Shall We Hold Our Bitcoin Like Gollum?

[Ararbermas]

Many of us are hoarding more Bitcoins over time. That is also the reason why Bitcoin dropped sharply on exchanges
transactions in the past few years.
Will we sell out of Bitcoin one day? Like how the ring was thrown into volcanic lava.

it's a normal scenario that there are still some people who can caused bitcoin to drop but the reason is to take profits and to avoid the crash mate, wherein not a big deal that we need to leave immediately because it will gonna die very soon, nope!. Bitcoin will last and i believe that as long as there are still more people and big investors who always sees bitcoin is more valuable and important when the price is at the very dip level.. Indeed that's the reason why bitcoin still alive nowadays,  so it's impossible we will gonna lose bitcoin in the future.

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[Marvell1]

I will convert my bitcoins or altcoins to local currency when I really need money or something. Gollum sacrificed his life to hold the ring and then he also vanished with the ring. Bitcoin is also a currency, an investment channel that ensures daily life, so I will sell when necessary and will continue to accumulate BTC when I can.

[Mikayla Buckley]

Everyone can hold Bitcoin. The unit of Bitcoin is small. Even if your investment is only a small amount each time, the accumulation will become a lot.
Bitcoin will not sell out. He will continue to buy and sell. The value will get higher and higher. Bitcoin is also legalized in many countries and can be paid or invested.

[Rokon5]

This subject will depending his own opinion. Every investor should knowledge about trading.When will come a scope then we need some Bitcoin and hold them for long time.There are already many people who hold Bitcoin,   I am sure that they have been achieved  profit from here.

[zanezane]

Much better if you're not just hodling but you're also finding other means to make money and at the same time make more investments. Hodling alone won't get you nowhere so better if other streams of income is found to sustain you and help you not sell your bitcoin prematurely.

[Woodie]

Many of us are hoarding more Bitcoins over time. That is also the reason why Bitcoin dropped sharply on exchanges
transactions in the past few years.
Will we sell out of Bitcoin one day? Like how the ring was thrown into volcanic lava.

If we are holding on to our bitcoins for a long time does that mean someone with a bigger sack is taking advantage and selling or taking their profits when price goes up at the expense of its hodlers?? I doubt  it, people keep practicing the buy low and sell high concept over and over and I can tell you it's much more profitable than being a hodler as you can take profits on several occasions. And I think we have more hodlers today than we had back in the day because the volatility seems to have lowered down.

[Assface16678]

Obviously it’s nice to take some profits at times. I’ve been HODLING since 2014 & sold hardly anything. I will make bigger sells in Q4 though as I expect more ath’s towards the end of 2021. Never sell your whole stash though, bitcoin is going to gain more & more mainstream adoption as the years pass. We will probably see $1,000,000 per coin in the next 20 years.

Yes this is good, specially if you need the profit. The idea of not selling all of you stash and just selling what you think is right is a good move of profiting while holding. Hoping to see the 1m$ in the next 20 years.

[stomachgrowls]

Many of us are hoarding more Bitcoins over time. That is also the reason why Bitcoin dropped sharply on exchanges
transactions in the past few years.
Will we sell out of Bitcoin one day? Like how the ring was thrown into volcanic lava.

Demand is something that cant really be controlled since value would really matter on where you do engage on and doesnt matter if its crypto or not then it would surely counts.

HOlding isnt bad but as n investor then you should really be setting some targets or goals on when you do secure your profits although there are indeed people who do really
hold that much no matter what the condition is.

Hold if you do still trust on after a decade or actively making out some sell to secure profits which isnt really a bad idea at all.
Its a personal choice to make though.

[OgNasty]

I’ve never watched Lord of the Rings, but this Gollum guy sounds like the typical late to the party maximalist. Guessing their appearance isn’t too far apart either. Just remember, don’t use your Bitcoin for anything. Hold it until some other newcomer will pay you more money for it. That’s totally not a Ponzi scheme and will change the world. Don’t question it.

[Slow death]

This is a subject I've seen people discuss for years and honestly the answer I find is that many people who do hold don't seem to ever want to sell, it seems like they're people who have bitcoin just to hodl and die without using it. it's a strange way of thinking since bitcoin Is money. I can't understand this way of thinking of doing eternal hodl. what's the point of hodl it and the person dying without using coins they've hodl for years? I can not understand this. in my case I sell whenever I make a profit and use bitcoin to buy things in the real world

[passwordnow]

We will. We're only waiting for the possible highest price that it can make. Someone is aiming for $100k until he sell and gets out of the market, some are for $500k-$1M.
It's all about how much you project bitcoin in the future but we can sell as much as we can. But we're about to stay even if we sold for the retirement since I've seen a lot of folks were saying that.

[Rengga Jati]

Many of us are hoarding more Bitcoins over time. That is also the reason why Bitcoin dropped sharply on exchanges
transactions in the past few years.
Will we sell out of Bitcoin one day? Like how the ring was thrown into volcanic lava.

Even I am a holder, I will take certain times to sell my Bitcoin (at least some) to take profits.
Actually, being consistent to have more and more Bitcoin for investment is interesting. However, at least, taking profits is also important, at least for me personally.
And every time that we have the moment to buy again the coin, we can buy it and make it as an investment again.

[Kasabus]

Many of us are hoarding more Bitcoins over time. That is also the reason why Bitcoin dropped sharply on exchanges
transactions in the past few years.
Will we sell out of Bitcoin one day? Like how the ring was thrown into volcanic lava.

Even I am a holder, I will take certain times to sell my Bitcoin (at least some) to take profits.
Actually, being consistent to have more and more Bitcoin for investment is interesting. However, at least, taking profits is also important, at least for me personally.
And every time that we have the moment to buy again the coin, we can buy it and make it as an investment again.

It's not that we are only here to keep hodling our coins and continue seeing its price continue to grow. Our main goal which is to make profits and enjoy it should not be put in our last option. Atleast once in a while we were able to enjoy the profits that we have been working for so long. And once its done, then maybe re invest again for future profits.

I know that most of us have been so greedy in hodling our coins longer for better prices but don't tell me if emergency case suddenly arise, won't you sell some of them? The choice may still vary at some point at a time.

[Wawa2013]

Many of us are hoarding more Bitcoins over time. That is also the reason why Bitcoin dropped sharply on exchanges
transactions in the past few years.
Will we sell out of Bitcoin one day? Like how the ring was thrown into volcanic lava.

Even I am a holder, I will take certain times to sell my Bitcoin (at least some) to take profits.
Actually, being consistent to have more and more Bitcoin for investment is interesting. However, at least, taking profits is also important, at least for me personally.
And every time that we have the moment to buy again the coin, we can buy it and make it as an investment again.

It's not that we are only here to keep hodling our coins and continue seeing its price continue to grow. Our main goal which is to make profits and enjoy it should not be put in our last option. Atleast once in a while we were able to enjoy the profits that we have been working for so long. And once its done, then maybe re invest again for future profits.

I know that most of us have been so greedy in hodling our coins longer for better prices but don't tell me if emergency case suddenly arise, won't you sell some of them? The choice may still vary at some point at a time.

I believe most people invest in Bitcoin to be able to make a profit, therefore if there is an opportunity to take profit, it should be done. Because
we should not hold Bitcoin forever, but hold Bitcoin until it reaches the target we want. So don't be too greedy when investing in Bitcoin, I even
if the price of Bitcoin pumps suddenly like when Bitcoin rises to the price of $ 52k, I sell the bitcoins that I own partially. So when the Bitcoin price
drops to what it is now to $45k, I can buy more Bitcoins. It's true that the longer we hold Bitcoin, the bigger the profit we generate, but it's good
to occasionally take profit. So in my opinion a healthy investment in Bitcoin, must know when to enter the market and when to leave the market,
not holding Bitcoin for as long as possible.

[Spack17]

We shouldn't hold our coins like Gollum. Because there will be no meaning in HODLing a coin then. HODLing doesn't mean that you will keep your coins forever. You should be able to sell your coins sooner or later. Maybe you can set a price goal or not, but it is important to sell at some point.

[Quidat]

We will. We're only waiting for the possible highest price that it can make. Someone is aiming for $100k until he sell and gets out of the market, some are for $500k-$1M.
It's all about how much you project bitcoin in the future but we can sell as much as we can. But we're about to stay even if we sold for the retirement since I've seen a lot of folks were saying that.

If its not really needed for us to sell then we would simply just hold it but if there are instances on where we do need to sell for some other personal purpose then its not bad to sell it off.
There are really instances or situations in life which we cant really avoid and its a situational thing.Holding like Gollum isnt bad as long you dont compromise something important like
health or emergencies because whats the use of money if you are totally disabled,dead,situations when its too late just because you do strictly hold.

[Coyster]

In my opinion, Bitcoin users who prolly have a stable source of income in RL that can handle their needs and maybe even wants as well should not sell their coins, and even if they will, it should basically just be a fraction of it, not all. I mean, many fiat currencies are struggling with Inflation, so really, selling your Bitcoin for a devaluing currency when you don't actually need the money may be counterproductive in the long run.

Of course it's not possible to hodl forever, but tbh, in the future, if mainstream adoption becomes a reality with Bitcoin becoming a legal tender almost across the world, then users may then not even have to sell any of their coins, but just hodl as an investment and also use it comfortably as a currency. But having said that, in the Bitcoin network, control is with the users, thus do with your funds as you please.

[tulpash]

I love your idea. The Ring and Sauron are one.

[Zanab247]

It is your choice to sell or to hold like gollum. If you release your coins to market today, you will not regret it because the price of bitcoin is still good to make a good profit.
Since the price of bitcoin is not too stable yet, it is advisable to users to sell and make more Profit before the price of bitcoin decrease to $30k soon. It is better you sell and make something from your investment than to hold it long and lose  more Profit.