End Goal or Keep HODLing?

[Riginac111]

You need to continue holding bitcoin because if you fail to hold bitcoin that is it possibility that you may not continue to make a kind of profit you do make when you hold so the reason why people hold their bitcoin is because they really want to make a profit and also accumulate from different participative

[eightdots]

You need to continue holding bitcoin because if you fail to hold bitcoin that is it possibility that you may not continue to make a kind of profit you do make when you hold so the reason why people hold their bitcoin is because they really want to make a profit and also accumulate from different participative

Reaching the investor's goal means that he or she can terminate the investment. Some people bought Bitcoin long ago and have set a price to sell it at. When Bitcoin reaches this price, he can sell some or all of his investment. There are sellers and buyers at every price in the market. The current price may be someone's target price and they may terminate their investment. The current price can be one's entry price and one can wait until the price one targets. This is actually one of the very different aspects of the market.

It is known that Bitcoin holders profit in the long run. Those who have a long-term goal and can continue without terminating their investment in this process can achieve their goals. As I said, every investor's price target may not be the same.

[btc78]

You need to continue holding bitcoin because if you fail to hold bitcoin that is it possibility that you may not continue to make a kind of profit you do make when you hold so the reason why people hold their bitcoin is because they really want to make a profit and also accumulate from different participative

I think depending on how much he or she has invested in bitcoin in order to see a real difference between the amount invested and amount returned. If you are someone who had invested huge, you can probably see huge returns immediately meanwhile if you only invested a few then you can not see much difference after only a while so you may have to wait and hold for more until you see some really significant returns.

[Gaza13]

For me, I think that I've got an end goal within me, no way that it's going to hold on for dear life for me forever, going to be really helpful to me if I can get my profits, the money that I can get from it would definitely build myself a home and all the things that I've been holding back through discipline of not buying them will definitely be bought after a long time. Of course, hodling long-term is still a thing for me but I'm not going to be all that, just set a price goal and you'd be good to go when it comes to investing in bitcoin, you might also be able to do other things when you're not just hodling alone, who knows, you might invest during the altcoin season and hit the jackpot.

Yes, I agree with what you said, every person or investor who invests will definitely target what they want. Like Home or something. Not only me and of course everyone is also thinking about this, friends, it really takes a long process or time to achieve all this. Yes, of course all investors will release their assets to enjoy the profits they have been patiently accumulating and waiting for their desired targets. it's impossible for them to bury their assets until the end of the world. Yes, we don't just make one choice in investing, we need something like alt to be our investment collection to produce optimal profits, and pursue what we have aspired to. alt is indeed quite affordable compared to bitcoin. And choose an alt that has excellent fundamentals.

[Gladitorcomeback]

I think depending on how much he or she has invested in bitcoin in order to see a real difference between the amount invested and amount returned. If you are someone who had invested huge, you can probably see huge returns immediately meanwhile if you only invested a few then you can not see much difference after only a while so you may have to wait and hold for more until you see some really significant returns.

When we talk about the amount invested and the amount returned, we need to take into account the percentage of the return instead of its value because if someone is investing $1,000 and getting 10% in return and someone investing $100 and getting the same percentage in returns would essentially have the same return percentage but the value of their returns will be different but the impact will be the same.

$100 for someone who can easily afford to invest $1,000 has the same value as the $10 that the person who invested $100 earned. So it's never about the amount but it's about affordability and level of satisfaction. I know someone who invests more earns more, but someone investing less might also be earning a lot based on their income or financial capabilities.

[darkangel11]

Yes, I agree with what you said, every person or investor who invests will definitely target what they want. Like Home or something.

You're wrong and I can see why. You simply are not a millionaire, or a billionaire and don't have a rich person's mindset.
Imagine that there are people who already have very normal thing you could think of. They have many houses, many cars, a successful business, investments, multiple bank accounts. They have nothing they can't afford, but they want to keep their money safe, or they want to build a certain portfolio. Many people look for long term investment funds.
I don't care what price bitcoin is tomorrow, or in a year, I know its value and I'll continue to hold and hopefully my children will use it well in 20 or 30 years.

 

[Etranger]

You need to continue holding bitcoin because if you fail to hold bitcoin that is it possibility that you may not continue to make a kind of profit you do make when you hold so the reason why people hold their bitcoin is because they really want to make a profit and also accumulate from different participative

You can't hold it forever. It becomes like hoarding without application. You seem to have something, but it doesn’t affect your life in any way. I think the point of holding is to make a profit. And if the profit is unrealized, then it is not a profit at all. Therefore, the holder must have a goal in which he cashes out at least part of his position.

[tread93]

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)?

Bitcoin holders believe in bitcoin's ability to act an an anti-inflationary agent in their portfolio. If Banks are the disease then bitcoin is the cure! Bitcoin is going to prove to be the greatest safe haven asset the world has ever seen, & it is currently already doing quite a fantastic job at moving up in price over time & the chart looks absolutely beautiful. I plan to hold on for at least another 5 or 6 years I think around 2030 the crypto market will be very mature.

[ultrloa]

You need to continue holding bitcoin because if you fail to hold bitcoin that is it possibility that you may not continue to make a kind of profit you do make when you hold so the reason why people hold their bitcoin is because they really want to make a profit and also accumulate from different participative

You can't hold it forever. It becomes like hoarding without application. You seem to have something, but it doesn’t affect your life in any way. I think the point of holding is to make a profit. And if the profit is unrealized, then it is not a profit at all. Therefore, the holder must have a goal in which he cashes out at least part of his position.

Its not holding anymore if they don't have plans and just think about holding it without proper timeline since maybe as you said it will became hording. But he should set a plan regarding on his holdings since if he just do that for the sake of he has something to tell that he's a bitcoin holder then maybe there might be a chance that he could lose his bitcoin especially if there's sudden unfortunate changes will occur. Proper planning is important so they can set some goals on what year they should sell since its important to secure our profit if our targets has been meet.

Also its different story if there's an emergency situation happen and your emergency funds is not enough to cover up your needs then its good to sell your holdings so that you can get a solution on your problem then I think this is also a somehow good scenario to sell but if there's nothing like this happen and everything is in normal situation then continue to hold for better future.

[khiholangkang]

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)?

Bitcoin holders believe in bitcoin's ability to act an an anti-inflationary agent in their portfolio. If Banks are the disease then bitcoin is the cure! Bitcoin is going to prove to be the greatest safe haven asset the world has ever seen, & it is currently already doing quite a fantastic job at moving up in price over time & the chart looks absolutely beautiful. I plan to hold on for at least another 5 or 6 years I think around 2030 the crypto market will be very mature.

Yes we believe in bitcoin about its cycle that repeats every 4 years, and it will give us the answer to the bad FIAT about its huge inflation and taking away our hard-earned wealth, long term defense is good and we will be safe in terms of finance in the future if we hold a large amount.

I plan like you also to continue to hold bitcoin, but also need to see that market fluctuations exist, and for me who only has a little money to invest in bitcoin then what I need to do is sell when the bitcoin price is high and collect back when the price is very low, and that happens in the Bear and Bull cycle, I have to maximize the benefits that I can get to get to 2030 in a better way than just waiting.

[Casdinyard]

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)?

While there are some people who think this way, personally I see HODLing as a little bit of an exaggeration of what I really want to do with my crypto, which is to hold them for an extended period of time, take a little bit of it as profit and keep the rest within the system so I don't take off my feet on the proverbial door, and then rinse and repeat, until either bitcoin dies or I die. This is the concept I have been playing around with for a while now, and I'm pretty sure a good amount of people in this forum believes and behaves the same way as I do as well.

There's just some cases where you can't really do this though, in countries where crypto as a whole is banned, crypto preppers who airlock their cryptocurrencies to make sure they don't get stolen. And the sad,sad population of people who still had their hard drives with their bitcoins but forgot their password so they can't get a hold of the money that's in there.

The rest of us, we should be good with what we're doing right now, invest a lot, take out a little when the money grows, rinse and repeat.

[barisbilgili]

Yes we believe in bitcoin about its cycle that repeats every 4 years, and it will give us the answer to the bad FIAT about its huge inflation and taking away our hard-earned wealth, long term defense is good and we will be safe in terms of finance in the future if we hold a large amount.

However it also has risks, even though there is a big possibility that the price of Bitcoin will continue to increase every 4 years, reaching its latest ATH, but there is no guarantee that this will continue to happen, so everything is still possible and I believe that all possible profits will be worth it with the risks.

I plan like you also to continue to hold bitcoin, but also need to see that market fluctuations exist, and for me who only has a little money to invest in bitcoin then what I need to do is sell when the bitcoin price is high and collect back when the price is very low, and that happens in the Bear and Bull cycle, I have to maximize the benefits that I can get to get to 2030 in a better way than just waiting.

The target is quite long and I like it, 2030 is likely that there will be a lot of profit that you will get if you are able to save Bitcoin.
I am also like you, I don't have a lot of capital to buy Bitcoin in large amounts, but I think that if I enter or try to trade daily to increase my amount of Bitcoin, I will continue to be at risk because I experienced this a few years ago when I tried that but the price Bitcoin is going downhill and I can't get in anymore
So now it's better for me to try to slowly buy Bitcoin slowly to save it for the long term.

[nurilham]

Bitcoin holders believe in bitcoin's ability to act an an anti-inflationary agent in their portfolio. If Banks are the disease then bitcoin is the cure! Bitcoin is going to prove to be the greatest safe haven asset the world has ever seen, & it is currently already doing quite a fantastic job at moving up in price over time & the chart looks absolutely beautiful. I plan to hold on for at least another 5 or 6 years I think around 2030 the crypto market will be very mature.

IMO, there is no safe haven asset. Bitcoin investment also has risks, the price also fluctuates and unpredictable. I don't really understand why you think Bitcoin is anti-inflationary, I think the assumption is too exaggerated. I also disagree if you assume bank is like a disease. In a certain situation, bank also helps us to have a proper financial system. Sure, Bitcoin makes us to have a better financial in the future. But we can't discredit the existing financial system.

It is good that you plan to hold for 5-6 years. However, you need to understand the 4 years cycle of bearish-bullish. You don't choose the wrong time for buying a lot of Bitcoin for you assets. The bearish season is the best time for buying, meanwhile the bullrun season is the time for taking profits. Personally, I don't set certain years for holding, I just adjust the 4 years cycle. I think it is the most effective way to determine the goal/target.

Anyway, why 2030 the market should be mature? Is the current market not mature?
Honestly, I don't really understand what you mean with 'mature market'. 

[GbitG]

You need to continue holding bitcoin because if you fail to hold bitcoin that is it possibility that you may not continue to make a kind of profit you do make when you hold so the reason why people hold their bitcoin is because they really want to make a profit and also accumulate from different participative

Hmm that's true but I think Its depends on a person's personal goals and financial plans. Maybe someone bought Bitcoin when it was at $16k and they have already achieved their target and are willing to sell now, they can indeed get more profit if they keep holding in case the market goes up, but it isn't a necessity for everyone to keep holding even when they have already achieved what they were looking for.

One can only keep holding their assets after having met their target if they know they don't need the funds at the moment and they can still keep holding, but there is also a chance for the market to go down and then they might not get the amount of money they were looking for from their investment, this is why sometimes it is better to sell and take profit if you are satisfied with the profits.

[YUriy1991]

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?

If it has been bought and has received profits in accordance with our expectations that we have previously determined whether it is 50% or must be above that number, it is up to us, and it is not funny if the profit has been qualified for us to withdraw postponed again.

Of course, BTC if invested and really gets a maximum profit of at least 5 years and above or longer is even better. There's always another chance if we really want to take it back after you've taken advantage.

[coolcoinz]

You can have 2 basic approaches to bitcoin. You either think it's a pump and dump and that's where you look for an exit point, or you believe it's a permanent asset that is going to eventually stabilize and become more of a digital gold. I'm in that second group which is why I don't look for an exit price. I only look for a price where I can buy something with my bitcoin and usually that moment is during a rally.

IMO, there is no safe haven asset. Bitcoin investment also has risks, the price also fluctuates and unpredictable.

There's always a risk, but safe haven assets are characterized with very small risk, or a very good risk-reward ratio.
That ratio has actually been measured by a number of investment banks and they came to a conclusion that 1-2% allocation into bitcoin should be a standard among companies.

[khiholangkang]

Yes we believe in bitcoin about its cycle that repeats every 4 years, and it will give us the answer to the bad FIAT about its huge inflation and taking away our hard-earned wealth, long term defense is good and we will be safe in terms of finance in the future if we hold a large amount.

However it also has risks, even though there is a big possibility that the price of Bitcoin will continue to increase every 4 years, reaching its latest ATH, but there is no guarantee that this will continue to happen, so everything is still possible and I believe that all possible profits will be worth it with the risks.

Yes, there is no guarantee that it will repeat the same thing, but we see that bitcoin has so far done the same thing and proven itself, only self-validation can be relied on to confirm this, bitcoin adoption is not so wide and technology is still developing, so bitcoin is one of the pioneers for the future, even though it is a delusion but who knows that it has the possibility to happen.

I plan like you also to continue to hold bitcoin, but also need to see that market fluctuations exist, and for me who only has a little money to invest in bitcoin then what I need to do is sell when the bitcoin price is high and collect back when the price is very low, and that happens in the Bear and Bull cycle, I have to maximize the benefits that I can get to get to 2030 in a better way than just waiting.

The target is quite long and I like it, 2030 is likely that there will be a lot of profit that you will get if you are able to save Bitcoin.
I am also like you, I don't have a lot of capital to buy Bitcoin in large amounts, but I think that if I enter or try to trade daily to increase my amount of Bitcoin, I will continue to be at risk because I experienced this a few years ago when I tried that but the price Bitcoin is going downhill and I can't get in anymore
So now it's better for me to try to slowly buy Bitcoin slowly to save it for the long term.

Of course trading every day is very inconvenient where we have to look at the market every day and many things have to be considered every day, and daily bitcoin is sometimes flat and sometimes also drops, what I mean is to collect when bitcoin drops or there is a decline like in 2022, it can also be said as a slow accumulation and we sell it in 2025 which is the 4th year in this cycle.

[doomloop]

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.

I don't see any point if someone is holding their Bitcoin for infinity or too long even if they are rich because you have to take profit at some point. It might be possible that a person who is already rich is buying Bitcoin not for profit but for the properties and facilities it offers such as decentralization, financial privacy, security, etc.

Those who are not rich and feel that they might need the money very soon, aren't supposed to make investments in Bitcoin or any other cryptocurrency because one should only invest money that isn't supposed to be used for anything else.

This is why people always say that you should only invest spare money in cryptocurrencies.

[peter0425]

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.

Some people follow the rule that you should only invest what you can afford to lose. So you can just invest a few extra money you don’t exactly need anymore so you hold for as long as you can if possible. Even if you are not the wealthiest man on earth, discipline and determination are two of the things that can make you successful in anything that you do.

[ndutndut]

I think people who say they will hold forever are just exaggerating. They don’t actually mean they are never going to sell it but rather this kind of expression stems out from the belief that bitcoin is going to continuously grow hence the saying that they will hold on.

They will hold on until they die is kind of saying that no matter what happens, no amount of fud can make them sell their holdings. At least that’s what I think. I do not know any person who plans on never selling their coins.

I also think the same as you. They can say that because they believe that Bitcoin has good fundamentals for the future and that Bitcoin will even become a scarce asset someday. But that doesn't mean they don't sell it, as they get older, the problem a person experiences is that no one knows that they will definitely sell it someday.

Bitcoin is a long-term investment, holding is one way to achieve success and can create financial freedom in the future. Of course it doesn't end there, because even if you sell bitcoin, you will definitely buy it again when the price goes down. Actually, this depends on each individual's goals in investing in Bitcoin. However, what is clear is that Bitcoin investment is about seeking profits, not holding and never selling.