Hodling Bitcoin - page 4. | Bitcointalksearch.org

letteredhub

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Quote from: Mia Chloe on July 09, 2023, 12:26:52 PM

Bitcoin hodling is something almost everyone on this forum is eager to partake in or already partaking in.
However I did some research and discovered most forum members do a lot of Bitcoin transaction, and sometimes leaves them with little or no hodlings in their wallets. Of course Some on the other hand have most of their Bitcoins as hodlings in their wallets although they still transact with Bitcoins . Holding Bitcoin is a choice however for those that have Bitcoin holdings how do you manage to minimize Bitcoin transactions to increase your hodlings.

Though hodling Bitcoins can be tempting to transact with sometimes

When did you undertake this research? Damn, I wasn't informed neither did i receive any questionnaire, LoL Grin

Holding is that simple to do unlike trading, you need to have different wallets for each purpose at least two wallets could do. One for mainly holding and another for transactions considering the fact that we have to meet up some bills. From my personal experience I discovered since I decided to create a different wallet for holding my coins that it has been easier for me to accumulate more than it were, as I apparently understands the purpose of for each of my wallets.

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You can use your funds, or you can store your funds it depends on you. People store their wallets to exchange every time they want to make a trade or to grab an opportunity every market movement but we do not recommend doing this kind of activity instead have your own wallet which is a hot or cold wallet if the funds is on a centralized platform its, not your it's their money not until you transfer to your wallet with have the private keys. At the end if you are a long term seeker for the bitcoin holding is the most ideal but if you want ride with the market volatility and take profit short positions are the better.

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Quote from: irhact on July 14, 2023, 03:24:19 AM

Quote from: Sebas.tian on July 13, 2023, 11:03:24 PM

When your mind is there for the holding, I don't think anything will district you not to hold Bitcoins as long you want to hold it because if you can hold Bitcoin like 5 or 6 years, you will definitely achieve something reasonable from your holding. That is why they always encourage holders not to invest all their money on Bitcoin, in case something urgent happen you can use the remaining money to solve and continue holding your Bitcoin until the price increase higher to your satisfaction before you can sell to smile.

Your mind can be set for holding but things come up that you need the money urgently and have to sell some of your holdings to take care of that problem. You might have planned everything and have spare of emergency funds but still that money mightn't be enough for what you want to solve and then you have to go back to your investment which is in Bitcoin for rescue. If you find yourself in this type of situation, solve your problem first.

You can buy back the Bitcoin that you sold later in the future, Bitcoin can be very high today in price but reduces tomorrow and gives you an opportunity to buy twice as much coins that you had earlier but sold due to having financial problems that needed urgent response.

Doesnt life have surprises? Sometimes surprises require us to use our carefully built Bitcoin stash. I've been there, and the cognitive dissonance between holding onto an investment and meeting a financial necessity is real.

In my investing experience, there's always a silver lining. If you have to sell Bitcoin today, why not purchase it back later? Like life, cryptocurrency fluctuates.

Dont forget investing's main purpose: safety. Using your net fulfills its objective. Address your immediate financial difficulties and be open to selling your Bitcoin. It promotes investment.

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Quote from: Mia Chloe on July 09, 2023, 12:26:52 PM

Bitcoin hodling is something almost everyone on this forum is eager to partake in or already partaking in.
However I did some research and discovered most forum members do a lot of Bitcoin transaction, and sometimes leaves them with little or no hodlings in their wallets. Of course Some on the other hand have most of their Bitcoins as hodlings in their wallets although they still transact with Bitcoins . Holding Bitcoin is a choice however for those that have Bitcoin holdings how do you manage to minimize Bitcoin transactions to increase your hodlings.

Though hodling Bitcoins can be tempting to transact with sometimes

I hold all of my BTCs in my Ledger Nano S and it's much safe to store there than in centralized exchanges, software wallets, etc.

Last year, I have done DCA with Bitcoin every month straight to my Ledger Nano S wallet when BTC is around $20k to $23k range.

Even if I am in profit right now, I still want to hold them in preparation for the halving.

ItsCrafty

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Quote from: traderethereum on July 14, 2023, 05:11:49 AM

People holding Bitcoin will still be holding Bitcoin in separate wallets.
But they also do Bitcoin transactions because they need to use Bitcoin for the things they want, so it's not surprising that some people still transact using Bitcoin while they also hold it.
This may be about how you store your Bitcoin in your main wallet so that you can use other wallets to transact still using Bitcoin.
I'm sure those holding Bitcoin must still hold large amounts of Bitcoin in other wallets.

I think holding Bitcoin is not a bad idea, but this may be possible when you have multiple assets or a large amount of capital. Anyhow, you can easily handle or store your BTC in soft or hard wallets.Many countries give you the opportunity to shop for everything with Bitcoin. It would be a good idea to save your Bitcoin in multiple wallets for your ease of buying or selling or to make your trading in different altcoins. Furthermore, Bitcoin transactions are secure and transparent, making them a popular option for people who value privacy and security. Moreover, Bitcoin provides investors with a unique and profitable investment opportunity.

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Quote from: traderethereum on July 14, 2023, 05:11:49 AM

Quote from: isaac_clarke22 on July 13, 2023, 10:26:11 AM

Quote from: traderethereum on July 13, 2023, 09:43:17 AM

~

I don't know if that describes your situation haha.
I do that too because in my opinion, it's the best way to store large amounts of bitcoins and also spend bitcoins on other things.
And I will only open a wallet with bitcoins when the price is too high for me to sell.
So far, it has worked out pretty well for me because keeping bitcoins in two or several separate wallets gives me the opportunity to keep them while waiting for the bull run to come.

Hella true, and yeah you really 100% described how I hold my Bitcoin. It's also hard to keep track or audit your expenses when they're all just in a single wallet. I might even accidentally spend some amounts that were intentionally just used for hodling.

It worked out for me, so surely it will continue to work out for ya, mate.

traderethereum

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Quote from: isaac_clarke22 on July 13, 2023, 10:26:11 AM

Quote from: traderethereum on July 13, 2023, 09:43:17 AM

People holding Bitcoin will still be holding Bitcoin in separate wallets.
But they also do Bitcoin transactions because they need to use Bitcoin for the things they want, so it's not surprising that some people still transact using Bitcoin while they also hold it.
This may be about how you store your Bitcoin in your main wallet so that you can use other wallets to transact still using Bitcoin.
I'm sure those holding Bitcoin must still hold large amounts of Bitcoin in other wallets.

Pretty much describes me. Cheesy

There are wallets I use for the common transaction stuffs wherein my local merchants allow Bitcoin while there are also wallets that I never ever open ever and it's never connected to internet connection for obvious reasons. Pretty sure it's a common discipline for hodlers out there to have a separate world for their crypto wallets.

I don't know if that describes your situation haha.
I do that too because in my opinion, it's the best way to store large amounts of bitcoins and also spend bitcoins on other things.
And I will only open a wallet with bitcoins when the price is too high for me to sell.
So far, it has worked out pretty well for me because keeping bitcoins in two or several separate wallets gives me the opportunity to keep them while waiting for the bull run to come.

irhact

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Quote from: Sebas.tian on July 13, 2023, 11:03:24 PM

When your mind is there for the holding, I don't think anything will district you not to hold Bitcoins as long you want to hold it because if you can hold Bitcoin like 5 or 6 years, you will definitely achieve something reasonable from your holding. That is why they always encourage holders not to invest all their money on Bitcoin, in case something urgent happen you can use the remaining money to solve and continue holding your Bitcoin until the price increase higher to your satisfaction before you can sell to smile.

Your mind can be set for holding but things come up that you need the money urgently and have to sell some of your holdings to take care of that problem. You might have planned everything and have spare of emergency funds but still that money mightn't be enough for what you want to solve and then you have to go back to your investment which is in Bitcoin for rescue. If you find yourself in this type of situation, solve your problem first.

You can buy back the Bitcoin that you sold later in the future, Bitcoin can be very high today in price but reduces tomorrow and gives you an opportunity to buy twice as much coins that you had earlier but sold due to having financial problems that needed urgent response.

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Quote from: Mia Chloe on July 09, 2023, 12:26:52 PM

Bitcoin hodling is something almost everyone on this forum is eager to partake in or already partaking in.
However I did some research and discovered most forum members do a lot of Bitcoin transaction, and sometimes leaves them with little or no hodlings in their wallets. Of course Some on the other hand have most of their Bitcoins as hodlings in their wallets although they still transact with Bitcoins . Holding Bitcoin is a choice however for those that have Bitcoin holdings how do you manage to minimize Bitcoin transactions to increase your hodlings.

Though hodling Bitcoins can be tempting to transact with sometimes

some people will share their assets for Investment as well as trading. that is why Bitcoin handlers sometimes separate wallets for holding their Bitcoins and wallets for trading transactions. so both activities will still benefit. when investment assets can continue to be added consistently. but we can also develop assets in our trading.

worle1bm

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It's absolutely fine to spend your coins if you are interested in buying stuff with it because that way it will help to spread the adoption at mass level apart from just holding.I know we see it as investment asset but we should not eliminate the base cause of its creation which was to make transaction.You can hold and spend at the same time if you wish to do so.

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Quote from: Mia Chloe on July 09, 2023, 12:26:52 PM

Bitcoin hodling is something almost everyone on this forum is eager to partake in or already partaking in.
However I did some research and discovered most forum members do a lot of Bitcoin transaction, and sometimes leaves them with little or no hodlings in their wallets. Of course Some on the other hand have most of their Bitcoins as hodlings in their wallets although they still transact with Bitcoins . Holding Bitcoin is a choice however for those that have Bitcoin holdings how do you manage to minimize Bitcoin transactions to increase your hodlings.

Though hodling Bitcoins can be tempting to transact with sometimes

Most of them leaves with nothing? You came to a conclusion based on reading what the forum members said? I can assure you, most of the "forum" members here will make up stories about how much bitcoin they are holding and how they lost it. You shouldn't come to a conclusion based on these imaginary stories. Anyone that is holding bitcoin won't really disclose that or say much they are holding. Use real data. Google it and verify the source and then come to a conclusion.

Quote from: Mia Chloe on July 09, 2023, 12:26:52 PM

however for those that have Bitcoin holdings how do you manage to minimize Bitcoin transactions to increase your hodlings.

You invest money that you can afford to lose and that you don't need anytime soon. So if you are doing that, then I see no reason for someone to actually spend their bitcoin.

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Quote from: Mia Chloe on July 09, 2023, 12:26:52 PM

Bitcoin hodling is something almost everyone on this forum is eager to partake in or already partaking in.
However I did some research and discovered most forum members do a lot of Bitcoin transaction, and sometimes leaves them with little or no hodlings in their wallets. Of course Some on the other hand have most of their Bitcoins as hodlings in their wallets although they still transact with Bitcoins . Holding Bitcoin is a choice however for those that have Bitcoin holdings how do you manage to minimize Bitcoin transactions to increase your hodlings.

Though hodling Bitcoins can be tempting to transact with sometimes

Not tempting but it is moved by itself to make BTC transactions by various factors. I noticed that the main factor that made this happen was the matter of fulfilling the needs for yourself or others. But, if his financial strength is good, I think this is done only to increase the amount of his BTC holdings from the initial amount of just a few then he tries by trading to accumulate to so many. If it arrives at the planned time even though it has not yet entered the bullish season, it will still be sold without having to wait long.

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Quote from: Mia Chloe on July 09, 2023, 12:26:52 PM

Bitcoin hodling is something almost everyone on this forum is eager to partake in or already partaking in.
However I did some research and discovered most forum members do a lot of Bitcoin transaction, and sometimes leaves them with little or no hodlings in their wallets. Of course Some on the other hand have most of their Bitcoins as hodlings in their wallets although they still transact with Bitcoins . Holding Bitcoin is a choice however for those that have Bitcoin holdings how do you manage to minimize Bitcoin transactions to increase your hodlings.

Though hodling Bitcoins can be tempting to transact with sometimes

I think it would be a better decision to hold Bitcoin for the long term rather than the short term. The price of Bitcoin continues to fluctuate due to which many people who have a good amount of capital are trading in Bitcoin, but people who have less capital or have very small amount of bit coins cannot transact on daily basis or short term. Since Bitcoin is a crypto currency that has a lot of potential that can give us a good profit in the long term. So if one can hold Bitcoin then it will be a good profitable decision for him. Rather, one should keep accumulating as much Bitcoin as possible.

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When your mind is there for the holding, I don't think anything will district you not to hold Bitcoins as long you want to hold it because if you can hold Bitcoin like 5 or 6 years, you will definitely achieve something reasonable from your holding. That is why they always encourage holders not to invest all their money on Bitcoin, in case something urgent happen you can use the remaining money to solve and continue holding your Bitcoin until the price increase higher to your satisfaction before you can sell to smile. Applying long holding in your bitcoins is favourable, because it will help you to achieve your goal in the future that will make you to prefer long holding than short holding in the community.

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Quote from: Don Pedro Dinero on July 13, 2023, 10:11:00 PM

Quote from: Z-tight on July 09, 2023, 12:36:58 PM

Separate your funds into two wallets.

Cold storage for holding BTC's that you don't want to spend anytime soon, this wallet should either be a hardware wallet or an Electrum wallet on an air-gapped device.

Hot wallet for holding BTC's for spending, <...>

Right. I think the OP here is not clear that bitcoin holding is not an all-or-nothing issue. Many people hold bitcoin for the long term and make transactions, spend bitcoin in the short term. At the end of the day bitcoin is a currency, or at least it was created as such, and if no one did transactions with it it would not be a currency.

Yeah and there are lot of flaws in his "experiment". He just choose some random account in the forum, maybe in a signature campaign, and the follow the trail. Maybe he see the bitcoin address as 0. But it doesn't mean the the member itself didn't hold or doesn't have bitcoin in other wallet.

Maybe he has a hardware wallet wherein he stores all his long term holdings. And then his account on a campaign that receives the payment after a week. And then transfers it to a safe place.

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Quote from: Z-tight on July 09, 2023, 12:36:58 PM

Separate your funds into two wallets.

Cold storage for holding BTC's that you don't want to spend anytime soon, this wallet should either be a hardware wallet or an Electrum wallet on an air-gapped device.

Hot wallet for holding BTC's for spending, <...>

Right. I think the OP here is not clear that bitcoin holding is not an all-or-nothing issue. Many people hold bitcoin for the long term and make transactions, spend bitcoin in the short term. At the end of the day bitcoin is a currency, or at least it was created as such, and if no one did transactions with it it would not be a currency.

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Quote from: Fivestar4everMVP on July 13, 2023, 05:19:06 PM

Quote from: Mia Chloe on July 09, 2023, 12:26:52 PM

Bitcoin hodling is something almost everyone on this forum is eager to partake in or already partaking in.
However I did some research and discovered most forum members do a lot of Bitcoin transaction, and sometimes leaves them with little or no hodlings in their wallets. Of course Some on the other hand have most of their Bitcoins as hodlings in their wallets although they still transact with Bitcoins . Holding Bitcoin is a choice however for those that have Bitcoin holdings how do you manage to minimize Bitcoin transactions to increase your hodlings.

Though hodling Bitcoins can be tempting to transact with sometimes

It's all about personal decision my friend, holding bitcoin is very easy, I don't have to separate funds or bitcoin to different wallet to hold my bitcoin if I really want to hold, if I don't have any personal and important need for the money, I hold it, even In one wallet, I leave it there as an investment.

And on the other hand, just incase something important comes that requires I must sell some bitcoin to raise money to sort it out, i myself know what amount of bitcoin I've kept as an investment and whatever expenses I am doing, I make sure i never spend to the extent of entering my investment, lets say for example, my investment 1 bitcoin, and I have 1.5 bitcoin In my wallet, I know what ever transactions I am doing, it must be with that 0.5 bitcoin, the other 1 bitcoin will never be touched for obvious reasons.

I understand, from the profits gained while holding bitcoins, the principal capital will remain the same and others will work to find additional profits by trading on bitcoins. a way that is enviable, because so far I have sometimes felt, even though at the beginning the intention was to hold bitcoin, but when I saw the price I became tempted, so that even if I sold all the assets, and after that the price would increase. in a way you might be able to let go of the ego that is inside, and still hold bitcoin in the principal capital

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Quote from: Hypnosis00 on July 13, 2023, 08:54:51 AM

There are two types of Bitcoin Holder,
1. Short-term holders - those who usually sell their coins and empty their wallets.
2. Long-term holders - those who usually hold for many years and see their wallet address filled with a lot of Bitcoin.

Perhaps, it was their choice and you know what, it was hard to convince a person to hold when in their mind is to sell when the price went high. You can't force someone to hold if it was not in their mind.

The classification just about sums it all up. It is based on individual choice to determine how best and the practice to involve when it comes to hodling BTC for long or short term purposes.

I believe in HODling for long term as I don't really want to be caught between converting BTC to BNB or USDT or any other alt coins inorder to make quick gain.
As I hold fiat to its standard of centralized service, so do I HoDL BTC to its standard of decentralized service till when I feel appropriate to trade my HODLing. I am scared mostly for the SEC issues and the case of seizure of coins on open source wallets and exchanges.
What are some good ways considering current happening that one can HoDL BTC without fear of loss?

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Quote from: Mia Chloe on July 09, 2023, 12:26:52 PM

Bitcoin hodling is something almost everyone on this forum is eager to partake in or already partaking in.
However I did some research and discovered most forum members do a lot of Bitcoin transaction, and sometimes leaves them with little or no hodlings in their wallets. Of course Some on the other hand have most of their Bitcoins as hodlings in their wallets although they still transact with Bitcoins . Holding Bitcoin is a choice however for those that have Bitcoin holdings how do you manage to minimize Bitcoin transactions to increase your hodlings.

Though hodling Bitcoins can be tempting to transact with sometimes

It's all about personal decision my friend, holding bitcoin is very easy, I don't have to separate funds or bitcoin to different wallet to hold my bitcoin if I really want to hold, if I don't have any personal and important need for the money, I hold it, even In one wallet, I leave it there as an investment.

And on the other hand, just incase something important comes that requires I must sell some bitcoin to raise money to sort it out, i myself know what amount of bitcoin I've kept as an investment and whatever expenses I am doing, I make sure i never spend to the extent of entering my investment, lets say for example, my investment 1 bitcoin, and I have 1.5 bitcoin In my wallet, I know what ever transactions I am doing, it must be with that 0.5 bitcoin, the other 1 bitcoin will never be touched for obvious reasons.

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Quote from: Aikidoka on July 13, 2023, 12:36:54 PM

I believe that holding Bitcoin for a long time without using it is simply a choice for some Bitcoiners and it depends on their needs. For example, if you have a job IRL and receive a good payment, you may not need to spend your Bitcoin since you already have money in Fiat. In this case, it might be better to hold onto your Bitcoin and wait for its value to increase, potentially yielding future profits.

If one is capable of profiting in trading then it would be more advisable to trade than just holding Bitcoin. Holding is for those who don't want to take risk or not knowledgeable enough to trade in the market and wanted to stay on the safe side. But if a person is good in trading, then trading Bitcoin for a long time will definitely profitable by multiple times than just holding because the person who knows how to trade can accumulate more Bitcoin with just the initial capital they have. By taking advantage of the Bitcoin price fluctuation, trader is enable to accumulate more Bitcoin while getting profit from every trades.

Quote from: Aikidoka on July 13, 2023, 12:36:54 PM

On the other hand, people who don't have an IRL job and solely earn Bitcoin may need to spend some of it for their daily needs, such as paying bills or buying food. They may choose to hold onto a portion of their Bitcoin while using the rest to meet their immediate requirements.

Saving part of their Bitcoin income will solve the intention of accumulating Bitcoin and holding it for a long time.

Topic: Hodling Bitcoin - page 4. (Read 993 times)