I really admire people capable of keeping bitcoins in their wallets for years without even moving them. I see wallets that their owners never moved coins from for 10 years and wonder how they do it. If you're a HODLer. when do you hope to sell? Would you cash out if Bitcoin soars to $100,000 or sit back and wait until it gets to a million?
ONLY for HODLers please. PLease share when you'll be happy to sell.
Almost all of us know about holding but not all can be actual holders. We have some holders who are willing to sell when the price is good and consider themselves as holders when the price falls. I think those who claim to be holders of bitcoins should not have such a view. By doing so he may lose his wealth despite being a Bitcoin holder. We should plan for the long term when it comes to investing in bitcoins. Those who truly intend to make their dreams come true with Bitcoin must avoid being swayed by the ups and downs of Bitcoin. At times the behavior of Bitcoin will go to such an extreme level that many cannot control it and sell their Bitcoins. But if one dreams of long-term investing in bitcoins, one should think that his bitcoins are lost. If I draw a fixed limit from the beginning, the bitcoins can be sold only when the expected level is reached. If we expect a big return from Bitcoin then of course holding it for 5 to 10 years I think it would be appropriate.