Are you holding BTC just for the price increase?

[Primo1760]

Some of the discussions here, mostly about bitcoin prices, and that assumes you are using Bitcoin as your own personal money-making machine...

Is there anyone here holding BTC to learn the technology? Or maybe predominantly using it for trading?

Just curious to see how many people (on this forum) use BTC for other than trading...

I don't hold my bitcoins for price I hold bitcoins for a certain amount of time. When Bitcoin went up to around $74k but I didn't sell my Bitcoin because my predicted target was not reached yet. I have invested and held my bitcoins for the past few years but I have set a certain price in my mind that I will hold my bitcoins until it goes to that price.

I have never traded my invested bitcoins because my investments are not for trading my investments are only for long term and price targets that I set. Many may trade with the bitcoins they hold and learn trading but I have no such goals. I use a different currency for trading and I trade with that currency.

[JISAN]

Everyone invests to make profit and to get profit the price of that coin must increase after making the investment. This is a simple concept. So I can say that everyone invest in Bitcoin because the price of Bitcoin will increase. Cryptos are very volatile due to which it is possible to earn huge profits by investing in Bitcoins or cryptocurrencies through a potential analysis. And each of us invests in crypto currency with risk for this purpose. You can make a standard profit as fast as you can by investing in cryptocurrencies that you can't get by investing anywhere else.

[joniboini]

I have never traded my invested bitcoins because my investments are not for trading my investments are only for long term and price targets that I set. Many may trade with the bitcoins they hold and learn trading but I have no such goals. I use a different currency for trading and I trade with that currency.

Is there any reason why you don't allocate a different portfolio with Bitcoin for trading instead of trading alts? I'm curious if there's any specific reason why you do that other than the fact that you believe Bitcoin is the most valuable out of them all. Most people I followed seem to trade Bitcoin and altcoin while keeping a different portfolio for that. I believe capital is one of the reasons why they can do that, but it's not like people with small capital can't do the same thing.
Anyway, I spend less than $10 Bitcoin regularly but I stop doing that if the price falls too low because I don't want to lose too many sats. Luckily most services that I used aren't that expensive.

[Jating]

Some of the discussions here, mostly about bitcoin prices, and that assumes you are using Bitcoin as your own personal money-making machine...

Is there anyone here holding BTC to learn the technology? Or maybe predominantly using it for trading?

Just curious to see how many people (on this forum) use BTC for other than trading...

I don't hold my bitcoins for price I hold bitcoins for a certain amount of time. When Bitcoin went up to around $74k but I didn't sell my Bitcoin because my predicted target was not reached yet. I have invested and held my bitcoins for the past few years but I have set a certain price in my mind that I will hold my bitcoins until it goes to that price.

I think it's good to see that the price hits a new all time high at $73k a pop. But I do agree that most of us didn't sell that time, because we know that the price is going to still go up in the next month or so or at least our target is 6 digits.

I have never traded my invested bitcoins because my investments are not for trading my investments are only for long term and price targets that I set. Many may trade with the bitcoins they hold and learn trading but I have no such goals. I use a different currency for trading and I trade with that currency.

Sure, there are people, Bitcoin enthusiast, who might have traded Bitcoin in the beginning, however, it's not as easy as it sounds. And so they just remain to be pure investor, doing DCA or buying during the dip. So everyone has different strategy, but the end goal is the same, to make huge profits in the bull run.

[bayu7adi]

I don't hold my bitcoins for price I hold bitcoins for a certain amount of time. When Bitcoin went up to around $74k but I didn't sell my Bitcoin because my predicted target was not reached yet. I have invested and held my bitcoins for the past few years but I have set a certain price in my mind that I will hold my bitcoins until it goes to that price.

Unfortunately, the fact is that you want to sell it based on the price increase too, my friend. Maybe you digest the topic I made is for trading, so you think it's not the same as investing.... That's not wrong, because I'm sure everyone's goal to have Bitcoin is different... good luck with what you're aiming for right now with Bitcoin.

However, it should also be noted that Bitcoin can be used to pay and buy something... so I think it's a loss if you don't try it, at least once in your life.

[Fivestar4everMVP]

Some of the discussions here, mostly about bitcoin prices, and that assumes you are using Bitcoin as your own personal money-making machine...

Is there anyone here holding BTC to learn the technology? Or maybe predominantly using it for trading?

Just curious to see how many people (on this forum) use BTC for other than trading...

What exactly more is here to learn about Bitcoin's technology when I am not a newbie to the cryptocurrency? Your question should have been directed to newbies in the space, because for me, having been here since 2016, I've learnt all that i showed interest in to learn, and right now, I hold bitcoin as an investment, and use it also for trading, I don't want to spend bitcoin on goods and services since it's more expensive to, specially in the country I come from.

So right now, I hold bitcoin for majorly two things which I already mentioned above, but to mention them again..
1. As an investment for future profits.
2. For trading, I use part of my bitcoin for trading.

So, in conclusion, you can say that I am mainly holding bitcoin to make money from it, then you are also right, it isn't a crime, or is it?

[Mr. Magkaisa]

     -     I only have a small amount of btc at the moment; my goal is to accumulate up to 0.1btc up to 0.25btc because my priority is to actually make dca, but in one of the top altcoins, and the rest is in the top meme coins as well.

Because I can see that I can get a bigger profit in altcoins compared to bitcoin. Sorry to others, I know you believe in bitcoin that the price will really rise. That's why the only thing attainable because I see in bitcoin is up to x6 or x7 Only our capital can repeat this coming bull run.

[Lucius]

Some of the discussions here, mostly about bitcoin prices, and that assumes you are using Bitcoin as your own personal money-making machine...
Is there anyone here holding BTC to learn the technology? Or maybe predominantly using it for trading?
Just curious to see how many people (on this forum) use BTC for other than trading...

Why do you think that just owning BTC can help someone "learn technology"? Of course, some things can be best understood with practical examples, but someone who has never had BTC can learn a lot about blockchain technology and how BTC works.

I have been using BTC as a hedge against inflation for years, but I also use it as a currency whenever possible - because it allows me to make fast and secure payments at any time. I think that BTC should not be just some kind of money-making machine, but we can't force anyone to do something they don't want to do.

[Uruhara]

Some of the discussions here, mostly about bitcoin prices, and that assumes you are using Bitcoin as your own personal money-making machine...

Is there anyone here holding BTC to learn the technology? Or maybe predominantly using it for trading?

Just curious to see how many people (on this forum) use BTC for other than trading...

I personally only buy Bitcoin because I believe in its potential in the future and I believe in its great potential in the future because I am amazed by the system used in Bitcoin itself. So I invested in it and plan to hold it as long as I can. I also can't deny that bitcoin is becoming like a money-making machine. But I think its usefulness goes beyond that. And I think the decentralized system that BTC has has also changed the way many people think about the current financial system.

[Themepen]

I don't hold my bitcoins for price I hold bitcoins for a certain amount of time. When Bitcoin went up to around $74k but I didn't sell my Bitcoin because my predicted target was not reached yet. I have invested and held my bitcoins for the past few years but I have set a certain price in my mind that I will hold my bitcoins until it goes to that price.

I have never traded my invested bitcoins because my investments are not for trading my investments are only for long term and price targets that I set. Many may trade with the bitcoins they hold and learn trading but I have no such goals. I use a different currency for trading and I trade with that currency.

I really respect your smart way of investing in Bitcoin. You did not sell when price went up to $74000 which shows you stick to your plan. Focusing on long term goals instead of quick profits is impressive. It is clever to keep your investments and trading money separate. This helps you avoid making impulsive decisions based on market changes.

Your patient and focused approach will help you navigate ups and downs of cryptocurrency. I appreciate your decision stick to it I hope you will see Bitcoin at that price which you have dreamed for

[satpol_PP]

Some of the discussions here, mostly about bitcoin prices, and that assumes you are using Bitcoin as your own personal money-making machine...

Is there anyone here holding BTC to learn the technology? Or maybe predominantly using it for trading?

Just curious to see how many people (on this forum) use BTC for other than trading...

I personally only buy Bitcoin because I believe in its potential in the future and I believe in its great potential in the future because I am amazed by the system used in Bitcoin itself. So I invested in it and plan to hold it as long as I can. I also can't deny that bitcoin is becoming like a money-making machine. But I think its usefulness goes beyond that. And I think the decentralized system that BTC has has also changed the way many people think about the current financial system.

There is no doubt about the potential of bitcoin in the future, because bitcoin will provide financial freedom and we as bitcoin holders also try to hold our bitcoins for longer. If right now I am only trying to hold bitcoin until next year, because the bullish season will occur next year.
Some use the hold method and leave it in the wallet until the year and there are also those who trade with bitcoin.

[Gurujebs]

Some of the discussions here, mostly about bitcoin prices, and that assumes you are using Bitcoin as your own personal money-making machine...

Is there anyone here holding BTC to learn the technology? Or maybe predominantly using it for trading?

Just curious to see how many people (on this forum) use BTC for other than trading...

Other than the developers, majority hold Bitcoin because of the gain, even Blackrock hold Bitcoin for gain and the ETFs were approved so that investors and mostly the institutional investors can buy Bitcoin and hold and sell when they want, they don't add anything to the technological aspect, they just speculate to value to it.

Perhaps Microstrategy and El Salvador are two most important people that have created real used case Bitcoin, if other countries will allow it as legal tender, then we might see other utilities other than just the usual hold for profit.

[nakmantu99]

Some of the discussions here, mostly about bitcoin prices, and that assumes you are using Bitcoin as your own personal money-making machine...

Is there anyone here holding BTC to learn the technology? Or maybe predominantly using it for trading?

Just curious to see how many people (on this forum) use BTC for other than trading...

Other than the developers, majority hold Bitcoin because of the gain, even Blackrock hold Bitcoin for gain and the ETFs were approved so that investors and mostly the institutional investors can buy Bitcoin and hold and sell when they want, they don't add anything to the technological aspect, they just speculate to value to it.

Perhaps Microstrategy and El Salvador are two most important people that have created real used case Bitcoin, if other countries will allow it as legal tender, then we might see other utilities other than just the usual hold for profit.

Currently, there are not many countries that allow bitcoin as a payment method, I only know that El Salvador is a pioneer in accepting bitcoin as a means of payment. Actually, in my country, bitcoin has been allowed as an investment tool, I am grateful, because in investing we as citizens already feel safe because we are protected by the government.

[joniboini]

Currently, there are not many countries that allow bitcoin as a payment method, I only know that El Salvador is a pioneer in accepting bitcoin as a means of payment.

I'm not sure how many countries explicitly allow Bitcoin for payment, but tons of digital stores accept Bitcoin. I'd assume the country they're based in at least doesn't punish them for accepting BTC or allowing people to buy stuff with BTC. One digital store that I regularly visit is based in Singapore and they've been accepting Bitcoin for years now. It's not exclusive to them either. I believe that's no surprise considering how many payment providers are available on the market nowadays. I think you'll be able to find other examples if you want to pay with BTC. It just takes a bit of time to look around. CMIIW.

[Rubel007]

Currently, there are not many countries that allow bitcoin as a payment method, I only know that El Salvador is a pioneer in accepting bitcoin as a means of payment.

I'm not sure how many countries explicitly allow Bitcoin for payment, but tons of digital stores accept Bitcoin. I'd assume the country they're based in at least doesn't punish them for accepting BTC or allowing people to buy stuff with BTC. One digital store that I regularly visit is based in Singapore and they've been accepting Bitcoin for years now. It's not exclusive to them either. I believe that's no surprise considering how many payment providers are available on the market nowadays. I think you'll be able to find other examples if you want to pay with BTC. It just takes a bit of time to look around. CMIIW.

Still, since Bitcoin is not legalized in most places, there is potential for legal complications when transacting through Bitcoin. Although many do this transaction. I personally like Bitcoin's decentralized design. I believe that if one holds bitcoins he can protect his personal  assets as well as gain financially by holding bitcoins. At the time when governments will legalize Bitcoin, in addition to this benefit, anyone will also have the opportunity to make uninterrupted transactions through Bitcoin. Currently I want to hold Bitcoin because I can get multiple returns on my investment in the long term by holding it.