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?
It's not recommended to HODL Bitcoins forever because if we all hodl, then people won't be able to buy Bitcoin to actively use it for paying for different services. If we don't let people to buy Bitcoin and actively use it, then people will not become interested in Bitcoin and will use altcoins for making purchases and I believe that in order for Bitcoin to be popular and widespread, it has to be in circulation, HODLing will kill the coin.
Btw there is also another thing, governments and big corporations want to buy and HODL Bitcoins, we should keep our coins far from their hands. Btw I still think that you should hodl as long as it's better for you. If you hold Bitcoin for a few decades and die without using them, that's not a healthy habit to my mind.