Topic: End Goal or Keep HODLing? - page 5. (Read 1357 times)

That's my point, bitcoin is an investment not an heirloom that you're supposed to give to your grandkids, also you'd really be stupid not to sell when you're profiting so much because the price will go down someday and it's not always going up which means that you can still buy bitcoin after some time and get back in because it gets affordable to get in so sell when you feel like the profit is right there for you, nothing wrong with enjoying the profits right? If you're a hardcore hodler, you can probably just sell at a big profit and then wait for bitcoin to go down then buy bitcoin again but you've got more value out of your money.

There is no other principles but to keep accumulating and holding bitcoin , for how many times that i deny this attitude and now i am in finalization of how much i can keep and earn in the coming months/years.
I have no plan of ending my goal now , i wanted to keep holding things that i regret doing all these years.

There's always light at the end of the tunnel like they say,it'll be unwise and tactless to start and have embarked on this journey and eventually abandon the efforts,time and resources in just a day.
HODLing bitcoin requires so much effort and a very long time,even with the scandals from the economic situation.HODLing bitcoin is a super made decision at hand,By HODLing, you allow your investment to grow over time, which can lead to significant profits in the future.

Many experts recommend a "long-term" holding period of at least one year, though some suggest holding for as long as five years or more. This is because Bitcoin is a highly volatile asset,and some investors that do not like volatility or that they wouldn't prefer to trade virtual currencies.

If a situation in real life allows the investor to hold for longer then it will be a good thing for the long term but I think we all know the plain fact is that no two situations are the same. Also, after the ATH it stands to reasons the price will fall therefore what will happen at that stage when people have to make difficult decisions?

I guess that is just some kind of exaggeration. No one will take risk in buying bitcoin if he does not have future plan to sell it. We all know that and everyone aim profits the moment we started trusting and investing in bitcoin. However, if there are those who actually invest without future plans to sell and make profits, I don’t think they’re completely aware about bitcoin investment. Otherwise, they should take time to sell and make profits so they can reinvest again when bitcoin price is at its bearish price.

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.

Op I am not disputing the fact that you bought bitcoin but my concern is that as of December last year bitcoin didn't enter into the Dip and Bitcoin dip was in June 2022 to November 2022 and from 2023 bitcoin was rating from $25+k and above and in December 2023 bitcoin price was about $45+k and above so I don't know which of the December you bought bitcoin as the dip. And that is not withstanding. Coming back to your topic and the first paragraph of the content. I will see it is only greedy people that role over and that is not the main purpose of bitcoin investment. In bitcoin investment, you invest in the dip or when bitcoin is on the lower price then in the bull market or All Time High, you sell them then in the next bull market you buy again and wait for the next bull.

But whereby you buy and be hodling it and when the bull market comes you are still hodling then I see that as savings and not investment.  Because in investment you are to buy and sell.

Set your own goals and dont listen up on someones advises or recommendations since you are the ones who would really be making use of that money whether you should sell or hold forever.
We do have different priorities in life and there are moments on which we do really need to cash out or secure out our profits for something useful. Holding for lots of years?
It would really be testing out your patience and we do know that not all would really be that having that long patience when it comes to this one.

You cant really just that make yourself having that kind of consideration when it comes on following others advises since we do have different needs and situations in life.
Hold if you can and sell if you do see that it is really best time on doing so. Profit is profit doesnt matter whether its small or big.
Secure while you can rather than on selling on loss. lol

It also needs to be instilled in the minds of novice investors, the decline in Bitcoin will still occur. and smart investors will definitely take advantage of this opportunity to increase their accumulated bitcoin holdings. because we are not bitcoin miners, so one way to have more bitcoin is to buy from people who are affected by FOMO when the downturn occurs.

We hold Bitcoin because we believe that its price will increase more in the future. But don't get wrong with that assumption, although there is a chance to make another ATH, still can expect some corrections and price dip as well. If you really think that selling is somewhat of a good decision when it reaches high, why not? Holding doesn't be forever unless our goal is not to make money from it. But our goal is to generate money, then that is the thing we do during its peak like we have now. Some people are suggesting selling Bitcoin during ATH, maybe they just forget that nobody knows when. At least selling our Bitcoin at a high price is not regretting than missing the opportunity.

Your statements is not Contradicting each other. You believe that Bitcoin will make a new all time high soon and you are already profit with 3X, why not believe on that path and keep on holding until it make the new all time high you said your are not confidence about it? If your mind tells you that there is every tendency for Bitcoin price to increase in future, you should hold and not until you seek for anyone validation here. What you should do is to buy more in every correction of pump that we have.

As a new pwedon that is new to a bull run, but more and hold. If you sell this and expect Bitcoin to come down, you might be disappointed that the price will go down and fomo is one thing you should.avoid in Crypto, you might buy at the wrong time later. I believe that on halving day, Bitcoin will surely dump. That's your best time to buy again and wakt for another run to start.

I think you are getting it wrong, people talk about holding bitcoin not until they die but rather holding as long as they can with the aim of maximizing profits. Bitcoin has a potential that over the years it keeps increasing in value so as long as you hold you are liable to make more money so holding for a long time is the target but it doesn’t mean they would keep holding until forever so that’s why having an investment plan is ideal, knowing when to take out profit should be considered before investing else there won’t be a purpose for the investment and would be of no use. When to take out profit is an individual something and it depends on the amount of risk we can take and also how much money you think is enough as profit, each individual has their own target profit so when we take out profit will definitely differ.

Having a target profit is very important because during the bear market it is very difficult to withstand the pressure of selling when things turn around so i advise you create a target for yourself when you take out profit so you don’t end up panic selling and having regrets later except if you intend holding for years probably till after another bull run.

What will be the essence of your investment if you hold your bitcoin forever? Seeing your wallet grow without spending it is as good as having no money so my advice is that you set a target for yourself and take out profits at convenient intervals.

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?

Bitcoin recently crossed its ATH but its price won't stop there. Maybe we ourselves can't even imagine that the price of Bitcoin will go up a lot. But since Bitcoin is at the highest price now everyone is scared to invest here but I think if one continues to invest following DCA and sell the previous investments now then I think he can make a lot of profit.  Although no one including me can guarantee this.  But it can be assumed

But I want to know, why when bitcoin price increases does it become more difficult to sell btc? In investing we want to buy low and sell high and that is the only thing we want, how will we encounter difficulties?

This is the first time I heard someone say they will hold bitcoin forever until they die without selling, I think what they mean is try to hold bitcoin as long as possible to get the best return. The term “hold to die”, bitcoin investors often use this word to express patience in investing. No one will hold bitcoin until death, LOL.

I will continue to maintain that those who say they've been hodling since the creation not Bitcoin and through the circles may not be saying it the way it's. They could be hodling for a long term but taking profits here and there and rebuying at certain points. I don't think anyone will be able to withstand that temptation of not taking profit at every profitable bull rally.

Even at that expectation that Bitcoin will keep breaking ATHs to set fresh ones, it's advisable you take some money off the table. Doing that empowers you to have some funds set aside that will enable you re-enter the market at a dip, in the event that you don't want to spend it on some personal frivolities.

Bitcoin forever? There is no forever from then until now, as long as the important thing we do now is hold assets that we believe will give us a good profit in the future.
That's just the usual thing that long-term investors do as long as they are sure of the coin or crypto they are handling.

There are many cryptos like bitcoin that can also give us profit in the coming times, and it also depends, of course, on how long we actually hold it.

I think you were able to buy bitcoin with enough dip. That's why you are so mentally active. You should hold on to bitcoin for peace of mind. It is profitable to stay stable when you know that after a year or two more triples will add up.
Gradually the bitcoin market will continue to break its ATH and you may regret not buying more. At the moment you can take the especial package of bitcoin that is DCA. Investing in bitcoin weekly or monthly through DCAing can increase your peace of mind.

There's a dilemma there since going back, we've seen how BTC broke the ceiling and dropped heavily countless times. Even if you have a target goal, most of us will be reluctant to sell since the potential for going way higher is always there.

Personally, for the few BTCs I have, I'd keep hodling. I've given up on buying Bitcoins and have moved to lesser altcoins with more volatile movement for my trades and new investments. I believe Bitcoin still has a long way to go, though I don't know the endpoint. A few years ago, a lot of us are laughing at people who say BTC can move past 1k usd. Then 10k. Now we're at almost 70k dollars per coin.  It just keeps proving many unbelievers wrong given time.

I don't know what type of investment you keep forever without selling even if it is a part of it.
Assuming holding your btc can generate monthly revenue while keeping it in your wallet, it would be an additional reward and make you want to hodl forever.

No doubt btc will have a much higher value than what we are seeing at present which will make selling seem difficult but at some point you will have to decide if holding forever benefits you more than selling at least small quantity from your investment. Besides,  what is the purpose of investment if you can't spend it.