I really admire people capable of keeping bitcoins in their wallets for years without even moving them. I see wallets that their owners never moved coins from for 10 years and wonder how they do it. If you're a HODLer. when do you hope to sell? Would you cash out if Bitcoin soars to $100,000 or sit back and wait until it gets to a million?
ONLY for HODLers please. PLease share when you'll be happy to sell.
Personally, I admire those who have been buying and keeping Bitcoin for several years, but as we appreciate them, there are factors involved. The first is that these people might be rich and not depend on Bitcoin. Second, they might have different wallets that are full of Bitcoin, and thereby liquidate some and leave others. Third, some might have a good vision of Bitcoin and believe that leaving it will give them more money over time, and since they are financially dependent, they continue to leave it. Lastly, some of them are dead or do not have access to their coins again.
Regardless, I am in for the HODLing game, but in a grand style, and as an investment-inclined person, I will not fool myself, I would rather be smart to actualize my earnings effectively in Bitcoin. I have purchased my Bitcoin and have kept adding to it since last year, and the reason is because of the expected bull run that comes in the 4-year cycle. I will continue to do this till the middle of next year since I know that whatever Bitcoin is in price at that time, it may still double over time. Now, when it gets to 2025, I will be most observant but will still not liquidate my asset even if it is at a $250,000 price.
What I will be doing is to be more proactive on the higher charts reading. This is in particular when the monthly charts turn bearish, it might be the right time to liquidate most of it. At that time, I will liquidate 80% of my BTC and continue to hold 20% forever. I will however buy again when the bearish season is over.