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Author Topic: Hold or sell?  (Read 39300 times)

Offline Z-tight

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Re: Hold or sell?
« Reply #15 on: July 12, 2024, 08:35:07 PM »
We invest only to earn money so that we can use that money to buy basic things and enjoy them. If any person still uses "hodl" after reaching that target, then I would call them a little bit stupid because holding onto something you can spend is not actually beneficial.
I don't think it is stupid, one has to have investments all through their lifetime, and if you take BTC as an investment, there is no reason to sell all of it. Like you said, selling a portion for pleasure is great, and selling to reinvest in other assets and investments is also great, however, selling everything and converting to fiat is not a wise thing to do, and i do not recommend it.

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Re: Hold or sell?
« Reply #15 on: July 12, 2024, 08:35:07 PM »

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Offline JunaidAzizi

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Re: Hold or sell?
« Reply #16 on: July 12, 2024, 08:52:21 PM »
We invest only to earn money so that we can use that money to buy basic things and enjoy them. If any person still uses "hodl" after reaching that target, then I would call them a little bit stupid because holding onto something you can spend is not actually beneficial.
I don't think it is stupid, one has to have investments all through their lifetime, and if you take BTC as an investment, there is no reason to sell all of it. Like you said, selling a portion for pleasure is great, and selling to reinvest in other assets and investments is also great, however, selling everything and converting to fiat is not a wise thing to do, and i do not recommend it.
Well, it's my fault. I think I did not clarify the point, and that's why you misunderstood me. I am not saying that you should sell all your investments and spend it all on your pleasure. Instead, I am in favor of selling some portion of your investment that gives you some profits in the form of holding. In my view, a person has to sell some part, not the whole, but some percentage so that he can understand that this is a clear profit, and spending it does not cause any trouble. In my previous post, I gave my suggestion to those people who reinvest and do not spend a single cent for their pleasure. That's why I called them a little stupid. However, all fingers on a hand are not equal; similarly, every person has their own thinking and view. I think we should show respect for their thoughts.
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Re: Hold or sell?
« Reply #16 on: July 12, 2024, 08:52:21 PM »

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Offline yhiaali3

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Re: Hold or sell?
« Reply #17 on: July 12, 2024, 09:27:00 PM »
Everyone has a different strategy when Bitcoin reaches the expected ATH of 100K$, for me I think I will sell about 50% of my Bitcoin at 100K$ and keep the rest.

If the price falls again, I will buy more quantities instead of the quantity I sold, and if the price continues to rise, I will sell the remaining 50% at the price of 120-150K$.

But I will definitely go back and buy from the bottom again because it is known that after the peak the price will return to decline.

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Re: Hold or sell?
« Reply #18 on: July 12, 2024, 10:37:43 PM »
Many of us are eagerly waiting for Bitcoin to hit $100k. Are you planning to sell after Bitcoin hits $100k? Or are you planning to make your investment last longer?

Selling doesn't have to mean you're done investing in bitcoin. A lot of investors aim to time the market, sell at the top and buy back again at the bottom of bear market.
Making decisions based only on the price is not optimal. It's better to use more indicators of whether or not the peak of the cycle is reached.

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Re: Hold or sell?
« Reply #19 on: July 12, 2024, 11:46:03 PM »
Many of us are eagerly waiting for Bitcoin to hit $100k. Are you planning to sell after Bitcoin hits $100k? Or are you planning to make your investment last longer?

Selling doesn't have to mean you're done investing in bitcoin. A lot of investors aim to time the market, sell at the top and buy back again at the bottom of bear market.
Making decisions based only on the price is not optimal. It's better to use more indicators of whether or not the peak of the cycle is reached.
If you have the ability to hold then it is better to hold
If you Don't have ability to hold and if you Don't have enough money to spend for your daily expenses then sell

Bitcoin is totally freedom. you can anything here you want. but if you are able to hold bitcoin for long time then it will better for you and it will bring good profit for you sure...
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Re: Hold or sell?
« Reply #20 on: July 12, 2024, 11:58:06 PM »
Many of us are eagerly waiting for Bitcoin to hit $100k. Are you planning to sell after Bitcoin hits $100k? Or are you planning to make your investment last longer?
Everyone is waiting for $100k. But it seems to wait for a long time, it is predicted to see Bitcoin around $100k in Q4 of this year or in the next year (2025). Sure, I plan to sell my Bitcoin at $100k but I plan to keep some of my Bitcoin. I assume Bitcoin may cross $100k and it is possible to reach $150k. But I make sure that I won't keep more than 20% of my Bitcoin on the wallet. 80% of my Bitcoin will be sold at $100k.

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Re: Hold or sell?
« Reply #21 on: July 13, 2024, 12:01:30 PM »
Everyone is waiting for $100k. But it seems to wait for a long time, it is predicted to see Bitcoin around $100k in Q4 of this year or in the next year (2025). Sure, I plan to sell my Bitcoin at $100k but I plan to keep some of my Bitcoin. I assume Bitcoin may cross $100k and it is possible to reach $150k. But I make sure that I won't keep more than 20% of my Bitcoin on the wallet. 80% of my Bitcoin will be sold at $100k.

To be fair, placing a sell order at exactly $100k is not very wise. Given that it's a round number with a lot of psychological weight to it, it's expected that A LOT of other people will have it set as a selling price, meaning the sell wall and resistance could be huge. If you're happy to sell at $100k, then selling at $95-99k wouldn't make that much difference to you, and it would help you avoid your order being stuck in a massive sell wall.
And if you think that we will easily get through the $100k mark, then why not set the sell order at a higher level?

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Re: Hold or sell?
« Reply #21 on: July 13, 2024, 12:01:30 PM »


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Re: Hold or sell?
« Reply #22 on: July 13, 2024, 07:08:38 PM »
Many of us are eagerly waiting for Bitcoin to hit $100k. Are you planning to sell after Bitcoin hits $100k? Or are you planning to make your investment last longer?
Yeah I might sell because in my opinion this will be the top of the market and BTC won't make above it, so it would be better to book all of some of the profit here and then wait for the market to go down like at around $30k or maybe $40k, which will probably happen in the next bear cycle, and then we should fill our bags again with the capital and profit we will make now (Insha Allah).

If a member aims to hold BTC for the next 10 years then they will definitely pass this cycle and they even won't be seeing the market. Because they are playing the big game. So yeah people with long-term plans will hold and others will take profit and repeat the process.
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Offline Jamal Aezaz

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Re: Hold or sell?
« Reply #23 on: July 13, 2024, 09:38:44 PM »
Some people will keep their Bitcoin longer even if it touches the value of 100k$ but this is not a good idea because nobody has any idea when it will go further high after achieving 100k$. It is necessary to sell your Bitcoin at 100k$ otherwise you will wait for another four years to see this value again in life because reaching all the time high is not easy to get after a few months.

Everyone will have different concepts but most of the people will prefer to sell their coin at 100k$ because this value is also very hard to get and many people are waiting to see such value as they have targeted to sell their Bitcoin when it attains 100k$ which is possible to happen in 2025
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Re: Hold or sell?
« Reply #24 on: July 13, 2024, 09:56:30 PM »
Many of us are eagerly waiting for Bitcoin to hit $100k. Are you planning to sell after Bitcoin hits $100k? Or are you planning to make your investment last longer?
Obiously, I will keep holding bitcoins for now, I am not sitting with the target of selling only 100k bitcoins, my target is bigger, I want to hold one or two more cycles. Although there is currently market manipulation going on, this has put a bit of FUD in my mind like everyone else but I will not let it grow and continue my holdings.
If the market means below 40k then I will continue holding. Besides, I will continue my investment for long-term through the DCA strategy. Those who will step into the trap of this market manipulation will only lose themselves.

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Re: Hold or sell?
« Reply #25 on: July 13, 2024, 11:04:52 PM »
I will withdraw some amount and will enjoy it because what is the aim of making money if we are not enjoying it but only using it to make more and more. Enjoying your investment is one of the good plans because those who have extra source of income and there main source of income is not trading they must enjoy there profits time to time. Using the profit for self improvements and for fun keep a person motivated and clears the head.

I plan to hold until $1 million but only if I don't need to withdraw them to fiat. Who want to sell BTC while they know it can touch $1 million in upcoming decades that we can see. But same issue is what's the benefit of making money while not enjoying it. I will sell and use some funds depends on the situations.
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Offline nakamura12

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Re: Hold or sell?
« Reply #26 on: July 13, 2024, 11:16:57 PM »
Selling all of your bitcoin is not a wise decision in my opinion. It is much better if you sell part of your asset and hold the rest of your btc. If it reach 100k then you'll surely earn profit because of it and when you sell part of your btc then you still have some BTC left in your wallet because if it did increase more then you can sell the rest of your btc or not (it's up to you) but for me i'll surely sell it and wait for it to decrease before buying BTC again.
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Re: Hold or sell?
« Reply #27 on: July 13, 2024, 11:58:46 PM »
Many of us are eagerly waiting for Bitcoin to hit $100k. Are you planning to sell after Bitcoin hits $100k? Or are you planning to make your investment last longer?
Yes exactly. In fact, I have set several price targets that Bitcoin will achieve to take profits. In fact, it's not even $100k yet, because it's risky if you set it that high, although I think there will definitely be a chance for that amount.

It's just that for me personally, I will start to set my profits at a rate starting above $80k. But do it little by little, step by step, so it's not all-in. Later it will start and take several stages until it reaches the highest possible price, in accordance with market developments.

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Re: Hold or sell?
« Reply #28 on: July 14, 2024, 09:02:08 PM »
-snip-
It's just that for me personally, I will start to set my profits at a rate starting above $80k. But do it little by little, step by step, so it's not all-in. Later it will start and take several stages until it reaches the highest possible price, in accordance with market developments.
More precisely, you do a DCA strategy with a target selling price above $80k.
Before that price is reached, you will buy again gradually, and you can also wait for the lowest possible price to start rebuying.

There will be more opportunities to repurchase at the Dip price, just be patient and do good management, no need to panic because this cycle continues. We will see bullish becoming the next trend after many declines have occurred.

Seeing how the current fundamentals are quite supportive for bitcoin to rise and move to a higher price.

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Re: Hold or sell?
« Reply #29 on: July 14, 2024, 10:29:29 PM »
Not sure but a lot of Bitcoin holders will rather be happy to see Bitcoin reaching that amount of $100k price, what I am not sure of is, if they are willing to sell at that price, some bitcoin holders will rather prefer to hold their bitcoin and be ok with it as long as the value of their coins keep increasing their will bw ok with that, instead getting involved amd engage with the market volatility of bitcoin that see them jumping off the market when the price it at it uptrend rough.

But for me, I think if and when Bitcoin gets to $100k I will sell some of my Bitcoin holdings, to sort out some of my projects and immediate needs.
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