Bitcoin And How It Slowly Changes The Way You Think About Time.

[savetheFORUM]

It's not all about expecting profit. It's also normal to expect profit and hold for a long time, but spending some of it when the need arises is not a bad thing. Having a mindset of holding for a long time is good, but let's not forget that bitcoin is money, and since we can't live life without spending money, we should be able to spend our bitcoins, too.

In some things like a BTC gambling, to profit is still possible if we are lucky actually. It doesn't make sense to hold and hold continuously till eternity, so yeah that it is a must to spend our BTC too if that need arises or sell even on any market conditions.

I think there are still people that are way too stingy that won't spend even just a dime of their savings. They can rather rely onto someone else for their resources but some can also find alternatives like plant or grow their own food. It is only funny that when they got sick, their savings will still be touch and most especially, we can't bring our money by the time we leave this world.

[SquallLeonhart]

Thinking about long term and hoping for a bigger return, and not wanting to spend bitcoin or wanting to spend bitcoin, both are fine in that case. Of course it is not easy, and you are going to end up with many problems along the way, that's the way life works, you face obstacles and that is fine.

In this case, you may start to think differently but you also need to see how the market things, because if you only focus on yourself, then you are going to lose and then you will be upset, but if you look at how everyone else reacts and thinks, you are going to be fine.

[BluebloodCXVI]

In some things like a BTC gambling, to profit is still possible if we are lucky actually. It doesn't make sense to hold and hold continuously till eternity, so yeah that it is a must to spend our BTC too if that need arises or sell even on any market conditions.

I think there are still people that are way too stingy that won't spend even just a dime of their savings. They can rather rely onto someone else for their resources but some can also find alternatives like plant or grow their own food. It is only funny that when they got sick, their savings will still be touch and most especially, we can't bring our money by the time we leave this world.

What do you mean by Btc gambling? @savetheFORUM I’m a bit confused here!. And why are you worried about profit if your goal is long term accumulation?. Nobody is asking you to hold your bitcoin for eternity, that’s not a realistic scenario. What i’m saying is that folks should meet up their accumulation quota first before thinking about tampering with their bitcoin stash to spend on anything. And that is why i have highlighted the importance of having backup funds if you’re investing in bitcoin, it will keep you from having to tamper with your stash anyhow. Unless maybe the person is in a very bad circumstance that even the backup funds alone cannot cover for, then it would fair if you decided to take from your stash to sort that issue; it would be understandable.

[Lenubari]

Thinking about long term and hoping for a bigger return, and not wanting to spend bitcoin or wanting to spend bitcoin, both are fine in that case. Of course it is not easy, and you are going to end up with many problems along the way, that's the way life works, you face obstacles and that is fine.

In this case, you may start to think differently but you also need to see how the market things, because if you only focus on yourself, then you are going to lose and then you will be upset, but if you look at how everyone else reacts and thinks, you are going to be fine.

That's a fair point. Whether someone chooses to spend Bitcoin or hold it for the long term depends on their goals, and both approaches can be valid. The important thing is having a plan and understanding the reasons behind your decisions.

I also agree that emotions and market psychology play a huge role. While it's important to think independently, ignoring how the broader market behaves can lead to poor decisions. Understanding Bitcoin, staying patient, and being aware of market sentiment can help investors avoid panic and make better long-term choices.

[Mate2237]

Bitcoin should not only be seen as our financial asset, but also as our investment and wealth. Bitcoin teaches us to think differently, especially long-term thinking and gives us a sense of freedom and a global perspective. However, when two people only chase the price 

Off course Bitcoin is one thing that, has grown beyond just a financial asset to invest in. Bitcoin is a business opportunities that is worth investing into to create wealth. Bitcoin as it stands today has out grown what many people look at it to be years back. Bitcoin has given people the opportunity to creating wealth gradually in thesame way it has taught people to be patient have control of their finance's.


When it comes to Bitcoin investment we should totally remove greed from it because, Bitcoin is not something that rewards people who don't have, patience because. Wealth creation is a process that takes time and is not immediate . This also applies to Bitcoin when it comes to accumulation of your Bitcoin portfolio.

[abaeze]

I agree with you that Bitcoin teaches many people long-term thinking. For those who do DCA regularly and hold Bitcoin for years, this investment teaches patience and mental stability and teaches how to plan for the future. Another thing is that in the conventional banking system, many responsibilities are on third parties, but in Bitcoin, you have to take responsibility for your own wallet. For this reason, just as you have to keep the private key in your own custody, if you forget it, all the assets become unusable. So it teaches you freedom as well as how to fulfill your own responsibilities. All in all, Bitcoin is a kind of revolution that depends on the correct use of the investor's profit / loss and financial security.