What's the END?

[TokenTikas]

Actually, the way you are thinking so deeply about investing in bitcoin does not seem very right to me. In reality, we usually invest in bitcoin with the hope of making profit but holding on to that hope of profit until the end of our life is quite foolish. Even though none of us knows when death will come, we always stay prepared because it can happen at any time. So, even if we invest in bitcoin, just holding it forever without using it is not wise. Rather than we should use our Bitcoin according to our time, needs and opportunities.

Once we start seeing a reasonably good profit from where we invested, it is better to sell the bitcoin because even if we hold it for a long time, we are still holding it with the hope of making profit. When we finally get that expected profit, it makes more sense to sell the bitcoin and use it for the needs of life, so that there will be no regret later.

[Hatchy]

Right now, it seems like it's more like an inheritance wealth I'm building because if I keep listening to don't sell, keep buying, I might end up not selling at all just putting money together for all the years, or maybe I will spend some during retirement! But for you once again, What's the very END?

You are getting it wrong.. I guess the word Hodl usually confuses alot of investors. Holding your coins doesn't mean you shouldn't sell, it means you must stick to your investment plan and have a long term goal. Nobody knows when it all ends, but if you have seen a reason amount of profit form your bitcoin investments, then it's good to take those profits and spend on other things. You may chose not to spend your initial capital but it's yield because that's your reward for trusting the system, being patient and holding up until it was ripe enough..most people get carried away during the market bear seasons and it's not a good way to archive success with bitcoin investment..

[Vaculin]

If you hear people saying do not sell your coins but keep on buying, believe me they're not into bitcoin. Because if they do, they will take advantage of selling their coins when there is perfect timing in order to make profits and benefit from it.

Buying and holding bitcoin does not need to be done forever, like you're doing it for a lifetime. You do it because you want to succeed in your current life and achieve financial freedom and independence, not to keep holding until you will lost the essence why you invested in bitcoin from the very beginning.

[Publictalk792]

Much of Bitcoin users have hard choice on whether they can save or live their lives today and not something to look forward to in future, but never sell rule can make you turn into quiet viewer of money you never spend. Some long term investors are stopping to hold forever and are selling small amounts of money or use their Bitcoin to fix their present day living without selling savings. Your wealth will just be case of passing it to others by mistake without clear end plan or worse still, it can never be gotten back once after your death since no one will have access to your keys. Although 10 year returns of bitcoin were amazing and it will return more but keeping it till very old with no purpose in your life is risk there should be any goal.

[Abiky]

Everyone of us have a bitcoin target or a goal that includes holding bitcoin in it, yes as long as you have been educated with bitcoin knowledge you will definitely create a goal for yourself to buy bitcoin and hold it but then there is the one question that nobody wants to talk about, what exactly is the end goal? when you die? will the holdings become inheritance for you since you're in the long term goal? what's your age and how long do you want to hold? when you hold this long will you still be available to see the value it becomes? what's the exact end?

I kept wondering, if I want to hold bitcoin just because I was educated that if I hold it will give me more profit and then I just have to keep buying and holding? what's my intention or what do I want to achieve with all the bitcoin in the end?

But then when is the end? is that when we die?

Right now, it seems like it's more like an inheritance wealth I'm building because if I keep listening to don't sell, keep buying, I might end up not selling at all just putting money together for all the years, or maybe I will spend some during retirement! But for you once again, What's the very END?

Honestly, most bitcoiners never want to sell as they have high hopes it will reach higher prices in the future. If they sell today, they will miss a huge opportunity of becoming filthy rich in the future. The ones that are selling, are those who need the money right away to help pay off their debts or even basic necessities.

I'm one of the many bitcoiners who're never planning to sell no matter what. I plan to leave my BTC as inheritance to my descendants. I'm sure it will go far beyond $1m in the future. You can do whatever you want with your Bitcoin, as long as it's nothing "illegal". That's the beauty of open source and decentralization. Bitcoin's true "end" will happen once a new crypto with a tech superior than Blockchain comes out. Or maybe after all 21m BTC are mined. By that time that happens, neither you or I will be alive. Just my two sats.

[Minor Miner]

If you hear people saying do not sell your coins but keep on buying, believe me they're not into bitcoin. Because if they do, they will take advantage of selling their coins when there is perfect timing in order to make profits and benefit from it.

Buying and holding bitcoin does not need to be done forever, like you're doing it for a lifetime. You do it because you want to succeed in your current life and achieve financial freedom and independence, not to keep holding until you will lost the essence why you invested in bitcoin from the very beginning.

Those who advise against selling or holding Bitcoin forever are not people who don't understand bitcoin. More accurately, they understand nothing about investing and  join a cult, instead of investing and having a real financial strategy.

Investing is for profit, and investing is to improve our lives, and Bitcoin is just a tool to help us achieve that goal. But it seems many people are gradually forgetting their original goal.

[LogitechMouse]

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I kept wondering, if I want to hold bitcoin just because I was educated that if I hold it will give me more profit and then I just have to keep buying and holding? what's my intention or what do I want to achieve with all the bitcoin in the end?

But then when is the end? is that when we die?

Right now, it seems like it's more like an inheritance wealth I'm building because if I keep listening to don't sell, keep buying, I might end up not selling at all just putting money together for all the years, or maybe I will spend some during retirement! But for you once again, What's the very END?

If you keep buying and don't take profits, along the way you will feel regret because the market moves in cycles, and the supposed profit that you should have when the market is at it's peak will slowly vanish because the market will eventually go down.

What's the end goal? Buy and sell until you die. That's the end goal... at least for me. You're an investor and as an investor, your main priority is to make money, not accumulate until you die. Inheriting it to the younger people or to your children? That might be possible, but at least have a goal where you will make money for your whole life. What do you want to achieve with the Bitcoins? Assuming that you buy and sell then you will at least achieve financial freedom... but that will only happen if you take profits and not forever holding your Bitcoins.

Holding your Bitcoins is what I consider as a "stupid" strategy. Bitcoin isn't a collectible where you will not sell it. It's an asset where people are buying and selling it to make profit. Spend some for retirement. That would be possible, but don't hold it forever. As for the end goal, it will all depends, but don't consider buy and hold strategy as your end goal because you might die without experiencing the fruits of your labor.

[m2017]

Everyone of us have a bitcoin target or a goal that includes holding bitcoin in it, yes as long as you have been educated with bitcoin knowledge you will definitely create a goal for yourself to buy bitcoin and hold it

I will surprise you by saying that the goal of some of us may be to use bitcoin (means of payment).

but then there is the one question that nobody wants to talk about, what exactly is the end goal? when you die? will the holdings become inheritance for you since you're in the long term goal? what's your age and how long do you want to hold? when you hold this long will you still be available to see the value it becomes? what's the exact end?

That's why you can't save forever, hoping for a bright, comfortable future with bitcoin. You need to live in the moment, now, but not forgetting your future needs. Therefore, if use the DCA strategy to buy bitcoin, should use a similar strategy when spending bitcoin. That is, periodically sell some of your assets to meet current needs. Life and youth will not last forever, and therefore, money will bring less pleasure and benefit to older retirees than it does to you now.

Bitcoin should not become your meaning of life, because it is only a tool that allows you to realize your needs on the path to finding this very meaning.

I kept wondering, if I want to hold bitcoin just because I was educated that if I hold it will give me more profit and then I just have to keep buying and holding? what's my intention or what do I want to achieve with all the bitcoin in the end?

But then when is the end? is that when we die?

Look for the answers to these questions within yourself.

Right now, it seems like it's more like an inheritance wealth I'm building because if I keep listening to don't sell, keep buying, I might end up not selling at all just putting money together for all the years, or maybe I will spend some during retirement! But for you once again, What's the very END?

In any case, having bitcoin in your old age is better than not having it. Your descendants will also be grateful (and it will make their lives easier) if you leave them a bitcoin legacy. However, don't forget about the present (live in the here and now, spending money on something useful) and don't invest all your income in bitcoin.

It's time to create a section on the forum called "Philosophizing about bitcoin".

[Franctoshi]

Everyone of us have a bitcoin target or a goal that includes holding bitcoin in it, yes as long as you have been educated with bitcoin knowledge you will definitely create a goal for yourself to buy bitcoin and hold it but then there is the one question that nobody wants to talk about, what exactly is the end goal? when you die? will the holdings become inheritance for you since you're in the long term goal? what's your age and how long do you want to hold? when you hold this long will you still be available to see the value it becomes? what's the exact end?

I kept wondering, if I want to hold bitcoin just because I was educated that if I hold it will give me more profit and then I just have to keep buying and holding? what's my intention or what do I want to achieve with all the bitcoin in the end?

But then when is the end? is that when we die?

Right now, it seems like it's more like an inheritance wealth I'm building because if I keep listening to don't sell, keep buying, I might end up not selling at all just putting money together for all the years, or maybe I will spend some during retirement! But for you once again, What's the very END?

Raised a good topic, though we've treated this topic in some threads, Which I can't really recall exactly, however, everyone's goal ain't the same, so buy and hold here means that you can only get the potential desired profit from Bitcoin when you buy and holdl for a long time and regardless of what age that you are, and at least 4 years and above which is regarded as long term perspective, and that's just the message. Now, it's up to you to decide when you want to sell from this period depending on your years on earth and your investment goal, you can decide to hodl for retirement or for the transfer of wealth to your children when they come of age, etc.

[sunsilk]

Make use and enjoy your profits and whatever is the ending you're thinking, it should be in your benefits and not with the bad ending that might happen to you.

Set a plan on how you're going to spend your profit and when you're going to take profit. What you're wondering now will later change once you're able to find what's going to work with your plan.

We have different things to be made and it's okay if you don't have it yet but soon, you'll realize what you like to do with it before we pass and let it be as an inheritance.

[Hewlet]

Right now, it seems like it's more like an inheritance wealth I'm building because if I keep listening to don't sell, keep buying, I might end up not selling at all just putting money together for all the years, or maybe I will spend some during retirement! But for you once again, What's the very END?

Every investor has a place that they stand in their investment journey and depending on where you are as an investor, it might be reasonable for you to consider selling a reasonable thing or not but then, the certainty is that long term investment has an end point and the end point is definitely not at the point of your death.

As an investor, if you are relatively at the entry phase of your investment then selling your asset should never cross your mind but once you have crossed that point and have reached a state where you are comfortable and have attained your investment goal, there is absolutely nothing wrong making a sale decision. what then is the essence of investing without a plan of taking out profit at a certain point in time?

[davis196]

Everyone of us have a bitcoin target or a goal that includes holding bitcoin in it, yes as long as you have been educated with bitcoin knowledge you will definitely create a goal for yourself to buy bitcoin and hold it but then there is the one question that nobody wants to talk about, what exactly is the end goal? when you die? will the holdings become inheritance for you since you're in the long term goal? what's your age and how long do you want to hold? when you hold this long will you still be available to see the value it becomes? what's the exact end?

I kept wondering, if I want to hold bitcoin just because I was educated that if I hold it will give me more profit and then I just have to keep buying and holding? what's my intention or what do I want to achieve with all the bitcoin in the end?

But then when is the end? is that when we die?

Right now, it seems like it's more like an inheritance wealth I'm building because if I keep listening to don't sell, keep buying, I might end up not selling at all just putting money together for all the years, or maybe I will spend some during retirement! But for you once again, What's the very END?

HODLing BTC in the long term is supposed to preserve your wealth, fiat money and many financial assets are losing value in the long term due to inflation. Bitcoin is a deflationary asset. Nobody forces you to just buy BTC and HODL for years. You can buy the dip and sell at a ATH and rinse and repeat(if you are good enough at timing the market and you know the price will reach a peak and hit a bottom). I don't have plans of HODLing BTC for decades. I don't have any long term plans at all. I will just stick to HODLing a part of my BTC and selling another part at a high price(during a bull market), while Dollar Cost Averaging every month.

[aoluain]

Definitely part of my long term Bitcoin is to preserve some wealth and aid in my retirement.

Also part of my long term plan for my Bitcoin has come to pass, along with some other financial
moves I am now debt free and complete owner of my property and because of that I work less and
have a better standard of living. The timing of the last Bull run aided me in those goals.

Your long term goal can be whatever you want it to be.

[Outhue]

I kept wondering, if I want to hold bitcoin just because I was educated that if I hold it will give me more profit and then I just have to keep buying and holding? what's my intention or what do I want to achieve with all the bitcoin in the end?

But then when is the end? is that when we die?

Right now, it seems like it's more like an inheritance wealth I'm building because if I keep listening to don't sell, keep buying, I might end up not selling at all just putting money together for all the years, or maybe I will spend some during retirement! But for you once again, What's the very END?

Why do we work hard to save money? To have a better life at a older age, because trust me old age is not a joke, even if you have family around you they might not look after you, many men are been loved right now because they are a sole provider, deep down they are not loved, many men have confused been used as a tool into love.

You buy Bitcoin because it will make your future life easier, many people won't make it because death will come for everyone in different time but unfortunately we don't have the power to know when death is near, still you don't want to risk it by not doing anything just because you feel that you could die at anytime.

I don't hold Bitcoin as something that I can't sell, last November I sold some to buy a gaming PC, I am enjoying it and I deserve it because I have worked so hard to get to where I am today, when you are busy gathering your Bitcoin make sure you are also spending on yourself, don't just hold till infinity.

[SmartGold01]

Bitcoin investment is not something that is compulsory or mandatory.. I believe everyone has a target for their holdings and for their achievement. I may decides to hold for 10 years before I decided to push out any single of my bitcoin, I may also decided to hold for 20 years or I might even decided to hold some portion for my family or children; Meaning I would have to pass my investment to my children when time comes or when they might have gotten of age to manage and control the profits key, or possibly I might decides to move some portion of my investment to their wallet where they think could be more secured for them. This are the reason why people do their investment, it doesn't really mean that they must die and leave their investment or let their bitcoin go just like that, what you must know is that everyone has a target on their investment and when their target is met you would see them doing the needful.

[fuguebtc]

As for me,, Bitcoin is just yet another tool in our lives, much like all of the other various tools that we accumulate over the years.  However, if you are never able to use it to buy additional hours of freedom or experiences, then what use is that tool to you?  Its up to each and every one of us to determine, regardless of our own ages, if the ultimate goal of life is to die with the largest number of "points" possible, or to use as many of those points while we are still alive to create the life we want for ourselves.

This is something many people do not understand, and they treat investing in bitcoin as a matter of survival. They cut all present spending, being stingy with relatives and even with themselves, just to pour money into Bitcoin and treat it as something that must never be sold. That is a flawed way of thinking

Indeed, Bitcoin is just a financial tool like many other, not a purpose in life. Investing in Bitcoin is about serving our live, we do not just live to invest in Bitcoin. Therefore, sell when necessary and buy back when the time is right, let it serve us, not the other way around.

[Jet Cash]

I want to accumulate Bitcoin whilst I sort out my life. Then I want to exchange my Bitcoin for some woodland, and build a nature reserve and live in it. I just wish I had bought more bitcoin in the early years.

[The Cryptovator]

Everyone of us have a bitcoin target or a goal that includes holding bitcoin in it, yes as long as you have been educated with bitcoin knowledge you will definitely create a goal for yourself to buy bitcoin and hold it but then there is the one question that nobody wants to talk about, what exactly is the end goal? when you die? will the holdings become inheritance for you since you're in the long term goal? what's your age and how long do you want to hold? when you hold this long will you still be available to see the value it becomes? what's the exact end?

That's why I have created a thread hold for life, not for the lifetime. That means we should have a specific goal about our crypto; without a goal, you can't make money from crypto. Just imagine what the ATH was and we haven't sold. What's the current price? And we are definitely regretting it, although we know the market will recover soon.

I kept wondering, if I want to hold bitcoin just because I was educated that if I hold it will give me more profit and then I just have to keep buying and holding? what's my intention or what do I want to achieve with all the bitcoin in the end?

No, we hold Bitcoin to do something big by Bitcoin. Like when your Bitcoin price becomes 4X then you have a decent amount already. You can use it in your real life.

But then when is the end? is that when we die?

It's worthless unless we can use Bitcoin ourselves in our life when we alive.

Right now, it seems like it's more like an inheritance wealth I'm building because if I keep listening to don't sell, keep buying, I might end up not selling at all just putting money together for all the years, or maybe I will spend some during retirement! But for you once again, What's the very END?

Set your goal. Make your own plan how long will you accumulate at which price range and when you will sell it at which price range. Doesn't necessary hold it for lifetime. Take advantage of the ATH.

[aoluain]

I want to accumulate Bitcoin whilst I sort out my life. Then I want to exchange my Bitcoin for some woodland, and build a nature reserve and live in it. I just wish I had bought more bitcoin in the early years.

What a fantastic idea, its something I thought about in the past and would definitely be in a position
to do so in the future. This coupled with learning self sufficiency and woodland care .

Definitely a more appealing adventure and property purchase than an urban dwelling although having
both could be beneficial too I suppose - maybe in the Mediterranean region of Europe.

[Cityhunter34]

Honestly, I don't know why we keeping on putting ourselves in a risky situation because I don't see anything to worry yourself too much. Without even told we are meant to understand that Bitcoin investment is personal decision but it seems like many people are still getting it twisted by trying to make things complicated by themselves. It's obvious that each and everyone us here have a target in our Bitcoin investment so you don't expect anyone to run your investment plan for you, it is absolutely your responsibility to know when your Bitcoin investment is due for selling, and not someone else responsibility.