End Goal or Keep HODLing?

[LogitechMouse]

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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?

Just follow these 3 simple steps IN ORDER:
1. Sell during the bull market.
2. Buy during the bear market.
3. Continue accumulating after the bear market.

Right now, we are entering the bull run. It's a perfect time to sell your assets like Bitcoin or whatever crypto you are holding. Always, always take profit because the main goal of an investor is to make profits. Now when you sold your tokens already, wait for the bear market to happen, and that happens usually after the bull market. At that moment, you have the money that you got from selling your assets. When we are in a bear market, prices go down, and that's the perfect opportunity for you to buy Bitcoin or whatever cryptocurrency you want to buy. After the bear market comes the accumulation phase, and even though the prices at that time isn't as low as when it's still in the bear market, I can say that it's still a good time to buy some coins in preparation for the bull run.

Always take note that the market moves in cycles, so make a strategy based on the cycle as well. This kind of strategy takes time, but it works every time. Just imagine you bought some Bitcoins way back in 2020 and sold it in 2021 then bought again in 2022, 2023, and 2024. Holding your Bitcoin forever without selling is a stupid strategy because there will be a point where you will sell it for some reasons. As an investor, your main goal is to sell your assets and take some profits.

[Rruchi man]

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?

Nobody on this forum has the right to dictate what you do with your Bitcoin by the time he hits a target that you're okay with. You will Always hear people talk about hodling bitcoins for as long as possible, the "as possible" from that statement means to the point when you are okay with hodling and then decide to sell off some for other purpose.

While hodling your bitcoins, have  a target and a purpose for hodling, having a target or a purpose for hodling can be something to motivate you into hodling more.

[Akbarkoe]

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?

It is important for someone in financial matters to set targets, especially if you are an investor, of course you must have your goals as an investor, whether it is a pension fund or just going to be used as a hedge of your wealth or even you make it a place to make money in a period of 4 years or even every day, of course you must have a goal and make sure that you have a benchmark in any investment.

If you are confused today to withdraw money in bitcoin but there is no urgency whatsoever in your needs why not hold it as long as you believe that bitcoin will create a new ATH that is higher than before, you have to look at yourself first and then make a wise decision, honestly taking profits or taking capital is enough and leave the rest for the increase in bitcoin that you have estimated.

[BIT-BENDER]

Always do what you have had in mind, never ask what you should do from complete strangers here in Crypto-currency rather you see reasons or advice on the potentials possibility or risk in making any moves and then you check which is best for you, right now Bitcoin has not gotten complete take over compared to Fiat so you would still need Fiat and from the looks of things you are an investor and you need that profit for yourself.

Many people who has made up their mind to hold Bitcoin for life either has alot or has other sources of income, like myself I see Bitcoin as something I would use freely in the future but I am not foolish not to have other sources of income to help me carry on holding Bitcoin.

[Winterfrost]

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)?

what motivated you to invest into Bitcoin in the first place? I guess You didn't just invest into Bitcoin because you saw people doing so.

The decision to withdraw your holding at certain time along your investment journey is dependent on wether you've reached your investment goal or you have a pressing need you want to use your investment for. As long as you're not in a haste to sell use your holding, the I will advice you keep holding on to your investment but if you've reached your goal and you're probably at a profit that's cool enough for you, then it's okay to take off your investment.

I think I don't subscribe well to that either of keeping your investment forever. As long as you're in profit, don't wait too long before getting a profit out of your investment. You can decide to take part of your profit and maybe reinvest part back into it since you're probably at a comfortable profit level which might allow you to take advantage of buying during the DIP.

[Franctoshi]

First of all ask yourself what is your aim of Buying Bitcoin in the first place, each investor has it's own target or goal , However, Bitcoin is money and you can hold your Bitcoin to any duration of time you want, using myself for instant, I usually take my profit out the table as we keep hitting new highs, while at the end of the cycle my capital remains intact and which I use to accumulate Bitcoin during the next phase of the market.

[BABY SHOES]

I think it's the wrong principle to hold it for years or until death will not sell it then what is the benefit of him not enjoying the profit?

What is meant by HODL in the long term varies, it can be 10 years or more because they will assume that with that time they are still old and they still feel how the long-term benefits of bitcoin, so I will also determine a certain period of time or in other emergencies.

About your investment that has 3x profit then you can decide for yourself whether the 3x profit is worth it? Do you need immediate funds, if you believe ATH will happen again then make sure it's HODL considering the halving is still not yet then the bullish will continue, but the decision will remain with you not others.

[DaNNy001]

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)?

Your thoughts on this is really funny, but it's still valid to some extent but I think you just have some things twisted up a little bit. Holding your coins isn't exactly fixed for everyone, because I believe you are the one to set the barrier to which is okay for you to actually sell the Bitcoin. Besides what's the essence of actually holding the coins in the first place ? I believe people do this for the huge profits that is possibly tied to it and besides how would save your coins till death, then why did you save ?

[Moreno233]

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.

I have learnt a new initiative that is helping me HODL my Bitcoin better and that is setting up emergency funds. I think this should be one of the best thing I learnt in this forum beside the DCA method of buying Bitcoin. Now the approach is that any funds that I get, I keep the part for my basic needs, then keep some part as emergency funds for any unexpecting thing that might happen which were not planned for. Then it is from part of the remaining that I will invest in Bitcoin. This way, I will not be pressured to sell my Bitcoin when I do not plan to. In other words, the emergency fund is like a protection of my Bitcoin and with its implementation, I have confidence that I will be able to HODL my Bitcoin for as long as it is necessary.

[GbitG]

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?

No, absolutely not. You should not keep Bitcoin forever. You have misunderstood the concept. Holding Bitcoin does not mean that you will do it forever. The sentence about long term holding has been described as a parable. This means that according to my estimate, it is 10–12 years, at least hold your assets for this time, and then you can get a superb profit

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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?

Just follow these 3 simple steps IN ORDER:
1. Sell during the bull market.
2. Buy during the bear market.
3. Continue accumulating after the bear market.

Yes, these are the steps that are very clear to set up a goal. If you want to have a goal or target for your investment, that means if you want to keep Bitcion for the long term, I think you will not get better steps than this. Sell in the bull market and organize profit. It means to buy Bitcoin in a dip,like in its lower zzone,by looking at it from the perspective of technical analysis. Accumulate Bitcoin for yourself under the DCA strategy of passing the bear market. 
 
This is the principle that every bitcoin holder follows.

[_BlackStar]

Be assured of one thing - all the people who come to invest are those who want profits, no matter when is the best time for them to get them. Long-term investment ^{[holding bitcoin]} is a choice that is not mandatory for anyone - but if you are planning to do it, then you are part of the investors who have big plans in the long term.

You'll also sell it at some point instead of continuing to hold it - but if your investment in bitcoin is for your retirement, you're likely prepared to face any market consequences until you cash it out in old age. Bitcoin will be worth more over time although it is difficult to say for sure - however I believe that increasing adoption and increasing investment interest will make it more expensive over time.

[Huppercase]

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)?

Right within you, there is a voice telling you what you should do, others opinion should just be an additional or perhaps to quantify your own strategy. I'm saying this because some people has blame others for not telling them to sell their coins at the top when Bitcoin was all time high in the last run and the have settle for their loss. If you have 3x of your investment in Bitcoin, maybe you should just sell and then buy back if their is any dip in the future and if there is not, then you stay neutral for a while and then put more money together and buy when you have the chance.

Buying more close to the previous all time high is not a perfect way to buy Bitcoin because you are buying below the resistance. If in the end we cross the all time high after the halving, then you can buy again because I believe then bull run should be fully in by then but don't forget to exit again when you have enough profits because it would be really bad feeling for all these stress without having profits.

[nurilham]

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.

Many people? I don't think there are many people who hold Bitcoin for many years. Most people only hold Bitcoin for 4 years, they are targeting to sell in the bullrun season. Even if there are people who said they will hold Bitcoin forever, honestly I don't really believe them. IMO, every people who invest in Bitcoin, they must have the time for entry and exit. There is no term of holding forever, it is not the way of investment. 

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?

You must have your own goal in investment, don't follow others!!
It is not a must to hold your Bitcoin forever, I even suggest you to take profits when Bitcoin reach the ATH. We can rebuy in the next bearish season, why we don't take the advantage in the bullrun season? When it reaches your goal, kindly sell your Bitcoin, buddy.

[Ryu_Ar1]

Holding bitcoin for a long time does not mean that it will not let go of it, friend, it's just that the target we want to achieve has not been touched so there are still many people who will be in bitcoin and hold it for a longer period of time.
As I do now I still hold bitcoin alone even though the current profit cannot be denied it has multiplied when compared to the total investment I made but I will still hold it because my profit target is not at the current value but for a higher one.

If in the end those who are in bitcoin (already profitable) release it like you did it actually doesn't matter because everyone has their own target and now you think that it's your target and that's very good because you've made a profit in it but that doesn't mean other people will also be the same because in the end all have their own goals and don't think that those who are in bitcoin now will not release it because it's not possible to happen it's just that the time needed is longer because the purpose of the stop is not now.

[mirakal]

Always go back to the reason why you invested in the first place. If you are looking for profits, then obviously you need to sell those coins you have been hodling once you reach your target goal price. However, if you are here to invest for your retirement, then don’t bother yourself selling at the moment but always keep your coins and continue hodling. That’s simple as that.

Nevertheless, always know that there’s no such term as forever hodling that you won’t sell your coins at some point because you intend to hold it for the rest of your life. If you do that, you are beating your purpose why you invested in the first place. Hodling does not mean you don’t sell in the end, of course you still have to sell in the end so you can reap your profits that you have been working and earning hard in the very first place.

[PX-Z]

If things are going south no need to keep holding because you will just regret it. That's the experience many got on the last 2017 ATH. I hope people learn that way already. If you're came holding from 50k below, i expect you already profit some on the ATH this month. But if you came holding from 60k, it's okay to hold but just like i said learn how to let got, but so far price is keep pushing upwards again.

[The Cryptovator]

Each individual should have their own goal for selling their holdings. Bitcoin for life, of course, not for lifetime holdings. Who will use our bitcoin if we die? What's the benefit of holding Bitcoin if it can't change my lifestyle even when I am making big profits? For me, I sell my crypto whenever I need it. It doesn't matter how much profit I have. But I'm not going to sell everything unless I need it in my real life. Even you can take advantage of the volatility. When Bitcoin reaches a significant price range, like surpassing the previous ATH and creating a new ATH, you can sell and wait for a dip to accumulate again. That's how you can still keep holding and cashing out your profits. 

[Z_MBFM]

If things are going south no need to keep holding because you will just regret it. That's the experience many got on the last 2017 ATH. I hope people learn that way already. If you're came holding from 50k below, i expect you already profit some on the ATH this month. But if you came holding from 60k, it's okay to hold but just like i said learn how to let got, but so far price is keep pushing upwards again.

After bitcoin made its first ATH in 2017, we thought that bitcoin price might not go down any further but btc price then dropped to $3200.  Seeing this scene, many lost faith in Bitcoin, but Bitcoin broke through those hurdles to set a new ATH at $68k, setting a record again, and btc price followed suit at $15k. and now the new ATH of btc again. Bitcoin is a really strange thing.  It can be held but subject to capacity.  But of course it has to be held indefinitely not for short time

[Odusko]

Bitcoin as along term investment simply means that you give a long terms specific timing to it, but before you do so you have to study the price of bitcoin and how it value have tracended over time, this is much more so that we have to alot at least 4-5 years time frame for us to hold our bitcoin as an investment, this period may be a time for steady purchase of bitcoin along the way, and also making sure that all the copenents that make up for the timing and it accuracy must be observed.
By so doing, when you achieve a portion of your income and cash flow into buying bitcoin be it at once or buying in smaller portions along with time, both will bring you to that stage that you Mostly desired if you pay out the game of time and you allocate 5 years investment plan, which is long term.

[Finestream]

Always do what you have had in mind, never ask what you should do from complete strangers here in Crypto-currency rather you see reasons or advice on the potentials possibility or risk in making any moves and then you check which is best for you, right now Bitcoin has not gotten complete take over compared to Fiat so you would still need Fiat and from the looks of things you are an investor and you need that profit for yourself.

Many people who has made up their mind to hold Bitcoin for life either has alot or has other sources of income, like myself I see Bitcoin as something I would use freely in the future but I am not foolish not to have other sources of income to help me carry on holding Bitcoin.

The first and foremost rule everytime you decide to invest is look for a stable job first so you won’t rely from your investment. If you do, then there will be bigger chances for you not to sell your coins earlier than your target price. While hodling is the key to massive profits with bitcoin, but hodling without plans of selling is nonsense. Although you can hold as long as you want, but in the end, you still have to sell them off so you can enjoy the fruits of your hardwork.

However, if you rely solely in your investment without getting a real job is another story. If you are doing that, honestly you will not succeed in any long term investment, most particularly for bitcoin where it’s considered a highly volatile investment.