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Topic: HODL ₿itcoin for Life, not for Lifetime. - page 5. (Read 1641 times)

full member
Activity: 1358
Merit: 207
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November 18, 2020, 01:53:40 PM
#88
Since we switch to pandemic where many businesses collapsed and other cryptocurrencies reduce in price in the market that is making many crypto investors think that crypto will not rise before 2021.many crypto users are still holding their coins base on the deflation many of the users are experiencing in the market, since we enter pandemic which is is making bitcoin to increase . According to some researcher crypto is preparing to improve in rising like bitcoin, that will make many  investors still have hope with their coin they are holding for a long time.
sr. member
Activity: 1050
Merit: 286
November 18, 2020, 12:38:20 PM
#87
Yes.... i gree with you, and i am do it system like you since 2017.
So, i am HODL bitcoin or whatever coins since 2017. And if if there is a sudden need, I will withdraw the coins as needed.
And i am do it that system until now.

Do not forget to sell your bitcoin, especially at a price now, because the price can increase so high in a few weeks. Maybe you can make a target sell price and place your order sell at the exchange, so you won't miss the chance to sell the bitcoin. We never know when the bitcoin price will stay at the top price and down to the lower price. Finally, the price now is back to $18k, and we maybe see another highest price this week.
Everyone should be aware and updated on what is happening when they have holdings, because a bull run may happen any time and dumping also happens any time, we all know that because the nature of cryptocurrency is the changing of value as time passes by, the volatility that we say, it is passive. So the plan to hold it for a lifetime is not good, because as you can see as of now the price of bitcoin rises up and continuously rising up, this is the right time to sell you holdings but still, there is a possibility that it will continue to rise up, it's your choice by the way.
legendary
Activity: 2660
Merit: 1074
November 18, 2020, 10:38:27 AM
#86
It should be 'Hodl for life' and not for a lifetime Grin Cheesy. When I see people saying that they are going to hold for a lifetime I find it funny; and what I mean by finding it funny is that none of those people are practicing what they preach, they are just doing it to hype Bitcoin and convince others to keep holding when they are doing another thing.

I have also seen people that say they are going to hold their Bitcoin until it reaches $100,000. LOL that’s the real definition of greediness, seriously, these people are making it seem like they are die-hard, but they are just being greedy.

Bitcoin is good, but you should as well consider other things, when you invest and get money you should use the money to invest in other businesses and then if you get a lot of money from those, you can then invest back more in bitcoin.
full member
Activity: 896
Merit: 102
-= OI =-
November 18, 2020, 10:28:58 AM
#85
Yes.... i gree with you, and i am do it system like you since 2017.
So, i am HODL bitcoin or whatever coins since 2017. And if if there is a sudden need, I will withdraw the coins as needed.
And i am do it that system until now.

Do not forget to sell your bitcoin, especially at a price now, because the price can increase so high in a few weeks. Maybe you can make a target sell price and place your order sell at the exchange, so you won't miss the chance to sell the bitcoin. We never know when the bitcoin price will stay at the top price and down to the lower price. Finally, the price now is back to $18k, and we maybe see another highest price this week.

Hahahaa .... maybe not, I have a few other coins that I will be selling for now.
And I'm not going to sell bitcoins right now, because I have a prediction that the price will continue to go up ....
But, thanks for reminding me
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
November 18, 2020, 07:07:32 AM
#84
Yes.... i gree with you, and i am do it system like you since 2017.
So, i am HODL bitcoin or whatever coins since 2017. And if if there is a sudden need, I will withdraw the coins as needed.
And i am do it that system until now.

Do not forget to sell your bitcoin, especially at a price now, because the price can increase so high in a few weeks. Maybe you can make a target sell price and place your order sell at the exchange, so you won't miss the chance to sell the bitcoin. We never know when the bitcoin price will stay at the top price and down to the lower price. Finally, the price now is back to $18k, and we maybe see another highest price this week.
member
Activity: 462
Merit: 14
November 18, 2020, 04:57:49 AM
#83
I think it has a good implication of the title of the topic itself. Holding btc for a lifetime or for life. I guess it make sense and I get the idea too of btc until gets old and then passes it as a inheritance would be the most beautiful thing that could happen that could be receive by the next generation of the family. Who knows that bitcoin that time will be so much valuable from investing now @ 17K $ then after such long time like 20 years from now bitcoin will be worth 100k$.
legendary
Activity: 2310
Merit: 1422
November 18, 2020, 04:54:08 AM
#82
We are the small fish now, we cannot even expect and understand the magnitude of the next big bitcoin bull run. Big names and big guys are leading the show now. Holding the keys to our treasure becomes an everyday endeavor. Try to think about a strategy, stay humble and don't play with the professionals or you will get rekt.
legendary
Activity: 3374
Merit: 1922
Shuffle.com
November 18, 2020, 02:35:03 AM
#81
In my situation I would hodl (for life), like the others have said it doesn't hurt to sell them at a profit then go back after several months since we know the price won't always stay that high. Even if you miss the opportunity to get back in there's always an option to wait longer. For me it's always better to convert some profit since i've missed out on a good opportunity back then.
sr. member
Activity: 2436
Merit: 455
November 17, 2020, 09:50:47 PM
#80
Hodling your coins for lifetime doesn't make any sense at all. We earned those coins to be spend on something worthy of it, we just hodl it because we're not happy of its price and waiting for it to pump and sell it. We can't take our money with us when we die, it will remains in our cryptocurrency wallet and will be lost forever if will not be use. So why save crypto if you're not gonna use it.

While hodling your coins, it's important to check its updates because it might get burned or delisted in exchangers forever, if that happens, it's also like hodling your coins for lifetime.
full member
Activity: 1274
Merit: 104
HEX: Longer pays better
November 17, 2020, 09:28:43 PM
#79
To decide, you need to determine your investment term, long term or short term
both have their respective advantages and it also depends on how much free time you have
if you get money only from cryptocurrency you will definitely use short-term options and can simultaneously use long-term options to gain bigger profits
full member
Activity: 502
Merit: 100
TheFutbolCoin
November 17, 2020, 11:35:23 AM
#78
If in my opinion it depends on your needs, if the money you use to buy bitcoin is money that will meet your needs then don't HODL for life, sell if you are profitable.  different from the unused money you can HODL for life, just think of it as old age savings.
hero member
Activity: 1582
Merit: 523
November 17, 2020, 10:21:54 AM
#77
When I get Bitcoin from my work from this forum, I try to survive as long as possible to reach the target I want, but what happens I sell it for my living needs,
So all I do is hold back the necessities of life,
not hold back for a lifetime,
This is also good, sell it when you needed it the most especially to survive for our daily needs. The problem is some people do not know when to sell and don't have the target price in selling their asset. This happens in me way back when btc was in bull run before I wasn't able to sell that time because of the hopes to earn more profit. So hold bitcoin for life and set a goal on your asset on when to sell to earn profit, as greed may cause of losing money.
hero member
Activity: 1372
Merit: 564
November 17, 2020, 09:57:18 AM
#76
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?

HODLing should also depend on the situation of the user. Most users are only using this Cryptocurrency Industry as another source of income but for some, it is their job. HODLing for Lifetime is not logical since nobody got time to do everything till their old so it would be useful for them to get their money anytime they want to use it since values can either rise or drop.

Definitely hodling term of bitcoin or even litecoin of an investors and traders were depend upon the urgency of needs or situation of a user. Cryptocurrency has a lot of perspective use but as of the meantime this was being uses as a part time source of income of some of us here. Sometimes hodling were not advisable if the chance of trading in the market were absolutely good for trading. And also, personally i didn't hodl litecoin for long time, i would prefer bitcoin for a long term investment.
member
Activity: 518
Merit: 23
★Bitvest.io★ Play Plinko or Invest!
November 17, 2020, 09:28:55 AM
#75
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?

HODLing should also depend on the situation of the user. Most users are only using this Cryptocurrency Industry as another source of income but for some, it is their job. HODLing for Lifetime is not logical since nobody got time to do everything till their old so it would be useful for them to get their money anytime they want to use it since values can either rise or drop.
sr. member
Activity: 1274
Merit: 259
November 17, 2020, 09:11:04 AM
#74
When I get Bitcoin from my work from this forum, I try to survive as long as possible to reach the target I want, but what happens I sell it for my living needs,
So all I do is hold back the necessities of life,
not hold back for a lifetime,
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
November 17, 2020, 08:57:43 AM
#73
What is keeping Bitcoin for when we can sell them to reap the profits it brings? I believe that in any investment there must be profit and stop loss. In fact, we can take risks in life and we need to withdraw real-life investment money.

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.
full member
Activity: 640
Merit: 104
November 17, 2020, 08:37:29 AM
#72
in my opinion, HODL should be until the bitcoin price continues to rise and if there is a decline in bitcoin prices, we should immediately sell bitcoin for our needs in the real world. if HODL is for life, so when will we enjoy the results of investing in bitcoin, in my opinion it is the right time to enjoy the results of the bitcoin we have.
member
Activity: 1078
Merit: 21
COMBONetworkio
November 17, 2020, 07:24:08 AM
#71
What is keeping Bitcoin for when we can sell them to reap the profits it brings? I believe that in any investment there must be profit and stop loss. In fact, we can take risks in life and we need to withdraw real-life investment money.

each person has their own goals, if your goal is to invest in the long term,
then maybe bitcoin will be a lifetime for a person himself, because he believes in bitcoin for lifetime,
but if you look at Bitcoin just to look for luck I'm sure bitcoin will be for life,
sr. member
Activity: 1092
Merit: 254
November 17, 2020, 02:23:57 AM
#70
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?


Everyone chooses his own strategy and of course according to his requests to his life and his aims or desires. Someone needs money just right now and that is why yhey are in a hurry to get rapid income, someone wants to play for long and is waiting years in order to get more. But as the practice of the 2017 showed us, it is better to HODL for life, because in this case you have the chance to get good income for life in general and for everyday needs well. May be not at once, but after some time you will definitely appreciate it. Personally for me 2017 was a year of losses. Nowadays my thoughts about investing changed a lot after that.
full member
Activity: 504
Merit: 102
CLEARSIGHT- THE #1 BLOCKCHAIN JOB PLATFORM
November 17, 2020, 02:10:58 AM
#69
What is keeping Bitcoin for when we can sell them to reap the profits it brings? I believe that in any investment there must be profit and stop loss. In fact, we can take risks in life and we need to withdraw real-life investment money.
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