HODL...until when?

[Shasha80]

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.

Unfortunately many people can't control themselves to face the current situation. Which it must be admitted makes some investors stressed,
because the market has not yet recovered. Only people with mentally strong could hold coins in the current situation. Most people panic and
sell the Bitcoin they have, which is not the initial goal that many people want. And don't make bad news an excuse for us to panic and sell
our Bitcoins, should be with a lot of bad news circulating we can be more patient with it. No matter how much bad news circulates, it won't last long,
because the good news will come in the end. A patient person who usually succeeds enjoys positive results.

[radjie]

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?

exactly Hodl is planned to get bigger profits when prices are rising sharply. if we sell it now it will be used by those who make purchases at low prices, therefore Hodl is advised that we do not throw away the coins we have at low prices, it does not mean planning savings for retirement

[Raflesia]

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.

We have to work hard to do this because sorting out a good and solid coin is not easy even if we choose the top coin, what we are looking for is a quick profit by doing what we can even faster profit with full hope

I know this research is quite long and requires a strong strategy for us to show, to be honest I am not easy to do this and even continue to learn about technical analysis so that I can be more fluent in reading all directions of indicators and I think if the determinant for HODL does not need a strategy etc. the important thing is that you are ready for a long time with the word HODL.

[uneng]

To hold isn't a common rule everyone should follow exactly the same way. Each person has different goals and necessities in life and have to adequate their holding strategies to their own lifestyle in order to fulfill these needs. For how long to hold is a very personal decision that is only up to each individual. I can only say the profitability of bitcoin is much more promising the longer you hold, but you are the one who decides when to sell and shouldn't always take in consideration what others are doing before selling or buying your coins, because again, everyone has different goals and necessities.

Develop your intuition, set financial goals in your life, learn how to manage your money and you will find the answer for this question in yourself.

[SonyZ3+]

I think the correct answer would be that you have no other reason. It is subject to everyone's opinion about Bitcoin and future prospects. Unfortunately, many people cannot control themselves to face the current situation. Holds are kept by those who have lazy money. Or to put it bluntly, those who have no economic weakness. They can only hold.

What do holders actually do? If the investment period is long, it is called hold. Bitcoin is fluctuating a lot these days and because of this fluctuation, only mentally strong people can hold their currency in the current situation. Because most people sell in panic. But my opinion is that you should never cash all your bitcoins. Leave some bitcoin for your future generations.

[cr1776]

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?

Why cash out?  When bitcoin hits another 1.5 to 2 orders of magnitude in fiat terms, it will be more stable and you can just transact easily in bitcoin.

If you think you can time when to get in and when to get out, just ask the people wiped out by margin calls how that worked.  Or who sold in March 2020.

[jerry0]

I got to wonder... what about those ppl who own a ton of btc... like imagine 100 btc or more etc.  I mean that is more than enough to retire right now if they were to sell everything.  Then you have those whales who probably have 500 btc or more.  I mean... even if you sell half of that, that is already rich etc.



I also don't understand the thing with rich people... if they have like a huge net worth already... think like 10 million dollars or more... isn't that enough to just not care anymore?  Like why be concerned with price or that when they are already super rich?

[wahyu wida]

At least if you say hold, it is certainly part of the investment, which uses cold money, which does not interfere with the necessities of life. and this is done there is no definite time, until we get the results. On the other hand, psychology must be strong in facing risks in the future

[ali1177]

that's a great question until how long we should HOLD. well the answer would be different for everyone. My strategy is that whatever the coin we have invested we should put the sell order so whenever the price will reach at that level our order will automatically be executed.

[Oasisman]

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?

It is something that a Bitcoin believer would only understand.
Those who wants to make rich overnight would never understand the essence of hodling.
If you understand how the market works, you'll probably have a specific target/figure in your mind on when will be the perfect time to cash out.
As you witness, Bitcoin has been rapidly increasing more each and every year passed. Do you think Bitcoin would stop at this current market situation when every institutions, retail investors are starting to get interested in crypto?
If you know the answer, then you'll probably come up to a figure in mind.

[Obito]

~snip

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.

I think putting a desired profit sometimes end up with you getting or doing something unexpected. Also, what you are saying is only applicable to the one that had been heres before as you've said, what about the newbie, their desired profit sometimes cause them to panic especially when the prices go down.

[BigBos]

hold the coin until you feel you have benefited from it, or when the price is high. I've done it until recently, but I also sometimes don't sell the coins I own when the price is high. well, that's probably hoping for a higher price. however, hold on until you reach your goal.

[AicecreaME]

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 think it really depends on someone's timetable and plans in life. Personally, I plan to hodl until the time I need funds. If ever bitcoin's value will sky rocket, I will withdraw some of my holdings and build a business that will generate additional income. If it goes well, my extra money from the profit will be returned back in bitcoin to give back the funds I have withdrawn.

Long-term investment is what makes me hodl in cryptocurrency. I like crypto as a form of investment vehicle compared to its 'competitors' because it is a lot safer medium when it comes to deflation. Although I always recommend diversifying of funds because i believe it's always the wisest thing to do - not putting all your eggs in one basket. However, to each his own. We have different priorities in life after all.

[Nrcewker]

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 basically means setting up a certain target according to me.
You got calls from some source that this particular coin will increase very soon upto a certain limit.
So you buy that coin and set a target upto that mark. This is basically a pure example of Hodling.
If you have the guts then only invest and hold for long term.
Once the target is being reached, cash out and get the quick cash.
As easy as that.

[Japinat]

hold the coin until you feel you have benefited from it, or when the price is high. I've done it until recently, but I also sometimes don't sell the coins I own when the price is high. well, that's probably hoping for a higher price. however, hold on until you reach your goal.

That's the simple meaning of HODL, it's mostly based on the target price, not the target date.

If you are holding a good coin with good potential, then you should not worry about holding it even in long term, just like bitcoin and some altcoins that have grown 100 times, if you were able to hold until you see that increase, you are definitely in a big profit already.

[blockman]

That's the simple meaning of HODL, it's mostly based on the target price, not the target date.

Target price it is. If you have set a target date, you'll never know how much it is going to be and if the price seems to be low and you've set the date to sell, you probably won't continue to sell on that date. Hodl until you meet the price not the date and there are other people who are saying that it's better to hold and you don't have to sell it. But the main essence of holding is we're trying to reach the highest price as much as possible.

[Slow death]

That's the simple meaning of HODL, it's mostly based on the target price, not the target date.

Target price it is. If you have set a target date, you'll never know how much it is going to be and if the price seems to be low and you've set the date to sell, you probably won't continue to sell on that date. Hodl until you meet the price not the date and there are other people who are saying that it's better to hold and you don't have to sell it. But the main essence of holding is we're trying to reach the highest price as much as possible.

most people I see talking about hold have no target selling price. Is as if they were doing hodl until they died without spending any satoshi, I don't understand this way of thinking because in principle bitcoin is equal to money so it's something to be used and not to be kept forever, it's true that the value of bitcoin increases when there's a lot of demand, but that doesn't mean people should hodl forever. in my case I use bitcoin whenever I need

[awik p]

That's the simple meaning of HODL, it's mostly based on the target price, not the target date.

Target price it is. If you have set a target date, you'll never know how much it is going to be and if the price seems to be low and you've set the date to sell, you probably won't continue to sell on that date. Hodl until you meet the price not the date and there are other people who are saying that it's better to hold and you don't have to sell it. But the main essence of holding is we're trying to reach the highest price as much as possible.

most people I see talking about hold have no target selling price. Is as if they were doing hodl until they died without spending any satoshi, I don't understand this way of thinking because in principle bitcoin is equal to money so it's something to be used and not to be kept forever, it's true that the value of bitcoin increases when there's a lot of demand, but that doesn't mean people should hodl forever. in my case I use bitcoin whenever I need

right, the absence of a selling target means that they seem to have no direction, I agree with what you do to sell them when needed. but it will be luckier if we sell it when we are at the peak, so the money we get will be more, and when bitcoin goes down like this we start to buy it, because in my country I can't buy anything with bitcoin, so it must be made into fiat first

[Faysal Fahad]

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?

Well; everyone has their own story! Personally, I know the real value of BTC, that’s why I have no plan to sell my holding BTC so cheaply.
But you know; now we are in corona pandemic situation. So, everything is unstable now!
Such as, I sold my (full bag) 0.67BTC in the Q1 of 2020 and I have no regret! Because, I needed that amount badly, afterward I buy back in Q4 of 2020.

[Kittygalore]

~

I believe this thread has nothing to do with any other cryptocurrency besides bitcoin. So I hope you really understand that what is being discussed is about bitcoin and nothing else.

Have you heard of generalization? I mean, hodling almost applies to any cryptocurrencies and not just bitcoin. I do understand the question, and I am not responsible if you don't understand that I was generalizing.