End Goal or Keep HODLing?

[Stablexcoin]

I wouldn't have said this but I am much more concerned about the fact that we have been hearing so many people talking about holding Bitcoin for the long term and never selling. I find it so confusing that after investing so much in Bitcoin for years we won't want to sell our bitcoin till we die.

I've been buying Bitcoin since last year when it dipped in December i know it's not long. Since then I have held my bitcoin firmly regardless of the price increase this year I still decided to sit on it. Although I do not have enough Bitcoin because I have little money then if I were to sell my holdings now I would have 3 times of I invested.

Also, I have the belief that Bitcoin will keep breaking new ATH forever. Should I leave my Bitcoin forever without selling it or set a goal that I have in mind and when it reaches that goal I sell and take my profits?


What do you do?

On what principles guide your actions in the realm of Bitcoin (BTC)?

[Troytech]

You seem to get thigns wrong here, no one has such plans of holding bitcoin forever without selling or wants to die with their bitcoin, the caught here is to hold your bitcoin long enough for you to get some compounding effect on it, you know historically bitcoin has proven to favour long term holders more than short term holders and that's why most people teach to hold bitcoin for long cause its more safer and more profitable.

You know big companies like MSTR by Michael Saylor that said its better to sell his company shares than to seel his bitcoin, these men understand the value of bitcoin and hence wants to continue accumulating it.

I don't believe anyone is investing in bitcoin without any reason, or is holding for long without having any goal on what to use his bitcoin for maybe to buy a luxury car or a lifestyle, but to achieve such profits you must have a very reasonable amount of stake in bitcoin as it grows, so you should not just be holding bitcoin indefinitely but you should be thinking about accumulating and adding more bitcoin to your stash, so if you really want to hold for longer you would have a much better reward for your holdings, I recommend using the DCA strategy cause it helps reduce the impact of market volatility on your Portfolio and you can be very flexible around it, yeah if your someone who has a busy schedule and want to but on dips then DCA would also make sure to have some of that intervals bought on dip prices.

[Obim34]

I wouldn't have said this but I am much more concerned about the fact that we have been hearing so many people talking about holding Bitcoin for the long term and never selling. I find it so confusing that after investing so much in Bitcoin for years we won't want to sell our bitcoin till we die.

Do not get yourself mixed up, their is no correctness in all what you said here. We priorize ourselves into investing our money into Bitcoin not with the aim of staring at it in our wallet for ever probably till we kick the bucket, we did invest with the sole reason of making profits and living the life we hope for but still on the long run before we get the desired return of investment it is expected of us to hold for a long time.

I've been buying Bitcoin since last year when it dipped in December i know it's not long. Since then I have held my bitcoin firmly regardless of the price increase this year I still decided to sit on it. Although I do not have enough Bitcoin because I have little money then if I were to sell my holdings now I would have 3 times of I invested.

Also, I have the belief that Bitcoin will keep breaking new ATH forever. Should I leave my Bitcoin forever without selling it or set a goal that I have in mind and when it reaches that goal I sell and take my profits?


What do you do?

On what principles guide your actions in the realm of Bitcoin (BTC)?

It's a good one for you being part of the Bitcoiners, very lovely to see your determination and patience towards holding Bitcoin for the long run till will supposingly hit the climax of our all time high just after the halving is completed. I would not emphasize on how and when you should sell your Bitcoin, it's something personal which you should decide by yourself. You can initially take part of your profit but not sell all, so you can experience another all time high after another cycle must have happened.

[hugeblack]

Keep HODLing usually means keeping Bitcoin for the longest possible period, but this period varies completely depending on the individual, the crises he is going through, the economic situation, age, and the price at which he plans to sell it. Some people want to keep Bitcoin for retirement, others for the well-being of their children, and others who plan to spend. After 10 or 20 years, if you have a stable job and life, you will rarely try to sell your Bitcoin.

[btc78]

I think people who say they will hold forever are just exaggerating. They don’t actually mean they are never going to sell it but rather this kind of expression stems out from the belief that bitcoin is going to continuously grow hence the saying that they will hold on.

They will hold on until they die is kind of saying that no matter what happens, no amount of fud can make them sell their holdings. At least that’s what I think. I do not know any person who plans on never selling their coins.

[boyptc]

I sell when I want to because at this point I am already in great profit. But it won't stop me from holding because I have my own wallet designated for long term holding.

So, if you thinking that we are going to hold it until we die, it is your choice.

Money is there to be spent and enjoyed and if you dont want to do those, we are free to do what we wanna do.

There are some that has their end game and exit plan but as you can see, most of us here does have their owm retirement plans thru btc.

[wxa7115]

I wouldn't have said this but I am much more concerned about the fact that we have been hearing so many people talking about holding Bitcoin for the long term and never selling. I find it so confusing that after investing so much in Bitcoin for years we won't want to sell our bitcoin till we die.

I've been buying Bitcoin since last year when it dipped in December i know it's not long. Since then I have held my bitcoin firmly regardless of the price increase this year I still decided to sit on it. Although I do not have enough Bitcoin because I have little money then if I were to sell my holdings now I would have 3 times of I invested.

Also, I have the belief that Bitcoin will keep breaking new ATH forever. Should I leave my Bitcoin forever without selling it or set a goal that I have in mind and when it reaches that goal I sell and take my profits?


What do you do?

On what principles guide your actions in the realm of Bitcoin (BTC)?

You are taking it too literal, when people say they will hold forever this is just a figure of speech, they just mean that they will either hold their bitcoin for as long as they can afford to do it, or that they will hold bitcoin for so long that by the time they want to spend some of it, they will spend bitcoin directly without the need to sell for fiat.

However it is up to each person to decide for how long they want to hold their bitcoin, so if you have a figure in your head at which you want to sell, you can do it as at the end that is your bitcoin and you can do what you want with it.

[Solosanz]

The only rule is there are no rules.

You can buy Bitcoin today and sell it tomorrow, no one cares.
You can buy Bitcoin today and sell it when the price reach $100K, no one cares.
You can buy Bitcoin today, sell it at the peak and buy again during bearish season, no one cares.
You can buy Bitcoin today and hold until you die, no one cares.
You can buy Bitcoin today and you send all of your coins to burn address, Satoshi's address or theymos's address, no one cares.

[Bananington]

The only rule is there are no rules.

You can buy Bitcoin today and sell it tomorrow, no one cares.
You can buy Bitcoin today and sell it when the price reach $100K, no one cares.
You can buy Bitcoin today, sell it at the peak and buy again during bearish season, no one cares.
You can buy Bitcoin today and hold until you die, no one cares.
You can buy Bitcoin today and you send all of your coins to burn address, Satoshi's address or theymos's address, no one cares.

No one cares indeed when we do the things we feel we want to do to keep our spirits alive.
What any person would do with their HODLings is entirely up to them. HoDL till anytime and liquidate or diversify or reinvest into another scheme. It's all up to you.
If there's a pressing need and you got the funds in your wallet to sort yourself, please do, afterall, if you die, someone would either claim the coins or it would be lost forever.

[Asuspawer09]

I wouldn't have said this but I am much more concerned about the fact that we have been hearing so many people talking about holding Bitcoin for the long term and never selling. I find it so confusing that after investing so much in Bitcoin for years we won't want to sell our bitcoin till we die.

I've been buying Bitcoin since last year when it dipped in December i know it's not long. Since then I have held my bitcoin firmly regardless of the price increase this year I still decided to sit on it. Although I do not have enough Bitcoin because I have little money then if I were to sell my holdings now I would have 3 times of I invested.

Also, I have the belief that Bitcoin will keep breaking new ATH forever. Should I leave my Bitcoin forever without selling it or set a goal that I have in mind and when it reaches that goal I sell and take my profits?


What do you do?

On what principles guide your actions in the realm of Bitcoin (BTC)?

I mean these are just subjective so anyone can do whatever they want to do, There were just some traders that HODL Bitcoin until the day they died, probably because they wanted their sons and daughters to inherit it because probably they believed that in the future Bitcoin is going to be in a much higher market price for sure, and nothing is wrong about that I dont really believe that they just want to hold it for long term and not use it at all but they just doing it so that someone could inherit it, a lot of people have different takes on this, personally I wouldn't really want to Hold Bitcoin for a very long time or until I die because it just didn't make sense to me not using that money that I invested my self, so for me its always a wise way to always take the profit if you could because the market is a cycle so there are always a opportunity to reinvest it and make a profit again, we could probably say that its a chill way to investment if your just doing it long term and just waiting for something to happened.

These long-term holders are people who already have a huge amount of money, I mean for someone who doesnt have a consistent income I wouldn't really recommend it, I mean at some point you gonna need to sell that Bitcoin if you just don't have the financial foundation so I could always recommend sell at your target market price if you can and not just holding it for life. As long as you're selling at a much higher market price and taking your profit you're not doing anything wrong. It's still subjective so if it's your investment you can do anything you want to it.

[OcTradism]

I wouldn't have said this but I am much more concerned about the fact that we have been hearing so many people talking about holding Bitcoin for the long term and never selling.

If you don't have a business that can bring positive net income to you, you will have to sell your bitcoin to take profit, get cash to use. Never selling is only for people who are rich, have abundant budget and even extra capital for further investment in future like MicroStrategy.

As a retail investor, you will have to take profit but there are many ways to take profit. All at one sell order and exit the market.

You can take profit gradually but make sure always have bitcoin in your portfolio like this strategy from JayJuanGee.

[ANN] JJG Sustainable Bitcoin Withdrawal Strategy
https://bitcoindata.science/withdrawal-strategy

[Y3shot]

The goal is to hodl to make profit,  without hodling it is impossible to make good profit in bitcoin. Getting profit in bitcoin doesn't mean you need hodl forever. We all have a target, while hodling when we hit the profit thst is okay one has the right to sell out.  Just keep hodling until you get the profit that you are satisfied with, doesn't necessarily mean you must hodl forever.

[mindrust]

Everybody has different goals in life it is because everybody is in a different situation. Some of them are young, some are older... Some have good paying jobs, some are unemployed. Some are married, some are single. Some people want a happy quiet life, some wants all the flash lambos and shiet. Different expectations, different cases. Some people need a x100 coin to be happy, some people just look for a hard currency.

Depending on what you want, your strategy changes too.

Some people for example keep only 5% to 10% in crypto. When its worth goes above 10%, they sell the excessive amount. When it goes below 5%, they add more to keep it at 5%. I used to follow this strategy and it was a good one. It is like managing a fund. It won't make you rich but you'll always have some exposure to crypto.

[tbct_mt2]

Depending on what you want, your strategy changes too.

Some people for example keep only 5% to 10% in crypto. When its worth goes above 10%, they sell the excessive amount. When it goes below 5%, they add more to keep it at 5%. I used to follow this strategy and it was a good one. It is like managing a fund. It won't make you rich but you'll always have some exposure to crypto.

Capital management is first important thing. How many percent of your capital is your favorite to assign for Bitcoin and cryptocurrency, will decide whether you stay in the market, hold your cryptocurrency or will take profit all and exit the market, or just take profit partially.

Assume you want like minimum 20% of your capital in cryptocurrency, if your portfolio is up 100%, it is not bad to take profit most of it to have cash in your capital drops back to 20% or higher.

Your portfolio can be change with time, capital distribution can be changed with time but if you get profit, re-balance your capital is good practice.

[kentrolla]

Seems like you missed out to build a strategy I mean we cannot hodl Bitcoin forever and I will tell you what I usually do i have started DCA and now accumulated decent amount of Bitcoin and though I have been holding for long term but I would sell it off at the peak of Bull run else I would Ave my funds in bearish market and wait for few years which would be waste of time. We need to learn on taking profits. You may take profit at peak and then reinvest during bear market but let the DCA continue.

[DabsPoorVersion]

Also, I have the belief that Bitcoin will keep breaking new ATH forever. Should I leave my Bitcoin forever without selling it or set a goal that I have in mind and when it reaches that goal I sell and take my profits?


What do you do?

On what principles guide your actions in the realm of Bitcoin (BTC)?

Let me ask you, what is your goal the first time you invest in Bitcoin? It is to earn a profit with your investment, right? In that case, you don't need to hold your Bitcoin forever, think of a price target and if you think you are satisfied with your earnings, you can sell anytime you want as long as you have a profit.

Don't just invest, learn to make a profit. Remember that you can reinvest anytime if we enter again the bear market, the bull market is the season where we should be enjoying our profit and not just holding our investment. Withdraw a partial of it if you don't want to leave without any investment, at least you can enjoy and feel the success of your investment.

[0t3p0t]

I think you should rely on your own decisions regarding this matter so you won't end up pointing fingers or blaming yourself or others. I think setting your own goal is the best thing to do here, once you reach your goal or the target price you want you can take your profit and leave the rest for future purposes. Don't be fooled on what others would say because at the end of the day you yourself will still be the only one to face consequences as it is your money and capital you poured into Bitcoin investments.

[AnonBitCoiner]

Also, I have the belief that Bitcoin will keep breaking new ATH forever. Should I leave my Bitcoin forever without selling it or set a goal that I have in mind and when it reaches that goal I sell and take my profits?


What do you do?

You should not keep your bitcoin forever because if you keep it forever then how you will take profit from it? We are doing investment just to enhance our money so if we reaches to our target then it is better to sell bitcoin otherwise you will never be able to take benefit from your investment.

If you still don't want to sell your bitcoin during or after halving then at least sell some of them to take your profit so if unfortunately the price of bitcoin reduces then you will not be worried about your profit and will be able to wait more until next bull season arrives but it is not possible to take benefit if you keep your bitcoin forever.

[teamsherry]

I think everyone should have their own time limit for how long they would decide to hold bitcoin for and yeah I you wish you could be busy playing around with your holdings buy selling do early when you haven't reached a long time range, I think it's better to sell after a long period of time than to sell for short term.

[arjunmujay]

Sometimes there are investors who want to continue adding to their portfolio until they die. and will be continued by his heirs. So it's possible that if you continue to invest in Bitcoin, it will be passed down to your children.
but if you are one of those who invest for yourself, as long as your investment can fulfill all your needs for the rest of your life, that's enough and sell.