Hodling or selling?

[AprilioMP]

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.

You are right about time because time is relative. But this is based on my positive point of view in understanding the OP's point that some users have sold all their Bitcoins.
If we group Bitcoin owners, they are also different. There are some people who are not strong enough to deal with price drops, which makes them panic and want to sell.

Another group of Bitcoin owners is calm in facing any market situation and considers it a normal occurrence because prices are very volatile.
Should we blame the circumstances or blame them. For me it's about people's mindset with their Bitcoin holdings.

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.

I accepted this recommendation because it was the best. We hope that it can be applied by those out there. But it feels like all the recommendations will be in vain if the way of thinking is not the same as the way we think about Bitcoin.

[1714660909]

1714660909

[1714660909]

1714660909

[1714660909]

1714660909

[Jawhead999]

If you're visit a hospital and unfortunately you don't have enough money to pay medical bills, what will you do?

If you're need to pay rent and you don't have enough money, what will you do?

I don't see any reason to ask a subjective thing to anyone, you're one who have full control over yourself.

Even 1000 users tell you need to hold, but if you insist to sell, you will sell the coins.

[armanda90]

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.

If some one with financial stability easy to be long term holding with bitcoin, but lack passive income is factor why most investor difficult to be long term holding in bitcoin.
Personally every holder want to hold more than four until five years later with bitcoin become long term investment assets, but not support with financial stability less chance for holding until several years later and take to sell after bitcoin raise higher price indeed believing with bitcoin price potential more higher in the future.
Depend on holding or selling requirement with your condition, without any emergency funds I think every one want to hold and never sell bitcoin believing potential increasing price more than several years later.
Hold or sell depend on your requirement today, tomorrow and one or two years later you need emergency fund or not.

[m2017]

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

There is such a thing as an investment plan (or strategy). Look for the answer in this direction.

Please answer people who hodl not $1-2k,but at least from $20k

It sounds like you are trying to figure out which forum users have significant net worth. That's not why you're asking, right?

After all,the fear of loss from investing $1k is much easier to bear than from investing $20k

Who told you that? For some, $1k may be more valuable than $20k for others.
If you have $100 in your pocket, then the loss of $1k can be very noticeable and significant, but $20k for a millionaire is a mere trifle.

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

By no means, this is not the only indicator and you do not take into account all the variables in this problem. We must not forget about the overall level of financial well-being of the investor. It is not difficult to be patient when not the last amount of money has been invested (an acceptable standard of living). It seems to me that those who, even with low incomes, don't lose self-control and continue to hold bitcoin without spending or limiting themselves have more inner strength. This is where people have real endurance.

[bobbybkk]

There are a couple of considerations here:

1) Nothing is sure in life:  With this I mean there is a possibility greater than 0 that you maybe wake up tomorrrow and for whatever surprising reason Bitcoin is now nearly worthless. What would be your personal situation now?

a) In case you have already 1 million USD in the bank and invested a couple of years ago 10 000 USD in Bitcoin, that would be a serious hit, but likely no changing your lifestytle dramatically, just a bad surprise.

b) In case you have 10 000 USD in the bank and currently holding Bitcoins worth 1 million USD currently, the loss would feel much harder and likley seriously impact your mental health.

c) In case you have 1000 USD in the bank and holding Bitcoins worth 1 million USD, the loss would likely give you suicidal thoughts.


2) Investing is all about making a profit over time. Depending where you fit in under 1 above, I would suggest in case you have already made a profit holding Bitcoins to consider selling an amount that you can then move to your bank account and is not affected by a total wipeout of Bitcoin,

Personally I would  make a plan with certain tresholds lets say 100 000 USD for Bitcoin and when the treshold is reached maybe sell 30 % of your holding and HODL the other 70 % until the next treshold is reached. This should make sure that you survide a sudden wipeout of Bitcoin with at least a certain amount of profit and still have Bitcoins in case Bitcoins goes to 10 million USD or so.

Just my humble opinion

[avp2306]

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

Don't ask anyone regarding on what decision you should take since you might get trolled with that and the advice you get might not working for you so find what best for you to do since not everyone have different decision since we have different level of patience and experiencing to deal with bitcoin on some scenario occur at certain times.

That's why its important to develop your own strategy so that there will be no confusions will happen and you will not easily get affected by anything want those people like to spread especially if this is can affect you and will result to negative on your investment.

It maybe hard to learn and get better result but if you can handle to face any challenges on your investment for sure that you can earn good result on good decisions made soon.

[OrangeII]

From what I know, people like that, who buy bitcoin in large quantities or collect bitcoin consistently until it becomes a lot are those who really intend to invest, and maybe their investment funds are really aimed at bitcoin.
Maybe many people have sold their bitcoins when the price of bitcoin reached a certain point. However, I think they are selling because they have achieved their targets. However, people who have been consistent in holding their bitcoins which they have accumulated in large amounts, I think they are people who are ready for whatever risks occur, and believe in the potential of bitcoin. Moreover, the fact that they are calm even when they invest large amounts is because they are probably using money that they are truly willing to lose. I believe that such investors have many sources of income, or businesses out there. If he only had that money, then anyone would be afraid of losing that money, especially if he invested in bitcoin, which has a very high level of fluctuation.

[GideonGono]

If they manage to HODL when Bitcoin hit the ATH, why couldn't they resist it now that the price drops down?
They didn't take profit before when it was a bit higher compared to the current price, so we could guess that they are still planning to HODL (for those who didn't take profit on the ATH).

[YUriy1991]

Yes, at that time our mentality was tested whether to continue or exit the market with some benefits that were definitely not maximized as planned. I think it all depends on the initial planning when we go in and invest and if it shifts it's not because of the general temptation but the need. If you already have sufficient other income and at any time want to set a sell bid, the percentage is very small to sell assets even though it looks high and can be ascertained that it will be left alone.

For the amount of entry, it is very decisive for the amount of profit and also the level of risk faced, but if it is a long-term set where everything else has been fulfilled, I think it is not a significant problem because BTC is the most potential coin in terms of value and duration of return.

[lizarder]

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

I sell some of the ownership of Bitcoin that I have and it was done to get a refund from the previous purchase process. Many people may sell all the bitcoin they have at the time of the highest price at that time and some are still holding Bitcoin until now because they believe the price will return higher. There is always a temptation to sell Bitcoin when the price is high but also many people will wait for the next ATH moment to sell the bitcoin they have.

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

If you are able to withstand until the desired price is good because the power of Bitcoin is far more optimal if invested in the long run. Everyone must have their own views on sales and how to accumulate purchases of Bitcoin. The aim is to get the maximum profit from the investment that is lived so that people will use the slightest opportunity.

[Kelvinid]

There is no perfect timing is selling our Bitcoin but I also think that selling them during bull season is a good time to do it. If ever I sell them now, I was certain that I've been in profit but deciding to still hold them is a good choice as well believing that the price of Bitcoin will increase in the next few years. But I think if we have the chance to make a good profit this time while the market is in a bullish state, why now? If I could make a profit x2 from my capital, I guess that would be very satisfying, and feel no regret in doing it even after a few days it pumps more and reaches the new ATH.

Hold if you prefer to wait for the ATH but sell if the price is satisfying for you. The point here is to generate profit, not losses.

[SOKO-DEKE]

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

everybody has their own plan when they will sell their Bitcoin after making some profit, so when they reach their price target they will sell and plan ahead when they will still buy at a low price again so that they can have more Bitcoin in their wallets. This is also a Bitcoin investing strategy; you can buy at low and when the price moves higher sell and wait for the Bitcoin price to go down again and sell more of it, both with the capital and at their price. I also see this as a good strategy for dealing with Bitcoin if someone is good at timing marketing before buying and selling, especially during a bull run period and buying at a bear market period.

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

I think that many people you see holding onto their Bitcoin for a long time are those with good knowledge about Bitcoin, who have more trust in it, and who have only invested what they can afford to lose; these factors are the main reason why someone can hold onto Bitcoin for a long period of time. You will notice that when you lack proper understanding about Bitcoin and general currency, or when you invest what you cannot afford to lose, there will always be fear of losing, and when someone has that fear, they will easily panic whenever the Bitcoin price moves down. From there, they will start selling because they don't want to lose.

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

Holding a bitcoin amount even less than $1k is not easy once it is not money you can afford to lose. I believe that those investors who invested a large amount of money in bitcoin and planned on holding it for a long period of time may have 10 times the amount of money they invested, so the truth behind holding it for a long period of time is just to invest what you can afford to lose.

[fuguebtc]

If they manage to HODL when Bitcoin hit the ATH, why couldn't they resist it now that the price drops down?
They didn't take profit before when it was a bit higher compared to the current price, so we could guess that they are still planning to HODL (for those who didn't take profit on the ATH).

When bitcoin price increases, most people will not sell bitcoin because they expect higher profits . But when bitcoin starts falling in price, and if the price drops too much, it's inevitable that people will panic . Maybe many people will not take profits but they will be willing to cut losses to avoid further losses, and this is common with most investors. What you say sounds simple, but when you fall into that situation you will see that it is not as simple as you think .

Not to mention as OP mentioned , if your investment capital is only 1 to 2 thousand dollars then you will not panic but if your investment capital is 100k to 200k then you will understand how terrible that feeling is.

[JunaidAzizi]

It is very difficult to hold BTC because it tests your patience. When a person decides to hold their investment they should prepared their heart, mind and emotions for every movement. We know Bitcoin is a very volatile asset we can not predict its next move be it up or down so if he holds his BTC and it goes down then it's a very hurtful and tough movement for a Bitcoiner to show patience on his loss so thats why most people start selling to grab their profits instead of hodling.. But I don't understand why people start selling their BTC now. I will choose to hold BTC instead to start selling out to mark more and more profits. If am not stupid then I will wait for the Bitcoin halving and then wait for the next ATH. After that, I will sell some parts of my BTC to get some profits.

[Alana Arden]

The most important thing here is how you want to manage your portfolio. Because you should invest what you are prepared to lose and hold on patiently. Also, how much profit you want to earn from your investment is entirely up to your choice or decision. Yes, it is true that not everyone can HODL because it is not easy to do either. Hodl requires a lot of patience. Those who have accumulated bitcoins for years are testing their patience by not giving in to temptation and keeping their emotions in check. Since Bitcoin's halving is so close, those who are patient enough to hold on and not sell despite the price reaching ATH can make good profits in the future.

[MainIbem]

 People who Hodl $20k plus in Bitcoin are those who are very rich and have other sources of income to cope with, while they wait for the right time to sell. Let's say for instance, someone depending on the profit of that money would have little patience and might have long been tempted when Bitcoin broke an ATH earlier. So I think only those that are very rich and have various sources of income would be that patient enough.
Also, I'll advice anyone holding atleast 1k in Bitcoin to continue holding for now, me personally I'll rather acquire more Bitcoin and contine waiting for the halving period than selling currently. If you noticed Bitcoin dropped to 69k so it might still be the right time to buy more and Hodl instead of selling.

[Ale88]

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

It's not only about being patient, the question you should ask yourself is: why would I sell bitcoin? Is there something I absolutely need right now? For me it would make sense to sell bitcoin when I think we're reaching the top so hopefully if I sell 1 then I can buy 1.5 or 2, right now that would be the only reason. I would never sell to buy an expensive car or going on vacation, it doesn't make sense for me.

[michellee]

It would be better for them to keep their Bitcoin for now and wait for the next high price increase. The highest increase in Bitcoin that has occurred is only the beginning because the price of Bitcoin will still increase even higher. If people who bought Bitcoin at $20k had sold all their Bitcoin at $60k-$70k yesterday, maybe they would regret it because the price of Bitcoin could still rise again.

But it all depends on how they plan and what they want to do with their Bitcoin. Maybe they want to take advantage of it after waiting so long, and they can't afford to wait any longer. And they finally sell their Bitcoin when the price reaches $60k-$70k.

That is each person's wish. However, there are still people who continue to hold their Bitcoins because they believe the price of Bitcoin can rise very high. This is just the beginning, and we will see how high the price of Bitcoin is.

[2Pizza410000BTC]

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

Not everyone can afford to hold Bitcoin. Holding Bitcoin for a long time definitely requires a lot of patience and courage. I think you have both patience and bravery which is why you have held onto your bitcoins for so long. But the result of patience is very beautiful in the end.  Here I am like you I have been trying to hold bitcoin for a long time but I am pretty much all over it. Currently I am holding 1k Bitcoin I hope to slowly increase the investment. But I've been trying to keep up for years. Best wishes from my side to every investor I hope every investor will have lots of success in the upcoming bull market.

[Onyeeze]

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

It's that the price of bitcoin do appreciate annually and the price of bitcoin that appreciate annual if you are curious to sell you may sell and the price of bitcoin increases, a good investor of bitcoin doesn't be curious to sell bitcoin rather they hold their bitcoin until the price of increases, so many people I know today that uses bitcoin does not be curious to sell when they have know the important of using bitcoin or investing bitcoin, its only the newbies that are new in Bitcoin investment that always invest in bitcoin and rush to sell when the price depreciate little in the market.