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...