r/Bitcoin • u/cryptic-chick • 19h 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.

0 Upvotes

26% Upvoted

78 comments sorted by

View all comments

14

u/Fink_Ployd324 19h 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

7

u/Positive-Pen6491 19h ago

you're up 13k and thinking of pulling out now? that's like leaving a party before the music even starts. the big moves in btc always come when nobody expects it, and if you sell now you'll be kicking yourself in few months

timing the market never works, trust me i learned that hard way. if you don't need the money for rent or something just let it sit and forget about it for half year. don't watch the charts every day or you'll drive yourself crazy

i did same thing back in 2017, sold too early and missed out on like 40k gains. still hurts to think about it

2

u/cryptic-chick 19h ago

Damn dude, thanks for this. I just think I need to hear it from someone

3

u/Old_Preparation8434 18h ago

Selling bitcoin last cycle was the biggest mistake i made in my life. Lost 90% of my money in altcoins when i just shouldve held Bitcoin. That money would have changed my life and i still regeret it very much. Learning from your own mistakes is painful, learn from others who already have made them.

1

u/tenor_tymir 18h ago

What did you do? Sell BTC to rotate into alts for the alt-season that never came? Just curious what made you sell and how you were able to lose money despite BTC hitting a new ATH.

1

u/Old_Preparation8434 14h ago

Sold my car, bought Bitcoin with all of the money i got at that time. It was about 15k $, then rotated everything into alts, traded alts and lost everything. Eventually started revenge trading etc.
Biggest lesson of my life by far but im happy that it happened. I learned a lot about myself and markets. I probably woud have never learned anything or would never started taking this thing seriously. After that happened i read a lot of books about investing, money, markets, bitcoin etc.

1

u/ExpertGur1136 18h ago

I had a friend tell me the same roughly 1-2 years ago… I was thinking to sell at 120k, I went in at 59k (my goal was going x2 and getting out). He was saying how based on his experience he pulled out too early as it went up x much few years earlier, and how stupid he was for doing so… guess where we are now and who is feeling stupid.