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Poll

So you get a BTC or 100k. To hodl for exactly 1 year what do you pick.

100k
1 (8.3%)
1 BTC
10 (83.3%)
I would want 50k and 0.5 btc
1 (8.3%)
Damn I would not want to guess.
0 (0%)

Total Members Voted: 12

Voting closes: July 09, 2024, 10:48:54 PM

Author Topic: What would you want to have and hodl for 1 year?  (Read 907 times)

Offline Lucius

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    10 Poll Votes Karma Bad Topic Starter
Re: What would you want to have and hodl for 1 year?
« Reply #30 on: April 21, 2024, 12:51:08 PM »
For me, the answer is quite simple, I would always choose BTC because I think it is superior to any other currency - and this is especially true for those currencies that are drastically losing their value. For those who have strong national currencies such as US dollars or euros, things may be a little different, but even with the insurance provided by banks in the EU, I would feel safer keeping 1 BTC in my "bank" than $100k in a traditional bank.
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Re: What would you want to have and hodl for 1 year?
« Reply #30 on: April 21, 2024, 12:51:08 PM »

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Offline Fivestar4everMVP

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Re: What would you want to have and hodl for 1 year?
« Reply #31 on: April 21, 2024, 01:37:32 PM »
I thought about this a long time. Having to hodl the btc or the 100k for a year makes this a tough call. 

I think I would take the cash.
😂, I don't think there is anything tough here, and beside, while answering the pool, I made the wrong choice, I choose 1 BTC, I was actually going to choose $50k cash, and 0.5 BTC.

Why choose to hold $50k cash and 0.5 BTC? You may want to ask..

Well, the answer is simple, we all know that Bitcoin is a very volitile asset, which means, the price may go up, and may go down in different period inside the 1 year I am to hold, and as well, holding cash brings little to no benefit to me, in fact, I stand a chance of the cash getting devalued due to high inflation and so on, so, this makes holding bitcoin a top priority for me.
Now, why I need to hold $50k in cash, and 0.5 bitcoin is because, I need to cash to buy more bitcoin if and when the price drops, if I dca with the $50k cash, there is the possibility that by the end of the one year, I might have over 1 bitcoin, and still have some change left in cash to spend on other things while I continue to hold my over 1 bitcoin as a future investment.
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