Topic: HODL ₿itcoin for Life, not for Lifetime. - page 3. (Read 1641 times)
Well, we have different perspectives in terms of investment. Some of them or us would like to just invest a low market amount and wait for a long time and if they think they already made a profit they pulled it out without hesitation again the market is volatile anything can happen in just a single day or weeks. Few of us wants to hodl their coin because they trust those to earn more profit once they keep those coins this kind of people tests their selves on the things that happen on their investment. You can hold it for over a year we all know that every halving there is something that happens on the coin which is the pump for years and an accurate amount of earnings.
In my opinion, I’d HODL for life but not for a lifetime. I already put my mindset that whenever my holdings reach a certain goal I either decide to sell some of them or hodl again for like 4-5years and see where it goes from there. I even withdrew some of my holdings last 2017 because I needed to start a business and paid my daughters high school tuition too; so its a life to me not for lifetime.
Actually HODL for long run of bitcoin or indeed litecoin of an financial specialists and dealers were depend upon the direness of needs or circumstance of a client. Cryptocurrency contains a part of point of view utilize but as of the interim this was being employments as a portion time source of wage of a few of us here. Some of the time hodling were not prudent in case the chance of exchanging within the advertise were completely great for exchanging. Conjointly , actually i didn't hodl litecoin for long time, i would incline toward bitcoin for a long term venture.
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 $3K.
What's your opinion? Should we HODL for Life or for Lifetime?
Dear sir I have a practical expariance same to you i enter the market fast time this time BTC was 3200$.I have invest some money for hold BTC Long time but my close friend tell me give me your money i will do trade and give you some profit.I have no idea about BTC this time i have give my all of money that was price .50 BTC. After some day i feel need my money But my friend Betrayed faith with me.and loss my all of money.so i will give you suggest some cash and some investment can do every one if have any problem you can face the problem with your cash. 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?
It sounds easy and possible, but it's really hard in practice because all investors are in for long term investment but are looking for periodic returns instead. The value of bitcoin dropped so drastically, particularly during the last bear market, that users began to assume it would go to zero and we had so many negative bitcoin articles that made it really hard at that time to hold on bitcoin. Now people will not repeat the same mistake and kudos to those who, during the bearish market, managed to hold on to their investment.
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.
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.
I have thought with my bitcoin HODL for Life for the education of my youngest nephews.
Although if I decided to have my own business also HODL for Life bitcoin because I would be giving use cases to the coin.
your a verry good guy because you are not solely holding btc to earn a profit for your own good but you are also thinking of the future of your nephews . Although if I decided to have my own business also HODL for Life bitcoin because I would be giving use cases to the coin.
education is long especially if your nephews are still young therfor it needs a solid holding of bitcoins because you are aiming for a big profits to support your nephews education in the long run . its also nice that you want to use btc in your btc but what kind of business would that be ?
Most of us would probably hold bitcoin for a long time and probably a lot of users here would believe that the bitcoin market price will continue to pump in the coming years.
I mean it would still hurt when you sell your bitcoin early and then the price pump after 2-5 years it would still feel like you lose some profit, I think the best method is just to sell a small portion every time the price pump.
With that, you still have bitcoin in the coming years as an investment and you never know you could die and never spend your bitcoin may be for your family but treating yourself is still important.
surely that will happen because indeed bitcoin is a long-term investment, although lately it has also penetrated into a short-term investment. theoretically will hold bitcoin but we know that early last year the world was rocked by a pandemic, may no longer hold because it was released for other purposes.I mean it would still hurt when you sell your bitcoin early and then the price pump after 2-5 years it would still feel like you lose some profit, I think the best method is just to sell a small portion every time the price pump.
With that, you still have bitcoin in the coming years as an investment and you never know you could die and never spend your bitcoin may be for your family but treating yourself is still important.
yes, many are disappointed because they know that currently the price of bitcoin is very high and they sell when the price is still low, but as I said above, there is no choice because necessity is also very important during a pandemic. perhaps those who still hold onto those who are not in trouble.
what you are saying is a very wise solution, if you want to sell a little from when the price increases, and you can continue to hold bitcoin. Of course that is the correct theory if it can be applied if the pandemic did not strike last year.
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?
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 $3K.
What's your opinion? Should we HODL for Life or for Lifetime?
Most of us would probably hold bitcoin for a long time and probably a lot of users here would believe that the bitcoin market price will continue to pump in the coming years.
I mean it would still hurt when you sell your bitcoin early and then the price pump after 2-5 years it would still feel like you lose some profit, I think the best method is just to sell a small portion every time the price pump.
With that, you still have bitcoin in the coming years as an investment and you never know you could die and never spend your bitcoin may be for your family but treating yourself is still important.
You are saying right mate!. We should use bitcoin for trading. We must keep the bitcoin for a long term investment. But leaving it for life is the wrong way to go.
We should trade in bitcoin so that we can benefit and miners of bitcoin as well.
We should trade in bitcoin so that we can benefit and miners of bitcoin as well.
What do we hold for life? of course our goal is only to get money !! I think when there is an opportunity to sell bitcoin at a high price and buy at a low price. that's enough
I guess we only hold bitcoin as long as we earn decent money and sell it when the price is high which the opportunity of each and everyone here is waiting for. During the ATH last month, many investors and bitcoin users have sold their coins as it reached the 40k$ mark which is the most profitable. And, If I am right, many people are expecting for bitcoin to dump more for them to invest which the most common way, Buy LOW, Sell HIGH. As for answering the OP, I'd rather hold for life up until I earn my way to a decent passive earning business that will support my needs, future and some of my wants. But I'm not saying that I'm quitting on crypto especially at bitcoin rather I would still continue doing what I'm doing and only sell the amount that I need. Anyway, I still think the bitcoin is the future and leaving it will be my biggest regret if I ever do.
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?
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?
Thank you for sharing your experience mate and hopefully a lot who read your message will learn something from it.
I agree on what you said and also disagree at some points: Agree, to the fact that yes, when you are in the investment sector, always be futuristic and goal-oriented. Always account the idea of selling and not being greedy because this habit if not controlled will be your complete enemy & demise. In terms of being goal-oriented, don't focus on what price is it now, but focus on what your targets are that you invest in the first place. This will give you an idea and control not to be greedy that if ever you already hit your target, then stop. The fact that you saw the price continue go up and sold already and still enter the market (technically in FOMO), then you completely tag yourself as a greedy one.
Always put a money that you are willing to lose. In everything you do, there will always be risks.
What do we hold for life? of course our goal is only to get money !! I think when there is an opportunity to sell bitcoin at a high price and buy at a low price. that's enough
Hold for dear life not life time. Money is just for luxurious life. If we didn't got benefit from bitcoin question is for whom we are earning?
My holding bitcoin strategies is that i make an idea before buying and fix a price for withdraw. When butcoin price reaches i instantly withdraw it. I didn't care of of ita price will pump more.
This is why ?
Answer is i hold bitcoin for dear life not for lifetime
My holding bitcoin strategies is that i make an idea before buying and fix a price for withdraw. When butcoin price reaches i instantly withdraw it. I didn't care of of ita price will pump more.
This is why ?
Answer is i hold bitcoin for dear life not for lifetime
True. I would rather say HODL till you reach your goals. I have seen people who has been holding forever, not wanted to cash in their profit when they have already made enough. But when the price starts crashing, they start regretting. They miss their opportunity to sell high and then buy back when it is low. Though I wouldn't blame them. No one knows what is going to happen to the price next (hence setting a profit goal is the best thing to do!).
As I guess those who HODL for life are the ones who really don't care of the profits or don't need the money they have invested and can afford the loss if they face any.
That is what I do as per the advice of my friends who have been on the cryptocurrency scene since 2015, they knew better since they experienced the low price of bitcoin back then. The problem with those people is that, X amount of money is not enough for them so they want to go for more being trapped in the paradox of missing out on eventual increase in the prices when in reality those prices that they have been waiting for has been dangling on their faces all this time. As I guess those who HODL for life are the ones who really don't care of the profits or don't need the money they have invested and can afford the loss if they face any.
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.
Lol you should hold for dear life and not hold for a lifetime. If you’re going to be holding for a lifetime, then what’s the need it for it, unless you’re planning to pass it over to your next generation so that when you’re no more they will be the ones that will sell it and then use it to start up whatever business they want to?You made a really huge mistake, because selling your coins and using the money to start a real good business would have been a better choice to make. With the business you can make more money, grow your business and still have more money left to invest back in Bitcoin if you want.
True. I would rather say HODL till you reach your goals. I have seen people who has been holding forever, not wanted to cash in their profit when they have already made enough. But when the price starts crashing, they start regretting. They miss their opportunity to sell high and then buy back when it is low. Though I wouldn't blame them. No one knows what is going to happen to the price next (hence setting a profit goal is the best thing to do!).
As I guess those who HODL for life are the ones who really don't care of the profits or don't need the money they have invested and can afford the loss if they face any.
As I guess those who HODL for life are the ones who really don't care of the profits or don't need the money they have invested and can afford the loss if they face any.
I have thought with my bitcoin HODL for Life for the education of my youngest nephews.
Although if I decided to have my own business also HODL for Life bitcoin because I would be giving use cases to the coin.
Let's take as an example that there are of course many who decided to join bitcoin, Tahinis Restaurants in London Ontario Canada.
https://twitter.com/TheRealTahinis/status/1295770434349281281?s=19
Although if I decided to have my own business also HODL for Life bitcoin because I would be giving use cases to the coin.
Let's take as an example that there are of course many who decided to join bitcoin, Tahinis Restaurants in London Ontario Canada.
https://twitter.com/TheRealTahinis/status/1295770434349281281?s=19
You nailed but I don't literally take the word actually.
When you say HODL or hold for dear life, that doesn't mean you will really hold until you die, that's wrong, a person who have enjoyed his holding will eventually sell his bitcoin to gain profit from it, otherwise you'll not enjoy the value of your money.
When you say HODL or hold for dear life, that doesn't mean you will really hold until you die, that's wrong, a person who have enjoyed his holding will eventually sell his bitcoin to gain profit from it, otherwise you'll not enjoy the value of your money.
That's true. Unless Bitcoin is widely being used as a currency, there is no point in keeping it till the end of your life. At some point, you need to convert your non-liquid investments such as Bitcoin to liquid cash. And with a highly volatile asset such as Bitcoin, you need to be very careful when you intend to do profit booking. Selling your coins at the wrong point, or selling the wrong proportion can cause a lot of regret later.
That said, I have seen some posts here from users claiming that they will pass on the coins to their children. Nothing wrong with that. But even in that case, the cycle is not going to continue endlessly for ever. At some point the conversion to fiat cash would occur.
You nailed but I don't literally take the word actually.
When you say HODL or hold for dear life, that doesn't mean you will really hold until you die, that's wrong, a person who have enjoyed his holding will eventually sell his bitcoin to gain profit from it, otherwise you'll not enjoy the value of your money.
When you say HODL or hold for dear life, that doesn't mean you will really hold until you die, that's wrong, a person who have enjoyed his holding will eventually sell his bitcoin to gain profit from it, otherwise you'll not enjoy the value of your money.
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