Hold bitcoin long Enough and you are most definitely safe

[Delaforetnoire]

Bitcoin is still "very young"  when compared to commodities like Gold. It has only a less than 20 year history. But insofar, history has shown that it has done well (past performance is not indicative of future).

Bitcoin’s journey is not as long as gold, but considering the position from which Bitcoin started its journey and has come this far, if it stays for a long time, Bitcoin would be at an even higher position.

Gold has been in use since ancient times but Bitcoin started being used much later, yet Bitcoin has come a long way.

Just by looking at the history behind Bitcoin, it can be understood how it has come this far through different ups and downs.

In the future, Bitcoin will go much further, those who can invest for a long time will be able to take a good amount of profit from here. For investing safely, bitcoin is the best.

[Jasmyne]

Bitcoin always
At this point, we don't need to still be advocating for bitcoin because it has already done all the promotions needed of it and everyone and anyone who believes in the coin, will always want to seize the opportunity to invest in it.
At this point, we have differs reasons why people might not be able to invest in bitcoin and that's understandable but I don't want to believe that, there's any tangible reason why anyone who knows about bitcoin is not investing except they don't have the money to invest or even DCA

In reality, those who have acquired specific knowledge through research about Bitcoin and have enough money to invest, this long-term mindset, will definitely invest to take advantage of Bitcoin opportunities in the future and hold it for a long time with confidence. However, there are many people who know about Bitcoin but are not motivated to invest, this is absolutely normal. It can never be the case that a person will be motivated to invest in Bitcoin just because they have knowledge about Bitcoin. The investment decision is completely your personal decision. I have seen many people who know about Bitcoin but are not motivated to invest.

There must be motivation to invest, not only to invest but also motivation or I’ll rather say the determination to hold. These are two different things and not every investor possesses this two. some actually want to invest, but to hold for that long term is what they really can’t do because they are not disciplined enough due to one or two reasons stopping them or even due to the fact that they are after making quick profits, immediately after little profit comes, they sell.
So it way beyond just knowing bitcoin, almost all investors know bitcoin is a store of value but some fail to make use of it as one.

[ArabBTC]

To begin with, theres no such thing as completely safe in the investing world. Whether its Bitcoin, stocks or any other asset, I dont think “safe” is the right word to use.

For me, holding Bitcoin is a better option than many other assets. Of course its still risky because of the volatility, but it has already proven many times that over the long term the price can recover and continue higher.

You just need to understand the risk and avoid panic selling. If you cannot handle big price swings, then maybe Bitcoin is not for you.

Well said, using the word ‘Safe’ rules out a major characteristic of bitcoin which is volatility, no matter the investment strategy we employ we can’t completely ignore the place of risk in bitcoin investment, the only thing we can say regarding long-term investment is that it helps reduce or minimize risk since fluctuations in bitcoin price often stabilize in time. A good investor must employ patience, he must be ready to hold his coins for a long duration regardless of people’s opinion or market fluctuations.

[LUCKMCFLY]

This is why I don't always like holding my Bitcoin through the cycles, what am I holding it for then? I always take profits and enjoy then but back when it's cheaper, even if the unexpected happens I've always taken profits and live with that.

It's not bad, and everyone has their own way of seeing and acting in the market. If you feel comfortable doing that, it seems excellent to me. But haven't you thought about an alternative to accumulating BTC? I don't know, maybe you could also save or use a dollar-cost averaging (DCA) strategy for emergencies, expenses, and urgent situations, but do it with stablecoins? Why? So that when your investment fund, like BTC, drops in price, instead of selling, you buy gradually. This will increase your accumulation, and therefore, in the long run, you'll build up your BTC much faster.

[BluebloodCXVI]

There must be motivation to invest, not only to invest but also motivation or I’ll rather say the determination to hold. These are two different things and not every investor possesses this two. some actually want to invest, but to hold for that long term is what they really can’t do because they are not disciplined enough due to one or two reasons stopping them or even due to the fact that they are after making quick profits, immediately after little profit comes, they sell.
So it way beyond just knowing bitcoin, almost all investors know bitcoin is a store of value but some fail to make use of it as one.

It’s relatively easy for a person to decide that they want to start buying bitcoin, but actually having the discipline to sit through the volatility and hold their bitcoin for years is where they struggle at and the reason why this happens is because the the challenges involved in investing in different from the one involved in holding.

[cocadalcan]

Bitcoin always
At this point, we don't need to still be advocating for bitcoin because it has already done all the promotions needed of it and everyone and anyone who believes in the coin, will always want to seize the opportunity to invest in it.
At this point, we have differs reasons why people might not be able to invest in bitcoin and that's understandable but I don't want to believe that, there's any tangible reason why anyone who knows about bitcoin is not investing except they don't have the money to invest or even DCA

In reality, those who have acquired specific knowledge through research about Bitcoin and have enough money to invest, this long-term mindset, will definitely invest to take advantage of Bitcoin opportunities in the future and hold it for a long time with confidence. However, there are many people who know about Bitcoin but are not motivated to invest, this is absolutely normal. It can never be the case that a person will be motivated to invest in Bitcoin just because they have knowledge about Bitcoin. The investment decision is completely your personal decision. I have seen many people who know about Bitcoin but are not motivated to invest.

There must be motivation to invest, not only to invest but also motivation or I’ll rather say the determination to hold. These are two different things and not every investor possesses this two. some actually want to invest, but to hold for that long term is what they really can’t do because they are not disciplined enough due to one or two reasons stopping them or even due to the fact that they are after making quick profits, immediately after little profit comes, they sell.
So it way beyond just knowing bitcoin, almost all investors know bitcoin is a store of value but some fail to make use of it as one.

You need to be disciplined to invest in Bitcoin, this basic element will take you to the top. You will see that many people earn a lot but they are not involved in investing, even if someone's income is low, they live a disciplined life and are able to build a Bitcoin holding. By being disciplined and applying the earned funds correctly, you can change your financial situation. The financial flow of a person who earns a lot will not always be the same, so while he has financial capacity, he has to think about the future and focus on building a Bitcoin holding.

[Rabata]

There must be motivation to invest, not only to invest but also motivation or I’ll rather say the determination to hold. These are two different things and not every investor possesses this two. some actually want to invest, but to hold for that long term is what they really can’t do because they are not disciplined enough due to one or two reasons stopping them or even due to the fact that they are after making quick profits, immediately after little profit comes, they sell.
So it way beyond just knowing bitcoin, almost all investors know bitcoin is a store of value but some fail to make use of it as one.

It’s relatively easy for a person to decide that they want to start buying bitcoin, but actually having the discipline to sit through the volatility and hold their bitcoin for years is where they struggle at and the reason why this happens is because the the challenges involved in investing in different from the one involved in holding.

Buying Bitcoin is easy but holding it for the long term is definitely difficult because the rise and the fall of Bitcoin during long term holding tries to remove the user from his track. Various market changes destroy the mental strength of the investor that is why only those who have discipline in their investment can hold Bitcoin for the long term. If the investor buys Bitcoin from the dip, it is certainly good for him, but if Bitcoin cannot be held for the long term, then there is no point in that purchase. Buying Bitcoin may be a simple financial decision for an individual but holding it for the long term is definitely a big test of mental strength and patience. There is no chance for an investor to think that holding Bitcoin is profitable if he cannot hold it for the long term.

[RockBell]

To begin with, theres no such thing as completely safe in the investing world. Whether its Bitcoin, stocks or any other asset, I dont think “safe” is the right word to use.

For me, holding Bitcoin is a better option than many other assets. Of course its still risky because of the volatility, but it has already proven many times that over the long term the price can recover and continue higher.

You just need to understand the risk and avoid panic selling. If you cannot handle big price swings, then maybe Bitcoin is not for you.

Well said, using the word ‘Safe’ rules out a major characteristic of bitcoin which is volatility, no matter the investment strategy we employ we can’t completely ignore the place of risk in bitcoin investment, the only thing we can say regarding long-term investment is that it helps reduce or minimize risk since fluctuations in bitcoin price often stabilize in time. A good investor must employ patience, he must be ready to hold his coins for a long duration regardless of people’s opinion or market fluctuations.

I don't think volotibility is safe because it's an algorithm that balances the market and we don't expect the price to keep rising. Therefore, if the price drops, there's a very high chance that it will rise again. In the worst case scenario, I would say that it's unsafe when you discuss keeping your seed phrase and how to avoid scammers because a lot has been happening since you start holding. And the moment you are not patient enough it will result to you selling and if you are not lucky you will be selling at lost and that is what holders learn to avoid most.

I believe that people don't pay attention when given the right information and direction, but typically you can purchase something at a specific price, and selling it for less than that is completely unreasonable. We must recognize that once we are able to comprehend the cost of holding, selling won't even be an option.

[boyptc]

We take that conclusion that whoever holds for the long term are mostly safe. Just to add something to that, it's not guaranteed safe at all but the result of it is what we're concluding.

And that's because there will be risks and a lot of roller coaster movement of charts as we proceed.

Those who gets discouraged by that don't deserve the profit that they potentially can get by holding. But anyone who understands that those risks are normal and we have to face it and let it pass are the ones who sees the journey of holding enjoyable yet lucrative.

[BluebloodCXVI]

There must be motivation to invest, not only to invest but also motivation or I’ll rather say the determination to hold. These are two different things and not every investor possesses this two. some actually want to invest, but to hold for that long term is what they really can’t do because they are not disciplined enough due to one or two reasons stopping them or even due to the fact that they are after making quick profits, immediately after little profit comes, they sell.
So it way beyond just knowing bitcoin, almost all investors know bitcoin is a store of value but some fail to make use of it as one.

It’s relatively easy for a person to decide that they want to start buying bitcoin, but actually having the discipline to sit through the volatility and hold their bitcoin for years is where they struggle at and the reason why this happens is because the the challenges involved in investing in different from the one involved in holding.

Buying Bitcoin is easy but holding it for the long term is definitely difficult because the rise and the fall of Bitcoin during long term holding tries to remove the user from his track. Various market changes destroy the mental strength of the investor that is why only those who have discipline in their investment can hold Bitcoin for the long term. If the investor buys Bitcoin from the dip, it is certainly good for him, but if Bitcoin cannot be held for the long term, then there is no point in that purchase. Buying Bitcoin may be a simple financial decision for an individual but holding it for the long term is definitely a big test of mental strength and patience. There is no chance for an investor to think that holding Bitcoin is profitable if he cannot hold it for the long term.

At the same time too, i certainly wouldn’t say that simply holding for a long period of time alone is what automatically makes an investment profitable because it doesn’t.

Yes it is true that bitcoin has historically rewarded long term holders, but this doesn’t mean there are no risks present.

You just have to be disciplined and then stick to a well thought out plan, instead of allowing every market move determine the decisions that you are gonna make with your investment.

[LogitechMouse]

Re: Hold bitcoin long Enough and you are most definitely safe

I just saw that instagram Post, and based on my experience, that's true, and that's the one thing that most of the investor don't understand at all. They believed from the start that they could make money in such a short amount of time while the reality is it's better to just buy Bitcoin, hold it, and wait for more or less 3 years before you can sell it. Less stress as well since you're just holding it, and do nothing.

Well, there's one reason why this is true. THE 4-YEAR CYCLE, and as long as many will believe that the 4-year cycle will happen, this instagram post will remain true. If it doesn't anymore, and the sentiment of the investors has already changed then this will become completely useless. As for me, I'm a firm believer of the cycle as market moves in cycles, but I have this feeling that at some point in the future, we might see the 4-year cycle not happening anymore. I don't know how, but it might happen.

In short, holding Bitcoin FOR AT LEAST 3 YEARS is the safest, and probably the EASIEST way to make money in cryptocurrency. Not trading.

[JiiBs]

Re: Hold bitcoin long Enough and you are most definitely safe

I just saw that instagram Post, and based on my experience, that's true, and that's the one thing that most of the investor don't understand at all. They believed from the start that they could make money in such a short amount of time while the reality is it's better to just buy Bitcoin, hold it, and wait for more or less 3 years before you can sell it. Less stress as well since you're just holding it, and do nothing.

In short, holding Bitcoin FOR AT LEAST 3 YEARS is the safest, and probably the EASIEST way to make money in cryptocurrency. Not trading.

Bitcoin still counts to have a great deal of risk, it’s considered a risky investment based on how volatile it is.  Recounting 3 years to be a safe period to make money in Bitcoin is actually dependent on when you started investing in it.

Should you come in when the price of Bitcoin is high, not really at an ATH price but within the bull seasons when the drag is always on as most investors would be more about the FOMO and eventually, in 3years, we might find ourselves within the bearish season. This would make people think, they’ve made a very wrong investment choice with Bitcoin.

So, 3 years could be a short time and no, I don’t believe you would make a lot of money either, you must have made a lot of money to invest in Bitcoin with, for you to make a lot of money as well.