HODL ₿itcoin for Life, not for Lifetime.

[AniviaBtc]

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.

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.

[masterrex]

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.

[maydna]

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.

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.

[Negotiation]

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.

[Wexnident]

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.

[plvbob0070]

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.

[cheezcarls]

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.

[coolcoinz]

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.

[RapTarX]

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.

[Nalbo]

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.

[kryptqnick]

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?

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.

[TitanGEL]

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.

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.  

[Majharul Saiif]

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.

[Smartprofit]

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.

[pawanjain]

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?

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.

[Imran232]

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?

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

[kolbalish]

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.

[SaShiRaJaVu]

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.

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 .

[hatshepsut93]

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.

[uneng]

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.