Topic: Just hodl, bitcoin will do the silencing. - page 2. (Read 643 times)

See two big examples for power of HODL Bitcoin.

https://saylortracker.com/
https://nayibtracker.com/

They are getting good profits by investing and hodling Bitcoin. MicroStrategy gets $5.5B and El Salvador gets $55.5M with their Bitcoin investments. They started their investments in Bitcoin since 2020 (MicroStrategy) and 2021 (El Salvador).

You can use DCA website tools to see the power of HODL with longer hodling time.
https://dcabtc.com/
Or with the ROI chart.
https://casebitcoin.com/charts#roi_chart

Well, we must always delimit and rely on a discourse that is in line with realities, because although we are there on the cusp of a new ATH, three long years have passed, so what you mention in the quote has its parameterization.

The power of HODL
And in fact, while many countries at that time were moving away from Bitcoin because the price continued to fall drastically in the lead up to and during the bearish era, El Salvador became a country that became even more enthusiastic about promoting Bitcoin and buying it in very large amounts at that time. Even though there has been a lot of debate, at least El Salvador really understands the key investment of Bitcoin, HODLING. And now, they are just waiting for the time to do it until a certain target. They understand exactly what they are going to do and are doing. And this can really be one of our considerations when we want to invest more in Bitcoin. Just hold, keep patient, and never panic when holding Bitcoin.

I know everyone, including me, will give credit to Bukele since he is in profit. But when he was at a loss, we talked a lot and judged him in many ways. But it's good to see he wasn't scared, and still he is holding the bags. A lot of people, even me, missed Bitcoin in the $16K zone, and I don't think we will ever see Bitcoin at that price again. Doesn't mean I don't trade; I bought and sold a couple of times to take advantage of the volatility but failed to catch the long run. Bitcoin actually proves a lot of times that holders don't regret it eventually. 

I think not that most of these critics against bitcoin investors are unaware of the historical pasts about how bitcoin has at different moment's proven itself as a digital currency to bank on and hodl but it's just that they fear the power of bitcoin as a decentralized currency taking away that centralized authority and regulatory power from them (making them irrelevant)  and giving it to the people to take charge of their finances and,

with the privacy it provides they fear to lose the monitoring influence/access they possess to be taken away from them and for that they just wan t to use every propaganda within their reach to discourage a rapid adoption to bitcoin. It's a simple logic for us who are looking inwardly to understand these things.

People can now praise things they used to criticize. Investing is risky, but those who take this risk can achieve their goals. These people, who were criticized by many people, are now praised by many people with the earnings they have achieved.

Bitcoin has proven itself many times. Even though this is known, I have always found the criticisms against people investing in Bitcoin unfair. Bitcoin does not mislead people who invest in Bitcoin and enables them to achieve their goals. Bitcoin proves itself once again and continues to prove its investors and those who trust Bitcoine right.

The recent surge in the price of Bitcoin has brought renewed attention to El Salvador's controversial decision to adopt it as legal tender in 2021. While the potential for significant profit is undeniable, as evidenced by the country's reported gains, it's crucial to approach this situation with a balanced and nuanced perspective.

If Bitcoin's value continues to appreciate, El Salvador could see a substantial financial windfall. These profits could be directed towards crucial areas like infrastructure development, social programs, and public services, potentially leading to improved living standards for its citizens. Bitcoin's decentralized nature could offer individuals without access to traditional banking systems a pathway to financial inclusion. This could have a significant positive impact on a nation like El Salvador, where a portion of the population remains unbanked. Bitcoin's price is notoriously volatile, experiencing significant fluctuations. This inherent risk could lead to substantial financial losses for El Salvador if the price plummets.

El Salvador's experiment with Bitcoin as legal tender represents a bold and innovative approach to economic development. It's a calculated gamble with the potential for substantial rewards, but one that also carries inherent risks. Observing and evaluating the long-term consequences of this decision will be crucial for other nations contemplating similar paths and for understanding the broader implications of widespread crypto adoption within national economies.

From a positive point of view, Bukele is a great president. His silence towards criticism that came from those who considered him based on negative assumptions was refuted by action, not by issuing a statement of defense, either by himself directly or from his ministers, using all his powers, including all the media.
His principles and actions can be an example for other leaders in running a country with concepts that are in line with the mission for the progress of the country in many fields.
For us, the most prominent areas are the level of security (crime) and the economy (investment).

I remember when El Salvador adoption was ridicule and Microstrategy Micheal Saylor was struggling to impress people on the TV show of his Bitcoin adoption but look at it today, they are now sitting on billions of profits and Bitcoin halving is not here yet and the bull run is yet to started. If bull run comes and Bitcoin made it to another all time high, they will profit heavily on their investment like no any other investment can give them such kind of return on investment.

My only worry is what is going to happen with the bitcoin they have bought and invest in. Nobody continue to invest forever, a point of sale will come and Bitcoin market is very reactive to when investors want to sell their Bitcoin. However, if the continued to hold, it will help the market in the long run.

We can see that the price of Bitcoin keeps skyrocketing and those that have Bitcoin keep seeing huge value added to their holdings. That is how we should keep going and seeing values added to our Bitcoin. We could make money from just holding Bitcoin because the market is bull already. Very soon the price of Bitcoin would reach the previous high and that would be the continuation of the previous bull that we experienced in 2020. There is lot of benefits for us to keep going our assets. It might look uneasy especially for those of us that don't have plenty of income investments that is giving enough money for us to invest in Bitcoin.

This is paper profit. I have not heard of El Salvador selling this holding bitcoins and taking a profit. And if the bitcoin's price falls (and this often happens in a very volatile cryptomarket) by the same 40%, will it turn out that El Salvador received losses or not?

It is clear that the example you gave should encourage BTC-holders to show perseverance in holding bitcoin, but in the case of El Salvador, there is not much time in the past to evaluate the correctness of President Bukele s decision. This story is still far from over and it is unknown how the choice made by the president will affect the fate of the entire country and its inhabitants. This is a very big responsibility. It’s completely different from what happens with individual investing.

It would be stupid if he US because it will cause a chaos.

Will every businessmen, civil servant and any other El Salvadorian agree to update the price of their goods and services for every second? right now a big mac cost 0,000016 BTC, two minutes later it decrease to 0,000015 BTC, three minutes later it back to 0,000016 BTC, ten minutes later it increase to 0,000017 BTC.

If they didn't update the price, the poor will not able to survive and they will make noises.

On average, success and profits can indeed be achieved when someone is able to understand the risks and dares to take risks to do this (investing in Bitcoin). Because without going through this process, it is certainly impossible to expect profits, so it is true as you said that any investor must have truly mature readiness if they want to take an investment like Bitcoin. The readiness that must be provided is such as one's own funds or life budget which is also included in the emergency fund along with a wise attitude when investing without being influenced by what other people say.

One of the person whom I know that face criticism was Bukele the president of El Salvador. Upon all the criticisms the guy didn't give up and continue to strengthen the coin in the country till now. I have also been looking for the latest development of El Salvador economic with bitcoin in the country and I discovered that they are doing well though the number of people using the coin is not much as that but after this all time high then the crusaders will also join the investment of bitcoin and propagate the movement to other countries.

Even though Bukele adopt the use of bitcoin in the country, he didn't remove the El Salvador currency for bitcoin but he uses the two alongside.

In a revelation that shook the financial and cryptocurrency communities El Salvador's Bitcoin could record impressive gains to go with it. When the value of bitcoin increased significantly El Salvador could achieve a profit of over 40%. Bitcoin endorsement has attracted additional investment in bitcoin. This is why bitcoin investment should be the right move to hold for the long term and suggests a long term outlook for cryptocurrency reserves. This approach highlights the country's confidence in the long term value of bitcoin as well as its potential to shape the Salvador economy in the future.

In the end, the critic didn't give us any evidence that he wasn't invested in Bitcoin. It could just be that he is the one who seems to be doing us a disservice. But if we look seriously, we should realize that they are also useful for traders like me. Because I can buy at a fairly cheap price. So I think they are not always the bad part. Besides, their arguments are always broken when Bitcoin reaches its best price again. Maybe even after this Halving period maybe BTC will move better. It seems like they are created to be able to give us the best opportunities.

actually it is come together from financial advise in crypto to invest in Bitcoin/crypto the amount
that you can afford to lose  so   you have given yours here and hope that newbie will capture that to
understand and never fell on that.
Nice site there , and indeed that bitcoin investments always comes with risk but at least we knew
how to handle and will choose holding when the price dumps.

Investing in bitcoin should be limited within your budget because it is not possible to earn profit from bitcoin in one day you have to wait for a long time. All work requires risk without risk success cannot be achieved. Do market research without listening to anyone's words by investing in bitcoin and move towards profit without risk. Investors will profit during a bull market even if the price falls.

The haters(the analysts, journalists, and experts) of bitcoin who spread gibberish on bitcoin when it was down in price, no longer want to speak a word now bitcoin is skyrocketing in price.

That's one thing we should all learn about life, that people are quick to give a judgment on us when we are down "financial" but they won't be quick to announce our glory when we are doing well financially.

Bukele saw early "the profits of bitcoin" in the long run and wasn't interested in what the haters of bitcoin would say. Now, El Salvador's invested bitcoin has risen in profits by about 40%. You and I can imagine what the future holds by next year when bitcoin hits $200k or more as speculated.

The message to all this, is for us to be focus in hodling and accumulate more bitcoin even  when the critics tries to discourage us from doing that because they will surely end up in silent when bitcoin begin to surge in price.

Some left bitcoin since maybe they follow those bad advices of people regarding on when to sell that's why they do bad decision because they don't verify but just do what those people say. For sure at what current happening on bitcoin some of those people who sold earlier their coins regret especially when they did that because they afraid for a possible big dumps will came. For what strong movement we can see this indicate to all investor that long term HODL will always give us best returns compare doing short term and for sure that many people are happy also excited for how much they can possibly gain at current good movements happen on the market.