How do you work toward hodling bitcoin?

[red4slash]

~~~

Only now, seeing that the market is trending again, and the price of bitcoin is growing again, we understand that bitcoins had to be stored. Once upon a time, a friend threw 0.01 bitcoins to my wallet. I didn't fix it, but paid the phone bill. Today it would be about $380...

There is no need to test fomo and think about the past. Now such a scheme is relevant for sales: save bitcoins when they are cheap and give fiat, and when bitcoins are expensive, then immediately change them to fiat after payment by customers.

We are given the freedom to do so because after all, when we are already in our assets, we are free to do whatever we want including selling even though in this case I may not be too following even though it is still said to be fomo or whatever it is, I will still hold it a little longer because I am quite sure that the increase will still continue.

But that doesn't mean that I'm intervening in what you're doing because that's your right as long as you feel good about it and you're selling for your needs why not do it, the most important thing is that you're comfortable with it.

[Accardo]

I create a topic last month in the local board that "if you are not doing anything don't invest in Bitcoin", but you can invest massively when you are an alternative income means of livelihood. Bitcoin investment attract investors to spend them if the people is not doing another thing to support the investment because you must eat and do other things. But whereby the investor is a business man and he investing his profit to invest every week or month and at the end of the year, he would save enough and wait for the next bull market to withdraw his investment.

When an investor has no business to back up the investment then the investment is also in danger.

You are getting the idea behind the thread, because in the process of saving up bitcoin, it's worth noting that we, as humans, also have personal needs. Although I understand DCA is great or taking out any amount we know can't be needed and stacking them gradually. But, in the business world, money is needed everyday to keep up with the growth of the business. And I always wondered if, it'll be best to stack bitcoin or keep building a business until it's worth enough money to get us any amount of bitcoin. Take Michael Saylor for instance, I once read he had FUD on bitcoin, but today he's bullish about bitcoin and hodl lots of bitcoin from the money generated by Micro strategy. Bitcoin won't be bullish forever, neither will it remain bearish. Hence, there will always be a window for buying bitcoin. Since, we can't get it at 10 USD anymore, isn't it better we work on a business that'll yield us lots of money, then we can purchase a reasonable amount of bitcoin and hold. Thereby increasing our profits. Than just holding little amount for a long time. Unless the person doesn't have a mindset of increasing their income, they can continue with saving small amounts until it accumulates to a huge amount. The question, remains, how long would that be?

[MFahad]

When planning to hodl bitcoin it is important for one to be able to provide a source of income for provision and to solve problems,  if source of income is not available it is impossible to hodl bitcoin because when their is problem it only the investment people will look on to to get money to solve problems and at the end of it, it will be impossible for hodling Bitcoin to take place. When their is source of income one won't even have the time to depend on the investment.

Bitcoin investment is necessary for those only who have money to accommodate their uses on daily basis otherwise it will become hard to accomplished your needs once you buy bitcoin. If you have salary then investment will not put any burden on you as you will spend your salary on the materials you needed.

I have saw large number of individuals who have little amount of money and then they buy some asset to increase their money but they are then left empty handed. So it is important to buy bitcoin or other asset when you have salary and if you are not a job person then investment become very hard for you to continue for many years.

[Doan9269]

There are many means through which i can choose to hodl by bitcoin Investment, but first i have to realize the kind of Investor I belong, am i holding just for a short time in other to participate in making trade or I've turned it an invest that a hodl over a longer period for my asset value to he maintained, sometimes i use DCA to accumulate my bitcoin holdings and then continue building the portfolio gradually towards having more to hold for a targeted season to sell.

[oktana]

What we keep forgetting is that it is difficult to see anyone who has hoard Bitcoin right from back when it was worth a few dollars till now. The person who got that 14th BTC must have used it, not long after he got it. Of course he must have made profit from it before selling but I can tell that he always traded it. Not just him but many others. So, don’t regret so much because it really is hard to hold till now. It’s the same way a lot of people will sell if Bitcoin only got a few thousands above what it is worth currently.

[TheUltraElite]

So, don’t regret so much because it really is hard to hold till now. It’s the same way a lot of people will sell if Bitcoin only got a few thousands above what it is worth currently.

I first saw bitcoin in its 600 - 700$/BTC days and those were some days worth buying bitcoin to be able to sell now. After that we were going only up and never back down to that price. It does feel special to be one of those mid range adopters and I can understand the frustration of the current crypto newbies because they are getting in at much higher prices.

Nevertheless, you have to accept this as it is. Prices often go down maybe not to three digits but worth buying at 20-30k USD if a drop happens again.

Always cycle the money from the high to the low and not get carried away by too low prices to buy at because they are not coming anytime soon.

[YUriy1991]

So, don’t regret so much because it really is hard to hold till now. It’s the same way a lot of people will sell if Bitcoin only got a few thousands above what it is worth currently.

And in my opinion, it is very natural and normal to see practices like this until now, especially if they are profitable and maximal. Otherwise, there is no such thing as price volatility and fortunately, all markets are basically made up of human behavior and every move up or down in the current trend has resulted in a move and this is also greatly exploited by traders to be able to use either historical support or resistance periods. then to re-predict current support and resistance.

[icalical]

So, don’t regret so much because it really is hard to hold till now. It’s the same way a lot of people will sell if Bitcoin only got a few thousands above what it is worth currently.

And in my opinion, it is very natural and normal to see practices like this until now, especially if they are profitable and maximal. Otherwise, there is no such thing as price volatility and fortunately, all markets are basically made up of human behavior and every move up or down in the current trend has resulted in a move and this is also greatly exploited by traders to be able to use either historical support or resistance periods. then to re-predict current support and resistance.

Yeah, currently Bitcoin market and holder are flooded with Speculator not a sole user, and most of them will definitely sell their Bitcoin if they feel the profit gain in their portfolio is enough. This lead to high market volatility but it is a good thing to attract new people, however all that being said the initial purpose of bitcoin set by Satoshi is to make Bitcoin replace fiat, and this can only be achieved if Bitcoin price is reliable and not as volatile as it is now.

[Ben Barubal]

~~~

Only now, seeing that the market is trending again, and the price of bitcoin is growing again, we understand that bitcoins had to be stored. Once upon a time, a friend threw 0.01 bitcoins to my wallet. I didn't fix it, but paid the phone bill. Today it would be about $380...

There is no need to test fomo and think about the past. Now such a scheme is relevant for sales: save bitcoins when they are cheap and give fiat, and when bitcoins are expensive, then immediately change them to fiat after payment by customers.

  Actually, based on my analysis that I see and do now, it is possible that this week Bitcoin will be 50k until next week. And if there is a correction according to what I see, it is also possible for it to happen by January 2024 until it even reaches 60k, then there will be a correction.

  If you are probably a deep trader and understand the market here on the Bitcoin graph chart, they will probably also see the technical analysis that I saw on this matter. But of course, this is still my prediction about the Bitcoin price movement.

[cozytrade]

There are many strategies through which Bitcoin can be held as an investment. But before investing, you must think about what kind of investment you are ready for. But you can expect good things by holding long-term investments. As I am a small trader it is very difficult for me to hold Bitcoin for a long period of time. Because it depends on me to provide money to manage my family. So it became mandatory for me to sell bitcoins to procure daily necessities. But I want to make myself financially independent. Constantly struggled with how to successfully hold long-term bitcoin investments.

[Rockstarguy]

As I am a small trader it is very difficult for me to hold Bitcoin for a long period of time. Because it depends on me to provide money to manage my family. So it became mandatory for me to sell bitcoins to procure daily necessities. But I want to make myself financially independent. Constantly struggled with how to successfully hold long-term bitcoin investments.

You know when investing in Bitcoin you can't really tell when profit can be gained because Bitcoin is unpredictable, so if you are investing bitcoin and you have in mind of taking profit in you own predicted time , you may not really get what you want but when you hodl and waiting for the time when the market will add value it will make your investment to be profitable.

One of the things that usually affect people while investing in bitcoin is when looking up to the investment because their is no flow of money coming from other source. Investing bitcoin it is good their is an available and steady source which money comes in, when this is not available one would always look to the investment.

[bettercrypto]

~~~

Only now, seeing that the market is trending again, and the price of bitcoin is growing again, we understand that bitcoins had to be stored. Once upon a time, a friend threw 0.01 bitcoins to my wallet. I didn't fix it, but paid the phone bill. Today it would be about $380...

There is no need to test fomo and think about the past. Now such a scheme is relevant for sales: save bitcoins when they are cheap and give fiat, and when bitcoins are expensive, then immediately change them to fiat after payment by customers.

That friend of yours was very kind to give you 0.01 btc, and if you haven't sold it until now, its value is high. You're lucky if so; congratulations.
I am currently trading on well-known exchanges to get a profit.

This is one of the main ways for us to make a profit. And there are many choices for me to make in terms of volatility in the short term. And I have seen a lot of things that can really give me earnings, not just for me but also for the rest of us.

[Crypto Library]

There are many strategies through which Bitcoin can be held as an investment. But before investing, you must think about what kind of investment you are ready for. But you can expect good things by holding long-term investments. As I am a small trader it is very difficult for me to hold Bitcoin for a long period of time. Because it depends on me to provide money to manage my family. So it became mandatory for me to sell bitcoins to procure daily necessities. But I want to make myself financially independent. Constantly struggled with how to successfully hold long-term bitcoin investments.

Dude you don't have to invest all of your fund on bitcoin at once and hold them for long-term. Invest as much you can afford, and before investing you should also ensure that you have available fund to carry of your daily expenses.
So what you can do right now, make a long-term strategy with using DCA(Dollar-Cost Average) method. Like Invest a certain percentage from your salary or income so that can't be affect to lead a normal living. Like you can make a strategy for 5year or 100k goal for bitcoin and start continuous invest for examlpe you can make weekly or monthly 10$(less or more based on your income) investments in Bitcoin. I think this way you don't need to touch on your bitcoin fund. 

[tjtonmoy]

Don't think too much about it. The more you think about it, the more complex it becomes. Simply just work on something physical and accumulate money from that job or business. Then buy Bitcoin and just hodl till you see profits. Creating an online business to accumulate BTC is hard and takes a lot of time.

You can work towards that if you show interest in that particular section. But meanwhile, keep on accumulating bitcoin from other sources. But make sure to invest only what you can afford to lose and the money you have separated only for investment.

[0t3p0t]

Based on what had happen to these early adopters who used Bitcoin as payment method, I realized that hodling 12 years ago might be different if we hodl right now but I know that one thing is for sure, the history will repeat itself so even hodling portions of Bitcoin nowadays does makes any sense if our goal is to achieve the same path in the future..

[G_Besar]

That friend of yours was very kind to give you 0.01 btc, and if you haven't sold it until now, its value is high. You're lucky if so; congratulations.
I am currently trading on well-known exchanges to get a profit.

This is one of the main ways for us to make a profit. And there are many choices for me to make in terms of volatility in the short term. And I have seen a lot of things that can really give me earnings, not just for me but also for the rest of us.

The amount given is quite a large amount and is also large in my opinion because there are many people who are still struggling to collect that much Bitcoin at this time. So at least it can really be used better by the recipient so that those who receive Bitcoin in such a large amount can continue to benefit in any way so that the gift is not in vain. Although just saving it is also good enough considering that Bitcoin is a very good asset to save and is considered a long-term investment for everyone without having to place it in trading.

[Franctoshi]

Another way which you can run your business using Bitcoin and at same time, HODL is, think about saving any/those profits you would realize from selling your products in Bitcoin while your capital still runs your business and without any interruption and in the case of a Bear market where we would have Bitcoin crash in price and this might worry your business in terms of value. This way, you will no longer miss out in your target of HODling some amount of Bitcoin you've wished to hold.

[boyptc]

Based on what had happen to these early adopters who used Bitcoin as payment method, I realized that hodling 12 years ago might be different if we hodl right now but I know that one thing is for sure,

We are not sure about that.

There can be slips and moments that we might able to sell most of those when we've seen the peak and thought that it should stop there. It's going to be a different story but we'll never know for sure what actually is going to happen by that time.

the history will repeat itself so even hodling portions of Bitcoin nowadays does makes any sense if our goal is to achieve the same path in the future..

It does makes sense and have proven that all over these years.

[Mame89]

There are many strategies through which Bitcoin can be held as an investment. But before investing, you must think about what kind of investment you are ready for. But you can expect good things by holding long-term investments. As I am a small trader it is very difficult for me to hold Bitcoin for a long period of time. Because it depends on me to provide money to manage my family. So it became mandatory for me to sell bitcoins to procure daily necessities. But I want to make myself financially independent. Constantly struggled with how to successfully hold long-term bitcoin investments.

All investment strategies depend on how each of us manages them. I am also a small trader, the strategy I am currently using is to apply the DCA method as the basis for my investment. Indeed, my goal is for the long term, but sometimes I also have urgent needs so I have to sell some bitcoins to cover my needs, but of course I sell them if I make a profit, and I leave the rest for the long term.

However, I still use the DCA method even though I have to sell because of an urgent need. The point is that I continue to do this until the target we want is achieved. I also consider bitcoin investment as saving money because I don't believe in banks, I only use banks for transaction needs. That's why it's important to look for additional income so that your long-term Bitcoin investment is maximized and not disturbed when there is an urgent need.

[DeathAngel]

To change your mindset & ensure you HODL Bitcoin it's important to focus on a few key aspects. Educate yourself about the long term potential & benefits of Bitcoin, get to understand its underlying technology & the market trends. Try to practise disciplined investing by setting clear goals & sticking to your investment strategy. Avoid being swayed by short term market fluctuations & FOMO. Try to surround yourself with a supportive community of like minded individuals who share your belief in Bitcoin's potential. By adopting a long term perspective, staying informed & remaining committed you can strengthen your resolve to HODL.