Reason for acquiring bitcoins. - page 7.

348Judah

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Quote from: Btcdeybodi on February 01, 2024, 10:47:17 AM

What is the essence of buying and hodling Bitcoin like is it to accumulate it till it attains ATH then we sell it off and wait for a dip and start buying and holdling again or just accumulate it and start using it as a digital means of exchange or are we going to continue till the 21 million Bitcoins have be mined, already 19 millions have been mined remaining 2 million because overtime, i have come across several topics about buy and hodl bitcoin so i actually wish to know the sole objective of acquiring bitcoins.

Maybe you should take your time and find more reasons to why bitcoin was created, this is a digital currency and you can make use of it in making payments, store of value or as a medium of exchange, you can have this same digital currency as your investment asset you could hodl over time and turns profitable for you, trade it and make use of bitcoin for other economical purpose fiat currency cannot provides, these and many more reasons are what leads to continuous adoption of bitcoin everywhere, if you see the needs to, you can also join in adoption for your own change to begin.

Richbased

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Quote from: Don Pedro Dinero on February 01, 2024, 10:54:22 AM

The main objective of most people is to get rich. Bitcoin has been the most profitable established asset to date since its inception.

But apart from this, those of us who have been at it for a long time and know how it works also acquire it because we like to be our own bank, that is, to have part of our wealth in our own hands and not in those of an intermediary who can easily confiscate and censor it.

The aim is usually to accumulate until you have a good amount, but as the accumulation process that most people use is slow and long, doing what is known as DCA (regular purchases), we sometimes take advantage when the price has risen to sell or spend and thus enjoy the profits.

But the long-term goal is to have more and more bitcoin.

This is just a clear explanation because Bitcoin being a decentralized currency ought to be possessed by Bitcoiners in their own custody rather than being in the custody of centralized authorities like the government, banks and other third parties that are untrustworthy and with bitcoins one doesn't have any limit to your funds as you can transact as many bitcoins as you wish unlike third parties that set out transactions limits to their customers.

The sole aim is to acquire as many Bitcoins in our individual portfolio with the assistance of the Dollar cost average which helps bitcoin investors to buy certain amount of Bitcoins at regular intervals without minding the price of Bitcoin at that material time. The aim of acquiring bitcoins is also to put an end to the use of fiat which have been a controversial currency to many all over the world because with fiat, you don't have control over your money and the government or other establishment will be the ones to guide you on the limit you can go with your own personal funds. So having and acquiring more Bitcoins for a longer period of time is the best way to experience immense profits from your Bitcoin investments so keep on buying and holdling.

Don Pedro Dinero

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The first decentralized crypto betting platform

The main objective of most people is to get rich. Bitcoin has been the most profitable established asset to date since its inception.

But apart from this, those of us who have been at it for a long time and know how it works also acquire it because we like to be our own bank, that is, to have part of our wealth in our own hands and not in those of an intermediary who can easily confiscate and censor it.

The aim is usually to accumulate until you have a good amount, but as the accumulation process that most people use is slow and long, doing what is known as DCA (regular purchases), we sometimes take advantage when the price has risen to sell or spend and thus enjoy the profits.

But the long-term goal is to have more and more bitcoin.

Btcdeybodi

member

Activity: 75

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What is the essence of buying and hodling Bitcoin like is it to accumulate it till it attains ATH then we sell it off and wait for a dip and start buying and holdling again or just accumulate it and start using it as a digital means of exchange or are we going to continue till the 21 million Bitcoins have be mined, already 19 millions have been mined remaining 2 million because overtime, i have come across several topics about buy and hodl bitcoin so i actually wish to know the sole objective of acquiring bitcoins.

Topic: Reason for acquiring bitcoins. - page 7. (Read 932 times)