Holding on to?

[michellee]

Hold on to Bitcoin mean they keep their Bitcoin for some time. They will not sell Bitcoin especially when the price is not increase high or not reach their target price.

If someone want to spend $300k of Bitcoin, that will depend on what they want. Some people will only sell some amount of Bitcoin and keep the rest. People will determine how many Bitcoin they want to sell and not because someone suggest them so that will be personal decision.

But they can wait longer until its worth more than $300k especially if they have many Bitcoins. Having Bitcoin mean you are responsible using it including how many Bitcoins you want to sell.

[lizarder]

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 and trading are not the same because maybe the way to handle it is different and from what we often discuss, people always say both in the process of involvement in investment. This term is known as the method of buying and holding it and not engaging in trading even though under certain conditions bitcoin experiences a significant increase. Holding usually applies a long-term strategy while trading can take place faster depending on each person's ability.

When you buy and hold bitcoin for the long term, it is said to get a much higher value than the basic capital you use and it is influenced by the price of bitcoin which gradually increases significantly so that you get maximum profit.

[Onyeeze]

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?

whenever you come across of holding your bitcoin, it means that you have to hold until the price increases, the scenario is like, when you buy 300k worth of bitcoin in usd and the price of Bitcoin is at 20k and you are expected to hold until the price of Bitcoin increases more than what you purchased it, so that is the essence of holding, in another way round holding of Bitcoin is determined on when you feel to hold Bitcoin, so I believe that every one who hold Bitcoin have a target, so you need to have your own target why holding bitcoin, so that when holding you make a profit during holding of Bitcoin,  but some persons who is new in bitcoins investment doesn't like to exercise such patients of holding bitcoin for long time, some people even get panic when the price of Bitcoin drops more than what they bought bitcoin, I know quite well that bitcoin price when it falls some people regret of why they holding bitcoin that long, that's why I said it's a personal decision of when to sell your bitcoin you're holding or not.

[Cpt_reader]

In other words, hold is gold. Although I trade myself, I support hold more. I always think that if I had become a holder instead of a trader, I would not have lost so much and would have made a profit. However, Bitcoin is reliable to hold, altcoins are very risky. If you hold, you should hold Bitcoin. However, there are some reliable altcoins that can be held. Hold is a long-term plan. You have to wait a long time for proper profit, only then will you get significant profit.

[Redley555]

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?

Bitcoin has no stationary value it fluctuates, holding is also a risk one should be careful about because you believe it will rise someday not bad but one needs to study the market very well before making such decision

[Becassine]

Bitcoin has no stationary value it fluctuates, holding is also a risk one should be careful about because you believe it will rise someday not bad but one needs to study the market very well before making such decision

Market research? What for? How do you go about it? Hodl's point is to just save and that's it. Never look at a chart again. Hodl and that's it.

It reminds me of when I bought antshares and forgot about them. When I looked again, the antshares had disappeared from the charts, I thought they were lost. That's the game, I thought. Finally, they had become NEOs at $4 a token. It was pretty cool, I was lucky this time. It was not always the case with several shitcoins.

When you hodl bitcoin, there's no more fear or unpleasant surprises: when you have a dip, you can buy more. If it goes up, you're happy too.

[tread93]

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?

The world hodli to your bitcoin means buy yiur bitcoin and don't sell until a long period of time for like 4-10 and above. Having $300 to invest in bitcoin is good and if you can continue buying more bitcoin overtime using DCA strategy will be better. Maybe, you shouldn't lump sum all yiur $300 once into bitcoin.

It might be wise, if you scatter your $300 into various weeks using the DCA accumulation strategy so that you can buy at various price intervals since we don't know how the market will be in few months. Just my own suggestion and I am not an expert.

Yes the DCA method is great, and also what I always say when you think you don't have enough bitcoin and want to buy more but you don't have the funds, get creative! Find new ways to earn bitcoin, sell things for bitcoin, create an ad revenue bitcoin machine on YouTube by making money with the ads, mine it! There are so many ways to accumulate bitcoin

[Theupdude]

Usually, holding Bitcoin means storing it for a long period rather than using it immediately.  People want to wait since they think its worth will increase with time.  Spending is okay if you need the money right now.but if you can wait, you may gain greater value later on. It is difficult to say the ideal time as the market is erratic

[Churchillvv]

But wouldnt it simply make more sense to have like maybe at least 15 million usd worth of bitcoin than just barely 300k usd to spend 300k usd worth of bitcoin because more money has accumulated just to kind of be on the safe side?

You sound so vague!

Do you have the 15 million ? of course it's better to buy a large about of bitcoin and sell little portions of it as long as the majority of a bigger percentage of the funds is till in bitcoin as bitcoin potential is very high to yield more profits if calculated by the entry price and the expected price within this year one is likely going to hold much or than 6x of its current amount however if you sell a part of your bitcoin then it creates a lower chance of a higher profit the higher you hold and longer the more profit one is likely to achieve from bitcoin.

But then is bitcoin only for investment? no bitcoin has other capabilities which are underrated.

[BABY SHOES]

The meaning of the word Hold means continuing to store bitcoin for a certain time, each investor has their own target so they cannot determine but more generally they want to make a bigger profit so they hold longer.

Like you keep buying... and keep holding.
Until the time comes they will definitely sell according to their target, but the term HODL that I understand they continue to maintain bitcoin for a long time.

[robertcarlyle]

What im saying is this.  If an initial 1k usd investment was made in june of 2011 or january 20, 2012, wouldnt it kind of make more sense if someone chose to wait until they had at least 5 million usd of bitcoin from that initial investment to deduct 300k usd from the 5 million usd rather than just spend it all at once as soon as they reached 300k usd?  Does this make sense?

[bubilas]

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?

I have met different types of people with the concept of HODL. And those who are engaged in long-term investing, they hold bitcoin until the price becomes a certain value that they expect, for example 150.000-200.000$.
At the same time, such people, if they urgently need money for some expensive purchase or for health, will transfer their bitcoins to Fiat, no matter what the price is at that moment.
Well, at the same time, I have also met people for whom HODL is the concept of holding bitcoin indefinitely. These people are the "backbone" of those who will not give up this coin and consider it a brilliant invention that must be had, and as much as possible.

[Hatchy]

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?

It means, continue to accumulate more BTC over time rather than selling the little stash you have. Every BTC investors dream is to be able to own enough bitcoins before the market gets to the bull season or to a specific price range. We saw how bitcoin rose from $30k last year and skyrocketed to it's new ath. With the idea of him holding, ot of investors surely made alot of profits from the bull season. Yes that's not the end of it, we are expecting more bulls to come in the nearest future, so the word Hodl remains, keep buying BTC so you don't get left behind.

[robertcarlyle]

Lets say a 1k usd investment was made january 20, 2012, how much would that investment be worth in january of 2020 if not 5 million usd?

[Hyphen(-)]

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?

What we mostly mean when we say you should hold on to Bitcoin is to hold Bitcoin for long period of term instead of selling when you have little profit.

Bitcoin is the most reliable cryptocurrency in the world, it is treated and trusted because it has been in existence for long and people that have their trust in Bitcoin are always winning.

It is a weapon against inflation because if it store of value, it is decentralized cryptocurrency that has given us financial freedom that is why it is always advisable to use Bitcoin as your future savings because you will profit from it and the value will remain the same.

[henry_of_skalitz]

Lets say a 1k usd investment was made january 20, 2012, how much would that investment be worth in january of 2020 if not 5 million usd?

So many questions in the same category.. What would the knowledge of it give you in the end?

[Rockstarguy]

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 can invest it in bitcoin it is fine , but no one can decide for you on how to spend your money. When it comes to investment it is personal and you have to make decision to invest and to spend your money. I will advice you not to invest your money into what you don't understand. If you are planning to invest in bitcoin,  it is best if you first understand what bitcoin is all about . You need to understand bitcoin market us volatile and it is not an investment to get rich quick but a longterm investment.  If you understand bitcoin very well, you will know how to invest your money and you don't need to seek the opinion of others how you can spend your money.

[AprilioMP]

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?

Because the price of Bitcoin that continues to increase in its history, then save Bitcoin in the long run can be a solution and this is not only about the price but more than that.

You don't have to spend it immediately. But we also return it to them too. If I may suggest, the long -term Bitcoin Hold with the targeted time is something good.
In my opinion, this can be a savior if the world of debating experiences destruction.
The current economic war can be an example that the effect on Bitcoin is not very influential.

[philipma1957]

Lets say a 1k usd investment was made january 20, 2012, how much would that investment be worth in january of 2020 if not 5 million usd?

Well it is pretty easy to find price in Jan 20 2012

6.36 a coin so around 160 coins for 1000 bucks.

And Jan  2020 prices ranged from: 7700 to 9500

Thus 160x7700=1,232,000

And 160x9500=1,520,000

Far far far less than your guess of 5 million

Even if you were hold til Jan 20 2025 you are at

160x109200=17,472,000

Which is pretty good.

[Mate2237]

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