End Goal or Keep HODLing?

[Inwestour]

Hmm that's true mate You describe it with the right meaning of HODL.
 
Indeed Bitcoin is a long-term investment through which you can make a profit. I mean holding up for a long time is only the best modification for organizing the profit at a high margin. Like the previous bear market means those who have bought Bitcoin at 15k and held it, then definetly those people will be in profit, i.e recently Bitcoin made its new all time high at 73k. It means to say that he is definitely in profit. So you are right that HODL is a best optioned strategy under which we can surge profit margins and it is the beauty of Bitcoin that it follows a bullish pattern in the long term.

You described an ideal example of a transaction when a holder can buy Bitcoin at the lowest price in a bear market, but we know well that this happens extremely rarely, firstly because the price remains at the bottom for a relatively short time, and secondly, few people enter into a position alone deal, they are often bought in parts, so the final price will be higher than the bottom value. But you are right that you need to buy in a bear market and sell in a bull market, those who buy now will become forced holders for many years.

[leonair]

Hmm that's true mate You describe it with the right meaning of HODL.
 
Indeed Bitcoin is a long-term investment through which you can make a profit. I mean holding up for a long time is only the best modification for organizing the profit at a high margin. Like the previous bear market means those who have bought Bitcoin at 15k and held it, then definetly those people will be in profit, i.e recently Bitcoin made its new all time high at 73k. It means to say that he is definitely in profit. So you are right that HODL is a best optioned strategy under which we can surge profit margins and it is the beauty of Bitcoin that it follows a bullish pattern in the long term.

You described an ideal example of a transaction when a holder can buy Bitcoin at the lowest price in a bear market, but we know well that this happens extremely rarely, firstly because the price remains at the bottom for a relatively short time, and secondly, few people enter into a position alone deal, they are often bought in parts, so the final price will be higher than the bottom value. But you are right that you need to buy in a bear market and sell in a bull market, those who buy now will become forced holders for many years.

Anyone who can invest in bear market can earn huge income. It is possible to profit by holding Bitcoin. many of us don't sell Bitcoin no matter how low its price is, many of us keep a price target and sell when it rises, and many of us don't have an immediate decision. All strategies are potentially comfortable with each individual. so it doesn't matter who used which strategy. Being able to make a profit is the big thing. And no matter the amount of profit, if we are satisfied with it, then we are successful.

[summonerrk]

I think that each of us should know his goal, after which he will withdraw all the money earned, or at least not a small part of it.
After all, all our work in the crypto industry must have physical results. Yes, we all fall for getting more bitcoin or other cryptocurrencies, but does anything change in our lives from the increasing numbers on the screen? No.
Therefore, everyone should think about what they want to buy, how they save up cryptocurrency. It could be a car or an apartment.
But it is definitely impossible to invest and trade in foreign currency aimlessly.

[amihada]

the purpose of holding is to wait for the price to rise when the price has gone up and by releasing it you will make a profit then the coin you are holding will be released and when the coin price goes down then buy the coin and keep it again like that I hold the coin I have a target.

[AnonBitCoiner]

The only reason why a Bitcoin investor would not want to take profit is when they are not interested to sell their asset in a short period of their investment, they may want to hold for a very long time because the still have other sources of income to sustain them until their Bitcoin is ready.

Everyone desires to have more profit and Bitcoin cannot give us quick profit in a short time therefore everyone wants to hold their Bitcoin for a longer time but it is easy only for those who have some other source of income and they are not dependent on Bitcoin for money.

They can continue to hold Bitcoin if they are already earning a good sum from another job so they will not think too much about their Bitcoin investment and their patience to hold Bitcoin longer will make them able to take out their profit when Bitcoin shows a surge.

[nullama]

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)?

I think that this is a personal choice.

Some people want to pass their wealth to the next generation.

Others want to save with a good financial instrument such as Bitcoin and then sell it whenever they need money for something, like buying a house, etc.

There is no general answer to this I think.

[Iranus]

I think that each of us should know his goal, after which he will withdraw all the money earned, or at least not a small part of it.
After all, all our work in the crypto industry must have physical results. Yes, we all fall for getting more bitcoin or other cryptocurrencies, but does anything change in our lives from the increasing numbers on the screen? No.
Therefore, everyone should think about what they want to buy, how they save up cryptocurrency. It could be a car or an apartment.
But it is definitely impossible to invest and trade in foreign currency aimlessly.

Taking profits is never wrong and I like to live realistically like you. Don't forget that the goal when investing in bitcoin is that we want to be rich, we want to have a better life, and for that to become true, we should take profits every time bitcoin reaches the goal we have set. Keeping all our assets in bitcoin or cryptocurrency but our lives are not getting better, we still live in poverty, what is the use of owning a lot of bitcoins?
That's why I'm always against people who intend to hold bitcoin forever and never sell it, I find it funny and really don't understand what those people were thinking when they made that decision.

After all, bitcoin is just a tool for us to use to create money, it is not our god or parent, so we do not need to worship it and never use it.

[JollyGood]

Well, here we are again 10 days after this post below but nothing much has changed as far as the OP is concerned. Including this post there are now 188 posts yet the OP had managed to make just two posts here. It is not a surprise the OP does not want to waste his time here because the lack of merits dictated that move.

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.

[GbitG]

Of course, long-term investments in Bitcoins can yield good returns, but Bitcoins are not meant to be held for life. If we always invest in Bitcoin investment with a long-term plan, we will definitely get a substantial profit from that investment. Many times it is seen that many investors are very hasty and rush to invest thinking that Bitcoin investment will make them a millionaire overnight but it is not like that. Bitcoin investment and always we have to invest patiently if we can invest patiently we can definitely get a lot of success from this investment.

Hmm I agree with you that Bitcoin is a good yield returner, but it doesn't make sense to keep it for life time. First of all, let's give a little inspiration on what a long-term investment is. That means HODL. It is a strategy that starts with an investment and ends with a success goal. That is, if a person takes Bitcoin for long-term investment, first of all he has to set a goal, that is, when and how to buy or sell Bitcoin, in which the strategy should also be given, be it Lamp Sam or DCA. 
 
Or in other words, hold on for dear life, that is, hold Bitcoin until your aim goal is achieved. Like If Bitcoin price surges in 4 to 6 years, then I will sell my Bitcoin for profit. Despite this, this is the real investment in which you have a proper plan, i.e., aim under strategy to make an exit or entry.