Bitcoin is for Holders!

[decodx]

And there is yet another group that is not mentioned often enough but there are people that just want to use bitcoin to buy stuff, they do not want to be investors and they don't want to be traders the only thing that they want is for bitcoin to give them the freedom to buy whatever they want without the government find out and snooping in every single transaction that they make, and I have the feeling that group is going to be a lot bigger than the other two in the future.

In order for bitcoin to reach its true potential, and to actually make an impact on people's lives, there needs to be more and more usage and adoption, we need more people to start to understand what it is, to purchase goods and services, and become part of the ecosystem. If the technology can be more mainstream, the ecosystem and businesses can start growing.

[Issa56]

Bitcoin is really for the holder if you are not strong minded I believe you should avoid bitcoin. Bitcoin is not for the weak the more you hold your bitcoin the more your profit increases. There are other set that don't hold but trade those once are the trader's, trading is also for the strong minded people not for the weak you should have strong mind to withstand any shock. I believe in general if you want to start investing or trading cryptocurrency you should definitely be strong minded person to avoid unnecessary thinking and things like that. You must be able to hold your coin even when it is dumping.

[South Park]

And there is yet another group that is not mentioned often enough but there are people that just want to use bitcoin to buy stuff, they do not want to be investors and they don't want to be traders the only thing that they want is for bitcoin to give them the freedom to buy whatever they want without the government find out and snooping in every single transaction that they make, and I have the feeling that group is going to be a lot bigger than the other two in the future.

In order for bitcoin to reach its true potential, and to actually make an impact on people's lives, there needs to be more and more usage and adoption, we need more people to start to understand what it is, to purchase goods and services, and become part of the ecosystem. If the technology can be more mainstream, the ecosystem and businesses can start growing.

It is true that so far that is probably the weakest point of bitcoin, the problem for bitcoin is that it is so good as an investment that people do not really want to spend it especially when we have fiat currencies that lose value every single minute of the day and people prefer to keep their bitcoin in their wallet and spend their fiat instead, so I really think that until the day comes in which fiat currencies get incredibly weak and people begin to have doubts about accepting them as a form of payment then bitcoin is going to remain as a store of value.

[oktana]

We have long term and short term hodlers. Not everyone wants to hodl for long (not because they don't believe in Bitcoin) but maybe because the are contented with the profit they've made off. So, don't look at short term hodlers as weak hands

That is quite true. Some people only buys Bitcoin for gaining small profit since they have no other way to let their money grow. The Cryptocurrency Industry can present a lot of ways to earn idle income or even great income but you need to study hard if you want to earn more. Nothing is gained easily within this industry unless you can find a loop hole that would greatly benefit yourself. Hodling a lot of Cryptocurrencies is a good thing but there would be timings in which selling them would be greatly profitable for you so keeping an eye into its value is another things that can help you earn.

The cool thing about learning about crypto is that it opens room for other things! Most people don't recognize this. In the process of earning from Bitcoin and other cryptocurrencies, I have learnt a lot (Starting from crypto life lessons to real life lessons). And yet, no knowledge is a waste afterall!

[Pokapoka124]

Hodling is good, no one can dispute that but people should cash out profits whenever they can. If you bought bitcoin before the bull run in December, bitcoin was about $20k then you can sell off a certain amount at the current price of $62k. Make no mistake, hodling doesn't mean you shouldn't have a sell price target. I mean you can't continue hodling forever, the market dumps and pumps on you but you do nothing about it because you're "hodling"

[amihada]

now many say bitcoin is very good to hold in the long term because the price of bitcoin has become expensive in 2018 no one dares to say that many are selling it because the trust in bitcoin has diminished. Yesterday bitcoin price went up dramatically and there was a lot of talk about holding bitcoin over the long term and that's good. I have found many people like this take advantage of this opportunity.

[buwaytress]

And there is yet another group that is not mentioned often enough but there are people that just want to use bitcoin to buy stuff, they do not want to be investors and they don't want to be traders the only thing that they want is for bitcoin to give them the freedom to buy whatever they want without the government find out and snooping in every single transaction that they make, and I have the feeling that group is going to be a lot bigger than the other two in the future.

I'd like to offer my nod to them too. I know of quite a few as well. They're not exactly what I'd call holders. They definitely have long-term savings but they're more than willing to dip into it to run a Bitcoin-based business or even give it away to newbies every now and then. They tend to be business people themselves, and are quite high on the experimental adoption (among the first to use segwit and then lightning, for example, and almost all run a node).

Don't know if that group grows much but they're there quietly minding their own business and strengthening the network in ways that'll never be visible. Sad for us maybe but not for them.

[Rehan Zakir]

You are saying right!. The earlier holders of Bitcoins are now millionaires or might be billionaire of crypto market. And the peoples that are saying after touches to 20,000$ price, Bitcoin has dumped hard. And most of them have sell their Bitcoin and waiting for a dump. Now, price of Bitcoin is reaches to 64000$. The early sellers are still waiting for a big dump so that they can buy again.

[kopijos]

now many say bitcoin is very good to hold in the long term because the price of bitcoin has become expensive in 2018 no one dares to say that many are selling it because the trust in bitcoin has diminished. Yesterday bitcoin price went up dramatically and there was a lot of talk about holding bitcoin over the long term and that's good. I have found many people like this take advantage of this opportunity.

now bitcoin can be chosen to hold short term or long term. The most important thing is how we can process bitcoin and ensure the best bitcoin price to get profit.

[shield132]

BITCOIN is for Hodlers
Not for weak hands (I had read it somewhere, can't remember right now)

Not everyone who believes in Bitcoin will be Hodlers. There is another group called Traders. Basically, the traders are the ones who give Bitcoin  (any other cryptos too) the value they have. If you don't trade an asset it won't have value. This is also why the 10,000btc for Pizza story is much relevant in today's world. It isn't necessarily for the perceived stupidity of the dude who did the exchange but for the fact that it kick started the Bitcoin transaction on the blockchain. It's the same way that new projects make airdrops so that their tokens can be readily traded.

Technically, those who hodl Bitcoin are also traders but on a long term. At some point, they must also sell, isn't it? There is never a perfect time to sell Bitcoin too because after hodling for a few years and then selling and realizing that price continues to soar what does that make you feel like — a weak hand? So, hodling isn't enough to guarantee maximum profit or benefit too just like trading isn't.

The guy who paid 10 000 bitcoin for Pizza become a part of the huge history, that means a lot too.
Btw the ones who believe in bitcoin aren't hodlers, I would even say that these types of people buy bitcoin when they need it to make transactions in a safe way and get out of the banks control. More likely hodlers are traders, those who prefer to earn great profit by just doing nothing. They know that bitcoin will always reach it's all-time high (ATH). Day trading is very risky, it can make you crazy because of how unpredictable the market is (unless you are a whale and can make an effect on the market and price).

[shadik007]

Yes I already sold my BTC long time ago... I know this is my big mistake but now I learn it ... Bitcoin is big market for long term.. I hope it's not Stop.. congratulations for Bitcoin holder..

[rjsolutions28]

BITCOIN is for Hodlers
Not for weak hands (I had read it somewhere, can't remember right now)
[/quote]

I couldn't agree more!!! haha. This is a great time for all of us. I'm glad I bought btc here and there thru Netcoins (the only exchange i trust in Canada) before the ATH!  Let's HODL all the way! eh?

[Assface16678]

I would disagree and say that bitcoin is for everyone and not just the hodlers, remember that the panic sellers are the reason why the market is so volatile and the traders also contributes to these volatile fluctuations and I don't think that excluding other people that aren't hodling bitcoin is a good thing for the image of bitcoin.

[777Jolami]

I agree with this concept.  Bitcoin is only for holders - only hold can be successful.  Through what I know and follow the history of this space from 2018, it is almost an absolute rule.  But if you choose to use altcoin, this is not entirely true.  Bitcoin is now a "trillion asset" - a symbol of wealth.

[Dannaey]

Bitcoin is for everyone whether we are a holder or not. It doesn't matter if someone does not want to hold their Bitcoin. It’s their loss. Anyway, I’m waiting for the time that many will sell their Bitcoin holdings so I will have an opportunity to buy more Bitcoins. 😊

[kayiboyu]

Bitcoin is for everyone whether we are a holder or not. It doesn't matter if someone does not want to hold their Bitcoin. It’s their loss. Anyway, I’m waiting for the time that many will sell their Bitcoin holdings so I will have an opportunity to buy more Bitcoins. 😊

Yeah, it is the situation exactly. Holders or not, everybody can buy Bitcoin and keep it for a short-term or long-term. But tbh, I prefer HODLing it and I've reaped the benefit of it a lot so far.

[lifeforcepools]

Bitcoin is for everyone. And this is its main feature!

[Rana590]

I agree with this concept.  Bitcoin is only for holders - only hold can be successful.  Through what I know and follow the history of this space from 2018, it is almost an absolute rule.  But if you choose to use altcoin, this is not entirely true.  Bitcoin is now a "trillion asset" - a symbol of wealth.

Not only for holders but aldo for every classes of people all over the world. Yes, it is true that holders are benefiting more than any other. But traders are also important to maintain the balance of price.

[capcaypro]

actually with this bitcoin is very helpful for those who can play it.
there are some people who can get rich instantly with bitcoin, there are some who immediately fall into poverty when playing it.
we must know the basic basics that must be learned if you want to get serious in this crypto world.
but for myself bitcoin is one of the gifts that I have received until now.

[Marvelman]

It is a good time to hold. If I were to buy bitcoin now, my advice would be to hold for one year or even two. Then do a deal with yourself to sell on the upside.

Whether you love, hate or are downright confused by bitcoin, there's a good chance you’re also making a lot of money on it.