Post
Topic
Board Bitcoin Discussion
Re: HODL...until when?
by
Mistafreeze
on 03/07/2021, 13:20:29 UTC
Those who advocate hodling, when do you cash out?

I mean, dying hodling is not the plan, is it? Eventually, you'd need to enjoy the fruits of your patience, right? When is that, when someone says "hodl"? Is it a savings plan? A retirement fund? What does it mean to hodl?
When you are holding, you need to put all strategies in order to know the best time to sell, not just holding consecutively, blindly without knowing what is happening in the market. As an investor, news is very important which is one of the factors that influence the price of a coin.

You can keep holding a coin seeing it falling but still not bordered because you know your plans, knowing when to take your profits from the market without being dumped. Many newbie investors always ask this question of when to sell their coins, maybe because they've not really gained the insight of how price react with time. My advice is, once you've make some gains in a coin, sell if price keep dropping cause the market will always do what it wants.