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Topic: HODL ₿itcoin for Life, not for Lifetime. - page 9. (Read 1641 times)

legendary
Activity: 1596
Merit: 1034
November 14, 2020, 06:44:40 PM
#8
The market price is naturally volatile, thus, holding will give you nothing. Holding alone is not enough. If you are aiming for profit, you should know when to hold and when you will sell your holdings. Deep market analysis therefore is also needed. The market value will not continuously increase as months or years are passing by. There will be times wherein the market is low, which are also times wherein investing is a good thing. Also, not because the market price is continuously increasing, selling will be a bad thing to do. It does depend on your situation. It is advisable to hold but sell if you must, as simple as that.
You shhould do both hodling forever and do buying selling periodically.
To have a couple bitcoins that meant to not sell forever important to makes yourself feel better when the price up as when you hve nothing to hold , it will makes you in pain that the bitcoin price continue moving up but you cannot afford to buy it.
And on the other hand is placing your hand at the bottom to bag some cheaps bitcoin whenever there is a dump .
With this method you will never feel regret no matter the market get dumped or pumped.
It is a simple win win solution.
HODL for life!
sr. member
Activity: 2366
Merit: 332
November 14, 2020, 02:08:37 PM
#7

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?

You had a mistake you made why you should have sold in the last time high but because you wanted to hodl for life, then it dropped. When you calculate the down from ATH back to $3k , you can see that hodling for life is not a good business idea.
legendary
Activity: 1624
Merit: 1200
Gamble responsibly
November 14, 2020, 01:56:59 PM
#6
What's your opinion? Should we HODL for Life or for Lifetime?
I like this kind of question that deserves wonderful answers, I will prefer to hold bitcoin both for life and lifetime. About the shitcoins, you are very right, I have noticed many shitcoins too, even I was unable to gain from bitcoin cash and many like that this recent time, I was really pained I have my 50% investment on bitcoin while 50% for altcoins, if it was 100% bitcoin, I would have gained more. Like I was saying, I will like to hold bitcoin for life because over few years the price will pump, I will hold bitcoin for lifetime because bitcoin is a deflationary currency that my generations will benefit from.
hero member
Activity: 2184
Merit: 891
Leading Crypto Sports Betting and Casino Platform
November 14, 2020, 01:55:36 PM
#5
The market price is naturally volatile, thus, holding will give you nothing. Holding alone is not enough. If you are aiming for profit, you should know when to hold and when you will sell your holdings. Deep market analysis therefore is also needed. The market value will not continuously increase as months or years are passing by. There will be times wherein the market is low, which are also times wherein investing is a good thing. Also, not because the market price is continuously increasing, selling will be a bad thing to do. It does depend on your situation. It is advisable to hold but sell if you must, as simple as that.
hero member
Activity: 2590
Merit: 644
November 14, 2020, 01:44:59 PM
#4
~snip~
What's your opinion? Should we HODL for Life or for Lifetime?
^ No specific time upon HODLing, but you are definitely right. Dont be greedy if you are holding bitcoin, once your desired profit reached, you can sell half of the amount that you have held and wait when there is a correction happen to reinvest again. A basic rule in investing bitcoin, sell when the market price is high and buy when the market price is low. But if you are going to ask me, I split my investment into two, long term holding and short term holding. I still believed on the demand and supply of bitcoin. For sure in the future, there are massive holders than the sellers.
legendary
Activity: 2226
Merit: 6947
Currently not much available - see my websitelink
November 14, 2020, 01:36:33 PM
#3
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?
We should HODL but keep in mind it's also possible to increase our total amount of BTC. I'm definitely not a friend of trading but selling BTC once a few years when BTC hits a new ATH and buying it back for a lower price later should be considered. To make sure that we avoid losses I would only sell it, if I'm totally sure, it can be bought back for a lower price. Because selling BTC is actually betting against an increasing price (and that is very risky).

Afterwards, it's always easy to say "I shoud have sold some BTC when the price was extremely high" but it's very hard to predict when to sell. Maybe this site can help to find out when selling could be a good option:



Source: https://www.lookintobitcoin.com/charts/rhodl-ratio/

Of course, we won't get a guarantee if such stats are always right...
sr. member
Activity: 1246
Merit: 255
Leading Crypto Sports Betting & Casino Platform
November 14, 2020, 01:32:42 PM
#2
Myself too experienced similar situation with the previous bull market. Greed always accompanies human beings, same as that my life plan got as a result of greed. Myself kept a target ($25k) by which I can cashout. Once after touching $20k+ the price started to crash and I hoped for $25k with patience. Days have passed and still into hodl. So making right decision could make your life need fulfilled than hodling for lifetime.
legendary
Activity: 2408
Merit: 2226
Signature space for rent
November 14, 2020, 01:07:18 PM
#1
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?
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