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?
Although the real concept of HODL was not initially hodling for dear life, but speculation made it look thus it was HODLing for dear life. but i will tell you that buying bitcoin and holding is just a way of securing asset for future usage. maybe it could be for retirement purpose or for transferring wealth to your younger generation. when the time is right to withdraw or sell your bitcoin, you dont need permission from anyone on how to sell it, after all you are the one that invested it and have the total control and decision making and not for others to detect for you. so each of us have our goal to achieve and not public goal, just invest and withdraw at your own comfortable time.