HODL

JikoKanri

A crypto trader, down by twenty grand, Rushes to the doctor in despair. “I’ve lost it all—my coins have slipped like sand! Shitcoins I chased, but none of them were fair!” The doctor grins and nods, he's seen this scene, “You're riding waves that break too fast to catch. Ditch meme coins, tokens—treat them like caffeine, Stick with the orange pill and watch the match.” “Bitcoin?” he groans, “But it's so slow to rise! I want to catch the moonshots in their flight!” The doc replies, “Those shitcoins hide their lies. HODL some BTC, your path to light.” But still the trader clicks on every chart, Lured back by pumps, though profits fall apart.

liflafthethird

Do you realize that most of us are HODLing and see lower prices as an opportunity to buy more? It really helps understanding that fiat money is broken, and that bitcoin is the single scarsest asset in the world, and that it is totally decentralized, unseizable. Don't you see mass adoption is happening right now? Do as you please, but the best strategy is buy and HODL, don't trade, never sell.

Kmaroz

The way i see crypto is more for HODL instead of trade in future.

SuccotashFull665

I just think you need to buy high and sell low along with saying things like HODL and when lambo.

MrYoshinobu

I still believe in Polygon and still HODL it. But it's been so quiet lately and I have no clue what's going on with it. Perhaps it's the calm before the storm. Who knows.

lazylonewolf

Honestly, I'd still recommend normies get just 1% and just HODL it while they learn more about Bitcoin and the fiat system. *Then* can I suggest buying more BTC and match it to their preferred risk level.

Redditmau5

There’s investing and there’s gambling. If you invest DCA in and then HODL as long as your life will allow you and then the exit strategy is to DCA out. Have atleast a 10 year plan. I’m sorry that happened but lessons have to be learned. Most of us have gone through it and some are cheaper and more expensive lessons as well. Also if it’ll make you feel better you won’t be the last.

Doozii_

DCA and HODL is the safest method and once you get comfortable with that , price surges and drops are rewarding with a long term mindset and end game plan. Although I do believe we will see 80k before 50k it’s a good reminder to be prepared for anything .

Crypto-hercules

My plan is to gone until the next election and labour are out! Forced HODL.

CiaranCarroll

Making it harder for people to sell decreases supply. They don't want to do this. Bitcoin is very cheap to HODL, a person can HODL for decades and just work, continuing to stack until such a time that it is tax efficient to sell. Declaring war in bitcoin would work about as well as the war in drugs. They can drive it underground, but bitcoin thrives was born in the shadows.

TopEast1000

BTC is impossible to seize when properly stored. It must be voluntarily forfeited by its owner. A rise in BTC gains taxes would cause an outflow of wealthy BTC holders, an increased HODL rate in those who remain in the country as well as an increase in the size of the private exchange market. The higher the tax becomes, the higher the premium on privately exchanged BTC will be. Whatever attacks they attempt will ultimately fail. They cannot stop this train from reaching its destination.

redubshank

They likely already sold it. It's for campaigning so no reason to HODL.

Financial_Clue_2534

If the US imposes a high tax on transactions then selling would decrease. People will HODL until the economic environment changes or they move to a Bitcoin friendly country.

Btcmot

Haha. Phat thumbs. Incsnt figure out how to correct or edit a post. Keep HODL ing

TechnologyAdvanced80

He’s making a solid point. I get people are “100% HODL” types, while other people make sound hedges. It has done well so far, but no one knows the future. There’s the investor that has been holding for a decade who I understand being 90% in bitcoin. However I doubt there are many people with over 100K in bitcoin who aren’t diversified (percentage wise).

JNed99

HODL is the best way

Btcmot

Fear from lack of education. That is why. Keep up the HODL .

kesersozey

It's a really dumb idea flexing you have ANY bitcoin at all . If the fiat world collapses, fiat people will go crazy quickly. They'll resort to kidnap, torture, blackmail, etc, for even the smallest chance of getting their hands on your bitcoin when people are starving they become desperate. The ones who don't want your bitcoin will point the finger and blame you and other bitcoiners for undermining and destroying the fiat economic model they relied on for decades. They'll paint you as the enemy and you'll have a target on your back. Owning bitcoin could become very dangerous. Why take the risk in sign posting that? Quietly HODL for your kids and grandkids.

Amber_Sam

That's like picking up pennies in front of a steam roller. In the end you'll have **less bitcoin than Buy & HODL** strategy gets you.

onesculpt

The 42% tax could have several effects on Bitcoin adoption. On one hand, people might be discouraged from selling their Bitcoin for fiat, leading to a stronger ‘HODL’ mentality. This could further tighten Bitcoin’s supply, driving up the price in the long run. On the other hand, people might increasingly look for ways to use Bitcoin directly for goods and services, avoiding fiat altogether, encouraging direct Bitcoin transactions. This also shows that countries cannot simply ‘destroy’ Bitcoin by imposing high taxes or regulations. Instead, such measures might even enhance Bitcoin’s appeal as an alternative, independent financial system. It could trigger a wave of innovations in direct Bitcoin trading and the use of Layer-2 solutions like the Lightning Network, making a strategy to build a business on Bitcoin very future-proof. On the other hand, this could lead people to leave Italy, abandon the country, and result in significant economic losses, making the country poorer in the long run.

Chemfreak

You too. At this point I may die without unloading, I'm addicted to the HODL life.

liflafthethird

The best place is to save your bitcoin is in cold storage. But the cheaper cold wallets like a Trezor are like 70usb, and a really good one like coldcard (air gapped) is like 200 usd. Not sure if it is worth it for you, if you have no plans of buying more bitcoin over time. If you do not want to buy more bitcoin maybe look into a software wallet. This is a less secure option because the private key of your wallet is in an (encrypted) file on your computer which, in theory, could be downloaded and brute forced if someone managed to hack your pc. But I think it is a much safer option than leaving it on an exchange. If you want to HODL long term you could create the software wallet, transfer your bitcoin, and then remove the wallet from your computer and make sure you keep the seed phrase safe.

pg3crypto

The move is, was and always will be...HODL.

Glittering-Path-2824

It is-a time-a to HODL 🤌

codemonkeysh

OP - Italy simply wants people to HODL. This is their way of forcing it. Thank big brother, HODL and profit.

BrickSufficient6938

That's in that one category, leveraged funds. Same player can have long positions that's 100x that not to mention players that are forced to HODL (think ETFs) so yea one doesn't exclude the other. As we approach ath I'd expect that disparity to rise even more. Besides, it's number of positions, not their $ value, yes? Might be algorithms playing micro bets against portfolio they are designed to protect.

nomdeplume_alias

1. Buy ONLY BitCoin 2. HODL

DiedOnTitan

HODL until we elect law makers who are HODLers.

TheHardBack

People here love to throw money at meme/shit coins or scammy coins to gamble in hope of getting rich quick. Serious projects like Cardano are getting bashed because of low and crabbing price. They forget Bitcoin took 8 years to reach 1 dollar value while being ridiculed as lunatic nerd worthless currency. Time will tell, just HODL brother.

Infamous-Elk-5086

We all do... but what about HODL!?

G0alLineFumbles

Just HODL for another year at this point. Buying ADA in 2021 was like buying it in 2017/18 during it's previous bull. In Jan 2018 it hit .80 then fell to .03 during the market lows. It's no Dogecoin, but still number 11 in the market cap. So it hasn't faded too hard. If you were still hodling something like Nano or XMR then yeah sell as they spent a whole bull cycle away from their highs.

RoyKent12

Of course it could. Problem is, bro thought he was so smart and that Bitcoin would only drop further for him to buy back cheaper and it immediately moved 10k against him. You can't time this market. HODL.

jarviez

We should all HODL like a girlfriend throughout our seed phrases!

Large_Being_1635

HODL 💎💪

CryptonautMaster

I just heard buy and HODL

madmanmicka

HODL till you have nothing else you can sell for fiat. But cash out of it means time which is the only thing more valuable.

bananabastard

This, and the next, and the next. 100% HODL.

tbkrida

HODL gang!

Bubs999

If I HODL to my grave, I can't lose money 😎🤪

tsurutatdk

Don’t go all in when investing in memecoins. Diversify across other blockchains, and you can even explore memecoins on SUI. Start with Hippo and aim for long-term gains. HODL is the key.

Secret_Nobody_405

Haven’t you seen all the posts on reddit forums? Every man and his dog “bought BTC in 2012 and HODL”

Ok_Return_8482

You have to have a strategy in place. Be ready to sell when the market turns. Don’t just hold on to a cojn forever. It will go up, and then down, and then it will go up again. HODL is not a strategy.

thehealthyguy777

Buy and HODL for 10 years

tbkrida

Sounds like you have a high time preference, my friend.😂 Good luck with your HODL!

CriticalCobraz

You won't like my answer but you can only take profits by **selling** at a higher price you initially bought for. If you just HODL you will have unrealized profit/loss which doesn't count and most people here do just HODL. Daytrading is for uhmm... gamblers and most of the time they don't make/take profits. People who actually made live changing money with Crypto aren't on Reddit anymore

Gehrman_JoinsTheHunt

Bitcoin has had such a relatively short lifespan that any comparison to previous cycles is meaningless, IMO. Look at the stock market - for the past century, no two decades are quite alike. BTC will continue to surprise and defy expectations on all sides. All you can do is HODL and enjoy the ride.

YesImDifferent

Years ago, I bought SHIBA, Made like 300k in 30 days. Everyone told me to HODL, I didn’t listen. Sold. I could’ve made 600k if I held a little longer. Still happy I sold, if I would’ve held I never would’ve sold and lost it all.

Adept_Ferret_2504

You're 18. It's only 3000 dollars. That's not "a lot" of money for most people. If you truly believe you can HODL until 2030. Then I would do it. But you need to make sure you aren't going to dip into it under any circumstances.

cryptosadpanda

I got in since 2017 and been holding bags since. Some are dead coins and some are BTC and ETC so made it all up in total. HODL forever.

ParkerRoyce

If you stick to the top 3 BTC ETH LTC/XRP and DCA DCA DCA you'll be in a good spot no matter the highs and lows. Find the strategy that fits you best and for it. Only invest what your willing to lose ie cut Starbs out and go with homemade coffee and take the difference and put that into your crypto accounts. My approach has always been to DCA for the long run. Hopefully I can get in on ground floor of project in the future and make some serious cash flow that's the goal. Remember time in the market beats timing the market. HODL IM NOT A FINANCIAL ADVISOR, THIS IS NOT FINANCIAL ADVICE!

AdEducational1390

HODL FOR retirement!

Full-Guide-7713

We need British HODL to break spaghetti in their faces.

CoyoteCool151

Bitcoin at $69,420? I see the universe is confirming our memes once again. Next stop: $420,690 🚀💎🙌 #HODL

FIREWithCrypto

HODL in volatility?

rawlikethat

HODL

Zaphod_42007

Looks like it’s not finalized yet. Also says a tax on capital gains. Simplest work around is to HODL then use crypto as collateral on a low interest bank loan to avoid the tax.

Ald1337

I think Italy says enough with the choppy price action, wants everyone to HODL Bitcoin, never sell, make BTC price skyrocket whilst lowering reserves. Hahaha. Nice move Italy.

Cautious-Tale-978

So we HODL..

RoyKent12

You live and learn. I did the same in 2017. HODL

lVloogie

Damn you Italy! Or...maybe....they are trying to save their citizens with a forced HODL. It's genius.

Deaquire88

Thank you, everyone has been very helpful but I think your reply has been the most, insightful, so far. I'm going to answer each question to formulate my thoughts. I'm not sure if they were hypothetical or not. I've read a lot of books on trading and it seems the underlying problem, beyond lack of technical ability, is psychological. My plan is to trade full time following this cycle so these past 4 years have been a window to prepare myself, improve my TA knowledge, and dial in on my emotions. I stopped buying because of how much i'd already bought, some high, some low. I know the peak cycle should be next year so I wanted to see realised profits before committing more, I honestly think it's FOMO kicking in which is why I gave myself that rule to begin with. I am willing to HODL through, 4 and a bit years so far, another couple, three, four, I don't mind really - it's easy enough now. I bought some at 17k, it was too cheap not to and honestly it wasn't much at all. But i'm not upset I didn't buy at 30, 40 or 50k because it wouldn't have been sticking to my plan. I have to keep a tight reign on myself, incase greed should show its face. I will close positions when I see fit, and get my risk management into place when the market starts really heating up. I have to make sure that I don't get greedy. If I completely mistime it and close too early, I will still be happy that I stuck to my plan - i will still have made a lot of money. However, with the above said, do I think my plan needs readjusting? Yes. I follow a couple of very successful traders and I've witnessed them need to adjust their strategy. Someone else has also mentioned buy 2.5k and I think that is about as good as any plan I can prepare for myself. I enjoy fib levels, if I'm to start DCA'ing up or down, I guess I should re-familiarise myself with BTC levels sooner than I'd anticipated. Do you trade full time?

TopEast1000

Why did you form this plan to suspend buying until 2025? Was it just an arbitrary decision? What happens on January 1st that suddenly makes Bitcoin a smart buy as opposed to December 31st? Sticking to a plan is great if it’s a well formed plan backed by sound logic. It shows discipline and steadfastness. Sticking to a bad plan and being unable to adjust based on more current information only shows an inability to pivot when it matters most. If your $10k dips to $5-7k in the short term, are you willing to HODL it longer to ride out the short term volatility? Then it doesn’t matter when you buy. If it rips past $100k a few weeks post election, can you live with only buying 0.09 as opposed to the 0.14 your $10k can buy you today? Then stick to your plan. Do you think your plan needs readjusting based on the current situation and you want to prove to yourself you can pivot while not fully abandoning your original course of action? Choose a date over the next couple days/weeks to buy $2,500; see how you feel, and go from there. Play every decision out as far as you can in your own mind. Decide which choices you can live with and which ones you can’t. Then choose. You got this. I remember trying to decide if I should buy at $800 or wait to see if it went to $750 when I first started trading it. It’s all funny now. Turns out that wasn’t the decision that mattered. It was the decision to sell those coins at $2,700 that truly mattered. Make sure you’re worried about the right decision here.

noirbean

HODL forever to the moon

hiorea

I approve youR post. Profit is profit Also HODL but dont be the last one when music stops

Independent-Salt3366

It's all about how you HODL and take some profit

Timstertimster

i feel the same way. wishing i had bought in 2017 and HODL'd it since. alas.

masixx

What did you expect? Someone who can predict the future? Price prediction at micro scale (aka trading / day trading) IS gambling. Anyone seriously talking about this either wants your money or simply has not yet understood what he’s actually doing. If you want to increase your chances to become rich with any investment do three things 1. Understand what you invest in (fundamentals). In crypto this means a lot of tech doc and code reading. If you don’t have that just follow the mass (e.g. spread over top 5 or 10 coins with biggest cap) or someone you know for sure who has this knowledge and no motivation to talk people into something. 2. Prepare to HODL. Means: do whatever you need to not panic sell or buy. Part of this is only invest what you can easily afford to lose. But depending on your personal situation it might involve more. Don’t expect huge gains before at least 10 years. If you get there early: good for you. But that is not the usual way. 3. Get educated in economics, politics and follow the relevant news. Macro economics have a huge impact on any market AND outcomes can often be predicted pretty long before they are priced in because so many idiots focus on TA bullshit instead of simply knowing how big money operates and following their actions closely

Individual-Frame-712

If you are smart - you buy BTC and HODL

CloserEncounter

This will stick like HODL

Drizznarte

Just think of it in terms of volume. Today we had a big volume brought and sold , this is good. It creates resistance at this price point. We had another higher high. Traders are gona trade , the HODL strategy stays the same.

Actual_Rub9664

I am surprised most names aren't HODL. BC doesn't move enough for me to buy and sell . Even the jump before was only a 4% swing at best and to catch it maybe 2%. I hold very little BC in comparison to others but what I do will be long term.

fitforbitcoin

Today’s spike candle is never a great sign but well HODL anyway

fitforbitcoin

Today’s spike candle is never a great sign but well HODL anyway

Federal-Rhubarb-3831

It’s the same shit as trading cause you’re trying to time the market and that rarely doesn’t works. HODL!

2xfun

"HODL until peak bull": LOL as if this is easy.

SteveW928

Not necessarily. The note just says haven't been moved in 5 years. But, that could just be long-term HODL'rs I guess. That said, I think eventually the lost category will get relatively big.

DreamingTooLong

Exactly, I’m not sell everything…. I’ll sell enough for a house, car, and a foreign wife that’s 20 years younger than me. I’m 42 and I think someone 22 would be perfect. I’ll HODL the rest of my BTC for another 20 years so I can afford to swap first wife out with someone 10 years younger. 🤣 By the time I’m in my 60s, I would probably be happier with someone in their 30s than the same person that is now in their 40s.

Potatotornado20

Bitcoin’s only use case is HODL til we’re rich

Elrondarius

Yea, and very simple. Just 1.Buy 2.Send To HW and 3 HODL

telefawx

When someone from the US sends Western Union back to their family back in Venezuela, which I see regularly at Walgreen’s, CVS or Walmart. How easy is it for people to then use that money to engage in commerce? They can take that money and buy goods and services immediately. Vendors aren’t screwed by wait times and transaction fees. You say that long term it seems obvious, but you seem to not understand that people use money, they don’t HODL it. Let’s say someone wants to send $1,000 from the US to Venezuela. How much would it cost to exchange the $1,000 they received from their employer to bitcoin? How much would it then cost in transaction fees on the bitcoin network? How much would it then cost to take it from an exchange to local currency? Since vendors don’t take bitcoin unless they are retarded, they’ll need to interact in local currency. 

jarviez

I want to agree with your sentiment because the ETF issuers are regulated entities with a long teach record ... The history of Crypto exchanges is a history fraught with costodial theft and loss ... so ... I actually split my in IRA ETF purchases three ways between HODL, BTC, and BITB (with some MSTR stock added on for good measure) because each was using a different costodian at the time of issuance. They were also among those with the lowest fee structure. Is it diversity over kill? Almost certainly! But I figure that if one of them did have a scandal with lost or stolen coins that tanks the value of the ETF before I can trade out of it, at least I will still have 2/3rds of my investment intact.

cross0522

Some countries like Ecuador, you can purchase everyday things. Also, some companies are starting to accept BTC as payment. Probably because it is becoming more scarce, they just want your BTC. I never would spend my BTC. Use your melting ice cube (fiat) for spending & HODL your BTC!

Eierjupp

Yes and no. Maybe. HODL

Eurothrift

We just use the crypto algorithm which says buy high sell low or forever HODL your asset

StaccatoShots

Markets can remain irrational longer than you can remain solvent. Some would argue that is the very point of markets. And BTC/fiat is a market like any other. HODL. Pay less attention to charts and more attention to your custodial setup, inheritance plan, etc. Your gov't currency fluctuates wildly relative to ₿ because of irrational market participants. Do yourself a favor: don't mind the sheep.

twa89

Can't wait to see $HEGE shoot to the moon. Everything about this is quality, an easy HODL

dirodvstw

HODL literally means do nothing lil bro

Leboom1289

Until things are priced in bitcoin, HODL.

Jam3sYO

Tips for HODL HODL: delete everything and dont check for 10/15 years (or whatever) if your serious..

tbkrida

Just buy $5k worth and HODL. I don’t understand why people are so eager to complicate things and destroy themselves looking for a quick buck. Bitcoin is gonna appreciate nicely anyway so just hold some and relax.

Axeleater

All you guys looking to trade the coin in hopes of getting more. Timing the market.. I want more coin too! Difference is i buy it with my excess USD. My plan is simple, I'm going to strap in and raise my arms into the air!! When we get to the top and start dropping rapidly, I'll just buy more! Screaming and buying all the way down! We all know what we bought into. Btc goes up, Btc goes down. I'm not selling mine. Way too much global adoption these days. I only buy. HODL for a supplemental retirement fund. Always keep dry powder and buy big on 10%+ red days! Bring on mania!

hyper_jambon

Everyone says HODL but spending BTC like this makes sense. When spending BTC, spend it on something likely to make money or have long-term utility. In fact people have been known to sell BTC to buy dividend paying electrical utility stocks (because BTC was near an ATH and utilities were cheap). Over time dividends have gone up - and if you knew their present yield on cost for those shares, you would cry. Weirdly they regularly buy BTC with the about ½ those same dividends, rebuilding their BTC position with DCA. 

tbkrida

Oh. You’re trading BTC. I don’t do that, only HODL.

mister_archer

Its my job😒 not that bad though.. I don't do much work.. I look at charts, maybe fun of others selling their coins. Im A HODL engineer.

rottiesrule88

You spelled HODL wrong

fugogugo

HODL

Suspicious-Season-44

Look at the huge highs and lows in BTC's history. There are large windows of opportunity. The key is not to try to time "the peak" but rather somewhere even a bit close to it. You can be many months early and still do well. The hard part is watching it continue to go up after that without aping back in (or if you do, set careful stop losses). Definitely doesn't take a genius. You have months and months of mania to sell and months and months of despair to buy back in. DCA and HODL are good rules of thumb if you're new, or if you've been around for a while and find following the charts too mentally taxing. Different strokes for different folks!

Smoking-Coyote06

Like most others have said...HODL is the way for me. I got the ETFs in my retirement account and I'll start to cycle out of them this time next year. But my cold storage is being held for another 2 cycles

Soicethut

Nah everyone has their own plan, works for some and not for others. If you happen to sell at the peak and buy at the bottom then you are a genius. But everyone would be doing it if it was that simple. There are reasons why people repeatedly chant DCA and HODL and following basic rules (no fancy charts) in investing is actually the hardest part. So simple yet difficult because of our greed. Good lessons always come with a cost.

BigDeezerrr

I'm a simple man. If i need to make a large purchase, and Bitcoin isnt accepted, ill sell some to use it. Otherwise I mine fiat, pay all immediate expenses with it, and whatevers left is converted to Bitcoin for permanent HODL.