Quote from: bounceback on Today at 07:20:05 AM

Quote from: Greatest2020 on October 24, 2021, 09:27:34 PM

So I keep hearing HODL, HODL, keep holding and all that. My simple question to everyone is "when is actually the right time to sell Bitcoin or we don't ever sell it"?
How then do we say we have made money from it if we don't sell?

Hold is a good strategy to use to avoid losses when the market price has experienced a significant decline, but then when the market price has recovered usually the holders will sell the asset to take profits or they will continue to hold it for bigger profits if the market price continues to rise higher.

That is a good strategy and I have applied it a couple of times this year during February 2021 when the price was near 60.000 dollars I sold some and bought a new mining rig and during latest bull run in October where I sold some with 62.800 dollars.Of course the larger pie I hold it for at least 100.000 dollars for a Bitcoin but some I usually sell at these high prices.Also do not worry about the price decline during the holiday season right now,it happened the same last year and soon after that Bitcoin boomed to a new all time high,so hopefully we can see the same pattern this year too,only at a much larger scale.