Should I still hold the investment or sell it?

[jasonjm]

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.

[1715182873]

1715182873

[CageMabok]

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.

[SmartGold01]

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.

[MFahad]

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.

[mirakal]

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.

[jeraldskie11]

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.

[Sebas.tian]

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.

[philipma1957]

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.

[Poker Player]

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.

[legendbtc]

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?

[Kelvinid]

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.

[Lucius]

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.

[EarnOnVictor]

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.

[arwin100]

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.

[philipma1957]

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.

[Yatsan]

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.

[Lucius]

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.

[Questat]

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. 

[justdimin]

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.

[Adbitco]

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.