End Goal or Keep HODLing? - page 7. | Bitcointalksearch.org

Uhwuchukwu53

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Quote from: Nrcewker on March 24, 2024, 05:24:15 AM

If you can survive while the investment is on, then it’s better to keep the Bitcoins untouched. Only cashout at that time when you need emergency of funds or really need the funds to spend on some big luxuries. Bitcoins will always keep on increasing I would say. The reason is pretty simple, as Bitcoins are limited in supply, and the demand to accumulate it, is increasing day by day. Hence, It would be ideal to keep the investment on in order to yield the maximum profit possible.

The analysis of surviving while the investment is on is very correct what make one survive is not hardship but determination of what one hope to achieve in future that give the courage and make one more lively because there is light at the end of tunnel. Some may feel that selling their Bitcoin before there expected time is due to inability to understand what the future holds for the investment.

This your advice is also repositioning me to still hold beyond expectations I think removing once mind on the investment can prolong the hold because once your heart is centered on it the attraction will always tend you to sell any time one observed ATH.

bettercrypto

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Quote from: Stablexcoin on March 23, 2024, 07:40:47 PM

I wouldn't have said this but I am much more concerned about the fact that we have been hearing so many people talking about holding Bitcoin for the long term and never selling. I find it so confusing that after investing so much in Bitcoin for years we won't want to sell our bitcoin till we die.

I've been buying Bitcoin since last year when it dipped in December i know it's not long. Since then I have held my bitcoin firmly regardless of the price increase this year I still decided to sit on it. Although I do not have enough Bitcoin because I have little money then if I were to sell my holdings now I would have 3 times of I invested.

Also, I have the belief that Bitcoin will keep breaking new ATH forever. Should I leave my Bitcoin forever without selling it or set a goal that I have in mind and when it reaches that goal I sell and take my profits?

What do you do?

On what principles guide your actions in the realm of Bitcoin (BTC)?

It's not bad to hold, but you should have a plan for your Bitcoin holding. It's hard because you buy Bitcoin and then you don't know when to sell it. as long as what you have in mind is what the people I read here in the forum are saying. Because if this is all you base it on, don't buy bitcoin.

If you're going to hold bitcoin, you should know when you're going to sell it, and you should also know what price you're going to sell it for. It's good that you know the reason why you are doing this type of holding in bitcoin. And you should also know the reason why you are doing this, besides the fact that you will make money from it in the future.

KingsDen

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Quote from: Stablexcoin on March 23, 2024, 07:40:47 PM

I wouldn't have said this but I am much more concerned about the fact that we have been hearing so many people talking about holding Bitcoin for the long term and never selling. I find it so confusing that after investing so much in Bitcoin for years we won't want to sell our bitcoin till we die.

I've been buying Bitcoin since last year when it dipped in December i know it's not long. Since then I have held my bitcoin firmly regardless of the price increase this year I still decided to sit on it. Although I do not have enough Bitcoin because I have little money then if I were to sell my holdings now I would have 3 times of I invested.

Also, I have the belief that Bitcoin will keep breaking new ATH forever. Should I leave my Bitcoin forever without selling it or set a goal that I have in mind and when it reaches that goal I sell and take my profits?

What do you do?

On what principles guide your actions in the realm of Bitcoin (BTC)?

There is no standard laid down principle about bitcoin investment. This means that your script is quite different from that of your neighbor, you cannot because someone else have done such a thing and begin to do it. You don't have to ask us if you will leave your bitcoin untouched till you die. If you are rich enough that you don't need the profit from your bitcoin investment for anything, then leave it forever. But then if you are not sure of how to pay your house rent and your children fees in the next semester and yet you have profit in Bitcoin, why will you keep it forever?
There's an African adage that says "No one tells someone who lost his mother to cry". Set your goals and be rigid with them, but when reality strikes, no one will advise you to do the needful.

Baki202

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Quote from: Stablexcoin on March 23, 2024, 07:40:47 PM

Should I leave my Bitcoin forever without selling it or set a goal that I have in mind and when it reaches that goal I sell and take my profits?

Depending on you, as people do sell even when they aren't profitable for various reasons. Therefore, it all depends on the individual. At some point, the price will reach a place where you can sell, take your profit, and either wait for the next bad market or sell some of it and keep the remainder. Spot traders will also set a price restriction, and when an item reaches or even touches that price, it will be sold.

Quote from: Rruchi man on March 24, 2024, 03:34:38 PM

Nobody on this forum has the right to dictate what you do with your Bitcoin by the time he hits a target that you're okay with. You will Always hear people talk about hodling bitcoins for as long as possible, the "as possible" from that statement means to the point when you are okay with hodling and then decide to sell off some for other purpose.

While hodling your bitcoins, have a target and a purpose for hodling, having a target or a purpose for hodling can be something to motivate you into hodling more.

People will spend their money as they like, so the main thing to keep in mind when deciding whether or not to sell is if it is worth selling right now. With bitcoin, there are always surprises in store, and the price will increase at some time. And you have my wager. It's going to hurt you. Selling is the ultimate goal of investment, therefore even if you even generate a profit, you can sell. As I don't really think keeping for a long time makes sense, if you are receiving what you want, there's no harm in selling.

Holding also indicates that the price is low and will rise, which is why it is usually emphasized to people to hold. The best thing is, as you mentioned, to establish a target and, if the moment is right, to sell.

crwth

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Personally, I see it as a currency in terms of use of service and not just the part where it's valuable that it is being used on a day-to-day basis. It's not ideal now obviously but integrating it would be nice.

In terms of the end goal, I think it's never going to be enough now, especially seeing how valuable it really is now. It's just really amazing. I wouldn't sell unless I need to.

ultrloa

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Quote from: Stablexcoin on March 23, 2024, 07:40:47 PM

I wouldn't have said this but I am much more concerned about the fact that we have been hearing so many people talking about holding Bitcoin for the long term and never selling. I find it so confusing that after investing so much in Bitcoin for years we won't want to sell our bitcoin till we die.

I've been buying Bitcoin since last year when it dipped in December i know it's not long. Since then I have held my bitcoin firmly regardless of the price increase this year I still decided to sit on it. Although I do not have enough Bitcoin because I have little money then if I were to sell my holdings now I would have 3 times of I invested.

Also, I have the belief that Bitcoin will keep breaking new ATH forever. Should I leave my Bitcoin forever without selling it or set a goal that I have in mind and when it reaches that goal I sell and take my profits?

What do you do?

On what principles guide your actions in the realm of Bitcoin (BTC)?

What people just said is just a suggestion and its up to you if you listen. What's more important there is your decision since you are the one who can determine if some scenario is enough for you and want to get out. But make sure that you already settle and no doubts nor regrets that why did you decide to sell.

Its important that you have timeline set on your holdings also strategies so that you will not get bothered on some peoples opinion and can able to continue what you want to happen on your investment. Just remember that you are the one who can create a good result on your investment so think more better and create good decisions. Don't base your thoughts depends on other people opinion since not all the time they are right.

kotajikikox

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Quote from: Stablexcoin on March 23, 2024, 07:40:47 PM

I wouldn't have said this but I am much more concerned about the fact that we have been hearing so many people talking about holding Bitcoin for the long term and never selling. I find it so confusing that after investing so much in Bitcoin for years we won't want to sell our bitcoin till we die.

that is exaggerating mate because who will keep holding till they die? you seems to not know what you are saying though long term holder wanted tokeep their coin even long.

Quote

I've been buying Bitcoin since last year when it dipped in December i know it's not long. Since then I have held my bitcoin firmly regardless of the price increase this year I still decided to sit on it. Although I do not have enough Bitcoin because I have little money then if I were to sell my holdings now I would have 3 times of I invested.

you can take profit , its yours to decide mate so better to think it again Grin

Quote

Also, I have the belief that Bitcoin will keep breaking new ATH forever. Should I leave my Bitcoin forever without selling it or set a goal that I have in mind and when it reaches that goal I sell and take my profits?

What do you do?

On what principles guide your actions in the realm of Bitcoin (BTC)?

you must have your own target price to sell or takeout your money , because you must not ask us for your money , but if you are asking me? I will keep holding till bitcoin reaches 100k and above.

Ayers

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Quote from: Assface16678 on March 24, 2024, 07:22:55 AM

Quote from: Ayers on March 24, 2024, 05:23:03 AM

Quote from: Stablexcoin on March 23, 2024, 07:40:47 PM

I wouldn't have said this but I am much more concerned about the fact that we have been hearing so many people talking about holding Bitcoin for the long term and never selling. I find it so confusing that after investing so much in Bitcoin for years we won't want to sell our bitcoin till we die.

I agree with you, I also see some people out there and right on this forum saying they will hold bitcoin forever and will never sell it. I don't really understand what they mean, but if they intend to keep bitcoin until they die then that is the stupidest idea. After all, we all see bitcoin as a tool to create more wealth, but how to do that if we just hold it and never sell it? Bitcoin will be useless if it is not used or does not help us, even if its value reaches millions of dollars.

Well, I don't think it is right for you to say "stupidest idea." How can you judge them? It's their own holdings or assets, not yours, so what can you say? If they choose their assets to be with their graves, then let them be. If for you, bitcoin is something that could bring you wealth, so be it. Don't call someone's decision or desire to be stupid; you don't know anything from them.

Anyway, as for me, I also don't sell the majority of my holdings. When there is a good movement or bull run, or like what happened recently when the bitcoin price set another ATH, I sell only a small portion. Because that's the only thing I need, I only sell the assets I need, whether for needs or wants, as I want to see how far bitcoin can go and whether it will be beneficial for me to hold my assets for too long.

Oh, I'm sorry if that upsets you. Perhaps each person will have a different life strategy and we should respect each other's decisions, you are very right. For me, whether bitcoin or any asset, I only use it for one purpose: to make my life and my family's life better. There is nothing more important than my family and bitcoin is no exception. Once I reach my goal with bitcoin, I'm ready to sell it.

Of course I would still hold or repurchase bitcoin if I felt it was still beneficial to me but certainly, I would not hold on to it until I die without using it.

Kliss

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Quote from: Stablexcoin on March 23, 2024, 07:40:47 PM

Should I leave my Bitcoin forever without selling it or set a goal that I have in mind and when it reaches that goal I sell and take my profits?

Having an investment in bitcoin and holding on to your bitcoin is amazing. The decision of whether to keep HODling or set a goal and sell is a personal one. Some people believe in the long term potential of bitcoin and choose to hold onto it for a very long time while others prefer to set goals and take profits when they reach their targets. It all depends on your personal goals and finding what works best for you and aligns with your own investment plans. My own opinion to you is to keep HODling your bitcoin since there are more potential in bitcoin at the moment and your profit can still increase above what you have now.

Finestream

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Quote from: BIT-BENDER on March 24, 2024, 03:43:18 PM

Always do what you have had in mind, never ask what you should do from complete strangers here in Crypto-currency rather you see reasons or advice on the potentials possibility or risk in making any moves and then you check which is best for you, right now Bitcoin has not gotten complete take over compared to Fiat so you would still need Fiat and from the looks of things you are an investor and you need that profit for yourself.

Many people who has made up their mind to hold Bitcoin for life either has alot or has other sources of income, like myself I see Bitcoin as something I would use freely in the future but I am not foolish not to have other sources of income to help me carry on holding Bitcoin.

The first and foremost rule everytime you decide to invest is look for a stable job first so you won’t rely from your investment. If you do, then there will be bigger chances for you not to sell your coins earlier than your target price. While hodling is the key to massive profits with bitcoin, but hodling without plans of selling is nonsense. Although you can hold as long as you want, but in the end, you still have to sell them off so you can enjoy the fruits of your hardwork.

However, if you rely solely in your investment without getting a real job is another story. If you are doing that, honestly you will not succeed in any long term investment, most particularly for bitcoin where it’s considered a highly volatile investment.

Odusko

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Bitcoin as along term investment simply means that you give a long terms specific timing to it, but before you do so you have to study the price of bitcoin and how it value have tracended over time, this is much more so that we have to alot at least 4-5 years time frame for us to hold our bitcoin as an investment, this period may be a time for steady purchase of bitcoin along the way, and also making sure that all the copenents that make up for the timing and it accuracy must be observed.
By so doing, when you achieve a portion of your income and cash flow into buying bitcoin be it at once or buying in smaller portions along with time, both will bring you to that stage that you Mostly desired if you pay out the game of time and you allocate 5 years investment plan, which is long term.

Z_MBFM

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Quote from: PX-Z on March 24, 2024, 05:36:22 PM

If things are going south no need to keep holding because you will just regret it. That's the experience many got on the last 2017 ATH. I hope people learn that way already. If you're came holding from 50k below, i expect you already profit some on the ATH this month. But if you came holding from 60k, it's okay to hold but just like i said learn how to let got, but so far price is keep pushing upwards again.

After bitcoin made its first ATH in 2017, we thought that bitcoin price might not go down any further but btc price then dropped to $3200. Seeing this scene, many lost faith in Bitcoin, but Bitcoin broke through those hurdles to set a new ATH at $68k, setting a record again, and btc price followed suit at $15k. and now the new ATH of btc again. Bitcoin is a really strange thing. It can be held but subject to capacity. But of course it has to be held indefinitely not for short time

The Cryptovator

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Each individual should have their own goal for selling their holdings. Bitcoin for life, of course, not for lifetime holdings. Who will use our bitcoin if we die? What's the benefit of holding Bitcoin if it can't change my lifestyle even when I am making big profits? For me, I sell my crypto whenever I need it. It doesn't matter how much profit I have. But I'm not going to sell everything unless I need it in my real life. Even you can take advantage of the volatility. When Bitcoin reaches a significant price range, like surpassing the previous ATH and creating a new ATH, you can sell and wait for a dip to accumulate again. That's how you can still keep holding and cashing out your profits.

PX-Z

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If things are going south no need to keep holding because you will just regret it. That's the experience many got on the last 2017 ATH. I hope people learn that way already. If you're came holding from 50k below, i expect you already profit some on the ATH this month. But if you came holding from 60k, it's okay to hold but just like i said learn how to let got, but so far price is keep pushing upwards again.

mirakal

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Always go back to the reason why you invested in the first place. If you are looking for profits, then obviously you need to sell those coins you have been hodling once you reach your target goal price. However, if you are here to invest for your retirement, then don’t bother yourself selling at the moment but always keep your coins and continue hodling. That’s simple as that.

Nevertheless, always know that there’s no such term as forever hodling that you won’t sell your coins at some point because you intend to hold it for the rest of your life. If you do that, you are beating your purpose why you invested in the first place. Hodling does not mean you don’t sell in the end, of course you still have to sell in the end so you can reap your profits that you have been working and earning hard in the very first place.

Ryu_Ar1

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Holding bitcoin for a long time does not mean that it will not let go of it, friend, it's just that the target we want to achieve has not been touched so there are still many people who will be in bitcoin and hold it for a longer period of time.
As I do now I still hold bitcoin alone even though the current profit cannot be denied it has multiplied when compared to the total investment I made but I will still hold it because my profit target is not at the current value but for a higher one.

If in the end those who are in bitcoin (already profitable) release it like you did it actually doesn't matter because everyone has their own target and now you think that it's your target and that's very good because you've made a profit in it but that doesn't mean other people will also be the same because in the end all have their own goals and don't think that those who are in bitcoin now will not release it because it's not possible to happen it's just that the time needed is longer because the purpose of the stop is not now.

nurilham

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Quote from: Stablexcoin on March 23, 2024, 07:40:47 PM

I wouldn't have said this but I am much more concerned about the fact that we have been hearing so many people talking about holding Bitcoin for the long term and never selling. I find it so confusing that after investing so much in Bitcoin for years we won't want to sell our bitcoin till we die.

Many people? I don't think there are many people who hold Bitcoin for many years. Most people only hold Bitcoin for 4 years, they are targeting to sell in the bullrun season. Even if there are people who said they will hold Bitcoin forever, honestly I don't really believe them. IMO, every people who invest in Bitcoin, they must have the time for entry and exit. There is no term of holding forever, it is not the way of investment. Undecided

Quote from: Stablexcoin on March 23, 2024, 07:40:47 PM

Also, I have the belief that Bitcoin will keep breaking new ATH forever. Should I leave my Bitcoin forever without selling it or set a goal that I have in mind and when it reaches that goal I sell and take my profits?

You must have your own goal in investment, don't follow others!!
It is not a must to hold your Bitcoin forever, I even suggest you to take profits when Bitcoin reach the ATH. We can rebuy in the next bearish season, why we don't take the advantage in the bullrun season? When it reaches your goal, kindly sell your Bitcoin, buddy.

Huppercase

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Quote from: Stablexcoin on March 23, 2024, 07:40:47 PM

I've been buying Bitcoin since last year when it dipped in December i know it's not long. Since then I have held my bitcoin firmly regardless of the price increase this year I still decided to sit on it. Although I do not have enough Bitcoin because I have little money then if I were to sell my holdings now I would have 3 times of I invested.

Also, I have the belief that Bitcoin will keep breaking new ATH forever. Should I leave my Bitcoin forever without selling it or set a goal that I have in mind and when it reaches that goal I sell and take my profits?

What do you do?

On what principles guide your actions in the realm of Bitcoin (BTC)?

Right within you, there is a voice telling you what you should do, others opinion should just be an additional or perhaps to quantify your own strategy. I'm saying this because some people has blame others for not telling them to sell their coins at the top when Bitcoin was all time high in the last run and the have settle for their loss. If you have 3x of your investment in Bitcoin, maybe you should just sell and then buy back if their is any dip in the future and if there is not, then you stay neutral for a while and then put more money together and buy when you have the chance.

Buying more close to the previous all time high is not a perfect way to buy Bitcoin because you are buying below the resistance. If in the end we cross the all time high after the halving, then you can buy again because I believe then bull run should be fully in by then but don't forget to exit again when you have enough profits because it would be really bad feeling for all these stress without having profits.

_BlackStar

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Be assured of one thing - all the people who come to invest are those who want profits, no matter when is the best time for them to get them. Long-term investment ^{[holding bitcoin]} is a choice that is not mandatory for anyone - but if you are planning to do it, then you are part of the investors who have big plans in the long term.

You'll also sell it at some point instead of continuing to hold it - but if your investment in bitcoin is for your retirement, you're likely prepared to face any market consequences until you cash it out in old age. Bitcoin will be worth more over time although it is difficult to say for sure - however I believe that increasing adoption and increasing investment interest will make it more expensive over time.

GbitG

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Quote from: Stablexcoin on March 23, 2024, 07:40:47 PM

Should I leave my Bitcoin forever without selling it or set a goal that I have in mind and when it reaches that goal I sell and take my profits?

No, absolutely not. You should not keep Bitcoin forever. You have misunderstood the concept. Holding Bitcoin does not mean that you will do it forever. The sentence about long term holding has been described as a parable. This means that according to my estimate, it is 10–12 years, at least hold your assets for this time, and then you can get a superb profit

Quote from: LogitechMouse on March 24, 2024, 02:56:05 PM

Quote from: Stablexcoin on March 23, 2024, 07:40:47 PM

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Also, I have the belief that Bitcoin will keep breaking new ATH forever. Should I leave my Bitcoin forever without selling it or set a goal that I have in mind and when it reaches that goal I sell and take my profits?

Just follow these 3 simple steps IN ORDER:
1. Sell during the bull market.
2. Buy during the bear market.
3. Continue accumulating after the bear market.

Yes, these are the steps that are very clear to set up a goal. If you want to have a goal or target for your investment, that means if you want to keep Bitcion for the long term, I think you will not get better steps than this. Sell in the bull market and organize profit. It means to buy Bitcoin in a dip,like in its lower zzone,by looking at it from the perspective of technical analysis. Accumulate Bitcoin for yourself under the DCA strategy of passing the bear market.

This is the principle that every bitcoin holder follows.

Topic: End Goal or Keep HODLing? - page 7. (Read 1264 times)