HODL...until when? - page 12. | Bitcointalksearch.org

livingfree

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Quote from: 15days on June 20, 2021, 10:52:18 AM

Those who advocate hodling, when do you cash out?

"When the price is right".

Quote from: 15days on June 20, 2021, 10:52:18 AM

I mean, dying hodling is not the plan, is it? Eventually, you'd need to enjoy the fruits of your patience, right? When is that, when someone says "hodl"? Is it a savings plan? A retirement fund? What does it mean to hodl?

Yes, we're not planning to hold until we're dead. There's no essence of making some profit when we cannot spend anymore and the one that's going to spend it can no longer be found.

For some, it's a retirement plan and at the same time, it's a savings plan. You sell whenever you are confident with the price.

AGD

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Keeper of the Private Key

sapnu

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Hodl until you see the price you're waiting for or until you see the value increasing continuously. Waiting was never an easy thing to do, it requires a lot of courage and perseverance before you can accomplish and benefit from it. It is also a game full of risks since there will always be a possibility of having that one thing you're hodling for fail or keep on going down with no hopes of rising. Nevertheless, it is one of the most effective and important strategy in crypto and many people can prove how beneficial and effective it can once you get through it.

ChrisPop

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Not your Keys, Not your Bitcoins

I think the correct answer would be until you don't have a reason to anymore. This is subjective to each one opinion about Bitcoin and its prospects for the future.

What do HODL'ers actually do? - They are long on Bitcoin price. They think the price will, at some point in time, go higher.

What are the costs of HODLing? - Not being able to participate in other opportunities with the financial power locked up in Bitcoin, but then the question is - do you really want to "lock" your earned money in anything else than BTC? That's another question that each one of us need to answer in their own mind. Wink

masterrex

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Quote from: 15days on June 20, 2021, 10:52:18 AM

Those who advocate hodling, when do you cash out?

I mean, dying hodling is not the plan, is it? Eventually, you'd need to enjoy the fruits of your patience, right? When is that, when someone says "hodl"? Is it a savings plan? A retirement fund? What does it mean to hodl?

IMO, I think it depends on any personal timeline, but for me, I don't hold longer than what I've set upon in the very beginning, my reasons are mainly about the fund's availability because I'm not rich, and my funds are very scarce and limited that's why I can't afford my capital (funds) remain idle for a very long period. the longest period that I was holding is about a year or more during the 2018 crypto winter but it does not end well.

Raflesia

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_""""Duelbits""""_

How long do you plan to hold on for a long time? If we enjoy the process of holding from now on of course it will take a long time and will find the right results during this time and I am sure true hold will find and enjoy the results of this.

But I can't always say with retirement money or savings because this is still very difficult to predict and has not determined the big payoff or vice versa.
So for me when we hold and have determined exactly where the advantage is in sight, then I need to take it right now.

UserU

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For me, when I really need the funds. Which I don't at the moment.

Smart ones will take profits when they are ready to, and re-enter when there's a correction. While having some stash too.

15days

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Those who advocate hodling, when do you cash out?

I mean, dying hodling is not the plan, is it? Eventually, you'd need to enjoy the fruits of your patience, right? When is that, when someone says "hodl"? Is it a savings plan? A retirement fund? What does it mean to hodl?

Topic: HODL...until when? - page 12. (Read 2149 times)