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?
What I often hear is that Bitcoin is held until its value really rises, so that when that happens, the hodler will have already made a significant profit. When that happens, they won't sell their entire Bitcoin, because they only need a portion of it to sell. So, from the explanation I've given, we can conclude that a Bitcoin hodler here keeps their funds safe, and perhaps could be called a Store of Value or even more.
You might be asking, how can someone hold their Bitcoin long-term? (That's what I often hear from newbies in crypto, or especially in Bitcoin), the answer is that we have to start from the bottom, namely saving Bitcoin from other sources of income, and try not to disturb the Bitcoin that has been held, making Bitcoin installments, so that it will accumulate, and then we can enjoy it someday.