HODL...until when?

[NeuroticFish]

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've earned some coins here and there and I've also spent quite a big part of them. HODL? Sure! I'm even accumulating.
Clearly I can't use the money when I'm dead, hence:
1. I do spend some of my earnings. This way even if the levels from point 2 are not reached (during my life time), I will still not be angry.
2. I do plan to cash out some bigger chunks when the price reaches certain levels. What levels are OK for me doesn't matter for you, but for example one such level is around 1 million EURO.
3. I plan to get to the point that although I cashed out some, I'll also leave some for my retirement. I don't know if the amounts I have will cover all my plans, but .. at least I have plans  

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

Well, some may have sold at a loss, then bought back at even better price. In theory, at least, it is possible.
In reality, usually it's just bad decisions piling up, FOMO and panic making many people lose money.

[15days]

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.

Are you Asian by any chance? Weird question, I know.

[ScamViruS]

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.

Everyone has their own way of thinking, which is very different from others. But I like your thoughts. If we plan for the future from where we are now, we have the potential to do a lot better, because Bitcoin is giving us the opportunity to think more deeply. I always have a long-term plan with Bitcoin, and I think this is the best way to hodl bitcoin. Because those who become more attracted to the market and start trading with their bitcoins, they lose their bitcoins.

So there is no way to lose bitcoin if you make a long term hodl. This will allow you to leave those bitcoins for your children in the future. So those who think like you they enjoy long term good results in the future.

[wxa7115]

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?

That is up to each person to decide as the circumstances are going to be different for each person, if you are young then you could think of your bitcoin as an extra retirement account and if the amount of bitcoin you have is small then it could be a good idea to hold for decades.

I know this could seem to be too long but holding for that period of time could help you to make amazing profits, now if you have a lot of bitcoin then the time you need to hold gets shorter, also your age is another factor, if you are on the older side then it is impossible to hold for that long, this is why no one can really tell you for how long you should hold but at least you should do it until you are completely sure the price is never to go down below the point at which you bought.

[macson]

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?

you can't hold your BTC forever so make a "price target".  Everyone's needs are different, some hold their BTC for their children, some hold it till BTC up to $100k....so decide when is the right time you will sell the BTC you hold.

[thecodebear]

It means you hold long term until whenever you want.

For me, I already retired in 2019 thanks to Bitcoin, and I will gradually sell bitcoin here and there to buy land and houses or other very big things. Probably move some into other asset classes as well just so I'm not 100% in crypto eventually, leave a bitcoin each to my nieces, probably cash out a couple eventually in order to take advantage of whatever opportunities come my way, I'll cash out a little bit at the beginning of next year so I have a plenty big emergency fund, probably use one to help out friends at different times, maybe i'll use one to donate to good causes at different times, maybe i'll use one to start a business or set up an organization at some point for something I dunno, I plan on taking some space trips when commercial space flights are available so I'll set aside a couple for going in to space and going to the moon and maybe even going to mars later in life if that's a viable option, and I'll still probably have at least a couple left when I die which hopefully I will have set up to give relatives ownership over. Basically I plan on gradually selling/using them over the next few decades for either huge purchases or moving into other asset classes or helping people, though mostly over the next decade or so, whenever I want to do something big money-wise, and I'll end up setting up my relatives with generational wealth as well.


HODL for however long you want.

[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.

So there is no way to lose bitcoin if you make a long term hodl. This will allow you to leave those bitcoins for your children in the future. So those who think like you they enjoy long term good results in the future.

I think that we don't realize how powerful those who have bitcoins will be in 50, 60, 70 years from now... I'm really excited about the future!

[Haunebu]

Varies from person to person basically. Some people might want to HODL for just a single day while some might want to HODL for years.

The smartest HODLERS are the ones who deposited small amounts into popular cryptocurrencies long back and saved the private keys in some safe place and intentionally avoided checking their prices on a regular basis.

HODLING is definitely not for everyone. Personally, I prefer it over day-trading for several reasons(No pressure, convenient etc).

[dataispower]

There are different types of people HODLing Bitcoin, the active traders take profits at the slightest time while those who believe in the technology, forsee the chaos in the current Economy and those who wish BTC to attain a certain high price level before they can sell. For every buy point there is a tired seller who is giving up on HODLing, it varies from person to person. You can sell anytime your taste of profit has been met.

[Viscore]

Varies from person to person basically. Some people might want to HODL for just a single day while some might want to HODL for years.

The smartest HODLERS are the ones who deposited small amounts into popular cryptocurrencies long back and saved the private keys in some safe place and intentionally avoided checking their prices on a regular basis.

HODLING is definitely not for everyone. Personally, I prefer it over day-trading for several reasons(No pressure, convenient etc).

For me, hodling can be done by any one of us but in the end, only those who are patient enough will survive and succeed. But hodling for the rest of your life is never a good decision though because you won't enjoy the profits of your patience if you never sell them too.

I'm still hodling some of my potential coins that i think will have more rooms to grow, but i have also plans when to sell and let go of them. I prefer to sell them when i think the price is profitable enough and definitely when i need them the most like when emergency cases arise or maybe good projects that need more budget to be fully realized.

[abel1337]

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?

Honestly I HODL BTC for the profits. I have a short-term hodling wallet which I can hodl for more than a year. I did earn a pretty satisfying profit from the recent bull run and today I am waiting for the price drop and accumulate some. I have a separate long-term hodling wallet, It's mostly like a dead wallet that doesn't have any transaction other than my first deposit for depositing BTC to that wallet. I have that wallet for 5 years and I didn't even touch it even It experienced 2 bull runs.

[Mika220]

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?

My easy recipe: Buy, for example today and hold 6m. after that you can see your profit and made cash out. It depends what crypto you bought.

[Issa56]

From the little experience am having I believe everybody is having plans and target I believe everyone is holding there coin and they are having target whenever it gets to there target they will definitely sell off and some people are holding there coin for future purpose I believe some are holding there coin for there children. So everybody is having specific purpose why he is holding a particular coin. Currently must of the coins am having am still holding them because they have not gotten to my target yet.

[Spack17]

HODLing doesn't mean that you will hold your coins forever and never sell and convert them to fiat or something. For example, I set some level goals for me to sell when I reach them. Otherwise, there would be no meaning. Everyone sells their coins at some point. Maybe not all of them but it is like I said.

[CoinFoxs]

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?

Before trading set a maximum profit in your mind according to the potential of coin, but keep one thing in mind don’t invest the amount that you need in near future only invest your spare amounts so when price drops you can wait for the pump. HODL as much as you can but when you think that the coin reach their all time high price sell them and reinvest your capital and enjoy the rest amount you get as a profit.

[gundala]

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?

in fact, hodl is a term that is often used by crypto users to hold or store crypto assets in the long term even though the price drops.
this requires strong mental and consideration, only diamond hands can survive seeing assets whose value continues to decline, but with the belief that prices can recover because the project fundamentals are good then it is not a problem.
the decision to sell the held assets depends on several things: 1) the needs of each holder, 2) choosing the milestones or golden times of project development, such as token burning, mainnet launch, etc.
This condition is different for each person. it is very important to understand the basics of market and fundamental analysis so as not to be easily carried away or fomo.

[Ryker1]

^{[ Hodl until you need money or unless you're in profit ]}. Most of the coins won't get pumped much do invest carefully and if you get in profits then start selling. You can buy back later as these coins were bound to fluctuate.

Well, that line above was my choice with my bitcoin that comes from earning here in the forum, --but if my personal investment, I rather hold it for a long time and never use it. That is why as long as you can only invest what you can afford, you don't need to think about selling your investment while at dip because, for you, you invested only the amount that you can afford. However, on my side, if we are taking here, --I will always have a separate amount of bitcoin that intended to hold for a long period of time. Because for the purpose of the emergency situation and there is an asset that I quickly sell when the most I needed it.

[ReiMomo]

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?

In my principle, I always doing this, buy low and sell high, and did not sell my bitcoin at a lower price. Of course, you can only cash out when you see that you can able to get your profit, but if not, surely you have blindly accepted the fact the you have already a loss. Because not all the time is cashing time in bitcoin, sometimes, you need to be patient before you will earn and the most safest way is to wait until when your profit was there.

If your purpose is to hold for the long term, it will be served as your retirement plan or any asset that you use in the future when the most you needed it.

[dunfida]

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 means to hold until you met your desired price and ready to sell to take profit.

Trading is a bit easy yet hard if you know, what I mean. You trade so easily without a hassle yet you face the problem of volatility. The movement that even the best trader would have to struggle to predict correctly. But if you do more technical analysis before trading you might as well hit a bonus and get a good profit.

[albon]

There is no specific period of time for you to hodl your coins, you must set a specific goal for the profits that you will gain from hodling coins, you must not be greedy and be satisfied with the profit you set, No one holds his coins forever. There is a time when you must decide to sell, I don't mean to sell at a loss, but sell when your profits are good.