Have you changed your mind about BTC over time?

[rdluffy]

I'll add a question for you guys:

If BTC is adopted as a store of value by the United States, would you change your strategy with BTC?
Instead of selling, would you be inclined to hold on to BTC for a while longer, knowing that such a move could raise the value of BTC and even create stability at a higher level?

[KingsDen]

What do you think? Do you have the same opinion?

I started off with bitcoin with thesame mindset as yours. I just wanted to buy bitcoins, convert them to fiat once the price appreciates and get rich. Yea, i started off with the "get rich quick" mentality. But right now, I also cannot imagine converting all my bitcoins to fiat. The principles of financial freedom and decentralization makes sense to me more now. Converting everything to fiat will be taking me back to the traditional system, keeping me stuck there.

I'll add a question for you guys:

If BTC is adopted as a store of value by the United States, would you change your strategy with BTC?
Instead of selling, would you be inclined to hold on to BTC for a while longer, knowing that such a move could raise the value of BTC and even create stability at a higher level?

To be honest, with this scenario, I would hodl unto my bitcoin.

[Crwth]

Initially, that’s how I felt as well. I am happy that I am not the only one.

Anyway, I think it depends on what you’re doing with the money you have converted with Bitcoin because if you trade it, for example, you could profit from it and then buy more. So, if you are waiting and not doing anything, I believe holding Bitcoin would be the best option.

[bitbit97]

Not a single person here said that he has used bitcoin for anonymous transaction, nor that he wants to encrypted transaction, or said anything about staying in shadow. Everyone are twisted on earning, investment and getting rich easy. Nearly no one is interested in technology. Dont you find it sad? That people invented something, which ended simply in another  money making process.

[rby]

I'll add a question for you guys:

If BTC is adopted as a store of value by the United States, would you change your strategy with BTC?
Instead of selling, would you be inclined to hold on to BTC for a while longer, knowing that such a move could raise the value of BTC and even create stability at a higher level?

Though I've already made a lot of profits with the recent surge in the price of Bitcoin but if for any reason the United States decides to adopt Bitcoin as a store of value, I'l prefer holding on to what I have already because I know the price will definitely pump up than what we currently have.

[Mate2237]

If BTC is adopted as a store of value by the United States,

Please I missed understand your question, can you rephrase it because bitcoin is already a store of value in all nations and it only foe them to adopt it. There are participants in the two forum that were in bitcoin investment for a very long time and today their investment has turn to millions and trillions and that is the store of value I know so I don't know if there is another specific store of value US has to do before indigenes there can invest in it. Now if I really understand bitcoin, it was created as to buy and sell things online which is the main p2p of transaction but along the line, people kept bitcoin in their wallets and it appreciated in values so the store if value became an existing protocol in the network.

So we are all waiting for US to adopt bitcoin as a legal tender which will make the price rise up again. Please if am wrong correct me. We learn everyday.

[milewilda]

I'll add a question for you guys:

If BTC is adopted as a store of value by the United States, would you change your strategy with BTC?
Instead of selling, would you be inclined to hold on to BTC for a while longer, knowing that such a move could raise the value of BTC and even create stability at a higher level?

Though I've already made a lot of profits with the recent surge in the price of Bitcoin but if for any reason the United States decides to adopt Bitcoin as a store of value, I'l prefer holding on to what I have already because I know the price will definitely pump up than what we currently have.

People do decide on how they would really be managing out their Bitcoin holdings or other coins as well, there would really be those individuals who would really be trying out to deal up with
holding and there are ones who do really tend to make out those short trading or active dealing on the market movement or volatility. There would really be those people who
would really be loving on taking up the risks on acquiring that possibility that they can make money or profits, but there would be those people who would really be just that deciding
that they do simply hold and wont be dealing up with something that they cant be able to handle it out.

[Hisbullah]

Initially, that’s how I felt as well. I am happy that I am not the only one.

Anyway, I think it depends on what you’re doing with the money you have converted with Bitcoin because if you trade it, for example, you could profit from it and then buy more. So, if you are waiting and not doing anything, I believe holding Bitcoin would be the best option.

Trading with bitcoin or just holding bitcoin both can benefit from the increase in bitcoin price. Most of my bitcoins I hold and some I trade with other potential altcoins. I do both because I think holding is a safe way and I take risks by trading to take bigger profits. The bigger the risk, the bigger our chances of getting profit. but I always take risks measured and not carelessly.

[taufik123]

Trading with bitcoin or just holding bitcoin both can benefit from the increase in bitcoin price. Most of my bitcoins I hold and some I trade with other potential altcoins. I do both because I think holding is a safe way and I take risks by trading to take bigger profits. The bigger the risk, the bigger our chances of getting profit. but I always take risks measured and not carelessly.

You use both methods i.e. trading and at the same time hold, when the price starts to go high and touches the top resistance then you will sell some to take more profit and when the price starts to fall back to the bottom price or at the strongest support you start buying back.

This can be called swing trading, as you take advantage of each price swing to enter and exit with accumulated profits and assets that keep growing.

I also often do it for the same coin like bitcoin and for other coins it will probably adjust to the crypto market conditions at the time.

[Fivestar4everMVP]

When I got to know Bitcoin in 2017 it was through ETH, and at first I just wanted to make some money and that would be fine

As time went by, other people's ideas and opinions, especially on forums, about BTC, left me with doubts, such as BTC being worth 1 million, BTC being used by governments, BTC being used as a hedge against inflation, or as a way for people living in countries with horrible governments

I realized that I've changed my mind a lot, and if in the beginning I just wanted to sell BTC and have more fiat money, today I can't imagine not having a good amount in BTC for the future. I would feel uncomfortable if I now sold all my satoshis and kept only fiat

What do you think? Do you have the same opinion?

I think we pretty much fall in the same category bud, I discovered about bitcoin way back late 2015 and it was after being scammed through mmm (a very popular ponzi scheme at that time), I would go into that story of how I came to the knowledge of bitcoin since that is a really long story, but let me say that just like you, I came for nothing else but for the money, i came into crypto to gather as much bitcoin as possible and sell it for fiat, but overtime, this very mindset have changed completely, seeing how much bitcoin has grown and how much value our local fiat currency have lost, I need no soothsayer to tell me that Bitcoin is indeed a good hedge against fiat currency.

Today, I try the best I could to keep less fiat currency while I try to keep more bitcoin, only selling a very insignificant potion of my bitcoin to convert to fiat anytime I need it for day to day expenditures.

[Aanuoluwatofunmi]

I cant change my mind towards bitcoin for any reason, not even when other altcoins are fast rising and bitcoin is on dip, because what i will later discover is that there is only one confidence and reliability in bitcoin than other coins when we invest in them, bitcoin will never fail while any other altcoin can come up in a very funny and surprising formats, we should know this in addition.

[Hisbullah]

I cant change my mind towards bitcoin for any reason, not even when other altcoins are fast rising and bitcoin is on dip, because what i will later discover is that there is only one confidence and reliability in bitcoin than other coins when we invest in them, bitcoin will never fail while any other altcoin can come up in a very funny and surprising formats, we should know this in addition.

If you want to be safe in investing in crypto, bitcoin is the most appropriate choice. because bitcoin has a low risk level if you buy when the price is still low during the bearish season and hold it until the bullish season of course we will get profit.
While altcoins are riskier, that's why many people prefer the top altcoins as their preferred coins because the risk is lower and has quite high popularity.
there are many potential altcoins that we can buy such as ethereum, solana, BN, XRP and maybe TON can also be one of the potential coins of choice.

[bayu7adi]

I realized that I've changed my mind a lot, and if in the beginning I just wanted to sell BTC and have more fiat money, today I can't imagine not having a good amount in BTC for the future. I would feel uncomfortable if I now sold all my satoshis and kept only fiat

What do you think? Do you have the same opinion?

It seems like this also happened to me, but what is suspicious is whether this could be the beginning of greed? Actually selling at $80k was my goal, but it turned out that I didn't want to miss the moment when BTC touched $100k and it made me like someone who had forgotten my initial goal, meaning I changed my mind too... this is like greed in my opinion, but at least I have to be able to control this bad trait.

It feels empty if I don't have BTC, so selling my last BTC was a decision that turned out to be quite difficult and I haven't been able to execute it until now.

[LUCKMCFLY]

Even if I would have sold all the satoshies and now I am with some stable currency, my mind would not rest until I put that money to work. I am finding alts to invest in and still finding BTC the best option to invest in.

You said it well my friend, the best option for investment will always be BTC, for those who want to diversify I recommend bitcoin, of course apart from that you can invest in other alts that have their good risk but are very acceptable, that depends on the way of being of each person, I personally have a lot of confidence in btc, in what it can achieve and in what it can convert this December, we are not in December yet, but I think this December will be very green, so Christmas will not be red but green and if the alt season comes it will probably be green.

[rdluffy]

...

It seems like this also happened to me, but what is suspicious is whether this could be the beginning of greed? Actually selling at $80k was my goal, but it turned out that I didn't want to miss the moment when BTC touched $100k and it made me like someone who had forgotten my initial goal, meaning I changed my mind too... this is like greed in my opinion, but at least I have to be able to control this bad trait.

It feels empty if I don't have BTC, so selling my last BTC was a decision that turned out to be quite difficult and I haven't been able to execute it until now.

This is completely normal hehehe, when you see a coin rising in value, it's hard to sell, I know that feeling
I'm glad you didn't sell because right now in 98k is a great rise on your satoshis

I struggle to sell any coin because somehow I think there's no better opportunities right now outside cryptos, but talking about BTC I feel extremely important to have some satoshis during my life, for hold more than 5 or 10 years for example
Looks like BTC is turning into a good protection against inflation and other problems