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

[Agathamay]

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.

one funny thing about and humans is that, the moment we achieve a particular goal, we also tend to set more goals for ourselves even without reaping the dividend of the previous one which isn't a good one. as a holder, i already have my target an the moment the price of bitcoin hits my expected target price,  i have no other option but to sell especially if there is a need for it.

i am not against people's choices of either holding or selling, but what truly matters is that they are doing so for a just reason else you might just be making some sort of mistakes that you might not even believe you did and since i'm not a financial expert to give financial advise, i would advise that, we all do our research to determine what's best for us in the market.

[Mr intelligence]

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.

If I may know that Bitcoin is not bad but it also have many ways of investing or insecure in very important point it make sense or something have way more years to plan for it very like that to be in control of Bitcoin price for that a dip of sale or buying the many he to make profile and want for some year to adive make people dey think before he goes high cost financial access you have ahead of it the people told about Bitcoin price is makes a difference way of understanding forward to into it to germinate it also with friend to hold a portion if.

[DiMarxist]

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 don't think that your friend is greedy simply because be did not spend his Bitcoin holdings because, the price is down temporarily and he has refused to sell for the main time. What you have to know is that when it comes to Bitcoin investment every one investing has their targets and when they intend to sell so, if the current price doesn't meets up with their targets you should not call them greedy if they refuse to sell. This is because their targets and expectations are not yet met.

[Itz-prisigold]

Once you have goals in mind and have made a profit from Bitcoin over the years,  go ahead and use your profit when your goals are ready. Sitting on profit and waiting for prices to go even higher means missing out on goals. Of course,  holding for long periods can payoff in some cases,  but holding to the point where it cost you your goals or your happiness is unreasonable.

Look at your friend. He was planning to buy a car with his Bitcoin profits,  but it seems that is going to be a long time coming because the price is currently below $100,000. Honestly, that is just greed. The purpose of Investing is not only to grow wealth on paper but to improve your life and achieve what you planned to do in the first place. If your Bitcoin has increased in value over the years,  you are already in profit. Holding on for a little longer to wait for your next bull run is silly.

Smart investing means understanding when to take profits,  enjoy the rewards and make life decisions without fear or greed taking over. Your bitcoin is your money and don’t regret spending it, so use it to fulfill your goals,  after all money is meant to serve your life, not just your portfolio.

[DubemIfedigbo001]

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.

one funny thing about and humans is that, the moment we achieve a particular goal, we also tend to set more goals for ourselves even without reaping the dividend of the previous one which isn't a good one. as a holder, i already have my target an the moment the price of bitcoin hits my expected target price,  i have no other option but to sell especially if there is a need for it.

You make a very descent point here, there is always a big difference between a need and a want,. Maybe for Op's friend, the car is not a need yet which validates why he thinks he must have to wait until the next ATH. Every investor is at liberty to make investment decisions that best suits him, it is not a very bad idea to make such decisions,. Bitcoin may se a higher ATH after 2028 halving, then maybe they guy would want to sell a smaller portion of his holding then and get the car he wants.

OP may even have placed himself in the blame way if he had motivated his friends to buying the car and later bitcoin touches a new ATH.  His friend may not have it easy with him for pushing him to sell more sats earlier in order to get the car.

[Achalugo BTC]

Sure, no body dey argue with you on that one but the way accumulating bitcoin hard reach, the time it takes no be waiting we go just use am anyhow because if them tell you say make you start the accumulation journey over again you fit no get the determination again even if you go try force your self to do am but believe me no be that same energy you carry for that first time you go take go for the second round na waiting make we dey advise people way don build thier bitcoin portfolio go far to they careful on how they use their bitcoin even though they have every right to do whatever it is that they want to do with it.

Normally, e hard for one to accumulate their Bitcoin over again, but no mean say person no go fit do am, e get some people self go carry pressure accumulate again pass the energy wey dey carry for the first time self, which I don witnessed self, especially for one who truly understand how beneficial and helpful Bitcoin is. But that doesn't mean that one won't still be careful and cautious of how they handle their assets.

[Mr_Brilliant$]

Well, you dey right but people supposed understand say for anything wey concern Bitcoin, people has the right to decide what to do with their own, as no body get am for them. But e dey important to know that as you get right to decide wetin you go do with am, whether it rises or it reduces, make you also dey ready to take responsibility for whatever thing that will happen, because in Bitcoin anything can happen at any moment, which is why one has to be careful and cautious at all.

Sure, no body dey argue with you on that one but the way accumulating bitcoin hard reach, the time it takes no be waiting we go just use am anyhow because if them tell you say make you start the accumulation journey over again you fit no get the determination again even if you go try force your self to do am but believe me no be that same energy you carry for that first time you go take go for the second round na waiting make we dey advise people way don build thier bitcoin portfolio go far to they careful on how they use their bitcoin even though they have every right to do whatever it is that they want to do with it.

Yeah make sense, no lie.

Accumulating bitcoin nor be small thing, the time, patience and discipline wey e dey take ehn… if person lose am carelessly, starting again nor go easy ooo. That first energy nor dey easy to recreate..

But at the same time, I still feel say once it is your asset, you get full right to use am how you want. The main thing na just being conscious… nor just dey spend or risk am anyhow like say e easy to replace..

So yeah, balance dey important..  Protect am well, but nor still forget say na your money at the end of the day.