Deleted

[riskthebiscuit]

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?  

I don't think the intent would be to hold forever. There's a parable about a Mexican fisherman that showcases us money isn't everything, sometimes a simpler life is the way. After all, what is the $ for? For things. Or to spend on people, perhaps. But it won't go with you anytime soon, or later for that fact.

Take a look at the recent 80k BTC sell. People are clowning this guy for selling, and for what? What else are you going to do except live a life worth living. It doesn't make sense to me to HODL forever. Take what you need to live a happy, blessed life. Generational wealth, WAGMI all copes. Don't miss your life

[BitBakerr1]

You don't HODL forever and no one is planing on holding forever, as a Bitcoin investor you should have a target and as soon as you meet that target you can now start selling some set of people has a target of accumulating consistently for 5 to 10 years while some has a target of accumulating and holding Bitcoin till Bitcoin gets to $200k or $400k in price, so you need to have a target you can't start accumulating Bitcoin without a target, and when you have an emergency you are not suppose to use your Bitcoin investment to solve that emergency that is why we advise that everyone that is investing on Bitcoin to have a backup funds which is your emergency, reserve and float funds, when ever you have an emergency or financial problem and you don't have money on you all you need to do is dip hands into your backup funds.
You need to do everything possible to make sure you protect your Bitcoin investment till you achieve that target you have put in place.
And again when you finally meet your target all you have to do is start selling only 10 percent of your Bitcoin when ever there's a rise, in other to keep your investment going.

[justinlamode]

HODL simply means you should never run out of Bitcoin. In other words, you should always have Bitcoin as long as you live, that is what the term means. If you have accumulated a decent amount of Bitcoin now, in the future you can sell some depending on your needs and age or physical strenght, but never sell off all your Bitcoin for whatever reasons.

[mirakal]

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?  

Buy, hold, and sell—it is a cycle.

Why are many encouraging holding? It is because they believe that holding makes you more profitable. However, it doesn't mean it will be forever; we still need to sell them (in fractions or as a whole) to earn. How long? That will depend on your preferences and target price. Most holders sell their bitcoin during bull season and reinvest during bear season.

But don't put pressure on yourself to hold longer if it is against your will. Do whatever you think is right. It was your bitcoin, your money; you can decide whatever you want.

[qwertyup23]

As previously discussed, always remember the purpose of investments in general. Ask yourself- why do you invest money in the first place?

The answer seems obvious: we save money in order to get the most returns to our initial capital. So at the end, investments are basically money that accrues interest overtime. Now following your question OP, do you recommend to HODL BTC forever? If you do that, then you will NEVER realize and profit from your investments.

In conclusion, treat your investments as part of your overall capital. The reason on why we invest is because we need money at the end. Basically, you HODL until you see a gain on your part (and that gain will depend on the market and your decision to sell) or if you need to sell it for emergency purposes.

[YOSHIE]

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

My personal definition in terms of the development of Bitcoin, I have the opposite understanding, meaning Bitcoin is really played by the authorities.

If you can adopt bitcoin in the amount of rice you can hodl and you win, I think Bitcoin from 2009-2017 is in favor of low economic users, entering 2018 until now Bitcoin is in favor of the authorities and billionaires.

So, if the ruler and billionaires have taken a role in the Bitcoin market, of course Hodl dies and does not work for ordinary users who buy little by little, that's the law of nature in the world of crypto.

[SquirrelJulietGarden]

My personal definition in terms of the development of Bitcoin, I have the opposite understanding, meaning Bitcoin is really played by the authorities.

If you can adopt bitcoin in the amount of rice you can hodl and you win, I think Bitcoin from 2009-2017 is in favor of low economic users, entering 2018 until now Bitcoin is in favor of the authorities and billionaires.

So, if the ruler and billionaires have taken a role in the Bitcoin market, of course Hodl dies and does not work for ordinary users who buy little by little, that's the law of nature in the world of crypto.

With very good technology behind, magical design and its historic parabolic growth so far, Bitcoin is a very good investment asset for anyone who afford to spend money for it, and are able to hold it for several years or two to three market cycles. Millionaires or billionaires can be Bitcoin made if they invested in Bitcoin very early years and held it long time enough.

It does not mean there is no longer chance for newbies to find better wealth and life with Bitcoin. Chance is here as Bitcoin adoption growth, value and price growth won't stop in 2025, so if you can join now, it is still early for them to join the party and enjoy profit in coming years.

Bitcoin historic ROIs and its bullish trend towards future for any newbie who still fell unsure about its future.
Bitcoin & Traditional Assets ROI (vs USD): https://casebitcoin.com/

[SOKO-DEKE]

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?  

Holding (or HODLing) refers to keeping Bitcoin for a certain period of time waiting until the price of Bitcoin increases and the holder can make a reasonable profit from it. Holding can last for a year, four years, ten years or even longer, depending on how much the price of Bitcoin rises to the point where the investor is satisfied with the profit and sell to take the profits.the reason why many people prefer to hold for a long term like 4 to 10 years or more is because of the Bitcoin halving. Every four years a Bitcoin halving occurs, and after each halving, there is usually a bullrun a period when the price of Bitcoin moves to a new ATH  This is based on Bitcoin history.

So, just imagine someone holding Bitcoin for 10 years that means they could witness two or more new ATHs. The profit made by that long-term holder is likely to be significantly higher than someone who only held Bitcoin for a year and then sold, based on past Bitcoin performance. holding Bitcoin doesn't mean you have to keep it in your wallet forever. It simply means holding until the price reaches a level you’re comfortable with and some choose to sell to take it aim profits.

[passwordnow]

but never sell off all your Bitcoin for whatever reasons.

I am afraid that many won't be able to follow this tip. Because of their needs, it's possible that many of them will start to sell all of that they have when the price of Bitcoin increases more. In my personal experience, I have no choice but to sell during the past bull run because of my need. I somehow regret but I have no choice and that's how Bitcoin saved me from particular situations and in the future, it will be understandable if some have to do the same thing.

[Hatchy]

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

Every investor has a take profits plan.. and if one has non, they might just be to naive to sell of their coins out of fud. The term hodl depends on how long every investor might have been in the bitcoin journey. Many who were elites in the satoshi era, could probably decide to retire them selfs for life because I consider them as the real hodlers. Bitcoin investment to be profitable should be held for at least a range of 5-10 years. That's why its usually adviced to invest only what you may not be in need to very soon.. have a stable source of income and just hold..

[passwordnow]

but never sell off all your Bitcoin for whatever reasons.

I am afraid that many won't be able to follow this tip. Because of their needs, it's possible that many of them will start to sell all of that they have when the price of Bitcoin increases more. In my personal experience, I have no choice but to sell during the past bull run because of my need. I somehow regret but I have no choice and that's how Bitcoin saved me from particular situations and in the future, it will be understandable if some have to do the same thing.

Clearly, selling off all one's Bitcoin will be needed by some people, but if possible it would be smart (if possible) to only sell off what is absolutely needed and retain what remains.

It's just a call of situation and we can't blame the others if they ended up doing that. In my decision, I haven't sold everything and that's what I am thankful for myself although it's quite a big portion of my holdings but still, I've got some holdings left.

Even better (if one has the wherewithal) is to use other assets that may not have the high ROI that Bitcoin does and HODL the Bitcoin...  

I agree, don't touch BTC and if there are some other assets that can be sold, choose it. Bitcoin is better for the longer term of holding it and nothing can beat its stability.

[Zigabel]

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?  

If you Hold forever then you are to going to get value for that which you are holding , you are just stocking it at a place and not doing anything with it or having no plans for it or to use it for anything which makes it of much less or even no value, Holding is foe value appreciation for the future, whereby you are going to end up with an ROI with which you are going to achieve other things with in the future.

The concept behind the Holding is a situation where by you buy at a certain price and then you allow the value to increase to a certain price where you are going to then withdraw all of it including the capital and do whatever you wish with it or you are going to get a fragment of it which may be equivalent to the added value you have gotten on the asset and then use for whatever it is you want to use it for, more like just taking profit and leaving the capital and allowing the capital to grow again to another value where you make some profit from it and then you take again if you want, more like an investment and not just Holding unto it for an unaccountable number of tie without doing anything with it or having plans for which you want to use it for, just hold on till the value appreciates enough for you to use.

[Donneski]

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?  

Op, firstly, you need to understand that you're not coerced by any rule on the duration you can hodl your Bitcoin. Different people have different reasons of hodling Bitcoin and because their motives differ, they hodl for different time duration. To me, HODLing isn’t necessarily forever, it’s more about long-term conviction. I’m stacking and holding with the plan to only sell when it really matters, like for life-changing goals or emergencies. But the aim is to always keep some BTC for the future, no matter what.

So you should know your reason of hodling and then sell when your target of hodling is met.

[Japinat]

While I’ve come to realized that no one would want to hodl their coins forever, but for those who want to pass their bitcoin legacy to their children and grandchildren, maybe they can continue hodling their coins forever.

But for me, I’m hodling for my retirement, I’m hodling to ensure financial stability and security when my old age comes, which means my hodling has its own expiration, I’m hodling for my own purpose. And I think majority who buy and hold bitcoin have the same dreams and goals as mine.

[goldkingcoiner]

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?  

You are more than welcome to take profits if you need them. You could even take all the BTC and trade it for fiat or things you want/need. But the consensus in the Bitcoin (and even the cryptocurrency community) is that Bitcoin will go much higher, being the deflationary, revolutionary and young new generation of money that it is. But as I said, feel free to empty your bags, just be sure not to regret your decision in the future.

[finaleshot2016]

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?  

You are more than welcome to take profits if you need them. You could even take all the BTC and trade it for fiat or things you want/need. But the consensus in the Bitcoin (and even the cryptocurrency community) is that Bitcoin will go much higher, being the deflationary, revolutionary and young new generation of money that it is. But as I said, feel free to empty your bags, just be sure not to regret your decision in the future.

True, don't put too much pressure on yourself by having doubts on decisions. If you really feel to take profit and you feel happy about it, then it's fine, no one can predict when or how will bitcoin survive in few months but as long as you're making progress on your portfolio, it's okay.

As long as you've sold the bags from a good multiplier like you've got a good entry then it's all worth it, bitcoin can still grow in the future, the narrative of being a digital gold still remains so it's up to you when you should sell the bags. The important thing here is just don't sell it at lose because it'll ruin your momentum.

[Synchronice]

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?  

Seriously, what's the point of HODLing forever? Do you want to be a rich guy who lived like a poor and in life, he didn't experience anything better than a random poor person? Then what's the point of money? If you can't get some fun and experience another level of life, then what's the point? I want to become rich to live on another level, to have all the fun, travel and so on.

I recommend to hold long-term but should not make it a lifetime commitment. Just invest in it, hold it enough to see double or triple digits profit going up and then sell if you need money, then wait for the price to fall and buy again, this way you'll have a profit that you can spend easily while you'll get the same amount of coins. You should calculate profit in coins, not in US dollars. If I bought 0.1 Bitcoin at 100K, sold it at 120K, had a fun worth of 20K and then I later bought 0.1 Bitcoin at 100K, this means that I'm holding the right way.

[bhadz]

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

It can be part of your retirement fund but at least you've got to enjoy the labor of your patience in holding.

I get enjoyment in a lot of different ways, and one way is in the results of good investments...

Yes, that's why you have got to be a good investor and take it we're on the right time, the profits. Because many of the investors look only into it as a short term investment and when they are able to make some money in it, they think that it's enough and it will no longer continue to happen to them. So, good investments comes from taking risk at the beginning and believing on assets like Bitcoin. There is no other crypto that's better than it.

[irhact]

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?  

We as different individual should have our own definition for what hodling is to us because we can't be having a general description when we have different reasons why we're investing in Bitcoin. I can hodl for many years because I might'nt have a reason to make use of my Bitcoin now but for others that might have urgent need for money, they can go ahead and sell some of the Bitcoin they hodl to tackle that money needing situation. It doesn't make any sense that you'll have money and can't use it for your basic needs therefore our needs should always be prioritised before anything else because living is more important than any investments.

[skarais]

~~~

True, don't put too much pressure on yourself by having doubts on decisions. If you really feel to take profit and you feel happy about it, then it's fine, no one can predict when or how will bitcoin survive in few months but as long as you're making progress on your portfolio, it's okay.

As long as you've sold the bags from a good multiplier like you've got a good entry then it's all worth it, bitcoin can still grow in the future, the narrative of being a digital gold still remains so it's up to you when you should sell the bags. The important thing here is just don't sell it at lose because it'll ruin your momentum.

You're right, anyone can sell at any price as long as they get a return. It doesn't matter how much profit they make, when they decide to sell, they should be happy with the profit. Someone may of course regret their decision to sell early when the bitcoin price rises even higher after they sell, but they forget that the market still gives them the opportunity to buy back at a different price and take advantage of the volatility to make a profit.

There are certainly reasons for holding Bitcoin longer, one of which is to maximize its long-term potential. Investors who sell early certainly benefit, but long-term holders will undoubtedly reap greater gains if Bitcoin's price continues to rise. There's no need to feel bad, everyone has their own reasons for selling.