Topic: I don't hold BTC for ATH (Read 346 times)

Of course bullran comes seasonally, long term holders are always ready to buy bitcoins in any market. Because if you buy Bitcoin and want to hold it for a long time, Bullran will not be needed. Bulran will be needed only for those people who are small and traders who have seasonal Bulran.

You mean you just hold Bitcoin because someone told you that it is a digital wealth? You must have a tangible reason why you are holding Bitcoin and you don't have to act like you are very rich and do not interested to make money from Bitcoin whether the price goes up or down. We know that the crypto market is quite volatile and even the rich are telling the hassle of having to wait for more time for the price of Bitcoin to go bull. If you are only holding for nothing just to buy and leave it for as long as possible, then that is pretty good.

Well, then why do you hold bitcoin? Do you plan to ever sell this financial asset in the future for a profit?

Or another question. How do you use this "true decentralized blockchian platform"? Do you often use the bitcoin blockchian (purchase and sale for bitcoin)?

It seems to me that you are slightly disingenuous when you claim that ATH is not of interest to you. Directly - no, but I suspect that future ATHs are important to you, because you are talking about digital wealth and one day you will want to sell bitcoin for a profit. The difference in the cost of buying and selling will be an analogue of ATH for you.

Although bitcoin was created as digital money, it is currently used as digital gold - an investment financial asset, the purpose of which is enrichment (during the ATH or at any other favorable moment). It looks funny when people try to claim that they are using bitcoin in some special way.

I agree with you, that Bitcoin is a digital wealth asset, which will continue to grow and has not yet determined its price at all, that's what I believe until now. Hopefully I can follow in your footsteps to save bitcoins for a very long time. because what happened to me, when bitcoin rose 1% my desire increased to sell it..lol... couldn't hold back any longer to become a holder, respect for you, good luck.

Your opinion is okay but there are mixed speculations when guy keep you but bitcoin either to preserve your money against inflation or to grow the wealth as the case maybe. It's decentralized and resistance to anything that has to do with centralized people if you feel like but have you thought that keeping your money in Bitcoin will not increase your wealth? There is no way you will define it, using all your savings to buy Bitcoin indirectly means that you are building wealth because it will appreciate after some times.

Further, have you considered the tax you will pay later? When you have your investment in other places, the rate they charge for tax is different if you do the math with Bitcoin and I must say the system is not fair with Bitcoin because of the profits they see people make from here. Now, you said you are not going to hold for new ATH, how are you going to pay 30% on your Bitcoin when you need urgent money?

I will advice you to hold Bitcoin and let it be for new all time high, that way you will have a fulfillment of paying taxes and making more money and your money wouldn't be suspect like someone who is into money laundering.

People tend to forget that there are other thing they can use with their bitcoin and its not all about price appreciation or hodl it since there are more wider picture about it. Lots of things can be use especially for using it as currency for their transactions if they want to buy something or anything close to that used. But if someone want to decide about looking forward for short term gains then its up to them to decide for that since we can't dictate to like the idea about hodling but for sure they can learn about it on process.

Its ideal to do that suggestion like putting some share for holding then sell something when the price goes up especially when it reach on ATH since that's what actually we need. Some people are already satisfied with that profit and its good to harvest all the profits we get since its hard to lose some especially if we are totally cannot control the situation coming to us. So people should planned their financial capacities since if they are earning less then they should go with your suggestion and if they have reserve funds to use then split some share to invest for long term since that could bring something good result in future to them.

You're having a good mentality because alot of people are just here for the price appreciations and not utility of Bitcoin and that's why we have more discussion on price instead of adoption. If you're only hodling Bitcoin for the ATH this means you have to be selling when Bitcoin gets a new ATH but if you're hodling Bitcoin for the future, you can become a diamond hodler and keep hodling your Bitcoin irrespective of what is happening to the market. I feel ATH are for short term hodlers because long time hodling won't be all about the ATH but for what Bitcoin holds for the future.

To make things more better you can have different Bitcoin for different purposes. You can hodl some Bitcoin for ATH that you can sell and use to sustain life while you have those that are meant for the long term goals. People have different ambitions in life and if theirs is to hodl Bitcoin for only ATH and it works out for them, they can keep doing it because everybody can't be a hodler. We need to have those always trading Bitcoin frequently for the market to be active.

I was actually curious about OP's claims of not holding bitcoins for ATH or bullrun. If he actually holds it as wealth, isn't he also interested in increasing his wealth? As we know,  the ATH and bullrun are what most bitcoin investors look forward to because it guarantees lots of returns on their investments.  Maybe you are right, OP is rich already so, what becomes of bitcoin during or after the bullrun and ATH does not really matter to him, as long as he enjoys the benefits of being part of a decentralized system. I have no problems with how anyone intends to use his coins, as long as they are using it right and getting benefits from it as well.

Everyone invests their income or savings somewhere for profit and you are right but your problem is that you are not holding bitcoins for a fixed period of time you think that once you have bitcoins you can spend them on anything you want.  Like fiat money. But if you make some changes in your thinking, you can make good quality profits. You keep some bitcoin as an asset and sell some bitcoin in bull run and buy in bear market. then you can make a lot of profit and you will have some amount of bitcoins as an asset.

Perhaps he's already a millionaire and he doesn't give a **** on Bitcoin's value in dollars

Chances are, being more realistic, that his investment is too small and even a multiplier of 3 or 5 wouldn't make any difference in his personal finances. The strategy of hodling forever until you don't need to change your sats for dollars, like in the meme about Morpheus teaching Neo, might have been true for those who invested 10 years ago, but as the market cap increases it is more and more difficult in the present.

Then youre a true OG and salute you for that. But is that really what youre after for the bitcoin tech? You dont care of its value somehow? For sure mostly here are 95% considering it as investment and have care whether its price could be double or triple in the coming years. So I have my doubts that when you said you dont care.

I completely agree. Bitcoin true strength comes from its ability to let individuals control their own money without needing banks or governments. Many people focus on making profit but Bitcoin core values privacy security and independence are what make it special. By prioritizing control and decentralization we can escape limitations of traditional systems and create fairer financial system.
And regarding this to hold Bitcoin for ATH or not. So I think this is the personal decision if any want so he/s can or if anyone not so it is his/her choice.

Satoshi Nakamoto didn't develop bitcoin for us to hold it for ATH; it is okay if you're not holding your bitcoin for ATH. The reason why Satoshi Nakamoto developed bitcoin was for self-custodial that would help us to have total control over our money, which would eliminate the government from implementing a policy that could determine when we could use and access our money. It is the self-custodial that gives bitcoin so much power, and people are adopting bitcoin because of its self-custodial.

Wow, honestly, this is quite an extraordinary thing for me and it is indeed outside of what many people do in general. because there are indeed people who hold it because of their love and belief in Bitcoin as a wealth asset. Not just for investing in a certain period to get immediate profits.

I also want to be in that position someday. but for now, I'm still fighting and there are plans that I'm currently preparing. Therefore, I am still part of the people who held to meet the bullish era and take profits at that time. However, what is certain is that after taking profits and getting good returns, not all of these profits will be used for other things, but there is still a percentage to buy Bitcoin again at the end of the market and then continue holding it again for a certain period of time.

That's a good mindset, the spirit of the white paper written by Satoshi Nakamoto was to create a decentralized digital currency. That's why he called Bitcoin A Peer-to-Peer Electronic Cash System. I don't think he wanted to create a deflationary currency appreciating in value indefinitely, even after reaching its climax of adoption, otherwise he would implement a burning mechanism.

Yeah you have a point people have different opinion and desire for there use of Bitcoin and sometimes one of the reasons why an investor will choose not to care about the present condition of Bitcoin weather it gets to a certain level or not or reaching the ATH could simply be that his intentions on Bitcoin is for a long term holding and at that moment you consider less about the price of Bitcoin because already you have believe that in the near future Bitcoin price will never be compared with the price now perhaps that was the point Op was trying to make.

So actually everybody is entitled to there investment decisions and there is no way we can tell them what to do with there investment or follow other investors on there pattern at which they use, so for me what actually matters is just being able accumulate Bitcoin as much as we can afford and keep holding because nobody knows how much Bitcoin will be worth in the future.

Well done, Mr man, should we clap for you? For not hodling bitcoin for ATH the same way, the majority of us are doing.

However, my message to you is for you to make sure you have your seed phrase kept in a safe place, or have your close relative or friend have a written copy of it because of the unknown since you intend to hodl bitcoin for damn long(nobody knows how long) without selling, instead as a store of wealth, which I so much believed that you must sell someday.

Yeah that's the idea too with me, although my own goal and target of selling isn't up to that amount, maybe around $100k I would sell off the little Bitcoin I have then I invest it on land because of its own appreciation power overtime because I don't know when the bear might hit us again but money is something that is easily spent so after I sell off my Bitcoin I intend on buying some pieces of land and because it doesn't lose value and then when the bear market comes, I will sell off at even bigger rate and buy Bitcoin back again maybe at $50k or even lower of possible.

this is the kind of mentality earlier Bitcoin holders had when they started holding on to Bitcoin. I guess for most of them, it wasn't a serious issue if Bitcoin even increases in it value or not. What was more important is that it's able to liberate people from the old and non functional financial system that has been tedious and wasn't giving people the freedom and full control they needed to have in taking care of thier wealth.

I once asked the question, what happens when Bitcoin becomes less volatile and maybe maintained a form of consistent volatility for a particular timeframe? Does it means that people would stop buying Bitcoin? For me, volatile is just an added advantage to the so many positive potentials that Bitcoin has. As long as Bitcoin isn't going dip too further down the line, it's an asset that's worth holding onto due to the somany other advantages it has over the fiat systems. If Bitcoin goes as high as $200k, it will most likely incourage investors to come into the system but if we are taking about the possibility of Bitcoin being adopted into the different part of the world, volatility should to a very large extent not become a primary thing that should be at the centre of such movement.

I kind of like the aspect of Bitcoin where I can easily transfer my funds from my country at this point in time to any other person that's in another geographical location across the globe without going through the stress that send fiat comes with. It's a part we've not paid much attention to of recent due to the bouyancy of the investible part of Bitcoin but to be honest, it's actually the kernel of Bitcoins existence.

Each people will have their own reason why they have Bitcoin and why they hold or not hold Bitcoin. We don't know when Bitcoin bull run happen and only guess without knowing the truth. But people who already follows the previous bull run will still holds their Bitcoin and wants to hold their bitcoin until the bull run comes. If bull run is not coming in the end of this year or even in the next year, that doesn't minds for them because they still believe that Bitcoin will gets the bull run.

People will have their own opinion about bull run is important or unimportant and nothing is wrong with what they believe. We can't force each people to follow other people wants because this is a freedom for people with their Bitcoin.