Can you say you made money if you never actally sell your coins?

[The Cryptovator]

I can't recall the thread exactly, but I have created a thread hold for life, not for a lifetime. I have sold bitcoin even when the price was $3K, and now selling even price above $40K. The simple reason is, I have been selling my Bitcoin when I need money. I am selling bitcoin for real life. Doesn't matter it's from earning or from my holding. Of course, still holding a few satoshis, so even increasing-price I am happy. I don't want to repeat the mistake like 2017. If I had sold my bitcoin that time instead of invest shitcoin then most likely I would establish my own business and could buyback at the $3K zone. So, my simple logic, hold for life, not for a lifetime.

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[pealr12]

Should you hodl forever?  Does everyone have a price?  What is yours?   

Am not in support 9f Hodl forever because it is no longer sensible, the purpose of investment is to be able to enjoy the benefits at a certain point, not turning your investment to a trophy kept in a museum or library just to look at it, lol,
I have a target and once am able to hit that target or come close to hitting it, I will cash out to better my life and the people around me. No point HODling forever.

[dothebeats]

You already made a profit once your bitcoin appreciates in value, regardless if you sell or you don't. Similar to stock traders and shareholders, they make a profit whenever their stocks rise in value, even if they just keep it as it is and continue doing on other things.

Aa for my price, it depends on whether I need the money or not. I do have a stable paying job, a nice career ahead of me, and I think a few more years along the way I wouldn't have much problems financially. Perhaps I'd be able to use it for my heirs even though I don't have any plans of having a family--just to my nieces and nephews.

[acener]

Well yes I always calculate it that way even though I hadn't sold it yet but whenever the coins that I am holding goes up I already consider them as a profit.
Just like when we look at our portfolio and saw that it goes down we would say that we had loss even though we haven't took that loss yet.
But I know others wouldn't take it that way because it could still go the other way around when you are still holding it.

[ReiMomo]

Should you hodl forever?  Does everyone have a price?  What is yours?   

It's common sense if you will hold forever even though you have already seen your profit, don't tell me you're still holding even you know that your profit was, what else? Hoping that it will fold so many times before having a plan to exit the market. Just analyze when is the exit and buying point, so that you will exactly know of getting profit.

Actually, if you hold 1 bitcoin it will never be changed, it will the same amount but if you will look at the value will I guess you will able to consider it as one of your asset. Just sell it if you have profit and hold while you've lost.

[Argoo]

As long as our coins or tokens are in our wallets in the form of codes and numbers, we cannot say that we actually made a profit no matter how much their price has risen. Profit, in my opinion, can only be considered the difference between the amount of fiat investment in cryptocurrency and the amount that we withdrawn from cryptocurrency into fiat. We cannot be sure that any cryptocurrency will retain its value and price in the future. Therefore, it is not worth keeping all your money in cryptocurrency .. It would be better to periodically fix your profit by converting it into regular currency or at least into a stablecoin.

[BuNga_cute]

That's right, without selling our Bitcoin, I don't think it's making money. Therefore, all of us investing in Bitcoin must have a sell target that we want
to achieve, so I'm sure no one wants to HODL forever. One day for sure the Bitcoin that we have will be sold, but everyone has a different sell target.
I will sell my Bitcoin when it hits the $ 50k price tag, because that's the target I want to sell.

[shoreno]

people are known to work for money as much as they can or as long as they are still breathing so yes hodling forever is possible ( sell at your target value, buying back and hodling again ) . everyone have a target price , my target was only small and infact i already sold mine when btc is at 40k something  . to your first question if you can made money without selling , yes you are but you can also loose that money if you wont sell  so the best thing to do is to sell when you got your target

[Japinat]

That's right, without selling our Bitcoin, I don't think it's making money. Therefore, all of us investing in Bitcoin must have a sell target that we want
to achieve, so I'm sure no one wants to HODL forever. One day for sure the Bitcoin that we have will be sold, but everyone has a different sell target.
I will sell my Bitcoin when it hits the $ 50k price tag, because that's the target I want to sell.

Like to say 1BTC is equal to 1BTC but if we are converted to fiat money, it gradually change. Buying at a low price and sell it at high, that is commonly we do to make money from Bitcoin. We are not here for a lifetime and we can't hold Bitcoin forever, we are here for a reason and that is to make money.

I am to wonder if someone says he makes money without selling his Bitcoin. Because in business, we can't make money if nobody buys your product, if you have nothing to sell, you can make money. The same thing works in crypto.

[romero121]

Should you hodl forever?  Does everyone have a price?  What is yours?   

Everyone doesn't have a price, but different users have different price targets to sell off their hodling. With this time's market growth more number of people could've sold their hodling. With that the market would've experienced some form of price crash. Fortunately everything has taken place on the positive note with more investors getting into the market. If I'm not wrong, this started with PayPal and now going further and further through Tesla.

[UserU]

Basically it's the same as holding shares or commodities. Paper loss = Unrealized gains/ losses.

Not everyone that owned crypto in the early days could predict the future of 5 figures, maybe even Satoshi himself

[thirdprize]

But is BTC a good investment these days?  If you brought at $1K and sold at $2K you doubled your money and it wasn't that great a leap.  If you brought at $48K it would have to go to $96K to double your money.   Which i suppose is possible but one hell of a leap.  I suppose that is why alts are so popular these days.  Their increases are a lot more realistic.

[DapanasFruit]

By money, you must be referring to the fiat cash, so that means you are going to convert your Bitcoin into maybe USA Dollar, just an example. Of course, we can argue that Bitcoin is actually functioning like money too, so there is no need to cash it out for one to say he made money with Bitcoin. Now, this all depends on how one is viewing things. We can therefore say that if Bitcoin's value is rising against the parameter which is the dollar, you are actually making money, but it exists on paper, or maybe we can say on a digital form. I think this is the common viewpoint of many people involved with cryptocurrency here in my country and this is how many countries are viewing also especially in connection with taxes.

[panganib999]

Basically it's the same as holding shares or commodities. Paper loss = Unrealized gains/ losses.

Not everyone that owned crypto in the early days could predict the future of 5 figures, maybe even Satoshi himself

I think the users point of this question is that do holding money will give you some earnings because we all know that if you don't make yourself so useful ypu will not benefit. But I gues the answer to this question is a big yes. Holding money is worth in trading, stocks and even long term holding tradibg. You will set some TP in trading and you will take some of earnings when you hit that. Holding money is a very effecient way of earning because it is not that risky but definitely safe and effective. And they always say that it is better to have a bigger amount of investment at the start in order for you to also have a bigger amount of earnings at the end. 

[Kittygalore]

That's right, without selling our Bitcoin, I don't think it's making money. Therefore, all of us investing in Bitcoin must have a sell target that we want
to achieve, so I'm sure no one wants to HODL forever. One day for sure the Bitcoin that we have will be sold, but everyone has a different sell target.
I will sell my Bitcoin when it hits the $ 50k price tag, because that's the target I want to sell.

I hate to disagree but there are people who makes money without selling their coins, some of them have threads that are documenting the profit that they get, I can't remember the users but I think it was posted around the gambling board or the gambling discussion, I can't be certain. I wanted to look for their post but my fever seems to make me a lazy bastard and just sleep. Any sensible person will have to sell their bitcoin someday, there will be those that are loyal because they believe that bitcoin will someday replace the banking institutions as the prophecy says, you wouldn't know what price you are going to sell it but your gut will tell you what needs to done.

[Viscore]

But is BTC a good investment these days?  If you brought at $1K and sold at $2K you doubled your money and it wasn't that great a leap.  If you brought at $48K it would have to go to $96K to double your money.   Which i suppose is possible but one hell of a leap.  I suppose that is why alts are so popular these days.  Their increases are a lot more realistic.

Not exactly to happen in a very short period of time but if you don't bother holding it until the price reaches $96k, that could be great. But if you are doubtful to invest in Bitcoin, that is your decision. Many people are investing in Bitcoin even the price is already high it is because they saw its potentials, they are not thinking that they can double their money in the coming days, but they are thinking of a long-term holding which is close to the possibility.

And please don't compare $1k to $48k because is totally different. If you are not convinced, then don't force yourself to believe what we are seeing. 

[Flor1982]

Should you hodl forever?  Does everyone have a price?  What is yours?   

If you are a believer in Bitcoin potential then the best time to sell is when the production will stop. You might know that the production of Bitcoin will end sometime in the future as there can be only 21M Bitcoin which is 18.6M are already in the market. Bitcoin is now hitting $50K soon which is a great investment opportunity for sure than before. Buy and hold as long as you can! That’s the way to go.

[Peanutswar]

If you are looking at the exchange rate with the usd/btc for sure you will get bothered with the price and this time you will sell your coin earned because you think you already gained profit but if you are looking at the bitcoin as bitcoin-like 1 bitcoin remains as 1 bitcoin there is nothing change sometimes giving a value makes more expensive on it so in some point you will actually sell those just to earn.
You do not earn anything thing if you didn't sell those bitcoins you hold. You can hold but there is a time that your holdings become worth it sell and grab the opportunity on it.

[mezzaluna]

Should you hodl forever?  Does everyone have a price?  What is yours?   

Being rich can be a state of mind and that type of thing depends on the user. HODLing is good for some users because they can make money since they are able to budget their Cryptocurrencies into different types of investments. You could still create money without actually selling your coins but the only way to gain profit is by selling them so it really falls on the user if he/she wants to gain profit.

[ene1980]

Should you hodl forever?  Does everyone have a price?  What is yours?   

What is the point on holding onto some investment for a long time without booking the profit, everyone books their profit and it all depends upon how much you are targeting. When i started i used to sell for much lower valuation and if i think about it now i do regret selling huge amount of coins when the price was dirt cheap considering the current valuation.