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Author Topic: Don't forget to HODL your BTC!  (Read 12333 times)

Offline Obari

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Re: Don't forget to HODL your BTC!
« Reply #75 on: July 01, 2024, 10:31:29 AM »
Title.

Whales are going to start selling like last cycle. (If they haven't already.  ::))

Don't fall for the trap. Don't sell unless you absolutely have to!

Bitcoin is freedom. Do not sell your freedom. HODL it until fiat becomes less popular than bitcoin. Give it to your grandkids if you have to. Do not sell your freedom.
Frankly bitcoin is freedoms and your post is one of the finest I’ve seen in form of advice for people to hodl and continue holding and if you don’t know what to do, give it to your grandchildren and it make it seem like you’re transferring freedom to them.
Hodling is not for the weak and not actually an easy task especially for people that are struggling to hold or looking up to their holdings to save them someday and personally, I think for one to be a success holder, such a person should or ought to have other streams of income else, there might be situations where one might and will be tempted to sell their holdings and you wouldn’t even have to blame them when such a time comes.
My signature is open

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Re: Don't forget to HODL your BTC!
« Reply #75 on: July 01, 2024, 10:31:29 AM »

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Offline Asiska02

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Re: Don't forget to HODL your BTC!
« Reply #76 on: July 01, 2024, 10:45:38 AM »
Bitcoin is freedom. Do not sell your freedom. HODL it until fiat becomes less popular than bitcoin. Give it to your grandkids if you have to. Do not sell your freedom.

What about those that only own bitcoin for profitability sake? You can’t change their mind into not selling when whales begin to sell. That means what they’ve invested in will begin to drop abruptly and you can’t convince a losing man into not selling their assets when it is probably dropping and they’re going to be in big loss.

Bitcoin is indeed freedom and if you can pass it on to your children, it will be the best thing you would have done for them. But don’t make your love and good will for them in the future make you suffer when you can as well enjoy the best moments of your life. Do the needful for them but don’t overdo it.

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Re: Don't forget to HODL your BTC!
« Reply #76 on: July 01, 2024, 10:45:38 AM »

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Re: Don't forget to HODL your BTC!
« Reply #77 on: July 01, 2024, 12:08:56 PM »
Hodling is not for the weak and not actually an easy task especially for people that are struggling to hold or looking up to their holdings to save them someday and personally, I think for one to be a success holder, such a person should or ought to have other streams of income else, there might be situations where one might and will be tempted to sell their holdings and you wouldn’t even have to blame them when such a time comes.
Well, this is the point that must be put forward and reminded by beginners who come to invest in Bitcoin. Because Hodling is not as easy as you imagine. Only those who truly believe in Bitcoin's long-term potential can do so. And only those who enter with truly cold capital can calmly keep a tight grip on the collected bitcoins. But for anyone who sells when they make a profit, it is normal. And there's nothing wrong with that. Because many people are tempted to take advantage and buy back when a correction occurs.

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Re: Don't forget to HODL your BTC!
« Reply #78 on: July 01, 2024, 05:44:03 PM »
Hodling is not for the weak and not actually an easy task especially for people that are struggling to hold or looking up to their holdings to save them someday and personally, I think for one to be a success holder, such a person should or ought to have other streams of income else, there might be situations where one might and will be tempted to sell their holdings and you wouldn’t even have to blame them when such a time comes.
Well, this is the point that must be put forward and reminded by beginners who come to invest in Bitcoin. Because Hodling is not as easy as you imagine. Only those who truly believe in Bitcoin's long-term potential can do so. And only those who enter with truly cold capital can calmly keep a tight grip on the collected bitcoins. But for anyone who sells when they make a profit, it is normal. And there's nothing wrong with that. Because many people are tempted to take advantage and buy back when a correction occurs.
Anyone can advise on long term investment in Bitcoin as it is a common advice.  Everyone knows that long-term investment in Bitcoin is sure to yield profits, but not everyone has the patience to hold until they invest.  Many people after investing in Bitcoin fear that the price of Bitcoin will drop and they will lose.  Investing for the long term is as simple as thinking, but in reality it is much more difficult.  Although many believe in Bitcoin, they have to manage their lives to sell Bitcoin due to their poor financial condition.  Due to many such problems making long term investment is very difficult for everyone
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Offline doc

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Re: Don't forget to HODL your BTC!
« Reply #79 on: July 02, 2024, 07:35:43 AM »

Anyone can advise on long term investment in Bitcoin as it is a common advice.  Everyone knows that long-term investment in Bitcoin is sure to yield profits, but not everyone has the patience to hold until they invest.  Many people after investing in Bitcoin fear that the price of Bitcoin will drop and they will lose.  Investing for the long term is as simple as thinking, but in reality it is much more difficult.  Although many believe in Bitcoin, they have to manage their lives to sell Bitcoin due to their poor financial condition.  Due to many such problems making long term investment is very difficult for everyone

Many of the members here are of the opinion that for long term holding we should use free money, because free money will not be disturbed by needs.  We can hold for 3 years, and buy during the bearish season, making purchases when bearish is the right thing, because when the market experiences fluctuations, we won't panic.  The money we use is free and will not be needed in the near future.

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Re: Don't forget to HODL your BTC!
« Reply #80 on: July 02, 2024, 05:02:14 PM »

Anyone can advise on long term investment in Bitcoin as it is a common advice.  Everyone knows that long-term investment in Bitcoin is sure to yield profits, but not everyone has the patience to hold until they invest.  Many people after investing in Bitcoin fear that the price of Bitcoin will drop and they will lose.  Investing for the long term is as simple as thinking, but in reality it is much more difficult.  Although many believe in Bitcoin, they have to manage their lives to sell Bitcoin due to their poor financial condition.  Due to many such problems making long term investment is very difficult for everyone

Many of the members here are of the opinion that for long term holding we should use free money, because free money will not be disturbed by needs.  We can hold for 3 years, and buy during the bearish season, making purchases when bearish is the right thing, because when the market experiences fluctuations, we won't panic.  The money we use is free and will not be needed in the near future.
What do you mean by free money? Idle money? Or the money received from Bounty, Signature or Airdrops? I think it's not free for any money. What you are earning through your talent and labor is your hard earned income so they can never be free. Lazy money should always be invested in Bitcoin or other strong assets that you won't need in your day-to-day life because you will have enough money to cover day-to-day expenses. Then that investment does not concern you too much. And only then you can hold Bitcoin long term without any worry.
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Offline UNIVERSE

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Re: Don't forget to HODL your BTC!
« Reply #81 on: July 02, 2024, 06:57:25 PM »
Many of the members here are of the opinion that for long term holding we should use free money, because free money will not be disturbed by needs.  We can hold for 3 years, and buy during the bearish season, making purchases when bearish is the right thing, because when the market experiences fluctuations, we won't panic.  The money we use is free and will not be needed in the near future.
It is the basic matter about the capital used for crypto investment. If we want to hold Bitcoin for a long or short term, we must use free money or safe money that we can afford to lose. This funds isn't the funds for basic necessities, it should be excess money that is not intended for anything. In this way, we can use the money freely without any pressure to get back the money very soon. Sure, sometimes it will take 3 years or more for holding. If we invest in crypto to take profits soon, we can't invest in Bitcoin.


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Re: Don't forget to HODL your BTC!
« Reply #81 on: July 02, 2024, 06:57:25 PM »


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Re: Don't forget to HODL your BTC!
« Reply #82 on: July 03, 2024, 07:25:18 AM »
There are many people who have long held bitcoins who would do well if they could hold on to the present or until 2025.  Because the bull run has not happened yet.  As we all know Bitcoin is one of the most expensive cryptocurrency out there.  There are many people who panic because of social media and misinformation so be careful of those aspects.

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Re: Don't forget to HODL your BTC!
« Reply #83 on: July 04, 2024, 08:46:17 PM »
There are many people who have long held bitcoins who would do well if they could hold on to the present or until 2025.  Because the bull run has not happened yet.  As we all know Bitcoin is one of the most expensive cryptocurrency out there.  There are many people who panic because of social media and misinformation so be careful of those aspects.
Holding bitcoin until next year is something that will allow us to make a profit, but there are still many people who are panicking at the current market conditions because the market seems to be experiencing a very deep correction. stay calm and wait until next year, because many predict the bullish season will occur early next year. So if we still have bitcoin and some potential altcoins it's best to hold on.

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Re: Don't forget to HODL your BTC!
« Reply #84 on: July 05, 2024, 10:53:59 PM »
There are many people who have long held bitcoins who would do well if they could hold on to the present or until 2025.  Because the bull run has not happened yet.  As we all know Bitcoin is one of the most expensive cryptocurrency out there.  There are many people who panic because of social media and misinformation so be careful of those aspects.
That's the reason why one should focus on hodling rather than listening to the misinformation spread on social media.

When an investor has their mind placed on hodling their bitcoin for long, they hardly get moved to what negative news they heard about bitcoin that will make them sell their bitcoin before the time they want to.

This time around, as the market experiences the correction of bitcoin, it will be an idea to keep applying a DCA method and not sell out of fear that bitcoin won't recover

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Re: Don't forget to HODL your BTC!
« Reply #85 on: July 06, 2024, 01:07:08 PM »
only holdings are the least risky. Holdings will increase your capital as well as reduce the risk of your investment. The value of Bitcoin often increases over the long term, so if you hold it for a long time, it will increase your capital a lot. So keep yourself away from trading and devote yourself more towards holding. It will give you more profit with less risk than trading.
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Re: Don't forget to HODL your BTC!
« Reply #86 on: July 06, 2024, 09:39:43 PM »
Title.

Whales are going to start selling like last cycle. (If they haven't already.  ::))

Don't fall for the trap. Don't sell unless you absolutely have to!

Bitcoin is freedom. Do not sell your freedom. HODL it until fiat becomes less popular than bitcoin. Give it to your grandkids if you have to. Do not sell your freedom.
I think now time to Buy Bitcoin. We saw few days ago Bitcoin hit new ATH. It was $73k and now Bitcoin price gradually increasing decreasing. Now Bitcoin price is near about $57k. I think now Bitcoin price decreasing but withing shot time. So it is high time to buy Bitcoin and it for Hold. I think who will buy Bitcoin in this dip he will be benefited there has no doubt. So my advice Don't sell your Bitcoin now. Now time for hold.
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Re: Don't forget to HODL your BTC!
« Reply #87 on: July 11, 2024, 04:01:00 AM »
I think now time to Buy Bitcoin. We saw few days ago Bitcoin hit new ATH. It was $73k and now Bitcoin price gradually increasing decreasing. Now Bitcoin price is near about $57k. I think now Bitcoin price decreasing but withing shot time. So it is high time to buy Bitcoin and it for Hold. I think who will buy Bitcoin in this dip he will be benefited there has no doubt. So my advice: Don't sell your Bitcoin now. Now time for hold.

I am always a believer of buying on the dip as surely Bitcoin will eventually recover what it lost and can even surge in a short notice. The price when I am writing this reply is around $58K and there is a big possibility that anytime it can still go down as selling pressures from different sources are still hanging on the Bitcoin market. For people who have already Bitcoin, this is not the best time to sell as they can just be adding more pressures and they can get the price they don't deserve. Hodling is the key and of course if you still have money to invest we should be adding more to our portfolio as this is surely an almost guarantee path to gains and profits.


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Re: Don't forget to HODL your BTC!
« Reply #88 on: July 11, 2024, 09:01:27 AM »
I am always a believer of buying on the dip as surely Bitcoin will eventually recover what it lost and can even surge in a short notice. The price when I am writing this reply is around $58K and there is a big possibility that anytime it can still go down as selling pressures from different sources are still hanging on the Bitcoin market. For people who have already Bitcoin, this is not the best time to sell as they can just be adding more pressures and they can get the price they don't deserve. Hodling is the key and of course if you still have money to invest we should be adding more to our portfolio as this is surely an almost guarantee path to gains and profits.

Investing only by buying dips is not an ideal investment. If it doesn't dump at the price you expected, you'll lose the opportunity to buy bitcoins and you might end up disappointed. No one can ever predict Bitcoin price. You are not properly aware of the lower limit and upper limit of the price. Waiting to buy on the dip can make you regret missing the buying opportunity.

So instead of waiting for a dip, buy bitcoins regularly and keep increasing the amount of bitcoins in your portfolio. Averaging the lows and highs will make you more profitable if you sell after a long period.
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Re: Don't forget to HODL your BTC!
« Reply #89 on: July 11, 2024, 02:20:49 PM »
Investing only by buying dips is not an ideal investment. If it doesn't dump at the price you expected, you'll lose the opportunity to buy bitcoins and you might end up disappointed. No one can ever predict Bitcoin price. You are not properly aware of the lower limit and upper limit of the price. Waiting to buy on the dip can make you regret missing the buying opportunity.

Yes, you can use the DCA strategy which many people who are into Bitcoin are into. However, not all people are into DCA so they prefer to wait for a dip then they add more to their BTC portfolio. When one is already oriented with how Bitcoin works, there is no space to get disappointed in any way. I can see that we all have our ways and means while investing in cryptocurrency according to preference and taste for risks and rewards. The most important thing is that one is continually adding into his/her wallet and then hodling them for the long-term.


 

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