Is the recommendation to HODL Bitcoin, to hodl it forever, or...

[batang_bitcoin]

But ideally, I am saving whenever I can, and if I could do that, I will do until I retire. When I have enough to retire or old enough to retire, rest is unknown because it depends on that period. If I want to, I can sell it all if I have any, and then just live great retirement life, or maybe just keep, and sell chunks each month.

This is a good plan. For as long as you're able to save, you can save and hold as long as you can. And there is no pressure in selling and you'll only do that whenever you want to or whenever you need some cash and all you have to do is to sell some of it. While it's tempting to sell all when the price seems to be good. But I guess the other part of ourselves is going to tell us that we should keep at least some even few mBTCs for the sake of holding.

[noormcs5]

But ideally, I am saving whenever I can, and if I could do that, I will do until I retire. When I have enough to retire or old enough to retire, rest is unknown because it depends on that period. If I want to, I can sell it all if I have any, and then just live great retirement life, or maybe just keep, and sell chunks each month.

This is a good plan. For as long as you're able to save, you can save and hold as long as you can. And there is no pressure in selling and you'll only do that whenever you want to or whenever you need some cash and all you have to do is to sell some of it. While it's tempting to sell all when the price seems to be good. But I guess the other part of ourselves is going to tell us that we should keep at least some even few mBTCs for the sake of holding.

Yup, there is no other investment better than Bitcoin for retirement purposes. People who save fiat money for their retirement have to face inflation, where their saved amount is always decreasing, but with bitcoin, their wealth will constantly be increasing, and after 10 or 20 years, they will be one among the wealthiest people, depending on how much bitcoin they have accumulated over the time.

[Issa56]

So, my question is pretty simple. Is the recommendation to HODL Bitcoin, to hodl forever, or until the owner really, really needs (or really wants) currency for something important - with the intent to only sell a fraction of the BTC he has and continue hodling the remaining?  

Why will you hold forever? Why will you be in need of money, and you will decide to keep on holding your bitcoin? Does that even make any sense. If you are in need of money, then you should just sell maybe some part of the bitcoin that you are holding to take care of anything which you planning to take care at that particular time, but why will you have bitcoin, and you going to be suffering, it’s not really right.

People are holding bitcoin to make profits, but you should know that that’s not the primary aim of bitcoin, bitcoin was created to serve as alternative currency, so we are even suppose to be making transactions with bitcoin, and not just holding bitcoin alone, so if anyone is holding for life it doesn’t make sense. So you just going to be holding bitcoin till you die, you won’t really be making use of it, maybe you will be using the profit which you made from bitcoin.

[batang_bitcoin]

This is a good plan. For as long as you're able to save, you can save and hold as long as you can. And there is no pressure in selling and you'll only do that whenever you want to or whenever you need some cash and all you have to do is to sell some of it. While it's tempting to sell all when the price seems to be good. But I guess the other part of ourselves is going to tell us that we should keep at least some even few mBTCs for the sake of holding.

Yup, there is no other investment better than Bitcoin for retirement purposes. People who save fiat money for their retirement have to face inflation, where their saved amount is always decreasing, but with bitcoin, their wealth will constantly be increasing, and after 10 or 20 years, they will be one among the wealthiest people, depending on how much bitcoin they have accumulated over the time.

I have realized that after reading discussions like this, articles about finances and even YouTube videos that discusses about wealth. Saving in fiat isn't wise because it will just take away most of its value every month and every year. It might look powerful if you have money that you can see in your bank account for your retirement. But it is the bank that takes advantage of that and earns interest from it through loaning other customers. While your money earns as well but with a very tiny interest that they'll distribute to you and it's not even enough to fight inflation rate.

[Finestream]

Do you think it’s possible to hodl bitcoin forever? Bitcoin is a profitable asset, but it’s also unpredictable, and that any moment, bitcoin will suddenly lose its value and won’t recover anymore. That will surely happen when there is no longer high demand for bitcoin, or when everyone keeps selling and no plans of buying back.

While hodling is good, but I don’t see it being practical. I hodl because I have my valid reasons and goals, and not just I’m hodling simply because I want to.

[red4slash]

Do you think it’s possible to hodl bitcoin forever? Bitcoin is a profitable asset, but it’s also unpredictable, and that any moment, bitcoin will suddenly lose its value and won’t recover anymore. That will surely happen when there is no longer high demand for bitcoin, or when everyone keeps selling and no plans of buying back.

While hodling is good, but I don’t see it being practical. I hodl because I have my valid reasons and goals, and not just I’m hodling simply because I want to.

The point here is that it depends on our ultimate goal. For those of us who use bitcoin as a long-term investment tool, we would say that we will not stay in bitcoin forever because, after all, our goal is to create our own version of financial freedom or, at the very least, to protect our economy so that we can save for our old age when we are no longer able to work.

Of course, with this in mind, there is a goal we want to achieve, where profit is what we seek as the outcome we feel after a long process in Bitcoin, which indirectly contradicts the assumption that holding Bitcoin forever is the solution.
Indeed, everyone has their own timeframe, but the goal is clear: long-term profits that allow them to achieve gains with minimal risk compared to short-term investments or trading.

[Asiska02]

So, my question is pretty simple. Is the recommendation to HODL Bitcoin, to hodl forever, or until the owner really, really needs (or really wants) currency for something important - with the intent to only sell a fraction of the BTC he has and continue hodling the remaining?  

The recommendation for hodl might just be to hold on to bitcoin, but there was no specific time period slated to hold onto your bitcoin when you’re trying visualiise the term HODL into bitcoin investment. Anyone can wish to interpret it the best way possible and what they’re okay with. It could just be hodling for a four year period and sell at every bull cycle when the market is at ATH. It could be to HODL for a longer time, probably a decade plus and take profits partially at every bull cycle. It just has to be what works for you best and your own understanding of HODLing. But a four years HODLing period should be the minimum when trying to employ this popular method of HODLing.

Just how do you define your hodling recommendation? Is it really forever or does it have any exceptions?  

Forever may not really be what I envision of a bitcoin holder because what is the essence of holding forever without getting the chance to enjoy the benefit of holding through those times. So take some of them and spend when your profit target is reached while also preparing to accumulate more when another opportunity to do that comes by again.

[SquirrelJulietGarden]

The recommendation for hodl might just be to hold on to bitcoin, but there was no specific time period slated to hold onto your bitcoin when you’re trying visualiise the term HODL into bitcoin investment. Anyone can wish to interpret it the best way possible and what they’re okay with. It could just be hodling for a four year period and sell at every bull cycle when the market is at ATH. It could be to HODL for a longer time, probably a decade plus and take profits partially at every bull cycle. It just has to be what works for you best and your own understanding of HODLing. But a four years HODLing period should be the minimum when trying to employ this popular method of HODLing.

People have different life and statuses in social and economic conditions so they have different options to do with their life including investment. A younger investor can have a longer plan while with the middle aged or the elderly, they will have kind of shorter investment plan.

The HODLing time of different investors surely is not the same and it is different by many reasons like age, social economic status, and their plans for the future from individual, family life to finance.

Basically investors must learn about Bitcoin market cycle, its history, and know of what is possible longest holding time to get profit. Base on the past data, it is about 5 years (a little bit longer than 5 years) to get profit.
https://hodl.camp/
https://www.bitcoinmagazinepro.com/charts/bitcoin-profitable-days/

[Samlucky O]

Being new to Bitcoin I learned how a misspelling of the word 'hold' turned into HODL -  a backronym or phrase standing for 'hold on for dear life' - - and this backronym is used often by a number of people.

So, my question is pretty simple. Is the recommendation to HODL Bitcoin, to hodl forever, or until the owner really, really needs (or really wants) currency for something important - with the intent to only sell a fraction of the BTC he has and continue hodling the remaining?  

Just how do you define your hodling recommendation? Is it really forever or does it have any exceptions?  

Although the real concept of HODL was not initially hodling for dear life, but speculation made it look thus it was HODLing for dear life. but i will tell you that buying bitcoin and holding is just a way of securing asset for future usage. maybe it could be for retirement purpose or for transferring wealth to your younger generation. when the time is right to withdraw or sell your bitcoin,  you dont need permission from anyone on how to sell it, after all you are the one that invested it and have the total control and decision making and not for others to detect for you. so each of us have our goal to achieve and not public goal, just invest and withdraw at your own comfortable time.

[knowngunman]

Just how do you define your hodling recommendation? Is it really forever or does it have any exceptions?  

The simple and short answer to your questions is NO.

There's no recommendations on how long to hold your coins. Hodling is based on choice and satisfaction. It has no specific or definite duration per se. You can hold for a week, months or years. What matters is how satisfied you are at the time of selling and that's when you realise you accomplished your mission.

You can as well hold forever if you're not satisfied with the current price until death separate you and your holding. Your next of kin will decide the rest if they have access to it. The decision as to how long to hold absolutely depends on you to make.

[DubemIfedigbo001]

So, Bitcoin is good for saving because it is a hard form of money compared to fiat currencies[, which are inflationary and lose value over time. You should save in Bitcoin, and when you want to buy something, you can spend your Bitcoin.

Bitcoin doesn't fit into this description, hard money is linked to currency that have backing in physical goods and services and can be dated historically to currencies tied to the value of precious metals like gold and silver and of which it's clear Bitcoin value isn't tied to physical asset.

It's value is however tied to it's decentralization and community driven activities like adoption, it's scarcity caused by limited supply, Blockchain security by action of miners among others.

[examplens]

If I remember correctly, "hodl" was created as part of the euphoria of an altseason. For most altcoins, it was very important that users hold the coins as long as possible, in order not to cause a price dump. Later, it spread to the entire crypto ecosystem.
Keeping Bitcoin indefinitely is inexplicable to me, unless you are a collector. What is the purpose of having some kind of value in a drawer for your whole life, which someone might spend on the same day they receive their inheritance.

[GigaBit]

Just how do you define your hodling recommendation? Is it really forever or does it have any exceptions?  

My hold is not forever it cannot be. There is no use of holding bitcoin if I do not make use of it. In as much as it is planned for generational wealth, still doesn't mean that I shouldn't enjoy some part of it to have a good life.

The purpose of investing in Bitcoin is to make profit and if an investor does not withdraw after making that profit, then it seems to me to be ignorance. Of course, you should take profit at some stage of the investment. Holding Bitcoin for a long time will increase the demand for it, so the possibility of profit is high, but there is no advantages in just holding it for your entire life. The long-term investment period should be determined in such a way that the investor can enjoy that profit. The case is different for those who want to leave it only for their heirs.

[Bd officer]

Just how do you define your hodling recommendation? Is it really forever or does it have any exceptions?  

OP it is a personal matter, everyone has different plans. Some are looking for short term profits, some are planning to hold for long term. But no one will hold Bitcoin forever. And what is the benefit of holding forever? If you ask me about this, then I will not hold Bitcoin forever. Of course I will hold for long term, like 8-10 years plan, I invested hoping for good returns in future. Now if you are in profit you can try to sell and buy again but the best is to hold for long term.

[Tmoonz]

Just how do you define your hodling recommendation? Is it really forever or does it have any exceptions?  

OP it is a personal matter, everyone has different plans. Some are looking for short term profits, some are planning to hold for long term. But no one will hold Bitcoin forever. And what is the benefit of holding forever? If you ask me about this, then I will not hold Bitcoin forever. Of course I will hold for long term, like 8-10 years plan, I invested hoping for good returns in future. Now if you are in profit you can try to sell and buy again but the best is to hold for long term.

There should a good reason why anyone should sell their Bitcoin, for small profit no most people that has done that always regret doing it, holding for long of course is the best because that is the only way out asset can compound it value, I have my Bitcoin investment which am still buying to hold for as long as I can which could be more than 8 to 10 years and I know it must not be forever but I when I have gotten to a well deserved  target when the time comes selling will only be part of it strategically and not selling all at once but no doubt about the fact that anyone can do whatever they like with their Bitcoin holding.

[Wakate]

But ideally, I am saving whenever I can, and if I could do that, I will do until I retire. When I have enough to retire or old enough to retire, rest is unknown because it depends on that period. If I want to, I can sell it all if I have any, and then just live great retirement life, or maybe just keep, and sell chunks each month.

This is a good plan. For as long as you're able to save, you can save and hold as long as you can. And there is no pressure in selling and you'll only do that whenever you want to or whenever you need some cash and all you have to do is to sell some of it. While it's tempting to sell all when the price seems to be good. But I guess the other part of ourselves is going to tell us that we should keep at least some even few mBTCs for the sake of holding.

For you to hold your Bitcoin so not mean that you want to hold it forever. There should be a time frame for this but majority do not want to understand that, instead of holding for a particular season or period in time, some might should to keep holding as the price of Bitcoin keeps falling and rising.

We ought to be smart and don't have to hold blindly just like someone that is new to crypto market. Holding holding should have a timeframe although that does not mean we are going to be in severe loses if we continue to hold. Some people have been holding their Bitcoin for years and they have not sold their portfolio.

[batang_bitcoin]

This is a good plan. For as long as you're able to save, you can save and hold as long as you can. And there is no pressure in selling and you'll only do that whenever you want to or whenever you need some cash and all you have to do is to sell some of it. While it's tempting to sell all when the price seems to be good. But I guess the other part of ourselves is going to tell us that we should keep at least some even few mBTCs for the sake of holding.

For you to hold your Bitcoin so not mean that you want to hold it forever. There should be a time frame for this but majority do not want to understand that, instead of holding for a particular season or period in time, some might should to keep holding as the price of Bitcoin keeps falling and rising.

We ought to be smart and don't have to hold blindly just like someone that is new to crypto market. Holding holding should have a timeframe although that does not mean we are going to be in severe loses if we continue to hold. Some people have been holding their Bitcoin for years and they have not sold their portfolio.

While the others say that they have no timeline in holding and it will take them forever to sell. We'll never know if they're going to put money on their mouths and actually stand on it. And the rest, they're assured that they are going to hold forever. So, just as you want to have some money and you hold some Bitcoin, it's wise to just keep it and use your other source of income or holdings if you are tempted to sell. Because that's not how it works if you're planning to hold for the long term and we salute all of those folks that have been holding ever since and never taken a single profit on their all time profits, they've been in massive accumulated and unrealized gains.

[shield132]

Being new to Bitcoin I learned how a misspelling of the word 'hold' turned into HODL -  a backronym or phrase standing for 'hold on for dear life' - - and this backronym is used often by a number of people.

So, my question is pretty simple. Is the recommendation to HODL Bitcoin, to hodl forever, or until the owner really, really needs (or really wants) currency for something important - with the intent to only sell a fraction of the BTC he has and continue hodling the remaining?  

Just how do you define your hodling recommendation? Is it really forever or does it have any exceptions?  

It's not recommended to HODL Bitcoins forever because if we all hodl, then people won't be able to buy Bitcoin to actively use it for paying for different services. If we don't let people to buy Bitcoin and actively use it, then people will not become interested in Bitcoin and will use altcoins for making purchases and I believe that in order for Bitcoin to be popular and widespread, it has to be in circulation, HODLing will kill the coin.
Btw there is also another thing, governments and big corporations want to buy and HODL Bitcoins, we should keep our coins far from their hands. Btw I still think that you should hodl as long as it's better for you. If you hold Bitcoin for a few decades and die without using them, that's not a healthy habit to my mind.

[Smartvirus]

So, my question is pretty simple. Is the recommendation to HODL Bitcoin, to hodl forever, or until the owner really, really needs (or really wants) currency for something important - with the intent to only sell a fraction of the BTC he has and continue hodling the remaining? 

The cryptocurrency space has always translated hodl to imply or mean: Hold On for Dear Life. This stresses on the importance of the practice for Bitcoin hodlers by making it synonymous to life and how it’s treated. Obviously you do your best to hold on to living as much as you can even though it’s not entirely dependent on your efforts, that’s the same way you are expected to hodl on to Bitcoin as it in a way safeguards your future in the cryptocurrency industry. It certainly isn’t forever but, the longer the better and there wouldn’t be much need for regrets.

[Rustam Meraj]

The cryptocurrency space has always translated hodl to imply or mean: Hold On for Dear Life. This stresses on the importance of the practice for Bitcoin hodlers by making it synonymous to life and how it’s treated. Obviously you do your best to hold on to living as much as you can even though it’s not entirely dependent on your efforts, that’s the same way you are expected to hodl on to Bitcoin as it in a way safeguards your future in the cryptocurrency industry. It certainly isn’t forever but, the longer the better and there wouldn’t be much need for regrets.

Yes HODL meaning stick with Bitcoin investment for long haul. This idea means holding Bitcoin is not just buying digital coin but way to protect your money for future in changing world of crypto.
It is plan that needs patience and strong belief. It suggests that longer you hold your Bitcoin better your chances are and you will have fewer regrets later. Even though no investment lasts forever HODL encourages you to ignore sudden ups and downs and focus on how Bitcoin will likely grow over many years.