Holding on to?

[qurbanshah02]

What do people mean when they say to hold on to bitcoin? If someone wanted to spend 300k usd of bitcoin should they spend this amount as soon as they have it or wait longer until its worth a lot more than just 300k usd? How can this be determined?

Holding on to your Bitcoin assets is the process of keeping Bitcoin that you have invested for a significant period of time it allows you to wait for a while while your bitcoin investment appreciating over time, it's said that the key to Bitcoin investment is to hold as far as possible.


Holding on to your Bitcoin assets depends on the individual involved because different persons have different mind set there are people who only invest for a short period of time and there are also people with the mindset of investing for the long run

Anyone who is investing in Bitcoin is thinking about running it for a long time, which is why he does not give up Bitcoin in a hurry or worry about it. You are right that there is a little wait in Bitcoin, but after that it also gives a lot of success, which is more than we think. This is the biggest sacrifice to hold Bitcoin for a long time, but some people are not patient in this and ruin the price of Bitcoin and cry later.

This is the biggest thing because if everyone invests in Bitcoin, it will be easy for everyone, but there are some people who do not tolerate Bitcoin for long. Your thinking is similar to mine, which is why we will not have such a long discussion on Bitcoin and it is only beneficial to run Bitcoin for a long time.

[coolcoinz]

Why hold bitcoin and not spend it? That's easy.

Bitcoin is like digital gold, but better, because its supply is predetermined. With gold you don't know how much they'll be able to mine with new technology in the year 2030, but bitcoin was limited from the start. There will not be more bitcoin than 21m and realistically only about 17m will actually be usable because at least 4m is estimated to be lost forever. Some of it will probably be recovered while some new coins will be lost, but you can expect only 80% of the supply to be available and out of that at least another 50% will be out of circulation, used as collateral, the way Saylor uses his coins.

So, you have something scarce, with limited supply, that is well known end recognized around the world, that has an established brand, something that grows in value, is easy to hide and move around and can be accessed from almost any where. Just hold it and see how it goes.

[Mrbluntzy]

What do people mean when they say to hold on to bitcoin? If someone wanted to spend 300k usd of bitcoin should they spend this amount as soon as they have it or wait longer until its worth a lot more than just 300k usd? How can this be determined?

If you have such amount in Bitcoin, it's completely up to you on how you want to spend it. If you want to hold x number of years, it's your asset and you should make the decision on how long you want to hold. The reason why you are advised to hold is because you will get more profit if you continue to hold. For example, if you had bought 1 Bitcoin for $20k in the past four years and you hold till this year, you would have got $80k+ as profit. That's the advantage of holding.

[Zoomic]

What do people mean when they say to hold on to bitcoin? If someone wanted to spend 300k usd of bitcoin should they spend this amount as soon as they have it or wait longer until its worth a lot more than just 300k usd? How can this be determined?

Your question doesn't do justice to the subject of this thread. Holding onto Bitcoin literally tells us not to spend our Bitcoins no matter the level of volatility. Keep hodling until you get what you want. @GameKyuubi told us here in this forum about his personal experience and why he kept hodling even when others were selling, either out of panic or professionalism.
You can read further here: https://bitcointalk.org/index.php?topic=375643.msg4022997#msg4022997

If I am going to answer your question in this thread, I would say hodling onto Bitcoin can still apply in the case where you avoid spending your $300k worth of Bitcoin until it is worth more than that amount. You must also take note that when you keep hodling onto that amount, volatility doesn't bother you. You keep hodling until you arrive at your target or best price.

[robertcarlyle]

But if someone has like 1 million usd of bitcoin and spend 300k, will the remaining amount left grow or not if its left without touching anymore?

[Asiska02]

What do people mean when they say to hold on to bitcoin? If someone wanted to spend 300k usd of bitcoin should they spend this amount as soon as they have it or wait longer until its worth a lot more than just 300k usd? How can this be determined?

Hold is a term used by the forum members here to hold on to Bitcoin for a long time without selling them. This use to vary from 4 years and above until your profits target is reached. The four years minimum is the time it takes for a Bitcoin cycle to complete where we happen to see a bull run happening and we see Bitcoin making new all time highs, this period gives a good return to those that have invested earlier in Bitcoin and hold for a long time till this bull cycle period. About your second question, it is unclear what you are asking, 300K USD to invest in bitcoin as a start, or waiting till the price gets bigger before buying? I can’t still assimilate the question well OP.

[philipma1957]

But if someone has like 1 million usd of bitcoin and spend 300k, will the remaining amount left grow or not if its left without touching anymore?

So btc is 94k at the moment.

If I have 11 coins and sell 3.1

I have 7.9 coins close to 7.9x94000= 710,000

And the 3.1 is close to 300k

I would likely do exactly that maybe sell 5.5 coins.

But I am 68 and want to have some fun now.

If I had 11 coins and was 34 unmarried and working a decent job.

I would sell maybe a coin. As I have a good chance of seeing it grow from 94k to 300k in say 15 years.

And I  would have around 300,000x 10 =3,000,000


At 68 waiting

15 years is not appealing to me.

[bubilas]

But if someone has like 1 million usd of bitcoin and spend 300k, will the remaining amount left grow or not if its left without touching anymore?

All this depends on the trading strategy of this person, if in his understanding Bitcoin has reached the price target that he set, then this person can then not wait for the growth of the remaining funds, but transfer them to Fiat or stables to wait for a greater fall. And this will be a reasonable step, because you need to sell the crypto if it has grown in price a lot and buy if it has fallen in price a lot. And holding Bitcoin without trading manipulations is pointless, since this is a theater where the investor watches the price jump up and down and at the same time he does not earn any money, but only feels FOMO with each new fall.

[fikrett]

But if someone has like 1 million usd of bitcoin and spend 300k, will the remaining amount left grow or not if its left without touching anymore?

All this depends on the trading strategy of this person, if in his understanding Bitcoin has reached the price target that he set, then this person can then not wait for the growth of the remaining funds, but transfer them to Fiat or stables to wait for a greater fall. And this will be a reasonable step, because you need to sell the crypto if it has grown in price a lot and buy if it has fallen in price a lot. And holding Bitcoin without trading manipulations is pointless, since this is a theater where the investor watches the price jump up and down and at the same time he does not earn any money, but only feels FOMO with each new fall.

There is no incentive to hodl everything you invested in once the target is reached - a person should cash out little by little once he sees that the results are there.

And these results can be used to be invested too

[jcojci]

Holding on to Bitcoin means you keep your Bitcoin in a private wallet and just accumulate it by buying. If someone wants to spend $300k, they don't have to spend as soon as possible but they can split that amount into many parts.

They can manage how much money for one part and that will be good if they use DCA method to buy Bitcoin. $300k means you can buy many Bitcoin in any price so you don't need to buy at once. We determine how we will buy Bitcoin, whether that is about buying Bitcoin at once or buying Bitcoin constantly using DCA method.

[fikrett]

Holding on to Bitcoin means you keep your Bitcoin in a private wallet and just accumulate it by buying. If someone wants to spend $300k, they don't have to spend as soon as possible but they can split that amount into many parts.

They can manage how much money for one part and that will be good if they use DCA method to buy Bitcoin. $300k means you can buy many Bitcoin in any price so you don't need to buy at once. We determine how we will buy Bitcoin, whether that is about buying Bitcoin at once or buying Bitcoin constantly using DCA method.

Such an amount is big enough to buy a lot, so it's better to wait for the dips to take place in order to have better results in the future.

Still, no matter what, if hodled right - any price entry would a good one, but not the best one either (that is nearly impossible to achieve anyways).

[Yoona_As]

It is very important to take the right steps in Bitcoin investment otherwise you may face financial crisis. However, if you want to invest in Bitcoin for the long term, then when Bitcoin faces a big dumping, you can invest in Bitcoin thinking it is at a discount and you can live with high profits.

[robertcarlyle]

But if someone has 1 million usd worth of bitcoin and deduct 300k from that amount and dont touch the remaining amount will the remaining 700k usd keep growing or not?

[Smartvirus]

What do people mean when they say to hold on to bitcoin? If someone wanted to spend 300k usd of bitcoin should they spend this amount as soon as they have it or wait longer until its worth a lot more than just 300k usd? How can this be determined?

Hodling doesn’t necessarily mean you get to spend it. It makes you see Bitcoin for an asset of true value and treat it in the same way you would have treated just any other asset of value out there.
Assets are not properties or investments you sell at the closest need for funds. It’s something you expect to be worth even more in the future and that’s the concept that hodling is banked on. You hodl for your Bitcoin to have even more value, only spending a portion of it when it’s unavoidable.

[Samlucky O]

What do people mean when they say to hold on to bitcoin? If someone wanted to spend 300k usd of bitcoin should they spend this amount as soon as they have it or wait longer until its worth a lot more than just 300k usd? How can this be determined?

HODL simple means buying Bitcoin and stacking It in Your wallet either weekly or monthly till you achieve a reasonable or sizable amount of Bitcoin in your portfolio and HODL for a very long period of time. Maybe each time you receive money from any source of income, you invest a little portion of it into Bitcoin steady until you have achieved the amount of Bitcoin you want in a specific period of time. It could be 10 or 20years. The ability of buying and stacking without selling for that long duration is what they mean by HODL.

[2Pizza410000BTC]

What do people mean when they say to hold on to bitcoin? If someone wanted to spend 300k usd of bitcoin should they spend this amount as soon as they have it or wait longer until its worth a lot more than just 300k usd? How can this be determined?

When someone wants to spend $300k worth of Bitcoin, they should not spend it after receiving $300k worth of Bitcoin. They should definitely hold onto that Bitcoin until it reaches a value of more than $300k. For example, if invest $300k, you should definitely hold onto it and sell it when it reaches $700k to $900k. This is what I would do. You should definitely hold onto Bitcoin after buying it. You should not sell it immediately after buying it. But if you sell it immediately, it is better not to buy it than to buy it.

[tottong]

What do people mean when they say to hold on to bitcoin? If someone wanted to spend 300k usd of bitcoin should they spend this amount as soon as they have it or wait longer until its worth a lot more than just 300k usd? How can this be determined?

Every holding has a target for the achievement they want and they will try to sell the asset when the price has reached that target.
Holding is just about holding and how they can take advantage of opportunities to make maximum profit from the process they are going through.
Regarding the exact number, it is up to each person who holds it because sometimes the placement of the selling price is based on the strategy they make.

Like waiting for ATH and selling the bitcoin they have or even selling half of the bitcoin holdings they hold to make another accumulation from the previous profit.

[Adams0001]

What do people mean when they say to hold on to bitcoin? If someone wanted to spend 300k usd of bitcoin should they spend this amount as soon as they have it or wait longer until its worth a lot more than just 300k usd? How can this be determined?

If you have such amount in Bitcoin, it's completely up to you on how you want to spend it. If you want to hold x number of years, it's your asset and you should make the decision on how long you want to hold. The reason why you are advised to hold is because you will get more profit if you continue to hold. For example, if you had bought 1 Bitcoin for $20k in the past four years and you hold till this year, you would have got $80k+ as profit. That's the advantage of holding.

Surely, by Holding bitcoin you will get high profit when the market is in good mood, you can spend on bitcoin but you just need to get profit first before you will spend alot, because everyone is investing in bitcoin to achieve profit and you need to leave it for long term before you can achieve that goals in bitcoin. Op everyone as is on choice if you like spend all the funds is for your on good, but if someone's knows what is doing, when he got that funds he will invest it and get X of that money and he will definitely leave it for long term, if he needs huge profit back.

Nothing come easily you need to be patient and invest for long term, and get better advantage on your investment journey. Holding as make many investors have achieve there dreams and they are rich already. is just for the them to be topping there investment and be getting double profit. Plan is the key of achievement because if you can't plan well you won't achieve your goals he will be difficult to succeed and predict. Bitcoin investment is naturally long term process is not like other coins that you can get profit in short term, coins that make you get profit  in short term are mostly shicoin and they don't used to last. But long term process usually make you achieve your target, Hold and see the beauty of Bitcoin.

[MithiRM]

When people say "hold bitcoin," they mean that you should not sell or spend it quickly because they believe that the value of bitcoin will increase significantly in the future. If you look at the history of bitcoin, you can see that it has increased significantly over time, although its price can be very volatile (it can go up or down a lot at once).

If someone owns $300,000 worth of bitcoin, whether they should spend it now or wait depends on their risk appetite, their belief in the future value of bitcoin, and their financial needs.
If they believe that the price will increase further in the future and they do not need the money urgently now, then holding on for a while may be a good idea.

But if someone feels that they do not want to take the risk or need the money now, it may be reasonable to spend it.

[bitzizzix]

What do people mean when they say to hold on to bitcoin? If someone wanted to spend 300k usd of bitcoin should they spend this amount as soon as they have it or wait longer until its worth a lot more than just 300k usd? How can this be determined?

If $300K is the money you can afford to lose and you are ready to invest in Bitcoin, you can do it anytime you want and keep it for the long term. Bitcoin is a very promising long-term investment to get double or even more profit and you can make it happen, but it all depends on how strong you are able to hold it because patience will always be tested when you have made enough profit which actually you can get much bigger profit if strong patience is always in you until the target you want is achieved. And nothing determines the price of Bitcoin other than demand, so the more people buy Bitcoin, the higher the price of Bitcoin will be and vice versa. But all of that is not a benchmark because in the end the price will be good again, the benchmark is your strength in holding Bitcoin with whatever happens until you are really satisfied with the price that occurs.