Post
Topic
Board Bitcoin Discussion
Re: Shall We Hold Our Bitcoin Like Gollum?
by
tulpash
on 08/09/2021, 15:48:11 UTC

Personally,  I have sold some of my coins in the current bull run. The gains were enormous,  and I think we will face a big bear market in the upcoming months or years.

Taking small profits now will make me feel better in a bear market, so that is what I did. If it helps you feel better and act more rationally in a bear market if you sell some now, you should do it as well.

As mk4 said, we are all free to do whatever pleases us. Imo, you should never regret taking profits, even if the price gets to new ath later on. Acting rationally is what matters,  and nobody can predict the future.

I would say we will drift with the trend, wait patiently and sell to buy back at a lower price. Enjoy the profits and enjoyment of redeeming Bitcoin as Gollum reclaims his treasure.


Obviously it’s nice to take some profits at times. I’ve been HODLING since 2014 & sold hardly anything. I will make bigger sells in Q4 though as I expect more ath’s towards the end of 2021. Never sell your whole stash though, bitcoin is going to gain more & more mainstream adoption as the years pass. We will probably see $1,000,000 per coin in the next 20 years.


Before Bitcoin reaches $1 million it will have to undergo a value adjustment. I would sell at $100k or $150k or perhaps $200k and buy back at lower.
My imagination looks so beautiful. I would be very happy if that happened.