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?
Thank you for sharing your experience mate and hopefully a lot who read your message will learn something from it.
I agree on what you said and also disagree at some points: Agree, to the fact that yes, when you are in the investment sector, always be futuristic and goal-oriented. Always account the idea of selling and not being greedy because this habit if not controlled will be your complete enemy & demise. In terms of being goal-oriented, don't focus on what price is it now, but focus on what your targets are that you invest in the first place. This will give you an idea and control not to be greedy that if ever you already hit your target, then stop. The fact that you saw the price continue go up and sold already and still enter the market (technically in FOMO), then you completely tag yourself as a greedy one.
Always put a money that you are willing to lose. In everything you do, there will always be risks.