If Bitcoin Hits $100k next day, Do you sell or HODL? \ stacker news ~bitcoin

If Bitcoin Hits $100k next day, Do you sell or HODL?

758 sats \ 37 comments \ @BitcoinAbhi 13 May bitcoin_beginners

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?

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57 sats \ 1 reply \ @grayruby 13 May

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.

21 sats \ 0 replies \ @BitcoinAbhi OP 13 May

Thanks for the response. Also, it's more practical answer. Selling some to get rid of fiat totally isn't a bad idea.

42 sats \ 1 reply \ @Ed_Relight 13 May

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.

1 sat \ 0 replies \ @BitcoinAbhi OP 13 May

👍

74 sats \ 4 replies \ @Undisciplined 13 May

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.

52 sats \ 0 replies \ @freetx 13 May

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.

43 sats \ 2 replies \ @BitcoinAbhi OP 13 May

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?

21 sats \ 1 reply \ @Undisciplined 13 May

Lots of finance people day trade bitcoin as though it were any other asset. That will certainly continue for a long time.

21 sats \ 0 replies \ @BitcoinAbhi OP 13 May

It's sad but true my friend.

21 sats \ 0 replies \ @watchmancbiz 13 May

I wish I could. tight budget & bills have me selling some recently, not by choice. Let's Go Brandon! bidenomics suck! please Zap me! 😅

10 sats \ 0 replies \ @Taurus 18 May

I’m not a trader ;)

11 sats \ 1 reply \ @DEADBEEF 13 May

HODL, the answer is always HODL

0 sats \ 0 replies \ @BitcoinAbhi OP 13 May

Nice

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...

0 sats \ 0 replies \ @BitcoinAbhi OP 13 May

I like you answer. Impressive

21 sats \ 1 reply \ @Coinsreporter 13 May

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.

21 sats \ 0 replies \ @BitcoinAbhi OP 13 May

It seems you are a true maxi. Best of luck.

11 sats \ 3 replies \ @TNStacker 13 May

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.

0 sats \ 2 replies \ @BitcoinAbhi OP 14 May

I was just asking my friend. I am not a trader.

1 sat \ 1 reply \ @TNStacker 14 May

Yeah, good luck, man.

21 sats \ 0 replies \ @BitcoinAbhi OP 14 May

Thanks

10 sats \ 1 reply \ @riberet19 13 May

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.

0 sats \ 0 replies \ @BitcoinAbhi OP 13 May

Thanks reply. Answer is as expected

5 sats \ 1 reply \ @0282b24fae 13 May

HODL !!!

0 sats \ 0 replies \ @BitcoinAbhi OP 14 May

As expected

5 sats \ 0 replies \ @jk_14 13 May

$200k, rebuy at $120k

5 sats \ 0 replies \ @TheBTCManual 13 May

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

5 sats \ 3 replies \ @nullcount 13 May

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?

0 sats \ 2 replies \ @BitcoinAbhi OP 13 May

Idk man! But surely your perspective is good enough for rationality.

248 sats \ 1 reply \ @nullcount 13 May

Satoshi is the biggest hodler, that greedy bastard!

If only he would spend those coins, and dump the exchange rate (temporarily) and buy himself an island, and a fleet of Bugatti. Only then, would he become a generous saint /s

This idea that saving is greedy is a product of the fiat system. Those closest to the money printer are responsible for distributing the new money to the people.

Since Bitcoin has fair issuance, there is no longer a duty by the rich to spend. In fact, by holding, he makes everyone richer.

0 sats \ 0 replies \ @BitcoinAbhi OP 13 May

Yes, I agree. I just think what do those people do who are greedy enough to sell?

0 sats \ 0 replies \ @Bell_curve 18 May

Sell 10 percent

0 sats \ 0 replies \ @030e0dca83 14 May

I don't know how to sell.

And at this moment I'm too afraid to ask how

0 sats \ 2 replies \ @beorange 13 May

Sell for what?

11 sats \ 1 reply \ @ZezzebbulTheMysterious 13 May

$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.

0 sats \ 0 replies \ @BitcoinAbhi OP 14 May

You are a true Bitcoiner. It will definitely touch $100M/BTC(1sat=$1)

0 sats \ 0 replies \ @itsMoro 13 May freebie

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.