When do you think is the right time to sell your long time saved bitcoin?

[YOSHIE]

When do you think is the right time to sell your long time saved bitcoin?

You are talking about saving/investing, of course the situation is that you buy Bitcoin at a different price, you could say that this month you bought Bitcoin at a price of $70k, the previous month you bought it at a price of $75k and so on.

In most situations like that, generally they will sell when the Halving occurs once every four years, meaning that if you want to sell you must have a target, for example the average capital you spend varies, namely $80k, $70k, $60k and so on, When the price of Bitcoin rises to $120k-$150k you can sell it, automatically by rough calculation you already have a real profit.

[Cgrexp]

When an investor reaches a point where they no longer need to buy more, it may be reasonable to stop investing. However, the main challenge is to accurately determine when an individual has reached a level of over-saving. There is a risk of prematurely stopping buying or timing sales incorrectly due to incorrect valuation. An individual can usually acquire this valuation skill by accumulating Bitcoin over a long period of 4 to 10 years or more. Many investors, in particular, tend to sell too quickly without accumulating enough Bitcoin or make mistakes in managing their holdings. They may fail to apply the right policies, such as withdrawing at a slower rate than the Bitcoin price is increasing. Therefore, balancing confidence and realistic valuation is the key to sustainable Bitcoin management.

[purple_sparkles]

Everything depends on the price at which you bought your bitcoin or a part of it. Based on that, the selling price should be higher than your entry price, in other words, buy low and sell high. It is necessary to have patience and an understanding that the price can go far down for a period of time, and that the next growth phase needs to be waited out. This may take more than one year, so you have to give yourself that time and avoid panicking.

[Ishicryptic]

The whole thing now narrows my burden to this question about the right time to sell putting Memento Mori into consideration,
let me know what you think and don't forget to drink more water and eat more fruits than any other food.

Thanks for the health tip and highlighting the phrase 'Memento Mori ' I'm hearing it for the first time and I checked the meaning, I agree that we should remember that we will die one day. Although I don't think that they really relate to Bitcoin investment, whether we are holding Bitcoin or not we need to take care of our health.

Your question about when is the right time to sell your Bitcoin has been asked s couple of times that I'm aware of, I think that if you can hold for more than two circles that is approximately in 8 years and above you should have made sufficient profit although it's not guaranteed. If that time reaches and you want to take profit or selloff it's your money, if you decide to keep holding it will be your choice.

[alastantiger]

This is a concerning thing that has been disturbing me for a while now, we all know bitcoin is a thing of high value and possessing it is almost the dream of any man who has the right information about it
saving more bitcoin is good and we always advise each other about force sell, in fact during burron you'll hear things like "this is a tempting time but the longer you keep your bitcoin the more it will appreciate" this is true according to the history of the bitcoin network
The whole thing now narrows my burden to this question about the right time to sell putting Memento Mori into consideration,
let me know what you think and don't forget to drink more water and eat more fruits than any other food.

I don’t think there is a universal “right time” to sell Bitcoin, it really comes down to why you bought and what you expected from holding it in the first place. If you entered with a clear plan to reach a certain price, fund a project, solve a real-life need, then selling when that goal is met is not a mistake, even regardless of what happens after selling, it is just discipline. Holding forever only makes sense if your conviction is long-term and aligned with that choice you made before actually holding. Anything that happens after you spend your money to hold depends on just you.

[uchegod-21]

Everything depends on the price at which you bought your bitcoin or a part of it. Based on that, the selling price should be higher than your entry price, in other words, buy low and sell high. It is necessary to have patience and an understanding that the price can go far down for a period of time, and that the next growth phase needs to be waited out. This may take more than one year, so you have to give yourself that time and avoid panicking.

This is a typical behaviour of a trader; they buy low and sell when the price is high. Real investors don't sell simply because the price is high. Real investors have a roadmap they follow, they accumulate bitcoins over time including using the DCA approach. They hodl through several cycles and sell when they believe they've achieved their purpose or when there is an obvious need to sell. Many people who call themselves investors actually do have the mindset of traders. A real investor should have a plan and a purpose, that will tell him when is the best time to sell.

[Sonia_123]

This is a concerning thing that has been disturbing me for a while now, we all know bitcoin is a thing of high value and possessing it is almost the dream of any man who has the right information about it
saving more bitcoin is good and we always advise each other about force sell, in fact during burron you'll hear things like "this is a tempting time but the longer you keep your bitcoin the more it will appreciate" this is true according to the history of the bitcoin network
The whole thing now narrows my burden to this question about the right time to sell putting Memento Mori into consideration,
let me know what you think and don't forget to drink more water and eat more fruits than any other food.

The right time to sell your investment is when you have reached your over accumulation stage, even at that you don't have to sell everything to become a low or no coiner but part of it, then continue investing, so that you will not start again from the scratch and start building up again, it will be very discouraging and will make you lost interest and forget about bitcoin investment, therefore even selling at your over accumulation stage precautionary measures needs to be taken to avoid excessive sale that will later affect you in future.

[AmoreJaz]

Everything depends on the price at which you bought your bitcoin or a part of it. Based on that, the selling price should be higher than your entry price, in other words, buy low and sell high. It is necessary to have patience and an understanding that the price can go far down for a period of time, and that the next growth phase needs to be waited out. This may take more than one year, so you have to give yourself that time and avoid panicking.

Also, if you need the money and you need to cash out but you should at least be on the positive side already. Meaning you are already in profit. As much as possible, don't sell when you are at loss.You invested in this market for the mere thought of gaining some and not on the losing side.

So for me the right time to sell will be -
> if you badly need the money and need to cash out (personal needs or immediate family)
> if you already hit your target profit, already on the positive side
> you are about to invest other profitable assets and you need to sell some of your BTCs

[LastKiss]

Selling every cycle and buying during the bear market for maximum profit would be perfect if someone were really able to do that. Although there is no right time to sell Bitcoin, we can choose our own selling strategy, whether that’s taking 50% profit, selling every cycle, waiting for 100% profit and so on.

Some people are forced to sell their Bitcoin to cover emergency expenses and I still think that is better than borrowing money from others. If we are committed to long-term Bitcoin holding, we should prepare our mentality, because we will see a lot of FUD meant to make us weak hands.