughts sometimes make you an expert trader.



 

 

 

 

 

 


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December 03, 2023, 06:39:34 AM
Merited by Alpha Marine (3)
 #122

Thinking whether to sell the investment or not I thought I should share the matter in the forum and I will get the best solution from the forum that's why I am sharing the matter in the forum whether I should hold on to my investment or sell it now.  
I don't need the money anyway, if I sell my investment now I have to deposit this money in the bank again.
Keep Hodling in the nearest future Bitcoin will definitely surpass it's current price but just before than there will be a slight drop in price but I doubt if it will go below $25k again, since you wouldn't be needing the funds anytime soon, instead of leaving it idle in the Bank it will be good if you keep Hodling till after the bull run by 2025 they you can sell and be sure to make good profit from your investment, at that time regardless of you needing the money or not it will be in your best interest to sell and rather invest in another business, that way you stay optimal with your investment and ROI and in less than no time it will turn out you must have accumulated multiple investments.

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December 03, 2023, 08:04:26 AM
 #123

Thinking whether to sell the investment or not I thought I should share the matter in the forum and I will get the best solution from the forum that's why I am sharing the matter in the forum whether I should hold on to my investment or sell it now.  
I don't need the money anyway, if I sell my investment now I have to deposit this money in the bank again.
Keep Hodling in the nearest future Bitcoin will definitely surpass it's current price but just before than there will be a slight drop in price but I doubt if it will go below $25k again, since you wouldn't be needing the funds anytime soon, instead of leaving it idle in the Bank it will be good if you keep Hodling till after the bull run by 2025 they you can sell and be sure to make good profit from your investment, at that time regardless of you needing the money or not it will be in your best interest to sell and rather invest in another business, that way you stay optimal with your investment and ROI and in less than no time it will turn out you must have accumulated multiple investments.
There is nothing certain about the movement of Bitcoin but we can see a brighter future with all the speculation and huge possibilities so I think there is nothing to worry about.
Regarding continuing to hold or reselling based on needs and desires, we cannot control what will happen in real life but for reasons of panic and the possibility of greater profits I am sure all Bitcoin holders in particular have the same belief now.
Throughout this year we continue to see a positive trend and it is beyond many people's expectations, the halving will happen in the near future and many people predict that we will see better prices, so why should we hesitate about that.

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December 03, 2023, 09:57:31 AM
 #124

It's understandable to experience anxiety or sleepless nights when the value of your investments fluctuates significantly. If you're not comfortable with the volatility of Bitcoin, it might be wise to reconsider your investment strategy. Perhaps a more diversified portfolio that includes less volatile assets would be a better fit for your risk tolerance.

Selling your Bitcoin and keeping the money in the bank might provide you with peace of mind in the short term, but it also means missing out on potential long-term gains. Bitcoin has a history of significant price appreciation over time, and those who have held their investments for the long term have generally been rewarded. Remember, investing should be a source of empowerment and financial security, not stress and anxiety.

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December 03, 2023, 12:45:52 PM
 #125

Thinking whether to sell the investment or not I thought I should share the matter in the forum and I will get the best solution from the forum that's why I am sharing the matter in the forum whether I should hold on to my investment or sell it now.  
I don't need the money anyway, if I sell my investment now I have to deposit this money in the bank again.
Keep Hodling in the nearest future Bitcoin will definitely surpass it's current price but just before than there will be a slight drop in price but I doubt if it will go below $25k again, since you wouldn't be needing the funds anytime soon, instead of leaving it idle in the Bank it will be good if you keep Hodling till after the bull run by 2025 they you can sell and be sure to make good profit from your investment, at that time regardless of you needing the money or not it will be in your best interest to sell and rather invest in another business, that way you stay optimal with your investment and ROI and in less than no time it will turn out you must have accumulated multiple investments.
There is nothing certain about the movement of Bitcoin but we can see a brighter future with all the speculation and huge possibilities so I think there is nothing to worry about.
Regarding continuing to hold or reselling based on needs and desires, we cannot control what will happen in real life but for reasons of panic and the possibility of greater profits I am sure all Bitcoin holders in particular have the same belief now.
Throughout this year we continue to see a positive trend and it is beyond many people's expectations, the halving will happen in the near future and many people predict that we will see better prices, so why should we hesitate about that.
All matters with risks taking or risk factor on which a certain person or investor would really be that having whether they would really be that going forward or would really be that securing profits.
Just like on what been said that everything would really be that depending on someones risk management because not all would really be having the risks on making decisions in regarding to this.
Cant really deny that it do really boggles up our mind on the time that we are winning on which it would really makes us tempted to sell out when we do see gains on which it is really just that normal
since we do really give out importance on making profits in the first place. So taking it early wont really be that a bad idea either. So its a personal choice of op
whether he would really be taking profits early or not.

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December 03, 2023, 03:47:45 PM
Merited by iamsange (1)
 #126

It's understandable to experience anxiety or sleepless nights when the value of your investments fluctuates significantly. If you're not comfortable with the volatility of Bitcoin, it might be wise to reconsider your investment strategy. Perhaps a more diversified portfolio that includes less volatile assets would be a better fit for your risk tolerance.
I think that currently there are no investors who are not happy with their investment in Bitcoin because those who are still saving and holding Bitcoin very well up to now must have seen quite good profits through the amount of investment they have made. Because the price increase is starting to look so significant that holders don't need to worry about this, moreover this is quite a good thing for those who still believe in Bitcoin. Meanwhile, those who are still too afraid of risk and prefer assets that do not change easily in the market will not get maximum profits at this time.

Quote
Selling your Bitcoin and keeping the money in the bank might provide you with peace of mind in the short term, but it also means missing out on potential long-term gains. Bitcoin has a history of significant price appreciation over time, and those who have held their investments for the long term have generally been rewarded. Remember, investing should be a source of empowerment and financial security, not stress and anxiety.
That is quite appropriate to say at this time to those who are still stressed and still feel anxious about the potential profits from Bitcoin. So it wouldn't be wrong for you to tell them to stop investing and withdraw their money back to the bank, although in my opinion this is not a good enough solution for anyone to implement. Because almost everyone is currently taking advantage of this quite positive moment for profit or to restore the value of their assets which was reduced due to the decline in prices last year.

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December 03, 2023, 05:36:40 PM
 #127

Op never replied. Oh well.

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December 04, 2023, 08:39:32 AM
 #128

Why are you having sleepless night because you invested in bitcoin, since you were not ready to buy bitcoin then you shouldn't have bought it so that you don't put yourself into this tension that you are in. Bitcoin price is doing well and if you sell off and keep the money in the back, then maybe that is when you will have rest of mind so I will advice you to do what will give you rest of mind rather than worries. You should also remember that fiat depreciates with time. I have my bitcoin investment and I am pleased with leaving it for a very long period of time.
Investing in bitcoin has a lot of risks, and that includes dropping its price when you least expect it. So most probably, OP is just worried that his investment might not work and his capital will not grow unlike other investors have experienced. Its actually normal for beginner investors but as you get used to the market's volatility, you will realized that there is less to worry about while seeing bitcoin has a lot of potentials to grow and become more valuable.

This is the reason why one should never invest more than he can afford to lose. Investment is a business, there are times you fall down and lose, and there are times you go up and win. So always invest within your risk.

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December 04, 2023, 10:31:47 AM
 #129

Op, if you had invested your hard-earned then you got it wrong in the first place, investment into digital assets like Bitcoin is done with the money you can spare to avoid attaching emotions into your investment, you are lucky that you entered the market in the right time or when the market is going in your favor, else you would have learned some lessons by now and your savings would have tanked if we were to be in a bear market. However, you still have the opportunity to pull out of the market and only keep the amount you can be patient with,  that is an amount you can afford to lose because Bitcoin isn't a get-rich-quick business, it requires some amount of time “HODL” to get positive results.


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December 04, 2023, 11:06:46 AM
 #130

Op never replied. Oh well.

or maybe he is busy checking the Campaign applications lol


▶️ You must have minimum 50 merits in the last 120 days
I think you should withdraw this application because only those who have minimum 50+ merit in 120 days can apply in this campaign.

instead of replying in his own thread here .

But  for me personally , I don't think that there is a need to sell because he seems not to be needing the money for now so why not continue holding till the bull comes or even more longer .

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December 04, 2023, 12:27:29 PM
 #131

It's understandable to experience anxiety or sleepless nights when the value of your investments fluctuates significantly. If you're not comfortable with the volatility of Bitcoin, it might be wise to reconsider your investment strategy. Perhaps a more diversified portfolio that includes less volatile assets would be a better fit for your risk tolerance.
try not to be affected on how? maybe stop checking your folio when the market is not in good shape, because on that? you will forget to feel that bad for a while and yeah wait for your turn to earn.
Quote
Selling your Bitcoin and keeping the money in the bank might provide you with peace of mind in the short term, but it also means missing out on potential long-term gains. Bitcoin has a history of significant price appreciation over time, and those who have held their investments for the long term have generally been rewarded. Remember, investing should be a source of empowerment and financial security, not stress and anxiety.
lol , you are in Bitcoin forum but you are advising people to invest or leave their money in bank? are you serious about this ?
we are here to support and to invest bitcoin and BS bank must not be in any table here.

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December 04, 2023, 07:48:48 PM
 #132

It's understandable to experience anxiety or sleepless nights when the value of your investments fluctuates significantly. If you're not comfortable with the volatility of Bitcoin, it might be wise to reconsider your investment strategy. Perhaps a more diversified portfolio that includes less volatile assets would be a better fit for your risk tolerance.

Selling your Bitcoin and keeping the money in the bank might provide you with peace of mind in the short term, but it also means missing out on potential long-term gains. Bitcoin has a history of significant price appreciation over time, and those who have held their investments for the long term have generally been rewarded. Remember, investing should be a source of empowerment and financial security, not stress and anxiety.
Believe me, the regret when you see the price going up very high after you have sold early is more painful and makes you more restless than seeing the value of your assets or portfolio fluctuate, and I say that with experience and that's why I always recommend people to not panic after seeing short-term downfalls of Bitcoin or the market because once it goes up, you will have your wounds healed up pretty quick and the pleasure when you see your portfolio gaining value is extremely sweet.

Those who sell early, even if they have got a lot of profit based on when they made their purchases, will still regret their decisions when they see the highest prices of the cryptocurrencies they once had but sold them. If you have bought Bitcoin at $20k and then sold it at $40k but then you see Bitcoin hitting $100k during the bull run, how would you feel?

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December 05, 2023, 01:35:36 AM
 #133

It's understandable to experience anxiety or sleepless nights when the value of your investments fluctuates significantly. If you're not comfortable with the volatility of Bitcoin, it might be wise to reconsider your investment strategy. Perhaps a more diversified portfolio that includes less volatile assets would be a better fit for your risk tolerance.

Selling your Bitcoin and keeping the money in the bank might provide you with peace of mind in the short term, but it also means missing out on potential long-term gains. Bitcoin has a history of significant price appreciation over time, and those who have held their investments for the long term have generally been rewarded. Remember, investing should be a source of empowerment and financial security, not stress and anxiety.
He has taken a good opportunity at Bitcoin and I think that regarding votalities is not a problem when he understands Bitcoin's journey. There are almost many forms of investment that involve risks and although the price of Bitcoin is far more fluctuating and can change so fast, but there is certainty regarding the risks he takes because it considers the tolerance of other investments also does not necessarily have no risks

Selling bitcoin and saving money at the bank is also quite risky because we never know how when the bank experiences bankruptcy they are willing to pay our money even though the chance is small. Storing money in a bank is also unproductive because we will see its value which will continue to decrease for each year and in the long run the money also cannot benefit because we put money in an unproductive place to make a profit. The risk will still have a comparable return value if done correctly and when someone does not dare to take risks, then the opportunity to produce maximum profits will be difficult to achieve.

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December 05, 2023, 05:03:23 PM
 #134

Those who sell early, even if they have got a lot of profit based on when they made their purchases, will still regret their decisions when they see the highest prices of the cryptocurrencies they once had but sold them. If you have bought Bitcoin at $20k and then sold it at $40k but then you see Bitcoin hitting $100k during the bull run, how would you feel?
Yeah, as we can see how it is going up day by day, the answer is simple, you should keep holding as long as you can. Life is sad sometimes and you end up with a problem where you are forced to sell, unless something like that happens to you and you have the possibility of holding without worrying about money then I would say holding it is a lot more important.

I guess it is going to end up with something that will end up with an issue that has to be a little bit harder to handle. I know that it is going to be a bit of a trouble, because you will worry about the volatility when it goes down time to time but I am certain that the long term result will be that it will keep going up more and more for the near future and not go down much.
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December 05, 2023, 07:07:33 PM
 #135

Those who sell early, even if they have got a lot of profit based on when they made their purchases, will still regret their decisions when they see the highest prices of the cryptocurrencies they once had but sold them. If you have bought Bitcoin at $20k and then sold it at $40k but then you see Bitcoin hitting $100k during the bull run, how would you feel?
Yeah, as we can see how it is going up day by day, the answer is simple, you should keep holding as long as you can. Life is sad sometimes and you end up with a problem where you are forced to sell, unless something like that happens to you and you have the possibility of holding without worrying about money then I would say holding it is a lot more important.

I guess it is going to end up with something that will end up with an issue that has to be a little bit harder to handle. I know that it is going to be a bit of a trouble, because you will worry about the volatility when it goes down time to time but I am certain that the long term result will be that it will keep going up more and more for the near future and not go down much.
As long you do need the money and as long those amounts are something that you could really be able to hold on for long term or something that it isnt really something that you could really be able to
or need to make use of then holding it further more would really be your best choice on this one because you could really be that able have the chance on earning even more if you do decide to hold
but we know that not all people would really be having that kind of situations on which they do really need to get those amount back for the sake of trying out to sustain their living or really need
that badly on the money that they are able to acquire via wins or what. In the end of the day then it would really be always depending or basing up into your own decisions.

R


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December 05, 2023, 10:10:18 PM
 #136

Sell if you don't mind for the upcoming bull season but if you think about another ATH, then help yourself to just hold on and wait for it.
I don't think it was a hard decision, as an experienced investor, we already know what is the best thing to do. It was just an option and some people made a decision to sell for some emergencies but it was not a problem as it was badly in need of money. But if we doing this because of the current pump, I don't think it was enough reason IMO.

Anyway, it is your money and you are the one who can decide. Well, just spend a few minutes thinking about it.

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December 06, 2023, 03:12:45 PM
 #137

From what you said, it shows that you don't have too much knowledge about bitcoin. So, first I recommend that you learn about the history and all the knowledge related to bitcoin, from there you will know whether you should continue to hold bitcoins or sell them.

My advice to you, bitcoin is a very good long-term investment. The longer you hold, the greater the reward you receive, but holding is not simple because of its volatility. That's why I ask you to improve your knowledge about bitcoin immediately instead of investing without knowledge like today.


Well, I agree, but maybe for some people it will be difficult, just investing without having any results from it other than an increase in value might be difficult, so I think some people buy Bitcoin and then sell it and open a business or something that can earn money every month.
from there you will buy back bitcoin or other crypto.

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December 06, 2023, 05:41:16 PM
 #138

Believe me, the regret when you see the price going up very high after you have sold early is more painful and makes you more restless than seeing the value of your assets or portfolio fluctuate, and I say that with experience and that's why I always recommend people to not panic after seeing short-term downfalls of Bitcoin or the market because once it goes up, you will have your wounds healed up pretty quick and the pleasure when you see your portfolio gaining value is extremely sweet.

Those who sell early, even if they have got a lot of profit based on when they made their purchases, will still regret their decisions when they see the highest prices of the cryptocurrencies they once had but sold them. If you have bought Bitcoin at $20k and then sold it at $40k but then you see Bitcoin hitting $100k during the bull run, how would you feel?

One who sold their asset earlier because of the thoughts that they will loss money if market goes down so when he see that market is going to increase day by day then this type of emotions are really sad for him. As we have seen bitcoin history so we should not rushes towards profit because the more you wait the more you will be profitable.

If someone get profit and sell their assets with profit then there is no need of regression but still human desires are incomplete always so they wishes that if they had huge profit than this then it will be better but a man always find an amount which is in his fate. If someone feel to regret for selling of bitcoin in past then he should remember that if he obtained benefit then don't be sad for it and try to be more profitable in future by buying more now.









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December 06, 2023, 05:56:46 PM
 #139

For OP, still do you hold your bitcoin right now or have been sold? current price bitcoin up $44k and first your post made bitcoin around $37k, maybe if still hold you can earn more profitable but I don't think you have excited selling when bitcoin on $37k or not. I don't think small investment above $172 current bitcoin rate if you sell today and more than 10% profitable based on your capital use for investing in bitcoin.
I hope you can buy back if sold btc fund but if you still not sell yet hold it until several months later and bitcoin will up more higher again.
If you still need money or not any urgent needed hold your bitcoin and sell it later when raising higher price, don't be afraid bitcoin will raise above $50k in short time.

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December 06, 2023, 09:29:52 PM
 #140

Op never replied. Oh well.
His last post was in Service board. He may forget that he has a thread in speculation board because there was something that caught his attention on the service board.  Undecided

Yeah, as we can see how it is going up day by day, the answer is simple, you should keep holding as long as you can. Life is sad sometimes and you end up with a problem where you are forced to sell, unless something like that happens to you and you have the possibility of holding without worrying about money then I would say holding it is a lot more important.
You don't need to hold it forever!! You need to understand the price cycle, so you know well when the best time for buying (entry) and selling (exit). Every investor must have a goal for their investment, just hold it until it reaches the goal. Most people must set a target for selling their Bitcoin above the last ATH. Since the last ATH is about $69k, most people probably sell their Bitcoin when the price will be around $70k-$100k.


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December 06, 2023, 09:52:21 PM
 #141

From what you said, it shows that you don't have too much knowledge about bitcoin. So, first I recommend that you learn about the history and all the knowledge related to bitcoin, from there you will know whether you should continue to hold bitcoins or sell them.

My advice to you, bitcoin is a very good long-term investment. The longer you hold, the greater the reward you receive, but holding is not simple because of its volatility. That's why I ask you to improve your knowledge about bitcoin immediately instead of investing without knowledge like today.


Well, I agree, but maybe for some people it will be difficult, just investing without having any results from it other than an increase in value might be difficult, so I think some people buy Bitcoin and then sell it and open a business or something that can earn money every month.
from there you will buy back bitcoin or other crypto.
At least they have a reason for selling their Bitcoin.
Well, of course, holding will be hard for impatient people and at the moment they will see they have earned some profit already, selling is always in their mind. Besides, we can't expect that everyone will hold long-term or see people sell after seeing a profit already. Perhaps, we have individual investment strategies and we can do whatever we want whether we hold long-term or short-term the most important is we earn money, not losses.

R


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December 06, 2023, 11:56:14 PM
Last edit: December 13, 2023, 04:32:38 PM by coupable
 #142

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December 07, 2023, 04:19:57 AM
 #143

Quote from: Franctoshi
Op, if you had invested your hard-earned then you got it wrong in the first place, investment into digital assets like Bitcoin is done with the money you can spare to avoid attaching emotions into your investment, you are lucky that you entered the market in the right time or when the market is going in your favor, else you would have learned some lessons by now and your savings would have tanked if we were to be in a bear market. However, you still have the opportunity to pull out of the market and only keep the amount you can be patient with,  that is an amount you can afford to lose because Bitcoin isn't a get-rich-quick business, it requires some amount of time “HODL” to get positive results.

It depends the price you bought your Bitcoin from, because if you bought your Bitcoin when the price was $17,271 early this year and hold till this time, I believe you can sell to make a good income from your investment, because anything can happen to the market that will make the price to return back to $20,000 or #17,000. Since you didn't borrow the money to invest in Bitcoin, it will be favourable if you can endure in this season to hold and watch for the price to roll into $80,000 next year before you can release your Bitcoin to achieve passive income. Now that the price of Bitcoin has crossed $43,891 in this month of December, it show that anything can happen any moment from now for investors to release their coins they are holding for a long period of time to smile.

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December 07, 2023, 05:28:36 PM
 #144

Quote from: Franctoshi
Op, if you had invested your hard-earned then you got it wrong in the first place, investment into digital assets like Bitcoin is done with the money you can spare to avoid attaching emotions into your investment, you are lucky that you entered the market in the right time or when the market is going in your favor, else you would have learned some lessons by now and your savings would have tanked if we were to be in a bear market. However, you still have the opportunity to pull out of the market and only keep the amount you can be patient with,  that is an amount you can afford to lose because Bitcoin isn't a get-rich-quick business, it requires some amount of time “HODL” to get positive results.

It depends the price you bought your Bitcoin from, because if you bought your Bitcoin when the price was $17,271 early this year and hold till this time, I believe you can sell to make a good income from your investment, because anything can happen to the market that will make the price to return back to $20,000 or #17,000. Since you didn't borrow the money to invest in Bitcoin, it will be favourable if you can endure in this season to hold and watch for the price to roll into $80,000 next year before you can release your Bitcoin to achieve passive income. Now that the price of Bitcoin has crossed $43,891 in this month of December, it show that anything can happen any moment from now for investors to release their coins they are holding for a long period of time to smile.
Taking up profits would really be that entirely be depending on you since not all would really be that going for long term on which they would really be securing out their profits on the time that they've seen that they are really that in gain. Even myself would really be definitely be doing that but of course there are people who doesnt really care since  they are really that going for  long term approach on which it is really just that normal
that people will be making out different actions basing up with the similar situation or scenario on which whether we do hold or we do sell out. It would really be that always according into someones preference on whatever action that he would really be tending to do so.

Each one of us does have the right on whatever things that we would really be wanting to do and its up to ours whether we would really be that focusing on short term basis or would really be going for long term ones.
Actions would be made will really be that entirely be varying on how you would really be that liking to make out actions basing up on the things that you do really have in mind.
Investment could neither be short term or long term on which it would really vary.

R


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December 08, 2023, 12:21:52 PM
 #145


First of all I'm a small bitcoin investor, and I'm not too old to invest so this is the beginning of my investment.


if you call your self as investor then you should know that you must be a Holder then because Holding takes time and that is what investment is all about.
because if you call it Holding then that is a different approach so better decide.
also better HODL in our time now , selling is never be an option when Bull run is happening and yes we are still in bullying market.

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December 08, 2023, 12:53:23 PM
 #146

It depends the price you bought your Bitcoin from, because if you bought your Bitcoin when the price was $17,271 early this year and hold till this time, I believe you can sell to make a good income from your investment, because anything can happen to the market that will make the price to return back to $20,000 or #17,000. Since you didn't borrow the money to invest in Bitcoin, it will be favourable if you can endure in this season to hold and watch for the price to roll into $80,000 next year before you can release your Bitcoin to achieve passive income. Now that the price of Bitcoin has crossed $43,891 in this month of December, it show that anything can happen any moment from now for investors to release their coins they are holding for a long period of time to smile.
Indeed, no one can guarantee that when we choose to invest in Bitcoin, if the target we set has been achieved, it would be better for us to take a little profit to be able to enjoy it and also this depends on us. If we don't want anything, I think we can hold it for the price. which is more profitable for us from the investment. When we look at the recent price movement, it has reached $44 and I think this price will continue to move and if we can hold it we will get a lot of profit.
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December 08, 2023, 01:22:11 PM
Merited by Dailyscript (1)
 #147

It depends the price you bought your Bitcoin from, because if you bought your Bitcoin when the price was $17,271 early this year and hold till this time, I believe you can sell to make a good income from your investment, because anything can happen to the market that will make the price to return back to $20,000 or #17,000. Since you didn't borrow the money to invest in Bitcoin, it will be favourable if you can endure in this season to hold and watch for the price to roll into $80,000 next year before you can release your Bitcoin to achieve passive income. Now that the price of Bitcoin has crossed $43,891 in this month of December, it show that anything can happen any moment from now for investors to release their coins they are holding for a long period of time to smile.
Indeed, no one can guarantee that when we choose to invest in Bitcoin, if the target we set has been achieved, it would be better for us to take a little profit to be able to enjoy it and also this depends on us. If we don't want anything, I think we can hold it for the price. which is more profitable for us from the investment. When we look at the recent price movement, it has reached $44 and I think this price will continue to move and if we can hold it we will get a lot of profit.
I totally agree with you on this. Before starting an investment a person would have map out his goals and target. It might be monthly goals or yearly goals depending how long he wants to go on the investment, And it is good that when you have reach your target and the amount of profit you had in mind has been reached, that's the right time to take your profit.  Even if there are more chances that the investment profit would appreciate if you give it more time but there are still chances that it will depreciate. So since the first goal has been achieved we should not allow greed to make us wait because if we lose it we will regret that after all this time what we go nothing. That would be very heart breaking.

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December 08, 2023, 01:23:38 PM
 #148

if you call your self as investor then you should know that you must be a Holder then because Holding takes time and that is what investment is all about.
because if you call it Holding then that is a different approach so better decide.
also better HODL in our time now , selling is never be an option when Bull run is happening and yes we are still in bullying market.
Sometimes there are also people who misunderstand Holding so that its application can look different because applying Holding itself certainly takes time and is clearly not exactly the same as trading where traders only keep it on the exchange for a while before they sell it at a certain price point. For now, I also think that implementing Holding is still quite appropriate for many people because crypto market conditions are very different from a few months ago and there is a possibility that it will be even better at the beginning of next year.

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December 08, 2023, 04:49:45 PM
 #149

if you call your self as investor then you should know that you must be a Holder then because Holding takes time and that is what investment is all about.
because if you call it Holding then that is a different approach so better decide.
also better HODL in our time now , selling is never be an option when Bull run is happening and yes we are still in bullying market.
Sometimes there are also people who misunderstand Holding so that its application can look different because applying Holding itself certainly takes time and is clearly not exactly the same as trading where traders only keep it on the exchange for a while before they sell it at a certain price point. For now, I also think that implementing Holding is still quite appropriate for many people because crypto market conditions are very different from a few months ago and there is a possibility that it will be even better at the beginning of next year.
Actually, our patience and mentality are not only tested when experiencing losses, but when experiencing an increase in the portfolio it is also a test of our spread to continue holding or not. If we plan something then we must stick to our commitment at the beginning.

Bitcoin is doing well right now and anyone who invested a few months ago has certainly seen an increase in their portfolio. It's still halfway back to its last ATH and I'm sure it will surpass its previous ATH. So holding and surviving in this situation would be better. Keep holding.

R


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December 08, 2023, 05:55:29 PM
 #150

Actually, our patience and mentality are not only tested when experiencing losses, but when experiencing an increase in the portfolio it is also a test of our spread to continue holding or not. If we plan something then we must stick to our commitment at the beginning.
Sticking to the initial commitment is a good course of action, but there are some traders who are too weak and end up selling prematurely.
Even though you still get profits but not according to the original plan, then the market continues to be volatile and reaches the main target when you no longer hold any assets, this will only be a regret.

But there are also those who do not give up their ownership when the main target is achieved and want to be even higher, this has entered into a greedy state.

Bitcoin is doing well right now and anyone who invested a few months ago has certainly seen an increase in their portfolio. It's still halfway back to its last ATH and I'm sure it will surpass its previous ATH. So holding and surviving in this situation would be better. Keep holding.
Bitcoin still has a long way to go, many traders are speculating that Bitcoin will reach ATH $100k, of course there is still plenty of time to reach that price.
If you have started buying at under $20k, it is a very good opportunity, because it has provided quite a lot of profit.
So holding on to a new ATH is a long-term target right now.
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December 08, 2023, 06:22:51 PM
 #151


At least they have a reason for selling their Bitcoin.
Well, of course, holding will be hard for impatient people and at the moment they will see they have earned some profit already, selling is always in their mind. Besides, we can't expect that everyone will hold long-term or see people sell after seeing a profit already. Perhaps, we have individual investment strategies and we can do whatever we want whether we hold long-term or short-term the most important is we earn money, not losses.

The reason behind selling of bitcoin is if serious then selling of bitcoins is not a big issue because we are investing amount for only to use it when we need it. It totally depends on an investors thoughts if he find it difficult to hold bitcoin then he cannot hold longer therefore in such circumstances avoid further loss and sell if you have profit.

The main reason of Bitcoin's investment is to collect our money as well as extra amount in the form of reward so if we have a chance to find this condition then there is no loss but is happiness for you as you can easily take benefit from bitcoin. If someone is impatience then he should hold bitcoin till the duration at which he can at least earn some amount as a consequence of his investment.









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December 08, 2023, 10:58:04 PM
 #152

I am sharing the matter in the forum whether I should hold on to my investment or sell it now.
Keep hodling as you can because the future of bitcoin looks beautiful and you can't afford to lose from it. Selling now should be the last thing on your mind. Only a few months you have hodl bitcoin, you have seen how much profit it has brought to you. That's the advantage of hodling bitcoin for a long because the longer you hodl it, the more profits it brings to you. Keep hodling and don't sell until a specified price you wish to, is reached that you can comfortably sell your bitcoin for. Good luck to your hodling.

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justdimin
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December 09, 2023, 02:29:05 PM
 #153

The reason behind selling of bitcoin is if serious then selling of bitcoins is not a big issue because we are investing amount for only to use it when we need it. It totally depends on an investors thoughts if he find it difficult to hold bitcoin then he cannot hold longer therefore in such circumstances avoid further loss and sell if you have profit.

The main reason of Bitcoin's investment is to collect our money as well as extra amount in the form of reward so if we have a chance to find this condition then there is no loss but is happiness for you as you can easily take benefit from bitcoin. If someone is impatience then he should hold bitcoin till the duration at which he can at least earn some amount as a consequence of his investment.
That's the thing I do not understand by many people when they try to avoid selling it at all costs. My father is that kind of man, I understand saving and investing are important and OF COURSE you would rather not cash out, that's true and that's understandable. However, if something serious happens, then you should consider it, like if you need to have a surgery and you need to cash out 3 thousand dollars for it, if you try to avoid that, like find some sleazy doctor at corner alley type of place to pay 300 to do it, that would hurt you a lot more, or if you try to find the money some other way, like even make a debt, so you pay interest without need.

We save, because we fear we may need the money someday, and when that some day comes, we fear we are going to lose our money. Just realize that you need to spend that money because you saved it exactly for these days, that's the most important thing in life and you should be able to do that when you have the chance.

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December 09, 2023, 02:52:30 PM
 #154


First of all I'm a small bitcoin investor, and I'm not too old to invest so this is the beginning of my investment.

if you call your self as investor then you should know that you must be a Holder then because Holding takes time and that is what investment is all about.
because if you call it Holding then that is a different approach so better decide.
also better HODL in our time now , selling is never be an option when Bull run is happening and yes we are still in bullying market.

The bull run is actually not total and there are still many who are on guard if a reversal occurs at any time. So it's natural to think about saving your assets in USDT first if the price has gone up once, and you're also bored when you see the price sideways and the asset doesn't move up. Yes. The Buy the dip method, although not as deep as it has been in the past, is always a good opportunity to increase your BTC asset holdings.

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