Post
Topic
Board Bitcoin Discussion
Re: HODL ₿itcoin for Life, not for Lifetime.
by
finaleshot2016
on 16/11/2020, 19:01:04 UTC
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?
We should HODL for life, bitcoin will still give you another opportunity in the next bull run. Let's be practical on this, if you think that your money was doubled or tripled, and it will give you a good life, then it's enough already and sell it. The 2017 bull run serves as a lesson for us that we shouldn't be greedy and be more practical since it's an investment. I'm investing in bitcoin because I want to make a profit on it, and setting up a target price would be also good. Always check daily if you will still go on or if it's too much already, you're the only one who can assess it since only you know how much you've invested.