HODLing since 2013, never sold a satoshi. The storm will pass and one day we will see BTC above $1xx,xxx . Good things come to those who wait. Losers deserve buying crappy fiat: money without long-term value backed by the banks. BTC is being too nice to the people: offering them so many buying opportunities yet they don't see them. Let them stay poor.
Hate to break it to you, if you never sold any, you never made a profit.
Paper gains are not real gains, as real gains or losses only happen when you click sell.
So it does not matter if you own millions of dollars worth of bitcoin,
if you are never going to sell, you are poorer than those that do lock in a profit every now and again.
There is an old saying, if you don't use it, you lose it.
You are wrong. It is true that we will not be profitable if we just hold them and never sell them. Here he is saying he is waiting for bitcoin to hit $100k or higher then he will sell them and that is his target and I don't see anything wrong here. You will be a failure if you do not have a clear goal in investing. $100k isn't really a hard target for bitcoin, he held and didn't sell any bitcoins which was a very smart choice.
Some people like quick profits. I'm in for the long run because I know BTC's potential. I also know how poor fiat is. I'd never invest in crappy fiat. I base my decisions on this and I know I'll reap the profits when it's time to. I never said I'll never cash out, but it will be a small percent at a time, as I said, I know BTC's potential. Crappy fiat will remain crappy fiat.
drop in price of the entire market.Hodling is to those people who had been long time accumulating and to those who had bought on higher price but its not something simple as it sounds because stress and anxiety would really be there because we dont really like to see our investment on depleting in USD value.
Now its not really that ideal to sell on loss or panic sell but there are people who had already done this stuff and its sad.