Don't regret to spend your Bitcoin it is your money.

[Versatile_choice]

What if you have long term plan on what to do with your Bitcoin like in the next 8 years and it happens that it fall into bear run at that time meaning that price has dip. What will you do, will you go ahead and sell or hold it till the next bull run?

Well in my own case I would keep holding until when I discover that I'm in profit, but I think a guy that has  been buying bitcoin for 8 years is likely to be in profit even during bear season. Because it is assume that he has been buying in different price, take for instance those Investors that start thier bitcoin investment at the early part of last year. Some started buying from 45k while some 50k so this people is likely to be in profit now that the market is facing some correction while most people called it bear season, so I'm just using this as an example. Even though thier intention is to invest for 8 years they will definitely be in profit even during bear season because they are buying from different price.

[Mayor of ogba]

It's not right for you to spend your bitcoin if you are investing in bitcoin for the long term because once you indulge in that, you will keep on spending your bitcoin gradually, and it can trigger you to sell off your bitcoin one day. You should never attempt to spend your bitcoin meant for investment if you haven't gotten to the end of your accumulation. I can only advise you to spending your bitcoin when you are saving your money in bitcoin because you need money to pay for your expenses.

[devlin85]

I know that Bitcoin is good to hold for many years so that it's value will increase very well and you will make a lot of profit. What if you have long term plan on what to do with your Bitcoin like in the next 8 years and it happens that it fall into bear run at that time meaning that price has dip. What will you do, will you go ahead and sell or hold it till the next bull run?

Why I brought this topic up is because I have a friend that has been into Bitcoin investment for many years before I even knew about Bitcoin, clearly he has made a lot of profit from it. In the middle of this year he told me that he was going to buy a car in this December, from his Bitcoin profit. We were very happy about the ATH a few months back and he said that he couldn't wait for December, to buy the car. To my surprise he hasn't bought the car till now, his reason was that price is bellow $100,000. He has postponed the car matter indefinitely till there is a new ATH.

I told my friend that he is greedy that afterall he has made a lot of profit from Bitcoin that he should have bought the car despite the dip. I think that if we have made profit and our long term goal of holding Bitcoin matures we should spend the Bitcoin because it is our money. No need to consider whether it falls into bull run or bear run because we are in already in profit over the years.

Each person has their own plan and not all of us have the same risk tolerance, so obsessing over what others do makes no sense. This person is probably waiting to see if the market surprises them at any moment; in my opinion, waiting is not a mistake. Maybe they have already set a clear goal and that’s why they don’t need the money immediately. As a friend, you should respect their decision. Waiting for a better price is not something I consider greed; it’s their strategy and it’s valid.

[Salahmu]

I know that Bitcoin is good to hold for many years so that it's value will increase very well and you will make a lot of profit. What if you have long term plan on what to do with your Bitcoin like in the next 8 years and it happens that it fall into bear run at that time meaning that price has dip. What will you do, will you go ahead and sell or hold it till the next bull run?

Why I brought this topic up is because I have a friend that has been into Bitcoin investment for many years before I even knew about Bitcoin, clearly he has made a lot of profit from it. In the middle of this year he told me that he was going to buy a car in this December, from his Bitcoin profit. We were very happy about the ATH a few months back and he said that he couldn't wait for December, to buy the car.

I told my friend that he is greedy that afterall he has made a lot of profit from Bitcoin that he should have bought the car despite the dip.

If you spend it right you cannot regret about it but if you spend it in an unnecessary way there would be a regrettable time. What is the use of holding if you are going to sell at the dip, since you no a dip only last for sometime or maybe a year you could possibly wait for the year to go so that the market will come back for you to see a place you could sell with a surging price. The guy is right for not going to buy the car this time because the price change is massive, I would have actually advise him not to also buy the car because he could always buy it anytime the price is back.

[Ndabagi01]

I told my friend that he is greedy that afterall he has made a lot of profit from Bitcoin that he should have bought the car despite the dip. I think that if we have made profit and our long term goal of holding Bitcoin matures we should spend the Bitcoin because it is our money. No need to consider whether it falls into bull run or bear run because we are in already in profit over the years.

The problem with your friend is that he lacks a proper target for his bitcoin investment. He may have thought that when we get to December, bitcoin may have increased more and he would be in more profits not knowing that the market does not operate like that.

If he had a target for his investment and the target wasn’t reached before this dip, that would have been a more valid excuse for him not to have bought the car he intended to buy but if the price got to that price and he was still adamant not to sell thinking the price will go up further, I’ll say that he has become a very greedy person in his investment and such person will never get to have the best chance to take the best profits from his investment even in the future, since he’ll always be greedy not to take profit.

At least it is a car he wanted to buy and maybe not in his top priority list because if it was one in such list, he would have been forced to even sell at a very lower price.

[Lembo69]

has made a lot of profit from Bitcoin that he should have bought the car despite the dip.

His decision not to buy the car before the price came back down was a sign of his intelligence. The man is a very smart man, so he wants to wait until the price goes up again. When the market price goes up again, he wants to buy the car, which will be profitable. It turns out that the car he wants to buy now is another model of the same car that came out before the market returned to its fair price. Then he will not have to regret it anymore, but he will be happy. And as a result, he will be able to buy a better model of car. Sometimes it is better to do some things late. If the man waits for the end of the year, then his Bitcoin investment may be profitable for him. And he may even sell the Bitcoin for a higher price than he wanted to sell it for. The market may also give him such an opportunity

[Progress101]

Matters concerning Bitcoin decisions are always personal and the final say left to the person holding, because I know it takes a lot of conviction to hold Bitcoin especially in an economy like this. Your friend is probably greedy, yes, but I also know people who regret touching their coins and they complain every time. As long as your friend isn't begging on the streets or starving himself in the name of holding then I say let him be.

Buying a car in Nigeria is no guaranteed one time expenses. He can buy that car today and be fixing it every 3 months which will force him to touch more of his holdings. Like I started, it's best to leave the final decision  to the person holding. Not just because his money his choice or anything like that, well yes, but the conviction behind holding has to be respected.

[Sonia_123]

No time wen you go regret to spend your bitcoin except you buy am wen the price bin dey very high, I that way you no suppose to sell am na to dey hold am, because with time the price go bounce back na him make bitcoin investment na for long-term not short term expect those wey be for short-term wey we dey refer to as trader because dem want quick money, so dem dey sell am anytime.

When you do reach your accumulation stage na him e dey good to sell and the best time, but if you nor want reach that stage na you know and na your money

[Josefjix]

Why are you using "we" instead of he " referring to the owner of the Bitcoin" Your friend is a very smart investor and had won the emotional battles in crypto trading, you are still a newbie who always in a hurry just to oblee quickly.

Afterall, your friend owns the Bitcoin and it's ought to him to decide whatever he will do with his Bitcoin, afterall, he has been in the game for too long so he knows the secret while he had landed where he is today, and will be trying the same strategy he used to arrive at new destination again. You may not understand because you still have short insights.

Anyway, if I were you, I would have supported your friend to delay gratification and keep the Bitcoin till new ATH.

Does he has another source of income? to pay for fuel when he will buy the car, should it be that he'll be withdrawing his left Bitcoin to carter for fuel all day and all night?

[AmaGold70]

I understand your thoughts but still it is my money my investment and I get to decide when and how to spend it, people that are holding Bitcoin on a long term goal have made their calculations and they know exactly when to pull it out and make profit and if I were in your friend's shoes I would still do the same regardless of how long I have been making profit from Bitcoin, he has his target and waiting for a new ATH is his target so respect that and don't feel that he has already made a lot of profit and there's no need to make more because as long as it is my money and I'm earning it legally it is never enough.

[sotelorene]

Op, you are wrong that your friend is not greedy because investing and holding is the best way to go about Bitcoin and it is possible that this your friend has not gotten to overaccumulation stage and if has not then there won't be any need for him to sell off his investment simply because he wants to get a car and if I may ask you the car you are suggesting he should buy, is the car going to fetch him money or is just something he will be driving to show people how much he has made from Bitcoin investment? That will be insane because at the end of the day he will still need money to fuel and maintain the car so it is a liability and I will advise you don't advise him on what to do with his Investment because you can be blame later depending on what happens.

[Flourishbae]

I know that Bitcoin is good to hold for many years so that it's value will increase very well and you will make a lot of profit. What if you have long term plan on what to do with your Bitcoin like in the next 8 years and it happens that it fall into bear run at that time meaning that price has dip. What will you do, will you go ahead and sell or hold it till the next bull run?

Why I brought this topic up is because I have a friend that has been into Bitcoin investment for many years before I even knew about Bitcoin, clearly he has made a lot of profit from it. In the middle of this year he told me that he was going to buy a car in this December, from his Bitcoin profit. We were very happy about the ATH a few months back and he said that he couldn't wait for December, to buy the car. To my surprise he hasn't bought the car till now, his reason was that price is bellow $100,000. He has postponed the car matter indefinitely till there is a new ATH.

I told my friend that he is greedy that afterall he has made a lot of profit from Bitcoin that he should have bought the car despite the dip. I think that if we have made profit and our long term goal of holding Bitcoin matures we should spend the Bitcoin because it is our money. No need to consider whether it falls into bull run or bear run because we are in already in profit over the years.

well is a major concern to its holder because everyone is entitled to his own opinion so if you decide to hold till the next bull run to make more profit then is up to you but if you decide to sell maybe because of some kind of problem or more then is fine. But my take is what ever you do with your coins is up to you but my advice is to use it wisely.

[Mr_Brilliant$]

I know that Bitcoin is good to hold for many years so that it's value will increase very well and you will make a lot of profit. What if you have long term plan on what to do with your Bitcoin like in the next 8 years and it happens that it fall into bear run at that time meaning that price has dip. What will you do, will you go ahead and sell or hold it till the next bull run?

With this you’ve said, I don’t think you really understand what the term investment really is.. Because if you do you wouldn’t sound this way. Because firstly investment are not meant to be spent like money, they are investment and not casual dispensation money, so when you sound like don't regret to spend your Bitcoin… That means you haven’t gotten the right mindset toward you Bitcoin investment..
Maybe you’re just buying Bitcoin for quick profit, or another form at which you store money..
But for me though, I’m not interested in spending my Bitcoin, I’m looking at long term investment, and I have targets to reach..

[Somto9Light]

I understand your thoughts but still it is my money my investment and I get to decide when and how to spend it, people that are holding Bitcoin on a long term goal have made their calculations and they know exactly when to pull it out and make profit .

As an Investor you can only calculate the time you would spend in your accumulation journey, then after you must have reach your investment target then you can start to figure out if you're in profit or not. But if if it's to calculate when to sell and when not to sell when you have not reach your investment goal then I would say that it is almost impossible due the volatile nature of bitcoin, if you're lucky to reach your investment goal when the market is still in a good condition then you are free to sell your bitcoin and take profit, then if you didn't meet it at the right spot then you have to keep making the HODL until it surge again.