Being new to Bitcoin I learned how a misspelling of the word 'hold' turned into HODL - a backronym or phrase standing for 'hold on for dear life' - - and this backronym is used often by a number of people.
So, my question is pretty simple. Is the recommendation to HODL Bitcoin, to hodl forever, or until the owner really, really needs (or really wants) currency for something important - with the intent to only sell a fraction of the BTC he has and continue hodling the remaining?
Just how do you define your hodling recommendation? Is it really forever or does it have any exceptions?
The word HODL, comes from misspelling, has taken root in Bitcoin. This HODL refers not only to holding Bitcoin for the long term but also to having confidence and faith in any adverse situation in the market. I think that in the case of Bitcoin, there is no chance of profiting by holding it for the short term. Those who can hold it for the long term will be ahead in implementing their goals. Those who invest in the short term get scared in any situation, and sometimes some even sell Bitcoin unfortunately. Those who can believe in holding Bitcoin do not have to be scared in such situations. Those who believe in holding it for the long term are the ones who succeed in holding Bitcoin.