I wouldn't have said this but I am much more concerned about the fact that we have been hearing so many people talking about holding Bitcoin for the long term and never selling. I find it so confusing that after investing so much in Bitcoin for years we won't want to sell our bitcoin till we die.
I've been buying Bitcoin since last year when it dipped in December i know it's not long. Since then I have held my bitcoin firmly regardless of the price increase this year I still decided to sit on it. Although I do not have enough Bitcoin because I have little money then if I were to sell my holdings now I would have 3 times of I invested.
Also, I have the belief that Bitcoin will keep breaking new ATH forever. Should I leave my Bitcoin forever without selling it or set a goal that I have in mind and when it reaches that goal I sell and take my profits?
What do you do?
On what principles guide your actions in the realm of Bitcoin (BTC)?
While there are some people who think this way, personally I see HODLing as a little bit of an exaggeration of what I really want to do with my crypto, which is to hold them for an extended period of time, take a little bit of it as profit and keep the rest within the system so I don't take off my feet on the proverbial door, and then rinse and repeat, until either bitcoin dies or I die. This is the concept I have been playing around with for a while now, and I'm pretty sure a good amount of people in this forum believes and behaves the same way as I do as well.
There's just some cases where you can't really do this though, in countries where crypto as a whole is banned, crypto preppers who airlock their cryptocurrencies to make sure they don't get stolen. And the sad,sad population of people who still had their hard drives with their bitcoins but forgot their password so they can't get a hold of the money that's in there.
The rest of us, we should be good with what we're doing right now, invest a lot, take out a little when the money grows, rinse and repeat.