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.
Some of those wallets have forgotten their seed phrase and they can't get access to their Bitcoin that's why they haven't moved their Bitcoin for many year. We're just assuming that they're holding but they're not and what happens when those Bitcoin get moved is that they later find their seed phrase and can get access to their Bitcoin so they take profits. Bitcoin getting to $100,000 is a big profits from the present price therefore I'll take profits and wait.
Bitcoin doesn't go up all the time, sometimes it'll drop price and when that happens I can buy back my Bitcoins., taking profits is important when investing and also when trading so we can be sure of the profits we have made as the market is too volatile and can make us become not profitable after we were ones making big profits. Holding isn't for everyone but for some individuals with patience.