Don't forget to HODL your BTC - page 4.

ThemePen

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Quote from: legendbtc on June 01, 2024, 07:43:22 AM

I am pretty sure that fiat currency will never completely disappear or even if it is no longer used there will definitely be an upgraded version of it that will be introduced and will still be created by the government. So waiting for fiat money to disappear is just a waste of time and meaningless.

I invest in bitcoin and want to become financially free and have a better life. I don't think it's my responsibility to hold on to bitcoins and give them to my grandchildren while my parents, wife and children have to live a difficult life. There will be no freedom if you still live in poverty and don't have enough money to take care of yourself and your loved ones right now.

I also think regular money will still be around for long time and even if it is replaced government will create new version. So waiting for regular money to disappear is waste of time. I also invest in bitcoin to have better life and be financially free. My family needs are more important to me than holding onto bitcoin for future. I want to make sure my loved ones are financially secure and comfortable now. True freedom means being able to support myself and my family today not just saving for future. And if you ask me I also believe in finding balance between investing in cryptocurrency and taking care of my family financial needs today. As you know both are compulsory.

Essential10

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Those who invest in Bitcoin invest with the hope of a good profit. The biggest problem is holding on to investing in Bitcoin, the price of Bitcoin goes up and down. If the price of Bitcoin goes up a bit, people rush to sell to take some profit, and if the price goes down, they sell. How much is the patience of people, those who invest with patience can actually achieve something in the future. Bitcoin is a long-term process and you can't panic when you invest here because you have to wait for a certain target level wherever it goes. Now bitcoin is worth a lot, if you are investing in the current time then I don't think you need to panic. In the patience game you have to wait until the end of the year from where you can get a profit opportunity, Just Hold your Bitcoins.

0t3p0t

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Quote from: Filippo Spina on June 01, 2024, 07:10:32 AM

Title.

Whales are going to start selling like last cycle.

Don't fall for the trap. Don't sell unless you absolutely have to!

Bitcoin is freedom. Do not sell your freedom. Hodl it until fiat becomes less popular than bitcoin. Give it to your grandkids if you have to. Do not sell your freedom.

EDIT: Made some changes to calm people down. 🧡

No matter what happens in the market I think doing the opposite especially during bear market makes sense and the if the market condition flips we keep on holding until our desired tp will be hit. We are here for profits so yeah buy dip and hodl then we sell at peak though some will only hodl for long term but that is their choice and there is nothing wrong with that less stress strategy they had.

michellee

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Hold your Bitcoin is a good way to make a big profit later when the price reach ATH and you sell it on that price. But you knows that it is not easy to just hold Bitcoin because you will see many correction that will comes later. Whales will makes you panic by shaking the price but if you can learn many things, you will not panic instead can use that moment to buy more Bitcoin.

You don't have to sell your Bitcoin, especially if the price is not reach your target sell price. That is why you must still hold your Bitcoin and waiting for the time comes to sell. With the popularity of Bitcoin, many people will comes and investing in Bitcoin so you will have your chance to do the same as them.

No pain no gain. At least, by holding your Bitcoin, you will have a chance to make a big profit in the future. But you must trying to hold it with your strong hand.

Mrbluntzy

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Quote from: Filippo Spina on June 01, 2024, 07:10:32 AM

Bitcoin is freedom. Do not sell your freedom. Hodl it until fiat becomes less popular than bitcoin. Give it to your grandkids if you have to. Do not sell your freedom.

This sounds like a metaphor @Filippo Spina, do you think Bitcoin will become popular than Fiat in this generation of me and you? If the government agree to allow Bitcoin be adopted by every body in the world and they also allow Bitcoin to become a legal tender, that is only when Bitcoin will become more popularly used than fiat. It is only a few investors that can hold their Bitcoin for that long. Bitcoin investors will definitely take profit when they see a high price to sell.

Andrija Branislav

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Quote from: oktana on June 01, 2024, 06:42:58 PM

If you’re holding Bitcoin to make money, you should do it confidently. By confidently, I mean doing it for the long run. The average investment in life usually needs patience and time for it to play out well. If you rush it, you may never benefit and would be in a loss. Invest the amount you wouldn’t worry about and wouldn’t be tempted to pull out at the wrong time.

Apart from that, we should never be tempted by shit coins, which always come with the issue of cheap prices by exchanging our BTC with them.

I think the main issue I want to know now is whether BTC will soon wake up from its sleep, it seems like it's been 1 week since the price is still stagnan.

kryptqnick

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Hodling and selling are not the only two options, and they aren't mutually exclusive when it comes to Bitcoin. One can hodl the amount one already has, but it's also possible to accumulate more (via buying or earning). Moreover, it's totally fine to set a certain amount for hodling but sell (or spend directly, which is another option) a bit regularly on various needs. Bitcoin does offer freedom, but keeping it in a wallet without ever interacting with it and without ever benefiting from it is like never exercising your freedom.

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Quote from: Filippo Spina on June 01, 2024, 07:10:32 AM

Title.

Whales are going to start selling like last cycle.

Don't fall for the trap. Don't sell unless you absolutely have to!

Bitcoin is freedom. Do not sell your freedom. Hodl it until fiat becomes less popular than bitcoin. Give it to your grandkids if you have to. Do not sell your freedom.

EDIT: Made some changes to calm people down. 🧡

It's not been easy to hold BTC and even after your explanation people will not understand what you're saying because the fear of losing their investment is always bigger then anything else that has been told to them.

BTc will definitely offer you good profits over long term holdings but the thing is that how much you can hold it ,everyone have its own nerves that what everyone gets different results.

Belarge

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Quote from: oktana on June 01, 2024, 06:42:58 PM

If you’re holding Bitcoin to make money, you should do it confidently. By confidently, I mean doing it for the long run. The average investment in life usually needs patience and time for it to play out well. If you rush it, you may never benefit and would be in a loss. Invest the amount you wouldn’t worry about and wouldn’t be tempted to pull out at the wrong time.

Losses are constant and always make sure you invest what you can afford to lose. HODL your bitcoin and never listen to the trends in the market because they've plans of completely ruining your goals. For me, I've learnt my lesson in a hard way by making insignificant losses all because I was trigger and convinced by my colleagues based on laydown analysis of heavy dump incoming. Holding bitcoin are for longterm and not some random altcoin projects you will be scalping during trading.

Uhwuchukwu53

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Quote from: legendbtc on June 01, 2024, 07:43:22 AM

Quote from: Filippo Spina on June 01, 2024, 07:10:32 AM

Hodl it until fiat goes away entirely. Give it to your grandkids if you have to. Do not sell your freedom.

I am pretty sure that fiat currency will never completely disappear or even if it is no longer used there will definitely be an upgraded version of it that will be introduced and will still be created by the government. So waiting for fiat money to disappear is just a waste of time and meaningless.

Your Right speculating that fiat will disappear is like trying to make investment that you will not eat the benefits but prepared it for another generation, because no body will have the courage to even invest for another generation without even having little benefits of that investment even when father's create wealth for there children they first have some benefits of investing, I am of no doubt that the value or usage if fiat will reduce but to have the feeling it totally disappear is unrealized dream it can happen in the next generation but not now until all sector in all nation has good conference and deliberate this and decided to adopt crypto and make currency unilateral that is when fiat can disappear which is not possible for now, in my opinion it's good that an investor to should hold for Long term mostly civil servants can invest for old age or retirement but not to hold it without eating any benefits it's waste of time and no value .

AnonBitCoiner

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If someone decides about the selling price then they will not be affected by the manipulation created by whales. If there happens decrease in worth then it does not mean that this dump will never recover back but the recovery process also exists with Bitcoin investment if someone has a specific target.

If someone has profit then selling Bitcoin now is not a bad idea but most of the people don't follow their target and do what other people want so they often make themselves distressed during lower worth. Don't follow others for everything because you cannot live with others suggestions for your whole life therefore create your own mind and fill your mind with knowledge to not be dependent on others.

Ever-young

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Quote from: oktana on June 01, 2024, 06:42:58 PM

If you’re holding Bitcoin to make money, you should do it confidently. By confidently, I mean doing it for the long run. The average investment in life usually needs patience and time for it to play out well. If you rush it, you may never benefit and would be in a loss. Invest the amount you wouldn’t worry about and wouldn’t be tempted to pull out at the wrong time.

This piece of information I believe would be even more beneficial to those set of investors who have developed the habit of taking out profits from their Bitcoin holdings rather than compounding whatever profits made from the investment.
This usually doesn't give room for growth in one's investments as well as disruption of one's investment goals overtime.

And I've come to realize that the reason why these set of investors are involved in this act wasn't because they do not have long-term goals for their investment, but because they lack adequate planning, they fail to make availability for Emergency, Reserve/Float Funds, which are very important components of Bitcoin accumulation, because while you're busy HODLing for the long-term, Emergencies will surely arise in the long run and if there's no plan to combat the emergencies, there'll be no other options than to run to your investment to sort out the emergency which is not good for an investment.

siniminomorocomunisakito

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Quote from: Filippo Spina on June 01, 2024, 07:10:32 AM

Bitcoin is freedom. Do not sell your freedom. Hodl it until fiat becomes less popular than bitcoin. Give it to your grandkids if you have to. Do not sell your freedom.

For our future children and grandchildren.

Yes. At least they will say that they had a grandfather who had far-sightedness and this would be a matter of pride for them because their family was the one who helped adopt BTC so that it became what it was at that time. BTC is real freedom.

pinggoki

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Quote from: kotajikikox on June 01, 2024, 09:04:09 AM

It’s easier said than done, let’s be honest. When you are seeing red and the price keeps going down, you get an urge to just sell as soon as possible because in fear that you might be the last one to sell and you do not want that.

Just don’t check the prices and keep holding will be my suggestion Grin

If you have the discipline and the goal to be able to keep yourself from panic selling, I think that you probably would be able to not worry even when you're looking at the price dropping most of the time. I would agree that it's a good idea to not check the prices but the inevitable will always happen, you will check the prices no matter what happens because you will look at it and when you're on the forum, you'll inevitably going to be reminded of it anyway, I mean there's no escaping this, you will know about the prices especially when something happens, it's better if everyone who's susceptible to panic selling will learn how to calm their nerves and think that this is for the best and that every massive price drop is an opportunity and a temporary thing.

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Quote from: Filippo Spina on June 01, 2024, 07:10:32 AM

Title.

Whales are going to start selling like last cycle.

Don't fall for the trap. Don't sell unless you absolutely have to!

Bitcoin is freedom. Do not sell your freedom. Hodl it until fiat becomes less popular than bitcoin. Give it to your grandkids if you have to. Do not sell your freedom.

EDIT: Made some changes to calm people down. 🧡

Holding is not forever and it is not a healthy practice if we want the crypto world to grow and become popular. The market needs an active trade transaction, buy and sell - this is the thing we should have to see, not just buy and hold until the end.

Understanding the impact of the volatility of the market is quite important. Maybe some people don't see how it affects the market development but in reality, this is the reason why people are coming as they consider this as an opportunity to make money from buying low and selling high.

Now, if we keep hold for many years, it only means that we want to stop how it naturally works which I think is not a good idea.

oktana

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If you’re holding Bitcoin to make money, you should do it confidently. By confidently, I mean doing it for the long run. The average investment in life usually needs patience and time for it to play out well. If you rush it, you may never benefit and would be in a loss. Invest the amount you wouldn’t worry about and wouldn’t be tempted to pull out at the wrong time.

boyptc

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Quote from: Filippo Spina on June 01, 2024, 07:10:32 AM

Whales are going to start selling like last cycle.

Not just them but it should be also us. Tongue

But don't sell all that you have. Take profits and buy back when you see some opportunity under your sold price.

Quote from: Filippo Spina on June 01, 2024, 07:10:32 AM

Don't fall for the trap. Don't sell unless you absolutely have to!

Bitcoin is freedom. Do not sell your freedom. Hodl it until fiat becomes less popular than bitcoin. Give it to your grandkids if you have to. Do not sell your freedom.

It is not a trap when someone has to sell, everyone goals to profit but it's true, this is the future. If you are forced to sell, it should be a valid one why you have done it. Although you don't need someone's validation and confirmation for the action that you're about to do.

Churchillvv

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Although bitcoin is freedom but not in the contest you are framing it.

bitcoin is never in any challenge with fiat that's one thing you should know, it's an alternative money which means you can use it in place of fiat but fiat is never going into extinction because of bitcoin instead they would work viz vice (side by side).

I also encourage people to keep buying bitcoin and because big institutions are beginning to buy bitcoin hedge to inflation and as a reserve currency which means in future they might hold good percent of bitcoin if not already and the ordinary people might find it hard to have it then price must have gone far high and profit will be attended.

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Quote from: Filippo Spina on June 01, 2024, 07:10:32 AM

Bitcoin is freedom. Do not sell your freedom. Hodl it until fiat becomes less popular than bitcoin. Give it to your grandkids if you have to. Do not sell your freedom.

Hmm that's a little bit off!
I didn't understand what it meant. But as far as I understood, what you mean is that Bitcoin is a final freedom and Fiat is a slave. This is absolutely true but I do not agree with your other statement that fiat should end. Because it is not only possible that fiat currency will disappear from human history, but it is also possible that fiat can optionally be kept vise vers to Bitcoin, but it cannot disappear.

And yes, freedom is freedom until you restrict it, as you said that Bitcoin is freedom. Hodl it until fiat currency is prominently demoted in the public eye. That is, the summary of your words is that Bitcoin is a freedom. And don't sell this freedom. On the one hand, OP is teaching financial freedom and on the other hand, you say don't sell it if you have to hodl even the grandson. So I see contradictions in your words. So plz make it more clear and easy to understand.

peter0425

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Quote from: leonair on June 01, 2024, 04:48:10 PM

Quote from: GideonGono on June 01, 2024, 04:12:39 PM

Buy the dip then HODL, that is what some of us are doing, be ready for the next bull run, try to bag more while it is at a low price.
There are so many people who regrets not buying it at a low price when the price starts to climb up, but they don't have the courage to buy it when the price drops low.

When the bitcoin price fail many people then wait for further declines because they think that the price of Bitcoin will go deeper and thus they fail to invest. so every investors should have a price target that When the price of bitcoin starts to fall they start buying bitcoin and till their target price they keep buying bitcoin according to DCA method and when they reach their target price they invest their entire fund. And this investment they will hold for a long time until they realize their goals. then it can bring success

You’re right. Many people tend to miss out on a dip but I suggest that you already buy the moment that you can. If it is cheap enough for you then you should buy immediately. After that even if it declines even more, do not regret too much and stand by your own decisions. Don’t try to be greedy and make unplanned and impulsive choices

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