Bitcoin Forum

Most crypto users are familiar with the HODL (Hold On for Dear Life). It's a good thing if you can HODL. I want to say HODL for dear life, not for lifetime. There is a reason why am I saying that. During the last bull run in 2017, I had more than enough funds to start a real life business by selling my Bitcoin. And to be honest, starting a real life business was too important for me since I was doing a job abroad. But sadly, I was greedy and had been waiting for more bumps. Eventually, I regret and now I can't do anything with that fund since bought a dew worthless shitcoin.

So if I HODL for dear life, then I should sell it for my need. Even I would won more BTC now since there were many opportunities when bitcoin dropped up to $3K.

What's your opinion? Should we HODL for Life or for Lifetime?

Myself too experienced similar situation with the previous bull market. Greed always accompanies human beings, same as that my life plan got as a result of greed. Myself kept a target ($25k) by which I can cashout. Once after touching $20k+ the price started to crash and I hoped for $25k with patience. Days have passed and still into hodl. So making right decision could make your life need fulfilled than hodling for lifetime.

We should HODL but keep in mind it's also possible to increase our total amount of BTC. I'm definitely not a friend of trading but selling BTC once a few years when BTC hits a new ATH and buying it back for a lower price later should be considered. To make sure that we avoid losses I would only sell it, if I'm totally sure, it can be bought back for a lower price. Because selling BTC is actually betting against an increasing price (and that is very risky).

Afterwards, it's always easy to say "I shoud have sold some BTC when the price was extremely high" but it's very hard to predict when to sell. Maybe this site can help to find out when selling could be a good option:

https://i.imgur.com/78yAtks.png

Source: https://www.lookintobitcoin.com/charts/rhodl-ratio/

Of course, we won't get a guarantee if such stats are always right...

^ No specific time upon HODLing, but you are definitely right. Dont be greedy if you are holding bitcoin, once your desired profit reached, you can sell half of the amount that you have held and wait when there is a correction happen to reinvest again. A basic rule in investing bitcoin, sell when the market price is high and buy when the market price is low. But if you are going to ask me, I split my investment into two, long term holding and short term holding. I still believed on the demand and supply of bitcoin. For sure in the future, there are massive holders than the sellers.

The market price is naturally volatile, thus, holding will give you nothing. Holding alone is not enough. If you are aiming for profit, you should know when to hold and when you will sell your holdings. Deep market analysis therefore is also needed. The market value will not continuously increase as months or years are passing by. There will be times wherein the market is low, which are also times wherein investing is a good thing. Also, not because the market price is continuously increasing, selling will be a bad thing to do. It does depend on your situation. It is advisable to hold but sell if you must, as simple as that.

I like this kind of question that deserves wonderful answers, I will prefer to hold bitcoin both for life and lifetime. About the shitcoins, you are very right, I have noticed many shitcoins too, even I was unable to gain from bitcoin cash and many like that this recent time, I was really pained I have my 50% investment on bitcoin while 50% for altcoins, if it was 100% bitcoin, I would have gained more. Like I was saying, I will like to hold bitcoin for life because over few years the price will pump, I will hold bitcoin for lifetime because bitcoin is a deflationary currency that my generations will benefit from.

You had a mistake you made why you should have sold in the last time high but because you wanted to hodl for life, then it dropped. When you calculate the down from ATH back to $3k , you can see that hodling for life is not a good business idea.

You shhould do both hodling forever and do buying selling periodically.
To have a couple bitcoins that meant to not sell forever important to makes yourself feel better when the price up as when you hve nothing to hold , it will makes you in pain that the bitcoin price continue moving up but you cannot afford to buy it.
And on the other hand is placing your hand at the bottom to bag some cheaps bitcoin whenever there is a dump .
With this method you will never feel regret no matter the market get dumped or pumped.
It is a simple win win solution.
HODL for life!

If we're not talking about retirement financial security, then I can say we should HODL for life and sell at the most convenient price range, then start a business outside the crypto space.
Regrets are inevitable (all of us have regrets) in this highly speculative market, but there's always an opportunity to correct every mistakes we made in the past, and guess what, Btc is almost at the 2017-ish bull price.

We're almost at the same situation, though I still dont have enough funds to start up with my business model, hopefully Bitcoin will.

Same here, if I could have sell during the peaked of 2017, I could have profit big, but it's good though, real lessons for everyone. So I would say that if ever we see another all time high next year, or at least double what we have seen in 2017, definitely I will sell some of my stash, to start some kind of business.

So yes, sell it when needed, but don't sell everything though, might be better option to just sold off 50% of your stash and then stack again when we are in the bearish trend, and then wait for the next halving and then bull run again.

I guess there are different kinds of hodlers here. [1] Those who want their worth to increase in the future. These are the investors, the ones who are trying to make money out of it. [2] Those who are safely keeping their worth. These are the ones who are earning much in fiat and prefer to store them in Bitcoin to make sure their wealth's value remains intact and safe over the years or even until the next generation. [3] Those who believe that Bitcoin is the future of money, the ones who accumulate Bitcoin so that they have much to spend in the coming years.

It all depends on how you look at Bitcoin. For me, a portion is definitely lasting a lifetime, although if I need an amount of money which I cannot produce in fiat alone I will also be compelled to convert some.

I think it's just for semantics maybe, we all know that there's no such thing as 'lifetime', sooner or later in life, we will have to sell our bitcoin for profits, except for the wealthy who obviously has so much money that they don't need to sell, instead HODL until they shift their investment outlook.

But for majority of us average joes, it will be tempting to cash out during a bull run in the next coming years. And I'm sure most of us has some price in mind when to sell and have plans on what to do with our returns in the future. So its going to be on a case-to-case basis.

Just like other investors of bitcoin most likely selling it at higher market price would be ideal. However, it could also be done by converting it to another stable crypto like USDT. USDT is one trusted crypto in the market and has been doing good as well when converting from bitcoin to USDT coins that might be needed to buy bitcoin when needed especially when there is a chance if buying bitcoin at lower market for investment purposes.

If we holding it for a lifetime then it is literally a worthless asset because we are not going to send it right? So if there is some necessity to sell our crypto assets for some kind of betterment in our lifestyle then we shouldn't hesitate to do it.

Well, there is no necessity to boycott the cryptos even after we mdae enough money to start our dear life, I mean we can invest back some part again into cryptos which can make more profits years after again.

The problem is timing the market, when we are going to sell? Do we see the top already? So it will be difficult until it's too late. I was in the crypto sphere in 2017, prior to the bubble but I don't know if we have reach apex at almost $20k or if we can still squeeze as investors or traders or so called experts are putting a narrative of $50k tops. So I guess we really need to understand what will be the new heights of the next bull run and see how much profit you can make.

I am sure that your "sad" story in connection with holding Bitcoin is also a story of the many who shook their heads after 2017. Now, I am not so sure if the same story can be repeated this year but this is something we have to watch out for though admittedly it is so hard to decide when can be the right time to let go. As always we are greedy and we can be deceived with our perception that there can be more when the whole is already retreating back to the barracks.

For me HODL is only applicable to use in uptrend, in my own perspective; there is similarities between HODL and also trend following. A lot of people made a mistake because they keep holding even though the trend is bearish where the selling pressure is high. If you do HODL when the trend is uptrend, there is a high chance that your money will make more money. Right now I'm holding my bitcoins and I will sell it if there will be a selling sign where the chart will have a reversal signs telling that the uptrend already exhausted and the market will enter in bearish market.  We should learn from the mistakes of the others wherein a lot of people who lose their paper gains because they hold bitcoin even though its trend is bearish.

The same thing in my mind, I was hoping for a higher price in 2017 while holding a good amount of bitcoin, when it plummeted, I thought it will rise again and didn't sell, however it was a wrong decision. What happened in 2017 may be repeated again in 2021 after bitcoin reach a new ATH, at that time many people will sell out and probably institutional-investors as well. Although we don't know how much the highest price will be, therefore do not regret selling not at the peak.

Thanks for sharing the personal experience. Such missed opportunities always tug at the heart making a man feel "What could have been?". HODL is different for everyone. Its not simply about holding the "same amount of bitcoin" for lifetime. To me, HODL means always making sure that apart from other assets, you will hold bitcoin for life too, keeping it a part of your portfolio for life and not consider it as some internet fad.

This was important back when bitcoin was a novelty and seen as "free, internet money". It has come a long way since and is now a separate asset class which widens your options as a member of the global economy. You need to use it and also be a part of the ecosystem and community that recognizes and supports bitcoin. If you have option to spend using your cheaply obtained BTC stash, then as a HODLer, you can use it for your living expenses but keep replacing the BTC by spending your fiat earning.

As explained, there are more than one ways to hold. If you take profit, become successful and still keep a cold-storage, you will be a worthy of being called a HODLer. If you just sell at the top and forget all about Bitcoin and its ethos, then you are just another person who hit the lottery.

I was thinking to hold em and made more profit because i believe that by the year end there will be a miracle happens that bitcoin price will increase, im just holding my coins for something will happens or incase of emergency when somethings very bad happens you still have cash to get, We knew that bitcoin is too volatile , when you can hold your bitcoin as long as you can then you can make more profit in it but when bitcoin died then goodbye to all your money.

That's real, bitcoin's price in the market is very volatile and it takes a lot of courage for an investor to hold whenever they want.

Bitcoin is really a profitable asset when it is properly utilized or managed and patience and good decision making are keys to that.

So if you're a bitcoin investor you should know how to hold and make transactions depending on the market situation where you can help yourself grow and become successful. HODL bitcoin for life, you need to make your assets move and never waste and opportunity when bitcoin is in a positive movement.

I believe you pointed it out mate, HODL (Hold On for Dear Life) "but not for a lifetime" that was a clear message, and if you already gain some decent profit from your HODL time maybe its time to make some money to fulfill your dreams, like buying a house or establish a business that we want things like that should be considered. because we are part of the industry that everything is changing so fast thats why we cant sure how it will end. Just like you I've been stuck with some Shitcoins that give me a headache in 2018, thats why I considered things now based on reality and not on speculation and greed.

I am sure you can profit from bitcoin, especially if the bitcoin price increases to the high price. Many people will do the same as you, and I am sure that they are waiting for the next bull run to make that profit. We can hold bitcoin for some time but don't hold it for a lifetime because you will not profit from that. We should know when we can profit by selling bitcoin at a high price, and it will be no problem if you can't sell at the highest price because you still make a profit. Hold bitcoin for life, and sell when you can see the profit, but don't bitcoin for a lifetime. You can make money from selling your bitcoin after you hold for some time.

I think about holding on but not for life hold will take time to invest and hold on but if the price goes up you can sell it if you pump a little bit of your own capital because if the price goes down then you will be in danger. Bitcoin is a very good currency to hold but it is not to hold for life the demand for this currency is much higher as the price will go up after a certain period of time bitcoin will gain more popularity and business will improve in every field of business.

Well, it depends on if you need it or not. Heck, even if you don't really need it, if you want to, you can freely sell your coins, just make sure you're actually profiting off of it. It doesn't really matter at some point how much you're profiting off of it, as long as you're satisfied tbh. The matter of hodling for a lifetime isn't really realistic, and even if you were to make someone inherit your coins, it still isn't really that good imo. Bitcoin right now is a really profitable asset, but who can say that it would remain the same for the future right? Though it being a great currency wouldn't change even if we were dead tbh, but this is a matter of Bitcoin being a profitable asset instead of a currency after all.

It would be a tough choice, considering that there are only two options given as there are other factors that may influence one’s decision process. I personally prefer to hold and consider the condition I am confronting whilst selling my holdings crossed my mind. It is already imprinted in the mind of many people that the longer they hold the higher the profit. Although it is true that there is a great opportunity that can be obtained along with your holdings, it still not yet guaranteed that as time goes on its value probably decreases.

I would usually look at the charts from time to time, not just trying to be “greedy” in HODLing some Bitcoins for life. If we want to make the most out of it, let’s just sell 50% to 75% of the profit when it slightly drops from the projected resistance level. It’s gonna be a tough choice for us because the crypto market is so unpredictable these days. We may not know when will it pump or dump, because it may happen in just minutes, hours or so without warning.

It's always your choice, we are all different and have different approaches to this. I have fiat money saved up and I have income every month, so for me catching dips is not that important. Bitcoin is something I used to save money and that I know will grow over time. That time is not that important for me. It can be a 2, 3, 4 year period, but I know it will have a much higher price. I don't trust exchanges and don't move my coins around. Most of them remain on the same addresses since 2015. I have a wallet where I put my campaign profits and these money get spent whenever I need. I wouldn't expect someone poor who invests his savings in Bitcoin to be able to hold for many years and not trying to trade or gamble. The worse our situation is the more risky our approach becomes.

Of course, everyone holds for having more value at the end but you never know when to sell. If you sold all of your BTC @ATH, and after few weeks if BTC would be hitting $40k, I bet you still would regret cause you could have twice. Make plan now, when to sell. If it hits, sell it. That’s what I follow.
No one is holding for lifetime, just to inform you there are miners who never have sold their BTC. Still holding as they did. Don’t you think they will sell? They will but according to their plan, at their selling point. And so does everyone should have.

It's much more important to plan when to exit the market than when to enter. Just buying and letting it stay may not be always profitable. There's an inflation of currency that would hurt your actual profit in long run. $1 today won't be equal to $1 after 5 years. As well, Idle money itself is a loss. Your money should be able to generate you more money, for a profit or at least to retain it's value. So, hodling bitcoins should not be a 100% store and forget. You should atleast play with 50% of your coins to trade and generate profit.

I agree with you. I had about $1k in BTC when Bitcoin was $20k, and while it was not life-changing money, it could make some improvements to my life, but I did not sell anything. The price started falling, and I thought it's just going to be a tough couple of weeks after which Bitcoin will go back to ATH. Eventually I needed money and sold that portion of BTC, getting about $300 out of it, effectively losing $700 (probably the biggest loss of money of my life, come to think of it). People often hodl for too long, not really enjoying their success and their money. I think it's reckless because if you have 10 BTC but never use them, it's like you have 0 BTC. If it's a life-changing situation or something one really wants to do, I think selling (or buying the good/service directly with BTC) is the right choice.

It is all about timing, HODL is not about holding it for a long period of time. It is about combining perfect planning with perfect risk management. Will you continue to hold if you are experiencing more than -20% or more, If I have that kind of portfolio I will immediately cut it because for me there are more opportunities in the market and there is also a high probability that my losses will increase more. I actually have portfolio where my goal is to do long term with it so basically what I do there is HODL but it doesn't mean that I will hold it forever. I have now more than 80% gain in that portfolio and my plan is to tranche selling it where I will sell 10% every breakout in order for me to secure the profit.  

We perform everything to fulfill the necessities of our lives. There is no explanation to hold for a lifetime. The purpose of holding is if ever the price is too high or the price goes to a satisfaction level. There is no point in holding it if necessary.

That's a very difficult question. 

The problem is not that the price of bitcoin can fall.  The problem is, the bitcoins we own are gray bitcoins. 

Bitcoins are not fungible coins.  Regulators are not keen to ban bitcoins entirely, however they only recognize white bitcoins purchased directly from miners or purchased from official cryptocurrency exchanges (KYC, AML, etc.).

Let's say you adhere to the HODL concept.  Your country has a law that requires declaring bitcoins.  What should you do?

If you refuse to declare your bitcoins, then you are a criminal.  You have broken the laws of your country.  If you list Bitcoins on your tax return, the problems can be even worse. 

Your bitcoins are gray bitcoins.  How to prove that they were not obtained by criminal means?  Will the state be able to protect you if robbers attack you? 

These are all very difficult questions.  If the price of bitcoin continues to rise, bitcoin holders will have even more problems.

I would say that you have got just one life and if you don't use your money at the right time and it's you who should be blamed for it.
I try to save as much Satoshis as I can and at end I do save a decent amount of Satoshis after managing all my expenses.
Whenever I am in need of money and I don't find any other source then I use my btc balance and sell it for the market price.
I don't think much if the price is high or low. For me it is money and I use when I'm in need of it.

If the price is high I be happy thinking that I got a good profit for my investment.
If the price is low I be happy that someone else will get this precious bitcoins at a low price.

But not using it when you're in need for it is just waste of time, money and opportunity.

I  agreed with your reply. Hold is the main thing in crypto and we need to hold bitcoin for our beautiful life but not need to hold for life time. Lets take a look in a simple example, just think you have almost $100k  what is your life time income now you are a retired person and you Don't have any job. That means you have no income option. Now you have 2 option 1 is spending your lifetime saving amount or invest somewhere and live your life from profit. Now for investing you Will get lots of offer where has best return with more risk. And if you want to hold in bank yes you will get return but they also cut lots of fees, bank charge etc. So now if you get a option where you can hold your money and you can take profit by holding some time isn't it cool. Just follow the strategy buy bitcoin in a deep price and sell it when it goes up. That means we don't need to think that we need to hold fir life time. So now we understand that we don't need to hold for lifetime just hold for life. Thanks

Hold BTCitcoin for life, not for a lifetime, that is correct. Lifetime is an extended procedure but the hold is limited to one stage. People hold for profit but there is no profit in lifetime hold. What will happen with this hold even if he dies suddenly?
It is promising to give it up when the profit is limited. Because if you hold for a long time, you can forfeit.

Life priorities are important, if you felt that it is more important to start a business with the investment you had that is giving you a good profit then who is stopping you from booking your profit other than your greed to make more profit than what you have.
I understand the situation with bitcoin but did you invest in shitcoins after the rally, if so that was a grave mistake as i had my losses in shitcoin because i was holding them for a long time and when the market went down i was hoping that it would recover but then i had to sell everything at a minimal profit and there are some coins which is worthless now.
So everyone went through that rabbit hole and hopefully everyone had their share of experience ;D.

The HODL meme started as an argument for long-term investment, the original HODL post described how hard it can be to trade on such a volatile market, so it's better to be patient and wait for a profit, even if you think you invested in a bad time. But some people might be taking it a bit too far, they want to never sell their coins, but it's fine - why should we judge them? If the mere fact of owning Bitcoin brings some happiness or a sense of financial security, that's good too.

Of course we should hold for life and not for lifetime. As I see makes no sense to save money your entire life, because when you get an elder you will regret about this decision thinking about how many things you could have done with that money when young, however by this point it's too late.
Money is here to serve us and I think someone who holds bitcoin or any other currency for lifetime is doing exactly the opposite, in other words: serving the money.

I'm saying for years on this forum that we mustn't HODL. Money has to be in circulation and you correctly mentioned that. You hold bitcoins, had a great moment where you didn't sell because you don't know whether there will be a better moment or not and we are always looking for better ones cause we regret in future if we made a bad decision at past. You should sell bitcoin when the price was acceptable for you. That way you could start a business and then you could convert your saving into bitcoins and hold them for a long time, like some companies do nowadays: They convert their assets into bitcoin.
But it's okay, don't worry. I've sold so many bitcoins in past, if I had them, I would be a billionaire right now but... You know one man bought pizza for 15 000 bitcoins. That's okay man and it's even logical, no one knew what would happen around it, no one, even 1K was an unbelievable barrier.

HODLing is important and I love the term because it's so simple and meaningful at the same time.

We shouldn't keep doing it for lifetime as the purpose of every investment is to profit. A profit doesn't mean anything when you cannot use it to make your life better.

What are you going to do with your millions in bitcoin when you're 70 years old?

Bitcoin fluctuations are difficult to predict, the risk of bitcoin is big profits or big losses if we predict wrongly.  and I accept all that risk in the crypto world.  and in my opinion, take your profit from your capital.  so it's not hold forever.  I am worried that Bitcoin will fall dramatically, and it will take a very long time for the market to consolidate.

Yea, hold bitcoin is recommendable specially this time where it is showing a kind of good resistance to increase. The possible to surge is there so selling btc now is a bad idea. For me the best thing to do now is to buy more bitcoin and hold until the time of bullish. Bitcoin is good investment for the future because this coin is potential and surely will recover from bearish.

HODL Until you get your desired price. That way, you'll minimized your greed and expectations like what happened to you, you probably hold because you didn't set a reasonable price and you expect too much which turns out to be a disappointment.

no HODL takes a lifetime. but HODL for life is the best choice. That is to hold onto the peak and sell it. then wait for the fall to re-buy. however, poor management and unstable emotional control will make many missed opportunities. As happened to you, even me too. for being greedy and hoping to be bigger for my fund. with the end is regret. for not taking the opportunity in 2017 to take profit. then trade with shitcoin which only reduces funds. I hope today's opportunity is HODL for Life.

Every hodl should be ended sooner or later If you need money right now could be a good time to exit. We need to spend our crypto savings one day to get profit

In January 2018, I didn't sell bitcoins for Tether (usdt) because I didn't believe in usdt.  I thought the chances of Usdt being cheated are pretty high.  I was wrong - usdt still exists. 

Of course, it would be nice to sell Bitcoin for $ 19,000 and then buy for $ 3,500. 

There was a bear market in 2018-2019.  However, even then, it was possible to increase the number of bitcoins (by trading paired with altcoins).  For example, in the spring of 2018, the price of the altcoin EOS reached $ 20 (which is an all-time high if we count its price in BTC).  In 2018, Binance became the leading cryptocurrency exchange (previously Bitfinex and Bittrex were the leading exchanges).  This circumstance led to the success of the BNB token.

The combination of the HODL strategy and speculation in altcoins has brought good profits.

business outside crypto is important for all of us not only for you because we never know what will happen in the price of crypto but we can worry less when we know that we still have another business and we are secured . why need to stay hodl when you badly need that business your planning and whats worst with you is that you end up selling your btc for shitcoins . it wouldnt be that bad if you continue hodling alone because you still have a chance to regain what you lost and that was this time because btc is now heading back again at 18k usd .

Hold bitcoin for life indeed. It would be worthless if we don't use that bitcoin for any purposes.

But first, we need to win our greed. The dream of becoming wealthy always haunts us and it makes us more and more oblivious. We need to see through the shadow in order to see our true purpose, what we truly need. By that, we can defeat the demon lying inside each of us.

I was also a bitcoin holder in 2015-2017. During that time, I turn my $1000 into $100000. 100x is an outstanding number but I was blind  :'( I wanted more and nothing could stop me. Then, I lost a huge amount of money and became depressed for many years. Thank god I escaped from this negative emotion

We all have different plans for life and way of holding maybe for everyone they like HODL for a lifetime and there are some who HODL for life. In my case, I choose to HODL for life simply because I want to spend my hard-earned profit for myself and my family. I know if I choose to HODL for a lifetime my children could inherit it but for me, I still want to felt it. That is one of the reasons why I entered this industry to please myself and don't have any regret. I dreamed of having a luxurious life someday, so yeah I choose to HODL for life.

I can assess myself as a holder but not for a lifetime holder. I'd rather have to consider the market situation and not to miss good opportunities.
That 2017 gives me a lot of learning that being a greedy person is not really good and it is very important to know about being contended to something.

I bought Bitcoin at $9k plus, but I sell it when it reaches to $12k. Maybe it could be at the wrong timing since the price keeps climbing high and even reaches to $16k but I feel no regrets because I'm still making a good profit.

But don't be greedy to expect to make more profit because you can not always have that chance.
As long as you can see the high price and that price can be double or triple than the price you bought, you can sell it and wait for another dump because after the price reaches the peak, the price will go down.
Sometimes, the price will drop too deep, so you can have a chance to buy more amount than you buy before.
Disappointed and the other bad feeling will come to you if you don't sell the coin at a high price because you hold it for more and don't accept the current high price.
That will always happen to all traders, but only a trader who can know how much profit he can take will close his trading and sell at a high price.

He was enjoying his whiskey while making the HODL post and it was a good fun rant when the market went down :D.

The expectations for every investor is different and you cannot blame anyone for their choice, no one will be holding the coins forever even if you are the top advocate, you will end up booking your profit in the next rally or when the coins reach the insane valuation that particular investor is looking for.

i completely agree with you, hodl for dear life and not for a life time, and i resonate with your 2017 experience because i was in same dream land thinking it will go even higher, in my case i was holding some alts that did really well back in 2017, i was too greedy or too stupid to sell, or perhaps i was fascinated with the size of my wallet that i forgot to do the important thing ;D, anyways all in the past now,  it is important for us to know and recognize the right time to sell and stop being a life time holder.

Being a lifelong holder will be in vain because no transactions will be made, profit can be taken. Being a good holder certainly has a predetermined target price. Selling part of it and then buying it again would be better because there will be a profit.

Selling at the highest price is certainly the best point, but we also have to have a sense of complacency with the benefits that have been obtained, if you sell too early then that's what you get. Don't be sorry and don't be too greedy.

Just Hold for life because for me holding bitcoin has a limitation and timeframe where you will be able to sell it to gain profit. When you say hold for lifetime , it means you will just hold it and there's no plan to sell. Bitcoin price is very volatile and not stable which means you need to buy when the price is low and hold it until the price go up and take your profit. Then after that you are going to buy again in deep then hold again. This is just a cycle.

I also agree that it shouldn't be for a lifetime we need to focus on otherthings as well just like you if you have started a business in real life it could have changed a lot.
I was planning to have a business as well but due to some circumstance I couldn't open my own business but I hope when things got better we could achieve our own goals.

We do commit mistakes and its just normal on missing out these kind of opportunities on where we can really changed up ourlives because of the profits that we had made.
Same thing that happened to me where i do have some alts in my stash and did pump on that year 2017 where i do wait up for more pumps and ending up on cashing or
converting it out almost into nothing value and that even do reminds me on how stupid and greedy i am into those days if i were able to make some selling into those days
then i might already have some good real life business at the moment since that amount is already too big for me to start.Well, shit happens and we should really learn
up from our mistakes.

In my opinion, the consensus is that of a HODLing position. If you can hold and hold for as long as you can, unless life throws you down. With so many indicators around we have seen that year on year BTC has provided nothing but an upwards trend.

Take this and apply it to a market visible in the next 5 years and that investment if you managed to HODL would have made you more than any other "passive investment" could ever make you.

It really is that simple.

I agree on this, being just a holder require less skill than trader but it does not end there, being a holder also requires the capability of knowing when to jump in and out, thus giving every holder to maximize profit from merely buying and selling at the perfect time. Having a target price is a must, not just "I'll sell when it increases" specific target price gives you an ease of mind or giving a kind of regret.

Uncertainty with crypto is our biggest enemy, timing is crucial during the bull run, better to sell at your satisfaction, don't run for more, be safe!

Hodl for life of course. I HODL bitcoins again for somehow a year now and I have the same experience of you hodling up too much and regretted it. I treated hodling a bitcoin as an investment because I believe that bitcoin worth will be precious in the later years but we should be definitely HODL smart and manage the bitcoin we are hodling. I hodl bitcoin for the profit I can make in it and losing the opportunity in making its money is a regrettable decision I made on the last ATH.

This type of investment strategy I think, suits well with assets such as gold having a more stable and more consistent market price increase over the years. I do understand his point such that the market price is unpredictable and even if we are somehow being able to draw patterns of this market behavior perhaps the price will fall and eventually recover--mentality, bottomline is lack of certainty right? It is believed to have a recovery after a downfall but who knows when will such thing occur. So maybe he is pointing out matters of less risky profit.

Your statement of holding for a lifetime contradicts your idea of buying during the low times and selling at high times. You should Address it in such way that there will be good times to sell, and holding alone will not give you profit. This is the mistake of some investors; the price is already "high" to the point that selling as this early won't make you regret doing so, but they will rather hold-still anticipating bigger profit, then correction will occur in a sudden. They will be left nothing to do but to again wait for another market price increase which is uncertain on its occurrence.

HODL for Life I guess. As an individual, you must do assess if you will keep on HODLing or you must move forward by selling some of your holdings for a better cause. Yes, holding is very beneficial for Bitcoin do have unexpected bumps or rises but still you must be able to assess on yourself whether you will keep on doing that or you seek better opportunity by selling some and put it like into essential and worthy things such as funding a business where you can gain and earn a profit which is also your aim upon holding your Bitcoin. Do not sell all if you are wondering of the what ifs within your mind. It is just that you must think of alternative ways on how you can be able to manage dealing with the situation and assessing and analysing it properly so that you will not be left behind having regrets. It is just fine to HODL but not for a lifetime situation for you can be missing out other and better opportunities you can have while waiting for the bump of Bitcoin to happen. Imagine the span of years you have been waiting if we would think of it if you have hold from year 2017 up to the early months of this year. Better have back up plans and manage your funds on things that can also make you beneficial.

We should HODL for life, bitcoin will still give you another opportunity in the next bull run. Let's be practical on this, if you think that your money was doubled or tripled, and it will give you a good life, then it's enough already and sell it. The 2017 bull run serves as a lesson for us that we shouldn't be greedy and be more practical since it's an investment. I'm investing in bitcoin because I want to make a profit on it, and setting up a target price would be also good. Always check daily if you will still go on or if it's too much already, you're the only one who can assess it since only you know how much you've invested.

It depends on the status and value of your investment in your life. If you'll be needing your profit in just a short period of time, then just set a certain goal. If it's your lifetime investment then hodl it for a lifetime and reap what you sow in the future. It's a case to case basis and you could only decide for yourself because your decision will rely on your status.

So basically you're advising for profit to be secured when the opportunity presents itself, it's not a totally bad idea but knowing when to execute this task is where there's a problem as you would never know what'll happen next in the market, we can only speculate. The key point here would be to do whatever suits you and be ready to leave with whatever decision you take.

If you're to sell and miss out in the future gains basically you didn't miss but you won't be able to forgive yourself when you see the opportunity you missed because you weren't patience enough.

There's a strategy I read about that can be used for my investing, in which the investor would have different bags like one for taking profit and a bag for holding probably lifetime.

What is keeping Bitcoin for when we can sell them to reap the profits it brings? I believe that in any investment there must be profit and stop loss. In fact, we can take risks in life and we need to withdraw real-life investment money.

Everyone chooses his own strategy and of course according to his requests to his life and his aims or desires. Someone needs money just right now and that is why yhey are in a hurry to get rapid income, someone wants to play for long and is waiting years in order to get more. But as the practice of the 2017 showed us, it is better to HODL for life, because in this case you have the chance to get good income for life in general and for everyday needs well. May be not at once, but after some time you will definitely appreciate it. Personally for me 2017 was a year of losses. Nowadays my thoughts about investing changed a lot after that.

each person has their own goals, if your goal is to invest in the long term,
then maybe bitcoin will be a lifetime for a person himself, because he believes in bitcoin for lifetime,
but if you look at Bitcoin just to look for luck I'm sure bitcoin will be for life,

in my opinion, HODL should be until the bitcoin price continues to rise and if there is a decline in bitcoin prices, we should immediately sell bitcoin for our needs in the real world. if HODL is for life, so when will we enjoy the results of investing in bitcoin, in my opinion it is the right time to enjoy the results of the bitcoin we have.

People have their own target price to sell, so they still hold it until they see that price. But yes, I think we can sell bitcoin at the high price and buy back more bitcoin when the price is down because that can give us more amount of bitcoin that we already sold before. If we can have more amount of bitcoin than before, we can have a chance to make a bigger profit, and if we can do that continuously, the profit will be bigger.

When I get Bitcoin from my work from this forum, I try to survive as long as possible to reach the target I want, but what happens I sell it for my living needs,
So all I do is hold back the necessities of life,
not hold back for a lifetime,

HODLing should also depend on the situation of the user. Most users are only using this Cryptocurrency Industry as another source of income but for some, it is their job. HODLing for Lifetime is not logical since nobody got time to do everything till their old so it would be useful for them to get their money anytime they want to use it since values can either rise or drop.

Definitely hodling term of bitcoin or even litecoin of an investors and traders were depend upon the urgency of needs or situation of a user. Cryptocurrency has a lot of perspective use but as of the meantime this was being uses as a part time source of income of some of us here. Sometimes hodling were not advisable if the chance of trading in the market were absolutely good for trading. And also, personally i didn't hodl litecoin for long time, i would prefer bitcoin for a long term investment.

This is also good, sell it when you needed it the most especially to survive for our daily needs. The problem is some people do not know when to sell and don't have the target price in selling their asset. This happens in me way back when btc was in bull run before I wasn't able to sell that time because of the hopes to earn more profit. So hold bitcoin for life and set a goal on your asset on when to sell to earn profit, as greed may cause of losing money.

If in my opinion it depends on your needs, if the money you use to buy bitcoin is money that will meet your needs then don't HODL for life, sell if you are profitable.  different from the unused money you can HODL for life, just think of it as old age savings.

To decide, you need to determine your investment term, long term or short term
both have their respective advantages and it also depends on how much free time you have
if you get money only from cryptocurrency you will definitely use short-term options and can simultaneously use long-term options to gain bigger profits

Hodling your coins for lifetime doesn't make any sense at all. We earned those coins to be spend on something worthy of it, we just hodl it because we're not happy of its price and waiting for it to pump and sell it. We can't take our money with us when we die, it will remains in our cryptocurrency wallet and will be lost forever if will not be use. So why save crypto if you're not gonna use it.

While hodling your coins, it's important to check its updates because it might get burned or delisted in exchangers forever, if that happens, it's also like hodling your coins for lifetime.

In my situation I would hodl (for life), like the others have said it doesn't hurt to sell them at a profit then go back after several months since we know the price won't always stay that high. Even if you miss the opportunity to get back in there's always an option to wait longer. For me it's always better to convert some profit since i've missed out on a good opportunity back then.

We are the small fish now, we cannot even expect and understand the magnitude of the next big bitcoin bull run. Big names and big guys are leading the show now. Holding the keys to our treasure becomes an everyday endeavor. Try to think about a strategy, stay humble and don't play with the professionals or you will get rekt.

I think it has a good implication of the title of the topic itself. Holding btc for a lifetime or for life. I guess it make sense and I get the idea too of btc until gets old and then passes it as a inheritance would be the most beautiful thing that could happen that could be receive by the next generation of the family. Who knows that bitcoin that time will be so much valuable from investing now @ 17K $ then after such long time like 20 years from now bitcoin will be worth 100k$.

Do not forget to sell your bitcoin, especially at a price now, because the price can increase so high in a few weeks. Maybe you can make a target sell price and place your order sell at the exchange, so you won't miss the chance to sell the bitcoin. We never know when the bitcoin price will stay at the top price and down to the lower price. Finally, the price now is back to $18k, and we maybe see another highest price this week.

Hahahaa .... maybe not, I have a few other coins that I will be selling for now.
And I'm not going to sell bitcoins right now, because I have a prediction that the price will continue to go up ....
But, thanks for reminding me

It should be 'Hodl for life' and not for a lifetime ;D :D. When I see people saying that they are going to hold for a lifetime I find it funny; and what I mean by finding it funny is that none of those people are practicing what they preach, they are just doing it to hype Bitcoin and convince others to keep holding when they are doing another thing.

I have also seen people that say they are going to hold their Bitcoin until it reaches $100,000. LOL that’s the real definition of greediness, seriously, these people are making it seem like they are die-hard, but they are just being greedy.

Bitcoin is good, but you should as well consider other things, when you invest and get money you should use the money to invest in other businesses and then if you get a lot of money from those, you can then invest back more in bitcoin.

Everyone should be aware and updated on what is happening when they have holdings, because a bull run may happen any time and dumping also happens any time, we all know that because the nature of cryptocurrency is the changing of value as time passes by, the volatility that we say, it is passive. So the plan to hold it for a lifetime is not good, because as you can see as of now the price of bitcoin rises up and continuously rising up, this is the right time to sell you holdings but still, there is a possibility that it will continue to rise up, it's your choice by the way.

Since we switch to pandemic where many businesses collapsed and other cryptocurrencies reduce in price in the market that is making many crypto investors think that crypto will not rise before 2021.many crypto users are still holding their coins base on the deflation many of the users are experiencing in the market, since we enter pandemic which is is making bitcoin to increase . According to some researcher crypto is preparing to improve in rising like bitcoin, that will make many  investors still have hope with their coin they are holding for a long time.

TBH never again I will hodl all my assets. Should've sold part of my BTC at 2018 ATH, but as it's nicely put above, greed got the best of me. I still hodl and have some untouchable funds, but a big chunk of my BTC was cashed out at $17k

You should really have that target or goal because chances for you to sell doesnt really come often so its better to secure profits and dont waste up the chance on where the market
is giving on you.We should not have that kind of mindset on holding life forever because it is much wiser to do if we do sell for sometime if we do saw that we are already on greens.
Dont waste up chances to make money on shorter duration because it is much more better compared if you do held up for too long but only gaining some percentage amount
which is lesser if you have done selling a bit earlier on active manner and also we do have different needs in life and situation which means if we do need to sell then we must
do it without any hesitation.

I do agree, their practice is exactly the opposite of what they are doing. They convince other people to keep on holding while they already do things like selling their bitcoin or what.

I think this does not define greediness, it is just they are hoping too much. Most of the time, they keep on telling that after this date the price of bitcoin would be this high which is exactly not easy to achieve a high price.
Yes, like considering to put up your own business to have a passive income or investing back to bitcoin and not just buying things you do not need. Instead of circulating the money and have more money, you end up losing all the money you have.

That is great. You can expect to make a profit from the other coins. But for bitcoin, you can sell it or hold it for the next high price so that you can make a bigger profit. It needs patient and calms down to wait for the high price.


Yes, you are right. The down already happened yesterday, and today, the price increases again. But bitcoin price will go up and touch the high price, and maybe that can break $19k as we already have seen $18k before. Holding bitcoin will not be a problem, but we need to know when to sell, and hopefully, when we sell our bitcoin, we can sell it at a high price.

Why would we even hold it for a life time?
We are buying it to use it in a certain time to take our profit or until we had enough.
What's the use of holding it for a life time are you buying it now so that your grand kids could use it?
I think no one have this kind of plan right now unless you are old enough and wants to make sure your family could live a good life with it.

I really got you point. I think it is still good to hodl but we should also study the prices, if we know that we can have an income for selling it I think we should also consider selling it. I am not telling all but at least half of it I think and half of it will be your long term investment , at least you won't regret that you didn't sell when the price was really right to sell.  Hodl for life would be my answer I guess.

I agree, we hold bitcoin just for life and not for lifetime because we still need to sell bitcoin that we have in order to live. Only those person who died and didn't pass their bitcoin to their family will hold it for lifetime because nobody can access their bitcoin forever unless their is a hacker that can hack their account.

There are certain favorable conditions for each investment that can be used to maximize investment success. The decision to hold the assets or shares in the hope of future profits is positive but the potentiality of the asset must be considered. On the same, holding Bitcoin is a good decision, but its future market analysis must be considered. When the market price reaches a peak, it may be a better decision to sell Bitcoin and wait for a repurchase. However, in this case, the subject of market analysis has to be done properly, but more will be possible to achieve.

I think as follows:

when someone buys bitcoin and earns bitcoin that person must set a price target where he will sell, it is not possible for the person to simply say: "I will do HODL..." and do not know when he will sell.

Today the price may be $18,000, 4 years from now $100,000, but the person may not have the same health or lifestyle in 4 years, for that reason it is necessary to set a price target to sell

There crypto market cost is actually unstable, in this way, holding will grant you nothing. Holding alone isn't enough. In the event that you're pointing for benefit, you should know when to hold and once you will offer your possessions. Profound showcase investigation hence is additionally required. The market esteem will not persistently increment as months or a long time is passing by. There will be era wherein the showcase is moo, which are moreover times wherein contributing could be a great thing.

HODL lifetime! so when will you enjoy your Bitcoin...
Human lifespan is very short and we don't know when it will end so it's not good too long HODL. I am not a long holder because of my heavy needs and I am also a trader. opening a real side business or investing in real estate other than focusing on Bitcoin is wise.

Well in my case I will hold and sell if the right time comes. We are investing to gain from it thus if we hold for lifetime we are letting to passed by the opportunity to take profit if the market is in bull.

Thats why im investing with plan on when to take profit, my strategy to use and a set target price to let go my bitcoin. Then buy back once the market turn bearish again, this way I can maximize my profit as long as I have patience to wait. Of course there are times that im greedy to earn more but we dont know whats ahead so better focus to the current status of your investment because its a certain profit that you can get now.

it is totally fine to hold bitcoins for life but for me it is situational. If you are holding large quantity of bitcoin you may hold it knowledgeably , maybe after years bitcoin will still be dominant in crypto currency. Even if i have more bitcoin if bitcoin price reaches $50000 i will probably sold it. Just i say its just situational to hold bitcoin depends on how you think most importantly you can gain profit from it.

You touched on a good topic. Bitcoin is not just an investment to buy and sell to earn more. It is a means of payment, a store of value. So it doesn't have to be a lifetime. Nothing is for life anyway. Think of it as an asset you can spend in an important case that needs to be spent. Your investment in Bitcoins can instantly make you wealthy. But you mustn't push yourself financially. When you see that the asset has the potential to increase in price, you can buy it and sell it when it is really necessary for you and when you think that this increase is enough for you.  ;)

Fair Hold for life since for me holding bitcoin incorporates a confinement and time allotment where you'll be able to offer it to gain benefit. After you say hold for lifetime , it implies you may just hold it and there's no arrange to offer. Bitcoin cost is exceptionally unstable and not steady which implies you would like to purchase when the cost is moo and hold it until the cost go up and take your benefit. At that point after merely are progressing to purchase once more in profound at that point hold once more for long run.

OP is emphasizing that holding can't be done forever. We can make some arrangement to sell it even in a few days pass after buying if the market price is enough for us to give returns. Because one reason why people are holding Bitcoin is to make money from it, not like a souvenir.

We able to see that Bitcoin price is unstable and that simply tells holding is not measurable as well, gonna be just days, weeks, months, or years, depending on the market flow and the person who is holding. I'll do the hold but anytime, I'll be selling them as well.

Sometimes, most Bitcoin holders are getting greedy to see the drastic increase of Bitcoin, so they want maximum profit. So often don't take profit
when Bitcoin prices are at their peak, preferring HODL, because they think Bitcoin will still continue to rise. Even though we must have the courage
to take profit if the Bitcoin price increase is too high, so it will not eliminate the opportunity to get profit. Because if you are successful in taking profit,
you will definitely have the opportunity to buy Bitcoin again when the price drops.

HODL for Life, wiser and fewer risks.
Besides, how can we only hold our assets for a lifetime? If we only hold it means that we only keep it, how if the value is down?
I personally prefer to choose hold for life with the target. The target itself may be different, for the short or long term. But for the long term itself, I probably will only keep maximally in 5 years (of course selling the coin when the price is much higher)/ or even when the target has been reached.

I invested in cryptocurrency for the first time in 2014 and I still having a majority of my coins from that time lying in my wallet even now. I don't believe in selling the coins all at once. With all of my investments, I have applied a gradual profit booking strategy, by selling small amounts at regular intervals. And for me, this strategy has worked really well. Prevents from incurring heavy losses when the prices go down, and at the same time provides enough cash in hand to take care of the monthly expenses.

Yeah, that's true, we should hold for our dear life and not for a lifetime, many people think that bitcoin could reach more and more even though the money they have is already enough for having a business which is what we reed in our life so that when we reach a 60-year-old or age of retirement we have the business that could support us. We should think of our future, if we see a good opportunity then do not hesitate to grab it.

You nailed but I don't literally take the word actually.

When you say HODL or hold for dear life, that doesn't mean you will really hold until you die, that's wrong, a person who have enjoyed his holding will eventually sell his bitcoin to gain profit from it, otherwise you'll not enjoy the value of your money.

That's true. Unless Bitcoin is widely being used as a currency, there is no point in keeping it till the end of your life. At some point, you need to convert your non-liquid investments such as Bitcoin to liquid cash. And with a highly volatile asset such as Bitcoin, you need to be very careful when you intend to do profit booking. Selling your coins at the wrong point, or selling the wrong proportion can cause a lot of regret later.

That said, I have seen some posts here from users claiming that they will pass on the coins to their children. Nothing wrong with that. But even in that case, the cycle is not going to continue endlessly for ever. At some point the conversion to fiat cash would occur.

I have thought with my bitcoin HODL for Life for the education of my youngest nephews.
Although if I decided to have my own business also HODL for Life bitcoin because I would be giving use cases to the coin.
Let's take as an example that there are of course many who decided to join bitcoin, Tahinis Restaurants in London Ontario Canada.

https://twitter.com/TheRealTahinis/status/1295770434349281281?s=19 (https://twitter.com/TheRealTahinis/status/1295770434349281281?s=19)

True. I would rather say HODL till you reach your goals. I have seen people who has been holding forever, not wanted to cash in their profit when they have already made enough. But when the price starts crashing, they start regretting. They miss their opportunity to sell high and then buy back when it is low. Though I wouldn't blame them. No one knows what is going to happen to the price next (hence setting a profit goal is the best thing to do!).
As I guess those who HODL for life are the ones who really don't care of the profits or don't need the money they have invested and can afford the loss if they face any.

Lol you should hold for dear life and not hold for a lifetime. If you’re going to be holding for a lifetime, then what’s the need it for it, unless you’re planning to pass it over to your next generation so that when you’re no more they will be the ones that will sell it and then use it to start up whatever business they want to?

You made a really huge mistake, because selling your coins and using the money to start a real good business would have been a better choice to make. With the business you can make more money, grow your business and still have more money left to invest back in Bitcoin if you want.

That is what I do as per the advice of my friends who have been on the cryptocurrency scene since 2015, they knew better since they experienced the low price of bitcoin back then. The problem with those people is that, X amount of money is not enough for them so they want to go for more being trapped in the paradox of missing out on eventual increase in the prices when in reality those prices that they have been waiting for has been dangling on their faces all this time.

Hold for dear life not life time. Money is just for luxurious life. If we didn't got benefit from bitcoin question is for whom we are earning?
My holding bitcoin strategies is that i make an idea before buying and fix a price for withdraw. When butcoin price reaches i instantly withdraw it. I didn't care of of ita price will pump more.
This is why ?
Answer is i hold bitcoin for dear life not for lifetime

What do we hold for life? of course our goal is only to get money !! I think when there is an opportunity to sell bitcoin at a high price and buy at a low price. that's enough

Thank you for sharing your experience mate and hopefully a lot who read your message will learn something from it.

I agree on what you said and also disagree at some points: Agree, to the fact that yes, when you are in the investment sector, always be futuristic and goal-oriented. Always account the idea of selling and not being greedy because this habit if not controlled will be your complete enemy & demise. In terms of being goal-oriented, don't focus on what price is it now, but focus on what your targets are that you invest in the first place. This will give you an idea and control not to be greedy that if ever you already hit your target, then stop. The fact that you saw the price continue go up and sold already and still enter the market (technically in FOMO), then you completely tag yourself as a greedy one.

Always put a money that you are willing to lose. In everything you do, there will always be risks.

I guess we only hold bitcoin as long as we earn decent money and sell it when the price is high which the opportunity of each and everyone here is waiting for. During the ATH last month, many investors and bitcoin users have sold their coins as it reached the 40k$ mark which is the most profitable. And, If I am right, many people are expecting for bitcoin to dump more for them to invest which the most common way, Buy LOW, Sell HIGH.

---

As for answering the OP, I'd rather hold for life up until I earn my way to a decent passive earning business that will support my needs, future and some of my wants. But I'm not saying that I'm quitting on crypto especially at bitcoin rather I would still continue doing what I'm doing and only sell the amount that I need. Anyway, I still think the bitcoin is the future and leaving it will be my biggest regret if I ever do.

You are saying right mate!. We should use bitcoin for trading. We must keep the bitcoin for a long term investment. But leaving it for life is the wrong way to go.
We should trade in bitcoin so that we can benefit and miners of bitcoin as well.

Most of us would probably hold bitcoin for a long time and probably a lot of users here would believe that the bitcoin market price will continue to pump in the coming years.

I mean it would still hurt when you sell your bitcoin early and then the price pump after 2-5 years it would still feel like you lose some profit, I think the best method is just to sell a small portion every time the price pump.

With that, you still have bitcoin in the coming years as an investment and you never know you could die and never spend your bitcoin may be for your family but treating yourself is still important.

surely that will happen because indeed bitcoin is a long-term investment, although lately it has also penetrated into a short-term investment. theoretically will hold bitcoin but we know that early last year the world was rocked by a pandemic, may no longer hold because it was released for other purposes.

yes, many are disappointed because they know that currently the price of bitcoin is very high and they sell when the price is still low, but as I said above, there is no choice because necessity is also very important during a pandemic. perhaps those who still hold onto those who are not in trouble.

what you are saying is a very wise solution, if you want to sell a little from when the price increases, and you can continue to hold bitcoin. Of course that is the correct theory if it can be applied if the pandemic did not strike last year.

your a verry good guy because you are not solely holding btc to earn a profit for your own good but you are also thinking of the future of your nephews .

education is long especially if your nephews are still young therfor it needs a solid holding of bitcoins because you are aiming for a big profits to support your nephews education in the long run . its also nice that you want to use btc in your btc but what kind of business would that be ?

For life obviously.

I am not saving my cryptocurrencies for my family or my children since I have my job salary for that. I am saving cryptocurrencies because I want to and to be able to use them in the future. If I will be saving it for my lifetime, then I would be really uncertain since I never know the span of my lifetime, I will not be able to enjoy that profits, it is not worth it.

It sounds easy and possible, but it's really hard in practice because all investors are in for long term investment but are looking for periodic returns instead. The value of bitcoin dropped so drastically, particularly during the last bear market, that users began to assume it would go to zero and we had so many negative bitcoin articles that made it really hard at that time to hold on bitcoin. Now people will not repeat the same mistake and kudos to those who, during the bearish market, managed to hold on to their investment.

Dear sir I have a  practical expariance same to you i enter the market fast time this time BTC was 3200$.I have invest some money for hold BTC Long time but my close friend tell me give me your money i will do trade and give you some profit.I have no idea about BTC this time i have give my all of money that was price .50 BTC. After some day i feel need my money But my friend  Betrayed faith with me.and loss my all of money.so i will give you suggest some cash and some investment can do every one if have any problem you can face the problem with your cash.

Actually HODL for long run of bitcoin or indeed litecoin of an financial specialists and dealers were depend upon the direness of needs or circumstance of a client. Cryptocurrency contains a part of point of view utilize but as of the interim this was being employments as a portion time source of wage of a few of us here. Some of the time hodling were not prudent in case the chance of exchanging within the advertise were completely great for exchanging. Conjointly , actually i didn't hodl litecoin for long time, i would incline toward bitcoin for a long term venture.

In my opinion, I’d HODL for life but not for a lifetime. I already put my mindset that whenever my holdings reach a certain goal I either decide to sell some of them or hodl again for like 4-5years and see where it goes from there. I even  withdrew some of my holdings last 2017 because I needed to start a business and paid my daughters high school tuition too; so its a life to me not for lifetime.

Well, we have different perspectives in terms of investment. Some of them or us would like to just invest a low market amount and wait for a long time and if they think they already made a profit they pulled it out without hesitation again the market is volatile anything can happen in just a single day or weeks. Few of us wants to hodl their coin because they trust those to earn more profit once they keep those coins this kind of people tests their selves on the things that happen on their investment. You can hold it for over a year we all know that every halving there is something that happens on the coin which is the pump for years and an accurate amount of earnings.

in the past i made 2 mistakes - didn't sell at 2017 end and hold too much altcoins. now I am 100% in BTC. Also I will stick to my plan no matter wrong or right it will be. will sell all at 100K hoping to buy back later at 25-30K. we don't know what the future brings for us but have to stick to the most probable scenario. even if it is not the best decision sticking to a plan will not hurt that much in case you lose some money. by the way it seems climbing to new ATH may have started today.

HODL bitcoin for life is just like holding bitcoin to have a better life not just hold bitcoin for lifetime. If you hold bitcoin for lifetime and treat it as a gold that every century the price is going to up in which it is because of the authenticity of the gold but bitcoin is not the same as we are thinking, bitcoin is very volatile in which it may go up or go down in just blink of an eye so what we need to do is to just hodl our coins and pull out when we feel that we get our profit already.

Yes, you are right. As more and more people see the foundations and returns of Bitcoin and especially, Blockchain technology, it will be used not only for investment but as the most convenient payment method in the near future.

I actually do much prefer trading than holding specially with some altcoins as its volatile, you earn from its volatility

Yes, there is difference between gold and bitcoin. By the time we need to think about an that can change the life of our generation. With Bitcoin everything is upon trust, but at times the market volatility stands as a big question on lifetime holding. However as we leave behind our earnings for our generation, leaving bitcoin will also serve to be an investment. Maybe right now it doesn't look promising, but when things go mainstream the scenario differs.

If in your whole time in Bitcoin you've only made 2 mistakes, you're one of the really lucky few to have mistakes you can count on one hand.

Besides, your 2017 "mistake" is now worth 250% of what it was then, at the very least. Shall we now narrow down your mistakes to the sole one (holding altcoins?).

Mind you, all these "hope to buy back later" could be your biggest mistake. Aim for an exit regardless of market situation. That means two exits: take profit and stop loss.

Yes it should be HODL for life not a lifetime,
We should sell it for our needs that is why I am investing and saving in Bitcoin to use it whenever I need it and to gain profit by holding my savings.

Im absolutely agree with your topic title, yes we need to use our money in our life, because the reason why we all want to earn money is yo support our all needs, and family needs so if you're going to hold your bitcoin for life, what the use of it? Having more money without using it and enjoying it is nothing and that is silly.

We want to earn money in this owrld to enjoy  the life of being human, not to hold that money for lifetime.

Thats true, We have to hodl for life and not for a lifetime. If we are going to invest or hold bitcoin then we have to set a value of bitcoin before we pull it out so we could expect how much interest we could gain from that. Set the value in possibility, if you think that your profit is already enough for you to create a business and save money in the future then I think that is the right time to take all of your investment. We hodl for the future, to earn money and have a stable life and not to hold it forever. Remember that there is always a bad thing that could happen to everyone, we should be aware of that.

That's why I hodl bitcoin and some other coins on my ownr and trust wallets. Of course, I do trading every day. But hodl for me is like a way to earn my retirement.

This is what im doing when i do saw opportunities in front of me or simply when i do see gains or profits then i do immediately sell and i do only hold not tending for lifetime but waiting
for a specific time for me to do so.

Im not that rich or does hold lots which means i do need to utilize the movement of this market for me to make money.Im not depending on it though but its really a good add up
on using it on some expenses.

As long it do able to help me to sustain then i would definitely continue on what im doing.

In investment circles, there are techniques to prevent such unexpected losses and to take care of volatility. One option is to go for a SIP (Systematic Investment Plan). You can purchase or sell a certain number of coins every month. If you want to increase your holdings, then you can go for a certain amount, say $100 per month. So you will purchase more coins when the prices are low and less coins when the prices are high. Similarly, the same can be done for selling as well. You can sell a certain amount of coins every month, which will act as a buffer against extreme volatility.

Many people could've taken advantage of the price around <45k. It's not the solid floor and it could go way below lesser than that.
Seems like this price range we got which is between 45k and 50k is a bit day tradeable.
Longer-term profits isn't yet showing its signs right now but I know we're gonna retake >50k price. This'll be like dreaming again the 20k back in 2017 but barely managed then suddenly it went higher than that.

Few days passed it did able to hit $50k+ more but it did suddenly goes down in a short time going back to 47k as of this writing and we are really playing off with these levels.

For those who do love to scalp then these movements would be the best recipes for them to do so, next movement is unpredictable even if you do put up lots of technicals along the line.

Minimal movements does neither indicate a possible bearish move or a pump.Its really hard to consider or to know on what would be the next movement in next minute,hour,day or month or years.

I understand the kind of problem you are facing and I believe when it comes to cryptocurrency the best thing you have to do is always holding, the best thing you should do whenever you are holding a very good coin is to hold and make a maximum profit in the future but I believe whenever you are holding always know when to exit the market. Whenever you are holding a coin if you are already in profit and you are expecting a dump the only thing you can do is to sell and wait after the dump to buy more you don't have to be greedy always know when to sell off a coin and know when you will enter the market back. You don't just have to be holding a coin even when you are suppose to take your profit and wait for another dump to enter the market again. And before buying any coin always make sure you do your research first before investing in any coin, make sure you are buying a very good coin with future to avoid your money being Stable or lose of money.

i agree with you . it happened to me.i think all bitcoin holder when earn 2X or 3X profit so sell their token .my luck also bad .i buy btc 2018 and sell 2020 earn some amount .not think about big profit. because bitcoin price any time dump  so much. i told you hold your bitcoin for good pump,not lifetime.it,s just my opinion.

You should do both!! HODL for life while spending your bitcoin on your life! IT is a currency as is meant to be spent. Enjoy it when you know the price is up high and don't sell or spend it when you feel the price is undervalued. This is really the best advice I can give.

This is also why crypto that is backed by more than just itself and the blockchain is better to invest in since you can get real-world products and services in exchange for the crypto instead of just a dream.

It's definitely use for spending and we need more people who have a mindset of spending than holding it to improve the chance of bitcoin getting massive adoption. At the moment, it's more on a speculative asset therefore we are seeing more people holding or big portion of bitcoin is being hold than being circulated for payment purposes.

Our goal of HODL Bitcoin is to get profit, so we don't need HODL for lifetime. If we have reached the sell target we want, we should immediately
sell the Bitcoin that we have. Even if we are greedy and HODL Bitcoin too long it will make us lose many opportunities to get profit. Moreover,
the price of Bitcoin is very volatile, so don't hold Bitcoin for too long. Sell when we have made a profit and buy it again when there is a correction.
By doing this, the profit we make from Bitcoin is far more maximal, because for me HODL Bitcoin is for life.

I have a slightly different take on this. You should sell your Bitcoins, when it is clear that a peak valuation has been achieved and the future prospects are not very bright. The target is not something that should be constant. Target could be changed to reflect the changing market dynamics. For example, if you had purchased the coins in 2012 or 2013, and at that time you set a target of $50,000. Once that target is achieved, you need to think about the next step. If you feel that the future prospects are good, then you can sell a part of your coins and keep the remainder for the long-term after setting a new target.

HODL is good but you should know when to sell. I have sold most of my token because i believed that they have been over bought. What i am waiting now is for a dip or bear market so that i can replace most of  my assets. Though, i still have some assets that my target is next year.

For me is verry simple, when "My Real Life" force me to sell, i'm gonna sell it with no regret even though the price will rise after i sell it.

I invested just for to get more money, with that profit i can enjoyed my life (Travel around the world and buy expensive stuff).

Whats the point if we hodl the coin but we can't enjoyed it  :'(

And the most important we should set our "target" so we don't lose our opportunity to sell and one more thing is don't be greedy!

I believe that there is no term as lifetime when you are talking about Investment , because in one way or another you will get profit for sure as that is the structure of your risking .
Not unless you lose your days and end up dying while your funds is still inside crypto.
But for the majority of us here ? i believe that HOLD stands for the time frame they allotted on which coin they bet, some took months while others took years but in the end ? they will took their funds and try to invest in another coin.

I definitely agree. Lifetime investment isn't that so applicable because as we all know this kind of investment will not be hold as long as lifetime. In your everyday life and situation you will need to withdraw it and use it in something that you need to like emergency and financial problems. Lifetime Investment isn't the right word to be use. I think the word you may use is Long Term investment. It is the same idea but of course you are sticking to the possibility of having the funds withdraw someday. Besides, in Crypto investing are very complicated and risky, you must strategize in order to avoid getting lose.

Well, of course i don't agree with lifetime. I mean, we invest because we would like to earn profit from it for our life, and not to keep holding it for the lifetime, like for what?
There will be times when we need to convert our bitcoin to afford our living, or to start other business like you said. And i think, we need to sell our bitcoin, so other people can buy it, and the market can keep going. if everyone just hold without having intention to sell it, then we won't go anywhere. There will never be changes in price and others. So it's better to hold, and sell it in the right time. Even if later the price went up and you regret selling, that's okay, that's the cycle. you can just earn more bitcoin, hold again, and wait until another right time.

Agree, we are investors, not antique collectors, lifetime holdings can bring historical value, even luckier, our assets will be enough to change the generations behind but the future is a dark and inexplicable wall, instead of trying to bet as a gambling game, we should hold profits in the short term and accumulate over time. It has many advantages, short-term profits will be enough to meet the economic needs and the benefits of living, long-term profits will build a future, lifelong thinking is too greedy and uncertain

It depends on the person until when they are hold the bitcoin, because for me bitcoin is not for life time because for sure they have time it will die or people will not buy it. Bitcoin will live for more years or decades and it will be good if it's live long because more people will earn more profit. Holding bitcoin is really good for now and the next coming few years but we do not until when.

As for me I agree with you, I can't hold for life time I rather hold for dear life because surely in these crypto markets when it gets very high it will surely come down and also there is also a bearish season just as there is bull season so for me I hold for dear life, buy when prices are on deeps hold for long and when it gets to the top I sell off and wait for a retrace of a deep to buy and hold again, We should never let our greed control us take decisions.

I agree with your opinion cause i saw bitcoin up down in 2017 to 18.  Now we should sell btc and start real life business. Today bitcoin price is high but this price is not stable for long life. So i tell don't hold today for life time.

From what I have seen during the last 6-7 years is that it is impossible to predict the future prices of cryptocurrency. The only thing to remember while selling your coins is that you should strictly follow your profit booking targets and avoid panic selling. If the prices are crashing, then you should analyze why they are going down before dumping your coins. If it's just a temporary fluctuation, then you will end up with huge losses if you sell your coins at that point.

I prefer the concept "hodl for better life". Having Bitcoin you can't/aren't going ever spend = Having no Bitcoin.

Page 1
<Ctrl-F>acronym
0 results

I am surprised that nobody corrected this promptly.  “HODL” (often stylized “HoDL”) is NOT an acronym.  It does not mean “Hold On for Dear Life” (which would be “HOFDL”—duh).  It is a misspelling that originated with someone who got drunk after Bitcoin’s price crashed in 2013 (https://bitcointalk.org/index.php?topic=375643.0).  It simply means, “hold” (in contradistinction to “sell” or “dump”).

No, I didn’t read the thread.  Not interested.  I am only interested in DuPMing dollars!!!! (https://bitcointalk.org/index.php?topic=5323282.0)  USD, EUR, and similar shitcoins are losing value—cash out into real money (https://bitcoin.org/) while you still can!

what you say is clearly different because the events of 2018 are not the same as this year, where there was no correction at the beginning of this year, instead it continues to increase and even continues to grow making ATH renewable. this indicates that bitcoin has experienced a very good increase.

If you sell it, it is clear that you are at a loss, other than if you get bitcoin since 2018, you can let some of it loose, because you have already received a fairly large value, but it is not advisable to sell everything.
Please remember that the increase in bitcoins will still take a long time and possibly until the end of the year, so you can imagine how much value will happen to bitcoins, and what if you don't have any more bitcoins, because you have sold all.

Dependence is the key here. If you wait for bitcoin or any cryptocurrency or any asset to reach a specific price so that you can do something out of it and if the price crashes before that is when you will face the biggest trouble. So just cash out whenever there's a need. If you don't use it in times of need then there's no point of holding it.
When there's no dependence, even if it crashes multiple times won't matter since you won't be encashing it in crashes anyway.

for me, having bitcoin depends on our needs, if our needs can be covered using money other than bitcoin we can hold bitcoin for the long term. but if we are forced to use bitcoin to live, I think it is not a problem to sell 10% bitcoin for a life for nothing to lose

holding for a lifetime should not be at the expense of a dear life. we humans always want more even after meeting a target, its what everyone does. this same thing happened to me likewise many times while i hold a token that is mooning but i refuse to take profits and then next time it will dip and i will sell below what i should have sold back then. the point is to just be satisfied with whatever profit you realize especially when you have it attached to important things which are offline.

What to hold on to for life don't we want bigger profits in the short term? If we have held it for a long time while the target has been reached, it means that we need to sell it if we want the price to continue to be high then it can be called greed that has no end, of course it will require funds at any time when offline, therefore with the target already of course and also the price has become good after selling, so there we are always grateful for what we have done, if we only see in terms of prices to keep going high then there is no end to whenever.
Bitcoin must have had a time when it was bearish, so there we must be prepared for all the conditions if it is strong to hold on for longer.

This is a quite a peculiar thread I have read here in a while on the forums. :-\
HODL was a meme statement created out from a user who misspelled the word hold and they rolled on it from there pertaining to the crypto markets.
Now to me holding is different from HODL'ing because they basically mean to different things and to all different people.
So this argument would never ever be resolved in this lifetime. :D
To have a play on words! ;D

Would really be a never ending situation because we would really be always looking for something much bigger and that would really be on infinity because we wont know on far we would able to go.
Therefore, we should really be setting a specific target on when we do take out profits.It isnt really bad to held up for years but it would be worth that you would able to enjoy and cherish those profits
while you are still able to make out some travels or do enjoy on things in life while you are still young rather than on holding like forever where those profits of yours wont really be able to enjoy for yourself.
This is just a matter of personal preference though since its their money then we cant really stop if they do have those kind of aims for their investments.

I agree with this very much really. Being greedy is one of the worst and most damaging things for a person who invests in a cryptocurrency. HODLing is the most sensible thing to do especially if you have some amount of Bitcoin. You should wait patiently for a few years if necessary and you will get the reward for your patience. Otherwise, you will probably be very regretful for wanting more and not selling at the right time as it happened to me once.  ;D