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

[thirdprize]

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

[hatshepsut93]

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.

[Jawhead999]

You need to separate between holding for entire life and holding until it reach your goals.

Of course if you didn't sell any coins, you're not made any profit... you can only see the temporary profit on your portfolio.

In fact 1 BTC = 1 BTC, it will no change even you hold it after 100 years.

But the rates/pairs is changed if you determine it to fiat money or any coin.

[ethereumhunter]

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

No, I do not want to hold forever because I need to sell my bitcoin and other coins to make money that I can use to buy my daily needs or the other things with fiat. But if your country accepts bitcoin as the payment system, you do not need to convert your bitcoin to fiat, and you can get directly to buy whatever you want with your bitcoin. In my understanding, as long as we sell and make a profit, that means we made money, even if you are not yet to sell your bitcoin or the other coins.

[mk4]

If you want to think long term and want to actually focus on growth, it'd probably be a great idea to focus on net worth and asset appreciation rather than fiat holdings.

Should you hodl forever?

Completely up to you, ask yourself, why are you in bitcoin in the first place?

Does everyone have a price?

Nope.

What is yours?  

I don't have a price. Because:

[Upgrade00]

If Bitcoin does achieve global adoption and merchants start accepting it as a regular means of payment, then you will not have to sell inorder to 'take profit', you simply use it to purchase what you wish.
   

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

If you're talking in purely speculative terms and the relative value of Bitcoin to Fiat, then I'll say NO, same way you cannot lose until you sell. Bitcoin is highly volatile, if I'm up 3× from when I purchased $100 worth of BTC, I cannot say I own $300 as the price can dip at anytime. However, I can always say I own xx amount of Bitcoin.

[sheenshane]

Everyone has a desired amount and a target when the right time to sell their Bitcoin, and yes, everyone has the desired amount of taking profit and it might you also.  The way to achieve that goal, you should hold until it will come and if the right time will come, and you made 5x folds profit then, that's the right time to sell.

This something you're a valuable thing seems like gold and other precious metals but Bitcoin is totally different, the price is very volatile that caused by the supply and demand, when the demand increase, it will surely become expensive in the market.

What is yours?  

Mind your own and invest your own, this isn't necessary.

[Lucius]

I believe that most people who own Bitcoin have their own exit price - there are few who think that it is not necessary to change BTC to fiat at all. Regardless of the fact that BTC is actually a currency that can be used to buy and pay for a lot of things and services - how many people have actually practiced this method of payment? People still feel a lot more comfortable when paying with fiat, and now they have another good reason not to pay with BTC, and that is relatively high fees.

I find it stupid to hold forever, and at the same time be in a bad financial situation which some people still do - and some will probably find themselves in such a situation that they will take their BTC with them to the grave. Spend as much as you need, and when you have the opportunity to invest again then do it - in the long run it seems like a good strategy.

[Trinx01]

When we say hodl for a long term, it doesn't mean that you have to hodl it forever, you may set your standard of value so if that value comes up then you may now pull out your money, no one person can predict accurately the price of bitcoin and that would be the hard part being a trader and investor but if you set a certain amount of income you want to have then that would be the time that you have to sell your bitcoin or what kind of cryptocurrency is that.

If Bitcoin does achieve global adoption and merchants start accepting it as a regular means of payment, then you will not have to sell inorder to 'take profit', you simply use it to purchase what you wish.

That is also what I am looking in our country but I don't think that it would be possible as of this day but mune in the future it will, I am aware of how influential bitcoin could be.

[ChiBitCTy]

NO.  This is something that I am constantly talking to my clients about.  You don't actually realize a profit or loss until you actually sell the underlying security/financial product etc.  I often have client's tell me "well in 2008 during the Great Recession I lost $xxxx amount of dollars".  My response is always.. "Did you pull out of your stock investments and move everything to a fixed account, or did you keep things where they were?"  If they say they left things as is, then I tell them they hadn't lost anything as the value grew back. 

[Sterbens]

target to sell my bitcoins if it achieves what i expected long ago. So like it or not we will sell bitcoin which is currently being held for quite a long time. So, hopefully in the future, we will have another unexpected opportunity like before with a bitcoin price of under $ 20,000. I have been tempted to sell it, because there is something I want to buy from this sale.

[kryptqnick]

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.

I think it's actually trickier than that, and not only related to Bitcoin. If a person keeps hodling and hodling, and never spends the BTC this person once bought, I'd say it doesn't matter what the numbers in the wallet show. To actually benefit from having BTC, one has to either sell it for fiat and exchange fiat fro goods/services or use BTC directly for goods/services. In any case, using it eventually is crucial, because until you do that, it doesn't really matter whether you have 0.1 BTC, 10 BTC or no BTC at all. People tend to live their lives hodling without ever benefiting from the wealth they had.

[adzino]

I would say no. As long as you don't sell your coins, I would say you "haven't made any profit or loss". You have the same amount of coins that you had before. You bought that
with specific amount of money. As long as you are holding it, if the price goes up, and you haven't sold anything, you haven't made any profit. Again, if the price goes down and you still have the same amount of coins, you haven't made any loss. If only everyone had thought the same way, no would would be panic selling when the see the price dropping (unless its a shit coin and about to crash).

[Jemzx00]

I would say no. As long as you don't sell your coins, I would say you "haven't made any profit or loss". You have the same amount of coins that you had before. You bought that with specific amount of money. As long as you are holding it, if the price goes up, and you haven't sold anything, you haven't made any profit. Again, if the price goes down and you still have the same amount of coins, you haven't made any loss. If only everyone had thought the same way, no would would be panic selling when the see the price dropping (unless its a shit coin and about to crash).

You've only managed to gain profit if you have receive the money you once invested with additional value, so yes, you haven't made any profit if you only hold onto your coins as long as you want. You must sell it to made your profit.
Just like what is happening in the sneakers community, if you bought a Jordan 1 at retail for 100$ and the current price for it is now 500-1000$ then you can't say that you already profited if you haven't sold it yet. You only lost 100$.
I think the correct term for this is "Potential Profit" as you can sell your assets anytime soon and earn a profit from it.

[Asuspawer09]

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

It's not a good idea just to hold forever because it's your investment and it's gonna be useless if you're not going to use it at all or maybe you could still use it for the future.

What you could do is just invest, invest when the price is dumping or having a correction, and never sell at that price point, and then when you feel like the market price is just way too high like maybe 50k$-100k$ you could start selling a small percentage of your bitcoin so that when it would not be a big loss when the price continues to pump.

At some point, you should sell your bitcoin little by little because soon bitcoin will be overpriced and we don't know the risk something could always happen.

[jossiel]

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

I can't say the price that I'll be fully selling all that I've got or maybe not. In order for us to profit, we have to sell, and holding forever might let you lose the opportunity to make money. The important decision you need to make is to sell whenever you're in profit.

You sell if you're happy with the profits.

You hold if you want to hold longer and you want to avoid the current situation of the market and you're not liking it. Don't forget that if it's necessary to cut loss, then cut loss.

[Renampun]

Thats the trickiest part of crypto. I like to name it 'fake rich'. People think that they can buy lambo but actually they will never be ready to sell btc to buy lambo

*Tesla has announced that they will accept Bitcoin as payment 'lol'...
we live where all are free to choose what they think is best for themselves, I think there is no harm in being a Holder as long as possible because maybe one day they will become millionaires because of the multiple values of the tokens they hodl.

[Quidat]

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

Profits wont be realized until you do sell off those coins which means you do really earn or in profits but those are still on the limbo side because you havent converted it yet
but you can do those things later on if you wanted  to but be sure that you would really be  fast on doing that so that profits wont really be declining.HODL for some people
but others do really  love to buy and sell to materialized everything so its a matter of preference on what are the things you do like into your investment.
Making money is what we do aim for so decisions will vary on person to person.

[wxa7115]

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

These depends entirely on what is your position about bitcoin and your goals, if what you want is to make profits in fiat currencies then if you have not sold your bitcoin yet those are called unrealized profits and in that instance then you are right since you have made no profits yet.

However there are many people that have the conviction that they are not going to have to sell their bitcoin for fiat currencies because eventually bitcoin is going to be accepted almost everywhere and they will be able to use it alongside fiat currencies which means that they do not have to sell and each day that passes in which the price of bitcoin increases the more they can buy with so they had make profits.

[DdmrDdmr]

<…>

It’s not just a matter of price. Talking about this subject on my local board, one of the terms we came up with is that of a "regulation hodler". That is, some people may be willing to sell, but the current regulation in their country is unclear, and they refrain from selling at this stage.
 
People may have started gathering satoshis without too much of an intent, but the rise in price could make their cumulative start to become a pretty stash. The problem arises when what started off as a sort of hobby, and has been so for some years, becomes something non trivial to justify in the eyes of the IRS (or equivalent). Add to that a regulation that is evolving and we’ve got a generation of "regulation hodlers", waiting for the waters to settle before they can even ponder making their sell.