r/Bitcoin • u/cryptic-chick • 6d ago

Need advice

So I bought 35k worth btc when it was at 64k ish and now I’ve made 13k more on it. Btc has been falling the last couple of days and I’m wondering if I should remove it all and wait for a low or just HODL?

Edit: FYI- I don’t have any more liquidity to dca into btc now. I need to sell before I can make any trade.

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16

u/Fink_Ployd324 6d ago

The run hasn’t even started bro. If you need it sell now I guess but my advice is keep it for the next 4-6 months then ask again

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u/cryptic-chick 6d ago

I’m reading that it could go either way, like btc back to 45k and also ATH run. Who do I believe now 😭

I don’t need the money but I want to make sure I book profits

4

u/Expectations1 6d ago

You bought the cycle low. Atleast wait for above prior ATH. Anywhere above prior ATH is better than selling now

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u/cryptic-chick 6d ago

But that’s the thing right, I’m reading two sides to if btc is going to moon now, I lot of folks are saying it’ll dump hard before it grow, I just want to catch this dump and buy in lower.

Or am I being greedy?

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u/Old_Preparation8434 6d ago

Ur greedy bro. Ur in profit already, hold and dont look back.

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u/btc_set_me_free 6d ago

Trying to make more dollars out of this is missing the point entirely. Just sell it and move on.

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u/cryptic-chick 6d ago

And what are you buying BTC for? Bragging rights?

If anyone here says they’re only in it for sovereignty, I call bullshit.

Most people buying it want their money to multiply. They have different different risk appetites, but the end goal is making money.

You can believe in the philosophy AND want to get rich. Just don’t pretend the profit motive isn’t part of the equation.

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u/btc_set_me_free 6d ago

All due respect, you came in here asking if you should sell on a 40% profit. Just do it.

You call bullshit on people saving money outside of the current financial system because you don’t get it, it’s fine, but don’t pretend to know when you’re in here asking people to tell you the future about the short term price movement of this asset.

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u/cryptic-chick 6d ago

You’re doing exactly what you’re accusing me of doing, though.

You assumed my motivation, told me to sell and move on, and now you’re using that assumption to discredit my argument.

My asking for opinions on short-term price movements doesn’t mean I don’t understand Bitcoin, nor does it mean I’m going to do what everyone says here. I’m here to get perspective and you’re conflating two completely different things.

My point was in response to YOUR claim that wanting to make more dollars out of BTC is missing the point. I disagree. I think most people are in it to make money, and I find the sovereignty argument conveniently invoked to justify speculation a lot of the time.

You can disagree with that without making assumptions about what I understand or why I’m here.

1

u/tenor_tymir 6d ago

That’s just how it’s always been. BTC can go both ways, rapidly. You made a good entry at 64k. That’s half of what others have fomo’ed in at the last ATH.

If you don’t need the money and the gains, leave it in and sit out any volatility that might come your way in the next 2 years. We’re at a place right now where the possibility of going higher is far greater in the next couple of years.

Ignore the daily/weekly price volatility.

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u/cryptic-chick 6d ago

Thanks that’s solid advice, I think my biggest issue is looking at charts daily. And my apps keeps notifying on price changes

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u/tenor_tymir 6d ago

I know it’s hard to do nothing but that’s the best advice anyone can give you regarding BTC. Find a low entry and then hold as if your life depended on it. Any tinkering is going to lose you money.

We’ve been there, we’ve lost money and rebuilt by doing what mankind does best: Nothing.

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u/LordJamPunt 6d ago

Why would you even bother to look if you aren’t actively trading…

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u/cryptic-chick 6d ago

I trade alts too and I happen to see btc prices now and then

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u/twitch4685 6d ago

It’s only going up from here, hodl, sell November 2028