Post
Topic
Board Bitcoin Discussion
Re: HODL ₿itcoin for Life, not for Lifetime.
by
pawanjain
on 15/03/2021, 16:01:27 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?

Dependence is the key here. If you wait for bitcoin or any cryptocurrency or any asset to reach a specific price so that you can do something out of it and if the price crashes before that is when you will face the biggest trouble. So just cash out whenever there's a need. If you don't use it in times of need then there's no point of holding it.
When there's no dependence, even if it crashes multiple times won't matter since you won't be encashing it in crashes anyway.