Post
Topic
Board Bitcoin Discussion
Re: HODL...until when?
by
magnum1010
on 24/08/2021, 09:18:59 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?

My plan is to hold it for at least 5 or 10 years until I really need money. Also if I see a new big bull run and Bitcoin more than 100 000$ I will start selling, but of course not the whole amount. But now I stick to the strategy of buying small amounts every month, so my average price now is 34 000$ for BTC. You are right that it is pointless not to sell and fix profit at all, as Bitcoin even don’t give you dividends.