End Goal or Keep HODLing?

[Ayers]

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 agree with you, I also see some people out there and right on this forum saying they will hold bitcoin forever and will never sell it. I don't really understand what they mean, but if they intend to keep bitcoin until they die then that is the stupidest idea. After all, we all see bitcoin as a tool to create more wealth, but how to do that if we just hold it and never sell it? Bitcoin will be useless if it is not used or does not help us, even if its value reaches millions of dollars.

[Mrbluntzy]

People that don't want to sell their Bitcoin till death are those that have the goal of passing it on to their children or grandchildren. For example if you are a billionaire and you bought like 50 BTC and at same time you still have many source of income, you may not have the need to spend your Bitcoin for years and can even decide to will it to your children. I will keep holding my small Bitcoin and I will also continue to work on my self so that after my academics, I can get a good job and start a good business. If my goal goes as planned, I will hold my Bitcoin for more than a decade before I sell and if by that time, there is not need to sell, I will continue holding.

[Nrcewker]

If you can survive while the investment is on, then it’s better to keep the Bitcoins untouched. Only cashout at that time when you need emergency of funds or really need the funds to spend on some big luxuries. Bitcoins will always keep on increasing I would say. The reason is pretty simple, as Bitcoins are limited in supply, and the demand to accumulate it, is increasing day by day. Hence, It would be ideal to keep the investment on in order to yield the maximum profit possible.

[lovesmayfamilis]

Buying Bitcoins and holding them for life completely defeats the purpose of the goal you would like to achieve. Everyone here has completely different plans, which is why they decide to invest in bitcoins. I often hear recommendations that are similar to advise, so under no circumstances should people sell their bitcoins. But why? I'm not going to live forever, so whenever I feel like I need to sell, I do. I don’t understand those who want to save on everything now to be richer later. Likewise, I prefer to live here and now.

[Alone055]

There is no specific answer to this question. Every individual will have a different mindset and financial goals when it comes to their investments, and the individual himself can decide whether they should sell their assets at a certain price point or keep holding them.

I can't suggest that you keep holding your Bitcoin or sell it because you might have a different goal in your mind than what I have been thinking, similarly, you can't act upon other's suggestions in such matters and it should be based on your personal financial goals and targets.

[Wapfika]

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.

Most user that made such comments are those who just exaggerates their words that really means holding long term until target price reached. Everyone here invest on Bitcoin to have profit and it’s really nonsense to never sell it because if the intention just to help Bitcoin price to grow by buying and never sell then just send the purchased Bitcoin directly to Satoshi wallet address to make sure that it will never be sold.

Deciding holding long term even though the price is already on the current ATH is not really smart move because you can always re-enter during correction to have a much larger quantity of Bitcoin that will bring you more profit in long term.

[leonair]

One of the objectives of holding is to make a profit, but since we do not know the last dollar price of Bitcoin, we are encouraged to invest long-term so that we can make a lot of profit from it. Bitcoin is always making new ATH so if our target is $100k then after our target is met we should sell 50-80% holding and hold the remaining bitcoins again with a new target. and again investing in new targets using DCA methodology. I think it is always possible to get good returns this way

[Maus0728]

It's probably because it's none of your business or any of us to know if a person's hodling their bitcoin, it's not really worth talking about what you're hodling anyway, it's not a good conversation starter and it's something that you should be talking about when someone asks you and you consent in talking about hodling, another thing, bitcoin or any cryptocurrency for that matter is a financial tool and it should be private as much as possible because who knows who'll hear about you hodling bitcoin, throughout history, those who extravagantly flaunt their wealth are the type of people to have their money get stolen from them.

When it comes to that question of hodling forever or selling at some point, let me ask you this, are you well off enough that you'd just hodl that bitcoin and give it as a inheritance to your children or grandchildren? Or are you planning on buying something to live a more stable and secure life? If you choose the former, then good for you, I guess you'd be hodling all your life but if you choose the latter then it's probably a good idea for you to set a goal price that you'd be selling everything since you're not hodling forever, you're going to be needing to take that profit no matter what.

If I were to sum up my answer to your question, I'd say that it's a good idea to hodl your bitcoin for the long-term but never marry the bag that you end up not enjoying the profits of your investments.

[oktana]

Just like every investments, there’s a time to take profit. The ideology of hodling for long term is so you can make as much profit as possible. And if you were to do a comparison with those who invested short term, you’ve earned 3X and they haven’t. Now you’ve made gains, it’s your choice when to take profit and if you want to keep holding (probably because you see a bigger picture than what exists today).

[Crypt0Gore]

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)?

OP what do you think?

What do you want out of Bitcoin?

You don't have to do what others are doing, I hope you know that, just make up your own mind and do what you want with Bitcoin, you don't have to hold until the end of time, although I dont want to live without no Bitcoin at all.

Have your plan, you can hold for the short term or long term, it's your Bitcoin, so do whatever you like, I have Bitcoin and I plan to hold for a long time, this won't stop me from taking profits either, do not forget that there will always be a bear market and bull market.

It makes less sense to hold Bitcoin through a bear market just because you dont want to be out of Bitcoin, I will always sell in a bull market, secure some profits, and buy back in a bear market, this will increase your bitcoin than holding and buying.

[Assface16678]

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 agree with you, I also see some people out there and right on this forum saying they will hold bitcoin forever and will never sell it. I don't really understand what they mean, but if they intend to keep bitcoin until they die then that is the stupidest idea. After all, we all see bitcoin as a tool to create more wealth, but how to do that if we just hold it and never sell it? Bitcoin will be useless if it is not used or does not help us, even if its value reaches millions of dollars.

Well, I don't think it is right for you to say "stupidest idea." How can you judge them? It's their own holdings or assets, not yours, so what can you say? If they choose their assets to be with their graves, then let them be. If for you, bitcoin is something that could bring you wealth, so be it. Don't call someone's decision or desire to be stupid; you don't know anything from them.

Anyway, as for me, I also don't sell the majority of my holdings. When there is a good movement or bull run, or like what happened recently when the bitcoin price set another ATH, I sell only a small portion. Because that's the only thing I need, I only sell the assets I need, whether for needs or wants, as I want to see how far bitcoin can go and whether it will be beneficial for me to hold my assets for too long.

[Blitzboy]

Bitcoin is about smarts, not luck. HODLing? Selling? A winning plan is needed for this tough decision.

Please note that HODLing is not for lazy people. Viewing the big picture. Bitcoin is a revolution, not a stock. They dont print more, therefore value rises. People simply want it. Bitcoin has made tremendous gains in the past. If you think it keeps rising, you're not crazy.

However, clever investors know when to act. Setting a goal is navigating, not quitting. Determine your risk tolerance and what makes sense. At that number, boom! We must reconsider. You could sell some, profit, and invest the rest. Balance, market knowledge, and sharpness matter.

YOU decide whether to hold or sell. Make it count. Bitcoin is the future, not simply money. Keep reading, follow trends, and act confidently. Winners go that way.

[stompix]

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.

Learn to differentiate between what people say and what people do!
On social media and on forums like this everyone is balls of steel, keep hodling, etc, in reality even as some type hodl they push the sell button.

And even leaving this aspect aside, nobody says to keep the coins till you die, more like keeping them instead of going to fiat again is a better solution, if you don't need the money and you believe in the future of the coin why sell? What would be the point? If you feel safer with $ than with BTC it simply means you don't trust BTC

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

Desires and means to fulfill said desires!

[Stable090]

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.

Everyone is always setting targets for themselves, and they do want to hold bitcoin till they archive their target. If you don’t want to sell your bitcoin, then it’s your choice. Some people will want to leave their bitcoin for their children, so if you are investing in bitcoin, if you notice you are satisfied with the profit you have made, you can just decide to sell all your bitcoin, and you can decide to sell part of your bitcoin and keep on holding the remaining one. After the next bull run, I am going to sell like 70 percent of my bitcoin, and I will leave the remaining bitcoin.

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?

It’s left for you to decide. I don’t think anyone should tell you what you are supposed to do with your money. If you want to set a goal, and after achieving it, you are going to tell it, or you are going to hold it forever, you should make the decision yourself.

[m2017]

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.

If someone doesn't want to sell bitcoin until the end of their days, then this is only their personal decision, which you don't have to adhere to.

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.

x3 profit is quite good. How many “ financial tools” do you know that allow you to repeat this? So, you can be content with this result. If you kept this money in traditional money, you would have already spent it on all sorts of nonsense or would have received -x1.5-x2 due to inflation.

Or do you still want to keep bitcoin until your death? But what's the point? Then it turns out that you made x0 profit.

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?

Will you really do exactly what I tell you to do?

You should personally create an investment strategy for yourself and stick to it, rather than asking others what to do.

Any investment, if successful, must be implemented. That is, at some point the profit must be realized and taken by you, otherwise it is already charity.

What do you do?

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

The classic investor strategy: buy low, sell high to make a profit.

[Ricardo11]

The main goal of holding Bitcoin is to make good profits, and this requires long-term holdings. Every man has a dream and every man wants to fulfill that dream. And for this all usually save money in a bank or with themselves, while the amount of money they keep remains the same and their savings do not increase. But if they hold on to Bitcoin for a long time, that savings can grow over time and thus they can make huge profits. Everyone usually holds bitcoins for fulfilling their dreams or for good earnings and the longer term it is the more profitable it is and that is why it is said to hold bitcoins for the long term.

[cr1776]

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)?

One point is that eventually you won't need to sell bitcoin, you can transact in it without having to cash out into fiat.  That is a few orders of magnitude away from here though.  Holding it is even more important for those in countries with very high inflation rates or the prospect of currency controls etc.  In other words, it is smart for everyone to have some.

[NeuroticFish]

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.

It starts with the fact that the main rule is to invest only what you afford to lose. And if one has the possibility to keep the investment on, never sell and give it to his kids, why not?
But imho it's not a healthy approach. Imho it's healthier to sell some, now and then, if that becomes meaningful.

Just beware, any approach is a double edged sword. For example I hope that I could get to retire a tad earlier. Just, since I am living by "sell some" rule, plus for me Bitcoin was also earning, not that much of investment, I sold (to buy daily normal stuff) most of the coins I've earned. And this doesn't help much to my goal. It helped Bitcoin economy though.

So you can get to regret you've sold. Or you can regret you never got to benefit your investment. Pick one! 

[kryptqnick]

Op has a good point. I live in a region that went through a major crisis in the 90s, and a lot of people lost tons of money they've been saving up for a very long time almost overnight. The problem was that they kept saving up and didn't cash out because they didn't think anything would happen, and they didn't have an end goal. While I don't think Bitcoin will collapse like that, I believe that hodling indefinitely without a goal of what to do with that wealth and without even enjoying the profits is as good as having zero BTC because then it's just useless numbers on the screen.
I think it's healthy to sell some BTC from time to time, or at least to have an idea of what one wants to be able to afford with Bitcoin eventually.

[Nanga Parbat]

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.
What do you do?

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

A long term means when the price of Bitcoin goes above your purchase price, like your said no Bitcoin will sell for life.
Then you will not invest in it, you will be greedy that the price is going up and you will continue to hold pay.
Go buy on dip then hold until you get profit and when you get profit then book the profit and don't hang your investment and trade.