Topic: Hodling Bitcoin (Read 918 times)

According to what I have learnt so far in this forum I believe the best way to do that is to have seperate wallets maybe a Dex wallet and a Cex wallet. Maybe holding your coin
should be on the decentralized wallets maybe Trust wallet, metamask, electron wallet etc while wallet for transactions should be in a centralised exchange like Binance, where you can be frequently transacting without having any interference.


No matter how tempting it might be, holding is very important because holding for long will give you a combo. Emagine the current price of Bitcoin compeard to the price last week. Last week was $42k today is $52k. Given a whopping value of $10k within the interval of 1week. And it is hard to find an investment that makes profit in less than no time. So I said let us not be tempted to touch our hold because our holding because it's our priority.

People will hold because they know that it is one of the strategies that is used and have worked for a lot of people and it less stressful compare to trading all you need to do is just to buy and abandon it there for years and when the time is right you will make enough profit from it, compare to what people that trade have been making that is why a lot of people prefer it than just to trade, in this forum people do more transaction in bitcoin, and since its a bitcoin forum then there is is nothing much to worry about as far as the funds are safe, yeah its a choice and a good choice to make, and people making transactions might be to move it to a safer place.


stocking up bitcoin is the best you will just look for a safe wallet and keep it there then wait for some few years possibly 10 years that way you will be successful because when you make money from holding then possibly divert it to another bushiness that is how rich people behave you keep trying until it gets better and why it will even be better to buy bitcoin is that you already know how it works and you don't expect me to buy altcoin and keep for 10 years i don't think i can do that i don't have that level of trust for other coins, so i will invest in what i know better which is bitcoin. and one thing i know for sure about bitcoin is that even as the price keeps coming down it is also getting a new all time high.

Holding bitcoin is the safest and most practical way of investing in bitcoin, especially if you are new in this field. You see, holding a bitcoin asset is simple; you will buy a specific amount of bitcoin or satoshi, then you will not do anything; you will just wait until its price increases, and you will see that the value you brought your bitcoin has become even greater. It is a simple waiting game, but of course it is long-term; you are just holding and not trading, so you should wait until you see the increase in value in your holdings. You are safe because no matter how much the amount of bitcoin you brought, the only thing that decreases is its value, not the actual bitcoin.

So yeah, if you don't have a cut in trading or other forms of earning through bitcoin and you have patience to wait long, then hodling is the best option for you and for new investors.

Holding Bitcoin for a long period of time while avoiding short term price fluctuations is called Bitcoin holding. Since the emergence of Bitcoin as a digital money, Bitcoin has gained a lot of popularity among the general public. Its users are increasing day by day as Bitcoin is much less in its circulating supply than the demand so its value is likely to increase in the future. I think holding bitcoins holds good future.

That's actually what's happening and we're contributing to it too. I admit that I am also looking at bitcoin as an investment rather than a payment method. But I think when bitcoin becomes an investment it is also a good thing because it is also bringing great benefits to us. When bitcoin becomes an asset, it can help us earn more income, help us fight inflation thanks to its growth, or some people even use it as a store of value or become their own bank...It can be seen that it still brings a lot of benefits even though it is not monetary. So it's not bad that it didn't become a peer-to-peer currency like Satoshi had hoped.

Satoshi created bitcoin with the hope that it would become a peer-to-peer currency without intervention or support from governments or third parties. But so far, it's becoming more of an investment than something Satoshi wanted. If you only use bitcoin as a payment method, then you are one of the few doing exactly what Satoshi wanted bitcoin to be. The rest, not just on the forum but most people who own bitcoin, consider it an asset, an investment rather than a peer-to-peer currency.

The real intention on why bitcoin was created is for it to be spent. If all people since the start had not tried making transactions then this coin would've been worthless or not this valuable. People are still buying and holding but at the same time, they are also using it. At the moment I am only using bitcoin in my regular gambling activity. Before I also used bitcoin to pay some bills and buy loads which were also common in my country until regulations changed.

Bitcoin halving is happening again next year. So I assume that the majority in this forum are adding bitcoin into their wallets rather than spending it.

There is nothing absolutely tempting about it but rather i think there are situations that would lead to people not having any personal savings or holdings and moatbtimes you don't have to blame them for it.
Every bitcoin  believer would want to own bitcoin at every cost but most times there are situations that might money that they can't afford to ignore especially  with regards to health as there is always a saying that your health is your wealth and most times it is always difficult  for someone who's not struggling  with health to understand the topic with health.
But nevertheless, I think everyone wants to own a fraction of bitcoin if given the opportunity to hold.

Yes, this niche obviously requires a lot of endurance. I've heard stories from friends when people made a good profit on their investments and went to trade futures, after which they just couldn't stop and lost everything they had earned, and sometimes everything they had.

I think that the largest portion of transactions is the testing of new wallet apps, since wallet market is rapidly growing now. So, I think, it doesn't mean that these people don't hodl. Moreover, many people sometimes exchange small sums of crypto for fiat (especially people whose income is in crypto). This also creates large portion of transactions. So, the popularity of hodling is not something that we can disprove with the fact that there are lots of transactions in the network...

We says that those individuals who already have bought bitcoin will have the opportunity to earn more money then present one but it is also true that today's investor will be more profitable than investors of future because price increases as the years elapse.

Investment in Bitcoin is really helpful but for those who have large sum of money and they don't utilize their fund putted in bitcoin as an emergency fund.

I think everyone cannot take revenge easily from bitcoin as its understanding of market is not easy for all investors of bitcoin therefore when they did not get return well then they initiate hold liable bitcoin.

 First understanding is important and other thing is the calmness over emotions in bear market and third is to leave the putted money for longer timing without utilizing it in urgent situations.

For some, they aren't feeling that bad since they believe strongly in Bitcoin and they know that one day they'll make a huge profit. However, some other people who are holding Bitcoin are very worried when its price goes down and I think a few of them sell at a loss which I would never do especially when it comes to Bitcoin.

I personally know a friend who bought Bitcoin when it was around $50k and he invested a huge amount of money at that time. Now, he's doing fine and he's awaiting the next Bitcoin bull run. He always tells me that bitcoin will reach more than $100k by the next peak and I wish that would be true to be honest.

Speaking of that situation, I've seen people that did the same thing and it was not just during 2021 bull run but also on 2017. It's truly a matter of patience when you invest aside from having the knowledge of what you're buying.

So, if you ever decide to buy, you have to make it sure that you're firm with that decision of yours and you're going to hold as much as you can until you profit.

Well, we're talking about Bitcoin in here so there's no scam except if you've been blindedly attracted to those ponzi schemes that use Bitcoin as their main method of payment.

For us to hold a coin, we have to be specific on the target coin we are seeing with the prospect of holding and will not turn to scam and all efforts and resources wasted along side, we have to understand the different types of coins to invest on, the associated risk involved in them ad how reliable they are when it comes to investment, scam is very common with some or these newly introduced memecoins and once we made a wrong choice investing in them, loosing our investment is what becomes a dominant occurence we should be expecting anytime soon.

Now those who can hodling bitcoin can sell it after few years with good profit. But I think it is totally safe to invest in bitcoin. Those who invested in bitcoin earlier have got a lot of money. So I would say if someone wants to invest safely and profit.  It is necessary for them to invest in Bitcoin. I know that after a few years the price of Bitcoin will increase several times, so I want to buy and hold Bitcoin.

That's right, I can't even imagine the feelings of people who bought bitcoin at its peak price and see its price now. Although, most likely, these people knew all the risks when they bought it.

That's how it was designed in the beginning, as a payment scheme, like to be used in online to buy things. Some people might have known bitcoin for years already, but are afraid to buy or hold because of the negative connotations that some media has portrayed it. And about buying though, one drawback that online sellers might see is how volatile it is and the price.

And that's why majority now shifts their focus in the last 5 years or so in bitcoin becoming as a store of value, just like in the pandemic where it was a hedge against their wealth. And then some companies as well, putting their balance sheet into bitcoin.

If you're seeing public addresses that has got a lot of transactions and don't have a balance left anymore, it's because that's their public bitcoin address and you'll never know how much they've got with their private bitcoin addresses.

That's better be kept and not broadcasted even if we're just remaining anonymous from different online communities.

It is normal to fear investing if you're not yet knowledgeable about it. It's better to take it slowly and learn as much as you can before putting any money even in bitcoin.

This forum is a good place to start, it's a knowledge gold mine if you do know where to look. you can the search button to find aged discussions but if you want structured resources, you should check out binance academy. 


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Yes, I have already read a lot of information here and on other resources. I can say that there is still a lot to learn. I still have the fear to invest in something. I want to get deeply into this niche first, so that I can better cope with stressful situations. I see that many people involved in trading should have good mental health. But thank you for your answer anyway.

Yes exactly spending bitcoin for buying other goods is a better way to spread the news and information about bitcoin but everyone does not know about bitcoin and in some counties there is a ban on bitcoin so in those areas bitcoin cannot be used for payment method.

Using bitcoin as both a payment method as well as an investment method are beneficial but investment is under your control like when you want to sell and when you want to buy is your decision but in a case of payment so the seller will choose whether he accepted your bitcoin or is not familiar with it.