End Goal or Keep HODLing?

[arjunmujay]

~snip~
If you sell this and expect Bitcoin to come down, you might be disappointed that the price will go down and fomo is one thing you should.avoid in Crypto, you might buy at the wrong time later. I believe that on halving day, Bitcoin will surely dump. That's your best time to buy again and wakt for another run to start.

It also needs to be instilled in the minds of novice investors, the decline in Bitcoin will still occur. and smart investors will definitely take advantage of this opportunity to increase their accumulated bitcoin holdings. because we are not bitcoin miners, so one way to have more bitcoin is to buy from people who are affected by FOMO when the downturn occurs.

[dunfida]

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)?

Set your own goals and dont listen up on someones advises or recommendations since you are the ones who would really be making use of that money whether you should sell or hold forever.
We do have different priorities in life and there are moments on which we do really need to cash out or secure out our profits for something useful. Holding for lots of years?
It would really be testing out your patience and we do know that not all would really be that having that long patience when it comes to this one.

You cant really just that make yourself having that kind of consideration when it comes on following others advises since we do have different needs and situations in life.
Hold if you can and sell if you do see that it is really best time on doing so. Profit is profit doesnt matter whether its small or big.
Secure while you can rather than on selling on loss. lol

[Mate2237]

I've been buying Bitcoin since last year when it dipped in December

Op I am not disputing the fact that you bought bitcoin but my concern is that as of December last year bitcoin didn't enter into the Dip and Bitcoin dip was in June 2022 to November 2022 and from 2023 bitcoin was rating from $25+k and above and in December 2023 bitcoin price was about $45+k and above so I don't know which of the December you bought bitcoin as the dip. And that is not withstanding. Coming back to your topic and the first paragraph of the content. I will see it is only greedy people that role over and that is not the main purpose of bitcoin investment. In bitcoin investment, you invest in the dip or when bitcoin is on the lower price then in the bull market or All Time High, you sell them then in the next bull market you buy again and wait for the next bull.

But whereby you buy and be hodling it and when the bull market comes you are still hodling then I see that as savings and not investment.  Because in investment you are to buy and sell.

[TelolettOm]

No one would invest and keep on holding till they die, everyone invest to gain profit, and they would surely take it when they reach their goal.
What's the point on investing if you wouldn't even use your profit? it is an investment not charity do you plan on just being a contributor to make the price higher?

Agree. There is no one who plans to hold Bitcoin until he dies. Everyone who buys Bitcoin must plan to sell their Bitcoin at a certain price. He must expect to take profits from the investment, it is a normal way of people in Bitcoin investment. Although there are people who hold Bitcoin for many years, I'm sure they will also sell the Bitcoin and take profits someday in the future.

It is pretty true that it doesn't make sense if people always keep holding without any purpose. Why people spend their money in Bitcoin if they never get profits? I sounds quite strange that there are people who never sell their Bitcoin. Honestly, I never met the typical of people who hold Bitcoin for many years.

[freedomgo]

No one would invest and keep on holding till they die, everyone invest to gain profit, and they would surely take it when they reach their goal.
What's the point on investing if you wouldn't even use your profit? it is an investment not charity do you plan on just being a contributor to make the price higher?

Agree. There is no one who plans to hold Bitcoin until he dies. Everyone who buys Bitcoin must plan to sell their Bitcoin at a certain price. He must expect to take profits from the investment, it is a normal way of people in Bitcoin investment. Although there are people who hold Bitcoin for many years, I'm sure they will also sell the Bitcoin and take profits someday in the future.

It is pretty true that it doesn't make sense if people always keep holding without any purpose. Why people spend their money in Bitcoin if they never get profits? I sounds quite strange that there are people who never sell their Bitcoin. Honestly, I never met the typical of people who hold Bitcoin for many years.

I guess that is just some kind of exaggeration. No one will take risk in buying bitcoin if he does not have future plan to sell it. We all know that and everyone aim profits the moment we started trusting and investing in bitcoin. However, if there are those who actually invest without future plans to sell and make profits, I don’t think they’re completely aware about bitcoin investment. Otherwise, they should take time to sell and make profits so they can reinvest again when bitcoin price is at its bearish price.

[JollyGood]

If a situation in real life allows the investor to hold for longer then it will be a good thing for the long term but I think we all know the plain fact is that no two situations are the same. Also, after the ATH it stands to reasons the price will fall therefore what will happen at that stage when people have to make difficult decisions?

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)?

[harapan]

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.

There's always light at the end of the tunnel like they say,it'll be unwise and tactless to start and have embarked on this journey and eventually abandon the efforts,time and resources in just a day.
HODLing bitcoin requires so much effort and a very long time,even with the scandals from the economic situation.HODLing bitcoin is a super made decision at hand,By HODLing, you allow your investment to grow over time, which can lead to significant profits in the future.

Many experts recommend a "long-term" holding period of at least one year, though some suggest holding for as long as five years or more. This is because Bitcoin is a highly volatile asset,and some investors that do not like volatility or that they wouldn't prefer to trade virtual currencies.

[peter0425]

What do you do?

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

There is no other principles but to keep accumulating and holding bitcoin , for how many times that i deny this attitude and now i am in finalization of how much i can keep and earn in the coming months/years.
I have no plan of ending my goal now , i wanted to keep holding things that i regret doing all these years.

[pinggoki]

~

Indeed, holding is a thing and many people encourage others to hold as well but I don't think that holding forever is a must. At least holding them until it reach our target is a good sign to sell. Maybe I was wrong but investing is not all about holding but also about selling. We invest because we want to grow our money but holding our Bitcoin forever makes no sense, we'd rather not invest if we don't sell.

I will definitely sell my Bitcoin when I am already satisfied with the price and invest again when it drops. Perhaps, this is common scenario to see in the market, buy, hold, and sell.

That's my point, bitcoin is an investment not an heirloom that you're supposed to give to your grandkids, also you'd really be stupid not to sell when you're profiting so much because the price will go down someday and it's not always going up which means that you can still buy bitcoin after some time and get back in because it gets affordable to get in so sell when you feel like the profit is right there for you, nothing wrong with enjoying the profits right? If you're a hardcore hodler, you can probably just sell at a big profit and then wait for bitcoin to go down then buy bitcoin again but you've got more value out of your money.

[Vinaa77]

Indeed, holding is a thing and many people encourage others to hold as well but I don't think that holding forever is a must. At least holding them until it reach our target is a good sign to sell. Maybe I was wrong but investing is not all about holding but also about selling. We invest because we want to grow our money but holding our Bitcoin forever makes no sense, we'd rather not invest if we don't sell.

I will definitely sell my Bitcoin when I am already satisfied with the price and invest again when it drops. Perhaps, this is common scenario to see in the market, buy, hold, and sell.

That's my point, bitcoin is an investment not an heirloom that you're supposed to give to your grandkids, also you'd really be stupid not to sell when you're profiting so much because the price will go down someday and it's not always going up which means that you can still buy bitcoin after some time and get back in because it gets affordable to get in so sell when you feel like the profit is right there for you, nothing wrong with enjoying the profits right? If you're a hardcore hodler, you can probably just sell at a big profit and then wait for bitcoin to go down then buy bitcoin again but you've got more value out of your money.

When someone has made a profit from an investment and does not take the profit, of course they will be ready to hold it for a longer period of time, but if I myself have made a profit from the investment then I will take the profit and when the price goes down again then I will collect it back at a cheap price and hold it for a long period of time, you are right, of course there is nothing wrong with enjoying the profits from investment and that is the goal of every person who invests.

[bounceback]

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)?

For me, holding bitcoin for the long term doesn't mean I will hold it forever without touching it, but I have made a strategy and have determined when I should sell the bitcoin I hold, like right now, the market is bullish so I sell some of the bitcoin I hold for looking for profits from the ups and downs of price movements and partly I continue to hold it until the Bitcoin halving event occurs so that I have the opportunity to get the highest peak price when I sell it later.

[Agbe]

Before I will start we have to k ow which of the goal did the person set to invest in bitcoin? Is it short term or long term goal? If the person invest in short term goal then there is no big deal on the matter, when he thinks that it is okay for him to sell the coins then he can do that without looking for help. But if the goal he set was a long term one then the perpetual hodling must be in his heart. And one thing you have to know is that because the person said he is holding for long term does not mean he will not sell when the price hit all time high but he can only sell them and buy when the price comes down again. And it is not to sell a s stop there. Or continues holding till the All Time High in the peak of it.

[SeriouslyGiveaway]

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?

This is something that there has been a lot of debate among Bitcoin holders on this forum. Many people believe that selling Bitcoin for USD in the short term when profitable is an unwise action, and they believe that it is not Bitcoin holders. And they believe that Bitcoin holders must hold for a long time, at least 1 cycle (4 years). There are also opinions that their holding of Bitcoin is just an investment, and since it is an investment, there would be a specific profit-taking plan. They don't care how long they hold, as long as they meet the target they initially set, they will sell. For a few, holding Bitcoin is like a religion for them, they have no intention of selling, only buying more.
I think there are many purposes in buying and holding Bitcoin, it is important that you determine what your goal is? Don't be influenced by other people's opinions, because each person's investment situation and position is different.

[Solokan]

In my opinion, in this case it depends on the bitcoin holder himself when he wants to sell it and of course it's up to the person holding the bitcoin.

Of course, everyone has different thoughts, namely there are those who invest in BTC for the long term, for example, they don't determine when they will sell it and there are also those who sell their BTC during a bull run and after selling it during a bull run, then after the bear market they buy Bitcoin again.

There are also those who invest in BTC, for example for the short term, for example after making a profit, even though it's not big, but sell it. Of course in this case it depends on our interests when we will sell and of course in this case we have to be able to sell at the right time.

because you have bought BTC during a bearish market, of course you will have made a big profit and of course every BTC investor, in my opinion, will definitely feel anxious, such as when the BTC price is high and there is always a feeling of dilemma because you are afraid that the BTC price will fall again and you won't get a profit. It's big, so of course in this case it's up to the person who has BTC to sell it when.

Personally, I always invest in short term and long term BTC so I will take advantage of short term investment in BTC and long term BTC.

[Jating]

Before I will start we have to k ow which of the goal did the person set to invest in bitcoin? Is it short term or long term goal? If the person invest in short term goal then there is no big deal on the matter, when he thinks that it is okay for him to sell the coins then he can do that without looking for help. But if the goal he set was a long term one then the perpetual hodling must be in his heart. And one thing you have to know is that because the person said he is holding for long term does not mean he will not sell when the price hit all time high but he can only sell them and buy when the price comes down again. And it is not to sell a s stop there. Or continues holding till the All Time High in the peak of it.

Most likely if we have been in the market before or at least experience block halving, we should be looking for long term and keep HODLing. Our end goal is to make money right? And so we can accomplished it by accumulating sats, it doesn't to be 1 BTC right away. For common or average joe investors like the majority of us, it just a few sats like every week or even a month.

So I guess the end goal here is to hold as long as we can. And from what I learned being in the market already, it's better to accumulate when the price is down, meaning accumulation starts once we experience bear market. I know it's tough to buy and hold for years, but if others can do it, I think everyone can manage it as well. And then sell and timing the market when it's almost at the top.

[Agbe]

Most likely if we have been in the market before or at least experience block halving, we should be looking for long term and keep HODLing. Our end goal is to make money right? And so we can accomplished it by accumulating sats, it doesn't to be 1 BTC right away. For common or average joe investors like the majority of us, it just a few sats like every week or even a month.

So I guess the end goal here is to hold as long as we can. And from what I learned being in the market already, it's better to accumulate when the price is down, meaning accumulation starts once we experience bear market. I know it's tough to buy and hold for years, but if others can do it, I think everyone can manage it as well. And then sell and timing the market when it's almost at the top.

Yeah the best goal to set is the long term but not everyone can endure that long term investment plan because it needs time and patience. And as for me this the first halving I am about seen in the cryptocurrency ecosystem market. And if the price is favorable I will make sure that I acquire more to the investment portfolio and be hodling it for a long time. And if apply the average Joe method then it should be depending on the kind of work you does before you can say weekly or monthly. Yeah the end goal is to invest for a long term.

[Humblevirus]

Before I will start we have to k ow which of the goal did the person set to invest in bitcoin? Is it short term or long term goal? If the person invest in short term goal then there is no big deal on the matter, when he thinks that it is okay for him to sell the coins then he can do that without looking for help. But if the goal he set was a long term one then the perpetual hodling must be in his heart.

Anybody who invest in bitcoin have to plan for a long time investment because that is how it works. So, if someone have a short time goal that he want to achieve that person should no go for bitcoin investment. because there is possibility of him loosing when he is ready to sell. because you most invest for a long period of time before you make profit, and I think that is the only way you will get profit from your investment.

Although, some investors normally set a target for their investment they sell a specific price of when they will sell their investment, so someone who invest in bitcoin to achieve a goal can also do that is not a big deal.

[Miles2006]

Everyone will have something different to say like an opinion to share but it might be different from yours. My little advice is you make research and plan for your personal target, everyone investing don't just invest with zero target like mine can be 5_10 or 4_8 years for example, it depends on your view towards bitcoin investment. If you're looking at the market as an short term profit investment then it's your choice, my investment plan might be different from your plan but there's this habit of always wanting more so I think you just want to still hold cause you see people predicting the price for $120k and with your speculation also.

[Agbe]

Before I will start we have to k ow which of the goal did the person set to invest in bitcoin? Is it short term or long term goal? If the person invest in short term goal then there is no big deal on the matter, when he thinks that it is okay for him to sell the coins then he can do that without looking for help. But if the goal he set was a long term one then the perpetual hodling must be in his heart.

Anybody who invest in bitcoin have to plan for a long time investment because that is how it works. So, if someone have a short time goal that he want to achieve that person should no go for bitcoin investment. because there is possibility of him loosing when he is ready to sell. because you most invest for a long period of time before you make profit, and I think that is the only way you will get profit from your investment.

Although, some investors normally set a target for their investment they sell a specific price of when they will sell their investment, so someone who invest in bitcoin to achieve a goal can also do that is not a big deal.

you can't say all but it is a decision for the investors and the plan of the investment. Some people will like to invest for a short term and use the money to do another things when the time elapsed. Like there are some students who invest in bitcoin with their school fees and give a short period of time and calculate the period very well to know if they would have profit within that short term. And if they got profit then would be very happy and if they didn't they take their capital and use it to pay their school fees. And those are the risk takers in the bitcoin investment platform. Because I. That short period if the price of bitcoin goes down below the investment capital then they would be at the losing side.

[Ryu_Ar1]

I keep a long-term view, believing in Bitcoin's potential to shake up finance over time. Diversification is key so I spread my investments around to manage risk. I'm cautious with my money, only investing what I can afford to lose and not getting caught up in hype. I stay informed by reading up on the latest trends and tech developments. Overall I just do what feels right for my financial goals and risk tolerance

When you talk about the long term and say diversification in it, I think it's a bit naive in the end.
Indeed when we talk about the saying that we should not keep all our eggs in one basket, it seems quite good, but on the one hand we also have to know that sometimes diversification is not very important in bitcoin ownership.

We are aware that when talking about crypto its certain that this does not only focus on bitcoin because in the end there are several altcoin projects that are in it but on the other hand we also have to assess from all sides where about the strength of the money that we will put in investment and risk management that will be owned it would be very naive when talking about bitcoin and diversifying it with altcoins which incidentally have greater risks.
Not that diversification is a mistake because when we are in crypto then indeed all the will and decisions are in our own hands but it would be a little not too wise to say with the long term but focusing on being other than bitcoin .