End Goal or Keep HODLing?

[Kliss]

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?

Having an investment in  bitcoin and holding on to your bitcoin is amazing. The decision of whether to keep HODling or set a goal and sell is a personal one. Some people believe in the  long term potential of bitcoin and choose to hold onto it for a very long time while others prefer to set goals and take profits when they reach their targets. It all depends on your personal goals and finding what works best for you and aligns with your own investment plans. My own opinion to you is to keep HODling your bitcoin since there are more potential in bitcoin at the moment and your profit can still increase above what you have now.

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[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.

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.

Oh, I'm sorry if that upsets you. Perhaps each person will have a different life strategy and we should respect each other's decisions, you are very right. For me, whether bitcoin or any asset, I only use it for one purpose: to make my life and my family's life better. There is nothing more important than my family and bitcoin is no exception. Once I reach my goal with bitcoin, I'm ready to sell it.

Of course I would still hold or repurchase bitcoin if I felt it was still beneficial to me but certainly, I would not hold on to it until I die without using it.

[kotajikikox]

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.

that is exaggerating mate because who will keep holding till they die? you seems to not know what you are saying though long term holder wanted tokeep their coin even long.

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.

you can take profit , its yours to decide mate so better to think it again  

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 must have your own target price to sell or takeout your money , because you must  not ask us for your money , but if you are asking me? I will keep holding till bitcoin reaches 100k and above.

[ultrloa]

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)?

What people just said is just a suggestion and its up to you if you listen. What's more important there is your decision since you are the one who can determine if some scenario is enough for you and want to get out. But make sure that you already settle and no doubts nor regrets that why did you decide to sell.

Its important that you have timeline set on your holdings also strategies so that you will not get bothered on some peoples opinion and can able to continue what you want to happen on your investment. Just remember that you are the one who can create a good result on your investment so think more better and create good decisions. Don't base your thoughts depends on other people opinion since not all the time they are right.

[crwth]

Personally, I see it as a currency in terms of use of service and not just the part where it's valuable that it is being used on a day-to-day basis. It's not ideal now obviously but integrating it would be nice.

In terms of the end goal, I think it's never going to be enough now, especially seeing how valuable it really is now. It's just really amazing. I wouldn't sell unless I need to.

[Baki202]

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?

Depending on you, as people do sell even when they aren't profitable for various reasons. Therefore, it all depends on the individual. At some point, the price will reach a place where you can sell, take your profit, and either wait for the next bad market or sell some of it and keep the remainder. Spot traders will also set a price restriction, and when an item reaches or even touches that price, it will be sold.

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.

People will spend their money as they like, so the main thing to keep in mind when deciding whether or not to sell is if it is worth selling right now. With bitcoin, there are always surprises in store, and the price will increase at some time. And you have my wager. It's going to hurt you. Selling is the ultimate goal of investment, therefore even if you even generate a profit, you can sell. As I don't really think keeping for a long time makes sense, if you are receiving what you want, there's no harm in selling.

Holding also indicates that the price is low and will rise, which is why it is usually emphasized to people to hold. The best thing is, as you mentioned, to establish a target and, if the moment is right, to sell.

[KingsDen]

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)?

There is no standard laid down principle about bitcoin investment. This means that your script is quite different from that of your neighbor, you cannot because someone else have done such a thing and begin to do it. You don't have to ask us if you will leave your bitcoin untouched till you die. If you are rich enough that you don't need the profit from your bitcoin investment for anything, then leave it forever. But then if you are not sure of how to pay your house rent and your children fees in the next semester and yet you have profit in Bitcoin, why will you keep it forever?
There's an African adage that says "No one tells someone who lost his mother to cry". Set your goals and be rigid with them, but when reality strikes, no one will advise you to do the needful.

[bettercrypto]

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)?

It's not bad to hold, but you should have a plan for your Bitcoin holding. It's hard because you buy Bitcoin and then you don't know when to sell it. as long as what you have in mind is what the people I read here in the forum are saying. Because if this is all you base it on, don't buy bitcoin.

If you're going to hold bitcoin, you should know when you're going to sell it, and you should also know what price you're going to sell it for. It's good that you know the reason why you are doing this type of holding in bitcoin. And you should also know the reason why you are doing this, besides the fact that you will make money from it in the future.

[Uhwuchukwu53]

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.

The analysis of surviving while the investment is on is very correct what make one survive is not hardship but determination of what one hope to achieve in future that give the courage and make one more lively because there is light at the end of  tunnel. Some may feel  that selling their Bitcoin before there expected time is due to inability to understand what the future holds for the investment.

This your advice is also repositioning me to still hold beyond expectations I think removing once mind on the investment can prolong the hold because once your heart is centered on it the attraction will always tend you to sell any time one observed ATH.

[GeorgeJohn]

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.

The essence of holding Bitcoin for long time is for you to make a profitable profit because when you hold a bitcoin for long time the particular amount you purchase the Bitcoin will not be as the same as the current price of Bitcoin that is why many people who hold Bitcoin they hold it Tight in order to make a profit knowing that they more they hold Bitcoin the more the value of bitcoin increases so no one today who is interested to hold bitcoin Until Death the essence of everyone investing in Bitcoin for long time is for the person to make a beneficiary profit.

I've seen many people who is not into a long-term holding of Bitcoin there are into a short-term holding or selling of Bitcoin because they needed the money or the capital to return back to the market why people who summon courage to invest in Bitcoin no very well the system of Bitcoin that it's neither depreciate or it increase in the market and the holding it for long time there is every tendency for you to make a triple of your capital when the market eventually enters a bullrun.

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.

some people can do that for their children and they have a portfolio of Bitcoin to any of their children and store it for their wallet until they die before such portfolio can be given to their children in question, human being cannot do if we can will some of her property to our animals what is it that someone cannot to buy a bitcoin and hold and will it to all in children, there is a possibility for a such to happen so I believe whoever that is holding Bitcoin have it's own motive of holding Bitcoin.

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.

one thing is that every person have it way of keeping Bitcoin or holding bitcoin for long time I believe that the major thing that makes people to keep their bitcoin for long time is because the actually needed the profit when your time or your target have no reached for you to sell your Bitcoin I don't think that you will sell your Bitcoin, many people sell their Bitcoin based on target why others sell. their own Bitcoin based on panic that is why you cannot compare whoever that I have target in Bitcoin and someone who does not have a target in Bitcoin.

[eightdots]

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 my 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.

There are many ways to hold on to your Bitcoins and not sell them. The method you mentioned is one of them. To do this, you'll need extra income, or you'll need to slightly reduce the amount of Bitcoins you buy and set aside some money in other funds. If you have extra income, you can use your investments or savings for emergencies instead of selling Bitcoin.

Since the goal of HODLers is not to sell their Bitcoins for as long as possible, any behavior that supports this is in their best interest.

If you are investing with this method and you can find resources in emergencies without selling your investments, you are doing the right thing.

[puloweh555]

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.

Yes that's right. Actually, to win bitcoins in a certain time period or long term depends on our respective strategies and goals. There are investors who are so eager to hold onto bitcoin in the long term that even if bitcoin reaches a new ATH they will still hold on to it because they have enough money for their needs. However, there are also investors who only look for profits and in certain periods, if they feel they have made a profit, they sell some or even sell and buy again when prices fall.

I myself am one of those people who only look for profits at certain moments. Like yesterday the price of bitcoin reached $73k, I sold it because I had made 2x the profit and bought it back for $62k and now the price of bitcoin has reached $70k again. Actually holding bitcoin depends on our goals in investing, but it is still recommended for the long term, even if we sell it out of necessity, but when we have more money we still have to buy it using the DCA method again so that we always hold bitcoin.

[darkangel11]

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.

So, the deal is that fiat money is flawed as it keeps on being printed which causes inflation. This means that even without halvings and with no new people interested in bitcoin, no institutions and such, bitcoin should only inflate by 2% a year as new bitcoin is being mined, while fiat money inflates by 5% on the average, with some countries reaching 50% and more.
It's not about being stubborn and not selling. It's about holding all your spare cash in bitcoin since it doesn't inflate and puts you in control, regardless of what the government does. I bet Ukrainians and Russians got scared about holding their national currencies when the war broke out. When I hold bitcoin, I don't care.

My plan is to keep holding forever, but when there's something I need to buy and the price is right, I will buy it.
I'm a go down with the ship type of guy so when bitcoin was falling I've always held, but I buy stuff in bull markets. This year the plan is to build a nice detached garage for 2 cars next to my house.

[JoyMarsha]

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 of us invest in bitcoin in order to profit from it and to have it act as a store of value that we may even transfer to our families by giving them the seed phrase of our crypto assets before we pass away.

Nobody has, in my opinion, made the decision to keep bitcoin in their portfolio forever. There will certainly be when they intend to sell their Bitcoin holdings for enormous gains and that's no one business when anyone decides to sell their bitcoin. 

What matters is how much bitcoin have you accumulated so far and what price are you selling your bitcoin at. 

[Youngkhngdiddy]

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.

   You really said well, kudos to you for teaching these newbies on why it is an important to take profit, your thread is simple and straightforward. This is really helpful for those that took the concept of Hodling too far, the main reason for any investment is to make profit, of what is the use of the investment if you are not making the profits. The painful thing about the whole thing is seeing the profit but refusing to take profit then losing the whole thing afterwards. Just like you’ve said once you made the profit 2times or 3times your capital, that’s a good investment if I must say, at least you capital is not the same. If you strategy is to hodl even after seeing profit, then that must be a very bad strategy. If you are even taking out the profit and leaving the rest it a better option than just leaving it to retest it price.
   Do not forget the goal that’s the most important thing, the OP to me is deviate from his initial goal, at some point there will be time for you to sell off maybe use the money for emergency or even enjoyment. Please this is important if you are in profit and you feel like it’s a good profit for you, pleas do not be greedy to allow the good slide down your line. Take your profits !! Don’t forget why you started investing in the first place, it not some sort of decoration for your device. Stick to the plan and keep up with the goal. The market will hassle you if you set at too long, how to enjoy the market is knowing when to step in and know when to step out.

[coolcoinz]

My goal is to keep taking some profit from the top during bull markets and stack bitcoin in bear markets.

I'll give you an example.
In every bull market when the price breaks the last ATH I start selling a bit and buying all the things that I had plans for in the previous years. For instance, in the 2021 bull market I bought myself a car and some electronics like a new computer. When I have all the things I need and the price is still going up I will get a bit of cash to have some money for potential investment in the bear market and that's what I did in 2021. All of that selling amounted to a small part of my holdings.
In a bull market I start buying bitcoin, first with the profit from my bull market sales and then from my monthly income and that's what I did in 2022 and 2023.

If the price goes to crazy numbers like a million dollars, I'll still do the same.

[arjunmujay]

I myself am one of those people who only look for profits at certain moments. Like yesterday the price of bitcoin reached $73k, I sold it because I had made 2x the profit and bought it back for $62k and now the price of bitcoin has reached $70k again. Actually holding bitcoin depends on our goals in investing, but it is still recommended for the long term, even if we sell it out of necessity, but when we have more money we still have to buy it using the DCA method again so that we always hold bitcoin.

what you do is more about bitcoin trading, not investing. not in the benefits you get, but how.

In fact, even if you don't do that, you can still make many times the profit by using DCA. and when you need it, you can sell some of the passive income you get from the DCA method. What's more, you will never worry about market movements, whether it is going up or down, everything will be fine because passive income will continue to flow and you can sell it even when prices are going down without feeling a loss.

[lienfaye]

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.

We have different goals. Some investors prefer to keep holding because of what they believe in. It's an advantage that they're still able to go on with their lives without the need to sell because they are not relying on their investment. The history that Bitcoin keep on increasing as time passes is a sufficient reason on why many of us chose to be a long term hodler.

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 depends. No one is stopping you to sell if that's what you think is the right thing to do at this moment (as you've said, you're already in profit). Because you're the only one who can answer this question for your Bitcoin. Thus, much better to have your own analysis because if you're going to ask the investors, probably majority will encourage you to hold.

[nimogsm]

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.

It is important to set goals for yourself. Without it, there is no point in doing anything. You can take back the money you invested (starting capital) and leave the rest and continue the experiment and watch your balance grow.
Let’s say I haven’t decided yet what I want to buy or what to invest in next. So I continue to accumulate my savings in cryptocurrency and, in general, I’m ready to exit at any time, but there is no need for this yet.

[Maslate]

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)?

What people just said is just a suggestion and its up to you if you listen. What's more important there is your decision since you are the one who can determine if some scenario is enough for you and want to get out. But make sure that you already settle and no doubts nor regrets that why did you decide to sell.

Its important that you have timeline set on your holdings also strategies so that you will not get bothered on some peoples opinion and can able to continue what you want to happen on your investment. Just remember that you are the one who can create a good result on your investment so think more better and create good decisions. Don't base your thoughts depends on other people opinion since not all the time they are right.

This is the reason why one needs to be knowledgeable on his investment at first before he will finally proceed on the investment process. So that in times confusion arise, he can weigh things right on what to do and what not to. Hodling bitcoin forever does not actually exist because in reality, people become more greedy to sell their coins once they have seen that there are already huge profits that they can get from selling their coins. So in the end, these people will eventually decide to sell, some become even more greedy to sell all their coins without leaving some coins for hodling so they can still look forward for future profits.