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Author Topic: Don't forget to HODL your BTC  (Read 664 times)
Ishicryptic
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June 02, 2024, 01:16:29 PM
 #61

Title.

Whales are going to start selling like last cycle.

Don't fall for the trap. Do NOT sell.

Bitcoin is freedom. Do not sell your freedom. Hodl it until fiat goes away entirely. Give it to your grandkids if you have to. Do not sell your freedom.


Well I think that's a good advice, but not everyone that can be patient enough to hodl it until fiat goes away entirely, because most people can decide to sell their bitcoin due to financial problems and other things. that's for those who don't have any other source of income apart from bitcoin investment, so this set of people will find it very difficult to hodl it until fiat goes away. However we should not always forget to use non custodial wallet in storing our bitcoin, because that's the only means to obtain freedom.

Investors have different motives for hodling Bitcoin, some are for the future, keep holding as long as it takes, without any plans of selling, others have a timeframe for their investments, perhaps hodl till bull run, make returns on investment and sale. Sometimes financial needs can arise where an investor will be compelled to sale before the timeframe that they planned, every investor has the freedom to hodl for long or sale when they want. Bitcoin, was not created to eliminate fiat currencies, they can coexist together, only that we hope in the future that Bitcoin will become a dominant digital cash, and more people will adopt it
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June 02, 2024, 01:50:54 PM
 #62

If you’re holding Bitcoin to make money, you should do it confidently. By confidently, I mean doing it for the long run. The average investment in life usually needs patience and time for it to play out well. If you rush it, you may never benefit and would be in a loss. Invest the amount you wouldn’t worry about and wouldn’t be tempted to pull out at the wrong time.

you have to back your emotions with confidence so that you won't always want to sell your assets, I have heard of people who bought Bitcoin at a very cheap rate, and at the end of the day they forgot about it, and when they went back to check they have noticed that they have gotten more value than the initial value. so you see that holding has paid off, so their a lot of benefits that holding comes with but the benefits also come with a sacrifice, and not everyone is ready to pay that sacrifice because it can even take years before you can start enjoying the benefits of holding so it is a big sacrifice to wait. yes because when you are supposed to have waited if you pull out that period then you have lost profit. if you or anyone else wants to enjoy trading it is better to have something else to do than just focusing on holding alone you will be tempted to want to always spend out of the funds you are holding so better to still have other sources of income.

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June 02, 2024, 01:57:07 PM
 #63

I hope that everyone should perceive the title as a slogan that leads to success.  As Bitcoin continues to develop and gain widespread acceptance, its appeal will likely continue to grow, reflecting its potential to transform not only investment portfolios, but also the very foundations of global finance.

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June 02, 2024, 03:35:26 PM
 #64

If you’re holding Bitcoin to make money, you should do it confidently. By confidently, I mean doing it for the long run. The average investment in life usually needs patience and time for it to play out well. If you rush it, you may never benefit and would be in a loss. Invest the amount you wouldn’t worry about and wouldn’t be tempted to pull out at the wrong time.

you have to back your emotions with confidence so that you won't always want to sell your assets, I have heard of people who bought Bitcoin at a very cheap rate, and at the end of the day they forgot about it, and when they went back to check they have noticed that they have gotten more value than the initial value. so you see that holding has paid off, so their a lot of benefits that holding comes with but the benefits also come with a sacrifice, and not everyone is ready to pay that sacrifice because it can even take years before you can start enjoying the benefits of holding so it is a big sacrifice to wait. yes because when you are supposed to have waited if you pull out that period then you have lost profit. if you or anyone else wants to enjoy trading it is better to have something else to do than just focusing on holding alone you will be tempted to want to always spend out of the funds you are holding so better to still have other sources of income.

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June 02, 2024, 05:18:08 PM
 #65

I missed this opportunity. In my life I had many opportunities to buy at low prices. But I got out with profit in short time. If I had HODL, I would have been a gainer today.
However, there are still opportunities to buy Bitcoin. But for that, a fairly good number of assets and dollar cost averaging (DCA) system should be used. Then there will be something better in the future.

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June 02, 2024, 05:19:02 PM
 #66

Those who invest in Bitcoin invest with the hope of a good profit. The biggest problem is holding on to investing in Bitcoin, the price of Bitcoin goes up and down. If the price of Bitcoin goes up a bit, people rush to sell to take some profit, and if the price goes down, they sell. How much is the patience of people, those who invest with patience can actually achieve something in the future. Bitcoin is a long-term process and you can't panic when you invest here because you have to wait for a certain target level wherever it goes. Now bitcoin is worth a lot, if you are investing in the current time then I don't think you need to panic. In the patience game you have to wait until the end of the year from where you can get a  profit opportunity, Just Hold your Bitcoins.
Usually people who make quick decisions to make a profit or sell the asset, usually these are people who don't know the asset well or they are still afraid of losing their money rather than keeping it much longer. What you say is true, investing is not a quick way to get big profits according to our wishes, it requires extra time and patience to achieve all of that.

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June 02, 2024, 05:52:33 PM
 #67

Those who invest in Bitcoin invest with the hope of a good profit. The biggest problem is holding on to investing in Bitcoin, the price of Bitcoin goes up and down. If the price of Bitcoin goes up a bit, people rush to sell to take some profit, and if the price goes down, they sell. How much is the patience of people, those who invest with patience can actually achieve something in the future. Bitcoin is a long-term process and you can't panic when you invest here because you have to wait for a certain target level wherever it goes. Now bitcoin is worth a lot, if you are investing in the current time then I don't think you need to panic. In the patience game you have to wait until the end of the year from where you can get a  profit opportunity, Just Hold your Bitcoins.
Usually people who make quick decisions to make a profit or sell the asset, usually these are people who don't know the asset well or they are still afraid of losing their money rather than keeping it much longer. What you say is true, investing is not a quick way to get big profits according to our wishes, it requires extra time and patience to achieve all of that.
A lot of bitcoin investors mount unnecessary pressure on themselves for no reason. The reason we hold our coins is to make profits, if an investor feels that the value of his investment has appreciated and wishes to withdraw his investment with the profit, there is absolutely nothing wrong with it. He needed profits, he sold his coins when the price was high and he got what he wanted. How long you hold your coins is not a standard to know who is a better investor or not.

Not all investors in the bitcoin family have same goal, while some have short term goals, others have long term goals. In both, the aim is to make profits though with different approaches. Not all will hodl for long but they will still enjoy the benefits of bitcoin. Those who put themselves under pressure to invest like the next person with a totally different goal might not enjoy their investments. Buy when the price is low and sell when the price is high, that is the golden rule.

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June 02, 2024, 06:37:10 PM
 #68

I hope that everyone should perceive the title as a slogan that leads to success.  As Bitcoin continues to develop and gain widespread acceptance, its appeal will likely continue to grow, reflecting its potential to transform not only investment portfolios, but also the very foundations of global finance.

Bitcoin is the most important asset in the cryptocurrency space and we should be prepared to buy and hold for as long as possible. We should be prepared to invest in the future because this is one of the ways we can always make something out of the future. Many investors that we are seeing holding and have made a lot from cryptocurrency is due to their numerous holdings in the market which has been giving them huge profits. The only we we can make a good decision now that Bitcoin is still ranging is for us to buy and hold an to token we are sure it's going to last longer in the cryptocurrency world and will not die off as soon as possible.

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June 02, 2024, 07:59:03 PM
 #69

I missed this opportunity. In my life I had many opportunities to buy at low prices. But I got out with profit in short time. If I had HODL, I would have been a gainer today.
However, there are still opportunities to buy Bitcoin. But for that, a fairly good number of assets and dollar cost averaging (DCA) system should be used. Then there will be something better in the future.
It's okay, everyone has a target amount to buy and a target price to sell bitcoin, we also don't get too greedy that bitcoin at a previous time we thought would reach the current price, the most important thing is that we know that bitcoin provides benefits to those who invest in bitcoin and we might be much more aware that bitcoin is the best place to multiply your money than keeping it in the bank.

The opportunities for bitcoin are still very wide, we are only a few steps at this time and need to realize we are just one step away from the end of this bitcoin cycle, 2025 is the last target for bitcoin to reach the highest ATH in this cycle, therefore it is very possible to get profits back in bitcoin, DCA is the best step when the price of bitcoin is like now with that we Hold bitcoin back until the price target we want.

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June 02, 2024, 09:37:36 PM
 #70

Title.

Whales are going to start selling like last cycle.

Don't fall for the trap. Don't sell unless you absolutely have to!

Bitcoin is freedom. Do not sell your freedom. Hodl it until fiat becomes less popular than bitcoin. Give it to your grandkids if you have to. Do not sell your freedom.

EDIT: Made some changes to calm people down.


Actually I think that's a good advice from op but I think not everyone that can Stick to this advice, reason is because most investors don't have any other source of income apart from bitcoin investment, so this set of people will find it very difficult to hodl their bitcoin till the right time. moreover I think this advice will only be helpful to those Investors who have other source of income apart from bitcoin investment, because they  won't find it difficult to hodl their bitcoin, probably if they have any financial problem they can use their salary to sort it out. and leave their Bitcoin untouched, this is why is very good to have other source of income so as to enable us hodl our bitcoin until fiat becomes less popular than bitcoin as you said.
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June 02, 2024, 09:49:46 PM
 #71

Well, its kind of true. The thing is, whales selling their asset is part of the cycle or cant be avoided, and truly, after they sell some huge amount of bitcoin, the price will make a dip, which is for some it would be a scare, but for other investors it will be an opportunity because when the price makes a dip, you can take advantage of it by buying bitcoin and waiting for the price to go back or increase again. Just believe in bitcoin, and it will always go back from its high price because many more investors are being attracted and starting to invest in bitcoin. So don't panic when you see a dip in the bitcoin price; instead, treat it as a sign that you will need to increase your investment and earn more. Holding bitcoin is a bit challenging, but if you are wiser and firmer in your plan, then you will earn a lot.

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June 02, 2024, 09:58:49 PM
 #72

I missed this opportunity. In my life I had many opportunities to buy at low prices. But I got out with profit in short time. If I had HODL, I would have been a gainer today.
However, there are still opportunities to buy Bitcoin. But for that, a fairly good number of assets and dollar cost averaging (DCA) system should be used. Then there will be something better in the future.
Everyone of us here has our own fair share of missed opportunities, but as long as we learned from it and now we’re trying to make it right by using DCA, still there are big chances for us to be successful and become big time hodlers in the end. Hodling bitcoin comes always with patience and positive outlook. If you have set goals to achieve in the future, then always take time to buy and hold if that’s the only means to achieve your end goal.

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June 02, 2024, 10:15:58 PM
 #73

Bitcoin is freedom. Do not sell your freedom. Hodl it until fiat becomes less popular than bitcoin. Give it to your grandkids if you have to. Do not sell your freedom.
But what if selling it is going to get you freedom? Freedom to own a house, a car, a yacht, and to have more money? and those things were just a dream to you before but because of Bitcoin, you can finally obtain any of it and much better if all of it at once? I am not against with anyone, I am also a long term holder but I think that all of us have their own selling prices and once it has been reached, we might sell 20%-90% of it but will still hold to have some remaining.

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June 02, 2024, 10:21:07 PM
 #74

Can you live without fiat? You are welcome to HODL bitcoin but make sure in a balanced way because fiat is still needed for your needs.

I will HODL bitcoin until the price is really bullish then sell because it is profitable and enjoy the results when entering a bearish market again then accumulate again that way we can feel the profit.

You don't sell bitcoin until you give it to your grandchildren when will you enjoy the results?

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sulendra12
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June 02, 2024, 10:44:20 PM
 #75

Title.
Whales are going to start selling like last cycle.
Don't fall for the trap. Don't sell unless you absolutely have to!
Bitcoin is freedom. Do not sell your freedom. Hodl it until fiat becomes less popular than bitcoin. Give it to your grandkids if you have to. Do not sell your freedom.
EDIT: Made some changes to calm people down. 🧡
Like people said, your sentence literally contradicts each other.
If it's your freedom to hodl Bitcoin then let them be, I do agree that you can sell your assets whenever you need it and there is no one going to blame for that because that's your assets and it's up to you for how do you use it. Also Bitcoin replaces fiat is just a difficult thing to ask for and it could remain unchanged for several decades.

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fauzan Ichsan
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June 03, 2024, 02:54:56 AM
 #76

Title.
Whales are going to start selling like last cycle.
Don't fall for the trap. Don't sell unless you absolutely have to!
Bitcoin is freedom. Do not sell your freedom. Hodl it until fiat becomes less popular than bitcoin. Give it to your grandkids if you have to. Do not sell your freedom.
EDIT: Made some changes to calm people down. 🧡
Like people said, your sentence literally contradicts each other.
If it's your freedom to hodl Bitcoin then let them be, I do agree that you can sell your assets whenever you need it and there is no one going to blame for that because that's your assets and it's up to you for how do you use it. Also Bitcoin replaces fiat is just a difficult thing to ask for and it could remain unchanged for several decades.
This is different with me, where I will release some of it during the bullish season and will buy it back during the bearish season, so that at least I can still enjoy the results of our smart work and if we are not financially strong, some of us can diversify into other business fields, so that with more and more These sources of income will strengthen each other in terms of our financial stability, and ultimately we can achieve financial freedom

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June 03, 2024, 05:41:39 AM
 #77

This is an very big rule for us that do hodl Bitcoin. It does take some discipline to not want to sell when we can make some easy profits. It does happen for me alot but I still hodl.
Or if we can take some big gains, we must remember to hodl. If we do sell then we have weak hands and will sell to other hodlers.
If you do want to trade your bitcoin and other crypto you can lose it all. But if we hodl, there will be big profits for us.

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June 03, 2024, 06:56:20 AM
 #78

I hope that everyone should perceive the title as a slogan that leads to success.  As Bitcoin continues to develop and gain widespread acceptance, its appeal will likely continue to grow, reflecting its potential to transform not only investment portfolios, but also the very foundations of global finance.
Apart from what you said, I also hope that everyone will view Bitcoin as a very valuable and valuable asset so that those who own it will not want to exchange it carelessly for anything in this world except for things they really need. I also see that the attraction of most people towards Bitcoin at this time has also begun to increase, causing the value of Bitcoin itself to increase as well and this is also a very good thing for the growth of assets like Bitcoin now and also in the future.

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June 03, 2024, 08:32:59 AM
 #79

In today's world Bitcoin has gone to such a place that its demand is increasing day by day. People need money to run their lives. The more money the better the life. So if we can hold BTC today, our future generations will be happy.

Today you are holding very little BTC using the DCA method. Don't do it if you are thinking of selling it if the price goes up a bit. Because today it is being held and sold to another holder after a few days. By doing this, your temporary needs will be met but the future will not be bright. So if you don't go to the last stage then keep holding bitcoins

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June 03, 2024, 09:39:45 AM
 #80

This is exactly why I tell all of my friends and family who don't fully understand bitcoin. All they need to do is just set up a small DCA while they continue to learn. As soon as they take the orange pill and have their "ah ha" moment, then they can drop their DCA buys and smash buy as often as they have extra fiat.

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