The reason to hodl bitcoin

[shield132]

I look at this task in a different way. The reason to hodl is that you don't have to make yourself headaches by day trading, just hodl and everything will be okay in future, you just have to be patient and never check the bitcoin's price unless you hear from the news sources that it's price has skyrocketed.

The argument that's stated in this thread just proves that bitcoin's price will never go down like $600, $3000 anymore. Final distination is endless, at least for a while but when the 21M will really be mined, then no one really knows what will happen, we don't even know what will happen about btc in next 20 years. Such a long term prediction is impossible because no one knows what will be invented in near future like no one could imagine bitcoin or something similar in near future in 2000s.

[Spack17]

There isn't any need to search for the reasons why people choose to HODL Bitcoin far away. HODLers aim one certain thing and that is making a nice profit in the long run. And some of them set price goals for themselves to prevent from being greedy and sell some amount when it is reached. HODL's main purpose is definitely this.

[Coyster]

I hodl Bitcoin cause it gives me the freedom to be my own bank, tbh, I love the responsibility of handling my funds all by myself, this is something that is not possible with centralized fiat currencies, but with Bitcoin, the individual is free to spend or use their coins in the way they want, that is a very good reason to hold Bitcoin. Having said that, due to the increase in Inflation in most countries and the fast rate at which fiat currencies are losing their value, Bitcoin is a good hedge to it, and another reason why many people hodl Bitcoin. The thing is, since the network is a 'free' one, quite a lot of people will have diverse reasons to invest in the currency, which is good, as long as they do not engage in criminal activities

[Ziskinberg]

There isn't any need to search for the reasons why people choose to HODL Bitcoin far away. HODLers aim one certain thing and that is making a nice profit in the long run. And some of them set price goals for themselves to prevent from being greedy and sell some amount when it is reached. HODL's main purpose is definitely this.

Well, we can't deny that and that is our main goal about buying Bitcoin. But of course, it could be changed when the market is already wide open for crypto payments, it comes to the point that we also have to use it. It was just this time that we are considering Bitcoin as a form of investment and we are predicting 10 years from now, Bitcoin will become more valuable than this time and have not to waste this opportunity to get some while it was still cheap.

[Shamm]

  For me the reason why they hodl Bitcoins cause they believe and expect that this Bitcoins that sudden increase the value . That's the advantage of Hodl for every investor.

[Chato1977]

  For me the reason why they hodl Bitcoins cause they believe and expect that this Bitcoins that sudden increase the value . That's the advantage of Hodl for every investor.

Others holds bitcoin because their Country has regulation about using this so they tend to hold just in case sometime in future they will be allowed to use it and so they are ready.

[imstillthebest]

 For me the reason why they hodl Bitcoins cause they believe and expect that this Bitcoins that sudden increase the value . That's the advantage of Hodl for every investor.

Others holds bitcoin because their Country has regulation about using this so they tend to hold just in case sometime in future they will be allowed to use it and so they are ready.

each of us has thier own reasons on why we hodl a bitcoin  .
we are lucky because we are on a country where btc is not on hold but this isnt a reason to spend all of our btc and not allocate something to hodl .
are gonna wait that our governments will also hold crypto like what is happening in other countries ? so let us all start hodling now shall we ?

[Natalim]

There isn't any need to search for the reasons why people choose to HODL Bitcoin far away. HODLers aim one certain thing and that is making a nice profit in the long run. And some of them set price goals for themselves to prevent from being greedy and sell some amount when it is reached. HODL's main purpose is definitely this.

Well, we can't deny that and that is our main goal about buying Bitcoin. But of course, it could be changed when the market is already wide open for crypto payments, it comes to the point that we also have to use it. It was just this time that we are considering Bitcoin as a form of investment and we are predicting 10 years from now, Bitcoin will become more valuable than this time and have not to waste this opportunity to get some while it was still cheap.

Exactly. Our technology keeps in advanced so definitely all money transactions will become digital in a couple of years and crypto will definitely fit on it. Even today, people are starting to depend most of their  transactions online so probably time will come that physical money will be slowly eliminated. And once it will happen, it will be a good advantage for us that we have already saved bitcoin not just for utilization but also for our retirement pension. And by that time, bitcoin has definitely a huge value in the market.

Although no one knows what the future holds but if we can be more transparent this time, then earning crypto is definitely a smart move not just for its huge value but more on its utilization purposes.

[Yaunfitda]

Only one reason I believe in, and that's the bitcoin price will continue to go up in the future and I don't want to be missing out on the possibility that bitcoin is going to be at that point and I don't get any profit from it. Pretty simple reason for hodling.

Exactly, as bitcoin become one of the best speculative asset and it is so scarce that holding will be the best thing to do to get huge profits in the future. Of course there will be a point wherein we need to cash out and make profits from our holding. But it requires a deal of mental toughness to hold for at least a year. I've learn to hold because of the pandemic though, but from time to time, I sell some for cash but I still continue to accumulate. Simply reason but very effective.

[globalpain]

Only one reason I believe in, and that's the bitcoin price will continue to go up in the future and I don't want to be missing out on the possibility that bitcoin is going to be at that point and I don't get any profit from it. Pretty simple reason for hodling.

I know why you say things like that because indeed we can see for ourselves that Bitcoin continues to increase from year to year,
Of course not all coins can experience that and when we miss the opportunity to make a profit maybe we will regret it

[xSkylarx]

Only one reason I believe in, and that's the bitcoin price will continue to go up in the future and I don't want to be missing out on the possibility that bitcoin is going to be at that point and I don't get any profit from it. Pretty simple reason for hodling.

I know why you say things like that because indeed we can see for ourselves that Bitcoin continues to increase from year to year,
Of course not all coins can experience that and when we miss the opportunity to make a profit maybe we will regret it

It is the exact same reason why I am holding. If I would be selling my coins today then I am afraid to miss out on the nest big rally. I mean bitcoins had such a great run since 2020, why should we reward the success of bitcoins with selling them? I am hoping for more people to start using bitcoins. My dream would be to go to store and see most people paying with bitcoins. That is why I will keep holding my coins.

It was really starting now because there are just a few shops that accept bitcoin as a form of payment, but I mostly saw this in other countries. Here in our countries, I heard some news that there are some stores accepting it, but that was about a year ago, and I'm not sure if they're still open now. This could be bitcoin's future. Having a bitcoin is great; you will make a lot of money if this is successful in the coming years.

[Maslate]

...

I know why you say things like that because indeed we can see for ourselves that Bitcoin continues to increase from year to year,
Of course not all coins can experience that and when we miss the opportunity to make a profit maybe we will regret it

It is the exact same reason why I am holding. If I would be selling my coins today then I am afraid to miss out on the nest big rally. I mean bitcoins had such a great run since 2020, why should we reward the success of bitcoins with selling them? I am hoping for more people to start using bitcoins. My dream would be to go to store and see most people paying with bitcoins. That is why I will keep holding my coins.

It was really starting now because there are just a few shops that accept bitcoin as a form of payment, but I mostly saw this in other countries. Here in our countries, I heard some news that there are some stores accepting it, but that was about a year ago, and I'm not sure if they're still open now. This could be bitcoin's future. Having a bitcoin is great; you will make a lot of money if this is successful in the coming years.

Some had accepted already but some also had stopped due to some losses. The volatility of the market is really hard to deal with and possible big losses to the establishments when the price went down. Like from $50k to$30k, I could be crazy how to manage myself losing almost a half from accepting Bitcoin. Maybe if I have huge backup capital to top up my losses, I would still continue but if there is none, that is a big problem to face. 

[QuickAccount]

I think that investing in crypto is one of the best decisions that a person could make with their money. The return will be massive.

[Coyster]

I think that investing in crypto is one of the best decisions that a person could make with their money. The return will be massive.

It could be a good decision, but for some it turned out to be a pretty bad choice, it all depends on how and why you invest, if you put all your money in crypto, by extension investing far more than you can afford to lose, then it could prolly be a bad decision for you in the end, also if you invest without acquiring sufficient knowledge of the network, it could as well be a bad decision.

Having said that, another thing worthy of being understood is that Bitcoin is not a get rich quick scheme, thus one should not invest and immediately start expecting returns, except if you invest in pump and dump coins and carry the risk of either profiting out of luck, or losing your funds outrightly, but if you invest in Bitcoin, you must be patient and know that it is a long term project, with returns prolly coming at a later time as well.

[QuickAccount]

Let me revise what a said, Investing in crypto is a great idea, but whats NOT a good idea is to put all of your investment money into one coin. If you put all of your money into Ripple and it drops, thats alot of money lost, but If you put %20 of your investment into ripple and the other money into other coins, its a safety net that saves you from losing all of your investment money.

[bitcub]

Every open-minded people holds Bitcoin now. Every day new establishments are embracing cryptocurrency and added as the payment option in their store. Another thing, Bitcoin is like a virtual asset that grows faster than gold. I think there is no reason for not hodl bitcoin.

[Sanugarid]

Let me revise what a said, Investing in crypto is a great idea, but whats NOT a good idea is to put all of your investment money into one coin. If you put all of your money into Ripple and it drops, thats alot of money lost, but If you put %20 of your investment into ripple and the other money into other coins, its a safety net that saves you from losing all of your investment money.

If you don't have a lot of capital, you can easily choose not to diversify your portfolio and why not just go for bitcoin, it's better and it's proven to go up. That's a dumbass move if you put your money in Ripple if you know that there's better option. Diversification is only good if you have the money that is enough for you to move to different crypto.

[dimonstration]

Every open-minded people holds Bitcoin now. Every day new establishments are embracing cryptocurrency and added as the payment option in their store. Another thing, Bitcoin is like a virtual asset that grows faster than gold. I think there is no reason for not hodl bitcoin.

Those who doubt bitcoin before possibly have their bitcoin now. The price and how adoption happens to prove BTC I have seen the huge pump of crypto from how much it is when I started to use it. It really comes along way now that gives comfortability to others as were anle to get profit by juat waiting or hold. Im still mad for the fact I sell some of my BTC beforre but glad I was able to trade using the profit from it. Indeed in crypto as well BTC much adoption happens and soon more institutions can make the price higher along with new projects that are too popular now.

[albon]

The reason is that I hold Bitcoin in the long term, because its volatility provides the possibility of achieving huge profits in the future, in addition to its decentralization feature and the speed of transactions resulting from it. But we must also realize that there are risks involved in holding Bitcoin, so everyone should educate himself and study the market well before investing

[blckhawk]

The reason is that I hold Bitcoin in the long term, because its volatility provides the possibility of achieving huge profits in the future, in addition to its decentralization feature and the speed of transactions resulting from it. But we must also realize that there are risks involved in holding Bitcoin, so everyone should educate himself and study the market well before investing

Volatility could go either way remember, it might go up in the future but it can also go the other way which is the worst thing that can ever happen to bitcoin market and it's investors but given the popularity of bitcoin right now and the continuous investment of big companies, I think that we are going towards a much better future in terms of the prices. For me, the only reason for hodling bitcoin is the appreciation of the asset overtime which most investment does.