HODL ₿itcoin for Life, not for Lifetime.

Bilgent

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Quote from: The Cryptovator on November 14, 2020, 01:07:18 PM

Most crypto users are familiar with the HODL (Hold On for Dear Life). It's a good thing if you can HODL. I want to say HODL for dear life, not for lifetime. There is a reason why am I saying that. During the last bull run in 2017, I had more than enough funds to start a real life business by selling my Bitcoin. And to be honest, starting a real life business was too important for me since I was doing a job abroad. But sadly, I was greedy and had been waiting for more bumps. Eventually, I regret and now I can't do anything with that fund since bought a dew worthless shitcoin.

So if I HODL for dear life, then I should sell it for my need. Even I would won more BTC now since there were many opportunities when bitcoin dropped up to $3K.

What's your opinion? Should we HODL for Life or for Lifetime?

I agree with this very much really. Being greedy is one of the worst and most damaging things for a person who invests in a cryptocurrency. HODLing is the most sensible thing to do especially if you have some amount of Bitcoin. You should wait patiently for a few years if necessary and you will get the reward for your patience. Otherwise, you will probably be very regretful for wanting more and not selling at the right time as it happened to me once. Grin

milewilda

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Quote from: Raflesia on March 15, 2021, 12:31:31 PM

Quote from: doctor877 on March 15, 2021, 11:59:49 AM

holding for a lifetime should not be at the expense of a dear life. we humans always want more even after meeting a target, its what everyone does. this same thing happened to me likewise many times while i hold a token that is mooning but i refuse to take profits and then next time it will dip and i will sell below what i should have sold back then. the point is to just be satisfied with whatever profit you realize especially when you have it attached to important things which are offline.

What to hold on to for life don't we want bigger profits in the short term? If we have held it for a long time while the target has been reached, it means that we need to sell it if we want the price to continue to be high then it can be called greed that has no end, of course it will require funds at any time when offline, therefore with the target already of course and also the price has become good after selling, so there we are always grateful for what we have done, if we only see in terms of prices to keep going high then there is no end to whenever.
Bitcoin must have had a time when it was bearish, so there we must be prepared for all the conditions if it is strong to hold on for longer.

Would really be a never ending situation because we would really be always looking for something much bigger and that would really be on infinity because we wont know on far we would able to go.
Therefore, we should really be setting a specific target on when we do take out profits.It isnt really bad to held up for years but it would be worth that you would able to enjoy and cherish those profits
while you are still able to make out some travels or do enjoy on things in life while you are still young rather than on holding like forever where those profits of yours wont really be able to enjoy for yourself.
This is just a matter of personal preference though since its their money then we cant really stop if they do have those kind of aims for their investments.

rdbase

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This is a quite a peculiar thread I have read here in a while on the forums. Undecided

HODL was a meme statement created out from a user who misspelled the word hold and they rolled on it from there pertaining to the crypto markets.
Now to me holding is different from HODL'ing because they basically mean to different things and to all different people.
So this argument would never ever be resolved in this lifetime. Cheesy

To have a play on words! Grin

Raflesia

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Quote from: doctor877 on March 15, 2021, 11:59:49 AM

holding for a lifetime should not be at the expense of a dear life. we humans always want more even after meeting a target, its what everyone does. this same thing happened to me likewise many times while i hold a token that is mooning but i refuse to take profits and then next time it will dip and i will sell below what i should have sold back then. the point is to just be satisfied with whatever profit you realize especially when you have it attached to important things which are offline.

What to hold on to for life don't we want bigger profits in the short term? If we have held it for a long time while the target has been reached, it means that we need to sell it if we want the price to continue to be high then it can be called greed that has no end, of course it will require funds at any time when offline, therefore with the target already of course and also the price has become good after selling, so there we are always grateful for what we have done, if we only see in terms of prices to keep going high then there is no end to whenever.
Bitcoin must have had a time when it was bearish, so there we must be prepared for all the conditions if it is strong to hold on for longer.

doctor877

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holding for a lifetime should not be at the expense of a dear life. we humans always want more even after meeting a target, its what everyone does. this same thing happened to me likewise many times while i hold a token that is mooning but i refuse to take profits and then next time it will dip and i will sell below what i should have sold back then. the point is to just be satisfied with whatever profit you realize especially when you have it attached to important things which are offline.

bandungan

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for me, having bitcoin depends on our needs, if our needs can be covered using money other than bitcoin we can hold bitcoin for the long term. but if we are forced to use bitcoin to live, I think it is not a problem to sell 10% bitcoin for a life for nothing to lose

pawanjain

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Nothing lasts forever

Quote from: The Cryptovator on November 14, 2020, 01:07:18 PM

Most crypto users are familiar with the HODL (Hold On for Dear Life). It's a good thing if you can HODL. I want to say HODL for dear life, not for lifetime. There is a reason why am I saying that. During the last bull run in 2017, I had more than enough funds to start a real life business by selling my Bitcoin. And to be honest, starting a real life business was too important for me since I was doing a job abroad. But sadly, I was greedy and had been waiting for more bumps. Eventually, I regret and now I can't do anything with that fund since bought a dew worthless shitcoin.

So if I HODL for dear life, then I should sell it for my need. Even I would won more BTC now since there were many opportunities when bitcoin dropped up to $3K.

What's your opinion? Should we HODL for Life or for Lifetime?

Dependence is the key here. If you wait for bitcoin or any cryptocurrency or any asset to reach a specific price so that you can do something out of it and if the price crashes before that is when you will face the biggest trouble. So just cash out whenever there's a need. If you don't use it in times of need then there's no point of holding it.
When there's no dependence, even if it crashes multiple times won't matter since you won't be encashing it in crashes anyway.

elisabetheva

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Quote from: Rasel5209 on March 14, 2021, 10:10:57 PM

I agree with your opinion cause i saw bitcoin up down in 2017 to 18. Now we should sell btc and start real life business. Today bitcoin price is high but this price is not stable for long life. So i tell don't hold today for life time.

what you say is clearly different because the events of 2018 are not the same as this year, where there was no correction at the beginning of this year, instead it continues to increase and even continues to grow making ATH renewable. this indicates that bitcoin has experienced a very good increase.

If you sell it, it is clear that you are at a loss, other than if you get bitcoin since 2018, you can let some of it loose, because you have already received a fairly large value, but it is not advisable to sell everything.
Please remember that the increase in bitcoins will still take a long time and possibly until the end of the year, so you can imagine how much value will happen to bitcoins, and what if you don't have any more bitcoins, because you have sold all.

nullius

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Quote from: The Cryptovator on November 14, 2020, 01:07:18 PM

Most crypto users are familiar with the HODL (Hold On for Dear Life).

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acronym
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I am surprised that nobody corrected this promptly. “HODL” (often stylized “HoDL”) is NOT an acronym. It does not mean “Hold On for Dear Life” (which would be “HOFDL”—duh). It is a misspelling that originated with someone who got drunk after Bitcoin’s price crashed in 2013. It simply means, “hold” (in contradistinction to “sell” or “dump”).

No, I didn’t read the thread. Not interested. I am only interested in DuPMing dollars!!!! USD, EUR, and similar shitcoins are losing value—cash out into real money while you still can!

oleg8791

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I prefer the concept "hodl for better life". Having Bitcoin you can't/aren't going ever spend = Having no Bitcoin.

Sithara007

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Quote from: best123 on March 13, 2021, 11:42:48 AM

HODL is good but you should know when to sell. I have sold most of my token because i believed that they have been over bought. What i am waiting now is for a dip or bear market so that i can replace most of my assets. Though, i still have some assets that my target is next year.

From what I have seen during the last 6-7 years is that it is impossible to predict the future prices of cryptocurrency. The only thing to remember while selling your coins is that you should strictly follow your profit booking targets and avoid panic selling. If the prices are crashing, then you should analyze why they are going down before dumping your coins. If it's just a temporary fluctuation, then you will end up with huge losses if you sell your coins at that point.

Rasel5209

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Quote from: The Cryptovator on November 14, 2020, 01:07:18 PM

Most crypto users are familiar with the HODL (Hold On for Dear Life). It's a good thing if you can HODL. I want to say HODL for dear life, not for lifetime. There is a reason why am I saying that. During the last bull run in 2017, I had more than enough funds to start a real life business by selling my Bitcoin. And to be honest, starting a real life business was too important for me since I was doing a job abroad. But sadly, I was greedy and had been waiting for more bumps. Eventually, I regret and now I can't do anything with that fund since bought a dew worthless shitcoin.

So if I HODL for dear life, then I should sell it for my need. Even I would won more BTC now since there were many opportunities when bitcoin dropped up to $3K.

What's your opinion? Should we HODL for Life or for Lifetime?

I agree with your opinion cause i saw bitcoin up down in 2017 to 18. Now we should sell btc and start real life business. Today bitcoin price is high but this price is not stable for long life. So i tell don't hold today for life time.

rosebrand

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As for me I agree with you, I can't hold for life time I rather hold for dear life because surely in these crypto markets when it gets very high it will surely come down and also there is also a bearish season just as there is bull season so for me I hold for dear life, buy when prices are on deeps hold for long and when it gets to the top I sell off and wait for a retrace of a deep to buy and hold again, We should never let our greed control us take decisions.

Question123

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It depends on the person until when they are hold the bitcoin, because for me bitcoin is not for life time because for sure they have time it will die or people will not buy it. Bitcoin will live for more years or decades and it will be good if it's live long because more people will earn more profit. Holding bitcoin is really good for now and the next coming few years but we do not until when.

geegaw

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Quote from: Amejoaquim on March 13, 2021, 09:27:02 PM

For me is verry simple, when "My Real Life" force me to sell, i'm gonna sell it with no regret even though the price will rise after i sell it.

I invested just for to get more money, with that profit i can enjoyed my life (Travel around the world and buy expensive stuff).

Whats the point if we hodl the coin but we can't enjoyed it Cry

And the most important we should set our "target" so we don't lose our opportunity to sell and one more thing is don't be greedy!

Agree, we are investors, not antique collectors, lifetime holdings can bring historical value, even luckier, our assets will be enough to change the generations behind but the future is a dark and inexplicable wall, instead of trying to bet as a gambling game, we should hold profits in the short term and accumulate over time. It has many advantages, short-term profits will be enough to meet the economic needs and the benefits of living, long-term profits will build a future, lifelong thinking is too greedy and uncertain

nightxglow

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Well, of course i don't agree with lifetime. I mean, we invest because we would like to earn profit from it for our life, and not to keep holding it for the lifetime, like for what?
There will be times when we need to convert our bitcoin to afford our living, or to start other business like you said. And i think, we need to sell our bitcoin, so other people can buy it, and the market can keep going. if everyone just hold without having intention to sell it, then we won't go anywhere. There will never be changes in price and others. So it's better to hold, and sell it in the right time. Even if later the price went up and you regret selling, that's okay, that's the cycle. you can just earn more bitcoin, hold again, and wait until another right time.

panganib999

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Quote from: rodskee on March 13, 2021, 10:05:06 PM

I believe that there is no term as lifetime when you are talking about Investment , because in one way or another you will get profit for sure as that is the structure of your risking .
Not unless you lose your days and end up dying while your funds is still inside crypto.
But for the majority of us here ? i believe that HOLD stands for the time frame they allotted on which coin they bet, some took months while others took years but in the end ? they will took their funds and try to invest in another coin.

I definitely agree. Lifetime investment isn't that so applicable because as we all know this kind of investment will not be hold as long as lifetime. In your everyday life and situation you will need to withdraw it and use it in something that you need to like emergency and financial problems. Lifetime Investment isn't the right word to be use. I think the word you may use is Long Term investment. It is the same idea but of course you are sticking to the possibility of having the funds withdraw someday. Besides, in Crypto investing are very complicated and risky, you must strategize in order to avoid getting lose.

rodskee

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I believe that there is no term as lifetime when you are talking about Investment , because in one way or another you will get profit for sure as that is the structure of your risking .
Not unless you lose your days and end up dying while your funds is still inside crypto.
But for the majority of us here ? i believe that HOLD stands for the time frame they allotted on which coin they bet, some took months while others took years but in the end ? they will took their funds and try to invest in another coin.

Amejoaquim

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For me is verry simple, when "My Real Life" force me to sell, i'm gonna sell it with no regret even though the price will rise after i sell it.

I invested just for to get more money, with that profit i can enjoyed my life (Travel around the world and buy expensive stuff).

Whats the point if we hodl the coin but we can't enjoyed it Cry

And the most important we should set our "target" so we don't lose our opportunity to sell and one more thing is don't be greedy!

best123

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HODL is good but you should know when to sell. I have sold most of my token because i believed that they have been over bought. What i am waiting now is for a dip or bear market so that i can replace most of my assets. Though, i still have some assets that my target is next year.

Topic: HODL ₿itcoin for Life, not for Lifetime. (Read 1641 times)