Don't forget to HODL your BTC - page 6.

Antonas1

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

Title.
Bitcoin is freedom. Do not sell your freedom.

Two opposing sentences. You say Bitcoin is about freedom, but then you limit our freedom to do whatever we want. That's funny. It's up to us to sell or hold, isn't it?

Aanuoluwatofunmi

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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.

Don't fall for the trap. Do NOT sell.

We shouldn't let the fear of whales selling and buying always take hold on us each time we are on a particular market season, because they will always have reasons why they are doing that and the market will also work in favour of those who were able to hodl as these same whales will still come again, buy and hodl and the market pumps up again, our actions should not be moved by the current market sentiments we have observed, instead when we hold, we are going to be more safe from missing out on opportunity over our investment if we had sell out earlier.

Z_MBFM

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

Selling bitcoins can be bought again so freedom won't shut down. But if you invest in Bitcoin, you will get profit from it and it will be a good asset for the future, this is the big benefit of holding Bitcoin. Because if you keep money in the bank, the value of money decreases day by day due to inflation, and once the value of money decreases, the possibility of its increase is very low. This is why investing in Bitcoin should not be missed. People who are knowledgeable and have enough capacity to invest I don't think they will miss the opportunity to hold Bitcoin.

Frankolala

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Bitcoin is a commodity and buying and selling keeps the market going. Everyone have their reasons of buying bitcoin and everyone is also free to do whatever that they want with their bitcoin, because we cannot hodli till infinity. I am not investing and keep all for my kids, but I will also enjoy from the fruit of my labour and that is why selling is also part of the agenda.

I will sell amd still hodli a higher portion, so I don't see selling as a problem. The most important thing is that I still have more bitcoin in my bags and I accumulate more when I can. Reaching my bitcoin target is my goal and if I reach my goal what next...shaving of profit from time to time.

kotajikikox

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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

m2017

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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.

Whether it is whales or ordinary BTC-holders, bitcoin always buys and sells, with the only difference being that at different periods of the btc-cycle either sales or purchases dominate. This is what creates volatility.

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

Don't fall for the trap. Do NOT sell.

What if the bitcoiner wants to sell? This could just be a trap; the BTC-investor severely limits himself by “freezing” his money in bitcoin. There comes a time for any investor when it’s time to sell btc.

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

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

Ok, bitcoin is freedom, but freedom is about doing what you want, when you want it. By limiting yourself to only one “eternal HODL!”, you are deprived of this freedom and it turns into BTC-slavery - blind service and worship for the sake of God “HODL!”. ?

Fiat will leave, but CBDC will take this place.

Don't be overly maximalist, because you only live once - take advantage of the opportunities provided by BTCitcoin.

pakhitheboss

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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. Do NOT sell.

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

Whale manipulation is quite common with Bitcoin. Weak hands will always fall the trap but strong hands will be able to resist the panic. I have seen such manipulation and have seen the panic in the market in 2018. After 2021 it is not happening as it was earlier due to the fact that institutional investors entering the Bitcoin market. After the ETF approval it has gone down drastically as it is not that easy to manipulate the price of Bitcoin.

I don't agree with your point that it is important to keep holding Bitcoin. If that is the case then after a certain time there won't be any Bitcoin available to buy or sell. To increase the adoption of Bitcoin it is important to hold, buy and sell Bitcoin but always avoid panic sell.

maydna

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Yes, we must HODL our Bitcoin until the time to sell comes so we can makes money from our investment. Whales only needs to wait for the time to see Bitcoin price reach the new ATH so they will sell it and takes their profits. We as small investors must be patience and waiting for that but we can buy more to accumulates more Bitcoin.

But they must be careful with the trap that they see on the market which is the price can dump suddenly and then up immediately in the next minutes. That can happens anytime and we don't knows when that will comes.

Kristiyana

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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. Do NOT sell.

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

Well I think that's a good advice, but not everyone that can be patient enough to hodl it until fiat goes away entirely, because most people can decide to sell their bitcoin due to financial problems and other things. that's for those who don't have any other source of income apart from bitcoin investment, so this set of people will find it very difficult to hodl it until fiat goes away. However we should not always forget to use non custodial wallet in storing our bitcoin, because that's the only means to obtain freedom.

Solosanz

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

Don't fall for the trap. Do NOT sell.

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

You contradict yourself.

You said Bitcoin is freedom, but you're forcing people to not sell their coins, so where's the freedom lol.

Freedom is free, it's up to you and you can do anything with your coins, instead of do based on other people wants.

I really doubt fiat would be gone completely, it's impossible.

Quote from: Gladitorcomeback on June 01, 2024, 07:45:16 AM

I don't understand how we can get freedom if we are not selling at all.

Probably if @OP got sick and he don't have any money left except Bitcoin, he probably choose to not cure his disease and see what will happen to his life, rather than sell some of his coins. Tongue

Gladitorcomeback

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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. Do NOT sell.

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

I don't understand how we can get freedom if we are not selling at all. To use the benefits associated with it, we will either have to sell or use our assets or you will only be keeping them forever, giving them to your kids and grandkids. How will Bitcoin provide us freedom if we keep holding it forever? It's freedom when it is used, and if we are honest with ourselves, we should know that fiat is not going anywhere, at least for very soon.

The world might become completely digitalized, currencies might turn into digital currencies and the concept of cash might disappear, but fiat will still be there, the government and traditional financial institutions will always have their control over us because we are compelled to use their currencies even if we don't want to.

legendbtc

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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.

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.

SquirrelJulietGarden

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Quote from: Filippo Spina on June 01, 2024, 07:26:39 AM

Exactly, it's the custodial wallets that will be our downfall. Just get a ledger it's so simple!

What is the ledger you implied?

Bitcoin public ledger, I agree with you, if you implied it.

Ledger wallet, I disagree, if you meant so and you need to read warnings on risk of Ledger Recover.

Ledger Recovery - Send your (encrypted) recovery phrase to 3rd parties entities
Ledger Recover: What The Hell is Happening? With aantonop and lopp.

Filippo Spina

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Quote from: SquirrelJulietGarden on June 01, 2024, 07:23:39 AM

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

Whales are going to start selling like last cycle.

This cycle can repeats similarly like the past cycle or just similar in fractal or can move differently than the last cycle. We only can know if this cycle completes and we look at data to compare two cycles.

Quote

Don't fall for the trap. Do NOT sell.

Saying is easier than doing. I don't say your advise is wrong but this raises a warning for people to look at how they manage their capital, how they use it for investment, all in bitcoin or partially in bitcoin, whether they have savings, reserved money for their lives and emergency.

If they have bad capital and risk management, all their wealth is in bitcoin, they will have to sell their bitcoin to get money even if Bitcoin drops to $50,000 or $40,000, they will have to sell.

Quote

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

To have freedom, people must store their bitcoins in non custodial wallets, not in custodial wallets, not in online platforms.

Better to store their bitcoin in open source (not close source) non custodial wallets.

Reminder: do not keep your money in online accounts

Exactly, it's the custodial wallets that will be our downfall. Just do self-custody and get cold storage wallets!

Also,

I missed reading this kind of stuffs from 2017

You are referring to "the good old days" like so many veterans say on here, yes?

SquirrelJulietGarden

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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.

This cycle can repeats similarly like the past cycle or just similar in fractal or can move differently than the last cycle. We only can know if this cycle completes and we look at data to compare two cycles.

Quote

Don't fall for the trap. Do NOT sell.

Saying is easier than doing. I don't say your advise is wrong but this raises a warning for people to look at how they manage their capital, how they use it for investment, all in bitcoin or partially in bitcoin, whether they have savings, reserved money for their lives and emergency.

If they have bad capital and risk management, all their wealth is in bitcoin, they will have to sell their bitcoin to get money even if Bitcoin drops to $50,000 or $40,000, they will have to sell.

Quote

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

To have freedom, people must store their bitcoins in non custodial wallets, not in custodial wallets, not in online platforms.

Better to store their bitcoin in open source (not close source) non custodial wallets.

Reminder: do not keep your money in online accounts

rodskee

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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. Do NOT sell.

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

I missed reading this kind of stuffs from 2017 in which people keeps talking about HODLing
and buying but recently its mostly buy and sell or diversified your folio and the most popular is
DCA , but for me? will stick to buying and holding because like what you said? it is our freedom
that we are disposing by selling our bitcoin , not unless there are super emergency I will never
sell my bitcoin specially this season that we are nearing bull market.

Filippo Spina

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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. 🧡

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