Topic: End Goal or Keep HODLing? - page 3. (Read 907 times)

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.

I feel like you're confused about the idea of holding. People are holding long term, that doesn't mean they are holding it all, never using any of it, until they die. The only reason to do that would be to pass on the bitcoin to future family generations. Which is fine, but most people are only going to be doing that with some or none of their bitcoin.

Most people are likely holding for retirement, or until they have enough to financially change their lives. So holding for a few years isn't very long. The end goal for most HODLers is to gain a lot of wealth over the course of decades. That doesn't mean dying having never used your Bitcoin. But it also doesn't mean having to sell just because there's a bull market. Bull markets come every four years. Four years isn't a very long time to hold a long term investment.

Everyone makes up their own goals. HODLing is just what you keep doing until you get to your goal, whatever that goal is. It could be holding until you use it to buy a house, or holding until you retire, or gradually spending it over the course of many years or decades. It doesn't really make sense to ask OTHER people what you should do. This is your own money, OP, you use it however you want based on your own needs in life. Do you have financial goals in life? If so, then Bitcoin can play a part in those plans. And you base what you do with your Bitcoin around your own personal life financial plans.

We should just keep a target object where we can finish and start again. Especially when we invest in bitcoins and Hodl holdings waiting for new ATH just hoping to make a profit. And when Bitcoin reaches the peak, we will definitely sell and then buy Bitcoin again when the bear market starts. And we believe that Bitcoin will continue to make various targets forever and its value will increase rapidly and record new ATH. So in my opinion we should have a goal when we invest in Bitcoin to hold it for the long term until it generates new ATH. And in the realm of Bitcoin it is best to HODL for the long term, trusting our operating principles.

There is no point in hodling forever and investing in any sector without a strategy will be useless. If you are investing money in Bitcoin then you must have a strategy with you like how much you will invest, what's the price at which you sell and more. We do investments to gain profit and improve our quality of living and that can be achieved only when you sell. Hodling for long term is no doubt beneficial but make sure it's long enough that miss out chance to enjoy your profit.

I keep a long-term view, believing in Bitcoin's potential to shake up finance over time. Diversification is key so I spread my investments around to manage risk. I'm cautious with my money, only investing what I can afford to lose and not getting caught up in hype. I stay informed by reading up on the latest trends and tech developments. Overall I just do what feels right for my financial goals and risk tolerance

Keeping bitcoin forever is just probably a white lie, that’s up to you if you will stick with it or just take profits everytime the market is capable to. However, I don’t see it as an issue if ever there are actually investors here who keeps buying and hodling with no plans of selling. As long as it’s never a burden for them and still manage to live their lives conveniently, then hodling forever is fine, because I’m sure they have prior plans before risking their money in bitcoin.

But as for my personal view, we are here to invest and gain profits, so it’s given already that we need to sell in order to get satisfaction from our profits, and hodling forever will always be impossible for me, well that’s only from my personal point of view.

This is the reason why one needs to be knowledgeable on his investment at first before he will finally proceed on the investment process. So that in times confusion arise, he can weigh things right on what to do and what not to. Hodling bitcoin forever does not actually exist because in reality, people become more greedy to sell their coins once they have seen that there are already huge profits that they can get from selling their coins. So in the end, these people will eventually decide to sell, some become even more greedy to sell all their coins without leaving some coins for hodling so they can still look forward for future profits.

It is important to set goals for yourself. Without it, there is no point in doing anything. You can take back the money you invested (starting capital) and leave the rest and continue the experiment and watch your balance grow.
Let’s say I haven’t decided yet what I want to buy or what to invest in next. So I continue to accumulate my savings in cryptocurrency and, in general, I’m ready to exit at any time, but there is no need for this yet.

We have different goals. Some investors prefer to keep holding because of what they believe in. It's an advantage that they're still able to go on with their lives without the need to sell because they are not relying on their investment. The history that Bitcoin keep on increasing as time passes is a sufficient reason on why many of us chose to be a long term hodler.

It depends. No one is stopping you to sell if that's what you think is the right thing to do at this moment (as you've said, you're already in profit). Because you're the only one who can answer this question for your Bitcoin. Thus, much better to have your own analysis because if you're going to ask the investors, probably majority will encourage you to hold.

what you do is more about bitcoin trading, not investing. not in the benefits you get, but how.

In fact, even if you don't do that, you can still make many times the profit by using DCA. and when you need it, you can sell some of the passive income you get from the DCA method. What's more, you will never worry about market movements, whether it is going up or down, everything will be fine because passive income will continue to flow and you can sell it even when prices are going down without feeling a loss.

My goal is to keep taking some profit from the top during bull markets and stack bitcoin in bear markets.

I'll give you an example.
In every bull market when the price breaks the last ATH I start selling a bit and buying all the things that I had plans for in the previous years. For instance, in the 2021 bull market I bought myself a car and some electronics like a new computer. When I have all the things I need and the price is still going up I will get a bit of cash to have some money for potential investment in the bear market and that's what I did in 2021. All of that selling amounted to a small part of my holdings.
In a bull market I start buying bitcoin, first with the profit from my bull market sales and then from my monthly income and that's what I did in 2022 and 2023.

If the price goes to crazy numbers like a million dollars, I'll still do the same.

   You really said well, kudos to you for teaching these newbies on why it is an important to take profit, your thread is simple and straightforward. This is really helpful for those that took the concept of Hodling too far, the main reason for any investment is to make profit, of what is the use of the investment if you are not making the profits. The painful thing about the whole thing is seeing the profit but refusing to take profit then losing the whole thing afterwards. Just like you’ve said once you made the profit 2times or 3times your capital, that’s a good investment if I must say, at least you capital is not the same. If you strategy is to hodl even after seeing profit, then that must be a very bad strategy. If you are even taking out the profit and leaving the rest it a better option than just leaving it to retest it price.
   Do not forget the goal that’s the most important thing, the OP to me is deviate from his initial goal, at some point there will be time for you to sell off maybe use the money for emergency or even enjoyment. Please this is important if you are in profit and you feel like it’s a good profit for you, pleas do not be greedy to allow the good slide down your line. Take your profits !! Don’t forget why you started investing in the first place, it not some sort of decoration for your device. Stick to the plan and keep up with the goal. The market will hassle you if you set at too long, how to enjoy the market is knowing when to step in and know when to step out.

Many of us invest in bitcoin in order to profit from it and to have it act as a store of value that we may even transfer to our families by giving them the seed phrase of our crypto assets before we pass away.

Nobody has, in my opinion, made the decision to keep bitcoin in their portfolio forever. There will certainly be when they intend to sell their Bitcoin holdings for enormous gains and that's no one business when anyone decides to sell their bitcoin. 

What matters is how much bitcoin have you accumulated so far and what price are you selling your bitcoin at. 

So, the deal is that fiat money is flawed as it keeps on being printed which causes inflation. This means that even without halvings and with no new people interested in bitcoin, no institutions and such, bitcoin should only inflate by 2% a year as new bitcoin is being mined, while fiat money inflates by 5% on the average, with some countries reaching 50% and more.
It's not about being stubborn and not selling. It's about holding all your spare cash in bitcoin since it doesn't inflate and puts you in control, regardless of what the government does. I bet Ukrainians and Russians got scared about holding their national currencies when the war broke out. When I hold bitcoin, I don't care.

My plan is to keep holding forever, but when there's something I need to buy and the price is right, I will buy it.
I'm a go down with the ship type of guy so when bitcoin was falling I've always held, but I buy stuff in bull markets. This year the plan is to build a nice detached garage for 2 cars next to my house.

Yes that's right. Actually, to win bitcoins in a certain time period or long term depends on our respective strategies and goals. There are investors who are so eager to hold onto bitcoin in the long term that even if bitcoin reaches a new ATH they will still hold on to it because they have enough money for their needs. However, there are also investors who only look for profits and in certain periods, if they feel they have made a profit, they sell some or even sell and buy again when prices fall.

I myself am one of those people who only look for profits at certain moments. Like yesterday the price of bitcoin reached $73k, I sold it because I had made 2x the profit and bought it back for $62k and now the price of bitcoin has reached $70k again. Actually holding bitcoin depends on our goals in investing, but it is still recommended for the long term, even if we sell it out of necessity, but when we have more money we still have to buy it using the DCA method again so that we always hold bitcoin.

There are many ways to hold on to your Bitcoins and not sell them. The method you mentioned is one of them. To do this, you'll need extra income, or you'll need to slightly reduce the amount of Bitcoins you buy and set aside some money in other funds. If you have extra income, you can use your investments or savings for emergencies instead of selling Bitcoin.

Since the goal of HODLers is not to sell their Bitcoins for as long as possible, any behavior that supports this is in their best interest.

If you are investing with this method and you can find resources in emergencies without selling your investments, you are doing the right thing.

The essence of holding Bitcoin for long time is for you to make a profitable profit because when you hold a bitcoin for long time the particular amount you purchase the Bitcoin will not be as the same as the current price of Bitcoin that is why many people who hold Bitcoin they hold it Tight in order to make a profit knowing that they more they hold Bitcoin the more the value of bitcoin increases so no one today who is interested to hold bitcoin Until Death the essence of everyone investing in Bitcoin for long time is for the person to make a beneficiary profit.

I've seen many people who is not into a long-term holding of Bitcoin there are into a short-term holding or selling of Bitcoin because they needed the money or the capital to return back to the market why people who summon courage to invest in Bitcoin no very well the system of Bitcoin that it's neither depreciate or it increase in the market and the holding it for long time there is every tendency for you to make a triple of your capital when the market eventually enters a bullrun.


some people can do that for their children and they have a portfolio of Bitcoin to any of their children and store it for their wallet until they die before such portfolio can be given to their children in question, human being cannot do if we can will some of her property to our animals what is it that someone cannot to buy a bitcoin and hold and will it to all in children, there is a possibility for a such to happen so I believe whoever that is holding Bitcoin have it's own motive of holding Bitcoin.

one thing is that every person have it way of keeping Bitcoin or holding bitcoin for long time I believe that the major thing that makes people to keep their bitcoin for long time is because the actually needed the profit when your time or your target have no reached for you to sell your Bitcoin I don't think that you will sell your Bitcoin, many people sell their Bitcoin based on target why others sell. their own Bitcoin based on panic that is why you cannot compare whoever that I have target in Bitcoin and someone who does not have a target in Bitcoin.

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.

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.

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.