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?
There should be some amount of bitcoin that you may hold for your lifetime and never sell. Maybe the next generation may get the benefit of that holding if not us. This is similar to people buying and holding land and property for life and never selling it, no matter how high the price reaches.
However, over the last few years, as we have known the bitcoin 4-year cycle, it is better to sell some bitcoin at the bull market peak and then buy back in the bear market. This way you can increase your bitcoin holding too.