Y3shot
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 14, 2024, 08:58:25 AM |
|
Holding bitcoin is very much possible only if people are will to do right thing. It is possible to hodl bitcoin if people have the understanding that bitcoin is not a means of having quick money. Depending in bitcoin too much as a source of income has always been the challenge why people see bitcoin very difficult to hodl. Get a source of income and invest in bitcoin with the amount you can't afford to lose and it will be very possible to hodl bitcoin without having any challenge.
|
|
|
|
NotATether
Legendary
Offline
Activity: 1694
Merit: 7168
In memory of o_e_l_e_o
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 14, 2024, 09:12:32 AM |
|
Hodl.camp is a pretty amazing tool. I like the fact that you can change the colors to make the losses and gains more emphasized. Personally I'm not a big fan of the default red/green color combo as it's harder to make out the shades of reds indicating loss. Blue/orange combo is much better and go together as more stark complementary colors in my opinion.
|
|
|
|
Out of mind
Sr. Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 546
Merit: 276
I like to treat everyone as a friend 🔹
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 14, 2024, 11:49:05 AM |
|
Holding bitcoin is very much possible only if people are will to do right thing. It is possible to hodl bitcoin if people have the understanding that bitcoin is not a means of having quick money. Depending in bitcoin too much as a source of income has always been the challenge why people see bitcoin very difficult to hodl. Get a source of income and invest in bitcoin with the amount you can't afford to lose and it will be very possible to hodl bitcoin without having any challenge.
Never hold bitcoins for those who invest in bitcoins looking for quick money making schemes. People will learn to Hodl Bitcoin only when they have the ability to hold Bitcoin and plan to hold it for a long time. If you keep bitcoin as a source of income, you will have to wait for a long time, but you will get good amount of profit from here. If you choose Bitcoin as a source of income, then you must be patient and face various challenges. This formula is for everyone, invest the money you can afford to lose, otherwise you can't earn depending on vinegar. And invest bitcoin and Hodl a hold patiently, only then you can earn from it in future.
|
|
|
|
R |
▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | | | 4,000+ GAMES███████████████████ ██████████▀▄▀▀▀████ ████████▀▄▀██░░░███ ██████▀▄███▄▀█▄▄▄██ ███▀▀▀▀▀▀█▀▀▀▀▀▀███ ██░░░░░░░░█░░░░░░██ ██▄░░░░░░░█░░░░░▄██ ███▄░░░░▄█▄▄▄▄▄████ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | █████████ ▀████████ ░░▀██████ ░░░░▀████ ░░░░░░███ ▄░░░░░███ ▀█▄▄▄████ ░░▀▀█████ ▀▀▀▀▀▀▀▀▀ | █████████ ░░░▀▀████ ██▄▄▀░███ █░░█▄░░██ ░████▀▀██ █░░█▀░░██ ██▀▀▄░███ ░░░▄▄████ ▀▀▀▀▀▀▀▀▀ |
| | | | | | | | | ▄▄████▄▄ ▀█▀▄▀▀▄▀█▀ ▄▄░░▄█░██░█▄░░▄▄ ▄▄█░▄▀█░▀█▄▄█▀░█▀▄░█▄▄ ▀▄█░███▄█▄▄█▄███░█▄▀ ▀▀█░░░▄▄▄▄░░░█▀▀ █░░██████░░█ █░░░░▀▀░░░░█ █▀▄▀▄▀▄▀▄▀▄█ ▄░█████▀▀█████░▄ ▄███████░██░███████▄ ▀▀██████▄▄██████▀▀ ▀▀████████▀▀ | . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ ░▀▄░▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄░▄▀ ███▀▄▀█████████████████▀▄▀ █████▀▄░▄▄▄▄▄███░▄▄▄▄▄▄▀ ███████▀▄▀██████░█▄▄▄▄▄▄▄▄ █████████▀▄▄░███▄▄▄▄▄▄░▄▀ ████████████░███████▀▄▀ ████████████░██▀▄▄▄▄▀ ████████████░▀▄▀ ████████████▄▀ ███████████▀ | ▄▄███████▄▄ ▄████▀▀▀▀▀▀▀████▄ ▄███▀▄▄███████▄▄▀███▄ ▄██▀▄█▀▀▀█████▀▀▀█▄▀██▄ ▄██▀▄███░░░▀████░███▄▀██▄ ███░████░░░░░▀██░████░███ ███░████░█▄░░░░▀░████░███ ███░████░███▄░░░░████░███ ▀██▄▀███░█████▄░░███▀▄██▀ ▀██▄▀█▄▄▄██████▄██▀▄██▀ ▀███▄▀▀███████▀▀▄███▀ ▀████▄▄▄▄▄▄▄████▀ ▀▀███████▀▀ | | OFFICIAL PARTNERSHIP SOUTHAMPTON FC FAZE CLAN SSC NAPOLI |
|
|
|
Iranus
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 14, 2024, 12:32:30 PM |
|
They are in belief that being a trader is the way to riches but they don't realize that it's the hardest path and we've got some easiest strategy and that's effortless through DCA.
Being a holder and just adding up more bitcoins by having buying is what they just have to realize that they'd able to see why we keep on telling and suggesting people to do it.
No need to get into the battle of hassle with other traders when you can HODL and DCA.
It cannot be denied that buying and holding bitcoins is the safest way to invest in bitcoins, but for those with the ability and skills to trade, trading to increase the amount of bitcoins is not so bad. Just because we can't win at trading doesn't mean everyone is like us. I have a friend who makes a living as a day trader and so far he's been fine. It can be said that everyone has different skills, so we should know who we are and what our strengths are so that we can make appropriate choices that bring the best benefits to us. Don't imitate others just because they are successful that way, each person has a different path to success. I will not want to encourage anyone to trade Bitcoin, it most times don't end well and make people have bad things to say about bitcoin. As we are discussing how to hold for long time, discussing trading of bitcoin here might be out of place. There is a proper section for trading and that place is agoge with different trading strategies that can be used to supposedly increase the Bitcoin. You already supported the fact that buying and holding bitcoin is the safest way to invest in Bitcoin, why will you jettison the safest way for some risky way with promise of huge gains that is not even guaranteed? It is not the best way to go about investing in bitcoin. I started as a trader so I know how tricky it can be even to those who think they have mastered the skills. More often than not, people end of losing their entire assets to trading when they were hoping to make major wins. Therefore, buying bitcoin and holding is the best approach. I advocate that holding bitcoin is the safest way to invest, but I am not saying that it is the way to make the best profits. Just because you like safety with moderate profits doesn't mean everyone likes safety and peace as much as you do. Each person has different investment preferences, strengths and skills. I have been making profits from trading and using those profits to reinvest in many different projects. So why should I stop trading just because you and some other people are not making profits from trading? DO NOT imitate others but also do not impose your thoughts on others. Why do people who cannot make money from trading start thinking that it is not a good investment method? Just like altcoins, many investors are profiting from altcoins, memes... while bitcoin maximalists go around saying bad things about others. Would doing so help us deliver better returns than those investing in altcoins?
|
..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
Blitzboy
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 14, 2024, 01:11:48 PM Merited by JayJuanGee (1) |
|
They are in belief that being a trader is the way to riches but they don't realize that it's the hardest path and we've got some easiest strategy and that's effortless through DCA.
Being a holder and just adding up more bitcoins by having buying is what they just have to realize that they'd able to see why we keep on telling and suggesting people to do it.
No need to get into the battle of hassle with other traders when you can HODL and DCA.
It cannot be denied that buying and holding bitcoins is the safest way to invest in bitcoins, but for those with the ability and skills to trade, trading to increase the amount of bitcoins is not so bad. Just because we can't win at trading doesn't mean everyone is like us. I have a friend who makes a living as a day trader and so far he's been fine. It can be said that everyone has different skills, so we should know who we are and what our strengths are so that we can make appropriate choices that bring the best benefits to us. Don't imitate others just because they are successful that way, each person has a different path to success. I will not want to encourage anyone to trade Bitcoin, it most times don't end well and make people have bad things to say about bitcoin. As we are discussing how to hold for long time, discussing trading of bitcoin here might be out of place. There is a proper section for trading and that place is agoge with different trading strategies that can be used to supposedly increase the Bitcoin. You already supported the fact that buying and holding bitcoin is the safest way to invest in Bitcoin, why will you jettison the safest way for some risky way with promise of huge gains that is not even guaranteed? It is not the best way to go about investing in bitcoin. I started as a trader so I know how tricky it can be even to those who think they have mastered the skills. More often than not, people end of losing their entire assets to trading when they were hoping to make major wins. Therefore, buying bitcoin and holding is the best approach. I advocate that holding bitcoin is the safest way to invest, but I am not saying that it is the way to make the best profits. Just because you like safety with moderate profits doesn't mean everyone likes safety and peace as much as you do. Each person has different investment preferences, strengths and skills. I have been making profits from trading and using those profits to reinvest in many different projects. So why should I stop trading just because you and some other people are not making profits from trading? DO NOT imitate others but also do not impose your thoughts on others. Why do people who cannot make money from trading start thinking that it is not a good investment method? Just like altcoins, many investors are profiting from altcoins, memes... while bitcoin maximalists go around saying bad things about others. Would doing so help us deliver better returns than those investing in altcoins? Bitcoin is a wise investment. I understand your trading and reinvesting points. Making money is great. Great, even. Not everyone has Midas' touch. Not everyone can make a dollar trading to save their lives, and thats okay. Not everyone is like us. Why cease trading? Do not! Take advantage of your skills. Utilise it fully. Bitcoin remains steady while you swing for the fences. Backbone, rock-solid cornerstone of your portfolio. As others chase the next great cryptocurrency or meme coin, Bitcoin remains the gold standard. True crypto value is measured by it. Diversify and trade, but never underestimate Bitcoin's power. Safety is important, but so is wisdom and long-term vision.
|
..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
batang_bitcoin
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 14, 2024, 01:59:02 PM |
|
Holding bitcoin is very much possible only if people are will to do right thing. It is possible to hodl bitcoin if people have the understanding that bitcoin is not a means of having quick money. Depending in bitcoin too much as a source of income has always been the challenge why people see bitcoin very difficult to hodl. Get a source of income and invest in bitcoin with the amount you can't afford to lose and it will be very possible to hodl bitcoin without having any challenge.
That's what matters when you're holding bitcoin. You shouldn't depend on it as if it's going to give you daily income. The profit that you'll get from it will be coming from how long you hold it as the market gets into fruition and takes time in doing so. Most of the holders that are successful understood this matter and they have just left their Bitcoin on hold and does their things while waiting for its value to pump. Unlike the newbies that think that it's different the way you've described it, they don't realize that they need to have other source still.
|
Rent this sig space so that BTC goes to $100k.
|
|
|
JayJuanGee
Legendary
Offline
Activity: 3808
Merit: 10713
Self-Custody is a right. Say no to"Non-custodial"
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 14, 2024, 02:45:13 PM |
|
Maybe a formula that I would use to determine if you have enough bitcoin would be to consider what is your annual expenses in the standard of living that you would like to enjoy and multiply that by 25, and if your BTC stash (as measured by the 200-WMA) is within 75% of that amount, then you likely are at the entrance level of having enough which means that you are likely ready to start to employ some kind system in which you are drawing upon your bitcoin stash, whether merely on price rises or maybe you want to just start to withdraw regularly on a monthly basis.. or some other period that is comfortable for you.
👍 A simple guideline that's modifiable to meet the requirements of each individual. Maybe if anyone likes the above formula, then i could give a specific example to attempt to flesh it out. Let's say that a person has been investing into bitcoin for several years, so he has already built a BTC stash, and he would like to get to passive income of $3,000 per month, and so that would mean that the ONLY thing that he has to do for the income is just to keep track of the accounting. No more need to do any work for that money, so any extra work would be optional because he has considered $3k per month to be enough. That is $36k per year (12 x $3k) and if we multiply by 25 that would be $900k, and if we multiply that by 75% that would be $675k. If we look at the 200-WMA right now, then coincidentally 21k BTC would meet those requirements. You can see that here. Depending on the BTC price, you could choose to just start to withdraw $5k worth of BTC per month, and the amount of BTC would vary between 4% currently and maybe even 10%, and I personally consider those numbers to be sustainable as long as we would be using the 200-WMA as our way of valuating our BTC, and if our withdrawal rates are low, the dollar value of our holdings (in terms of the 200WMA) will continue to go up, even though the amount of BTC would continue to go down from continuing to draw upon it. Now the other thing is that if you do not currently have 21 BTC and you consider that you might never be able to get to 21 BTC, then you would merely have to project out into the future (and you can use my entry-level fuck you status chart for that - to see how the 200-WMA/Bottom is projected to move up), and so in one or two years, you would likely ONLY need around 10 BTC to achieve the same results.. and so far in bitcoin the amount of BTC that you need has continued to go down, so it is merely a matter of figuring out your target amount and your target timeline, to keep building towards being able to potentially get to a point where the paths of both quantity and time cross over. There are no guarantees, but continuing to work in a certain direction allows for the possibilities of increasing your chances in which your timeline and your quantity of BTC will cross over to a high enough amount for your personal situation. I advocate that holding bitcoin is the safest way to invest, but I am not saying that it is the way to make the best profits. Just because you like safety with moderate profits doesn't mean everyone likes safety and peace as much as you do. Each person has different investment preferences, strengths and skills. I have been making profits from trading and using those profits to reinvest in many different projects. So why should I stop trading just because you and some other people are not making profits from trading? DO NOT imitate others but also do not impose your thoughts on others.
Why do people who cannot make money from trading start thinking that it is not a good investment method? Just like altcoins, many investors are profiting from altcoins, memes... while bitcoin maximalists go around saying bad things about others. Would doing so help us deliver better returns than those investing in altcoins?
Investing and trading are not even close to being equal, and so trading and getting involved in shitcoins deserves to be bashed, especially since an overwhelming number of normies are going to be way the fuck better off to not get involved in trading, but focusing on building their BTC stash through various forms of buying, whether DCA, lump sum and/or buying on dips. Anyone who wants to figure out some formulas to trade BTC and/or get involved in trading shitcoins, is going to need to spend a lot of time and potentially money in terms of diluting their ability to invest into bitcoin if they are trying to make money by buying and selling whether it is bitcoin or some shitcoins. Another problem with trading bitcoin is that historically it has trended up, so there is already a formula in place in which you advantage by merely buying it, so why screw up a good thing by wanting more when there is already a good formula that already exists? Most likely an overwhelming majority of folks are not going to be able to trade more profitably than just buying and holding bitcoin. and sure there could be some exceptions and people can do whatever they like - especially if they might have some special skills that most people do not have. Look at your own situation @Iranus. Have you been able to beat a fairly strict DCA strategy? You have been involved in this forum since the beginning of 2016, and so if you had invested $100 per week into bitcoin since the beginning of 2016, you would have had invested nearly $42k, and you would have $15.1106 BTC (currently valued at nearly $1.1 million - which would be right around 26x profits). Are you doing better than that? And even if you are? Why do you need to do better than that? Historically many normal and not sophisticated people could have been just doing their normal job and/or or life activities and invest into bitcoin on a regular basis and gotten a 26x return over the past 8 years.... why fuck around with trading and more likely having worse results. Go on @Iranus tell us if you have beaten those results with your own supposed equally good approach to bitcoin and/or shitcoins. For sure, past results do not guarantee future results, yet bitcoin remains with a very strong investment thesis, and likely even a stronger investment thesis now versus what it was in 2016... so I see almost no reason or justification for an overwhelming majority of normal people to even come close to getting tempted by the lures of trading and/or getting involved in pump and dump bullshit that is also known as shitcoins. Diversify and trade, but never underestimate Bitcoin's power. Safety is important, but so is wisdom and long-term vision.
There is no need to diversify and trade.. especially for new investors. It can take a long time to build up an investment portfolio, so there is no need to complicate matters with distractions and dilution of value in terms of believing that there are any needs to diversify. In bitcoin, you can start out by only balancing out your cash levels and your BTC, and then maybe once your BTC and/or cash levels build to a certain large size of one or more years of your income, then at that point there may be some need to consider whether and the extent to diversify into things like equities, properties, commodities, bonds and/or cash equivalents (surely not referring to getting involved in shitcoins as a means to diversify). People will reach a threshold in which it makes sense to diversify at differing points of their own balancing if they might have too much value that they are holding in only BTC and cash and it might start to make sense to diversify, but we still need to be careful to not overly dilute our bitcoin investment, and for example someone might consider that they are going to take out some of their BTC investment in order to buy property (which is likely an inferior investment for a lot of reasons), and so sometimes it might not be worth it to diversify in certain assets if it is going to overly take too much capital away from such a great investment like bitcoin, yet people will sometimes get excited and/or mixed up in terms of what is an investment versus something that might be ONLY partially an investment but with a lot of other baggage such as depreciation, expenses and some burdens of the physicality that need to be balanced into the considerations.
|
1) Self-Custody is a right. There is no such thing as "non-custodial" or "un-hosted." 2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized. 3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
|
|
|
Odohu
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 14, 2024, 02:54:01 PM Merited by JayJuanGee (1) |
|
Holding bitcoin is very much possible only if people are will to do right thing. It is possible to hodl bitcoin if people have the understanding that bitcoin is not a means of having quick money. Depending in bitcoin too much as a source of income has always been the challenge why people see bitcoin very difficult to hodl. Get a source of income and invest in bitcoin with the amount you can't afford to lose and it will be very possible to hodl bitcoin without having any challenge.
Holding Bitcoin may not be a means of getting quick money because the investment is kept for a long time but that does not mean that Bitcoin does not offer quick money. As a matter of fact, Bitcoin investment seems to be one of the fastest means of increasing one's money. It gives the fastest and easiest profits among several investment portfolios that I know. Within a period of 5 years, an investor in Bitcoin would have broken even and even make far higher than 50% in profits. This is rarely obtainable anywhere. Those who bought Bitcoin early last year have made over 200% profits, if this is not quick money, then I don't know what is quick money. Even though there is no guarantee that the profits will always happen this fast and huge, we must admit that Bitcoin also offer opportunity for quick money although the best is to hold for a long time.
|
|
|
|
R |
▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | | | 4,000+ GAMES███████████████████ ██████████▀▄▀▀▀████ ████████▀▄▀██░░░███ ██████▀▄███▄▀█▄▄▄██ ███▀▀▀▀▀▀█▀▀▀▀▀▀███ ██░░░░░░░░█░░░░░░██ ██▄░░░░░░░█░░░░░▄██ ███▄░░░░▄█▄▄▄▄▄████ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | █████████ ▀████████ ░░▀██████ ░░░░▀████ ░░░░░░███ ▄░░░░░███ ▀█▄▄▄████ ░░▀▀█████ ▀▀▀▀▀▀▀▀▀ | █████████ ░░░▀▀████ ██▄▄▀░███ █░░█▄░░██ ░████▀▀██ █░░█▀░░██ ██▀▀▄░███ ░░░▄▄████ ▀▀▀▀▀▀▀▀▀ |
| | | | | | | | | ▄▄████▄▄ ▀█▀▄▀▀▄▀█▀ ▄▄░░▄█░██░█▄░░▄▄ ▄▄█░▄▀█░▀█▄▄█▀░█▀▄░█▄▄ ▀▄█░███▄█▄▄█▄███░█▄▀ ▀▀█░░░▄▄▄▄░░░█▀▀ █░░██████░░█ █░░░░▀▀░░░░█ █▀▄▀▄▀▄▀▄▀▄█ ▄░█████▀▀█████░▄ ▄███████░██░███████▄ ▀▀██████▄▄██████▀▀ ▀▀████████▀▀ | . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ ░▀▄░▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄░▄▀ ███▀▄▀█████████████████▀▄▀ █████▀▄░▄▄▄▄▄███░▄▄▄▄▄▄▀ ███████▀▄▀██████░█▄▄▄▄▄▄▄▄ █████████▀▄▄░███▄▄▄▄▄▄░▄▀ ████████████░███████▀▄▀ ████████████░██▀▄▄▄▄▀ ████████████░▀▄▀ ████████████▄▀ ███████████▀ | ▄▄███████▄▄ ▄████▀▀▀▀▀▀▀████▄ ▄███▀▄▄███████▄▄▀███▄ ▄██▀▄█▀▀▀█████▀▀▀█▄▀██▄ ▄██▀▄███░░░▀████░███▄▀██▄ ███░████░░░░░▀██░████░███ ███░████░█▄░░░░▀░████░███ ███░████░███▄░░░░████░███ ▀██▄▀███░█████▄░░███▀▄██▀ ▀██▄▀█▄▄▄██████▄██▀▄██▀ ▀███▄▀▀███████▀▀▄███▀ ▀████▄▄▄▄▄▄▄████▀ ▀▀███████▀▀ | | OFFICIAL PARTNERSHIP SOUTHAMPTON FC FAZE CLAN SSC NAPOLI |
|
|
|
Richbased
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 15, 2024, 12:03:54 AM |
|
Holding bitcoin is very much possible only if people are will to do right thing. It is possible to hodl bitcoin if people have the understanding that bitcoin is not a means of having quick money. Depending in bitcoin too much as a source of income has always been the challenge why people see bitcoin very difficult to hodl. Get a source of income and invest in bitcoin with the amount you can't afford to lose and it will be very possible to hodl bitcoin without having any challenge.
Holding Bitcoin may not be a means of getting quick money because the investment is kept for a long time but that does not mean that Bitcoin does not offer quick money. As a matter of fact, Bitcoin investment seems to be one of the fastest means of increasing one's money. It gives the fastest and easiest profits among several investment portfolios that I know. Within a period of 5 years, an investor in Bitcoin would have broken even and even make far higher than 50% in profits. This is rarely obtainable anywhere. Those who bought Bitcoin early last year have made over 200% profits, if this is not quick money, then I don't know what is quick money. Even though there is no guarantee that the profits will always happen this fast and huge, we must admit that Bitcoin also offer opportunity for quick money although the best is to hold for a long time. Of a truth, when we talk about an investment that gives quick profits, then Bitcoin cannot be exempted because some persons feels that when we are talking about quick money, we are referring to investment we make now and maybe begin to reap the dividends tomorrow but however it doesn't work that way at all because whomever that made investment and start making good profits within 5-6 years it's still regarded as quick money because their are investments that one can venture into that can take almost about 10-15 even 20 years before making a good profit so definitely investing is Bitcoin is more or less a get quick rich project though it might not occur as soon as possible but one can be guaranteed that your investments are safe and there are every possibility that one is gonna make huge profits in the long run.
|
|
|
|
I_Anime
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 15, 2024, 01:16:44 AM Last edit: March 15, 2024, 01:27:12 AM by I_Anime |
|
Holding bitcoin is very much possible only if people are will to do right thing. It is possible to hodl bitcoin if people have the understanding that bitcoin is not a means of having quick money. Depending in bitcoin too much as a source of income has always been the challenge why people see bitcoin very difficult to hodl. Get a source of income and invest in bitcoin with the amount you can't afford to lose and it will be very possible to hodl bitcoin without having any challenge.
Holding Bitcoin may not be a means of getting quick money because the investment is kept for a long time but that does not mean that Bitcoin does not offer quick money. As a matter of fact, Bitcoin investment seems to be one of the fastest means of increasing one's money. It gives the fastest and easiest profits among several investment portfolios that I know. Within a period of 5 years, an investor in Bitcoin would have broken even and even make far higher than 50% in profits. This is rarely obtainable anywhere. Those who bought Bitcoin early last year have made over 200% profits, if this is not quick money, then I don't know what is quick money. Even though there is no guarantee that the profits will always happen this fast and huge, we must admit that Bitcoin also offer opportunity for quick money although the best is to hold for a long time. Of a truth, when we talk about an investment that gives quick profits, then Bitcoin cannot be exempted because some persons feels that when we are talking about quick money, we are referring to investment we make now and maybe begin to reap the dividends tomorrow but however it doesn't work that way at all because whomever that made investment and start making good profits within 5-6 years it's still regarded as quick money because their are investments that one can venture into that can take almost about 10-15 even 20 years before making a good profit so definitely investing is Bitcoin is more or less a get quick rich project though it might not occur as soon as possible but one can be guaranteed that your investments are safe and there are every possibility that one is gonna make huge profits in the long run. anything related to investing now and start reaping the dividends the next day, ain't no investment but a Ponzi scheme. Such do exist and alot of people normally fall victim cause of greed. Seeing a platform that may promise to double their funds (doubler) the next day if they invest a certain amount of money . And at the end if they do so they would endup not being able to withdraw their funds back , not only losing the extra funds but also their hard earn funds . Bitcoin may not be such that may get you rich overnight. But holding Bitcoin for long minimize the risk in it, and when holding you don't require any skills like those who are trading (making trading not for everyone). While anyone can start holding and accumulate Bitcoin anytime that they please without any technical or trading skills needed. All one need is a good source, inorder for them to keep purchasing more quantity of bitcoin and also be able to have good emergency funds to coverup any expenses so that one would not tamper with their investment
|
|
|
|
Volimack
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 462
Merit: 13
★Bitvest.io★ Play Plinko or Invest!
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 15, 2024, 04:32:01 AM |
|
No one can get rich overnight by investing there is risk. As far as I'm concerned holding bitcoins involves people's own decision and it's not possible to get money from here in a day, it's a long term wait. Don't think of bitcoin as the only source of income. Besides other means of income, bitcoins should be invested based on own money. By holding bitcoin, there is less risk of loss and profit without any challenge if the price rises.
|
|
|
|
blckhawk
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 15, 2024, 05:51:13 AM Merited by JayJuanGee (1) |
|
That's what matters when you're holding bitcoin. You shouldn't depend on it as if it's going to give you daily income. The profit that you'll get from it will be coming from how long you hold it as the market gets into fruition and takes time in doing so. Most of the holders that are successful understood this matter and they have just left their Bitcoin on hold and does their things while waiting for its value to pump. Unlike the newbies that think that it's different the way you've described it, they don't realize that they need to have other source still.
Exactly and that shouldn't have been the thing that someone should be doing with bitcoin anyway, the mere fact that the growth of bitcoin isn't going to happen overnight and the daily movement of it's price is so volatile that we're all warned to take precautions when trading and only trade what we can afford to lose means that we all should've been not relying on bitcoin as a means to make money for our daily needs and at the end as you've said, bitcoin's better when you're hodling it the longer. My take on this people that are still doing this reliance on bitcoin for daily money is that they're admirable because they don't mind the risk and that they're crazy enough to do this not just once or in a day.
|
|
|
|
AnonBitCoiner
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 15, 2024, 07:43:03 AM |
|
No one can get rich overnight by investing there is risk. As far as I'm concerned holding bitcoins involves people's own decision and it's not possible to get money from here in a day, it's a long term wait. Don't think of bitcoin as the only source of income. Besides other means of income, bitcoins should be invested based on own money. By holding bitcoin, there is less risk of loss and profit without any challenge if the price rises.
The price of bitcoin increases as the time passes so if someone hold it longer without selling it at any stage during fear will get huge profit. The profit from Bitcoin depends on the time of holding and it is based on the investors thoughts that how long he keeps his bitcoin. Some people are also involved in trading with altcoins but they face troubles when the price suddenly goes down and altcoins also possess risk. Now a days one can easily buy and sell altcoins as price is regularly fluctuating and at the same time one can hold bitcoin so he can get profit from both trading and investment in current Bull season.
|
▄▄████████▄▄ ▄▄████████████████▄▄ ▄██████████████████████▄ ▄█████████████████████████▄ ▄███████████████████████████▄
| ███████████████████▄████▄ █████████████████▄███████ ████████████████▄███████▀ ██████████▄▄███▄██████▀ ████████▄████▄█████▀▀ ██████▄██████████▀ ███▄▄████████████▄ ██▄███████████████ ░▄██████████████▀ ▄█████████████▀ █████████████ ███████████▀ ███████▀▀ | | | Mars, here we come! | ▄▄███████▄▄ ▄███████████████▄ ▄███████████████████▄ ▄█████████████████████▄ ▄███████████████████████▄ █████████████████████████ █████████████████████████ █████████████████████████ ▀███████████████████████▀ ▀█████████████████████▀ ▀███████████████████▀ ▀███████████████▀ ▀▀███████▀▀ | ElonCoin.org | │ | | .
| │ | ████████▄▄███████▄▄ ███████▄████████████▌ ██████▐██▀███████▀▀██ ███████████████████▐█▌ ████▄▄▄▄▄▄▄▄▄▄██▄▄▄▄▄ ███▀░▐███▀▄█▄█▀▀█▄█▄▀ ██████████████▄██████▌ █████▐██▄██████▄████▐ █████████▀░▄▄▄▄▄ ███████▄█▄░▀█▄▄░▀ ███▄██▄▀███▄█████▄▀ ▄██████▄▀███████▀ ████████▄▀████▀█████▄▄ | . "I could either watch it happen or be a part of it" ▬▬▬▬▬ |
|
|
|
ultrloa
Legendary
Offline
Activity: 2856
Merit: 1249
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 15, 2024, 07:49:40 AM Merited by JayJuanGee (1) |
|
No one can get rich overnight by investing there is risk. As far as I'm concerned holding bitcoins involves people's own decision and it's not possible to get money from here in a day, it's a long term wait. Don't think of bitcoin as the only source of income. Besides other means of income, bitcoins should be invested based on own money. By holding bitcoin, there is less risk of loss and profit without any challenge if the price rises.
Some people are also involved in trading with altcoins but they face troubles when the price suddenly goes down and altcoins also possess risk. Now a days one can easily buy and sell altcoins as price is regularly fluctuating and at the same time one can hold bitcoin so he can get profit from both trading and investment in current Bull season. If they don't want to make their life hard they must eliminate the thoughts of trading altcoins since it will just give them a stress especially these tokens is usually so unpredictable and might they lose their money if they pick the wrong positions or just got FOMO on the tokens they bought. But if they want to stay intact and get less stress then I guess going to invest on bitcoin for long term maybe best solution for them they just need to look up the price history of bitcoin and for sure they can able to know how big the potential of bitcoin to hold for much longer years. Data's about it is available online so if they could just read a lot of information about it then for sure that they can learn a lot from it and can able to do good decisions upon what's good investment for theirselves.
|
|
|
|
R |
▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | | | 4,000+ GAMES███████████████████ ██████████▀▄▀▀▀████ ████████▀▄▀██░░░███ ██████▀▄███▄▀█▄▄▄██ ███▀▀▀▀▀▀█▀▀▀▀▀▀███ ██░░░░░░░░█░░░░░░██ ██▄░░░░░░░█░░░░░▄██ ███▄░░░░▄█▄▄▄▄▄████ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | █████████ ▀████████ ░░▀██████ ░░░░▀████ ░░░░░░███ ▄░░░░░███ ▀█▄▄▄████ ░░▀▀█████ ▀▀▀▀▀▀▀▀▀ | █████████ ░░░▀▀████ ██▄▄▀░███ █░░█▄░░██ ░████▀▀██ █░░█▀░░██ ██▀▀▄░███ ░░░▄▄████ ▀▀▀▀▀▀▀▀▀ |
| | | | | | .
| | | ▄▄████▄▄ ▀█▀▄▀▀▄▀█▀ ▄▄░░▄█░██░█▄░░▄▄ ▄▄█░▄▀█░▀█▄▄█▀░█▀▄░█▄▄ ▀▄█░███▄█▄▄█▄███░█▄▀ ▀▀█░░░▄▄▄▄░░░█▀▀ █░░██████░░█ █░░░░▀▀░░░░█ █▀▄▀▄▀▄▀▄▀▄█ ▄░█████▀▀█████░▄ ▄███████░██░███████▄ ▀▀██████▄▄██████▀▀ ▀▀████████▀▀ | . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ ░▀▄░▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄░▄▀ ███▀▄▀█████████████████▀▄▀ █████▀▄░▄▄▄▄▄███░▄▄▄▄▄▄▀ ███████▀▄▀██████░█▄▄▄▄▄▄▄▄ █████████▀▄▄░███▄▄▄▄▄▄░▄▀ ████████████░███████▀▄▀ ████████████░██▀▄▄▄▄▀ ████████████░▀▄▀ ████████████▄▀ ███████████▀ | ▄▄███████▄▄ ▄████▀▀▀▀▀▀▀████▄ ▄███▀▄▄███████▄▄▀███▄ ▄██▀▄█▀▀▀█████▀▀▀█▄▀██▄ ▄██▀▄███░░░▀████░███▄▀██▄ ███░████░░░░░▀██░████░███ ███░████░█▄░░░░▀░████░███ ███░████░███▄░░░░████░███ ▀██▄▀███░█████▄░░███▀▄██▀ ▀██▄▀█▄▄▄██████▄██▀▄██▀ ▀███▄▀▀███████▀▀▄███▀ ▀████▄▄▄▄▄▄▄████▀ ▀▀███████▀▀ | | OFFICIAL PARTNERSHIP SOUTHAMPTON FC FAZE CLAN SSC NAPOLI |
|
|
|
Agbamoni
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 15, 2024, 08:11:36 AM |
|
No one can get rich overnight by investing there is risk. As far as I'm concerned holding bitcoins involves people's own decision and it's not possible to get money from here in a day, it's a long term wait. Don't think of bitcoin as the only source of income. Besides other means of income, bitcoins should be invested based on own money. By holding bitcoin, there is less risk of loss and profit without any challenge if the price rises.
The price of bitcoin increases as the time passes so if someone hold it longer without selling it at any stage during fear will get huge profit. The profit from Bitcoin depends on the time of holding and it is based on the investors thoughts that how long he keeps his bitcoin. Some people are also involved in trading with altcoins but they face troubles when the price suddenly goes down and altcoins also possess risk. Now a days one can easily buy and sell altcoins as price is regularly fluctuating and at the same time one can hold bitcoin so he can get profit from both trading and investment in current Bull season. Truth i agree. Another fact is that not many persons are holding bitcoin for the long run, through highs and lows, good times and bad times even when people start panicking or start. selling because not everyone will actually believe in the currency as a viable technology. In my opinion every investor should be holding at least 0.1% of btc which is 10% of btc and enjoy the sweet ride in the bull run. Before the bull run ends 1 btc might be equivalent to 4 btc previous in the previous years. Bitcoin has already than better than silver in the last decade and it will do more than Gold if gold doesn't take its place now. I believe it will hold its value more than fiat currency including the mighty dollar.
|
| | . Duelbits | │ | | │ | DUELBITS FANTASY SPORTS | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ████████████████▀▀▀ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | . ▬▬ VS ▬▬ | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ███████████████████ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | /// PLAY FOR FREE /// WIN FOR REAL | │ | █████ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ █████ | ██████████████████████████████████████████████████████ . PLAY NOW . ██████████████████████████████████████████████████████ | █████ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ █████ | |
|
|
|
Smack That Ace
Legendary
Offline
Activity: 1876
Merit: 1102
Free Free Palestine
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 15, 2024, 09:47:34 AM |
|
Holding bitcoin is very much possible only if people are will to do right thing. It is possible to hodl bitcoin if people have the understanding that bitcoin is not a means of having quick money. Depending in bitcoin too much as a source of income has always been the challenge why people see bitcoin very difficult to hodl. Get a source of income and invest in bitcoin with the amount you can't afford to lose and it will be very possible to hodl bitcoin without having any challenge.
Holding Bitcoin may not be a means of getting quick money because the investment is kept for a long time but that does not mean that Bitcoin does not offer quick money. As a matter of fact, Bitcoin investment seems to be one of the fastest means of increasing one's money. It gives the fastest and easiest profits among several investment portfolios that I know. Within a period of 5 years, an investor in Bitcoin would have broken even and even make far higher than 50% in profits. This is rarely obtainable anywhere. Those who bought Bitcoin early last year have made over 200% profits, if this is not quick money, then I don't know what is quick money. Even though there is no guarantee that the profits will always happen this fast and huge, we must admit that Bitcoin also offer opportunity for quick money although the best is to hold for a long time. You have a point there. Bitcoin is clearly an investment that can deliver returns faster than most other assets and investments and that is why we choose it. But many people always deny that they choose bitcoin to invest not because they want to get rich quickly. As you pointed out: there is no asset that can grow 10%, even 30%, 50% in a few months like bitcoin, so people who say they invest in bitcoin are not for the idea of getting rich quickly is a lie. But that doesn't mean bitcoin is a gamble that can make us rich overnight or in a few weeks. Bitcoin's fast speed means that it has a faster rate of return than other assets.
|
|
|
|
bitterguy28
Full Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 2100
Merit: 181
★Bitvest.io★ Play Plinko or Invest!
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 15, 2024, 11:59:03 AM |
|
Today the HODLING thing is under testing once again as the price of bitcoin is showing a big dump in price , dropping from ATH 73$k now at 67$k , that is 6k drop in 24 hours , does this mean there is a panicking happening ? those who pretend to be Holder but when there is a red blood market is starting to sell out? ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
|
|
|
|
JayJuanGee
Legendary
Offline
Activity: 3808
Merit: 10713
Self-Custody is a right. Say no to"Non-custodial"
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 15, 2024, 03:08:04 PM |
|
No one can get rich overnight by investing there is risk. As far as I'm concerned holding bitcoins involves people's own decision and it's not possible to get money from here in a day, it's a long term wait. Don't think of bitcoin as the only source of income. Besides other means of income, bitcoins should be invested based on own money. By holding bitcoin, there is less risk of loss and profit without any challenge if the price rises.
I personally like the idea of continuing to buy that would supplement HODLing rather than mere HODLing... But, yeah each time you buy more BTC, you add a new date to the HODL of those particular coins. So you end up with a bunch of coins with differing purchase dates and so then differing levels of profitability, and of course, depending on your accounting, you can treat them separately, you can average them out or you can account for them in both ways to figure out your options regarding the coins... and surely feeling better to be profitable rather than now being profitable, yet from my point of view there can be a lot more value in terms of having the value compound upon itself over a longer period or maybe through a quick price run up, so there could be temptations based on volatility to try to take advantage of some of the price run ups - including that guys need to be careful not to sell too many of their coins too soon based on their perception of short term profits that might not be as great as longer term profits that let the coins ride for longer periods and to experience more and more compounding of value effects... which leads into the power of exponentials that sometimes can be difficult to appreciate. If you look at BTC prices since 2015, you can see that currently, we have had right around 8 doublings in BTC prices, yet that also show 256x increase in the actual BTC price.. so the doublings have compounding effects on the value of our BTC holdings that are quite powerful, even though exponential growth is not so apparent through our tendencies to think about value growth in more linear ways and so we frequently will fail to appreciate the exponential way of considering the matter. 0) $250 (2015) 1X 1) $500 (2015-2016) 2X 2) $1,000 (2016-2017) 2X * 2 = 4X 3) $2,000 (2017) 4X * 2 = 8X 4) $4,000 (2017-2020) 8X * 2 = 16X 5) $8,000 (2017-2020) 16X * 2 = 32X 6) $16,000 (2017-2022) 32X * 2 = 64X 7) $32,000 (2021-2023?) 64X * 2 = 128X 8 ) $64,000 (2021-?) 128X * 2 = 256X 9) $128,000 (?) 256X * 2 = 512X
That's what matters when you're holding bitcoin. You shouldn't depend on it as if it's going to give you daily income. The profit that you'll get from it will be coming from how long you hold it as the market gets into fruition and takes time in doing so. Most of the holders that are successful understood this matter and they have just left their Bitcoin on hold and does their things while waiting for its value to pump. Unlike the newbies that think that it's different the way you've described it, they don't realize that they need to have other source still.
Exactly and that shouldn't have been the thing that someone should be doing with bitcoin anyway, the mere fact that the growth of bitcoin isn't going to happen overnight and the daily movement of it's price is so volatile that we're all warned to take precautions when trading and only trade what we can afford to lose means that we all should've been not relying on bitcoin as a means to make money for our daily needs and at the end as you've said, bitcoin's better when you're hodling it the longer. My take on this people that are still doing this reliance on bitcoin for daily money is that they're admirable because they don't mind the risk and that they're crazy enough to do this not just once or in a day. That is part of the problem of daily spending and not holding a decent portion of your BTC aside.. you might get a bunch of short term profits, but you may well lose out on the longer term value compounding because you are in and out and spending it on a regular basis. Of course, we do want there to be some spending of bitcoin in order to have various ways to have ways to liquidate BTC, even that if people want bitcoin, the some of us still want to have avenues to spend our bitcoin, even if we might be spending only small portions at any given time, and surely some guys will be doing spend and replace. No one can get rich overnight by investing there is risk. As far as I'm concerned holding bitcoins involves people's own decision and it's not possible to get money from here in a day, it's a long term wait. Don't think of bitcoin as the only source of income. Besides other means of income, bitcoins should be invested based on own money. By holding bitcoin, there is less risk of loss and profit without any challenge if the price rises.
The price of bitcoin increases as the time passes so if someone hold it longer without selling it at any stage during fear will get huge profit. The profit from Bitcoin depends on the time of holding and it is based on the investors thoughts that how long he keeps his bitcoin. Some people are also involved in trading with altcoins but they face troubles when the price suddenly goes down and altcoins also possess risk. Now a days one can easily buy and sell altcoins as price is regularly fluctuating and at the same time one can hold bitcoin so he can get profit from both trading and investment in current Bull season. Fuck shitcoins and trading.. that is a distraction.. .to the extent that shitcoins are even on topic in this thread... and maybe trading might be more potentially topical because it is a contrast to hodl, so sure some guys here might consider that they might be able to play BTC's price waves, yet at the same time the HODL camp map shows that BTC prices tend to become profitable with time, so why risk trading if you are already good chances of being profitable with the mere passage of time? Today the HODLING thing is under testing once again as the price of bitcoin is showing a big dump in price , dropping from ATH 73$k now at 67$k , that is 6k drop in 24 hours , does this mean there is a panicking happening ? those who pretend to be Holder but when there is a red blood market is starting to sell out? ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) You seem to not know what is a dump. In the last day or two we have had right around a 11.111111% correction if we count from the local top of $73,794 and the current local bottom of $65,569, and right now as I type this post we are bouncing around $68,400-ish. There is nothing unusual about any of that, and anyone who is investing into bitcoin whether newbie or longer term bitcoiner, should already realize that the BTC price does not go straight up, even though sometimes there might be long periods in which it goes up a lot, but there could also be long periods in which it goes down a lot, and so each of us should have systems in place (in which we continue to mostly hold our bitcoin) in order to deal with periods of UP and DOWN that cannot always be known.. especially in the short term... even though we likely can anticipate long term trends to continue to be up.. . which is part of the rationale to continue to hold BTC and to accumulate it no matter the BTC price direction, especially if you are a no coiner, a low coiner, or you perceive yourself to not have enough BTC. We have surely been in an up cycle since our bottom of $15,479 in November 2022, yet we might not have had realized that we are in an uptrend until much later (maybe not even being sure until sometime after October 2023).. and so if the trend is going to change at some point in time from UP to down, we might not realize when the trend is going to change, so part of the question can be attempting to figure out how to treat your BTC holdings during so much volatility that is almost inevitable in bitcoinlandia, and if you don't have enough BTC what you should do about buying BTC, which likely if you don't have any BTC, then the ONLY way to prepare for up is to buy some. If you don't have any BTC and you think that your best strategy is to wait for further down in order to buy some, then you are not prepared for up, and you are ONLY preparing for down, which might not end up happening, then what are you going to do? Buy higher? Over the years, we have seen a lot of folks who think that they are preparing to get into bitcoin by waiting for prices to go down, and a lot of those people keep waiting, fail to act, so they end up not being prepared for the up that ended up happening. If you have some BTC, but you feel that you don't have enough, you are not in as bad of a position as the no coiner because you have some preparation for UP, but if you believe that you don't have enough BTC, then you likely need to buy rather than wait.. and sure, you do not have to buy with whatever cash reserves that you have. Managing your cash reserves and the various methods of buying BTC is another story, in which DCA, lump sum and buying on dips are the three accumulation strategies that can be exercised separately or in combination. Which way you believe the BTC price might be going is ONLY one of the factors to consider when figuring out your own situation, and so of course, figuring out your own financial and psychological situation in regards to bitcoin is also important if you want to have bitcoin to play potentially significant role in your life - especially since we seem to still be in the relatively early stages of the greatest wealth transfer known to mankind from no coiners and low coiners to coiners, so each of us should prefer to be on the receiving end if possible, and surely some people in the world have more disposable/discretionary income than others in order to buy some bitcoin, and bitcoin still provides benefits to the no coiners and low coiners by providing a more fair system, yet I am sure anyone appreciates if he is able to experience some direct benefits from bitcoin too.. which comes from attempting to own as much as you can without over doing it.. no one should want to end up having no coins or low coins because they over did it and they screwed up their investment into something that is nearly guaranteed (of course there are no guarantees) to return profits with the passage of time and the prudent, persistent, consistent and perhaps aggressive accumulation of coins.
|
1) Self-Custody is a right. There is no such thing as "non-custodial" or "un-hosted." 2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized. 3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
|
|
|
I_Anime
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 15, 2024, 03:27:04 PM Last edit: March 15, 2024, 03:38:38 PM by I_Anime Merited by JayJuanGee (1) |
|
If you don't have any BTC and you think that your best strategy is to wait for further down in order to buy some, then you are not prepared for up, and you are ONLY preparing for down, which might not end up happening, then what are you going to do? Buy higher? Over the years, we have seen a lot of folks who think that they are preparing to get into bitcoin by waiting for prices to go down, and a lot of those people keep waiting, fail to act, so they end up not being prepared for the up that ended up happening. exactly, And this where reserve funds comes in , if you are the type that is always waiting for the dip before thinking of accumulating bitcoin. Such individual may endup not accumulating any at all, because the dip you're hoping for may not happen. So in order to avoid such you must set aside a reserve funds in case if any may occur (dip) , while you keep accumulating Bitcoin with DCAing strategy. Because in investing one need to be flexible and always prepared. Today the HODLING thing is under testing once again as the price of bitcoin is showing a big dump in price , dropping from ATH 73$k now at 67$k , that is 6k drop in 24 hours , does this mean there is a panicking happening ? those who pretend to be Holder but when there is a red blood market is starting to sell out? the only people that would be in panicky now are those who trade with their bitcoin inorder to gain short-term profits. While those who are holding are not bothered with such drop in price, but how they can go around stashing more bitcoin, yeah lately bitcoin has being being trying to beat $73k , so if check market chart you would see that bitcoin as made some attempt in beating that price range of $73k so this drop in price is just another correction for Bitcoin to gather some strength to beat the recent ATH which is Around $73k so I don't see any reason to panic, and also my mind as already set for long-term investment so I don't take this as anything worth panicky.
|
|
|
|
batang_bitcoin
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 15, 2024, 11:03:00 PM |
|
That's what matters when you're holding bitcoin. You shouldn't depend on it as if it's going to give you daily income. The profit that you'll get from it will be coming from how long you hold it as the market gets into fruition and takes time in doing so. Most of the holders that are successful understood this matter and they have just left their Bitcoin on hold and does their things while waiting for its value to pump. Unlike the newbies that think that it's different the way you've described it, they don't realize that they need to have other source still.
Exactly and that shouldn't have been the thing that someone should be doing with bitcoin anyway, the mere fact that the growth of bitcoin isn't going to happen overnight and the daily movement of it's price is so volatile that we're all warned to take precautions when trading and only trade what we can afford to lose means that we all should've been not relying on bitcoin as a means to make money for our daily needs and at the end as you've said, bitcoin's better when you're hodling it the longer. My take on this people that are still doing this reliance on bitcoin for daily money is that they're admirable because they don't mind the risk and that they're crazy enough to do this not just once or in a day. I also do admire those people that have been completely reliant to Bitcoin in all means of their survival. Like how? through trading or any other tasks that they're paid to do so. But if it's with trading, I'd say that it's kind of hard to survive with it and be wholly reliant on it having no other source of living. But I know the fact that there are traders, full time, that can make as much as they can but with the perspective of not a trader or just do it casually, it's truly hard.
|
Rent this sig space so that BTC goes to $100k.
|
|
|
|