Topic: HODL...until when? - page 11. (Read 2149 times)

I think that we don't realize how powerful those who have bitcoins will be in 50, 60, 70 years from now... I'm really excited about the future!

It means you hold long term until whenever you want.

For me, I already retired in 2019 thanks to Bitcoin, and I will gradually sell bitcoin here and there to buy land and houses or other very big things. Probably move some into other asset classes as well just so I'm not 100% in crypto eventually, leave a bitcoin each to my nieces, probably cash out a couple eventually in order to take advantage of whatever opportunities come my way, I'll cash out a little bit at the beginning of next year so I have a plenty big emergency fund, probably use one to help out friends at different times, maybe i'll use one to donate to good causes at different times, maybe i'll use one to start a business or set up an organization at some point for something I dunno, I plan on taking some space trips when commercial space flights are available so I'll set aside a couple for going in to space and going to the moon and maybe even going to mars later in life if that's a viable option, and I'll still probably have at least a couple left when I die which hopefully I will have set up to give relatives ownership over. Basically I plan on gradually selling/using them over the next few decades for either huge purchases or moving into other asset classes or helping people, though mostly over the next decade or so, whenever I want to do something big money-wise, and I'll end up setting up my relatives with generational wealth as well.


HODL for however long you want.

Hodl until you need money or unless you're in profit. Most of the coins won't get pumped much do invest carefully and if you get in profits then start selling. You can buy back later as these coins were bound to fluctuate.

you can't hold your BTC forever so make a "price target".  Everyone's needs are different, some hold their BTC for their children, some hold it till BTC up to $100k....so decide when is the right time you will sell the BTC you hold.

That is up to each person to decide as the circumstances are going to be different for each person, if you are young then you could think of your bitcoin as an extra retirement account and if the amount of bitcoin you have is small then it could be a good idea to hold for decades.

I know this could seem to be too long but holding for that period of time could help you to make amazing profits, now if you have a lot of bitcoin then the time you need to hold gets shorter, also your age is another factor, if you are on the older side then it is impossible to hold for that long, this is why no one can really tell you for how long you should hold but at least you should do it until you are completely sure the price is never to go down below the point at which you bought.

Everyone has their own way of thinking, which is very different from others. But I like your thoughts. If we plan for the future from where we are now, we have the potential to do a lot better, because Bitcoin is giving us the opportunity to think more deeply. I always have a long-term plan with Bitcoin, and I think this is the best way to hodl bitcoin. Because those who become more attracted to the market and start trading with their bitcoins, they lose their bitcoins.

So there is no way to lose bitcoin if you make a long term hodl. This will allow you to leave those bitcoins for your children in the future. So those who think like you they enjoy long term good results in the future.

Are you Asian by any chance? Weird question, I know.

I've earned some coins here and there and I've also spent quite a big part of them. HODL? Sure! I'm even accumulating.
Clearly I can't use the money when I'm dead, hence:
1. I do spend some of my earnings. This way even if the levels from point 2 are not reached (during my life time), I will still not be angry.
2. I do plan to cash out some bigger chunks when the price reaches certain levels. What levels are OK for me doesn't matter for you, but for example one such level is around 1 million EURO.
3. I plan to get to the point that although I cashed out some, I'll also leave some for my retirement. I don't know if the amounts I have will cover all my plans, but .. at least I have plans  



Well, some may have sold at a loss, then bought back at even better price. In theory, at least, it is possible.
In reality, usually it's just bad decisions piling up, FOMO and panic making many people lose money.

When you see your profit was there, don't be dumb selling your Bitcoin under the price you've purchased it.

The word volatility makes Bitcoin price fluctuated and it will go up and later on it will down.  So, the word HODL here is the perfect and safe strategy for investing in Bitcoin because all you have to do is wait until your profit was there.  It could be your retirement plan when the price goes up because Bitcoin has a limited amount in the market and has a basic law upon moving the price, the demand, and supply.  This is the reason the price move in an unknown direction depends on these two options, the demand, and supply.

HODL, is an acronym that stand for “Hold".

HODL until the people who are telling you to HODL sell themselves so that you can sell your holdings for peanuts too. Remember those people telling you to buy the dips since 55k? Where are they now? They are the people telling you to HODL now. The only way to earn money in bitcoin is to think wisely. Either make systematic investment every month to average your holdings or wait for a good dip to buy a good position of 25% of your capital. Buying at every drop is sheer stupidity. Even if the price goes to 1 Million in future. Investing 1000$ at $50k would make you 20000$, while investing at $25k would make you 40000$. So don't do stupid HODLing. Buy at good points and set your time period of holding it.

Sky is the limit my man! What hodl means depend entirely on the perception of the person who is hodling! But in an easier sense, for the sake of you question, when you have already reached your set of goals be it small or big. Specially at times when you feel down or unmotivated to do anything. That is when you know that you need to reward yourself even if just a bit. It can also be called a savings plan, yes. But only to an extent since roi and capital itself can be lost depending on your timing and on the status of the market. Still, most people see bitcoin as a great savings option. Specially those who plan on holding for years.

I am so bullish on BTC, we can't imagine what it will be worth in the future. I want to leave some to my kids, so they could benefit from it. I will HODL until death I guess.

HODL as you like, most importantly when you make a sale in a profitable situation, we are all here to make a profit, so before making a profit, HODL is the most appropriate choice.
and it is not easy or fast to profit from bitcoins before the mentality and patience are ingrained and strong in you, and the profits will surely come if you are patient and do it for the long term because the bitcoin boom is not over yet.

Exactly.

I plan to be able to buy stuff with bitcoin.  I will save in fees, and it is possible to avoid somes taxes as well.

I was once able to rent a house for a month once using bitcoin, I was quite happy about it

I hope in future I can buy a new PS5 using bitcoin here in Brazil.

Recently I have sold a small amount of my "holding stash", before the recent crash (about 5%, but I wish I had sold more). My strategy is to sell a few % every month during a  bullrun.

There is no time line for hodl, anyone can decide to hodl as long as they want to take profit anytime they feel like, this depends on you and the target you want to see the price go to before you decide to sell or not, hodl you definitely not be forever, one must cash out at some point.

I don't agree with people who suggest holding on too long. I think it's better to sell it when it's profitable, that's a very good way in my opinion. there are many considerations and must be studied before investing in crypto including when we have to cutlose.

Literally this. Hodl until you can spend it or exchange it directly for what you want. Going back to fiat defeats the purpose of bitcoin. This whole "investor" and speculative phase is blurring the line on what bitcoin really is. Bitcoin is an alternative, better form of money! Use it as such.

It's your BTC you HODL as long as you want. I'm hodling since 2013 and never cashed out a satoshi. How long will I hodl? I don't know, will probably cash out 10-15% at a given time to enjoy the fruits of my labor, but I will never cash out all my BTC. I plan to leave some to my kids also.

Hodl until you feel like that's enough profit for you. Or perhaps you hodl'd until the adoption grew so much you could buy groceries with BTC. There's no specific definition for it, the time to stop hodl'ing is the time chosen through your own definition of the word.

Crap, you beat me to it.

Just to add: it's going to be different from person to person. If you're mainly just a trader/speculator, then just set a price point that you're happy with. On the other hand, if you're an enthusiast and you understand the problems with the current financial system, then you'd totally understand why we won't sell unless we really need to.