HODL ₿itcoin for Life, not for Lifetime.

[shield132]

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'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.

[pixie85]

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?

[mangsitin]

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.

[nebuch]

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.

[meanwords]

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

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.

[crossabdd]

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.

[babykika2027]

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

[Smartprofit]

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.

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.

[imstillthebest]

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 .

[concept2]

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

[blckhawk]

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

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.

[Yamifoud]

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.

[traderethereum]

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

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.

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.

[7788bitcoin]

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.

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

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.

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.

[Bitstar_coin]

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 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 , 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.

[taufik123]

-snip-
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 , 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.

[Kez1817]

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?

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.

[acener]

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 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.

[dunfida]

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?

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.

[DarkDays]

It is advisable to hold but sell if you must, as simple as that.

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.