Hodling or selling?

[yazher]

It's best to hold it a little bit longer because we are close to Bitcoin Halving and we all know that after that, the price will eventually rise up and it will create another ATH based on its past history. Anyway, this kind of option will only be available to those who aren't in need of the money rather you can just sell it if you don't have anything to spend any more on your essential needs or you really need to pay for something for emergencies.

[hatshepsut93]

Some users have sold all their bitcoins as soon as the price became higher than the price at which they bought them
But i'm interested in the actions of those who bought their bitcoins more than 2-3 years ago and sold them now or are still hodling them

I'm hodling for way longer than 2-3 years, and I will most likely liquidate more than half of my BTC portfolio in this cycle, because I'm at the point when taking those profits and investing them in reliable traditional assets would net me a significant cash flow, and I would rather have a predictable stable income than to gamble it all on having more unrealized gains.

I also think that Bitcoin is significantly more risky than most Bitcoiners think. There's nothing that could prevent a massive bear market that would turn into a long-term negative trend. And I don't want to risk anymore, I want reliable gains.

[Darker45]

I'm not saying I'm hodling everything I have, but I've been hodling a certain amount since I got into Bitcoin. That's at least 8 years. In my early years, a day's growth is enough for me to ponder on selling since I've already made profit. And I've sold, although not all. Sometimes my decision was right, sometimes it was wrong. I eventually tried playing with the changes in the price. I sold; I bought back. In the end, I wasn't really earning, or at least hodling was a lot more profitable. It was hassle-free, too.

In short, I ended up hodling. It's mainly because of the lessons I've learned. You will always be rewarded in the end if you hodl. I have regrets for not completely embracing it earlier. I also have Bitcoin friends who failed because they failed in hodling. Furthermore, if only you look at the charts, there's no reason to abandon hodling as a strategy.

But we have different appetite for risk. And, as always reminded, invest only what you can afford to lose. If you're losing sleep over your investment, perhaps you're doing it too much. Or perhaps Bitcoin isn't for you.

[OcTradism]

I'm not saying I'm hodling everything I have, but I've been hodling a certain amount since I got into Bitcoin. That's at least 8 years. In my early years, a day's growth is enough for me to ponder on selling since I've already made profit. And I've sold, although not all. Sometimes my decision was right, sometimes it was wrong. I eventually tried playing with the changes in the price. I sold; I bought back. In the end, I wasn't really earning, or at least hodling was a lot more profitable. It was hassle-free, too.

We need to take profit and use profit to pay things in our life, enjoy sweet things from our investment. Taking profit is good for any investor and we deserve to use our investment profit for anything.

Your experience is similar to me and I believe it is similar to many investors' experience too. Lesson from it is we need to take profit partially but never sell all of our bitcoins because we have advantage of early Bitcoin investors so don't throw away that big advantage by selling all bitcoins.

In short, I ended up hodling. It's mainly because of the lessons I've learned. You will always be rewarded in the end if you hodl. I have regrets for not completely embracing it earlier. I also have Bitcoin friends who failed because they failed in hodling. Furthermore, if only you look at the charts, there's no reason to abandon hodling as a strategy.

It's good decision, holding and only take profit partially if we actually need money.

JayJuanGee and bitmover built up a good withdrawal strategy.
[ANN] JJG Sustainable Bitcoin Withdrawal Strategy
https://bitcoindata.science/withdrawal-strategy

[legendbtc]

Some users have sold all their bitcoins as soon as the price became higher than the price at which they bought them
But i'm interested in the actions of those who bought their bitcoins more than 2-3 years ago and sold them now or are still hodling them

I'm hodling for way longer than 2-3 years, and I will most likely liquidate more than half of my BTC portfolio in this cycle, because I'm at the point when taking those profits and investing them in reliable traditional assets would net me a significant cash flow, and I would rather have a predictable stable income than to gamble it all on having more unrealized gains.

I also think that Bitcoin is significantly more risky than most Bitcoiners think. There's nothing that could prevent a massive bear market that would turn into a long-term negative trend. And I don't want to risk anymore, I want reliable gains.

I fully support your decision and I will do the same thing as you, I will also sell 80% of my crypto assets in the upcoming bull season and switch to traditional business. Although traditional business will not be as profitable as the cryptocurrency market, it is clearly safer and we will have more peace of mind.

It is true that we should only invest money that we can afford to lose, but once invested, no one wants to lose money. Therefore, the psychology of people who are investing large amounts of hundreds of thousands of dollars or more will be completely different from those who are only investing a few thousand dollars. The larger the amount of money, the more things to think about and worry about.

People are always making noise that they will only invest in bitcoin and do not want to invest in gold or traditional assets because they invest with small capital and are willing to trade-off to get rich quickly. But if they invest large amounts of money, they will have a very different mindset.

[SAHASAN]

I have 2 parts of btc which bought 2018 ( 11,000)

One part is trading another is for holding for long time

I have sold 60% from the trading parts and waiting to see the market.

[lovesmayfamilis]

Most of those who invested several years ago were probably independent people, and the money they allowed themselves to spend on buying Bitcoin was not their last. In addition, some knowledge and understanding of why people invest is required, as well as the period that should bring profit. We know that Bitcoin always meets targets when it reaches long-term targets. I think those people who remain with strong hands have ambitious goals, and some small percentage of the profit does not satisfy them. It is from this that the continuation of holding for many years forces people to remain with unspent wallets.

[Kakmakr]

I bought my first bitcoins when the price was between $300 to $400 and sold most of them when the price went up to $1000. I then bought more bitcoins after that and also sold those bitcoins when we reached the all-time-high price of $18000+

I think I once calculated that I made 800% profit on all the coins that I sold over time..  so I am very satisfied with the returns that I received from my Bitcoin investments.

I still hodl a little bit, but I will wait for the Moon, before I sell my last coins. 

[Questat]

Holding or selling can both have positive results because this still results in profitability. So whatever you take this time is not wrong because the most important is that you never miss the chance.
I sold some to secure my funds ( some people did this) while the amount of Bitcoin left was ready for the ATH and still sold them all. Might not be a good time to sell my Bitcoin but I stand the fact that securing our capital is very important in this kind of investment.

It is our personal call if we sell our Bitcoin or continue holding but I believe that the market still reminding us to be cautious in our action and think about the volatile nature of the market which we don't need to be ignored.

[Sebas.tian]

Before going into long term holding, ensure you include how to exercise patience in your holding, because that is what will lead you to your destination when you can sell and be bold to achieve a huge amount of income that will increase your wealth and make you not to miss any opportunity to invest in Bitcoin when there is a bearish season. You can see what happened to those holders that hold their Bitcoin since last three years till this year and they didn't allow family issues or other issues to force them against their wish, such encouragement can only be fuel by patience, which many investors have made up their minds to apply the same strategy in their holding. Well, if you continue holding your Bitcoin at this period, nothing is wrong in the decision, because the price is still increasing which it may reach $80,000 to break into new ATH before the price will begin to decrease to allow investors to purchase again.

[stadus]

It's best to hold it a little bit longer because we are close to Bitcoin Halving and we all know that after that, the price will eventually rise up and it will create another ATH based on its past history. Anyway, this kind of option will only be available to those who aren't in need of the money rather you can just sell it if you don't have anything to spend any more on your essential needs or you really need to pay for something for emergencies.

If we can hold our coins for another months or years, that would be a lot better. But if financial pressures suddenly arise and you have no other reliable source of funds, then selling would also be a valid option. However, in my own opinion, it’s best to sell some and hold some. That way, you can benefit and enjoy the current profits, while you are still aiming to hold longer the rest of your coins. Don’t just think for today or the following day, but think on it long term. By long term means, another 3-5 years I think, most likely with that longer duration, you will already gain satisfying profits from your long term investment.

[bluebit25]

IMO, the amount of money for investment is large, people will not put a high priority on profit and the safety factor for the investment will be given more priority. It feels like with a small amount of capital, we can easily take risks with dreamy games, but imo, no matter the scale, evaluating each person's investment is really quite complicated because of life's inherent nature. We are not the same, so our decisions will not be the same. For me, it's simply the willingness to accept all situations and be able to put problems in front of possible directions to face them, like if we continue to hold/sell, everything will move forward.

[Gaza13]

The biggest factor would be a stable income. If one has a constant and stable source of income then he or she must not worry that much about the money invested. I mean of course 20k will always make you worry however if it is not all of your money you can expect that you won't be tempted that much to take it away

There is some truth in what you say, the financial stability of a person's economy can be the determining factor for that person not to worry about selling their assets, they will definitely maintain these rare assets for the long term and continue to buy them. It's different for the lower middle class, if a disaster strikes them, if they no longer have emergency funds, they will definitely sell it. For the disaster they are facing, it is important that we think about how to get other sources of income.

[AprilioMP]

There is a long period of time when the bitcoin price is at a rather high level,compared to the price a year ago
Some users have sold all their bitcoins as soon as the price became higher than the price at which they bought them
But i'm interested in the actions of those who bought their bitcoins more than 2-3 years ago and sold them now or are still hodling them

Holding and selling are two actions carried out by someone with the same goal if placed from the same perspective. Someone holds because they feel they have not achieved the desired profit. If they made a purchase about 2 to 3 years ago, then according to profit calculations, now they can sell.
Still, someone still chooses to hold because they feel confident that the price of Bitcoin will rise higher again.

Those who have sold all their Bitcoins are likely pressed to make a decision. I view it from a positive perspective because those who are aware of Bitcoin's potential are not willing to sell before the time comes.

How did you find the strength and patience to resist this temptation?

The most obvious strength in holding is having other income that will not interfere with the long-term targets on Bitcoin that have been planned.

[Nrcewker]

We are not at all tempted my friend. We know that Bitcoins are way more valuable than the current price. Hence we have thought of the long plan. Moreover we have also invested the money which we don’t need in any urgency matter. Hence, for us this investment is like waiting and watching the movement. Moreover we also know that Bitcoins are limited in numbers, hence if more people demand to buy then the price will go up for the fixed supply. Hence many of us haven’t touched the coins and investment yet.

[Iranus]

Greetings,everyone
At this point in time,i was wondering about the opinions of dear forum users
There is a long period of time when the bitcoin price is at a rather high level,compared to the price a year ago
Some users have sold all their bitcoins as soon as the price became higher than the price at which they bought them
But i'm interested in the actions of those who bought their bitcoins more than 2-3 years ago and sold them now or are still hodling them
How did you find the strength and patience to resist this temptation?
Please answer people who hodl not $1-2k,but at least from $20k
After all,the fear of loss from investing $1k is much easier to bear than from investing $20k
For me this is the best indicator of inner strength and patience,because the greater the amount of investment,the greater the scale of his personality

P.S i've personally hedl bitcoins for a few years and it's well over $2k

-Regards

For me personally, $20k is not really a big amount of money but it's not a small amount either. I am investing more than the amount you mentioned and must admit that investing with a large amount of capital is not as easy as when we only invested 2k-3k capital. To be honest, holding is not easy and sometimes I panic, feeling a bit insecure every time the market corrects sharply.

Although I also know that if I don't sell, I won't lose anything and everything will recover soon, but the feeling of insecurity is unavoidable. To be honest, I also invest in some altcoins and the current market situation is not very good for altcoins and every time I look at my portfolio I feel unhappy. Having a negative portfolio of 5k-10k, sometimes even $15k, is not pleasant at all.

[Nheer]

But i'm interested in the actions of those who bought their bitcoins more than 2-3 years ago and sold them now or are still hodling them

The thing with bitcoin investment is that everyone has their plans about how long they plan to hold and when to sell and it usually differs between individuals, some might intend holding for a short period while some might want to hold for long term but the most important thing is maintaining that discipline of withstanding any temptation to sell when your aim is not yet achieved.

Only people who invested few years back will be able to tell you what their goal is wether they want to hold for a longer period because it is based on individual differences.

How did you find the strength and patience to resist this temptation?
Please answer people who hodl not $1-2k,but at least from $20k
After all,the fear of loss from investing $1k is much easier to bear than from investing $20k

Nobody likes losing money so when we lose money we feel all worked up and tensed and it is the same for everyone but in the context of bitcoin investment we just have to train our minds to withstand when we are losing money or when there is a dip in it’s price. Everyone you see that was able to resist the temptation had to train their minds to resist it because they know the future is bright if they are able to resist it. Achieving success is never easy that’s why you should always think about the future in order to be motivated and remain focused.

Losing $1k might not be easy to bear for some people as you think because we earn different amounts and $1k might be a huge amount  for some people so writing off people who hodl $1k is not ideal.

[Z-tight]

Those who have sold all their Bitcoins are likely pressed to make a decision. I view it from a positive perspective because those who are aware of Bitcoin's potential are not willing to sell before the time comes.

What time? The time you talk about is relative, whenever you have decided to sell your coins will be different from when other holders have decided to sell theirs. It is not about people not knowing BTC's potentials, they simply decided to sell or they wanted to do something important with the money, so they had to liquidate.

What i recommend is for people not to sell all their coins, if it is possible. BTC is a valuable asset and if you don't really have to sell everything all at once, then do not.

[CODE200]

I think hodling is still the best course of action for what's the current situation of the market, I'm definitely sure that there's still more chances that bitcoin is going to go up rather than dumping, best case scenario is that it continues to go up until it reaches something that a lot of us might agree to be the best time to sell bitcoins for the profit. The best thing to do right now in my opinion is to just accumulate, I'm not speaking out of just an opinion because I will be doing this too because I've recently used a small portion to take some profit so I'm sure that it's the best course of action.

[Frankolala]

No matter the amount of bitcoin that is in your possession, if you don't have that patience, self determination on a long-term goal, and self discipline, it will not be easy for that investor to hodli his bitcoin for long. I will say that 2-3yrs is still classified as short term, so I will not admire such hodlers.

It is investors that have hodli for 4 years and above that I will cherish their patience and passion to keep hodling. Those who are short term hodlers that bought back 2-3 years ago, might have sold some fraction of their bitcoin, since the price is at 70k,and a good profit would have been gotten. I am not selling yet, but would wait till bitcoin price hits 100k.