Risk of holding bitcoin forever

[fuguebtc]

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. 

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.

[Olatundespo]

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. 

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.

[Boldfx]

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.

[kawetsriyanto]

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". 
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.

[Cryptmuster]

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.

You can also look at it from the perspective that you need to store your capital in some asset, that is not subject to inflation and that can grow in value over time. There are not many such assets that have stood the test of time. Among them I think, are gold and silver and now, hopefully Bitcoin can also be added to this list.

Therefore, if you invest in Bitcoin and are ready to hold it for 10 years or more, it doesn’t mean that one day you will have to sell all of your Bitcoin just to lock in profits or to keep your capital in fiat currency. You can hold it for decades and even pass it on to your children as an inheritance, if you don’t spend it and they continue hold it as well. You could sell only small portions whenever you actually need the money. If nothing bad happens to Bitcoin, such as quantum attacks, then this asset could theoretically be held indefinitely, and in that way you could protect your capital from inflation.

[Humblevirus]

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 ?

Holding for the long term is not a reason why someone should lose their seed phrase. The reason why most people lose their seed phrase and cannot access their Bitcoin again is mostly because of their carelessness. Another reason behind this is their lack of proper knowledge.Those who have lost their seed phrase in the past might have been more careful if they had known that losing it would mean they could never access their Bitcoin again. Some people also lost their seed phrases because they did not expect the price of Bitcoin to rise this much. That is why they did not care so much about their seed phrase at the time, but now they regret it as the price of Bitcoin has gone so high.

The difference I often see between those who invested early and those who are investing now is that the new investors will learn from the mistakes early investors made. They will try their best not to allow the same thing to happen to them. Because of this, new investors will try to follow the right steps.Another point I want you to understand is that nobody will want to hold Bitcoin forever without having a plan to sell in the future. They may continue holding Bitcoin for a very long time if Bitcoin continues to exist, but it is unlikely that someone would plan to hold Bitcoin forever without any plan to sell at least some part of it in the future.

[Cossyblack]

Do you understand what it means to hold bitcoin forever, you won’t sell, you will just hold, sometimes you guys sound as if we are investing in bitcoin just because we want to have bitcoin as part of our investment and just keep it there for the record, the truth is no one is investing in bitcoin because he just want to have it. Everyone is investing in bitcoin because they want to make profit, so no one will hold forever at some point people will sell their bitcoin and make profit and that is the essence of going into bitcoin investment. Anyone who is saying he’s going to hold bitcoin forever don’t understand what he’s saying and he’s a big liar.

You right nobody can hold bitcoin forever except that person isn't a human being because we don't live forever we must grow and die someday. Bitcoin isn't like an artifact that people buy and keep in their homes or in the museum forever, No. People aren't investing in bitcoin just to watch it accumulate forever but for profits. . Bitcoin can be inherited or can be given out as an inheritance to a trusted heir. If we hold it forever and when we grow old and die,the asset will be lost forever but if we transfer it to the next generation, their children will pass it on to their own children,the asset will grow bigger and sustained for many decade.

[HustleZ]

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 ?

There is a huge difference between not being able to access and not Using for it to Compound. The investors are in way better place because they can access their Holdings any time and use it whereas the people who lose the seed lose access to their account and they can't use the investment they ever made.

People who tend to invest for a long period of time doesn't mean they will always only invest, They can treat themselves after a Bullrun or a good spike. Investing doesn't mean we lose all access to it. While Some people deliberately lose access to it for some time so they can not be tempted to sell it but it is their choice. You can use the invested amount any time you want if you don't want to benefit from the investment further.

[Big Dirams]

Do you understand what it means to hold bitcoin forever, you won’t sell, you will just hold, sometimes you guys sound as if we are investing in bitcoin just because we want to have bitcoin as part of our investment and just keep it there for the record, the truth is no one is investing in bitcoin because he just want to have it. Everyone is investing in bitcoin because they want to make profit, so no one will hold forever at some point people will sell their bitcoin and make profit and that is the essence of going into bitcoin investment. Anyone who is saying he’s going to hold bitcoin forever don’t understand what he’s saying and he’s a big liar.

You right nobody can hold bitcoin forever except that person isn't a human being because we don't live forever we must grow and die someday. Bitcoin isn't like an artifact that people buy and keep in their homes or in the museum forever, No. People aren't investing in bitcoin just to watch it accumulate forever but for profits. . Bitcoin can be inherited or can be given out as an inheritance to a trusted heir. If we hold it forever and when we grow old and die,the asset will be lost forever but if we transfer it to the next generation, their children will pass it on to their own children,the asset will grow bigger and sustained for many decade.

Surely one day we all shall taste death and when we assume we want to hold bitcoin forever then that just something impossible because we are not living forever and for a investment like that to go lost or not owned by anyone after we pass on then it just a smart idea to give it out or transfer it to our children so they can have access to it and possible take advantage of it in the nearest future if such investment has aid so much profits already.
 It better to give access of our investment to our children or any close relatives so they can easily get access to our investments maybe after we kick the bucket. Holding bitcoin forever is not possible it either we keep holding and enjoy profits as soon as we can or maybe we keep holding and hoping for bigger and massive profits then we can secure our profits but holding for long is just unrealistic.

[Razmirraz]

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 case experienced by HODLers whose passwords/private keys, or what are now more popularly called Seed phrases, are indeed very sad, but basically they don't want to keep Bitcoin forever, but because of a small mistake, they have to lose everything. Investors who invest now and plan to hold Bitcoin for the long term are in a better position than those who invested in Bitcoin when it was first launched because they have easier access to wallets and seed phrases, can also use more secure wallets with better backup features, and can split Bitcoin into multiple wallets to reduce the risk of loss. It is highly recommended to use a secure wallet with good backup features, make sure to store the Seed phrase in a safe place to prevent hacking or Bitcoin theft and create a plan to manage the risks.

[Cgrexp]

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. 

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.

It is necessary to have a goal in Bitcoin investment because it shows an investor how long he will be able to continue this investment and of course this goal should be long-term i.e. 8 to 10 years. Investment should be made from discretionary income to ensure that the investment is being made from our unnecessary money and all the necessary needs are met properly. However, having a stable income is seen as more beneficial for discretionary money. Therefore, discretionary money should be determined according to one's own limitations. The more comfortable the amount of money is, the easier it will be to sustain the investment in the long term.