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.

[Achalugo BTC]

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.

Na true talk sha, person supposed get that consciousness say e no really easy to make money, na why person no supposed dey spend am anyhow like say the money them no dey suffer to get am. Though e dey important make person dey enjoy themselves once in a while, that is to say make them dey use the money to take care of the body wey dey work for the money, because person no fit save money finish and problem no dey finish, but know how to balance am, make you for no allow enjoyment to carry you away.

[liasbaa]

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?

The possibility of price increase is high but if the price of Bitcoin does not increase as expected do not be disappointed. Consider the price decrease or increase as a normal market feature. Structure your Bitcoin investment in such a way and be disciplined in managing your funds because the price may decrease after 8 years compared to today. Accumulation Bitcoin with a discretionary income/ afford to loss fund and be consistent but the amount of price increase may increase a lot in the long term. But be prepared to lose capital but in reality there is a possibility of increasing the size of the capital several times.

Bear or bullish is a normal part of the market but you have to be a part of the market process like a responsible investor because the main purpose of holding Bitcoin is to continue buying and buying until over accumulation.

[Y3shot]

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.

One thing everyone must understand is that it is not everyone that will sell their Bitcoin during the dip. We all have our own different target, some people have it in mind to even extend their investments.

If we see people  still hodling their bitcoin in the dip, their is nothing wrong about it. When you have a target dont let the dip not be the reason to sell your Bitcoin, just keep hodling and make sure you get to your target, then at this point it means you have carried out a successful investment.

[ejikeme24]

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.

No" I doubt if you Said that sitting on profit and waiting for prices to go even higher means missing out on goals. Although you might be right about that, that's in some cases, but I would rather say that it is just an adjustment. Of course an investor have the right to make adjustment probably when he sees that the profit they have made is not enough for them, then an investor can decide to continue his or her investment journey after they must have reach their investment target since there's enough discretionary income Left with them, I can only agree with you when you said it is a missing out of goals that's if an investor did not have the plan to make adjustment.

[Bitcoin.com97]

This talk go well , you make better sense here , but to some person to commot their investment money take spoil themselves dey dey very hard , because when you don think how long way you don dey the journey, e get something way you go wan do , e go come be like financially mistake , to come that far no really easy oooo, way to make money no easy y,  come still accumulate for over 8years , but I be person way believe on order of priority, for am not buy that car , e fit don reason say e never be priority for now , make e still dey hodl till when the time is right , if not on a norms person no suppose regret to spend e money .

[Mate2237]

Snip

No" I doubt if you Said that sitting on profit and waiting for prices to go even higher means missing out on goals. Although you might be right about that, that's in some cases, but I would rather say that it is just an adjustment. Of course an investor have the right to make adjustment probably when he sees that the profit they have made is not enough for them, then an investor can decide to continue his or her investment journey after they must have reach their investment target since there's enough discretionary income Left with them, I can only agree with you when you said it is a missing out of goals that's if an investor did not have the plan to make adjustment.

Any investor who will readjust his original target simply to get more profit is acting on greed, which to me is not necessary before planning on going into Bitcoin for those who wants long term investment plan should spell out their investment targets clearly and define them as that will help guide their decisions making process more easily. Following a defined investment targets is one thing that every investor should do for effective investment.


Even though we can hold for as long as possible it's good and advisable that we follow from time to time spend our Bitcoin accumulation for the sake of profit maximasasion , and this is were following your goals come into play.

[RockBell]

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.

Everyone has the right to do whatever they want with their bitcoin, so let's not even go there because it's their money. Let us be confident about all these things we want to do, and if they want to spend their bitcoin, they should go ahead. To me, it is not a big deal, and another thing is that just because someone does not want to spend their money does not mean they are greedy, and from what I am looking i don't think we can decide for anybody, definitely anyone that is holding will defiantly sell but the timing will be the same because the reason for investing is to make money anything other than that is actually play.

[Money bag]

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.

Your friends decision was his own to make the same way your decision is also yours to make, there is actually no rush as to when you can start spending your bitcoin, if you as a holder senses that you are at the point where you can spend from your bitcoin holdings then it's entirely your right to spend it, you shouldn't be holding your friends decision against him especially with how low bitcoin went during December when compared to the last ATH before then, plus maybe your friend's goal was to buy a car provided that bitcoin was still over $100k so them moment the price went below that threshold he couldn't buy the car again. He can always still buy the car on a later date like day when bitcoin cross the $100k threshold again.

[Makus]

This talk go well , you make better sense here , but to some person to commot their investment money take spoil themselves dey dey very hard , because when you don think how long way you don dey the journey, e get something way you go wan do , e go come be like financially mistake , to come that far no really easy oooo, way to make money no easy y,  come still accumulate for over 8years , but I be person way believe on order of priority, for am not buy that car , e fit don reason say e never be priority for now , make e still dey hodl till when the time is right , if not on a norms person no suppose regret to spend e money .

Life is short, this isn't persimmistic statement it's just a reminder that we can work hard to make a lot of money and you cannot tell what happens the next minute, there are people that have died and couldn't spend all the Bitcoin that they have accumulated and at the end of the day they don't spend any of it. One thing I've learnt as an investor is to always reward myself at the right time, just investing continuously has no purpose. Buy what you need and have no regrets because that's the entire purpose of living. Self care is very important.

[ejikeme24]

Snip

No" I doubt if you Said that sitting on profit and waiting for prices to go even higher means missing out on goals. Although you might be right about that, that's in some cases, but I would rather say that it is just an adjustment. Of course an investor have the right to make adjustment probably when he sees that the profit they have made is not enough for them, then an investor can decide to continue his or her investment journey after they must have reach their investment target since there's enough discretionary income Left with them, I can only agree with you when you said it is a missing out of goals that's if an investor did not have the plan to make adjustment.

Any investor who will readjust his original target simply to get more profit is acting on greed, which to me is not necessary before planning on going into Bitcoin for those who wants long term investment plan should spell out their investment targets clearly and define them as that will help guide their decisions making process more easily. Following a defined investment targets is one thing that every investor should do for effective investment.
Even though we can hold for as long as possible it's good and advisable that we follow from time to time spend our Bitcoin accumulation for the sake of profit maximasasion , and this is were following your goals come

In as much as I will like to agree with you I also want to let you know that there  are some investors who has already set their target, let's say their target is to accumulate 0.2btc let's assume they have achieved their investment target, and after that they still figure out that they still have enough discretionary income to continue, for people not to call them greed are you suggesting that they should hold on to it and
Take the available profit they have?  Come on, you should know that not all investors that is tied with proft some investors might focus on stacking bitcoin since they still have the capacity to do so,  because they know that in the future it will help them even when they retired.

[Pikiboy]

Sometimes to that your friend ,buying of car is not a problem maybe he has realized that car is not an investment but another bothering and extra load to him, you know some people buy car without reasoning otherwise, for example if that your friend purchase that car with that little profit he has grab,his going to run a lost because by the time he buy that car and began to maintain the car almost all the profit is invented to that car and it becomes no productive to him and nothing he has achieve,op, see every investors think what will increase there income and not a liability, secondly because is our money doesn't mean we should not use it wisely.

[Tinubu]

Your friend is not greedy. He has a target unlike who think impulsively. Just because he has made a profit, you are forcing him to sell his bitcoin when he has not reach the desired target. I like what your friend did for not listening to you. If I was in his position, I will make it clear to you that your advise is wrong and I wont sit and listen to it. It doesn't matter how long it will take him to achieve what he want, he is willing to wait while investing more.

[Inior]

Your friend is not greedy. He has a target unlike who think impulsively. Just because he has made a profit, you are forcing him to sell his bitcoin when he has not reach the desired target. I like what your friend did for not listening to you. If I was in his position, I will make it clear to you that your advise is wrong and I wont sit and listen to it. It doesn't matter how long it will take him to achieve what he want, he is willing to wait while investing more.

You talk true, the guy get target na why e refuse to sell for that price so after bitcoin don drop. If to say na me seff na same thing I go do. The chances of bitcoin to get back to 100k no be chais oo but if at all e fit still rock am na just time go determine. Person wey get this consciousness no supposed to dey hurry for life because life na jeje, e better to work with fact than to work with emotion because of say e wan buy car no means sa make e let the over excitement to make am make the wrong  decisions.