Topic: End Goal or Keep HODLing? - page 2. (Read 1349 times)

What is noticed is that most people after accumulating a lot of bitcoin just rather keep them and sell them little by little and try to maintain it, you see many people view Bitcoin just like any other asset and see no point in selling it.

Although it's not compulsory to do this, long term approach is the best and after accumulating bitcoin for that time period you can decide to see right after you have gotten to your goal, but personally if I'm able to achieve having lots if bitcoin I'll keep em and apply selling strategies, that's how I see it.

And that's why it's always good not to invest all your money in Bitcoin, but rather a reasonable amount you know you could always afford to let go over a long period of time. Because one thing about Bitcoin is that, though it is a volatile digital currency, the longer you HODL, the higher the probability of your investment to double over time, of which after this recent halving, Bitcoin is likely to break a new All-time-High, hitting roughly $100,000 according to speculation. Hence, it's good to have an alternative source of income if only you must HODL your BTC over a long period of time.

Bitcoin has finite supply meaning that it's supply will not last forever, so why hodl it infinity? Except that a holder is so rich reach that he doesn't see any need for him to take profit, then it's a good thing, otherwise for other investors who are on the long hodl, it's good for them to take profit sometimes. The only thing to consider is what time is the best season to collect profits, I believe it's buy in dip and sale in price surge, that is buy in bear run and sale in bull run. The beauty of Bitcoin investment for me is that the longer you hodl it, the more profitable if becomes for you in every bull run.

What purpose will btc serve seating idle in your wallet forever?
I think those people who often say this have a target price where they will sell eventually. Individual differences but I would like to believe every btc holders always have a set price goal where they feel is the right price to sell or take profit.
I don't believe in hodl forever, it is unrealistic and does not help btc in anyway if you ask me.

Actually it would really be just that depending on you, on when you would really be selling your Bitcoin because each one of us would really be having that own decisions on when they would really be selling their coins.
Some might deciding on holding for next 5 years or 10 years or even more. Some might be considering on selling out every 2 market cycles or bull runs or wouldn't really be selling at all. The key on here is that
you should really be following on whats into your mind and dont tend to mimic or would be tending to copy or listen on what others would really be trying to do. If you do saw yourself isnt that contented with that 2x-3x gain then you could still opt in on holding your position. Come in mind that we arent that still in bull run yet on which means that potential price increase could be more. So it would be just that a waste if you would be selling out your position now.

End goal is something that majority will really be that holding their Bitcoin on which we do know that when it comes to potential then it would really be that understandable or something that will really be that likely
for most people to accumulate considering its the #1 coin in the market.Therefore, potential increase would really be that high but of course you should be that making yourself wary about the probabilities on things about the risks involved. Only invest or put up on the money on which you can afford to lose as always so that whenever the market will be making out some correction then you wont
really be finding yourself on a tough and impulsive condition.

Those who have been able to survive in the long term will of course no longer worry about market corrections that occur and there are even some of them who take advantage when prices are experiencing a decline to collect Bitcoin.
Every investor who chooses to stay in the long term of course has set their sales target before they start to invest and when they have reached this target they will sell the assets they have held to take advantage of the investment they made.
It is true that it will be very difficult to survive in the short term, of course we must always monitor price movements to be able to profit from it.

Investors that invest in bitcoin is indeed has a long term plan because bitcoin proves itself in the market for almost how many years, Many investors doesn't want to make any regrets if they sell once there's a changes on it's price because we believe that sooner or later, bitcoin will reach it's new ATH and if that thing happens, the value will surely stay or in between the current price that's why many people really wants to have at least small investment in crypto, it's all because of bitcoin.

You know that the long-term system is for investors who don't want to think too much and don't worry about what is happening in the market in reality. As long as theirs is just a hold,
they will only be sold after 1 year or more, depending on when they want.

That's why they are long-term investors; they won't hold if it's only short-term because they don't want headaches or stress while holding Bitcoin or crypto assets.

Actually for me I didn't see anything wrong if an investor who is holding BTC for long term decided to sell off some part of the holding when he felt that the profit is ok with him mostly one who has been holding for 10years, except where he want to sell all in his possession but if it's part of it I don't see it as end of investment. Generally in the system everyone has its reason for holding or investing your target will always be a derive to a length which one can hold though many with different agenda some desire to hold for their children, retirement etc just as many writers would have made mentioned, it's also clear in every investment it lasting depends on the sources of investment if your holding when you lack others source of sustainable it's hard to keep holding beyond your target time or duration. But why dealing with the selling of one BTC to a holder who has been holding for long term it's best he sold part why still have some in reserve though this is individual determination to what he desire at that point.

I also think the same as you. They can say that because they believe that Bitcoin has good fundamentals for the future and that Bitcoin will even become a scarce asset someday. But that doesn't mean they don't sell it, as they get older, the problem a person experiences is that no one knows that they will definitely sell it someday.

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.

Some people follow the rule that you should only invest what you can afford to lose. So you can just invest a few extra money you don’t exactly need anymore so you hold for as long as you can if possible. Even if you are not the wealthiest man on earth, discipline and determination are two of the things that can make you successful in anything that you do.

I don't see any point if someone is holding their Bitcoin for infinity or too long even if they are rich because you have to take profit at some point. It might be possible that a person who is already rich is buying Bitcoin not for profit but for the properties and facilities it offers such as decentralization, financial privacy, security, etc.

Those who are not rich and feel that they might need the money very soon, aren't supposed to make investments in Bitcoin or any other cryptocurrency because one should only invest money that isn't supposed to be used for anything else.

This is why people always say that you should only invest spare money in cryptocurrencies.

Yes, there is no guarantee that it will repeat the same thing, but we see that bitcoin has so far done the same thing and proven itself, only self-validation can be relied on to confirm this, bitcoin adoption is not so wide and technology is still developing, so bitcoin is one of the pioneers for the future, even though it is a delusion but who knows that it has the possibility to happen.


Of course trading every day is very inconvenient where we have to look at the market every day and many things have to be considered every day, and daily bitcoin is sometimes flat and sometimes also drops, what I mean is to collect when bitcoin drops or there is a decline like in 2022, it can also be said as a slow accumulation and we sell it in 2025 which is the 4th year in this cycle.

You can have 2 basic approaches to bitcoin. You either think it's a pump and dump and that's where you look for an exit point, or you believe it's a permanent asset that is going to eventually stabilize and become more of a digital gold. I'm in that second group which is why I don't look for an exit price. I only look for a price where I can buy something with my bitcoin and usually that moment is during a rally.


There's always a risk, but safe haven assets are characterized with very small risk, or a very good risk-reward ratio.
That ratio has actually been measured by a number of investment banks and they came to a conclusion that 1-2% allocation into bitcoin should be a standard among companies.

If it has been bought and has received profits in accordance with our expectations that we have previously determined whether it is 50% or must be above that number, it is up to us, and it is not funny if the profit has been qualified for us to withdraw postponed again.

Of course, BTC if invested and really gets a maximum profit of at least 5 years and above or longer is even better. There's always another chance if we really want to take it back after you've taken advantage.

Hmm that's true but I think Its depends on a person's personal goals and financial plans. Maybe someone bought Bitcoin when it was at $16k and they have already achieved their target and are willing to sell now, they can indeed get more profit if they keep holding in case the market goes up, but it isn't a necessity for everyone to keep holding even when they have already achieved what they were looking for.

One can only keep holding their assets after having met their target if they know they don't need the funds at the moment and they can still keep holding, but there is also a chance for the market to go down and then they might not get the amount of money they were looking for from their investment, this is why sometimes it is better to sell and take profit if you are satisfied with the profits.

IMO, there is no safe haven asset. Bitcoin investment also has risks, the price also fluctuates and unpredictable. I don't really understand why you think Bitcoin is anti-inflationary, I think the assumption is too exaggerated. I also disagree if you assume bank is like a disease. In a certain situation, bank also helps us to have a proper financial system. Sure, Bitcoin makes us to have a better financial in the future. But we can't discredit the existing financial system.

It is good that you plan to hold for 5-6 years. However, you need to understand the 4 years cycle of bearish-bullish. You don't choose the wrong time for buying a lot of Bitcoin for you assets. The bearish season is the best time for buying, meanwhile the bullrun season is the time for taking profits. Personally, I don't set certain years for holding, I just adjust the 4 years cycle. I think it is the most effective way to determine the goal/target.

Anyway, why 2030 the market should be mature? Is the current market not mature?
Honestly, I don't really understand what you mean with 'mature market'. 

However it also has risks, even though there is a big possibility that the price of Bitcoin will continue to increase every 4 years, reaching its latest ATH, but there is no guarantee that this will continue to happen, so everything is still possible and I believe that all possible profits will be worth it with the risks.


The target is quite long and I like it, 2030 is likely that there will be a lot of profit that you will get if you are able to save Bitcoin.
I am also like you, I don't have a lot of capital to buy Bitcoin in large amounts, but I think that if I enter or try to trade daily to increase my amount of Bitcoin, I will continue to be at risk because I experienced this a few years ago when I tried that but the price Bitcoin is going downhill and I can't get in anymore
So now it's better for me to try to slowly buy Bitcoin slowly to save it for the long term.

While there are some people who think this way, personally I see HODLing as a little bit of an exaggeration of what I really want to do with my crypto, which is to hold them for an extended period of time, take a little bit of it as profit and keep the rest within the system so I don't take off my feet on the proverbial door, and then rinse and repeat, until either bitcoin dies or I die. This is the concept I have been playing around with for a while now, and I'm pretty sure a good amount of people in this forum believes and behaves the same way as I do as well.

There's just some cases where you can't really do this though, in countries where crypto as a whole is banned, crypto preppers who airlock their cryptocurrencies to make sure they don't get stolen. And the sad,sad population of people who still had their hard drives with their bitcoins but forgot their password so they can't get a hold of the money that's in there.

The rest of us, we should be good with what we're doing right now, invest a lot, take out a little when the money grows, rinse and repeat.

Yes we believe in bitcoin about its cycle that repeats every 4 years, and it will give us the answer to the bad FIAT about its huge inflation and taking away our hard-earned wealth, long term defense is good and we will be safe in terms of finance in the future if we hold a large amount.

I plan like you also to continue to hold bitcoin, but also need to see that market fluctuations exist, and for me who only has a little money to invest in bitcoin then what I need to do is sell when the bitcoin price is high and collect back when the price is very low, and that happens in the Bear and Bull cycle, I have to maximize the benefits that I can get to get to 2030 in a better way than just waiting.