HODL ₿itcoin for Life, not for Lifetime.

[cyriljundos]

it is totally fine to hold bitcoins for life but for me it is situational. If you are holding large quantity of bitcoin you may hold it knowledgeably , maybe after years bitcoin will still be dominant in crypto currency. Even if i have more bitcoin if bitcoin price reaches $50000 i will probably sold it. Just i say its just situational to hold bitcoin depends on how you think most importantly you can gain profit from it.

[Coinsfera]

You touched on a good topic. Bitcoin is not just an investment to buy and sell to earn more. It is a means of payment, a store of value. So it doesn't have to be a lifetime. Nothing is for life anyway. Think of it as an asset you can spend in an important case that needs to be spent. Your investment in Bitcoins can instantly make you wealthy. But you mustn't push yourself financially. When you see that the asset has the potential to increase in price, you can buy it and sell it when it is really necessary for you and when you think that this increase is enough for you. 

[angrynerd88]

Fair Hold for life since for me holding bitcoin incorporates a confinement and time allotment where you'll be able to offer it to gain benefit. After you say hold for lifetime , it implies you may just hold it and there's no arrange to offer. Bitcoin cost is exceptionally unstable and not steady which implies you would like to purchase when the cost is moo and hold it until the cost go up and take your benefit. At that point after merely are progressing to purchase once more in profound at that point hold once more for long run.

[Distinctin]

Fair Hold for life since for me holding bitcoin incorporates a confinement and time allotment where you'll be able to offer it to gain benefit. After you say hold for lifetime , it implies you may just hold it and there's no arrange to offer. Bitcoin cost is exceptionally unstable and not steady which implies you would like to purchase when the cost is moo and hold it until the cost go up and take your benefit. At that point after merely are progressing to purchase once more in profound at that point hold once more for long run.

OP is emphasizing that holding can't be done forever. We can make some arrangement to sell it even in a few days pass after buying if the market price is enough for us to give returns. Because one reason why people are holding Bitcoin is to make money from it, not like a souvenir.

We able to see that Bitcoin price is unstable and that simply tells holding is not measurable as well, gonna be just days, weeks, months, or years, depending on the market flow and the person who is holding. I'll do the hold but anytime, I'll be selling them as well.

[MCobian]

Sometimes, most Bitcoin holders are getting greedy to see the drastic increase of Bitcoin, so they want maximum profit. So often don't take profit
when Bitcoin prices are at their peak, preferring HODL, because they think Bitcoin will still continue to rise. Even though we must have the courage
to take profit if the Bitcoin price increase is too high, so it will not eliminate the opportunity to get profit. Because if you are successful in taking profit,
you will definitely have the opportunity to buy Bitcoin again when the price drops.

[Rengga Jati]

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

HODL for Life, wiser and fewer risks.
Besides, how can we only hold our assets for a lifetime? If we only hold it means that we only keep it, how if the value is down?
I personally prefer to choose hold for life with the target. The target itself may be different, for the short or long term. But for the long term itself, I probably will only keep maximally in 5 years (of course selling the coin when the price is much higher)/ or even when the target has been reached.

[Sithara007]

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But for the long term itself, I probably will only keep maximally in 5 years (of course selling the coin when the price is much higher)/ or even when the target has been reached.

I invested in cryptocurrency for the first time in 2014 and I still having a majority of my coins from that time lying in my wallet even now. I don't believe in selling the coins all at once. With all of my investments, I have applied a gradual profit booking strategy, by selling small amounts at regular intervals. And for me, this strategy has worked really well. Prevents from incurring heavy losses when the prices go down, and at the same time provides enough cash in hand to take care of the monthly expenses.

[Alucard1]

Yeah, that's true, we should hold for our dear life and not for a lifetime, many people think that bitcoin could reach more and more even though the money they have is already enough for having a business which is what we reed in our life so that when we reach a 60-year-old or age of retirement we have the business that could support us. We should think of our future, if we see a good opportunity then do not hesitate to grab it.

[Ziskinberg]

You nailed but I don't literally take the word actually.

When you say HODL or hold for dear life, that doesn't mean you will really hold until you die, that's wrong, a person who have enjoyed his holding will eventually sell his bitcoin to gain profit from it, otherwise you'll not enjoy the value of your money.

[Vishnu.Reang]

You nailed but I don't literally take the word actually.

When you say HODL or hold for dear life, that doesn't mean you will really hold until you die, that's wrong, a person who have enjoyed his holding will eventually sell his bitcoin to gain profit from it, otherwise you'll not enjoy the value of your money.

That's true. Unless Bitcoin is widely being used as a currency, there is no point in keeping it till the end of your life. At some point, you need to convert your non-liquid investments such as Bitcoin to liquid cash. And with a highly volatile asset such as Bitcoin, you need to be very careful when you intend to do profit booking. Selling your coins at the wrong point, or selling the wrong proportion can cause a lot of regret later.

That said, I have seen some posts here from users claiming that they will pass on the coins to their children. Nothing wrong with that. But even in that case, the cycle is not going to continue endlessly for ever. At some point the conversion to fiat cash would occur.

[verita1]

I have thought with my bitcoin HODL for Life for the education of my youngest nephews.
Although if I decided to have my own business also HODL for Life bitcoin because I would be giving use cases to the coin.
Let's take as an example that there are of course many who decided to join bitcoin, Tahinis Restaurants in London Ontario Canada.

https://twitter.com/TheRealTahinis/status/1295770434349281281?s=19

[adzino]

True. I would rather say HODL till you reach your goals. I have seen people who has been holding forever, not wanted to cash in their profit when they have already made enough. But when the price starts crashing, they start regretting. They miss their opportunity to sell high and then buy back when it is low. Though I wouldn't blame them. No one knows what is going to happen to the price next (hence setting a profit goal is the best thing to do!).
As I guess those who HODL for life are the ones who really don't care of the profits or don't need the money they have invested and can afford the loss if they face any.

[TheGreatPython]

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.

Lol you should hold for dear life and not hold for a lifetime. If you’re going to be holding for a lifetime, then what’s the need it for it, unless you’re planning to pass it over to your next generation so that when you’re no more they will be the ones that will sell it and then use it to start up whatever business they want to?

You made a really huge mistake, because selling your coins and using the money to start a real good business would have been a better choice to make. With the business you can make more money, grow your business and still have more money left to invest back in Bitcoin if you want.

[Lorence.xD]

True. I would rather say HODL till you reach your goals. I have seen people who has been holding forever, not wanted to cash in their profit when they have already made enough. But when the price starts crashing, they start regretting. They miss their opportunity to sell high and then buy back when it is low. Though I wouldn't blame them. No one knows what is going to happen to the price next (hence setting a profit goal is the best thing to do!).
As I guess those who HODL for life are the ones who really don't care of the profits or don't need the money they have invested and can afford the loss if they face any.

That is what I do as per the advice of my friends who have been on the cryptocurrency scene since 2015, they knew better since they experienced the low price of bitcoin back then. The problem with those people is that, X amount of money is not enough for them so they want to go for more being trapped in the paradox of missing out on eventual increase in the prices when in reality those prices that they have been waiting for has been dangling on their faces all this time.

[Bitcoin577]

Hold for dear life not life time. Money is just for luxurious life. If we didn't got benefit from bitcoin question is for whom we are earning?
My holding bitcoin strategies is that i make an idea before buying and fix a price for withdraw. When butcoin price reaches i instantly withdraw it. I didn't care of of ita price will pump more.
This is why ?
Answer is i hold bitcoin for dear life not for lifetime

[haidil]

What do we hold for life? of course our goal is only to get money !! I think when there is an opportunity to sell bitcoin at a high price and buy at a low price. that's enough

[Koadharber]

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?

Thank you for sharing your experience mate and hopefully a lot who read your message will learn something from it.

I agree on what you said and also disagree at some points: Agree, to the fact that yes, when you are in the investment sector, always be futuristic and goal-oriented. Always account the idea of selling and not being greedy because this habit if not controlled will be your complete enemy & demise. In terms of being goal-oriented, don't focus on what price is it now, but focus on what your targets are that you invest in the first place. This will give you an idea and control not to be greedy that if ever you already hit your target, then stop. The fact that you saw the price continue go up and sold already and still enter the market (technically in FOMO), then you completely tag yourself as a greedy one.

Always put a money that you are willing to lose. In everything you do, there will always be risks.

[Jemzx00]

What do we hold for life? of course our goal is only to get money !! I think when there is an opportunity to sell bitcoin at a high price and buy at a low price. that's enough

I guess we only hold bitcoin as long as we earn decent money and sell it when the price is high which the opportunity of each and everyone here is waiting for. During the ATH last month, many investors and bitcoin users have sold their coins as it reached the 40k$ mark which is the most profitable. And, If I am right, many people are expecting for bitcoin to dump more for them to invest which the most common way, Buy LOW, Sell HIGH.
As for answering the OP, I'd rather hold for life up until I earn my way to a decent passive earning business that will support my needs, future and some of my wants. But I'm not saying that I'm quitting on crypto especially at bitcoin rather I would still continue doing what I'm doing and only sell the amount that I need. Anyway, I still think the bitcoin is the future and leaving it will be my biggest regret if I ever do.

[Rehan Zakir]

You are saying right mate!. We should use bitcoin for trading. We must keep the bitcoin for a long term investment. But leaving it for life is the wrong way to go.
We should trade in bitcoin so that we can benefit and miners of bitcoin as well.

[Asuspawer09]

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?

Most of us would probably hold bitcoin for a long time and probably a lot of users here would believe that the bitcoin market price will continue to pump in the coming years.

I mean it would still hurt when you sell your bitcoin early and then the price pump after 2-5 years it would still feel like you lose some profit, I think the best method is just to sell a small portion every time the price pump.

With that, you still have bitcoin in the coming years as an investment and you never know you could die and never spend your bitcoin may be for your family but treating yourself is still important.