Bitcoin Forum

Should you hodl forever?  Does everyone have a price?  What is yours?   ???

Bitcoin is money, if its value goes up, you are making money. You can't buy 2 pizzas for 10,000 bitcoins anymore, in fact you can buy 4.5 times more pizzas than a few months ago. It may look like you're not making money before you sold, because it's hard to spend Bitcoin, as places that accept it are still very rare, but if you look hard enough and are lucky, there are opportunities to pay with BTC directly.

You need to separate between holding for entire life and holding until it reach your goals.

Of course if you didn't sell any coins, you're not made any profit... you can only see the temporary profit on your portfolio.

In fact 1 BTC = 1 BTC, it will no change even you hold it after 100 years.

But the rates/pairs is changed if you determine it to fiat money or any coin.

No, I do not want to hold forever because I need to sell my bitcoin and other coins to make money that I can use to buy my daily needs or the other things with fiat. But if your country accepts bitcoin as the payment system, you do not need to convert your bitcoin to fiat, and you can get directly to buy whatever you want with your bitcoin. In my understanding, as long as we sell and make a profit, that means we made money, even if you are not yet to sell your bitcoin or the other coins.

If you want to think long term and want to actually focus on growth, it'd probably be a great idea to focus on net worth and asset appreciation rather than fiat holdings.

Completely up to you, ask yourself, why are you in bitcoin in the first place?

Nope.

I don't have a price. Because:

https://i.redd.it/3525lt9kvir01.jpg

If Bitcoin does achieve global adoption and merchants start accepting it as a regular means of payment, then you will not have to sell inorder to 'take profit', you simply use it to purchase what you wish.
   
If you're talking in purely speculative terms and the relative value of Bitcoin to Fiat, then I'll say NO, same way you cannot lose until you sell. Bitcoin is highly volatile, if I'm up 3× from when I purchased $100 worth of BTC, I cannot say I own $300 as the price can dip at anytime. However, I can always say I own xx amount of Bitcoin.

Everyone has a desired amount and a target when the right time to sell their Bitcoin, and yes, everyone has the desired amount of taking profit and it might you also.  The way to achieve that goal, you should hold until it will come and if the right time will come, and you made 5x folds profit then, that's the right time to sell.

This something you're a valuable thing seems like gold and other precious metals but Bitcoin is totally different, the price is very volatile that caused by the supply and demand, when the demand increase, it will surely become expensive in the market.

Mind your own and invest your own, this isn't necessary.

I believe that most people who own Bitcoin have their own exit price - there are few who think that it is not necessary to change BTC to fiat at all. Regardless of the fact that BTC is actually a currency that can be used to buy and pay for a lot of things and services - how many people have actually practiced this method of payment? People still feel a lot more comfortable when paying with fiat, and now they have another good reason not to pay with BTC, and that is relatively high fees.

I find it stupid to hold forever, and at the same time be in a bad financial situation which some people still do - and some will probably find themselves in such a situation that they will take their BTC with them to the grave. Spend as much as you need, and when you have the opportunity to invest again then do it - in the long run it seems like a good strategy.

When we say hodl for a long term, it doesn't mean that you have to hodl it forever, you may set your standard of value so if that value comes up then you may now pull out your money, no one person can predict accurately the price of bitcoin and that would be the hard part being a trader and investor but if you set a certain amount of income you want to have then that would be the time that you have to sell your bitcoin or what kind of cryptocurrency is that.
That is also what I am looking in our country but I don't think that it would be possible as of this day but mune in the future it will, I am aware of how influential bitcoin could be.

NO.  This is something that I am constantly talking to my clients about.  You don't actually realize a profit or loss until you actually sell the underlying security/financial product etc.  I often have client's tell me "well in 2008 during the Great Recession I lost $xxxx amount of dollars".  My response is always.. "Did you pull out of your stock investments and move everything to a fixed account, or did you keep things where they were?"  If they say they left things as is, then I tell them they hadn't lost anything as the value grew back. 

target to sell my bitcoins if it achieves what i expected long ago. So like it or not we will sell bitcoin which is currently being held for quite a long time. So, hopefully in the future, we will have another unexpected opportunity like before with a bitcoin price of under $ 20,000. I have been tempted to sell it, because there is something I want to buy from this sale.

I think it's actually trickier than that, and not only related to Bitcoin. If a person keeps hodling and hodling, and never spends the BTC this person once bought, I'd say it doesn't matter what the numbers in the wallet show. To actually benefit from having BTC, one has to either sell it for fiat and exchange fiat fro goods/services or use BTC directly for goods/services. In any case, using it eventually is crucial, because until you do that, it doesn't really matter whether you have 0.1 BTC, 10 BTC or no BTC at all. People tend to live their lives hodling without ever benefiting from the wealth they had.

I would say no. As long as you don't sell your coins, I would say you "haven't made any profit or loss". You have the same amount of coins that you had before. You bought that
with specific amount of money. As long as you are holding it, if the price goes up, and you haven't sold anything, you haven't made any profit. Again, if the price goes down and you still have the same amount of coins, you haven't made any loss. If only everyone had thought the same way, no would would be panic selling when the see the price dropping (unless its a shit coin and about to crash).

You've only managed to gain profit if you have receive the money you once invested with additional value, so yes, you haven't made any profit if you only hold onto your coins as long as you want. You must sell it to made your profit.
Just like what is happening in the sneakers community, if you bought a Jordan 1 at retail for 100$ and the current price for it is now 500-1000$ then you can't say that you already profited if you haven't sold it yet. You only lost 100$.

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I think the correct term for this is "Potential Profit" as you can sell your assets anytime soon and earn a profit from it.

It's not a good idea just to hold forever because it's your investment and it's gonna be useless if you're not going to use it at all or maybe you could still use it for the future.

What you could do is just invest, invest when the price is dumping or having a correction, and never sell at that price point, and then when you feel like the market price is just way too high like maybe 50k$-100k$ you could start selling a small percentage of your bitcoin so that when it would not be a big loss when the price continues to pump.

At some point, you should sell your bitcoin little by little because soon bitcoin will be overpriced and we don't know the risk something could always happen.

I can't say the price that I'll be fully selling all that I've got or maybe not. In order for us to profit, we have to sell, and holding forever might let you lose the opportunity to make money. The important decision you need to make is to sell whenever you're in profit.

You sell if you're happy with the profits.

You hold if you want to hold longer and you want to avoid the current situation of the market and you're not liking it. Don't forget that if it's necessary to cut loss, then cut loss.

*Tesla has announced that they will accept Bitcoin as payment 'lol'...
we live where all are free to choose what they think is best for themselves, I think there is no harm in being a Holder as long as possible because maybe one day they will become millionaires because of the multiple values of the tokens they hodl.

Profits wont be realized until you do sell off those coins which means you do really earn or in profits but those are still on the limbo side because you havent converted it yet
but you can do those things later on if you wanted  to but be sure that you would really be  fast on doing that so that profits wont really be declining.HODL for some people
but others do really  love to buy and sell to materialized everything so its a matter of preference on what are the things you do like into your investment.
Making money is what we do aim for so decisions will vary on person to person.

These depends entirely on what is your position about bitcoin and your goals, if what you want is to make profits in fiat currencies then if you have not sold your bitcoin yet those are called unrealized profits and in that instance then you are right since you have made no profits yet.

However there are many people that have the conviction that they are not going to have to sell their bitcoin for fiat currencies because eventually bitcoin is going to be accepted almost everywhere and they will be able to use it alongside fiat currencies which means that they do not have to sell and each day that passes in which the price of bitcoin increases the more they can buy with so they had make profits.

It’s not just a matter of price. Talking about this subject on my local board, one of the terms we came up with is that of a "regulation hodler". That is, some people may be willing to sell, but the current regulation in their country is unclear, and they refrain from selling at this stage.
 
People may have started gathering satoshis without too much of an intent, but the rise in price could make their cumulative start to become a pretty stash. The problem arises when what started off as a sort of hobby, and has been so for some years, becomes something non trivial to justify in the eyes of the IRS (or equivalent). Add to that a regulation that is evolving and we’ve got a generation of "regulation hodlers", waiting for the waters to settle before they can even ponder making their sell.

I can't recall the thread exactly, but I have created a thread hold for life, not for a lifetime. I have sold bitcoin even when the price was $3K, and now selling even price above $40K. The simple reason is, I have been selling my Bitcoin when I need money. I am selling bitcoin for real life. Doesn't matter it's from earning or from my holding. Of course, still holding a few satoshis, so even increasing-price I am happy. I don't want to repeat the mistake like 2017. If I had sold my bitcoin that time instead of invest shitcoin then most likely I would establish my own business and could buyback at the $3K zone. So, my simple logic, hold for life, not for a lifetime.

Am not in support 9f Hodl forever because it is no longer sensible, the purpose of investment is to be able to enjoy the benefits at a certain point, not turning your investment to a trophy kept in a museum or library just to look at it, lol,
I have a target and once am able to hit that target or come close to hitting it, I will cash out to better my life and the people around me. No point HODling forever.

You already made a profit once your bitcoin appreciates in value, regardless if you sell or you don't. Similar to stock traders and shareholders, they make a profit whenever their stocks rise in value, even if they just keep it as it is and continue doing on other things.

Aa for my price, it depends on whether I need the money or not. I do have a stable paying job, a nice career ahead of me, and I think a few more years along the way I wouldn't have much problems financially. Perhaps I'd be able to use it for my heirs even though I don't have any plans of having a family--just to my nieces and nephews.

Well yes I always calculate it that way even though I hadn't sold it yet but whenever the coins that I am holding goes up I already consider them as a profit.
Just like when we look at our portfolio and saw that it goes down we would say that we had loss even though we haven't took that loss yet.
But I know others wouldn't take it that way because it could still go the other way around when you are still holding it.

It's common sense if you will hold forever even though you have already seen your profit, don't tell me you're still holding even you know that your profit was, what else? Hoping that it will fold so many times before having a plan to exit the market. Just analyze when is the exit and buying point, so that you will exactly know of getting profit.

Actually, if you hold 1 bitcoin it will never be changed, it will the same amount but if you will look at the value will I guess you will able to consider it as one of your asset. Just sell it if you have profit and hold while you've lost.

As long as our coins or tokens are in our wallets in the form of codes and numbers, we cannot say that we actually made a profit no matter how much their price has risen. Profit, in my opinion, can only be considered the difference between the amount of fiat investment in cryptocurrency and the amount that we withdrawn from cryptocurrency into fiat. We cannot be sure that any cryptocurrency will retain its value and price in the future. Therefore, it is not worth keeping all your money in cryptocurrency .. It would be better to periodically fix your profit by converting it into regular currency or at least into a stablecoin.

That's right, without selling our Bitcoin, I don't think it's making money. Therefore, all of us investing in Bitcoin must have a sell target that we want
to achieve, so I'm sure no one wants to HODL forever. One day for sure the Bitcoin that we have will be sold, but everyone has a different sell target.
I will sell my Bitcoin when it hits the $ 50k price tag, because that's the target I want to sell.

people are known to work for money as much as they can or as long as they are still breathing so yes hodling forever is possible ( sell at your target value, buying back and hodling again ) . everyone have a target price , my target was only small and infact i already sold mine when btc is at 40k something  . to your first question if you can made money without selling , yes you are but you can also loose that money if you wont sell  so the best thing to do is to sell when you got your target

Like to say 1BTC is equal to 1BTC but if we are converted to fiat money, it gradually change. Buying at a low price and sell it at high, that is commonly we do to make money from Bitcoin. We are not here for a lifetime and we can't hold Bitcoin forever, we are here for a reason and that is to make money.

I am to wonder if someone says he makes money without selling his Bitcoin. Because in business, we can't make money if nobody buys your product, if you have nothing to sell, you can make money. The same thing works in crypto.

Everyone doesn't have a price, but different users have different price targets to sell off their hodling. With this time's market growth more number of people could've sold their hodling. With that the market would've experienced some form of price crash. Fortunately everything has taken place on the positive note with more investors getting into the market. If I'm not wrong, this started with PayPal and now going further and further through Tesla. ;)

Basically it's the same as holding shares or commodities. Paper loss = Unrealized gains/ losses.

Not everyone that owned crypto in the early days could predict the future of 5 figures, maybe even Satoshi himself ;D

But is BTC a good investment these days?  If you brought at $1K and sold at $2K you doubled your money and it wasn't that great a leap.  If you brought at $48K it would have to go to $96K to double your money.   Which i suppose is possible but one hell of a leap.  I suppose that is why alts are so popular these days.  Their increases are a lot more realistic.

By money, you must be referring to the fiat cash, so that means you are going to convert your Bitcoin into maybe USA Dollar, just an example. Of course, we can argue that Bitcoin is actually functioning like money too, so there is no need to cash it out for one to say he made money with Bitcoin. Now, this all depends on how one is viewing things. We can therefore say that if Bitcoin's value is rising against the parameter which is the dollar, you are actually making money, but it exists on paper, or maybe we can say on a digital form. I think this is the common viewpoint of many people involved with cryptocurrency here in my country and this is how many countries are viewing also especially in connection with taxes.

I think the users point of this question is that do holding money will give you some earnings because we all know that if you don't make yourself so useful ypu will not benefit. But I gues the answer to this question is a big yes. Holding money is worth in trading, stocks and even long term holding tradibg. You will set some TP in trading and you will take some of earnings when you hit that. Holding money is a very effecient way of earning because it is not that risky but definitely safe and effective. And they always say that it is better to have a bigger amount of investment at the start in order for you to also have a bigger amount of earnings at the end. 

I hate to disagree but there are people who makes money without selling their coins, some of them have threads that are documenting the profit that they get, I can't remember the users but I think it was posted around the gambling board or the gambling discussion, I can't be certain. I wanted to look for their post but my fever seems to make me a lazy bastard and just sleep. Any sensible person will have to sell their bitcoin someday, there will be those that are loyal because they believe that bitcoin will someday replace the banking institutions as the prophecy says, you wouldn't know what price you are going to sell it but your gut will tell you what needs to done.

Not exactly to happen in a very short period of time but if you don't bother holding it until the price reaches $96k, that could be great. But if you are doubtful to invest in Bitcoin, that is your decision. Many people are investing in Bitcoin even the price is already high it is because they saw its potentials, they are not thinking that they can double their money in the coming days, but they are thinking of a long-term holding which is close to the possibility.

And please don't compare $1k to $48k because is totally different. If you are not convinced, then don't force yourself to believe what we are seeing. 

If you are a believer in Bitcoin potential then the best time to sell is when the production will stop. You might know that the production of Bitcoin will end sometime in the future as there can be only 21M Bitcoin which is 18.6M are already in the market. Bitcoin is now hitting $50K soon which is a great investment opportunity for sure than before. Buy and hold as long as you can! That’s the way to go.

If you are looking at the exchange rate with the usd/btc for sure you will get bothered with the price and this time you will sell your coin earned because you think you already gained profit but if you are looking at the bitcoin as bitcoin-like 1 bitcoin remains as 1 bitcoin there is nothing change sometimes giving a value makes more expensive on it so in some point you will actually sell those just to earn.
You do not earn anything thing if you didn't sell those bitcoins you hold. You can hold but there is a time that your holdings become worth it sell and grab the opportunity on it.

Being rich can be a state of mind and that type of thing depends on the user. HODLing is good for some users because they can make money since they are able to budget their Cryptocurrencies into different types of investments. You could still create money without actually selling your coins but the only way to gain profit is by selling them so it really falls on the user if he/she wants to gain profit.

What is the point on holding onto some investment for a long time without booking the profit, everyone books their profit and it all depends upon how much you are targeting. When i started i used to sell for much lower valuation and if i think about it now i do regret selling huge amount of coins when the price was dirt cheap considering the current valuation.

You will understand this in the future. Its not so much of "making money", but preserving your wealth.

Fiat currency is made to lose value overtime, due to the dogmas from the current prevailing school of economy, which instills fear of deflation. If you want to understand the economy using money which doesn't lose its value over time, read the Austrians (ie. mises.org (https://mises.org)).

Its quite simple: You hold your money, and just use what you absolutely must. You don't have to go desperate to invest it or lend it to others. Sure you can, and it might give you a bit more interest, but at a higher risk, but if you don't, its OK. With the current model, if you don't do that you are losing everyday, and that's the intention.

Try computer games with fictional money, you usually save and only use what you must, because you don't fear the prices will go up later in the same place. Of course some games model the prevalent inflation of current world economy, which is a kind of "use it or lose it" mentality, rather than save and relax.

Yes, hold forever, that is the correct attitude. Only use what you must, hold the rest, preferably in a cold wallet which is just a piece of paper with handwritten (seed) words. Banks are optional, not obligatory, but lending or asking loans are optional, not "a must" for "progress". There are too many banks, and they will shrink. There are also too many useless coins, and they too will shrink.

It's not a very valid discussion, I feel! If we don't consider the wealth unless it is converted to cash then majority of the billionaires would fall out of Forbes list. Because majority of them are considered rich because of their shareholding. Same goes here as well. If you are HODLing, then it's all fine to calculate that as your wealth and networth. So on papers, you have made money out of it because it increases your networth. It's as simple as that!

Holding on forever completely depends on the individual as it is his choice whether he wants to hold it forever or not.
I would personally be holding some portion of my portfolio forever and even pass it as a legacy to someone who is worthy.

Also, bitcoin is not only meant for speculation. We can also use bitcoin as a currency and do the payment.
For example : Recently I purchased a book through bitcoin and also purchased a domain directly through bitcoin.
So yeah, when the price of bitcoin increases, we have to spend a lot less for the same product. This saves our bitcoins and thus it does help us make money.

But yeah, there's no point in holding bitcoin if you aren't gonna use it forever. You should be able to do something with it right.
That's why keep selling at times, keep spending it at times and keep holding some forever. That's what I think is right for me.

As long as there is high liquidity in the market, yes.

Money = purchasing power

In other words: as long as there are people willing to trade with these coins, consequently valuating it a price, you have purchasing power in your hands. But once no one has interest for it anymore, your coins lose all their purchasing power. However not only crypto currency is under this risk, but also and more probable are the fiat currencies which lose value along the years.

Holding is a process wherein you are stocking your coins or assets for a while for the reason that you are seeking or wanting for a desirable price to come before you can decide to finally sell those and made a profit out of it. Holding can or cannot be taking too long depending on the individual himself for we have different goals that we wanted to achieve so do the target price we wanted to attain before deciding to do selling of our altcoins and Bitcoins we have in our wallets. The limitations of holding is being set upon by the user himself so we can never know how long it would last when you do such.

no need to be sorry as long as you still get the benefits. you have booked your profits according to the target price you want.
if you believe that some coins will continue to rise you have to hold them even longer or leave some coins to hold for a long time.
you have to be satisfied with whatever profit you get, the important thing is that you don't lose.

To answer the title, I'd say that it's a yes. I consider it as a gain and can be said of paper gains. And just like when we hold, when we're losing, it can be said as paper loss.
This is it, the same as what I've thought but just early to comment it.  ;D

That's a tricky question, been thinking about it myself lately. I personally hodl only some part, and the other part I spend. But a friend of mine bought Bitcoin years ago and he always had this thing that he's got to have at least ONE Bitcoin, always believed it was going to be something, years ago he told me Bitcoin will be worth $50k and I didn't believe him :D

So now, he has his 50 thousand dollars, but what to do next? I think the longer you hodl - the harder it is to give it away, right? You kinda always believe that Bitcoin will only grow and then what's the point in selling? But also, what's the point of having it with no intention to sell?

You should tell us first what yours before you ask others! Can you explain to us what you do with your crypto assets?
Well, I am a realistic person, I never plan to keep my Bitcoin or altcoins forever. It doesn't make sense to ask about it since even a kid can answer it. Sure people won't hold forever, there should be time to sell. What the purposes of Hodling? It is the profit, right? To take the profit, a holder must sell their Bitcoin or altcoin to the market. Every single man knows it mate!  ::)

Not really. If you have coins that are worth something and you don't sell you have all the right to give their value in fiat money if you want.

I'd compare it to having a house worth a million dollars. If someone asks you don't know exactly how much people will pay if you decide to sell now. You know that the price is somewhere around 1 million but if you sell it it's possible you'll only get 800 thousand.

For me it's so easy to sell my coins that I don't even have to send them to an exchange. I have a broker that will pay me fiat money whenever I make an order and ask me to send coins later.
So if the price is 80 thousand and I want 80 thousand I can do it in 1 click and lock the current price for a future sale. This makes me physically own the exact value in fiat at any moment. 

Depends on what coin do you mean and also there are always perfect time to do that since if you buy at the peak price and then decide to hold well provably the huge bearish time will came and you will end up hodling and wait for the price to recover back, that's not the ideal thing to do that's why we need to wait for the dump before we buy and decide to hodl.

I prefer to hold forever as long as you don't need to sell.
If trading bitcoin or holding bitcoin is not your main earning source, then it makes more sense to hold it forever until your bad situations will come.
cause bitcoin's price is raising day by day and it will be a lifetime investment for your future generation.
And if holding bitcoin or trading bitcoin is your main earning source then my only suggestion divide your investment in two portion,
1 portion is for long time holding and another portion is for daily or monthly trading. 

Well, that depends on your strategy. If you want to sell your bitcoin at X price, you need to hold it, no matter if the price will always go up and down many times. While you hold, you can still make a profit in bitcoin, so you can see your bitcoin amount will increase, and at the right time when your target price is touch, you can sell it to make money. It is hard if you don't have a target price to sell your bitcoin, and that can make you hold without knowing when you can buy bitcoin. But if you really want to do that, that is up to you.

As long as I can see I can profit from converting my bitcoin to fiat, which means I make money, and I am still trying to make more bitcoin. It is okay if you hold your bitcoin because you don't have anything to buy with your fiat to help you collect more bitcoin.

It doesn't mean that if you sell your coins, that's where the profit will occur. As you are holding your coins, its value goes up and it only depends on you on when to sell or when to make transactions with it. Bitcoin really takes a lot of time in the market before you make it profitable for yourself. Each and every one of us do really have a certain price or goal on when to sell it so it depends on you. There are really a lot of opportunities and advantages of bitcoin not only as an asset to our investments.

Most people who can afford to hodl probably have enough money anyway.

So I suppose it's a case of "you need money to make money".

 :D

I don't think so. I understand you are try to spread the word about bitcoin is a currency. But you should consider fiat money still the queen. All the coins you hold right now is pegged by fiat when you cash out. And look, we use the fiat money to determine the price.
And if you read the title on this topic, we all knew the simple exception on crypto investment; you don't lose until you sell it. And vice versa.

Why forever when you can make a good profit everyday not by holding but into trading, for me if there a good profit why not cash out them or re invest into another coins, or your just having doubt in bitcoin? To be honest it's always to you when you wanna sell all your coins or just forever since we live everyday and we can make a own decision when it comes on money in bitcoin there's always an advantage using them since it was decentralize and no one can control it not unlike fiat. So follow your guts always

Btc is currency, spend it to buy things. Money always depreciate if you hold it. Invest it if you want it to grow.
Unfortunately spending it to buy something is still not possible in many cases buy soon we will able to buy everything directly with Bitcoin then I will start spending it.

Of course! Let's say, I have a stable job and I decided to save some of my salary and covert it into Bitcoin or any cryptocurrency. The moment I started converting it, and the price moves, I actually earned money from it. So I will decide if when will I sell or I until when will I hodl it. Either log term or short term, I know you made money in the world of crypto. It really depends on your plans or needs, and there's nothing wrong with it as long as it's your decision.

If i have any business or job, then there is no problem to hold tight bitcoin in wallet cause i don't think anyone would mind if they see the bitcoin is growing means they earning money without doing anything but hold. But of course not for the whole life. For me. I don't have any goal for bitcoin but I'll sell my bitcoin if i need any economical suport and let my rest of bitcoin be hold on my wallet so that to grow big

It will not make any sense if your gonna hold your tokens forever I think the right thing to do is to not stop investing in bitcoin. We will always end up selling our bitcoin because we need that profit and it's the main reason in the first place why we started to invest in bitcoin because we need that profit. It just feels like you lose some money if the price continues to pump after you sell your bitcoin so i think the thing is you should never stop investing and always invest in every possible deep that you could invest to so that income or your profit will not stop.

I think you can definitely say that you have made your money, it just shouldn't be measured up against fiat for a accurate comparison. The question you ask can only be answered with an subjective answer. There are a few who hold there digital coins and see gold every time they check their wallets. Others see bytes of 1's and 0's. It's really a lot like viewing the glass half empty or half full. when i see my coins, I have very little, to me I see a potential fortune, even if those coins happen to be worth a thousandth of a cent.

There are many types of wealth, cash is just one of those. Who cares if your wallet is empty? As long as your investments are flourishing and is profiting very hefty sums, you are winning and you are making money, it is up to you if you want to liquidate the earnings for consumption, but a wise person will use the profit itself to expand his venture, which will in turn make him more money in the process.

Holding bitcoin forever makes no sense, You should hodl your bitcoins up to the price that you will get your satisfaction in selling it. If you believe that your bitcoin is worth $150k go hold it until your beliefs happen. Most of us have a certain exit price goal in selling our beloved bitcoins but it just happens that some of us sell at an unwanted price due to some reasons like panicking on a bear season and selling bitcoin on a loss. Before in this bull run, I'm sure there is someone who regrets seeing the price now because they sold their bitcoins early. This shows that patiently waiting for your satisfactory price is worth it, not having regrets in selling it early.

The beauty of bitcoin being just electricity is you can take it to heaven and even other dimensions with you.

It depends, many people are expecting that bitcoin eventually gets adopted all over the world and you can use it to buy whatever you want, in that case it makes sense to hold bitcoin forever, that does not mean that you are not going to spend it ever, what it means is that you will wait until that scenario happens and then you can take advantage of it by paying with bitcoin instead of selling it and then buy what you want.

However the scenario that you are presenting is not bad either, as long as you can hold until bitcoin gets to your target price then you can sell when that happens and then buy what you want, neither of those scenarios are better than the other, at the end all of this depends on your goals and what you want to achieve with the bitcoins your currently holding.

The best thing you can do today if you have bitcoins is to hold.
Bitcoin has very specific properties that continually exacerbate its scarcity. Many are already asking, is it possible that Bitcoin will not be enough for everyone?
Large companies today are buying up bitcoin and sending it to cold wallets. That is, the supply of bitcoin is limited, which means that the higher the demand, the more expensive it will be.
Now one might ask, why sell bitcoin if it is not a vital situation? If there is no particular need, you need to have patience and keep it as long as possible. You will definitely stay profitable if you don’t do anything with your bitcoins for a while.

Not even Satoshi himself or themselves will hold for-life becasue we are all here for profit and technology development. In my opinion everyone here have their price respective to their adaptation, if you are holding for a period of time then after it expiration profit can be harvested, so, without selling out your portfolio there is no profit IMO. Am not a forever holder but usually have some of my coins converted into fiats for safety in my daily activities.

This does not come to my mind , but great question mate ..

Imagine that the world of crypto circling in the Saying that Keeps on HODLING but are we really profiting while we are only Holding? the value is increasing but we have not assurance if this will stay high or comes low tomorrow while we sleep.

Like what 2020 March happen when overnight the value fell more than Half without others knowledge and views as the Corona trigger it all.

Actually, when your portfolio grows more than your principal amount you can say you made money. Hodl Forever means how many years you should clear it? Nobody is going to hold forever whenever he/she achieves its set target he/she will sell their coins. Even some traders never decide whether to sell or not and about me, I will hold until and unless I achieve my set target.

Many people suggest to hold bitcoin but it doesn't mean that people must hold it forever. For me hold bitcoin means that we must hold bitcoin when the price fall lower than the price when we bought it. Hold bitcoin means trust that bitcoin price will rise again so don't sell now. I tend to always hold my bitcoin but when the price reach the peak at bullish market then I sell it.

Holding Bitcoin is also like holding money or assets and I believe it adds to your net worth. It is just like buying and holding a piece of land, which you know that the worth can either go up or down in the future, and whether it goes up or down, your worth will be the current value of the asset you’re holding.

So, if you’re bitcoin and let’s say that you didn’t want to sell it , you still have money whether you sell it or not and the more the value increases the more your net worth is increasing which is really good. The thing is that Bitcoin is limited and you can’t spend it as you do real currency.

Everyone has their own price, OP.
51k right now isn't profit for anybody. I stumbled upon one thread that the OP isn't really happy at price surge.
Everyone only has their own %-age in profit/loss.

Hodling forever? If you're already starving and falling behind bills, I don't think there's still reason to hodl further.

When someone buy bitcoin he has also made goal to make a specific profit. When specific profit achieved investors used this profit for their own other source.
Holding for whole time is not a key to earn more. Buy on right time sell on right time is key.

I think it's hard to say that you make money if you just hold your Bitcoins. Rather, while the price of Bitcoin is rising this is accumulation of capital.

Because you don't really get anything during that time until you sell a coin. This is not an asset from which you can receive any passive incomes. This is my point of view.

It's even much simpler.

Some people got their bitcoin from giveaways or faucets for free. If that money grew 500% in the last year they made money even without selling. They had free money and now that free money is worth a lot more money ;)

When you have a house you also say that you have the worth of that house even without selling it. That house can lose value when a storm hits it or a fire or a flood...

Absolutely not. You should have included your target price to sell all your BTC when the time comes and it's not really good to hold until you get old. We don't really know what will happen for the next 10 yrs in BTC. Maybe it might be gone after that very long time. My point is, taking profit for like 5x or 10x is not bad so that you will never miss the opportunity to sell.

Imagine that you made investment into gold or real estate for example. Can you say that you make money? Yes, of course. You just haven't sold your part in it yet, but your money, that you spent, is working in this investment. The other thing when are going to cash it out and is it really important for you right now. In case you desire to get your income nowadays of course you may and will get your profit physically nowadays in your native money or dollars or whatever. In case you would like to keep your invested money touchless till some moment will come you may leave them in the invested part. But they will still be working. It is like passive part, but it exists and is considered to be your asset. The same situation is with Bitcoin and crypto. The main important thing in this story is only your choice - to hold or not. And the key moment is to keep your finger on the pulse in order not to loose everything.

Of course you can. It's your fund. You making money when it goes bullish and losing them when it goes bearish.

I think nobody will HODL forever. If we do that, how will we use our profit to buy something in the end?  I think one could set a goal to reach and HODL his/her coins until that point. Then he/she can decide what to do.

We hold for reason and that means we never hold forever. I believe no one does forever but I'm sure these holders will sell their coins during the Bullrun, just like we have today.

3-5 years holding, that was incredible and certainly, we can do it if we want to but of course, we also have to consider the market situation and not just to stick to our plan even the market price is already at its peak, coz I'd rather have to sell it and take the opportunity.

All of us invest in Bitcoin all want to earn extra money. Bitcoin is money! Right! It's fun when you store multiple Bitcoin copper but now the price has doubled or three times even more. So you are rich. Although not anywhere also accepted Bitcoin payment. So you can sell Bitcoin to get cash to spend. As long as you need hardworking you will succeed. Having money and your life will be comfortable and happy.

It's totally useless if we just keep acquiring coins and earn them in our pocket for such long years of holding. In the first place, our main goal is to make profit and if it reaches already our target price, we should also learn to sell some of them. Being greedy when it comes to your investment will sometimes lead you to a regretting  end. If you see big chances or opportunities, then seize it.

Hello everybody. I agree that until you lock in your profit at a certain level, it’s very strange to say that with a constant rise in the price of an asset and you have never sold it, you have already made money. 2017-18 taught us that the cryptocurrency market is like mercury. Without taking profit today, tomorrow it may turn into a loss. Therefore, guys, try to fix the profit at least in parts, it will be much safer than waiting for the mythical 100 xx. Good luck everyone.

One can only speak of holding in crypto when one is actually holding good coins that the CEO won't abandon the project for an easy life. When holding bitcoin, ETH, doge, and some other solid projects one can say he is holing money, not holding some scam coin.

that's why there is a strategy, there is analysis. It is very important to determine whether you choose long-term or short-term investments, at least you must define your targets and goals.
We also know that folatility in cryptocurrencies is very high, it takes the right timing to buy, hold, or sell assets to maximize profits. It is very important to manage mentality and emotions while in the cryptocurrency ecosystem, everything can be worth many times over or turn back into nothing. so understand the risks, and use the right strategy.

It's good to take profit once in a while but it will be regretful sometimes if we see how much the price it increased after some time, while it's okay to rebuy back it will be better if we will still left some amount or just get a portion to take as profit and keep investing into it as long as we need it.

Money not spent wisely is money wasted. You'd have to know how to create more money, and have that money be spent on something that is wise and will take you long ways. To hold forever will seem impractical, knowing that you'll have your necessities that you need to meet and things that you may have to purchase in the future.

It is true that if the price of Bitcoin goes up then as long as we don't sell the Bitcoin we have, we can't be said to be making money. Vice versa if
the price of Bitcoin goes down and we haven't sold the Bitcoin that we have, it also can't be said to lose money. Therefore TP and SL are needed,
this is a feature that will ensure that we profit or we lose. And everyone has different sell targets and stop-losses, As long as we stick to the plan
we have set, normally everything will be fine and we can make money. But the problem is that very few people stick to the plan, most of them
will panic if there is a drastic price movement of Bitcoin.

Every hodler will always have their own target to reach for their hold. HODL doesn't mean forever. Hold means that we can keep our coins in a certain period until it gets the target and the target itself that makes difference among the holders. It may be until the price target reaching after serval percentage, after one month, two, or years. And or until several years later to be saved in the wallet itself.
However, we can say that we get the profits and also money of it if the coins have been converted or sold into fiat and then cash out to the bank account.

I think no one will hold BTC or other crypto coins forever. There should be time to sell them but may be after many years. It is called a long-term investment, they will keep the coins in the wallets for a long time. They must already plan to sell the coins after meet their targets. Then, they probably sell all the coins or a few of the coins gradually.

What can you say into those who had been holding since from the beginning which until now they havent considered on making some sell? We cant tell
though if they havent sell or able to release those bags because no one can have the track on someone on each individual wallets but there are actually some
people who had been holding no matter how high the price that it do reached up and this isnt something simple that someone could able to resist
specially if you do look into the market actively then this would be challenging.

That's how it is! You can make money just by holding your bitcoin or any altcoins. In every possible way. Try to have some Fiat and exchange all your money in bitcoin and altcoins. If you are convinced and you try it, you will see the performance of your money invested in cryptocurrencies. Take advantage of the freedom that cryptocurrencies give you before any government agency in your country stops you.

Why I never sell my coins? Are there any valid reasons? I invest in crypto for profit if I hold for forever then I never can get many advantages from my investment so why I lock up my money. I hold BTC for a period that I can get profit by selling and buy BTC at a cheaper rate to hold.

Exactly, I agree with it. We should definitely know to sell some amount after the price reaches a level that we like. As long as one becomes more greedy, the risk of losing their money will be higher.

So you bought or mined Bitcoin early and you never sold. It is interesting and means you are much more dedicated than others. I wonder though, have you never even sold a small part of your investment to take some profit in the bank and use it to have a better life? All the words that show a commitment to the cause and strong belief means that you invested rationally and you were right until now. Maybe you are a very small minority though, if you just invested in Bitcoin early and never ever sold anything.

Hodling is the safest way to invest most especially Bitcoin and the time of hodling depends on our needs. If an individual has the extra money for his daily needs and prefer to hodl his coins long term I think that is when he has to decide the exact time for a harvest unless he sold it for emergency use. We have the right to sell and hodl our coins but still we have our own preferrence.

Not unless you let go of your Bitcoin.  Holding it doesn't mean you are getting profit.  Yes, the value gets bigger but your Bitcoin quantity stays the same.  Unless you cash out your BTC you cannot say that you are already in a profit.  Since,
.  So in order to say we make money, we have to revert it to the currency we use to pay for it and see if we really gain something.

If what you invested in(bought) does have a good future in your opinion, it's better to sell some portion of it and keep the rest for the possible bigger moves up, it's sort of dollar cost averaging but instead of buying more when the price goes down, you're selling some every time price goes up.

Of course it's not a very smart move to not sell anything at all while you're up 3-5-10x, unless you don't care about losing the profit you got so far from that investment and you're okay with losing your profit as it can happen specially with shitcoins.

I can say that in My mind of course and in my Eyes because i can obviously check my wallet time after time.
But of course momentum will change once your Funds value starts to fell down.

But of course you must be alert in our market now because if you don't wanna leave behind then best to sell before the bear comes.

----- Bruh. Investing doesn't mean to hodl forever. It means to hodl for a certain period until you are guaranteed a bigger profit. For example, if you are holding a land property, and you continue holding it, let's say 20 years; Question, Are you earning money? of course! Time is Money. The longer you hodl the property, the more their value increases over time. Same concept with crypto. I'm using Netcoins because it is a safe crypto platform and I've been hodling my bitcoin ever since and I've been checking the right time and price to sell them. I'm not earning from it now but in the future, I will.

Actually that is the same question of mine to myself. Since 2017, I am holding my bitcoins up to now. Yes I already gained a lot when bitcoin price goes really up high this year. Then I asked myself should I convert my bitcoin into peso? I decided not to. But I asked myself until when I will hold this thing? Up to now, I can't answer my self an exact date. But I keep in mind that it is for the future life of me and my incoming family. Bitcoin price will continue to rise so I will continue making my bitcoin grow by just holding it until the time comes that I already need it.

BUY, HOLD, AND SELL.
We eventually doing this all the time and I'm not surprised why people are selling their coins during Bullrun and that gonna be expected.
No one for sure does the long-term holding ( like 10 years), I mean, it is very impossible for a person who does that if he aims to gain profit from his investment if he never knows to sell some but just to keep holding.

BUY now, hold, and SELL by tomorrow. That is normal, as I know.

In a way, if you consider bitcoin as an asset more than a money then you proabbly lean on not making money yet. I wouldn't suggest hodling forever or for a long time, take some cash out of your hodl, consider it as your reward for the patience that you had all this time hodling bitcoin and having a lot of tempting prices that you could've sold and times that you wanted to escape because the price is falling but you hodl on.

With shitcoins, then that opportunities will be lost forever but with solid project we already witness how high those top alts and bitcoin
went thru.  A matter of how good you understand everything.

Your call should always accompanied by your knowledge, it lessen or avoid you to lose your investment. Most of those long term investors
believes that the project will bring them fortunes.

How you make money without selling bitcoin or other coins depends on how you hold the coin.  Many people keep stacking coins for a long time so that they can make a profit after a certain period of time.  This is the only way you can make money by selling tokens.

with 99% certainty this is what will happen. if you hold within some years you will have made tons of money because you made the decision to hold bitcoin(s). the negative side is that you become older and can't turn back time I mean you could have enjoyed life much more meanwhile if you had just exchanged some portion of your coins.
second scenario: you hold "forever". almost certainly you will lose everything because in 100 years there is will be something better than bitcoin.
nothing is eternal.

From my experience I believe if you are still holding a coin I don't believe you have make money because anything can happen within few minutes anything can happen to your coin or and you can lose the money money so before I will believe I make money the money must be in my local account. You have to make sure you sell your coin first before you can tell me you make money you can be holding a coin now and you will be in a good profit within some few Minutes you will be at lose already so till you sell a coin before you can boost of your money!!!

That’s what you called unrealize gain since you haven’t sold anything yet. For me, if you haven’t sold your coins, you haven’t made any money on that certain trade. Sell them and convert them to fiat so you can declare it as your actual income or money.

Hodling from the essence itself wasn't the best way to earn a profit if you are aiming to earn a high profit. But if we were going to look back I do regret that I didn't keep half of my earned btc coin wayback then because of the low price that bitcoin has at that time, and sadly i'm in case of emergency that time so I don't have any other choice but to exchange it into fiat. All I can say was hodling can be an easy step to those who just wanted to kept their btc but to those who are aiming for a profit it isn't advisable.

If I have to answer the question directly from the topic title "Can you say you made money if you never actally sell your coins?":
You can't make money if you don't sell anything, because coins don't bring dividends on an annual basis or bonuses like some other assets, they just accumulate value and until you sell them you really have nothing.

I don't think holding forever would still be profitable since cryptocurrency especially Bitcoin is volatile. I usually set a certain goal and timeframe and sell my holdings once I reach it. I don't count my holdings as my money because anything could happen anytime and I could lose it if I wouldn't be skeptical.

You don't have to sell your coins if you have a way to exchange them for goods and services or use them as a means for payment. Bitcoin is an alternative to fiat, it doesn't have to replace paper money altogether nor is it suitable for all kinds of use cases. The more Bitcoin acceptance there is, the less reasons to convert your coins to fiat, especially for more expensive purchases.

In reality, most people have a price in their head when they are planning to sell their bags, and there is nothing wrong with that either. I would be happy if one day I woke up in a world where Bitcoin can co-exist with a government-backed currency. 

And when you take profit, you have sold already
It won't be forever if there's a timeframe but I think these days when we say forever, we're telling someone that as another meaning of for a long time.

I'm not gonna shill BTC right now. Cause if I made huge profits from hodling, I could likely sell off and attend to life needs. The only unsure part is buying back at a higher price. Considering the fact that it will go higher(cant guess when), I'd rather take just a little percent and hodl on. No exact price to take out; just make your gain right.

You must have a goal to sell. If you need money, then sell what you have and leave a part. If you don't need money, you have to leave your coins until you find huge profits, but you need patience for several months or years.