This is an example of long term trading when you hold a bitcoin for a long time and wait for the value of bitcoin to go up as in like 20k dollars per btc. I always advise to my friends that start investing or even trading in bitcoin because it would open so much opportunities to them. It is quite risky but when learned, it will always become handy. Everybody just need to be careful on putting an amount of money in bitcoin. Something that you are not going to be devastated if you lose.
The person you were pertaining at NAS Daily is a very simple man with a lot of money. This person tells us that even if we have tons of money that could provide us a glamorous house, car, etc. We should always think first the things that we really need before we purchase in order to have savings for the another day.
Topic: An example why we should hold bitcoin (Read 277 times)
As bitcoin kicking up the whole market and continuing to reach its all time high price, there is a story in NAS Daily that I have watched today on a millionaire lives in a van. At first glance, I thought it is just same business as what others had to become millionaire yet he became millionaire because of BITCOIN.
He hold bitcoin when it was devaluated and sold it when it goes up. He earned almost a million dollar because of his bitcoin. And I think right now, he is part of crypto trading. Here is the story of Ben Yuu, the person behind the story of Nas: https://www.facebook.com/nasdaily/videos/1005063733326174/
It only shows how he believed a lot in bitcoin. So, for those who have no trust in bitcoin, here is a good example that bitcoin brings a good opportunity for all.
However, I just worried about his anonymity since Nas Daily Page is a popular site. And anytime, there are criminals that might get interest to him. He might be at risk when this video was uploaded since he live in his van. Well, just a few cents for his security because he is rich and part of Cryptocurrency industry (an industry of full of hackerd and scammers).
He hold bitcoin when it was devaluated and sold it when it goes up. He earned almost a million dollar because of his bitcoin. And I think right now, he is part of crypto trading. Here is the story of Ben Yuu, the person behind the story of Nas: https://www.facebook.com/nasdaily/videos/1005063733326174/
It only shows how he believed a lot in bitcoin. So, for those who have no trust in bitcoin, here is a good example that bitcoin brings a good opportunity for all.
However, I just worried about his anonymity since Nas Daily Page is a popular site. And anytime, there are criminals that might get interest to him. He might be at risk when this video was uploaded since he live in his van. Well, just a few cents for his security because he is rich and part of Cryptocurrency industry (an industry of full of hackerd and scammers).
i just watch the whole video and that was crazy and i agree with you about the security tho nas Daily is on every social media from youtube to TikTok and also i am kinda interesting in same way with Dollar Cost Averaging system to buy bitcoin and hold it
Holding during the dip season is not an easy thing. It's easier to sell at loss than seeing your investment decrease without being able to control it. Holding can be tough so it's not what everyone can do that's why this kind of stories are not common.
We are all wanting to hold into our Bitcoins for a longer time period but we are not on the same position to sustain daily life needs by just barely depending on Bitcoin alone so there is still a certain need to work on other jobs that will sustain our needs to be able to hold Bitcoin and will not be pushed to spend it for the good and that is for a better purpose and a call for us to spend our Bitcoin into other stuff. Yes, faith and trust with Bitcoin is important and really a must thing to have but remember that there will still come a time that you need to make use of it but manage not to spend all so you can still have some in your account. Also, for inexperienced people starting with Bitcoin, they are easily get into panicked whenever they see sudden dump on the price of Bitcoin which makes them convert just to save up their funds.
OP, the person you mentioned on this topic had a deep faith in Bitcoin and Bitcoin valued his faith. The value of Bitcoin is increasing every year and will increase in the future. Knowing this, we are not able to hold Bitcoin because of our necessity. I'm not talking about the year of 2010-2011. If someone buys and holds Bitcoin in 2019, it will be 5-6 times more profitable now. In fact, I think investing in Bitcoin is the only way to become a millionaire in less time. That's why many millionaires now have their eyes on Bitcoin.
because not only millionaires, artists are also taking part in the current bitcoin sales, plus football clubs that create their own crypto to attract fans to invest. various circles of prominent figures are now eyeing bitcoin. So would a Gates be interested too? probably not
As bitcoin kicking up the whole market and continuing to reach its all time high price, there is a story in NAS Daily that I have watched today on a millionaire lives in a van. At first glance, I thought it is just same business as what others had to become millionaire yet he became millionaire because of BITCOIN.
I have seen this being shared somewhere mate and yeah this is very inspiring .He hold bitcoin when it was devaluated and sold it when it goes up. He earned almost a million dollar because of his bitcoin. And I think right now, he is part of crypto trading. Here is the story of Ben Yuu, the person behind the story of Nas: https://www.facebook.com/nasdaily/videos/1005063733326174/
All of us are looking for this chance,to At least Back on those days when the value is verycheap .But the thing is ,When there is a Dumping happening they are the one who panicked to sell their coins,Like what happen last March when the value went down at 4k ,Do those pretending to be Holder accumulate even some amount?
It only shows how he believed a lot in bitcoin. So, for those who have no trust in bitcoin, here is a good example that bitcoin brings a good opportunity for all.
However, I just worried about his anonymity since Nas Daily Page is a popular site. And anytime, there are criminals that might get interest to him. He might be at risk when this video was uploaded since he live in his van. Well, just a few cents for his security because he is rich and part of Cryptocurrency industry (an industry of full of hackerd and scammers).
But once people understand that Bitcoin is also a Fiat in some sort in which we can spend ,then things may change courses.
Every bitcoin holder is different to each other in terms of status and capital. That person has a lot of money to invest in bitcoin then hold it and sell during bitcoin rise that's why he earn a lot and made him millionaire. I know all of us wants to earn more in bitcoin to have a good life from it and I think if we continue to invest in bitcoin in a right way, we will achieve our goal.
As long as we are able to buy BTC at a lower price before then we for sure have gain some profits now, it just a matter of trusting that the price will rise and that BTC is still a good investment. Those who hold before were fortunate enough that BTC did increase earlier than expected and those who currently have it were sure too glad that they did invest or buy before. 
Alot of people will love to save their bitcoin by holding it but I know many of this people may not have extra cash to keep thrm going except they sell their Bitcoins. It is not that people do not know how valuable bitcoin will be in years to come but poverty is a factor here against people holding it.
I disagree why many people holding BTC are selling because they don't have enough cash but rather they are tempted to flip there holdings due to the volatility of the price. Its really tempting to buy and sell BTC to earn profit.
Only few on the 3rd world country or in short the people belongs to the poor class own BTC so I believe this not a major factor why people are selling BTC.
Everyone wants to hold their bitcoin, but we don't have the same status in the society. For example is me, I don't have that plenty of money unlike the person you've mention OP, so whenever I do have a Bitcoin, I always convert it in fiat for me to have something I could spend buying my daily needs and paying bills.
be proud of what you have accomplished. Even though it is not as expected, because sometimes if we get everything we want, we will forget the little things that are always your motivation when you want to be successful.
everyone has their own story with bitcoin, and our story is an indelible part of the bitcoin journey.
Alot of people will love to save their bitcoin by holding it but I know many of this people may not have extra cash to keep thrm going except they sell their Bitcoins. It is not that people do not know how valuable bitcoin will be in years to come but poverty is a factor here against people holding it.
Every bitcoin holder is different to each other in terms of status and capital. That person has a lot of money to invest in bitcoin then hold it and sell during bitcoin rise that's why he earn a lot and made him millionaire. I know all of us wants to earn more in bitcoin to have a good life from it and I think if we continue to invest in bitcoin in a right way, we will achieve our goal.
Oh really, hmmm. I think that we know he is been into a lot of vlogs in his channel and that made him earn a lot. Despite of the possible crime attack on him especially if he disclose about his wealth if there is which means he discloses it for he had already consumed all the profits he made and that the criminal would not think about negative into him. Besides, he is vlogger and many will going to sympatize on him if anything bad happens to him. But let's not pray that it will going to happen on him.
As others have already stated here, not everyone has the luxury of being able to hodl on to their bitcoin. Some people need theirs coins to pay for their every day lives. Also, only holding on to bitcoin is dumb if you want it to have a mass adoption. Bitcoin was created as a digital payment system. A payment system means that you actually have to use the coin to pay for every day items. Simply holding on to your coins goes against what bitcoin is meant for. I'm not sayin you should spend everything you own at all times, but don't just simply hold every bit of it...use some of it!
If you are in the time of need to take profit I don't think you will ignore that just because you want a long term investment when you know you already earn a lot of profit holding it today. Not everyone has a gots to hold it for long term. Other traders do daily trades because they want fast earnings and sure profit everyday unlike holdings . Holding give a lot of profits but honestly if you can manage a good daily strategy in daily trading you can even earn more than what you can earn in holding.
It's good to a bitcoin holder but don't forget that everyone in this space have different types of difficulties, some don't have enough money to sustain themselves for a very long time so this will keep them from locking their assets away for a very long time, if one plans to be a long time holder they must have other good source of income
As others have already stated here, not everyone has the luxury of being able to hodl on to their bitcoin. Some people need theirs coins to pay for their every day lives. Also, only holding on to bitcoin is dumb if you want it to have a mass adoption. Bitcoin was created as a digital payment system. A payment system means that you actually have to use the coin to pay for every day items. Simply holding on to your coins goes against what bitcoin is meant for. I'm not sayin you should spend everything you own at all times, but don't just simply hold every bit of it...use some of it!
If you are in the time of need to take profit I don't think you will ignore that just because you want a long term investment when you know you already earn a lot of profit holding it today. Not everyone has a gots to hold it for long term. Other traders do daily trades because they want fast earnings and sure profit everyday unlike holdings . Holding give a lot of profits but honestly if you can manage a good daily strategy in daily trading you can even earn more than what you can earn in holding.
For the other people, they may have the capability to do a full hold on their bitcoin earnings assuming that yhey have other income to fully supply themselves and make it for the day, now other people may have to split the earnings and cash out the half of their bitcoins since they do not have the capability unlike the ones that you've mentioned, although I do understand your point OP, our point here is just that you can't force everyone to do a full hold unlike the persons that you've mentioned with your post.
As others have already stated here, not everyone has the luxury of being able to hodl on to their bitcoin. Some people need theirs coins to pay for their every day lives. Also, only holding on to bitcoin is dumb if you want it to have a mass adoption. Bitcoin was created as a digital payment system. A payment system means that you actually have to use the coin to pay for every day items. Simply holding on to your coins goes against what bitcoin is meant for. I'm not sayin you should spend everything you own at all times, but don't just simply hold every bit of it...use some of it!
Everyone wants to hold their bitcoin, but we don't have the same status in the society. For example is me, I don't have that plenty of money unlike the person you've mention OP, so whenever I do have a Bitcoin, I always convert it in fiat for me to have something I could spend buying my daily needs and paying bills.
But if I'm rich like the person you've mentioned, OP, I would definitely do the same just like what he did and would celebrate now because Bitcoin is doing great and is now planning to make another All Time High.
In specific, the condition is not relevant to any investors, especially those struggling with financial-related issues. Such investors will surely and quickly sell their bitcoins to provide sufficient necessities in times of need. The story of Ben Yu manifests the basic component of investing, which is faith and patience. As he holds bitcoin for several years, searching for a perfectly timed to sell it. Regardless, it is good to see another life-changing story. It can encourage people to venture into bitcoin investment. But if I'm rich like the person you've mentioned, OP, I would definitely do the same just like what he did and would celebrate now because Bitcoin is doing great and is now planning to make another All Time High.
A bit weird..
At 18000/btc he has 1 million, so he must have around ~50BTC
In June 2017 he had $420 000, that was more than 200 BTC at that time
https://www.facebook.com/nasdaily/videos/840349542783866
So...there is a bit of bs going around.
End this will never end...ever! Bitcoin will grow to $100k, $1mils, $ billion...
The door on the way to become a millionaire from bitcoin at this point if you are not holding any is closing faster and faster.
It's one thing for the value of BTC to increase 100x times from 10$, it's a different story of it increasing x10 now, we're speaking of trillions needed, what course have raised the price in those times by 10-20% if barely buying you a few coins now.
At 18000/btc he has 1 million, so he must have around ~50BTC
In June 2017 he had $420 000, that was more than 200 BTC at that time
https://www.facebook.com/nasdaily/videos/840349542783866
So...there is a bit of bs going around.
OP, the person you mentioned on this topic had a deep faith in Bitcoin and Bitcoin valued his faith. The value of Bitcoin is increasing every year and will increase in the future.
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In fact, I think investing in Bitcoin is the only way to become a millionaire in less time. That's why many millionaires now have their eyes on Bitcoin.
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In fact, I think investing in Bitcoin is the only way to become a millionaire in less time. That's why many millionaires now have their eyes on Bitcoin.
End this will never end...ever! Bitcoin will grow to $100k, $1mils, $ billion...
The door on the way to become a millionaire from bitcoin at this point if you are not holding any is closing faster and faster.
It's one thing for the value of BTC to increase 100x times from 10$, it's a different story of it increasing x10 now, we're speaking of trillions needed, what course have raised the price in those times by 10-20% if barely buying you a few coins now.
Know what?this is the trending when time that Bitcoin and the whole market is spiking so much that People remember the word "HODL" but sad to admit most people considering this when the price are already Up and they are afraid of being trapped if they buy that level.For many times now that the Pumping is happening i always cross thread like this.but lets admit that majority of us are only keep on posting about holding but they don't even do it themselves .
My 3 different currencies on Hold for almost a year now are in great movement now,meaning that my risk and waiting is being paid,actually i can sell them all now since i already in gross of more than 300% but why spare the chance of hitting the top?and besides 2021 is still a part of bullrun,maybe not for BTC but for alrcoin im sure.
My 3 different currencies on Hold for almost a year now are in great movement now,meaning that my risk and waiting is being paid,actually i can sell them all now since i already in gross of more than 300% but why spare the chance of hitting the top?and besides 2021 is still a part of bullrun,maybe not for BTC but for alrcoin im sure.
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