Not all at once, but it is wise to take profits?
Selling all at once might let you miss on profits, never selling anything is greed, which might make you miss all profits.
Selling in portions at certain price levels/points on time.
Forgive me my pointing towards price. My intention is not merely subjected towards Stackers on SN, but for everyone everywhere.
So, I believe maxis won't sell at any point of price but let's give it a thought for those who are into Bitcoin for making some overnight profits.
I think the percentage of those creepy anti-maxis should easily surpass the percentage of true maxis. Sadly, that's the world we live in!
So, what's your approach/strategy/the Bitcoin plan?

Sell or HODL?

Why would I sell good money for bad?
That being said, if I had something in mind that I wanted or needed the money for like extinguishing student loan or credit card debt or putting a down payment on a house I would be willing to sell some to do that but I am not in that situation so I don't need to sell good money for bad. I will keep stacking.
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Thanks for the response. Also, it's more practical answer. Selling some to get rid of fiat totally isn't a bad idea.
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Honestly, depends.
If it's at 100k tomorrow due to some big development, like USA adopting Bitcoin for its treasury, or something like that, It's just what expected of Bitcoin, so I hold, because it's going higher.
If it spikes to 100k due to some exchange bug or a whale mistakenly market-buying, I'll take a risk a swing it, selling some at 100k and expecting to rebuy at lower prices.
That being said, greed always results in less sats, so I'd always lean into holding as the safer option.
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The premise of your question is that fiat is money and bitcoin is an investment. I doubt any of us ran out and bought a bunch of Yen, in the name of profit taking.
If the purchasing power of Bitcoin jumps, I may be more inclined to buy something with it, but I'm never going to be interested in exchanging it for fiat.
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Yes, the premise of most of these "sell" questions is wrong. They are not "selling bitcoin", they are "buying dollars".
What if I told you about a shitcoin that was $30 trillion dollars in debt, run by an octogenarian lifelong scammer, and had no apparent means of ever paying back it debt.....when does that ever look like a good deal?
I AM NEVER SELLING! I will however buy things as I need them.
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No, it's not. May be my presentation is a little odd.
I truly believe that SN people won't do it for fiat but what about others?
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Lots of finance people day trade bitcoin as though it were any other asset. That will certainly continue for a long time.
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It's sad but true my friend.
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Hold wait for the 100k dump and buy more
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I wish I could. tight budget & bills have me selling some recently, not by choice. Let's Go Brandon! bidenomics suck! please Zap me! 😅
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I’m not a trader ;)
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HODL, the answer is always HODL
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30 sats \ 1 reply \ @NoIdols 13 May
This whole sell/hodl narrative is total bull****. Everyone has a unique financial situation and his own needs. Also, if all your money is converted to BTC than you spend ("sell") it on daily basis...
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I like you answer. Impressive
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Not all at once, but it is wise to take profits?
What profits are you talking about. For me profits from Bitcoin mean that I want freedom of money. For me it's the best hedge against inflation and it's more of my best asset. And as they say, never sell your best asset, so won't sell, just HODL.
A tricky question though. Lol.
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It seems you are a true maxi. Best of luck.
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I spend Bitcoin. However, I don't think that's what you mean. If you are buying and selling (trading) you are not moving to a bitcoin standard.
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I was just asking my friend. I am not a trader.
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Yeah, good luck, man.
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Thanks
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I would continue to hodl, because I have no intention of selling my Bitcoin for fiat in the short term, as long as Bitcoin continues to work as it does today, I am not interested.
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Thanks reply. Answer is as expected
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HODL !!!
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As expected
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$200k, rebuy at $120k
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I regret not buying more, and yet continue to buy more $100k at my stack isn't getting me out of poverty, gotta keep on keeping on, lifes a garden dig it
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never selling anything is greed
HODL is the opposite of greed.
How greedy must someone be to spend a token he can earn back tomorrow in order to benefit from the use of another person's time that they can never get back?
Sell 10 percent
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I don't know how to sell.
And at this moment I'm too afraid to ask how
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Sell for what?
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$Exactly. What is the alternative? Index funds? Money Market Funds?
Put another way, imagine you had $100k sitting in a bank account.
Would you rather have 1 BTC (at $100k/BTC yielding nothing, growing 200%pa [last 10y]), $100k of SPY ETF (yielding 1.6% dividend quarterly and growing ~12%pa [last 10y]) or $100k of Money Market Funds (yielding ~5.4% paid monthly, no growth).
I know I would rather hold the Bitcoin. $100k/BTC is for suckers — we are going to $100M/BTC (1sat=$1) and beyond.
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You are a true Bitcoiner. It will definitely touch $100M/BTC(1sat=$1)
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ive got a spending stack where i never look at price. so wont matter ill keep buying shit and replenishing that stack regardless of price ( all p2p corn ).
i have a 12month horizon stack in my business where i keep excess cash flow i dont foresee needing to spend in near future. i would prolly take some gains from that bucket especially if long term on some of the utxos and i can see ways that the capital can be deployed within the business to scale profit ( held for more than 12 months).
i have a deep cold storage stack in my business that i wouldnt touch only for $100k.