HODL...until when? - page 8. | Bitcointalksearch.org

ultrloa

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

For me it depends on your financial capability, what price you have bought orhow long are you really capable of holdong. It is easy to say to HODL on for dear life if you have bought at a good price. A few percentage drop is not substantial, but if you have bought at the peak price it will gove you a lot of pressure or stress. So buying out of FOMO will put you in a really critical condition. If you are financially capable holding even at the bear market is sustainable since you will still have capability to sustain your expenses. But if you have invested all you have, then it will pauh you to cut losses. That is why people say to invest only what you can afford to lose.

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.

fenican

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Bitcoin is an asset class, just like stocks and bonds. If your target allocation is 60% stock, 20% bonds, 20% cash (bitcoin) then you have your answer on when to sell and buy.

Genemind

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For me it depends on your financial capability, what price you have bought orhow long are you really capable of holdong. It is easy to say to HODL on for dear life if you have bought at a good price. A few percentage drop is not substantial, but if you have bought at the peak price it will gove you a lot of pressure or stress. So buying out of FOMO will put you in a really critical condition. If you are financially capable holding even at the bear market is sustainable since you will still have capability to sustain your expenses. But if you have invested all you have, then it will pauh you to cut losses. That is why people say to invest only what you can afford to lose.

DarkDays

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Quote from: TribalBob on June 21, 2021, 07:18:32 AM

When is that, when someone says "hodl"?
when the coins we hold experience an increase of 10 -20% from the initial purchase of the tokens we have and we want a 100% profit from the tokens ( meaning hold in my opinion )

Is it a savings plan?
Yes, for me, hold is my planned future savings, up to a maximum ATH of one coin that I have

That's one way to go forward. Of course, this plan will only really work if you have strong coins in your holding basket, and by that I mean BTC or even ETH. HODLing is a strategy many will take part in especially if BTC drops below 30K. So, plan well, and HODL long term guys, the time will come...

Vaculin

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Winding down.

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.

dimox

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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 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.

Yatsan

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I will hodl into my crypto coins and funds that are in crypto once the time comes that I am really in need of money whether on digital form or in cash because the real reason why I am holding is because I am wanting to earn profit so that I can be able to use such funds when I needed it the most. Since I can still manage to handle my stuffs as of the moment, then I will still not going to cash out my funds and will just keep on acquiring and holding until I can.

Japinat

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Think if you need to hold, otherwise, you have to sell it. If you are investing Bitcoin at a higher than $33k, holding is really what you need this time but if not, I don't think there is a reason you'll be doing this. Because holding doesn't give you a profit, you only just to save from losing much. Every investor had already known this for sure and I won't encourage people to do this if not needed. Just like you will hold because you want more, sometimes you have messed it up.

pawanjain

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Nothing lasts forever

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 is not a savings plan. HODL is an emtion.
Jokes apart, we HODL to gain huge profits over the long term. We do not sell until we see high returns on our investment.
Some HODL as long as they are in need to withdraw, some HODL until their long term targets are met and some HODL because it becomes a necessity.
Right now the market is in panic and instead of selling in a loss it's best to HODL. Forget your investments and stop seeing the prices for a few weeks or months.
I am myself in a loss and there's no other option than to HODL.

Sanugarid

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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, obviously the best time to sell all of your BTC or only a small portion of your asset is when you badly needed some money in case an emergency happened in your life. It's not about how long your patience is but about how badly you need it.

TribalBob

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When is that, when someone says "hodl"?
when the coins we hold experience an increase of 10 -20% from the initial purchase of the tokens we have and we want a 100% profit from the tokens ( meaning hold in my opinion )

Is it a savings plan?
Yes, for me, hold is my planned future savings, up to a maximum ATH of one coin that I have

karanggatak

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hold until your goal of profit is achieved, in trading or investing we must have a clear goal of getting profit at which level, otherwise we will forever be confused asking how long to hold and it will be a cycle forever if the market is bullish or bearish, if it is achieved it's better to take profit and get out of the market first then if the market is bearish please buy it.
investment should not be confused, we just need to learn how to maximize profits and minimize losses.

bryant.coleman

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Quote from: ?? on ??

If you think you have made a profit you can cash it out. This can't be called hold, for me hold it has a target, I personally do hold Btc for the next 5 years. And whatever happens in that year I will cash it, because that's the system I run. Or you can hold with the aim of getting a profit of 20 - 50%, if you don't get it you will still hold. It's simple and very easy to try.

Well.. some people have a target in terms of duration, such as they will hold for 3 years or 5 years. For most of the users however, the target is defined in fiat currency, such as $100,000 per coin or $250,000 per coin. In my case, it is the latter scenario. Both methods have their own advantage and therefore I don't want to degrade any of them. But one negative with the first method is that, since Bitcoin is so volatile, there is a chance that a correction phase may be ongoing at the time you want to sell your coins. So what you will do? Will you sell your coins, or will you change your target?

Blowon

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I think hodl only applies to investors who don't think about it, they buy and then forget about it where they can succeed. However, most people expect that some time targets have a big advantage. if that means trading, "hold" is a suitable word when the market trend rises. It's not what it is today.

ven7net

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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?

Holding your cryptocurrencies is necessary in order to wait for the best price and sell them, fixing your profit. There are people who simply by holding the cryptocurrency believe that they increase their wealth in this way. Indeed, over the years, many cryptocurrencies have shown excellent growth in their prices and those who held the crypto were able to make excellent profits. For me personally, it makes no difference how long I will hold my crypto assets, since I always take profits when I need money for my living.

Renampun

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Quote from: ?? on ??

If you think you have made a profit you can cash it out. This can't be called hold, for me hold it has a target, I personally do hold Btc for the next 5 years. And whatever happens in that year I will cash it, because that's the system I run. Or you can hold with the aim of getting a profit of 20 - 50%, if you don't get it you will still hold. It's simple and very easy to try.

this is the right action, hold but have a target price or time...

I myself set a target price for when I will sell the btc that I hold. even though at this time the fud that is happening is still big because of the latest news from Btc miners in china, I am very confident that Bitcoin will reach my target price.

goldade

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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?

This is one of the most important questions, if not the most important one concerning hodling a coin. I realise that if we keep on hodling, one day death's going to come and you won't be able to cash it out.
So my guiding principle is to hodl as long as I don't need the money. Once I need the money, I cash it out.
The second principle, which is especially important for altcoins, is to set a particular profit target. Once the price of the coin hits that mark, I take my profits.
So sometimes, I sell when I need money and other times, I take profits when it hits my target.

Fredomago

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Quote from: swiftbits on June 21, 2021, 03:32:06 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 depends, it could be an investment for the long term or emergency funds in the future, but I still consider it to circulate, bitcoin can be used in so many ways, the demands are high, people look for it. use it as an advantage and grow the money.

yeah right, people have thier own opinions about this matter, as an investors or traders you need to look into any perspectives that you have in mind.

Holding can always treat as financial investment if you are aiming for long-term, always rely with how good you understand what you are doing and the level of your skills in controlling your emotions.

In any events, you are the one who's going to decide whether it's good for you to sell or if there's any emergency that happened.

BlackHatCoiner

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Farewell, Leo

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

Those who advocate hodling, when do you cash out?

The real HODLers plan to never cash them out. It's very simple; if Bitcoin becomes globally adopted and you can buy anything with it, there is no reason to use the dollar and thus, there is no reason to sell your sats by the thinking of buying products. Others, plan to escape the Bitcoin anarchy in the late 20's by the thinking that it'll collapse. Who knows? It may just be a human experiment and the biggest bubble in the economic history.

Quote from: sheenshane on June 20, 2021, 12:24:00 PM

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

Isn't it for “Hold On for Dear Life”?

yohananaomi

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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?

maybe you can have different perceptions with people who want to keep holding it in order to achieve a renewable ATH price, after getting a new price start selling, if you believe it is different, of course, everyone has the right to decide.

Quote from: swiftbits on June 21, 2021, 03:32:06 AM

It depends, it could be an investment for the long term or emergency funds in the future, but I still consider it to circulate, bitcoin can be used in so many ways, the demands are high, people look for it. use it as an advantage and grow the money.

should think like you, the name of investing in bitcoin can be sure the price will increase when we hold on to investment, because bitcoin will always create a renewable price every 4 years (halving). if you want to do daily trading, it is also very good because the price goes down and up is quite attractive, but it must be someone who he patience who can do this.

Topic: HODL...until when? - page 8. (Read 2149 times)