Ninjastic
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Board Bitcoin Discussion
Re: It is ok to sell your Bitcoin.
by
BenCodie
on 13/02/2023, 18:21:08 UTC
Quote from: S A KHAIR on Today at 12:39:53 PM
Quote from: Henrobakkara on Today at 11:37:33 AM
Quote from: summonerrk on February 08, 2023, 05:47:13 PM
Quote from: Obari on January 16, 2023, 08:49:12 PM
~ Do people hodl just because others are HODLing?
~ Why do people hodl rather than sell and buy again when low
~ What is your major reason for HODLing and how do your survive the bear market?



When the cryptocurrency falls, newcomers panic. They don't realize it's A SALE. And experienced people buy it without succumbing to emotions. Absolutely logical action, since it follows the golden rule in the world of trading - buy when the coin is cheap, and sell for expensive at the top of the price. In the future, the price of bitcoin may fall even lower, so now you should not buy with ALL the money. It is always necessary to leave financial room for maneuver. In our case - additional purchases. Keeping bitcoin without sales and purchases is not right. I think you should always balance between BTC and USDT.
Right, so I really don't get the logic of HODL forever without taking advantage of the market opportunities as in the Bull and Bear markets. I still believe in the idea of investment which is making a profit hence it is practically OK for you to sell your Bitcoin so long as you are doing it the right way of buying lower and selling higher, taking profits and doing it again around the market circle. 

No one forces you to hold, if you have the ability to make a profit, you should not ignore it. Holders because they don't want to take risks in the short term, the trade may or may not be profitable, but holding will almost certainly be profitable. I also want to hold bitcoin long term, I believe long-term bitcoin will give a better return than trading.

The best strategy is to balance your necessities with your holdings to enable you to hold for a long period of time. In conjunction with what you said, this means capitalizing when it is necessary to capitalize. Take small amounts on the rises and with the excess profit, buy back lower later. Keep a small reserve for this strategy while locking away your lifetime savings in a cold wallet. A good balance means longer hold and more gains without pain along the way!