Topic: Don't look for investment, just hodle! (Read 793 times)

Hodling is also a form of investment but tho a better form as compared to that which is done by sending your assets to some persons or a group of people to help you grow or double your assets. But then it's very important that even with HODLING you understand some basics which will help you a long way, one of which has to be the difference between Bitcoin/crypto wallets and exchanges. If you able to understand that concept, then always make sure to store your Assets in your wallet and not on exchanges so as to better safeguard your assets.

Some persons make the mistakes of buying their assets and keeping them on exchanges thinking it's a wallet safe enough, unknown to them these exchange are been targeted by some cyber hackers who could possibly break in to the exchange some day and gain access to your assets and may possibly make away with them all.

But profits are significantly higher in alts, Bitcoin is already $35k when it reaches $70k you make mere 2x. However, when Bitcoin rises, alts also rise, but they give plenty profits.

You don't have to gamble on alts that are literal shitcoins. Go with prominent alts like atom, ether, solana, dot.

Now it is very common to see currencies from various countries put into exchanges to be exchanged for Bitcoin, the purpose of which is for long-term investment. Now Bitcoin deserves to be called a valuable asset because there are many people who continue to want to look after it well after they buy it through the market and I think this will continue to happen to Bitcoin for a long time as long as Bitcoin continues to have good value in the eyes of many people.

This means that every investor who has invested in Bitcoin must have a source of income through other work so that the investment in Bitcoin that they have made is not disturbed and can continue to be maintained while increasing the amount by DCA. Because apart from being more comfortable for investors themselves, it can also help investors increase their portfolio for Bitcoin which will be able to provide financial freedom one day through the amount of profits they get.

I can guarantee you that there is money to be made in every risky corners of crypto investments, I have made a lot of mistakes but what I've gained after is what matters, and it's why I am standing unafraid where many people are scaring away from, so many people get burnt in investment but they don't learn, biggest mistake of all time.

I hold my Bitcoin and I still choose to risk money on other things, with the knowledge I have acquired in the past I am always taking profits when needed and buying more Bitcoin and Ethereum, in this bear market alone, over five altcoins have bring me more than a 10x and I took my profits, invest some back into Bitcoin and this have helped my Bitcoin bag to grow more higher in a short period of time compare to me making money every month and investing part of that into Bitcoin.

I know that not everyone can do this, because it's easier to lose money, but it is something that works for me, I just apply the knowledge I gained from losing money in the past, like having all money in profits but failing to take them out, and also not doing my own research on projects before investing money, that's because I used to rely on what others are saying about a project, like those crazy paid YouTubers.

Firstly, as cryptocurrency is gradually being accepted as an asset class, more and more institutional money is entering this sector and holding long-term positions and one way to invest in this area is using a variety of patterns whether using a DCA approach or another.

Of course the most comfortable thing now is to Invest BTC and this is not a wrong investment, but as @CryptopreneurBrainboss said above "Investing in Bitcoin should not be your main source of income" and that is true.

The reason for that is because they're investing more than their limit, one of the most spoken advice in the community is to not invest more than you can afford to lose but many investors invest more than they can lose and this makes Hodling difficult for them. If you're holding only your spare money in Bitcoin as it's advice then you can hodl for as long as you want because there won't be need to be scared of the market crashing and when the market crash, you won't be panicking because you know if you lose the money invested, it won't affect you much and you can hodl for the market to recover. As a hodler, you should already know the history of Bitcoin as to how the price has crashed and rise back up. This should be able to give you more courage to continue Hodling and not be tempted to sell your Bitcoin because the price is declining.


Before alot of experience investors have come out to tell us that hodling is the best way to invest in Bitcoin, you should have known that they have tried other strategy before coming to this conclusion. There's a cycle that happens every bear to bull market, new investora comes into the market and think they know better than the old investors. Now you're thinking you have to try your luck in different tokens hoping you make profits from one, what you're doing is gambling and not investing. Why waste your time trying different options when you can invest in a guarantee positive outcome which is Bitcoin. Investing in Bitcoin shoudn't be your main source of income, you should have other things that gives you money for upkeep so you can comfortably invest in Bitcoin and have the patience to hodl. Diversifying into other altcoins is a gamble and that's not how to diversify as you don't invest in correlated assets when you're diversifying.

As succinct and valid as that advice is, not many will value it. Some of us were of that mindset in the past where we felt we could chase other coins in place of Bitcoin (owing to their cheap prices). But of course, we got the deserved repercussions later and learned our lessons from that. I hope the present inexperienced members here will pay ardent attention to this and do the needful by hodling and waiting patiently for the bull run against all odds.

Hodling bitcoin might be less risky compared to investing in unreliable centralized projects but it takes a lot of patience and faith in bitcoin for you to be able to hold bitcoin for long term without struggling from panic selling whenever bitcoin price drops so deeply. That is why even if hodling sounded so easy, a lot of bitcoin investors still end up quitting and decide to sell their coins early because they can’t stand the price volatility in the market.

However, bitcoin hodling is still the safest crypto investment in the market and the rate to succeed is still very high. It may not give you the quick profits that you desire but the long term profits you will get from hodling bitcoin is still very satisfying because of its very high value.

Sitting on the idea that bitcoin holding is effortless and less or without risk so therefore it's much preferable to just be a hodler instead of venturing into other risky investment is an idea that limits people's scope about the vast opportunities within the cryptocurrency spheres. Bitcoin as we know usually have a long bear market that can span between 2-3 years with just a few months of bullish market after a halving in every fourth year. An investor with a limited fund don't have to be waiting but divide part of the fund and take the risk and invest into other projects provided he can afford to take the risk, there's only two possibilities in that decision, either he makes success or fail. And if he fails he gained experience for another future investment trial again.

Yup.

That's what happens for many because sometimes some events are making our choices limited. But having that limited option also makes us wiser because we tend to see the other sides of it.

If we can't trade then better be an investor and just hold Bitcoin. We know what's the best strategy that can make us hold it better because it is effortless but you need money just as usual.

If you're referring to investment in cryptocurrency, then bitcoin is the best option, and in bitcoin itself , holding is easier than trading for a newbie. Trading can give you profit on a short term but it is risky, because if you're not very knowledgeable about how bitcoin supply and demand works, it is very easy to lose all your money in it.  But when you're holding bitcoin on a long term, it's quite easy and have lesser risk, because all you need to do is just to wait for the perfect opportunity to sell.

But if you're talking about investments in general, then there are other investments that are as good as holding  bitcoin. I personally believe that if someone has the capital, that it is best to diversif their investments, not focusing on only one type of investment. One investment option that I can liken to bitcoin investment is real estate, although it is quite capital intensive, but it has  the potentials to keep increasing in it's value. So just like bitcoin, when you want to sale, there's high probability of making huge profits.

It would be better for them to allocate some money to buy Bitcoin and store it. This will give them the opportunity to see the development of the value of their investment. So far, Bitcoin has satisfied small and medium investors because when the price of Bitcoin increases, they can make big profits. We don't need to compare it with big investors because they have more money than us.

We have to think about our investments and if we are committed to becoming a Bitcoin investor, we have to set aside some money to buy and hold Bitcoin. And when they already have their Bitcoins, they should keep and hold their Bitcoins in their personal wallets and not store them on exchanges. That will protect them from hacking and other problems.

Using DCA is a good strategy for beginners or for people who don't have a lot of money. They can start investing in Bitcoin at any time, regularly buy Bitcoin, and hold it in their personal wallet.

It's always better if one can afford to do both, making investments and trading at the same time, with the capital they've allocated for these purposes and they know they wouldn't need that money anytime soon because when you make investments or do trading in cryptocurrencies, you can only spend the money that you make from your trades, I mean the profits, but if you spend the capital itself, you won't have any money left to continue your trading activities which in result will cut off the profits you were earning.

However, many people can't afford to do that due to having limited capital that they can either use for trading or invest in Bitcoin and then wait for the market to generate profits for them, the choice lies within their knowledge and experience about the market and only they can know which of these they can do more effectively.

Because this is the top coin and most advisable to have for long term purposes so would agree to all people telling that invest and hodl bitcoin since this could give us more realistic profit in future. But sadly not everyone can able to only have bitcoin on their wallets since they need to invest to other alt so that they can accumulate bitcoin once they gain profit. But one thing is for sure with this all prefer bitcoin rather than any alts especially that bull season is starting to happen for sure that all what you said will be consider.

There maybe interesting projects built on other blockchain but scamming is rampantly happened there so maybe not good for new investors to come at those project since they might lose their money due to unwanted circumstances that they can't control.

Yes, some people actually believe that Bitcoin is the only cryptocurrency worth investing in since it has the most established infrastructure and the largest market cap but in my opinion, I think it depends on individual situation and goals. If you're just interested in Bitcoin for its potential to increase in value, then it may make sense to stick with it. But if you're interested in the broader potential of blockchain technology them you may want to explore other coins as well. There are a lot of interesting projects being built on other blockchain. However, one thing to keep in mind is that even if you don't trust centralized investments, you still need to be aware of the risks associated with Bitcoin itself due to its volatility.

For those that are very financially stable, they can afford to keep Bitcoin in their wallet and hodl but I think this might not be that applicable to an average person that is looking for any slight opportunity to top up his earning.

Although I personally feel that it's best to dedicate a particular amount you own for the purchase of Bitcoin he can hodl in wallet while you try out some short-term investment with your other funds.
If the investment pays off, that's good but if it doesn't pay off you still have your reserved bitcoin to hope on.

This is just my humble opinion though!

wait a minute, Why am I a bit confused with this concept. When we invest in Bitcoin it will be up to us in what way we invest and do it over a short or long period of time. and when we invest in Bitcoin, that means we channel our money into Bitcoin, whether we store it on an exchange or in our personal wallet. However, when we store it in our personal wallet, it is much safer and recommended than on an exchange. Apart from that, when we invest within a certain period of time it means we are holding Bitcoin. It depends on when we will take profit, which will depend on each individual, whether short term or long term or just for bullish preparation later or investing or holding as long as possible will depend on each individual. So what kind of investment do you actually mean? Maybe what you mean is fake investment on a certain platform? If that's the case, anywhere is risky and could be a scam, especially for those who offer instant high profits. but if we invest in Bitcoin and we store it in our Walet or wherever it means holding as long as we haven't sold it.

Does it mean we only need to invest in Bitcoin only and ignore other coins?
When we are newbies, this can be a good idea. But if we already understand well crypto investment, there is nothing wrong to invest in other coins. There are some good altcoins, too. They also deserve to invest in, top altcoins are the most recommended for other options besides investing in Bitcoin. What newbies and average investors must be avoided is to invest in meme coins, hyped coins, or shit coins. They have weak fundamentals, so they are too risky for an investment.

However, it is difficult to know which projects to stay for a long time. Even they can be among the top coins, it doesn't guarantee to stay along time. Also, big promotion or marketing from the teams/developers won't reflect that the project is trusted enough.

Sure. Most people must prioritize Bitcoin to be their main asset. But they also invest in altcoins that they think the altcoins can be trusted or have a big potential in the future.

One of the sites in crypto currency is the holding sector. I think that when I buy a coin, the holding time is the period between the desire to get that coin as long as I want, that is, the price I want. Of all things, it's basically up to you how long you hold it, so that doesn't mean the investment will set you back. An investment is a current action you take in the hope of future gains. With time, patience, risk analysis, confidence, knowledge you can invest and succeed. Holding is basically a part of investment whether short term or long term. It is very difficult for those who are new to this, so whatever holding investment you do, go short.

Hodling is a very good tool for making progress in the cryptocurrency industry and bitcoin investment. When I was new to this industry, the money I was in trading and other kinds of scam investment or Ponzi related investment which I lost all. Assuming I used the money to buy and hold, it would have been a very different positive news for me.

This industry is not as hard as people see it, especially the new commers. There are technically aspects of this industry, but you can still be successful even if you do not want to learn the technical things. Just buy low and hodl.