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

[lixer]

Imagine you have been holding bitcoin for 10 more years with high expectations surely you won't regret it so it depends on everyone situations and expectations but keeping it low and realistic will give consistent returns while holding long may suprise you with hige return or upset you with no returns but before making investment be ready to lose the capital.

So far bitcoin has proved that in real time. The longer we are holding bitcoins, the higher the return we could enjoy. From all these, I am really hesitating to agree with OP because there will be no point of not holding bitcoin for rest of our life.

There should be some exception for every conceptual thing and this way bitcoin investment must be one of the the exceptional investment opportunity which could be worth to be holding for entire life. I guess there could be bitcoin like few altcoins also might be available hence we cannot have any general opinion on holding period of any cryptocurrency.

[Mauser]

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 that the opposite off a HODL strategy when we try and actively time the bear and bull markets? When it comes to bitcoins I am a huge fan of HODL but when it comes to alt coins I prefer a more active approach. Don't get me wrong, taking profits is important in any trading strategy, it is just that the long term profit from a HODL strategy is beating a lot of the active strategies. Buying before the rally and selling before the drop sounds very cool, but how do we actually know when the trends are switching? Finding the right points to buy and sell is very hard and requires a lot of time and research, following the HODL approach is just so much easier.

[FanEagle]

Imagine you have been holding bitcoin for 10 more years with high expectations surely you won't regret it so it depends on everyone situations and expectations but keeping it low and realistic will give consistent returns while holding long may suprise you with hige return or upset you with no returns but before making investment be ready to lose the capital.

This is the problem with most people, they do not want to see that much further ahead in crypto. Most people who buy a stock of a company they trust, end up holding it for decades, and that's how they build up their wealth, hell some people (rich enough I suppose) could literally take out a loan against their stock holdings, like a collateral.

So, I would suppose that there is a good chance we could see people holding crypto for decades one day, but right now people want to make a quick buck. If people keep focusing on what they could profit this month, or this year, then they are going to not really make that much profit. I made an investment during 2020 saying that I will hold at least until 2030, if I am financially doing fine then I will hold even longer, hopefully until I retire and old. That is how you build wealth, not by finding gems that make you rich by luck.

[dunfida]

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.

Maybe those hodlers are just don’t care about the current situation and really don’t want to take profit yet, imagine also those whales are not just holding and not selling yet because they believe on something big. I personally don’t  want to hold forever, but I’m not satisfied with my profit yet so I will not sell for now. Hold is very important for the market, we can’t afford if all whales sold their holdings.

Actually depending on self preference because not all would really be on the same mindset on which you do really get contented on what you do have now as profits on your current portfolio but once you do see it
to be considerable then you would definitely sell on that price level. Let those people do make their own decisions in life since its their money after all and neither they would be holding for years
or would be having that fix time for them to harvest out on what they have been holding for too long but for me it would nice if you do able to see profits in short term basis.

[freedomgo]

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.

Maybe those hodlers are just don’t care about the current situation and really don’t want to take profit yet, imagine also those whales are not just holding and not selling yet because they believe on something big. I personally don’t  want to hold forever, but I’m not satisfied with my profit yet so I will not sell for now. Hold is very important for the market, we can’t afford if all whales sold their holdings.

Actually depending on self preference because not all would really be on the same mindset on which you do really get contented on what you do have now as profits on your current portfolio but once you do see it
to be considerable then you would definitely sell on that price level. Let those people do make their own decisions in life since its their money after all and neither they would be holding for years
or would be having that fix time for them to harvest out on what they have been holding for too long but for me it would nice if you do able to see profits in short term basis.

Well, if we compare making profits in short term basis consistently versus long term profits, i think they are with the same value. So yes, i also believe that its way better to often make profits in every opportunities we see than to hodl a particular coin without no goal price to sell and it may take forever. But still, we have our own preference and mindset, make sure the end result will still be profitable.

[stomachgrowls]

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.

Maybe those hodlers are just don’t care about the current situation and really don’t want to take profit yet, imagine also those whales are not just holding and not selling yet because they believe on something big. I personally don’t  want to hold forever, but I’m not satisfied with my profit yet so I will not sell for now. Hold is very important for the market, we can’t afford if all whales sold their holdings.

Actually depending on self preference because not all would really be on the same mindset on which you do really get contented on what you do have now as profits on your current portfolio but once you do see it
to be considerable then you would definitely sell on that price level. Let those people do make their own decisions in life since its their money after all and neither they would be holding for years
or would be having that fix time for them to harvest out on what they have been holding for too long but for me it would nice if you do able to see profits in short term basis.

Well, if we compare making profits in short term basis consistently versus long term profits, i think they are with the same value. So yes, i also believe that its way better to often make profits in every opportunities we see than to hodl a particular coin without no goal price to sell and it may take forever. But still, we have our own preference and mindset, make sure the end result will still be profitable.

If we keep hodling the coin, its like we're not after with the profits because we will not make any profits anyway if we don't plan to sell it. And for me, it makes me think that you are afraid to get losses so you did not sell but you're losing all the opportunities to enjoy your profits. So think about it, what's your purpose not to sell, and just keep on hodling the coin?

Hodling could neither have possible reasons which is for long term profits or totally aiming or having that kind of support on a particular project that you've been holding with and not all people would

really be having the same purpose that they do have in mind so its a personal choice just like on what others been saying but we do share up on the same aim which is to make profits.
It only differs with the duration though and each one of us doesnt have same level of patience and perseverance on things that we do have in our mind.

Dont hold for long and sell if you do see if its the right time and determining those exact time couldnt really be precise as always but you could make out close calls.

[GreatArkansas]

(......)
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 

This is very easy to say but difficult to achieve, like how you will know it's bull and if it's bear? There are a lot of things that need to consider.
Another thing is, taking profits is always not a bad move, I like what you said above about using your profits to buy some potential altcoins. But you should not get carried away or overconfident, because maybe you did buy at the wrong time.
Sometimes also you don't need to diversify your funds because if you just selected 1 coin and sized in, you are good.

[ethereumhunter]

At least, you already make a big profit. I am sure you can buy back for more in the other time. If you already bought bitcoin a few weeks ago, you are really making a lot of money right now because bitcoin has already increased to $50,000.

If you are just holding bitcoin without knowing when you should sell, you will not make any profit and you only become a watcher while the others are trying to race to buy low and sell high and trying to make a profit.

Imagine you have been holding bitcoin for 10 more years with high expectations surely you won't regret it so it depends on everyone situations and expectations but keeping it low and realistic will give consistent returns while holding long may suprise you with hige return or upset you with no returns but before making investment be ready to lose the capital.

When you bought bitcoin at the very lowest price 10 more years ago or when bitcoin was released on the market and hold it and forget it, you will be amazed and feel surprised to see what was happening to bitcoin now. You will suddenly become the richest person in your town and maybe you are one of the richest people in the world and never imagine that. Maybe you will sell for some bitcoins and hold the rest amount and at that time, you will believe what bitcoin can give to you in the future and hold your bitcoin for more years.

[MFahad]

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 

Yes you are Right in your saying. Market give us many opportunities to sell in high and again buy in low bjt sometimes coin start pumping continuously and does not give chance to re buy again. We should sell 70% when its give us big profit and then wait for dump to bUy again 

[ven7net]

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 

As practice has already shown, the one who at the very beginning bought BTC and would sell it now, would not receive a really big profit. From this side, it is profitable to hold cryptocurrencies for maximum profit, but this takes a lot of time, and you want to get profit right now. To do this, some people start trading cryptocurrency, which allows you to simultaneously be a holder of cryptocurrencies and make a profit. From this point of view, it is really better to be a trader. Although there is a third option, for example, to hold some of the cryptocurrencies, and to trade the other part.

[Lanatsa]

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 

Yes you are Right in your saying. Market give us many opportunities to sell in high and again buy in low bjt sometimes coin start pumping continuously and does not give chance to re buy again. We should sell 70% when its give us big profit and then wait for dump to bUy again 

Easy to say but would really be hard to be done because market is truly unpredictable but doesn't mean that you cant do it and this is where experience and skills will differ on each person.

Hold if you are unsure on what you would gonna do but if you do love to play with fire or does love on risk taking then its up to yours whether you do make out active trades.
With just using up our common sense then we would really find out for ourselves on which action would really be worth for us to take.Lots of trial and
error indeed.

[blockman]

In general, now the market allows you to simply buy various coins and keep them in your account. After all, sometimes it is difficult to guess which of these coins will grow significantly.

It's hard for us to guess but if we're aware of the capability of the coin that we've bought, we can have that assumption that it's either good for long term or short term.
That's why our involvement with our investment is actually the key for it to know if you know what you're buying. Without having the thought of it is going to make you broke if you just buy according to the suggestion of people and you're not involving your own time for the research and anything in particular to that coin that you're interested.

[Slow death]

Most people don't see investments as something to increase money and they spend, on the contrary there are people who started to look at investments as something that serves to show off something like: I made 1000X profit and I'm still doing hodl, man this is insane , the person already has 1000X profit, why would he need to hodl something that already has 1000X profit? I dont understand

[harizen]

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 ?

We can't generalize people's approaches toward holding a coin because not all have the same strategy.

If they did it "that" way, then so be it as it's effective for them. The same goes for other strategies.

In other words, we should just mind our own business and just focus on determining the right time to buy or sell. Not all are having the same view about "hodling".

[Natalim]

In general, now the market allows you to simply buy various coins and keep them in your account. After all, sometimes it is difficult to guess which of these coins will grow significantly.

It's hard for us to guess but if we're aware of the capability of the coin that we've bought, we can have that assumption that it's either good for long term or short term.
That's why our involvement with our investment is actually the key for it to know if you know what you're buying. Without having the thought of it is going to make you broke if you just buy according to the suggestion of people and you're not involving your own time for the research and anything in particular to that coin that you're interested.

It is very important to totally know the project we invested and it is always the key to success.

I buy and hold Bitcoin and ETH not just because I know how promising they are, it was also because I've trusted these projects. Similarly, this will also be the reason why they are on the top and it remains on the lead as the people know its capability over the hundreds and thousands of coins exits.

But, this never means that we ought to hold for the rest of our life or die with them. No, it was not the purpose but have to make use of it either to sell or trade.

[Slow death]

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 ?

We can't generalize people's approaches toward holding a coin because not all have the same strategy.

If they did it "that" way, then so be it as it's effective for them. The same goes for other strategies.

In other words, we should just mind our own business and just focus on determining the right time to buy or sell. Not all are having the same view about "hodling".

True, but most people believe they need to hodl forever, even when they already have 1000X profits they don't take it to spend, you can see that in this same section, there are guys showing off who have been hodling some altcoin for 5 years and They even say "I don't plan on selling altcoin yet" I wonder when it will sell? he's been doing hodl for 5 years and doesn't enjoy his own investment, so what's the purpose of having made the investment if he's not going to spend it? it's just hard to understand

[crzy]

Most people don't see investments as something to increase money and they spend, on the contrary there are people who started to look at investments as something that serves to show off something like: I made 1000X profit and I'm still doing hodl, man this is insane , the person already has 1000X profit, why would he need to hodl something that already has 1000X profit? I dont understand

You have to understand since we all have different goals and target in life, not all will be able to take profit on that kind of level and many are still want to become a passive investors who will just sell their holdings once its due time. Its ok to hold, even if you miss a lot of opportunity to sell at a bigger price as long as you know what you are doing, I believe hodlers have their goals in mind and they needed to focus on that.

[blockman]

In general, now the market allows you to simply buy various coins and keep them in your account. After all, sometimes it is difficult to guess which of these coins will grow significantly.

It's hard for us to guess but if we're aware of the capability of the coin that we've bought, we can have that assumption that it's either good for long term or short term.
That's why our involvement with our investment is actually the key for it to know if you know what you're buying. Without having the thought of it is going to make you broke if you just buy according to the suggestion of people and you're not involving your own time for the research and anything in particular to that coin that you're interested.

It is very important to totally know the project we invested and it is always the key to success.

I buy and hold Bitcoin and ETH not just because I know how promising they are, it was also because I've trusted these projects. Similarly, this will also be the reason why they are on the top and it remains on the lead as the people know its capability over the hundreds and thousands of coins exits.

But, this never means that we ought to hold for the rest of our life or die with them. No, it was not the purpose but have to make use of it either to sell or trade.

Trust is also one. I've trusted bitcoin and ethereum and like anybody else, it's really like the safest assets that we can invest in the market. But due to the many coins listed in many exchanges. This gives us the variety where we can invest too but it's necessary to take action and make your own assessment before going with any of them. Because if you're trying to learn from the mistake of others, it's a very vital part that you need to think of seriously.

[pieppiep]

Most people don't see investments as something to increase money and they spend, on the contrary there are people who started to look at investments as something that serves to show off something like: I made 1000X profit and I'm still doing hodl, man this is insane , the person already has 1000X profit, why would he need to hodl something that already has 1000X profit? I dont understand

You have to understand since we all have different goals and target in life, not all will be able to take profit on that kind of level and many are still want to become a passive investors who will just sell their holdings once its due time. Its ok to hold, even if you miss a lot of opportunity to sell at a bigger price as long as you know what you are doing, I believe hodlers have their goals in mind and they needed to focus on that.

Maybe those people want to make another 2000X profit so they still hold the coins and not sell. That is greedy and I think they will regret it when they see the price go down fast without noticing. If I were them, I would sell for 50% of the total amount and wait for another down or sell at once if I do not see if the project can grow quickly. As an investor, you need to know about the time to hold the coins but do not still hold if you see the price can increase in a short time. Just sell for some amount and enjoy your profit.

[TheUltraElite]

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

For the bitcoin traders, recycling the money is a big part of being active in the market. Some users might have once and hit and run type trade, where they sell all at once and bail out never to look back again but I think they will eventually come back just like addicted gamblers.

In general, now the market allows you to simply buy various coins and keep them in your account. After all, sometimes it is difficult to guess which of these coins will grow significantly.

But you can make a general statement that the top five from the ones with highest market cap are going to do better for the next few years unless some other coin overtakes them.

It does not mean that some random shitcoin sleeping in your wallet might suddenly go 400% - dont have those wet dreams.

Repeating the cycles as the movements start should be practiced by every trader. When you have money at hand, place orders on both sides of the market - buy at the lower and sell at the higher and then see which one gets closed.