Any proposition for an official "End of HODL" day?

[LB750123]

I vote for 03/Jan/2021 ...

the same date in 2029 would be the perfect one, I think, but a bit too far away for me.

[Zicore47]

Yeah great Idea, so every hodler dumps at the same day

[BitHodler]

With end of hodl day, you mean the day that people will cash out their coins, and thus don't think it's worth anymore to continue hodling?

If that's the case, then I simply can't put any date to it. I have a certain number of coins that aren't meant to be sold at all ~ it will be some sort of a retirement fund for me (I am sub 30 of age).

My other coins (~50% of my total holdings) will get liquidated in the coming 5-10 years, where on top of that I'll ride the waves in order to fill my pockets where possible.

[Meuh6879]

sure ... dump gold reserve first, please.

[LB750123]

... I never said "cashing out day" ... simply stop thinking about HODLing whatever happens and start using them.

[buwaytress]

I believe there are rumours that the People's Party in some great Middle Kingdom somewhere entertain the same propositions... with their USD reserves.

Not sure the same theoretical effect would be observed with Bitcoin though. Flood the exchanges with cheap Bitcoin? There'll just be so many people waiting to have their fill... and then a great big population of adopters.

[JimboToronto]

... I never said "cashing out day" ... simply stop thinking about HODLing whatever happens and start using them.

I think you misunderstand what many people mean by HODLing.

Don't most HODLers already buy merchandise, make donations, and transfer money to friends or family with Bitcoin?

I see holding as reinvesting your profits in Bitcoin rather than taking them in some fiat currency. This is a way to compound your earnings.

Every day is potentially "End of HODL" day if the need arises to buy something, including fiat currencies.

[bamboylee]

I wonder how OP came out with his date?

This is very subjective. As for me, that would be any date that my need to spend my bitcoin for expenses is greater than my desire for it to grow more. And that date is coming very soon.

[Kprawn]

The End of Hodl will come at different times for different people depending on how wealthy they are. I personally think most Hodlers will start

selling at $10 000 to $100 000 per Bitcoin. We will end up with a small amount of very wealthy investors, owning the majority of the bitcoins in

circulation. At this stage Bitcoin will not be used as a currency anymore and only a store of value. {but this is just my own opinion}  

[Iranus]

The End of Hodl will come at different times for different people depending on how wealthy they are. I personally think most Hodlers will start

selling at $10 000 to $100 000 per Bitcoin. We will end up with a small amount of very wealthy investors, owning the majority of the bitcoins in

circulation. At this stage Bitcoin will not be used as a currency anymore and only a store of value. {but this is just my own opinion}  

All currencies eventually distribute to the wider population to some extent.  In the same way, fiat currency is quite centralised in terms of holders (wealth inequality), but working-class people/poorer groups still hold it.

This point of yours is mainly based on the fact that if the price was higher, people who bought in earlier would be richer, which makes you think that it would be centralised.  What you're ignoring is that the Bitcoin price has already multiplied thousands of times and while it's relatively centralised, it's not at a point where it's just a store of value and the majority of people can't have access to it.  There's no point at which it would make that transition, because people spend eventually and money naturally circulates.

[Sniper44]

i agree with Jimbo here.
i don't get what all the weird attitude towards hodlers are these days. i keep seeing a new topic pop up in this board hating them.
i think most people are confusing hodl with hoard (putting in your mattress and never use).
and the confusion is weird too because HODL has been usually been used in the context of "not panic selling when price drops"

[1Referee]

simply stop thinking about HODLing whatever happens and start using them.

Who are you to decide that? People are free to do with their coins what they want. I have been holding some of my coins since very early 2013, where after them being sent to my cold wallet back then, they till this day still haven't moved. That basically means that these coins have been sleeping for nearly 4.5 years. I'm not waking them up - they might get mad if I disturb their well deserved sleep.

[jtipt]

I vote for 03/Jan/2021 ...

the same date in 2029 would be the perfect one, I think, but a bit too far away for me.

Sure whenever this day is if the BTC is high enough I would consider dumping 10% of my BTC. Yes, only 10% because im HODLING for life. Obviously if after this "end of HODL day" price increase again I don't want to sit in regret that i sold all my BTC.

[Hazir]

I wonder how OP came out with his date?

This is very subjective. As for me, that would be any date that my need to spend my bitcoin for expenses is greater than my desire for it to grow more. And that date is coming very soon.

I think he had chosen it totally by random. There could be a logic behind it - in 2021 we will be a year after next Bitcoin halving.
The after having bitcoin's price would stabilize by that time and bitcoin might be worth - according to numerous analysts more than $10k
For example: Bobby Lee - price target in 2020; after block halving: USD $5k-$11k https://bitcointalk.org/index.php?topic=1894630.msg18811402#msg18811402
Of course it is almost impossible to predict accurately bitcoin price in 4 years, but next halving may be a crucial date nonetheless.

[pereira4]

I vote for 03/Jan/2021 ...

the same date in 2029 would be the perfect one, I think, but a bit too far away for me.

For those that are impatient, I always tell them to hold until 2020, then see what happens.

My theory is that 2020 we will be around 5 figures, and once you reach 5 figures you want more.

Which is why 2030 is my ideal date. If you want to get really rich with a decent amount (say 21 BTC) 2030 is the way to go, because it will be extremely rare for someone to hold as much as you with 21 BTC being part of the million club.

[Denker]

... I never said "cashing out day" ... simply stop thinking about HODLing whatever happens and start using them.

People already use Bitcoin today for various things they like to buy.
You hodl the majority of your stash and use the rest for whatever you want and buy back when you've got some money left.
I also know many people who always spend their bitcoins earned from sig campaigns and never hold any satoshi!
So Bitcoin users are not just hodlers!

[el kaka22]

Did we start holding from a same day ? Are we are financial levels are same nor our expectations with bitcoin is same ? If none of these are getting answer as "yes" then why we should think about stopping holding bitcoins at one single day ?

If at least 50% of people will come to an agreement to stop holding then rest of 50% may go for dumping just before that day, just to be secure before hard dump to happen. Even if you may decide a day, there will be no assurance that all those agreeing people will be following the same.

[bohr]

I vote for 03/Jan/2021 ...

the same date in 2029 would be the perfect one, I think, but a bit too far away for me.

That day is never going to come as long as bitcoin is a great investment, who in his right mind will sell something like bitcoin that keeps gaining value every single day, week, month and year?No one, that is who.

[cpfreeplz]

I know exactly when I'm going to spend my bitcoins. I'm going to spend them when I need them. They're the highest risk investment I own so they're the last thing I want to use if I'm disabled or something.

[romero121]

The End of Hodl will come at different times for different people depending on how wealthy they are. I personally think most Hodlers will start

selling at $10 000 to $100 000 per Bitcoin. We will end up with a small amount of very wealthy investors, owning the majority of the bitcoins in

circulation. At this stage Bitcoin will not be used as a currency anymore and only a store of value. {but this is just my own opinion}  

As mentioned every day is a end of HODL if there arises a need to use bitcoin converting it to fiat. In my opinion HODL is done based on one's own interest and  different users make different price target till which they plan to hold before selling. Also if we make a specific day, then it too becomes a day similar to halving and people starts to expect price pump and dump by those days.