Would you use locktime for hodling?

[kryptqnick]

I think that locktime is needed only if a person feels strongly about hodling BTC for a certain period of time but knows that wouldn't be able to resist the temptation to sell. I don't think that this is for me because I'm pretty fine with making decisions and keeping promises I make to myself. So if I decide to hodl, I know that I will. At the same time, not locking the coins allows acting swiftly in case something unpredictable happens (a sudden financial need due to new circumstances, Bitcoin moving down to zero because a truly superior coin gets created, people turning to something new and cryptos becoming pagers). So I think it's better to control oneself and to be able to move the coins when needed.

[Rengga Jati]

Thoughts?

Bitcoin always has a certain era where it will push to pump and get the Bullrun. But there will be also a certain time where it will fall and get to the bearish one.
That is likely a kind of common cycle.
Many people may regret not buying Bitcoin when it was in $6k after seeing the recent price and probably the next ATH again.
Of course, it is nromal.
For me personally, I am still holding some BTC, but willing to sell them in steps every time reaching a new ATH. ANd probably will sell them all when it is almost ended bullish time.

I am sure doing about this. And then planing to buy some Bitcoin when it has fallen in the bearish amrket.

[Oceat]

It doesn't make sense to me though since locking it means that you are planning to hodl your Bitcoin for a long time. It means that you should not feel any emotions towards of your investment and let it rest until the time is up. But with the high volatility movement and anytime or anywhere there could be something that might happen to our investment so why need a time lock when you could just simply hodl it in a traditional way? It's more like you follow what the banks are doing by putting a time lock to your wealth.

[bandungan]

Sometimes the holding power is very large, as is the case nowadays, doing BTC holding with large profits so far. But what you can see is that people are afraid to hold because of the risk. So my mind is that if I have a chance I will continue to hold for profit whenever it happens

[BrewMaster]

it is not a good idea in my opinion and i don't think the OP codes that do that were meant to be used for "holding" even if they are unofficially called OP_HODL. if someone is not capable of controlling themselves when it comes to long term holding then they have more serious problems that locking up coins is not going to fix.
these OP codes are meant to be used in certain scenarios that the smart contracts need such as making a payment only when some time is passed.

[maxreish]

Ive been  keeping my own bitcoin for so many years now and I dont even need that locktime. You just need a good  and tight self control for holding it.

But it is still your choice OP, if you really wanted to go on and hold it without further attempt to touch and withdraw some of it. In terms of emergency circumstances wherein you need to cash out some of it, then you can't sell it off until the time you set it off.

[iv4n]

I guess when you lock some coins you do that because you will get some interest for that locking coins! So it's not like just locking and forgetting about them, it's like you let your coins work for you. I am always for that kind of locking!
But I don't have locked Bitcoins, but I have locked some other coins... and I expect some return from that! People talk about volatility, but I am only interested in making more coins! I believe in crypto in long run, the prices will rise more... in the meantime we will have ups and downs as always, but generally we are going up and most of the good coins made nice progress this year! Even if the entire market drop, it will recover eventually!

[ethereumhunter]

Holding bitcoin will be the profitable thing that we can do, especially if we already bought bitcoin at a very low price. But it is not easy to hold bitcoin as if we do not have control to see the market movements, and we can become panic and sell bitcoin when the price drops. We can set a lock time for the holding bitcoin and sell bitcoin in that target time or price, so whenever the bitcoin price moves, we will still hold it if that does not reach our goals. But to have that works, we need to follow our plan, no matter if that will be hard for us.

[goldade]

While I understand why you'd want to lock your coins in respect of being disciplined so as not to panic sell them before time when the price is in a bearish trend, it is important to note that there are times when you'd actually need money to cater for some expenses. What if there are emergencies that you need to solve and you don't have money.
I think the best option is to keep the coin in a traditional wallet rather than locking the coin so that it is readily available for use at any time

[BlackHatCoiner]

I rethought it and yes it seems a really bad decision, after all. It'd be too dumb to burn my coins for a certain time, just for hodling. There are some cool ways to use locktime, though, like inheritance and gifts. But, locking them for 10 years? Who knows what will have changed until then?

I shouldn't put my worrying feelings above common sense. As @Coolcryptovator wrote, hold for life, not for lifetime. I'll now lock this topic to prevent any unnecessary discussion.