Hatchy
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December 26, 2023, 09:43:26 AM |
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Sincerely, I really appreciate @everyone that has read my post and made a positive replies. It's impossible to reply everyone one after the other, so i am doing it once.
It's possible mate. You can quote all of them in one reply and share your thoughts. No need to respond to each one separately. Your discussion is interesting, and more people will likely join soon. If you have questions, just quote them in a single post for clarity.
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Rampagoe004
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December 26, 2023, 10:35:46 AM |
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You know that you have big advantage with those knowledge than newbies who only join this market this year or next two years and even don't know about those things. The rest is practice to help you convert this advantage to profit. Can you do it by HODL?
If we talk about HODL BTC then we can get BTC through the money we spend or through income from campaigns. I think most members here get BTC from the campaign and of course most members only get money from the campaign to buy their daily needs. So I agree with your statement that we should practice holding your BTC as much as possible. I am also a HODLer who gets BTC from campaigns or with DCA but the problem for me is that maybe I can't get 1 BTC until the halving moment.
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Blitzboy
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December 26, 2023, 10:52:36 AM |
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If the Bitcoin spot ETF and halving boost prices, would HODLers hold or sell? To be honest, humans want money. Even ardent believers may sell after huge profits. HODL is an established technique, but its not immune to sudden, large gains.
Please examine the long-term vision. Bitcoin revolutionises financial sovereignty. Short-term gains are tempting, but Bitcoin's actual value is in redefining wealth storage and transfer. We should promote this paradigm shift, not just price rises.
What do I expect? A mix. Some will benefit, but others will HODL because they believe in Bitcoin's transformative ability. They believe in Bitcoin's financial revolution, not simply its value.
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Kelward
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December 26, 2023, 03:12:05 PM Merited by fillippone (1) |
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I don't know about the majority of the Bitcoin hodlers, but I might be cashing out some. I am actually in need of cash. I'm slowly drained of money. Most of my savings are in Bitcoin, and I can't just use it to support my needs. I'm a hodler. I've been holding on to my Bitcoin through the best in 2017 and the worst in 2018, the best in 2021 and the worst in 2022. I've, of course, made small conversions, but the biggest slice has always been kept for hodling. Of what point would my Bitcoin be if I can't enjoy it?
It's true that we can't continue to hodle our Bitcoin for eternity, there must come a time when we'd have to reap the fruit of our labor, to at least enjoy part of our ROI. What is the essence of working hard to be able to earn, deprive ourselves of certain luxuries in order to accumulate enough Bitcoin and hodle it on a long term as investment, if not to one day cash in when we feel that we've gained enough profits. For someone like me, if my Bitcoin investment reaches to a certain level where I feel like my ROI has multiplied enough, I'll just be selling a percentage of it in every bull run, and leave a greater percentage plus whatever I can add to it to keep accruing.
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Jegileman
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December 26, 2023, 03:40:43 PM |
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Question: With the coming of these two major events, assuming the price of Bitcoin turns out to be very impressive and massively different from today's current price, will the majority of Bitcoin holders keep(continue) holding?, or might price temptation just result in them selling to make a profit?.
Thanks for your time.
This will depend on the holder of the coin. For some people that feel like it is just the beginning of good happenings in the bitcoin market for that year and expect more positive happenings in the future when they hold on to bitcoin, they will not be tempted to sell but will love to continue holding and accumulating more. For some newbie holders who are scared of the market and have gained some significant profits at that time, they will quickly sell in fear of the market not to experience a downturn any moment.
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tjtonmoy
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December 26, 2023, 04:20:46 PM |
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It varies from person to person. When the price goes up, people will find opportunities to take profit from the investment. Some have certain target point in which they want to sell and others have no actual target price and they just want to take whatever they can as a profit. Those who will reach the target, they will sell and those who doesn't and are strong hodlers, they will keep on holding or sell some of their holding for profit making.
But you cannot say for sure that everyone is going to sell. Once people start to sell, the price will decrease as well. Many will miss the opportunity while on the other hand many will be at a profit. So in conclusion, most of them will sell and reinvest during next price dump and continue on hodling. Some of them will miss the opportunity and if they want they will continue on hodling.
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aoluain
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December 26, 2023, 04:47:20 PM |
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As 2024 approaches, two major events awaits us: The Bitcoin spot ETF approval and Bitcoin halving, respectively. with the occurrence of these two events, there is certainty that the market would be affected in positive ways, thereby seeing impressive pumps. The situation might also go the other way where the unexpected might happen.
So there is only 1 guaranteed event in 2024 that is the halving the other event you mentioned is a decision by the SEC, its result is not guaranteed. Question: With the coming of these two major events, assuming the price of Bitcoin turns out to be very impressive and massively different from today's current price, will the majority of Bitcoin holders keep(continue) holding?, or might price temptation just result in them selling to make a profit?.
Lots of permutations could happen in 2024, and they will happen throughout the year, Long term Hodlers might take profits Long term Hodlers might continue to Hodl. Long term Hodlers might take profits to buy back later
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kryptqnick
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December 26, 2023, 05:14:35 PM |
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Bitcoin halving will happen for sure, but the ETF approval, while considered likely, it still something undecided. While an event of ETF approval can boost the price even further, in my opinion, halving doesn't automatically lead to a higher price. I expect 2024 to be a good year for Bitcoin, perhaps a year of gradual growth with occasional setbacks caused by something we can't predict right now (like a crash of an exchange, introduction of some regulations by countries with high crypto usage, etc.). As for hodling vs selling, it's not a dilemma to me because you can always keep some and sell some.
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livingfree
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December 26, 2023, 05:53:35 PM |
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Question: With the coming of these two major events, assuming the price of Bitcoin turns out to be very impressive and massively different from today's current price, will the majority of Bitcoin holders keep(continue) holding?, or might price temptation just result in them selling to make a profit?.
Thanks for your time.
It is no doubt that many are going to sell and will just leave the market and they're good for having a great run on this market. Are you just gathering some opinion whether you'll do the same or not? Do what makes you satisfied on this market. If you've made such decent gains, don't forget to take profits whether you'll buy back again or not then just don't forget about yourself and your main goal for investing. And that's all about making a profit and you can always buy back and get back on this market but you'll never know if the price is gonna be higher by that time.
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abel1337
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December 26, 2023, 05:59:49 PM |
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Bitcoin investors has their own different views about the purpose of them holding a bitcoin. I believe that majority of bitcoin holders is for profit, those who will sell on the bull market for their desired profit. Though there are people who will hold and wouldn't want to sell their bitcoin even if they face a tempting amount of profit. I know that there are members here who holds their bitcoin for years now, 2 bull market at least without selling all of their bitcoins as I've read it from their post in other topics. It's quite a strong faith given that they also experienced at least 2 bull market but they keep their calm and still holds.
If I face a good opportunity to sell a bitcoin at a very good price, I would take it since I am after the profit because I want to roll it to buy more bitcoin again at lower prices. I want to make my money move.
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hatshepsut93
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December 26, 2023, 06:19:06 PM |
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Question: With the coming of these two major events, assuming the price of Bitcoin turns out to be very impressive and massively different from today's current price, will the majority of Bitcoin holders keep(continue) holding?, or might price temptation just result in them selling to make a profit?.
I have already lived through two bull markets, and during my first one I didn't sell a single Satoshi because I didn't believe that the ATH is an ATH, I thought there's still a lot more steam left, so when the bear market started I just kept hodling. But on my second time I was selling as the price was growing and had an average sell price of $50K - I sold enough coins to achieve an important goal and I don't regret it. This bull market I will again sell coins and use the profits to invest in other assets, because keeping all eggs in one basket is never a good idea. And if Bitcoin will one day be worth $1 million I won't regret selling it before that, because I'm not greedy and don't really need so much money to live comfortably - I'd rather take the maybe smaller profit instead of risking it all for more.
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coolcoinz
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December 26, 2023, 06:34:04 PM |
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Question: With the coming of these two major events, assuming the price of Bitcoin turns out to be very impressive and massively different from today's current price, will the majority of Bitcoin holders keep(continue) holding?, or might price temptation just result in them selling to make a profit?.
I've held bitcoin for the last 9 years and here's my take. Negative scenarios: It goes down by ~$10k due to some FUD. -do nothing. I'll keep waiting, adding a few bucks from the sig campaign to my stash. It goes down heavy to ~$25k. Chances for that are low but so were chances of a crash during the pandemic and we got that. I'll use some of my emergency fiat money to buy a bit, but that's going to be less than 10k worth since I'm low on fiat at the moment. Neutral scenario: We'll stay between $40k and 50k. Again I'll do nothing and keep waiting for a real bull market to start. At this price if I need to urgently buy something, I'll do it, but I won't spend more than 1% of my bitcoin. Positive scenarios: Bitcoin goes to the last ATH so around $70k. I'll sell a little bit to celebrate, like I always do when we hit an important level. Maybe I'll buy gifts for my family, maybe pay for holidays. We reach a new high at or above $100k I'll spend 10% of my coins to buy the things I need and continue to hold the rest.
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TimeTeller
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December 26, 2023, 08:59:00 PM |
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Question: With the coming of these two major events, assuming the price of Bitcoin turns out to be very impressive and massively different from today's current price, will the majority of Bitcoin holders keep(continue) holding?, or might price temptation just result in them selling to make a profit?.
I have already lived through two bull markets, and during my first one I didn't sell a single Satoshi because I didn't believe that the ATH is an ATH, I thought there's still a lot more steam left, so when the bear market started I just kept hodling. But on my second time I was selling as the price was growing and had an average sell price of $50K - I sold enough coins to achieve an important goal and I don't regret it. This bull market I will again sell coins and use the profits to invest in other assets, because keeping all eggs in one basket is never a good idea. And if Bitcoin will one day be worth $1 million I won't regret selling it before that, because I'm not greedy and don't really need so much money to live comfortably - I'd rather take the maybe smaller profit instead of risking it all for more. I guess, any investor should have that kind of mantra as putting all eggs in one basket can be very dangerous to your investments. And if you have the chance to sell some, then sell some. At least get some profits from it. You are here in this market to gain, not to lose. So as much as possible, exhaust such potential of gaining profits.
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Russlenat
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December 26, 2023, 09:08:04 PM |
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There's no wrong if you decide to sell some of your coins and continue hodling on the rest. Selling in profits is what matters here. But it also depends on the amount of profits you'll be able to gain. If the amount won't meet my expectation, then I prefer to continue holding where massive amount of profits is waiting ahead. Also, if you are not in need of funds right now, better not to sell and focus on hodling them.
However, we also have different mindset when it comes to selling bitcoin, and one's financial condition may differ from the other. So if you decide to sell because you needed instant cash, then that will never be a wrong decision. Your investment, your rules.
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Dr.Bitcoin_Strange
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December 26, 2023, 10:56:22 PM |
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Question: With the coming of these two major events, assuming the price of Bitcoin turns out to be very impressive and massively different from today's current price, will the majority of Bitcoin holders keep(continue) holding?, or might price temptation just result in them selling to make a profit?.
Thanks for your time.
OP, there are two reputable members on this forum, and from the way they talk, I know they have a large sum of bitcoin in their wallet, which has been sitting there for so many years now, yet they have not sold. I cannot find those posts again, but one of those members once said that what will make him feel tempted to sell some fractions of his Bitcoin is if he sees a very tempting prize, and from that statement, he was not going to sell some fractions if Bitcoin is still sitting around $100k; it probably should be when Bitcoin surges to $400k suddenly, then he will sellsell just some fractions. The other user said that if he sells off his holdings, there is no current project to do with the huge sum of money that he will realize. One of these two users also said that they basically believe that the price of Bitcoin will climb to new all-time highs, so there is no need to rush and sell off. @OP, every bitcoin holder has a purpose and goal for the bitcoin they are holding, and if there is anything that will require them to sell their bitcoin and take profit, they will not hesitate to sell off. Every Bitcoin holder here can only speak for themselves on how they want to go about their Bitcoin investment and when and why they want to sell off during the bull market, but what you must know is that not all holders will sell their coins during this coming bull market. Some people have been holding their bitcoins for more than 8 years, and they did not sell off during the past bull market.
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mirakal
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December 26, 2023, 10:59:51 PM |
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A lot would be actually tempting to sell because of the impressive price. Most especially for those who are badly needing money since they only have bitcoin investment, then they have no choice but to sell early. However, as long as you sell not at loss, that would always be a good decision to sell. But most likely for those who have other sources of income aside from bitcoin, they will just ignore the current impressive price but will continue to hold more as they are looking forward for a new all time high for bitcoin, that will enable them to sell at a much higher and impressive price.
Bitcoin hodling is proven to be a highly profitable activity for bitcoin. But it never means that you will just hold your coins forever because you're in for a bigger rewards. You need to sell as well at some point so you can enjoy your profits every now and then. Not a requirement but a wise decision to take.
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Darker45
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December 27, 2023, 12:53:29 AM |
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I don't know about the majority of the Bitcoin hodlers, but I might be cashing out some. I am actually in need of cash. I'm slowly drained of money. Most of my savings are in Bitcoin, and I can't just use it to support my needs. I'm a hodler. I've been holding on to my Bitcoin through the best in 2017 and the worst in 2018, the best in 2021 and the worst in 2022. I've, of course, made small conversions, but the biggest slice has always been kept for hodling. Of what point would my Bitcoin be if I can't enjoy it?
It's true that we can't continue to hodle our Bitcoin for eternity, there must come a time when we'd have to reap the fruit of our labor, to at least enjoy part of our ROI. What is the essence of working hard to be able to earn, deprive ourselves of certain luxuries in order to accumulate enough Bitcoin and hodle it on a long term as investment, if not to one day cash in when we feel that we've gained enough profits. For someone like me, if my Bitcoin investment reaches to a certain level where I feel like my ROI has multiplied enough, I'll just be selling a percentage of it in every bull run, and leave a greater percentage plus whatever I can add to it to keep accruing. Make no mistake, I'm willing to keep my Bitcoin if only those things that I need to buy are priced in Bitcoin. But they're not, so I have no choice but to convert to fiat first. If they are priced in Bitcoin, I'd rather buy them all with Bitcoin. I'm convinced that if the prices of goods and services are denominated in Bitcoin, they are going down rather than up. Bitcoin is an investment, yes, but we're probably missing the point if we're just using it to increase our fiat.
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deathcode
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December 27, 2023, 01:03:56 AM |
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Question: With the coming of these two major events, assuming the price of Bitcoin turns out to be very impressive and massively different from today's current price, will the majority of Bitcoin holders keep(continue) holding?, or might price temptation just result in them selling to make a profit?.
it all depends on the price situation. because those who invest in Bitcoin have already made plans for when and at the right price they will sell Bitcoin at a profit. some may sell when the target price is reached according to plan. but some may still hold when their plans are for a longer time frame. this won't be easy to do if Bitcoin manages to pump high. but what is expected is that transaction fees will return to normal.
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FinallyRegistered
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December 27, 2023, 01:08:33 AM |
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I must be in a smaller minority than I originally thought. A lot of posts talking about selling if bitcoin gets to 'x' price. I'm not an OG, but I've been through 2 bull and 2 bear markets. I won't sell. Why would I sell? Nothing is a better vehicle for my investment than bitcoin. Sure, I know some will sell if they need money, and that's fine. But even if bitcoin gets to 1mm per coin, I wouldn't get rid of my bitcoin. It just doesn't make sense to me. I'm old now (50yrs old), and this is the best discovery I've seen in my lifetime. Right up there with TCP/IP.
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bayu7adi
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December 27, 2023, 03:53:42 AM |
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It is no doubt that many are going to sell and will just leave the market and they're good for having a great run on this market. Are you just gathering some opinion whether you'll do the same or not?
Do what makes you satisfied on this market. If you've made such decent gains, don't forget to take profits whether you'll buy back again or not then just don't forget about yourself and your main goal for investing.
And that's all about making a profit and you can always buy back and get back on this market but you'll never know if the price is gonna be higher by that time.
If you want to stay calm in the market, just HODL. Don't go for small gains because the future of the market is unpredictable. Imagine the worst-case scenario: prices keep rising constantly, and HODLing is the best choice. Any predictions can't be a reliable guide. As long as the yearly BTC chart suggests an upward trend, I recommend just HODLing. But it really depends on each individual since I believe everyone has different strategies. So, neither I nor you can set absolute rules for everyone. There are no bosses or subordinates in the trading world, so every decision is truly one's own responsibility.
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