You don't need to hodl a particular coin all your life

[Gozie51]

How long have you been hodling a particular coin while the coin has been making progress for your profit taking and yet dropping in your eyes ?

Some people don't understand the hodling technique, they are hodling a particular coin and never sell to rebuy again or to sell and buy another coin. You can sell this coin and buy that other coin that is how to turn over your money.

I didn't tell you to sell your bitcoin and not to buy again. I only say you sell the bull and buy the bear 

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[noorman0]

Of course, just holding without spending any part is a big mistake especially if the market conditions are good to sell it.

HODL is just a word of encouragement during bad moments. It's even clear that GameKyuubi made this word during a bitcoin crash, where it chose to fight the urge to sell no matter how long the correction took.

[Wexnident]

Well, hodling forever is a pretty dumb move. Sooner or later you're going to have to sell that coin. A coin itself isn't always going to go up in the future, not to mention that the purpose of hodling itself is to sell it at a larger price so you can profit off of it more. It's just that some people like to do it over very long periods of time, and that they'd rather not spend it even if they've already profited at the current price, they instead wait for a bigger opportunity. Looking at the big picture so to speak. It's all about how you do the market though, you do you, nothing can stop that.

[bittraffic]

There are some tokens that I have earned from a signature campaign but have not really sold it. I wasn't aware it was distributed actually and that I also did not see the tokens in my wallet because it's sent as BEP tokens. I clearly didn't have BNB but the team release thier token to both chain ETH and BSC chain which left me hanging.

It was late to discover that I have those tokens but I have no BNB as I found out. I just kept the tokens while the price keeps dipping to -70% I did not do anything but just watch the market red which is funny. Once it goes up, I will probably sell them.

[avikz]

How long have you been hodling a particular coin while the coin has been making progress for your profit taking and yet dropping in your eyes ?

Some people don't understand the hodling technique, they are hodling a particular coin and never sell to rebuy again or to sell and buy another coin. You can sell this coin and buy that other coin that is how to turn over your money.

I didn't tell you to sell your bitcoin and not to buy again. I only say you sell the bull and buy the bear 

Isn't it obvious?? If I am holding a coin and never sell it off, how will I make use of the profit? That's common sense! Holding a coin for the rest of my life is not a great idea because it makes us rich on papers but not in reality. It applies to any other kind of investment where dividend is not involved. All we need to wait for the right time to sell and to re-enter the market. I thought that's common sense for any normal people.

[hd49728]

Isn't it obvious?? If I am holding a coin and never sell it off, how will I make use of the profit? That's common sense! Holding a coin for the rest of my life is not a great idea because it makes us rich on papers but not in reality. It applies to any other kind of investment where dividend is not involved. All we need to wait for the right time to sell and to re-enter the market. I thought that's common sense for any normal people.

We don't know what will happen with a coin and its price so if we do make investment, first thing to do is take profit with part of our invesment, get our initial capital back. If our invesment is in profitable mode, we can take profit and get capital back. For the rest, you can HODL and wait for luck to get rich, to become millionaire or bilionaire.

I don't think an approach to spend money for investment and hold with dream to get rich is good. In good case, you can get rich but in bad case you can get rekted and even can not get your initial capital back after all. It's very bad in my opinion in terms of investment, risk and benefit management.

[Masplanc]

It's not possible to hold a coin through out life time. It's only death  that can make a coin to be held for a life time. Coin be hold for a long time and when the price goes up it can be sold out.  I don't  see why coin should be hold for a life time because a coin is meant to be traded and sold out and not to be kept for ever.

[Ararbermas]

How long have you been hodling a particular coin while the coin has been making progress for your profit taking and yet dropping in your eyes ?

Some people don't understand the hodling technique, they are hodling a particular coin and never sell to rebuy again or to sell and buy another coin. You can sell this coin and buy that other coin that is how to turn over your money.

I didn't tell you to sell your bitcoin and not to buy again. I only say you sell the bull and buy the bear  

it's always happened actually. Because a lot of holders decided to dont touch their profits until they reach their target, they don't mind about the situation as well such bearish seasons wherein mostly assets in the market were affected. Probably its because they're expecting too much?. Or they believed that holding for how many years is worth it than short term.

[cheezcarls]

How long have you been hodling a particular coin while the coin has been making progress for your profit taking and yet dropping in your eyes ?

Some people don't understand the hodling technique, they are hodling a particular coin and never sell to rebuy again or to sell and buy another coin. You can sell this coin and buy that other coin that is how to turn over your money.

I didn't tell you to sell your bitcoin and not to buy again. I only say you sell the bull and buy the bear 

If you say about the longevity of holding a certain coin, it really depends on the instinct of the buyer. The cryptocurrency market is so unpredictable, so there are no promises or guarantees that a certain or particular coin will moon later on. We cannot easily predict the future of it as 99.99% of the predictions won’t happen.

I’ve been holding some certain coins for more than a year and counting, but some are just short and mid-term in which I didn’t hold them for long. Our own guts and instinct tells us if we hold for long or sell it now.

[michellee]

When they do not sell their coin at a certain high price, they will not profit instead of just holding without a target when they should sell. If they can sell at the bull, which means a high price, that will be their benefit because they can buy back again when the bear market comes.

I think some people have a high expectation for some coins so if the price is not hit their target price, they will not sell it, although that means they need to hold 10 years without knowing when the price can increase or it will be delisted from the exchanges.

But if that is about bitcoin, I think it is worth holding for a long time. Let's say we want to hold for 10 years later or sell when the price hits $1,000,000. That will be an unknown time but that is still worth it.

[boyptc]

I've been holding bitcoin for many years and I did bought a lot and sold a lot. But I've this part of my holdings that I'm not touching anymore. I've just learned to my past experience that it's better to hold and not touch it and just wait for a few years if I'm going to sell it.

I did these situations, buying at the peak, selling at the peak, buying at the bottom and selling at the bottom. Well, it resorts for me that I'd better just hold it.

That what works for me.

[Natalim]

How long have you been hodling a particular coin while the coin has been making progress for your profit taking and yet dropping in your eyes ?

Some people don't understand the hodling technique, they are hodling a particular coin and never sell to rebuy again or to sell and buy another coin. You can sell this coin and buy that other coin that is how to turn over your money.

I didn't tell you to sell your bitcoin and not to buy again. I only say you sell the bull and buy the bear 

I will hold until I can still able to manage it. Perhaps, selling during the bullish season is somewhat a good idea but sometimes, it never happens to me, and just sold them earlier. I may say I'm not a long-term holder, I would take the opportunity to sell my coins at a very reasonable price and take the profit. It probably people will say that I was wrong but somehow, I was contented with the small profit, at least I secured my funds/capital for the next investment.

[mk4]

Fun fact: you don't really need to have the literal same strategy for every single coin. Some are great long-term holds, while some are crap for long-term and are mostly only short-mid term trades.

Also, "I only say you sell the bull and buy the bear"? Lmao. Yea, timing bull/bear markets surely have worked well for most people.

[mindrust]

How long have you been hodling a particular coin while the coin has been making progress for your profit taking and yet dropping in your eyes ?

Some people don't understand the hodling technique, they are hodling a particular coin and never sell to rebuy again or to sell and buy another coin. You can sell this coin and buy that other coin that is how to turn over your money.

I didn't tell you to sell your bitcoin and not to buy again. I only say you sell the bull and buy the bear  

Holding and trading are very different concepts. You can be a holder or you can be a trader. You are simply telling holders to become traders. If you sell what you hold and make trades, then you are not a holder anymore.

I don't deny it, you can indeed make money from trading. The problem is, people who hold their coins don't know how to trade. They don't know how to read charts, they don't know any TA.

For them, trading is a suicide.

[doomloop]

How long have you been hodling a particular coin while the coin has been making progress for your profit taking and yet dropping in your eyes ?

Some people don't understand the hodling technique, they are hodling a particular coin and never sell to rebuy again or to sell and buy another coin. You can sell this coin and buy that other coin that is how to turn over your money.

I didn't tell you to sell your bitcoin and not to buy again. I only say you sell the bull and buy the bear

When bitcoin was testing $50k to $55k levels for the very first time by last March/April month, many people opted to sell and missed the rally up to $64k but might have got chances to buy back around $30k levels but that is not a big deal.

The real concern is, people who booked profits around $50k with the anticipation of bearish market but market moved slowly toward $60k and then decided to buy back for not missing out the rally which was expected to last until $100k but failed to break $70k people who had bough back around $60k levels might have missed the rally between $50k to $60k which is the problem; we can eliminate such thing when we opt to hold for life. I am just talking about only bitcoin and even you target to hold for life long, you may book profits at any time you prefer for life's most important requirements.

[Furious 7]

There is no set time but if the coin is progressing and I get a large enough profit then I will sell it, no one will hold it when there is a chance I will take it.

Maybe some always misinterpret the difference in hodling but everyone is different with the technique they understand and I only know the technique of holding is holding on longer and waiting to be profitable.

Sometimes it's hard to say buy when the market is bear because too much speculation, after that will regret after being bullish.

[beerlover]

I didn't tell you to sell your bitcoin and not to buy again. I only say you sell the bull and buy the bear

If you are not good in technical analysis then you will get trapped. Selling around ATH may sound like an easier one but practically I will not risk because I am making enough money with a long term holding. Even if I decide to follow your suggestions then I may go for only 10% of bitcoin holding and definitely not for all of my bitcoins.

even you target to hold for life long, you may book profits at any time you prefer for life's most important requirements.

That must be a good practice. Everyone must be having some personal goal even they are declaring themselves as a lifetime holder, but if you target only for short term target and if you exit then you may need to remain regretting about your small target because bitcoin is continuously appreciating which may remain same for next 100 years as well.

[Pasa32]

Yes, it is true that we must sell when the market is bull and buy when the market is bear. But what will happen if the bull run keeps on after our selling. We may miss high profit in this case. But if we didn't sell in bull and bear comes  .

[jaberwock]

How long have you been hodling a particular coin while the coin has been making progress for your profit taking and yet dropping in your eyes ?

Some people don't understand the hodling technique, they are hodling a particular coin and never sell to rebuy again or to sell and buy another coin. You can sell this coin and buy that other coin that is how to turn over your money.

I didn't tell you to sell your bitcoin and not to buy again. I only say you sell the bull and buy the bear 

It seems you are trying to confuse between holding and passive way of trading. Not all the people are ready to risk with their long term holding assets. So far we had only two times of 4 year cycle which must be not enough proof to sell the bull with the plans of buying back.

Your method may help one to maximize their number of bitcoins but for the people who target only USD value in long run may not bother this due to the risks involved. You cannot say it would be a safer method compared to long term holding.

[Dragonfund]

Any coin that I enter with my money, I always have an exit for them regardless of when i hold it or how long it will take me to sell them.
You cant hold a coin for a complete four year cycle  with profits and refuse to sell and when uncertainty comes in, the whole profit will just wash off, thanks to crypto for it imminent volatility. There is nothing actually wrong in selling off and taking profit, wait for the market to relax and buy back again because no matter how the market is shill and manipulated, it will always have an ending point where everyone will be selling and you don't want to get caught in that, no matter the profit you made, profit is profit.