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Author Topic: What is the best opportunity to harvest your hodl results?  (Read 331 times)
Botnake
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July 03, 2023, 12:06:45 PM
 #41

I see like a lot of mess is going on around. That is why my question stands. Should it be family reasons? Will you buy a new house/island? What is your answer to the question?
We have our own individual reason when to reap our investment and benefit from it. However, for me, the best opportunity is when we see the market as well is in profits. That means we have to sell too so we can feel how its like to have an investment that paid off. Although some would stick to long term hodling forgetting their target price to sell, but if we stay rational, the market is highly unpredictable that’s why we have to take advantage everytime there is an opportunity to sell and make profits, rather than end up regretting because they missed an opportunity to be in profits.

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siniminomorocomunisakito
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July 06, 2023, 09:38:23 AM
 #42

I see like a lot of mess is going on around. That is why my question stands. Should it be family reasons? Will you buy a new house/island? What is your answer to the question?
We have our own individual reason when to reap our investment and benefit from it. However, for me, the best opportunity is when we see the market as well is in profits. That means we have to sell too so we can feel how its like to have an investment that paid off. Although some would stick to long term hodling forgetting their target price to sell, but if we stay rational, the market is highly unpredictable that’s why we have to take advantage everytime there is an opportunity to sell and make profits, rather than end up regretting because they missed an opportunity to be in profits.

That true, sometimes we have to be wise and prudent in looking at market conditions by making adjustments even though many suggest long-term Hodl gives maximum returns in investing in this acrypto world. Yes. The opportunity is always there, at least as you say. if selling temporarily and buying back in minimal break even conditions. I think it's a very normal thing and there's nothing wrong with getting some better benefits.

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July 06, 2023, 09:58:18 AM
Merited by SatoPrincess (1)
 #43

I see like a lot of mess is going on around. That is why my question stands. Should it be family reasons? Will you buy a new house/island? What is your answer to the question?
I’m not a die-hard bitcoin hodler, for me Bitcoin hitting $200k will be a good time to sell a large part of my hodlings, that’s a long target which may not be realized in the next five years but that’s my goal. I have a stable source of income and other investments so I don’t need to touch my bitcoin savings in cases of emergency, I have other options and resources I can use to maintain a standard lifestyle.

SatoPrincess summarised very well the best strategy. Of course, in order to be able to do that, you have to cover your needs first (a house, food, basic services) and, unless you were born in a rich family, you should focus on alternate means of income so you don't have to care about selling. That is the easiest way to have strong hands.

In the last decade, holding for just a few years was enough, but as the market matures that practice has become a long distance race, and most investors will stay by the wayside sooner or later if they don't plan any provisioning.

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CarnagexD
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July 13, 2023, 02:00:47 PM
 #44

I see like a lot of mess is going on around. That is why my question stands. Should it be family reasons? Will you buy a new house/island? What is your answer to the question?
We have our own individual reason when to reap our investment and benefit from it. However, for me, the best opportunity is when we see the market as well is in profits. That means we have to sell too so we can feel how its like to have an investment that paid off. Although some would stick to long term hodling forgetting their target price to sell, but if we stay rational, the market is highly unpredictable that’s why we have to take advantage everytime there is an opportunity to sell and make profits, rather than end up regretting because they missed an opportunity to be in profits.

this is easier than done actually. When you’re in profits with ypur investments you’ll get in to a paradox of confusion to which is the best thing to do. Will you take your investments out even there’s still a greater chance for more reward your ratio, or you’ll be holding ontu it with the risk of having lesser profits because you might get out of your investments late.

future plans about it is easy. you can use it as aretirement plan, reinvest for dividends, buy lands or real state, or even openning up a new business.

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July 13, 2023, 03:35:55 PM
 #45

Even though we have set targets to harvest results from long-term investments, maybe in the middle of the road you still need to make adjustments. If you don't have a reserve budget, then of course you have to sell some of your investment to cover the needs regardless of the reason.

Some will make adjustments for family reasons, health reasons, needs or something else on an urgent basis. So you shouldn't be rigid about something like that, but if you want to avoid such things then of course you should prepare a reserve budget before investing. This is important, so sometimes adjustments are also necessary.

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July 18, 2023, 11:02:51 PM
 #46

There is no right or wrong answer to this question. Deciding when to spend bitcoin is completely relative to your own circumstances.

Personally, I plan on buying some things like a van to travel all over the US, some land, probably a house, a workshop, and not much else unless I really need to or I feel that the price will continue to climb much faster than I could possibly spend it. Hopefully, I will have some family members who can inherit whatever I choose not to spend in my lifetime.

It's important to remember that bitcoin is the means to an end. It is not the end itself. I will focus on using it to achieve the highest level of freedom, happiness, and purpose that I can during my time here on earth. Beyond that, not much else matters to me.

I'm here to chew bubblegum and stack sats....and I'm all out of bubblegum. - Learn More About Bitcoin: What Is Bitcoin?
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July 19, 2023, 03:51:55 AM
 #47

Everyone certainly has different aspirations in this regard and it is certain that I personally cannot publish regarding this matter, but what is certain is that when I get profit from my investment I will use it to make my economy more developed.
but of course holding and holding btc is not an easy thing because there are always many obstacles.

I hope our investment goes smoothly and successfully.
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