HODL...until when? - page 4. | Bitcointalksearch.org

zanezane

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Quote from: verita1 on July 03, 2021, 08:56:31 AM

Hodl will depend until you decide. Everyone has a purpose with their bitcoin for my part I have proposed to use it to pay for the University of my underage nephew and niece.
I also do it as an experiment taking into account that I live in a country with hyperinflation and economic conditions that can influence the process of hodl my bitcoin.
I am not anxious to press the button, I am only interested in knowing how this new stage of bitcoin develops.

Exactly, you will know it when the time to stop hodling and start selling, you have a pretty good place to live knowing that you can survive since you are hedged against inflation.

Tahsin Kabir Kollol

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In fact, it is difficult to say for sure that the market price will go down again after reaching any height. So how long to hold is entirely up to the investor. Every investor has a certain profit expectation and knowledge and skills exist in market analysis. So everyone can hold on to the expected profit and give up when the desired profit is achieved. On the other hand, by using the skills acquired through market analysis, it can be released by observing the market situation, retaining resources, and maximizing profits.

verita1

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Hodl will depend until you decide. Everyone has a purpose with their bitcoin for my part I have proposed to use it to pay for the University of my underage nephew and niece.
I also do it as an experiment taking into account that I live in a country with hyperinflation and economic conditions that can influence the process of hodl my bitcoin.
I am not anxious to press the button, I am only interested in knowing how this new stage of bitcoin develops.

pinggoki

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

Those who advocate hodling, when do you cash out?

Of course, you will just hold until the price went goes up and study the market movement so that you will be able to know if the investment that you've made was good or not. Doing your own research on the movement of the market will really give you a huge help because at that time you will know when it will dump. A real investor knows when to sell and when to hold their assets and another thing is that always remember that don't be greedy because there are a lot of persons who are getting greedy over and over and ending up losing their whole assets.

Mistafreeze

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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?

When you are holding, you need to put all strategies in order to know the best time to sell, not just holding consecutively, blindly without knowing what is happening in the market. As an investor, news is very important which is one of the factors that influence the price of a coin.

You can keep holding a coin seeing it falling but still not bordered because you know your plans, knowing when to take your profits from the market without being dumped. Many newbie investors always ask this question of when to sell their coins, maybe because they've not really gained the insight of how price react with time. My advice is, once you've make some gains in a coin, sell if price keep dropping cause the market will always do what it wants.

DarkDays

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Quote from: Oasisman on June 29, 2021, 03:28:24 AM

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?

It is something that a Bitcoin believer would only understand.
Those who wants to make rich overnight would never understand the essence of hodling.
If you understand how the market works, you'll probably have a specific target/figure in your mind on when will be the perfect time to cash out.
As you witness, Bitcoin has been rapidly increasing more each and every year passed. Do you think Bitcoin would stop at this current market situation when every institutions, retail investors are starting to get interested in crypto?
If you know the answer, then you'll probably come up to a figure in mind.

Well put. Holding is different for everyone as each of us have different numbers in their mind. Those who successfully HODL will be the ones that will benefit from market bulls in months or years to come. It is imperative to know the market really well in order for you not to get shaken by small volatility.

Alisha-k

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

Those who advocate hodling, when do you cash out?

Every investor should have a profit target and also have the dicipline to take profit once the target has been met. Most times greed comes in even after having your expected target most investors still refuse taking profit and end-up whaling in the dip. Take profit and re-invest but don't forget to spend some on your self so you can actually feel the taste if your patience

Kittygalore

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Quote from: ShowOff on June 21, 2021, 03:22:07 AM

Quote from: Kittygalore on June 21, 2021, 03:10:18 AM

~

I believe this thread has nothing to do with any other cryptocurrency besides bitcoin. So I hope you really understand that what is being discussed is about bitcoin and nothing else.

Have you heard of generalization? I mean, hodling almost applies to any cryptocurrencies and not just bitcoin. I do understand the question, and I am not responsible if you don't understand that I was generalizing.

Faysal Fahad

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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?

Well; everyone has their own story! Personally, I know the real value of BTC, that’s why I have no plan to sell my holding BTC so cheaply.
But you know; now we are in corona pandemic situation. So, everything is unstable now!
Such as, I sold my (full bag) 0.67BTC in the Q1 of 2020 and I have no regret! Because, I needed that amount badly, afterward I buy back in Q4 of 2020.

awik p

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Quote from: Slow death on July 02, 2021, 05:03:53 PM

Quote from: blockman on July 02, 2021, 04:34:01 PM

Quote from: Japinat on July 02, 2021, 04:21:24 PM

That's the simple meaning of HODL, it's mostly based on the target price, not the target date.

Target price it is. If you have set a target date, you'll never know how much it is going to be and if the price seems to be low and you've set the date to sell, you probably won't continue to sell on that date. Hodl until you meet the price not the date and there are other people who are saying that it's better to hold and you don't have to sell it. But the main essence of holding is we're trying to reach the highest price as much as possible.

most people I see talking about hold have no target selling price. Is as if they were doing hodl until they died without spending any satoshi, I don't understand this way of thinking because in principle bitcoin is equal to money so it's something to be used and not to be kept forever, it's true that the value of bitcoin increases when there's a lot of demand, but that doesn't mean people should hodl forever. in my case I use bitcoin whenever I need

right, the absence of a selling target means that they seem to have no direction, I agree with what you do to sell them when needed. but it will be luckier if we sell it when we are at the peak, so the money we get will be more, and when bitcoin goes down like this we start to buy it, because in my country I can't buy anything with bitcoin, so it must be made into fiat first

Slow death

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Quote from: blockman on July 02, 2021, 04:34:01 PM

Quote from: Japinat on July 02, 2021, 04:21:24 PM

That's the simple meaning of HODL, it's mostly based on the target price, not the target date.

Target price it is. If you have set a target date, you'll never know how much it is going to be and if the price seems to be low and you've set the date to sell, you probably won't continue to sell on that date. Hodl until you meet the price not the date and there are other people who are saying that it's better to hold and you don't have to sell it. But the main essence of holding is we're trying to reach the highest price as much as possible.

most people I see talking about hold have no target selling price. Is as if they were doing hodl until they died without spending any satoshi, I don't understand this way of thinking because in principle bitcoin is equal to money so it's something to be used and not to be kept forever, it's true that the value of bitcoin increases when there's a lot of demand, but that doesn't mean people should hodl forever. in my case I use bitcoin whenever I need

blockman

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Quote from: Japinat on July 02, 2021, 04:21:24 PM

That's the simple meaning of HODL, it's mostly based on the target price, not the target date.

Target price it is. If you have set a target date, you'll never know how much it is going to be and if the price seems to be low and you've set the date to sell, you probably won't continue to sell on that date. Hodl until you meet the price not the date and there are other people who are saying that it's better to hold and you don't have to sell it. But the main essence of holding is we're trying to reach the highest price as much as possible.

Japinat

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Quote from: BigBos on June 29, 2021, 06:10:38 AM

hold the coin until you feel you have benefited from it, or when the price is high. I've done it until recently, but I also sometimes don't sell the coins I own when the price is high. well, that's probably hoping for a higher price. however, hold on until you reach your goal.

That's the simple meaning of HODL, it's mostly based on the target price, not the target date.

If you are holding a good coin with good potential, then you should not worry about holding it even in long term, just like bitcoin and some altcoins that have grown 100 times, if you were able to hold until you see that increase, you are definitely in a big profit already.

Nrcewker

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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?

Hodl basically means setting up a certain target according to me.
You got calls from some source that this particular coin will increase very soon upto a certain limit.
So you buy that coin and set a target upto that mark. This is basically a pure example of Hodling.
If you have the guts then only invest and hold for long term.
Once the target is being reached, cash out and get the quick cash.
As easy as that.

AicecreaME

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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?

I think it really depends on someone's timetable and plans in life. Personally, I plan to hodl until the time I need funds. If ever bitcoin's value will sky rocket, I will withdraw some of my holdings and build a business that will generate additional income. If it goes well, my extra money from the profit will be returned back in bitcoin to give back the funds I have withdrawn.

Long-term investment is what makes me hodl in cryptocurrency. I like crypto as a form of investment vehicle compared to its 'competitors' because it is a lot safer medium when it comes to deflation. Although I always recommend diversifying of funds because i believe it's always the wisest thing to do - not putting all your eggs in one basket. However, to each his own. We have different priorities in life after all.

BigBos

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hold the coin until you feel you have benefited from it, or when the price is high. I've done it until recently, but I also sometimes don't sell the coins I own when the price is high. well, that's probably hoping for a higher price. however, hold on until you reach your goal.

Obito

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Quote from: Chato1977 on June 28, 2021, 07:03:38 AM

Quote from: Obito on June 28, 2021, 06:46:25 AM

~snip

Wrong , you can put a desired profit but you must allocate enough time , i mean there is no specific time when this will happen.
I had been there before so i know when to say i want this or i want that.

I think putting a desired profit sometimes end up with you getting or doing something unexpected. Also, what you are saying is only applicable to the one that had been heres before as you've said, what about the newbie, their desired profit sometimes cause them to panic especially when the prices go down.

Oasisman

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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?

It is something that a Bitcoin believer would only understand.
Those who wants to make rich overnight would never understand the essence of hodling.
If you understand how the market works, you'll probably have a specific target/figure in your mind on when will be the perfect time to cash out.
As you witness, Bitcoin has been rapidly increasing more each and every year passed. Do you think Bitcoin would stop at this current market situation when every institutions, retail investors are starting to get interested in crypto?
If you know the answer, then you'll probably come up to a figure in mind.

ali1177

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that's a great question until how long we should HOLD. well the answer would be different for everyone. My strategy is that whatever the coin we have invested we should put the sell order so whenever the price will reach at that level our order will automatically be executed.

wahyu wida

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At least if you say hold, it is certainly part of the investment, which uses cold money, which does not interfere with the necessities of life. and this is done there is no definite time, until we get the results. On the other hand, psychology must be strong in facing risks in the future

Topic: HODL...until when? - page 4. (Read 2168 times)