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Author Topic: Risk of holding bitcoin forever  (Read 1291 times)
fuguebtc
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Today at 02:44:59 AM
 #181

You can’t hodl forever, forever is not a time and would always stay undefined. Having a goal and hodling forever just can’t go together. You can hodl for a long time but, at some point, you would want to sell some of those Bitcoin. Best be for some reasons but for some, it could be just to cash in, to have that feeling from ROI. While you invest and while you hodl, always make plans on how to best utilize your Bitcoin to suit your purposes.
Agree. If someone buys Bitcoin for investment, they mustn't hold it forever. Investors must set a time for taking profits. Holding a long time doesn't mean holding forever. And I'm pretty sure that most of us will never have an idea to hold forever. Unless Satoshi, he may will hold forever.

Sure, anyone must have a plan before he invests money in anything (including Bitcoin). The plan includes the time for buying (entry) and the time for selling (exit). Someday in the future, our Bitcoin probably can be converted to cash or another kind of asset.  Smiley



Just because Satoshi has never moved or sold his bitcoins, so far. That does not mean he will hold onto it forever and will not sell it in the future. Furthermore, we are not certain that he only owned that one wallet. It is possible he owned more bitcoin than we thought and sold it without our knowledge.

When it comes to investing, the first thing we all think about is profit. So, I do not believe that anyone invests in Bitcoin with the intention of holding onto it forever.

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Olatundespo
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Today at 05:24:22 AM
 #182

You can’t hodl forever, forever is not a time and would always stay undefined. Having a goal and hodling forever just can’t go together. You can hodl for a long time but, at some point, you would want to sell some of those Bitcoin. Best be for some reasons but for some, it could be just to cash in, to have that feeling from ROI. While you invest and while you hodl, always make plans on how to best utilize your Bitcoin to suit your purposes.
Agree. If someone buys Bitcoin for investment, they mustn't hold it forever. Investors must set a time for taking profits. Holding a long time doesn't mean holding forever. And I'm pretty sure that most of us will never have an idea to hold forever. Unless Satoshi, he may will hold forever.

Sure, anyone must have a plan before he invests money in anything (including Bitcoin). The plan includes the time for buying (entry) and the time for selling (exit). Someday in the future, our Bitcoin probably can be converted to cash or another kind of asset.  Smiley
This can be the best part of a whole plan. How strong a mindset do you need to be to save Bitcoin and for how long should you hold it? In the forum, we often advise a maximum of 10 years to save Bitcoin continuously and a minimum of 4 years. We also adhere to this because imperfect investment strategies and period are more likely to fail. We cannot predict how much the price of Bitcoin will go down or up in the future but through our financial capacity and management we can accumulate Bitcoin through discretionary income.

If this period of Bitcoin investment exceeds 10 years, you will have this idea of ​​investing. You are very experienced and can liquidate some amount to create real wealth, but this should be according to your own plan, but it will be right to continue without abandoning the habit of saving Bitcoin continuously.











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Today at 05:56:31 AM
 #183

Those who invested in bitcoin at the time when it was launched and forgot about it, there are many among these who forgot their password. That is like losing all your money just because you held very long. Those who are investing now and plan to hold forever, are they in better position or their fate will be similar ?

The duration of holding has nothing to do with loosing your bitcoin except you left the coins in an exchange app and the exchange pack or you have no written records of your keys/seed words that is why on opening a wallet it is always advised on the wallet page to write down your seed word to avoid posible loss
Another reason one can loose his/her bitcoin in the process of holding too long is when the coin plummet lower than the initial price you bought at the time you wish to sell.
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Today at 07:13:00 AM
 #184

Just because Satoshi has never moved or sold his bitcoins, so far. That does not mean he will hold onto it forever and will not sell it in the future. Furthermore, we are not certain that he only owned that one wallet. It is possible he owned more bitcoin than we thought and sold it without our knowledge.
If you read my post carefully, you must know I also didn't say Satoshi must hold forever. But I stated "he may will hold forever".  Cheesy
Sure, it is possible that Satoshi will sell his Bitcoin in the future. And the number can be bigger than we know. However, I trust him, I believe Satoshi won't have the intention to ruin Bitcoin future by selling all their Bitcoin.

When it comes to investing, the first thing we all think about is profit. So, I do not believe that anyone invests in Bitcoin with the intention of holding onto it forever.
It is true, all people who invest in Bitcoin, they must expect for taking profits. Profit is the reason that people want to invest in Bitcoin. Considering this matter, it is quite doubtful that people will hold forever. As far as I know, most people just follow the cycle. They hold 3-4 years, then they take profits and reshape again a new investment.


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