Risk of holding bitcoin forever

[DiMarxist]

Investing in Bitcoin is certainly risky, not just for Bitcoin. Investments like land, houses, vehicles, gold, diamonds, or silver are all at risk. If no one knows about it, including family or trusted individuals, it's guaranteed to disappear.

The risks of no one knowing about your Bitcoin investment is that you have nobody to pass on your Bitcoin to if you were to pass away but you are also doing the Bitcoin network a good deal because the Bitcoin you have in your wallet will be taken out of the market hence it increase the value of the Bitcoin circulating the market thereby increasing the scarcity of Bitcoin so even though you did not have an heir to inherit your Bitcoin you have also done a good deal to the community. Every investment has risk and if you don't have anyone to pass it on to it also has it's disadvantage but let's not consider that much of a risk in the case of Bitcoin since it's a win-win for Bitcoin in all situation including the one in which your Bitcoins gets forgotten.

But I don't think that anyone should actually pass away without gifting your Bitcoin which you have accumulated throughout your life.one of the best gifts that anyone can gift out is Bitcoin all what you is to make sure that the person you are gifting your Bitcoin to is someone who is interested in Bitcoin. Because if you gift your Bitcoin to someone who don't know the value then it's like throwing your Bitcoin away.

[fredericktaylor]

That happens when you plan to diversify into bitcoin and altcoin. If you have plans to invest in bitcoin alone you can decide to use to method of investment (long term and short term). By so doing you are not going into any risk cause you take profit from the short term when their is an uprising in the price of bitcoin when the market gets to ATH you also have an added advantage in your long term project because your profit will be coming from both sides. When you diversify into bitcoin and altcoin the risk could give you a little bit of mental imbalance cause when bitcoin is going down the dip your altcoin goes completely done sometimes when bitcoin rises again not all altcoins survives to rise after each dip.

I can invest my money in stocks, gold, real estates that are traditional assets but if I want to diversify my investment, I can consider and choose a new market like cryptocurrency market and pick a best asset there like Bitcoin. If I feel risky with stocks, I can choose only gold and real estates from traditional markets, and choose Bitcoin from cryptocurrency market.

Spending money to altcoins is very risky and it's not like good investment so altcoins are not my choices for my capital investment diversification practice.

Diversification in investments is a very good thing because you do not have to depend on one investment, if one investment loses, there is a possibility of profit in another investment, so we always say that it is good to diversify investments. Those who can afford it should definitely invest in different places instead of investing all their money in one place. But of course we have to invest in the right place after knowing and understanding or research if we do not invest in the right place, the possibility of losing money can increase manifold. I think investing in Altcoins is very risky, all the money can be destroyed at any time as a result of investment.

[Onyeeze]

Investing in Bitcoin is certainly risky, not just for Bitcoin. Investments like land, houses, vehicles, gold, diamonds, or silver are all at risk. If no one knows about it, including family or trusted individuals, it's guaranteed to disappear.

The risks of no one knowing about your Bitcoin investment is that you have nobody to pass on your Bitcoin to if you were to pass away but you are also doing the Bitcoin network a good deal because the Bitcoin you have in your wallet will be taken out of the market hence it increase the value of the Bitcoin circulating the market thereby increasing the scarcity of Bitcoin so even though you did not have an heir to inherit your Bitcoin you have also done a good deal to the community. Every investment has risk and if you don't have anyone to pass it on to it also has it's disadvantage but let's not consider that much of a risk in the case of Bitcoin since it's a win-win for Bitcoin in all situation including the one in which your Bitcoins gets forgotten.

But I don't think that anyone should actually pass away without gifting your Bitcoin which you have accumulated throughout your life.one of the best gifts that anyone can gift out is Bitcoin all what you is to make sure that the person you are gifting your Bitcoin to is someone who is interested in Bitcoin. Because if you gift your Bitcoin to someone who don't know the value then it's like throwing your Bitcoin away.

Bitcoin is a nice gift to give someone but the thing is that which one is not the best gift so far that you can gift to someone as we have or digital investment and also currencies such as gold this kind of investment or gift is what you can give to someone and it will be ever be grateful because of how the price also increases and also decreases, I know that bitcoin is good to offer to people but some people may like to prefer gold because of valuable and it's generally accepted in all the countries

[RockBell]

Everyone also knows that there’s no point in holding Bitcoin forever because everyone wants the benefits too from it. And everyone also wants to enjoy the profits from the Bitcoin they’ve been holding all this time whether in small or even large amounts. But I personally think that holding Bitcoin forever can also be interpreted as continuing to hold Bitcoin indefinitely with the goal of profiting from price appreciation. And what is cashed out from holding Bitcoin is only a portion of it, where the rest is left untouched so that it can continue to be profitable in the long term. So I personally think that this approach can be considered holding Bitcoin forever. On the other hand holding Bitcoin forever also applies to people who save Bitcoin for their retirement or even to pass it down to their descendants as an inheritance.

I agree with you that there is no point holding Bitcoin for ever because when you make profit then the next thing will be for you to sell because countless times people ask what is next when it comes to Bitcoin investments when you finish buying and the next thing will be that you are making profit then you start making plans on how to buy again because it's not a business that should be let go since the goal is for you to make profit because you are investing because you want to make profit.

And people know this so even if you want to hold them it won't be for ever because it's business and we can hold for a long time and then sell it when ever we want when the profit have been made because it is sounding more like people want to keep it don't know as long as they can or even hand it over to there children.

[tabas]

Those who invest in the long term are in a better position now. Because they have learned from the past experience of others that if they intend to hold forever, they need to create back up and other measures so that when the time comes for them to sell, they won't forget it.

Holding Bitcoin forever is impossible but holding Bitcoin for soy period of time (long term investment) is possible and there is really no risk aside it nature which is normal

It's actually possible to hold forever when you have no plans to sell. But all of us will come to that point that we have to sell for some purpose and reasons. And by the time we have started to hold, the risk is already there through its volatility.

[Sonia_123]

Bitcoin cannot be held forever because even the investor can't live forever, it's only held for a long term and if opportune be passed from one generation to the other but in rear cases which I have not seen, because most investors tends to be more careful with their investment interns of making their seed phrase known to their family for easy transition that is where the lost of the investors investment comes in where he is no more, only if the seed phrase and password are being kept a d pass on to their inheritance that is when we can say one can hodl Bitcoin as long as it exist.

[Fivestar4everMVP]

Bitcoin cannot be held forever because even the investor can't live forever, it's only held for a long term and if opportune be passed from one generation to the other but in rear cases which I have not seen, because most investors tends to be more careful with their investment interns of making their seed phrase known to their family for easy transition that is where the lost of the investors investment comes in where he is no more, only if the seed phrase and password are being kept a d pass on to their inheritance that is when we can say one can hodl Bitcoin as long as it exist.

Bitcoin passed from one generation to another but in rare cases, it's only appears rare to you because bitcoin itself is not yet a generation old, when bitcoin becomes a generation old and we happen to still be alive, I bet you will see alot of bitcoin that's been passed from this generation to that next one that is coming, it's not rare at all.

And let me also say that it's true that some may lose their fortune to the Internet due to not letting their wife, husband, children or family relative in on their secret phrase that gives access to every of their online crypto investment before they pass, especially this days that even young people die faster than the old ones..
But I believe many are beginning to learn to have that one trusted person they can open this things up to incase of any thing, some are writing letters and keeping the letter where it can easily be found if they are gone, this latter reveal where their seed phrase can be found and who ever has the letter can retrieve all the money contained in the wallet that owns the seed phrase.

[fuguebtc]

Investing in Bitcoin is certainly risky, not just for Bitcoin. Investments like land, houses, vehicles, gold, diamonds, or silver are all at risk. If no one knows about it, including family or trusted individuals, it's guaranteed to disappear.

The risks of no one knowing about your Bitcoin investment is that you have nobody to pass on your Bitcoin to if you were to pass away but you are also doing the Bitcoin network a good deal because the Bitcoin you have in your wallet will be taken out of the market hence it increase the value of the Bitcoin circulating the market thereby increasing the scarcity of Bitcoin so even though you did not have an heir to inherit your Bitcoin you have also done a good deal to the community. Every investment has risk and if you don't have anyone to pass it on to it also has it's disadvantage but let's not consider that much of a risk in the case of Bitcoin since it's a win-win for Bitcoin in all situation including the one in which your Bitcoins gets forgotten.

But I don't think that anyone should actually pass away without gifting your Bitcoin which you have accumulated throughout your life.one of the best gifts that anyone can gift out is Bitcoin all what you is to make sure that the person you are gifting your Bitcoin to is someone who is interested in Bitcoin. Because if you gift your Bitcoin to someone who don't know the value then it's like throwing your Bitcoin away.

Who does not like money? After all, Bitcoin is just money. So, if you want to leave Bitcoin to someone as an inheritance or give it as a gift, all you have to do is show them how much it is worth in fiat terms. Whether they care about Bitcoin or not,  I do not think anyone would turn  it down once they know how much it is worth

As for choosing  not to share or pass your Bitcoin on to anyone and letting it disappear with you . I see that as wasteful and selfish rather than a meaningful contribution to the community.

[Silikiem]

That happens when you plan to diversify into bitcoin and altcoin. If you have plans to invest in bitcoin alone you can decide to use to method of investment (long term and short term). By so doing you are not going into any risk cause you take profit from the short term when their is an uprising in the price of bitcoin when the market gets to ATH you also have an added advantage in your long term project because your profit will be coming from both sides. When you diversify into bitcoin and altcoin the risk could give you a little bit of mental imbalance cause when bitcoin is going down the dip your altcoin goes completely done sometimes when bitcoin rises again not all altcoins survives to rise after each dip.

I can invest my money in stocks, gold, real estates that are traditional assets but if I want to diversify my investment, I can consider and choose a new market like cryptocurrency market and pick a best asset there like Bitcoin. If I feel risky with stocks, I can choose only gold and real estates from traditional markets, and choose Bitcoin from cryptocurrency market.

Spending money to altcoins is very risky and it's not like good investment so altcoins are not my choices for my capital investment diversification practice.

Diversification in investments is a very good thing because you do not have to depend on one investment, if one investment loses, there is a possibility of profit in another investment, so we always say that it is good to diversify investments. Those who can afford it should definitely invest in different places instead of investing all their money in one place. But of course we have to invest in the right place after knowing and understanding or research if we do not invest in the right place, the possibility of losing money can increase manifold. I think investing in Altcoins is very risky, all the money can be destroyed at any time as a result of investment.

Sometimes don’t you think that diversification can also be a reason why most investments couldn’t reach the level of success it was meant to be or collapse entirely. When diversifying it is also very important to ensure that the goal of starting the first investment should be achieved to some certain level. Once an investor start getting a divided attention there’s a possibility that he may lose focus and the investment will crumble. For a bitcoin investor it is wise that before diversifying into another sector of investment, the investor should ensure that he have accumulated some reasonable amount of bitcoin and reach his investment target.

[Giwagi56]

What are you saying? They lost their money because they failed to keep their recovery seed safe, it's not about holding for too long, and yes if you know that you are going to be careless with your recovery seed later on maybe it's best you don't hold for long but what I won't accept is you saying their lost their money / Bitcoin because they held too long, that's false.

I’m very surprised about what Op said because I’ve never heard that people who hold bitcoin for so long lost their bitcoin, bitcoin is known as an investment that is made to hold for a long time not something you buy and decide to sell in the next month because of the price that rises, people who lost their bitcoin are people who forget their passwords or those who can not hold their seed phrase and protect it from the scammers, there is no where you will see a person complaining that holding a bitcoin for long term is the reason why they failed but there are many people who get scammed by not protecting their bitcoin as much as they should.

[Zanab247]

Those who invest in the long term are in a better position now. Because they have learned from the past experience of others that if they intend to hold forever, they need to create back up and other measures so that when the time comes for them to sell, they won't forget it.

Don't forget that investing in long years require enough resources, because you can't just invest all your money in BTC and hodl for long years without having other resources that will be encouraging you not to sell in the short time. But if you are well prepared financially, I guess you will achieve what you want in the future because many people never think that the price of BTC will reach where the price is now and those that was hodling for years are in good mood to earn massive profits in the future.

I know there are risk  BTC hodlers use to go through before their dream will come to reality, but if you have knowledge of that BTC you are hodling I guess your hodling will not going to be in Vail, because the price of BTC will continue breaking into new price.

[Youngrebel]

Don't forget that investing in long years require enough resources, because you can't just invest all your money in BTC and hodl for long years without having other resources that will be encouraging you not to sell in the short time. But if you are well prepared financially, I guess you will achieve what you want in the future because many people never think that the price of BTC will reach where the price is now and those that was hodling for years are in good mood to earn massive profits in the future.

I know there are risk  BTC hodlers use to go through before their dream will come to reality, but if you have knowledge of that BTC you are hodling I guess your hodling will not going to be in Vail, because the price of BTC will continue breaking into new price.

One mistake so many of us actually make today is investing money we might need in the short a short period of time then later regret why using it to invest rather than having a proper plan and doing what is necessary and thats why so many people sell bitcoin everyday just to meet up with their daily expenses and if you have to keep selling your Bitcoin to cover daily expenses just to survive it actually becomes so difficult to benefit from it like those who parkate in long term invest. And thats  why having a steady source of income like a business before investing is so so important because while investment is growing that source of income could cover up for so many things most especially during emergency periods and it will give you the patience and enough time to focus and make a better profit out of your investment.