Topic: End Goal or Keep HODLing? - page 10. (Read 1349 times)

No one cares indeed when we do the things we feel we want to do to keep our spirits alive.
What any person would do with their HODLings is entirely up to them. HoDL till anytime and liquidate or diversify or reinvest into another scheme. It's all up to you.
If there's a pressing need and you got the funds in your wallet to sort yourself, please do, afterall, if you die, someone would either claim the coins or it would be lost forever.

The only rule is there are no rules.

You can buy Bitcoin today and sell it tomorrow, no one cares.
You can buy Bitcoin today and sell it when the price reach $100K, no one cares.
You can buy Bitcoin today, sell it at the peak and buy again during bearish season, no one cares.
You can buy Bitcoin today and hold until you die, no one cares.
You can buy Bitcoin today and you send all of your coins to burn address, Satoshi's address or theymos's address, no one cares.

You are taking it too literal, when people say they will hold forever this is just a figure of speech, they just mean that they will either hold their bitcoin for as long as they can afford to do it, or that they will hold bitcoin for so long that by the time they want to spend some of it, they will spend bitcoin directly without the need to sell for fiat.

However it is up to each person to decide for how long they want to hold their bitcoin, so if you have a figure in your head at which you want to sell, you can do it as at the end that is your bitcoin and you can do what you want with it.

I sell when I want to because at this point I am already in great profit. But it won't stop me from holding because I have my own wallet designated for long term holding.

So, if you thinking that we are going to hold it until we die, it is your choice.

Money is there to be spent and enjoyed and if you dont want to do those, we are free to do what we wanna do.

There are some that has their end game and exit plan but as you can see, most of us here does have their owm retirement plans thru btc.

I think people who say they will hold forever are just exaggerating. They don’t actually mean they are never going to sell it but rather this kind of expression stems out from the belief that bitcoin is going to continuously grow hence the saying that they will hold on.

They will hold on until they die is kind of saying that no matter what happens, no amount of fud can make them sell their holdings. At least that’s what I think. I do not know any person who plans on never selling their coins.

Keep HODLing usually means keeping Bitcoin for the longest possible period, but this period varies completely depending on the individual, the crises he is going through, the economic situation, age, and the price at which he plans to sell it. Some people want to keep Bitcoin for retirement, others for the well-being of their children, and others who plan to spend. After 10 or 20 years, if you have a stable job and life, you will rarely try to sell your Bitcoin.

Do not get yourself mixed up, their is no correctness in all what you said here. We priorize ourselves into investing our money into Bitcoin not with the aim of staring at it in our wallet for ever probably till we kick the bucket, we did invest with the sole reason of making profits and living the life we hope for but still on the long run before we get the desired return of investment it is expected of us to hold for a long time.

It's a good one for you being part of the Bitcoiners, very lovely to see your determination and patience towards holding Bitcoin for the long run till will supposingly hit the climax of our all time high just after the halving is completed. I would not emphasize on how and when you should sell your Bitcoin, it's something personal which you should decide by yourself. You can initially take part of your profit but not sell all, so you can experience another all time high after another cycle must have happened.

You seem to get thigns wrong here, no one has such plans of holding bitcoin forever without selling or wants to die with their bitcoin, the caught here is to hold your bitcoin long enough for you to get some compounding effect on it, you know historically bitcoin has proven to favour long term holders more than short term holders and that's why most people teach to hold bitcoin for long cause its more safer and more profitable.

You know big companies like MSTR by Michael Saylor that said its better to sell his company shares than to seel his bitcoin, these men understand the value of bitcoin and hence wants to continue accumulating it.

I don't believe anyone is investing in bitcoin without any reason, or is holding for long without having any goal on what to use his bitcoin for maybe to buy a luxury car or a lifestyle, but to achieve such profits you must have a very reasonable amount of stake in bitcoin as it grows, so you should not just be holding bitcoin indefinitely but you should be thinking about accumulating and adding more bitcoin to your stash, so if you really want to hold for longer you would have a much better reward for your holdings, I recommend using the DCA strategy cause it helps reduce the impact of market volatility on your Portfolio and you can be very flexible around it, yeah if your someone who has a busy schedule and want to but on dips then DCA would also make sure to have some of that intervals bought on dip prices.

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)?