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Author Topic: Don't forget to HODL your BTC!  (Read 12448 times)

Offline Dr.Bitcoin_Strange

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Re: Don't forget to HODL your BTC!
« Reply #150 on: August 05, 2024, 09:52:46 AM »
Agreed, What you said is very important, Especially for those who still do not know how to invest properly. Many of them just enter the exchange and buy Bitcoin But they are still confused about how to get big profits from Bitcoin. We also see that the price of Bitcoin has collapsed again and this is a very good opportunity to apply the DCA method to buy Bitcoin.

The majority of the individuals cannot afford to invest regularly in Bitcoin so buying Bitcoin just at once will be enough for them and by holding longer they can earn money easily.

The price of Bitcoin was higher but now it is not so much high as decrease happens recently therefore people still have time and chance to invest in Bitcoin. People should remember that lower worth is not a bad thing but due to lower worth successful people are getting profit because if the price always remains in elevation then there will be no bear and bull season and it will be difficult to make money through Bitcoin investment.
One can choose to invest in Bitcoin using the lump sum strategy or using the DCA strategy, any strategy you feel will be better for you is not a problem however if you don't have huge amount of money which you can use to accumulate a good number of Bitcoin known as the lump sum strategy then you can accumulate little by little which is the DCA strategy, a lot of people are using the DCA strategy and are accumulating good number of Bitcoin and holding unto it, any strategy that is good for you will be the best strategy to use.

The fall of Bitcoin price should not be seen as a bad thing because the fall in Bitcoin price is an opportunity to accumulate more Bitcoin, and not a time to panic, if you check or go through the history of Bitcoin you will find out that Bitcoin fall in price sometimes and also rise that is how it has been for long now.
Anyone holding Bitcoin for a long term shouldn't be worried about the dip in Bitcoin people that always panic are Bitcoin traders because they invest in a very short time.

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Re: Don't forget to HODL your BTC!
« Reply #150 on: August 05, 2024, 09:52:46 AM »

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Offline EluguHcman

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Re: Don't forget to HODL your BTC!
« Reply #151 on: August 05, 2024, 10:08:37 AM »
Well, atleast I have got a reason why investors has always preached "Don't sell your Bitcoin nomatter what".
They talks a lot not to sell your coins yet so then I asked, what then is the right time to sell since we are being convinced not to sell even when we have made lot of profits?.

I was unable to be convinced but here in this thread I found some vital reason. That is to say Investors investing on Bitcoin is best for inheritance huh? Lol .

I pretty feel I was a rich dude to put this up personal and it would be a great planned future if we can actually set the pass of investing on Bitcoin on behalf of the future generation because the economy of now is not promising that it would better tomorrow and Bitcoin has seem the only shield to encounter it.
It is definitely a good one from you OP but I myself is not even up to an average standard yet so holding my Bitcoin for the next generation when I don't have enough to face the financial demands of now may even linger to the wipe out of me and my offspring due to starvation, lack of good medics and some other essentials in demands to mankind to stay alive and healthy.

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Re: Don't forget to HODL your BTC!
« Reply #151 on: August 05, 2024, 10:08:37 AM »

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Offline SmartGold01

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Re: Don't forget to HODL your BTC!
« Reply #152 on: August 07, 2024, 05:55:19 PM »
Well, atleast I have got a reason why investors has always preached "Don't sell your Bitcoin nomatter what".
They talks a lot not to sell your coins yet so then I asked, what then is the right time to sell since we are being convinced not to sell even when we have made lot of profits?.

I was unable to be convinced but here in this thread I found some vital reason. That is to say Investors investing on Bitcoin is best for inheritance huh? Lol .

I pretty feel I was a rich dude to put this up personal and it would be a great planned future if we can actually set the pass of investing on Bitcoin on behalf of the future generation because the economy of now is not promising that it would better tomorrow and Bitcoin has seem the only shield to encounter it.
It is definitely a good one from you OP but I myself is not even up to an average standard yet so holding my Bitcoin for the next generation when I don't have enough to face the financial demands of now may even linger to the wipe out of me and my offspring due to starvation, lack of good medics and some other essentials in demands to mankind to stay alive and healthy.
holding is choice also selling is choice.
What i understand is that when making investment you should choose your plans and when the plans are met then you don't need to wait for any person to come tell you to hold or not what matters is if you have achieved what you wanted and you do then there's no need to hold unless you already decided to hold for decades, maybe for like 8 to 12 years at this point even though the market is turning down to zero you don't have to be moved until you reached your desired year before selling your investment.

Offline doc

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Re: Don't forget to HODL your BTC!
« Reply #153 on: August 07, 2024, 07:48:48 PM »
holding is choice also selling is choice.
What i understand is that when making investment you should choose your plans and when the plans are met then you don't need to wait for any person to come tell you to hold or not what matters is if you have achieved what you wanted and you do then there's no need to hold unless you already decided to hold for decades, maybe for like 8 to 12 years at this point even though the market is turning down to zero you don't have to be moved until you reached your desired year before selling your investment.
Hold and sell according to your wishes and beliefs based on the analysis you have. because we can decide to sell if the target we set at the beginning is met. Looking at current market conditions, it is best to hold on to buy if you still have the funds to buy

Offline JoyMarsha

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Re: Don't forget to HODL your BTC!
« Reply #154 on: August 08, 2024, 12:11:03 AM »
holding is choice also selling is choice.
What i understand is that when making investment you should choose your plans and when the plans are met then you don't need to wait for any person to come tell you to hold or not what matters is if you have achieved what you wanted and you do then there's no need to hold unless you already decided to hold for decades, maybe for like 8 to 12 years at this point even though the market is turning down to zero you don't have to be moved until you reached your desired year before selling your investment.
Hold and sell according to your wishes and beliefs based on the analysis you have. because we can decide to sell if the target we set at the beginning is met. Looking at current market conditions, it is best to hold on to buy if you still have the funds to buy
This is just to say that every one of us has to set a price for what we want to sell our Bitcoin. You can set your selling price at $100k or above. But make sure you sell your bitcoin the moment it reaches that amount. Don't let greed make you miss the selling price you set for yourself, which may even result in, selling later at a lesser price than what you never bargained for, at the initial time

Offline EluguHcman

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Re: Don't forget to HODL your BTC!
« Reply #155 on: August 08, 2024, 04:06:38 AM »
Well, atleast I have got a reason why investors has always preached "Don't sell your Bitcoin nomatter what".
They talks a lot not to sell your coins yet so then I asked, what then is the right time to sell since we are being convinced not to sell even when we have made lot of profits?.

I was unable to be convinced but here in this thread I found some vital reason. That is to say Investors investing on Bitcoin is best for inheritance huh? Lol .

I pretty feel I was a rich dude to put this up personal and it would be a great planned future if we can actually set the pass of investing on Bitcoin on behalf of the future generation because the economy of now is not promising that it would better tomorrow and Bitcoin has seem the only shield to encounter it.
It is definitely a good one from you OP but I myself is not even up to an average standard yet so holding my Bitcoin for the next generation when I don't have enough to face the financial demands of now may even linger to the wipe out of me and my offspring due to starvation, lack of good medics and some other essentials in demands to mankind to stay alive and healthy.
holding is choice also selling is choice.
What i understand is that when making investment you should choose your plans and when the plans are met then you don't need to wait for any person to come tell you to hold or not what matters is if you have achieved what you wanted and you do then there's no need to hold unless you already decided to hold for decades, maybe for like 8 to 12 years at this point even though the market is turning down to zero you don't have to be moved until you reached your desired year before selling your investment.
For sure our plan of holding our coins especially potential long term coins like Bitcoin is a choice to decide how long to hold and when to sell but surely, we will still sell them somedays and make good use of why we are chasing to make profits out of our holdings and even if we don't, our successors will do because we are investing to earn profits for the affordability of our financial requirements.

The rhythm is only that we should hold firmly and unwavery until our goals are achieved.

Offline doc

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Re: Don't forget to HODL your BTC!
« Reply #156 on: August 08, 2024, 05:48:10 AM »
Yes Bitcoin is best for long time hold. It is such kind of coin which gives profit of all investors/holders. Because now Bitcoin price is near about $67k and who are bought bitcoin previously he has been benefited now. We know Bitcoin price is now near about it’s ATH so who bought Bitcoin previously in low price he has been profited till now.
Even who will Buy Bitcoin now he will also benefited in future there has no doubt.
Bitcoin price is now down to $57K, this is the time to buy. I asked some friends who are buying bitcoin again, but most of them are stuck in the high price and have not had time to sell. Bitcoin is a coin that is suitable for the long term, even though it is currently far from ATH. Keep holding and wait for bitcoin to go up again.

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Re: Don't forget to HODL your BTC!
« Reply #156 on: August 08, 2024, 05:48:10 AM »


Offline SmartGold01

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Re: Don't forget to HODL your BTC!
« Reply #157 on: August 08, 2024, 08:33:17 AM »
Well, atleast I have got a reason why investors has always preached "Don't sell your Bitcoin nomatter what".
They talks a lot not to sell your coins yet so then I asked, what then is the right time to sell since we are being convinced not to sell even when we have made lot of profits?.

I was unable to be convinced but here in this thread I found some vital reason. That is to say Investors investing on Bitcoin is best for inheritance huh? Lol .

I pretty feel I was a rich dude to put this up personal and it would be a great planned future if we can actually set the pass of investing on Bitcoin on behalf of the future generation because the economy of now is not promising that it would better tomorrow and Bitcoin has seem the only shield to encounter it.
It is definitely a good one from you OP but I myself is not even up to an average standard yet so holding my Bitcoin for the next generation when I don't have enough to face the financial demands of now may even linger to the wipe out of me and my offspring due to starvation, lack of good medics and some other essentials in demands to mankind to stay alive and healthy.
holding is choice also selling is choice.
What i understand is that when making investment you should choose your plans and when the plans are met then you don't need to wait for any person to come tell you to hold or not what matters is if you have achieved what you wanted and you do then there's no need to hold unless you already decided to hold for decades, maybe for like 8 to 12 years at this point even though the market is turning down to zero you don't have to be moved until you reached your desired year before selling your investment.
For sure our plan of holding our coins especially potential long term coins like Bitcoin is a choice to decide how long to hold and when to sell but surely, we will still sell them somedays and make good use of why we are chasing to make profits out of our holdings and even if we don't, our successors will do because we are investing to earn profits for the affordability of our financial requirements.

The rhythm is only that we should hold firmly and unwavery until our goals are achieved.
Yes that is it!
Do not be in a rush to sell until you meet your desired goals before selling off your bitcoin.
We know that bitcoin is a profitable coin and that was why people advocate for hold till decades and we shouldn't hold for short period instead of long period, with this we can boast of high profits returns if you have exercised patiently to hold till the storms are over and see could be easier for you to swim calmly without any turbulence.

Offline bitterguy28

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Re: Don't forget to HODL your BTC!
« Reply #158 on: August 08, 2024, 09:27:31 AM »
I was unable to be convinced but here in this thread I found some vital reason. That is to say Investors investing on Bitcoin is best for inheritance huh? Lol .
it does make sense because it is obvious anyway that crypto is the future and we will see our kids and grandkids be the one to fully utilize crypto in ways we didn't even get to so it would be best if they alread had a jump start against the other kids

on the other hand, people who say it is for inheritance are most likely rich ones already i need to first get rich before i even think about giving away what we don't even have just yet

Offline Dr.Bitcoin_Strange

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Re: Don't forget to HODL your BTC!
« Reply #159 on: August 08, 2024, 10:10:45 AM »
holding is choice also selling is choice.
What i understand is that when making investment you should choose your plans and when the plans are met then you don't need to wait for any person to come tell you to hold or not what matters is if you have achieved what you wanted and you do then there's no need to hold unless you already decided to hold for decades, maybe for like 8 to 12 years at this point even though the market is turning down to zero you don't have to be moved until you reached your desired year before selling your investment.
Hold and sell according to your wishes and beliefs based on the analysis you have. because we can decide to sell if the target we set at the beginning is met. Looking at current market conditions, it is best to hold on to buy if you still have the funds to buy
This is just to say that every one of us has to set a price for what we want to sell our Bitcoin. You can set your selling price at $100k or above. But make sure you sell your bitcoin the moment it reaches that amount. Don't let greed make you miss the selling price you set for yourself, which may even result in, selling later at a lesser price than what you never bargained for, at the initial time
Yeah you are right, is better we set our price on what will want to see our Bitcoin, the reason why some people get confused about when to sell is because they do not set there price on the account they will like to sell there Bitcoin, and getting confuse can lead them to sell at the wrong time.
And yes one can set his or her price from $100k and above and is a very nice price some people believe Bitcoin will never hit $100k, any investor that believes Bitcoin can't hit $100k really don't know the history growth of Bitcoin.
Some years back there are people who never believed Bitcoin will get to the price it is now and they are regretting why they didn't invest years back, when Bitcoin will hit $100k there are people who will regret not investing, the reason why some people are not investing on Bitcoin again is because they believe Bitcoin will not grow more than the price it is now.

Some people can get there selling price at $100k but when Bitcoin hits $100k they decide to increase their selling price to $150k I don't see it as greed, some people that are into Bitcoin investment are working and they are being paid very well and they are not lacking anything so what is the point selling of your investment.

Offline SmartGold01

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Re: Don't forget to HODL your BTC!
« Reply #160 on: August 08, 2024, 10:52:45 AM »
holding is choice also selling is choice.
What i understand is that when making investment you should choose your plans and when the plans are met then you don't need to wait for any person to come tell you to hold or not what matters is if you have achieved what you wanted and you do then there's no need to hold unless you already decided to hold for decades, maybe for like 8 to 12 years at this point even though the market is turning down to zero you don't have to be moved until you reached your desired year before selling your investment.
Hold and sell according to your wishes and beliefs based on the analysis you have. because we can decide to sell if the target we set at the beginning is met. Looking at current market conditions, it is best to hold on to buy if you still have the funds to buy
This is just to say that every one of us has to set a price for what we want to sell our Bitcoin. You can set your selling price at $100k or above. But make sure you sell your bitcoin the moment it reaches that amount. Don't let greed make you miss the selling price you set for yourself, which may even result in, selling later at a lesser price than what you never bargained for, at the initial time
Some people can get there selling price at $100k but when Bitcoin hits $100k they decide to increase their selling price to $150k I don't see it as greed, some people that are into Bitcoin investment are working and they are being paid very well and they are not lacking anything so what is the point selling of your investment.
Is like those who are in real estate business, you know when they buy property are some certain price level and they hold those properties for years when they noticed that they have already  made 2x or 10x of their investment they may decides to sell to another person after that they would locate another properties or lands to buy again after which they gained the require profits they would go for another lands so it's to most people who are selling bitcoin. They may decides to sell off their investment after haven met the required amount they need maybe this types of people may say if they just succeeded having 4x or 10x of their invest that they mind if it would go 100x but rather working on their target.

Offline Jamal Aezaz

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Re: Don't forget to HODL your BTC!
« Reply #161 on: August 09, 2024, 02:25:56 PM »
One can choose to invest in Bitcoin using the lump sum strategy or using the DCA strategy, any strategy you feel will be better for you is not a problem however if you don't have huge amount of money which you can use to accumulate a good number of Bitcoin known as the lump sum strategy then you can accumulate little by little which is the DCA strategy, a lot of people are using the DCA strategy and are accumulating good number of Bitcoin and holding unto it, any strategy that is good for you will be the best strategy to use.

The fall of Bitcoin price should not be seen as a bad thing because the fall in Bitcoin price is an opportunity to accumulate more Bitcoin, and not a time to panic, if you check or go through the history of Bitcoin you will find out that Bitcoin fall in price sometimes and also rise that is how it has been for long now.
Anyone holding Bitcoin for a long term shouldn't be worried about the dip in Bitcoin people that always panic are Bitcoin traders because they invest in a very short time.

Actually it is necessary to think about yourself and about your financial status before accepting any strategy because most of the people don't have enough amount but they are regularly buying Bitcoin and other coins by using the necessary amount which they have to utilize for another job so they are not doing wise work but they are putting themselves in uncomfortable situations.

Those people panic are entering into the crypto with the aim of getting short term benefit so when they see that market is under unfavorable situations then they become panic and another reason for become panic is that people are not ready to learn before investment so they face difficulties after starting investment and as a result of their deficiency of knowledge become worried and their final decision become wrong.
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Re: Don't forget to HODL your BTC!
« Reply #162 on: August 10, 2024, 08:34:32 AM »
Actually it is necessary to think about yourself and about your financial status before accepting any strategy because most of the people don't have enough amount but they are regularly buying Bitcoin and other coins by using the necessary amount which they have to utilize for another job so they are not doing wise work but they are putting themselves in uncomfortable situations.

Those people panic are entering into the crypto with the aim of getting short term benefit so when they see that market is under unfavorable situations then they become panic and another reason for become panic is that people are not ready to learn before investment so they face difficulties after starting investment and as a result of their deficiency of knowledge become worried and their final decision become wrong.

That's not the best idea to be honest, they don't take loans to invest in Cryptocurrency or use money meant for other purposes to invest in Cryptocurrency, that's why experts have advised that spare money is the best for investment and I think that before anyone could even think of starting their crypto journey, they should have other means of earning or are salary earners regardless of the method they use, if someone borrows money to invest in Cryptocurrency how would they continue to DCA or would they keep borrowing to meet up that's one thing they should think about. However anyone going into crypto with a short-term plan shouldn't even think of Bitcoin cause they'll be disappointed except they want to go into trading, short term plans are for most Alts especially those pump and dumps but it's not advisable. The crypto space is not a place you go into with emotions, that's why new investor have to be fully prepared before coming in, else their expectations would be cut short.
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Re: Don't forget to HODL your BTC!
« Reply #163 on: August 10, 2024, 08:43:33 AM »
One can choose to invest in Bitcoin using the lump sum strategy or using the DCA strategy, any strategy you feel will be better for you is not a problem however if you don't have huge amount of money which you can use to accumulate a good number of Bitcoin known as the lump sum strategy then you can accumulate little by little which is the DCA strategy, a lot of people are using the DCA strategy and are accumulating good number of Bitcoin and holding unto it, any strategy that is good for you will be the best strategy to use.

The fall of Bitcoin price should not be seen as a bad thing because the fall in Bitcoin price is an opportunity to accumulate more Bitcoin, and not a time to panic, if you check or go through the history of Bitcoin you will find out that Bitcoin fall in price sometimes and also rise that is how it has been for long now.
Anyone holding Bitcoin for a long term shouldn't be worried about the dip in Bitcoin people that always panic are Bitcoin traders because they invest in a very short time.

Actually it is necessary to think about yourself and about your financial status before accepting any strategy because most of the people don't have enough amount but they are regularly buying Bitcoin and other coins by using the necessary amount which they have to utilize for another job so they are not doing wise work but they are putting themselves in uncomfortable situations.

Those people panic are entering into the crypto with the aim of getting short term benefit so when they see that market is under unfavorable situations then they become panic and another reason for become panic is that people are not ready to learn before investment so they face difficulties after starting investment and as a result of their deficiency of knowledge become worried and their final decision become wrong.

Yeah, we can't blame those people though, I mean they are newbies obviously and then just go and join crypto thinking that they are going to get rich vey quickly. But this is the very opposite, it's not that easy to be honest, even HODL is very hard as you should have the mentality not to sell at any point and panic and then push the sell button.

For me, it become a practice though, and so when you get over it, understand what is the meaning of HODLing, then most likely as hard as it gets, the better you are going to cope with it. And hopefully those newbies will not quit if they don't reach their goal but to learn and evolved.

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Re: Don't forget to HODL your BTC!
« Reply #164 on: August 11, 2024, 11:08:53 PM »
Do not be in a rush to sell until you meet your desired goals before selling off your bitcoin.
We know that bitcoin is a profitable coin and that was why people advocate for hold till decades and we shouldn't hold for short period instead of long period, with this we can boast of high profits returns if you have exercised patiently to hold till the storms are over and see could be easier for you to swim calmly without any turbulence.
The right way is to set the goal before we buy any coin. So we won't be confused about the exit time (selling). It will be a big problem if we buy any coin without a clear target. Analysis is very necessary, we must analyze the potential of the coins to buy. We must analyze "in what price to buy the coin", and we also must learn "the possible price to sell the coin" as well. Don't hold crypto coins if we don't have the target/goal of the coins!!

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