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Author Topic: My rewards for hodling despites the challenges.  (Read 353 times)
AVE5 (OP)
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February 27, 2024, 06:05:50 AM
 #21

Well, you can keep on postponing your marriage, but just be careful that your fiancé might just walk away, thinking that you are putting "money" before your love for her.

Men look at the practical things in life, like having enough money to pay for a marriage, but a lot of woman look past that and just want to be married, no matter what happens in the future.
Point of correction, I'm a married man and I've been emphasizing on annual marriage anniversary with my wife here.
You can read through my previous thread for clearance sake https://bitcointalk.org/index.php?topic=5484809.msg63648866#msg63648866.
My point of action was that I skipped my annual marriage anniversary ceremony because it is just of pleasures and the family needed more money than spending the little we had. So the marria annual anniversary ceremony would always come times after time but we must chase the income first.

Let me tell you, everyone must not be so rich as thought and  if you are not one of the rich guys then you must be financially economical strategical to maintain an affordable role for providing for your essential needs. This is just as accumulating your bitcoin in the DCA method so also you plan yourself life the DCA method.

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February 27, 2024, 06:43:44 AM
 #22

We all have our own decisions in life mate and let no one blame or degrade your for everything you decide in life so have them nothing but do your things.

and who cares about that marriage not taking place when your partner understand your side then why others does not?

Congrats to all your challenges and success and more to come mate.
What you say is very good, in deciding something of course we have thought about whether the decision we make will be good for us or not and we have studied it well according to the knowledge we have that what we decide will be better for us and if If we are still unsure about the decision we have made, we can review it or ask for advice from other people, but don't let us be influenced by advice from other people if the advice is not in accordance with the knowledge we have.
Maybe this is the reason why he posted this here to seek advise from People outside His compound and seek for other answers aside from those close to Him .
Like what the Mindful people says "Your Life , Your Decisions" but also No Man is an Island so seeking for answers will not hurt us from doing.









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February 27, 2024, 06:46:49 AM
 #23

-snip-
Point of correction, I'm a married man and I've been emphasizing on annual marriage anniversary with my wife here.
You can read through my previous thread for clearance sake https://bitcointalk.org/index.php?topic=5484809.msg63648866#msg63648866.
My point of action was that I skipped my annual marriage anniversary ceremony because it is just of pleasures and the family needed more money than spending the little we had. So the marria annual anniversary ceremony would always come times after time but we must chase the income first.
Some people don't read carefully and tend to misunderstand and be out of sync with what you say. I know you missed the wedding anniversary celebration you mentioned on the main page – but a small celebration like that doesn't require much of a budget. Just keep it simple because after all it is something that is always memorable.

There are lots of ways to save money on things you don't really need - not only do you avoid celebrations, but you can also save money on lifestyle expenses. Look at how many people buy iPhones for lifestyle or prestige - while ignoring investments that could buy them dozens of other iPhones in the future.

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February 27, 2024, 07:48:24 AM
 #24

Well to you op it calls for celebration but in my perspective we have a long way to go before the next bear market will come and in this times Bitcoin will be on appreciation lane so you should still be accumulating.

I wouldn't judge any of your actions, yes it's the fact that you left a 0.1 BTC in an exchange whereas you should be aware that keeping an amount that is equivalent to a 500 dollar and above is very much discouraged. with such a profit or about you should have a hardware wallet or create a cold wallet storage as soon as it hits a good profit.

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February 27, 2024, 08:01:12 AM
 #25

I got your point, but one thing I am confuse of is, you said you want to skip the marriage ceremony but are you still going to marriage like in the simplest way, whatever the tradition is, you won't spend money on extra things, but only spend on what is needed?

I guess he meant his marriage anniversary, not complete marriage. I might be wrong, but who misses marriage? Nevertheless I am happy for you OP, the time you gave to the coins, gave you sufficient profits in return. I will suggest you to hold it more. The price will again go double, and you might make double profits that now you have.  People don’t show trust in coin and later blame it when they don’t make good profits. Buy cheap and hold it for long time, this is the golden rule to make profits.

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February 27, 2024, 08:32:23 AM
 #26

Oh bitcoin that I am well pleased, Indeed bitcoin is a potential hope for a great future.
Sometimes ago, I made a post concerning the skipped of my annual marriage ceremony because I needed to safe and hodl my bitcoin due to the attractive market season. I mean the halving clocking to the bull run. Lot of forum users here fumed at me that my excuse for skipping my marriage ceremony wasn't enough, some said if I wasn't qualified to married if I'm not financially stable yet, some said I should have investment aside at times and face my responsibilities.
https://bitcointalk.org/index.php?topic=5484809.msg63648866#msg63648866
I don't support any form of wasteful spending because it has its financial demerits. People spend too much on unnecessary things that can be avoided such as birthdays and anniversaries. You don't need to throw a big party to celebrate birthdays because I see people borrowing because of birthday celebrations which I see as highly unnecessary. The only expenses that can stop me from saving are basic needs such as food, clothing, housing, education, health, care, and security.

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I really didn't blame any of them because the thread was ought for discussion with individuals contributions but yet, I was never being able to be convinced by all that because I've my own vision too.
I stood by my hodling by minimizing my financial responses because I know reliabilities would always come and so as the so marriage ceremonies but if the finance is not there then the whole of it is ruined

You have to take responsibility for your actions because public opinions are not always correct. So I support your decision to skip your celebration so that can invest in Bitcoin because there are still more things to celebrate in the future.

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I deals on local weakened currency which I would say it has lost its value over the US $ and with the current situation of the downtown economy including the inflation in town, I would proudly say that I am a big boy in Town with the value of bitcoin I have got in my wallet
I am still hodling and ain't selling yet untill time tells. I can't really say that I would engage on a long term investment but I am sure of making huge profits in my period of hodling and if by so my wife is aware that this is the sum of money i have realized with the little amount of fund I invested in, it is certained that she would regret all that or her actions towards choosing ceremony of pleasures than chasing incomes.
I don't care about any Investors here would mock at my boosting actualization here in this bitcoin market, all fingers ain't equal that is just the fact and I am proud of myself and I hope more values would still be added to my current values as long I keep hodling.


I am happy that your investment has become fruitful and you are making a profit. You said your country's currency is losing value which means there will be inflation. You are not a big boy because there will also be an increase in the prices of goods and services. However, you made the best decision because you will make a profit from the increase in the price of Bitcoin and the dollar when you want to sell. Which means you used Bitcoin as a hedge against inflation and investment.

R


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February 27, 2024, 11:23:12 AM
 #27

Holding Bitcoin is not regretted but a rewarded decision.
I'm not going to say that you are right about delaying your marriage because you prioritize investing but sometimes we need to decide which is the most important even if it hurts someone. And you are doing this for a good reason which is about preparing your future. Some people may not see it as acceptable but those who see how important it is will understand the situation and give support.

Sometimes we need to be practical and sometimes we need to sacrifice our happiness in exchange for having a better future.
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February 27, 2024, 06:59:34 PM
 #28

OP, I read to know how much you invested that gave you such ROI within a short period of time. Anyway, I applaud your decision. Those who would criticize you don't really know the situation in the country you're from. There's no time for frivolous spending now the way things are going. Those in countries where they can afford to replenish whatever they spend within days can go celebrating anniversaries year in year out but for those in auster countries with hyper inflation hitting them badly, it's a sinful pleasure so to say. I can have a decade wedding celebration, a silver or golden/diamond/wooden/rust celebration or whatever they call them but to have it yearly, I see that as a waste of resources and energy. I hope you haven't converted your crypto to fiat because we're about to embark on a rollercoaster in this space going forward.

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February 27, 2024, 07:37:43 PM
 #29

It really does not matter on what other people would say to you about your choices because it is your right and you have future plans not only for your anniversary but for your family. I can say that you have chosen a smart decision because as you have said marriage is liability and if you used that money to spend for a celebration you are missing the chances and ooportunities to gain profit in the upcoming bull run which we can feel just recently.



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February 27, 2024, 07:39:48 PM
 #30

Holders never lose. So once again, you proved that. So your story is not to waste money by celebrating marriage ceremonies and investing in Bitcoin. I will say it was a right decision at all. The result shows us how your holding has grown. You sacrificed something that isn't mandatory, and as a reward, you got a decent amount from your investment. Also, I think you don't have to wait for a long time. Luckily, it seems the market started pumping when you invested. However still you can keep investing by following DCA strategy and this is the most popular strategy nowadays to build your portfolio. 

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February 27, 2024, 08:05:57 PM
 #31

That is the difference between someone who doesn't let other people affect your decision making even if they say hurtful words compared to those who easily get swayed by other people in making decisions. This would be my reply to those people if I am in your situation, "You do what you want to do and i'll do the what I want to do and the decisions I will make in the future. If I lose profit in my investments then it's nothing to do with you and also It's not like I use your money for investing in Bitcoin but my own hard earned money and it's also not your money that I will lose in the future if that happens. I think they might become jealous of you if your decision that time bore fuit (earning profit, so you should also be careful).

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February 27, 2024, 09:05:11 PM
 #32

Congratulations but I will say the same thing that this type of celebration is important to keep your relationship. Your wife might understand you but what happens when you fail and who's going to be with you? It is none other than your wife and that's why you have to celebrate even the small wins that both of you have because I don't know what type of challenges that you have been with and that's why I'd say the same thing as the others but good thing that you have never blame any of theirs. Because once you publish your stories on the web, expect that there are good and bad comments about it.



 

 

 

 

 

 


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February 27, 2024, 09:11:02 PM
 #33

I guess he meant his marriage anniversary, not complete marriage. I might be wrong, but who misses marriage? Nevertheless I am happy for you OP, the time you gave to the coins, gave you sufficient profits in return. I will suggest you to hold it more. The price will again go double, and you might make double profits that now you have.  People don’t show trust in coin and later blame it when they don’t make good profits. Buy cheap and hold it for long time, this is the golden rule to make profits.
You might be right about the marriage anniversary, but I thought he was talking about the events that happen during the marriage, like the money on decoration, inviting numerous people, spending money on food, etc., etc. but if the OP is talking about the anniversary event then he should not think about it that much because on marriage anniversary not that much money is needed.

This means you don't have to spend a hell lot of money on only anniversaries, you can also give small but cute gifts and can enjoy the anniversary, well, dearNrcewker I don't think he is talking about anniversaries because he won't be needed that much money that he began to worry about his holdings and thinking about either he should hold then or sold them, I think he is talking about marriage, no one misses marriage but maybe a delay, and that's what OP might be asking!

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February 27, 2024, 09:26:28 PM
 #34

To be a successful bitcoin holder and investor, you need patience and you have to face some challenges which is specifically financial challenges that will lead you to touch your investment; overcoming such challenges is the main work which if you have successfully done that, you will see the benefit of holding.
Congratulations for attaining this stage of holding, you have done well even though exposing what you have is not advisable but your effort to accumulate such amount is massive, I will advise you to keep it up.

R


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February 27, 2024, 09:36:27 PM
 #35

i believe you made the right choice as i am sure your wife is also happy with your decision
i see nothing wrong with your decision to be honest, not everything needs a big or grand celebration just something simple that celebrates the true purpose of the day would be enough i believe.

congrats on your anniversary and to your bitcoin journey!

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February 27, 2024, 11:22:42 PM
 #36

My point of action was that I skipped my annual marriage anniversary ceremony because it is just of pleasures and the family needed more money than spending the little we had. So the marria annual anniversary ceremony would always come times after time but we must chase the income first.

Let me tell you, everyone must not be so rich as thought and  if you are not one of the rich guys then you must be financially economical strategical to maintain an affordable role for providing for your essential needs. This is just as accumulating your bitcoin in the DCA method so also you plan yourself life the DCA method.
I think you made the smart money decision. I think renewal of vows and wedding anniversaries should be a private thing because it’s more personal that way, people just find ways to spend money on making big events to impress. I’m a big supporter of DCA and hodling for long term. I’m only concerned about you keeping your coins on Binance, and also posting your savings online. You should be more careful about your privacy, Bitcointalk is anonymous until you compromise your identity.
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February 28, 2024, 11:12:13 PM
 #37

Well to you op it calls for celebration but in my perspective we have a long way to go before the next bear market will come and in this times Bitcoin will be on appreciation lane so you should still be accumulating.

I wouldn't judge any of your actions, yes it's the fact that you left a 0.1 BTC in an exchange whereas you should be aware that keeping an amount that is equivalent to a 500 dollar and above is very much discouraged. with such a profit or about you should have a hardware wallet or create a cold wallet storage as soon as it hits a good profit.

Thanks @Churchillvv. I actually never thought to hold my coins for too long so I thought of boycotting the transaction charges from the hardware to the exchange wallets. But with how much convinced I've been to this crypto market via the appreciative volume of my holding Bitcoin as result of the bull-run season, I don't mind it o keep holding til the peak of this great crytop runs.
So as my holding wouldn't be sold out so sudden as formally expected, I'd consider picking the opinion to reinstall my holdings to a recommendable and reliable hardware or the cold storage just as you suggested.

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March 02, 2024, 02:02:33 PM
 #38

I'm happy for you after learning that your actions worked positively for you and you have got more value for your investment by holding and not selling, however, since we know the market is unpredictable and it could also go down from the point where you started holding, and if that had happened, I believe you wouldn't be making this post and might have regretted not selling earlier and celebrating your anniversary with the money.

That being said, it depends on an individual's mindset and how they see things for them to make such decisions because it's your money, it's you who is going to either benefit or loss from it, so you might want to hear people make suggestions but the final decision should always be yours to make.

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March 02, 2024, 03:06:34 PM
 #39

<snip>

I do agree with you dear as you said spending more money on wedding ceremony is the too unusual and unnecessary thing which we can notice or see at many wedding ceremonies around us. This thing getting promoted to the younger generation and also making many things difficult let's say a poor person wanna get married. He does have not that much money to spend like a rich man. He may feel embrace infront of people to maintain his standard. So it is important to stop spending money of weeding unnecessary things.

Besides all that, this bull season is going to be very good as some days ago one of my community members shared an analysis review that mentioned Bitcoin can go $200k in this bull season which means money money everywhere haha (kidding). But the analysis impressed me well we should not rely on a single analyst though we should also DYOR we reduce our risk. OP should also invest a miner of his investment into the altcoin and investing in altcoin is a very picky part it also needs good research before investing in them. OP the majority of your amount should be in Bitcoin. DYOR!

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March 02, 2024, 04:17:23 PM
 #40

I don't know what kind of society you live in, but putting profit before your wife's happiness is not something that makes sense to me personally. Also, I don't know what kind of anniversary celebrations people do in your place, but I would take my wife to a romantic dinner and it wouldn't have to depend on the price of Bitcoin or anything else.

Another thing that makes no sense is that, as some have already said, you store your coins on a CEX, and also for security reasons, it is wrong to publicly publish information about what you have. People don't publicly publish their bank account balances, I don't know why they do that with cryptocurrencies.

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