Alisha-k
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July 03, 2021, 12:33:06 PM |
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Those who advocate hodling, when do you cash out?
Every investor should have a profit target and also have the dicipline to take profit once the target has been met. Most times greed comes in even after having your expected target most investors still refuse taking profit and end-up whaling in the dip. Take profit and re-invest but don't forget to spend some on your self so you can actually feel the taste if your patience
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DarkDays
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July 03, 2021, 12:47:37 PM |
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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. Well put. Holding is different for everyone as each of us have different numbers in their mind. Those who successfully HODL will be the ones that will benefit from market bulls in months or years to come. It is imperative to know the market really well in order for you not to get shaken by small volatility.
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Mistafreeze
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July 03, 2021, 01:20:29 PM |
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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?
When you are holding, you need to put all strategies in order to know the best time to sell, not just holding consecutively, blindly without knowing what is happening in the market. As an investor, news is very important which is one of the factors that influence the price of a coin. You can keep holding a coin seeing it falling but still not bordered because you know your plans, knowing when to take your profits from the market without being dumped. Many newbie investors always ask this question of when to sell their coins, maybe because they've not really gained the insight of how price react with time. My advice is, once you've make some gains in a coin, sell if price keep dropping cause the market will always do what it wants.
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pinggoki
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July 03, 2021, 01:37:22 PM |
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Those who advocate hodling, when do you cash out?
Of course, you will just hold until the price went goes up and study the market movement so that you will be able to know if the investment that you've made was good or not. Doing your own research on the movement of the market will really give you a huge help because at that time you will know when it will dump. A real investor knows when to sell and when to hold their assets and another thing is that always remember that don't be greedy because there are a lot of persons who are getting greedy over and over and ending up losing their whole assets.
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verita1
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July 03, 2021, 01:56:31 PM |
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Hodl will depend until you decide. Everyone has a purpose with their bitcoin for my part I have proposed to use it to pay for the University of my underage nephew and niece. I also do it as an experiment taking into account that I live in a country with hyperinflation and economic conditions that can influence the process of hodl my bitcoin. I am not anxious to press the button, I am only interested in knowing how this new stage of bitcoin develops.
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Tahsin Kabir Kollol
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July 03, 2021, 02:06:49 PM |
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In fact, it is difficult to say for sure that the market price will go down again after reaching any height. So how long to hold is entirely up to the investor. Every investor has a certain profit expectation and knowledge and skills exist in market analysis. So everyone can hold on to the expected profit and give up when the desired profit is achieved. On the other hand, by using the skills acquired through market analysis, it can be released by observing the market situation, retaining resources, and maximizing profits.
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zanezane
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July 03, 2021, 02:23:47 PM |
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Hodl will depend until you decide. Everyone has a purpose with their bitcoin for my part I have proposed to use it to pay for the University of my underage nephew and niece. I also do it as an experiment taking into account that I live in a country with hyperinflation and economic conditions that can influence the process of hodl my bitcoin. I am not anxious to press the button, I am only interested in knowing how this new stage of bitcoin develops.
Exactly, you will know it when the time to stop hodling and start selling, you have a pretty good place to live knowing that you can survive since you are hedged against inflation.
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SFMHodler
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July 03, 2021, 02:25:04 PM |
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I'll hodl until it's a life changing amount or until it goes to 0. Nothing between.
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john_nautica
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July 03, 2021, 02:28:02 PM |
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I guess it can be said that patience is truly a virtue in cryptocurrency. While it is true that there are risks in holding, primarily the devaluing of coins, there are also benefits and rewards waiting for those who do. I personally hold until the day came that I think it is time. I take all the time that I need in researching and deciding when to actually do it, to maximize the profit that I may gain. But it is important to also consider that there is volatility and so lost chance to sell for a good price is melancholy.
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blockman
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July 03, 2021, 08:32:14 PM |
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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 Many they are not yet decided at which price they're going to acquire some profits. It's important to take note of when you're going to sell because if your sole plan is to hold forever, there's nothing that lasts forever and you need to take profit so that you can enjoy your money and the patience, effort, and money that you've invested as you hold. There are a lot of emotions that have been made upon one's investment in cryptocurrency and all of those must be switched into joy through taking our profits someday.
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DoublerHunter
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July 03, 2021, 09:14:40 PM |
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I guess it can be said that patience is truly a virtue in cryptocurrency. While it is true that there are risks in holding, primarily the devaluing of coins, there are also benefits and rewards waiting for those who do. I personally hold until the day came that I think it is time. I take all the time that I need in researching and deciding when to actually do it, to maximize the profit that I may gain. But it is important to also consider that there is volatility and so lost chance to sell for a good price is melancholy.
^ Probably those people that can hold longer time are those people who have abundant resources when it comes to financial, because the reason to pull out your investment is when the most you needed and there is nothing left with you, so even you know that the market had crushed too much. You still sell your BTC to fiat just because you need financial support. I hold some BTC, but sometimes when I need badly a money I can't control myself selling a small portion that I holding in my portfolio. Nevertheless, if you can able to hold for how many years and set as a retirement plan, much better.
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romero121
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July 03, 2021, 09:26:02 PM |
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If you've got some target profit out of the investment, then hold until it is reached. Apart from this, to make an earning out of cryptocurrency investment one should have patience. Because the market can reach high in no time as well as can get dump unexpected.
Myself have the plan of investing on one particular altcoin which I sold during the bearish market. This grew high by now, and looking at this I've decided to buy and hold that specific coin until it reaches its ath once again.
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magnum1010
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August 24, 2021, 09:18:59 AM |
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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 plan is to hold it for at least 5 or 10 years until I really need money. Also if I see a new big bull run and Bitcoin more than 100 000$ I will start selling, but of course not the whole amount. But now I stick to the strategy of buying small amounts every month, so my average price now is 34 000$ for BTC. You are right that it is pointless not to sell and fix profit at all, as Bitcoin even don’t give you dividends.
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jossiel
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August 24, 2021, 10:19:52 AM |
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Savings, retirement, vacation, plan.
Anything that someone wants to treat his holding with those and knowing when to sell, it will go down to your satisfaction and belief on bitcoin.
I've read some said up to $1m they will hold. If you've got a lot and can endure the hear with every correction, aim at least 10%-25% higher of the current price and then so on so forth.
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$crypto$
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August 24, 2021, 03:10:16 PM |
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If I am on retirement money of course I will buy bitcoin and HOLD it for a long time and after that forget the wallet that kept it and reopen after a long time, I want to prove that bitcoin brings higher ROI over a long time.
There are so many ways to hold it, whether it's futures or targeted but if I have money saved I won't forget the opportunity, for me the starting point is the most daring thing.
Try using cold money for HODL.
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Smartvirus
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August 24, 2021, 03:11:17 PM |
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One thing that you must take into consideration on the various investment advices you read from comments here is that, they aren't final. It might offer a way out on financial freedom or how to make the most of your crypto investment but, how you should to enjoy these benefits is up to you.
Hodling has never change and won't. In fact, your never going to hear a time when, it would be advocated that people should sell and take profit no matter how ripe the market might seem. That's because, which ever benefit you enjoy at any point in time, it isn't ultimate but that doesn't mean, it isn't enough for you. You have to find that point when it agrees with you via ROI wise then, you've got your green.
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flip4flop
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August 24, 2021, 03:32:15 PM |
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The way I look at it is another investment for the long term. I have no plans to sell any crypto unless I need the money in an emergency to fund something or to reinvest into crypto in another way such as diversify into another coin, adding another few ASICs or GPUs to mine. Other than that I plan to hold at least another 3-5 years before evaluating what I want to do with the core holdings.
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DarkDays
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August 24, 2021, 03:45:49 PM |
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HODLing is not for everyone. This is why when markets are green only a minority of people benefit from their long-term (ie. >5 years) of holding.
The strategy works for people who are not dependent on that money for their living expenses and hence can live life without it. Unfortunately, not many people have that possibility and thus end up selling when they reach their risk level or profit margin their happy with, but that doesn't mean that they're not doing the wright thing - they just do what is right for them.
So, HODLing is great but so is day trading and it is your personal circumstance that determines which one of these two sides you fall into.
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lepbagong
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August 24, 2021, 04:34:33 PM |
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HODLing is not for everyone. This is why when markets are green only a minority of people benefit from their long-term (ie. >5 years) of holding.
The strategy works for people who are not dependent on that money for their living expenses and hence can live life without it. Unfortunately, not many people have that possibility and thus end up selling when they reach their risk level or profit margin their happy with, but that doesn't mean that they're not doing the wright thing - they just do what is right for them.
So, HODLing is great but so is day trading and it is your personal circumstance that determines which one of these two sides you fall into.
maybe I can agree with what you mean, because you are right in saying that whatever someone will do, be it HOLD or Day Trading, will certainly be as good if it is done at the right time with good analysis. Doing a hold can certainly take a long time and is usually in accordance with the halving situation which will always occur for every 4 years where it is certain that the price will increase from the moment you bought it to be held. will always happen and again it takes a long time to get the best results. even if you are going to do day trading it will also be as good as Hold if it is done well planned, indeed the risk will be greater for day trading compared to Hold and almost certainly Hold without any risk other than of course time.
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Sir Legend
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August 25, 2021, 05:48:18 AM |
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Savings, retirement, vacation, plan.
Anything that someone wants to treat his holding with those and knowing when to sell, it will go down to your satisfaction and belief on bitcoin.
I've read some said up to $1m they will hold. If you've got a lot and can endure the hear with every correction, aim at least 10%-25% higher of the current price and then so on so forth.
Bitcoin has given me a lot in my life, when i was mining with 3 units of S7 from 2015 to 2018 i was able to buy things that i used to think impossible, even though i can no longer earn like 3 years ago but i am very grateful with bitcoin. maybe I will buy and hold until the target price I want can be achieved.
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