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

[348Judah]

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?  

Its just like doing a business, some will like to sell at $5 interest while some may prefer selling at $15 interest or even more depending on how long they may wish to hodl until they have a customer to buy at their selling rate, once you're able to hodl bitcoin and also make some profits on it, then you may decide on when to sell and at what rate you wanted to sell base on the current market value on bitcoin, if otherwise, you can continue to hodl and as the market keep increasing, then you keep earning as well, some may also choose to buy the dip and sell and continue in this circle.

[Muba20]

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?  

The word HODL, comes from misspelling, has taken root in Bitcoin. This HODL refers not only to holding Bitcoin for the long term but also to having confidence and faith in any adverse situation in the market. I think that in the case of Bitcoin, there is no chance of profiting by holding it for the short term. Those who can hold it for the long term will be ahead in implementing their goals. Those who invest in the short term get scared in any situation, and sometimes some even sell Bitcoin unfortunately. Those who can believe in holding Bitcoin do not have to be scared in such situations. Those who believe in holding it for the long term are the ones who succeed in holding Bitcoin.

[BTCETFInvestor]

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?  

Its just like doing a business, some will like to sell at $5 interest while some may prefer selling at $15 interest or even more depending on how long they may wish to hodl until they have a customer to buy at their selling rate, once you're able to hodl bitcoin and also make some profits on it, then you may decide on when to sell and at what rate you wanted to sell base on the current market value on bitcoin, if otherwise, you can continue to hodl and as the market keep increasing, then you keep earning as well, some may also choose to buy the dip and sell and continue in this circle.

I wonder what percentage of Bitcoin [anytime] owners have sold all or a significant portion of their holdings and regret selling it because they've missed out on the increases that have taken place after they sold?  

Clearly, early owners that bought pizzas with a handful of Bitcoins enormously regrets 'spending' them, but I strongly suspect there's a devastating number of owners that in the past few years have chosen to take profits and now beat themselves up with overwhelming regret. That common proverb - 'It's never wrong to take profit' is never always correct!     

[Rikafip]

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

For me, hodling means keeping your bitcoin until you really need and then selling, but only as little as possible.

Also, since I got into bitcoin, I always had some imaginary bitcoin pirce that I was sure will make me sell everything that I have, but every time we reach that level (10k, 50k, 100k etc), I sold only a fraction of it, and so far it proved to be a winning tactic.

Regarding hodling bitcoin forever, I see no point of it because bitcoin is money, and what's the point of money if you don't use it?

[EarnOnVictor]

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

HODL is just a term to keep for the longest time. This doesn't mean you should keep it forever.

If you keep your Bitcoin forever, what use is it for you in your lifetime? So HODL is just a word to portray a determination to keep the investment. If you had held your Bitcoin for 10 years or more, you have, of course, HODL the Bitcoin. It's just a word that denotes the longer-term keeping of the coin by buying and forgetting it in the wallet for the longest period possible.

[Mrbluntzy]

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?

  It's not to hold forever but to hold until you are satisfied with the reward you are getting at the end. You can also hold till your "forever" Which is till you die and you can pass it to your child or grandchildren. Bitcoin is an asset that increases in value regularly and the reason why the "HOLD" Word was established was because of an investor who was trying to encourage other investors to hold their Bitcoin so early because he believes that if they hold for a longer time, they will be more profit for them. The "Hodl' word didn't say investors should hold forever.

[Z-tight]

Your keys, your coins. I cannot tell you what to do with it, if someone decides to hold on forever, then that is on them, if you decide to sell at certain milestones and buy later, or only sell a fraction and hold on to the rest, it is still your decision. There are no rules to things like this. However, i don't think i can ever sell all of my BTC, it is an asset and a currency to me, just as i would always have real estate, i would always have BTC in my wallet.

[MusaPk]

For me, hodling means keeping your bitcoin until you really need and then selling, but only as little as possible.

Also, since I got into bitcoin, I always had some imaginary bitcoin pirce that I was sure will make me sell everything that I have, but every time we reach that level (10k, 50k, 100k etc), I sold only a fraction of it, and so far it proved to be a winning tactic.

Regarding hodling bitcoin forever, I see no point of it because bitcoin is money, and what's the point of money if you don't use it?

The primary purpose of every investment is to get profit that we can use to improve our living standard. Hodling Bitcoin is good for long term but not forever because the profit will be of no use if we are getting it in our 60s or 70s. I also see no harm in selling some of your Bitcoins when we need funds because that's what we are investing for. Sell some of your Bitcoins to generate necessary funds rather then going to Banks for loan. Moreover life is short and we don't know when we breath our last, so it's better to plan our hodling strategy accordingly.  

[Distinctin]

I don’t think any good investor will hodl bitcoin forever. Truth is, no one would want to hodl forever, but eventually sell bitcoin when an excellent price has been achieved. Most especially that we are born with greed, once we see bitcoin reaching another all time high, most of us would be very eager to sell a portion of bitcoin because let’s face the reality, we also want to enjoy the fruit of our labor, or we also want to diversify our investment and try other assets that would also bring impressive profits for us.

[kotajikikox]

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

Honestly, mate you shouldn’t be asking for one’s exceptions. We all say we should all keep hodling because we know the power or potential of bitcoin. But if there are any exceptions to be made, it should be decided by YOU because you are the only one who would know what’s the best for you and what your current situation is. If there are any special cases, that’s for you to find out and not for us to advise or recommend.

[Patikno]

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?  

What I often hear is that Bitcoin is held until its value really rises, so that when that happens, the hodler will have already made a significant profit. When that happens, they won't sell their entire Bitcoin, because they only need a portion of it to sell. So, from the explanation I've given, we can conclude that a Bitcoin hodler here keeps their funds safe, and perhaps could be called a Store of Value or even more.

You might be asking, how can someone hold their Bitcoin long-term? (That's what I often hear from newbies in crypto, or especially in Bitcoin), the answer is that we have to start from the bottom, namely saving Bitcoin from other sources of income, and try not to disturb the Bitcoin that has been held, making Bitcoin installments, so that it will accumulate, and then we can enjoy it someday.

[Rockstarguy]

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

You don't need to hodl your bitcoin forever. The goal is just to hodl and make a better profit from bitcoin.  If you need to hodl your bitcoin forever that means their is no need to hodl bitcoin. As you hodl bitcoin their is always time to take profit but the target is always to make good profit in hoding and this may take sometimes , but it is not as if one has to hodl their bitcoin forever.

It is a simple logic for me:

I will buy Bitcoin

I will Hold Bitcoin

I will sell Bitcoin

If i don't fulfil all three especially the last part, there is nothing there to celebrate.

There is no counsel for how long i choose to hold, once i hold quite the amount am capable, i won't hesitate to take profits.

Their is a reason for hoding bitcoin and this is just the essence of hodling , we don't hodl just for hoding sake but to make profit on a long run, the profit must be massive at the end of it.

[Josefjix]

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?  

Do you have so much money elsewhere for your daily usage that you can't touch your Bitcoin investment? I mean, you have bigger quantity of Bitcoin in your wallet that you don't need it for any yet? Also, do you have other source of income that can't let you withdraw your bigger Bitcoin for any reasons?

I'm asking all these because if your answer is YES, then it's better holding your Bitcoin for as long as you want, if your answer is NO, then you should be selling your Bitcoin whenever you get some few profits. Think about it.

[Bitcoin Smith]

Let's assume that the price of bitcoin will grow forever still it is not enough to keep holding it forever without selling it (fraction/portion). We may need money and if we have bitcoin then sell it, not to use the money that we have for our need is pointless in my opinion. So I will sell if I need and I am not holding a big pile to say that I only sell the portions but I will try to keep my spending as low as possible because I know the value will be higher over the time and also I will try to accumulate the sold coins when I have money.

[AmaGold70]

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?  

Hodling Bitcoin isn't a forever thing, and selling depends solely on you. Bitcoin's price changes over time and different ATHs has been recorded in the past and Bitcoin's hodlers sold during these ATHs, hodling Bitcoin on a long term goal is a good way to go and you could decide to sell at ATH but I suggest you sell a fraction of it and hodl on the rest of it. Hodl on to your Bitcoin and sell when you know it's time to make good profits from it and don't hodl forever because one of the reasons why investors invest in Bitcoin is for a better financial stability in future so it's a total waste of time, energy and effort to hodl on to it forever.

[famososMuertos]

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?  

Well... it's really a very personal question. There's no "recipe" that is faithfully followed, since everyone adds their own flavor (needs). Therefore, sometimes it's an introspective question. Anyway, what is clear to me is that forever only exists if you lose your seeds.  

[freedomgo]

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

People buy Bitcoin for several reasons. Some want to make a profit while others want to enjoy privacy. Is there any benefit of hodling Bitcoin forever? If you die without any succession plan, the coin will become a donation to the Bitcoin ecosystem. Many people who hodl Bitcoin have plan for the investment. Some people sell all or part of their hodling to satisfy some needs or for diversification of asset. Hodling forever could be seen as keeping Bitcoin all through your lifetime because you want to transfer it to your dependents before or when you die.

We all invest into bitcoin and hodl for several reasons. But it’s rare to hear that some would certainly hodl their coins forever since most persons I know, they already have set timeline when to reap their profits from bitcoin.

Although hodling forever will create huge returns once decide to sell, but know that even forever for bitcoin may not actually come. The market is unpredictable, that’s why we cannot tell if how long bitcoin will live on and stay profitable in the market.

[rodskee]

Simple answer is Take profit when you are happy, there is no such thing as hodl forever, what happen if the price is now declining, this is just a example okay, the price goes down from 100k to 10k from the moment the price is going down to 50 you should have already take profit, why because you are again waiting for the next dip and buy cheap,
and hold again, so there is a phase that you should take profit and hold, this is just my opinion, look what the holder that bitcoin selling everything, you think, he will not buy again?
he will but with the cheap price or he thinks its already time again to bag.

this is one way but when people say keep hodling it just means you don’t look or touch at your bitcoins until you are absolutely ready to take it not to re-buy but to spend

we have different strategies some people buy and sell (not really trading) but some people also just hold for a long time so that they don’t have to think of too much worries and just keep holding

[kawetsriyanto]

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

There is no term of "holding forever". Each person who invests in Bitcoin, they may expect for profits someday. However, how long holding the Bitcoin can be varied among the holders. Mostly people hold Bitcoin for 3-4 years (following 4 years cycle), but there are also people holding Bitcoin for 8 years or more. This will depend on the target of each holder.

I myself only hold 3-4 years so far. I always take profits during the bullrun and rebuy on the next bearish. In my own opinion, this way is the most effective way to collect more Bitcoin and having enough money for the profits. However, the whales may have no time to always monitor the market, so they target for the profits for a longer time. They must also expect for bigger profits, it may need some cycles to achieve it.

By the way, have you made a plan about the time period of holding your Bitcoin?

[red4slash]

Everyone's perspective ultimately differs when it comes to holding, because ultimately everyone is in the same situation in terms of the long term, but their goals and how they will achieve them will obviously differ, because not everyone intends to stay in Bitcoin forever, even if they are holding for the long term in this case.

I'll only refer to myself in this context, where my goal is not only to support myself financially (through Bitcoin investments) but also to achieve specific time-sensitive objectives. When that timeframe is met and aligns with my targets (in terms of both time and value), I will consider several options moving forward, such as exiting entirely or partially. In this case, I will certainly weigh various considerations for the next steps.

This is a reasonable condition for me, although others may disagree or have different conditions than what I aim to do. This clearly depends on each person's perspective, as everyone's goals and how they view holding are not the same.