Bitcoin Forum

https://www.youtube.com/watch?v=nxIdUzmZusY

Meaning : One must take risks in order to achieve a goal or glory. One who does not try, does not succeed.

This goes out to all the newbies out there and all the people who are becoming despondent with the Bear market.  Jack Hoffman from the Gold Rush TV Series kept on motivating his fellow miners with these words and they grew from a small team of people and only a few ounces of Gold in their first season to a bunch of miners that mined loads of Gold in the last couple of seasons.

It is reported that Todd Hoffman's annual salary from the show was about $400,000 and his overall net worth is around $5 million.  8)

This show is all about guts and glory and fighting to the very end and it is also very applicable to the Bitcoin community. We are faced with massive challenges, like shills spreading fud and governments pushing against Crypto currencies and competitors creating Alt coins and hackers attacking Bitcoin based services and lots more, but we still push through and Hodl strong.

I truly believe, in Jack Hoffman's "No Guts No Glory!" way of thinking, when it comes to Bitcoin. Let's push through these challenges and reap the rewards, when it happens.  8)

Am with you on this one, thanks for the motivation in this time of testing and only those who pass the test of hodling will celebrate when the bull market comes. It doesn't matter how many people started the marathon but those that cross the finish line are those celebrated.  I join you in arguing the newbie to develop a habit of hodling, it does pay.

I use to watch this show some years ago on my TV and found it pretty interesting then. It features amazing rush by gold hunter to mine Gold by reaching different places around.

This surely also applies to investing in Bitcoin and Holding it. Bitcoin is just like a digital gold who's value is sure to grow as the demand increases. If you show no guts in investing good sum of money in Bitcoin, you would also not get the Glory to earn big profits from it.

Todd Hoffman's motivation made him a millionaire from just a couple of achievement in start to large sum in future. If all of the crypto investors have same way of thinking and motivations, Bitcoin can become the strongest currency in the world one day.

I think we've already got some part of those glories, not once but several times. For example when Bitcoin reach $1000, $3000 or ath $19k. Holding is a great strategy but I think knowing when to enter or exit the market (especially when the market is still very immature) is more important. Not saying that you should sell and forgot the hold spirit, but maybe it's more of holding + smart management.

Can't speak for the others but I do agree with this statement. Well I definitely believe in bitcoin but I do as well recognize the possibility that the situation may turn different from what I want, hence plan b's are definitely a must to make sure that the damage won't affect my life greatly, if ever it happens.

But yeah, the greater the risk, the greater the reward. I may not gain much but a gain is a gain and it'll always be a positive thing. That's just my take on this matter tho, I believe everyone has their own.

Never fear of losing money, even the successful business men start from zero to rich. No matter how risky it will be as long as you stayed and fight. Management also needed for you to succeed in what you're trying to achieve. Guts to take risk and earn your glory that means you know how to manage despite of taking risky decisions.

Everyone who hodl thier coins since last year until now will get bigger profit when the bull run started. Now i know for sure that  hodl is risky but worth it.

I think there are still people who bought bitcoin since last year and waiting for bullrun and it's also possible that there's some people who bought bitcoin where the price is at $3000+ right at the moment. For those who had much money to buy bitcoin right now then it's a good chance to hodl more bitcoin until ot reached higher price then sell.

You still manage your risk, if you secure your coins and manage to Hodl them in a safe place.  ;)  The Smart thing to do, is not to panic and to keep on  buying in spite of all the negativity around you. <You do not have to buy large amounts of coins every month, a $100 here and a $200 there, will still be enough to secure a nice hoard, for when this goes to the Moon.  8)

The nervous and emotional Bitcoiners will panic quickly and this is where they will make their first mistake. Sheep follow the herd and sheep dogs lead the herd. Are you the sheep or the sheep dog?

A lot of the optimism from the last bull run has begun to gradually wear off. The first few months after the onset of the bearish trend, most were still in the euphoria if the FOMO and shilling going around.
All that has been all but replaced with uncertainty and doubt.
Most noobs like myself, with limited understanding of the dynamics, are hopeful that if it happens before the market could push for another bull run (I don't know if that counts).

No Work! No Pay!

No Investments,... fine. I can still earn money :P
No Faith,... fine. I can work :P
No BITCOINS!,... ???  Come on, we're already on the tech years, can anybody still not hold it out while knowing its value?

No one who is at least know something about bitcoin is probably not, and should not be too worried about the price. In ten years of existence bitcoin has passed a similar situation several times, after big pump always follows correction. Some of the biggest corrections / crashes :

• 2011 - From 29$ to 2$ /-93%
• 2012 - From 16$ to 7$ /-56%
• 2013 - From 259$ to 68$ /-73%
• 2013-2015 - From 1147$ to 177$ /-84%
• 2017-2018 -From 20 000$ to 3000$ /-81%

Holding coins is one of the strategy which is successful for long-term investments, and we can see that anyone who invest by buying / mining coins from early years until first few months of 2017 is in profit today. This bear market is great for anyone who wants to join in, this is time for buying because next time bitcoin is start pumping it is realistic to expect that price will exceed last ATH. It is impossible to predict time for new big pump, but if history repeats itself, my bet is that this could happen after halving 2020, probably in second half of 2021.

Well I don't not mean to be pessimistic but there hasn't been encouraging improvement in the prices of coins from last year on to this year.. Holding don't just mean for a year but most time a longer time than that

The YouTube video is loop repeating the same words over the span of ten minutes, probably not worth sharing. But the message is pretty clear. Hodling in the midst of the current market crisis.
Education on the bitcoin network and it's potential would help encourage hodlers to keep hodling for the golden days.

No risk no reward.  America is a nation of ristakers and I believe those who take risks now with bitcoin will be richly rewarded in the future.  Keep the faith everyone. 

I've written a topic about Why I'm Not Ready To Sell My Bitcoins? (https://bitcointalk.org/index.php?topic=5110921.msg49782534#msg49782534) In fact, this is not a topic for about me but an old one from 2013 (https://www.forbes.com/sites/timothylee/2013/02/14/why-i-dont-think-bitcoins-big-price-rise-is-another-bubble/amp/) that takes about a user who did not sell Bitcoin when it fell below $27.
Let's say what happened in 2017 gives us some hope.
Maybe after a few years others will write how the price was so cheap at 2019 [$ 3950]

This term may be correct, but newbies should be careful when analyzing what it entails, for a truth crypto investment is a risk and one must take a certain amount of risk in it
But when taking such risk, always make sure not to invest too much, that's far more than you can spare all in the axiom of taking risks.
Risks should be wise ones, and ones that wouldn't require you losing all you have incase it doesn't work out as planned

Everyone should split the risk in their portfolio into different risk categories, namely : High risk / Medium risk / Low risk. So you will always try to protect your investments by not having too much money invested into high and medium risk investments. This is why the "All IN" approach to Crypto currencies in a portfolio is NEVER a good idea.

Manage the risk, but always make sure that you channel a share of your high risk investments to Crypto currencies.  ;)

Why OP and all here is so excited in holding ? Do they think all those transacted BTC in buying pizza and other goods do not have glory. In fact the guy who transacted BTC got more glory then anybody else here.
Get your head straights , there is no glory in holding. Glory is in finding the utilization and creating the use case for BTC.

It is more about the guts not to sell everything, because you lost faith in the technology, than not using the bitcoins. People should follow the 80/20 approach with their coins, by using 20% of all the new coins they buy and hoarding 80% for the future.

The main aim of this thread is to motivate people not to lose hope and to encourage them to resist the temptation to panic and not to sell all their coins. <People panic very quickly, when they see the price going down>  ::) 

Unless if you invested in BitConnect and other shitcoins