HODL...until when? - page 9. | Bitcointalksearch.org

xSkylarx

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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?

Hodling can work both as savings and retirement.

If something happens and don't have enough money, you don't have to borrow money from someone or get a loan during emergencies. If you manage to not touch it until you are not able to work then it can become your retirement plan. If you're still financially stable after retirement, then you can decide if your children will inherit your crypto investment.

It is the same when buying a tangible asset like pieces of jewelry, you will only sell it when you need the money from that particular investment.

swiftbits

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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 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.

ShowOff

legendary

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

Until the time that you feel like selling your bitcoins and cryptocurrencies, you are the only one who can answer that question to be honest because other people won't be of no help with this one as each has their own take as to how long they are going hodl their cryptocurrencies.

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.

OP, you can buy bitcoin anytime and you can also sell them anytime if you need money at that time. If you want to make a profit then you have to sell it when the price is higher than when you bought it. Holding bitcoin in the long term is believed to be the most profitable way but if you are a trader then set a target price to sell it and enjoy profit when the price hits the target you set.

Kittygalore

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Until the time that you feel like selling your bitcoins and cryptocurrencies, you are the only one who can answer that question to be honest because other people won't be of no help with this one as each has their own take as to how long they are going hodl their cryptocurrencies.

AniviaBtc

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You can cash out depending on your sustainability, if you don't have enough money to spend and you are lacking of goods then you can cash out.

But a smart investor will surely work for his own resources and then separate the money for investment.

People are just holding because they don't need the money yet and they have other sources of funds to spend everyday.

Dadan

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Quote from: Gcrypto786 on June 21, 2021, 02:41:07 AM

holding is a risky option because not every time the market will pump as sometimes it tasks even years to pumped a coin and if you wait that much time then your money will be stuck.

I don't think holding is risky? It depends if you're in the short term or long term. As for a short time, it will not be profitable for sure as the market value right now is not very stable.
If you hold it for a longer time, there's a high chance that you can gain a profit from it as long as you wait for a good price to sell.

bryant.coleman

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It is almost impossible to find the perfect timing to sell your asset. The least risky method in my opinion is to go for systematic and gradual profit booking, by selling a fixed portion of your stash every month. I would recommend this, if you hold considerable amount of coins (>10 BTC). But in case you have only 1-2 BTC in your wallet, then this strategy doesn't make any sense (because the amount you will receive after selling the coins will be finished in a couple of years). You need to wait for some more time, and wait for the exchange rates to reach $100,000 or $250,000.

Gcrypto786

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holding is a risky option because not every time the market will pump as sometimes it tasks even years to pumped a coin and if you wait that much time then your money will be stuck.

Chato1977

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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 mostly give it 6 months to 1 year per holding season , but if there's nothing happen then i will extend my holding to another year i guess.

Quote

I mean, dying hodling is not the plan, is it?

If you will turn back time , those early adopter even hold their coins for 10 years or less right?

Quote

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?

depend on how you look at it, part of my holding are for retirement mate.

electronicash

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you can cash out any time you want but if you just sell when the price was still high, the time must be on your side. or you can hold until you need the money badly. that's now the ideal if you want to maximise your profit. just always think of the worse scenario every time there is a bull market. because it usually will happen, it's a cycle that the market reacts normally so sell whenever there is a price bubble.

ChrisPop

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Quote from: Rebdoomer on June 21, 2021, 12:32:49 AM

I would sell 10 years from now. Even 20 years from now or hold it forever to politically stand against the fiat, the bankers and the government.

There are better ways to protest against the current system. As individuals we seldom have the power to change major things in the society. We mould around the society, not the other way around. Small ripples create a bigger ripple and so on. Do not hodl for the sake of hodling - you will transform yourself in a martyr for nothing. Instead you should hodl Bitcoin if you believe the fundamentals are strong and the future perspectives are bright.

IMO setting time limits for keeping an investment is generally not a good idea.

isaac_clarke22

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Quote from: UserU on June 20, 2021, 10:55:40 AM

~

Same strategy there. Cheesy

I don't ever open my wallet whenever I am just chilling at the moment.
I would be just like hiding under my bunker with my Bitcoins and even if the bearish dip happens, I wouldn't care and still hodl.
I'll just sell when "lemons in life" arrives.

lienfaye

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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?

If you're happy with the result of your investment then its time to sell. Hodling doesnt necessarily mean you'll never sell, thats why we have different goal and different set price on when to let go.

In the process of holding, taking profit at times is needed to enjoy your investment. Thus even the price suddenly decreased its not going to be a big deal since you already enjoy some of it while waiting for your set price to finally sell.

Thus the answer for this question depends on how we see bitcoin, what's our goal, and our plan in the future.

davis196

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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?

Everything is just 'buy low,sell high'.If the price of Bitcoin falls under the level,in which you bought BTC,then you don't sell at a loss,you just HODL.
If the price of Bitcoin is higher than the price,in which you bought BTC,you can sell it if you want to or you can HODL,if you are a "to the moon" BTC maximalist and you believe in the 100-200K price predictions(or you are just greedy),then you will most likely HODL.
Bitcoin is NOT a savings plan or a retirement fund.Bitcoin is more like playing poker-you choose when to go all in,when to play and when to leave the table with your profits.

TopTort777

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I will be holding until I’m not started to run out of fiat money. Or I will trade part of my holding, when I want to feel the joy that I’m paying not with fiat, but getting something for free (meaning I will pay with profit, gained from holding).
But a lot depends from what type of holder you are. I’m holding my signature bounty rewards, plus something from launchpool or crypto from other projects. If I were a trader, I would not become a life time holder. Instead I would reinvest from time to time.

jems

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Hodl will hold out until someone has had enough to enjoy the results. There was even a holder who gave up because he was panicking because of the falling market price and that was what made him get out of line, called the holder. Maybe for people who say hold, it is also a strategy to increase market prices and stem declines.

yazher

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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?

Just like your normal decisions in life, holding your coins is your own personal decision. whether you wanted to hold the coins for too long or only for a period of months like many people do. don't get your decision on others because it's your wealth after all and all we can give you is a bit of mere advice. Therefore, you need to check the market whenever there's some bad news about crypto because the price seems to get affected whenever that happens and your hodl will be in jeopardy as well. It's best for you to hodl for a period of months if you don't have enough patience to do the long run or whenever you feel to sell your coins it's up to you anyway.

Rebdoomer

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I would sell 10 years from now. Even 20 years from now or hold it forever to politically stand against the fiat, the bankers and the government.

Sithara007

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HODL doesn't mean that you need to hold 100% of your coins for the next 20 years. In my case, I made my first investment in 2014. I still hold around 50% of my original coins from that time. But during 2015-21, I have sold a large part of my stash, and at the same time I have earned a few coins through signature campaigns and airdrops. Depending on your risk appetite and financial condition, you can also decide for how long you want to hold and how many of your coins can be earmarked for profit booking. I never recommend anyone selling all of their coins at once.

LUCKMCFLY

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Quote from: KaliLinux on June 20, 2021, 10:16:10 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?

For me, it mostly depends on when I got into the market. I will definitely Hodl if I had bought somewhere at the top regardless of what was going on but if I had entered the market from when it was really low, I know I would take some profits during a big correction like we had and plan a re-entry at some point when the price is low. I don't think HODL means for eternity.

OP may have an Investor-style thinking, and investors always wait 8 to 10 years to see their profits, of course this taking it from the point of view of investors like Warren Buffet, who are people who have experience in the Stock Market. , what I can induce is that in the Crypto market the investment gains usually last 3-4 years if you buy at the Bitcoin Accumulation stage. This is only true if and only if they buy in the accumulation stage because the first accumulation stage happened from 2014 to 2017 and the other stage from 2018 to 2021 and there is still a way to go, because what we are currently experiencing at my criteria is a bullish trend stage with a strong correction.

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