Topic: Shall We Hold Our Bitcoin Like Gollum? - page 4. (Read 617 times)
For me, it's better if we were to utilize a way to move your bitcoin as an investment instead of just hodling them which doesn't grow in number but still the safest bet. There are ways to invest your bitcoin with bankroll investing as one of them that makes a decent profit although there are days where there are losses but in the long-term, the house always wins.
holding bitcoin is the right choice especially if we hold it for a very long time we will definitely get very big profits. I used to sell my bitcoins because of an urgent need but I didn't sell all the bitcoins I had. I still hold bitcoin and I will hold it until 2025 in order to get a bigger profit.
If you want to make a profit, it is better to hold Bitcoin, because the price of Bitcoin continues to rise, making Bitcoin demand also increase. The longer
we hold Bitcoin, the bigger the profit we should make. But we in holding Bitcoin must be flexible, meaning that if there is an urgent and important need,
it is not wrong to sell the Bitcoins that we have. And also let not greed dominate us, if the price of Bitcoin has gone up and the profit generated is
quite large, we must take profit. Don't put off selling Bitcoin for the reason that we want to make a much bigger profit. It just makes the opportunity
to make a profit lost.
As you can remember, the ring caused Smeagol to get worse and worse every day and he turned into a creature named Gollum.
It's true, he got worse day by day because he had a greedy obssession for the One Ring that eventually made him completely change his lifestyle, going away from his traditional routine to live exclusively to worship the ring in dark places. For that reason I think we shouldn't hold our Bitcoin like Sméagol, as we know what happens if we do and I believe no one would want to be on his shoes.It's important to always have in mind money or bitcoin is here to serve us and not the opposite. If adopters are able to keep a healthy relationship with their holdings and avoid repeating the example of Gollum they will thrive in their personal finances.
As you can remember, the ring caused Smeagol to get worse and worse every day and he turned into a creature named Gollum. So when it comes to Bitcoin, of course we will sell at least some of our coins at some point. The main logic of HODLing is to sell after keeping your coins for a long term. Maybe you can set a price goal earlier and sell when it is reached. Or you can hold your coins for some years and then sell them when you make a high profit.
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Many of us are hoarding more Bitcoins over time. That is also the reason why Bitcoin dropped sharply on exchanges
transactions in the past few years.
transactions in the past few years.
This is one of the reasons.Many people got disappointed by the crypto exchange platforms,due to hacks,exit scams and high fees,so they left those platforms.
You don't need a crypto exchange platform,in order to keep your Bitcoins safe.I cold wallet is enough.
I used to be a fanatic HODLer before,but I realized that HODLing BTC just for the sake HODLing is pointless.
It's OK to sell a part of your BTC,when the market is heading towards a bear phase.
The centralized Crypto exchanges having less Bitcoins is actually a good thing.
Yeah, it found irrelevant thinking about to hold forever. I didn't found a good reason for that, well, many holders got rewarded this year but if they will never sell them, that is still nothing. If ever I hold it now, that probably someday I sold it. It comes to a real investing thing and to buy and sell is somewhat it really happens to me.
Some people would say that they will use Bitcoin as a currency, but from a perspective of Bitcoin as an appreciating asset, both selling or buying something is the same - you are liquidating it.
Everyone will do it sooner or later, unless they will die unexpectedly or will want to pass some coins to their heirs.
I personally have some goals of things I want to buy with my Bitcoin gains, but I also plan to hodl some for a long time as an life-long fund.
Everyone will do it sooner or later, unless they will die unexpectedly or will want to pass some coins to their heirs.
I personally have some goals of things I want to buy with my Bitcoin gains, but I also plan to hodl some for a long time as an life-long fund.
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Many of us are hoarding more Bitcoins over time. That is also the reason why Bitcoin dropped sharply on exchanges
transactions in the past few years.
transactions in the past few years.
This is one of the reasons.Many people got disappointed by the crypto exchange platforms,due to hacks,exit scams and high fees,so they left those platforms.
You don't need a crypto exchange platform,in order to keep your Bitcoins safe.I cold wallet is enough.
I used to be a fanatic HODLer before,but I realized that HODLing BTC just for the sake HODLing is pointless.
It's OK to sell a part of your BTC,when the market is heading towards a bear phase.
The centralized Crypto exchanges having less Bitcoins is actually a good thing.
- Is holding btc too long (HODL) a significant achievement?
You are similar to the guy above. A person who takes advantage of an opportunity to trade. I understand the feeling of taking money out of an investment and enjoying the profits. It's sweet and comforting. I know people who have thousands of Bitcoins. He lives a simple life, doesn't drink, doesn't smoke, has no romantic relationships with women, and lives on a monthly minimum of about $300. I really admire his mindset and regret the pleasures he doesn't enjoy.
- What does it mean that the price of bitcoin has reached 100k or 1m, while your expectations are not limited to those prices?
- What advantages of bitcoin do you feel so far when you never spend any or use it?
For many people, transaction costs are greater than cryptocurrencies that hold them back. They will convert to other altcoins and pay to reduce costs. That's pretty cool too. Sometimes a little transaction fee but doing it many times is enough to erode our wallet.[/list][/list][/list]
Will we sell out of Bitcoin one day?
Not all are holding anyway as that was their choice nor I should have to hold forever but something to enjoy while I could still use it to buy stuff.
Maybe you are right that if everyone will hold it makes the price of Bitcoin dump but this had never happened in real life because not all are holding. Buying and selling is the nature of this market, might these people buy now and possibly sell it by tomorrow, that can be happening depending on their decision and the reason why they are here in crypto.
Bitcoin is interesting because it is both a currency and can be an investment. I really like the way you act. If we considered Bitcoin as a commodity like any other, we would be mere profit seekers.
As long as I'm involved with bitcoin, I just want to enjoy the beauty and comfort of life as long as I'm involved with bitcoin while I still have it.
I mean I always take advantage of bitcoin's rise when it hits highs to sell some of the profits to buy or manifest what I want and facilitate the life I really need so I can have it, and most likely if I wasn't involved with bitcoin I wouldn't be can make it happen.
So I don't fully hold my holdings for long term because I want to really enjoy and feel the benefits for my happy life with my family it's all because of bitcoin.
I mean I always take advantage of bitcoin's rise when it hits highs to sell some of the profits to buy or manifest what I want and facilitate the life I really need so I can have it, and most likely if I wasn't involved with bitcoin I wouldn't be can make it happen.
So I don't fully hold my holdings for long term because I want to really enjoy and feel the benefits for my happy life with my family it's all because of bitcoin.
You are similar to the guy above. A person who takes advantage of an opportunity to trade. I understand the feeling of taking money out of an investment and enjoying the profits. It's sweet and comforting. I know people who have thousands of Bitcoins. He lives a simple life, doesn't drink, doesn't smoke, has no romantic relationships with women, and lives on a monthly minimum of about $300. I really admire his mindset and regret the pleasures he doesn't enjoy.
Bitcoin bullishness is in vogue and the momentum of the bitcoin market going to be what people hoard the most in the future. Companies are buying Bitcoin, even El Salvador has bought itself hundreds of Bitcoins.
Haha, maybe we're Gollum right now or Thorin drowning in a treasure trove of gold. I think they just hold their Bitcoins during an uptrend. They will have to sell off Bitcoin to buy it back at a lower price. I like this trading idea more than trying to hold Bitcoin for years.
Haha, maybe we're Gollum right now or Thorin drowning in a treasure trove of gold. I think they just hold their Bitcoins during an uptrend. They will have to sell off Bitcoin to buy it back at a lower price. I like this trading idea more than trying to hold Bitcoin for years.
That will be up to you because everyone who owns bitcoin will have their own plan about what they want to do with their bitcoin one day. If they think that selling their bitcoin can give them money to survive, they will do that. Otherwise, they will sell it for a long time or if they do not see bitcoin is not reach its target price. But I will sell bitcoin whenever it reaches my target price and try to buy back at a lower price if I can.
And it's also a good thing that besides being up to you, you also should consider the climate of the market, if it's making a really good price, you might want to sell your bitcoin but always leave something behind so in case that it goes up again, you will still take some profit. 
Obviously it’s nice to take some profits at times. I’ve been HODLING since 2014 & sold hardly anything. I will make bigger sells in Q4 though as I expect more ath’s towards the end of 2021. Never sell your whole stash though, bitcoin is going to gain more & more mainstream adoption as the years pass. We will probably see $1,000,000 per coin in the next 20 years.
Have you been holding since 2014? even if you sell now you already get a big profit. but you decide to hold. I am surprised by your decision. I'm sure you have done an analysis of bitcoin so you dare to accept the risk by holding bitcoin since 2014. This will make you get a lot of profit if you sell it. congrats bro, you will be rich 
That will be up to you because everyone who owns bitcoin will have their own plan about what they want to do with their bitcoin one day. If they think that selling their bitcoin can give them money to survive, they will do that. Otherwise, they will sell it for a long time or if they do not see bitcoin is not reach its target price. But I will sell bitcoin whenever it reaches my target price and try to buy back at a lower price if I can.
Many of us hoard more Bitcoins over time.
hoarding here in the sense that we invest so if we are able to buy as many bitcoins do it and we have confidence that we will benefit from our investment
Will we sell Bitcoin one day?
yes, we will sell our bitcoins someday, usually the main reason for selling bitcoins is that we need money suddenly and only bitcoins can we quickly turn into money at this time,
hoarding here in the sense that we invest so if we are able to buy as many bitcoins do it and we have confidence that we will benefit from our investment
Will we sell Bitcoin one day?
yes, we will sell our bitcoins someday, usually the main reason for selling bitcoins is that we need money suddenly and only bitcoins can we quickly turn into money at this time,
The Op has a point, we won't live forever and no one knows what the future holds for us or whenever we are going to die, so what is the point of holding bitcoin for a long time if you are not going to reap the rewards of doing so, you should always try to enjoy life while you can and take some of the profit that you make from holding on to bitcoin for years and take your family on a nice vacation or buy that car you always wanted because nothing lasts forever even bitcoin.
Will we sell out of Bitcoin one day?
Not all are holding anyway as that was their choice nor I should have to hold forever but something to enjoy while I could still use it to buy stuff.
Maybe you are right that if everyone will hold it makes the price of Bitcoin dump but this had never happened in real life because not all are holding. Buying and selling is the nature of this market, might these people buy now and possibly sell it by tomorrow, that can be happening depending on their decision and the reason why they are here in crypto.
To a certain extent, I think that is the right way to do it, although if ever you need the money, why would you restrict yourself so bad into holding it all if you could get some from it? Trading bitcoin to your local currency whenever you need it is not a crime, and can even save you from getting yourself in debt. The decision would always be yours, but it’s not a crime to sell some in order to gain some when it comes to bitcoin.
Bitcoin should be exchanged, traded regularly. It is the value created from trading and holding. Holders create scarcity. I am thinking of many conspiracies around Bitcoin that holders can create like a big dump, big pump. In the end, they will all be Big Gollums.
I mean, think about it: if they're actually hodlers, how can they cause a "big dump"? As their coins are pretty much taken off the markets in the first place.
But regardless, then again, you can do whatever you want with your coins.
I used to use it as a currency in the past (was approximately back in 2013-2015, I'm not sure) and I'm pretty sure I'd prefer not having spent that money for something that I could have bought with real money. Can't say I exactly regret it, since there was no possible way I could have predicted it, however, I'd rather have my BTC now.
If one has plenty of income to just live good, I think that he can afford to HODL. Meaning hold forever.
But the normal people have to spend - sooner or later - also parts of the investment. Of course, it can be spent well or it can be spent only for the sake of it.
But looking back and wishing you did different is counterproductive. I've spent too. I will probably invest more, I will probably spend more. Life goes on.
I'm currently working, thus, I use my paycheck in order to live by, if I didn't work, I would also consider using some of those funds.
The power of Bitcoin is as strong as the way the ring poisons the minds of its holders. Bitcoin is bullish and will increase in price in the future. We look at them like we look at our wealth. A wonderful, magical and precious property. We, we are all Gollum.
I don't want to be Gollum. I don't want to end in misery while I had Bitcoin in hand. No. So you are mistaken; no, not all from here are Gollum.
I used to use it as a currency in the past (was approximately back in 2013-2015, I'm not sure) and I'm pretty sure I'd prefer not having spent that money for something that I could have bought with real money. Can't say I exactly regret it, since there was no possible way I could have predicted it, however, I'd rather have my BTC now.
If one has plenty of income to just live good, I think that he can afford to HODL. Meaning hold forever.
But the normal people have to spend - sooner or later - also parts of the investment. Of course, it can be spent well or it can be spent only for the sake of it.
But looking back and wishing you did different is counterproductive. I've spent too. I will probably invest more, I will probably spend more. Life goes on.
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