I've been in this crypto space for a while now and there is this mentality instilled in people that seems selling ones coin is bad and one is heading to failure which is very wrong at least from my perspective.
I've always been on the track that investing in Bitcoin simply means buying low and selling high, which I think is one of the keys to success in the crypto Industry. I always tell people that the moment you buy at a certain price and it starts rising possibly to a price that you feel ok and contented with, then you should feel free and confident to sell atleast to get the profit first and always use stop loss just incase the price drops, rather than having a little portion of Bitcoin and letting it get liquidated just because you want to preach and prove HODLing, trying not to feel odd.
You've got some points there as buying when low to sell when high is definitely some principle to success in cryptos and most especially bitcoin but, its got some twists as well. Highs are always for a time and you really lose nothing by hodling even if the market should drop or go bearish. The twist in selling at a high which is predefined by you is that, it could always make another high from your pre-establsihed high and then, it would iche to have sold earlier. Also, the market might not go bearish for another year and having to wait for an entry to open at a low might not happen. Should you buy, you might as much be relinquishing all the profits you thought have gotten back to the same market.
~ Do people hodl just because others are HODLing?
~ Why do people hodl rather than sell and buy again when low
~ What is your major reason for HODLing and how do your survive the bear market?
~ People hodl because they are convinced to, because bitcoin can't liquidate to zero and they've seen what it has become in years.
~ This is mainly because of the unpredictable nature of the market.
~ I hodl because, its not more of an option for me, I use what I must and when I must plus, have got fiat to support from other streams.