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Author Topic: HODL...until when?  (Read 2067 times)
Lanatsa
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June 26, 2021, 11:51:40 AM
 #121

The answer is simple. There is no certain level for everyone. People set their own price goals. When it is reached, they sell. So, HODL doesn't mean something like we hold our coins forever.

Everyone has a different answer, so the best answer is to ask yourself. Because we all have different targets, so it's up to us to HODL Bitcoin until when.
The most important thing is not how long we can hold Bitcoin, but how sure we are with the targets we have set. My advice as long as our target has not
been achieved then we must HODL the Bitcoins we have. Because of the success of holding Bitcoin when we can be patient holding until the target we
set is achieved.
We do really have different goals and target in life on which these kind of decisions will really be different to each other because same as mentioned that we do have different targets.

Hodl is something that cant really be determined because people do have different mindset which means indefinite situations on when they should sell.

Lots of factors like in need of money will be one of the reasons on why people do make sell, some do panic and some do reach out their goals and that's made out such decisions.

R


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June 26, 2021, 11:57:59 AM
 #122

Depends on your aims really. You may want to have some funds for your old years, or to spend it on your kids, or buy a big house or just withdraw it in 3 years to live on fiat. You shall define your biggest and most expensive aim of your life and hold until you'll be able to afford it.

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June 26, 2021, 04:08:11 PM
 #123

the one who can determine this is yourself because basically everyone has different targets in determining this, but what is certain is to stop being a hodler when you have made a profit. And don't be too greedy for anything.
don't imitate others until when you want to be hodlers, just be yourself with your own plans and targets too

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June 26, 2021, 04:43:34 PM
 #124

Given significant enough holdings one can borrow against BTC for life needs, should the stack be significantly large enough there may not be a need to sell bitcoin ever.
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June 26, 2021, 04:47:09 PM
 #125

What is your hold target?. Hold until you feel it is profitable as you want. Whether you traders or holders we are here, the target is to make us profit. So hold your way to get well deserved rewards.
We're all holding and trading because we're targeting for profit. But there are those people that when the market goes unfavorable, they're quick in selling.

They don't mind thinking before selling and that's why they result in panic selling and that's a very big mistake on their end. You shouldn't sell when you're at loss and you're holding bitcoin unless you just want to cut loss with a few percent.
That obviously will be going to happen when you don't have a plan. It is very important to have this thing otherwise, will go nowhere and brought us to a sad end.

Panicking makes someone turns to emotional stress, I think most of us have such experience ( I can't deny myself) but if we think and keep our mind in focus before we make a decision, maybe we can overcome the stress. Most people had suffered difficulties here because they let their emotions controlled them. That is a huge factor that could affect our decision-making and brought us to worse.
We did experience it.

And that's why as someone who had that experience, I know that holding will make sense if you're very long-term on bitcoin. Panicking won't help you on the very red days.

Being emotional won't help too.

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June 26, 2021, 06:24:34 PM
 #126

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?
2 things:
1. When the target that you've set has been reached.
2. When you need the money badly.

There is nothing wrong it hodling. What's wrong with other hodlers is that there are some who are just hodling and doesn't have any exit strategy which is a wrong thing. As for me, I'm cashing out once or twice every month because I need to pay some bills here and I want to to buy some things for myself too Smiley. Different people have different definitions of hodl. There are some who are hodling just because they want to secure their future. There are some who are just hodling for a short amount of time.

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June 27, 2021, 05:04:40 AM
 #127

This is really a serious question that many people are asking. And each direction of the crypto industry has its own answer. for traders, this is a more complex division of assets, for investors it is the timing of "hodl" for intusiasts and anarchists, this is not a question at all. Everyone chooses the term that is convenient for him to achieve certain goals.

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June 27, 2021, 05:11:10 AM
 #128

there are some people who hold the goal is to wait for the price of the coin to go up if the coin has gone up in price most people sell the coin, and there are also those who hold it for future assets such as people who hold bitcoin they don't sell bitcoin even though the price has gone up maybe they have a target in the future.

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June 27, 2021, 05:43:01 AM
 #129

there are some people who hold the goal is to wait for the price of the coin to go up if the coin has gone up in price most people sell the coin, and there are also those who hold it for future assets such as people who hold bitcoin they don't sell bitcoin even though the price has gone up maybe they have a target in the future.
That should be the ideal goal because you consider bitcoin as a long-term investment that you have to wait for it to finally sell it and get enormous profit if you waited long enough and the profit margin is pretty wide. But there's nothing wrong with selling when the prices go up with a small profit margin, profit is profit and it's the same for those that sell when the prices are going down and they sell immediately to cut losses.

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June 27, 2021, 02:33:45 PM
 #130

Until the price is sky high, and Waiting is not an easy thing to do, hold takes a lot of courage and persistence before you can benefit from it.  It is also a risky game because there will always be the possibility of having one thing you are waiting for to fail or keep going down with no hope of going up.  Hold is also one of the most effective and important strategies in crypto.  And quite a number of successful holders in waiting for the price of the coin to rise.
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June 27, 2021, 11:05:34 PM
 #131

BTC was unpredictable, the price goes up extensively, and goes down abruptly, and sometimes, it was resting for two to three years, before it becomes aggressive.

It was your choice to HODL for long investment or sell when you reach your target price, cause, when you wait too long, possible it was too late to enjoy it.

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June 27, 2021, 11:16:17 PM
 #132

there are some people who hold the goal is to wait for the price of the coin to go up if the coin has gone up in price most people sell the coin, and there are also those who hold it for future assets such as people who hold bitcoin they don't sell bitcoin even though the price has gone up maybe they have a target in the future.
There's a specific price when someone has to sell. Like the last ATH was not their target but they think that it's already the top so they have to sell and wait again for the time to buy.

And for those long term holders, we're going to wait as much as we can and we don't mind what's happening in the market. As long as we're holding, it's all that matter whether the market bleeds or not.

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June 27, 2021, 11:54:54 PM
 #133

The answer is simple. There is no certain level for everyone. People set their own price goals. When it is reached, they sell. So, HODL doesn't mean something like we hold our coins forever.
Everyone has a different answer, so the best answer is to ask yourself. Because we all have different targets, so it's up to us to HODL Bitcoin until when.
The most important thing is not how long we can hold Bitcoin, but how sure we are with the targets we have set. My advice as long as our target has not
been achieved then we must HODL the Bitcoins we have. Because of the success of holding Bitcoin when we can be patient holding until the target we
set is achieved.
We do really have different goals and target in life on which these kind of decisions will really be different to each other because same as mentioned that we do have different targets.

Hodl is something that cant really be determined because people do have different mindset which means indefinite situations on when they should sell.

Lots of factors like in need of money will be one of the reasons on why people do make sell, some do panic and some do reach out their goals and that's made out such decisions.

Because everyone has their own reasons for how long they hold the Bitcoin they have. So we really shouldn't be able to blame other people who
decided to sell their current Bitcoin. As you said it is possible for people selling their Bitcoins to need money in the near future. So whatever decision
we make, we ourselves must bear it. But my advice is not to sell the Bitcoins we have in a panic, it's something we will regret later.

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June 28, 2021, 01:39:54 AM
 #134

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.


smart ones i wish i could be one of them  Grin

but this man talking right take profit when you think its enough dont be greedy when trading.

when you hodl my advice is to pick the coin that have real use case dont pick the shitcoin unless you lucky like shiba coin listed on binance  Grin

or choose coin that have staking feature like cardano so when the value drop you can start staking it



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June 28, 2021, 02:12:47 AM
 #135

Hold until your desired profit. In market sometimes a long time holders can think that hold until when , its depend on their profit that he has make in his mind. You don't know about exact what high price it will go. Trading or holding both are undetermined work mean when to enter or when to say goodbye but to cover this situation you have to hold your coin and forget for sometimes until coin take some journey toward success and development. You will be going to take a big profit.
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June 28, 2021, 10:03:24 AM
 #136

Because everyone has their own reasons for how long they hold the Bitcoin they have. So we really shouldn't be able to blame other people who
decided to sell their current Bitcoin. As you said it is possible for people selling their Bitcoins to need money in the near future. So whatever decision
we make, we ourselves must bear it. But my advice is not to sell the Bitcoins we have in a panic, it's something we will regret later.
they have the right to what they have and do it and nothing can stop it, but I just underline your statement which I think is very relevant at this time, don't sell bitcoin in a panic situation, because anything done in panic will have repercussions be something that is not in accordance with the wishes.

indeed sometimes bad news about bitcoin, always haunts people to do something that is not analyzed first but puts the panic in place. which does not make us unable to learn to think carefully before doing that.

Bad news received and not well thought out actions have had a profound effect on bitcoin's deep correction, but this dreaded behavior will continue and will not change. because bad news is sometimes created to benefit the news maker, and not good for crypto developments in general.

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June 28, 2021, 11:14:00 AM
 #137

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.


smart ones i wish i could be one of them  Grin

but this man talking right take profit when you think its enough dont be greedy when trading.

when you hodl my advice is to pick the coin that have real use case dont pick the shitcoin unless you lucky like shiba coin listed on binance  Grin

or choose coin that have staking feature like cardano so when the value drop you can start staking it




Being wise start from picking or sorting out those available coins inside the market, you should  know how to classify good and solid assets which will soon leads you earn decent amount of money.

Work on with your good research and make sure to extend your time and effort, tough job but very profitable if you do it the right way,

all of us wants to learn the right system and have a winning trading strategy.

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June 28, 2021, 11:46:25 AM
 #138

Hold until your desired profit. In market sometimes a long time holders can think that hold until when , its depend on their profit that he has make in his mind. You don't know about exact what high price it will go. Trading or holding both are undetermined work mean when to enter or when to say goodbye but to cover this situation you have to hold your coin and forget for sometimes until coin take some journey toward success and development. You will be going to take a big profit.
You have to have some goals and not just have a desired profit because it's practically impossible to know when you will get to get that desired amount also worth mentioning that if you can make money along the way, always try to grab the opportunity.
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June 28, 2021, 12:03:38 PM
 #139

Hold until your desired profit. In market sometimes a long time holders can think that hold until when , its depend on their profit that he has make in his mind. You don't know about exact what high price it will go. Trading or holding both are undetermined work mean when to enter or when to say goodbye but to cover this situation you have to hold your coin and forget for sometimes until coin take some journey toward success and development. You will be going to take a big profit.
You have to have some goals and not just have a desired profit because it's practically impossible to know when you will get to get that desired amount also worth mentioning that if you can make money along the way, always try to grab the opportunity.
Wrong , you can put a desired profit but you must allocate enough time , i mean there is no specific time when this will happen.
I had been there before so i know when to say i want this or i want that.
Hold until your desired profit. In market sometimes a long time holders can think that hold until when , its depend on their profit that he has make in his mind. You don't know about exact what high price it will go. Trading or holding both are undetermined work mean when to enter or when to say goodbye but to cover this situation you have to hold your coin and forget for sometimes until coin take some journey toward success and development. You will be going to take a big profit.
\
Same as your investment must not be a funds that you expect to take in certain time instead the funds must be the willing to risk for long time.
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June 28, 2021, 02:33:20 PM
 #140

I will hold back if my target has been reached, and will no longer be for the new target, I will take all of them, because if I trade with greed it will turn things around, it will be a bad thing. as initially profit becomes a loss.

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