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

[Artemis3]

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

You will understand this in the future. Its not so much of "making money", but preserving your wealth.

Fiat currency is made to lose value overtime, due to the dogmas from the current prevailing school of economy, which instills fear of deflation. If you want to understand the economy using money which doesn't lose its value over time, read the Austrians (ie. mises.org).

Its quite simple: You hold your money, and just use what you absolutely must. You don't have to go desperate to invest it or lend it to others. Sure you can, and it might give you a bit more interest, but at a higher risk, but if you don't, its OK. With the current model, if you don't do that you are losing everyday, and that's the intention.

Try computer games with fictional money, you usually save and only use what you must, because you don't fear the prices will go up later in the same place. Of course some games model the prevalent inflation of current world economy, which is a kind of "use it or lose it" mentality, rather than save and relax.

Yes, hold forever, that is the correct attitude. Only use what you must, hold the rest, preferably in a cold wallet which is just a piece of paper with handwritten (seed) words. Banks are optional, not obligatory, but lending or asking loans are optional, not "a must" for "progress". There are too many banks, and they will shrink. There are also too many useless coins, and they too will shrink.

[avikz]

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

It's not a very valid discussion, I feel! If we don't consider the wealth unless it is converted to cash then majority of the billionaires would fall out of Forbes list. Because majority of them are considered rich because of their shareholding. Same goes here as well. If you are HODLing, then it's all fine to calculate that as your wealth and networth. So on papers, you have made money out of it because it increases your networth. It's as simple as that!

[pawanjain]

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

Holding on forever completely depends on the individual as it is his choice whether he wants to hold it forever or not.
I would personally be holding some portion of my portfolio forever and even pass it as a legacy to someone who is worthy.

Also, bitcoin is not only meant for speculation. We can also use bitcoin as a currency and do the payment.
For example : Recently I purchased a book through bitcoin and also purchased a domain directly through bitcoin.
So yeah, when the price of bitcoin increases, we have to spend a lot less for the same product. This saves our bitcoins and thus it does help us make money.

But yeah, there's no point in holding bitcoin if you aren't gonna use it forever. You should be able to do something with it right.
That's why keep selling at times, keep spending it at times and keep holding some forever. That's what I think is right for me.

[uneng]

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

As long as there is high liquidity in the market, yes.

Money = purchasing power

In other words: as long as there are people willing to trade with these coins, consequently valuating it a price, you have purchasing power in your hands. But once no one has interest for it anymore, your coins lose all their purchasing power. However not only crypto currency is under this risk, but also and more probable are the fiat currencies which lose value along the years.

[Yatsan]

Holding is a process wherein you are stocking your coins or assets for a while for the reason that you are seeking or wanting for a desirable price to come before you can decide to finally sell those and made a profit out of it. Holding can or cannot be taking too long depending on the individual himself for we have different goals that we wanted to achieve so do the target price we wanted to attain before deciding to do selling of our altcoins and Bitcoins we have in our wallets. The limitations of holding is being set upon by the user himself so we can never know how long it would last when you do such.

[taufik123]

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.

no need to be sorry as long as you still get the benefits. you have booked your profits according to the target price you want.
if you believe that some coins will continue to rise you have to hold them even longer or leave some coins to hold for a long time.
you have to be satisfied with whatever profit you get, the important thing is that you don't lose.

[tabas]

To answer the title, I'd say that it's a yes. I consider it as a gain and can be said of paper gains. And just like when we hold, when we're losing, it can be said as paper loss.

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

This is it, the same as what I've thought but just early to comment it. 

[just_Alice]

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

That's a tricky question, been thinking about it myself lately. I personally hodl only some part, and the other part I spend. But a friend of mine bought Bitcoin years ago and he always had this thing that he's got to have at least ONE Bitcoin, always believed it was going to be something, years ago he told me Bitcoin will be worth $50k and I didn't believe him

So now, he has his 50 thousand dollars, but what to do next? I think the longer you hodl - the harder it is to give it away, right? You kinda always believe that Bitcoin will only grow and then what's the point in selling? But also, what's the point of having it with no intention to sell?

[kawetsriyanto]

You should tell us first what yours before you ask others! Can you explain to us what you do with your crypto assets?
Well, I am a realistic person, I never plan to keep my Bitcoin or altcoins forever. It doesn't make sense to ask about it since even a kid can answer it. Sure people won't hold forever, there should be time to sell. What the purposes of Hodling? It is the profit, right? To take the profit, a holder must sell their Bitcoin or altcoin to the market. Every single man knows it mate! 

[pixie85]

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

Not really. If you have coins that are worth something and you don't sell you have all the right to give their value in fiat money if you want.

I'd compare it to having a house worth a million dollars. If someone asks you don't know exactly how much people will pay if you decide to sell now. You know that the price is somewhere around 1 million but if you sell it it's possible you'll only get 800 thousand.

For me it's so easy to sell my coins that I don't even have to send them to an exchange. I have a broker that will pay me fiat money whenever I make an order and ask me to send coins later.
So if the price is 80 thousand and I want 80 thousand I can do it in 1 click and lock the current price for a future sale. This makes me physically own the exact value in fiat at any moment. 

[arwin100]

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

Depends on what coin do you mean and also there are always perfect time to do that since if you buy at the peak price and then decide to hold well provably the huge bearish time will came and you will end up hodling and wait for the price to recover back, that's not the ideal thing to do that's why we need to wait for the dump before we buy and decide to hodl.

[LittleBitFunny]

I prefer to hold forever as long as you don't need to sell.
If trading bitcoin or holding bitcoin is not your main earning source, then it makes more sense to hold it forever until your bad situations will come.
cause bitcoin's price is raising day by day and it will be a lifetime investment for your future generation.
And if holding bitcoin or trading bitcoin is your main earning source then my only suggestion divide your investment in two portion,
1 portion is for long time holding and another portion is for daily or monthly trading. 

[maydna]

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

Well, that depends on your strategy. If you want to sell your bitcoin at X price, you need to hold it, no matter if the price will always go up and down many times. While you hold, you can still make a profit in bitcoin, so you can see your bitcoin amount will increase, and at the right time when your target price is touch, you can sell it to make money. It is hard if you don't have a target price to sell your bitcoin, and that can make you hold without knowing when you can buy bitcoin. But if you really want to do that, that is up to you.

As long as I can see I can profit from converting my bitcoin to fiat, which means I make money, and I am still trying to make more bitcoin. It is okay if you hold your bitcoin because you don't have anything to buy with your fiat to help you collect more bitcoin.

[AniviaBtc]

Bitcoin is money, if its value goes up, you are making money. You can't buy 2 pizzas for 10,000 bitcoins anymore, in fact you can buy 4.5 times more pizzas than a few months ago. It may look like you're not making money before you sold, because it's hard to spend Bitcoin, as places that accept it are still very rare, but if you look hard enough and are lucky, there are opportunities to pay with BTC directly.

It doesn't mean that if you sell your coins, that's where the profit will occur. As you are holding your coins, its value goes up and it only depends on you on when to sell or when to make transactions with it. Bitcoin really takes a lot of time in the market before you make it profitable for yourself. Each and every one of us do really have a certain price or goal on when to sell it so it depends on you. There are really a lot of opportunities and advantages of bitcoin not only as an asset to our investments.

[tinopener]

Most people who can afford to hodl probably have enough money anyway.

So I suppose it's a case of "you need money to make money".

 

[dihari]

Bitcoin is money, if its value goes up, you are making money.

I don't think so. I understand you are try to spread the word about bitcoin is a currency. But you should consider fiat money still the queen. All the coins you hold right now is pegged by fiat when you cash out. And look, we use the fiat money to determine the price.
And if you read the title on this topic, we all knew the simple exception on crypto investment; you don't lose until you sell it. And vice versa.

[Noctis Connor]

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

Why forever when you can make a good profit everyday not by holding but into trading, for me if there a good profit why not cash out them or re invest into another coins, or your just having doubt in bitcoin? To be honest it's always to you when you wanna sell all your coins or just forever since we live everyday and we can make a own decision when it comes on money in bitcoin there's always an advantage using them since it was decentralize and no one can control it not unlike fiat. So follow your guts always

[Mistafreeze]

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

Btc is currency, spend it to buy things. Money always depreciate if you hold it. Invest it if you want it to grow.
Unfortunately spending it to buy something is still not possible in many cases buy soon we will able to buy everything directly with Bitcoin then I will start spending it.

[Kong Hey Pakboy]

Of course! Let's say, I have a stable job and I decided to save some of my salary and covert it into Bitcoin or any cryptocurrency. The moment I started converting it, and the price moves, I actually earned money from it. So I will decide if when will I sell or I until when will I hodl it. Either log term or short term, I know you made money in the world of crypto. It really depends on your plans or needs, and there's nothing wrong with it as long as it's your decision.

[JahriMeayer]

If i have any business or job, then there is no problem to hold tight bitcoin in wallet cause i don't think anyone would mind if they see the bitcoin is growing means they earning money without doing anything but hold. But of course not for the whole life. For me. I don't have any goal for bitcoin but I'll sell my bitcoin if i need any economical suport and let my rest of bitcoin be hold on my wallet so that to grow big