Quote from: Kez1817 on Today at 04:30:01 PM

Quote from: Coolcryptovator on November 14, 2020, 06:07:18 PM

Most crypto users are familiar with the HODL (Hold On for Dear Life). It's a good thing if you can HODL. I want to say HODL for dear life, not for lifetime. There is a reason why am I saying that. During the last bull run in 2017, I had more than enough funds to start a real life business by selling my Bitcoin. And to be honest, starting a real life business was too important for me since I was doing a job abroad. But sadly, I was greedy and had been waiting for more bumps. Eventually, I regret and now I can't do anything with that fund since bought a dew worthless shitcoin.

So if I HODL for dear life, then I should sell it for my need. Even I would won more BTC now since there were many opportunities when bitcoin dropped up to $3K.

What's your opinion? Should we HODL for Life or for Lifetime?

Just Hold for life because for me holding bitcoin has a limitation and timeframe where you will be able to sell it to gain profit. When you say hold for lifetime , it means you will just hold it and there's no plan to sell. Bitcoin price is very volatile and not stable which means you need to buy when the price is low and hold it until the price go up and take your profit. Then after that you are going to buy again in deep then hold again. This is just a cycle.

Your statement of holding for a lifetime contradicts your idea of buying during the low times and selling at high times. You should Address it in such way that there will be good times to sell, and holding alone will not give you profit. This is the mistake of some investors; the price is already "high" to the point that selling as this early won't make you regret doing so, but they will rather hold-still anticipating bigger profit, then correction will occur in a sudden. They will be left nothing to do but to again wait for another market price increase which is uncertain on its occurrence.