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

[Asiska02]

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 reason why we invest is to make profit and when we are seeing the profit and not taking it because we are waiting for it to reach another milestone which we didn’t plan for earlier, then that has turned into greed and we may end up regretting not taking the profit in the first instance. At the verge of investment, it is important to know what your profit target is, at the price you want to exit the market and not just wait for the market conditions to decide that for you.

Bitcoin is very volatile and very unpredictable, so if you’re investing into bitcoin, you should have a proper profit target that you should look up to regardless of what the condition of the market will be, you should be looking up to taking profits when the market reaches that price. If your friend had one and the price did not get there before it dipped, I won’t blame him for still holding but for not having one and saw a huge profit and didn’t take profit, I’ll call this greed. In the end of it all, make decisions most that will favour you and don’t think twice to take profit, no one has ever loss in taking profits before.

[Dareo]

Your friend may not be greedy, but mentally he is not ready to sell yet. Many times people buy not money, but security for the future. Bitcoin may be more important to him than a car, a belief. Again from a practical point of view, you are right, if profit does not increase the quality of life, then what is the point of profit? In my opinion, the problem is not bulls or bears, the problem is indecision. If the goal is to buy a car, then the conditions should have been fixed in advance. Otherwise, it will always seem like it would have been better to wait a little longer.

[CryptoHeadlineNews]

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.

Using the phrase "greedy" in such instance is very wrong, because for me, I can boldly say that he is not been greedy but rather strategic and calculative with his Bitcoin investment. Because who knows if with the current value of Bitcoin, the amount he owns isn't worth the amount of his dream car? So I don't see anything wrong with someone not wanting to spend his Bitcoin and money. Because what he just did right now is the true quality of a Bitcoin investor, which has to do with patience and timing, because assuming he had sold his Bitcoin when it's value was at $50k per BTC, where do you think he would have gotten the one he intends to buy car with now? So please let him be, because the longer he holds his Bitcoin, the more it's value is likely to skyrocket more.

[fredericktaylor]

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 reason why we invest is to make profit and when we are seeing the profit and not taking it because we are waiting for it to reach another milestone which we didn’t plan for earlier, then that has turned into greed and we may end up regretting not taking the profit in the first instance. At the verge of investment, it is important to know what your profit target is, at the price you want to exit the market and not just wait for the market conditions to decide that for you.

Bitcoin is very volatile and very unpredictable, so if you’re investing into bitcoin, you should have a proper profit target that you should look up to regardless of what the condition of the market will be, you should be looking up to taking profits when the market reaches that price. If your friend had one and the price did not get there before it dipped, I won’t blame him for still holding but for not having one and saw a huge profit and didn’t take profit, I’ll call this greed. In the end of it all, make decisions most that will favour you and don’t think twice to take profit, no one has ever loss in taking profits before.

Of course, the main purpose of investing is to make money, and when you wait for more money despite see a specific profit, it turns into greed. When people are driven by greed, they do not understand good or bad, greed always leads to destruction. Bitcoin's price fluctuates rapidly, so none of us know exactly when the price of Bitcoin will increase or decrease, so it is better to set a goal in advance and not delay when the right time comes because time waits for no one, so it is wise to take the right steps at the right time, otherwise it is foolish.

[Miles2006]

No investor will want to sell when the price is low, experienced investors time the market movement and sell when profitable. No one wants a loss so clearly your friend in question made the right choice, I don’t think op understand what selling really means else you’ll know selling has a different strategy and investors who follow the appropriate strategy will not regret for example having a well nice portfolio and withdrawing a specific amount is planned ahead of time definitely an investor will take out the amount when the right time comes but, not when the market is not in a stable state.

[Call_Me_Guru]

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?

This is where the discipline of goal comes in. Is your goal to HODL or liquidate it at every cycle or at some ATHs? That should shed light on what is right to do in this situation. Bitcoin investors should have their investment plans before investing to avoid contradiction of purpose.

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

Your friend could be greedy by what greed means but you can't blame him. That is the way people would say he was greedy when bitcoin was at $50K, leaving it until it gets above $100K ends in appraisal. What if he left and bitcoin hits $250K? His calculations were wrong this time and he is not perfect. He is used to it, bitcoin that is below $100K now will be above $150K one day and he will make more money. Instead of blaming him, I respect his spirit of HODLing.

[ASloveapg]

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 reason why we invest is to make profit and when we are seeing the profit and not taking it because we are waiting for it to reach another milestone which we didn’t plan for earlier, then that has turned into greed and we may end up regretting not taking the profit in the first instance. At the verge of investment, it is important to know what your profit target is, at the price you want to exit the market and not just wait for the market conditions to decide that for you.

Bitcoin is very volatile and very unpredictable, so if you’re investing into bitcoin, you should have a proper profit target that you should look up to regardless of what the condition of the market will be, you should be looking up to taking profits when the market reaches that price. If your friend had one and the price did not get there before it dipped, I won’t blame him for still holding but for not having one and saw a huge profit and didn’t take profit, I’ll call this greed. In the end of it all, make decisions most that will favour you and don’t think twice to take profit, no one has ever loss in taking profits before.

Of course, the main purpose of investing is to make money, and when you wait for more money despite see a specific profit, it turns into greed. When people are driven by greed, they do not understand good or bad, greed always leads to destruction. Bitcoin's price fluctuates rapidly, so none of us know exactly when the price of Bitcoin will increase or decrease, so it is better to set a goal in advance and not delay when the right time comes because time waits for no one, so it is wise to take the right steps at the right time, otherwise it is foolish.

Greed always leads people to certain losses, that is why we should never be greedy. Decisions should be made on a realistic basis, everything should be in limited quantities, do not expect anything extra, if you expect anything extra, you will lose what you have achieved now. So accept your limitations. Everything has its limits and nothing in excess is good, so maintain a contentment attitude in everything, along with making decisions on a realistic basis, we should never expect anything that is maybe  impossible.

[Agathamay]

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.

I'm sure you couldn't understand his point of view because you're not a holder and there're things that are best left unexplained and rather experienced because as a core investors, you are not supposed to sell below a high price when they know for sure that it will rise.

I do understand that most times, holders make it seem like selling their coins(holdings) is a crime but the truth is that, selling at loss isn't a good idea and no actual holder would intentionally sell below an ATH price just to buy luxury or better said liability.

[rachael9385]

One of people's mistakes when it comes to bitcoin investment is being greedy after hitting their target, there is nothing wrong in holding for years but if you finally hit your target it is very important that you take your profits and use it for something important. changing your mind to wait to make more for a longer period of time is just a display of greed and you might even end up incurring losses

[Stable090]

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.

If u hold bitcoin for 8 years, and when you wan sell d bitcoin back e don enter during bear market already. I will say if u buy bitcoin around maybe $100k right now, in d next 8 years wey u talk bitcoin price fit don increase go maybe $200k, and if bear wan happen during that time, bitcoin price fit no drop reach price wey u buy am before, so even if u choose to sell after 8 years, u go still Dey profits.

You know how many times wey bitcoin go don pump before that 8 years self, so even if dip wan happen e no suppose reach the price wey u buy am.

What will you do, will you go ahead and sell or hold it till the next bull run?

Incase if something like this happens, then it’s ur friends choice, him fit decide say him go sell d bitcoin like that, but if na person wey gallant well, then him go just leave the bitcoin, if d price don bounce back, na to sell am give anybody wey want.

[Stalker22]

~

Your friend is not being greedy; he is being smart, while you are being impetuous and shortsighted in your view of the situation.  Your friend views Bitcoin as an asset and not as a bank account, so there is a sizable psychological difference between selling Bitcoin at $105,000 or $92,000 to make an arbitrary deadline of "December."

It is clear that your friend does not need to buy a car now; however, once he buys a car, it begins losing value right away.  Historically, Bitcoin has done the opposite.  If your friend waits until it reaches a new ATH, then he might be able to buy the same car with a smaller percentage of his stack, and that is not greed; it is simply being smart with his investment.

[DaNNy001]

one thing that brings a lot of people losses in bitcoin investment is greed, i know a lot of people that lost during the last dip because they wanted to wait a little longer for the price to keep increasing even after they already hit their target...this is greed and it shows that you are not diciplined...if you plan to take profit at a particular amount you must do so without allowing yourself to get distracted but if you plan to  run a long term investment you can do that