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Author Topic: Hodling ; What is , or What should be the target?  (Read 1551 times)

Online Mia Chloe

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Hodling ; What is , or What should be the target?
« on: October 01, 2024, 12:30:58 PM »
Yes it's a topic about hodling again so don't get tired of it . Like I mean we are bitcoiners here right? and hodling is pretty much one of the major things we do.  To start with, one thing that actually differentiates a bitcoin holder from an altcoin hodler is not only the trust we have in the volatility of bitcoin but also how long we could potentially hodl on to your coins without the fear of a sudden dip. So it isn't much of a big deal to see bitcoiners talk about hodling here and there since we pretty much do it many times.

Anyways , like the topic says, what should be the the target? Or rather what is the target. As a bitcoiner majority of us practice and talk about long term hodling and the question is how long is an average long term hodling supposed to last ?
Well someone may rush to say 4 years which is a nice time too because of the halving events. However what if such bitcoiner bought his coins 2 years before the next halving, would it still be long term?

Also for those that pinpoint their target with a particular fiat equivalent of say $100k , what is your target ? What if we hit $100k just a year and six months after our recent halving, will you still classify based on your target that you did  HODL for long term?

And for the Forever HODLERs 8) or should I say infinity HODLERs, what's your catch?
« Last Edit: October 01, 2024, 12:35:01 PM by Mia Chloe »
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Hodling ; What is , or What should be the target?
« on: October 01, 2024, 12:30:58 PM »

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Re: Hodling ; What is , or What should be the target?
« Reply #1 on: October 01, 2024, 06:33:53 PM »
Yes it's a topic about hodling again so don't get tired of it . Like I mean we are bitcoiners here right? and hodling is pretty much one of the major things we do.  To start with, one thing that actually differentiates a bitcoin holder from an altcoin hodler is not only the trust we have in the volatility of bitcoin but also how long we could potentially hodl on to your coins without the fear of a sudden dip. So it isn't much of a big deal to see bitcoiners talk about hodling here and there since we pretty much do it many times.

Anyways , like the topic says, what should be the the target? Or rather what is the target. As a bitcoiner majority of us practice and talk about long term hodling and the question is how long is an average long term hodling supposed to last ?
Well someone may rush to say 4 years which is a nice time too because of the halving events. However what if such bitcoiner bought his coins 2 years before the next halving, would it still be long term?

Also for those that pinpoint their target with a particular fiat equivalent of say $100k , what is your target ? What if we hit $100k just a year and six months after our recent halving, will you still classify based on your target that you did  HODL for long term?

And for the Forever HODLERs 8) or should I say infinity HODLERs, what's your catch?
You have a lot of questions, but I'll address the key points.
I'm currently holding BTC in my account, with the intention of holding until 2025 to realize profits at the peak. I don't want to be caught holding BTC through another crypto winter; I believe there's an opportunity to acquire BTC at a lower price in 2027.

My target price for BTC in this cycle is $100K-$150K. I've mentioned this in various discussions and have previously elaborated on it in my predictions. This will be the price zone at which I'm certain to take action. I'm a cyclical investor, I'm not part of the group that holds BTC forever.
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Re: Hodling ; What is , or What should be the target?
« Reply #1 on: October 01, 2024, 06:33:53 PM »

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Re: Hodling ; What is , or What should be the target?
« Reply #2 on: October 01, 2024, 07:42:08 PM »
I can't say I am a long term hodler myself but as long as I don't to withdraw my Bitcoins I'm holding it. For the target price, well, based on my previous replies on the same question from another topic $85k to $150k will do but since I hodl only for back-up purposes I don't know how long I can have mine. I also think of one thing since the inflation here in my country is getting more higher Bitcoin would be my perfect reserve.

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Re: Hodling ; What is , or What should be the target?
« Reply #3 on: October 01, 2024, 08:12:26 PM »
I always say that the goal you should have only tied to you, nothing else. Whatever amount you put out as your goal, will be your goal and can't be same with other people. I think half a million dollars is more than enough to retire for me, so lets assume that I retire with half a million dollars, for someone in sudan that would be too much, they can retire with a lot more, but for someone in Toronto or new york for example that would not be enough. So as you can see, you decide on your own goal and when you reach that goal, I suggest to stop, do not get greedy and actually start living your life.

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Re: Hodling ; What is , or What should be the target?
« Reply #4 on: October 01, 2024, 08:25:41 PM »
You have a lot of questions, but I'll address the key points.
I'm currently holding BTC in my account, with the intention of holding until 2025 to realize profits at the peak. I don't want to be caught holding BTC through another crypto winter; I believe there's an opportunity to acquire BTC at a lower price in 2027.
My target price for BTC in this cycle is $100K-$150K. I've mentioned this in various discussions and have previously elaborated on it in my predictions. This will be the price zone at which I'm certain to take action. I'm a cyclical investor, I'm not part of the group that holds BTC forever.
Yeah there really are a lot of questions, anyways your reply is quite interesting. Well from your reply the summary obviously suggests that you are a HODLER with a price target in mind. Well it's possible bitcoin hits your target price of about $100k even before 2025 and that of course is if we eventually get a good bullish push . Anyways chances still have it though that we may not hit $100k+ few months into or after 2025.

I can't say I am a long term hodler myself but as long as I don't to withdraw my Bitcoins I'm holding it. For the target price, well, based on my previous replies on the same question from another topic $85k to $150k will do but since I hodl only for back-up purposes I don't know how long I can have mine. I also think of one thing since the inflation here in my country is getting more higher Bitcoin would be my perfect reserve.
So far I think I'll come to a conclusion that almost everyone uses both time and a target price because if you check pretty much every one that has replied with their target price still have their mind on a particular time range too.
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Re: Hodling ; What is , or What should be the target?
« Reply #5 on: October 01, 2024, 11:39:41 PM »
In business, an investment that would last for one year is considered as Current (short) while assets bought and not sold within a year is Non-current (long). These are financial terms that you could also follow in crypto but I understand that there's a difference in every trader's point of view. There might be some that would call one year as too long to hold.

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Re: Hodling ; What is , or What should be the target?
« Reply #6 on: October 01, 2024, 11:57:48 PM »
I know it is good to set targets for your investments, but while holding BTC, i don't really think i have an intention of selling all of my coins at any point, i see it as an asset, and people don't end their relationship with their assets. Surely i will sell at different intervals, but not everything, just enough to cover other needs or enough to enter other endeavors, that is how i see it.

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Re: Hodling ; What is , or What should be the target?
« Reply #6 on: October 01, 2024, 11:57:48 PM »


Offline bitterguy28

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Re: Hodling ; What is , or What should be the target?
« Reply #7 on: October 02, 2024, 02:27:16 AM »
Anyways , like the topic says, what should be the the target? Or rather what is the target.
depends on you

i know most young people treat holding as a preparation for later on in life maybe to buy a house or a car or some business while some older people treat holding as their retirement plan so i do not think it is exactly about maximum profit for those who treat it for retirement but rather just making sure there is enough money for them to get by when they eventually stop working 
Quote
Well someone may rush to say 4 years which is a nice time too because of the halving events. However what if such bitcoiner bought his coins 2 years before the next halving, would it still be long term?
long term covers six months at least so i think yes i would consider it as long term already those who do short term are mostly known as traders well anyway some people do not plan on buying holding then selling then buying again when it dips the point of hodling is that you do not need to worry too much about your coins the only thing you want to be careful around is the time you will sell it for good so make sure that it is at its absolute peak

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Re: Hodling ; What is , or What should be the target?
« Reply #8 on: October 02, 2024, 05:38:07 AM »
...what should be the the target? Or rather what is the target. As a bitcoiner majority of us practice and talk about long term hodling and the question is how long is an average long term hodling supposed to last?

There should never be a standard and accepted definition as to how long should we be hodling Bitcoin. Why? All because we all have different goals with what we are doing here. One may believe 4 years is long-term or one may opt for 10 years. Therefore, it all boils down to one's preference. As for me, I am more with price rather than a period...means I would be hodling my small BTC until it would reach a certain price and if it can happen next month then that's it and if it can happen in 2025 and beyond then that would be my definition of my long-term.

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Re: Hodling ; What is , or What should be the target?
« Reply #9 on: October 02, 2024, 09:36:01 PM »
There should never be a standard and accepted definition as to how long should we be hodling Bitcoin. Why? All because we all have different goals with what we are doing here. One may believe 4 years is long-term or one may opt for 10 years. Therefore, it all boils down to one's preference. As for me, I am more with price rather than a period...means I would be hodling my small BTC until it would reach a certain price and if it can happen next month then that's it and if it can happen in 2025 and beyond then that would be my definition of my long-term.
You have a point . Every HODLERS has the freedom to define how long they want to HODL their coins and if that's so then there should be something more like an average time frame or something they would call their minimum time frame for such Hodling session to be called a long term one. Imagine someone who bought at say $49k during the recent dip period sells at our most recent $65k  bull, such a person logically didn't HODL for long term .

However someone might suggest that the person sold at the right price and that's if $65k was his initial target in mind. And that's the more reason I said before that long term hodling is more of a combination of both time and price target for most hodlers.
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Offline JoyMarsha

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Re: Hodling ; What is , or What should be the target?
« Reply #10 on: October 02, 2024, 10:09:47 PM »
Many of us as Bitcoin holders are tied on next year's major bull run for our Bitcoin sell-off. That time, you will see how some Bitcoin holders tend to sell their Bitcoin holdings. Some might decide some part of their Bitcoin are $100k price tag, some might even decide to sell all at once at that price and wait to the next bearish market around 2027 when the market will have a huge fall in price for them to begin to buy again to hodl till to 2030 when the halving and bull run will happen all over again

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Re: Hodling ; What is , or What should be the target?
« Reply #11 on: October 03, 2024, 02:20:16 PM »
Many of us as Bitcoin holders are tied on next year's major bull run for our Bitcoin sell-off. That time, you will see how some Bitcoin holders tend to sell their Bitcoin holdings.
I know that there's been a lot of talk about BTC getting to $100k, but i don't think so many people are going to sell every BTC they have once BTC is at that price, i don't see that as a smart plan or decision. It is normal to sell some, and do something else with the money, but if you sell everything, in a short time you will be trying to buy back some BTC for yourself.

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Re: Hodling ; What is , or What should be the target?
« Reply #12 on: October 03, 2024, 09:37:53 PM »
I know that there's been a lot of talk about BTC getting to $100k, but i don't think so many people are going to sell every BTC they have once BTC is at that price, i don't see that as a smart plan or decision. It is normal to sell some, and do something else with the money, but if you sell everything, in a short time you will be trying to buy back some BTC for yourself.
For me personally, it's normal to sell a portion of my BTC holdings at an ATH price of $100k because that's my closest target at the moment.
Taking a little profit is also necessary to do, rather than just holding back without any end.

I sell to buy again at a lower price or when there is a market crash, so it will be a good opportunity to start re-entering.

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Re: Hodling ; What is , or What should be the target?
« Reply #13 on: October 03, 2024, 10:56:26 PM »
Holding is nothing in my view, you need to be an accumulator, now it's up to you which kind of accumulator you want to be, a regular accumulator and profit broker or any other type, In my view it is good that you should accumulate and book some profit on good modes of the market it can help an accumulator to boost his total holding. As for now in the short-term approach it's better to hold until the $100k.
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Offline joniboini

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Re: Hodling ; What is , or What should be the target?
« Reply #14 on: October 04, 2024, 02:23:46 AM »
In my view it is good that you should accumulate and book some profit on good modes of the market it can help an accumulator to boost his total holding. As for now in the short-term approach it's better to hold until the $100k.
Are you referring to swing traders? I'm not sure what accumulator means in this case. Sounds like you're suggesting we buy Bitcoin regularly but sell at specific intervals. On the other hand, there is a DCA element in your suggestion since you mentioned total holding.
Taking a little profit is also necessary to do, rather than just holding back without any end.
Yeah, I regret not doing so because I failed to secure a decent profit from my holding. While I don't particularly monitor the market since I know volatility can screw with my emotion, I plan to sell some of my stash when I feel like we're reaching the top of a bull run. Hopefully, I can time it well so I don't end up with another regret.

 

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