HODL...until when? - page 7. | Bitcointalksearch.org

pixie85

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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?

Never. Why would I cash out?

I don't need to exit into fiat money if I have a currency that appreciates in value, can be held as long as I want without the risk of theft and can be spend in stores without me having to pay taxes.

I'll convert my coins into goods whenever I feel like it. I'm in profit more than 400% so I don't feel any pressure here.

Hamphser

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Quote from: Slow death on June 22, 2021, 03:26:01 PM

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I'll HODL until it hits 200k. I think it can get even higher so i'm not gonna withdraw all my BTC but most of it definitely.

I remember two years ago some people said: "I will hodl until the price reaches $50,000 and when the price reaches $50,000 I will sell..." I wonder if these people managed to sell when the price did it reach $50,000 or is it now that these people's goal has become to sell when the price reaches $500,000? people are greedy and of course they think the price will always go up to infinity, but that thought can be wrong, nothing guarantees that the price will reach $200,000 someday. nothing guarantees that the price will reach $500,000 one day

No one knows if those people did eventually sell off when that price target had reached out but same as you presumed that majority would really be that greedy and would changed up their minds and they will really be selling in 500k instead of 50k which it isnt a surprising behavior for a human being.

Such changes would really be common because we are naturally born greedy where we do ask or hope for more since we had seen that 50k was attainable then why wont go for higher level?

Honestly those are just missed chances and opportunities because we dont know on when it would comes next or to happen because opportunities like
that doesnt really come often.

Slow death

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Quote from: ?? on ??

I'll HODL until it hits 200k. I think it can get even higher so i'm not gonna withdraw all my BTC but most of it definitely.

I remember two years ago some people said: "I will hodl until the price reaches $50,000 and when the price reaches $50,000 I will sell..." I wonder if these people managed to sell when the price did it reach $50,000 or is it now that these people's goal has become to sell when the price reaches $500,000? people are greedy and of course they think the price will always go up to infinity, but that thought can be wrong, nothing guarantees that the price will reach $200,000 someday. nothing guarantees that the price will reach $500,000 one day

milewilda

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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?

Depends!
Each one of us does have that certain level of hodl thing in our mind neither a retirement or some would really be just intended to be saved up for their grandsons or their sons when they grow up or something that do connects out with the future.So its really hard to determine on when they would gonna sell out their coins as long they do saw the potential that it could rise in the future then for sure as long as they lived and do still have money on their pockets then they wouldnt intent to sell out those coins no matter what even though this market is way too unpredictable which cause up for some immediate sell and due to being emotional then decisions do change.

jasonjm

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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 this market correction will take some time. And the market will recover after few months or a year. People who bought bitcoin at a higher price have to hold it for a little longer to gain profit while on the other hand whales have bought back the bitcoins they sold around $60k. You can say it is a saving plan and you will have to wait a bit longer to cash out your profit but the ROI will be huge.

AakZaki

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Quote from: newwest on June 22, 2021, 12:50:36 PM

Have a short term strategy where you buy on dips and if it rises for some time or you reach your target can sell it. The market is volatile so a good time for intraday day traders to make money as well. But yes set your limits for small traders as it can just fall more so be ready to take that downside risk.

Like the current state of the market where the decline is very hard. The strategy really has to be used as much as possible in order to still get a profit. The short term is an option to save assets to keep them intact with little profit. The most important thing is not to be trapped in the market price which continues to fall as it is today. making use of every bounce would be great. Most importantly do not use all your capital.

newwest

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What is your hold target?. Hold until you feel it is profitable as you want. Whether you traders or holders we are here, the target is to make us profit. So hold your way to get well deserved rewards.

Have a short term strategy where you buy on dips and if it rises for some time or you reach your target can sell it. The market is volatile so a good time for intraday day traders to make money as well. But yes set your limits for small traders as it can just fall more so be ready to take that downside risk.

finaleshot2016

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HODL until you've met your crypto objectives. Of course, we all have crypto ambitions, and that is why we entered the crypto world, and I'm confident that the majority of us are doing so because of the profit we may get by investing in crypto.

So, if you want to quadruple your money by investing or trading in cryptocurrency, HODL until you get there because it's not always a win-win situation. If you truly want to be successful, you will have to confront some serious and difficult issues, so choose your ways wisely and brilliantly, and simply HODL until it returns or gives you a profit.

Alanaz

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everyone has a target to be achieved and surely everyone is different in their target. how long do you really want to be a handler? it actually comes back to yourself, because after we invest and continue to get profits, our only 2 choices are the first to take and finish being hodlers or still being hodl with the reason of wanting to increase profits.
but for me when it reaches the desired target why not finish and start anew. why do you still want hodl because the profit has been achieved

Alert31

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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?

Hold until you can gain huge profit. For bitcoin, if you buy now at below $30k, I think you can hold until it reach $45K or above or wait for the next ATH before selling. For me as long as I can get enough profit, I will sell my coins because I don't want to be greedy and turned my earnings to losses.

ivankoh

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Quote from: ?? on ??

What is your hold target?. Hold until you feel it is profitable as you want. Whether you traders or holders we are here, the target is to make us profit. So hold your way to get well deserved rewards.

I believe the holding trend this year is wise. Hold is smart, Hold has a goal, my target level 1 would be 72k - 100k$. This is a favorable framework for selling. For now, just hold. Can't panic, you've seen history in El Salvado, stay steadfast because bitcoin makes us better. There can be no imposition, no ambiguity to be a puppet forever. Hold to wins.

capcaypro

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Of course, if we look at it from a theoretical reference, everyone is free to hodling at any time because everyone has a different perspective and way of thinking. But the most important thing is that the one we own must have an advantage because now if we look at the person who is hosting it, there are two.
The first is people who are hodl because they want to invest in the long term so they are sure to be hodl until their plans are fulfilled, maybe until the desired target is achieved.
and the second is people who are hodl because they have already bought at the price above so they will be reluctant if they sell it now.
but for me hodl is depends how we want. if we have achieved what we are targeting, why do we still want hodl? just sell everything because the target you want to achieve has been achieved

CryptoStar19

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The ultimate HODLing would to be to accumulate until such time as you have significant enough holdings that you can borrow against for any money you might need... in that sense of HODL bitcoin becomes generational wealth that can be passed down and doesn't need to be sold any any point. But understandable this is not going to be the case with most investors.

jjdub7

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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?

You are right and I agree with your opinion. It's just that the meaning of the word HODL is different for everyone, because everyone has different needs and different investment plans. Sometimes life brings us surprises (pleasant or not) and then, for example, we need money, then it is good to know that we have some amount that we can take from some Bitcoin.

dimox

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Quote from: Vaculin on June 21, 2021, 05:49:59 PM

Quote from: dimox on June 21, 2021, 05:40:56 PM

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?

you can hold until the price really high. people have different thought about hold, but the point is they will save it coin when the price is too low.
simple trading is when you buy at low, and sell at high. bounty, will take in a current price, so they start holding coin until it price hit their what they want. and when the price no move, they will wait until a long long time.
and same situation for holder, the experience one will wait to get big profit.

I can recall my devastating experience last 2017 when the market hits for another Bullrun. I have some altcoins that have XXX value but to know what is in my mind? Just HOLD, HOLD...I was thinking that it rises more in the next few months and I was surprised that it dumps so bad and not coming back again. Did I get some profit? Nothing, it turns out a lesson for me, and that holding could sometimes lead to miss an opportunity.

It is somehow many misunderstood about holding and the always thinking that Holding could help them all the time which is not.

im not talking to all coin, like they will give you big profit after holding for a long time. but, some coin will give you big profit when you want to hold for a month, or years. and this cant apply for all coin, you need to know, do research where you place your fund.

imstillthebest

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cashing out small profit out of your hodlings isnt going to hurt but there are some that dont like to cash out small because they think this will distract them or they think that it makes their profit smaller .
preparing incase the worst happen to you is also a good idea . you can let your family know about the coins that you hodl .

Quote

when someone says "hodl"? Is it a savings plan? A retirement fund? What does it mean to hodl?

hodl can be applied on anything but since we are here in crypto ,
its the crypto that we are going to hodl

Kelvinid

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Quote from: ultrloa on June 21, 2021, 06:56:28 PM

Quote from: Genemind on June 21, 2021, 06:25:57 PM

snip...

This is a lot of stress gotten by the people who bough at the peak but there's no losing will happen if they didn't dump their bitcoin simce they can recover it again once bull run will occur on next following years although its really stressful to hodl since we don't know how far we can see the dip.

I do agree that we should invest what we can afford to lose and always look at our financial capabilities to know how much we invest and how much capital we can use for back up since doing cutloss is painful way to recover if something bad happen in the market.

I'm just a little worried about those who solely rely on their Bitcoin investment, and I don't think if they will still able to hold it or might have been selling it now. With the current situation, I can't tell if the majority are willing to hold or they are now started to think about the negative. I'd never seen a thread yet talking negative but for sure, negative speculation rises if Bitcoin will never recover.

So talking about HOLD, it definitely depends on what we think about the situation. This gonna be an individual discretion. Maybe I sell if I needed the money or for some other reason.

kotajikikox

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Until you can spend it without the need to so call "cash out".

When was that specifically mate because that is the question given by the OP. and besides HODL has limitation it can take years but we will surely sell at time.

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I'm gonna hold it until I'm a satisfied with the price.

yeah you must give specific amount when to sell even it this took you more long years like what i am doing now.

Quote from: jerry0 on June 21, 2021, 10:41:53 PM

Yea do most people have an amount where they say okay if it hits this much, i will sell half or all of it? Example someone with 5 btc. If say it hits 500k, then they sell everything or half of it and live off passive income?

it depend on our discretion about how much we wanted and no one can take that from us.

the rise

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usually people say "hodl" when their assets are down, as if they have surrendered to the current trading trend, and do not want to take a moment, and usually the word "hodl" is useless for greedy people, once their target is reached they want a bigger one, it will instead turn into a loss.

jerry0

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Yea do most people have an amount where they say okay if it hits this much, i will sell half or all of it? Example someone with 5 btc. If say it hits 500k, then they sell everything or half of it and live off passive income?

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