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Author Topic: Person need faith in Bitcoin to hodl am.  (Read 289 times)
Mate2237
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October 25, 2024, 07:22:53 PM
Last edit: October 25, 2024, 07:33:59 PM by Mate2237
 #21

Well to some extent faith is needed but action is needed more. It is only those who do not believe in bitcoin need faith to invest in bitcoin but for those who are acquainted with bitcoin put more action than faith. All what you have to do is to invest and after the investment, you monitor the price to know the bear or the bull and the ATH so that you can sell at the ATH. In the Biblical reference, it says, Faith without action is dead.

Many are afraid to invest because of the volatile nature of bitcoin but that is not the case for the believers of bitcoin they know when to invest and when to harvest. Don't rush in bitcoin investment and of do rush then you invest in vain and lose. So always be patient in investing in bitcoin.


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October 25, 2024, 11:30:22 PM
 #22

Fear no de weda bankruptcy or scams go happen and people get complete trust for am, dat na why I de bow for Bitcoin. Me sef I follow get dat faith say our decentralized Bitcoin no go fall our Hands.
You be ur own bank wen it comes to Bitcoin and na why bankruptcy nor go fit happen. Na you hold ur passphrase/privately, na you hold it destiny for hand. Yes, na true sey most of us from experience don learn how to dey count on Bitcoin to do wonders every four years or circle. But believe me, dat wan go soon change. Nothing on earth remains d same forever.

My expectations from things wey I dey monitor be sey dis bull run is likely to be the most intense and e fit be the last to follow dat every four years interval. A lot of watchers and analysts sey e go be parabolic (na dem grammar, not mine). Well, anyhow wey e bi make we kuku enjoy am small until upset happens.

Congrats to those still hodling till dis moment. As for me, $120k–$150k remains my target before I touch d atachiri mbi wey I get.

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icebar
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October 26, 2024, 08:45:18 AM
 #23

If we use faith and confidence to hodl BTC, it will surprise us with good result because d main reason people are putting their faith and confidence in BTC hodling is to make profit when d bull run begin to flowing in d market. I have seen many people started hodling their BTC when d price was $10k, but dey didn't sell because dey have faith and confidence that d price will cross $70k before dey can sell which dey finally sold their BTC when d price hit $73k this year which is the hand work of faith.

Even d holy Bible make us to understand that faith without work is died, so when u are putting faith in your hodling, make sure u monitor d market price every night and day for u to earn some good from your hodling.
I agree with you. To make people believe in Bitcoin (BTC), we must invest gradually rather than all at once. BTC’s price goes up and down a lot, so putting in a big amount all at once is risky. If we invest a little from our monthly income every week, using the Dollar Cost Averaging (DCA) method, we reduce the risk.
Our main goal is to make profit, and one way to do this is by holding onto BTC. Right now, it’s a golden opportunity to invest in BTC. If you want to profit from BTC, it’s best to hold it for about four to five years. This way, you have a higher chance of making a profit with less risk.

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October 26, 2024, 10:15:21 AM
 #24

If we use faith and confidence to hodl BTC, it will surprise us with good result because d main reason people are putting their faith and confidence in BTC hodling is to make profit when d bull run begin to flowing in d market. I have seen many people started hodling their BTC when d price was $10k, but dey didn't sell because dey have faith and confidence that d price will cross $70k before dey can sell which dey finally sold their BTC when d price hit $73k this year which is the hand work of faith.

Even d holy Bible make us to understand that faith without work is died, so when u are putting faith in your hodling, make sure u monitor d market price every night and day for u to earn some good from your hodling.
I agree with you. To make people believe in Bitcoin (BTC), we must invest gradually rather than all at once. BTC’s price goes up and down a lot, so putting in a big amount all at once is risky. If we invest a little from our monthly income every week, using the Dollar Cost Averaging (DCA) method, we reduce the risk.
Our main goal is to make profit, and one way to do this is by holding onto BTC. Right now, it’s a golden opportunity to invest in BTC. If you want to profit from BTC, it’s best to hold it for about four to five years. This way, you have a higher chance of making a profit with less risk.
If you can afford it, you can get a holding of Bitcoin with a single purchase. Depositing Bitcoins through DCA requires a lot of time which many investors may not have the patience for so if anyone has enough money he can do it. However, the DCA approach is an attractive approach to Bitcoin investing as discretionary income allows small amounts of Bitcoins to accumulate and long-term management with large holdings increasing the potential for high profits. However, experienced investors advise that an investor should run multiple cycle deposits of 4-10 years to get desired returns from Bitcoin.
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October 26, 2024, 11:15:15 AM
 #25

I reason say e take a lot of faith in something for people to continuously put dem money inside for many years and believe say dem go de get plenty profits on the long term. If no be strong faith, how come people de put dem money inside something wey no get any physical structure? Infact as far as I know na only Bitcoin be di investment wey de completely decentralized and im no get any centralized office wey people de put dem money inside.

Not faith but facts, Bitcoin dun run am for people times without numbers so others go believe in am as e no dey fail. E never cast anybody wey invest in am so why people go dey doubt him abilities to give you better profits.

Using faith na when no past record dey but this one na say record dey say, see how the market they move at this particular times (Bulls ams Near market). ATH go come after every halving, until Bitcoin miss one na when doubts go begin come but for now wey be say e never fail, na to just dey trust am dey go.

People no need faith as with faith e just belike e fit no  happen as you just they hope but this one na say it's 99.9% guaranteed say Bitcoin price go always better pass when you invest so na just for you to invest without having second thoughts.


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