HODL ₿itcoin for Life, not for Lifetime. - page 2.

bryant.coleman

legendary

Activity: 3766

Merit: 1217

Quote from: Shasha80 on March 03, 2021, 06:12:18 PM

Our goal of HODL Bitcoin is to get profit, so we don't need HODL for lifetime. If we have reached the sell target we want, we should immediately
sell the Bitcoin that we have. Even if we are greedy and HODL Bitcoin too long it will make us lose many opportunities to get profit. Moreover,
the price of Bitcoin is very volatile, so don't hold Bitcoin for too long. Sell when we have made a profit and buy it again when there is a correction.
By doing this, the profit we make from Bitcoin is far more maximal, because for me HODL Bitcoin is for life.

I have a slightly different take on this. You should sell your Bitcoins, when it is clear that a peak valuation has been achieved and the future prospects are not very bright. The target is not something that should be constant. Target could be changed to reflect the changing market dynamics. For example, if you had purchased the coins in 2012 or 2013, and at that time you set a target of $50,000. Once that target is achieved, you need to think about the next step. If you feel that the future prospects are good, then you can sell a part of your coins and keep the remainder for the long-term after setting a new target.

Shasha80

sr. member

Activity: 1876

Merit: 318

Our goal of HODL Bitcoin is to get profit, so we don't need HODL for lifetime. If we have reached the sell target we want, we should immediately
sell the Bitcoin that we have. Even if we are greedy and HODL Bitcoin too long it will make us lose many opportunities to get profit. Moreover,
the price of Bitcoin is very volatile, so don't hold Bitcoin for too long. Sell when we have made a profit and buy it again when there is a correction.
By doing this, the profit we make from Bitcoin is far more maximal, because for me HODL Bitcoin is for life.

Maslate

hero member

Activity: 2954

Merit: 672

Message @Hhampuz if you are looking for a CM!

Quote from: Zionatin on March 03, 2021, 02:32:18 PM

You should do both!! HODL for life while spending your bitcoin on your life! IT is a currency as is meant to be spent. Enjoy it when you know the price is up high and don't sell or spend it when you feel the price is undervalued. This is really the best advice I can give.

This is also why crypto that is backed by more than just itself and the blockchain is better to invest in since you can get real-world products and services in exchange for the crypto instead of just a dream.

It's definitely use for spending and we need more people who have a mindset of spending than holding it to improve the chance of bitcoin getting massive adoption. At the moment, it's more on a speculative asset therefore we are seeing more people holding or big portion of bitcoin is being hold than being circulated for payment purposes.

Zionatin

sr. member

Activity: 906

Merit: 263

You should do both!! HODL for life while spending your bitcoin on your life! IT is a currency as is meant to be spent. Enjoy it when you know the price is up high and don't sell or spend it when you feel the price is undervalued. This is really the best advice I can give.

This is also why crypto that is backed by more than just itself and the blockchain is better to invest in since you can get real-world products and services in exchange for the crypto instead of just a dream.

carelessboy

member

Activity: 336

Merit: 10

i agree with you . it happened to me.i think all bitcoin holder when earn 2X or 3X profit so sell their token .my luck also bad .i buy btc 2018 and sell 2020 earn some amount .not think about big profit. because bitcoin price any time dump so much. i told you hold your bitcoin for good pump,not lifetime.it,s just my opinion.

Issa56

hero member

Activity: 1484

Merit: 928

I understand the kind of problem you are facing and I believe when it comes to cryptocurrency the best thing you have to do is always holding, the best thing you should do whenever you are holding a very good coin is to hold and make a maximum profit in the future but I believe whenever you are holding always know when to exit the market. Whenever you are holding a coin if you are already in profit and you are expecting a dump the only thing you can do is to sell and wait after the dump to buy more you don't have to be greedy always know when to sell off a coin and know when you will enter the market back. You don't just have to be holding a coin even when you are suppose to take your profit and wait for another dump to enter the market again. And before buying any coin always make sure you do your research first before investing in any coin, make sure you are buying a very good coin with future to avoid your money being Stable or lose of money.

carlfebz2

hero member

Activity: 2926

Merit: 722

DGbet.fun - Crypto Sportsbook

Quote from: isaac_clarke22 on March 02, 2021, 02:38:11 PM

Quote from: ethereumhunter on November 17, 2020, 08:57:43 AM

Quote from: ampu on November 17, 2020, 02:10:58 AM

~

People have their own target price to sell, so they still hold it until they see that price. But yes, I think we can sell bitcoin at the high price and buy back more bitcoin when the price is down because that can give us more amount of bitcoin that we already sold before. If we can have more amount of bitcoin than before, we can have a chance to make a bigger profit, and if we can do that continuously, the profit will be bigger.

Many people could've taken advantage of the price around <45k. It's not the solid floor and it could go way below lesser than that.
Seems like this price range we got which is between 45k and 50k is a bit day tradeable.
Longer-term profits isn't yet showing its signs right now but I know we're gonna retake >50k price. This'll be like dreaming again the 20k back in 2017 but barely managed then suddenly it went higher than that.

Few days passed it did able to hit $50k+ more but it did suddenly goes down in a short time going back to 47k as of this writing and we are really playing off with these levels.

For those who do love to scalp then these movements would be the best recipes for them to do so, next movement is unpredictable even if you do put up lots of technicals along the line.

Minimal movements does neither indicate a possible bearish move or a pump.Its really hard to consider or to know on what would be the next movement in next minute,hour,day or month or years.

isaac_clarke22

sr. member

Activity: 1610

Merit: 264

Quote from: ethereumhunter on November 17, 2020, 08:57:43 AM

Quote from: ampu on November 17, 2020, 02:10:58 AM

~

People have their own target price to sell, so they still hold it until they see that price. But yes, I think we can sell bitcoin at the high price and buy back more bitcoin when the price is down because that can give us more amount of bitcoin that we already sold before. If we can have more amount of bitcoin than before, we can have a chance to make a bigger profit, and if we can do that continuously, the profit will be bigger.

Many people could've taken advantage of the price around <45k. It's not the solid floor and it could go way below lesser than that.
Seems like this price range we got which is between 45k and 50k is a bit day tradeable.
Longer-term profits isn't yet showing its signs right now but I know we're gonna retake >50k price. This'll be like dreaming again the 20k back in 2017 but barely managed then suddenly it went higher than that.

Vishnu.Reang

sr. member

Activity: 1988

Merit: 453

Quote from: ?? on ??

It's very hard to stop hodling as you always expect for the upper price but these corrections sometimes comes so unexpectedly that you can't but hodl again or finally sell if you suddenly needs money for life. Nevertheless one of the main rules in crypto trading is not to regret about the lost opportunities. No one is uninsured from extraordinary life circumstances.

In investment circles, there are techniques to prevent such unexpected losses and to take care of volatility. One option is to go for a SIP (Systematic Investment Plan). You can purchase or sell a certain number of coins every month. If you want to increase your holdings, then you can go for a certain amount, say $100 per month. So you will purchase more coins when the prices are low and less coins when the prices are high. Similarly, the same can be done for selling as well. You can sell a certain amount of coins every month, which will act as a buffer against extreme volatility.

Hamphser

sr. member

Activity: 2604

Merit: 338

Vave.com - Crypto Casino

Quote from: ?? on ??

It's very hard to stop hodling as you always expect for the upper price but these corrections sometimes comes so unexpectedly that you can't but hodl again or finally sell if you suddenly needs money for life. Nevertheless one of the main rules in crypto trading is not to regret about the lost opportunities. No one is uninsured from extraordinary life circumstances.

This is what im doing when i do saw opportunities in front of me or simply when i do see gains or profits then i do immediately sell and i do only hold not tending for lifetime but waiting
for a specific time for me to do so.

Im not that rich or does hold lots which means i do need to utilize the movement of this market for me to make money.Im not depending on it though but its really a good add up
on using it on some expenses.

As long it do able to help me to sustain then i would definitely continue on what im doing.

leoagro

full member

Activity: 180

Merit: 100

That's why I hodl bitcoin and some other coins on my ownr and trust wallets. Of course, I do trading every day. But hodl for me is like a way to earn my retirement.

Trinx01

member

Activity: 297

Merit: 40

Thats true, We have to hodl for life and not for a lifetime. If we are going to invest or hold bitcoin then we have to set a value of bitcoin before we pull it out so we could expect how much interest we could gain from that. Set the value in possibility, if you think that your profit is already enough for you to create a business and save money in the future then I think that is the right time to take all of your investment. We hodl for the future, to earn money and have a stable life and not to hold it forever. Remember that there is always a bad thing that could happen to everyone, we should be aware of that.

Matimtim

full member

Activity: 868

Merit: 108

Im absolutely agree with your topic title, yes we need to use our money in our life, because the reason why we all want to earn money is yo support our all needs, and family needs so if you're going to hold your bitcoin for life, what the use of it? Having more money without using it and enjoying it is nothing and that is silly.

We want to earn money in this owrld to enjoy the life of being human, not to hold that money for lifetime.

GideonGono

hero member

Activity: 2086

Merit: 501

★Bitvest.io★ Play Plinko or Invest!

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?

Yes it should be HODL for life not a lifetime,
We should sell it for our needs that is why I am investing and saving in Bitcoin to use it whenever I need it and to gain profit by holding my savings.

buwaytress

legendary

Activity: 2968

Merit: 3684

Join the world-leading crypto sportsbook NOW!

Quote from: veznata on March 01, 2021, 05:00:49 AM

in the past i made 2 mistakes - didn't sell at 2017 end and hold too much altcoins. now I am 100% in BTC. Also I will stick to my plan no matter wrong or right it will be. will sell all at 100K hoping to buy back later at 25-30K. we don't know what the future brings for us but have to stick to the most probable scenario. even if it is not the best decision sticking to a plan will not hurt that much in case you lose some money. by the way it seems climbing to new ATH may have started today.

If in your whole time in Bitcoin you've only made 2 mistakes, you're one of the really lucky few to have mistakes you can count on one hand.

Besides, your 2017 "mistake" is now worth 250% of what it was then, at the very least. Shall we now narrow down your mistakes to the sole one (holding altcoins?).

Mind you, all these "hope to buy back later" could be your biggest mistake. Aim for an exit regardless of market situation. That means two exits: take profit and stop loss.

romero121

legendary

Activity: 3234

Merit: 1214

Vave.com - Crypto Casino

Quote from: pinggoki on March 01, 2021, 07:56:53 AM

HODL bitcoin for life is just like holding bitcoin to have a better life not just hold bitcoin for lifetime. If you hold bitcoin for lifetime and treat it as a gold that every century the price is going to up in which it is because of the authenticity of the gold but bitcoin is not the same as we are thinking, bitcoin is very volatile in which it may go up or go down in just blink of an eye so what we need to do is to just hodl our coins and pull out when we feel that we get our profit already.

Yes, there is difference between gold and bitcoin. By the time we need to think about an that can change the life of our generation. With Bitcoin everything is upon trust, but at times the market volatility stands as a big question on lifetime holding. However as we leave behind our earnings for our generation, leaving bitcoin will also serve to be an investment. Maybe right now it doesn't look promising, but when things go mainstream the scenario differs.

Actis

newbie

Activity: 14

Merit: 0

I actually do much prefer trading than holding specially with some altcoins as its volatile, you earn from its volatility

Coinsfera

copper member

Activity: 238

Merit: 1

Buy Bitcoin in Dubai | Buy Bitcoin in Istanbul

Quote from: Janation on February 05, 2021, 09:29:13 PM

For life obviously.

I am not saving my cryptocurrencies for my family or my children since I have my job salary for that. I am saving cryptocurrencies because I want to and to be able to use them in the future. If I will be saving it for my lifetime, then I would be really uncertain since I never know the span of my lifetime, I will not be able to enjoy that profits, it is not worth it.

Yes, you are right. As more and more people see the foundations and returns of Bitcoin and especially, Blockchain technology, it will be used not only for investment but as the most convenient payment method in the near future.

pinggoki

sr. member

Activity: 1666

Merit: 426

HODL bitcoin for life is just like holding bitcoin to have a better life not just hold bitcoin for lifetime. If you hold bitcoin for lifetime and treat it as a gold that every century the price is going to up in which it is because of the authenticity of the gold but bitcoin is not the same as we are thinking, bitcoin is very volatile in which it may go up or go down in just blink of an eye so what we need to do is to just hodl our coins and pull out when we feel that we get our profit already.

veznata

jr. member

Activity: 80

Merit: 4

in the past i made 2 mistakes - didn't sell at 2017 end and hold too much altcoins. now I am 100% in BTC. Also I will stick to my plan no matter wrong or right it will be. will sell all at 100K hoping to buy back later at 25-30K. we don't know what the future brings for us but have to stick to the most probable scenario. even if it is not the best decision sticking to a plan will not hurt that much in case you lose some money. by the way it seems climbing to new ATH may have started today.

Topic: HODL ₿itcoin for Life, not for Lifetime. - page 2. (Read 1641 times)