End Goal or Keep HODLing?

[batang_bitcoin]

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.

Many does look at the market for being short term but they don't know that if they keep and become long term here, there's more profit that they're going to make. Effortless and easy, that's why most of us are going to hold no matter what the market shows. Sometimes, it is discouraging but that's part of its growth that we have to go through some balance and correction for us to see how profitable this market is as it skyrockets. If there are no dumps then for sure that there are also no moving up of it or the opposite action of bitcoin. But as we've been familiar with Bitcoin if you've been here for years, you'd just hold.

[Distinctin]

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.

While hodling can be profitable, but we will only come to realize those real profits if we decide to sell them after years of keeping them. That’s the only way where we can enjoy our hard-earned profits once we start selling them for real. However, we can always decide not to sell them all but sell just a portion of them, that is if we are still looking forward for our future profits. While bitcoin can satisfy our longing for profits, but knowing its value appreciates more in the years to come, then it’s best to sell them in portion every year so we can still increase the amount of our profits.

[lixer]

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.

I also don't think any sane person would sell their saved bitcoins at this time when everyone is seeing how high the price of bitcoin is now and how much higher it can go. I regret that six months ago I sold some of my bitcoins, now I wish I hadn't sold them.

It is said that a man learns from his past mistakes, so I think no one should make this mistake now, if they have old bitcoins they bought when the market was very much down, they should save them for at least six months or a year from this point because we are yet to witness the actual bull run which generally occurs after the halving event in every Bitcoin cycle.

[arjunmujay]

I also don't think any sane person would sell their saved bitcoins at this time when everyone is seeing how high the price of bitcoin is now and how much higher it can go. I regret that six months ago I sold some of my bitcoins, now I wish I hadn't sold them.

It is said that a man learns from his past mistakes, so I think no one should make this mistake now, if they have old bitcoins they bought when the market was very much down, they should save them for at least six months or a year from this point because we are yet to witness the actual bull run which generally occurs after the halving event in every Bitcoin cycle.

no one can predict with certainty how much the price of bitcoin will rise when and after the halving occurs. Therefore, become a player in it so you can feel how valuable the bitcoins you have are. and even though bitcoin has experienced a decline, don't sell this very valuable asset, because there are still many people out there who want bitcoin at an even cheaper price even though that will never be possible.

[Russlenat]

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

The best solution for this is set some coins to sell but leave a portion of it for long term hodling. That way, both sides will be cater, and you won’t end up regretting wishing you have sell or not. While profits is the main goal of everyone, I think it’s also valid to reserve some of our coins for future investment. Just sell only when you badly needed the funds, but hold if you think there are bigger potentials for profits hopefully in the years to follow.

[red4slash]

no one can predict with certainty how much the price of bitcoin will rise when and after the halving occurs. Therefore, become a player in it so you can feel how valuable the bitcoins you have are. and even though bitcoin has experienced a decline, don't sell this very valuable asset, because there are still many people out there who want bitcoin at an even cheaper price even though that will never be possible.

For the problem of price certainty we will never be able to definitively predict that the nominal increase in terms of value or indeed what the exact price will be obtained by bitcoin but by looking at the progress and some things that happened before, of course, there is an optimistic situation where the increase even for the price of $100k can be achieved when halving or after halving occurs so that with seeing the current conditions where the increase and bullishness are still ongoing then it is indeed possible for us to get that price sooner or later but indeed as you said if we really want to feel that then we have to stay in bitcoin only there are other considerations when looking at this because in my opinion everyone who is in bitcoin has their own goals and that is a sure thing. We also cannot force if there are people who will stop even before the halving because as long as they have benefited then indeed to leave is also not a problem if they want to because it is a definite action according to them right by taking advantage of what they planted before as a form of investment .

[Stablexcoin]

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.

I also don't think any sane person would sell their saved bitcoins at this time when everyone is seeing how high the price of bitcoin is now and how much higher it can go. I regret that six months ago I sold some of my bitcoins, now I wish I hadn't sold them.

It is said that a man learns from his past mistakes, so I think no one should make this mistake now, if they have old bitcoins they bought when the market was very much down, they should save them for at least six months or a year from this point because we are yet to witness the actual bull run which generally occurs after the halving event in every Bitcoin cycle.

Don't be surprised there are still investors who have accumulated enough bitcoin that would choose to sell some portions of it to buy cars, houses, and other luxurious things. Do you think it is stupidity to do that? Think about it those investors that started investing in Bitcoin 10 years ago selling now and living the life they deserve won't be such a bad idea. In my opinion i feel like it is not a bad idea but selling their entire Bitcoin that is where they might be wrong.

[Antotena]

.
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 can't hold Bitcoin forever, atleast for my understanding because you can't be holding something in secrete that you don't want anybody to know because of privacy reasons. God forbid, what happen when you keep holding forever and then one day you died and nobody know you own Bitcoin and even they do, not like you wrote a will somewhere that you want it to be access and I doubt if it's even sate to write a will about holding a bitcoin in the first place.

Sell if when you have had enough profits but don't sell everything, sell when you know you have achieved the goal of holding like for instance, we have people that are holding Bitcoin from 2009, their goal could be because they want to hold it till Bitcoin cross over $100k be for they sell and it cool but sell when you think it's right, no point in holding forever except there is a way which your keys can be access when you don't breathe air again.

[stadus]

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.

I also don't think any sane person would sell their saved bitcoins at this time when everyone is seeing how high the price of bitcoin is now and how much higher it can go. I regret that six months ago I sold some of my bitcoins, now I wish I hadn't sold them.

It is said that a man learns from his past mistakes, so I think no one should make this mistake now, if they have old bitcoins they bought when the market was very much down, they should save them for at least six months or a year from this point because we are yet to witness the actual bull run which generally occurs after the halving event in every Bitcoin cycle.

Obviously now is not the right time to decide to sell since bull run isn’t happening yet. And even if bull run is finally here, I wouldn’t suggest to sell everything you have just to get massive returns. Leave some of your coins for another years of long term hodling because bitcoin price proves to appreciate in time, so the longer you hold, the bigger the profits you will earned. Although one should not hold until forever, but if ever you want to sell them all, make sure that you have reached your goal price, otherwise you will regret thinking wishing you did not sell them all.

[Sandra_hakeem]

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 strictly based on individual differences dude... I can't really say when you have to sell your Bitcoins, but I can advice on when to buy.
These are my reasons; everyone passes through a different phase of life and, sometimes, you could need to rejuvenate your career, personal life, or some other exegencies of life.
At that point, do you have any reason to not sell some part of your HODLing to solve your problems? No!

After 10 or 20 years, if you have a stable job and life, you will rarely try to sell your Bitcoin.

I'll sell them if it ever gets to that point from now. The sole aim is getting a better life alongside with every other benefits.
I have learnt so much with the little time I've spent in here and, I think that's a benefit that comes with HODLing.

Edit;

I also don't think any sane person would sell their saved bitcoins at this time when everyone is seeing how high the price of bitcoin is now and how much higher it can go. I regret that six months ago I sold some of my bitcoins, now I wish I hadn't sold them.

You didn't sell them for some random reasons, did you? There are some situations in real life that you can't help...

[JollyGood]

The first post in this thread (the OP used to create this thread) was made on 24th March 2024. The second post made by the OP was made today on 16th May 2024. The gap between the two posts was 125 posts. Not only that, the last post in the thread was 29th March 2024 but the OP decided to post here today.

Not in all cases but most, if members are not going to participate in threads they create they should either lock them or not bother making them in the first place.

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)?

Don't be surprised there are still investors who have accumulated enough bitcoin that would choose to sell some portions of it to buy cars, houses, and other luxurious things. Do you think it is stupidity to do that? Think about it those investors that started investing in Bitcoin 10 years ago selling now and living the life they deserve won't be such a bad idea. In my opinion i feel like it is not a bad idea but selling their entire Bitcoin that is where they might be wrong.

[Wakate]

I also don't think any sane person would sell their saved bitcoins at this time when everyone is seeing how high the price of bitcoin is now and how much higher it can go. I regret that six months ago I sold some of my bitcoins, now I wish I hadn't sold them.

It is said that a man learns from his past mistakes, so I think no one should make this mistake now, if they have old bitcoins they bought when the market was very much down, they should save them for at least six months or a year from this point because we are yet to witness the actual bull run which generally occurs after the halving event in every Bitcoin cycle.

no one can predict with certainty how much the price of bitcoin will rise when and after the halving occurs. Therefore, become a player in it so you can feel how valuable the bitcoins you have are. and even though bitcoin has experienced a decline, don't sell this very valuable asset, because there are still many people out there who want bitcoin at an even cheaper price even though that will never be possible.

What we might not understand about the bull market is that it is not certain the actual time the price of Bitcoin is going to skyrocket that is why we are left with puzzle of trying to buy as much as we can so we can make money from when the price of Bitcoin skyrocket. The bull market is going to come and continue but we are left with the confidence to buy and hold. If we want to buy and make money we would be ready to avoid some unnecessary buying because it looks like the price of Bitcoin might still go down which will be a perfect opportunity for those that want to buy and hold.

[Ale88]

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)?

Holding forever doesn't make much sense for me, what's the point, being rich only looking at a smartphone? Many people must hold because they own very little quantities so sometimes it's not even worth selling what they have unless bitcoin reaches some very important numbers. Even someone who owns a full bitcoin, ok, $65k are a lot of money but they are not going to change your life. Probably not even in a third world country.

[Ben Barubal]

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.

I also don't think any sane person would sell their saved bitcoins at this time when everyone is seeing how high the price of bitcoin is now and how much higher it can go. I regret that six months ago I sold some of my bitcoins, now I wish I hadn't sold them.

It is said that a man learns from his past mistakes, so I think no one should make this mistake now, if they have old bitcoins they bought when the market was very much down, they should save them for at least six months or a year from this point because we are yet to witness the actual bull run which generally occurs after the halving event in every Bitcoin cycle.

      If you were able to sell Bitcoin six months ago, you wouldn't do that if you didn't have an important use for it, so you shouldn't regret it because I am pretty sure that it helped your family or your loved ones.

     Yes, I understand the sympathy of your feelings, because it is true that it is sad that, if we think about the value of the amount of bitcoin that you sold, it is possible that the amount that was when you took it out may have doubled or more.

[Dr.Osh]

Each person will have a different opinion about this, because each person has different conditions and goals in investing in Bitcoin. I think, it's very good to invest in bitcoin, but if we don't take advantage of it, then we can't feel the benefits of investing in bitcoin. Personally, I always hold onto the investments I own until I feel that it is a good profit to sell, or I will take a profit when I need it. So, if I'm confident in the bull run continuing, I'll hold until I need it or I feel like it's enough.

[Outhue]

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.

While hodling can be profitable, but we will only come to realize those real profits if we decide to sell them after years of keeping them. That’s the only way where we can enjoy our hard-earned profits once we start selling them for real. However, we can always decide not to sell them all but sell just a portion of them, that is if we are still looking forward for our future profits. While bitcoin can satisfy our longing for profits, but knowing its value appreciates more in the years to come, then it’s best to sell them in portion every year so we can still increase the amount of our profits.

This is correct but some holdings will turn to huge amount of money that we can't spend all, unless we start buying things that we don't need, many people only want to have great life experience that is why they use Bitcoin as their own Gold.

For example, I have most of my money in Bitcoin and I have decided to acquire more Bitcoin as time goes on, this doesn't mean that I won't spend some if need be  and I will take profits when Bitcoin makes a new high so that I will have enough to use for buy back in the next bear market.

Banks are reserves for humans, today Bitcoin is my own reserve, at least I will be ahead of inflation, unlike Fiat money, if I need to spend I will go into my Bitcoin wallet, as if I am operating my bank account.

Realized profits you say? I don't care much about this because Bitcoin is a digital gold, it is only newbies who don't understand the four-year circle will believe that they missed the top already, if you want to secure some funds then do it when Bitcoin makes an ATH.

[yazher]

You just need to simply set goals without mimicking others because they might have different lives than yours. As for making decisions solely by yourself, it will satisfy you whenever your goal is reached and you can just sell your bitcoins when that happens and buy after it when the price drops. Continue this process until you can finally hold it for a longer term to maximize your earnings. other investors can really wait much longer since they don't have any issues with their financial status, they can afford to lose their bitcoins investment and at the same time, they have multiple sources of income.

[Popkon6]

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)?

That's why bitcoins are held according to a plan, everyone has a plan in life. Because when you reach your plan you start selling bitcoins and again if you want to hold more you can hold more. Bitcoins are held or invested only for the purpose of gaining profit, one loves to hold for a long time but the plan is real capital. 
I invest bitcoin with DCA method I have been investing for more than a year. So this halving will live until next year's bull run, then start selling and buying again as per my plan.

[Mrbluntzy]

other investors can really wait much longer since they don't have any issues with their financial status, they can afford to lose their bitcoins investment and at the same time, they have multiple sources of income.

@yazher, you are right about some investors, before they invest in Bitcoin they were already rich due to other sources of income they built. It doesn't matter much to them if their Bitcoin is left for eternity without being sold. Everybody are not equally rich and doesn't have the same financial status, the only way OP can hold his Bitcoin for eternity is if he was very rich and doesn't have needs for the profit he made for his Bitcoin.

[AnonBitCoiner]

@yazher, you are right about some investors, before they invest in Bitcoin they were already rich due to other sources of income they built. It doesn't matter much to them if their Bitcoin is left for eternity without being sold. Everybody are not equally rich and doesn't have the same financial status, the only way OP can hold his Bitcoin for eternity is if he was very rich and doesn't have needs for the profit he made for his Bitcoin.

The time of holding is related to an investor's financial status so if an investor has lots of money and is already wealthy then there is no need to sell Bitcoin immediately and he can wait for longer time without thinking about his Bitcoin investment.

But if a person is financially unable then he will regularly check the market condition to sell his Bitcoin to make himself wealthy. Every person is not able to continue his holding for longer time and the reason is either impatience or their financial status which does not allow them to keep holding without selling as they need money for managing their life necessitates.