HODL...until when?

[15days]

Those who advocate hodling, when do you cash out?

I mean, dying hodling is not the plan, is it? Eventually, you'd need to enjoy the fruits of your patience, right? When is that, when someone says "hodl"? Is it a savings plan? A retirement fund? What does it mean to hodl?

[UserU]

For me, when I really need the funds. Which I don't at the moment.

Smart ones will take profits when they are ready to, and re-enter when there's a correction. While having some stash too.

[Raflesia]

How long do you plan to hold on for a long time? If we enjoy the process of holding from now on of course it will take a long time and will find the right results during this time and I am sure true hold will find and enjoy the results of this.

But I can't always say with retirement money or savings because this is still very difficult to predict and has not determined the big payoff or vice versa.
So for me when we hold and have determined exactly where the advantage is in sight, then I need to take it right now.

[masterrex]

Those who advocate hodling, when do you cash out?

I mean, dying hodling is not the plan, is it? Eventually, you'd need to enjoy the fruits of your patience, right? When is that, when someone says "hodl"? Is it a savings plan? A retirement fund? What does it mean to hodl?

IMO, I think it depends on any personal timeline, but for me, I don't hold longer than what I've set upon in the very beginning, my reasons are mainly about the fund's availability because I'm not rich, and my funds are very scarce and limited that's why I can't afford my capital (funds) remain idle for a very long period. the longest period that I was holding is about a year or more during the 2018 crypto winter but it does not end well.

[ChrisPop]

I think the correct answer would be until you don't have a reason to anymore. This is subjective to each one opinion about Bitcoin and its prospects for the future.

What do HODL'ers actually do? - They are long on Bitcoin price. They think the price will, at some point in time, go higher.

What are the costs of HODLing? - Not being able to participate in other opportunities with the financial power locked up in Bitcoin, but then the question is - do you really want to "lock" your earned money in anything else than BTC? That's another question that each one of us need to answer in their own mind. 

[sapnu]

Hodl until you see the price you're waiting for or until you see the value increasing continuously. Waiting was never an easy thing to do, it requires a lot of courage and perseverance before you can accomplish and benefit from it. It is also a game full of risks since there will always be a possibility of having that one thing you're hodling for fail or keep on going down with no hopes of rising. Nevertheless, it is one of the most effective and important strategy in crypto and many people can prove how beneficial and effective it can once you get through it.

[AGD]

[livingfree]

Those who advocate hodling, when do you cash out?

"When the price is right".

I mean, dying hodling is not the plan, is it? Eventually, you'd need to enjoy the fruits of your patience, right? When is that, when someone says "hodl"? Is it a savings plan? A retirement fund? What does it mean to hodl?

Yes, we're not planning to hold until we're dead. There's no essence of making some profit when we cannot spend anymore and the one that's going to spend it can no longer be found.

For some, it's a retirement plan and at the same time, it's a savings plan. You sell whenever you are confident with the price.

[mk4]

Crap, you beat me to it.

Just to add: it's going to be different from person to person. If you're mainly just a trader/speculator, then just set a price point that you're happy with. On the other hand, if you're an enthusiast and you understand the problems with the current financial system, then you'd totally understand why we won't sell unless we really need to.

[20kevin20]

Hodl until you feel like that's enough profit for you. Or perhaps you hodl'd until the adoption grew so much you could buy groceries with BTC. There's no specific definition for it, the time to stop hodl'ing is the time chosen through your own definition of the word.

[virtualdn]

It's your BTC you HODL as long as you want. I'm hodling since 2013 and never cashed out a satoshi. How long will I hodl? I don't know, will probably cash out 10-15% at a given time to enjoy the fruits of my labor, but I will never cash out all my BTC. I plan to leave some to my kids also.

[Lee_Mire]

Literally this. Hodl until you can spend it or exchange it directly for what you want. Going back to fiat defeats the purpose of bitcoin. This whole "investor" and speculative phase is blurring the line on what bitcoin really is. Bitcoin is an alternative, better form of money! Use it as such.

[xmonkeyx]

Those who advocate hodling, when do you cash out?

I mean, dying hodling is not the plan, is it? Eventually, you'd need to enjoy the fruits of your patience, right? When is that, when someone says "hodl"? Is it a savings plan? A retirement fund? What does it mean to hodl?

I don't agree with people who suggest holding on too long. I think it's better to sell it when it's profitable, that's a very good way in my opinion. there are many considerations and must be studied before investing in crypto including when we have to cutlose.

[Bitstar_coin]

There is no time line for hodl, anyone can decide to hodl as long as they want to take profit anytime they feel like, this depends on you and the target you want to see the price go to before you decide to sell or not, hodl you definitely not be forever, one must cash out at some point.

[bitmover]

Crap, you beat me to it.

Just to add: it's going to be different from person to person. If you're mainly just a trader/speculator, then just set a price point that you're happy with. On the other hand, if you're an enthusiast and you understand the problems with the current financial system, then you'd totally understand why we won't sell unless we really need to.

Exactly.

I plan to be able to buy stuff with bitcoin.  I will save in fees, and it is possible to avoid somes taxes as well.

I was once able to rent a house for a month once using bitcoin, I was quite happy about it

I hope in future I can buy a new PS5 using bitcoin here in Brazil.

Recently I have sold a small amount of my "holding stash", before the recent crash (about 5%, but I wish I had sold more). My strategy is to sell a few % every month during a  bullrun.

[bitzizzix]

HODL as you like, most importantly when you make a sale in a profitable situation, we are all here to make a profit, so before making a profit, HODL is the most appropriate choice.
and it is not easy or fast to profit from bitcoins before the mentality and patience are ingrained and strong in you, and the profits will surely come if you are patient and do it for the long term because the bitcoin boom is not over yet.

[Remsjack]

I am so bullish on BTC, we can't imagine what it will be worth in the future. I want to leave some to my kids, so they could benefit from it. I will HODL until death I guess.

[Similificator]

Those who advocate hodling, when do you cash out?

I mean, dying hodling is not the plan, is it? Eventually, you'd need to enjoy the fruits of your patience, right? When is that, when someone says "hodl"? Is it a savings plan? A retirement fund? What does it mean to hodl?

Sky is the limit my man! What hodl means depend entirely on the perception of the person who is hodling! But in an easier sense, for the sake of you question, when you have already reached your set of goals be it small or big. Specially at times when you feel down or unmotivated to do anything. That is when you know that you need to reward yourself even if just a bit. It can also be called a savings plan, yes. But only to an extent since roi and capital itself can be lost depending on your timing and on the status of the market. Still, most people see bitcoin as a great savings option. Specially those who plan on holding for years.

[teosanru]

Those who advocate hodling, when do you cash out?

I mean, dying hodling is not the plan, is it? Eventually, you'd need to enjoy the fruits of your patience, right? When is that, when someone says "hodl"? Is it a savings plan? A retirement fund? What does it mean to hodl?

HODL until the people who are telling you to HODL sell themselves so that you can sell your holdings for peanuts too. Remember those people telling you to buy the dips since 55k? Where are they now? They are the people telling you to HODL now. The only way to earn money in bitcoin is to think wisely. Either make systematic investment every month to average your holdings or wait for a good dip to buy a good position of 25% of your capital. Buying at every drop is sheer stupidity. Even if the price goes to 1 Million in future. Investing 1000$ at $50k would make you 20000$, while investing at $25k would make you 40000$. So don't do stupid HODLing. Buy at good points and set your time period of holding it.

[sheenshane]

Those who advocate hodling, when do you cash out?

When you see your profit was there, don't be dumb selling your Bitcoin under the price you've purchased it.

I mean, dying hodling is not the plan, is it? Eventually, you'd need to enjoy the fruits of your patience, right? When is that, when someone says "hodl"? Is it a savings plan? A retirement fund? What does it mean to hodl?

The word volatility makes Bitcoin price fluctuated and it will go up and later on it will down.  So, the word HODL here is the perfect and safe strategy for investing in Bitcoin because all you have to do is wait until your profit was there.  It could be your retirement plan when the price goes up because Bitcoin has a limited amount in the market and has a basic law upon moving the price, the demand, and supply.  This is the reason the price move in an unknown direction depends on these two options, the demand, and supply.

What does it mean to hodl?

HODL, is an acronym that stand for “Hold".