Why you should only hold Bitcoin

[GeorgeJohn]

Different persons have different ideology of holding Bitcoin for long time so the essence of holding bitcoin from my own perspective of life is that you have to understand the procedures of investment because holding Bitcoin is like having a target of multiplying what you have because any crypto investor have plans and the plan of holding bitcoin is to make a profit in future so the essence of holding bitcoin for long time is to make a profit in nearest future so that is why many persons indulge in Bitcoin holding and also bitcoin investment for long term

[ThemePen]

Different persons have different ideology of holding Bitcoin for long time so the essence of holding bitcoin from my own perspective of life is that you have to understand the procedures of investment because holding Bitcoin is like having a target of multiplying what you have because any crypto investor have plans and the plan of holding bitcoin is to make a profit in future so the essence of holding bitcoin for long time is to make a profit in nearest future so that is why many persons indulge in Bitcoin holding and also bitcoin investment for long term

I agree with you. Keeping Bitcoin for a long time needs good understanding of investing and clear goal to make more money from initial investment in future. It is good decision that needs patience and a readiness to deal with changes in market. By holding onto Bitcoin for long time investors can benefit from its potential to grow over time and increase their chances of making profit. And we have seen in previous 6 months how Bitcoin proven itself and now it is hot topic in USA too. So holding on Bitcoin is definitely beneficial if we hold it for a long time.

[mirakal]

Different persons have different ideology of holding Bitcoin for long time so the essence of holding bitcoin from my own perspective of life is that you have to understand the procedures of investment because holding Bitcoin is like having a target of multiplying what you have because any crypto investor have plans and the plan of holding bitcoin is to make a profit in future so the essence of holding bitcoin for long time is to make a profit in nearest future so that is why many persons indulge in Bitcoin holding and also bitcoin investment for long term

Holding is not necessary but rather an option for everyone as it depends on their preferences and investment plans that is my understanding. But yes, it was best to get this plan especially if we don't have the urge to sell our bitcoin. Maybe holding for 4-5 years is quite enough, we're making good profit from that long when sell them during bull season.

The common reason why some are not able to hold is because of the lack of understanding which drives their minds to worry and feel uncomfortable especially when seeing a declining scenario. The volatility of the market makes someone feel uneasy, they always think of negativity rather than thinking positively. I think convincing people to keep calm is not effective, still their minds manipulate their actions.

[Luzin]

Maybe holding for 4-5 years is quite enough, we're making good profit from that long when sell them during bull season.

The common reason why some are not able to hold is because of the lack of understanding which drives their minds to worry and feel uncomfortable especially when seeing a declining scenario. The volatility of the market makes someone feel uneasy, they always think of negativity rather than thinking positively. I think convincing people to keep calm is not effective, still their minds manipulate their actions.

That means every holder must have a good understanding of how to understand the price fotality of bitcoin. Each holder must understand how they hold and when they should let go to sell it. It will be more effective to get multiple profits.

Perhaps the main reason they can't afford to hold Bitcoin long is because they have other ways to make a profit. In addition, what made me release a lot of bitcoins was because I needed money for a special purpose. It was also because I had no other savings.

[Rabata]

While you have mentioned some great points I can guarantee that diversification of your crypto portfolio or just investment portfolio holds some of its own advantages. Such as having reduce your risks. If one coin is not doing well you can expect to still gain profit from the other. Bitcoin is not always stable and is constantly fluctuating. So it’s good to explore what else is in the horizon but if you feel safe enough in just investing in one coin the be my guest.

Diversification in crypto investments will certainly help in reducing risk for an investor. It is true that rather than relying on a single coin there is diversification where investors can be at ease. But it will definitely work differently for Bitcoin holders. If a person believes in Bitcoin and is willing to hold it for a long time then he can definitely be profitable. We cannot make any guarantees for any other coin except Bitcoin. After an investor invests in Bitcoin, his Bitcoin price may decrease. But it is not permanent. It is volatile which means it can recover any time from the price drops. People who hold Bitcoin for long term never lose from Bitcoin.

[Emmanuelex]

Apart from making profit off my investment in cryptocurrency, I am also the type of person that likes putting cryptocurrency into an actual use, and when I see a cryptocurrency that can't serve me for the purpose of what I want to do, or any one that its intention of release does not suit what I'm after, I just totally avoid them. I don't really go out to be checking new cryptocurrencies in the market, because I'm really not interested. Yes I have seen people hop different trends to make money, such meme coins, but it never interested me for once. But at the end, I guess everybody is just different and you should keep doing what works for you.

[Promocodeudo]

You might hold only Bitcoin because it is the most established and secure cryptocurrency, has a limited supply that can act as a hedge against inflation, and is widely recognized and adopted

I think the reason why many are interested in holding BTC and maintaining it for the long term is not only because in my opinion there is a lot of great potential that BTC has in terms of technology. If the main set just wants to quickly double profits, I think that's a very basic idea, but let's look further into the future of what actually exists in BTC. That's just the totality of the name.

Bitcoin is seen as an asset that is why we keep seeing more people invest in it and the cryptocurrency entirely.
We all want to make money since the fiat is nit adding any additional value to us except from using it for payment and other things. Bitcoin has a value than us why more people are still going to invest because one can easily make money by buying and holding as much as possible. The crypto market is becoming diverse and more people are already making money from it that is what we should always take every single opportunity to invest when the price is low so that one can earn as fast as possible.

Bitcoin is not only seen as an asset, it is also seen as a good store of wealth and value, what do we expect when something is been seen as a store of value? People are been encouraged to invest for a longterm because once an asset has a longterm value, an investor may only withdraw in a long-term to reinvest, fiat has never been a store of value because of the motives of financial institutions, ordinarily we should know that the people that benefits from fiat is the financial institutions because of the loan that they give to individuals that want it, although some individual financial players benefit too, when we use fiat to buy from stores, the owners of those stores or bigger establishment signs some form of agreement with banks to use the money given to them by the stores for loan or other business after such business, their percentage will be given to them.
I agree with you that people are making money from crypto but the misunderstanding from individuals that are not in the system has always been a setback for them to take every chance as a road to success in the business.

[RockBell]

Different persons have different ideology of holding Bitcoin for long time so the essence of holding bitcoin from my own perspective of life is that you have to understand the procedures of investment because holding Bitcoin is like having a target of multiplying what you have because any crypto investor have plans and the plan of holding bitcoin is to make a profit in future so the essence of holding bitcoin for long time is to make a profit in nearest future so that is why many persons indulge in Bitcoin holding and also bitcoin investment for long term

Your ideology will determine whether or not you make a profit. Because some individuals believe that they can benefit from bitcoin without having any understanding, yet bitcoin is always about having knowledge. The only time that something may not be vital is when you want to hold. Even if you are holding, you must understand when to buy and when to sell; there are some conditions that will discourage anyone from buying. During bull runs, you can elect to sell. Then bear is for people who desire to accumulate. But if you want to trade, you can't avoid getting deep, because trading requires skill and knowledge of technical analysis.

And if you don't follow the steps carefully when investing in bitcoin, you won't get very far. That is the challenge associated with bitcoin investing, so people must persevere and follow the steps one after the other, but they also don't want to study constantly, which is one of the most important things. If people don't want to make money, they need to be prepared to be patient, which is a requirement for success in bitcoin, but they are always too lazy to understand the steps, and once they are understood, there's no stopping you from making money.

[Sandra_hakeem]

Now about the Ethereum Tokens.  Any body can make one, I believe there are even tools to create your own for free.  This is why there are millions, and particularly a lot of Scam attempts.  There are probably millions of Bitcoin copies out there too, but they do not appear any where on a centralized data base of sorts.

Millions of unlicensed projects hitting the net... The open sourcehip is exactly why they create whatever they like and keep bugging people on their dms to "tap tap" kinda shit just for publicity and probably being listed on DEX.

I personally don't invest in any altcoin at all.. I can't even see myself doing shit like buying Dodge/Shiba in the nearest future. I understand that in the soace of 4-6 months, you could make a little from it; how do you make analysis on a coin that depends on Bitcoin and doesn't fulfill anything on its white paper?