When should you sell your bitcoin?

[Dunamisx]

First consider the term you are buying your bitcoin before thinking of selling it, because this is important as well as the positioning we give towards when to buy or sell to make a profit.

Focusing more on the entry and exit time is what we should see as one of the needful decisions that must be taken and we have to recognize such as part of the major support for how we could be profitable with our choice for choosing Bitcoin and and the corresponding time of buying or selling.

[whiteblue]

If we continually invest in bitcoin for, hypothetically speaking, probably about 10 or 20 years. Is that timeframe sufficient enough to sell bitcoin? Its different from stocks as it does not give dividends and is not like real-estate that helps you preserve wealth as the movement of it fluctuates and is very erratic. Ive also seen some posts on other forums talking that in the far or near future, bitcoin would become a common medium of exchange and would further increase its purchasing power? I find it speculative but its also plausible.

The right time to sell can be subjective. In my personal opinion, perhaps I'd buy a luxury item like the latest Lamborghini or Ferrari (lol), or perhaps I'd do it if I wanted to donate to an orphanage or disability foundation in the future, which wouldn't be a bad idea. Everyone has their own goals when selling their Bitcoin in the future. There's no set timeframe; it depends on personal preference.

Whether or not Bitcoin will be used as a means of transaction like FIAT is now, I believe it will become a superior store of value.

[ASloveapg]

Bitcoin is constantly increasing its popularity, it is becoming more familiar to people and its acceptance is increasing, so its foundation is likely to be much stronger in the coming future. But ultimately we should hold it for the long term and 10-20 years is definitely a reasonable time for this, if we can consistently invest and hold Bitcoin for this period, then we can definitely make significant positive returns from it. But ultimately what we have to remember is that there will be uncertainty, everything depends on uncertainty, even if we continue to invest and hold effectively, in the end we will definitely not get any guaranteed chance of success.

[Fakhrulenclix]

Bitcoin is constantly increasing its popularity, it is becoming more familiar to people and its acceptance is increasing, so its foundation is likely to be much stronger in the coming future. But ultimately we should hold it for the long term and 10-20 years is definitely a reasonable time for this, if we can consistently invest and hold Bitcoin for this period, then we can definitely make significant positive returns from it. But ultimately what we have to remember is that there will be uncertainty, everything depends on uncertainty, even if we continue to invest and hold effectively, in the end we will definitely not get any guaranteed chance of success.

It should indeed be that way, and in this forum, many of our friends keep suggesting investing for the long term and gaining much greater profits, of course a guarantee that is very likely to happen. So I also think the same, and there is no other reason for us who only want instant profits; that will become a regret in the future because we can see that since the beginning, Bitcoin's development has been increasingly significant, so the same thing is also possible to continue happening.