End Goal or Keep HODLing? | Bitcointalksearch.org

GbitG

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Quote from: synchronym on May 25, 2024, 10:35:28 PM

Of course, long-term investments in Bitcoins can yield good returns, but Bitcoins are not meant to be held for life. If we always invest in Bitcoin investment with a long-term plan, we will definitely get a substantial profit from that investment. Many times it is seen that many investors are very hasty and rush to invest thinking that Bitcoin investment will make them a millionaire overnight but it is not like that. Bitcoin investment and always we have to invest patiently if we can invest patiently we can definitely get a lot of success from this investment.

Hmm I agree with you that Bitcoin is a good yield returner, but it doesn't make sense to keep it for life time. First of all, let's give a little inspiration on what a long-term investment is. That means HODL. It is a strategy that starts with an investment and ends with a success goal. That is, if a person takes Bitcoin for long-term investment, first of all he has to set a goal, that is, when and how to buy or sell Bitcoin, in which the strategy should also be given, be it Lamp Sam or DCA.

Or in other words, hold on for dear life, that is, hold Bitcoin until your aim goal is achieved. Like If Bitcoin price surges in 4 to 6 years, then I will sell my Bitcoin for profit. Despite this, this is the real investment in which you have a proper plan, i.e., aim under strategy to make an exit or entry.

JollyGood

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Well, here we are again 10 days after this post below but nothing much has changed as far as the OP is concerned. Including this post there are now 188 posts yet the OP had managed to make just two posts here. It is not a surprise the OP does not want to waste his time here because the lack of merits dictated that move.

Quote from: JollyGood on May 16, 2024, 05:30:10 PM

The first post in this thread (the OP used to create this thread) was made on 24th March 2024. The second post made by the OP was made today on 16th May 2024. The gap between the two posts was 125 posts. Not only that, the last post in the thread was 29th March 2024 but the OP decided to post here today.

Not in all cases but most, if members are not going to participate in threads they create they should either lock them or not bother making them in the first place.

Iranus

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Quote from: summonerrk on May 26, 2024, 03:51:41 AM

I think that each of us should know his goal, after which he will withdraw all the money earned, or at least not a small part of it.
After all, all our work in the crypto industry must have physical results. Yes, we all fall for getting more bitcoin or other cryptocurrencies, but does anything change in our lives from the increasing numbers on the screen? No.
Therefore, everyone should think about what they want to buy, how they save up cryptocurrency. It could be a car or an apartment.
But it is definitely impossible to invest and trade in foreign currency aimlessly.

Taking profits is never wrong and I like to live realistically like you. Don't forget that the goal when investing in bitcoin is that we want to be rich, we want to have a better life, and for that to become true, we should take profits every time bitcoin reaches the goal we have set. Keeping all our assets in bitcoin or cryptocurrency but our lives are not getting better, we still live in poverty, what is the use of owning a lot of bitcoins?
That's why I'm always against people who intend to hold bitcoin forever and never sell it, I find it funny and really don't understand what those people were thinking when they made that decision.

After all, bitcoin is just a tool for us to use to create money, it is not our god or parent, so we do not need to worship it and never use it.

nullama

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Quote from: Stablexcoin on March 23, 2024, 06:40:47 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)?

I think that this is a personal choice.

Some people want to pass their wealth to the next generation.

Others want to save with a good financial instrument such as Bitcoin and then sell it whenever they need money for something, like buying a house, etc.

There is no general answer to this I think.

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Quote from: Mrbluntzy on May 26, 2024, 02:40:31 AM

The only reason why a Bitcoin investor would not want to take profit is when they are not interested to sell their asset in a short period of their investment, they may want to hold for a very long time because the still have other sources of income to sustain them until their Bitcoin is ready.

Everyone desires to have more profit and Bitcoin cannot give us quick profit in a short time therefore everyone wants to hold their Bitcoin for a longer time but it is easy only for those who have some other source of income and they are not dependent on Bitcoin for money.

They can continue to hold Bitcoin if they are already earning a good sum from another job so they will not think too much about their Bitcoin investment and their patience to hold Bitcoin longer will make them able to take out their profit when Bitcoin shows a surge.

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the purpose of holding is to wait for the price to rise when the price has gone up and by releasing it you will make a profit then the coin you are holding will be released and when the coin price goes down then buy the coin and keep it again like that I hold the coin I have a target.

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I think that each of us should know his goal, after which he will withdraw all the money earned, or at least not a small part of it.
After all, all our work in the crypto industry must have physical results. Yes, we all fall for getting more bitcoin or other cryptocurrencies, but does anything change in our lives from the increasing numbers on the screen? No.
Therefore, everyone should think about what they want to buy, how they save up cryptocurrency. It could be a car or an apartment.
But it is definitely impossible to invest and trade in foreign currency aimlessly.

leonair

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Quote from: Inwestour on May 26, 2024, 03:14:27 AM

Quote from: GbitG on May 25, 2024, 06:51:57 PM

Hmm that's true mate You describe it with the right meaning of HODL.

Indeed Bitcoin is a long-term investment through which you can make a profit. I mean holding up for a long time is only the best modification for organizing the profit at a high margin. Like the previous bear market means those who have bought Bitcoin at 15k and held it, then definetly those people will be in profit, i.e recently Bitcoin made its new all time high at 73k. It means to say that he is definitely in profit. So you are right that HODL is a best optioned strategy under which we can surge profit margins and it is the beauty of Bitcoin that it follows a bullish pattern in the long term.

You described an ideal example of a transaction when a holder can buy Bitcoin at the lowest price in a bear market, but we know well that this happens extremely rarely, firstly because the price remains at the bottom for a relatively short time, and secondly, few people enter into a position alone deal, they are often bought in parts, so the final price will be higher than the bottom value. But you are right that you need to buy in a bear market and sell in a bull market, those who buy now will become forced holders for many years.

Anyone who can invest in bear market can earn huge income. It is possible to profit by holding Bitcoin. many of us don't sell Bitcoin no matter how low its price is, many of us keep a price target and sell when it rises, and many of us don't have an immediate decision. All strategies are potentially comfortable with each individual. so it doesn't matter who used which strategy. Being able to make a profit is the big thing. And no matter the amount of profit, if we are satisfied with it, then we are successful.

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Quote from: GbitG on May 25, 2024, 06:51:57 PM

Hmm that's true mate You describe it with the right meaning of HODL.

Indeed Bitcoin is a long-term investment through which you can make a profit. I mean holding up for a long time is only the best modification for organizing the profit at a high margin. Like the previous bear market means those who have bought Bitcoin at 15k and held it, then definetly those people will be in profit, i.e recently Bitcoin made its new all time high at 73k. It means to say that he is definitely in profit. So you are right that HODL is a best optioned strategy under which we can surge profit margins and it is the beauty of Bitcoin that it follows a bullish pattern in the long term.

You described an ideal example of a transaction when a holder can buy Bitcoin at the lowest price in a bear market, but we know well that this happens extremely rarely, firstly because the price remains at the bottom for a relatively short time, and secondly, few people enter into a position alone deal, they are often bought in parts, so the final price will be higher than the bottom value. But you are right that you need to buy in a bear market and sell in a bull market, those who buy now will become forced holders for many years.

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Quote from: synchronym on May 25, 2024, 10:35:28 PM

Of course, long-term investments in Bitcoins can yield good returns, but Bitcoins are not meant to be held for life. If we always invest in Bitcoin investment with a long-term plan, we will definitely get a substantial profit from that investment. Many times it is seen that many investors are very hasty and rush to invest thinking that Bitcoin investment will make them a millionaire overnight but it is not like that. Bitcoin investment and always we have to invest patiently if we can invest patiently we can definitely get a lot of success from this investment.

well, when we invest in something, especially bitcoin, we need to have a strategy for buying and selling so that we make a profit. I think the ultimate goal of investing is financial freedom. So, as long as we don't get that, we need to try to continue to utilize the investments we have. It's good, when we have made a profit from Bitcoin, we need to take a few percent of the profit. This can be used to buy other investments, or perhaps buy back when prices are down.

pinggoki

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Quote from: Vinaa77 on March 27, 2024, 03:20:12 AM

Quote from: pinggoki on March 26, 2024, 11:07:04 PM

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When someone has made a profit from an investment and does not take the profit, of course they will be ready to hold it for a longer period of time, but if I myself have made a profit from the investment then I will take the profit and when the price goes down again then I will collect it back at a cheap price and hold it for a long period of time, you are right, of course there is nothing wrong with enjoying the profits from investment and that is the goal of every person who invests.

That's the deal with it, you sell at high and then you will buy at low but in some cases because some people have it hard for them to think the right way when faced with such big money because the profit, they almost always end up doing the wrong thing, they get greedy and ride it out thinking that a peak isn't near yet and that the price of bitcoin will never go down and then they end up panic selling when the price has gone down significantly and it's not the consolation kind of panic sell too, they almost always end up panic selling too late, not getting the best of profits at the end. That's why I think I having a personal goal of when you're going to sell your bitcoin is the optimal thing to do. Totally agree with you that there's nothing wrong with enjoying here and there but you need to understand that priorities should be in order and if the enjoyment isn't at the first of the line, you're probably going to need to do something about it.

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Quote from: kentrolla on May 26, 2024, 01:14:32 AM

Quote from: synchronym on May 25, 2024, 10:35:28 PM

Of course, long-term investments in Bitcoins can yield good returns, but Bitcoins are not meant to be held for life. If we always invest in Bitcoin investment with a long-term plan, we will definitely get a substantial profit from that investment. Many times it is seen that many investors are very hasty and rush to invest thinking that Bitcoin investment will make them a millionaire overnight but it is not like that. Bitcoin investment and always we have to invest patiently if we can invest patiently we can definitely get a lot of success from this investment.

Yes it doesn't make sense if you never take profit as we need to learn taking profit be it trading or investment and I have seen many investors including myself to be gradually withdrawing profits during some emergencies or just for upgrading stuffs in our life be it house, car or education. There is no point of holding it forever and majority of investors have a plan and they don't hold on forever.

The only reason why a Bitcoin investor would not want to take profit is when they are not interested to sell their asset in a short period of their investment, they may want to hold for a very long time because the still have other sources of income to sustain them until their Bitcoin is ready.

Roseline492

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Quote from: Stablexcoin on March 23, 2024, 06:40:47 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.

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)?

One thing you should understand is that when they talk about holding it doesn't necessarily mean that you will hold your investment till you get older and also regardless of how important it is for people to hold but each investors has there decisions in regards to there investment weather they can be able to hold or not, so is not actually mandatory or by force that every investors most hold, however sometimes it seems that most people confuse long term holding for a lifetime holding because they feel that the only way they will be regarded as a holder is only when they hold till they get older.

So actually that's not the only way to be regarded as a holder because for me I believe that from 5 years and above could be regarded as a holder and besides the reason why people are always emphasizing on holding is because of the Volatility nature of Bitcoin so the only way to be safe is by holding. However in regards to your question weather to leave your Bitcoin forever or to sell it, actually there is no way you would leave your Bitcoin forever without selling it but however if you still have enough money that can sustain you for a long time I think you should keep holding because who knows how far the price will go in the time to come.

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That's because those people are either talking shit and they won't hold out their promise of not selling until they die and that all of it is just a stunt to get themselves some attention or that they have a really ambitious price that they want to sell their bitcoins, that's the only two reasons why you hear people like that say those stuff. I think everyone here has an end goal when it comes to bitcoin investing, I'm sure that everyone of us has a desire to spend some of those hard earned investment into something that would make us happy, I don't think that there's no person out there that's devoid of such emotion and that they will never ever have any kind of want that can be supplemented by their bitcoin profits.

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Quote from: synchronym on May 25, 2024, 10:35:28 PM

Of course, long-term investments in Bitcoins can yield good returns, but Bitcoins are not meant to be held for life. If we always invest in Bitcoin investment with a long-term plan, we will definitely get a substantial profit from that investment. Many times it is seen that many investors are very hasty and rush to invest thinking that Bitcoin investment will make them a millionaire overnight but it is not like that. Bitcoin investment and always we have to invest patiently if we can invest patiently we can definitely get a lot of success from this investment.

Yes it doesn't make sense if you never take profit as we need to learn taking profit be it trading or investment and I have seen many investors including myself to be gradually withdrawing profits during some emergencies or just for upgrading stuffs in our life be it house, car or education. There is no point of holding it forever and majority of investors have a plan and they don't hold on forever.

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Quote from: Dunamisx on May 25, 2024, 01:09:05 PM

The reason why we encourage for holding in bitcoin is just to be able to realize profits from our investment than when we are holding our asset on fiat and other investment that could not be profitable, so our ultimate goal on making an investment should first be for the purpose of making being profitable on it, also holding does not mean that we are going to be doing that for live.

Holding something because there is a better goal is highly recommended in life, especially if what we hold is an asset that has been proven to be quite good for investment, namely Bitcoin. Because in terms of profits, Bitcoin is clearly far superior to just holding fiat money which cannot be expected to make profits like people who hold Bitcoin itself. So it is very wise if you and other investors choose Bitcoin because there is a specific goal you want to achieve in life which might also make you quite comfortable for the rest of your life.

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Quote from: synchronym on May 25, 2024, 10:35:28 PM

Of course, long-term investments in Bitcoins can yield good returns, but Bitcoins are not meant to be held for life. If we always invest in Bitcoin investment with a long-term plan, we will definitely get a substantial profit from that investment. Many times it is seen that many investors are very hasty and rush to invest thinking that Bitcoin investment will make them a millionaire overnight but it is not like that. Bitcoin investment and always we have to invest patiently if we can invest patiently we can definitely get a lot of success from this investment.

We make investment for the future, atleast that's the reliable means to stay positive and survive. We're not in the right state to predict when we will be having enormous profits in the space, we should always beckon on winning and become a solidable trader when it involves profits running. Bitcoin generates profits but we should be careful when it comes to holding, always ensure to hold bitcoin during the bear season and ensure to trigger sell button when the bull season finally arrives.

synchronym

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Of course, long-term investments in Bitcoins can yield good returns, but Bitcoins are not meant to be held for life. If we always invest in Bitcoin investment with a long-term plan, we will definitely get a substantial profit from that investment. Many times it is seen that many investors are very hasty and rush to invest thinking that Bitcoin investment will make them a millionaire overnight but it is not like that. Bitcoin investment and always we have to invest patiently if we can invest patiently we can definitely get a lot of success from this investment.

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Quote from: ndutndut on May 25, 2024, 01:23:46 AM

Bitcoin is a long-term investment, holding is one way to achieve success and can create financial freedom in the future. Of course it doesn't end there, because even if you sell bitcoin, you will definitely buy it again when the price goes down. Actually, this depends on each individual's goals in investing in Bitcoin. However, what is clear is that Bitcoin investment is about seeking profits, not holding and never selling.

Hmm that's true mate You describe it with the right meaning of HODL.

Indeed Bitcoin is a long-term investment through which you can make a profit. I mean holding up for a long time is only the best modification for organizing the profit at a high margin. Like the previous bear market means those who have bought Bitcoin at 15k and held it, then definetly those people will be in profit, i.e recently Bitcoin made its new all time high at 73k. It means to say that he is definitely in profit. So you are right that HODL is a best optioned strategy under which we can surge profit margins and it is the beauty of Bitcoin that it follows a bullish pattern in the long term.

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Quote from: Stablexcoin on March 23, 2024, 06:40:47 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.

The reason why we encourage for holding in bitcoin is just to be able to realize profits from our investment than when we are holding our asset on fiat and other investment that could not be profitable, so our ultimate goal on making an investment should first be for the purpose of making being profitable on it, also holding does not mean that we are going to be doing that for live.

Topic: End Goal or Keep HODLing? (Read 1357 times)