End Goal or Keep HODLing? - page 3. | Bitcointalksearch.org

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Quote from: Etranger on May 19, 2024, 01:57:26 PM

Quote from: Riginac111 on May 19, 2024, 05:28:29 AM

You need to continue holding bitcoin because if you fail to hold bitcoin that is it possibility that you may not continue to make a kind of profit you do make when you hold so the reason why people hold their bitcoin is because they really want to make a profit and also accumulate from different participative

You can't hold it forever. It becomes like hoarding without application. You seem to have something, but it doesn’t affect your life in any way. I think the point of holding is to make a profit. And if the profit is unrealized, then it is not a profit at all. Therefore, the holder must have a goal in which he cashes out at least part of his position.

Its not holding anymore if they don't have plans and just think about holding it without proper timeline since maybe as you said it will became hording. But he should set a plan regarding on his holdings since if he just do that for the sake of he has something to tell that he's a bitcoin holder then maybe there might be a chance that he could lose his bitcoin especially if there's sudden unfortunate changes will occur. Proper planning is important so they can set some goals on what year they should sell since its important to secure our profit if our targets has been meet.

Also its different story if there's an emergency situation happen and your emergency funds is not enough to cover up your needs then its good to sell your holdings so that you can get a solution on your problem then I think this is also a somehow good scenario to sell but if there's nothing like this happen and everything is in normal situation then continue to hold for better future.

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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)?

Bitcoin holders believe in bitcoin's ability to act an an anti-inflationary agent in their portfolio. If Banks are the disease then bitcoin is the cure! Bitcoin is going to prove to be the greatest safe haven asset the world has ever seen, & it is currently already doing quite a fantastic job at moving up in price over time & the chart looks absolutely beautiful. I plan to hold on for at least another 5 or 6 years I think around 2030 the crypto market will be very mature.

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Quote from: Riginac111 on May 19, 2024, 05:28:29 AM

You need to continue holding bitcoin because if you fail to hold bitcoin that is it possibility that you may not continue to make a kind of profit you do make when you hold so the reason why people hold their bitcoin is because they really want to make a profit and also accumulate from different participative

You can't hold it forever. It becomes like hoarding without application. You seem to have something, but it doesn’t affect your life in any way. I think the point of holding is to make a profit. And if the profit is unrealized, then it is not a profit at all. Therefore, the holder must have a goal in which he cashes out at least part of his position.

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Quote from: Gaza13 on May 19, 2024, 09:45:58 AM

Yes, I agree with what you said, every person or investor who invests will definitely target what they want. Like Home or something.

You're wrong and I can see why. You simply are not a millionaire, or a billionaire and don't have a rich person's mindset.
Imagine that there are people who already have very normal thing you could think of. They have many houses, many cars, a successful business, investments, multiple bank accounts. They have nothing they can't afford, but they want to keep their money safe, or they want to build a certain portfolio. Many people look for long term investment funds.
I don't care what price bitcoin is tomorrow, or in a year, I know its value and I'll continue to hold and hopefully my children will use it well in 20 or 30 years.

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Quote from: btc78 on May 19, 2024, 09:37:11 AM

I think depending on how much he or she has invested in bitcoin in order to see a real difference between the amount invested and amount returned. If you are someone who had invested huge, you can probably see huge returns immediately meanwhile if you only invested a few then you can not see much difference after only a while so you may have to wait and hold for more until you see some really significant returns.

When we talk about the amount invested and the amount returned, we need to take into account the percentage of the return instead of its value because if someone is investing $1,000 and getting 10% in return and someone investing $100 and getting the same percentage in returns would essentially have the same return percentage but the value of their returns will be different but the impact will be the same.

$100 for someone who can easily afford to invest $1,000 has the same value as the $10 that the person who invested $100 earned. So it's never about the amount but it's about affordability and level of satisfaction. I know someone who invests more earns more, but someone investing less might also be earning a lot based on their income or financial capabilities.

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Quote from: pinggoki on March 26, 2024, 03:40:10 AM

For me, I think that I've got an end goal within me, no way that it's going to hold on for dear life for me forever, going to be really helpful to me if I can get my profits, the money that I can get from it would definitely build myself a home and all the things that I've been holding back through discipline of not buying them will definitely be bought after a long time. Of course, hodling long-term is still a thing for me but I'm not going to be all that, just set a price goal and you'd be good to go when it comes to investing in bitcoin, you might also be able to do other things when you're not just hodling alone, who knows, you might invest during the altcoin season and hit the jackpot.

Yes, I agree with what you said, every person or investor who invests will definitely target what they want. Like Home or something. Not only me and of course everyone is also thinking about this, friends, it really takes a long process or time to achieve all this. Yes, of course all investors will release their assets to enjoy the profits they have been patiently accumulating and waiting for their desired targets. it's impossible for them to bury their assets until the end of the world. Yes, we don't just make one choice in investing, we need something like alt to be our investment collection to produce optimal profits, and pursue what we have aspired to. alt is indeed quite affordable compared to bitcoin. And choose an alt that has excellent fundamentals.

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Quote from: Riginac111 on May 19, 2024, 05:28:29 AM

You need to continue holding bitcoin because if you fail to hold bitcoin that is it possibility that you may not continue to make a kind of profit you do make when you hold so the reason why people hold their bitcoin is because they really want to make a profit and also accumulate from different participative

I think depending on how much he or she has invested in bitcoin in order to see a real difference between the amount invested and amount returned. If you are someone who had invested huge, you can probably see huge returns immediately meanwhile if you only invested a few then you can not see much difference after only a while so you may have to wait and hold for more until you see some really significant returns.

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Quote from: Riginac111 on May 19, 2024, 05:28:29 AM

You need to continue holding bitcoin because if you fail to hold bitcoin that is it possibility that you may not continue to make a kind of profit you do make when you hold so the reason why people hold their bitcoin is because they really want to make a profit and also accumulate from different participative

Reaching the investor's goal means that he or she can terminate the investment. Some people bought Bitcoin long ago and have set a price to sell it at. When Bitcoin reaches this price, he can sell some or all of his investment. There are sellers and buyers at every price in the market. The current price may be someone's target price and they may terminate their investment. The current price can be one's entry price and one can wait until the price one targets. This is actually one of the very different aspects of the market.

It is known that Bitcoin holders profit in the long run. Those who have a long-term goal and can continue without terminating their investment in this process can achieve their goals. As I said, every investor's price target may not be the same.

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You need to continue holding bitcoin because if you fail to hold bitcoin that is it possibility that you may not continue to make a kind of profit you do make when you hold so the reason why people hold their bitcoin is because they really want to make a profit and also accumulate from different participative

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Quote from: Mrbluntzy on May 19, 2024, 02:14:32 AM

@yazher, you are right about some investors, before they invest in Bitcoin they were already rich due to other sources of income they built. It doesn't matter much to them if their Bitcoin is left for eternity without being sold. Everybody are not equally rich and doesn't have the same financial status, the only way OP can hold his Bitcoin for eternity is if he was very rich and doesn't have needs for the profit he made for his Bitcoin.

The time of holding is related to an investor's financial status so if an investor has lots of money and is already wealthy then there is no need to sell Bitcoin immediately and he can wait for longer time without thinking about his Bitcoin investment.

But if a person is financially unable then he will regularly check the market condition to sell his Bitcoin to make himself wealthy. Every person is not able to continue his holding for longer time and the reason is either impatience or their financial status which does not allow them to keep holding without selling as they need money for managing their life necessitates.

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Quote from: yazher on May 17, 2024, 05:34:37 AM

other investors can really wait much longer since they don't have any issues with their financial status, they can afford to lose their bitcoins investment and at the same time, they have multiple sources of income.

@yazher, you are right about some investors, before they invest in Bitcoin they were already rich due to other sources of income they built. It doesn't matter much to them if their Bitcoin is left for eternity without being sold. Everybody are not equally rich and doesn't have the same financial status, the only way OP can hold his Bitcoin for eternity is if he was very rich and doesn't have needs for the profit he made for his Bitcoin.

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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)?

That's why bitcoins are held according to a plan, everyone has a plan in life. Because when you reach your plan you start selling bitcoins and again if you want to hold more you can hold more. Bitcoins are held or invested only for the purpose of gaining profit, one loves to hold for a long time but the plan is real capital.
I invest bitcoin with DCA method I have been investing for more than a year. So this halving will live until next year's bull run, then start selling and buying again as per my plan.

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You just need to simply set goals without mimicking others because they might have different lives than yours. As for making decisions solely by yourself, it will satisfy you whenever your goal is reached and you can just sell your bitcoins when that happens and buy after it when the price drops. Continue this process until you can finally hold it for a longer term to maximize your earnings. other investors can really wait much longer since they don't have any issues with their financial status, they can afford to lose their bitcoins investment and at the same time, they have multiple sources of income.

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Quote from: Distinctin on March 28, 2024, 05:59:24 PM

Quote from: TelolettOm on March 26, 2024, 06:22:05 PM

Quote from: GideonGono on March 26, 2024, 03:21:52 PM

No one would invest and keep on holding till they die, everyone invest to gain profit, and they would surely take it when they reach their goal.
What's the point on investing if you wouldn't even use your profit? it is an investment not charity do you plan on just being a contributor to make the price higher?

Agree. There is no one who plans to hold Bitcoin until he dies. Everyone who buys Bitcoin must plan to sell their Bitcoin at a certain price. He must expect to take profits from the investment, it is a normal way of people in Bitcoin investment. Although there are people who hold Bitcoin for many years, I'm sure they will also sell the Bitcoin and take profits someday in the future.

It is pretty true that it doesn't make sense if people always keep holding without any purpose. Why people spend their money in Bitcoin if they never get profits? I sounds quite strange that there are people who never sell their Bitcoin. Honestly, I never met the typical of people who hold Bitcoin for many years.

While hodling can be profitable, but we will only come to realize those real profits if we decide to sell them after years of keeping them. That’s the only way where we can enjoy our hard-earned profits once we start selling them for real. However, we can always decide not to sell them all but sell just a portion of them, that is if we are still looking forward for our future profits. While bitcoin can satisfy our longing for profits, but knowing its value appreciates more in the years to come, then it’s best to sell them in portion every year so we can still increase the amount of our profits.

This is correct but some holdings will turn to huge amount of money that we can't spend all, unless we start buying things that we don't need, many people only want to have great life experience that is why they use Bitcoin as their own Gold.

For example, I have most of my money in Bitcoin and I have decided to acquire more Bitcoin as time goes on, this doesn't mean that I won't spend some if need be and I will take profits when Bitcoin makes a new high so that I will have enough to use for buy back in the next bear market.

Banks are reserves for humans, today Bitcoin is my own reserve, at least I will be ahead of inflation, unlike Fiat money, if I need to spend I will go into my Bitcoin wallet, as if I am operating my bank account.

Realized profits you say? I don't care much about this because Bitcoin is a digital gold, it is only newbies who don't understand the four-year circle will believe that they missed the top already, if you want to secure some funds then do it when Bitcoin makes an ATH.

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Each person will have a different opinion about this, because each person has different conditions and goals in investing in Bitcoin. I think, it's very good to invest in bitcoin, but if we don't take advantage of it, then we can't feel the benefits of investing in bitcoin. Personally, I always hold onto the investments I own until I feel that it is a good profit to sell, or I will take a profit when I need it. So, if I'm confident in the bull run continuing, I'll hold until I need it or I feel like it's enough.

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Quote from: lixer on March 29, 2024, 11:44:59 AM

Quote from: crwth on March 25, 2024, 10:31:26 AM

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.

I also don't think any sane person would sell their saved bitcoins at this time when everyone is seeing how high the price of bitcoin is now and how much higher it can go. I regret that six months ago I sold some of my bitcoins, now I wish I hadn't sold them.

It is said that a man learns from his past mistakes, so I think no one should make this mistake now, if they have old bitcoins they bought when the market was very much down, they should save them for at least six months or a year from this point because we are yet to witness the actual bull run which generally occurs after the halving event in every Bitcoin cycle.

If you were able to sell Bitcoin six months ago, you wouldn't do that if you didn't have an important use for it, so you shouldn't regret it because I am pretty sure that it helped your family or your loved ones.

Yes, I understand the sympathy of your feelings, because it is true that it is sad that, if we think about the value of the amount of bitcoin that you sold, it is possible that the amount that was when you took it out may have doubled or more.

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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)?

Holding forever doesn't make much sense for me, what's the point, being rich only looking at a smartphone? Many people must hold because they own very little quantities so sometimes it's not even worth selling what they have unless bitcoin reaches some very important numbers. Even someone who owns a full bitcoin, ok, $65k are a lot of money but they are not going to change your life. Probably not even in a third world country.

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Quote from: arjunmujay on March 29, 2024, 05:20:49 PM

Quote from: lixer on March 29, 2024, 11:44:59 AM

I also don't think any sane person would sell their saved bitcoins at this time when everyone is seeing how high the price of bitcoin is now and how much higher it can go. I regret that six months ago I sold some of my bitcoins, now I wish I hadn't sold them.

It is said that a man learns from his past mistakes, so I think no one should make this mistake now, if they have old bitcoins they bought when the market was very much down, they should save them for at least six months or a year from this point because we are yet to witness the actual bull run which generally occurs after the halving event in every Bitcoin cycle.

no one can predict with certainty how much the price of bitcoin will rise when and after the halving occurs. Therefore, become a player in it so you can feel how valuable the bitcoins you have are. and even though bitcoin has experienced a decline, don't sell this very valuable asset, because there are still many people out there who want bitcoin at an even cheaper price even though that will never be possible.

What we might not understand about the bull market is that it is not certain the actual time the price of Bitcoin is going to skyrocket that is why we are left with puzzle of trying to buy as much as we can so we can make money from when the price of Bitcoin skyrocket. The bull market is going to come and continue but we are left with the confidence to buy and hold. If we want to buy and make money we would be ready to avoid some unnecessary buying because it looks like the price of Bitcoin might still go down which will be a perfect opportunity for those that want to buy and hold.

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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.

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)?

Quote from: Stablexcoin on May 16, 2024, 04:09:30 PM

Don't be surprised there are still investors who have accumulated enough bitcoin that would choose to sell some portions of it to buy cars, houses, and other luxurious things. Do you think it is stupidity to do that? Think about it those investors that started investing in Bitcoin 10 years ago selling now and living the life they deserve won't be such a bad idea. In my opinion i feel like it is not a bad idea but selling their entire Bitcoin that is where they might be wrong.

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

it's strictly based on individual differences dude... I can't really say when you have to sell your Bitcoins, but I can advice on when to buy.
These are my reasons; everyone passes through a different phase of life and, sometimes, you could need to rejuvenate your career, personal life, or some other exegencies of life.
At that point, do you have any reason to not sell some part of your HODLing to solve your problems? No!

Quote from: hugeblack on March 23, 2024, 08:44:55 PM

After 10 or 20 years, if you have a stable job and life, you will rarely try to sell your Bitcoin.

I'll sell them if it ever gets to that point from now. The sole aim is getting a better life alongside with every other benefits.
I have learnt so much with the little time I've spent in here and, I think that's a benefit that comes with HODLing.

Edit;

Quote from: lixer on March 29, 2024, 11:44:59 AM

I also don't think any sane person would sell their saved bitcoins at this time when everyone is seeing how high the price of bitcoin is now and how much higher it can go. I regret that six months ago I sold some of my bitcoins, now I wish I hadn't sold them.

You didn't sell them for some random reasons, did you? There are some situations in real life that you can't help...

Topic: End Goal or Keep HODLing? - page 3. (Read 1349 times)