HODL ₿itcoin for Life, not for Lifetime.

[The Cryptovator]

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?

[1714601451]

1714601451

[1714601451]

1714601451

[1714601451]

1714601451

[1714601451]

1714601451

[1714601451]

1714601451

[Ayiranorea]

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.

[1miau]

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 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:



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

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

[DoublerHunter]

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

^ 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.

[Casdinyard]

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.

[Oshosondy]

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

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.

[palle11]

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?

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.

[daarul50]

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.

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!

[Oasisman]

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

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.

[Kemarit]

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

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.

[Darker45]

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.

[TravelMug]

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.

[erikoy]

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.

[mersal]

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.

[Dave1]

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.

[DapanasFruit]

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 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.

[DevilSlayer]

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.

[error08]

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.

[amishmanish]

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.

[Noctis Connor]

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.