Quote from: Hatchy on Today at 02:42:51 PM

Quote from: Litzki1990 on Today at 02:21:49 PM

we can fulfill our hopes by investing in Bitcoin.

Well, I think he or she never intended to invest in Bitcoin for the long term gain or profit. Sometimes during the period of HODLING, we might be faced with many temptations or problems that might want to make us use up our investment. That's why it's usually adviced to have a job or something that could generate you more income during the period of HODLING your Bitcoins.

For the above mentioned person, he obviously must have spent all of his investment to run his wedding in fullest. It's good to have other sources of earnings while HODLING Bitcoin to avoiding you missing out on the profits you should have made after you had already sold your btc. I know of a friend who recently sold his Bitcoin during this period when Bitcoin was around 34k-35k he actually needed funds to do something's because the one he was expecting had not arrived just yet. After he sold his coins. He said the market moved to 36k/37k which we are currently in now and sooner he started regretting why he had sold his coins. So what I'm saying is that, if you are allocating particular amount of Bitcoin for your long term hodl, it should be there to serve it's purpose as a long term investment fund.

As you seem to be suggesting Hatchy, the example also does not seem to be a good way to show what kinds of things we are trying to talk about in this thread in terms of ways to manage your bitcoin investment for the long term considerations.

Quote from: Ndabagi01 on Today at 04:47:33 PM

After investing, one can continue to learn more, but this should not impact the fundamental thing that each investor does in the long run. hodl for a long time and sell at a later profit after the bull run.

I would hate to imply that anyone should be thinking about selling all of their bitcoin, because then the just get into fucking around with trading and trying to figure out when to get back in if the goal is to continue to hold bitcoin but just to buy more cheaper... and so if you end up being 5-20x in profits then why would it matter so much if you trim off 10% of your holdings at 5x or 20x.. or maybe you figure out some way of managing your holdings so you never really end up selling all of it, even if there might be some periods in which you might choose to sell larger portions, such as 30% of your holdings (which if you are greatly in profits might constitute several times the amount that you initially invested).. so why sell it all, unless you are planning to die soon? if you do sell it all, then where are you going to put it that would be better than being in bitcoin?