Topic: HODL bitcoins, you can do it! Look at HODL camp map to build up strong hands - page 3. (Read 3149 times)

You have a point there. Bitcoin is clearly an investment that can deliver returns faster than most other assets and investments and that is why we choose it. But many people always deny that they choose bitcoin to invest not because they want to get rich quickly. As you pointed out: there is no asset that can grow 10%, even 30%, 50% in a few months like bitcoin, so people who say they invest in bitcoin are not for the idea of getting rich quickly is a lie. But that doesn't mean bitcoin is a gamble that can make us rich overnight or in a few weeks. Bitcoin's fast speed means that it has a faster rate of return than other assets.

Truth i agree. Another fact is that not many persons are holding bitcoin for the long run, through highs and lows, good times and bad times even when people start panicking or start. selling because not everyone will actually believe in the currency as a viable technology. In my opinion every investor should be holding at least 0.1% of btc which is 10% of btc and enjoy the sweet ride in the bull run.

Before the bull run ends 1 btc might be equivalent to 4 btc previous in the previous years. Bitcoin has already than better than silver in the last decade and it will do more than Gold if gold doesn't take its place now. I believe it will hold its value more than fiat currency including the mighty dollar.

If they don't want to make their life hard they must eliminate the thoughts of trading altcoins since it will just give them a stress especially these tokens is usually so unpredictable and might they lose their money if they pick the wrong positions or just got FOMO on the tokens they bought.

But if they want to stay intact and get less stress then I guess going to invest on bitcoin for long term maybe best solution for them they just need to look up the price history of bitcoin and for sure they can able to know how big the potential of bitcoin to hold for much longer years. Data's about it is available online so if they could just read a lot of information about it then for sure that they can learn a lot from it and can able to do good decisions upon what's good investment for theirselves.

The price of bitcoin increases as the time passes so if someone hold it longer without selling it at any stage during fear will get huge profit. The profit from Bitcoin depends on the time of holding and it is based on the investors thoughts that how long he keeps his bitcoin.

Some people are also involved in trading with altcoins but they face troubles when the price suddenly goes down and altcoins also possess risk. Now a days one can easily buy and sell altcoins as price is regularly fluctuating and at the same time one can hold bitcoin so he can get profit from both trading and investment in current Bull season.

Exactly and that shouldn't have been the thing that someone should be doing with bitcoin anyway, the mere fact that the growth of bitcoin isn't going to happen overnight and the daily movement of it's price is so volatile that we're all warned to take precautions when trading and only trade what we can afford to lose means that we all should've been not relying on bitcoin as a means to make money for our daily needs and at the end as you've said, bitcoin's better when you're hodling it the longer. My take on this people that are still doing this reliance on bitcoin for daily money is that they're admirable because they don't mind the risk and that they're crazy enough to do this not just once or in a day.

No one can get rich overnight by investing there is risk. As far as I'm concerned holding bitcoins involves people's own decision and it's not possible to get money from here in a day, it's a long term wait. Don't think of bitcoin as the only source of income. Besides other means of income, bitcoins should be invested based on own money. By holding bitcoin, there is less risk of loss and profit without any challenge if the price rises.

anything related to investing now and start reaping the dividends the next day, ain't no investment but a Ponzi scheme. Such do exist and  alot of people normally fall victim cause of greed. Seeing a platform that may promise to double their funds (doubler) the next day if they invest a certain amount of money . And at the end if they do so they would endup not being able to withdraw their funds back , not only losing the extra funds but also their hard earn funds . Bitcoin may not be such that may get you rich overnight. But holding Bitcoin for long minimize the risk in it, and when holding you don't require any skills like those who are trading (making trading not for everyone). While anyone can start holding and accumulate Bitcoin anytime that they please without any technical or trading skills needed. All one need is a good source, inorder for them to keep purchasing more quantity of bitcoin and also be able to have good emergency funds to coverup any expenses so that one would not tamper with their investment

Of a truth, when we talk about an investment that gives quick profits, then Bitcoin cannot be exempted because some persons feels that when we are talking about quick money, we are referring to investment we make now and maybe begin to reap the dividends tomorrow but however it doesn't work that way at all because whomever that made investment and start making good profits within 5-6 years it's still regarded as quick money because their are investments that one can venture into that can take almost about 10-15 even 20 years before making a good profit so definitely investing is Bitcoin is more or less a get quick rich project though it might not occur as soon as possible but one can be guaranteed that your investments are safe and there are every possibility that one is gonna make huge profits in the long run.

Holding Bitcoin may not be a means of getting quick money because the investment is kept for a long time but that does not mean that Bitcoin does not offer quick money. As a matter of fact, Bitcoin investment seems to be one of the fastest means of increasing one's money. It gives the fastest and easiest profits among several investment portfolios that I know. Within a period of 5 years, an investor in Bitcoin would have broken even and even make far higher than 50% in profits. This is rarely obtainable anywhere.

Those who bought Bitcoin early last year have made over 200% profits, if this is not quick money, then I don't know what is quick money. Even though there is no guarantee that the profits will always happen this fast and huge, we must admit that Bitcoin also offer opportunity for quick money although the best is to hold for a long time.

Maybe if anyone likes the above formula, then i could give a specific example to attempt to flesh it out.  Let's say that a person has been investing into bitcoin for several years, so he has already built a BTC stash, and he would like to get to passive income of $3,000 per month, and so that would mean that the ONLY thing that he has to do for the income is just to keep track of the accounting.  No more need to do any work for that money, so any extra work would be optional because he has considered $3k per month to be enough.

That is $36k per year (12 x $3k) and if we multiply by 25 that would be $900k, and if we multiply that by 75% that would be $675k.  If we look at the 200-WMA right now, then coincidentally 21k BTC would meet those requirements.  You can see that here.  Depending on the BTC price, you could choose to just start to withdraw $5k worth of BTC per month, and the amount of BTC would vary between 4% currently and maybe even 10%, and I personally consider those numbers to be sustainable as long as we would be using the 200-WMA as our way of valuating our BTC, and if our withdrawal rates are low, the dollar value of our holdings (in terms of the 200WMA) will continue to go up, even though the amount of BTC would continue to go down from continuing to draw upon it.

Now the other thing is that if you do not currently have 21 BTC and you consider that you might never be able to get to 21 BTC, then you would merely have to project out into the future (and you can use my entry-level fuck you status chart for that - to see how the 200-WMA/Bottom is projected to move up), and so in one or two years, you would likely ONLY need around 10 BTC to achieve the same results.. and so far in bitcoin the amount of BTC that you need has continued to go down, so it is merely a matter of figuring out your target amount and your target timeline, to keep building towards being able to potentially get to a point where the paths of both quantity and time cross over.

There are no guarantees, but continuing to work in a certain direction allows for the possibilities of increasing your chances in which your timeline and your quantity of BTC will cross over to a high enough amount for your personal situation.


Investing and trading are not even close to being equal, and so trading and getting involved in shitcoins deserves to be bashed, especially since an overwhelming number of normies are going to be way the fuck better off to not get involved in trading, but focusing on building their BTC stash through various forms of buying, whether DCA, lump sum and/or buying on dips.

Anyone who wants to figure out some formulas to trade BTC and/or get involved in trading shitcoins, is going to need to spend a lot of time and potentially money in terms of diluting their ability to invest into bitcoin if they are trying to make money by buying and selling whether it is bitcoin or some shitcoins.

Another problem with trading bitcoin is that historically it has trended up, so there is already a formula in place in which you advantage by merely buying it, so why screw up a good thing by wanting more when there is already a good formula that already exists?   Most likely an overwhelming majority of folks are not going to be able to trade more profitably than just buying and holding bitcoin. and sure there could be some exceptions and people can do whatever they like - especially if they might have some special skills that most people do not have.

Look at your own situation @Iranus.  Have you been able to beat a fairly strict DCA strategy?  You have been involved in this forum since the beginning of 2016, and so if you had invested $100 per week into bitcoin since the beginning of 2016, you would have had invested nearly $42k, and you would have $15.1106 BTC (currently valued at nearly $1.1 million - which would be right around 26x profits).  Are you doing better than that?  And even if you are? Why do you need to do better than that?  

Historically many normal and not sophisticated people could have been just doing their normal job and/or or life activities and invest into bitcoin on a regular basis and gotten a 26x return over the past 8 years.... why fuck around with trading and more likely having worse results.  Go on @Iranus tell us if you have beaten those results with your own supposed equally good approach to bitcoin and/or shitcoins.

For sure, past results do not guarantee future results, yet bitcoin remains with a very strong investment thesis, and likely even a stronger investment thesis now versus what it was in 2016... so I see almost no reason or justification for an overwhelming majority of normal people to even come close to getting tempted by the lures of trading and/or getting involved in pump and dump bullshit that is also known as shitcoins.  


There is no need to diversify and trade.. especially for new investors. It can take a long time to build up an investment portfolio, so there is no need to complicate matters with distractions and dilution of value in terms of believing that there are any needs to diversify. 

In bitcoin, you can start out by only balancing out your cash levels and your BTC, and then maybe once your BTC and/or cash levels build to a certain large size of one or more years of your income, then at that point there may be some need to consider whether and the extent to diversify into things like equities, properties, commodities, bonds and/or cash equivalents (surely not referring to getting involved in shitcoins as a means to diversify).   

People will reach a threshold in which it makes sense to diversify at differing points of their own balancing if they might have too much value that they are holding in only BTC and cash and it might start to make sense to diversify, but we still need to be careful to not overly dilute our bitcoin investment, and for example someone might consider that they are going to take out some of their BTC investment in order to buy property (which is likely an inferior investment for a lot of reasons), and so sometimes it might not be worth it to diversify in certain assets if it is going to overly take too much capital away from such a great investment like bitcoin, yet people will sometimes get excited and/or mixed up in terms of what is an investment versus something that might be ONLY partially an investment but with a lot of other baggage such as depreciation, expenses and some burdens of the physicality that need to be balanced into the considerations.

That's what matters when you're holding bitcoin. You shouldn't depend on it as if it's going to give you daily income. The profit that you'll get from it will be coming from how long you hold it as the market gets into fruition and takes time in doing so. Most of the holders that are successful understood this matter and they have just left their Bitcoin on hold and does their things while waiting for its value to pump. Unlike the newbies that think that it's different the way you've described it, they don't realize that they need to have other source still.

Bitcoin is a wise investment. I understand your trading and reinvesting points. Making money is great. Great, even. Not everyone has Midas' touch. Not everyone can make a dollar trading to save their lives, and thats okay. Not everyone is like us.

Why cease trading? Do not! Take advantage of your skills. Utilise it fully. Bitcoin remains steady while you swing for the fences. Backbone, rock-solid cornerstone of your portfolio. As others chase the next great cryptocurrency or meme coin, Bitcoin remains the gold standard. True crypto value is measured by it. Diversify and trade, but never underestimate Bitcoin's power. Safety is important, but so is wisdom and long-term vision.

I advocate that holding bitcoin is the safest way to invest, but I am not saying that it is the way to make the best profits. Just because you like safety with moderate profits doesn't mean everyone likes safety and peace as much as you do. Each person has different investment preferences, strengths and skills. I have been making profits from trading and using those profits to reinvest in many different projects. So why should I stop trading just because you and some other people are not making profits from trading? DO NOT imitate others but also do not impose your thoughts on others.

Why do people who cannot make money from trading start thinking that it is not a good investment method? Just like altcoins, many investors are profiting from altcoins, memes... while bitcoin maximalists go around saying bad things about others. Would doing so help us deliver better returns than those investing in altcoins?

Never hold bitcoins for those who invest in bitcoins looking for quick money making schemes. People will learn to Hodl Bitcoin only when they have the ability to hold Bitcoin and plan to hold it for a long time. If you keep bitcoin as a source of income, you will have to wait for a long time, but you will get good amount of profit from here. If you choose Bitcoin as a source of income, then you must be patient and face various challenges. This formula is for everyone, invest the money you can afford to lose, otherwise you can't earn depending on vinegar. And invest bitcoin and Hodl a hold patiently, only then you can earn from it in future.

Hodl.camp is a pretty amazing tool. I like the fact that you can change the colors to make the losses and gains more emphasized. Personally I'm not a big fan of the default red/green color combo as it's harder to make out the shades of reds indicating loss. Blue/orange combo is much better and go together as more stark complementary colors in my opinion.

Holding bitcoin is very much possible only if people are will to do right thing. It is possible to hodl bitcoin if people have the understanding that bitcoin is not a means of having quick money.  Depending in bitcoin too much as a source of income has always been the challenge why people see bitcoin very difficult to hodl.  Get a source of income and invest in bitcoin with the amount you can't afford to lose and it will be very possible to hodl bitcoin without having any challenge.

That's a question without a right answer because if you ask twenty different people "How much Bitcoin is enough", they probably will give you twenty different answers which depends upon their situation in life, their age, their technical understanding/how much they care about learning the technical side, and the amount of conviction. I believe the amount of conviction would increase if investors had more understanding about the incentive structure and the game theory behind Bitcoin.


👍

A simple guideline that's modifiable to meet the requirements of each individual.

yeah are actually right . What one really need to invest in Bitcoin is just some good principles and also one need to be patient in order to hodl, most early Investor might have sold their bitcoins while some where patient enough to keep accumulating and hold till now. Those that believe in Bitcoin and was patient enough to hold till now would definitely be proud of their past selves to take such decisions or to have such  mindset to hold that long. Like we that still far from our bitcoin accumulation goal , still have a long way to go , but already set my mind for long-term investment (because if those early Investors was able to hold this long) so am I. I would try and discipline myself and keep learning from early Investors while looking up to them, because they are inspiration when it come to bitcoin investment or holding.

On the contrary, holding Bitcoin is ideal for both the rich and those that are not there yet. Bitcoin can even be their means of escape from poverty as it has proven to be able to change the financial situation of many people including the early adopters that are very much present in the forum till date.

There are people who has the word "donator" attached to their name in the forum, some of them donated as high as 10 BTC to the forum and as at then, 10 BTC was like peanut that anyone could easily afford then. Imagine those who were able to hold that amount till date, can you call such person poor? I gave this example so you can see that Bitcoin can make someone rich, you just need to HODL and see how happy and proud it will make you become in the future.

You have to adjust your mindset a great deal because you are neglecting the power of consistency. If you consistently invest $100 per month into Bitcoin via the DCA method, give yourself 10 years from today, you will be financially comfortable.  An average worker will be able to make such investment depending on their country of origin and what the minimum wage is. But the crux of the matter is that investment in BItcoin can make someone rich and the DCA method, which can be applied by anyone, is one way of achieving that.

The long and short answer is .. yes. I can only explain what I do in my personal portfolio. I believe less is more, I am a growth investor .. I own seven stocks and seven crypto, I consider my portfolio almost complete.

… less stocks, none of them paying dividends allows

My crypto holdings are for more than long term, I never plan to sell unless a need arises .. we are talking years. I hold BTC, . and my largest holding of tens BTC in my wallet . Yes!! … I believe in BTC .. long term .. it “will” moon just like I believe BTC seven year ago that  will eventually become a three digit value equity far beyond contemporary expectations. I have reasons for this belief.

.. earlier I said my portfolio is “almost” complete, I leave space in the ultra-condensed 14 item portfolio for one (or two) yet to be decided additional cryptos .. I also keep buying bitcoin ready on the sidelines for this yet to be decided purchase. You are correct, when I see one that I expect to 10x, I will trigger the buy and my list will complete at 15 or 16 holdings .. seven equities + seven (plus one or two cryptos.)

Crypto is a utility product, it is also heavily dependent on pumps .. yet, long term the new era will greatly reward those with diamond hands, in other words, paper handing and crypto cannot and will not work. Trying to predict tops and bottoms is futile.

… volatile equities with no dividends, growth, high risk held long term will reward those who follow this path, .. guaranteed, … but only if you ‘hodl.’

.. you cannot chase a 10x move, you research and then you make your selection and buy in quantity, .. and hold i.e. ‘hodl’ .. it does not happen overnight but the upward move finds you, .. most often on a day when you least expect it.