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Author Topic: Don't forget to HODL your BTC!  (Read 12332 times)

Offline Dr.Bitcoin_Strange

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Re: Don't forget to HODL your BTC!
« Reply #165 on: August 12, 2024, 10:12:34 AM »
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!!
What we are discussing here is Bitcoin and Bitcoin alone and not other cryptocurrency, and yeah before One especially a newbie start talking about investment he or she should first of all go through the history of the coin and know if truly is a good coin.
When we talk about Bitcoin investment is a very good investment, Bitcoin is the best investment right now in the world and the best crypto coin, a lot of people believe Bitcoin will fall one day and never rise again but is not true, and some believe Bitcoin won't grow more than it is now in price well for your information Bitcoin has not reached half of it's growth and so it will continue to grow bigger and better.

In Bitcoin investment one needs to be patient and and consistent because without this two things it will be impossible to succeed in Bitcoin investment, the reason why some people panic when there's a dip in Bitcoin is because they know the history of Bitcoin if you know the history of Bitcoin you have no reason to Panic.

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Re: Don't forget to HODL your BTC!
« Reply #165 on: August 12, 2024, 10:12:34 AM »

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Offline gunhell16

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Re: Don't forget to HODL your BTC!
« Reply #166 on: August 12, 2024, 11:00:34 AM »
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!!
What we are discussing here is Bitcoin and Bitcoin alone and not other cryptocurrency, and yeah before One especially a newbie start talking about investment he or she should first of all go through the history of the coin and know if truly is a good coin.
When we talk about Bitcoin investment is a very good investment, Bitcoin is the best investment right now in the world and the best crypto coin, a lot of people believe Bitcoin will fall one day and never rise again but is not true, and some believe Bitcoin won't grow more than it is now in price well for your information Bitcoin has not reached half of it's growth and so it will continue to grow bigger and better.

In Bitcoin investment one needs to be patient and and consistent because without this two things it will be impossible to succeed in Bitcoin investment, the reason why some people panic when there's a dip in Bitcoin is because they know the history of Bitcoin if you know the history of Bitcoin you have no reason to Panic.

If we only focus on Bitcoin, it is really a test for long-term investment. And even in daily trade, it is tested by those who have extensive or deep knowledge of trading, honestly speaking. Then another Bitcoin is also the most popular and known in the whole world.

And other top cryptocurrencies are following in the market as well, which can also provide profit to other crypto communities as well. So if there is an opportunity to save, let's do it and take advantage of the opportunity to buy it. Even if it's just a small amount of money, that's fine.
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Re: Don't forget to HODL your BTC!
« Reply #166 on: August 12, 2024, 11:00:34 AM »

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Offline erus

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Re: Don't forget to HODL your BTC!
« Reply #167 on: August 13, 2024, 06:30:00 PM »
I only have a little bit of Bitcoin in my wallet because I knew about Bitcoin when it was already expensive. Maybe another time for me if I have an inheritance from my parents, I will definitely set aside some to buy Bitcoin. It may sound strange to you but I noticed that Bitcoin has a chart that tends to rise from the first year Bitcoin was created, so it makes sense that I will buy Bitcoin from my parents' inheritance.
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Offline de_prof

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Re: Don't forget to HODL your BTC!
« Reply #168 on: August 14, 2024, 11:22:40 AM »
I only have a little bit of Bitcoin in my wallet because I knew about Bitcoin when it was already expensive. Maybe another time for me if I have an inheritance from my parents, I will definitely set aside some to buy Bitcoin. It may sound strange to you but I noticed that Bitcoin has a chart that tends to rise from the first year Bitcoin was created, so it makes sense that I will buy Bitcoin from my parents' inheritance.
I also think the same as you, if I inherited from my parents I would also buy and hold bitcoin for the long term.   This is not unusual, some of my friends also sell real-world assets to buy bitcoin during bearish seasons.   Bitcoin is very suitable to hold for the long term, because until now bitcoin looks strong and expensive.   Bitcoin will become more expensive in the future.

Offline Jating

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Re: Don't forget to HODL your BTC!
« Reply #169 on: August 14, 2024, 12:14:00 PM »
I only have a little bit of Bitcoin in my wallet because I knew about Bitcoin when it was already expensive. Maybe another time for me if I have an inheritance from my parents, I will definitely set aside some to buy Bitcoin. It may sound strange to you but I noticed that Bitcoin has a chart that tends to rise from the first year Bitcoin was created, so it makes sense that I will buy Bitcoin from my parents' inheritance.

Of course it is expensive, however it is the safest investment that you can get and it's going to be a win-win situation for you. Some of us started here with just small investment and then grow it overtime. You don't have to wait for your parent's inheritance, and to be honest, if I'm old enough, I won't go that far to wait but look for jobs and then when I have my own money, I will go and invest it on Bitcoin right away. And then we have a strategy that is commonly known as DCA. So you can start small, maybe weekly or even monthly to invest on Bitcoin and be a long term holder and you will definitely going to love the result.
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Offline Dr.Bitcoin_Strange

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Re: Don't forget to HODL your BTC!
« Reply #170 on: August 14, 2024, 12:28:18 PM »
I only have a little bit of Bitcoin in my wallet because I knew about Bitcoin when it was already expensive. Maybe another time for me if I have an inheritance from my parents, I will definitely set aside some to buy Bitcoin. It may sound strange to you but I noticed that Bitcoin has a chart that tends to rise from the first year Bitcoin was created, so it makes sense that I will buy Bitcoin from my parents' inheritance.
You don't have to wait for that long or till you are given inheritance before you can invest in Bitcoin, if you are working and you are receiving salary weekly or monthly you can from a certain percentage from that your salary to invest into Bitcoin which is the DCA strategy, if you do it like that and be consistent and patient before you know it you have accumulated enough Bitcoin it will only take you a very long time but it is worth doing.
I know someone that has been investing in Bitcoin using the DCA strategy for some years now and he has been consistent and patient and now he has accumulated enough Bitcoin, one don't have to wait to have a huge amount of money before he or she can start accumulating and that is one reason I love Bitcoin investment so much because one can start from small one must not have huge amount of money to start.
A lot of people feels Bitcoin is too expensive and that is why they don't have interest investing in it, yeah Bitcoin is expensive but is divided into unit one can buy any amount of Bitcoin he or she wants you can even buy Bitcoin worth $1 and this is how a lot of people have been accumulating there Bitcoin little by little.

Bitcoin investment is a very good investment and one of the best investment right now in the world, Bitcoin has made a lot of people rice and has increased the economy of the world, however some countries still don't accept Bitcoin has a means of payment, but this won't last because they will have no choice than to accept Bitcoin.
Bitcoin will continue to grow more bigger than better, so if you have the opportunity to invest in Bitcoin please do don't mind how long it will take you to accumulate enough Bitcoin a lot of people that had the opportunity to invest in Bitcoin 10 years ago and refused are regretting now and I know 7 to 10 years from now again some set of people will still regret why they didn't invest.
So don't wait start investing today.

Offline rachael9385

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Re: Don't forget to HODL your BTC!
« Reply #171 on: August 14, 2024, 04:44:06 PM »
I only have a little bit of Bitcoin in my wallet because I knew about Bitcoin when it was already expensive. Maybe another time for me if I have an inheritance from my parents, I will definitely set aside some to buy Bitcoin. It may sound strange to you but I noticed that Bitcoin has a chart that tends to rise from the first year Bitcoin was created, so it makes sense that I will buy Bitcoin from my parents' inheritance.
Do not tell your self that Bitcoin is expensive, so many people have thought of this and still not invest in Bitcoin because they sees it as it's not the perfect time for them to invest. However this same reason is why many have waited for the dip and some of them have used the money they kept to purchase Bitcoin for something else, that's why it's not also advised to have in mind that bitcoin is expensive. More especially when you are new to Bitcoin investment.
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Re: Don't forget to HODL your BTC!
« Reply #171 on: August 14, 2024, 04:44:06 PM »


Offline armanda90

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Re: Don't forget to HODL your BTC!
« Reply #172 on: August 14, 2024, 05:02:35 PM »
Do not tell your self that Bitcoin is expensive, so many people have thought of this and still not invest in Bitcoin because they sees it as it's not the perfect time for them to invest. However this same reason is why many have waited for the dip and some of them have used the money they kept to purchase Bitcoin for something else, that's why it's not also advised to have in mind that bitcoin is expensive. More especially when you are new to Bitcoin investment.
Some people mindset about bitcoin reach most expensive right now and prefer waiting with dip price coming one day later, but difficult to make many people believing when bitcoin price drop most of them scary for investing behind price drop significant.
I think depend on mindset some one when investing their assets its not only with bitcoin but also how many people have much experience with investment.
If any people not scary they don't care about bitcoin right now have reach higher or expensive price but keep believing with potential in the future will reach most higher price again.

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Re: Don't forget to HODL your BTC!
« Reply #173 on: August 14, 2024, 05:18:18 PM »
I only have a little bit of Bitcoin in my wallet because I knew about Bitcoin when it was already expensive. Maybe another time for me if I have an inheritance from my parents, I will definitely set aside some to buy Bitcoin. It may sound strange to you but I noticed that Bitcoin has a chart that tends to rise from the first year Bitcoin was created, so it makes sense that I will buy Bitcoin from my parents' inheritance.
I also think the same as you, if I inherited from my parents I would also buy and hold bitcoin for the long term.   This is not unusual, some of my friends also sell real-world assets to buy bitcoin during bearish seasons.   Bitcoin is very suitable to hold for the long term, because until now bitcoin looks strong and expensive.   Bitcoin will become more expensive in the future.
Bitcoin for the long term seems to be seen from the limited supply, which is 21 million Bitcoins. The limited value is what makes Bitcoin's price increase every year (if accumulated until now the price of Bitcoin continues to rise and fall is only a little).

I only have a little bit of Bitcoin in my wallet because I knew about Bitcoin when it was already expensive. Maybe another time for me if I have an inheritance from my parents, I will definitely set aside some to buy Bitcoin. It may sound strange to you but I noticed that Bitcoin has a chart that tends to rise from the first year Bitcoin was created, so it makes sense that I will buy Bitcoin from my parents' inheritance.
.....
Of course it is expensive, however it is the safest investment that you can get and it's going to be a win-win situation for you. and you will definitely going to love the result.
But all investments have risks, I think Bitcoin has a risk in its storage because if I lose my private key and my Bitcoin is definitely gone. If I store it in CEX then it is certain that if the CEX goes bankrupt then my Bitcoin assets will also be lost.

I only have a little bit of Bitcoin in my wallet because I knew about Bitcoin when it was already expensive. Maybe another time for me if I have an inheritance from my parents, I will definitely set aside some to buy Bitcoin. It may sound strange to you but I noticed that Bitcoin has a chart that tends to rise from the first year Bitcoin was created, so it makes sense that I will buy Bitcoin from my parents' inheritance.
You don't have to wait for that long or till you are given inheritance before you can invest in Bitcoin, if you are working and you are receiving salary weekly or monthly you can from a certain percentage from that your salary to invest into Bitcoin which is the DCA strategy,...
I work part-time but I also don't want my salary to be used to buy Bitcoin because my salary is for my daily living needs.

I only have a little bit of Bitcoin in my wallet because I knew about Bitcoin when it was already expensive. Maybe another time for me if I have an inheritance from my parents, I will definitely set aside some to buy Bitcoin. It may sound strange to you but I noticed that Bitcoin has a chart that tends to rise from the first year Bitcoin was created, so it makes sense that I will buy Bitcoin from my parents' inheritance.
Do not tell your self that Bitcoin is expensive, so many people have thought of this and still not invest in Bitcoin because they sees it as it's not the perfect time for them to invest. However this same reason is why many have waited for the dip and some of them have used the money they kept to purchase Bitcoin for something else, that's why it's not also advised to have in mind that bitcoin is expensive. More especially when you are new to Bitcoin investment.
I mean, if I have to buy just 1 Bitcoin then it is very expensive to get but if I buy 0.00001 Bitcoin maybe I can buy easily. I only stated the price of 1 Bitcoin and above because the value of 1 Bitcoin in my place is very expensive if converted to fiat currency in my country.
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Offline rachael9385

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Re: Don't forget to HODL your BTC!
« Reply #174 on: August 14, 2024, 11:36:04 PM »
I mean, if I have to buy just 1 Bitcoin then it is very expensive to get but if I buy 0.00001 Bitcoin maybe I can buy easily. I only stated the price of 1 Bitcoin and above because the value of 1 Bitcoin in my place is very expensive if converted to fiat currency in my country.
That is exactly how it is in any countries that their currency is lower than dollar. In my country, the rate of 1BTC is 94,126,476 million naira. But average salary earners from USA won't complain of high price of Bitcoin (at this stage) when they want to invest, likewise those from Kuwait.
However, let's say for example $20,000 dollar can buy 0.04 BTC earlier this year and now $20,000 can only buy 0.01 BTC, it's probably because the price if Bitcoin is increasing and the figures of BTC is lessen.
« Last Edit: August 14, 2024, 11:39:11 PM by rachael9385 »
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Re: Don't forget to HODL your BTC!
« Reply #175 on: August 15, 2024, 05:22:29 AM »
I mean, if I have to buy just 1 Bitcoin then it is very expensive to get but if I buy 0.00001 Bitcoin maybe I can buy easily. I only stated the price of 1 Bitcoin and above because the value of 1 Bitcoin in my place is very expensive if converted to fiat currency in my country.
That is exactly how it is in any countries that their currency is lower than dollar. In my country, the rate of 1BTC is 94,126,476 million naira. But average salary earners from USA won't complain of high price of Bitcoin (at this stage) when they want to invest, likewise those from Kuwait.
However, let's say for example $20,000 dollar can buy 0.04 BTC earlier this year and now $20,000 can only buy 0.01 BTC, it's probably because the price if Bitcoin is increasing and the figures of BTC is lessen.
I also see from one condition that because of the large monthly salary factor from working, it can easily determine to buy more Bitcoin, while for those who have low salaries, it is certain that buying Bitcoin will think twice or more.
At this time, it seems that I have a problem in the funds section to buy Bitcoin, unless maybe I work and get free Bitcoin that is randomly sent by them to my personal wallet, I will definitely HodL.
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Offline Jamal Aezaz

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Re: Don't forget to HODL your BTC!
« Reply #176 on: August 16, 2024, 09:41:43 PM »
Do not tell your self that Bitcoin is expensive, so many people have thought of this and still not invest in Bitcoin because they sees it as it's not the perfect time for them to invest. However this same reason is why many have waited for the dip and some of them have used the money they kept to purchase Bitcoin for something else, that's why it's not also advised to have in mind that bitcoin is expensive. More especially when you are new to Bitcoin investment.

Bitcoin will not look expensive if we have the ability to manage our fiance, save some amount each month, buying little by little instead of thinking to buy a whole Bitcoin and adopting different strategies through which we can earn regularly from other sources.

Every time is a better time to invest in Bitcoin so if you have money then the current time is also a better time because Bitcoin always goes higher each year due to which its holders never get disappointed. Those who have knowledge will not be lazy and will decide quickly if they know the reality but if someone is thinking that Bitcoin is expensive then he should also realize that expensive things become more expensive and only wise individuals can buy it as nothing is impossible if a person has strong desires.
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Re: Don't forget to HODL your BTC!
« Reply #177 on: August 17, 2024, 11:43:03 AM »
Do not tell your self that Bitcoin is expensive, so many people have thought of this and still not invest in Bitcoin because they sees it as it's not the perfect time for them to invest. However this same reason is why many have waited for the dip and some of them have used the money they kept to purchase Bitcoin for something else, that's why it's not also advised to have in mind that bitcoin is expensive. More especially when you are new to Bitcoin investment.

Bitcoin will not look expensive if we have the ability to manage our fiance, save some amount each month, buying little by little instead of thinking to buy a whole Bitcoin and adopting different strategies through which we can earn regularly from other sources.

Every time is a better time to invest in Bitcoin so if you have money then the current time is also a better time because Bitcoin always goes higher each year due to which its holders never get disappointed. Those who have knowledge will not be lazy and will decide quickly if they know the reality but if someone is thinking that Bitcoin is expensive then he should also realize that expensive things become more expensive and only wise individuals can buy it as nothing is impossible if a person has strong desires.
Bitcoin does not rise every year, because bitcoin follows a 4-year cycle, so buy bitcoin during the bearish season with the DCA method. Bitcpin is an expensive coin but if we buy it gradually it will allow us to have large amounts of bitcoin. that's what a lot of people do here.
Currently, I am still trying to buy bitcoin gradually because the price of bitcoin has experienced a correction and is not yet close to ATH, so we still have the opportunity to add to our bitcoin collection.

Offline TomPluz

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Re: Don't forget to HODL your BTC!
« Reply #178 on: August 20, 2024, 03:47:05 PM »
In Bitcoin investment one needs to be patient and and consistent because without this two things it will be impossible to succeed in Bitcoin investment, the reason why some people panic when there's a dip in Bitcoin is because they don't know the history of Bitcoin, if you know the history of Bitcoin you have no reason to Panic.

When someone decided to HODL Bitcoin for possible profits later, there are many things must understand well. There is an element of time here and must really be patient and wait for the right time when profits can be made. People who has the big vision for Bitcoin are thinking and convinced that eventually Bitcoin will be so valuable...with even the possibility of reaching as high as 1 million dollar many years from now. The history of Bitcoin is pointing us to this possibility and that is why if there is a dip no matter how big it is then one has to relax and just never mind what can be happening. We have to be immune to the ups and downs of Bitcoin in the market and just concentrate on holding on to our dreams of financial freedom.



Offline nakmantu99

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Re: Don't forget to HODL your BTC!
« Reply #179 on: August 20, 2024, 10:56:51 PM »
In Bitcoin investment one needs to be patient and and consistent because without this two things it will be impossible to succeed in Bitcoin investment, the reason why some people panic when there's a dip in Bitcoin is because they don't know the history of Bitcoin, if you know the history of Bitcoin you have no reason to Panic.

When someone decided to HODL Bitcoin for possible profits later, there are many things must understand well. There is an element of time here and must really be patient and wait for the right time when profits can be made. People who has the big vision for Bitcoin are thinking and convinced that eventually Bitcoin will be so valuable...with even the possibility of reaching as high as 1 million dollar many years from now. The history of Bitcoin is pointing us to this possibility and that is why if there is a dip no matter how big it is then one has to relax and just never mind what can be happening. We have to be immune to the ups and downs of Bitcoin in the market and just concentrate on holding on to our dreams of financial freedom.
Investing in Bitcoin for the long term certainly has an element of time here, because it takes a long time to get big profits. Maybe you are right, the price of bitcoin will touch 1 million dollars but it will take a long time to hold it if you want that price. Because currently the price of bitcoin is $59K, prepare free funds that you have and don't use for a long time if you want to hold it for the long term.

 

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