Shall We Hold Our Bitcoin Like Gollum?

[kanayaTabitha]

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.

But every decision that we will made, never do all in in every trade because the price of bitcoin or most of cryptocurrency is unpredictable.
Just do it like 5% 5% in every decision we made for selling or for buying just in case to secure our assets from losing too much.
Planning for long time holding is also good and keep focus on buying more when the market is like current condition but it only works if we are planning to hold for more than 4 years.

[so98nn]

I dont think that this will be quick move like that. The cycle of buying and selling will keep going forever the way it happens today and was happening yesterday. Lets not forget we have all the time in the world to mine more and more bitcoin since network difficulty is growing day by day which will keep minting more bitcoin over time. This will also drive the prices to next level and thus peeps will keep selling the bitcoin that they are holding so that they can book the profits.

When they sell, somebody will be buying it from them and that would be the first day for that person to hold and then onwards he will keep holding. This, now imagine on huge scale throughout the world, every second! Its big cycle and it won't be altogether sell.

Remember:
If you are selling, then someone is buying it.

[Viscore]

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.

But every decision that we will made, never do all in in every trade because the price of bitcoin or most of cryptocurrency is unpredictable.
Just do it like 5% 5% in every decision we made for selling or for buying just in case to secure our assets from losing too much.
Planning for long time holding is also good and keep focus on buying more when the market is like current condition but it only works if we are planning to hold for more than 4 years.

  I never intend to hold bitcoin like gollum because i have my own set of plans when to buy and when to sell. I do buying everytime the market shows real dips because there are times that they eventually recover again so the price is not really in its dip. And when i think i need more profits for my own satisfaction then i really do selling when i see good opportunity. No one's gonna stop me because i have set already my plan and i chose to stick on it. Holding like gollum is only good if you are sure already with the coins you want to hold.

[EewardDean]

Bitcoin is the best investment I think is currently the best investment, and it is also a considerable return in my opinion.
Although Bitcoin is volatile, it is normal. Don't panic and make the wrong choice. Then according to your financial ability, you can choose to continue buying.

[lienfaye]

You know we have our own way of thinking. Some people might prefer to hold for long period, some are taking profit at times while continue holding and some are using it as currency for their own convenience.

So as you can see it depends on what we prefer to do to our bitcoin. We cant coerce anyone to hold, buy or sell because its our own decision and no one can dictate us on what to do.

Just do what you think is right and more beneficial for you.

[mksundip]

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.

people aren't going to keep hoarding bitcoins for long. they keep selling a little of their asset, and when the price drops they buy. so people will not hoard long term. they will still sell it trust me

[MIldic1c]

The correct choice is definitely to hold bitcoins for a long time. If you want to get a very substantial profit, you must insist on holding bitcoins for a long time, but you must do your best to buy bitcoins. Don't put too much pressure on yourself, otherwise your own reasons It will force you to sell Bitcoin to relieve the current pressure, make a plan for yourself, and choose to sell when you reach your point of profitability.

[Kakmakr]

The ideal scenario would be for people to hoard about 20% of all the bitcoins they buy and then to use 80% of the bitcoins to pay for everyday things like groceries, gas and utilities.

This is obviously not the case at the moment, because merchant adoption is still slow and most governments has not allowed Bitcoin to be legal tender. (So governments are putting the brakes on Bitcoin adoption as a payment option)

So the best alternative now, will be to find as many merchants and retailers that accept Bitcoin as a payment method and to support them.... and then hoard whatever is left. 

[James Watson]

The reason for this is quite reasonable, and the plan may not keep up with the changes.
You can set your own income goals and choose to sell when you reach them. The profits you get can take your family to enjoy life, but it takes time and patience to achieve satisfactory income.
As long as you wait patiently and not be manipulated by emotions, the future of Bitcoin will not disappoint people.

[Desmong]

You can't be holding Bitcoin like the said Gollum who had precious ring he had kept to himself and never wanted anybody to get hold it. Maybe you should never dare holding Bitcoin like Gollum because the market is unpredictable which will be nice to always take profits whenever you think it's the right time. The market keeps on falling and rising without we knowing the next move it's gonna take...or do anyone knows? Hold wisely mates!

[Vickysagar]

It's pointless to sell BTC now if you don't need it for some emergency. But i don't like this comparsion. Most of us know what and why are we doing this and will sell BTC when there is right moment.

[Sanugarid]

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 actually a good move to hold BTC knowing it would be big in the future but there's nothing wrong about taking profit sometimes especially if you're an experienced trader. You could sell your BTC at a high price and buyback when the price of BTC dips and do the same thing until the number of your BTC increases

[dupee419]

Can't rely on everyone's opinion here but only to a few, you can't hodl on forever and I honestly think that taking profit from what you hodl is fine, you don't have to start hodling like Gollum, it's unnecessary, well, unless you can actually hodl without having any kind of financial problem, then you can hodl like Gollum. 

[imstillthebest]

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.

isnt that a good thing ? it will be more scarce and the value of btc will increase and when it increases it will give people a reason to sell .
 im not familiar on the ring movie but if we are a bitcoin holder , we must hold our btc securely because its value is growing and when the time comes that were going to sell it , we dont rush and thinking of selling it all but we likely keep some for the future .

[Silberman]

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.

Not really, the reason a lot of people are holding bitcoin is because they are waiting for the day in which they can use it freely in a way similar to what it is happening at El Salvador, they are not planning to sell their bitcoins for profit they are planning to hold their bitcoin until the day they can use it freely as any other currency around the world, once that happens then I'm pretty sure that a lot of people are going to begin to use their bitcoin and they are not going to be worried about holding it anymore.

[7788bitcoin]

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.

What do you think people will be doing holding the coins till eternity. At some point everyone will be booking their profit when the price reaches their intended target. I am not going to hold as well, i already booked my profit a long back and the rest of the profit i do consider it as a bonus. Lets say even you have a target where you want to book your profit as you are not going to hold, be it hundred thousand or a million, even  you will be selling the coins  .

[Ziskinberg]

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.

Not really, the reason a lot of people are holding bitcoin is because they are waiting for the day in which they can use it freely in a way similar to what it is happening at El Salvador, they are not planning to sell their bitcoins for profit they are planning to hold their bitcoin until the day they can use it freely as any other currency around the world, once that happens then I'm pretty sure that a lot of people are going to begin to use their bitcoin and they are not going to be worried about holding it anymore.

I hope they will.
I know some think about Bitcoin and consider this thing as the future currency but most or I think the majority had held their Bitcoin for the sake that they can double their money (or more) in the future like what they do upon waiting for the next ATH. There is no wrong with holding but we should also be aware of the consequences of missing some best opportunities.

Anyway, in disregard to whatever the reason why they hold but what I've observed nowadays, the mindset of the people had definitely changed. I saw that many were in the hold status unlike before where many got into panic once seeing a market decline.

[carlfebz2]

I think Bitcoin should be held. Because as long as I've been working, I can see that Bitcoin is growing.Those who bought and held Bitcoin a long time ago now have a lot of profit. So I would say hold on to your bitcoin as far as you can if you can. Many are thinking that this is the end of 2021The price of bitcoin will exceed one lakh dollars. But I think it may be possible soon. So if you want you can buy and invest Bitcoin now.

When it comes to potential then theres no doubt about bitcoin but everything isnt unsure yet which means risk is always there this is why only invest on the amount you can afford to lose and wont really be going all
in just like into those other dumb people doing so which it is really something risky for you to deal with without any ideas.Being a holder might be easy as you do speak

but when you are on the actual situation then there are lots of things that will affect your decision towards your coins not only limited to btc itself but on others as well.

Hold when you do saw some potential and sell out if you do see some opportunity and dont go all in for long time.

[AicecreaME]

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.

Personally, I think it's okay to either sell or hold our assets. Of course, we have different priorities and needs in life, so there's no general rule and there's no point in dictating someone whether to sell or hold. Though it's really suggested to still leave a portion of your funds in bitcoin to avoid regret later on and to generate profit over time once again when it hits a high position. IMO, you can still enjoy the fruits of your labor and patience today without robbing your future. We can take some of our profits every now and then, then invest again when the bearish market approaches and take profit again when bull season enters. It's a cycle you shouldn't fear making because after all, we deserve to spoil ourselves after some time. But as for me, I practice delayed gratification to reward myself. I also withdraw some when I need it to and I don't really feel bad about it because I have to fulfill my responsibilities and address my necessities in life.

[LyJones]

You will have a control over your own assets. When they reach their inner  price, they will be sold at a profit.
I generally hold Bitcoin all the time, and I believe in the value of Bitcoin. I have made a lot of profits.
And I will sell altcoins and some memetic coins for profit.
Everyone has their own combination in their hearts. Some people like to take risks, and some like to hold them securely and earn profits.