Topic: End Goal or Keep HODLing? - page 8. (Read 1390 times)

I have learnt a new initiative that is helping me HODL my Bitcoin better and that is setting up emergency funds. I think this should be one of the best thing I learnt in this forum beside the DCA method of buying Bitcoin. Now the approach is that any funds that I get, I keep the part for my basic needs, then keep some part as emergency funds for any unexpecting thing that might happen which were not planned for. Then it is from part of the remaining that I will invest in Bitcoin. This way, I will not be pressured to sell my Bitcoin when I do not plan to. In other words, the emergency fund is like a protection of my Bitcoin and with its implementation, I have confidence that I will be able to HODL my Bitcoin for as long as it is necessary.

Your thoughts on this is really funny, but it's still valid to some extent but I think you just have some things twisted up a little bit. Holding your coins isn't exactly fixed for everyone, because I believe you are the one to set the barrier to which is okay for you to actually sell the Bitcoin. Besides what's the essence of actually holding the coins in the first place ? I believe people do this for the huge profits that is possibly tied to it and besides how would save your coins till death, then why did you save ?

I think it's the wrong principle to hold it for years or until death will not sell it then what is the benefit of him not enjoying the profit?

What is meant by HODL in the long term varies, it can be 10 years or more because they will assume that with that time they are still old and they still feel how the long-term benefits of bitcoin, so I will also determine a certain period of time or in other emergencies.

About your investment that has 3x profit then you can decide for yourself whether the 3x profit is worth it? Do you need immediate funds, if you believe ATH will happen again then make sure it's HODL considering the halving is still not yet then the bullish will continue, but the decision will remain with you not others.

First of all ask yourself what is your aim of Buying Bitcoin in the first place, each investor has it's own target or goal , However, Bitcoin is money and you can hold your Bitcoin to any duration of time you want, using myself for instant, I usually take my profit out the table as we keep hitting new highs, while at the end of the cycle my capital remains intact and which I use to accumulate Bitcoin during the next phase of the market.

what motivated you to invest into Bitcoin in the first place? I guess You didn't just invest into Bitcoin because you saw people doing so.

The decision to withdraw your holding at certain time along your investment journey is dependent on wether you've reached your investment goal or you have a pressing need you want to use your investment for. As long as you're not in a haste to sell use your holding, the I will advice you keep holding on to your investment but if you've reached your goal and you're probably at a profit that's cool enough for you, then it's okay to take off your investment.

I think I don't subscribe well to that either of keeping your investment forever. As long as you're in profit, don't wait too long before getting a profit out of your investment. You can decide to take part of your profit and maybe reinvest part back into it since you're probably at a comfortable profit level which might allow you to take advantage of buying during the DIP.

Always do what you have had in mind, never ask what you should do from complete strangers here in Crypto-currency rather you see reasons or advice on the potentials possibility or risk in making any moves and then you check which is best for you, right now Bitcoin has not gotten complete take over compared to Fiat so you would still need Fiat and from the looks of things you are an investor and you need that profit for yourself.

Many people who has made up their mind to hold Bitcoin for life either has alot or has other sources of income, like myself I see Bitcoin as something I would use freely in the future but I am not foolish not to have other sources of income to help me carry on holding Bitcoin.

It is important for someone in financial matters to set targets, especially if you are an investor, of course you must have your goals as an investor, whether it is a pension fund or just going to be used as a hedge of your wealth or even you make it a place to make money in a period of 4 years or even every day, of course you must have a goal and make sure that you have a benchmark in any investment.

If you are confused today to withdraw money in bitcoin but there is no urgency whatsoever in your needs why not hold it as long as you believe that bitcoin will create a new ATH that is higher than before, you have to look at yourself first and then make a wise decision, honestly taking profits or taking capital is enough and leave the rest for the increase in bitcoin that you have estimated.

Nobody on this forum has the right to dictate what you do with your Bitcoin by the time he hits a target that you're okay with. You will Always hear people talk about hodling bitcoins for as long as possible, the "as possible" from that statement means to the point when you are okay with hodling and then decide to sell off some for other purpose.

While hodling your bitcoins, have  a target and a purpose for hodling, having a target or a purpose for hodling can be something to motivate you into hodling more.

Just follow these 3 simple steps IN ORDER:
1. Sell during the bull market.
2. Buy during the bear market.
3. Continue accumulating after the bear market.

Right now, we are entering the bull run. It's a perfect time to sell your assets like Bitcoin or whatever crypto you are holding. Always, always take profit because the main goal of an investor is to make profits. Now when you sold your tokens already, wait for the bear market to happen, and that happens usually after the bull market. At that moment, you have the money that you got from selling your assets. When we are in a bear market, prices go down, and that's the perfect opportunity for you to buy Bitcoin or whatever cryptocurrency you want to buy. After the bear market comes the accumulation phase, and even though the prices at that time isn't as low as when it's still in the bear market, I can say that it's still a good time to buy some coins in preparation for the bull run.

Always take note that the market moves in cycles, so make a strategy based on the cycle as well. This kind of strategy takes time, but it works every time. Just imagine you bought some Bitcoins way back in 2020 and sold it in 2021 then bought again in 2022, 2023, and 2024. Holding your Bitcoin forever without selling is a stupid strategy because there will be a point where you will sell it for some reasons. As an investor, your main goal is to sell your assets and take some profits.

A long term means when the price of Bitcoin goes above your purchase price, like your said no Bitcoin will sell for life.
Then you will not invest in it, you will be greedy that the price is going up and you will continue to hold pay.
Go buy on dip then hold until you get profit and when you get profit then book the profit and don't hang your investment and trade.

Op has a good point. I live in a region that went through a major crisis in the 90s, and a lot of people lost tons of money they've been saving up for a very long time almost overnight. The problem was that they kept saving up and didn't cash out because they didn't think anything would happen, and they didn't have an end goal. While I don't think Bitcoin will collapse like that, I believe that hodling indefinitely without a goal of what to do with that wealth and without even enjoying the profits is as good as having zero BTC because then it's just useless numbers on the screen.
I think it's healthy to sell some BTC from time to time, or at least to have an idea of what one wants to be able to afford with Bitcoin eventually.

It starts with the fact that the main rule is to invest only what you afford to lose. And if one has the possibility to keep the investment on, never sell and give it to his kids, why not?
But imho it's not a healthy approach. Imho it's healthier to sell some, now and then, if that becomes meaningful.

Just beware, any approach is a double edged sword. For example I hope that I could get to retire a tad earlier. Just, since I am living by "sell some" rule, plus for me Bitcoin was also earning, not that much of investment, I sold (to buy daily normal stuff) most of the coins I've earned. And this doesn't help much to my goal. It helped Bitcoin economy though.

So you can get to regret you've sold. Or you can regret you never got to benefit your investment. Pick one! 

One point is that eventually you won't need to sell bitcoin, you can transact in it without having to cash out into fiat.  That is a few orders of magnitude away from here though.  Holding it is even more important for those in countries with very high inflation rates or the prospect of currency controls etc.  In other words, it is smart for everyone to have some.

The main goal of holding Bitcoin is to make good profits, and this requires long-term holdings. Every man has a dream and every man wants to fulfill that dream. And for this all usually save money in a bank or with themselves, while the amount of money they keep remains the same and their savings do not increase. But if they hold on to Bitcoin for a long time, that savings can grow over time and thus they can make huge profits. Everyone usually holds bitcoins for fulfilling their dreams or for good earnings and the longer term it is the more profitable it is and that is why it is said to hold bitcoins for the long term.

If someone doesn't want to sell bitcoin until the end of their days, then this is only their personal decision, which you don't have to adhere to.

x3 profit is quite good. How many “ financial tools” do you know that allow you to repeat this? So, you can be content with this result. If you kept this money in traditional money, you would have already spent it on all sorts of nonsense or would have received -x1.5-x2 due to inflation.

Or do you still want to keep bitcoin until your death? But what's the point? Then it turns out that you made x0 profit.

Will you really do exactly what I tell you to do?

You should personally create an investment strategy for yourself and stick to it, rather than asking others what to do.

Any investment, if successful, must be implemented. That is, at some point the profit must be realized and taken by you, otherwise it is already charity.

The classic investor strategy: buy low, sell high to make a profit.

Everyone is always setting targets for themselves, and they do want to hold bitcoin till they archive their target. If you don’t want to sell your bitcoin, then it’s your choice. Some people will want to leave their bitcoin for their children, so if you are investing in bitcoin, if you notice you are satisfied with the profit you have made, you can just decide to sell all your bitcoin, and you can decide to sell part of your bitcoin and keep on holding the remaining one. After the next bull run, I am going to sell like 70 percent of my bitcoin, and I will leave the remaining bitcoin.

It’s left for you to decide. I don’t think anyone should tell you what you are supposed to do with your money. If you want to set a goal, and after achieving it, you are going to tell it, or you are going to hold it forever, you should make the decision yourself.

Learn to differentiate between what people say and what people do!
On social media and on forums like this everyone is balls of steel, keep hodling, etc, in reality even as some type hodl they push the sell button.

And even leaving this aspect aside, nobody says to keep the coins till you die, more like keeping them instead of going to fiat again is a better solution, if you don't need the money and you believe in the future of the coin why sell? What would be the point? If you feel safer with $ than with BTC it simply means you don't trust BTC


Desires and means to fulfill said desires!

Bitcoin is about smarts, not luck. HODLing? Selling? A winning plan is needed for this tough decision.

Please note that HODLing is not for lazy people. Viewing the big picture. Bitcoin is a revolution, not a stock. They dont print more, therefore value rises. People simply want it. Bitcoin has made tremendous gains in the past. If you think it keeps rising, you're not crazy.

However, clever investors know when to act. Setting a goal is navigating, not quitting. Determine your risk tolerance and what makes sense. At that number, boom! We must reconsider. You could sell some, profit, and invest the rest. Balance, market knowledge, and sharpness matter.

YOU decide whether to hold or sell. Make it count. Bitcoin is the future, not simply money. Keep reading, follow trends, and act confidently. Winners go that way.

Well, I don't think it is right for you to say "stupidest idea." How can you judge them? It's their own holdings or assets, not yours, so what can you say? If they choose their assets to be with their graves, then let them be. If for you, bitcoin is something that could bring you wealth, so be it. Don't call someone's decision or desire to be stupid; you don't know anything from them.

Anyway, as for me, I also don't sell the majority of my holdings. When there is a good movement or bull run, or like what happened recently when the bitcoin price set another ATH, I sell only a small portion. Because that's the only thing I need, I only sell the assets I need, whether for needs or wants, as I want to see how far bitcoin can go and whether it will be beneficial for me to hold my assets for too long.

OP what do you think?

What do you want out of Bitcoin?

You don't have to do what others are doing, I hope you know that, just make up your own mind and do what you want with Bitcoin, you don't have to hold until the end of time, although I dont want to live without no Bitcoin at all.

Have your plan, you can hold for the short term or long term, it's your Bitcoin, so do whatever you like, I have Bitcoin and I plan to hold for a long time, this won't stop me from taking profits either, do not forget that there will always be a bear market and bull market.

It makes less sense to hold Bitcoin through a bear market just because you dont want to be out of Bitcoin, I will always sell in a bull market, secure some profits, and buy back in a bear market, this will increase your bitcoin than holding and buying.