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Author Topic: HODL...until when?  (Read 2131 times)
hichamito37
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August 27, 2021, 09:10:31 AM
 #201

you first need what is your holding target? Hold until you feel it's as profitable as you want it to be. Whether you are a trader or a holder we are here, the goal is to make us profitable. It is important that we know how to wait patiently and control our emotions.

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August 27, 2021, 04:49:50 PM
 #202

For holding, I think each person can have a different target. But surely, no one plans to hold forever. If you ask me, simply I will say to hold until Bitcoin price can reach $65k+. I don't target till Bitcoin price about $100k, for me to sell my Bitcoin at $65k-$70k is enough. After selling all my Bitcoin, then I will focus on selling my altcoins, will plan to convert all to USDT. So, before the end of this year, I am only holding USDT.

Well that depends upon on the holder on which profit they are preferred, if the holder is contented with the small amount that is being held and sold of the desired target, that is fine because at least he makes a profit after holding for a long time or even in a short time. I like your idea, you are aiming at a small profit that potentially will happen in a short period of time of bitcoin because, for me, bitcoin will not grow too much, it will always have resistance after dropping the price and after dumping, it follows with pumping.
Following you with that statement, indeed the person who choose to hold always may decide when he plans to sell his assets, if you are okay with gaining small percentage then it will not take that long for you to hold, as the market will triggered your set targets in a much quicker span of time.

Though it's also depends on when you made your entry, if you bought at the very peak and the timing of the correction take place, consider waiting for longer time before you achieved that small growth from your investment.

It's always best to set your target and patiently wait till the value hit it up, then enjoy all your profits.

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August 27, 2021, 05:31:06 PM
 #203

Those who advocate hodling, when do you cash out?
When price was low as in below $10000 it was easy to target x5, x2 ,x10 as this was possible with the high volatility of these assets....now price is high and entering the market today would mean targeting a cash out at $100,000 which is far fetched if it's a personal investment but if this is treated as an investment for your kids holding for several years should be possible and x2, x5 should be within reach



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?
Savings plan is a better wording for it.

 
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August 27, 2021, 05:43:09 PM
 #204

For me, HODLing is not a thing that lasts forever. When I buy Bitcoin, I set a price goal to sell immediately. Maybe I sell all of my profit or I leave some of it in my investment. I think that setting a price goal is a very important action. Because when people don't do this, they become really greedy. They don't want to sell their profit even if they make a great deal of profit. And this can harm the investments of this kind of people. They can lose a lot of money in a short time. You can just set a price goal and get yourself accustomed to sell when the level is reached. I bet that you will start managing your investments much effectively.

 
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August 27, 2021, 06:04:39 PM
 #205

You can take your profit at any time. So there is no time limit for you to hold. It all depends on what your initial plan is like. If it feels profitable and in accordance with your target, you can just let go of the hold. Because in bitcoin trading we are given the freedom to do so.

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August 27, 2021, 08:46:14 PM
 #206

You can take your profit at any time. So there is no time limit for you to hold. It all depends on what your initial plan is like. If it feels profitable and in accordance with your target, you can just let go of the hold. Because in bitcoin trading we are given the freedom to do so.
Here is the problem. Don't always think about the profit. Don't keep on holding just just because you aren't making profit. Sometimes it is better to let go off your investment and suffer some loss. Better than losing everything including your mental peace. This holds true mainly for some random coins that you have invested in during a pump. Once those coins starts to drop, there is a high chance it will never recover, but drop down even further. Better to sell than keep on holding!

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August 27, 2021, 11:49:48 PM
 #207

Actually this is only depand on you how much profit  you want and how much loss you can bear. Hold does not mean to hodl for all the time. You need to set your mind and your required profit.  I sell when I needed cash . I don't care weather it would be loss  or profit

It is true that everyone has their own target, if they have already achieved the desired target, there is no need to hold on anymore. And my advice is
not to be too greedy in pursuing profit, if indeed we think the price of Bitcoin has reached a high enough price, we can take profit. And can buy
Bitcoin again when the price is corrected, so don't be obsessed with big profits when investing in Bitcoin. I also if there is an urgent need, I without
thinking will sell the Bitcoin that I have, even though I have held it for quite a long time. We ourselves have to decide when to sell our Bitcoins,
because everyone's strategies and conditions are different.

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August 27, 2021, 11:55:31 PM
 #208

HODLing doesn't mean that you will continue to hold your investments forever. Of course, you will sell all of them or some of them at some point. Here, the most important thing is that people should never manage their investments blindly. They should always have a roadmap. For example, you can just set a price goal to sell an amount when the price reaches there. This prevents the investors from being greedy also. This is the main logic of HODLing to me.
Exactly. Holding doesn't mean forever.
Everybody should have a certain target that they want to reach, based on the period of the time (years) or even based on the price that they expect.
Sometimes, taking profits for some of the assets after holding for a long time is also need moreover in order to take profits and get the sweet results of the long HODL.
But of course, it will depend on the coins themselves. If that is Bitcoin, we can take a certain amount only and let the least to still HODL. But for altcoins, moreover new, I don't think to hold because we don't know it can really survive or not  Grin

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August 27, 2021, 11:58:12 PM
 #209

Actually this is only depand on you how much profit  you want and how much loss you can bear. Hold does not mean to hodl for all the time. You need to set your mind and your required profit.  I sell when I needed cash . I don't care weather it would be loss  or profit

It is true that everyone has their own target, if they have already achieved the desired target, there is no need to hold on anymore. And my advice is
not to be too greedy in pursuing profit, if indeed we think the price of Bitcoin has reached a high enough price, we can take profit. And can buy
Bitcoin again when the price is corrected, so don't be obsessed with big profits when investing in Bitcoin. I also if there is an urgent need, I without
thinking will sell the Bitcoin that I have, even though I have held it for quite a long time. We ourselves have to decide when to sell our Bitcoins,
because everyone's strategies and conditions are different.
We do have different minds and we do have different goals and targets inside our heads and there would be some several factors that might affect your decision thats why it isnt an assurance
that you would really make profits when you do hold and depending on what coins you've been holding and come to think that not all the projects do succeed this is why its been ideal
to stick with the best or top ranking coins which you do saw which does have chance or potential in future years to come specially if you do intendedly hold for
longer years to come.

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August 28, 2021, 07:49:24 AM
 #210

Everyone has different ideas and different plans, but I like to plan my own future, so I invest in Bitcoin for the long-term, because I think Bitcoin is worth it. Long-term holding can help me make amazing profits.

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August 28, 2021, 07:59:42 AM
 #211

I think it is also necessary to distinguish the timing. It can be sold at a good time. There is no need to last for a long time. There is no prescribed timeline. It is entirely up to you.
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August 28, 2021, 08:01:07 AM
 #212

   Hodling until the reach the Goal as we wanted ,doing things is adventurous you can save or hold for a long time  that you've invest.

Goals often change, I think when we get the ideal profit for example 15% a month then selling is a good thing, there is always the opportunity to buy again so when we get a profit then we have eliminated the fear of losing, this is usually the trick I do so I will sell when i already get 15% profit.
Every trader usually holds for profit holds until the specified goal is reached many people have less patience for investing so you can sell your capital if you make a profit from it. I think it would be better to hold on to a currency like bitcoin for a long time you will get more than 15% profit on long term hold.

Experienced traders able to practice that way, setting their targets and wait till it reached before letting it go.
But in most cases, newcomers and some other intermediate traders changes directions when fear comes out from the market.

Very important to have a good practice and more good knowledge about the assets that you are investing with.

In that way, you'll be able to gain compensation and lessen the chance of losing your initial capital.
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August 28, 2021, 08:13:55 AM
 #213

hodl until your goal is achieved or hodl before bear market comes up otherwise soon or later u get rekt and also there is early leave problem too so hodl is not so easy Cheesy

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August 28, 2021, 08:39:12 AM
 #214

hodl until your goal is achieved
This is achievable because if we are talking about bitcoin it is always safe for Holding even if this take you long time.

but this lower part?

Quote
or hodl before bear market comes up otherwise soon or later u get rekt and also there is early leave problem too so hodl is not so easy Cheesy
How would you know that the market will be bearish when no one can really tell unless it happens?

i doubt that we can particularly understand when the dump comes or when to perfectly sells .

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August 28, 2021, 12:30:14 PM
 #215

when we hold is when the price of the coins we have just rises in a small percentage amount,
and release if it reaches the target we set,
if it's released don't ever regret what you've released because usually when the coins we release always keep going up and we regret releasing the coin, it means we are not true holders

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Ngewex Yuk
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August 28, 2021, 02:18:56 PM
 #216

I think it is also necessary to distinguish the timing. It can be sold at a good time. There is no need to last for a long time. There is no prescribed timeline. It is entirely up to you.

Only people who have a lot of money can hold it for the long term, for me bitcoin and crypto are short-term investments (less than 3 months), when I get the profit I want then I immediately sell it, moreover I'm still in college so there are many sudden needs.

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heatstreak_2012
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August 28, 2021, 09:31:31 PM
 #217

Any new analysis on when BTC will reach a $100k? Maybe hold until then is good or you suggest us to hold even beyond that?
Kayum10029
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August 28, 2021, 09:43:44 PM
 #218

Necessity means no law, I don’t wait for the price of bitcoin to rise when I need it. With Bitcoin I perform all the activities of my world and all my activities . As a result, I can't always wait for Bitcoin to grow.

Kayum10029
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August 28, 2021, 09:48:03 PM
 #219

Any new analysis on when BTC will reach a $100k? Maybe hold until then is good or you suggest us to hold even beyond that?
Bitcoin will not reach one million dollars with one jump, it took a long time for Bitcoin to reach this position, Just as Bitcoin had to wait a long time to get to where it is today, Bitcoin has a long way to go before it can cross millions of dollars.

Wawa2013
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August 29, 2021, 07:26:06 AM
 #220

~
It is true that everyone has their own target, if they have already achieved the desired target, there is no need to hold on anymore. And my advice is
not to be too greedy in pursuing profit, if indeed we think the price of Bitcoin has reached a high enough price, we can take profit. And can buy
Bitcoin again when the price is corrected, so don't be obsessed with big profits when investing in Bitcoin. I also if there is an urgent need, I without
thinking will sell the Bitcoin that I have, even though I have held it for quite a long time. We ourselves have to decide when to sell our Bitcoins,
because everyone's strategies and conditions are different.
We do have different minds and we do have different goals and targets inside our heads and there would be some several factors that might affect your decision thats why it isnt an assurance
that you would really make profits when you do hold and depending on what coins you've been holding and come to think that not all the projects do succeed this is why its been ideal
to stick with the best or top ranking coins which you do saw which does have chance or potential in future years to come specially if you do intendedly hold for
longer years to come.

Why don't we depend on other people's opinions, because we certainly have different goals and targets. If we want to invest according to our
own analysis and research, it will make us more confident when making decisions. From the selection of coins, to the target that we will achieve,
we should decide for ourselves. So don't be lazy to learn everything about crypto, so we can find out which coins we should buy and hold.
Most people will usually choose to invest in top ranking coins, because it is safer for long-term investment.

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